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 |
|
|