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Reportable Segments (Tables)
6 Months Ended
Jun. 30, 2013
Reportable Segments  
Revenue and other financial information by reportable segment

The following tables present revenue 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

 

June 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

163,645

 

$

117,872

 

$

99,368

 

$

456,459

 

$

837,344

 

Gross margin(1)

 

92,484

 

67,857

 

21,432

 

74,886

 

256,659

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

148,564

 

$

112,628

 

$

101,902

 

$

267,641

 

$

630,735

 

Gross margin(1)

 

78,141

 

65,536

 

24,374

 

26,284

 

194,335

 

 

Six months ended

 

North
America
Contract
Operations

 

International
Contract
Operations

 

Aftermarket
Services

 

Fabrication

 

Reportable
Segments
Total

 

June 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

323,076

 

$

227,430

 

$

182,980

 

$

915,235

 

$

1,648,721

 

Gross margin(1)

 

179,862

 

131,216

 

39,598

 

131,263

 

481,939

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

299,152

 

$

225,414

 

$

191,547

 

$

529,863

 

$

1,245,976

 

Gross margin(1)

 

154,493

 

134,433

 

42,288

 

52,903

 

384,117

 

 

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

Reconciliation of net income (loss) to gross margin

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

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Net income (loss)

 

$

24,504

 

$

(166,898

)

$

83,295

 

$

(159,611

)

Selling, general and administrative

 

91,117

 

94,134

 

176,096

 

188,973

 

Depreciation and amortization

 

80,751

 

88,909

 

163,397

 

174,020

 

Long-lived asset impairment

 

16,574

 

128,543

 

20,137

 

132,665

 

Restructuring charges

 

 

1,266

 

 

4,313

 

Interest expense

 

30,250

 

36,968

 

58,124

 

74,959

 

Equity in income of non-consolidated affiliates

 

(4,722

)

(4,728

)

(9,387

)

(42,067

)

Other (income) expense, net

 

(7,239

)

8,752

 

(17,048

)

2,657

 

Provision for (benefit from) income taxes

 

23,849

 

(35,502

)

39,000

 

(35,845

)

(Income) loss from discontinued operations, net of tax

 

1,575

 

42,891

 

(31,675

)

44,053

 

Gross margin

 

$

256,659

 

$

194,335

 

$

481,939

 

$

384,117