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Supplemental Financial Information
3 Months Ended
Mar. 31, 2013
Disclosure Supplemental Financial Information Supplemental Consolidated Balance Sheet Information [Abstract]  
Supplemental Financial Information
Supplemental Financial Information
Consolidated Balance Sheet Information
Other current assets and other current liabilities consisted of the following:
 
March 31,
 
December 31,
 
2013
 
2012
 
(in thousands)
Other:
 
 
 
Insurance Claims Receivable
$
1,780

 
$
1,784

Deferred Expense - Current Portion
7,439

 
7,653

Other Non-Trade Receivables
14,464

 
1,871

Income Tax Receivable
3,468

 

Other
893

 
883

 
$
28,044

 
$
12,191

Other Current Liabilities:
 
 
 
Deferred Revenue - Current Portion
$
14,006

 
$
14,546

Taxes Payable

 
4,958

Other
8,705

 
6,979

 
$
22,711

 
$
26,483


Common Stock Offering
In March 2012, the Company raised approximately $96.7 million in net proceeds from an underwritten public offering of 20.0 million shares of common stock at a price to the public of $5.10 per share. The Company used a portion of the net proceeds from the share offering to fund a portion of the purchase price for the acquisition of Hercules 266 and used the remaining net proceeds for general corporate purposes as well as the costs associated with the upgrade and mobilization of Hercules 266.