Business Segment Information

9 Months Ended

Sep. 30, 2013

Segment Reporting, Measurement Disclosures [Abstract]

Business Segment Information

BUSINESS SEGMENT INFORMATION

We are a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of our applied technology expertise, we also serve the defense and aerospace industries. Our Oil and Gas business consists of Remotely Operated Vehicles ("ROVs"), Subsea Products, Subsea Projects and Asset Integrity. Our ROV segment provides submersible vehicles operated from the surface to support offshore oil and gas exploration, development and production activities. Our Subsea Products segment supplies a variety of hardware and related services. Our Subsea Projects segment provides multiservice vessels, oilfield diving and support vessel operations, which are used primarily in inspection, maintenance and repair and installation activities. We also operate and maintain offshore and onshore oil and gas production facilities, provide subsea engineering services, and operate an offshore logistics supply base in Australia. Our Asset Integrity segment provides asset integrity management and assessment services and nondestructive testing and inspection. Our Advanced Technologies business provides project management, engineering services and equipment for applications in non-oilfield markets. Unallocated Expenses are those not associated with a specific business segment. These consist of expenses related to our incentive and deferred compensation plans, including restricted stock and bonuses, as well as other general expenses, including corporate administrative expenses.

There are no differences in the basis of segmentation or in the basis of measurement of segment profit or loss from those used in our consolidated financial statements for the year ended December 31, 2012.

The table that follows presents Revenue and Income from Operations by business segment for each of the periods indicated.

	Three Months Ended									Nine Months Ended
(in thousands)	Sep 30, 2013			Sep 30, 2012			Jun 30, 2013			Sep 30, 2013			Sep 30, 2012
Revenue
Oil and Gas
Remotely Operated Vehicles	$	254,979		$	224,649		$	242,163		726,770			627,422
Subsea Products	263,671			215,617			258,016			735,692			579,481
Subsea Projects	143,132			101,719			118,195			349,782			264,843
Asset Integrity	118,657			113,588			124,740			358,246			320,704
Total Oil and Gas	780,439			655,573			743,114			2,170,490			1,792,450
Advanced Technologies	72,858			78,644			77,258			221,731			209,205
Total	$	853,297		$	734,217		$	820,372		$	2,392,221		$	2,001,655
Income from Operations
Oil and Gas
Remotely Operated Vehicles	$	74,710		$	66,724		$	69,219		$	209,764		$	187,825
Subsea Products	61,737			50,841			62,060			166,576			117,093
Subsea Projects	30,700			17,765			23,990			66,310			41,301
Asset Integrity	16,373			14,556			16,639			45,351			37,538
Total Oil and Gas	183,520			149,886			171,908			488,001			383,757
Advanced Technologies	6,400			5,393			10,165			25,241			15,547
Unallocated Expenses	(36,184		)	(31,466		)	(35,736		)	(104,879		)	(89,457		)
Total	$	153,736		$	123,813		$	146,337		$	408,363		$	309,847

We determine income from operations for each business segment before interest income or expense, other income (expense) and provision for income taxes. We do not consider an allocation of these items to be practical.