Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2011

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

14.    Supplemental Cash Flow Information

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

	Year
	Ended
	December 31, 2011
Fair Value of Assets	$	160,770
Common Stock Issuance		(125,329	)
Total Liabilities		(10,441	)
Cash Consideration	$	25,000

	Year Ended December 31,
	2011		2010		2009
	(In thousands)
Cash paid, net during the period for:
Interest, net of capitalized interest	$	68,672	$	76,993	$	62,297
Income taxes		7,152		22,092		26,942

During 2009, the Company capitalized interest of $0.3 million. The Company did not capitalize interest in 2011 and 2010.

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 Company had non-cash financing activities related to its June 2009 retirement of $45.8 million aggregate principal amount of its 3.375% Convertible Senior Notes in exchange for the issuance of 7,755,440 shares of Common Stock valued at $4.38 per share ($34.0 million) and payment of accrued interest, resulting in a gain of $4.4 million (See Note 11).