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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales      
Manufactured products (including sales to related parties amounting to $4,144, $3,806 and $3,663 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17)) $ 429,474 $ 396,059 $ 264,128
Distributed products 25,500 26,935 28,102
Supply, delivery and installation of wires and cables 16,972 23,600 34,008
Net sales, total 471,946 446,594 326,238
Costs of sales      
Manufactured products (including purchases from related parties amounting to $36,327, $45,925 and $46,953 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17)) (386,598) (342,630) (249,840)
Distributed products (including purchases from related parties amounting to $23,458, $4,056 and $7,484 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17)) (22,545) (25,557) (26,585)
Supply, delivery and installation of wires and cables (16,915) (23,358) (33,119)
Inventory impairment (1,993) 1,974 23,949
Cost of sales, total (428,051) (389,571) (285,595)
Gross profit 43,895 57,023 40,643
Selling, general and administrative expenses (30,760) (28,965) (24,259)
Recovery for doubtful accounts 1,487 940 108
Impairment of long-lived assets 0 0 (77)
Impairment of investments 0 (346) 0
Impairment of goodwill (note 6) (8,791) 0 0
Charges related to flooding (note 14) (3,947) 0 0
Income from operations 1,884 28,652 16,415
Exchange gain (loss), net (1,346) 3,041 507
Interest income 1,409 492 458
Interest expense (2,217) (1,364) (1,597)
Share of net loss of equity investees (58) (21) (40)
Gain on liquidation of subsidiaries 0 0 568
Loss on disposal of available-for-sale securities (note 7) (68) 0 0
Other income, net 1,032 1,032 2,111
Income from continuing operations before income taxes 636 31,832 18,422
Income taxes (note 11) (4,566) (6,441) (4,647)
Net income (loss) from continuing operations (3,930) 25,391 13,775
Discontinued operations (note 19)      
Income from operations of discontinued SPFO (including gain on disposal of $1,962 for the year ended December 31, 2011, purchases from related parties amounting to $nil, $4 and $317, and sales to related parties amounting to $nil, $54 and $693 for the years ended December 31, 2009, 2010 and 2011, respectively (note 17)) 1,075 446 1,150
Income taxes (229) (450) (697)
(Loss) Income from discontinued operations 846 (4) 453
Net income (loss) (3,084) 25,387 14,228
Net income attributable to non-controlling interests 2,355 11,247 4,139
Income (loss) attributable to APWC $ (5,439) $ 14,140 $ 10,089
Basic and diluted earnings (loss) per share from continuing operations $ (0.49) $ 1.02 $ 0.71
Basic and diluted earnings (loss) per share from discontinued operations $ 0.10 $ 0.00 $ 0.02
Basic and diluted earnings (loss) per share $ (0.39) $ 1.02 $ 0.73
Basic and diluted weighted average common shares outstanding 13,830,769 13,830,769 13,830,769