Oil States International (OIS) 10-K 17 Feb 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 10, 2017	Jun. 30, 2016
Document Information [Line Items]
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)		51,372,628
Entity Public Float			$ 1,616,900,263
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Products	$ 416,174	$ 561,018	$ 765,339
Service	278,270	538,959	1,054,270
	694,444	1,099,977	1,819,609
Costs and expenses:
Product costs	288,270	395,137	546,639
Service costs	238,500	390,561	659,245
Selling, general and administrative expenses	124,033	132,664	169,432
Depreciation and amortization expense	118,720	131,257	124,776
Other operating (income) expense, net	(5,796)	(4,648)	9,262
	763,727	1,044,971	1,509,354
Operating income (loss)	(69,283)	55,006	310,255
Interest expense	(5,343)	(6,427)	(17,173)
Interest income	399	543	560
Loss on extinguishment of debt			(100,380)
Other income	902	1,446	3,082
Total	(73,325)	50,568	196,344
Income tax benefit (provision)	26,939	(22,197)	(69,117)
Net income (loss) from continuing operations	(46,386)	28,371	127,227
Net income from discontinued operations, net of tax	(4)	226	51,776
Net income (loss) attributable to Oil States	$ (46,390)	$ 28,597	$ 179,003
Basic net income (loss) per share attributable to Oil States from:
Continuing operations (in dollars per share)	$ (0.92)	$ 0.55	$ 2.37
Discontinued operations (in dollars per share)		0.01	0.96
Net income (loss) (in dollars per share)	(0.92)	0.56	3.33
Diluted net income (loss) per share attributable to Oil States from:
Continuing operations (in dollars per share)	(0.92)	0.55	2.35
Discontinued operations (in dollars per share)		0.01	0.96
Net income (loss) (in dollars per share)	$ (0.92)	$ 0.56	$ 3.31
Weighted average number of common shares outstanding:
Basic (in shares)	50,174	50,269	52,862
Diluted (in shares)	50,174	50,335	53,151

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income	$ (46,390)	$ 28,597	$ 179,003
Other comprehensive income (loss):
Foreign currency translation adjustments	(19,778)	(27,957)	235
Unrealized gain on forward contracts, net of tax		(307)	(6)
Other	176	(948)	(185)
Total other comprehensive income (loss)	(19,602)	(28,598)	56
Comprehensive income (loss)	(65,992)	(1)	179,059
Less: Comprehensive loss attributable to noncontrolling interest			(24)
Comprehensive income (loss) attributable to Oil States	$ (65,992)	$ (1)	$ 179,083

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 68,800	$ 35,973
Accounts receivable, net	234,513	333,494
Inventories, net	175,490	212,882
Prepaid expenses and other current assets	11,174	29,124
Total current assets	489,977	611,473
Property, plant, and equipment, net	553,402	638,725
Goodwill, net	263,369	263,787
Other intangible assets, net	52,746	59,385
Other noncurrent assets	24,404	23,101
Total assets	1,383,898	1,596,471
Current liabilities:
Less: Current portion	538	533
Accounts payable	34,207	59,116
Accrued liabilities	45,018	49,300
Income taxes payable	5,839	8,303
Deferred revenue	21,315	36,655
Other current liabilities	315	293
Total current liabilities	107,232	154,200
Long-term debt and capitalized leases	45,388	125,887
Deferred income taxes	5,036	40,497
Other noncurrent liabilities	21,935	20,215
Total liabilities	179,591	340,799
Common stock, $.01 par value, 200,000,000 shares authorized, 62,295,870 shares and 61,712,805 shares issued, respectively	623	617
Additional paid-in capital	731,562	712,980
Retained earnings	1,133,473	1,179,863
Accumulated other comprehensive loss	(70,300)	(50,698)
Treasury stock at cost, 10,921,509 and 10,759,656 shares, respectively	(591,051)	(587,090)
Total stockholders' equity	1,204,307	1,255,672
Total liabilities and stockholders' equity	$ 1,383,898	$ 1,596,471

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
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)	62,295,870	61,712,805
Treasury stock, shares (in shares)	10,921,509	10,759,656

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Discontinued Operations [Member]Additional Paid-in Capital [Member]	Discontinued Operations [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2013			$ 592	$ 637,438	$ 2,320,453	$ (85,675)	$ (249,391)	$ 1,877	$ 2,625,294
Net income					179,003				179,003
Net income from noncontrolling interest – discontinued operations								566	566
Currency translation adjustment | Excluding Intercompany Notes [Member]				1,234			82		1,316
Currency translation adjustment						235		(24)	211
Other comprehensive income						(185)			(185)
Unrealized gain on forward contracts, net of tax						6			6
Restricted stock				23,513					23,513
Stock options				3,636					3,636
Exercise/vesting of stock-based awards, including tax impact	$ 2,727	$ 2,727	4	17,124					17,128
Surrender of stock to pay taxes on restricted stock awards							(6,136)		(6,136)
Spin-Off of Civeo				(242)	(1,348,190)	63,519		(1,764)	(1,286,677)
Dividends paid (noncontrolling interest)								(489)	(489)
Acquisition of non-controlling interest				(184)				(166)	(350)
Stock repurchases							(218,906)		(218,906)
Other			14	(14)
Balance at Dec. 31, 2014			610	685,232	1,151,266	(22,100)	(474,351)		1,340,657
Net income					28,597				28,597
Currency translation adjustment | Excluding Intercompany Notes [Member]						(24,191)			(24,191)
Currency translation adjustment | Intercompany Notes [Member]						(3,766)			(3,766)
Currency translation adjustment			4	18,832					18,836
Other comprehensive income						(948)			(948)
Unrealized gain on forward contracts, net of tax						307			307
Stock options				2,942					2,942
Exercise/vesting of stock-based awards, including tax impact			3	5,977					5,980
Surrender of stock to pay taxes on restricted stock awards							(6,826)		(6,826)
Stock repurchases							(105,916)		(105,916)
Balance at Dec. 31, 2015			617	712,980	1,179,863	(50,698)	(587,090)		1,255,672
OIS common stock withdrawn from deferred compensation plan				(3)			3
Net income					(46,390)				(46,390)
Currency translation adjustment | Excluding Intercompany Notes [Member]						(23,802)			(23,802)
Currency translation adjustment | Intercompany Notes [Member]						4,024			4,024
Other comprehensive income						176			176
Unrealized gain on forward contracts, net of tax
Restricted stock			6	18,899					18,905
Stock options				2,245					2,245
Exercise/vesting of stock-based awards, including tax impact				(2,609)					(2,609)
Surrender of stock to pay taxes on restricted stock awards							(3,980)		(3,980)
Balance at Dec. 31, 2016			$ 623	731,562	$ 1,133,473	$ (70,300)	(591,051)		1,204,307
OIS common stock withdrawn from deferred compensation plan				$ 47			$ 19		$ 66

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ (46,390)	$ 28,597	$ 179,003
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income (loss) from discontinued operations	4	(226)	(51,776)
Depreciation and amortization	118,720	131,257	124,776
Stock-based compensation expense	21,322	21,778	25,581
Deferred income tax benefit	(37,606)	(3,173)	(11,970)
Tax impact of stock-based payment arrangements		(469)	(6,904)
Gains on disposals of assets	(802)	(1,274)	(2,043)
Amortization of deferred financing costs	785	780	1,819
Loss on extinguishment of debt			100,380
Other, net	2,923	283	3,127
Changes in operating assets and liabilities, net of effect from acquired businesses:
Accounts receivable	85,503	156,945	(65,787)
Inventories	32,158	17,777	1,430
Accounts payable and accrued liabilities	(27,716)	(98,354)	5,741
Income taxes payable	(1,930)	4,897	(15,130)
Other operating assets and liabilities, net	2,286	(3,050)	14,397
Net cash flows provided by continuing operating activities	149,257	255,768	302,644
Net cash flows provided by discontinued operating activities		353	135,392
Net cash flows provided by operating activities	149,257	256,121	438,036
Cash flows from investing activities:
Capital expenditures	(29,689)	(114,738)	(199,256)
Acquisitions of businesses, net of cash acquired		(33,427)	(157)
Proceeds from disposition of property, plant and equipment	1,532	2,655	3,535
Other, net	(1,135)	(1,686)	(2,626)
Net cash flows used in continuing investing activities	(29,292)	(147,196)	(198,504)
Net cash flows used in discontinued investing activities			(119,199)
Net cash flows used in investing activities	(29,292)	(147,196)	(317,703)
Cash flows from financing activities:
Revolving credit facility (repayments) borrowings, net	(80,674)	(17,825)	140,684
Debt and capital lease repayments	(534)	(541)	(538)
Payment of financing costs	(72)	(2)	(3,897)
Distribution received from Spin-Off of Civeo			750,000
Issuance of common stock from stock-based payment arrangements	367	5,920	10,475
Purchase of treasury stock		(105,916)	(226,303)
Tax impact of stock-based payment arrangements		469	6,904
Shares added to treasury stock as a result of net share settlements due to vesting of restricted stock	(3,962)	(6,827)	(6,136)
Net cash flows used in continuing financing activities	(84,875)	(124,722)	(378,912)
Net cash flows used in discontinued financing activities			(282,204)
Net cash flows used in financing activities	(84,875)	(124,722)	(661,116)
Effect of exchange rate changes on cash	(2,263)	(1,493)	(5,260)
Net change in cash and cash equivalents	32,827	(17,290)	(546,043)
Cash and cash equivalents, beginning of year	35,973	53,263	599,306
Cash and cash equivalents, end of year	68,800	35,973	53,263
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)

Consolidated Statements of Cas8

Consolidated Statements of Cash Flows (Parentheticals)	Dec. 31, 2014
Six and a Half Percent Senior Notes [Member]
Interest rate	6.50%
Five and One Eighth Percent Senior Notes [Member]
Interest rate	5.125%

Note 1 - Organization and Basis

Note 1 - Organization and Basis of Presentation	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Organization and Basis of Presentation The Consolidated Financial Statements include the accounts of Oil States International, Inc. (“Oil States” or the “Company”) and its consolidated subsidiaries. Investments in unconsolidated affiliates, in which the Company is able to exercise significant influence, are accounted for using the equity method. All significant intercompany accounts and transactions between the Company and its consolidated subsidiaries have been eliminated in the accompanying Consolidated Financial Statements. Certain prior-year amounts in the Company’s Consolidated Financial Statements have been reclassified to conform to the current year presentation. On May 30, 2014, The Company, through its subsidiaries, is a leading provider of specialty products and services to oil and gas companies throughout the world. We operate in a substantial number of the world's active crude oil and natural gas producing regions, onshore and offshore United States, Canada, West Africa, the North Sea, South America and Southeast and Central Asia. The Company operates through two

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three Fair Value of Financial Instruments 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. Inventories Inventories consist of oilfield products, manufactured equipment, spare parts for manufactured equipment, and work-in-process. Inventories also include raw materials, labor, subcontractor charges, manufacturing overhead and other supplies and are carried at the lower of cost or market. The cost of inventories is determined on an average cost or specific-identification method. A reserve for excess, damaged and/or obsolete inventory is maintained based on the age, turnover or condition of the inventory. Property, Plant, and Equipment Property, plant, and equipment are stated at cost or at estimated fair market value at acquisition date if acquired in a business combination, and depreciation is computed, for assets owned or recorded under capital lease, using the straight-line method, after allowing for salvage value where applicable, over the estimated useful lives of the assets. We use the component depreciation method for our drilling services assets. Leasehold improvements are capitalized and amortized over the lesser of the life of the lease or the estimated useful life of the asset. Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures for major renewals and betterments, which extend the useful lives of existing equipment, are capitalized and depreciated. Upon retirement or disposition of property and equipment, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the statements of operations. Goodwill and Intangible Assets Goodwill represents the excess of the purchase price paid for acquired businesses over the allocated fair value of the related net assets after impairments, if applicable. We evaluate goodwill for impairment annually and when an event occurs or circumstances change to suggest that the carrying amount may December 31, 2016 first 50 two two first two 2016, two two 2014, 2015 2016, For other intangible assets that we amortize, we review the useful life of the intangible asset and evaluate each reporting period whether events and circumstances warrant a revision to the remaining useful life. Based on the Company’s review, the carrying values of its other intangible assets are recoverable, and no See Note 9 Impairment of Long-Lived Assets The recoverability of the carrying values of long-lived assets at the asset group level, including finite-lived intangible assets, is assessed whenever, in management's judgment, events or changes in circumstances indicate that the carrying value of such asset groups may Foreign Currency and Other Comprehensive Loss Gains and losses resulting from balance sheet translation of international operations where the local currency is the functional currency are included as a separate component of accumulated other comprehensive loss within stockholders' equity representing substantially all of the balances within accumulated other comprehensive loss. Remeasurements of intercompany loans denominated in a currency other than the functional currency of the entity that are of a long-term investment nature are recognized as a component of other comprehensive loss within stockholders’ equity. Gains and losses resulting from balance sheet remeasurements of assets and liabilities denominated in a different currency than the functional currency, other than intercompany loans that are of a long-term investment nature, are included in the consolidated statements of operations as incurred. Currency Exchange Rate Risk A portion of revenues, earnings and net investments in operations outside the United States are exposed to changes in currency exchange rates. We seek to manage our currency exchange risk in part through operational means, including managing expected local currency revenues in relation to local currency costs and local currency assets in relation to local currency liabilities. In order to reduce our exposure to fluctuations in currency exchange rates, we may December 31, 2016 2015, $2.2 $5.4 2015, $0.4 2015. $4.7 $3.7 2016 2015, $0.4 2014, Revenue and Cost Recognition Revenue from the sale of products, not accounted for utilizing the percentage-of-completion method, is recognized when delivery to and acceptance by the customer has occurred, when title and all significant risks of ownership have passed to the customer, collectability is probable and pricing is fixed and determinable. Our product sales terms do not include significant post-delivery obligations. For significant projects, revenues are recognized under the percentage-of-completion method, measured by the percentage of costs incurred to date compared to estimated total costs for each contract (cost-to-cost method). Billings on such contracts in excess of costs incurred and estimated profits are classified as deferred revenue. Costs incurred and estimated profits in excess of billings on percentage-of-completion contracts are recognized as unbilled receivables. Management believes this method is the most appropriate measure of progress on large contracts. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Factors that may Cost of goods sold includes all direct material and labor costs and those costs related to contract performance, such as indirect labor, supplies, tools and repairs. Selling, general and administrative costs are charged to expense as incurred. Income Taxes The Company follows the liability method of accounting for income taxes in accordance with current accounting standards regarding the accounting for income taxes. Under this method, deferred income taxes are recorded based upon the differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws in effect at the time the underlying assets or liabilities are recovered or settled. When the Company's earnings from international subsidiaries are considered to be indefinitely reinvested, no provision for U.S. income taxes is made for these earnings. If any of the subsidiaries have a distribution of earnings in the form of dividends or otherwise, the Company would be subject to both U.S. income taxes (subject to an adjustment for foreign tax credits) and withholding taxes payable to the various foreign countries. During 2016 2015, $20.1 $35.2 The Company records a valuation allowance in the reporting period when management believes that it is more likely than not that any deferred tax asset created will not be realized. This assessment requires analysis of available positive and negative evidence, including losses in recent years, reversals of temporary differences, forecasts of future income, assessment of future business assumptions and tax planning strategies. During 2015 2016, The calculation of our tax liabilities involves accessing the uncertainties regarding the application of complex tax regulations. We recognize liabilities for tax expenses based on our estimate of whether, and the extent to which, additional taxes will be due. If we ultimately determine that payment of these amounts is unnecessary, we reverse the liability and recognize a tax benefit during the period in which we determine that the liability is no longer necessary. We record an additional charge in our provision for taxes in the period in which we determine that the recorded tax liability is less than we expect the ultimate assessment to be. Discontinued Operations The operating results of a component of our business that either has been disposed of or is classified as held for sale are presented as discontinued operations when both of the following conditions are met: (a) the operations and cash flows of the component have been or will be eliminated from our ongoing operations as a result of the disposal transaction and (b) we will not have any significant continuing involvement in the operations of the disposed component. We consider a component of our business to be one 2014. Receivables and Concentration of Credit Risk Based on the nature of its customer base, the Company does not believe that it has any significant concentrations of credit risk other than its concentration in the worldwide oil and gas industry. The Company evaluates the credit-worthiness of its significant, new and existing customers' financial condition and, generally, the Company does not require significant collateral from its customers. Allowances for Doubtful Accounts The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the Company's customers to make required payments. If a trade receivable is deemed to be uncollectible, such receivable is charged-off against the allowance for doubtful accounts. The Company considers the following factors when determining if collection of revenue is reasonably assured: customer credit-worthiness, past transaction history with the customer, customer solvency and changes in customer payment terms. If the Company has no previous experience with the customer, the Company typically obtains reports from various credit organizations to ensure that the customer has a history of paying its creditors. The Company may may Earnings per Share Diluted earnings per share (“EPS”) amounts include the effect of the Company's outstanding stock options and restricted stock shares under the treasury stock method. We have shares of restricted stock issued and outstanding, which remain subject to vesting requirements. Holders of such shares of unvested restricted stock are entitled to the same liquidation and dividend rights as the holders of our outstanding common stock and are thus considered participating securities. Under applicable accounting guidance, the undistributed earnings for each period are allocated based on the participation rights of both the common stockholders and holders of any participating securities as if earnings for the respective periods had been distributed. Because both the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis. Further, we are required to compute earnings per share amounts under the two The presentation of basic EPS amounts on the face of the accompanying consolidated statements of operations is computed by dividing the net income (loss) applicable to the Company’s common stockholders by the weighted average shares of outstanding common stock. The calculation of diluted EPS is similar to basic EPS, except that the denominator includes dilutive common stock equivalents and the income included in the numerator excludes the effects of the impact of dilutive common stock equivalents, if any. Stock-Based Compensation The fair value of share-based payments is estimated using the quoted market price of the Company’s stock and pricing models as of the date of grant as further discussed in Note 15. 2016, 2015 2014, may Guarantees Some product sales in our Offshore Products businesses are sold with a warranty, generally ranging from 12 18 $1.1 $2.6 December 31, 2016 2015, During the ordinary course of business, the Company also provides standby letters of credit or other guarantee instruments to certain parties as required for certain transactions initiated by either the Company or its subsidiaries. As of December 31, 2016, $36.1 Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States 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. Examples of a few such estimates include revenue and income recognized on the percentage-of-completion method, any valuation allowance recorded on net deferred tax assets, warranty, reserves on inventory and allowance for doubtful accounts and potential future adjustments related to contractual agreements. Actual results could materially differ from those estimates. Accounting for Contingencies We have contingent liabilities and future claims for which we have made estimates of the amount of the eventual cost to liquidate these liabilities or claims. These liabilities and claims sometimes involve threatened or actual litigation where damages have been quantified and we have made an assessment of our exposure and recorded a provision in our accounts to cover an expected loss. Other claims or liabilities have been estimated based on their fair value or our experience in these matters and, when appropriate, the advice of outside counsel or other outside experts. Upon the ultimate resolution of these uncertainties, our future reported financial results will be impacted by the difference between our estimates and the actual amounts paid to settle a liability. Examples of areas where we have made important estimates of future liabilities include litigation, taxes, insurance claims, warranty claims, contractual claims and obligations and discontinued operations.

Note 3 - Details of Selected Ba

Note 3 - Details of Selected Balance Sheet Accounts	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	3 . Details of Selected Balance Sheet Accounts Additional information regarding selected balance sheet accounts as of December 31, 2016 2015 201 6 201 5 Accounts receivable, net: Trade $ 173,087 $ 210,313 Unbilled revenue 64,564 124,331 Other 5,372 5,738 Total accounts receivable 243,023 340,382 Allowance for doubtful accounts (8,510 ) (6,888 ) $ 234,513 $ 333,494 201 6 201 5 Inventories, net: Finished goods and purchased products $ 87,241 $ 97,362 Work in process 30,584 42,182 Raw materials 72,514 86,236 Total inventories 190,339 225,780 Allowance for excess, damaged, or obsolete inventory (14,849 ) (12,898 ) $ 175,490 $ 212,882 2016 2015 Prepaid expenses and other current assets : Prepayments to vendors $ 877 $ 5,266 Prepaid insurance 3,738 4,827 Income tax asset 430 11,519 Prepaid non-income taxes 1,650 1,680 Prepaid rent 602 1,108 Other 3,877 4,724 $ 11,174 $ 29,124 Estimated Useful Life (in years) 201 6 201 5 Property, plant and equipment, net: Land $ 31,683 $ 26,334 Buildings and leasehold improvements 3 - 40 227,642 185,274 Machinery and equipment 2 - 28 455,873 462,054 Completion services equipment 2 - 10 429,845 421,386 Office furniture and equipment 3 - 10 42,827 32,200 Vehicles 2 - 10 121,317 125,211 Construction in progress 27,519 92,800 Total property, plant and equipment 1,336,706 1,345,259 Accumulated depreciation (783,304 ) (706,534 ) $ 553,402 $ 638,725 Depreciation expense was $110.5 $123.5 $117.7 December 31, 2016, 2015 2014, 201 6 201 5 Accrued liabilities: Accrued compensation $ 23,131 $ 19,402 Insurance liabilities 8,099 9,855 Accrued taxes, other than income taxes 2,461 3,619 Accrued leasehold restoration liability 766 3,389 Accrued commissions 1,305 2,033 Accrued product warranty reserves 1,113 2,638 Accrued claims 1,578 896 Other 6,565 7,468 $ 45,018 $ 49,300

Note 4 - Recent Accounting Pron

Note 4 - Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	4 . Recent Accounting Pronouncements In May 2014, January 1, 2018, In February 2016, The new standard requires a modified retrospective transition for capital or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements. The Company will adopt this guidance on January 1, 2019. December 31, 2016 14, In March 2016, January 1, 2017 and does not expect it to have a material impact on its consolidated financial statements. In January 2017, January 1, 2017. January 1, 2017. 9, In April 2015, January 1, 2016 deferred financing costs associated with its revolving credit agreement from other noncurrent assets to a reduction of long-term debt on a retrospective basis. The Company’s consolidated balance sheet included deferred financing costs of $2.7 December 31, 2015 December 31, 2016, $2.0

Note 5 - Accumulated Other Comp

Note 5 - Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	5. Accumulated other comprehensive loss, reported as a component of stockholders’ equity, increased from $50.7 December 31, 2015 $70.3 December 31, 2016, 2016 2015, December 31, 2016, 16% December 31, 2015, 22% 3%, As of December 31, 2015, 5%, 31% 16%, December 31, 2014.

Note 6 - Acquisitions and Suppl

Note 6 - Acquisitions and Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	6. On January 2, 2015, $33.4 Components of cash used in connection with this acquisition as reflected in the consolidated statements of cash flows for the year ended December 31, 2015 2015 Fair value of assets acquired including intangibles and goodwill $ 39,505 Liabilities assumed (6,026 ) Cash acquired (52 ) Cash used in acquisition of business $ 33,427 Cash paid during the years ended December 31, 2016, 2015 2014 201 6 201 5 201 4 Interest $ 3,942 $ 5,629 $ 40,375 Income taxes, net of refunds $ 2,330 $ 18,780 $ 102,160

Note 7 - Discontinued Operation

Note 7 - Discontinued Operations	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	7. On May 30, 2014, May 30, 2014, May 21, 2014 two The following table provides the components of net income from discontinued operations, net of tax for each operating segment (in thousands). 201 6 201 5 201 4 Revenues Accommodations $ – $ – $ 404,207 Income from Accommodations discontinued operations: Income (loss) from discontinued operations before income taxes $ (21 ) $ 327 $ 62,504 Income tax benefit (provision) 8 (118 ) (11,004 ) Net income (loss) from discontinued operations, net of tax $ (13 ) $ 209 $ 51,500 Income from Tubular S ervices discontinued operations: Income from discontinued operations before income taxes $ 14 $ 27 $ 321 Income tax benefit (provision) (5 ) (10 ) (45 ) Net income from discontinued operations, net of tax $ 9 $ 17 $ 276

Note 8 - Net Income (Loss) Per

Note 8 - Net Income (Loss) Per Share	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	8. Net Income (Loss) Per Share The table below provides a reconciliation of the numerators and denominators of basic and diluted net income (loss) per share for the years ended December 31, 2016 2015 2016 2015 2014 Numerators: Net income (loss) from continuing operations $ (46,386 ) $ 28,371 $ 127,227 Less: Income attributable to unvested restricted stock awards – (592 ) (2,095 ) Numerator for basic net income (loss) per share from continuing operations (46,386 ) 27,779 125,132 Net income (loss) from discontinued operations, net of tax (4 ) 226 51,776 Less: Income attributable to unvested restricted stock awards – (5 ) (853 ) Numerator for basic net income (loss) per share attributable to Oil S tates (46,390 ) 28,000 176,055 Effect of dilutive securities: Unvested restricted stock awards – 1 16 Numerator for diluted net income (loss) per share attributable to Oil States $ (46,390 ) $ 28,001 $ 176,071 Denominators: Weighted average number of common shares outstanding 51,307 51,341 53,747 Less: Weighted average number of unvested restricted stock awards outstanding (1,133 ) (1,072 ) (885 ) Denominator for basic net income (loss) per s hare attributable to Oil States 50,174 50,269 52,862 Effect of dilutive securities: Unvested restricted stock awards – 9 15 Assumed exercise of stock options – 57 274 – 66 289 Denominator for diluted net income (loss) per share attributable to Oil States 50,174 50,335 53,151 Basic net income (loss) per share attributable to Oil States from : Continuing operations $ (0.92 ) $ 0.55 $ 2.37 Discontinued operations – 0.01 0.96 Net income (loss) $ (0.92 ) $ 0.56 $ 3.33 Diluted net income (loss) per share attributable to Oil States from : Continuing operations $ (0.92 ) $ 0.55 $ 2.35 Discontinued operations – 0.01 0.96 Net income (loss) $ (0.92 ) $ 0.56 $ 3.31 The calculation of diluted net income (loss) per share for the years ended December 31, 2016, 2015 2014 748,552 747,839 224,739

Note 9 - Goodwill and Other Int

Note 9 - Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	9. The Company tests for impairment using a fair value approach, at the "reporting unit" level. A reporting unit is the operating segment, or a business one two December 31, 2016. 3 The Company amortizes the cost of other intangibles over their estimated useful lives unless such lives are deemed indefinite. Amortizable intangible assets are reviewed for impairment if there are indicators of impairment based on undiscounted cash flows and, if impaired, written down to fair value based on either discounted cash flows or appraised values. As of December 31, 2016 2015, Changes in the carrying amount of goodwill for the years ended December 31, 2016 2015 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 and purchase price adjustments – – – 13,943 13,943 Foreign currency translation and other changes (2,064 ) – (2,064 ) (293 ) (2,357 ) Balance as of December 31, 2015 $ 104,375 $ – $ 104,375 $ 159,412 $ 263,787 Balance as of December 31, 2015 Goodwill $ 198,903 $ 22,767 $ 221,670 $ 159,412 $ 381,082 Accumulated impairment losses (94,528 ) (22,767 ) (117,295 ) – (117,295 ) 104,375 – 104,375 159,412 263,787 Foreign currency translation and other changes 375 – 375 (793 ) (418 ) Balance as of December 31, 2016 $ 104,750 $ – $ 104,750 $ 158,619 $ 263,369 Balance as of December 31, 2016 Goodwill $ 199,278 $ 22,767 $ 222,045 $ 158,619 $ 380,664 Accumulated impairment losses (94,528 ) (22,767 ) (117,295 ) – (117,295 ) $ 104,750 $ – $ 104,750 $ 158,619 $ 263,369 The following table presents the total gross carrying amount of intangibles and the total accumulated amortization for major intangible asset classes as of December 31, 2016 2015 As of December 31, 201 6 201 5 Other Intangible Assets Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer relationships $ 44,557 $ 19,225 $ 44,557 $ 15,790 Contracts/Agreements/Backlog 1,064 709 1,064 355 Patents 20,056 8,418 20,024 6,521 Technology 10,111 4,064 10,111 3,052 Noncompete agreements 4,358 2,216 4,358 1,565 Trademarks and other 9,737 2,505 8,237 1,683 Total other intangible assets $ 89,883 $ 37,137 $ 88,351 $ 28,966 The weighted average remaining amortization period for all intangible assets, other than goodwill, was 8.2 December 31, 2016 8.7 December 31, 2015. $8.1 2017, $7.4 2018, $7.2 2019, $7.0 2020 $6.0 2021. $8.2 $7.8 $7.0 December 31, 2016, 2015 2014,

Note 10 - Long-term Debt

Note 10 - Long-term Debt	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	10 . Long-term Debt As of December 31, 2016 2015, 201 6 201 5 Revolving credit facility (1) $ 40,230 $ 120,191 Capital lease obligations and other debt 5,696 6,229 Total debt 45,926 126,420 Less: Current portion 538 533 Total long-term debt and capitalized leases $ 45,388 $ 125,887 (1) Amounts presented are net of $2.0 $2.7 Scheduled maturities of combined long-term debt as of December 31, 2016, 2017 $ 538 2018 449 2019 40,572 2020 359 2021 374 Thereafter 3,634 $ 45,926 The Company's capital leases consist primarily of plant facilities and equipment. The value of capitalized leases and the related accumulated depreciation totaled $1.1 $0.8 December 31, 2016. $1.5 $0.9 December 31, 2015. Credit Facility The Company has a $600 an option to increase the maximum borrowings under its revolving credit facility to $750 May 28, 2019. December 31, 2016, $42.2 $30.7 $153.1 he total amount available to be drawn under our revolving credit facility was less than the lender commitments as of December 31, 2016, 2017 twelve The revolving credit facility is governed by a Credit Agreement dated as of May 28, 2014, October 3, 2016, may 1.50% 2.50%, 0.50% 1.50%, December 31, 2016, 1.50%. 0.375% December 31, 2016. 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 1.0 3.25 1.0. December 31, 2016, 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 revolving 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. Under the Company's Credit Agreement, the occurrence of specified change of control events involving our Company would constitute an event of default that would permit the banks to, among other things, accelerate the maturity of the facility and cause it to become immediately due and payable in full. Loss on Extinguishment of Debt During 2014, $100.4 6 1/2% 5 1/8% second $96.7 6 1/2% 5 1/8% tendered 2014, $3.7 $1.8

Note 11 - Stock Repurchase Prog

Note 11 - Stock Repurchase Program	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Stock Repurchase Program [Text Block]	11 . Stock Repurchase Program On July 29, 2015, $150 July 29, 2016. July 27, 2016, one July 29, 2017. December 31, 2016, no 2015, $105.9 (2,674,218 $218.9 (2,843,142 2014. December 31, 2016 $136.8

Note 12 - Retirement Plans

Note 12 - Retirement Plans	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	12 . Retirement Plans The Company sponsors defined contribution plans. Participation in these plans is available to substantially all employees. The Company recognized expense of $6.8 $8.0 $13.0 December 31, 2016, 2015 2014,

Note 13 - Income Taxes

Note 13 - Income Taxes	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	13 . Income Taxes Consolidated income (loss) from continuing operations before income taxes for the years ended December 31, 2016, 2015 2014 201 6 201 5 201 4 United States $ (113,512 ) $ (21,598 ) $ 128,639 Foreign 40,187 72,166 67,705 Total $ (73,325 ) $ 50,568 $ 196,344 The components of the income tax provision (benefit) with respect to income (loss) from continuing operations for the years ended December 31, 2016, 2015 2014 2016 201 5 201 4 Current: Federal $ (534 ) $ 7,221 $ 56,317 State 1,053 1,868 5,426 Foreign 10,148 16,281 19,344 10,667 25,370 81,087 Deferred: Federal (34,816 ) (5,656 ) (8,620 ) State (2,807 ) (496 ) 26 Foreign 17 2,979 (3,376 ) (37,606 ) (3,173 ) (11,970 ) Total provision (benefit) $ (26,939 ) $ 22,197 $ 69,117 A reconciliation of the federal statutory tax provision (benefit) rate to the effective tax provision (benefit) rate for the years ended December 31, 2016, 2015 2014 201 6 201 5 201 4 United States statutory tax provision (benefit) rate (35.0 )% 35.0 % 35.0 % Effect of foreign income taxed at different rates (4.3 ) (11.1 ) (2.8 ) Valuation allowance against tax assets 3.1 8.1 – Non-deductible compensation 1.1 7.6 0.3 Other non-deductible expenses 2.0 4.5 1.4 Domestic manufacturing deduction – (2.6 ) (1.9 ) State income taxes, net of federal benefits (2.1 ) 1.3 2.8 Other, net (1.5 ) 1.1 0.4 Effective tax provision (benefit) rate (36.7 )% 43.9 % 35.2 % The significant items giving rise to the deferred tax assets and liabilities as of December 31, 2016 2015 201 6 2015 Deferred tax assets: Foreign tax credit carryover $ 32,548 $ 24,852 Net operating loss carryforwards 21,871 4,580 Employee benefits 18,060 18,252 Inventory reserves 7,152 7,394 Other reserves 2,939 3,580 Allowance for doubtful accounts 2,445 1,657 Other 668 635 Gross deferred tax asset 85,683 60,950 Valuation allowance (7,033 ) (3,970 ) Net deferred tax asset 78,650 56,980 Deferred tax liabilities: Tax over book depreciation (62,403 ) (77,632 ) Intangible assets (19,878 ) (17,804 ) Accrued liabilities (1,016 ) (1,513 ) Deferred revenue (268 ) (113 ) Other – (377 ) Deferred tax liability (83,565 ) (97,439 ) Net deferred tax liability $ (4,915 ) $ (40,459 ) 201 6 2015 Balance sheet classification: Other non-current assets $ 121 $ 38 Deferred tax liability (5,036 ) (40,497 ) Net deferred tax liability $ (4,915 ) $ (40,459 ) Our primary deferred tax assets at December 31, 2016, 2021 2026. At December 31, 2016, $36.6 $50.9 December 31, 2016, $2.1 $3.2 $11.7 $1.0 2036. 2021 2036. 2019 2022, Appropriate U.S. and foreign income taxes have been provided for earnings of foreign subsidiary companies that are expected to be remitted in the future. The cumulative amount of undistributed earnings of foreign subsidiaries that the Company intends to indefinitely reinvest, and upon which foreign taxes have been accrued or paid but no deferred U.S. income taxes have been provided is approximately $240 December 31, 2016, may may 2016 2015, $20.1 $35.2 The Company files tax returns in the jurisdictions in which they are required. All of these returns are subject to examination or audit and possible adjustment as a result of assessments by taxing authorities. The Company believes that it has recorded sufficient tax liabilities and does not expect the resolution of any examination or audit of its tax returns would have a material adverse effect on its operating results, financial condition or liquidity. Tax years subsequent to 2013 2010 We account for uncertain tax positions using a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than fifty The total amount of unrecognized tax benefits as of December 31, 2016, 2015 2014 nil December 31, 2016 2015, no

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	14 . Commitments and Contingencies The Company leases a portion of its equipment, office space, computer equipment, automobiles and trucks under leases which expire at various dates. Minimum future operating lease obligations as of December 31, 2016, Operating Leases 2017 $ 7,981 2018 6,286 2019 4,624 2020 2,467 2021 1,370 Thereafter 4,376 Total $ 27,104 Rental expense under operating leases was $10.2 $11.3 $11.5 December 31, 2016, 2015 2014, 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, 2015 2016, one November 19, 2015. 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

Note 15 - Stock-based and Defer

Note 15 - Stock-based and Deferred Compensation Plans	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	15 . Stock-Based and Deferred Compensation Plans Current accounting standards require companies to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The fair value of stock option awards is estimated using option-pricing models. The fair value of service-based and performance-based restricted stock awarded is determined by the quoted market price of the Company’s common stock on the date of grant, except for a limited number of performance-based restricted awards which are valued using a Monte Carlo simulation model as a result of the inclusion of performance metrics that are not based solely on the performance of our Company’s common stock. The resulting cost is recognized over the period during which an employee is required to provide service in exchange for the awards, usually the vesting period. Stock-based compensation pre-tax expense from continuing operations recognized in the years ended December 31, 2016, 2015 2014 $21.3 $21.8 $25.6 Stock Options The fair value of each option grant is estimated on the date of grant using a Black Scholes Merton option pricing model that uses the assumptions noted in the following table. The risk-free interest rate is based on the U.S. Treasury yield curve in effect for the expected term of the option at the time of grant. The dividend yield on our common stock is assumed to be zero 2015 2014 2016) 201 5 201 4 Risk-free weighted interest rate 1.2% 1.3% Expected life (in years) 4.3 4.1 Expected volatility 37% 38% The following table presents the changes in stock options outstanding and related information for the year ended December 31, 2016: Options Weighted Average Exercise Price Weighted Average Contractual Life (Years ) Aggregate Intrinsic Value (thousands) Outstanding Options at December 31, 2015 770,181 $ 48.49 7.0 $ 88 Exercised (16,714 ) 24.89 Forfeited/Expired (38,372 ) 48.40 Outstanding Options at December 31, 2016 715,095 49.11 6.2 – Exercisable Options at December 31, 2016 494,504 $ 48.86 5.7 $ – The weighted average fair values of options granted during 2015 2014 $13.32 $32.03 2015 ten 2016, 2015, 2014 $0.4 $12.4 $28.1 2016, 2015, 2014 $0.4 $5.9 $10.5 2016, 2015 2014 $0.1 $6.5 $6.9 The following table summarizes information for stock options outstanding as of December 31, 2016: Options Outstanding Options Exercisable Range of Exercise Prices Options Outstanding Weighted Average Contractual Life (Years) Weighted Average Exercise Price Options Exercisable Weighted Average Exercise Price $41.49 - $ 46.78 384,672 6.3 $ 44.74 251,560 $ 45.20 $49.33 - $ 49.33 155,372 5.1 49.33 155,372 49.33 $58.54 - $ 58.54 175,051 7.1 58.54 87,572 58.54 715,095 6.2 49.11 494,504 48.86 Restricted Stock Awards The restricted stock program consists of a combination of service-based restricted stock and performance-based restricted stock. The number of performance-based restricted shares ultimately issued under the program is dependent upon our achievement of a predefined specific performance measures generally measured over a three 2016 2015 2014 2014 2015 80,000 2017. In the event the predefined targets are exceeded for any performance-based award, additional shares up to a maximum of 200% may three four The following table presents the changes of restricted stock awards and related information for 2016: Service-based Restricted Stock Performance-based Restricted Stock Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Total Number of Restricted Shares Unvested, December 31, 2015 1,047,084 $ 43.08 124,800 $ 50.16 1,171,884 Granted 623,584 25.52 86,462 37.93 710,046 Performance adjustment – – (46,850 ) 62.37 (46,850 ) Vested (472,946 ) 24.88 – (472,946 ) Forfeited (57,233 ) 38.08 (6,487 ) 47.52 (63,720 ) Unvested, December 31, 2016 1,140,489 35.07 157,925 39.95 1,298,414 The weighted average grant date fair value per share for restricted stock awards granted in 2016, 2015 2014 $25.52, $42.39, $93.09, 2016, 2015 2014 $11.8 $18.9 $27.2 December 31, 2016, $27.9 two At December 31, 2016, 1,276,175 Deferred Compensation Plan The Company maintains a nonqualified deferred compensation plan (the Deferred Compensation Plan) that permits eligible employees and directors to elect to defer the receipt of all or a portion of their directors’ fees and/or salary and annual bonuses. Employee contributions to the Deferred Compensation Plan are matched by the Company at the same percentage as if the employee was a participant in the Company's 401(k) 401(k) 401(k) ten December 31, 2016, $18.8 1 December 31, 2016, $19.0 In accordance with current accounting standards, all fair value fluctuations of the Trust assets have been reflected in the consolidated statements of income. Increases or decreases in the value of the plan assets, exclusive of the shares of common stock of the Company, have been included as compensation adjustments in the respective statements of operations. Increases or decreases in the fair value of the deferred compensation liability, including the shares of common stock of the Company held by the Trust, while recorded as treasury stock, are also included as compensation adjustments in the consolidated statements of operations.

Note 16 - Segment and Related I

Note 16 - Segment and Related Information	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	16 . Segment and Related Information The Company operates through two Financial information by business segment for each of the three December 31, 2016, 2015 2014, Revenues Depreciation and amortization Operating income (loss) Equity in income of unconsolidated affiliates Capital expenditures Total assets 201 6 Well Site Services - Completion services $ 163,060 $ 70,031 $ (83,636 ) $ – $ 10,418 $ 467,387 Drilling services 22,594 23,366 (24,239 ) – 962 78,081 Total Well Site Services 185,654 93,397 (107,875 ) – 11,380 545,468 Offshore Products 508,790 24,205 87,084 224 17,515 810,464 Corporate – 1,118 (48,492 ) – 794 27,966 Total $ 694,444 $ 118,720 $ (69,283 ) $ 224 $ 29,689 $ 1,383,898 2015 Well Site Services - Completion services $ 308,077 $ 75,612 $ (26,280 ) $ – $ 55,336 $ 525,012 Drilling services 67,782 26,889 (17,866 ) – 12,097 103,156 Total Well Site Services 375,859 102,501 (44,146 ) – 67,433 628,168 Offshore Products 724,118 27,416 146,389 526 46,615 930,871 Corporate – 1,340 (47,237 ) – 690 37,432 Total $ 1,099,977 $ 131,257 $ 55,006 $ 526 $ 114,738 $ 1,596,471 2014 Well Site Services - Completion services $ 656,862 $ 74,176 $ 148,787 $ – $ 107,580 $ 641,725 Drilling services 201,143 27,081 29,574 – 29,359 135,676 Total Well Site Services 858,005 101,257 178,361 – 136,939 777,401 Offshore Products 961,604 22,496 200,098 378 60,263 983,542 Corporate – 1,023 (68,204 ) – 2,054 45,224 Total $ 1,819,609 $ 124,776 $ 310,255 $ 378 $ 199,256 $ 1,806,167 Financial information by geographic location for each of the three December 31, 2016, 2015 2014, United States United Kingdom Singapore Other Total 201 6 Revenues from unaffiliated customers $ 493,615 $ 111,565 $ 34,577 $ 54,687 $ 694,444 Long-lived assets 729,699 65,675 23,972 74,454 893,800 2015 Revenues from unaffiliated customers $ 797,762 $ 170,536 $ 66,305 $ 65,374 $ 1,099,977 Long-lived assets 817,797 74,082 26,462 66,619 984,960 2014 Revenues from unaffiliated customers $ 1,468,202 $ 188,753 $ 83,493 $ 79,161 $ 1,819,609 Long-lived assets 823,203 54,868 27,438 71,265 976,774 No 10% December 31, 2016, 2015 2014.

Note 17 - Valuation Allowances

Note 17 - Valuation Allowances	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	17 . Valuation Allowances Activity in the valuation accounts was as follows (in thousands): Balance at Beginning of Period Charged to Costs and Expenses Deductions (net of recoveries) Translation and Other, Net Balance at E nd of Period Year Ended December 31, 2016: Allowance for doubtful accounts receivable $ 6,888 $ 2,275 $ (400 ) $ (253 ) $ 8,510 Allowance for excess, damaged or obsolete inventory 12,898 4,916 (2,756 ) (209 ) 14,849 Valuation allowance on deferred tax assets 3,970 2,279 – 784 7,033 Year Ended December 31, 2015: Allowance for doubtful accounts receivable $ 7,125 $ 195 $ (187 ) $ (245 ) $ 6,888 Allowance for excess, damaged or obsolete inventory 9,876 5,487 (2,395 ) (70 ) 12,898 Valuation allowance on deferred tax assets – 3,970 – – 3,970 Year Ended December 31, 2014: Allowance for doubtful accounts receivable $ 3,878 $ 3,364 $ 111 $ (228 ) $ 7,125 Allowance for excess, damaged or obsolete inventory 9,540 2,147 (1,772 ) (39 ) 9,876

Note 18 - Quarterly Financial I

Note 18 - Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Quarterly Financial Information [Text Block]	18 . Quarterly Financial Information (Unaudited) The following table summarizes quarterly financial information for 2016 2015 First Quarter (2) Second Quarter (3) Third Quarter (4) Fourth Quarter (5) 201 6 Revenues $ 169,655 $ 175,849 $ 179,006 $ 169,934 Gross profit (1) 40,840 39,449 43,240 44,144 Net income attributable to: Continuing operations (13,236 ) (11,705 ) (10,818 ) (10,627 ) Discontinued operations (3 ) (1 ) – – Basic earnings per share: Continuing operations (0.26 ) (0.23 ) (0.22 ) (0.21 ) Discontinued operations – – – – Diluted earnings per share: Continuing operations (0.26 ) (0.23 ) (0.22 ) (0.21 ) Discontinued operations – – – – 201 5 Revenues $ 337,358 $ 269,258 $ 258,886 $ 234,474 Gross profit (1) 99,636 74,594 70,296 69,752 Net income attributable to: Continuing operations 19,402 6,148 1,706 1,115 Discontinued operations 166 35 23 2 Basic earnings per share: Continuing operations 0.38 0.12 0.03 0.02 Discontinued operations – – – – Diluted earnings per share: Continuing operations 0.38 0.12 0.03 0.02 Discontinued operations – – – – (1) Represents "product and service revenues" less "product and service costs" included in the Company's consolidated statements of operations. (2) During the first 2016, $1.6 first 2015 $2.1 $2.3 (3) During the second 2016, $1.1 second 2015, $1.7 (4) During the third 2016, $2.0 third 2015 $3.2 $0.7 (5) During the fourth 2016, $0.6 fourth 2015, $3.4 one $1.9 $1.2 $0.6 Amounts are calculated independently for each of the quarters presented. Therefore, the sum of the quarterly amounts may

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments 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.
Inventory, Policy [Policy Text Block]	Inventories Inventories consist of oilfield products, manufactured equipment, spare parts for manufactured equipment, and work-in-process. Inventories also include raw materials, labor, subcontractor charges, manufacturing overhead and other supplies and are carried at the lower of cost or market. The cost of inventories is determined on an average cost or specific-identification method. A reserve for excess, damaged and/or obsolete inventory is maintained based on the age, turnover or condition of the inventory.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant, and Equipment Property, plant, and equipment are stated at cost or at estimated fair market value at acquisition date if acquired in a business combination, and depreciation is computed, for assets owned or recorded under capital lease, using the straight-line method, after allowing for salvage value where applicable, over the estimated useful lives of the assets. We use the component depreciation method for our drilling services assets. Leasehold improvements are capitalized and amortized over the lesser of the life of the lease or the estimated useful life of the asset. Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures for major renewals and betterments, which extend the useful lives of existing equipment, are capitalized and depreciated. Upon retirement or disposition of property and equipment, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the statements of operations.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill and Intangible Assets Goodwill represents the excess of the purchase price paid for acquired businesses over the allocated fair value of the related net assets after impairments, if applicable. We evaluate goodwill for impairment annually and when an event occurs or circumstances change to suggest that the carrying amount may December 31, 2016 first 50 two two first two 2016, two two 2014, 2015 2016, For other intangible assets that we amortize, we review the useful life of the intangible asset and evaluate each reporting period whether events and circumstances warrant a revision to the remaining useful life. Based on the Company’s review, the carrying values of its other intangible assets are recoverable, and no See Note 9
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets The recoverability of the carrying values of long-lived assets at the asset group level, including finite-lived intangible assets, is assessed whenever, in management's judgment, events or changes in circumstances indicate that the carrying value of such asset groups may
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency and Other Comprehensive Loss Gains and losses resulting from balance sheet translation of international operations where the local currency is the functional currency are included as a separate component of accumulated other comprehensive loss within stockholders' equity representing substantially all of the balances within accumulated other comprehensive loss. Remeasurements of intercompany loans denominated in a currency other than the functional currency of the entity that are of a long-term investment nature are recognized as a component of other comprehensive loss within stockholders’ equity. Gains and losses resulting from balance sheet remeasurements of assets and liabilities denominated in a different currency than the functional currency, other than intercompany loans that are of a long-term investment nature, are included in the consolidated statements of operations as incurred. Currency Exchange Rate Risk A portion of revenues, earnings and net investments in operations outside the United States are exposed to changes in currency exchange rates. We seek to manage our currency exchange risk in part through operational means, including managing expected local currency revenues in relation to local currency costs and local currency assets in relation to local currency liabilities. In order to reduce our exposure to fluctuations in currency exchange rates, we may December 31, 2016 2015, $2.2 $5.4 2015, $0.4 2015. $4.7 $3.7 2016 2015, $0.4 2014,
Revenue and Cost Recognition [Policy Text Block]	Revenue and Cost Recognition Revenue from the sale of products, not accounted for utilizing the percentage-of-completion method, is recognized when delivery to and acceptance by the customer has occurred, when title and all significant risks of ownership have passed to the customer, collectability is probable and pricing is fixed and determinable. Our product sales terms do not include significant post-delivery obligations. For significant projects, revenues are recognized under the percentage-of-completion method, measured by the percentage of costs incurred to date compared to estimated total costs for each contract (cost-to-cost method). Billings on such contracts in excess of costs incurred and estimated profits are classified as deferred revenue. Costs incurred and estimated profits in excess of billings on percentage-of-completion contracts are recognized as unbilled receivables. Management believes this method is the most appropriate measure of progress on large contracts. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Factors that may Cost of goods sold includes all direct material and labor costs and those costs related to contract performance, such as indirect labor, supplies, tools and repairs. Selling, general and administrative costs are charged to expense as incurred.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company follows the liability method of accounting for income taxes in accordance with current accounting standards regarding the accounting for income taxes. Under this method, deferred income taxes are recorded based upon the differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws in effect at the time the underlying assets or liabilities are recovered or settled. When the Company's earnings from international subsidiaries are considered to be indefinitely reinvested, no provision for U.S. income taxes is made for these earnings. If any of the subsidiaries have a distribution of earnings in the form of dividends or otherwise, the Company would be subject to both U.S. income taxes (subject to an adjustment for foreign tax credits) and withholding taxes payable to the various foreign countries. During 2016 2015, $20.1 $35.2 The Company records a valuation allowance in the reporting period when management believes that it is more likely than not that any deferred tax asset created will not be realized. This assessment requires analysis of available positive and negative evidence, including losses in recent years, reversals of temporary differences, forecasts of future income, assessment of future business assumptions and tax planning strategies. During 2015 2016, The calculation of our tax liabilities involves accessing the uncertainties regarding the application of complex tax regulations. We recognize liabilities for tax expenses based on our estimate of whether, and the extent to which, additional taxes will be due. If we ultimately determine that payment of these amounts is unnecessary, we reverse the liability and recognize a tax benefit during the period in which we determine that the liability is no longer necessary. We record an additional charge in our provision for taxes in the period in which we determine that the recorded tax liability is less than we expect the ultimate assessment to be.
Discontinued Operations, Policy [Policy Text Block]	Discontinued Operations The operating results of a component of our business that either has been disposed of or is classified as held for sale are presented as discontinued operations when both of the following conditions are met: (a) the operations and cash flows of the component have been or will be eliminated from our ongoing operations as a result of the disposal transaction and (b) we will not have any significant continuing involvement in the operations of the disposed component. We consider a component of our business to be one 2014.
Receivables and Concentration of Credit Risk Concentration of Suppliers [Policy Text Block]	Receivables and Concentration of Credit Risk Based on the nature of its customer base, the Company does not believe that it has any significant concentrations of credit risk other than its concentration in the worldwide oil and gas industry. The Company evaluates the credit-worthiness of its significant, new and existing customers' financial condition and, generally, the Company does not require significant collateral from its customers.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Allowances for Doubtful Accounts The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the Company's customers to make required payments. If a trade receivable is deemed to be uncollectible, such receivable is charged-off against the allowance for doubtful accounts. The Company considers the following factors when determining if collection of revenue is reasonably assured: customer credit-worthiness, past transaction history with the customer, customer solvency and changes in customer payment terms. If the Company has no previous experience with the customer, the Company typically obtains reports from various credit organizations to ensure that the customer has a history of paying its creditors. The Company may may
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share Diluted earnings per share (“EPS”) amounts include the effect of the Company's outstanding stock options and restricted stock shares under the treasury stock method. We have shares of restricted stock issued and outstanding, which remain subject to vesting requirements. Holders of such shares of unvested restricted stock are entitled to the same liquidation and dividend rights as the holders of our outstanding common stock and are thus considered participating securities. Under applicable accounting guidance, the undistributed earnings for each period are allocated based on the participation rights of both the common stockholders and holders of any participating securities as if earnings for the respective periods had been distributed. Because both the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis. Further, we are required to compute earnings per share amounts under the two The presentation of basic EPS amounts on the face of the accompanying consolidated statements of operations is computed by dividing the net income (loss) applicable to the Company’s common stockholders by the weighted average shares of outstanding common stock. The calculation of diluted EPS is similar to basic EPS, except that the denominator includes dilutive common stock equivalents and the income included in the numerator excludes the effects of the impact of dilutive common stock equivalents, if any.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The fair value of share-based payments is estimated using the quoted market price of the Company’s stock and pricing models as of the date of grant as further discussed in Note 15. 2016, 2015 2014, may
Guarantees, Indemnifications and Warranties Policies [Policy Text Block]	Guarantees Some product sales in our Offshore Products businesses are sold with a warranty, generally ranging from 12 18 $1.1 $2.6 December 31, 2016 2015, During the ordinary course of business, the Company also provides standby letters of credit or other guarantee instruments to certain parties as required for certain transactions initiated by either the Company or its subsidiaries. As of December 31, 2016, $36.1
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States 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. Examples of a few such estimates include revenue and income recognized on the percentage-of-completion method, any valuation allowance recorded on net deferred tax assets, warranty, reserves on inventory and allowance for doubtful accounts and potential future adjustments related to contractual agreements. Actual results could materially differ from those estimates.
Commitments and Contingencies, Policy [Policy Text Block]	Accounting for Contingencies We have contingent liabilities and future claims for which we have made estimates of the amount of the eventual cost to liquidate these liabilities or claims. These liabilities and claims sometimes involve threatened or actual litigation where damages have been quantified and we have made an assessment of our exposure and recorded a provision in our accounts to cover an expected loss. Other claims or liabilities have been estimated based on their fair value or our experience in these matters and, when appropriate, the advice of outside counsel or other outside experts. Upon the ultimate resolution of these uncertainties, our future reported financial results will be impacted by the difference between our estimates and the actual amounts paid to settle a liability. Examples of areas where we have made important estimates of future liabilities include litigation, taxes, insurance claims, warranty claims, contractual claims and obligations and discontinued operations.

Note 3 - Details of Selected 28

Note 3 - Details of Selected Balance Sheet Accounts (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	201 6 201 5 Accounts receivable, net: Trade $ 173,087 $ 210,313 Unbilled revenue 64,564 124,331 Other 5,372 5,738 Total accounts receivable 243,023 340,382 Allowance for doubtful accounts (8,510 ) (6,888 ) $ 234,513 $ 333,494
Schedule of Inventory, Current [Table Text Block]	201 6 201 5 Inventories, net: Finished goods and purchased products $ 87,241 $ 97,362 Work in process 30,584 42,182 Raw materials 72,514 86,236 Total inventories 190,339 225,780 Allowance for excess, damaged, or obsolete inventory (14,849 ) (12,898 ) $ 175,490 $ 212,882
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	2016 2015 Prepaid expenses and other current assets : Prepayments to vendors $ 877 $ 5,266 Prepaid insurance 3,738 4,827 Income tax asset 430 11,519 Prepaid non-income taxes 1,650 1,680 Prepaid rent 602 1,108 Other 3,877 4,724 $ 11,174 $ 29,124
Property, Plant and Equipment [Table Text Block]	Estimated Useful Life (in years) 201 6 201 5 Property, plant and equipment, net: Land $ 31,683 $ 26,334 Buildings and leasehold improvements 3 - 40 227,642 185,274 Machinery and equipment 2 - 28 455,873 462,054 Completion services equipment 2 - 10 429,845 421,386 Office furniture and equipment 3 - 10 42,827 32,200 Vehicles 2 - 10 121,317 125,211 Construction in progress 27,519 92,800 Total property, plant and equipment 1,336,706 1,345,259 Accumulated depreciation (783,304 ) (706,534 ) $ 553,402 $ 638,725
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	201 6 201 5 Accrued liabilities: Accrued compensation $ 23,131 $ 19,402 Insurance liabilities 8,099 9,855 Accrued taxes, other than income taxes 2,461 3,619 Accrued leasehold restoration liability 766 3,389 Accrued commissions 1,305 2,033 Accrued product warranty reserves 1,113 2,638 Accrued claims 1,578 896 Other 6,565 7,468 $ 45,018 $ 49,300

Note 6 - Acquisitions and Sup29

Note 6 - Acquisitions and Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	2015 Fair value of assets acquired including intangibles and goodwill $ 39,505 Liabilities assumed (6,026 ) Cash acquired (52 ) Cash used in acquisition of business $ 33,427
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	201 6 201 5 201 4 Interest $ 3,942 $ 5,629 $ 40,375 Income taxes, net of refunds $ 2,330 $ 18,780 $ 102,160

Note 7 - Discontinued Operati30

Note 7 - Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	201 6 201 5 201 4 Revenues Accommodations $ – $ – $ 404,207 Income from Accommodations discontinued operations: Income (loss) from discontinued operations before income taxes $ (21 ) $ 327 $ 62,504 Income tax benefit (provision) 8 (118 ) (11,004 ) Net income (loss) from discontinued operations, net of tax $ (13 ) $ 209 $ 51,500 Income from Tubular S ervices discontinued operations: Income from discontinued operations before income taxes $ 14 $ 27 $ 321 Income tax benefit (provision) (5 ) (10 ) (45 ) Net income from discontinued operations, net of tax $ 9 $ 17 $ 276

Note 8 - Net Income (Loss) Pe31

Note 8 - Net Income (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2016 2015 2014 Numerators: Net income (loss) from continuing operations $ (46,386 ) $ 28,371 $ 127,227 Less: Income attributable to unvested restricted stock awards – (592 ) (2,095 ) Numerator for basic net income (loss) per share from continuing operations (46,386 ) 27,779 125,132 Net income (loss) from discontinued operations, net of tax (4 ) 226 51,776 Less: Income attributable to unvested restricted stock awards – (5 ) (853 ) Numerator for basic net income (loss) per share attributable to Oil S tates (46,390 ) 28,000 176,055 Effect of dilutive securities: Unvested restricted stock awards – 1 16 Numerator for diluted net income (loss) per share attributable to Oil States $ (46,390 ) $ 28,001 $ 176,071 Denominators: Weighted average number of common shares outstanding 51,307 51,341 53,747 Less: Weighted average number of unvested restricted stock awards outstanding (1,133 ) (1,072 ) (885 ) Denominator for basic net income (loss) per s hare attributable to Oil States 50,174 50,269 52,862 Effect of dilutive securities: Unvested restricted stock awards – 9 15 Assumed exercise of stock options – 57 274 – 66 289 Denominator for diluted net income (loss) per share attributable to Oil States 50,174 50,335 53,151 Basic net income (loss) per share attributable to Oil States from : Continuing operations $ (0.92 ) $ 0.55 $ 2.37 Discontinued operations – 0.01 0.96 Net income (loss) $ (0.92 ) $ 0.56 $ 3.33 Diluted net income (loss) per share attributable to Oil States from : Continuing operations $ (0.92 ) $ 0.55 $ 2.35 Discontinued operations – 0.01 0.96 Net income (loss) $ (0.92 ) $ 0.56 $ 3.31

Note 9 - Goodwill and Other I32

Note 9 - Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
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 and purchase price adjustments – – – 13,943 13,943 Foreign currency translation and other changes (2,064 ) – (2,064 ) (293 ) (2,357 ) Balance as of December 31, 2015 $ 104,375 $ – $ 104,375 $ 159,412 $ 263,787 Balance as of December 31, 2015 Goodwill $ 198,903 $ 22,767 $ 221,670 $ 159,412 $ 381,082 Accumulated impairment losses (94,528 ) (22,767 ) (117,295 ) – (117,295 ) 104,375 – 104,375 159,412 263,787 Foreign currency translation and other changes 375 – 375 (793 ) (418 ) Balance as of December 31, 2016 $ 104,750 $ – $ 104,750 $ 158,619 $ 263,369 Balance as of December 31, 2016 Goodwill $ 199,278 $ 22,767 $ 222,045 $ 158,619 $ 380,664 Accumulated impairment losses (94,528 ) (22,767 ) (117,295 ) – (117,295 ) $ 104,750 $ – $ 104,750 $ 158,619 $ 263,369
Schedule of Finite-Lived Intangible Assets [Table Text Block]	As of December 31, 201 6 201 5 Other Intangible Assets Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer relationships $ 44,557 $ 19,225 $ 44,557 $ 15,790 Contracts/Agreements/Backlog 1,064 709 1,064 355 Patents 20,056 8,418 20,024 6,521 Technology 10,111 4,064 10,111 3,052 Noncompete agreements 4,358 2,216 4,358 1,565 Trademarks and other 9,737 2,505 8,237 1,683 Total other intangible assets $ 89,883 $ 37,137 $ 88,351 $ 28,966

Note 10 - Long-term Debt (Table

Note 10 - Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	201 6 201 5 Revolving credit facility (1) $ 40,230 $ 120,191 Capital lease obligations and other debt 5,696 6,229 Total debt 45,926 126,420 Less: Current portion 538 533 Total long-term debt and capitalized leases $ 45,388 $ 125,887
Schedule of Maturities of Long-term Debt [Table Text Block]	2017 $ 538 2018 449 2019 40,572 2020 359 2021 374 Thereafter 3,634 $ 45,926

Note 13 - Income Taxes (Tables)

Note 13 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	201 6 201 5 201 4 United States $ (113,512 ) $ (21,598 ) $ 128,639 Foreign 40,187 72,166 67,705 Total $ (73,325 ) $ 50,568 $ 196,344
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2016 201 5 201 4 Current: Federal $ (534 ) $ 7,221 $ 56,317 State 1,053 1,868 5,426 Foreign 10,148 16,281 19,344 10,667 25,370 81,087 Deferred: Federal (34,816 ) (5,656 ) (8,620 ) State (2,807 ) (496 ) 26 Foreign 17 2,979 (3,376 ) (37,606 ) (3,173 ) (11,970 ) Total provision (benefit) $ (26,939 ) $ 22,197 $ 69,117
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	201 6 201 5 201 4 United States statutory tax provision (benefit) rate (35.0 )% 35.0 % 35.0 % Effect of foreign income taxed at different rates (4.3 ) (11.1 ) (2.8 ) Valuation allowance against tax assets 3.1 8.1 – Non-deductible compensation 1.1 7.6 0.3 Other non-deductible expenses 2.0 4.5 1.4 Domestic manufacturing deduction – (2.6 ) (1.9 ) State income taxes, net of federal benefits (2.1 ) 1.3 2.8 Other, net (1.5 ) 1.1 0.4 Effective tax provision (benefit) rate (36.7 )% 43.9 % 35.2 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	201 6 2015 Deferred tax assets: Foreign tax credit carryover $ 32,548 $ 24,852 Net operating loss carryforwards 21,871 4,580 Employee benefits 18,060 18,252 Inventory reserves 7,152 7,394 Other reserves 2,939 3,580 Allowance for doubtful accounts 2,445 1,657 Other 668 635 Gross deferred tax asset 85,683 60,950 Valuation allowance (7,033 ) (3,970 ) Net deferred tax asset 78,650 56,980 Deferred tax liabilities: Tax over book depreciation (62,403 ) (77,632 ) Intangible assets (19,878 ) (17,804 ) Accrued liabilities (1,016 ) (1,513 ) Deferred revenue (268 ) (113 ) Other – (377 ) Deferred tax liability (83,565 ) (97,439 ) Net deferred tax liability $ (4,915 ) $ (40,459 )
Schedule of Deferred Tax Reclassifications [Table Text Block]	201 6 2015 Balance sheet classification: Other non-current assets $ 121 $ 38 Deferred tax liability (5,036 ) (40,497 ) Net deferred tax liability $ (4,915 ) $ (40,459 )

Note 14 - Commitments and Con35

Note 14 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Operating Leases 2017 $ 7,981 2018 6,286 2019 4,624 2020 2,467 2021 1,370 Thereafter 4,376 Total $ 27,104

Note 15 - Stock-based and Def36

Note 15 - Stock-based and Deferred Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	201 5 201 4 Risk-free weighted interest rate 1.2% 1.3% Expected life (in years) 4.3 4.1 Expected volatility 37% 38%
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Options Weighted Average Exercise Price Weighted Average Contractual Life (Years ) Aggregate Intrinsic Value (thousands) Outstanding Options at December 31, 2015 770,181 $ 48.49 7.0 $ 88 Exercised (16,714 ) 24.89 Forfeited/Expired (38,372 ) 48.40 Outstanding Options at December 31, 2016 715,095 49.11 6.2 – Exercisable Options at December 31, 2016 494,504 $ 48.86 5.7 $ –
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Options Outstanding Options Exercisable Range of Exercise Prices Options Outstanding Weighted Average Contractual Life (Years) Weighted Average Exercise Price Options Exercisable Weighted Average Exercise Price $41.49 - $ 46.78 384,672 6.3 $ 44.74 251,560 $ 45.20 $49.33 - $ 49.33 155,372 5.1 49.33 155,372 49.33 $58.54 - $ 58.54 175,051 7.1 58.54 87,572 58.54 715,095 6.2 49.11 494,504 48.86
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Service-based Restricted Stock Performance-based Restricted Stock Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Total Number of Restricted Shares Unvested, December 31, 2015 1,047,084 $ 43.08 124,800 $ 50.16 1,171,884 Granted 623,584 25.52 86,462 37.93 710,046 Performance adjustment – – (46,850 ) 62.37 (46,850 ) Vested (472,946 ) 24.88 – (472,946 ) Forfeited (57,233 ) 38.08 (6,487 ) 47.52 (63,720 ) Unvested, December 31, 2016 1,140,489 35.07 157,925 39.95 1,298,414

Note 16 - Segment and Related37

Note 16 - Segment and Related Information (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Revenues Depreciation and amortization Operating income (loss) Equity in income of unconsolidated affiliates Capital expenditures Total assets 201 6 Well Site Services - Completion services $ 163,060 $ 70,031 $ (83,636 ) $ – $ 10,418 $ 467,387 Drilling services 22,594 23,366 (24,239 ) – 962 78,081 Total Well Site Services 185,654 93,397 (107,875 ) – 11,380 545,468 Offshore Products 508,790 24,205 87,084 224 17,515 810,464 Corporate – 1,118 (48,492 ) – 794 27,966 Total $ 694,444 $ 118,720 $ (69,283 ) $ 224 $ 29,689 $ 1,383,898 2015 Well Site Services - Completion services $ 308,077 $ 75,612 $ (26,280 ) $ – $ 55,336 $ 525,012 Drilling services 67,782 26,889 (17,866 ) – 12,097 103,156 Total Well Site Services 375,859 102,501 (44,146 ) – 67,433 628,168 Offshore Products 724,118 27,416 146,389 526 46,615 930,871 Corporate – 1,340 (47,237 ) – 690 37,432 Total $ 1,099,977 $ 131,257 $ 55,006 $ 526 $ 114,738 $ 1,596,471 2014 Well Site Services - Completion services $ 656,862 $ 74,176 $ 148,787 $ – $ 107,580 $ 641,725 Drilling services 201,143 27,081 29,574 – 29,359 135,676 Total Well Site Services 858,005 101,257 178,361 – 136,939 777,401 Offshore Products 961,604 22,496 200,098 378 60,263 983,542 Corporate – 1,023 (68,204 ) – 2,054 45,224 Total $ 1,819,609 $ 124,776 $ 310,255 $ 378 $ 199,256 $ 1,806,167
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	United States United Kingdom Singapore Other Total 201 6 Revenues from unaffiliated customers $ 493,615 $ 111,565 $ 34,577 $ 54,687 $ 694,444 Long-lived assets 729,699 65,675 23,972 74,454 893,800 2015 Revenues from unaffiliated customers $ 797,762 $ 170,536 $ 66,305 $ 65,374 $ 1,099,977 Long-lived assets 817,797 74,082 26,462 66,619 984,960 2014 Revenues from unaffiliated customers $ 1,468,202 $ 188,753 $ 83,493 $ 79,161 $ 1,819,609 Long-lived assets 823,203 54,868 27,438 71,265 976,774

Note 17 - Valuation Allowances

Note 17 - Valuation Allowances (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Balance at Beginning of Period Charged to Costs and Expenses Deductions (net of recoveries) Translation and Other, Net Balance at E nd of Period Year Ended December 31, 2016: Allowance for doubtful accounts receivable $ 6,888 $ 2,275 $ (400 ) $ (253 ) $ 8,510 Allowance for excess, damaged or obsolete inventory 12,898 4,916 (2,756 ) (209 ) 14,849 Valuation allowance on deferred tax assets 3,970 2,279 – 784 7,033 Year Ended December 31, 2015: Allowance for doubtful accounts receivable $ 7,125 $ 195 $ (187 ) $ (245 ) $ 6,888 Allowance for excess, damaged or obsolete inventory 9,876 5,487 (2,395 ) (70 ) 12,898 Valuation allowance on deferred tax assets – 3,970 – – 3,970 Year Ended December 31, 2014: Allowance for doubtful accounts receivable $ 3,878 $ 3,364 $ 111 $ (228 ) $ 7,125 Allowance for excess, damaged or obsolete inventory 9,540 2,147 (1,772 ) (39 ) 9,876

Note 18 - Quarterly Financial39

Note 18 - Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Tables
Quarterly Financial Information [Table Text Block]	First Quarter (2) Second Quarter (3) Third Quarter (4) Fourth Quarter (5) 201 6 Revenues $ 169,655 $ 175,849 $ 179,006 $ 169,934 Gross profit (1) 40,840 39,449 43,240 44,144 Net income attributable to: Continuing operations (13,236 ) (11,705 ) (10,818 ) (10,627 ) Discontinued operations (3 ) (1 ) – – Basic earnings per share: Continuing operations (0.26 ) (0.23 ) (0.22 ) (0.21 ) Discontinued operations – – – – Diluted earnings per share: Continuing operations (0.26 ) (0.23 ) (0.22 ) (0.21 ) Discontinued operations – – – – 201 5 Revenues $ 337,358 $ 269,258 $ 258,886 $ 234,474 Gross profit (1) 99,636 74,594 70,296 69,752 Net income attributable to: Continuing operations 19,402 6,148 1,706 1,115 Discontinued operations 166 35 23 2 Basic earnings per share: Continuing operations 0.38 0.12 0.03 0.02 Discontinued operations – – – – Diluted earnings per share: Continuing operations 0.38 0.12 0.03 0.02 Discontinued operations – – – –

Note 1 - Organization and Bas40

Note 1 - Organization and Basis of Presentation (Details Textual)	12 Months Ended
	Dec. 31, 2016
Number of Operating Segments	2

Note 2 - Summary of Significa41

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Impairment of Intangible Assets, Finite-lived	$ 0	$ 0	$ 0
Derivative, Notional Amount	2,200	5,400
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax		(400)
Conversion Gains and Losses on Foreign Investments	4,700	3,700	$ (400)
Foreign Earnings Repatriated	$ 20,100	35,200
Product Warranty Period, Minimum	1 year
Product Warranty Period, Maximum	1 year 180 days
Standard and Extended Product Warranty Accrual	$ 1,100	$ 2,600
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 36,100

Note 3 - Details of Selected 42

Note 3 - Details of Selected Balance Sheet Accounts (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Depreciation	$ 110.5	$ 123.5	$ 117.7

Note 3 - Details of Selected 43

Note 3 - Details of Selected Balance Sheet Accounts - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accounts receivable, net:
Accounts receivable, gross	$ 243,023	$ 340,382
Allowance for doubtful accounts	(8,510)	(6,888)
	234,513	333,494
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts receivable, gross	173,087	210,313
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts receivable, gross	64,564	124,331
Other Receivables [Member]
Accounts receivable, net:
Accounts receivable, gross	$ 5,372	$ 5,738

Note 3 - Details of Selected 44

Note 3 - Details of Selected Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Inventories, net:
Finished goods and purchased products	$ 87,241	$ 97,362
Work in process	30,584	42,182
Raw materials	72,514	86,236
Total inventories	190,339	225,780
Allowance for excess, damaged, or obsolete inventory	(14,849)	(12,898)
	$ 175,490	$ 212,882

Note 3 - Details of Selected 45

Note 3 - Details of Selected Balance Sheet Accounts - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Prepaid expenses and other current assets:
Prepayments to vendors	$ 877	$ 5,266
Prepaid insurance	3,738	4,827
Income tax asset	430	11,519
Prepaid non-income taxes	1,650	1,680
Prepaid rent	602	1,108
Other	3,877	4,724
	$ 11,174	$ 29,124

Note 3 - Details of Selected 46

Note 3 - Details of Selected Balance Sheet Accounts - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, plant, and equipment, gross	$ 1,336,706	$ 1,345,259
Accumulated depreciation	(783,304)	(706,534)
Property, plant, and equipment, net	553,402	638,725
Land [Member]
Property, plant, and equipment, gross	31,683	26,334
Building and Building Improvements [Member]
Property, plant, and equipment, gross	$ 227,642	185,274
Building and Building Improvements [Member] | Minimum [Member]
Estimated useful life (Year)	3 years
Building and Building Improvements [Member] | Maximum [Member]
Estimated useful life (Year)	40 years
Machinery and Equipment [Member]
Property, plant, and equipment, gross	$ 455,873	462,054
Machinery and Equipment [Member] | Minimum [Member]
Estimated useful life (Year)	2 years
Machinery and Equipment [Member] | Maximum [Member]
Estimated useful life (Year)	28 years
Completion Services [Member]
Property, plant, and equipment, gross	$ 429,845	421,386
Completion Services [Member] | Minimum [Member]
Estimated useful life (Year)	2 years
Completion Services [Member] | Maximum [Member]
Estimated useful life (Year)	10 years
Office Furniture and Equipment [Member]
Property, plant, and equipment, gross	$ 42,827	32,200
Office Furniture and Equipment [Member] | Minimum [Member]
Estimated useful life (Year)	3 years
Office Furniture and Equipment [Member] | Maximum [Member]
Estimated useful life (Year)	10 years
Vehicles [Member]
Property, plant, and equipment, gross	$ 121,317	125,211
Vehicles [Member] | Minimum [Member]
Estimated useful life (Year)	2 years
Vehicles [Member] | Maximum [Member]
Estimated useful life (Year)	10 years
Construction in Progress [Member]
Property, plant, and equipment, gross	$ 27,519	$ 92,800

Note 3 - Details of Selected 47

Note 3 - Details of Selected Balance Sheet Accounts - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accrued liabilities:
Accrued compensation	$ 23,131	$ 19,402
Insurance liabilities	8,099	9,855
Accrued taxes, other than income taxes	2,461	3,619
Accrued leasehold restoration liability	766	3,389
Accrued commissions	1,305	2,033
Accrued product warranty reserves	1,113	2,638
Accrued claims	1,578	896
Other	6,565	7,468
	$ 45,018	$ 49,300

Note 4 - Recent Accounting Pr48

Note 4 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Deferred Financing Costs [Member]
Prior Period Reclassification Adjustment	$ 2	$ 2.7

Note 5 - Accumulated Other Co49

Note 5 - Accumulated Other Comprehensive Loss (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (70,300)	$ (50,698)
UNITED KINGDOM
Exchange Rate, Weakened	16.00%	5.00%
BRAZIL
Exchange Rate, Weakened		31.00%
Exchange Rate, Strengthened	22.00%
CANADA
Exchange Rate, Weakened		16.00%
Exchange Rate, Strengthened	3.00%

Note 6 - Acquisitions and Sup50

Note 6 - Acquisitions and Supplemental Cash Flow Information (Details Textual) $ in Millions	Jan. 02, 0205USD ($)
Montgomery Machine Company Inc [Member]
Payments to Acquire Businesses, Gross	$ 33.4

Note 6 - Acquisitions and Sup51

Note 6 - Acquisitions and Supplemental Cash Flow Information - Cash Used for Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash used in acquisition of business		$ 33,427	$ 157
Montgomery Machine Company Inc [Member]
Fair value of assets acquired including intangibles and goodwill		39,505
Liabilities assumed		(6,026)
Cash acquired		(52)
Cash used in acquisition of business		$ 33,427

Note 6 - Acquisitions and Sup52

Note 6 - Acquisitions and Supplemental Cash Flow Information - Interest and Income Taxes Paid (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest	$ 3,942	$ 5,629	$ 40,375
Income taxes, net of refunds	$ 2,330	$ 18,780	$ 102,160

Note 7 - Discontinued Operati53

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

Note 7 - Discontinued Operati54

Note 7 - Discontinued Operations - Operating Results of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 31, 2016	[1]	Sep. 30, 2016	[2]	Jun. 30, 2016	[3]	Mar. 31, 2016	[4]	Dec. 31, 2015	[1]	Sep. 30, 2015	[2]	Jun. 30, 2015	[3]	Mar. 31, 2015	[4]	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income (loss) from discontinued operations, net of tax					$ (1)		$ (3)		$ 2		$ 23		$ 35		$ 166		$ (4)	$ 226	$ 51,776
Accommodations [Member]
Revenues																			404,207
Income (loss) from discontinued operations before income taxes																	(21)	327	62,504
Income tax benefit (provision)																	8	(118)	(11,004)
Net income (loss) from discontinued operations, net of tax																	(13)	209	51,500
Tubular Services [Member]
Income (loss) from discontinued operations before income taxes																	14	27	321
Income tax benefit (provision)																	(5)	(10)	(45)
Net income (loss) from discontinued operations, net of tax																	$ 9	$ 17	$ 276
[1]	During the fourth quarter of 2016, we recognized $0.6 million (pre-tax) of severance and other downsizing charges. In the fourth quarter of 2015, we recognized a $3.4 million (pre-tax) leasehold restoration provision for one of our Offshore Products U.K. facilities, $1.9 million (pre-tax) of severance and other downsizing charges, and a higher effective tax rate driven primarily by $1.2 million in tax adjustments primarily related to non-deductible items and a $0.6 million valuation allowance recorded against the Company's tax loss carryforwards in various foreign jurisdictions.
[2]	During the third quarter of 2016, we recognized $2.0 million (pre-tax) of severance and other downsizing charges. Our third quarter 2015 net income attributable to continuing operations included a higher effective tax rate driven primarily by a $3.2 million valuation allowance recorded against the Company's deferred tax assets related to loss carryforwards and $0.7 million (pre-tax) of severance related costs.
[3]	During the second quarter of 2016, we recognized $1.1 million (pre-tax) of severance and other downsizing charges. In the second quarter of 2015, we recognized $1.7 million (pre-tax) of severance and other downsizing charges.
[4]	During the first quarter of 2016, we recognized $1.6 million (pre-tax) of severance and other downsizing charges. Our first quarter 2015 net income attributable to continuing operations included $2.1 million (pre-tax) of severance and other downsizing initiatives, and a higher effective tax rate driven primarily by a $2.3 million deferred tax adjustment for certain prior period non-deductible items.

Note 8 - Net Income (Loss) Pe55

Note 8 - Net Income (Loss) Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	748,552	747,839	224,739

Note 8 - Net Income (Loss) Pe56

Note 8 - Net Income (Loss) Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 31, 2016	[1]	Sep. 30, 2016	[2]	Jun. 30, 2016	[3]	Mar. 31, 2016	[4]	Dec. 31, 2015	[1]	Sep. 30, 2015	[2]	Jun. 30, 2015	[3]	Mar. 31, 2015	[4]	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income (loss) from continuing operations	$ (10,627)		$ (10,818)		$ (11,705)		$ (13,236)		$ 1,115		$ 1,706		$ 6,148		$ 19,402		$ (46,386)	$ 28,371	$ 127,227
Less: Income attributable to unvested restricted stock awards																		(592)	(2,095)
Numerator for basic net income (loss) per share from continuing operations																	(46,386)	27,779	125,132
Net income from discontinued operations, net of tax					$ (1)		$ (3)		$ 2		$ 23		$ 35		$ 166		(4)	226	51,776
Less: Income attributable to unvested restricted stock awards																		(5)	(853)
Numerator for basic net income (loss) per share attributable to Oil States																	(46,390)	28,000	176,055
Unvested restricted stock awards																		1	16
Numerator for diluted net income (loss) per share attributable to Oil States																	$ (46,390)	$ 28,001	$ 176,071
Weighted average number of common shares outstanding (in shares)																	51,307	51,341	53,747
Less: Weighted average number of unvested restricted stock awards outstanding (in shares)																	(1,133)	(1,072)	(885)
Denominator for basic net income (loss) per share attributable to Oil States (in shares)																	50,174	50,269	52,862
(in shares)																		66	289
Denominator for diluted net income (loss) per share attributable to Oil States (in shares)																	50,174	50,335	53,151
Continuing operations (in dollars per share)	$ (0.21)		$ (0.22)		$ (0.23)		$ (0.26)		$ 0.02		$ 0.03		$ 0.12		$ 0.38		$ (0.92)	$ 0.55	$ 2.37
Discontinued operations (in dollars per share)																		0.01	0.96
Net income (loss) (in dollars per share)																	(0.92)	0.56	3.33
Continuing operations (in dollars per share)	(0.21)		(0.22)		(0.23)		(0.26)		0.02		0.03		0.12		0.38		(0.92)	0.55	2.35
Discontinued operations (in dollars per share)																		0.01	0.96
Net income (loss) (in dollars per share)																	$ (0.92)	$ 0.56	$ 3.31
Restricted Stock [Member]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements (in shares)																		9	15
Employee Stock Option [Member]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements (in shares)																		57	274
[1]	During the fourth quarter of 2016, we recognized $0.6 million (pre-tax) of severance and other downsizing charges. In the fourth quarter of 2015, we recognized a $3.4 million (pre-tax) leasehold restoration provision for one of our Offshore Products U.K. facilities, $1.9 million (pre-tax) of severance and other downsizing charges, and a higher effective tax rate driven primarily by $1.2 million in tax adjustments primarily related to non-deductible items and a $0.6 million valuation allowance recorded against the Company's tax loss carryforwards in various foreign jurisdictions.
[2]	During the third quarter of 2016, we recognized $2.0 million (pre-tax) of severance and other downsizing charges. Our third quarter 2015 net income attributable to continuing operations included a higher effective tax rate driven primarily by a $3.2 million valuation allowance recorded against the Company's deferred tax assets related to loss carryforwards and $0.7 million (pre-tax) of severance related costs.
[3]	During the second quarter of 2016, we recognized $1.1 million (pre-tax) of severance and other downsizing charges. In the second quarter of 2015, we recognized $1.7 million (pre-tax) of severance and other downsizing charges.
[4]	During the first quarter of 2016, we recognized $1.6 million (pre-tax) of severance and other downsizing charges. Our first quarter 2015 net income attributable to continuing operations included $2.1 million (pre-tax) of severance and other downsizing initiatives, and a higher effective tax rate driven primarily by a $2.3 million deferred tax adjustment for certain prior period non-deductible items.

Note 9 - Goodwill and Other I57

Note 9 - Goodwill and Other Intangible Assets (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Number of Reporting Units	2
Finite-Lived Intangible Asset, Useful Life	8 years 73 days	8 years 255 days
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 8.1
Finite-Lived Intangible Assets, Amortization Expense, Year Two	7.4
Finite-Lived Intangible Assets, Amortization Expense, Year Three	7.2
Finite-Lived Intangible Assets, Amortization Expense, Year Four	7
Finite-Lived Intangible Assets, Amortization Expense, Year Five	6
Amortization of Intangible Assets	$ 8.2	$ 7.8	$ 7

Note 9 - Goodwill and Other I58

Note 9 - Goodwill and Other Intangible Assets - Changes in the Carrying Value of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill, gross			$ 380,664	$ 381,082	$ 369,496
Accumulated impairment losses			(117,295)	(117,295)	(117,295)
Goodwill	$ 263,787	$ 252,201
Goodwill acquired and purchase price adjustments		13,943
Foreign currency translation and other changes	(418)	(2,357)
Goodwill	263,369	263,787
Goodwill	263,787	252,201	263,369	263,787	252,201
Well Site Services Completion Services [Member]
Goodwill, gross			199,278	198,903	200,967
Accumulated impairment losses			(94,528)	(94,528)	(94,528)
Goodwill	104,375	106,439
Goodwill acquired and purchase price adjustments
Foreign currency translation and other changes	375	(2,064)
Goodwill	104,750	104,375
Goodwill	104,375	106,439	104,750	104,375	106,439
Well Site Services Drilling Services [Member]
Goodwill, gross			22,767	22,767	22,767
Accumulated impairment losses			(22,767)	(22,767)	(22,767)
Goodwill
Goodwill acquired and purchase price adjustments
Foreign currency translation and other changes
Goodwill
Goodwill
Total Well Site Services [Member]
Goodwill, gross			222,045	221,670	223,734
Accumulated impairment losses			(117,295)	(117,295)	(117,295)
Goodwill	104,375	106,439
Goodwill acquired and purchase price adjustments
Foreign currency translation and other changes	375	(2,064)
Goodwill	104,750	104,375
Goodwill	104,375	106,439	104,750	104,375	106,439
Offshore Products [Member]
Goodwill, gross			158,619	159,412	145,762
Accumulated impairment losses
Goodwill	159,412	145,762
Goodwill acquired and purchase price adjustments		13,943
Foreign currency translation and other changes	(793)	(293)
Goodwill	158,619	159,412
Goodwill	$ 159,412	$ 145,762	$ 158,619	$ 159,412	$ 145,762

Note 9 - Goodwill and Other I59

Note 9 - Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Amortizable intangible assets, gross carrying amount	$ 89,883	$ 88,351
Amortizable intangible assets, accumulated amortization	37,137	28,966
Customer Relationships [Member]
Amortizable intangible assets, gross carrying amount	44,557	44,557
Amortizable intangible assets, accumulated amortization	19,225	15,790
Customer Contracts [Member]
Amortizable intangible assets, gross carrying amount	1,064	1,064
Amortizable intangible assets, accumulated amortization	709	355
Patents [Member]
Amortizable intangible assets, gross carrying amount	20,056	20,024
Amortizable intangible assets, accumulated amortization	8,418	6,521
Technology-Based Intangible Assets [Member]
Amortizable intangible assets, gross carrying amount	10,111	10,111
Amortizable intangible assets, accumulated amortization	4,064	3,052
Noncompete Agreements [Member]
Amortizable intangible assets, gross carrying amount	4,358	4,358
Amortizable intangible assets, accumulated amortization	2,216	1,565
Trademarks [Member]
Amortizable intangible assets, gross carrying amount	9,737	8,237
Amortizable intangible assets, accumulated amortization	$ 2,505	$ 1,683

Note 10 - Long-term Debt (Detai

Note 10 - Long-term Debt (Details Textual) $ in Thousands	Oct. 03, 2016	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	May 28, 2014USD ($)
Debt Issuance Costs, Net		$ 2,000	$ 2,700
Capital Leased Assets, Gross		1,100	1,500
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation		800	900
Letters of Credit Outstanding, Amount		30,700
Gain (Loss) on Extinguishment of Debt				$ (100,380)
Write Off Of Unamortized Deferred Finance Costs [Member]
Gain (Loss) on Extinguishment of Debt				(3,700)
Write Off Of Unamortized Deferred Finance Costs [Member] | CANADA | Discontinued Operations [Member]
Gain (Loss) on Extinguishment of Debt				(1,800)
The 6 1/2 % Notes and 5 1/8 % Notes [Member]
Gain (Loss) on Extinguishment of Debt				(100,400)
Senior Unsecured Notes [Member]
Gain (Loss) on Extinguishment of Debt				$ (96,700)
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 600,000
Long-term Line of Credit		42,200
Line of Credit Facility, Remaining Borrowing Capacity		$ 153,100
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.375%
Debt Instrument, Covenant, Minimum Interest Coverage Ratio		3
Debt Instrument, Covenant, Maximum Leverage Ratio		3.25
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [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] | 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] | 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%

Note 10 - Long-term Debt- Summa

Note 10 - Long-term Debt- Summary of Long-term Debt (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Revolving credit facility		$ 45,926
Capital lease obligations and other debt		5,696	$ 6,229
Total debt		45,926	126,420
Less: Current portion		538	533
Total long-term debt and capitalized leases		45,388	125,887
Revolving Credit Facility [Member]
Revolving credit facility	[1]	$ 40,230	$ 120,191
[1]	Amounts presented are net of $2.0 million and $2.7 million, respectively, of unamortized debt issuance costs.

Note 10 - Long-term Debt - Long

Note 10 - Long-term Debt - Long-term Debt Maturities Schedule (Details) $ in Thousands	Dec. 31, 2016USD ($)
2,017	$ 538
2,018	449
2,019	40,572
2,020	359
2,021	374
Thereafter	3,634
	$ 45,926

Note 11 - Stock Repurchase Pr63

Note 11 - Stock Repurchase Program (Details Textual) - USD ($) $ in Thousands	Jul. 27, 2016	Jul. 29, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock Repurchased During Period, Value		$ 150,000	$ 0	$ 105,900	$ 218,900
Stock Repurchase Program, Extended Period	1 year
Stock Repurchased During Period, Shares			0	2,674,218	2,843,142
Stock Repurchase Program, Remaining Authorized Repurchase Amount			$ 136,800

Note 12 - Retirement Plans (Det

Note 12 - Retirement Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Continuing Operations [Member]
Pension and Other Postretirement Benefit Expense	$ 6.8	$ 8	$ 13

Note 13 - Income Taxes (Details

Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Undistributed Earnings of Foreign Subsidiaries	$ 240,000
Foreign Earnings Repatriated	20,100	$ 35,200
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	0	0
Unrecognized Tax Benefits	0	$ 0	$ 0
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards	36,600
State and Local Jurisdiction [Member]
Operating Loss Carryforwards	50,900
Foreign Tax Authority [Member] | Ministry of Finance, India [Member]
Operating Loss Carryforwards	2,100
Foreign Tax Authority [Member] | Tax Authority, Thailand [Member]
Operating Loss Carryforwards	3,200
Foreign Tax Authority [Member] | Secretariat of the Federal Revenue Bureau of Brazil [Member]
Operating Loss Carryforwards	11,700
Foreign Tax Authority [Member] | Mexican Tax Authority [Member]
Operating Loss Carryforwards	$ 1,000

Note 13 - Income Taxes - Consol

Note 13 - Income Taxes - Consolidated Pre-tax Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
United States	$ (113,512)	$ (21,598)	$ 128,639
Foreign	40,187	72,166	67,705
Total	$ (73,325)	$ 50,568	$ 196,344

Note 13 - Income Taxes - Compon

Note 13 - Income Taxes - Components of Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal	$ (534)	$ 7,221	$ 56,317
State	1,053	1,868	5,426
Foreign	10,148	16,281	19,344
Current, Total	10,667	25,370	81,087
Deferred:
Federal	(34,816)	(5,656)	(8,620)
State	(2,807)	(496)	26
Foreign	17	2,979	(3,376)
Deferred, Total	(37,606)	(3,173)	(11,970)
Total provision (benefit)	$ (26,939)	$ 22,197	$ 69,117

Note 13 - Income Taxes - Income

Note 13 - Income Taxes - Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
United States statutory tax provision (benefit) rate	(35.00%)	(35.00%)	(35.00%)
United States statutory tax provision (benefit) rate	35.00%	35.00%	35.00%
Effect of foreign income taxed at different rates	(4.30%)	(11.10%)	(2.80%)
Valuation allowance against tax assets	3.10%	8.10%
Non-deductible compensation	1.10%	7.60%	0.30%
Other non-deductible expenses	2.00%	4.50%	1.40%
Domestic manufacturing deduction		(2.60%)	(1.90%)
State income taxes, net of federal benefits	(2.10%)	1.30%	2.80%
Other, net	(1.50%)	1.10%	0.40%
Effective tax provision (benefit) rate	(36.70%)	43.90%	35.20%

Note 13 - Income Taxes - Deferr

Note 13 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Foreign tax credit carryover	$ 32,548	$ 24,852
Net operating loss carryforwards	21,871	4,580
Employee benefits	18,060	18,252
Inventory reserves	7,152	7,394
Other reserves	2,939	3,580
Allowance for doubtful accounts	2,445	1,657
Other	668	635
Gross deferred tax asset	85,683	60,950
Valuation allowance	(7,033)	(3,970)
Net deferred tax asset	78,650	56,980
Tax over book depreciation	(62,403)	(77,632)
Intangible assets	(19,878)	(17,804)
Accrued liabilities	(1,016)	(1,513)
Deferred revenue	(268)	(113)
Other		(377)
Deferred tax liability	(83,565)	(97,439)
Net deferred tax liability	$ (4,915)	$ (40,459)

Note 13 - Income Taxes - Defe70

Note 13 - Income Taxes - Deferred Tax Reclassifications (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax liability	$ (5,036)	$ (40,497)
Net deferred tax liability	(4,915)	(40,459)
Other Noncurrent Assets [Member]
Other non-current assets	$ 121	$ 38

Note 14 - Commitments and Con71

Note 14 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Continuing Operations [Member]
Operating Leases, Rent Expense	$ 10.2	$ 11.3	$ 11.5

Note 14 - Commitments and Con72

Note 14 - Commitments and Contingencies - Minimum Future Operating Lease Obligations (Details) $ in Thousands	Dec. 31, 2016USD ($)
2,017	$ 7,981
2,018	6,286
2,019	4,624
2,020	2,467
2,021	1,370
Thereafter	4,376
Total	$ 27,104

Note 15 - Stock-based and Def73

Note 15 - Stock-based and Deferred Compensation Plans (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allocated Share-based Compensation Expense			$ 21.3	$ 21.8	$ 25.6
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate			0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 13.32	$ 32.03
Share Based Compensation Arrangement By Share Based Payment Award Options Term	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			$ 0.4	12.4	28.1
Proceeds from Stock Options Exercised			0.4	5.9	10.5
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options			0.1	$ 6.5	$ 6.9
Deferred Compensation Plan Assets			18.8
Deferred Compensation Cash-based Arrangements, Liability, Classified, Noncurrent			$ 19
Performance-based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Additional Performance-based Shares to be Issued if Current Period Metrics Achieved				80,000
Share-based Compensation Arrangement by Share-based Payment Award, Additional Performance-based Shares to Be Issued if Current Period Metrics Achieved, Maximum Target Award, Percentage			200.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 37.93
Time-based Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Time-based Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			4 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 25.52	$ 42.39	$ 93.09
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 11.8	$ 18.9	$ 27.2
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 27.9
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years
Stock Options And Restricted Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			1,276,175

Note 15 - Stock-based and Def74

Note 15 - Stock-based and Deferred Compensation Plans - Valuation Assumptions of Stock Options (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Risk-free weighted interest rate	1.20%	1.30%
Expected life (in years) (Year)	4 years 109 days	4 years 36 days
Expected volatility	37.00%	38.00%

Note 15 - Stock-based and Def75

Note 15 - Stock-based and Deferred Compensation Plans - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Outstanding Options (in shares)	770,181
Outstanding Options (in dollars per share)	$ 48.49
Outstanding Options (Year)	6 years 73 days	7 years
Outstanding Options		$ 88
Exercised (in shares)	(16,714)
Exercised (in dollars per share)	$ 24.89
Forfeited/Expired (in shares)	(38,372)
Forfeited/Expired (in dollars per share)	$ 48.40
Outstanding Options (in shares)	715,095	770,181
Outstanding Options (in dollars per share)	$ 49.11	$ 48.49
Exercisable Options (in shares)	494,504
Exercisable Options (in dollars per share)	$ 48.86
Exercisable Options (Year)	5 years 255 days
Exercisable Options

Note 15 - Stock-based and Def76

Note 15 - Stock-based and Deferred Compensation Plans - Stock Options Outstanding (Details)	12 Months Ended
	Dec. 31, 2016$ / sharesshares
Options Outstanding Number Outstanding (in shares) | shares	715,095
Options Outstanding Weighted Average Remaining Contractual Life (Year)	6 years 73 days
Options Outstanding Weighted Average Exercise Price (in dollars per share)	$ 49.11
Options Exercisable Number Exercisable (in shares) | shares	494,504
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 48.86
Exercise Price Range 1 [Member]
Options, Exercise Price Range, Lower Limit (in dollars per share)	41.49
Options, Exercise Price Range, Upper Limit (in dollars per share)	$ 46.78
Options Outstanding Number Outstanding (in shares) | shares	384,672
Options Outstanding Weighted Average Remaining Contractual Life (Year)	6 years 109 days
Options Outstanding Weighted Average Exercise Price (in dollars per share)	$ 44.74
Options Exercisable Number Exercisable (in shares) | shares	251,560
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 45.20
Exercise Price Range 2 [Member]
Options, Exercise Price Range, Lower Limit (in dollars per share)	49.33
Options, Exercise Price Range, Upper Limit (in dollars per share)	$ 49.33
Options Outstanding Number Outstanding (in shares) | shares	155,372
Options Outstanding Weighted Average Remaining Contractual Life (Year)	5 years 36 days
Options Outstanding Weighted Average Exercise Price (in dollars per share)	$ 49.33
Options Exercisable Number Exercisable (in shares) | shares	155,372
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 49.33
Exercise Price Range 3 [Member]
Options, Exercise Price Range, Lower Limit (in dollars per share)	58.54
Options, Exercise Price Range, Upper Limit (in dollars per share)	$ 58.54
Options Outstanding Number Outstanding (in shares) | shares	175,051
Options Outstanding Weighted Average Remaining Contractual Life (Year)	7 years 36 days
Options Outstanding Weighted Average Exercise Price (in dollars per share)	$ 58.54
Options Exercisable Number Exercisable (in shares) | shares	87,572
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 58.54

Note 15 - Stock-based and Def77

Note 15 - Stock-based and Deferred Compensation Plans - Restricted Stock Awards and Related Information (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Service-based Restricted Stock [Member]
Unvested, Number of Awards (in shares)	1,047,084
Unvested, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 43.08
Granted, Number of Awards (in shares)	623,584
Granted, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 25.52
Vested, Number of Awards (in shares)	(472,946)
Vested, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 24.88
Forfeited, Number of Awards (in shares)	(57,233)
Forfeited, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 38.08
Unvested, Number of Awards (in shares)	1,140,489	1,047,084
Unvested, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 35.07	$ 43.08
Performance-based Restricted Stock [Member]
Unvested, Number of Awards (in shares)	124,800
Unvested, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 50.16
Granted, Number of Awards (in shares)	86,462
Granted, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 37.93
Performance adjustment, Number of Awards (in shares)	(46,850)
Performance adjustment, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 62.37
Vested, Number of Awards (in shares)
Vested, Weighted Average Grant Date Fair Value Per Share (in dollars per share)
Forfeited, Number of Awards (in shares)	(6,487)
Forfeited, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 47.52
Unvested, Number of Awards (in shares)	157,925	124,800
Unvested, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 39.95	$ 50.16
Restricted Stock [Member]
Unvested, Number of Awards (in shares)	1,171,884
Granted, Number of Awards (in shares)	710,046
Granted, Weighted Average Grant Date Fair Value Per Share (in dollars per share)	$ 25.52	$ 42.39	$ 93.09
Performance adjustment, Number of Awards (in shares)	(46,850)
Vested, Number of Awards (in shares)	(472,946)
Forfeited, Number of Awards (in shares)	(63,720)
Unvested, Number of Awards (in shares)	1,298,414	1,171,884

Note 16 - Segment and Related78

Note 16 - Segment and Related Information (Details Textual)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Number of Reportable Segments	2
Number of Customers	0	0	0

Note 16 - Segment and Related79

Note 16 - Segment and Related Information - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues from unaffiliated customers	$ 694,444	$ 1,099,977	$ 1,819,609
Depreciation and amortization expense	118,720	131,257	124,776
Operating income (loss)	(69,283)	55,006	310,255
Capital expenditures	29,689	114,738	199,256
Total assets	1,383,898	1,596,471	1,806,167
Equity in earnings of unconsolidated affiliates	224	526	378
Operating income (loss)	(69,283)	55,006	310,255
Capital expenditures	29,689	114,738	199,256
Corporate, Non-Segment [Member]
Revenues from unaffiliated customers
Depreciation and amortization expense	1,118	1,340	1,023
Operating income (loss)	(48,492)	(47,237)	(68,204)
Capital expenditures	794	690	2,054
Total assets	27,966	37,432	45,224
Equity in earnings of unconsolidated affiliates
Operating income (loss)	(48,492)	(47,237)	(68,204)
Capital expenditures	794	690	2,054
Well Site Services Completion Services [Member] | Operating Segments [Member]
Revenues from unaffiliated customers	163,060	308,077	656,862
Depreciation and amortization expense	70,031	75,612	74,176
Operating income (loss)	(83,636)	(26,280)	148,787
Capital expenditures	10,418	55,336	107,580
Total assets	467,387	525,012	641,725
Equity in earnings of unconsolidated affiliates
Operating income (loss)	(83,636)	(26,280)	148,787
Capital expenditures	10,418	55,336	107,580
Well Site Services Drilling Services [Member] | Operating Segments [Member]
Revenues from unaffiliated customers	22,594	67,782	201,143
Depreciation and amortization expense	23,366	26,889	27,081
Operating income (loss)	(24,239)	(17,866)	29,574
Capital expenditures	962	12,097	29,359
Total assets	78,081	103,156	135,676
Equity in earnings of unconsolidated affiliates
Operating income (loss)	(24,239)	(17,866)	29,574
Capital expenditures	962	12,097	29,359
Total Well Site Services [Member] | Operating Segments [Member]
Revenues from unaffiliated customers	185,654	375,859	858,005
Depreciation and amortization expense	93,397	102,501	101,257
Operating income (loss)	(107,875)	(44,146)	178,361
Capital expenditures	11,380	67,433	136,939
Total assets	545,468	628,168	777,401
Equity in earnings of unconsolidated affiliates
Operating income (loss)	(107,875)	(44,146)	178,361
Capital expenditures	11,380	67,433	136,939
Offshore Products [Member] | Operating Segments [Member]
Revenues from unaffiliated customers	508,790	724,118	961,604
Depreciation and amortization expense	24,205	27,416	22,496
Operating income (loss)	87,084	146,389	200,098
Capital expenditures	17,515	46,615	60,263
Total assets	810,464	930,871	983,542
Equity in earnings of unconsolidated affiliates	224	526	378
Operating income (loss)	87,084	146,389	200,098
Capital expenditures	$ 17,515	$ 46,615	$ 60,263

Note 16 - Segment and Related80

Note 16 - Segment and Related Information - Financial Information by Geographic Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues from unaffiliated customers	$ 694,444	$ 1,099,977	$ 1,819,609
Long-lived assets	893,800	984,960	976,774
UNITED STATES
Revenues from unaffiliated customers	493,615	797,762	1,468,202
Long-lived assets	729,699	817,797	823,203
UNITED KINGDOM
Revenues from unaffiliated customers	111,565	170,536	188,753
Long-lived assets	65,675	74,082	54,868
SINGAPORE
Revenues from unaffiliated customers	34,577	66,305	83,493
Long-lived assets	23,972	26,462	27,438
Other [Member]
Revenues from unaffiliated customers	54,687	65,374	79,161
Long-lived assets	$ 74,454	$ 66,619	$ 71,265

Note 17 - Valuation Allowance81

Note 17 - Valuation Allowances - Valuation Allowances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance	$ 3,970
Charged to Costs and Expenses	2,279	3,970
Deductions
Translation and Other, Net	784
Balance	7,033	3,970
Allowance for Doubtful Accounts [Member]
Balance	6,888	7,125	3,878
Charged to Costs and Expenses	2,275	195	3,364
Deductions	(400)	(187)	111
Translation and Other, Net	(253)	(245)	(228)
Balance	8,510	6,888	7,125
Inventory Valuation Reserve [Member]
Balance	12,898	9,876	9,540
Charged to Costs and Expenses	4,916	5,487	2,147
Deductions	(2,756)	(2,395)	(1,772)
Translation and Other, Net	(209)	(70)	(39)
Balance	$ 14,849	$ 12,898	$ 9,876

Note 18 - Quarterly Financial82

Note 18 - Quarterly Financial Information (Unaudited) (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015
Downsizing Costs	$ 0.6	$ 2	$ 1.1	$ 1.6	$ 1.9	$ 0.7	$ 1.7	$ 2.1
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount					1.2			$ 2.3
Operating Loss Carryforwards, Valuation Allowance						$ 3.2
Provision for Lease Losses					3.4
Foreign Tax Authority [Member]
Operating Loss Carryforwards, Valuation Allowance					$ 0.6

Note 18 - Quarterly Financial83

Note 18 - Quarterly Financial Information (Unaudited) - Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended																12 Months Ended
		Dec. 31, 2016	[1]	Sep. 30, 2016	[2]	Jun. 30, 2016	[3]	Mar. 31, 2016	[4]	Dec. 31, 2015	[1]	Sep. 30, 2015	[2]	Jun. 30, 2015	[3]	Mar. 31, 2015	[4]	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues		$ 169,934		$ 179,006		$ 175,849		$ 169,655		$ 234,474		$ 258,886		$ 269,258		$ 337,358
Gross profit	[5]	44,144		43,240		39,449		40,840		69,752		70,296		74,594		99,636
Net income attributable to:
Net income (loss) from continuing operations		(10,627)		(10,818)		(11,705)		(13,236)		1,115		1,706		6,148		19,402		$ (46,386)	$ 28,371	$ 127,227
Discontinued operations						$ (1)		$ (3)		$ 2		$ 23		$ 35		$ 166		$ (4)	$ 226	$ 51,776
Basic net income (loss) per share attributable to Oil States from:
Continuing operations (in dollars per share)		$ (0.21)		$ (0.22)		$ (0.23)		$ (0.26)		$ 0.02		$ 0.03		$ 0.12		$ 0.38		$ (0.92)	$ 0.55	$ 2.37
Discontinued operations (in dollars per share)																			0.01	0.96
Diluted net income (loss) per share attributable to Oil States from:
Continuing operations (in dollars per share)		(0.21)		(0.22)		(0.23)		(0.26)		0.02		0.03		0.12		0.38		(0.92)	0.55	2.35
Discontinued operations (in dollars per share)																			$ 0.01	$ 0.96
Revenues		$ 169,934		$ 179,006		$ 175,849		$ 169,655		$ 234,474		$ 258,886		$ 269,258		$ 337,358
Gross profit	[5]	$ 44,144		$ 43,240		$ 39,449		$ 40,840		$ 69,752		$ 70,296		$ 74,594		$ 99,636
[1]	During the fourth quarter of 2016, we recognized $0.6 million (pre-tax) of severance and other downsizing charges. In the fourth quarter of 2015, we recognized a $3.4 million (pre-tax) leasehold restoration provision for one of our Offshore Products U.K. facilities, $1.9 million (pre-tax) of severance and other downsizing charges, and a higher effective tax rate driven primarily by $1.2 million in tax adjustments primarily related to non-deductible items and a $0.6 million valuation allowance recorded against the Company's tax loss carryforwards in various foreign jurisdictions.
[2]	During the third quarter of 2016, we recognized $2.0 million (pre-tax) of severance and other downsizing charges. Our third quarter 2015 net income attributable to continuing operations included a higher effective tax rate driven primarily by a $3.2 million valuation allowance recorded against the Company's deferred tax assets related to loss carryforwards and $0.7 million (pre-tax) of severance related costs.
[3]	During the second quarter of 2016, we recognized $1.1 million (pre-tax) of severance and other downsizing charges. In the second quarter of 2015, we recognized $1.7 million (pre-tax) of severance and other downsizing charges.
[4]	During the first quarter of 2016, we recognized $1.6 million (pre-tax) of severance and other downsizing charges. Our first quarter 2015 net income attributable to continuing operations included $2.1 million (pre-tax) of severance and other downsizing initiatives, and a higher effective tax rate driven primarily by a $2.3 million deferred tax adjustment for certain prior period non-deductible items.
[5]	Represents "product and service revenues" less "product and service costs" included in the Company's consolidated statements of operations.