XML 60 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Dec. 31, 2010
Dec. 31, 2009
Revenues:            
Product         $ 1,282,212 $ 1,279,181
Service and other         1,129,772 829,069
Revenues 820,317 594,532 1,580,758 1,126,877 2,411,984 2,108,250
Costs and expenses:            
Product costs         1,147,427 1,109,769
Service and other costs         726,867 530,429
Cost of sales and services 616,778 469,482 1,191,176 875,992    
Selling, general and administrative expenses 42,765 37,183 86,472 72,336 150,865 139,293
Depreciation and amortization expense 45,238 30,600 90,390 61,678 124,202 118,108
Impairment of goodwill           94,528
Acquisition related expenses         6,959  
Other operating (income) expense 373 (486) 2,781 (687) 82 (2,606)
Total operating expenses 705,154 536,779 1,370,819 1,009,319 2,156,402 1,989,521
Operating income 115,163 57,753 209,939 117,558 255,582 118,729
Interest expense, net of capitalized interest (12,532) (3,500) (22,781) (6,971) (16,274) (15,266)
Interest income 235 103 1,248 181 751 380
Equity in earnings of unconsolidated affiliates 2 34 53 64 239 1,452
Other income/ (expense) 488 (192) 631 570 330 414
Income before income taxes 103,356 54,198 189,090 111,402 240,628 105,709
Income tax expense (28,887) (16,590) (52,270) (33,379) (72,023) (46,097)
Net income 74,469 37,608 136,820 78,023 168,605 59,612
Less: Net income attributable to noncontrolling interest 226 131 500 303 587 498
Net income attributable to Oil States International, Inc. $ 74,243 $ 37,477 $ 136,320 $ 77,720 $ 168,018 $ 59,114
Net income per share attributable to Oil States International, Inc. common stockholders            
Basic $ 1.45 $ 0.75 $ 2.67 $ 1.55 $ 3.34 $ 1.19
Diluted $ 1.34 $ 0.71 $ 2.48 $ 1.49 $ 3.19 $ 1.18
Weighted average number of common shares outstanding:            
Basic 51,231 50,146 51,083 50,021 50,238 49,625
Diluted 55,270 52,455 55,061 52,188 52,700 50,219