Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2013

Condensed Consolidating Financial Information

Condensed Consolidating Balance Sheets

	June 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	3,509		$	12,778		$	491,841		$	—		$	508,128
Short-term investments	—			—			99,832			—			99,832
Assets held for sale	—			—			351,263			—			351,263
Accounts receivable, net	—			—			1,342,386			—			1,342,386
Inventory	—			—			235,042			—			235,042
Deferred income taxes	—			—			103,779			—			103,779
Other current assets	800			22,359			229,243			—			252,402
Total current assets	4,309			35,137			2,853,386			—			2,892,832
Long-term investments	—			—			3,629			—			3,629
Property, plant and equipment, net	—			35,557			8,542,029			—			8,577,586
Goodwill	—			—			487,252			—			487,252
Intercompany receivables	172,413			3,893			1,019,175			(1,195,481		)	—
Investment in unconsolidated affiliates	5,746,083			5,812,170			1,630,573			(13,120,382		)	68,444
Other long-term assets	—			29,572			207,588			—			237,160
Total assets	$	5,922,805		$	5,916,329		$	14,743,632		$	(14,315,863	)	$	12,266,903
	LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—		$	—		$	11,445		$	—		$	11,445
Trade accounts payable	624			22			497,435			—			498,081
Accrued liabilities	(381		)	90,965			544,251			—			634,835
Income taxes payable	—			—			35,795			—			35,795
Total current liabilities	243			90,987			1,088,926			—			1,180,156
Long-term debt	—			4,085,139			(13,948		)	—			4,071,191
Other long-term liabilities	—			31,027			433,438			—			464,465
Deferred income taxes	—			(72,083		)	620,701			—			548,618
Intercompany payable	—			1,195,481			—			(1,195,481		)	—
Total liabilities	243			5,330,551			2,129,117			(1,195,481		)	6,264,430
Subsidiary preferred stock	—			—			69,188			—			69,188
Shareholders’ equity	5,922,562			585,778			12,534,605			(13,120,382		)	5,922,563
Noncontrolling interest	—			—			10,722			—			10,722
Total equity	5,922,562			585,778			12,545,327			(13,120,382		)	5,933,285
Total liabilities and equity	$	5,922,805		$	5,916,329		$	14,743,632		$	(14,315,863	)	$	12,266,903

	December 31, 2012
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-		Consolidating
	Guarantor)		(Issuer)			Guarantors)		Adjustments			Total
	(In thousands)
	ASSETS
Current assets:
Cash and cash equivalents	$	1,639	$	106,778		$	416,505	$	—		$	524,922
Short-term investments	—		—			253,282		—			253,282
Assets held for sale	—		—			383,857		—			383,857
Accounts receivable, net	—		—			1,382,623		—			1,382,623
Inventory	—		—			251,133		—			251,133
Deferred income taxes	—		—			110,480		—			110,480
Other current assets	50		—			226,510		—			226,560
Total current assets	1,689		106,778			3,024,390		—			3,132,857
Long-term investments	—		—			4,269		—			4,269
Property, plant and equipment, net	—		37,300			8,674,788		—			8,712,088
Goodwill	—		—			472,326		—			472,326
Intercompany receivables	174,948		1,690,636			670,404		(2,535,988		)	—
Investment in unconsolidated affiliates	5,769,518		5,129,458			395,246		(11,232,532		)	61,690
Other long-term assets	—		31,904			240,888		—			272,792
Total assets	$	5,946,155	$	6,996,076		$	13,482,311	$	(13,768,520	)	$	12,656,022
	LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	—		$	364	$	—		$	364
Trade accounts payable	116		23			498,871		—			499,010
Accrued liabilities	1,110		91,520			506,750		—			599,380
Income taxes payable	—		—			33,628		—			33,628
Total current liabilities	1,226		91,543			1,039,613		—			1,132,382
Long-term debt	—		4,379,263			73		—			4,379,336
Other long-term liabilities	—		30,983			487,681		—			518,664
Deferred income taxes	—		(24,906		)	624,241		—			599,335
Intercompany payable	—		2,535,988			—		(2,535,988		)	—
Total liabilities	1,226		7,012,871			2,151,608		(2,535,988		)	6,629,717
Subsidiary preferred stock	—		—			69,188		—			69,188
Shareholders’ equity	5,944,929		(16,795		)	11,249,327		(11,232,532		)	5,944,929
Noncontrolling interest	—		—			12,188		—			12,188
Total equity	5,944,929		(16,795		)	11,261,515		(11,232,532		)	5,957,117
Total liabilities and equity	$	5,946,155	$	6,996,076		$	13,482,311	$	(13,768,520	)	$	12,656,022

Condensed Consolidating Statements of Income (Loss)

	Three Months Ended June 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—		$	—		$	1,491,586		$	—		$	1,491,586
Earnings from unconsolidated affiliates	—			—			1,360			—			1,360
Earnings (losses) from consolidated affiliates	(1,005		)	13,700			(26,331		)	13,636			—
Investment income (loss)	1			36			17,057			(2,273		)	14,821
Intercompany interest income	—			32			—			(32		)	—
Total revenues and other income	(1,004		)	13,768			1,483,672			11,331			1,507,767
Costs and other deductions:
Direct costs	—			—			999,192			—			999,192
General and administrative expenses	3,221			390			129,137			(136		)	132,612
Depreciation and amortization	—			903			269,296			—			270,199
Interest expense	—			62,405			(2,134		)	—			60,271
Intercompany interest expense	—			—			32			(32		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	136			(89		)	9,129			136			9,312
Total costs and other deductions	3,357			63,609			1,404,652			(32		)	1,471,586
Income from continuing operations before income taxes	(4,361		)	(49,841		)	79,020			11,363			36,181
Income tax expense (benefit)	—			(23,510		)	29,682			—			6,172
Subsidiary preferred stock dividend	—			—			750			—			750
Income (loss) from continuting operations, net of tax	(4,361		)	(26,331		)	48,588			11,363			29,259
Income (loss) from discontinued operations, net of tax	—			—			(28,004		)	—			(28,004		)
Net income (loss)	(4,361		)	(26,331		)	20,584			11,363			1,255
Less: Net (income) loss attributable to noncontrolling interest	—			—			(5,616		)	—			(5,616		)
Net income (loss) attributable to Nabors	$	(4,361	)	$	(26,331	)	$	14,968		$	11,363		$	(4,361	)

	Three Months Ended June 30, 2012
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—		$	—		$	1,737,114		$	—		$	1,737,114
Earnings from unconsolidated affiliates	—			—			(134,317		)	—			(134,317		)
Earnings (losses) from consolidated affiliates	(70,408		)	(35,150		)	(61,938		)	167,496			—
Investment income (loss)	—			16			5,352			—			5,368
Intercompany interest income	—			17,078			—			(17,078		)	—
Total revenues and other income	(70,408		)	(18,056		)	1,546,211			150,418			1,608,165
Costs and other deductions:
Direct costs	—			—			1,123,256			—			1,123,256
General and administrative expenses	2,022			50			131,899			(359		)	133,612
Depreciation and amortization	—			903			260,113			—			261,016
Interest expense	—			68,268			(4,809		)	—			63,459
Intercompany interest expense	—			—			17,078			(17,078		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	359			(546		)	160,745			359			160,917
Total costs and other deductions	2,381			68,675			1,688,282			(17,078		)	1,742,260
Income from continuing operations before income taxes	(72,789		)	(86,731		)	(142,071		)	167,496			(134,095		)
Income tax expense (benefit)	—			(19,085		)	(17,107		)	—			(36,192		)
Subsidiary preferred stock dividend	—			—			750			—			750
Income (loss) from continuting operations, net of tax	(72,789		)	(67,646		)	(125,714		)	167,496			(98,653		)
Income (loss) from discontinued operations, net of tax	—			—			24,690			—			24,690
Net income (loss)	(72,789		)	(67,646		)	(101,024		)	167,496			(73,963		)
Less: Net (income) loss attributable to noncontrolling interest	—			—			1,174			—			1,174
Net income (loss) attributable to Nabors	$	(72,789	)	$	(67,646	)	$	(99,850	)	$	167,496		$	(72,789	)

	Six Months Ended June 30, 2013
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-			Consolidating
	Guarantor)		(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—		$	3,070,231		$	—		$	3,070,231
Earnings from unconsolidated affiliates	—		—			4,255			—			4,255
Earnings (losses) from consolidated affiliates	106,868		56,020			(24,308		)	(138,580		)	—
Investment income (loss)	1		52			96,462			(2,273		)	94,242
Intercompany interest income	—		61			—			(61		)	—
Total revenues and other income	106,869		56,133			3,146,640			(140,914		)	3,168,728
Costs and other deductions:
Direct costs	—		—			2,025,234			—			2,025,234
General and administrative expenses	5,055		427			259,955			(280		)	265,157
Depreciation and amortization	—		1,805			541,759			—			543,564
Interest expense	—		125,454			(5,175		)	—			120,279
Intercompany interest expense	—		—			61			(61		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	7,054		(68		)	61,853			280			69,119
Total costs and other deductions	12,109		127,618			2,883,687			(61		)	3,023,353
Income from continuing operations before income taxes	94,760		(71,485		)	262,953			(140,853		)	145,375
Income tax expense (benefit)	—		(47,177		)	64,621			—			17,444
Subsidiary preferred stock dividend	—		—			1,500			—			1,500
Income (loss) from continuting operations, net of tax	94,760		(24,308		)	196,832			(140,853		)	126,431
Income (loss) from discontinued operations, net of tax	—		—			(25,958		)	—			(25,958		)
Net income (loss)	94,760		(24,308		)	170,874			(140,853		)	100,473
Less: Net (income) loss attributable to noncontrolling interest	—		—			(5,713		)	—			(5,713		)
Net income (loss) attributable to Nabors	$	94,760	$	(24,308	)	$	165,161		$	(140,853	)	$	94,760

	Six Months Ended June 30, 2012
						Other
	Nabors		Nabors			Subsidiaries
	(Parent/		Delaware			(Non-			Consolidating
	Guarantor)		(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Revenues and other income:
Operating revenues	$	—	$	—		$	3,627,540		$	—		$	3,627,540
Earnings from unconsolidated affiliates	—		—			(202,986		)	—			(202,986		)
Earnings (losses) from consolidated affiliates	65,471		19,377			(33,576		)	(51,272		)	—
Investment income (loss)	—		16			25,604			—			25,620
Intercompany interest income	—		34,010			—			(34,010		)	—
Total revenues and other income	65,471		53,403			3,416,582			(85,282		)	3,450,174
Costs and other deductions:
Direct costs	—		—			2,308,072			—			2,308,072
General and administrative expenses	3,549		190			266,841			(622		)	269,958
Depreciation and amortization	—		1,805			506,832			—			508,637
Interest expense	—		136,436			(10,323		)	—			126,113
Intercompany interest expense	—		—			34,010			(34,010		)	—
Losses (gains) on sales of long-lived assets and other expense (income), net	621		(979		)	158,813			622			159,077
Total costs and other deductions	4,170		137,452			3,264,245			(34,010		)	3,371,857
Income from continuing operations before income taxes	61,301		(84,049		)	152,337			(51,272		)	78,317
Income tax expense (benefit)	—		(38,268		)	71,120			—			32,852
Subsidiary preferred stock dividend	—		—			1,500			—			1,500
Income (loss) from continuting operations, net of tax	61,301		(45,781		)	79,717			(51,272		)	43,965
Income (loss) from discontinued operations, net of tax	—		—			15,895			—			15,895
Net income (loss)	61,301		(45,781		)	95,612			(51,272		)	59,860
Less: Net (income) loss attributable to noncontrolling interest	—		—			1,441			—			1,441
Net income (loss) attributable to Nabors	$	61,301	$	(45,781	)	$	97,053		$	(51,272	)	$	61,301

Condensed Consolidating Statements Of Other Comprehensive Income

	Three Months Ended June 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(4,361	)	$	(26,331	)	$	14,968		$	11,363		$	(4,361	)
Other comprehensive income (loss) before taxes:
Translation adjustment attributable to Nabors	(29,304		)	(94		)	(29,398		)	29,492			(29,304		)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	(5,137		)	48			(5,089		)	5,041			(5,137		)
Less: reclassification adjustment for (gains)/losses on marketable securities	(12,183		)	(5,928		)	(18,111		)	24,039			(12,183		)
Unrealized gains/(losses) on marketable securities	(17,320		)	(5,880		)	(23,200		)	29,080			(17,320		)
Pension liability amortization and adjustment	281			281			562			(843		)	281
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	153			153			153			(306		)	153
Other comprehensive income (loss) before taxes	(46,190		)	(5,540		)	(51,883		)	57,423			(46,190		)
Income tax expense (benefit) related to items of other comprehensive income (loss)	(2,063		)	(2,063		)	(4,185		)	6,248			(2,063		)
Other comprehensive income (loss), net of tax	(44,127		)	(3,477		)	(47,698		)	51,175			(44,127		)
Comprehensive income (loss) attributable to Nabors	(48,488		)	(29,808		)	(32,730		)	62,538			(48,488		)
Net income (loss) attributable to noncontrolling interest	5,616			—			5,616			(5,616		)	5,616
Translation adjustment to noncontrolling interest	613			—			613			(613		)	613
Comprehensive income (loss) attributable to noncontrolling interest	6,229			—			6,229			(6,229		)	6,229
Comprehensive income (loss)	$	(42,259	)	$	(29,808	)	$	(26,501	)	$	56,309		$	(42,259	)

	Three Months Ended June 30, 2012
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	(72,789	)	$	(67,646	)	$	(99,850	)	$	167,496		$	(72,789	)
Other comprehensive income (loss) before taxes:
Translation adjustment attributable to Nabors	(19,659		)	52			(19,606		)	19,554			(19,659		)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	(5,008		)	(52		)	(5,061		)	5,113			(5,008		)
Less: reclassification adjustment for (gains)/losses on marketable securities	(19		)	—			(19		)	19			(19		)
Unrealized gains/(losses) on marketable securities	(5,027		)	(52		)	(5,080		)	5,132			(5,027		)
Pension liability amortization and adjustment	260			260			520			(780		)	260
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	191			191			191			(382		)	191
Other comprehensive income (loss) before taxes	(24,235		)	451			(23,975		)	23,524			(24,235		)
Income tax expense (benefit) related to items of other comprehensive income (loss)	140			140			220			(360		)	140
Other comprehensive income (loss), net of tax	(24,375		)	311			(24,195		)	23,884			(24,375		)
Comprehensive income (loss) attributable to Nabors	(97,164		)	(67,335		)	(124,045		)	191,380			(97,164		)
Net income (loss) attributable to noncontrolling interest	(1,174		)	—			(1,174		)	1,174			(1,174		)
Translation adjustment to noncontrolling interest	(216		)	—			(216		)	216			(216		)
Comprehensive income (loss) attributable to noncontrolling interest	(1,390		)	—			(1,390		)	1,390			(1,390		)
Comprehensive income (loss)	$	(98,554	)	$	(67,335	)	$	(125,435	)	$	192,770		$	(98,554	)

	Six Months Ended June 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	94,760		$	(24,308	)	$	165,161		$	(140,853	)	$	94,760
Other comprehensive income (loss) before taxes:
Translation adjustment attributable to Nabors	(52,569		)	(146		)	(52,715		)	52,861			(52,569		)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	5,002			233			5,235			(5,468		)	5,002
Less: reclassification adjustment for (gains)/losses on marketable securities	(88,157		)	(7,114		)	(95,271		)	102,385			(88,157		)
Unrealized gains/(losses) on marketable securities	(83,155		)	(6,881		)	(90,036		)	96,917			(83,155		)
Pension liability amortization and adjustment	562			562			1,124			(1,686		)	562
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	306			306			306			(612		)	306
Other comprehensive income (loss) before taxes	(134,856		)	(6,159		)	(141,321		)	147,480			(134,856		)
Income tax expense (benefit) related to items of other comprehensive income (loss)	(2,277		)	(2,277		)	(4,672		)	6,949			(2,277		)
Other comprehensive income (loss), net of tax	(132,579		)	(3,882		)	(136,649		)	140,531			(132,579		)
Comprehensive income (loss) attributable to Nabors	(37,819		)	(28,190		)	28,512			(322		)	(37,819		)
Net income (loss) attributable to noncontrolling interest	5,713			—			5,713			(5,713		)	5,713
Translation adjustment to noncontrolling interest	(801		)	—			(801		)	801			(801		)
Comprehensive income (loss) attributable to noncontrolling interest	4,912			—			4,912			(4,912		)	4,912
Comprehensive income (loss)	$	(32,907	)	$	(28,190	)	$	33,424		$	(5,234	)	$	(32,907	)

	Six Months Ended June 30, 2012
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net income (loss) attributable to Nabors	$	61,301		$	(45,781	)	$	97,053		$	(51,272	)	$	61,301
Other comprehensive income (loss) before taxes:
Translation adjustment attributable to Nabors	(2,392		)	(1		)	(2,392		)	2,392			(2,393		)
Unrealized gains/(losses) on marketable securities:
Unrealized gains/(losses) on marketable securities	7,215			11			7,226			(7,237		)	7,215
Less: reclassification adjustment for (gains)/losses on marketable securities	(12,484		)	(10,288		)	(22,772		)	33,060			(12,484		)
Unrealized gains/(losses) on marketable securities	(5,269		)	(10,277		)	(15,546		)	25,823			(5,269		)
Pension liability amortization and adjustment	519			519			1,040			(1,558		)	520
Unrealized gains/(losses) and amortization of (gains)/losses on cash flow hedges	382			382			382			(764		)	382
Other comprehensive income (loss) before taxes	(6,760		)	(9,377		)	(16,516		)	25,893			(6,760		)
Income tax expense (benefit) related to items of other comprehensive income (loss)	(3,584		)	(3,584		)	(7,288		)	10,872			(3,584		)
Other comprehensive income (loss), net of tax	(3,176		)	(5,793		)	(9,228		)	15,021			(3,176		)
Comprehensive income (loss) attributable to Nabors	58,125			(51,574		)	87,825			(36,251		)	58,125
Net income (loss) attributable to noncontrolling interest	(1,441		)	—			(1,441		)	1,441			(1,441		)
Translation adjustment to noncontrolling interest	27			—			27			(27		)	27
Comprehensive income (loss) attributable to noncontrolling interest	(1,414		)	—			(1,414		)	1,414			(1,414		)
Comprehensive income (loss)	$	56,711		$	(51,574	)	$	86,411		$	(34,837	)	$	56,711

Condensed Consolidating Statements of Cash Flows

	Six Months Ended June 30, 2013
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	(4,554	)	$	(147,280	)	$	787,443		$	29,799		$	665,408
Cash flows from investing activities:
Sales and maturities of investments	—			—			163,161			—			163,161
Proceeds from sale of unconsolidated affiliates	—			—			10,000			—			10,000
Investment in unconsolidated affiliates	—			—			(3,927		)	—			(3,927		)
Cash paid for acquisition of businesses, net	—			—			(37,516		)	—			(37,516		)
Capital expenditures	—			—			(500,368		)	—			(500,368		)
Proceeds from sales of assets and insurance claims	—			—			29,731			—			29,731
Other	—			—			(3,142		)	—			(3,142		)
Cash paid for investments in consolidated affiliates	—			(626,000		)	(1,252,000		)	1,878,000			—
Changes in intercompany balances	—			348,367			(348,367		)	—			—
Net cash provided by (used for) investing activities	—			(277,633		)	(1,942,428		)	1,878,000			(342,061		)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	—			—			(8,686		)	—			(8,686		)
Dividends to shareholders	(25,825		)	—			—			2,273			(23,552		)
Proceeds from debt	—			—			11,569			—			11,569
Debt issuance costs	—			(87		)	—			—			(87		)
Proceeds from (payments for) commercial paper, net	—			295,000			—			—			295,000
Proceeds from (payments for) issuance of common shares	3,200			—			—			—			3,200
Proceeds from parent contributions	—			626,000			1,252,000			(1,878,000		)	—
Proceeds from (payments for) issuance of parent common shares to affiliate	32,072			—			—			(32,072		)	—
Reduction in long-term debt	—			—			(17,853		)	—			(17,853		)
Reduction in revolving credit facility	—			(590,000		)	—			—			(590,000		)
Purchase of restricted stock	(3,023		)	—			—			—			(3,023		)
Net cash (used for) provided by financing activities	6,424			330,913			1,237,030			(1,907,799		)	(333,432		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(6,709		)	—			(6,709		)
Net increase (decrease) in cash and cash equivalents	1,870			(94,000		)	75,336			—			(16,794		)
Cash and cash equivalents, beginning of period	1,639			106,778			416,505			—			524,922
Cash and cash equivalents, end of period	$	3,509		$	12,778		$	491,841		$	—		$	508,128

	Six Months Ended June 30, 2012
							Other
	Nabors			Nabors			Subsidiaries
	(Parent/			Delaware			(Non-			Consolidating
	Guarantor)			(Issuer)			Guarantors)			Adjustments			Total
	(In thousands)
Net cash provided by (used for) operating activities	$	7,762		$	(55,008	)	$	771,683		$	(12,500	)	$	711,937
Cash flows from investing activities:
Purchases of investments	—			—			(795		)	—			(795		)
Sales and maturities of investments	—			—			25,517			—			25,517
Capital expenditures	—			—			(967,861		)	—			(967,861		)
Proceeds from sales of assets and insurance claims	—			—			116,923			—			116,923
Cash paid for investments in consolidated affiliates	—			—			—			—			—
Changes in intercompany balances	—			(38,067		)	38,067			—			—
Net cash provided by (used for) investing activities	—			(38,067		)	(788,149		)	—			(826,216		)
Cash flows from financing activities:
Increase (decrease) in cash overdrafts	—			—			(2,060		)	—			(2,060		)
Proceeds from revolving credit facility	—			200,000			—			—			200,000
Proceeds from (payments for) issuance of common shares	(5,066		)	—			—			—			(5,066		)
Proceeds from parent contributions	—			—			(12,500		)	12,500			—
Debt issuance costs	—			—			(1,235		)	—			(1,235		)
Reduction in long-term debt	—			—						—			—
Paydown of revolving credit facility	—			(100,000		)	(50,000		)	—			(150,000		)
Purchase of restricted stock	(2,071		)	—			—			—			(2,071		)
Tax benefit related to share-based awards	—			—			(36		)	—			(36		)
Net cash (used for) provided by financing activities	(7,137		)	100,000			(65,831		)	12,500			39,532
Effect of exchange rate changes on cash and cash equivalents	—			—			(3,430		)	—			(3,430		)
Net increase (decrease) in cash and cash equivalents	625			6,925			(85,727		)	—			(78,177		)
Cash and cash equivalents, beginning of period	203			21			398,351			—			398,575
Cash and cash equivalents, end of period	$	828		$	6,946		$	312,624		$	—		$	320,398