Annual report pursuant to section 13 and 15(d)

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)

RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Tables)

12 Months Ended

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	)