Business Segment Information

3 Months Ended

Mar. 31, 2015

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, aerospace and commercial theme park industries. Our Oilfield 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 specialty subsea hardware and related services. Our Subsea Projects segment provides multiservice subsea support vessels and oilfield diving and support vessel operations, primarily for inspection, maintenance and repair and installation activities. We also 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, 2014.

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

	Three Months Ended
(in thousands)	Mar 31, 2015			Mar 31, 2014			Dec 31, 2014
Revenue
Oilfield
Remotely Operated Vehicles	$	219,447		$	255,819		$	259,544
Subsea Products	240,729			260,010			314,739
Subsea Projects	153,572			138,190			162,623
Asset Integrity	98,493			124,159			111,115
Total Oilfield	712,241			778,178			848,021
Advanced Technologies	74,531			62,023			70,906
Total	$	786,772		$	840,201		$	918,927
Income from Operations
Oilfield
Remotely Operated Vehicles	$	62,182		$	76,740		$	79,635
Subsea Products	50,014			54,516			63,796
Subsea Projects	22,276			20,537			34,113
Asset Integrity	5,025			14,085			5,886
Total Oilfield	139,497			165,878			183,430
Advanced Technologies	5,020			2,955			7,214
Unallocated Expenses	(37,867		)	(35,971		)	(38,405		)
Total	$	106,650		$	132,862		$	152,239

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. Our equity earnings of unconsolidated affiliates is part of our Subsea Projects segment.