Subsequent Event

6 Months Ended

Jun. 30, 2013

Note 16: Subsequent Event [Abstract]

Subsequent Events [Text Block]

Subsequent Events

In conjunction with management's efforts to accelerate development of pumping and boosting technology and to respond to a maturing market, effective July 1, 2013, direct drive systems will be reported as a product line in Subsea Technologies.

Subsequent to June 30, 2013, we received a notification from a customer regarding the forfeiture of certain payments related to a subsea production systems project. Under the contract, we are entitled to certain payments based on achieving agreed-upon milestone dates. Based on discussions with the customer, the forfeiture of the payments is not determinable at this time.