|
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
| Revenue |
|
|
|
| Diversified industrial net sales |
$ 629,396 |
$ 634,964 |
$ 367,124 |
| Energy net sales |
92,834 |
32,984 |
0 |
| Financial services revenue |
21,155 |
14,921 |
10,803 |
| Investment and other income |
2,347 |
867 |
4,418 |
| Net investment gains (losses) |
15,722 |
(4,352) |
24,050 |
| Total revenue |
761,454 |
679,384 |
406,395 |
| Costs and expenses |
|
|
|
| Cost of goods sold |
514,466 |
492,051 |
277,450 |
| Selling, general and administrative expenses |
166,841 |
134,002 |
83,607 |
| Impairment charges |
1,602 |
1,505 |
0 |
| Finance interest expense |
1,176 |
1,571 |
2,022 |
| (Recovery of) provision for loan losses |
(415) |
8 |
(420) |
| Interest expense |
13,429 |
12,424 |
12,123 |
| Realized and unrealized (gain) loss on derivatives |
(1,352) |
397 |
5,164 |
| Management fees - related party |
7,424 |
8,169 |
7,531 |
| Deferred fee liability to related party - increase (decrease) |
11,448 |
(6,107) |
6,268 |
| Other income |
700 |
(7,655) |
0 |
| Total costs and expenses |
715,319 |
636,365 |
393,745 |
| Income from continuing operations before income taxes and equity method income (loss) |
46,135 |
43,019 |
12,650 |
| Income tax provision (benefit) |
17,647 |
(65,119) |
2,522 |
| Income from equity method investments and investments held at fair value: |
|
|
|
| Income (Loss) of associated companies, net of taxes |
14,204 |
(13,823) |
10,305 |
| Loss from other investments - related party |
(8,329) |
(15,743) |
(3,220) |
| Income (Loss) from investments held at fair value |
18,967 |
(183) |
(411) |
| Net income from continuing operations |
53,330 |
78,389 |
16,802 |
| Discontinued operations: |
|
|
|
| Income (Loss) from discontinued operations, net of taxes |
3,272 |
1,917 |
(1,648) |
| Gain on sale of discontinued operations, net of taxes |
7,163 |
971 |
31,292 |
| Income from discontinued operations |
10,435 |
2,888 |
29,644 |
| Net income |
63,765 |
81,277 |
46,446 |
| Net income attributable to noncontrolling interests in consolidated entities: |
|
|
|
| Continuing operations |
(17,977) |
(44,521) |
(248) |
| Discontinued operations |
(4,770) |
(1,287) |
(14,451) |
| Net (income) attributable to noncontrolling interests in consolidated entities |
(22,747) |
(45,808) |
(14,699) |
| Net income attributable to common unitholders |
$ 41,018 |
$ 35,469 |
$ 31,747 |
| Net income per common unit - basic |
|
|
|
| Net income from continuing operations (in dollars per unit) |
1.19 |
1.34 |
0.66 |
| Net income from discontinued operations (in dollars per unit) |
0.19 |
0.07 |
0.60 |
| Net income attributable to common unitholders (in dollars per unit) |
1.38 |
1.41 |
1.26 |
| Net income per common unit - diluted (in dollars per unit) |
|
|
|
| Net income from continuing operations (in dollars per unit) |
1.19 |
0.94 |
0.60 |
| Net income from discontinued operations (in dollars per unit) |
0.19 |
0.05 |
0.56 |
| Net income attributable to common unitholders (in dollars per unit) |
1.38 |
0.99 |
1.16 |
| Weighted average number of common units outstanding - basic (in shares) |
29,748,746 |
25,232,985 |
25,234,827 |
| Weighted average number of common units outstanding - diluted (in shares) |
29,774,527 |
29,669,582 |
27,482,804 |