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RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2012
RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS [Abstract] |
Schedule of restatements, Consolidated Balance Sheets | The following table summarizes the impact of the restatements on each affected line of the Company's Consolidated Balance Sheets as of December 31, 2012 and December 31, 2011:
|  | December 31, 2012 |  |  | December 31, 2011 |
(Amounts in Thousands) |  | As Reported |  |  | Adjustment |  |  | As Restated |  |  | As Reported |  |  | Adjustment |  |  | As Restated |
Deferred tax assets - current |  | $ | 1,553 |  |  | $ | (237 | ) |  | $ | 1,316 |  |  | $ | 3,853 |  |  | $ | (488 | ) |  | $ | 3,365 |
Total current assets |  |  | 30,447 |  |  |  | (237 | ) |  |  | 30,210 |  |  |  | 50,762 |  |  |  | (488 | ) |  |  | 50,274 |
Deferred tax asset, net of liabilities |  |  | 1,103 |  |  |  | (1,103 | ) |  |  | - |  |  |  | 1,435 |  |  |  | (1,435 | ) |  |  | - |
Total assets |  |  | 141,031 |  |  |  | (1,340 | ) |  |  | 139,691 |  |  |  | 165,577 |  |  |  | (1,923 | ) |  |  | 163,654 |
Accrued expenses |  |  | 6,254 |  |  |  | 418 |  |  |  | 6,672 |  |  |  | 9,434 |  |  |  | - |  |  |  | 9,434 |
Total current liabilities |  |  | 27,140 |  |  |  | 418 |  |  |  | 27,558 |  |  |  | 42,740 |  |  |  | - |  |  |  | 42,740 |
Deferred tax liabilities |  |  | - |  |  |  | 1,340 |  |  |  | 1,340 |  |  |  | - |  |  |  | 4,088 |  |  |  | 4,088 |
Total long-term liabilities |  |  | 25,254 |  |  |  | 1,340 |  |  |  | 26,594 |  |  |  | 28,517 |  |  |  | 4,088 |  |  |  | 32,605 |
Total liabilities |  |  | 52,394 |  |  |  | 1,758 |  |  |  | 54,152 |  |  |  | 71,257 |  |  |  | 4,088 |  |  |  | 75,345 |
Accumulated deficit |  |  | (16,005 | ) |  |  | (3,098 | ) |  |  | (19,103 | ) |  |  | (9,733 | ) |  |  | (6,011 | ) |  |  | (15,744 | )
Total Perma-Fix Environmental |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Services, Inc. stockholders' equity |  |  | 86,780 |  |  |  | (3,098 | ) |  |  | 83,682 |  |  |  | 92,643 |  |  |  | (6,011 | ) |  |  | 86,632 |
Total stockholders' equity |  |  | 87,352 |  |  |  | (3,098 | ) |  |  | 84,254 |  |  |  | 93,035 |  |  |  | (6,011 | ) |  |  | 87,024 |
Total liabilities and stockholders' equity |  | $ | 141,031 |  |  | $ | (1,340 | ) |  | $ | 139,691 |  |  | $ | 165,577 |  |  | $ | (1,923 | ) |  | $ | 163,654 |
Schedule of restatements, Consolidated Statements of Operations | The following table summarizes the impact of the restatements on each affected line of the Company's Consolidated Statements of Operations for the years ended December 31, 2012, December 31, 2011 and December 31 2010:
|  | December 31, 2012 |  |  | December 31, 2011 |  |  | December 31, 2010 |
(Amounts in Thousands) |  | As Reported |  |  | Adjustment |  |  | As Restated |  |  | As Reported |  |  | Adjustment |  |  | As Restated |  |  | As Reported |  |  | Adjustment |  |  | As Restated |
Income tax expense (benefit) |  | $ | 1,250 |  |  | $ | (3,401 | ) |  | $ | (2,151 | ) |  | $ | (1,095 | ) |  | $ | 5,173 |  |  | $ | 4,078 |  |  | $ | 1,846 |  |  | $ | (1,611 | ) |  | $ | 235 |
(Loss) income from continuing operations |  | $ | (6,550 | ) |  | $ | 3,401 |  |  | $ | (3,149 | ) |  | $ | 11,572 |  |  | $ | (5,173 | ) |  | $ | 6,399 |  |  | $ | 3,271 |  |  | $ | 1,611 |  |  | $ | 4,882 |
Income (loss) from discontinued operations, net of taxes |  | $ | 458 |  |  | $ | (488 | ) |  | $ | (30 | ) |  | $ | 777 |  |  | $ | (595 | ) |  | $ | 182 |  |  | $ | (663 | ) |  | $ | (256 | ) |  | $ | (919 | )
Net (loss) income |  | $ | (6,092 | ) |  | $ | 2,913 |  |  | $ | (3,179 | ) |  | $ | 13,858 |  |  | $ | (5,768 | ) |  | $ | 8,090 |  |  | $ | 2,608 |  |  | $ | 1,355 |  |  | $ | 3,963 |
Net (loss) income attributable to Perma-Fix Environmental Services, Inc. common stockholders |  | $ | (6,272 | ) |  | $ | 2,913 |  |  | $ | (3,359 | ) |  | $ | 13,836 |  |  | $ | (5,768 | ) |  | $ | 8,068 |  |  | $ | 2,608 |  |  | $ | 1,355 |  |  | $ | 3,963 |
Net (loss) income attributable to Perma-Fix Environmental Services, Inc. common stockholders - basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (.60 | ) |  | $ | .30 |  |  | $ | (.30 | ) |  | $ | 1.04 |  |  | $ | (.46 | ) |  | $ | .58 |  |  | $ | .30 |  |  | $ | .14 |  |  | $ | .44 |
Discontinued operations |  | $ | .04 |  |  | $ | (.04 | ) |  | $ | - |  |  | $ | .07 |  |  | $ | (.06 | ) |  | $ | .01 |  |  | $ | (.06 | ) |  | $ | (.02 | ) |  | $ | (.08 | )
Net (loss) income per common share |  | $ | (.56 | ) |  | $ | .26 |  |  | $ | (.30 | ) |  | $ | 1.25 |  |  | $ | (.52 | ) |  | $ | .73 |  |  | $ | .24 |  |  | $ | .12 |  |  | $ | .36 |
Net (loss) income attributable to Perma-Fix Environmental Services, Inc. common stockholders - diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (.60 | ) |  | $ | .30 |  |  | $ | (.30 | ) |  | $ | 1.04 |  |  | $ | (.46 | ) |  | $ | .58 |  |  | $ | .30 |  |  | $ | .14 |  |  | $ | .44 |
Discontinued operations |  | $ | .04 |  |  | $ | (.04 | ) |  | $ | - |  |  | $ | .07 |  |  | $ | (.06 | ) |  | $ | .01 |  |  | $ | (.06 | ) |  | $ | (.02 | ) |  | $ | (.08 | )
Net (loss) income per common share |  | $ | (.56 | ) |  | $ | .26 |  |  | $ | (.30 | ) |  | $ | 1.25 |  |  | $ | (.52 | ) |  | $ | .73 |  |  | $ | .24 |  |  | $ | .12 |  |  | $ | .36 |
Schedule of restatements, Consolidated Statements of Comprehensive (Loss) Income | The following table summarizes the impact of the restatements on each affected line of the Company's Consolidated Statements of Comprehensive (Loss) Income years ended December 31, 2012, December 31, 2011 and December 31 2010:
|  | December 31, 2012 |  |  | December 31, 2011 |  |  | December 31, 2010 |
(Amounts in Thousands) |  | As Reported |  |  | Adjustment |  |  | As Restated |  |  | As Reported |  |  | Adjustment |  |  | As Restated |  |  | As Reported |  |  | Adjustment |  |  | As Restated |
Net (loss) income |  | $ | (6,092 | ) |  | $ | 2,913 |  |  | $ | (3,179 | ) |  | $ | 13,858 |  |  | $ | (5,768 | ) |  | $ | 8,090 |  |  | $ | 2,608 |  |  | $ | 1,355 |  |  | $ | 3,963 |
Comprehensive (loss) income |  | $ | (6,091 | ) |  | $ | 2,913 |  |  | $ | (3,178 | ) |  | $ | 13,855 |  |  | $ | (5,768 | ) |  | $ | 8,087 |  |  | $ | 2,608 |  |  | $ | 1,355 |  |  | $ | 3,963 |
Comprehensive (loss) income attributable to Perma-Fix Environmental Services, Inc. common stockholders |  | $ | (6,271 | ) |  | $ | 2,913 |  |  | $ | (3,358 | ) |  | $ | 13,833 |  |  | $ | (5,768 | ) |  | $ | 8,065 |  |  | $ | 2,608 |  |  | $ | 1,355 |  |  | $ | 3,963 |
Schedule of restatements, Consolidated Statements of Cash Flows | The following table summarizes the impact of the restatements on each affected line of the Company's Consolidated Statements of Cash Flows for the years ended December 31, 2012, December 31, 2011 and December 31 2010:
|  | December 31, 2012 |  |  | December 31, 2011 |  |  | December 31, 2010 |
(Amounts in Thousands) |  | As Reported |  |  | Adjustment |  |  | As Restated |  |  | As Reported |  |  | Adjustment |  |  | As Restated |  |  | As Reported |  |  | Adjustment |  |  | As Restated |
Net (loss) income |  | $ | (6,092 | ) |  | $ | 2,913 |  |  | $ | (3,179 | ) |  | $ | 13,858 |  |  | $ | (5,768 | ) |  | $ | 8,090 |  |  | $ | 2,608 |  |  | $ | 1,355 |  |  | $ | 3,963 |
Less: income (loss) on discontinued operations |  | $ | 458 |  |  | $ | (488 | ) |  | $ | (30 | ) |  | $ | 2,286 |  |  | $ | (595 | ) |  | $ | 1,691 |  |  | $ | (663 | ) |  | $ | (256 | ) |  | $ | (919 | )
(Loss) income from continuing operations |  | $ | (6,550 | ) |  | $ | 3,401 |  |  | $ | (3,149 | ) |  | $ | 11,572 |  |  | $ | (5,173 | ) |  | $ | 6,399 |  |  | $ | 3,271 |  |  | $ | 1,611 |  |  | $ | 4,882 |
Adjustment to reconcile net income from continuing operations to cash provided by operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred tax expense (benefit) |  | $ | 1,630 |  |  | $ | (1,864 | ) |  | $ | (234 | ) |  | $ | (3,230 | ) |  | $ | 5,173 |  |  | $ | 1,943 |  |  | $ | 1,819 |  |  | $ | (1,611 | ) |  | $ | 208 |
Prepaid expenses, inventories and other assets |  | $ | 4,800 |  |  | $ | (1,955 | ) |  | $ | 2,845 |  |  | $ | 1,494 |  |  | $ | - |  |  | $ | 1,494 |  |  | $ | 1,789 |  |  | $ | - |  |  | $ | 1,789 |
Accounts payable, accrued expenses and unearned revenue |  | $ | (12,049 | ) |  | $ | 418 |  |  | $ | (11,631 | ) |  | $ | 4 |  |  | $ | - |  |  | $ | 4 |  |  | $ | (7,289 | ) |  | $ | - |  |  | $ | (7,289 | )

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