DEI_Document
DEI Document | 9 Months Ended | |
Sep. 30, 2013 | Oct. 18, 2013 | |
Entity Information [Line Items] | ||
Entity Registrant Name | CORE LABORATORIES N V | |
Entity Central Index Key | 1000229 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | 30-Sep-13 | |
Document Fiscal Year Focus | 2013 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | FALSE | |
Entity Common Stock, Shares Outstanding | 45,365,296 |
Consolidated_Balance_Sheets_St
Consolidated Balance Sheets Statement (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Cash and Cash Equivalents, at Carrying Value | $22,204 | $19,226 |
Accounts Receivable, Net | 205,121 | 184,774 |
Inventory, Net | 53,646 | 49,265 |
Prepaid Expense, Current | 13,305 | 14,959 |
Income Taxes Receivable, Current | 4,359 | 17,943 |
Prepaid Expense and Other Assets | 9,193 | 10,740 |
TOTAL CURRENT ASSETS | 307,828 | 296,907 |
Property, Plant and Equipment, Net | 135,001 | 125,418 |
Intangible Assets, Net (Excluding Goodwill) | 10,836 | 8,721 |
Goodwill | 163,337 | 163,337 |
Deferred Tax Assets, Net, Noncurrent | 5,866 | 13,224 |
Other Assets, Noncurrent | 34,608 | 28,909 |
TOTAL ASSETS | 657,476 | 636,516 |
Accounts Payable, Current | 53,901 | 55,168 |
Employee-related Liabilities, Current | 35,318 | 34,919 |
Sales and Excise Tax Payable, Current | 10,338 | 11,787 |
Deferred Revenue, Current | 12,507 | 13,868 |
Taxes Payable, Current | 10,361 | 9,542 |
Other Accrued Liabilities, Current | 15,405 | 15,226 |
TOTAL CURRENT LIABILITIES | 137,830 | 140,510 |
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS | 256,007 | 234,033 |
Deferred Compensation Liability, Classified, Noncurrent | 34,645 | 28,112 |
Deferred Tax Liabilities, Noncurrent | 5,273 | 6,777 |
Other Liabilities, Noncurrent | 39,430 | 39,171 |
Preferred Stock, Value, Issued | 0 | 0 |
Common Stock, Value, Issued | 1,203 | 1,233 |
Additional Paid in Capital, Common Stock | 0 | 0 |
Retained Earnings (Accumulated Deficit) | 370,905 | 361,255 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -8,108 | -8,413 |
Treasury shares (at cost), xxx at 2011 and 4,218,726 at 2010 | -185,783 | -171,845 |
Total Core Laboratories N.V. shareholders' equity | 178,217 | 182,230 |
Stockholders' Equity Attributable to Noncontrolling Interest | 6,074 | 5,683 |
TOTAL EQUITY | 184,291 | 187,913 |
TOTAL LIABILITIES AND EQUITY | $657,476 | $636,516 |
Consolidated_Balance_Sheets_Ba
Consolidated Balance Sheets Balance Sheet Parenthetical (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Allowance for Doubtful Accounts Receivable, Current | $3,286 | $3,516 |
Common Stock, Par or Stated Value Per Share | $0.02 | $0.02 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares, Issued | 46,750,002 | 47,899,584 |
Common Stock, Shares, Outstanding | 45,366,384 | 46,349,411 |
Treasury Stock, Shares | 1,383,618 | 1,550,173 |
Preferred Stock, Par or Stated Value Per Share | $0.02 | $0.02 |
Preferred Stock, Shares Authorized | 6,000,000 | 6,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations Statement (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
REVENUE: | ||||
Services | $194,267 | $174,465 | $564,424 | $512,883 |
Product sales | 78,896 | 70,963 | 232,805 | 213,742 |
Total Revenue | 273,163 | 245,428 | 797,229 | 726,625 |
OPERATING EXPENSES: | ||||
Cost of Services, Excluding Depreciation, Depletion, and Amortization | 110,087 | 102,935 | 329,901 | 304,871 |
Cost of product sales, exclusive of depreciation expense shown below | 57,340 | 52,406 | 164,674 | 155,990 |
General and Administrative Expense, Excluding Depreciation | 14,346 | 10,504 | 38,328 | 30,883 |
Depreciation | 6,396 | 6,170 | 17,775 | 16,554 |
Amortization | 357 | 289 | 967 | 865 |
Other (income), net | 41 | -2,256 | 82 | -3,950 |
OPERATING INCOME | 84,596 | 75,380 | 245,502 | 221,412 |
Interest expense | 2,302 | 2,160 | 6,834 | 6,528 |
Income before income tax expense | 82,294 | 73,220 | 238,668 | 214,884 |
Income Tax Expense (Benefit) | 20,490 | 18,671 | 60,190 | 53,454 |
Net income | 61,804 | 54,549 | 178,478 | 161,430 |
Net Income (Loss) Attributable to Non-controlling Interest | 146 | 160 | ||
Net income attributable to Core Laboratories N.V. | 54,403 | 161,270 | ||
EARNINGS PER SHARE INFORMATION: | ||||
Basic earnings per share attributable to Core Laboratories N.V. | $1.36 | $1.15 | $3.88 | $3.40 |
Diluted earnings per share attributable to Core Laboratories N.V. | $1.35 | $1.14 | $3.86 | $3.38 |
Cash dividends per share | $0.32 | $0.28 | $0.96 | $0.84 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | ||||
Basic | 45,526 | 47,232 | 45,854 | 47,436 |
Diluted | 45,828 | 47,528 | 46,150 | 47,754 |
Noncontrolling Interest [Member] | ||||
OPERATING EXPENSES: | ||||
Net Income (Loss) Attributable to Non-controlling Interest | -91 | 391 | ||
Retained Earnings [Member] | ||||
OPERATING EXPENSES: | ||||
Net income attributable to Core Laboratories N.V. | $61,895 | $178,087 |
Consolidated_Statement_of_Othe
Consolidated Statement of Other Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax | ($33) | ($5) | ($101) | ($14) |
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 61,906 | 54,562 | 178,782 | 161,470 |
Net Income (Loss) Attributable to Non-controlling Interest | 146 | 160 | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 61,804 | 54,549 | 178,478 | 161,430 |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $61,997 | $54,416 | $178,391 | $161,310 |
Consolidated_Statement_of_Cash
Consolidated Statement of Cash Flows Statement (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $178,478 | $161,430 |
Stock-based compensation | 15,408 | 13,503 |
Depreciation and amortization | 18,742 | 17,419 |
Gain on insurance recovery | 0 | -101 |
Increase in value of life insurance policies | -3,194 | -1,659 |
Deferred income taxes | 6,212 | -811 |
Other Noncash Income (Expense) | 676 | 484 |
Accounts receivable | -20,425 | -12,395 |
Inventories | -5,143 | -896 |
Prepaid expenses and other current assets | 14,595 | -8,916 |
Other assets | -414 | 51 |
Accounts payable | -1,506 | -11,975 |
Accrued expenses | 1,788 | -3,284 |
Increase (Decrease) in Deferred Revenue | -1,361 | -6,321 |
Other long-term liabilities | 6,792 | 5,621 |
Net cash provided by operating activities | 210,648 | 152,150 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Capital expenditures | -26,988 | -24,154 |
Payments to Acquire Intangible Assets | -3,083 | -1,096 |
Cash (advanced)/settled for acquisition | 0 | 1,632 |
Payments for (Proceeds from) Investments | -50 | |
Proceeds from sale of assets | 852 | 499 |
Proceeds from insurance recovery | 0 | 101 |
Premiums on life insurance | -2,553 | -1,727 |
Net cash used in investing activities | -31,822 | -24,745 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Repayment of debt borrowings | -51,035 | -53,330 |
Proceeds from debt borrowings | 73,000 | 41,000 |
Proceeds from Stock Options Exercised | 83 | 5 |
Excess Tax Benefit from Share-based Compensation, Financing Activities | 2,500 | 3,479 |
Payments of Debt Issuance Costs | 0 | -7 |
Payments of Dividends | -44,125 | -39,876 |
Payments for Repurchase of Common Stock | -156,271 | -83,350 |
Net cash used in financing activities | -175,848 | -132,079 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | 2,978 | -4,674 |
CASH AND CASH EQUIVALENTS, beginning of period | $19,226 |
Basis_of_Presentation_Level_1_
Basis of Presentation Level 1 (Notes) | 9 Months Ended |
Sep. 30, 2013 | |
BASIS OF PRESENTATION [Abstract] | |
Basis of Presentation and Significant Accounting Policies [Text Block] | BASIS OF PRESENTATION |
The accompanying unaudited consolidated financial statements include the accounts of Core Laboratories N.V. and its subsidiaries for which we have a controlling voting interest and/or a controlling financial interest. These financial statements have been prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP") for interim financial information using the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, these financial statements do not include all of the information and footnote disclosures required by U.S. GAAP and should be read in conjunction with the financial statements and the summary of significant accounting policies and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012 (the "2012 Annual Report"). | |
Core Laboratories N.V. uses the equity method of accounting for investments in which it has less than a majority interest and over which it does not exercise control. Non-controlling interests have been recorded to reflect outside ownership attributable to consolidated subsidiaries that are less than 100% owned. In the opinion of management, all adjustments considered necessary for a fair statement of the results for the interim periods presented have been included in these financial statements. Furthermore, the operating results presented for the three and nine months ended September 30, 2013 may not necessarily be indicative of the results that may be expected for the year ended December 31, 2013. | |
Core Laboratories N.V.'s balance sheet information for the year ended December 31, 2012 was derived from the 2012 audited consolidated financial statements but does not include all disclosures in accordance with U.S. GAAP. | |
Certain reclassifications were made to prior period amounts in order to conform to the current period presentation. These reclassifications had no impact on the reported net income or cash flows for the three and nine month periods ended September 30, 2012. | |
References to "Core Lab", the "Company", "we", "our" and similar phrases are used throughout this Quarterly Report on Form 10-Q and relate collectively to Core Laboratories N.V. and its consolidated subsidiaries. |
Inventories_Notes
Inventories (Notes) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
INVENTORIES [Abstract] | ||||||||
Inventory Disclosure [Text Block] | INVENTORIES | |||||||
Inventories consist of the following (in thousands): | ||||||||
September 30, | December 31, | |||||||
2013 | 2012 | |||||||
(Unaudited) | ||||||||
Finished goods | $ | 40,218 | $ | 38,572 | ||||
Parts and materials | 10,312 | 8,818 | ||||||
Work in progress | 3,116 | 1,875 | ||||||
Total inventories | $ | 53,646 | $ | 49,265 | ||||
We include freight costs incurred for shipping inventory to customers in the Cost of product sales line of the Consolidated Statements of Operations. |
Goodwill_and_Intangibles
Goodwill and Intangibles | 9 Months Ended |
Sep. 30, 2013 | |
GOODWILL AND INTANGIBLES [Abstract] | |
Intangible Assets Disclosure [Text Block] | GOODWILL AND INTANGIBLES |
We account for intangible assets with indefinite lives, including goodwill, in accordance with the applicable accounting guidance, which requires us to evaluate these assets for impairment annually or more frequently if an indication of impairment is possible. Based upon our most recent evaluation at the end of 2012, we determined that goodwill is not impaired. We amortize intangible assets with a finite life on a straight-line basis over their respective useful lives. |
Debt_Level_1_Notes
Debt Level 1 (Notes) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Debt and Capital Lease Obligations [Abstract] | ||||||||
Debt Disclosure [Text Block] | DEBT AND CAPITAL LEASE OBLIGATIONS | |||||||
Debt is summarized in the following table (in thousands): | ||||||||
September 30, | December 31, | |||||||
2013 | 2012 | |||||||
(Unaudited) | ||||||||
Senior notes | $ | 150,000 | $ | 150,000 | ||||
Credit facility | 106,000 | 84,000 | ||||||
Capital lease obligations | 39 | 73 | ||||||
Total debt | 256,039 | 234,073 | ||||||
Less - current maturities of long-term debt and capital lease obligations | 32 | 40 | ||||||
Long-term debt and capital lease obligations, net | $ | 256,007 | $ | 234,033 | ||||
In 2011, we issued two series of senior notes with an aggregate principal amount of $150 million ("Senior Notes") in a private placement transaction. Series A consists of $75 million in aggregate principal amount of notes that bear interest at a fixed rate of 4.01% and are due in full on September 30, 2021. Series B consists of $75 million in aggregate principal amount of notes that bear interest at a fixed rate of 4.11% and are due in full on September 30, 2023. Interest on each series of the Senior Notes is payable semi-annually on March 30 and September 30. | ||||||||
We maintain a credit facility (the "Credit Facility") with an aggregate borrowing capacity of $300 million at September 30, 2013. The Credit Facility provides an option to increase the commitment under the Credit Facility to $350 million, if certain conditions are met. The Credit Facility bears interest at variable rates from LIBOR plus 1.50% to a maximum of LIBOR plus 2.25%. Any outstanding balance under the Credit Facility is due September 28, 2016 when the Credit Facility matures. Interest payment terms are variable depending upon the specific type of borrowing under this facility. Our available capacity at any point in time is reduced by borrowings outstanding at the time and outstanding letters of credit which totaled $18.7 million at September 30, 2013, resulting in an available borrowing capacity under the Credit Facility of $175.3 million. In addition to those items under the Credit Facility, we had $24.6 million of outstanding letters of credit and performance guarantees and bonds from other sources as of September 30, 2013. | ||||||||
The terms of the Credit Facility and the Senior Notes require us to meet certain financial and operational covenants, including, but not limited to, certain operational and minimum equity and cash flow ratios. We believe that we are in compliance with all such covenants contained in our credit agreements. Certain of our material, wholly-owned subsidiaries are guarantors or co-borrowers under the Credit Facility and Senior Notes. | ||||||||
The estimated fair value of total debt at September 30, 2013 and December 31, 2012 approximated the book value of total debt. The fair value was estimated using Level 2 inputs by calculating the sum of the discounted future interest and principal payments through the date of maturity. |
Pensions_and_Other_Postretirem
Pensions and Other Postretirement Benefits Level 1 (Notes) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
PENSIONS AND OTHER POSTRETIREMENT BENEFITS [Abstract] | ||||||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | PENSIONS AND OTHER POSTRETIREMENT BENEFITS | |||||||||||||||
Defined Benefit Plan | ||||||||||||||||
We provide a noncontributory defined benefit pension plan covering substantially all of our Dutch employees (the "Dutch Plan") who were hired prior to 2007 based on years of service and final pay or career average pay, depending on when the employee began participating. The benefits earned by the employees are immediately vested. We fund the future obligations of the Dutch Plan by purchasing insurance contracts from a large multi-national insurance company. The insurance contracts are purchased annually and renew after five years at which time they are replaced with new contracts that are adjusted to include changes in the benefit obligation for the current year and redemption of the expired contracts. We make annual premium payments to the insurance company based on each employee's age and current salary, and the contractual growth rate. We determine the fair value of these plan assets with the assistance of an actuary using observable inputs (Level 2), which approximates the contract value of the investments. | ||||||||||||||||
The following table summarizes the components of net periodic pension cost under the Dutch Plan for the three and nine months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Service cost | $ | 394 | $ | 273 | $ | 1,178 | $ | 845 | ||||||||
Interest cost | 417 | 409 | 1,248 | 1,262 | ||||||||||||
Expected return on plan assets | (321 | ) | (292 | ) | (961 | ) | (902 | ) | ||||||||
Amortization of transition asset | (21 | ) | (21 | ) | (65 | ) | (65 | ) | ||||||||
Amortization of prior service cost | 39 | 39 | 119 | 119 | ||||||||||||
Amortization of actuarial loss | 117 | — | 351 | — | ||||||||||||
Net periodic pension cost | $ | 625 | $ | 408 | $ | 1,870 | $ | 1,259 | ||||||||
During the nine months ended September 30, 2013, we contributed approximately $2.0 million to fund the estimated 2013 premiums on investment contracts held by the Dutch Plan. | ||||||||||||||||
Defined Contribution Plans | ||||||||||||||||
We maintain five defined contribution plans (the "Defined Contribution Plans") for the benefit of eligible employees in Canada, The Netherlands, Puerto Rico, the United Kingdom and the United States. In accordance with the terms of each plan, we and our participating employees contribute up to specified limits, and under certain plans, we may make discretionary contributions consistent with the terms of each plan. | ||||||||||||||||
Deferred Compensation Arrangements | ||||||||||||||||
We have entered into deferred compensation contracts for certain key employees. The benefits under these contracts are fully vested and benefits are paid when the participants attain 65 years of age. Life insurance policies with cash surrender values have been purchased for the purpose of assisting in the funding of the deferred compensation contracts. | ||||||||||||||||
We have also adopted a non-qualified deferred compensation plan that allows certain highly compensated employees to defer a portion of their salary, commission and bonus, as well as the amount of any reductions in their deferrals under the deferred compensation plan for employees in the United States (the "Deferred Compensation Plan"), due to certain limitations imposed by the U.S. Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"). The Deferred Compensation Plan also provides for employer contributions to be made on behalf of participants equal in amount to certain forfeitures of, and/or reductions in, employer contributions that participants could have received under the 401(k) Plan in the absence of certain limitations imposed by the Internal Revenue Code. Employer contributions to the Deferred Compensation Plan vest ratably over a period of five years. Contributions to the plan are invested in equity and other investment fund assets within life insurance policies and carried on the balance sheet at fair value. A participant's plan benefits include the participant's deferrals, the vested portion of the employer's contributions, and deemed investment gains and losses on such amounts. | ||||||||||||||||
On a recurring basis, we use the market approach to value certain assets and liabilities at fair value at quoted prices in an active market (Level 1) and certain assets and liabilities using significant other observable inputs (Level 2) with the assistance of a third party specialist. We do not have any assets or liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3). Gains and losses related to the fair value changes in the deferred compensation assets and liabilities are recorded in General and Administrative Expenses in the Consolidated Statements of Operations. The following table summarizes the fair value balances (in thousands): | ||||||||||||||||
(Unaudited) | Fair Value Measurement at | |||||||||||||||
September 30, 2013 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Deferred compensation trust assets (1) | $ | 16,043 | $ | — | $ | 16,043 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Deferred compensation plan | $ | 23,270 | $ | 1,791 | $ | 21,479 | $ | — | ||||||||
Fair Value Measurement at | ||||||||||||||||
December 31, 2012 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Deferred compensation trust assets (1) | $ | 12,654 | $ | — | $ | 12,654 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Deferred compensation plan | $ | 18,579 | $ | 2,667 | $ | 15,912 | $ | — | ||||||||
(1) Trust assets consist of the cash surrender value of life insurance policies and are intended to assist in the funding of the deferred compensation plan. |
Commitments_and_Contingencies_
Commitments and Contingencies Level 1 (Notes) | 9 Months Ended |
Sep. 30, 2013 | |
COMMITMENTS AND CONTINGENCIES [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | COMMITMENTS AND CONTINGENCIES |
We have been and may from time to time be named as a defendant in legal actions that arise in the ordinary course of business. These include, but are not limited to, employment-related claims and contractual disputes or claims for personal injury or property damage which occur in connection with the provision of our services and products. Management does not currently believe that any of our pending contractual, employment-related, personal injury or property damage claims and disputes will have a material effect on our future results of operations, financial position or cash flow. | |
In connection with an audit of the 2008 and 2009 U.S. federal income tax returns of our U.S. consolidated group, the U.S. Internal Revenue Service has proposed that certain transfer pricing positions taken by the Company be adjusted, which could result in additional federal income tax of approximately $11 million plus interest for this two year audit period. We believe that these transactions are valid as originally recorded, and we are appealing this proposed adjustment. It is our belief that we will prevail on this issue; consequently, we have made no additional income tax accrual for this proposed adjustment. |
Equity_Level_1_Notes
Equity Level 1 (Notes) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Equity [Abstract] | ||||||||||||||||||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | EQUITY | |||||||||||||||||||||||||||
During the three months ended September 30, 2013, we repurchased 362,776 of our common shares for $55.9 million. Included in this total were rights to 5,964 shares valued at $0.9 million that were surrendered to us pursuant to the terms of a stock-based compensation plan in consideration of the participants' tax burdens that may result from the issuance of common shares under that plan. During the nine months ended September 30, 2013, we repurchased 1,105,286 of our common shares for $156.3 million. Included in this total were rights to 32,297 shares valued at $4.6 million that were surrendered to us pursuant to the terms of a stock-based compensation plan in consideration of the participants' tax burdens that may result from the issuance of common shares under that plan. Such common shares, unless canceled, may be reissued for a variety of purposes such as future acquisitions, non-employee director stock awards or employee stock awards. | ||||||||||||||||||||||||||||
At the annual meeting of shareholders on May 16, 2013, the shareholders approved the cancellation of 1,149,582 shares of our common stock then held as treasury stock. These treasury shares were cancelled on August 1, 2013, after the expiration of the waiting period required under Dutch law. In accordance with ASC 505-30-30-8, we charged the excess of the cost of the treasury stock over its par value to additional paid-in capital and retained earnings. | ||||||||||||||||||||||||||||
In February, May and August 2013, we paid a quarterly dividend of $0.32 per share of common stock. In addition, on October 8, 2013, we declared a quarterly dividend of $0.32 per share of common stock for shareholders of record on October 18, 2013 and payable on November 20, 2013. | ||||||||||||||||||||||||||||
The following table summarizes our changes in equity for the nine months ended September 30, 2013 (in thousands): | ||||||||||||||||||||||||||||
(Unaudited) | Common Shares | Additional Paid-In Capital | Retained Earnings | Accumulated | Treasury Stock | Non-Controlling Interests | Total Equity | |||||||||||||||||||||
Other | ||||||||||||||||||||||||||||
Comprehensive Income (Loss) | ||||||||||||||||||||||||||||
December 31, 2012 | $ | 1,233 | $ | — | $ | 361,255 | $ | (8,413 | ) | $ | (171,845 | ) | $ | 5,683 | $ | 187,913 | ||||||||||||
Stock options exercised | — | (1,411 | ) | — | — | 1,494 | — | 83 | ||||||||||||||||||||
Stock based-awards | — | 2,291 | (327 | ) | — | 13,444 | — | 15,408 | ||||||||||||||||||||
Tax benefit of stock-based awards issued | — | 2,500 | — | — | — | — | 2,500 | |||||||||||||||||||||
Repurchase of common shares | — | — | — | — | (156,271 | ) | — | (156,271 | ) | |||||||||||||||||||
Dividends paid | — | — | (44,125 | ) | — | — | — | (44,125 | ) | |||||||||||||||||||
Cancellation of common shares | (30 | ) | (3,380 | ) | (123,985 | ) | — | 127,395 | — | — | ||||||||||||||||||
Amortization of deferred pension costs, net of tax | — | — | — | 305 | — | — | 305 | |||||||||||||||||||||
Net income (loss) | — | — | 178,087 | — | — | 391 | 178,478 | |||||||||||||||||||||
September 30, 2013 | $ | 1,203 | $ | — | $ | 370,905 | $ | (8,108 | ) | $ | (185,783 | ) | $ | 6,074 | $ | 184,291 | ||||||||||||
Accumulated other comprehensive income (loss) consisted of the following (in thousands): | ||||||||||||||||||||||||||||
September 30, | December 31, | |||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||||||||||
Prior service cost | $ | (526 | ) | $ | (616 | ) | ||||||||||||||||||||||
Transition asset | 146 | 195 | ||||||||||||||||||||||||||
Unrecognized net actuarial loss | (7,728 | ) | (7,992 | ) | ||||||||||||||||||||||||
Total accumulated other comprehensive income (loss) | $ | (8,108 | ) | $ | (8,413 | ) |
Earnings_per_Share_Level_1_Not
Earnings per Share Level 1 (Notes) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ||||||||||||
Earnings Per Share [Text Block] | EARNINGS PER SHARE | |||||||||||
We compute basic earnings per common share by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common shares include additional shares in the weighted average share calculations associated with the incremental effect of dilutive employee stock options, restricted stock awards and contingently issuable shares, as determined using the treasury stock method. The | ||||||||||||
following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted earnings per share (in thousands): | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
September 30, | September 30, | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
(Unaudited) | (Unaudited) | |||||||||||
Weighted average basic common shares outstanding | 45,526 | 47,232 | 45,854 | 47,436 | ||||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | 11 | 1 | 12 | ||||||||
Performance shares | 135 | 136 | 115 | 128 | ||||||||
Restricted stock | 167 | 149 | 180 | 178 | ||||||||
Weighted average diluted common and potential common shares outstanding | 45,828 | 47,528 | 46,150 | 47,754 | ||||||||
Other_Income_net_Level_1_Notes
Other (Income), net Level 1 (Notes) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
OTHER (INCOME), NET [Abstract] | ||||||||||||||||
Other Income and Other Expense Disclosure [Text Block] | OTHER (INCOME) EXPENSE, NET | |||||||||||||||
The components of other (income) expense, net, were as follows (in thousands): | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Sale of assets | $ | (155 | ) | $ | (70 | ) | $ | (687 | ) | $ | (383 | ) | ||||
Results of non-consolidated subsidiaries | 43 | (234 | ) | (142 | ) | (481 | ) | |||||||||
Foreign exchange | 518 | (610 | ) | 3,040 | (280 | ) | ||||||||||
Rents and royalties | (156 | ) | (214 | ) | (599 | ) | (809 | ) | ||||||||
Insurance recovery | (336 | ) | (1,023 | ) | (882 | ) | (4,490 | ) | ||||||||
Legal entity realignment | — | — | — | 1,860 | ||||||||||||
NYSE Euronext Amsterdam listing | — | — | — | 923 | ||||||||||||
Other, net | 127 | (105 | ) | (648 | ) | (290 | ) | |||||||||
Total other (income) expense, net | $ | 41 | $ | (2,256 | ) | $ | 82 | $ | (3,950 | ) | ||||||
We incurred property losses during Hurricane Isaac in 2012. During 2013, the insurer agreed to pay a portion of the claim which resulted in a net gain of $0.9 million after related expenses and the disposal of the assets. The insurer is continuing to review the remainder of the claim. | ||||||||||||||||
During the second quarter of 2012, we incurred legal, accounting and other fees in connection with the realignment of certain of our legal entities into a more cost effective structure and the listing of our shares on the NYSE Euronext Amsterdam Stock Exchange. | ||||||||||||||||
As a result of a supply disruption in 2011 from a key vendor that provided certain high performance specialty steel tubulars used with our perforating systems, we filed a claim under our business interruption insurance policy which was fully settled during 2012 for $4.4 million. We recorded a gain of $3.4 million in the first quarter of 2012 for the initial payment and a gain of $1.0 million in the third quarter of 2012 when the claim was settled and closed. | ||||||||||||||||
Foreign exchange (gain) loss by currency is summarized in the following table (in thousands): | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Australian Dollar | $ | 182 | $ | 47 | $ | 391 | $ | 32 | ||||||||
British Pound | (430 | ) | (127 | ) | 111 | (68 | ) | |||||||||
Canadian Dollar | (278 | ) | (581 | ) | 690 | (599 | ) | |||||||||
Euro | 266 | (59 | ) | 620 | (66 | ) | ||||||||||
Indonesian Rupiah | 320 | 18 | 373 | 158 | ||||||||||||
Malaysian Ringgit | 144 | (33 | ) | 332 | 46 | |||||||||||
Mexican Peso | 52 | (179 | ) | 116 | (140 | ) | ||||||||||
Russian Ruble | 16 | 164 | (38 | ) | 108 | |||||||||||
Other currencies, net | 246 | 140 | 445 | 249 | ||||||||||||
Total (gain) loss | $ | 518 | $ | (610 | ) | $ | 3,040 | $ | (280 | ) | ||||||
Income_Tax_Expense_Level_1_Not
Income Tax Expense Level 1 (Notes) | 9 Months Ended |
Sep. 30, 2013 | |
INCOME TAX EXPENSE [Abstract] | |
Income Tax Disclosure [Text Block] | INCOME TAX EXPENSE |
The effective tax rates for the three months ended September 30, 2013 and 2012 were 24.9% and 25.5%, respectively. The effective tax rates for the year-to-date 2013 and 2012 were 25.2% and 24.9%, respectively. The change in tax expense reflects the change in activity levels among jurisdictions with different tax rates. | |
Segment_Reporting_Level_1_Note
Segment Reporting Level 1 (Notes) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Segment Reporting [Abstract] | ||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | SEGMENT REPORTING | |||||||||||||||||||
We operate our business in three reportable segments: (1) Reservoir Description, (2) Production Enhancement and (3) Reservoir Management. These segments provide different services and products and utilize different technologies. | ||||||||||||||||||||
• | Reservoir Description: Encompasses the characterization of petroleum reservoir rock, fluid and gas samples. We provide analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry. | |||||||||||||||||||
• | Production Enhancement: Includes services and products relating to reservoir well completions, perforations, stimulations and production. We provide integrated services to evaluate the effectiveness of well completions and to develop solutions aimed at increasing the effectiveness of enhanced oil recovery projects. | |||||||||||||||||||
• | Reservoir Management: Combines and integrates information from reservoir description and production enhancement services to increase production and improve recovery of oil and gas from our clients' reservoirs. | |||||||||||||||||||
Results for these segments are presented below. We use the same accounting policies to prepare our segment results as are used to prepare our Consolidated Financial Statements. All interest and other non-operating income (expense) is attributable to the Corporate & Other area and is not allocated to specific segments. Summarized financial information concerning our segments is shown in the following table (in thousands): | ||||||||||||||||||||
(Unaudited) | Reservoir Description | Production Enhancement | Reservoir Management | Corporate & Other 1 | Consolidated | |||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||
Revenues from unaffiliated customers | $ | 131,533 | $ | 119,511 | $ | 22,119 | $ | — | $ | 273,163 | ||||||||||
Inter-segment revenues | 656 | 791 | 301 | (1,748 | ) | — | ||||||||||||||
Segment operating income (loss) | 35,938 | 42,284 | 6,516 | (142 | ) | 84,596 | ||||||||||||||
Total assets (at end of period) | 320,505 | 261,970 | 37,005 | 37,996 | 657,476 | |||||||||||||||
Capital expenditures | 5,414 | 1,467 | 285 | 1,887 | 9,053 | |||||||||||||||
Depreciation and amortization | 3,856 | 2,196 | 312 | 389 | 6,753 | |||||||||||||||
Three Months Ended September 30, 2012 | ||||||||||||||||||||
Revenues from unaffiliated customers | $ | 124,156 | $ | 100,871 | $ | 20,401 | $ | — | $ | 245,428 | ||||||||||
Inter-segment revenues | 638 | 972 | 295 | (1,905 | ) | — | ||||||||||||||
Segment operating income (loss) | 36,780 | 32,339 | 6,029 | 232 | 75,380 | |||||||||||||||
Total assets (at end of period) | 289,830 | 247,907 | 28,194 | 72,601 | 638,532 | |||||||||||||||
Capital expenditures | 4,448 | 1,882 | 290 | 2,640 | 9,260 | |||||||||||||||
Depreciation and amortization | 3,557 | 1,874 | 188 | 840 | 6,459 | |||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||
Revenues from unaffiliated customers | $ | 386,000 | $ | 337,141 | $ | 74,088 | $ | — | $ | 797,229 | ||||||||||
Inter-segment revenues | 2,131 | 2,468 | 1,124 | (5,723 | ) | — | ||||||||||||||
Segment operating income (loss) | 107,707 | 113,761 | 23,837 | 197 | 245,502 | |||||||||||||||
Total assets | 320,505 | 261,970 | 37,005 | 37,996 | 657,476 | |||||||||||||||
Capital expenditures | 17,267 | 5,406 | 1,321 | 2,994 | 26,988 | |||||||||||||||
Depreciation and amortization | 11,080 | 5,810 | 692 | 1,160 | 18,742 | |||||||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||
Revenues from unaffiliated customers | $ | 366,724 | $ | 297,151 | $ | 62,750 | $ | — | $ | 726,625 | ||||||||||
Inter-segment revenues | 1,934 | 2,055 | 1,099 | (5,088 | ) | — | ||||||||||||||
Segment operating income (loss) | 107,271 | 95,434 | 21,057 | (2,350 | ) | 221,412 | ||||||||||||||
Total assets | 289,830 | 247,907 | 28,194 | 72,601 | 638,532 | |||||||||||||||
Capital expenditures | 10,594 | 6,150 | 730 | 6,680 | 24,154 | |||||||||||||||
Depreciation and amortization | 10,549 | 4,374 | 530 | 1,966 | 17,419 | |||||||||||||||
(1) "Corporate & Other" represents those items that are not directly related to a particular segment and eliminations. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements Level 1 (Notes) | 9 Months Ended |
Sep. 30, 2013 | |
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract] | |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | 12. RECENT ACCOUNTING PRONOUNCEMENTS |
In February 2013, the FASB issued ASU 2013-02 relating to comprehensive income (FASB ASC Topic 220), which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component (the respective line items of net income). This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2012. We adopted this pronouncement for our fiscal year beginning January 1, 2013. The adoption of this pronouncement did not have a material effect on our consolidated financial statements. | |
In July 2013, the FASB issued ASU 2013-11 relating to income taxes (FASB ASC Topic 740), which provides guidance on the presentation of unrecognized tax benefits. The intent is to better reflect the manner in which an entity would settle at the reporting date any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. We are evaluating the impact that the adoption of this standard may have on our consolidated financial statements. |
Inventories_Tables
Inventories (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
INVENTORIES [Abstract] | ||||||||
Schedule of Inventory, Current [Table Text Block] | Inventories consist of the following (in thousands): | |||||||
September 30, | December 31, | |||||||
2013 | 2012 | |||||||
(Unaudited) | ||||||||
Finished goods | $ | 40,218 | $ | 38,572 | ||||
Parts and materials | 10,312 | 8,818 | ||||||
Work in progress | 3,116 | 1,875 | ||||||
Total inventories | $ | 53,646 | $ | 49,265 | ||||
Debt_Level_3_Tables
Debt Level 3 (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Debt and Capital Lease Obligations [Abstract] | ||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | Debt is summarized in the following table (in thousands): | |||||||
September 30, | December 31, | |||||||
2013 | 2012 | |||||||
(Unaudited) | ||||||||
Senior notes | $ | 150,000 | $ | 150,000 | ||||
Credit facility | 106,000 | 84,000 | ||||||
Capital lease obligations | 39 | 73 | ||||||
Total debt | 256,039 | 234,073 | ||||||
Less - current maturities of long-term debt and capital lease obligations | 32 | 40 | ||||||
Long-term debt and capital lease obligations, net | $ | 256,007 | $ | 234,033 | ||||
Pensions_and_Other_Postretirem1
Pensions and Other Postretirement Benefits Level 3 (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
PENSIONS AND OTHER POSTRETIREMENT BENEFITS [Abstract] | ||||||||||||||||
Schedule of Net Benefit Costs [Table Text Block] | The following table summarizes the components of net periodic pension cost under the Dutch Plan for the three and nine months ended September 30, 2013 and 2012 (in thousands): | |||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Service cost | $ | 394 | $ | 273 | $ | 1,178 | $ | 845 | ||||||||
Interest cost | 417 | 409 | 1,248 | 1,262 | ||||||||||||
Expected return on plan assets | (321 | ) | (292 | ) | (961 | ) | (902 | ) | ||||||||
Amortization of transition asset | (21 | ) | (21 | ) | (65 | ) | (65 | ) | ||||||||
Amortization of prior service cost | 39 | 39 | 119 | 119 | ||||||||||||
Amortization of actuarial loss | 117 | — | 351 | — | ||||||||||||
Net periodic pension cost | $ | 625 | $ | 408 | $ | 1,870 | $ | 1,259 | ||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | The following table summarizes the fair value balances (in thousands): | |||||||||||||||
(Unaudited) | Fair Value Measurement at | |||||||||||||||
September 30, 2013 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Deferred compensation trust assets (1) | $ | 16,043 | $ | — | $ | 16,043 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Deferred compensation plan | $ | 23,270 | $ | 1,791 | $ | 21,479 | $ | — | ||||||||
Fair Value Measurement at | ||||||||||||||||
December 31, 2012 | ||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||||||||
Assets: | ||||||||||||||||
Deferred compensation trust assets (1) | $ | 12,654 | $ | — | $ | 12,654 | $ | — | ||||||||
Liabilities: | ||||||||||||||||
Deferred compensation plan | $ | 18,579 | $ | 2,667 | $ | 15,912 | $ | — | ||||||||
(1) Trust assets consist of the cash surrender value of life insurance policies and are intended to assist in the funding of the deferred compensation plan. |
Equity_Level_3_Tables
Equity Level 3 (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||
Equity [Abstract] | ||||||||||||||||||||||||||||
Schedule of Stockholders Equity [Table Text Block] | The following table summarizes our changes in equity for the nine months ended September 30, 2013 (in thousands): | |||||||||||||||||||||||||||
(Unaudited) | Common Shares | Additional Paid-In Capital | Retained Earnings | Accumulated | Treasury Stock | Non-Controlling Interests | Total Equity | |||||||||||||||||||||
Other | ||||||||||||||||||||||||||||
Comprehensive Income (Loss) | ||||||||||||||||||||||||||||
December 31, 2012 | $ | 1,233 | $ | — | $ | 361,255 | $ | (8,413 | ) | $ | (171,845 | ) | $ | 5,683 | $ | 187,913 | ||||||||||||
Stock options exercised | — | (1,411 | ) | — | — | 1,494 | — | 83 | ||||||||||||||||||||
Stock based-awards | — | 2,291 | (327 | ) | — | 13,444 | — | 15,408 | ||||||||||||||||||||
Tax benefit of stock-based awards issued | — | 2,500 | — | — | — | — | 2,500 | |||||||||||||||||||||
Repurchase of common shares | — | — | — | — | (156,271 | ) | — | (156,271 | ) | |||||||||||||||||||
Dividends paid | — | — | (44,125 | ) | — | — | — | (44,125 | ) | |||||||||||||||||||
Cancellation of common shares | (30 | ) | (3,380 | ) | (123,985 | ) | — | 127,395 | — | — | ||||||||||||||||||
Amortization of deferred pension costs, net of tax | — | — | — | 305 | — | — | 305 | |||||||||||||||||||||
Net income (loss) | — | — | 178,087 | — | — | 391 | 178,478 | |||||||||||||||||||||
September 30, 2013 | $ | 1,203 | $ | — | $ | 370,905 | $ | (8,108 | ) | $ | (185,783 | ) | $ | 6,074 | $ | 184,291 | ||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Accumulated other comprehensive income (loss) consisted of the following (in thousands): | |||||||||||||||||||||||||||
September 30, | December 31, | |||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||||||||||
Prior service cost | $ | (526 | ) | $ | (616 | ) | ||||||||||||||||||||||
Transition asset | 146 | 195 | ||||||||||||||||||||||||||
Unrecognized net actuarial loss | (7,728 | ) | (7,992 | ) | ||||||||||||||||||||||||
Total accumulated other comprehensive income (loss) | $ | (8,108 | ) | $ | (8,413 | ) |
Earnings_per_Share_Level_3_Tab
Earnings per Share Level 3 (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ||||||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | The | |||||||||||
following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted earnings per share (in thousands): | ||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||
September 30, | September 30, | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||
(Unaudited) | (Unaudited) | |||||||||||
Weighted average basic common shares outstanding | 45,526 | 47,232 | 45,854 | 47,436 | ||||||||
Effect of dilutive securities: | ||||||||||||
Stock options | — | 11 | 1 | 12 | ||||||||
Performance shares | 135 | 136 | 115 | 128 | ||||||||
Restricted stock | 167 | 149 | 180 | 178 | ||||||||
Weighted average diluted common and potential common shares outstanding | 45,828 | 47,528 | 46,150 | 47,754 | ||||||||
Other_Income_net_Level_3_Table
Other (Income), net Level 3 (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
OTHER (INCOME), NET [Abstract] | ||||||||||||||||
ForeignCurrencyGainsLossesByCurrency [Table Text Block] | Foreign exchange (gain) loss by currency is summarized in the following table (in thousands): | |||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Australian Dollar | $ | 182 | $ | 47 | $ | 391 | $ | 32 | ||||||||
British Pound | (430 | ) | (127 | ) | 111 | (68 | ) | |||||||||
Canadian Dollar | (278 | ) | (581 | ) | 690 | (599 | ) | |||||||||
Euro | 266 | (59 | ) | 620 | (66 | ) | ||||||||||
Indonesian Rupiah | 320 | 18 | 373 | 158 | ||||||||||||
Malaysian Ringgit | 144 | (33 | ) | 332 | 46 | |||||||||||
Mexican Peso | 52 | (179 | ) | 116 | (140 | ) | ||||||||||
Russian Ruble | 16 | 164 | (38 | ) | 108 | |||||||||||
Other currencies, net | 246 | 140 | 445 | 249 | ||||||||||||
Total (gain) loss | $ | 518 | $ | (610 | ) | $ | 3,040 | $ | (280 | ) | ||||||
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | The components of other (income) expense, net, were as follows (in thousands): | |||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Sale of assets | $ | (155 | ) | $ | (70 | ) | $ | (687 | ) | $ | (383 | ) | ||||
Results of non-consolidated subsidiaries | 43 | (234 | ) | (142 | ) | (481 | ) | |||||||||
Foreign exchange | 518 | (610 | ) | 3,040 | (280 | ) | ||||||||||
Rents and royalties | (156 | ) | (214 | ) | (599 | ) | (809 | ) | ||||||||
Insurance recovery | (336 | ) | (1,023 | ) | (882 | ) | (4,490 | ) | ||||||||
Legal entity realignment | — | — | — | 1,860 | ||||||||||||
NYSE Euronext Amsterdam listing | — | — | — | 923 | ||||||||||||
Other, net | 127 | (105 | ) | (648 | ) | (290 | ) | |||||||||
Total other (income) expense, net | $ | 41 | $ | (2,256 | ) | $ | 82 | $ | (3,950 | ) | ||||||
Segment_Reporting_Level_3_Tabl
Segment Reporting Level 3 (Tables) | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||
Segment Reporting [Abstract] | ||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Summarized financial information concerning our segments is shown in the following table (in thousands): | |||||||||||||||||||
(Unaudited) | Reservoir Description | Production Enhancement | Reservoir Management | Corporate & Other 1 | Consolidated | |||||||||||||||
Three Months Ended September 30, 2013 | ||||||||||||||||||||
Revenues from unaffiliated customers | $ | 131,533 | $ | 119,511 | $ | 22,119 | $ | — | $ | 273,163 | ||||||||||
Inter-segment revenues | 656 | 791 | 301 | (1,748 | ) | — | ||||||||||||||
Segment operating income (loss) | 35,938 | 42,284 | 6,516 | (142 | ) | 84,596 | ||||||||||||||
Total assets (at end of period) | 320,505 | 261,970 | 37,005 | 37,996 | 657,476 | |||||||||||||||
Capital expenditures | 5,414 | 1,467 | 285 | 1,887 | 9,053 | |||||||||||||||
Depreciation and amortization | 3,856 | 2,196 | 312 | 389 | 6,753 | |||||||||||||||
Three Months Ended September 30, 2012 | ||||||||||||||||||||
Revenues from unaffiliated customers | $ | 124,156 | $ | 100,871 | $ | 20,401 | $ | — | $ | 245,428 | ||||||||||
Inter-segment revenues | 638 | 972 | 295 | (1,905 | ) | — | ||||||||||||||
Segment operating income (loss) | 36,780 | 32,339 | 6,029 | 232 | 75,380 | |||||||||||||||
Total assets (at end of period) | 289,830 | 247,907 | 28,194 | 72,601 | 638,532 | |||||||||||||||
Capital expenditures | 4,448 | 1,882 | 290 | 2,640 | 9,260 | |||||||||||||||
Depreciation and amortization | 3,557 | 1,874 | 188 | 840 | 6,459 | |||||||||||||||
Nine Months Ended September 30, 2013 | ||||||||||||||||||||
Revenues from unaffiliated customers | $ | 386,000 | $ | 337,141 | $ | 74,088 | $ | — | $ | 797,229 | ||||||||||
Inter-segment revenues | 2,131 | 2,468 | 1,124 | (5,723 | ) | — | ||||||||||||||
Segment operating income (loss) | 107,707 | 113,761 | 23,837 | 197 | 245,502 | |||||||||||||||
Total assets | 320,505 | 261,970 | 37,005 | 37,996 | 657,476 | |||||||||||||||
Capital expenditures | 17,267 | 5,406 | 1,321 | 2,994 | 26,988 | |||||||||||||||
Depreciation and amortization | 11,080 | 5,810 | 692 | 1,160 | 18,742 | |||||||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||
Revenues from unaffiliated customers | $ | 366,724 | $ | 297,151 | $ | 62,750 | $ | — | $ | 726,625 | ||||||||||
Inter-segment revenues | 1,934 | 2,055 | 1,099 | (5,088 | ) | — | ||||||||||||||
Segment operating income (loss) | 107,271 | 95,434 | 21,057 | (2,350 | ) | 221,412 | ||||||||||||||
Total assets | 289,830 | 247,907 | 28,194 | 72,601 | 638,532 | |||||||||||||||
Capital expenditures | 10,594 | 6,150 | 730 | 6,680 | 24,154 | |||||||||||||||
Depreciation and amortization | 10,549 | 4,374 | 530 | 1,966 | 17,419 | |||||||||||||||
Inventories_Inventories_Detail
Inventories Inventories (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventory, Finished Goods | $40,218 | $38,572 |
Inventory, Raw Materials and Purchased Parts, Net of Reserves | 10,312 | 8,818 |
Inventory, Work in Process | 3,116 | 1,875 |
Inventory, Net | $53,646 | $49,265 |
Debt_Level_4_Details
Debt Level 4 (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Debt Instrument [Line Items] | ||
Line of Credit Facility, Current Borrowing Capacity | $300,000,000 | |
Line of Credit Facility, Maximum Borrowing Capacity | 350,000,000 | |
Performance bonds under credit facility | 18,700,000 | |
Line of Credit Facility, Remaining Borrowing Capacity | 175,300,000 | |
Performance Bonds | 24,600,000 | |
Long-term Debt | 256,039,000 | 234,073,000 |
Long-term Debt, Excluding Current Maturities | 256,007,000 | 234,033,000 |
Line of Credit [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Maturity Date | 28-Sep-16 | |
Long-term Debt | 106,000,000 | 84,000,000 |
Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Face Amount | 150,000,000 | |
Long-term Debt | 150,000,000 | 150,000,000 |
senior notes series a [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Face Amount | 75,000,000 | |
Debt Instrument, Maturity Date | 30-Sep-21 | |
Debt Instrument, Interest Rate, Effective Percentage | 4.01% | |
Capital Lease Obligations [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 39,000 | 73,000 |
Short-term Debt [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt, Current Maturities | 32,000 | 40,000 |
Senior Notes Series B [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Face Amount | $75,000,000 | |
Debt Instrument, Maturity Date | 30-Sep-23 | |
Debt Instrument, Interest Rate, Effective Percentage | 4.11% | |
Minimum [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Basis Spread on Variable Rate | 1.50% | |
Maximum [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Basis Spread on Variable Rate | 2.25% |
Pensions_and_Other_Postretirem2
Pensions and Other Postretirement Benefits Level 4 (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefit Plan, Contributions by Employer | $2,000,000 | |||
Pension Plans, Defined Benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefit Plan, Service Cost | 394,000 | 273,000 | 1,178,000 | 845,000 |
Defined Benefit Plan, Interest Cost | 417,000 | 409,000 | 1,248,000 | 1,262,000 |
Defined Benefit Plan, Expected Return on Plan Assets | -321,000 | -292,000 | -961,000 | -902,000 |
Defined Benefit Plan, Amortization of Transition Obligations (Assets) | -21,000 | -21,000 | -65,000 | -65,000 |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 39,000 | 39,000 | 119,000 | 119,000 |
Defined Benefit Plan, Amortization of Gains (Losses) | 117,000 | 0 | 351,000 | 0 |
Defined Benefit Plan, Net Periodic Benefit Cost | $625,000 | $408,000 | $1,870,000 | $1,259,000 |
Pensions_and_Other_Postretirem3
Pensions and Other Postretirement Benefits Fair Value Measurement (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | $16,043 | $12,654 |
Liabilities, Fair Value Disclosure | 23,270 | 18,579 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Liabilities, Fair Value Disclosure | 1,791 | 2,667 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 16,043 | 12,654 |
Liabilities, Fair Value Disclosure | 21,479 | 15,912 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Liabilities, Fair Value Disclosure | $0 | $0 |
Commitments_and_Contingencies_1
Commitments and Contingencies Level 4 (Details) (Tax positions challenged during tax audit [Member], USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Tax positions challenged during tax audit [Member] | |
Loss Contingencies [Line Items] | |
Loss Contingency, Estimate of Possible Loss | $11 |
Equity_Level_4_Details
Equity Level 4 (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Common Stock, Value, Issued | $1,203,000 | $1,203,000 | $1,233,000 | |||
Stock Issued During Period, Value, Stock Options Exercised | 83,000 | |||||
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 15,408,000 | |||||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 2,500,000 | |||||
Stock Repurchased During Period, Value | -156,271,000 | |||||
Treasury Stock, Shares, Acquired | 362,776 | 1,105,286 | ||||
Dividends | -44,125,000 | |||||
Stock Repurchased and Retired During Period, Value | 0 | |||||
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Pension Cost, Net of Tax | 305,000 | |||||
Net income | 61,804,000 | 54,549,000 | 178,478,000 | 161,430,000 | ||
Treasury Stock, Value, Acquired, Cost Method | 55,900,000 | 156,300,000 | ||||
TreasurySharesAcquiredTaxBurden | 5,964 | 32,297 | ||||
TreasurySharesAcquiredValueTaxBurden | 900,000 | 4,600,000 | ||||
Treasury Stock, Shares, Retired | 1,149,582 | |||||
Cash dividends per share | $0.32 | $0.28 | $0.96 | $0.84 | ||
Common Stock, Dividends, Per Share, Declared | $0.32 | |||||
Retained Earnings (Accumulated Deficit) | 370,905,000 | 370,905,000 | 361,255,000 | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax | -8,108,000 | -8,108,000 | -8,413,000 | |||
Treasury Stock, Value | 185,783,000 | 185,783,000 | 171,845,000 | |||
Stockholders' Equity Attributable to Noncontrolling Interest | 6,074,000 | 6,074,000 | 5,683,000 | |||
TOTAL EQUITY | 184,291,000 | 184,291,000 | 187,913,000 | |||
Common Stock [Member] | ||||||
Common Stock, Value, Issued | 1,203,000 | 1,203,000 | 1,233,000 | |||
Stock Issued During Period, Value, Stock Options Exercised | 0 | |||||
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 0 | |||||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 0 | |||||
Stock Repurchased During Period, Value | 0 | |||||
Dividends | 0 | |||||
Stock Repurchased and Retired During Period, Value | -30,000 | |||||
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Pension Cost, Net of Tax | 0 | |||||
Net income | 0 | |||||
Additional Paid-in Capital [Member] | ||||||
Additional Paid in Capital | 0 | 0 | 0 | |||
Stock Issued During Period, Value, Stock Options Exercised | -1,411,000 | |||||
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 2,291,000 | |||||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 2,500,000 | |||||
Stock Repurchased During Period, Value | 0 | |||||
Dividends | 0 | |||||
Stock Repurchased and Retired During Period, Value | -3,380,000 | |||||
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Pension Cost, Net of Tax | 0 | |||||
Net income | 0 | |||||
Retained Earnings [Member] | ||||||
Stock Issued During Period, Value, Stock Options Exercised | 0 | |||||
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | -327,000 | |||||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 0 | |||||
Stock Repurchased During Period, Value | 0 | |||||
Dividends | -44,125,000 | |||||
Stock Repurchased and Retired During Period, Value | -123,985,000 | |||||
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Pension Cost, Net of Tax | 0 | |||||
Retained Earnings (Accumulated Deficit) | 370,905,000 | 370,905,000 | 361,255,000 | |||
Accumulated Other Comprehensive Income (Loss) [Member] | ||||||
Stock Issued During Period, Value, Stock Options Exercised | 0 | |||||
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 0 | |||||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 0 | |||||
Stock Repurchased During Period, Value | 0 | |||||
Dividends | 0 | |||||
Stock Repurchased and Retired During Period, Value | 0 | |||||
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Pension Cost, Net of Tax | 305,000 | |||||
Net income | 0 | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | -8,108,000 | -8,108,000 | -8,413,000 | |||
Treasury Stock [Member] | ||||||
Stock Issued During Period, Value, Stock Options Exercised | 1,494,000 | |||||
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 13,444,000 | |||||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 0 | |||||
Stock Repurchased During Period, Value | -156,271,000 | |||||
Dividends | 0 | |||||
Stock Repurchased and Retired During Period, Value | 127,395,000 | |||||
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Pension Cost, Net of Tax | 0 | |||||
Net income | 0 | |||||
Treasury Stock, Value | -185,783,000 | -185,783,000 | -171,845,000 | |||
Noncontrolling Interest [Member] | ||||||
Stock Issued During Period, Value, Stock Options Exercised | 0 | |||||
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | 0 | |||||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | 0 | |||||
Stock Repurchased During Period, Value | 0 | |||||
Dividends | 0 | |||||
Stock Repurchased and Retired During Period, Value | 0 | |||||
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Pension Cost, Net of Tax | 0 | |||||
Stockholders' Equity Attributable to Noncontrolling Interest | $6,074,000 | $6,074,000 | $5,683,000 |
Equity_Comprehensive_Income_De
Equity Comprehensive Income (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Prior service cost | ($526) | ($526) | ($616) | ||
Transition asset | 146 | 146 | 195 | ||
Unrecognized net actuarial loss | -7,728 | -7,728 | -7,992 | ||
Net income | 61,804 | 54,549 | 178,478 | 161,430 | |
Amortization of deferred pension costs, net of tax | 305 | ||||
Total accumulated other comprehensive income (loss) | ($8,108) | ($8,108) | ($8,413) |
Earnings_per_Share_Level_4_Det
Earnings per Share Level 4 (Details) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Weighted Average Number of Shares Outstanding, Basic | 45,526 | 47,232 | 45,854 | 47,436 |
Incremental Common Shares Attributable to Stock Options | 0 | 11 | 1 | 12 |
Incremental Common Shares Attributable to Contingently Issuable Shares | 135 | 136 | 115 | 128 |
Weighted Average Number of Shares, Restricted Stock | 167 | 149 | 180 | 178 |
Weighted Average Number of Shares Outstanding, Diluted | 45,828 | 47,528 | 46,150 | 47,754 |
Other_Income_net_Level_4_Detai
Other (Income), net Level 4 (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2012 | |
Gains (Losses) on Sales of Assets [Member] | Gains (Losses) on Sales of Assets [Member] | Gains (Losses) on Sales of Assets [Member] | Gains (Losses) on Sales of Assets [Member] | Income (Loss) from Equity Method Investments [Member] | Income (Loss) from Equity Method Investments [Member] | Income (Loss) from Equity Method Investments [Member] | Income (Loss) from Equity Method Investments [Member] | Foreign Currency Gain (Loss) [Member] | Foreign Currency Gain (Loss) [Member] | Foreign Currency Gain (Loss) [Member] | Foreign Currency Gain (Loss) [Member] | Other Operating Expense [Member] | Other Operating Expense [Member] | Other Operating Expense [Member] | Other Operating Expense [Member] | Rents And Royalties Income Loss [Member] | Rents And Royalties Income Loss [Member] | Rents And Royalties Income Loss [Member] | Rents And Royalties Income Loss [Member] | gain loss on insurance recovery [Member] | gain loss on insurance recovery [Member] | gain loss on insurance recovery [Member] | Legal entity realignment [Member] | Legal entity realignment [Member] | Legal entity realignment [Member] | Legal entity realignment [Member] | RegistrationExpenseEuronext [Member] | RegistrationExpenseEuronext [Member] | RegistrationExpenseEuronext [Member] | RegistrationExpenseEuronext [Member] | Component of Other Income, Nonoperating, Name [Domain] | Component of Other Income, Nonoperating, Name [Domain] | Component of Other Income, Nonoperating, Name [Domain] | Component of Other Income, Nonoperating, Name [Domain] | gain loss on fire insurance recovery [Member] | Gainlossonbusinessinterruptioninsuranc [Member] | Gainlossonbusinessinterruptioninsuranc [Member] | Gainlossonbusinessinterruptioninsuranc [Member] | |
gain loss on insurance recovery [Member] | gain loss on insurance recovery [Member] | gain loss on insurance recovery [Member] | gain loss on insurance recovery [Member] | ||||||||||||||||||||||||||||||||||||
Component of Operating Other Cost and Expense [Line Items] | |||||||||||||||||||||||||||||||||||||||
Other Nonoperating Income (Expense) | ($155,000) | ($70,000) | ($687,000) | ($383,000) | $43,000 | ($234,000) | ($142,000) | ($481,000) | $518,000 | ($610,000) | $3,040,000 | ($280,000) | $127,000 | ($105,000) | ($648,000) | ($290,000) | ($156,000) | ($214,000) | ($599,000) | ($809,000) | ($336,000) | ($1,023,000) | ($882,000) | $0 | $0 | $0 | $1,860,000 | $0 | $0 | $0 | $923,000 | $41,000 | ($2,256,000) | $82,000 | ($3,950,000) | ($4,490,000) | ($1,000,000) | $3,400,000 | $4,400,000 |
Other_Income_net_Foreign_Curre
Other (Income), net Foreign Currency (Gain ) Loss by Currency (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Foreign Currency Transaction Gain (Loss), before Tax | $518 | ($610) | $3,040 | ($280) |
AustralianDollar [Member] | ||||
Foreign Currency Transaction Gain (Loss), before Tax | 182 | 47 | 391 | 32 |
British Pound [Member] | ||||
Foreign Currency Transaction Gain (Loss), before Tax | -430 | -127 | 111 | -68 |
Canadian Dollar [Member] | ||||
Foreign Currency Transaction Gain (Loss), before Tax | -278 | -581 | 690 | -599 |
Euro [Member] | ||||
Foreign Currency Transaction Gain (Loss), before Tax | 266 | -59 | 620 | -66 |
Indonesian Rupiah [Member] | ||||
Foreign Currency Transaction Gain (Loss), before Tax | 320 | 18 | 373 | 158 |
Malaysian Ringgit [Member] | ||||
Foreign Currency Transaction Gain (Loss), before Tax | 144 | -33 | 332 | 46 |
Mexican Peso [Member] | ||||
Foreign Currency Transaction Gain (Loss), before Tax | 52 | -179 | 116 | -140 |
Russian Ruble [Member] | ||||
Foreign Currency Transaction Gain (Loss), before Tax | 16 | 164 | -38 | 108 |
Other Currencies Net [Member] | ||||
Foreign Currency Transaction Gain (Loss), before Tax | $246 | $140 | $445 | $249 |
Income_Tax_Expense_Level_4_Det
Income Tax Expense Level 4 (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
INCOME TAX EXPENSE [Abstract] | ||||
Effective Income Tax Rate, Continuing Operations | 24.90% | 25.50% | 25.20% | 24.90% |
Segment_Reporting_Level_4_Deta
Segment Reporting Level 4 (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | |||||
TOTAL ASSETS | $657,476 | $638,532 | $657,476 | $638,532 | $636,516 |
Capital expenditures | 9,053 | 9,260 | 26,988 | 24,154 | |
Depreciation and amortization | 6,753 | 6,459 | 18,742 | 17,419 | |
Total Revenue | 273,163 | 245,428 | 797,229 | 726,625 | |
Segment Reporting Information, Intersegment Revenue | 0 | 0 | 0 | 0 | |
OPERATING INCOME | 84,596 | 75,380 | 245,502 | 221,412 | |
Operating Segment Reservoir Description [Member] | |||||
Segment Reporting Information [Line Items] | |||||
TOTAL ASSETS | 320,505 | 289,830 | 320,505 | 289,830 | |
Capital expenditures | 5,414 | 4,448 | 17,267 | 10,594 | |
Depreciation and amortization | 3,856 | 3,557 | 11,080 | 10,549 | |
Total Revenue | 131,533 | 124,156 | 386,000 | 366,724 | |
Segment Reporting Information, Intersegment Revenue | 656 | 638 | 2,131 | 1,934 | |
OPERATING INCOME | 35,938 | 36,780 | 107,707 | 107,271 | |
Operating Segment Production Enhancement [Member] | |||||
Segment Reporting Information [Line Items] | |||||
TOTAL ASSETS | 261,970 | 247,907 | 261,970 | 247,907 | |
Capital expenditures | 1,467 | 1,882 | 5,406 | 6,150 | |
Depreciation and amortization | 2,196 | 1,874 | 5,810 | 4,374 | |
Total Revenue | 119,511 | 100,871 | 337,141 | 297,151 | |
Segment Reporting Information, Intersegment Revenue | 791 | 972 | 2,468 | 2,055 | |
OPERATING INCOME | 42,284 | 32,339 | 113,761 | 95,434 | |
Operating Segment Reservoir Management [Member] | |||||
Segment Reporting Information [Line Items] | |||||
TOTAL ASSETS | 37,005 | 28,194 | 37,005 | 28,194 | |
Capital expenditures | 285 | 290 | 1,321 | 730 | |
Depreciation and amortization | 312 | 188 | 692 | 530 | |
Total Revenue | 22,119 | 20,401 | 74,088 | 62,750 | |
Segment Reporting Information, Intersegment Revenue | 301 | 295 | 1,124 | 1,099 | |
OPERATING INCOME | 6,516 | 6,029 | 23,837 | 21,057 | |
Operating Segment Corporate And Other [Member] | |||||
Segment Reporting Information [Line Items] | |||||
TOTAL ASSETS | 37,996 | 72,601 | 37,996 | 72,601 | |
Capital expenditures | 1,887 | 2,640 | 2,994 | 6,680 | |
Depreciation and amortization | 389 | 840 | 1,160 | 1,966 | |
Total Revenue | 0 | 0 | 0 | 0 | |
Segment Reporting Information, Intersegment Revenue | -1,748 | -1,905 | -5,723 | -5,088 | |
OPERATING INCOME | ($142) | $232 | $197 | ($2,350) |