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Reportable Segments (Tables)
3 Months Ended
Mar. 31, 2013
Reportable Segments  
Sales Information by Geographical Area

The following table presents sales and other financial information by reportable segment (in thousands):

 

Three months ended

 

North
America
Contract
Operations

 

International
Contract
Operations

 

Aftermarket
Services

 

Fabrication

 

Reportable
Segments
Total

 

March 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

159,431

 

$

109,558

 

$

83,612

 

$

458,776

 

$

811,377

 

Gross margin(1)

 

87,378

 

63,359

 

18,166

 

56,377

 

225,280

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

150,588

 

$

112,786

 

$

89,645

 

$

262,222

 

$

615,241

 

Gross margin(1)

 

76,352

 

68,897

 

17,914

 

26,620

 

189,783

 

 

 

(1)      Gross margin, a non-GAAP financial measure, is reconciled to net income (loss) below.

Reconciliation of net income to gross margin

The following table reconciles net income to gross margin (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2013

 

2012

 

Net income

 

$

58,791

 

$

7,287

 

Selling, general and administrative

 

84,979

 

94,839

 

Depreciation and amortization

 

82,646

 

85,111

 

Long-lived asset impairment

 

3,563

 

4,122

 

Restructuring charges

 

 

3,047

 

Interest expense

 

27,874

 

37,991

 

Equity in income of non-consolidated affiliates

 

(4,665

)

(37,339

)

Other (income) expense, net

 

(9,809

)

(6,094

)

Provision for (benefit from) income taxes

 

15,151

 

(343

)

(Income) loss from discontinued operations, net of tax

 

(33,250

)

1,162

 

Gross margin

 

$

225,280

 

$

189,783