Oil States International (OIS) 10-Q 30 Apr 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 28, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	OIL STATES INTERNATIONAL, INC
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		51,592,033
Amendment Flag	FALSE
Entity Central Index Key	1121484
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Unaudited_Condensed_Consolidat

Unaudited Condensed Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues	$337,358	$405,237
Costs and expenses:
Cost of sales and services	237,722	272,371
Selling, general and administrative expenses	35,605	41,409
Depreciation and amortization expense	32,579	30,787
Other operating (income) expense	-2,308	1,404
	303,598	345,971
Operating income	33,760	59,266
Interest expense	-1,708	-8,046
Interest income	136	116
Other income	466	1,527
Income from continuing operations before income taxes	32,654	52,863
Income tax provision	-13,252	-18,142
Net income from continuing operations	19,402	34,721
Net income from discontinued operations, net of tax	166	36,795
Net income	19,568	71,516
Less: Net income attributable to noncontrolling interest		12
Net income attributable to Oil States International, Inc.	19,568	71,504
Net income attributable to Oil States International, Inc.:
Continuing operations	19,402	34,709
Discontinued operations	$166	$36,795
Basic net income per share attributable to Oil States International, Inc. common stockholders from:
Continuing operations (in Dollars per share)	$0.38	$0.65
Discontinued operations (in Dollars per share)		$0.68
Net income (in Dollars per share)	$0.38	$1.33
Diluted net income per share attributable to Oil States International, Inc. common stockholders from:
Continuing operations (in Dollars per share)	$0.38	$0.64
Discontinued operations (in Dollars per share)		$0.68
Net income (in Dollars per share)	$0.38	$1.32
Weighted average number of common shares outstanding:
Basic (in Shares)	50,826	53,288
Diluted (in Shares)	50,936	53,588

Unaudited_Condensed_Consolidat1

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net income	$19,568	$71,516
Other comprehensive loss:
Foreign currency translation adjustment	-14,490	-20
Unrealized loss on forward contracts, net of tax	-52
Total other comprehensive loss	-14,542	-20
Comprehensive income	5,026	71,496
Less: Comprehensive loss attributable to noncontrolling interest		-53
Comprehensive income attributable to Oil States International, Inc.	$5,026	$71,549

Consolidated_Balance_Sheets_Cu

Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$72,049	$53,263
Accounts receivable, net	377,132	497,124
Inventories, net	237,862	232,490
Prepaid expenses and other current assets	39,226	43,789
Total current assets	726,269	826,666
Property, plant, and equipment, net	659,605	649,846
Goodwill, net	265,295	252,201
Other intangible assets, net	64,128	52,935
Other noncurrent assets	30,091	27,964
Total assets	1,745,388	1,809,612
Current liabilities:
Accounts payable	79,519	108,949
Accrued liabilities	60,811	96,130
Income taxes	10,881	9,195
Current portion of long-term debt and capitalized leases	523	530
Deferred revenue	46,923	48,948
Other current liabilities	13,268	7,660
Total current liabilities	211,925	271,412
Long-term debt and capitalized leases	205,740	146,835
Deferred income taxes	40,287	33,913
Other noncurrent liabilities	19,597	16,795
Total liabilities	477,549	468,955
Oil States International, Inc. stockholders’ equity:
Common stock, $.01 par value, 200,000,000 shares authorized, 61,490,615 shares and 60,940,734 shares issued, respectively, and 51,591,765 shares and 53,017,359 shares outstanding, respectively	615	610
Additional paid-in capital	691,852	685,232
Retained earnings	1,170,834	1,151,266
Accumulated other comprehensive loss	-36,642	-22,100
Common stock held in treasury at cost, 9,898,850 and 7,923,375 shares, respectively	-558,820	-474,351
Total Oil States International, Inc. stockholders’ equity	1,267,839	1,340,657
Total stockholders’ equity	1,267,839	1,340,657
Total liabilities and stockholders’ equity	$1,745,388	$1,809,612

Consolidated_Balance_Sheets_Cu1

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Common stock, par value (in Dollars per share)	$0.01	$0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	61,490,615	60,940,734
Common stock, shares outstanding	51,591,765	53,017,359
Treasury stock, shares	9,898,850	7,923,375

Unaudited_Condensed_Consolidat2

Unaudited Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income	$19,568	$71,516
Adjustments to reconcile net income to net cash provided by operating activities:
Income from discontinued operations	-166	-36,795
Depreciation and amortization	32,579	30,787
Deferred income tax expense (benefit)	5,923	-6,261
Tax impact of share-based payment arrangements	40	-1,660
Provision for bad debt	-617	1,829
Gain on disposals of assets	-313	-1,242
Non-cash compensation charge	5,660	5,760
Amortization of deferred financing costs	195	823
Other, net	-253	-58
Changes in operating assets and liabilities, net of effect from acquired businesses:
Accounts receivable	117,900	-9,195
Inventories	-6,235	-11,766
Accounts payable and accrued liabilities	-65,124	-25,199
Taxes payable	2,889	1,577
Other operating assets and liabilities, net	2,345	1,833
Net cash flows provided by continuing operating activities	114,391	21,949
Net cash flows provided by discontinued operating activities	260	83,362
Net cash flows provided by operating activities	114,651	105,311
Cash flows from investing activities:
Capital expenditures	-38,282	-39,901
Acquisitions of businesses, net of cash acquired	-33,948
Proceeds from disposition of property, plant and equipment	437	1,980
Other, net	193	-386
Net cash flows used in continuing investing activities	-71,600	-38,307
Net cash flows used in discontinued investing activities		-63,295
Net cash flows used in investing activities	-71,600	-101,602
Cash flows from financing activities:
Revolving credit borrowings, net	59,030
Debt and capital lease repayments	-131	-129
Issuance of common stock from share-based payment arrangements	1,008	3,346
Purchase of treasury stock	-77,401	-141,043
Tax impact of share-based payment arrangements	-40	1,660
Shares added to treasury stock as a result of net share settlements due to vesting of restricted stock	-6,084	-4,915
Other, net	1	-1
Net cash flows used in continuing financing activities	-23,617	-141,082
Net cash flows used in discontinued financing activities		-1
Net cash flows used in financing activities	-23,617	-141,083
Effect of exchange rate changes on cash	-648	-7,059
Net change in cash and cash equivalents	18,786	-144,433
Cash and cash equivalents, beginning of period	53,263	599,306
Cash and cash equivalents, end of period	$72,049	$454,873

Consolidated_Statement_of_Stoc

Consolidated Statement of Stockholders' Equity (USD $)	Excluding Intercompany Notes [Member]	Excluding Intercompany Notes [Member]	Intercompany Notes [Member]	Intercompany Notes [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
In Thousands	AOCI Attributable to Parent [Member]		AOCI Attributable to Parent [Member]
Balance at Dec. 31, 2014					$610	$685,232	$1,151,266	($22,100)	($474,351)	$1,340,657
Net income.							19,568			19,568
Currency translation adjustment	-13,819	-13,819	-671	-671
Unrealized loss on forward contracts, net of tax								-52		-52
Exercise of stock options, including tax impact					1	967				968
Amortization of restricted stock compensation						4,665				4,665
Stock option expense						995				995
Restricted stock awards granted					4	-4
Surrender of stock to pay taxes on restricted stock awards									-6,084	-6,084
OIS common stock withdrawn from deferred compensation plan						-3			3
Stock repurchases									-78,388	-78,388
Balance at Mar. 31, 2015					$615	$691,852	$1,170,834	($36,642)	($558,820)	$1,267,839

Note_1_Organization_and_Basis_

Note 1 - Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1	ORGANIZATION AND BASIS OF PRESENTATION
	The accompanying unaudited condensed consolidated financial statements of Oil States International, Inc. and its wholly-owned subsidiaries (referred to in this report as we or the Company) have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the Commission) pertaining to interim financial information. Certain information in footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to these rules and regulations. The unaudited financial statements included in this report reflect all the adjustments, consisting of normal recurring adjustments, which the Company considers necessary for a fair presentation of the results of operations for the interim periods covered and for the financial condition of the Company at the date of the interim balance sheet. Results for the interim periods are not necessarily indicative of results for the full year.
	On May 30, 2014, we completed the spin-off of our accommodations business into a stand-alone, publicly traded corporation (Civeo Corporation, or Civeo) (the Spin-Off). The results of operations for our accommodations business have been classified as discontinued operations for all periods presented. Unless indicated otherwise, the information in the Notes to the Consolidated Financial Statements relates to our continuing operations.
	The preparation of condensed consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions, upon which the financial statements are based, change in future periods, actual amounts may differ from those included in the accompanying condensed consolidated financial statements.
	The financial statements included in this report should be read in conjunction with the Company’s audited financial statements and accompanying notes included in its Annual Report on Form 10-K for the year ended December 31, 2014 (the 2014 Form 10-K).

Note_2_Recent_Accounting_Prono

Note 2 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	2	RECENT ACCOUNTING PRONOUNCEMENTS
	From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s consolidated financial statements upon adoption.
	In April 2015, the FASB issued guidance on the presentation of debt issuance costs which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this guidance. For public business entities, this guidance is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. We do not expect that the adoption of this standard will have a material effect on our consolidated financial statements.

Note_3_Details_of_Selected_Bal

Note 3 - Details of Selected Balance Sheet Accounts	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Supplemental Balance Sheet Disclosures [Text Block]	3	DETAILS OF SELECTED BALANCE SHEET ACCOUNTS
	Additional information regarding selected balance sheet accounts at March 31, 2015 and December 31, 2014 is presented below (in thousands):
			MARCH 31,			DECEMBER 31,
			2015			2014
	Accounts receivable, net:
	Trade		$	253,517		$	348,115
	Unbilled revenue			125,220			148,371
	Other			4,686			7,763
	Total accounts receivable			383,423			504,249
	Allowance for doubtful accounts			(6,291	)		(7,125	)
			$	377,132		$	497,124
			MARCH 31,			DECEMBER 31,
			2015			2014
	Inventories, net:
	Finished goods and purchased products		$	106,041		$	94,955
	Work in process			48,958			49,631
	Raw materials			93,367			97,780
	Total inventories			248,366			242,366
	Allowance for excess, damaged, or obsolete inventory			(10,504	)		(9,876	)
			$	237,862		$	232,490
			Estimated			MARCH 31,			DECEMBER 31,
			Useful Life			2015			2014
			(years)
	Property, plant and equipment, net:
	Land					$	28,051		$	29,850
	Buildings and leasehold improvements			Mar-40			179,579			175,421
	Machinery and equipment			28-Feb			446,555			438,980
	Completion services equipment			10-Feb			399,959			387,165
	Office furniture and equipment			10-Jan			31,252			30,647
	Vehicles			10-Jan			130,569			129,922
	Construction in progress						81,425			74,088
	Total property, plant and equipment						1,297,390			1,266,073
	Accumulated depreciation						(637,785	)		(616,227	)
						$	659,605		$	649,846
			MARCH 31,			DECEMBER 31,
			2015			2014
	Accrued liabilities:
	Accrued compensation		$	21,669		$	58,979
	Insurance liabilities			11,788			11,300
	Accrued taxes, other than income taxes			6,777			4,851
	Accrued commissions			2,977			3,622
	Accrued product warranty reserves			2,806			2,810
	Other			14,794			14,568
			$	60,811		$	96,130

Note_4_Accumulated_Other_Compr

Note 4 - Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	4	ACCUMULATED OTHER COMPREHENSIVE LOSS
	Our accumulated other comprehensive loss increased from $22.1 million at December 31, 2014 to $36.6 million at March 31, 2015 primarily as a result of foreign currency exchange rate differences. Our accumulated other comprehensive loss is primarily related to fluctuations in the foreign currency exchange rates compared to the U.S. dollar for the foreign operations of our reportable segments (primarily in the United Kingdom, Brazil, Thailand and Canada.) During the first quarter of 2015, the U.S. dollar strengthened significantly relative to the majority of key foreign currencies, and, as a result, our accumulated other comprehensive loss increased.

Note_5_Earnings_Per_Share

Note 5 - Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	5	EARNINGS PER SHARE
	The numerator (income) and denominator (shares) used for the computation of basic and diluted earnings per share were as follows (in thousands):
			THREE MONTHS ENDED MARCH 31,
			2015					2014
			Income			Shares		Income			Shares
	Basic:
	Net income attributable to Oil States International, Inc.		$	19,568				$	71,504
	Less: Undistributed net income allocable to participating securities			(409	)				(781	)
	Undistributed net income applicable to common stockholders			19,159					70,723
	Less: Income from discontinued operations, net of tax			(166	)				(36,795	)
	Add: Undistributed net income from discontinued operations allocable to participating securities			3					402
	Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic		$	18,996			50,826	$	34,330			53,288
	Diluted:
	Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic		$	18,996			50,826	$	34,330			53,288
	Effect of dilutive securities:
	Undistributed net income reallocated to participating securities			1			--		2			--
	Options on common stock			--			101		--			283
	Restricted stock awards and other			--			9		--			17
	Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted			18,997			50,936		34,332			53,588
	Income from discontinued operations, net of tax, applicable to Oil States International, Inc. common stockholders			163					36,393
	Undistributed net income reallocated to participating securities			--					2
	Net income attributable to Oil States International, Inc. common stockholders – Diluted		$	19,160			50,936	$	70,727			53,588
	Our calculation of diluted earnings per share for the three months ended March 31, 2015 and 2014 excluded 713,187 shares and 198,405 shares, respectively, issuable pursuant to outstanding stock options and restricted stock awards, due to their antidilutive effect.

Note_6_Business_Acquisitions_a

Note 6 - Business Acquisitions and Goodwill	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	6	BUSINESS ACQUISITIONS AND GOODWILL
	On January 2, 2015, we acquired all of the equity of Montgomery Machine Company, Inc. (MMC). Headquartered in Houston, Texas, MMC combines machining and proprietary cladding technology and services to manufacture high-specification components for the offshore capital equipment industry on a global basis. We believe that the acquisition of MMC will strengthen our position in our offshore products segment as a supplier of subsea components with enhanced capabilities, proprietary technology and logistical advantages. Our purchase price allocation is preliminary and subject to customary post-closing adjustments, total transaction consideration was $33.9 million in cash, net of cash acquired, funded from amounts available under the Company’s credit facility. The operations of MMC have been included in our offshore products segment since the acquisition date.
	Changes in the carrying amount of goodwill for the three month period ended March 31, 2015 were as follows (in thousands):
			Well Site Services
			Completion Services			Drilling Services			Subtotal			Accommodations		Offshore Products			Total
	Balance as of December 31, 2014
	Goodwill		$	200,967		$	22,767		$	223,734		$	--	$	145,762		$	369,496
	Accumulated Impairment Losses			(94,528	)		(22,767	)		(117,295	)		--		--			(117,295	)
				106,439			--			106,439			--		145,762			252,201
	Goodwill acquired and purchase price adjustments			--			--			--			--		14,420			14,420
	Foreign currency translation and other changes			(1,066	)		--			(1,066	)		--		(260	)		(1,326	)
			$	105,373		$	--		$	105,373		$	--	$	159,922		$	265,295
	Balance as of March 31, 2015
	Goodwill		$	199,901		$	22,767		$	222,668		$	--	$	159,922		$	382,590
	Accumulated Impairment Losses			(94,528	)		(22,767	)		(117,295	)		--		--			(117,295	)
			$	105,373		$	--		$	105,373		$	--	$	159,922		$	265,295

Note_7_Discontinued_Operations

Note 7 - Discontinued Operations	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	7	DISCONTINUED OPERATIONS
	On May 30, 2014, we completed the Spin-Off of our accommodations business, Civeo Corporation, to the Company’s stockholders. On May 30, 2014, the stockholders of record of Oil States common stock as of the close of business on May 21, 2014 (the Record Date) received two shares of Civeo common stock for each share of Oil States common stock held as of the Record Date. Following the Spin-Off, Oil States ceased to own any shares of Civeo common stock.
	On September 6, 2013, the Company entered into a Stock Purchase Agreement with Marubeni-Itochu for the sale of Sooner, Inc. and its subsidiaries, which comprised the entirety of the Company’s tubular services segment.
	The following table provides the components of net income from discontinued operations, net of tax for each operating segment (in thousands).
			Three Months Ended March 31,
			2015			2014
	Revenues
	Accommodations		$	--		$	252,799
	Tubular services		$	--		$	--
	Income from Accommodations discontinued operations:
	Income from discontinued operations before income taxes		$	260		$	46,002
	Income tax expense			(94	)		(9,368	)
	Net income from discontinued operations, net of tax		$	166		$	36,634
	Income from Tubular services discontinued operations:
	Income from discontinued operations before income taxes		$	--		$	257
	Income tax expense			--			(96	)
	Net income from discontinued operations, net of tax		$	--		$	161

Note_8_Debt

Note 8 - Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	8	DEBT
	As of March 31, 2015 and December 31, 2014, long-term debt consisted of the following (in thousands):
			March 31,		December 31,
			2015		2014
	Revolving credit facility, which matures May 28, 2019, with available commitments up to $600 million and with a weighted average interest rate of 3.3% for the three month period ended March 31, 2015		$	199,713	$	140,684
	Capital lease obligations and other debt			6,550		6,681
	Total debt			206,263		147,365
	Less: Current portion			523		530
	Total long-term debt and capitalized leases		$	205,740	$	146,835
	Credit Facility
	In connection with the Spin-Off, the Company terminated its then existing credit facility on May 28, 2014 and entered into a new $600 million senior secured revolving credit facility. The Company has an option to increase the maximum borrowings under its revolving credit facility to $750 million subject to additional lender commitments prior to its maturity on May 28, 2019. The credit facility is governed by a Credit Agreement dated as of May 28, 2014 (Credit Agreement) by and among the Company, the Lenders party thereto, Wells Fargo Bank, N.A., as administrative agent, the Swing Line Lender and an Issuing Bank, and Royal Bank of Canada, as Syndication agent, and Compass Bank, as Documentation agent. Amounts outstanding under the revolving credit facility bear interest at LIBOR plus a margin of 1.50% to 2.50%, or at a base rate plus a margin of 0.50% to 1.50%, in each case based on a ratio of the Company’s total leverage to EBITDA (as defined in the Credit Agreement). During the first quarter of 2015, our applicable margin over LIBOR was 1.50%. We must also pay a quarterly commitment fee, based on our leverage ratio, on the unused commitments under the Credit Agreement. The unused commitment fee was 0.375% for the first quarter of 2015. The Credit Agreement contains customary financial covenants and restrictions. Specifically, we must maintain an interest coverage ratio, defined as the ratio of consolidated EBITDA, to consolidated interest expense of at least 3.0 to 1.0 and our maximum leverage ratio, defined as the ratio of total debt to consolidated EBITDA of no greater than 3.25 to 1.0. Each of the factors considered in the calculations of these ratios are defined in the Credit Agreement. EBITDA and consolidated interest, exclude goodwill impairments, debt discount amortization and other non-cash charges. As of March 31, 2015, we were in compliance with our debt covenants. Borrowings under the Credit Agreement are secured by a pledge of substantially all of our assets and the assets of our domestic subsidiaries.  Our obligations under the Credit Agreement are guaranteed by our significant domestic subsidiaries. The credit facility also contains negative covenants that limit the Company's ability to borrow additional funds, encumber assets, pay dividends, sell assets and enter into other significant transactions. As of March 31, 2015, we had $199.7 million outstanding under the Credit Agreement and an additional $43.8 million of outstanding letters of credit, leaving $356.5 million available to be drawn under the credit facility. As of March 31, 2015, the Company had approximately $72.0 million of cash and cash equivalents.

Note_9_Fair_Value_Measurements

Note 9 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	9	FAIR VALUE MEASUREMENTS
	The Company’s financial instruments consist of cash and cash equivalents, investments, receivables, payables, bank debt and foreign currency forward contracts. The Company believes that the carrying values of these instruments on the accompanying consolidated balance sheets approximate their fair values.

Note_10_Changes_in_Common_Stoc

Note 10 - Changes in Common Stock Outstanding	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	10	CHANGES IN COMMON STOCK OUTSTANDING
	Shares of common stock outstanding – January 1, 2015		53,017,359
	Repurchase of shares – transferred to treasury		(1,832,242	)
	Shares issued upon granting of restricted stock awards, net of forfeitures		450,856
	Shares issued upon exercise of stock options		99,025
	Shares withheld for taxes on vesting of restricted stock awards and transferred to treasury		(143,233	)
	Shares of common stock outstanding – March 31, 2015		51,591,765
	On September 6, 2013, the Company announced an increase in its Board-authorized Company stock repurchase program from $200 million to $500 million providing for the repurchase of the Company’s common stock, par value $.01 per share. The Board of Directors’ authorization is limited in duration and was set to expire on September 1, 2014. On August 20, 2014, the Board of Directors authorized an extension of the authorized Company stock repurchase program, which is now set to expire on September 1, 2015. Subject to applicable securities laws, such purchases will be at such times and in such amounts as the Company deems appropriate. As of March 31, 2015, a total of $428.5 million of our stock (6,060,772 shares) had been repurchased under this program. The amount remaining under our current share repurchase authorization as of March 31, 2015 was approximately $71.5 million.

Note_11_Stock_Based_Compensati

Note 11 - Stock Based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	11	STOCK BASED COMPENSATION
	The following table presents a summary of stock option award and restricted stock award activity for the three months ended March 31, 2015.
			Stock Options			Restricted Stock Awards
			Number of Shares
	Outstanding at January 1, 2015			1,007,686			1,106,670
	Granted			119,370			537,072
	Options Exercised/Stock Vested			(99,025	)		(417,600	)
	Cancelled			(1,844	)		(10,316	)
	Outstanding at March 31, 2015			1,026,187			1,215,826
	Stock based compensation pre-tax expense from continuing operations recognized in the three month periods ended March 31, 2015 and 2014 totaled $5.7 million and $5.8 million, respectively.
	In February 2015, the Company granted performance based stock awards totaling 75,900 shares valued at a total of $3.2 million. These performance based awards may vest in February 2018 in an amount that will depend on the Company’s achievement of specified performance objectives. These performance based awards have a performance criteria that will be measured based upon the Company’s achievement levels of average after-tax annual return on invested capital for the three year period commencing January 1, 2015 and ending December 31, 2017.
	At March 31, 2015, $50.0 million of compensation cost related to unvested stock options and restricted stock awards attributable to vesting conditions had not yet been recognized.

Note_12_Income_Taxes

Note 12 - Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	12	INCOME TAXES
	Income tax expense for interim periods is based on estimates of the effective tax rate for the entire fiscal year. The Company’s income tax provision for the three months ended March 31, 2015 was a total tax expense of $13.3 million, or 40.6% of pretax income, compared to income tax expense of $18.1 million, or 34.3% of pretax income, for the three months ended March 31, 2014. The increase in the effective tax rate for the three months ended March 31, 2015 compared to the same period in 2014 was largely the result of a $2.3 million deferred tax adjustment for certain prior period non-deductible items.

Note_13_Segment_and_Related_In

Note 13 - Segment and Related Information	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	13	SEGMENT AND RELATED INFORMATION
	In accordance with current accounting standards regarding disclosures about segments of an enterprise and related information, the Company has identified the following reportable segments: well site services and offshore products. The Company’s reportable segments represent strategic business units that offer different products and services. They are managed separately because each business requires different technologies and marketing strategies. Most of the businesses were initially acquired as a unit, and the management at the time of the acquisition was retained. Subsequent acquisitions have been direct extensions to our business segments. Separate business lines within the well site services segment have been disclosed to provide additional information for that segment.
	Financial information by business segment for continuing operations for each of the three months ended March 31, 2015 and 2014 is summarized in the following table (in thousands).
			Revenues from unaffiliated customers		Depreciation and amortization		Operating income (loss)				Equity in earnings (losses) of unconsolidated affiliates			Capital expenditures		Total assets
	Three months ended March 31, 2015
	Well site services –
	Completion services		$	118,111	$	19,443	$	12,468			$	-		$	22,762	$	596,275
	Drilling services			23,678		6,682		(2,539	)			-			6,551		124,284
	Total well site services			141,789		26,125		9,929				-			29,313		720,559
	Offshore products			195,569		6,100		36,542				(50	)		8,893		977,393
	Corporate and eliminations			-		354		(12,711	)			-			76		47,436
	Total		$	337,358	$	32,579	$	33,760			$	(50	)	$	38,282	$	1,745,388
			Revenues from unaffiliated customers		Depreciation and amortization		Operating income (loss)				Equity in earnings (losses) of unconsolidated affiliates			Capital expenditures		Total assets
	Three months ended March 31, 2014
	Well site services –
	Completion services		$	146,461	$	17,944	$	31,045			$	-		$	23,012	$	596,020
	Drilling services			46,564		6,884		5,795				-			7,114		143,498
	Total well site services			193,025		24,828		36,840				-			30,126		739,518
	Offshore products			212,212		5,695		37,348				97			9,563		956,986
	Corporate and eliminations			-		264		(14,922	)	-1		-			212		154,017
	Total		$	405,237	$	30,787	$	59,266			$	97		$	39,901	$	1,850,521
	-1	The corporate operating losses for the three months ended March 31, 2014 include $1.4 million of transaction costs primarily incurred in connection with the Spin-Off.

Note_14_Commitments_and_Contin

Note 14 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	14	COMMITMENTS AND CONTINGENCIES
	In the ordinary course of conducting our business, we become involved in litigation and other claims from private party actions, as well as judicial and administrative proceedings involving governmental authorities at the federal, state and local levels. During 2014 and early 2015, a number of lawsuits were filed by current and former employees, in Federal Court against the Company and or one of its subsidiaries, alleging violations of the Fair Labor Standards Act (“FLSA”). The plaintiffs’ seek damages and penalties for the Company’s alleged failure to: properly classify its field service employees as “non-exempt” under the FLSA; and pay them on an hourly basis (including overtime). The plaintiffs’ seek recovery on their own behalf, and seek certification of a class of similarly situated employees. We are investigating the allegations, but plan to vigorously defend this litigation.
	In addition, we are a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning our commercial operations, products, employees and other matters, including occasional claims by individuals alleging exposure to hazardous materials as a result of our products or operations. Some of these claims relate to matters occurring prior to our acquisition of businesses, and some relate to businesses we have sold. In certain cases, we are entitled to indemnification from the sellers of businesses, and in other cases, we have indemnified the buyers of businesses from us.
	Although we can give no assurance about the outcome of pending legal and administrative proceedings and the effect such outcomes may have on us, we believe that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided for or covered by indemnity or insurance, will not have a material adverse effect on our consolidated financial position, results of operations or liquidity.

Note_3_Details_of_Selected_Bal1

Note 3 - Details of Selected Balance Sheet Accounts (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]		MARCH 31,			DECEMBER 31,
		2015			2014
	Accounts receivable, net:
	Trade	$	253,517		$	348,115
	Unbilled revenue		125,220			148,371
	Other		4,686			7,763
	Total accounts receivable		383,423			504,249
	Allowance for doubtful accounts		(6,291	)		(7,125	)
		$	377,132		$	497,124
Schedule of Inventory, Current [Table Text Block]		MARCH 31,			DECEMBER 31,
		2015			2014
	Inventories, net:
	Finished goods and purchased products	$	106,041		$	94,955
	Work in process		48,958			49,631
	Raw materials		93,367			97,780
	Total inventories		248,366			242,366
	Allowance for excess, damaged, or obsolete inventory		(10,504	)		(9,876	)
		$	237,862		$	232,490
Property, Plant and Equipment [Table Text Block]		Estimated			MARCH 31,			DECEMBER 31,
		Useful Life			2015			2014
		(years)
	Property, plant and equipment, net:
	Land				$	28,051		$	29,850
	Buildings and leasehold improvements		Mar-40			179,579			175,421
	Machinery and equipment		28-Feb			446,555			438,980
	Completion services equipment		10-Feb			399,959			387,165
	Office furniture and equipment		10-Jan			31,252			30,647
	Vehicles		10-Jan			130,569			129,922
	Construction in progress					81,425			74,088
	Total property, plant and equipment					1,297,390			1,266,073
	Accumulated depreciation					(637,785	)		(616,227	)
					$	659,605		$	649,846
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]		MARCH 31,			DECEMBER 31,
		2015			2014
	Accrued liabilities:
	Accrued compensation	$	21,669		$	58,979
	Insurance liabilities		11,788			11,300
	Accrued taxes, other than income taxes		6,777			4,851
	Accrued commissions		2,977			3,622
	Accrued product warranty reserves		2,806			2,810
	Other		14,794			14,568
		$	60,811		$	96,130

Note_5_Earnings_Per_Share_Tabl

Note 5 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		THREE MONTHS ENDED MARCH 31,
		2015					2014
		Income			Shares		Income			Shares
	Basic:
	Net income attributable to Oil States International, Inc.	$	19,568				$	71,504
	Less: Undistributed net income allocable to participating securities		(409	)				(781	)
	Undistributed net income applicable to common stockholders		19,159					70,723
	Less: Income from discontinued operations, net of tax		(166	)				(36,795	)
	Add: Undistributed net income from discontinued operations allocable to participating securities		3					402
	Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic	$	18,996			50,826	$	34,330			53,288
	Diluted:
	Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic	$	18,996			50,826	$	34,330			53,288
	Effect of dilutive securities:
	Undistributed net income reallocated to participating securities		1			--		2			--
	Options on common stock		--			101		--			283
	Restricted stock awards and other		--			9		--			17
	Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted		18,997			50,936		34,332			53,588
	Income from discontinued operations, net of tax, applicable to Oil States International, Inc. common stockholders		163					36,393
	Undistributed net income reallocated to participating securities		--					2
	Net income attributable to Oil States International, Inc. common stockholders – Diluted	$	19,160			50,936	$	70,727			53,588

Note_6_Business_Acquisitions_a1

Note 6 - Business Acquisitions and Goodwill (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]		Well Site Services
		Completion Services			Drilling Services			Subtotal			Accommodations		Offshore Products			Total
	Balance as of December 31, 2014
	Goodwill	$	200,967		$	22,767		$	223,734		$	--	$	145,762		$	369,496
	Accumulated Impairment Losses		(94,528	)		(22,767	)		(117,295	)		--		--			(117,295	)
			106,439			--			106,439			--		145,762			252,201
	Goodwill acquired and purchase price adjustments		--			--			--			--		14,420			14,420
	Foreign currency translation and other changes		(1,066	)		--			(1,066	)		--		(260	)		(1,326	)
		$	105,373		$	--		$	105,373		$	--	$	159,922		$	265,295
	Balance as of March 31, 2015
	Goodwill	$	199,901		$	22,767		$	222,668		$	--	$	159,922		$	382,590
	Accumulated Impairment Losses		(94,528	)		(22,767	)		(117,295	)		--		--			(117,295	)
		$	105,373		$	--		$	105,373		$	--	$	159,922		$	265,295

Note_7_Discontinued_Operations1

Note 7 - Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]		Three Months Ended March 31,
		2015			2014
	Revenues
	Accommodations	$	--		$	252,799
	Tubular services	$	--		$	--
	Income from Accommodations discontinued operations:
	Income from discontinued operations before income taxes	$	260		$	46,002
	Income tax expense		(94	)		(9,368	)
	Net income from discontinued operations, net of tax	$	166		$	36,634
	Income from Tubular services discontinued operations:
	Income from discontinued operations before income taxes	$	--		$	257
	Income tax expense		--			(96	)
	Net income from discontinued operations, net of tax	$	--		$	161

Note_8_Debt_Tables

Note 8 - Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]		March 31,		December 31,
		2015		2014
	Revolving credit facility, which matures May 28, 2019, with available commitments up to $600 million and with a weighted average interest rate of 3.3% for the three month period ended March 31, 2015	$	199,713	$	140,684
	Capital lease obligations and other debt		6,550		6,681
	Total debt		206,263		147,365
	Less: Current portion		523		530
	Total long-term debt and capitalized leases	$	205,740	$	146,835

Note_10_Changes_in_Common_Stoc1

Note 10 - Changes in Common Stock Outstanding (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Stock Activity [Table Text Block]	Shares of common stock outstanding – January 1, 2015	53,017,359
	Repurchase of shares – transferred to treasury	(1,832,242	)
	Shares issued upon granting of restricted stock awards, net of forfeitures	450,856
	Shares issued upon exercise of stock options	99,025
	Shares withheld for taxes on vesting of restricted stock awards and transferred to treasury	(143,233	)
	Shares of common stock outstanding – March 31, 2015	51,591,765

Note_11_Stock_Based_Compensati1

Note 11 - Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]		Stock Options			Restricted Stock Awards
		Number of Shares
	Outstanding at January 1, 2015		1,007,686			1,106,670
	Granted		119,370			537,072
	Options Exercised/Stock Vested		(99,025	)		(417,600	)
	Cancelled		(1,844	)		(10,316	)
	Outstanding at March 31, 2015		1,026,187			1,215,826

Note_13_Segment_and_Related_In1

Note 13 - Segment and Related Information (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]		Revenues from unaffiliated customers		Depreciation and amortization		Operating income (loss)				Equity in earnings (losses) of unconsolidated affiliates			Capital expenditures		Total assets
	Three months ended March 31, 2015
	Well site services –
	Completion services	$	118,111	$	19,443	$	12,468			$	-		$	22,762	$	596,275
	Drilling services		23,678		6,682		(2,539	)			-			6,551		124,284
	Total well site services		141,789		26,125		9,929				-			29,313		720,559
	Offshore products		195,569		6,100		36,542				(50	)		8,893		977,393
	Corporate and eliminations		-		354		(12,711	)			-			76		47,436
	Total	$	337,358	$	32,579	$	33,760			$	(50	)	$	38,282	$	1,745,388
		Revenues from unaffiliated customers		Depreciation and amortization		Operating income (loss)				Equity in earnings (losses) of unconsolidated affiliates			Capital expenditures		Total assets
	Three months ended March 31, 2014
	Well site services –
	Completion services	$	146,461	$	17,944	$	31,045			$	-		$	23,012	$	596,020
	Drilling services		46,564		6,884		5,795				-			7,114		143,498
	Total well site services		193,025		24,828		36,840				-			30,126		739,518
	Offshore products		212,212		5,695		37,348				97			9,563		956,986
	Corporate and eliminations		-		264		(14,922	)	-1		-			212		154,017
	Total	$	405,237	$	30,787	$	59,266			$	97		$	39,901	$	1,850,521

Note_3_Details_of_Selected_Bal2

Note 3 - Details of Selected Balance Sheet Accounts (Details) - Accounts Receivable (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accounts receivable, net:
Accounts receivable	$383,423	$504,249
Allowance for doubtful accounts	-6,291	-7,125
	377,132	497,124
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts receivable	253,517	348,115
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts receivable	125,220	148,371
Other Receivables [Member]
Accounts receivable, net:
Accounts receivable	$4,686	$7,763

Note_3_Details_of_Selected_Bal3

Note 3 - Details of Selected Balance Sheet Accounts (Details) - Inventories (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Inventories, net:
Finished goods and purchased products	$106,041	$94,955
Work in process	48,958	49,631
Raw materials	93,367	97,780
Total inventories	248,366	242,366
Allowance for excess, damaged, or obsolete inventory	-10,504	-9,876
	$237,862	$232,490

Note_3_Details_of_Selected_Bal4

Note 3 - Details of Selected Balance Sheet Accounts (Details) - Property, Plant and Equipment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Property, plant and equipment, net:
Property Plant and Equipment Gross	1,297,390	$1,266,073
Accumulated depreciation	-637,785	-616,227
	659,605	649,846
Land [Member]
Property, plant and equipment, net:
Property Plant and Equipment Gross	28,051	29,850
Building and Building Improvements [Member] | Minimum [Member]
Property, plant and equipment, net:
Estimated useful life	3 years
Building and Building Improvements [Member] | Maximum [Member]
Property, plant and equipment, net:
Estimated useful life	40 years
Building and Building Improvements [Member]
Property, plant and equipment, net:
Property Plant and Equipment Gross	179,579	175,421
Machinery and Equipment [Member] | Minimum [Member]
Property, plant and equipment, net:
Estimated useful life	2 years
Machinery and Equipment [Member] | Maximum [Member]
Property, plant and equipment, net:
Estimated useful life	28 years
Machinery and Equipment [Member]
Property, plant and equipment, net:
Property Plant and Equipment Gross	446,555	438,980
Completion Services [Member] | Minimum [Member]
Property, plant and equipment, net:
Estimated useful life	2 years
Completion Services [Member] | Maximum [Member]
Property, plant and equipment, net:
Estimated useful life	10 years
Completion Services [Member]
Property, plant and equipment, net:
Property Plant and Equipment Gross	399,959	387,165
Office Furniture And Equipment [Member] | Minimum [Member]
Property, plant and equipment, net:
Estimated useful life	1 year
Office Furniture And Equipment [Member] | Maximum [Member]
Property, plant and equipment, net:
Estimated useful life	10 years
Office Furniture And Equipment [Member]
Property, plant and equipment, net:
Property Plant and Equipment Gross	31,252	30,647
Vehicles [Member] | Minimum [Member]
Property, plant and equipment, net:
Estimated useful life	1 year
Vehicles [Member] | Maximum [Member]
Property, plant and equipment, net:
Estimated useful life	10 years
Vehicles [Member]
Property, plant and equipment, net:
Property Plant and Equipment Gross	130,569	129,922
Construction in Progress [Member]
Property, plant and equipment, net:
Property Plant and Equipment Gross	81,425	$74,088

Note_3_Details_of_Selected_Bal5

Note 3 - Details of Selected Balance Sheet Accounts (Details) - Accrued Liabilities (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accrued liabilities:
Accrued compensation	$21,669	$58,979
Insurance liabilities	11,788	11,300
Accrued taxes, other than income taxes	6,777	4,851
Accrued commissions	2,977	3,622
Accrued product warranty reserves	2,806	2,810
Other	14,794	14,568
	$60,811	$96,130

Note_4_Accumulated_Other_Compr1

Note 4 - Accumulated Other Comprehensive Loss (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Disclosure Text Block [Abstract]
Accumulated Other Comprehensive Income	($36.60)	($22.10)

Note_5_Earnings_Per_Share_Deta

Note 5 - Earnings Per Share (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	713,187	198,405

Note_5_Earnings_Per_Share_Deta1

Note 5 - Earnings Per Share (Details) - Earnings Per Share Calculation (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Basic:
Net income attributable to Oil States International, Inc.	$19,568	$71,504
Less: Undistributed net income allocable to participating securities, basic	-409	-781
Net Income (Loss) Available to Common Stockholders, Basic	19,159	70,723
Weighted Average Number of Shares Outstanding, Basic (in Shares)	50,826	53,288
Options on common stock (in Shares)	101	283
Restricted stock awards and other (in Shares)	9	17
Weighted Average Number of Shares Outstanding, Diluted (in Shares)	50,936	53,588
Income from discontinued operations, net of tax	166	36,795
Basic [Member] | Discontinued Operations [Member]
Basic:
Less: Undistributed net income allocable to participating securities, basic	3	402
Basic [Member] | Continuing Operations [Member]
Basic:
Net Income (Loss) Available to Common Stockholders, Basic	18,996	34,330
Weighted Average Number of Shares Outstanding, Basic (in Shares)	50,826	53,288
Basic [Member]
Basic:
Income from discontinued operations, net of tax	-166	-36,795
Diluted [Member] | Continuing Operations [Member]
Basic:
Income from discontinued operations, net of tax	163	36,393
Discontinued Operations [Member]
Basic:
Undistributed net income reallocated to participating securities, diluted		2
Net Income Applicable to Common Stockholders, Diluted	19,160	70,727
Weighted Average Number of Shares Outstanding, Diluted (in Shares)	50,936	53,588
Continuing Operations [Member]
Basic:
Net Income (Loss) Available to Common Stockholders, Basic	18,996	34,330
Weighted Average Number of Shares Outstanding, Basic (in Shares)	50,826	53,288
Undistributed net income reallocated to participating securities, diluted	1	2
Net Income Applicable to Common Stockholders, Diluted	$18,997	$34,332
Weighted Average Number of Shares Outstanding, Diluted (in Shares)	50,936	53,588

Note_6_Business_Acquisitions_a2

Note 6 - Business Acquisitions and Goodwill (Details) (Montgomery Machine Company, Inc. [Member], USD $)	0 Months Ended
In Millions, unless otherwise specified	Jan. 02, 2015
Montgomery Machine Company, Inc. [Member]
Note 6 - Business Acquisitions and Goodwill (Details) [Line Items]
Business Combination, Consideration Transferred	$33.90

Note_6_Business_Acquisitions_a3

Note 6 - Business Acquisitions and Goodwill (Details) - Changes in the Carrying Value of Goodwill (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Goodwill [Line Items]
Goodwill, Gross	$382,590	$369,496
Accumulated Impairment Losses	-117,295	-117,295
Goodwill	265,295	252,201
Goodwill acquired and purchase price adjustments	14,420
Foreign currency translation and other changes	-1,326
Well Site Services - Completion Services [Member] | Goodwill Before Acquisition [Member]
Goodwill [Line Items]
Goodwill	105,373	106,439
Well Site Services - Completion Services [Member]
Goodwill [Line Items]
Goodwill, Gross	199,901	200,967
Accumulated Impairment Losses	-94,528	-94,528
Goodwill	105,373
Foreign currency translation and other changes	-1,066
Well Site Services - Drilling Services [Member]
Goodwill [Line Items]
Goodwill, Gross	22,767	22,767
Accumulated Impairment Losses	-22,767	-22,767
Total Well Site Services [Member] | Goodwill Before Acquisition [Member]
Goodwill [Line Items]
Goodwill	105,373	106,439
Total Well Site Services [Member]
Goodwill [Line Items]
Goodwill, Gross	222,668	223,734
Accumulated Impairment Losses	-117,295	-117,295
Goodwill	105,373
Foreign currency translation and other changes	-1,066
Offshore Products [Member] | Goodwill Before Acquisition [Member]
Goodwill [Line Items]
Goodwill	159,922	145,762
Offshore Products [Member]
Goodwill [Line Items]
Goodwill, Gross	159,922	145,762
Goodwill	159,922
Goodwill acquired and purchase price adjustments	14,420
Foreign currency translation and other changes	-260
Goodwill Before Acquisition [Member]
Goodwill [Line Items]
Goodwill	$265,295	$252,201

Note_7_Discontinued_Operations2

Note 7 - Discontinued Operations (Details)	0 Months Ended
	30-May-14
Discontinued Operations and Disposal Groups [Abstract]
Spin-Off Common Stock Ratio	2

Note_7_Discontinued_Operations3

Note 7 - Discontinued Operations (Details) - Operating Results of Discontinued Operations (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues
Net income from discontinued operations, net of tax	$166	$36,795
Accommodations [Member]
Revenues
Revenues		252,799
Income from discontinued operations before income taxes	260	46,002
Income tax provision	-94	-9,368
Net income from discontinued operations, net of tax	166	36,634
Tubular Services [Member]
Revenues
Income from discontinued operations before income taxes		257
Income tax provision		-96
Net income from discontinued operations, net of tax		$161

Note_8_Debt_Details

Note 8 - Debt (Details) (USD $)	10 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	28-May-14
Note 8 - Debt (Details) [Line Items]
Interest Coverage Ratio	3
Maximum Leverage Ratio	3.25
Line of Credit, Current (in Dollars)	$199,700,000
Letters of Credit Outstanding, Amount (in Dollars)	43,800,000
Line of Credit Facility, Remaining Borrowing Capacity (in Dollars)	356,500,000
Cash and Cash Equivalents, at Carrying Value (in Dollars)	72,049,000	53,263,000	454,873,000	599,306,000
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Note 8 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Maximum [Member] | Base Rate [Member] | Revolving Credit Facility [Member]
Note 8 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Maximum [Member] | Revolving Credit Facility [Member]
Note 8 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)					750,000,000
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Note 8 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Minimum [Member] | Base Rate [Member] | Revolving Credit Facility [Member]
Note 8 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Note 8 - Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Revolving Credit Facility [Member]
Note 8 - Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)					$600,000,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.38%

Note_8_Debt_Details_Summary_of

Note 8 - Debt (Details) - Summary of Long-term Debt (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Less: Current portion	$523	$530
Total long-term debt and capitalized leases	205,740	146,835
Capital Lease Obligations And Other Debt [Member]
Debt Instrument [Line Items]
Long-term Debt	6,550	6,681
Gross [Member]
Debt Instrument [Line Items]
Long-term Debt	206,263	147,365
Domestic Line of Credit [Member]
Debt Instrument [Line Items]
Long-term Debt	$199,713	$140,684

Note_8_Debt_Details_Summary_of1

Note 8 - Debt (Details) - Summary of Long-term Debt (Parentheticals) (Domestic Line of Credit [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Domestic Line of Credit [Member]
Debt Instrument [Line Items]
Available Commitments up to	$600,000	$600,000
Weighted Average Interest Rate	3.30%

Note_10_Changes_in_Common_Stoc2

Note 10 - Changes in Common Stock Outstanding (Details) (USD $)	31 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Sep. 06, 2013	Aug. 31, 2013
Stockholders' Equity Note [Abstract]
Stock Repurchase Program, Authorized Amount		$500	$200
Stock Repurchased During Period, Value	428.5
Stock Repurchased During Period, Shares (in Shares)	6,060,772
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$71.50

Note_10_Changes_in_Common_Stoc3

Note 10 - Changes in Common Stock Outstanding (Details) - Changes in Common Stock Outstanding	3 Months Ended
	Mar. 31, 2015
Changes in Common Stock Outstanding [Abstract]
Shares of common stock outstanding	53,017,359
Repurchase of shares – transferred to treasury	-1,832,242
Shares issued upon granting of restricted stock awards, net of forfeitures	450,856
Shares issued upon exercise of stock options	99,025
Shares withheld for taxes on vesting of restricted stock awards and transferred to treasury	-143,233
Shares of common stock outstanding	51,591,765

Note_11_Stock_Based_Compensati2

Note 11 - Stock Based Compensation (Details) (USD $)	3 Months Ended		1 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Feb. 28, 2015
Note 11 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense	$5.70	$5.80
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	50
Performance Shares [Member]
Note 11 - Stock Based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)			75,900
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options,Value, Grants in Period			$3.20

Note_11_Stock_Based_Compensati3

Note 11 - Stock Based Compensation (Details) - Stock Option Activity	3 Months Ended
	Mar. 31, 2015
Employee Stock Option [Member]
Number of Shares
Outstanding at January 1, 2015	1,007,686
Outstanding at March 31, 2015	1,026,187
Granted	119,370
Options Exercised/Stock Vested	-99,025
Cancelled	-1,844
Restricted Stock [Member]
Number of Shares
Outstanding at January 1, 2015	1,106,670
Outstanding at March 31, 2015	1,215,826
Granted	537,072
Options Exercised/Stock Vested	-417,600
Cancelled	-10,316

Note_12_Income_Taxes_Details

Note 12 - Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$13,252,000	$18,142,000
Effective Income Tax Rate Reconciliation, Percent	40.60%	34.30%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$2,300,000

Note_13_Segment_and_Related_In2

Note 13 - Segment and Related Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Note 13 - Segment and Related Information (Details) [Line Items]
Operating Income (Loss)	$33,760	$59,266
Transaction Cost [Member]
Note 13 - Segment and Related Information (Details) [Line Items]
Operating Income (Loss)		$1,400

Note_13_Segment_and_Related_In3

Note 13 - Segment and Related Information (Details) - Financial Information by Business Segment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014		Dec. 31, 2014
Well site services –
Revenues from affiliated customers	$337,358	$405,237
Depreciation and amortization	32,579	30,787
Opertaing income (loss)	33,760	59,266
Equity in earnings (losses) of unconsolidated affiliates	-50	97
Capital expenditures	38,282	39,901
Total assets	1,745,388	1,850,521		1,809,612
Well Site Services - Completion Services [Member]
Well site services –
Revenues from affiliated customers	118,111	146,461
Depreciation and amortization	19,443	17,944
Opertaing income (loss)	12,468	31,045
Capital expenditures	22,762	23,012
Total assets	596,275	596,020
Well Site Services - Drilling Services [Member]
Well site services –
Revenues from affiliated customers	23,678	46,564
Depreciation and amortization	6,682	6,884
Opertaing income (loss)	-2,539	5,795
Capital expenditures	6,551	7,114
Total assets	124,284	143,498
Total Well Site Services [Member]
Well site services –
Revenues from affiliated customers	141,789	193,025
Depreciation and amortization	26,125	24,828
Opertaing income (loss)	9,929	36,840
Capital expenditures	29,313	30,126
Total assets	720,559	739,518
Offshore Products [Member]
Well site services –
Revenues from affiliated customers	195,569	212,212
Depreciation and amortization	6,100	5,695
Opertaing income (loss)	36,542	37,348
Equity in earnings (losses) of unconsolidated affiliates	-50	97
Capital expenditures	8,893	9,563
Total assets	977,393	956,986
Corporate And Eliminations [Member]
Well site services –
Depreciation and amortization	354	264
Opertaing income (loss)	-12,711	-14,922	[1]
Capital expenditures	76	212
Total assets	$47,436	$154,017
[1]	The corporate operating losses for the three months ended March 31, 2014 include $1.4 million of transaction costs primarily incurred in connection with the Spin-Off.