Business Segment Information

9 Months Ended

Sep. 30, 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. Since April 2015, we have also provided survey, autonomous underwater vehicle ("AUV") and satellite-positioning services. 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									Nine Months Ended
(in thousands)	Sep 30, 2015			Sep 30, 2014			Jun 30, 2015			Sep 30, 2015			Sep 30, 2014
Revenue
Oilfield
Remotely Operated Vehicles	$	198,426		$	285,385		$	216,426		$	634,299		$	809,478
Subsea Products	220,039			336,745			240,057			700,825			924,007
Subsea Projects	147,191			151,560			172,324			473,087			425,949
Asset Integrity	95,609			134,734			95,509			289,611			389,122
Total Oilfield	661,265			908,424			724,316			2,097,822			2,548,556
Advanced Technologies	82,348			64,665			85,987			242,866			192,141
Total	$	743,613		$	973,089		$	810,303		$	2,340,688		$	2,740,697
Income from Operations
Oilfield
Remotely Operated Vehicles	$	52,417		$	88,350		$	61,294		$	175,893		$	240,915
Subsea Products	46,079			83,430			42,286			138,379			217,443
Subsea Projects	28,841			27,339			30,607			81,724			73,739
Asset Integrity	8,549			19,583			4,576			18,150			49,583
Total Oilfield	135,886			218,702			138,763			414,146			581,680
Advanced Technologies	1,635			2,863			6,267			12,922			6,016
Unallocated Expenses	(24,057		)	(39,647		)	(37,090		)	(99,014		)	(111,605		)
Total	$	113,464		$	181,918		$	107,940		$	328,054		$	476,091

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.