Income and Comprehensive Income (USD $) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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| Revenue: | ||||
| Energy efficiency revenue | $ 188,718,434 | $ 147,863,350 | $ 418,697,750 | $ 323,578,578 |
| Renewable energy revenue | 39,085,134 | 44,038,079 | 121,007,530 | 115,305,944 |
| Total Revenue | 227,803,568 | 191,901,429 | 539,705,280 | 438,884,522 |
| Direct expenses: | ||||
| Energy efficiency expenses | 155,890,159 | 121,906,348 | 344,499,360 | 267,495,450 |
| Renewable energy expenses | 32,058,319 | 35,114,345 | 95,216,122 | 91,955,471 |
| Total Direct Expenses | 187,948,478 | 157,020,693 | 439,715,482 | 359,450,921 |
| Gross profit | 39,855,090 | 34,880,736 | 99,989,798 | 79,433,601 |
| Operating expenses: | ||||
| Salaries and benefits | 10,984,929 | 8,409,014 | 29,232,330 | 21,893,756 |
| Project development costs | 5,174,930 | 2,716,616 | 14,839,723 | 7,893,558 |
| General, administrative and other | 7,286,542 | 4,841,508 | 17,848,103 | 16,156,553 |
| Total Operating Expenses | 23,446,401 | 15,967,138 | 61,920,156 | 45,943,867 |
| Operating income | 16,408,689 | 18,913,598 | 38,069,642 | 33,489,734 |
| Other expenses, net (Note 10) | (1,359,913) | (2,010,030) | (3,248,919) | (4,082,417) |
| Income before provision for income taxes | 15,048,776 | 16,903,568 | 34,820,723 | 29,407,317 |
| Income tax provision | (2,690,196) | (4,862,651) | (8,341,730) | (8,381,084) |
| Net income | 12,358,580 | 12,040,917 | 26,478,993 | 21,026,233 |
| Other comprehensive income (loss): | ||||
| Unrealized loss from interest rate hedge, net of tax | (1,775,890) | (746,087) | (1,991,877) | (2,297,667) |
| Foreign currency translation adjustment | (2,267,225) | 879,842 | (1,377,463) | 689,797 |
| Comprehensive income | $ 8,315,465 | $ 12,174,672 | $ 23,109,653 | $ 19,418,363 |
| Net income per share attributable to common shareholders: | ||||
| Basic | $ 0.29 | $ 0.35 | $ 0.63 | $ 1.02 |
| Diluted | $ 0.27 | $ 0.28 | $ 0.58 | $ 0.53 |
| Weighted average common shares outstanding: | ||||
| Basic | 43,116,861 | 34,434,352 | 42,275,367 | 20,563,849 |
| Diluted | 46,308,032 | 43,445,391 | 45,377,104 | 39,513,507 |
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- Definition Renewable energy expenses
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- Definition Renewable energy revenue
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- Definition The aggregate costs related to construction and development services during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition Cost incurred in providing energy services during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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- Details
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- Definition The net result for the period of deducting operating expenses from operating revenues.
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- Definition Net of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges after taxes. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase or decrease in deferred hedging gains or losses. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity for the period being reported, net of tax. If an entity's functional currency is a foreign currency, translation adjustments result from the process of translating that entity's financial statements into the reporting currency. Includes gain (loss) on foreign currency forward exchange contracts. Includes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. Includes the gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) and that have been designated and have qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents Other Comprehensive Income or Loss, Net of Tax, for the period. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition Expenditures for salaries other than officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue derived from energy-related services such as supplying various forms of energy from the operation of on-site facilities or cogeneration plants and procurement services provided to energy purchasers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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