Annual report pursuant to section 13 and 15(d)

RESTATEMENT OF FINANCIAL STATEMENTS (Tables)

v2.4.0.6
RESTATEMENT OF FINANCIAL STATEMENTS (Tables)
12 Months Ended
Dec. 31, 2012
RESTATEMENT OF FINANCIAL STATEMENTS [Abstract]  
Effects of restatement
The effects of the restatement are as follows:

   
December 31, 2012
 
   
As Reported
   
As Restated
 
   
(thousands of dollars)
 
Consolidated Balance Sheets
           
Investment in AMAK
  $ 38,971     $ 37,894  
Total Assets
    121,453       120,376  
Retained Earnings
    36,428       35,351  
Total Arabian American Development Company Stockholders' Equity
    83,020       81,943  
Total Equity
    83,309       82,232  
Total Liabilities and Equity
    121,453       120,376  

Consolidated Statements of Income
           
Equity in earnings (loss) of AMAK
  $ 866     $ (211 )
Income before income tax expense
    17,302       16,226  
Net income
    11,398       10,321  
Net income attributable to Arabian American Development Company
    11,398       10,321  
Net income per common share:
               
Basic earnings per share (dollars)
  $ 0.47     $ 0.43  
Diluted earnings per share (dollars)
  $ 0.46     $ 0.42  

             
Consolidated Statements of Comprehensive Income
           
Net Income
  $ 11,398     $ 10,321  
Comprehensive Income
    11,566       10,489  

Consolidated Statement of Stockholders' Equity
           
Net Income
  $ 11,398     $ 10,321  
Retained Earnings
    36,428       35,351  
Total
    83,020       81,943  
Total Equity
    83,309       82,232  

Consolidated Statements of Cash Flows
           
Operating Activities
           
Net income attributable to Arabian American
  Development Company
  $ 11,398     $ 10,321  
Equity in (income) loss of AMAK
    (866 )     211