Business Segment Information

3 Months Ended

Mar. 31, 2017

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, production and decommissioning activities. Our Subsea Products segment supplies a variety of specialty subsea hardware and related services. To improve operational efficiency, we have reorganized our Subsea Products segment into two business units: (1) manufactured products; and (2) service and rental. Manufactured products include production control umbilicals and specialty subsea hardware, while service and rental includes tooling, subsea work systems and installation and workover control systems. This internal reorganization did not affect our segment reporting structure or the historical comparability of our segment results. 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, 2016.

The table that follows presents Revenue, Income (Loss) from Operations and Depreciation and Amortization by business segment for each of the periods indicated.

	Three Months Ended
(in thousands)	Mar 31, 2017			Mar 31, 2016			Dec 31, 2016
Revenue
Oilfield
Remotely Operated Vehicles	$	94,022		$	147,621		$	108,352
Subsea Products	150,639			194,812			149,052
Subsea Projects	62,956			129,422			94,096
Asset Integrity	52,658			69,600			59,938
Total Oilfield	360,275			541,455			411,438
Advanced Technologies	85,901			66,889			77,007
Total	$	446,176		$	608,344		$	488,445
Income (Loss) from Operations
Oilfield
Remotely Operated Vehicles	$	5,925		$	26,987		$	4,031
Subsea Products	11,483			40,640			4,068
Subsea Projects	187			6,789			2,421
Asset Integrity	2,267			434			3,197
Total Oilfield	19,862			74,850			13,717
Advanced Technologies	5,026			593			1,331
Unallocated Expenses	(25,038		)	(27,344		)	(18,907		)
Total	$	(150	)	$	48,099		$	(3,859	)
Depreciation and Amortization
Oilfield
Remotely Operated Vehicles	$	29,229		$	33,684		$	29,552
Subsea Products	12,999			12,807			13,795
Subsea Projects	8,080			8,519			8,595
Asset Integrity	1,460			2,913			2,600
Total Oilfield	51,768			57,923			54,542
Advanced Technologies	797			734			791
Unallocated Expenses	1,098			1,124			954
Total	$	53,663		$	59,781		$	56,287

We determine income (loss) 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 in earnings (losses) of unconsolidated affiliates is part of our Subsea Projects segment.