Condensed Consolidated Balance Sheets (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 168,472	$ 349,609
Restricted cash	16,488	4,297
Marketable securities	29,830
Accounts receivable - net of allowance of $1,247 for 2011 and $2,767 for 2010	40,696	40,693
Unbilled work on uncompleted contracts	44,452	56,152
Contract costs incurred not yet recognized	20,072	15,052
Deferred income taxes	3,565	4,610
Assets held for sale	1,510	16,719
Prepaid expenses and other	41,730	34,099
Total current assets	366,815	521,231
Property and Equipment, net	825,537	784,719
Other Assets
Marketable securities - long-term	1,535
Accounts receivable - long-term	8,687	8,679
Deferred charges, net	21,248	20,429
Other	17,704	8,683
Total other assets	49,174	37,791
Total	1,241,526	1,343,741
LIABILITIES AND SHAREHOLDERS' EQUITY
Current maturities of long term debt	3,960	3,960
Accounts payable	75,568	109,394
Employee-related liabilities	15,882	17,935
Income taxes payable	20,220	26,618
Accrued anticipated contract losses	4,315	5,782
Other accrued liabilities	17,911	31,721
Total current liabilities	137,856	195,410
Long-Term Debt	302,651	299,405
Deferred Income Taxes	54,660	49,995
Other Liabilities	19,943	18,242
Commitments and Contingencies
Shareholders' Equity
Common stock, $0.01 par value, 250,000 shares authorized, and 115,759 and 115,504 shares issued at September 30, 2011 and December 31, 2010, respectively	1,158	1,155
Additional paid-in capital	417,322	414,895
Retained earnings	316,122	372,768
Accumulated other comprehensive loss	(8,186)	(8,770)
Shareholders' equity - Global Industries, Ltd.	726,416	780,048
Noncontrolling interest		641
Total equity	726,416	780,689
Total	$ 1,241,526	$ 1,343,741