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Earnings (Loss) Per Share - Reconciliation of Earnings (Loss) Per Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
[1],[2]
Jun. 30, 2017
[1],[2]
Mar. 31, 2017
[1],[2]
Dec. 31, 2016
[2]
Sep. 30, 2016
[2]
Jun. 30, 2016
[2]
Mar. 31, 2016
[2]
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Earnings Per Share [Abstract]                      
Net Income (loss) $ 93,758 [1],[2] $ (18,950) $ (19,489) $ (27,898) $ (19,243) $ (16,503) $ (20,586) $ (7,514) $ 27,421 $ (63,846) $ 66,821 [3]
Weighted average number of shares of common stock outstanding                 36,858,000 36,248,000 35,755,000
Add: Net effect of dilutive stock options and unvested restricted stock (2)(3)(4) [4],[5]                 806,000 0 547,000
Weighted average number of dilutive shares of common stock outstanding                 37,664,000 36,248,000 36,302,000
Basic earnings (loss) per common share $ 2.53 [1],[2] $ (0.51) $ (0.53) $ (0.76) $ (0.53) $ (0.45) $ (0.57) $ (0.21) $ 0.74 $ (1.76) $ 1.87
Diluted earnings (loss) per common share $ 2.48 [1],[2] $ (0.51) $ (0.53) $ (0.76) $ (0.53) $ (0.45) $ (0.57) $ (0.21) $ 0.73 $ (1.76) $ 1.84
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]                      
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount $ 125,225               $ (125,225) $ 0 $ 0
Net Income (loss) excluding one time tax item $ (17,281)               $ (82,687)    
Earnings per share diluted excluding one time tax item $ (0.47)               $ (2.24)    
Anti-dilutive shares excluded from the calculation of diluted earnings per share                 185 975 322
[1] Results for the fiscal years 2017 and 2016 were significantly impacted by a drop in oil price, which resulted in reductions in both the Company's dayrates and utilization. In recognition of these weak market conditions, the Company elected to stack OSVs and MPSVs on various dates during fiscal 2017 and 2016. The Company had an average of 42.8 OSVs and 0.8 MPSVs stacked during the year ended December 31, 2017. The Company had an average of 41.3 OSVs and 0.3 MPSVs stacked during fiscal 2016.
[2] The sum of the four quarters may not equal annual results due to rounding.
[3] The Company's net income for 2017 was favorably impacted by U.S. tax reform legislation that was enacted in December 2017. As a result of tax reform, the Company recorded a benefit of $125,225 related to the repricing of its deferred tax liabilities. Such benefits were reduced primarily by tax expense related to credits that may not be utilized prior to their expiration. Excluding these one-time tax items from the Company's December 31, 2017 results, its net loss would have been $(82,687) or $(2.24) per diluted share for the year ended December 31, 2017. See Note 9 for further information.
[4] Dilutive unvested restricted stock units are expected to fluctuate from quarter to quarter depending on the Company’s performance compared to a predetermined set of performance criteria. See Note 8 for further information regarding certain of the Company’s restricted stock unit awards.
[5] For the years ended December 31, 2017, 2016 and 2015, the 2019 convertible senior notes issued in August 2012 were not dilutive, as the average price of the Company’s stock was less than the effective conversion price of such notes. It is the Company's stated intention to redeem the principal amount of its 2019 convertible senior notes in cash and the Company has used the treasury method for determining potential dilution in the diluted earnings per share computation. See Note 6 for further information.