Annual report pursuant to section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Customers accounting for 10% or more of total revenues generated from continuing operations
The following customers accounted for 10% or more of the total revenues generated from continuing operations for twelve months ended December 31, 2012, 2011, and 2010:

 
        
Total
    
% of Total
  
Customer
  
Year
    
Revenue
    
Revenue
  
CH Plateau Remediation Company ("CHPRC")
    
2012
    
$
24,652,000
      
19.3
%
 
    
2011
    
$
59,136,000
      
50.1
%
 
    
2010
    
$
51,929,000
      
53.1
%
 
                        
Department of Energy ("DOE")
    
2012
    
$
26,265,000
      
20.6
%
 
    
2011
    
$
4,136,000
      
3.5
%
 
    
2010
    
$
0
      
0.0
%

Receivable balance for each customer representing more than 10% of consolidated receivable
The outstanding receivable balance for each customer representing more than 10% of consolidated accounts receivable is ("AR") as follows:

 
        
Total
    
% of Total
  
Customer
  
Year
    
AR
    
AR
  
DOE
    
2012
    
$
1,753,000
      
15.4
%
 
    
2011
    
$
2,656,000
      
15.8
%
 
                        
Clauss Construction
    
2012
    
$
3,343,000
      
29.3
%
 
    
2011
    
$
3,114,000
      
18.5
%

Reconciliation of basic net income (loss) per share to diluted net (loss) income per share
The following is a reconciliation of basic net (loss) income per share to diluted net (loss) income per share for the years ended December 31, 2012, 2011, and 2010:

  
(Restated)
    
(Restated)
    
(Restated)
  
(Amounts in Thousands, Except for Per Share Amounts)
  
2012
    
2011
    
2010
  
 
                  
(Loss) income per share from continuing operations attributable to Perma-Fix Environmental Services, Inc. common stockholders
                  
(Loss) income from continuing operations
  
$
(3,329
)
  
$
6,377
    
$
4,882
  
Basic (loss) income per share
  
$
(.30
)
  
$
.58
    
$
.44
  
Diluted (loss) income per share
  
$
(.30
)
  
$
.58
    
$
.44
  
 
                        
Income (loss) per share from discontinued operations attributable to Perma-Fix Environmental Services, Inc. common stockholders
                        
(loss) Income from discontinued operations
  
$
(30
)
  
$
182
    
$
(919
)
Basic income (loss) per share
   $
¾
    
$
.01
    
$
(.08
)
Diluted income (loss) per share
   $
¾
    
$
.01
    
$
(.08
)
 
                        
Income per share from disposal of discontinued operations attributable to Perma-Fix Environmental Services, Inc. common stockholders
                        
Gain on disposal of discontinued operations
   $
¾
    
$
1,509
     $
¾
  
Basic income per share
   $
¾
    
$
.14
     $
¾
  
Diluted income per share
   $
¾
    
$
.14
     $
¾
  
 
                        
Weighted average common shares outstanding – basic
    
11,225
      
11,059
      
10,989
  
Potential shares exercisable under stock option plans
    
¾
      
4
      
11
  
Potential shares upon exercise of warrants
    
¾
      
¾
      
5
  
Weighted average common shares outstanding – diluted
    
11,225
      
11,063
      
11,006
  
 
                        
 
Potential shares excluded from above weighted average share calculations due to their anti-dilutive effect
 
                        
Potential shares excluded from above weighted average share calculations due to their anti-dilutive effect include:
                        
Upon exercise of options
    
517
      
510
      
439
  
Upon exercise of Warrants
    
¾
      
30
      
¾