XML 61 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS      
REVENUE $ 1,410,795us-gaap_SalesRevenueNet $ 1,357,272us-gaap_SalesRevenueNet $ 1,331,185us-gaap_SalesRevenueNet
COST OF SERVICES 1,161,024us-gaap_CostOfGoodsAndServicesSold 1,117,389us-gaap_CostOfGoodsAndServicesSold 1,123,564us-gaap_CostOfGoodsAndServicesSold
Gross profit 249,771us-gaap_GrossProfit 239,883us-gaap_GrossProfit 207,621us-gaap_GrossProfit
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 207,652us-gaap_SellingGeneralAndAdministrativeExpense 194,214us-gaap_SellingGeneralAndAdministrativeExpense 185,809us-gaap_SellingGeneralAndAdministrativeExpense
GOODWILL IMPAIRMENT 727us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss
GAIN ON SALE OF ASSETS (830)us-gaap_GainLossOnDispositionOfAssets (589)us-gaap_GainLossOnDispositionOfAssets (491)us-gaap_GainLossOnDispositionOfAssets
Operating income 42,222us-gaap_OperatingIncomeLoss 46,258us-gaap_OperatingIncomeLoss 22,303us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE):      
Interest income 18us-gaap_InvestmentIncomeInterest 23us-gaap_InvestmentIncomeInterest 24us-gaap_InvestmentIncomeInterest
Interest expense (1,858)us-gaap_InterestExpense (1,351)us-gaap_InterestExpense (1,595)us-gaap_InterestExpense
Changes in the fair value of contingent earn-out obligations (245)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 1,646us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 662us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Other 91us-gaap_OtherNonoperatingIncome 204us-gaap_OtherNonoperatingIncome 145us-gaap_OtherNonoperatingIncome
Other income (expense) (1,994)us-gaap_NonoperatingIncomeExpense 522us-gaap_NonoperatingIncomeExpense (764)us-gaap_NonoperatingIncomeExpense
INCOME BEFORE INCOME TAXES 40,228us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 46,780us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 21,539us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
INCOME TAX EXPENSE 11,614us-gaap_IncomeTaxExpenseBenefit 18,148us-gaap_IncomeTaxExpenseBenefit 10,045us-gaap_IncomeTaxExpenseBenefit
INCOME FROM CONTINUING OPERATIONS 28,614us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 28,632us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 11,494us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income (loss) from discontinued operations, net of income tax expense (benefit) of $(10) , $(119) and $212 (15)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax (76)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax 355us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
NET INCOME INCLUDING NONCONTROLLING INTERESTS 28,599us-gaap_ProfitLoss 28,556us-gaap_ProfitLoss 11,849us-gaap_ProfitLoss
Less: Net income (loss) attributable to noncontrolling interests 5,536us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 1,287us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (1,614)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
NET INCOME ATTRIBUTABLE TO COMFORT SYSTEMS USA, INC. $ 23,063us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 27,269us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 13,463us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic-      
Income from continuing operations (in dollars per share) $ 0.61us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.73us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.35us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Income from discontinued operations (in dollars per share)     $ 0.01us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
Net income (in dollars per share) $ 0.61us-gaap_EarningsPerShareBasic $ 0.73us-gaap_EarningsPerShareBasic $ 0.36us-gaap_EarningsPerShareBasic
Diluted-      
Income from continuing operations (in dollars per share) $ 0.61us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.73us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.35us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Income from discontinued operations (in dollars per share)     $ 0.01us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
Net income (in dollars per share) $ 0.61us-gaap_EarningsPerShareDiluted $ 0.73us-gaap_EarningsPerShareDiluted $ 0.36us-gaap_EarningsPerShareDiluted
SHARES USED IN COMPUTING INCOME PER SHARE:      
Basic (in shares) 37,547us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 37,245us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 37,112us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 37,797us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,536us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 37,259us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
DIVIDENDS PER SHARE (in dollars per share) $ 0.225us-gaap_CommonStockDividendsPerShareDeclared $ 0.210us-gaap_CommonStockDividendsPerShareDeclared $ 0.200us-gaap_CommonStockDividendsPerShareDeclared