Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES    
Petrochemical Product Sales $ 51,620 [1] $ 55,829 [1]
Processing Fees 1,125 [1] 966 [1]
Total Revenues 52,745 [1] 56,795 [1]
OPERATING COSTS AND EXPENSES    
Cost of Sales and Processing (including depreciation of $825, and $724, respectively) 46,066 [1] 50,077 [1]
GROSS PROFIT 6,679 [1] 6,718 [1]
GENERAL AND ADMINISTRATIVE EXPENSES    
General and Administrative 3,505 [1] 2,987 [1]
Depreciation 129 [1] 124 [1]
Total General and Administrative Expenses 3,634 [1] 3,111 [1]
OPERATING INCOME 3,045 [1] 3,607 [1]
OTHER INCOME (EXPENSE)    
Interest Income 1 [1] 0 [1]
Interest Expense (117) [1] (165) [1]
Losses on Cash Flow Hedge Reclassified from OCI (78) [1] (94) [1]
Equity in earnings (loss) of AMAK 2,964 [1] (213) [1]
Miscellaneous Income (Expense) (18) [1] (73) [1]
Total other income (expenses) 2,752 [1] (545) [1]
INCOME BEFORE INCOME TAXES 5,797 [1] 3,062 [1]
INCOME TAXES 1,011 [1] 1,067 [1]
NET INCOME 4,786 [1] 1,995 [1]
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 [1] 0 [1]
NET INCOME ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT COMPANY $ 4,786 [1] $ 1,995 [1]
Basic Earnings per Common Share    
Net Income Attributable to Arabian American Development Company (in dollars per share) $ 0.20 [1] $ 0.08 [1]
Basic Weighted Average Number of Common Shares Outstanding (in shares) 24,105 [1] 24,043 [1]
Diluted Earnings per Common Share    
Net Income Attributable to Arabian American Development Company (in dollars per share) $ 0.19 [1] $ 0.08 [1]
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 24,658 [1] 24,977 [1]
[1] Restated - See Notes 2 and 3