Oil States International (OIS) 10-Q 30 Oct 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 28, 2015
Entity Registrant Name	OIL STATES INTERNATIONAL, INC
Entity Central Index Key	1,121,484
Trading Symbol	ois
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding (in shares)		50,805,451
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues	$ 258,886	$ 471,032	$ 865,503	$ 1,335,876
Costs and expenses:
Cost of sales and services	188,590	306,497	620,976	886,777
Selling, general and administrative expenses	33,126	43,734	100,732	128,181
Depreciation and amortization expense	31,730	31,076	96,742	92,970
Other operating expense (income)	(1,206)	(1,887)	(2,077)	9,524
	252,240	379,420	816,373	1,117,452
Operating income	6,646	91,612	49,130	218,424
Interest expense	(1,541)	(1,602)	(4,876)	(15,500)
Interest income	$ 153	150	$ 428	411
Loss on extinguishment of debt		30		(100,380)
Other income	$ 401	235	$ 1,221	2,571
Income from continuing operations before income taxes	5,659	90,425	45,903	105,526
Income tax provision	(3,953)	(32,048)	(18,646)	(36,545)
Net income from continuing operations	1,706	58,377	27,257	68,981
Net income (loss) from discontinued operations, net of tax	23	(1,467)	224	51,571
Net income	$ 1,729	56,910	$ 27,481	120,552
Less: Net income (loss) attributable to noncontrolling interest		(10)		8
Net income attributable to Oil States International, Inc.	$ 1,729	56,920	$ 27,481	120,544
Continuing operations	1,706	58,387	27,257	68,973
Discontinued operations	$ 23	$ (1,467)	$ 224	$ 51,571
Continuing operations (in dollars per share)	$ 0.03	$ 1.08	$ 0.53	$ 1.28
Discontinued operations (in dollars per share)		(0.03)		0.95
Net income (in dollars per share)	$ 0.03	1.05	$ 0.53	2.23
Continuing operations (in dollars per share)	0.03	1.07	0.53	1.27
Discontinued operations (in dollars per share)		(0.02)		0.95
Net income (in dollars per share)	$ 0.03	$ 1.05	$ 0.53	$ 2.22
Basic (in shares)	50,011	52,979	50,422	53,119
Diluted (in shares)	50,050	53,294	50,501	53,422

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income	$ 1,729	$ 56,910	$ 27,481	$ 120,552
Other comprehensive income (loss):
Foreign currency translation adjustment	(15,415)	(13,144)	(20,132)	10,301
Unrealized gain on forward contracts, net of tax	88	3	160	4
Total other comprehensive income (loss)	(15,327)	(13,141)	(19,972)	10,305
Comprehensive income (loss)	(13,598)	43,769	7,509	130,857
Less: Comprehensive loss attributable to noncontrolling interest		(10)		(16)
Comprehensive income (loss) attributable to Oil States International, Inc.	$ (13,598)	$ 43,779	$ 7,509	$ 130,873

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 85,715	$ 53,263
Accounts receivable, net	304,574	497,124
Inventories, net	226,394	232,490
Prepaid expenses and other current assets	31,325	43,789
Total current assets	648,008	826,666
Property, plant, and equipment, net	648,330	649,846
Goodwill, net	264,308	252,201
Other intangible assets, net	60,558	52,935
Other noncurrent assets	27,134	27,964
Total assets	1,648,338	1,809,612
Current liabilities:
Accounts payable	72,345	108,949
Accrued liabilities	61,434	96,130
Income taxes	9,056	9,195
Current portion of long-term debt and capitalized leases	515	530
Deferred revenue	28,820	48,948
Deferred tax liabilities	12,562	7,431
Other current liabilities	213	229
Total current liabilities	184,945	271,412
Long-term debt and capitalized leases	159,611	146,835
Deferred income taxes	30,151	33,913
Other noncurrent liabilities	18,988	16,795
Total liabilities	393,695	468,955
Oil States International, Inc. stockholders’ equity:
Common stock, $.01 par value, 200,000,000 shares authorized, 61,564,018 shares and 60,940,734 shares issued, respectively, and 50,805,727 shares and 53,017,359 shares outstanding, respectively	616	610
Additional paid-in capital	704,402	685,232
Retained earnings	1,178,747	1,151,266
Accumulated other comprehensive loss	(42,072)	(22,100)
Common stock held in treasury at cost, 10,758,291 and 7,923,375 shares, respectively	(587,050)	(474,351)
Total Oil States International, Inc. stockholders’ equity	$ 1,254,643	$ 1,340,657
Noncontrolling interest
Total stockholders’ equity	$ 1,254,643	$ 1,340,657
Total liabilities and stockholders’ equity	$ 1,648,338	$ 1,809,612

Consolidated Balance Sheets (C5

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	61,564,018	60,940,734
Common stock, shares outstanding (in shares)	50,805,727	53,017,359
Treasury stock, shares (in shares)	10,758,291	7,923,375

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Six and a Half Percent Senior Notes [Member]
Cash flows from financing activities:
Repayment of senior notes		$ (630,307)
Five and One Eighth Percent Senior Notes [Member]
Cash flows from financing activities:
Repayment of senior notes		(419,794)
Net income	$ 27,481	120,552
Income from discontinued operations	(224)	(51,571)
Depreciation and amortization	96,742	92,970
Deferred income tax benefit	(2,862)	(20,144)
Tax impact of share-based payment arrangements	(550)	(4,585)
Provision for bad debt	(99)	3,767
Gain on disposals of assets	(907)	(1,761)
Non-cash compensation charge	16,245	19,284
Amortization of deferred financing costs	$ 585	1,625
Loss on extinguishment of debt		100,380
Other, net		(182)
Accounts receivable	$ 189,882	(71,442)
Inventories	5,207	(11,534)
Accounts payable and accrued liabilities	(71,848)	(20,257)
Taxes payable	5,784	(38,990)
Other operating assets and liabilities, net	(12,959)	23,238
Net cash flows provided by continuing operating activities	252,477	141,350
Net cash flows provided by discontinued operating activities	350	161,130
Net cash flows provided by operating activities	252,827	302,480
Capital expenditures	(92,314)	(142,549)
Acquisitions of businesses, net of cash acquired	(33,427)	193
Proceeds from disposition of property, plant and equipment	1,911	3,069
Other, net	(491)	(1,463)
Net cash flows used in continuing investing activities	$ (124,321)	(140,750)
Net cash flows used in discontinued investing activities		(119,061)
Net cash flows used in investing activities	$ (124,321)	(259,811)
Revolving credit borrowings, net	$ 13,084	171,734
Distribution received from Spin-Off of Civeo		750,000
Debt and capital lease repayments	$ (411)	(408)
Issuance of common stock from share-based payment arrangements	2,385	8,844
Purchase of treasury stock	(104,596)	(162,053)
Tax impact of share-based payment arrangements	550	4,585
Shares added to treasury stock as a result of net share settlements due to vesting of restricted stock	(6,786)	(5,048)
Payment of financing costs	(2)	(3,862)
Other, net		1
Net cash flows used in continuing financing activities	(95,776)	(286,308)
Net cash flows used in discontinued financing activities		(282,204)
Net cash flows used in financing activities	(95,776)	(568,512)
Effect of exchange rate changes on cash	(278)	(3,663)
Net change in cash and cash equivalents	32,452	(529,506)
Cash and cash equivalents, beginning of period	53,263	599,306
Cash and cash equivalents, end of period	$ 85,715	$ 69,800

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2014	$ 610	$ 685,232	$ 1,151,266	$ (22,100)	$ (474,351)	$ 1,340,657
Net income			27,481			27,481
Currency translation adjustment (excluding intercompany notes) | Excluding Intercompany Notes [Member]				(16,295)		(16,295)
Currency translation adjustment (excluding intercompany notes) | Intercompany Notes [Member]				(3,837)		(3,837)
Unrealized gain on forward contracts, net of tax				160		160
Exercise of stock options, including tax impact	2	2,932				2,934
Amortization of restricted stock compensation		13,993				13,993
Stock option expense		2,252				2,252
Restricted stock awards granted	4	(4)
Surrender of stock to pay taxes on stock option exercises and restricted stock awards					(6,786)	(6,786)
OIS common stock withdrawn from deferred compensation plan		(3)			3
Share repurchases					(105,916)	(105,916)
Balance at Sep. 30, 2015	$ 616	$ 704,402	$ 1,178,747	$ (42,072)	$ (587,050)	$ 1,254,643

Note 1 - Organization and Basis

Note 1 - Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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 Unaudited Condensed 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 condensed 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. Our industry is cyclical and this cyclicality impacts our estimates of the period over which future cash flows will be generated, as well as the predictability of these cash flows including our determination of whether a decline in value of our long-lived assets and related fair values of our reporting units have occurred. A longer term continuation of the current down cycle will likely result in changes in our estimates of forward cash flow timing and amounts and may result in impairment losses. 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 Pron

Note 2 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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 September 2015, the FASB issued guidance on measurement-period adjustments for business combinations which require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period with a corresponding adjustment to goodwill in the reporting period in which the adjustment amounts are determined, as opposed to revising prior periods presented in financial statements as previously required. Thus, an acquirer shall record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. This guidance requires an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. For public business entities, the guidance is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. This guidance should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this guidance with earlier application permitted for financial statements that have not been issued. We do not expect that the adoption of this standard will have a material effect on our consolidated financial statements. 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. In August 2015, the FASB issued additional guidance on this topic 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. In May 2014, the FASB issued guidance on revenue from contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In August 2015, the FASB issued guidance deferring the effective date by one year to December 15, 2017 for fiscal years, and interim periods within those years, beginning after that date and permitted early adoption of the standard, but not before the original effective date of December 15, 2016. The gui dance permits the use of either a retrospective or cumulative effect transition method. We have not yet selected a transition method and are currently evaluating the impact of the amended guidance on our consolidated financial position, results of operations and related disclosures.

Note 3 - Details of Selected Ba

Note 3 - Details of Selected Balance Sheet Accounts	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	3. DETAILS OF SELECTED BALANCE SHEET ACCOUNTS Additional information regarding selected balance sheet accounts at September 30, 2015 and December 31, 2014 is presented below (in thousands): SEPTEMBER 3 0 , DECEMBER 31, 2015 2014 Accounts receivable, net: Trade $ 189,253 $ 348,115 Unbilled revenue 116,749 148,371 Other 5,396 7,763 Total accounts receivable 311,398 504,249 Allowance for doubtful accounts (6,824 ) (7,125 ) $ 304,574 $ 497,124 SEPTEMBER 3 0 , DECEMBER 31, 2015 2014 Inventories, net: Finished goods and purchased products $ 101,213 $ 94,955 Work in process 48,331 49,631 Raw materials 89,060 97,780 Total inventories 238,604 242,366 Allowance for excess, damaged, or obsolete inventory (12,210 ) (9,876 ) $ 226,394 $ 232,490 SEPTEMBER 3 0 , DECEMBER 31, 2015 2014 Prepaid expenses and other current assets : Income tax asset $ 13,535 $ 17,740 Prepaid insurance 2,671 7,310 Prepaid rent/leases 1,184 802 Other prepaid expenses and current assets 13,935 17,937 $ 31,325 $ 43,789 Estimated SEPTEMBER 3 0 , DECEMBER 31, Useful Life (years) 2015 2014 Property, plant and equipment, net: Land $ 26,375 $ 29,850 Buildings and leasehold improvements 3-40 181,854 175,421 Machinery and equipment 2-28 459,858 438,980 Completion services equipment 2-10 419,761 387,165 Office furniture and equipment 1-10 32,024 30,647 Vehicles 1-10 127,307 129,922 Construction in progress 82,450 74,088 Total property, plant and equipment 1,329,629 1,266,073 Accumulated depreciation (681,299 ) (616,227 ) $ 648,330 $ 649,846 SEPTEMBER 3 0 , DECEMBER 31, 2015 2014 Accrued liabilities: Accrued compensation $ 21,537 $ 58,979 Insurance liabilities 10,959 11,300 Accrued taxes, other than income taxes 7,990 4,851 Accrued commissions 2,192 3,622 Accrued product warranty reserves 2,471 2,810 Other 16,285 14,568 $ 61,434 $ 96,130

Note 4 - Accumulated Other Comp

Note 4 - Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	4. ACCUMULATED OTHER COMPREHENSIVE LOSS Our accumulated other comprehensive loss, reported as a component of stockholders’ equity, increased from $22.1 million at December 31, 2014 to $42.1 million at September 30, 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 which are used to remeasure the foreign operations of our reportable segments (primarily in the United Kingdom, Brazil, Thailand and Canada). During the first nine months of 2015, the U.S. dollar strengthened significantly relative to the majority of these key foreign currencies, and, as a result, our accumulated other comprehensive loss increased.

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	5. EARNINGS PER SHARE The numerator (income or loss) and denominator (shares) used for the computation of basic and diluted earnings per share were as follows (in thousands): THREE MONTHS EN DED SEPTEMBER 3 0 , 201 5 201 4 Income (Loss) Shares Income (Loss) Shares Basic: Net income attributable to Oil States International, Inc. $ 1,729 $ 56,920 Less: Undistributed net income allocable to participating securities (36 ) (1,187 ) Undistributed net income applicable to common stockholders 1,693 55,733 Less: (Income) loss from discontinued operations, net of tax (23 ) 1,467 Add: Undistributed net income (loss) from discontinued operations allocable to participating securities -- (31 ) Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic $ 1,670 50,011 $ 57,169 52,979 Diluted: Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic $ 1,670 50,011 $ 57,169 52,979 Effect of dilutive securities: Undistributed net income reallocated to participating securities -- -- 7 -- Options on common stock -- 30 -- 298 Restricted stock awards and other -- 9 -- 17 Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted 1,670 50,050 57,176 53,294 Income (loss) from discontinued operations, net of tax, applicable to Oil States International, Inc. common stockholders 22 (1,436 ) Net income attributable to Oil States International, Inc. common stockholders – Diluted $ 1,692 50,050 $ 55,740 53,294 NINE MONTHS ENDED SEPTEMBER 30, 201 5 201 4 Income (Loss) Shares Income (Loss) Shares Basic: Net income attributable to Oil States International, Inc. $ 27,481 $ 120,544 Less: Undistributed net income allocable to participating securities (575 ) (1,846 ) Undistributed net income applicable to common stockholders 26,906 118,698 Less: Income from discontinued operations, net of tax (224 ) (51,571 ) Add: Undistributed net income from discontinued operations allocable to participating securities 5 790 Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic $ 26,687 50,422 $ 67,917 53,119 Diluted: Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic $ 26,687 50,422 $ 67,917 53,119 Effect of dilutive securities: Undistributed net income reallocated to participating securities 1 -- 6 -- Options on common stock -- 70 -- 286 Restricted stock awards and other -- 9 -- 17 Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted 26,688 50,501 67,923 53,422 Income from discontinued operations, net of tax, applicable to Oil States International, Inc. common stockholders 219 50,781 Undistributed net income reallocated to participating securities -- 4 Net income attributable to Oil States International, Inc. common stockholders – Diluted $ 26,907 50,501 $ 118,708 53,422 Our calculation of diluted earnings per share for the three and nine months ended September 30, 2015 excluded 757,150 shares and 745,514 shares, respectively, issuable pursuant to outstanding stock options and restricted stock awards, due to their antidilutive effect. Our calculation of diluted earnings per share for the three and nine months ended September 30, 2014 excluded 196,039 shares and 186,354 shares, respectively, issuable pursuant to outstanding stock options and restricted stock awards, due to their antidilutive effect.

Note 6 - Business Acquisitions

Note 6 - Business Acquisitions and Goodwill	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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. 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. Total transaction consideration was $33.4 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 nine month period ended September 30, 2015 were as follows (in thousands): Well Site Services Completion Services Drilling Services Subtotal 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 -- -- -- 13,942 13,942 Foreign currency translation and other changes (1,674 ) -- (1,674 ) (161 ) (1,835 ) $ 104,765 $ -- $ 104,765 $ 159,543 $ 264,308 Balance as of September 30, 2015 Goodwill $ 199,293 $ 22,767 $ 222,060 $ 159,543 $ 381,603 Accumulated Impairment Losses (94,528 ) (22,767 ) (117,295 ) -- (117,295 ) $ 104,765 $ -- $ 104,765 $ 159,543 $ 264,308

Note 7 - Discontinued Operation

Note 7 - Discontinued Operations	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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. The following table provides the components of net income from discontinued operations, net of tax for each operating segment (in thousands). Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, 201 5 September 30, 201 4 September 30, 201 5 September 30, 201 4 Revenues Accommodations $ -- $ -- $ -- $ 404,132 Tubular services $ -- $ -- $ -- $ -- Income (loss) from Accommodations discontinued operations: Income from discontinued operations before income taxes $ 36 $ 512 $ 324 $ 62,436 Income tax expense (13 ) (1,965 ) (117 ) (11,063 ) Net (loss) income from discontinued operations, net of tax $ 23 $ (1,453 ) $ 207 $ 51,373 Income (loss) from Tubular services discontinued operations: (Loss) Income from discontinued operations before income taxes $ -- $ (21 ) $ 27 $ 315 Income tax (expense) benefit -- 7 (10 ) (118 ) Net (loss) income from discontinued operations, net of tax $ -- $ (14 ) $ 17 $ 197

Note 8 - Debt

Note 8 - Debt	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Debt Disclosure [Text Block]	8. DEBT As of September 30, 2015 and December 31, 2014, long-term debt consisted of the following (in thousands): September 3 0 , 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 3.5% for the nine month period ended September 30, 2015 $ 153,767 $ 140,684 Capital lease obligations and other debt 6,359 6,681 Total debt 160,126 147,365 Less: Current portion 515 530 Total long-term debt and capitalized leases $ 159,611 $ 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 nine months 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 nine months 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, losses on extinguishment of debt, debt discount amortization and other non-cash charges. As of September 30, 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 September 30, 2015, we had $153.8 million outstanding under the Credit Agreement and an additional $39.5 million of outstanding letters of credit, leaving $406.7 million available to be drawn under the credit facility. As of September 30, 2015, the Company had approximately $85.7 million of cash and cash equivalents . Loss on Extinguishment of Debt During the first nine months of 2014, we recognized losses on the extinguishment of debt totaling $100.4 million primarily due to the repurchase of our remaining 6 1/2% Notes and 5 1/8% Notes (the Notes), which resulted in a loss of $96.7 million consisting of the premium paid over book value for the Notes and the write-off of unamortized deferred financing costs associated with the Notes. This repurchase was partially funded with the proceeds of the $750 million special cash dividend paid to us by Civeo in connection with the Spin-Off, along with available cash on hand. In addition, as a result of the refinancing of our existing credit facility in the second quarter of 2014, we recognized a loss on extinguishment of debt of $3.7 million (net of $1.8 million allocated to discontinued operations for the Canadian portion of the facility) from the write-off of unamortized deferred financing costs.

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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 Sto

Note 10 - Changes in Common Stock Outstanding	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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 (2,674,218 ) Shares issued upon granting of restricted stock awards, net of forfeitures 448,024 Shares issued upon exercise of stock options 175,260 Shares withheld for taxes on exercise of stock options and vesting of restricted stock awards and transferred to treasury (160,698 ) Shares of common stock outstanding – September 30, 2015 50,805,727 On September 6, 2013, the Company announced an increase in its Board-authorized Company share repurchase program from $200 million to $500 million providing for the repurchase of the Company’s common stock, par value $.01 per share. On July 29, 2015, the Company’s Board of Directors approved the termination of our existing share repurchase program and authorized a new program providing for the repurchase of up to $150 million of the Company’s common stock, par value $.01 per share. The new program is set to expire on July 29, 2016. During the nine months ended September 30, 2015, a total of $105.9 million of our stock (2,674,218 shares) were repurchased under these programs compared to $155.4 million (1,704,127 shares) during the nine months ended September 30, 2014. The amount remaining under our current share repurchase authorization as of September 30, 2015 was approximately $136.8 million. Subject to applicable securities laws, such purchases will be at such times and in such amounts as the Company deems appropriate.

Note 11 - Stock Based Compensat

Note 11 - Stock Based Compensation	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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 nine months ended September 30, 2015. Stock Options Restricted Stock Awards Number of Shares Outstanding at January 1, 2015 1,007,686 1,106,670 Granted 119,370 558,748 Options Exercised/Stock Vested (175,260 ) (440,599 ) Cancelled (18,996 ) (34,824 ) Outstanding at September 30, 2015 932,800 1,189,995 Stock based compensation pre-tax expense from continuing operations recognized in the three month periods ended September 30, 2015 and 2014 totaled $5.5 million and $6.8 million, respectively. Stock based compensation pre-tax expense from continuing operations recognized in the nine month periods ended September 30, 2015 and 2014 totaled $16.2 million and $19.3 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 of specified 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 September 30, 2015, $38.3 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	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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 and nine months ended September 30, 2015 was income tax expense of $4.0 million, representing 69.9% of pretax income, and $18.6 million, representing 40.6% of pretax income, respectively, compared to income tax expense of $32.0 million, or 35.4% of pretax income, and income tax expense of $36.5 million, or 34.6% of pretax income, respectively, for the three and nine months ended September 30, 2014. The higher effective tax rate in the third quarter of 2015 compared to the third quarter of 2014 was primarily due to a $3.2 million tax valuation allowance recorded against certain of the Company’s deferred tax assets. The increase in the effective tax rate for the nine months ended September 30, 2015 compared to the same period in 2014 was largely the result of the $3.5 million tax valuation allowance recorded against certain of the Company’s deferred tax assets, a $2.3 million deferred tax adjustment for certain prior period non-deductible items in 2015, partially offset by reduced domestic income in 2015 due to the impact of the industry downturn in activity and the loss incurred in 2014 from the extinguishment of debt associated with the debt refinancings completed in conjunction with the Spin-Off.

Note 13 - Segment and Related I

Note 13 - Segment and Related Information	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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 and nine months ended September 30, 2015 and 2014 is summarized in the following table (in thousands): Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Equity in earnings of unconsolidated affiliates Capital expenditures Total assets Three months ended September 30, 201 5 Well site services – Completion services $ 66,734 $ 18,701 $ (9,991 ) $ - $ 11,343 $ 545,986 Drilling services 16,506 6,725 (4,844 ) - 1,539 109,645 Total well site services 83,240 25,426 (14,835 ) - 12,882 655,631 Offshore products 175,646 5,985 33,512 1 10,538 955,439 Corporate and eliminations - 319 (12,031 ) - 154 37,268 Total $ 258,886 $ 31,730 $ 6,646 $ 1 $ 23,574 $ 1,648,338 Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Equity in earnings of unconsolidated affiliates Capital expenditures Total assets Three months ended September 30, 201 4 Well site services – Completion services $ 171,990 $ 18,560 $ 43,242 $ - $ 36,370 $ 622,318 Drilling services 52,416 6,721 8,511 - 6,054 144,211 Total well site services 224,406 25,281 51,753 - 42,424 766,529 Offshore products 246,626 5,539 54,899 74 16,783 1,016,077 Corporate and eliminations - 256 (15,040 ) - 131 20,863 Total $ 471,032 $ 31,076 $ 91,612 $ 74 $ 59,338 $ 1,803,469 Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Equity in earnings of unconsolidated affiliates Capital expenditures Total assets Nine months ended September 30, 201 5 Well site services – Completion services $ 254,265 $ 57,289 $ (8,492 ) $ - $ 46,721 $ 545,986 Drilling services 56,888 20,368 (11,725 ) - 10,209 109,645 Total well site services 311,153 77,657 (20,217 ) - 56,930 655,631 Offshore products 554,350 18,054 104,889 5 34,704 955,439 Corporate and eliminations - 1,031 (35,542 ) - 680 37,268 Total $ 865,503 $ 96,742 $ 49,130 $ 5 $ 92,314 $ 1,648,338 Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Equity in earnings of unconsolidated affiliates Capital expenditures Total assets Nine months ended September 30, 201 4 Well site services – Completion services $ 474,106 $ 54,904 $ 106,760 $ - $ 80,523 $ 622,318 Drilling services 152,243 20,358 23,044 - 21,141 144,211 Total well site services 626,349 75,262 129,804 - 101,664 766,529 Offshore products 709,527 16,939 142,508 292 39,190 1,016,077 Corporate and eliminations - 769 (53,888 ) (1) - 1,695 20,863 Total $ 1,335,876 $ 92,970 $ 218,424 $ 292 $ 142,549 $ 1,803,469 (1) The corporate operating losses for the nine months ended September 30, 2014 include $11.0 million of transactions costs primarily related to the Spin-Off.

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
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 the first nine months of 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. The Company is actively defending these claims in Federal Court while pursuing potential resolution of the claims through settlement in appropriate cases. The Company recorded a liability in earlier periods for the estimated amount of any expected settlement. 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 22

Note 3 - Details of Selected Balance Sheet Accounts (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	SEPTEMBER 3 0 , DECEMBER 31, 2015 2014 Accounts receivable, net: Trade $ 189,253 $ 348,115 Unbilled revenue 116,749 148,371 Other 5,396 7,763 Total accounts receivable 311,398 504,249 Allowance for doubtful accounts (6,824 ) (7,125 ) $ 304,574 $ 497,124
Schedule of Inventory, Current [Table Text Block]	SEPTEMBER 3 0 , DECEMBER 31, 2015 2014 Inventories, net: Finished goods and purchased products $ 101,213 $ 94,955 Work in process 48,331 49,631 Raw materials 89,060 97,780 Total inventories 238,604 242,366 Allowance for excess, damaged, or obsolete inventory (12,210 ) (9,876 ) $ 226,394 $ 232,490
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	SEPTEMBER 3 0 , DECEMBER 31, 2015 2014 Prepaid expenses and other current assets : Income tax asset $ 13,535 $ 17,740 Prepaid insurance 2,671 7,310 Prepaid rent/leases 1,184 802 Other prepaid expenses and current assets 13,935 17,937 $ 31,325 $ 43,789
Property, Plant and Equipment [Table Text Block]	Estimated SEPTEMBER 3 0 , DECEMBER 31, Useful Life (years) 2015 2014 Property, plant and equipment, net: Land $ 26,375 $ 29,850 Buildings and leasehold improvements 3-40 181,854 175,421 Machinery and equipment 2-28 459,858 438,980 Completion services equipment 2-10 419,761 387,165 Office furniture and equipment 1-10 32,024 30,647 Vehicles 1-10 127,307 129,922 Construction in progress 82,450 74,088 Total property, plant and equipment 1,329,629 1,266,073 Accumulated depreciation (681,299 ) (616,227 ) $ 648,330 $ 649,846
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	SEPTEMBER 3 0 , DECEMBER 31, 2015 2014 Accrued liabilities: Accrued compensation $ 21,537 $ 58,979 Insurance liabilities 10,959 11,300 Accrued taxes, other than income taxes 7,990 4,851 Accrued commissions 2,192 3,622 Accrued product warranty reserves 2,471 2,810 Other 16,285 14,568 $ 61,434 $ 96,130

Note 5 - Earnings Per Share (Ta

Note 5 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	THREE MONTHS EN DED SEPTEMBER 3 0 , 201 5 201 4 Income (Loss) Shares Income (Loss) Shares Basic: Net income attributable to Oil States International, Inc. $ 1,729 $ 56,920 Less: Undistributed net income allocable to participating securities (36 ) (1,187 ) Undistributed net income applicable to common stockholders 1,693 55,733 Less: (Income) loss from discontinued operations, net of tax (23 ) 1,467 Add: Undistributed net income (loss) from discontinued operations allocable to participating securities -- (31 ) Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic $ 1,670 50,011 $ 57,169 52,979 Diluted: Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic $ 1,670 50,011 $ 57,169 52,979 Effect of dilutive securities: Undistributed net income reallocated to participating securities -- -- 7 -- Options on common stock -- 30 -- 298 Restricted stock awards and other -- 9 -- 17 Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted 1,670 50,050 57,176 53,294 Income (loss) from discontinued operations, net of tax, applicable to Oil States International, Inc. common stockholders 22 (1,436 ) Net income attributable to Oil States International, Inc. common stockholders – Diluted $ 1,692 50,050 $ 55,740 53,294 NINE MONTHS ENDED SEPTEMBER 30, 201 5 201 4 Income (Loss) Shares Income (Loss) Shares Basic: Net income attributable to Oil States International, Inc. $ 27,481 $ 120,544 Less: Undistributed net income allocable to participating securities (575 ) (1,846 ) Undistributed net income applicable to common stockholders 26,906 118,698 Less: Income from discontinued operations, net of tax (224 ) (51,571 ) Add: Undistributed net income from discontinued operations allocable to participating securities 5 790 Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic $ 26,687 50,422 $ 67,917 53,119 Diluted: Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic $ 26,687 50,422 $ 67,917 53,119 Effect of dilutive securities: Undistributed net income reallocated to participating securities 1 -- 6 -- Options on common stock -- 70 -- 286 Restricted stock awards and other -- 9 -- 17 Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted 26,688 50,501 67,923 53,422 Income from discontinued operations, net of tax, applicable to Oil States International, Inc. common stockholders 219 50,781 Undistributed net income reallocated to participating securities -- 4 Net income attributable to Oil States International, Inc. common stockholders – Diluted $ 26,907 50,501 $ 118,708 53,422

Note 6 - Business Acquisition24

Note 6 - Business Acquisitions and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Goodwill [Table Text Block]	Well Site Services Completion Services Drilling Services Subtotal 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 -- -- -- 13,942 13,942 Foreign currency translation and other changes (1,674 ) -- (1,674 ) (161 ) (1,835 ) $ 104,765 $ -- $ 104,765 $ 159,543 $ 264,308 Balance as of September 30, 2015 Goodwill $ 199,293 $ 22,767 $ 222,060 $ 159,543 $ 381,603 Accumulated Impairment Losses (94,528 ) (22,767 ) (117,295 ) -- (117,295 ) $ 104,765 $ -- $ 104,765 $ 159,543 $ 264,308

Note 7 - Discontinued Operati25

Note 7 - Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended September 30, 201 5 September 30, 201 4 September 30, 201 5 September 30, 201 4 Revenues Accommodations $ -- $ -- $ -- $ 404,132 Tubular services $ -- $ -- $ -- $ -- Income (loss) from Accommodations discontinued operations: Income from discontinued operations before income taxes $ 36 $ 512 $ 324 $ 62,436 Income tax expense (13 ) (1,965 ) (117 ) (11,063 ) Net (loss) income from discontinued operations, net of tax $ 23 $ (1,453 ) $ 207 $ 51,373 Income (loss) from Tubular services discontinued operations: (Loss) Income from discontinued operations before income taxes $ -- $ (21 ) $ 27 $ 315 Income tax (expense) benefit -- 7 (10 ) (118 ) Net (loss) income from discontinued operations, net of tax $ -- $ (14 ) $ 17 $ 197

Note 8 - Debt (Tables)

Note 8 - Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 3 0 , 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 3.5% for the nine month period ended September 30, 2015 $ 153,767 $ 140,684 Capital lease obligations and other debt 6,359 6,681 Total debt 160,126 147,365 Less: Current portion 515 530 Total long-term debt and capitalized leases $ 159,611 $ 146,835

Note 10 - Changes in Common S27

Note 10 - Changes in Common Stock Outstanding (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Stock Activity [Table Text Block]	Shares of common stock outstanding – January 1, 2015 53,017,359 Repurchase of shares – transferred to treasury (2,674,218 ) Shares issued upon granting of restricted stock awards, net of forfeitures 448,024 Shares issued upon exercise of stock options 175,260 Shares withheld for taxes on exercise of stock options and vesting of restricted stock awards and transferred to treasury (160,698 ) Shares of common stock outstanding – September 30, 2015 50,805,727

Note 11 - Stock Based Compens28

Note 11 - Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
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 119,370 558,748 Options Exercised/Stock Vested (175,260 ) (440,599 ) Cancelled (18,996 ) (34,824 ) Outstanding at September 30, 2015 932,800 1,189,995

Note 13 - Segment and Related29

Note 13 - Segment and Related Information (Tables)	9 Months Ended
	Sep. 30, 2015
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Equity in earnings of unconsolidated affiliates Capital expenditures Total assets Three months ended September 30, 201 5 Well site services – Completion services $ 66,734 $ 18,701 $ (9,991 ) $ - $ 11,343 $ 545,986 Drilling services 16,506 6,725 (4,844 ) - 1,539 109,645 Total well site services 83,240 25,426 (14,835 ) - 12,882 655,631 Offshore products 175,646 5,985 33,512 1 10,538 955,439 Corporate and eliminations - 319 (12,031 ) - 154 37,268 Total $ 258,886 $ 31,730 $ 6,646 $ 1 $ 23,574 $ 1,648,338 Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Equity in earnings of unconsolidated affiliates Capital expenditures Total assets Three months ended September 30, 201 4 Well site services – Completion services $ 171,990 $ 18,560 $ 43,242 $ - $ 36,370 $ 622,318 Drilling services 52,416 6,721 8,511 - 6,054 144,211 Total well site services 224,406 25,281 51,753 - 42,424 766,529 Offshore products 246,626 5,539 54,899 74 16,783 1,016,077 Corporate and eliminations - 256 (15,040 ) - 131 20,863 Total $ 471,032 $ 31,076 $ 91,612 $ 74 $ 59,338 $ 1,803,469 Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Equity in earnings of unconsolidated affiliates Capital expenditures Total assets Nine months ended September 30, 201 5 Well site services – Completion services $ 254,265 $ 57,289 $ (8,492 ) $ - $ 46,721 $ 545,986 Drilling services 56,888 20,368 (11,725 ) - 10,209 109,645 Total well site services 311,153 77,657 (20,217 ) - 56,930 655,631 Offshore products 554,350 18,054 104,889 5 34,704 955,439 Corporate and eliminations - 1,031 (35,542 ) - 680 37,268 Total $ 865,503 $ 96,742 $ 49,130 $ 5 $ 92,314 $ 1,648,338 Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Equity in earnings of unconsolidated affiliates Capital expenditures Total assets Nine months ended September 30, 201 4 Well site services – Completion services $ 474,106 $ 54,904 $ 106,760 $ - $ 80,523 $ 622,318 Drilling services 152,243 20,358 23,044 - 21,141 144,211 Total well site services 626,349 75,262 129,804 - 101,664 766,529 Offshore products 709,527 16,939 142,508 292 39,190 1,016,077 Corporate and eliminations - 769 (53,888 ) (1) - 1,695 20,863 Total $ 1,335,876 $ 92,970 $ 218,424 $ 292 $ 142,549 $ 1,803,469

Note 3 - Accounts Receivable (D

Note 3 - Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts receivable, gross	$ 189,253	$ 348,115
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts receivable, gross	116,749	148,371
Other Receivables [Member]
Accounts receivable, net:
Accounts receivable, gross	5,396	7,763
Accounts receivable, gross	311,398	504,249
Allowance for doubtful accounts	(6,824)	(7,125)
	$ 304,574	$ 497,124

Note 3 - Inventories (Details)

Note 3 - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventories, net:
Finished goods and purchased products	$ 101,213	$ 94,955
Work in process	48,331	49,631
Raw materials	89,060	97,780
Total inventories	238,604	242,366
Allowance for excess, damaged, or obsolete inventory	(12,210)	(9,876)
	$ 226,394	$ 232,490

Note 3 - Prepaid Expenses and O

Note 3 - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Prepaid expenses and other current assets:
Income tax asset	$ 13,535	$ 17,740
Prepaid insurance	2,671	7,310
Prepaid rent/leases	1,184	802
Other prepaid expenses and current assets	13,935	17,937
	$ 31,325	$ 43,789

Note 3 - Property, Plant and Eq

Note 3 - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Land [Member]
Land	$ 26,375	$ 29,850
Building and Building Improvements [Member] | Minimum [Member]
Estimated Useful Life (years)	3 years
Building and Building Improvements [Member] | Maximum [Member]
Estimated Useful Life (years)	40 years
Building and Building Improvements [Member]
Land	$ 181,854	175,421
Machinery and Equipment [Member] | Minimum [Member]
Estimated Useful Life (years)	2 years
Machinery and Equipment [Member] | Maximum [Member]
Estimated Useful Life (years)	28 years
Machinery and Equipment [Member]
Land	$ 459,858	438,980
Completion Services [Member] | Minimum [Member]
Estimated Useful Life (years)	2 years
Completion Services [Member] | Maximum [Member]
Estimated Useful Life (years)	10 years
Completion Services [Member]
Land	$ 419,761	387,165
Office Furniture and Equipment [Member] | Minimum [Member]
Estimated Useful Life (years)	1 year
Office Furniture and Equipment [Member] | Maximum [Member]
Estimated Useful Life (years)	10 years
Office Furniture and Equipment [Member]
Land	$ 32,024	30,647
Vehicles [Member] | Minimum [Member]
Estimated Useful Life (years)	1 year
Vehicles [Member] | Maximum [Member]
Estimated Useful Life (years)	10 years
Vehicles [Member]
Land	$ 127,307	129,922
Construction in Progress [Member]
Land	82,450	74,088
Land	1,329,629	1,266,073
Accumulated depreciation	681,299	616,227
	$ 648,330	$ 649,846

Note 3 - Accrued Liabilities (D

Note 3 - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accrued liabilities:
Accrued compensation	$ 21,537	$ 58,979
Insurance liabilities	10,959	11,300
Accrued taxes, other than income taxes	7,990	4,851
Accrued commissions	2,192	3,622
Accrued product warranty reserves	2,471	2,810
Other	16,285	14,568
	$ 61,434	$ 96,130

Note 4 - Accumulated Other Co35

Note 4 - Accumulated Other Comprehensive Loss (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (42,072)	$ (22,100)

Note 5 - Earnings Per Share (De

Note 5 - Earnings Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	757,150	196,039	745,514	186,354

Note 5 - Earnings Per Share Cal

Note 5 - Earnings Per Share Calculation (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Basic [Member]
Less: (Income) loss from discontinued operations, net of tax			$ (224)	$ (51,571)
Discontinued operations			224	51,571
Diluted [Member]
Less: (Income) loss from discontinued operations, net of tax	$ (22)	$ 1,436	(219)	(50,781)
Discontinued operations	22	(1,436)	219	50,781
Discontinued Operations [Member]
Undistributed net income allocable to participating securities		(31)	5	790
Undistributed net income reallocated to participating securities				4
Undistributed net income reallocated to participating securities				4
Continuing Operations [Member]
Undistributed net income applicable to common stockholders	$ 1,670	$ 57,169	$ 26,687	$ 67,917
Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic (in shares)	50,011	52,979	50,422	53,119
Undistributed net income reallocated to participating securities		$ 7	$ 1	$ 6
Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted	$ 1,670	$ 57,176	$ 26,688	$ 67,923
Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted (in shares)	50,050	53,294	50,501	53,422
Undistributed net income reallocated to participating securities		$ 7	$ 1	$ 6
Net income attributable to Oil States International, Inc.	$ 1,729	56,920	27,481	120,544
Undistributed net income allocable to participating securities	(36)	(1,187)	(575)	(1,846)
Undistributed net income applicable to common stockholders	1,693	55,733	26,906	118,698
Less: (Income) loss from discontinued operations, net of tax	$ (23)	$ 1,467	$ (224)	$ (51,571)
Income from continuing operations applicable to Oil States International, Inc. common stockholders – Basic (in shares)	50,011	52,979	50,422	53,119
Options on common stock (in shares)	30	298	70	286
Restricted stock awards and other	$ 9	$ 17	$ 9	$ 17
Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted	$ 1,692	$ 55,740	$ 26,907	$ 118,708
Income from continuing operations applicable to Oil States International, Inc. common stockholders – Diluted (in shares)	50,050	53,294	50,501	53,422
Discontinued operations	$ 23	$ (1,467)	$ 224	$ 51,571

Note 6 - Business Acquisition38

Note 6 - Business Acquisitions and Goodwill (Details Textual) $ in Millions	Jan. 02, 2015USD ($)
Montgomery Machine Company Inc [Member]
Business Combination, Consideration Transferred	$ 33.4

Note 6 - Changes in the Carryin

Note 6 - Changes in the Carrying Value of Goodwill (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2015	Dec. 31, 2014
Well Site Services Completion Services [Member]
Goodwill		$ 199,293	$ 200,967
Accumulated Impairment Losses	[1]	(94,528)	(94,528)
		$ 104,765	106,439
Goodwill acquired
Foreign currency translation and other changes		$ (1,674)
		104,765	106,439
Well Site Services Drilling Services [Member]
Goodwill		22,767	22,767
Accumulated Impairment Losses	[1]	$ (22,767)	$ (22,767)
Goodwill acquired
Foreign currency translation and other changes
Total Well Site Services [Member]
Goodwill		$ 222,060	$ 223,734
Accumulated Impairment Losses	[1]	(117,295)	(117,295)
		$ 104,765	106,439
Goodwill acquired
Foreign currency translation and other changes		$ (1,674)
		104,765	106,439
Offshore Products [Member]
Goodwill		159,543	145,762
		159,543	145,762
Goodwill acquired		13,942
Foreign currency translation and other changes		(161)
		159,543	145,762
Goodwill		381,603	369,496
Accumulated Impairment Losses	[1]	(117,295)	(117,295)
		264,308	252,201
Goodwill acquired		13,942
Foreign currency translation and other changes		(1,835)
		$ 264,308	$ 252,201
[1]	None recorded in the first nine months of 2015.

Note 7 - Discontinued Operati40

Note 7 - Discontinued Operations (Details Textual)	May. 30, 2014
Spin Off Common Stock Ratio	2

Note 7 - Operating Results of D

Note 7 - Operating Results of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accommodations [Member]
Accommodations				$ 404,132
Income from discontinued operations before income taxes	$ 36	$ 512	$ 324	62,436
Income tax expense	(13)	(1,965)	(117)	(11,063)
Net (loss) income from discontinued operations, net of tax	$ 23	(1,453)	207	51,373
Tubular Services [Member]
Income from discontinued operations before income taxes		(21)	27	315
Income tax expense		7	(10)	(118)
Net (loss) income from discontinued operations, net of tax		(14)	17	197
Net (loss) income from discontinued operations, net of tax	$ 23	$ (1,467)	$ 224	$ 51,571

Note 8 - Debt (Details Textual)

Note 8 - Debt (Details Textual) $ in Thousands	3 Months Ended			9 Months Ended		16 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)	May. 28, 2014USD ($)	Dec. 31, 2013USD ($)
Six and a Half Percent Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage									6.50%
Five and One Eighth Percent Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage									5.125%
Revolving Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate						2.50%
Revolving Credit Facility [Member] | Maximum [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate						1.50%
Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 750,000
Revolving Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate						1.50%
Revolving Credit Facility [Member] | Minimum [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate						0.50%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.50%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 600,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				0.375%
Senior Unsecured Notes [Member]
Gains (Losses) on Extinguishment of Debt					$ (96,700)
Write Off Of Unamortized Deferred Finance Costs [Member] | CANADA | Discontinued Operations [Member]
Gains (Losses) on Extinguishment of Debt			$ (1,800)
Write Off Of Unamortized Deferred Finance Costs [Member]
Gains (Losses) on Extinguishment of Debt			$ (3,700)
Interest Coverage Ratio						3
Maximum Leverage Ratio						3.25
Line of Credit, Current	$ 153,800			$ 153,800		$ 153,800
Letters of Credit Outstanding, Amount	39,500			39,500		39,500
Line of Credit Facility, Remaining Borrowing Capacity	406,700			406,700		406,700
Cash and Cash Equivalents, at Carrying Value	$ 85,715	$ 69,800		$ 85,715	69,800	$ 85,715	$ 53,263		$ 599,306
Gains (Losses) on Extinguishment of Debt		$ 30			(100,380)
Proceeds From Spin Off Distributions					$ 750,000

Note 8 - Summary of Long-term D

Note 8 - Summary of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Domestic Line of Credit [Member]
Revolving credit facility, which matures May 28, 2019, with available commitments up to $600 million and with a weighted average interest rate of 3.5% for the nine month period ended September 30, 2015	$ 153,767	$ 140,684
Total debt	153,767	140,684
Capital Lease Obligations And Other Debt [Member]
Revolving credit facility, which matures May 28, 2019, with available commitments up to $600 million and with a weighted average interest rate of 3.5% for the nine month period ended September 30, 2015	6,359	6,681
Total debt	6,359	6,681
Gross [Member]
Revolving credit facility, which matures May 28, 2019, with available commitments up to $600 million and with a weighted average interest rate of 3.5% for the nine month period ended September 30, 2015	160,126	147,365
Total debt	160,126	147,365
Less: Current portion	515	530
Total long-term debt and capitalized leases	$ 159,611	$ 146,835

Note 8 - Summary of Long-term44

Note 8 - Summary of Long-term Debt (Details) (Parentheticals) - Domestic Line of Credit [Member] - USD ($) $ in Billions	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Available commitments up to	$ 0.6	$ 0.6
Weighted Average Interest Rate	3.50%

Note 10 - Changes in Common S45

Note 10 - Changes in Common Stock Outstanding (Details Textual) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jul. 29, 2015	Dec. 31, 2014	Sep. 06, 2013	Aug. 31, 2013
Common Stock, Par or Stated Value Per Share	$ 0.01		$ 0.01	$ 0.01	$ 0.01
Stock Repurchase Program, Authorized Amount			$ 150		$ 500	$ 200
Stock Repurchased During Period, Value	$ 105.9	$ 155.4
Stock Repurchased During Period, Shares	2,674,218	1,704,127
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 136.8

Note 10 - Changes in Common S46

Note 10 - Changes in Common Stock Outstanding (Details)	9 Months Ended
	Sep. 30, 2015shares
Shares of common stock outstanding – January 1, 2015 (in shares)	53,017,359
Repurchase of shares – transferred to treasury (in shares)	(2,674,218)
Shares issued upon granting of restricted stock awards, net of forfeitures (in shares)	448,024
Shares issued upon exercise of stock options (in shares)	175,260
Shares withheld for taxes on exercise of stock options and vesting of restricted stock awards and transferred to treasury (in shares)	(160,698)
Shares of common stock outstanding – September 30, 2015 (in shares)	50,805,727

Note 11 - Stock Based Compens47

Note 11 - Stock Based Compensation (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	75,900
Share-based Compensation Arrangement By Share-based Payment Award Equity Instruments Other Than Options Value Grants In Period	$ 3.2
Allocated Share-based Compensation Expense		$ 5.5	$ 6.8	$ 16.2	$ 19.3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 38.3		$ 38.3

Note 11 - Stock Option Activity

Note 11 - Stock Option Activity (Details)	9 Months Ended
	Sep. 30, 2015shares
Employee Stock Option [Member]
Outstanding at January 1, 2015 (in shares)	1,007,686
Granted (in shares)	119,370
Options Exercised/Stock Vested (in shares)	(175,260)
Cancelled (in shares)	(18,996)
Outstanding at September 30, 2015 (in shares)	932,800
Restricted Stock [Member]
Outstanding at January 1, 2015 (in shares)	1,106,670
Granted (in shares)	558,748
Options Exercised/Stock Vested (in shares)	(440,599)
Cancelled (in shares)	(34,824)
Outstanding at September 30, 2015 (in shares)	1,189,995

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Brazilian and Mexican Deferred Tax Assets Related to Tax Loss Carryforwards [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 3,200		$ 3,500
Income Tax Expense (Benefit)	$ 3,953	$ 32,048	$ 18,646	$ 36,545
Effective Income Tax Rate Reconciliation, Percent	69.90%	35.40%	40.60%	34.60%
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount			$ 2,300

Note 13 - Segment and Related50

Note 13 - Segment and Related Information (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Transaction Cost [Member]
Operating Income (Loss)				$ (11,000)
Operating Income (Loss)	$ 6,646	$ 91,612	$ 49,130	$ 218,424

Note 13 - Financial Information

Note 13 - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Well Site Services Completion Services [Member]
Revenues from unaffiliated customers	$ 66,734	$ 171,990	$ 254,265	$ 474,106
Depreciation and amortization	18,701	18,560	57,289	54,904
Operating income (loss)	(9,991)	43,242	(8,492)	106,760
Capital expenditures	11,343	36,370	46,721	80,523
Total assets	545,986	622,318	545,986	622,318
Well Site Services Drilling Services [Member]
Revenues from unaffiliated customers	16,506	52,416	56,888	152,243
Depreciation and amortization	6,725	6,721	20,368	20,358
Operating income (loss)	(4,844)	8,511	(11,725)	23,044
Capital expenditures	1,539	6,054	10,209	21,141
Total assets	109,645	144,211	109,645	144,211
Total Well Site Services [Member]
Revenues from unaffiliated customers	83,240	224,406	311,153	626,349
Depreciation and amortization	25,426	25,281	77,657	75,262
Operating income (loss)	(14,835)	51,753	(20,217)	129,804
Capital expenditures	12,882	42,424	56,930	101,664
Total assets	655,631	766,529	655,631	766,529
Offshore Products [Member]
Revenues from unaffiliated customers	175,646	246,626	554,350	709,527
Depreciation and amortization	5,985	5,539	18,054	16,939
Operating income (loss)	33,512	54,899	104,889	142,508
Capital expenditures	10,538	16,783	34,704	39,190
Total assets	955,439	1,016,077	955,439	1,016,077
Equity in earnings of unconsolidated affiliates	$ 1	$ 74	$ 5	$ 292
Corporate and Eliminations [Member]
Revenues from unaffiliated customers
Depreciation and amortization	$ 319	$ 256	$ 1,031	$ 769
Operating income (loss)	(12,031)	(15,040)	(35,542)	(53,888)	[1]
Capital expenditures	154	131	680	1,695
Total assets	37,268	20,863	37,268	20,863
Revenues from unaffiliated customers	258,886	471,032	865,503	1,335,876
Depreciation and amortization	31,730	31,076	96,742	92,970
Operating income (loss)	6,646	91,612	49,130	218,424
Capital expenditures	23,574	59,338	92,314	142,549
Total assets	1,648,338	1,803,469	1,648,338	1,803,469
Equity in earnings of unconsolidated affiliates	$ 1	$ 74	$ 5	$ 292
[1]	The corporate operating losses for the nine months ended September 30, 2014 include $11.0 million of transactions costs primarily related to the Spin-Off.