Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information [Abstract]

Segment Information

(14) Segment Information

Business Segments

The Company has three reportable segments: subsea and well enhancement, drilling products and services, and marine. The subsea and well enhancement segment provides production-related services used to enhance, extend and maintain oil and gas production, which include integrated subsea services and engineering solutions, mechanical wireline, hydraulic workover and snubbing, well control, coiled tubing, electric line, pumping and stimulation and well bore evaluation services; well plug and abandonment services; stimulation and sand control equipment and services; and other oilfield services used to support drilling and production operations. The subsea and well enhancement segment also includes production handling arrangements, as well as the production and sale of oil and gas. The drilling products and services segment rents and sells stabilizers, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities. It also provides on-site accommodations and bolting and machining services. The marine segment operates liftboats for production service activities, as well as oil and gas production facility maintenance, construction operations and platform removals.

Summarized financial information for the Company’s segments for the three and six months ended June 30, 2011 and 2010 is shown in the following tables (in thousands):

Three Months Ended June 30, 2011

	Subsea and		Drilling
	Well		Products and							Consolidated
	Enhancement		Services		Marine		Unallocated			Total
Revenues	$	336,037	$	149,167	$	25,602	$	—		$	510,806
Cost of services (exclusive of items shown separately below)		194,307		56,627		20,436		—			271,370
Depreciation, depletion, amortization and accretion		28,056		32,447		2,811		—			63,314
General and administrative expenses		62,810		30,431		2,640		—			95,881
Gain on sale of businesses		—		—		5,884		—			5,884
Income from operations		50,864		29,662		5,599		—			86,125
Interest income (expense), net		1,126		—		—		(17,579	)		(16,453	)
Earnings from equity-method investments, net		—		—		—		5,499			5,499
Income (loss) before income taxes	$	51,990	$	29,662	$	5,599	$	(12,080	)	$	75,171

Three Months Ended June 30, 2010

	Subsea and		Drilling
	Well		Products and								Consolidated
	Enhancement		Services		Marine			Unallocated			Total
Revenues	$	284,352	$	121,337	$	19,167		$	—		$	424,856
Cost of services (exclusive of items shown separately below)		167,875		43,759		18,282			—			229,916
Depreciation, depletion, amortization and accretion		23,670		28,053		2,576			—			54,299
General and administrative expenses		59,925		29,191		3,413			—			92,529
Income (loss) from operations		32,882		20,334		(5,104	)		—			48,112
Interest expense, net		—		—		—			(12,680	)		(12,680	)
Earnings from equity-method investments, net		—		—		—			2,170			2,170
Income (loss) before income taxes	$	32,882	$	20,334	$	(5,104	)	$	(10,510	)	$	37,602

Six Months Ended June 30, 2011

	Subsea and		Drilling
	Well		Products and							Consolidated
	Enhancement		Services		Marine		Unallocated			Total
Revenues	$	598,082	$	277,437	$	49,268	$	—		$	924,787
Cost of services (exclusive of items shown separately below)		364,975		103,324		36,916		—			505,215
Depreciation, depletion, amortization and accretion		53,797		63,007		5,873		—			122,677
General and administrative expenses		117,467		59,740		5,553		—			182,760
Gain on sale of businesses		—		—		8,558		—			8,558
Income from operations		61,843		51,366		9,484		—			122,693
Interest income (expense), net		2,235		—		—		(31,060	)		(28,825	)
Earnings from equity-method investments, net		—		—		—		5,526			5,526
Income (loss) before income taxes	$	64,078	$	51,366	$	9,484	$	(25,534	)	$	99,394

Six Months Ended June 30, 2010

	Subsea and		Drilling
	Well		Products and								Consolidated
	Enhancement		Services		Marine			Unallocated			Total
Revenues	$	517,118	$	235,614	$	36,635		$	—		$	789,367
Cost of services (exclusive of items shown separately below)		310,744		83,854		34,370			—			428,968
Depreciation, depletion, amortization and accretion		44,092		56,289		4,966			—			105,347
General and administrative expenses		105,703		51,190		6,360			—			163,253
Income (loss) from operations		56,579		44,281		(9,061	)		—			91,799
Interest expense, net		—		—		—			(26,718	)		(26,718	)
Earnings from equity-method investments, net		—		—		—			6,155			6,155
Income (loss) before income taxes	$	56,579	$	44,281	$	(9,061	)	$	(20,563	)	$	71,236

          Identifiable Assets

	Subsea and		Drilling
	Well		Products and						Consolidated
	Enhancement		Services		Marine		Unallocated		Total
June 30, 2011	$	2,029,481	$	1,002,083	$	239,100	$	90,973	$	3,361,637
December 31, 2010	$	1,769,813	$	802,785	$	255,883	$	79,052	$	2,907,533

Geographic Segments

The Company attributes revenue to various countries based on the location where services are performed or the destination of the drilling products or equipment sold or leased. Long-lived assets consist primarily of property, plant and equipment and are attributed to various countries based on the physical location of the asset at the end of a period. The Company’s information by geographic area is as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
Revenues:	2011		2010		2011		2010
United States	$	373,068	$	311,790	$	683,271	$	567,115
Other Countries		137,738		113,066		241,516		222,252
Total	$	510,806	$	424,856	$	924,787	$	789,367

	June 30,		December 31,
Long-Lived Assets:	2011		2010
United States	$	940,745	$	881,416
Other Countries		454,173		431,734
Total, net	$	1,394,918	$	1,313,150