Condensed Consolidated Balance Sheets (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 186,675	$ 349,609
Restricted cash	27,952	4,297
Marketable securities	22,763	0
Accounts receivable - net of allowance of $1,048 for 2011 and $2,767 for 2010	62,529	40,693
Unbilled work on uncompleted contracts	86,119	56,152
Contract costs incurred not yet recognized	14,959	15,052
Deferred income taxes	3,130	4,610
Assets held for sale	1,510	16,719
Prepaid expenses and other	27,950	34,099
Total current assets	433,587	521,231
Property and Equipment, net	822,929	784,719
Other Assets
Marketable securities - long-term	7,173	0
Accounts receivable - long-term	8,687	8,679
Deferred charges, net	22,761	20,429
Other	10,752	8,683
Total other assets	49,373	37,791
Total	1,305,889	1,343,741
LIABILITIES AND SHAREHOLDERS' EQUITY
Current maturities of long term debt	3,960	3,960
Accounts payable	142,750	109,394
Employee-related liabilities	19,263	17,935
Income taxes payable	20,823	26,618
Accrued anticipated contract losses	292	5,782
Other accrued liabilities	21,456	31,721
Total current liabilities	208,544	195,410
Long-Term Debt	302,180	299,405
Deferred Income Taxes	52,517	49,995
Other Liabilities	21,322	18,242
Commitments and Contingencies
Shareholders' Equity
Common stock, $0.01 par value, 250,000 shares authorized, and 115,950 and 115,504 shares issued at June 30, 2011 and December 31, 2010, respectively	1,160	1,155
Additional paid-in capital	415,983	414,895
Retained earnings	311,650	372,768
Accumulated other comprehensive loss	(8,822)	(8,770)
Shareholders' equity - Global Industries, Ltd.	719,971	780,048
Noncontrolling interest	1,355	641
Total equity	721,326	780,689
Total	$ 1,305,889	$ 1,343,741