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Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2017
Segment Reporting [Abstract] |
Segment Operating Results | The following table presents the Company's operating segment results for the three and six months ended June 30, 2017 and 2016:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2017 |  | 2016 |  | 2017 |  | 2016
Revenues: |  |  |  |  |  |  |  |
Refined Coal: |  |  |  |  |  |  |  |
Earnings in equity method investments |  | $ | 10,155 |  |  | $ | 13,754 |  |  | $ | 23,969 |  |  | $ | 19,331 |
Royalties |  | 1,866 |  |  | 669 |  |  | 3,621 |  |  | 1,859 |
|  | 12,021 |  |  | 14,423 |  |  | 27,590 |  |  | 21,190 |
Emissions Control: |  |  |  |  |  |  |  |
Equipment sales |  | 24,619 |  |  | 8,213 |  |  | 29,727 |  |  | 29,919 |
Chemicals |  | 846 |  |  | 613 |  |  | 3,127 |  |  | 1,047 |
Consulting services |  | — |  |  | 125 |  |  | — |  |  | 320 |
|  | 25,465 |  |  | 8,951 |  |  | 32,854 |  |  | 31,286 |
Total segment reporting revenues |  | 37,486 |  |  | 23,374 |  |  | 60,444 |  |  | 52,476 |
Adjustments to reconcile to reported revenues: |  |  |  |  |  |  |  |
Refined Coal: |  |  |  |  |  |  |  |
Earnings in equity method investments |  | (10,155 | ) |  | (13,754 | ) |  | (23,969 | ) |  | (19,331 | )
Royalties |  | (1,866 | ) |  | (669 | ) |  | (3,621 | ) |  | (1,859 | )
|  | (12,021 | ) |  | (14,423 | ) |  | (27,590 | ) |  | (21,190 | )
Total reported revenues |  | $ | 25,465 |  |  | $ | 8,951 |  |  | $ | 32,854 |  |  | $ | 31,286 |
Segment operating income: |  |  |  |  |  |  |  |
Refined Coal (1) |  | $ | 11,133 |  |  | $ | 14,199 |  |  | $ | 26,158 |  |  | $ | 22,061 |
Emissions Control |  | 1,887 |  |  | 2,118 |  |  | 2,160 |  |  | 6,700 |
Total segment operating income |  | $ | 13,020 |  |  | $ | 16,317 |  |  | $ | 28,318 |  |  | $ | 28,761 |
(1) Included within the RC segment operating income for the three months ended June 30, 2016 is a $2.1 million gain on the sale of RCM6 and for the three months ended June 30, 2017 and 2016, 453A interest expense of $0.6 million and $0.4 million, respectively. Included within the RC segment operating income for the six months ended June 30, 2017 and 2016, are 453A interest expense of $1.0 million and $1.1 million, respectively, and interest expense related to the RCM6 note payable of zero and $0.3 million, respectively.
Reconciliation of Reportable Segment Amounts to Consolidated Balances | A reconciliation of reportable segment operating income to the Company's consolidated net income is as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2017 |  | 2016 |  | 2017 |  | 2016
Segment operating income |  | $ | 13,020 |  |  | $ | 16,317 |  |  | $ | 28,318 |  |  | $ | 28,761 |
Adjustments to reconcile to net income attributable to ADES |  |  |  |  |  |  |  |
Corporate payroll and benefits |  | (1,343 | ) |  | (2,866 | ) |  | (3,153 | ) |  | (5,912 | )
Corporate rent and occupancy |  | (91 | ) |  | (272 | ) |  | (117 | ) |  | (501 | )
Corporate legal and professional fees |  | (1,129 | ) |  | (1,982 | ) |  | (2,127 | ) |  | (4,909 | )
Corporate general and administrative |  | (797 | ) |  | (1,373 | ) |  | (1,656 | ) |  | (2,146 | )
Corporate depreciation and amortization |  | (51 | ) |  | (128 | ) |  | (258 | ) |  | (258 | )
Corporate interest (expense) income, net |  | (59 | ) |  | (1,214 | ) |  | (283 | ) |  | (2,121 | )
Other income (expense), net |  | 500 |  |  | (523 | ) |  | 3,400 |  |  | (526 | )
Income tax expense |  | (3,642 | ) |  | (99 | ) |  | (9,028 | ) |  | (152 | )
Net income |  | $ | 6,408 |  |  | $ | 7,860 |  |  | $ | 15,096 |  |  | $ | 12,236 |
Reconciliation of Assets from Segment to Consolidated | Segment assets were as follows as of the dates presented:
|  | As of
(in thousands) |  | June 30, 2017 |  | December 31, 2016
Refined Coal |  | $ | 5,069 |  |  | $ | 6,310 |
Emissions Control |  | 31,067 |  |  | 24,551 |
All Other and Corporate |  | 58,021 |  |  | 76,435 |
Consolidated |  | $ | 94,157 |  |  | $ | 107,296 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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