v2.4.0.6
Condensed Consolidated Statements of Operations and Other Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Operating revenues:        
Net sales to third parties $ 35,160 $ 67,670 $ 102,900 $ 194,712
Cost of sales (28,073) (59,200) (87,315) (170,460)
Gross income 7,087 8,470 15,585 24,252
Operating expenses:        
Sales, marketing and distribution (2,390) (2,560) (7,031) (8,111)
General and administrative (2,812) (987) (6,597) (2,628)
Operating income 1,885 4,923 1,957 13,513
Other income, net 418 276 619 889
Loss on disposal of scrap inventories (6,092) (2,307) (6,092) (2,307)
Provision for inventories (5,431) 0 (5,431) 0
Interest income 479 117 1,184 315
Interest expense (2,009) (940) (4,846) (2,231)
(Loss) Income before income taxes (10,750) 2,069 (12,609) 10,179
Income taxes benefit (expense) 434 (1,260) 352 (2,421)
(Loss) Income before extraordinary items (10,316) 809 (12,257) 7,758
Extraordinary gain (less applicable income taxes of US$0) 0 1,738 13,117 1,738
Extraordinary loss (less applicable income taxes of US$0) 0 0 (1,848) 0
Net (loss) income (10,316) 2,547 (988) 9,496
Less: Net income attributable to non-controlling interests (53) 0 (64) 0
Net (loss) income attributable to CIEC common stockholders (10,369) 2,547 (1,052) 9,496
Amounts attributable to CIEC common stockholders        
(Loss) Income before extraordinary item (10,369) 809 (12,321) 7,758
Extraordinary gain 0 1,738 13,117 1,738
Extraordinary loss 0 0 (1,848) 0
Net (loss) income attributable to CIEC common stockholders (10,369) 2,547 (1,052) 9,496
Other comprehensive income        
Foreign currency translation adjustment 256 561 1,297 1,115
Comprehensive (loss) income $ (10,113) $ 3,108 $ 245 $ 10,611
(Loss) Earnings per share        
Weighted average number of common stock outstanding - basic and diluted (in shares) 500,000,000 500,000,000 500,000,000 500,000,000
Net (loss) income per share of common stock outstanding before extraordinary items - basic and diluted (in dollars per share) $ (0.021) $ 0.002 $ (0.025) $ 0.016
Net (loss) income per share of common stock outstanding after extraordinary items - basic and diluted (in dollars per share) $ (0.021) $ 0.005 $ (0.002) $ 0.019