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