HECLA MINING COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIvE INCOME  (Dollars and shares in thousands, except per share amounts) Year Ended December 31,  2012 2011 2010 Sales of products $ 321,143  $ 477,634  $ 418,813 Cost of sales and other direct production costs  134,105  165,573  163,983 Depreciation, depletion and amortization  43,522  47,066  60,011 Total cost of sales  177,627  212,639  223,994  Gross profit 143,516  264,995  194,819  Other operating expenses:  General and administrative 21,253 18,540 18,219 Exploration 31,822 26,959 21,605 Pre-development 17,916 4,446 — Other operating expense 4,423 7,658 5,334 Loss on disposition of property, plants, equipment and mineral interests  275  —  80 Lucky Friday suspension-related costs 25,309 — — Provision for closed operations and environmental matters  4,652  9,747  201,136 Total other operating expense  105,650  67,350  246,374 Income (loss) from operations  37,866  197,645  (51,555) Other income (expense):  Gain (loss) on derivative contracts  (10,457)  37,988  (20,758) Net gain on sale of investments  —  611  588 Loss on impairment of investments  (1,171)  (140)  (739) Interest and other income (expense)  22  (87)  126 Interest expense (2,427)  (2,875)  (2,211) Total other income (expense):  (14,033)  35,497  (22,994) Income (loss) before income taxes  23,833  233,142  (74,549) Income tax benefit (provision) (8,879)  (81,978)  123,532 Net income 14,954 151,164 48,983 Preferred stock dividends (552)  (552)  (13,633) Income applicable to common shareholders  $ 14,402  $ 150,612  $ 35,350 Comprehensive income:  Net income $ 14,954 $ 151,164 $ 48,983 Unrealized gain (loss) and amortization of prior service on pension plans  (1,644)  (7,754)  (1,653) Unrealized holding gains (losses) on investments  53  (767)  (21) Reclassification of impairment of investments included in net income  1,171  140  739 Total change in accumulated other comprehensive loss, net  $ (420)  $ (8,381)  $ (935) Comprehensive income $ 14,534  $ 142,783  $ 48,048 Basic income per common share after preferred dividends  $ 0.05  $ 0.54  $ 0.14 Diluted income per common share after preferred dividends  $ 0.05  $ 0.51  $ 0.13 Weighted average number of common shares outstanding – basic  285,375  280,956  251,146 Weighted average number of common shares outstanding – diluted 297,566  297,033  269,601 The accompanying notes are an integral part of the consolidated financial statements. F-4 [ HL:10-K ] 