XML 48 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
Jul. 31, 2011
Net revenues        
Net revenues $ 82,619,000 $ 26,342,000 $ 146,309,000 $ 42,335,000
Cost of revenues        
Cost of revenues 69,740,000 21,695,000 123,329,000 33,790,000
Gross profit 12,879,000 4,647,000 22,980,000 8,545,000
Selling, general and administrative expenses 3,297,000 2,374,000 6,325,000 5,133,000
Income from operations 9,582,000 2,273,000 16,655,000 3,412,000
Other (expense) income, net (10,000) 29,000 (19,000) 51,000
Income from continuing operations before income taxes 9,572,000 2,302,000 16,636,000 3,463,000
Income tax expense 3,591,000 782,000 6,108,000 1,198,000
Income from continuing operations 5,981,000 1,520,000 10,528,000 2,265,000
Discontinued operations        
Income (loss) on discontinued operations (including gains on disposal of $1,076,000 and $1,228,000 for the three and six months ended July 31, 2011, respectively)   874,000 (405,000) 809,000
Income tax (expense) benefit   (324,000) 120,000 (398,000)
Income (loss) on discontinued operations   550,000 (285,000) 411,000
Net income 5,981,000 2,070,000 10,243,000 2,676,000
Add - Loss attributable to noncontrolling interest 220,000   396,000  
Net income attributable to stockholders of Argan 6,201,000 2,070,000 10,639,000 2,676,000
Continuing operations (Note 12)        
Basic $ 0.45 $ 0.11 $ 0.8 $ 0.17
Diluted $ 0.45 $ 0.11 $ 0.78 $ 0.17
Discontinued operations        
Basic   $ 0.04 $ (0.02) $ 0.03
Diluted   $ 0.04 $ (0.02) $ 0.03
Net income        
Basic $ 0.45 $ 0.15 $ 0.78 $ 0.20
Diluted $ 0.45 $ 0.15 $ 0.76 $ 0.20
Weighted average number of shares outstanding:        
Basic 13,697,000 13,603,000 13,680,000 13,602,000
Diluted 13,935,000 13,717,000 13,952,000 13,699,000
Telecommunications Infrastructure Services
       
Net revenues        
Net revenues 4,510,000 1,952,000 10,472,000 3,926,000
Cost of revenues        
Cost of revenues 3,558,000 1,617,000 8,163,000 3,231,000
Gross profit 952,000 335,000 2,309,000 695,000
Selling, general and administrative expenses 441,000 339,000 881,000 736,000
Income from operations 511,000 (4,000) 1,428,000 (41,000)
Income from continuing operations before income taxes 511,000 (4,000) 1,428,000 (41,000)
Power Industry Services
       
Net revenues        
Net revenues 78,109,000 24,390,000 135,837,000 38,409,000
Cost of revenues        
Cost of revenues 66,182,000 20,078,000 115,166,000 30,559,000
Gross profit 11,927,000 4,312,000 20,671,000 7,850,000
Selling, general and administrative expenses 1,932,000 1,332,000 3,491,000 2,745,000
Income from operations 9,995,000 2,980,000 17,180,000 5,105,000
Income from continuing operations before income taxes $ 9,984,000 $ 3,004,000 $ 17,160,000 $ 5,144,000