Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2011

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

10. Supplemental Cash Flow Information

     The Company had non-cash investing activities related to its equity investment in Discovery Offshore as 500,000 shares of Discovery Offshore valued at $1.0 million were received by the Company as reimbursement for costs incurred and efforts expended in forming Discovery Offshore.

     The following summarizes investing activities relating to the Seahawk Transaction integrated into the Company’s operations for the period shown (in thousands):

	Nine Months
	Ended
	September 30, 2011
Fair Value of Assets	$	160,770
Common Stock Issuance		(125,329	)
Total Liabilities		(10,441	)
Cash Consideration	$	25,000

	Nine Months Ended September 30,
	2011		2010
	(In thousands)
Cash paid (received), net during the period for:
Interest	$	41,972	$	40,210
Income taxes		3,338		19,364