Expro (XPRO) 10-Q 5 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 03, 2015
Document Information [Abstract]
Entity Registrant Name	FRANK'S INTERNATIONAL N.V.
Entity Central Index Key	1,575,828
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		154,503,748

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 474,745	$ 489,354
Accounts receivables, net	324,691	390,977
Inventories	188,573	204,008
Other current assets	14,868	23,080
Total current assets	1,002,877	1,107,419
Property, plant and equipment, net	661,626	580,142
Goodwill and intangible assets, net	26,784	14,163
Other assets	53,374	56,957
Total assets	1,744,661	1,758,681
Current liabilities:
Current portion of long-term debt	266	304
Accounts payable	18,277	16,496
Deferred revenue	57,539	76,112
Accrued and other current liabilities	98,128	114,227
Total current liabilities	174,210	207,139
Deferred tax liabilities	44,856	35,321
Other non-current liabilities	47,390	42,980
Total liabilities	$ 266,456	$ 285,440
Commitments and contingencies (Note 17)
Series A preferred stock, €0.01 par value, 52,976,000 shares authorized, issued and outstanding	$ 705	$ 705
Stockholders' equity:
Common stock, €0.01 par value, 745,120,000 shares authorized: 154,643,094 shares issued and 154,732,998 outstanding at 2015 and 154,571,229 shares issued and 154,327,383 shares outstanding at 2014	2,034	2,033
Additional paid-in capital	702,267	683,611
Retained earnings	554,159	545,357
Accumulated other comprehensive loss	(21,382)	(14,210)
Treasury stock (at cost), 270,096 at 2015 and 243,846 shares at 2014	(5,334)	(4,801)
Total stockholders' equity	1,231,744	1,211,990
Noncontrolling interest	245,756	260,546
Total equity	1,477,500	1,472,536
Total liabilities and equity	$ 1,744,661	$ 1,758,681

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - € / shares	Jun. 30, 2015	Dec. 31, 2014
Par value per share, (EUR per share)	€ 0.01
Preferred Stock, Shares Outstanding	52,976,000
Treasury Stock, Shares at cost	270,096	243,846
Series A Preferred Stock
Par value per share, (EUR per share)	€ 0.01	€ 0.01
Preferred Stock, Shares Authorized	52,976,000	52,976,000
Preferred Stock, Shares Issued	52,976,000	52,976,000
Preferred Stock, Shares Outstanding	52,976,000	52,976,000
Common Stock
Common Stock, Par or Stated Value Per Share, in EUR per share	€ 0.01	€ 0.01
Common Stock, Shares Authorized	745,120,000	745,120,000
Common Stock, Shares, Issued	154,643,094	154,571,229
Common Stock, Shares, Outstanding	154,372,998	154,327,383

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Equipment rentals and services	$ 201,282	$ 231,838	$ 433,687	$ 452,651
Products	53,022	41,099	98,054	84,778
Total revenue	254,304	272,937	531,741	537,429
Cost of revenues, exclusive of depreciation
Equipment rentals and services	76,692	90,029	170,292	174,020
Products	33,060	26,261	55,907	52,290
General and administrative expenses	73,797	71,760	143,594	131,211
Depreciation and amortization	27,710	21,895	51,711	43,088
Severance and other charges	1,049	0	13,022	0
Loss (gain) on sale of assets	687	154	871	(87)
Operating income	41,309	62,838	96,344	136,907
Other income (expense):
Other income	971	2,918	2,058	5,289
Interest income (expense), net	(31)	80	(23)	36
Foreign currency gain (loss)	(2,767)	65	(1,234)	0
Total other income	(1,827)	3,063	801	5,325
Income from continuing operations before income tax expense	39,482	65,901	97,145	142,232
Income tax expense	10,629	15,852	21,891	31,821
Net income	28,853	50,049	75,254	110,411
Net income attributable to noncontrolling interest	8,023	14,833	20,145	33,332
Net income attributable to Frank's International N.V.	20,830	35,216	55,109	77,079
Preferred stock dividends	(2)	(1)	(2)	(1)
Net income available to Frank's International N.V. common shareholders	$ 20,828	$ 35,215	$ 55,107	$ 77,078
Earnings per common share:
Total basic earnings per share (in dollars per share)	$ 0.14	$ 0.23	$ 0.36	$ 0.50
Total diluted earnings per share (in dollars per share)	$ 0.14	$ 0.23	$ 0.35	$ 0.50
Weighted average common shares outstanding:
Basic (in shares)	154,344	153,524	154,337	153,524
Diluted (in shares)	209,114	207,822	208,804	207,641

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 28,853	$ 50,049	$ 75,254	$ 110,411
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	3,173	948	(8,574)	891
Unrealized gain (loss) on marketable securities, net of tax	(1,408)	215	(1,054)	(157)
Total other comprehensive income (loss)	1,765	1,163	(9,628)	734
Comprehensive income	30,618	51,212	65,626	111,145
Less: Comprehensive income attributable to noncontrolling interest	8,475	15,131	17,689	33,521
Comprehensive income attributable to Frank's International N.V.	$ 22,143	$ 36,081	$ 47,937	$ 77,624

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interest
Balance at beginning of period (Shares) at Dec. 31, 2013		153,524
Balance at beginning of period at Dec. 31, 2013	$ 1,333,327	$ 2,019	$ 642,164	$ 455,632	$ (2,383)	$ 0	$ 235,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	110,411			77,079			33,332
Foreign currency translation adjustments	891				662		229
Unrealized gain (loss) on marketable securities, net of tax	(157)				(117)		(40)
Stock-based compensation expense	20,236		20,236
Distribution to noncontrolling interest	(22,224)			0			(22,224)
Common stock dividends	(23,029)		0	(23,029)
Preferred stock dividends	(1)			(1)
Balance at end of period (Shares) at Jun. 30, 2014		153,524
Balance at end of period at Jun. 30, 2014	1,419,454	$ 2,019	662,400	509,681	(1,838)	0	247,192
Balance at beginning of period (Shares) at Dec. 31, 2013		153,524
Balance at beginning of period at Dec. 31, 2013	1,333,327	$ 2,019	642,164	455,632	(2,383)	0	235,895
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred stock dividends	(2)
Balance at end of period (Shares) at Dec. 31, 2014		154,327
Balance at end of period at Dec. 31, 2014	1,472,536	$ 2,033	683,611	545,357	(14,210)	(4,801)	260,546
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	75,254			55,109			20,145
Foreign currency translation adjustments	(8,574)				(6,386)		(2,188)
Unrealized gain (loss) on marketable securities, net of tax	(1,054)				(786)		(268)
Stock-based compensation expense	18,571		18,571
Amount withheld for employee stock purchase plan	86		86
Distribution to noncontrolling interest	(32,479)						(32,479)
Common stock dividends	(46,305)			(46,305)
Preferred stock dividends	(2)			(2)
Common shares issued upon vesting of restricted stock units (Shares)		72
Common shares issued upon vesting of restricted stock units		$ 1	(1)
Treasury shares withheld (Shares)		(26)
Treasury shares withheld	(533)					(533)
Balance at end of period (Shares) at Jun. 30, 2015		154,373
Balance at end of period at Jun. 30, 2015	$ 1,477,500	$ 2,034	$ 702,267	$ 554,159	$ (21,382)	$ (5,334)	$ 245,756

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Common stock dividends, per share	$ 0.30	$ 0.15

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities [Abstract]
Net income	$ 75,254	$ 110,411
Adjustments to reconcile net income to cash provided by operating activities
Depreciation and amortization	51,711	43,088
Stock-based compensation expense	18,571	20,236
ESPP expense	86	0
Amortization of deferred financing costs	82	172
Deferred tax provision	9,727	3,021
Provision for (recovery of) bad debts	335	(222)
(Gain) loss on sale of assets	871	(87)
Changes in fair value of marketable securities	(404)	(1,305)
Other	(3,909)	0
Changes in operating assets and liabilities
Accounts receivable	66,188	4,371
Inventories	17,499	(40,178)
Other current assets	8,669	1,826
Other assets	2,148	1,556
Accounts payable	1,778	411
Deferred revenue	(18,574)	7,307
Accrued and other current liabilities	(16,854)	8,432
Other non-current liabilities	2,734	2,906
Net cash provided by operating activities	215,912	161,945
Cash flows from investing activities
Acquisition of Timco Services, Inc. (net of acquired cash)	(78,676)	0
Purchases of property, plant and equipment	(70,843)	(77,722)
Proceeds from sale of assets and equipment	214	2,489
Purchase of marketable securities	0	(1,539)
Net cash used in investing activities	(149,305)	(76,772)
Cash flows from financing activities
Repayments of borrowings	(37)	(36)
Dividends paid on common stock	(46,305)	(23,029)
Dividends paid on preferred stock	(2)	(1)
Distribution to noncontrolling interest	(32,479)	(22,224)
Treasury shares withheld	(533)	0
Net cash used in financing activities	(79,356)	(45,290)
Effect of exchange rate changes on cash	(1,860)	(1,154)
Net increase (decrease) in cash	(14,609)	38,729
Cash and cash equivalents at beginning of period	489,354	404,947
Cash and cash equivalents at end of period	$ 474,745	$ 443,676

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Nature of Business Frank’s International N.V. ("FINV"), a limited liability company organized under the laws of The Netherlands, is a global provider of highly engineered tubular services to the oil and gas industry. FINV provides services to leading exploration and production companies in both offshore and onshore environments with a focus on complex and technically demanding wells. Basis of Presentation The consolidated financial statements of FINV for the three and six months ended June 30, 2015 and 2014 include the activities of Frank's International C.V. ("FICV") and its wholly owned subsidiaries (collectively, the "Company," "we," "us" or "our"). All intercompany accounts and transactions have been eliminated for purposes of preparing these consolidated financial statements. Certain information and footnote disclosures required by generally accepted accounting principles in the United States of America ("GAAP") for complete annual financial statements have been omitted and, therefore, these interim financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto for the year ended December 31, 2014 , which are included in our most recent Annual Report on Form 10-K filed with the Securities Exchange Commission ("SEC") on March 6, 2015 . In the opinion of management, these financial statements, which have been prepared pursuant to the rules of the SEC and GAAP for interim financial reporting, reflect all adjustments, which consisted only of normal recurring adjustments that were necessary for a fair statement of the interim periods presented. The results of operations for interim periods are not necessarily indicative of those for a full year. The consolidated financial statements have been prepared on a historical cost basis using the United States dollar as the reporting currency. Our functional currency is primarily the United States dollar. Out-Of-Period Adjustment During our review of the three months ended June 30, 2014, we identified a non-cash error that originated in prior periods. The error related to the attribution of the cost of share-based compensation to the requisite service periods of retirement-eligible employees. Awards made pursuant to the 2013 Long-Term Incentive Plan generally provided that the awards vest if the employee retires. The requisite service period for awards does not extend beyond the date an employee becomes eligible to retire, which causes the requisite service period to be either two years or the period from grant date to the date the employee becomes retirement eligible. In the second quarter of 2014, we discovered that share-based compensation expense related to retirement-eligible employees was cumulatively understated through the first quarter of 2014 by approximately $7.5 million . Because the errors were immaterial both in the periods in which they arose and in which they were corrected, the correction was recorded as an out-of-period adjustment in the second quarter of 2014 and is included in general and administrative expenses on the consolidated statements of income. Recent Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of accounting standards updates ("ASUs") to the FASB’s Accounting Standards Codification. We consider the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position or results of operations. In July 2015, the FASB issued accounting guidance on simplifying the measurement of inventory. Under this guidance, inventory will be measured at the lower of cost and net realizable value. Options that currently exist for market value will be eliminated. The guidance defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. No other changes were made to the current guidance on inventory measurement. This guidance will be effective for interim and annual periods beginning after December 15, 2016. Early application is permitted and should be applied prospectively. Management is evaluating the provisions of this statement, including which period to adopt, and has not determined what impact the adoption of the new accounting guidance will have on our consolidated financial statements. In April 2015, the FASB issued amendments to guidance on the presentation of debt issuance costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the related debt liability rather than as an asset, consistent with debt discounts and premiums. Amortization of the costs will be reported as interest expense. Entities will be required to apply the new guidance retrospectively to all prior periods presented. This guidance will be effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. We do not expect to adopt this guidance early and do not believe that the adoption will have a material impact on our consolidated financial statements. In February 2015, the FASB issued guidance on the amendments to the consolidation analysis, which affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities; (2) eliminate the presumption that a general partner should consolidate a limited partnership; (3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) provide a scope exception from consolidation guidance for reporting entities with interest in legal entities that are required to comply with or operate in accordance with requirements that are similar to those for registered money market funds. This pronouncement is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. We are evaluating the impact that the adoption of this standard will have on our consolidated financial statements In January 2015, the FASB issued guidance on the income statement presentation, which eliminates the concept of extraordinary items while retaining certain presentation and disclosure guidance for items that are unusual in nature or occur infrequently. The standard is effective prospectively for fiscal years and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted provided the guidance is applied from the beginning of the fiscal year of adoption. We do not expect to adopt this guidance early and do not believe that the adoption of this guidance will have a material impact on our consolidated financial statements. In May 2014, the FASB issued amendments to guidance on the recognition of revenue based upon the entity’s contracts with customers to transfer goods or services. Under the new standard update, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. On July 9, 2015, the FASB deferred the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB will also permit early adoption of the standard, but not before the original effective date of December 15, 2016. We are currently evaluating the impact of this accounting standard update on our consolidated financial statements.

Noncontrolling Interest

Noncontrolling Interest	6 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interest We hold an economic interest in FICV and are responsible for all operational, management and administrative decisions relating to FICV’s business. As a result, the financial results of FICV are consolidated with ours and we record a noncontrolling interest on our consolidated balance sheet with respect to the remaining economic interest in FICV held by Mosing Holdings, Inc. ("MHI"). Net income attributable to noncontrolling interest on the statements of income represents the portion of earnings or losses attributable to the economic interest in FICV held by MHI. The allocable domestic income from FICV to FINV is subject to U.S. taxation. A reconciliation of net income attributable to noncontrolling interest is detailed as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net income $ 28,853 $ 50,049 $ 75,254 $ 110,411 Add: Provision for U.S. income taxes of FINV (1) 813 7,936 7,076 19,360 Less: (Income) loss of FINV (2) 1,773 (155 ) (3,390 ) 180 Net income subject to noncontrolling interest 31,439 57,830 78,940 129,951 Noncontrolling interest percentage (3) 25.5% 25.7% 25.5% 25.7% Net income attributable to noncontrolling interest $ 8,023 $ 14,833 $ 20,145 $ 33,332 (1) Represents income tax expense attributable to our proportionate share of the U.S. operations of our partnership interests in FICV. (2) Represents results of operations for entities outside of FICV. (3) Represents the economic interest in FICV held by MHI. This percentage will change as additional shares of FINV common stock are issued.

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Acquisition	Acquisition On April 1, 2015, Frank’s International, LLC, a Texas limited liability company (“Frank’s LLC”) and an indirect wholly-owned subsidiary of FINV closed on a transaction to purchase all of the outstanding equity interests of Timco Services, Inc. ("Timco"), a Louisiana corporation with a strong presence in the Permian Basin and Eagle Ford Shale regions, in exchange for consideration consisting of (i) approximately $81.0 million inclusive of a tax reimbursement payment of $8.0 million as well as closing adjustments for normal operating activity and customary purchase price adjustments and (ii) contingent consideration of up to $20.0 million , payable in two separate payments of $10.0 million based upon exceeding certain targets of the United States land rotary rig count, as reported by Baker Hughes, over prescribed time periods. As of June 30, 2015, the contingent consideration had a fair value of $1.5 million as discussed in Note 10 - Fair Value Measurements. Each party agreed to indemnify the other for breaches of representations and warranties, breaches of covenants and certain other matters, subject to certain exceptions. The Timco Acquisition was accounted for as a business combination in accordance with accounting guidance. As described in Note 10 - Fair Value Measurements, the purchase price is allocated to the fair value of assets acquired and liabilities assumed based on a discounted cash flow model and goodwill is recognized for the excess consideration transferred over the fair value of the net assets. We recognized $4.9 million of goodwill. The goodwill is assigned to the U.S. Services segment and is deductible for tax purposes. The purchase price allocation is preliminary and adjustments to provisional amounts (such as property, plant and equipment) will occur as we integrate Timco into our operations. We do not expect the adjustments to materially change the purchase price allocation. Additional changes to the purchase price allocation may result in a corresponding change to goodwill in the period of the change.

Accounts Receivable, net

Accounts Receivable, net	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Accounts Receivable, net	Accounts Receivable, net Accounts receivable at June 30, 2015 and December 31, 2014 were as follows (in thousands): June 30, December 31, 2015 2014 Trade accounts receivable, net of allowance of $2,680 and $2,477, respectively $ 219,279 $ 291,140 Unbilled revenue 60,719 62,993 Taxes receivable 39,674 32,056 Affiliated (1) 3,365 3,370 Other receivables 1,654 1,418 Total accounts receivable $ 324,691 $ 390,977 (1) Amounts represent expenditures on behalf of non-consolidated affiliates and receivables for aircraft charter income.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at June 30, 2015 and December 31, 2014 were as follows (in thousands): June 30, December 31, 2015 2014 Pipe and connectors $ 166,518 $ 185,076 Finished goods 4,277 4,291 Work in progress 5,503 3,363 Raw materials, components and supplies 12,275 11,278 Total inventories $ 188,573 $ 204,008

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The following is a summary of property, plant and equipment at June 30, 2015 and December 31, 2014 (in thousands): Estimated Useful Lives in Years June 30, December 31, Land and land improvements (1) 8-15 $ 21,269 $ 21,804 Buildings and improvements 39 72,403 69,827 Rental machinery and equipment 7 881,249 763,722 Machinery and equipment - other 7 63,976 64,648 Furniture, fixtures and computers 5 18,425 17,915 Automobiles and other vehicles 5 48,006 37,417 Aircraft 7 14,868 14,868 Leasehold improvements 7, or lease term if shorter 7,748 6,353 Construction in progress - machinery and equipment and buildings — 110,740 114,308 1,238,684 1,110,862 Less: Accumulated depreciation (577,058 ) (530,720 ) Total property, plant and equipment, net $ 661,626 $ 580,142 (1) The estimated useful life presented is only land improvements. Land does not have a depreciable life.

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets at June 30, 2015 and December 31, 2014 consisted of the following (in thousands): June 30, December 31, 2015 2014 Marketable securities held in Rabbi Trust (1) $ 45,530 $ 45,126 Deferred tax asset 1,432 1,507 Deposits 2,153 4,043 Other 4,259 6,281 Total other assets $ 53,374 $ 56,957 (1) See Note 10 – Fair Value Measurements

Accrued and Other Current Liabi

Accrued and Other Current Liabilities	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accrued and Other Current Liabilities	Accrued and Other Current Liabilities Accrued and other current liabilities at June 30, 2015 and December 31, 2014 consisted of the following (in thousands): June 30, December 31, 2015 2014 Accrued compensation $ 29,451 $ 35,097 Accrued property and other taxes 22,133 32,190 Accrued severance and other charges 6,826 — Income taxes 3,995 3,362 Accrued inventory 8,127 6,235 Accrued capital expenditures 2,524 708 Accrued medical claims 4,143 3,218 Accrued purchase orders 3,268 8,081 Other 17,661 25,336 Total accrued and other current liabilities $ 98,128 $ 114,227

Debt

Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Debt	Debt We have a $100.0 million revolving credit facility with certain financial institutions, including up to $20.0 million for letters of credit and up to $10.0 million in swingline loans, which matures in August 2018 (the “Credit Facility”). Subject to the terms of the Credit Facility, we have the ability to increase the commitments by $150.0 million . At June 30, 2015 and December 31, 2014 , we did not have any outstanding indebtedness under the Credit Facility. In addition, we had $6.3 million in letters of credit outstanding as of June 30, 2015 . Borrowings under the Credit Facility bear interest, at our option, at either a base rate or an adjusted Eurodollar rate. Base rate loans under the Credit Facility bear interest at a rate equal to the higher of (a) the prime rate as published in the Wall Street Journal, (b) the Federal Funds Effective Rate plus 0.50% or (c) the adjusted Eurodollar rate plus 1.00% , plus an applicable margin ranging from 0.50% to 1.50% , subject to adjustment based on a leverage ratio. Interest is in each case payable quarterly for base-rate loans. Eurodollar loans under the Credit Facility bear interest at an adjusted Eurodollar rate equal to the Eurodollar rate for such interest period multiplied by the statutory reserves, plus an applicable margin ranging from 1.50% to 2.50% . Interest is payable at the end of applicable interest periods for Eurodollar loans, except that if the interest period for a Eurodollar loan is longer than three months, interest is paid at the end of each three-month period. The unused portion of the Credit Facility is subject to a commitment fee ranging from 0.250% to 0.375% based on certain leverage ratios. The Credit Facility contains various covenants that, among other things, limit our ability to grant certain liens, make certain loans and investments, enter into mergers or acquisitions, enter into hedging transactions, change our lines of business, prepay certain indebtedness, enter into certain affiliate transactions, incur additional indebtedness or engage in certain asset dispositions. The Credit Facility also contains financial covenants, which, among other things, require us, on a consolidated basis, to maintain: (i) a ratio of total consolidated funded debt to adjusted EBITDA (as defined in our credit agreement) of not more than 2.50 to 1.0; and (ii) a ratio of EBITDA to interest expense of not less than 3.0 to 1.0. As of June 30, 2015 , we were in compliance with all financial covenants under the Credit Facility. In addition, the Credit Facility contains customary events of default, including, among others, the failure to make required payments, the failure to comply with certain covenants or other agreements, breach of the representations and covenants contained in the agreements, default of certain other indebtedness, certain events of bankruptcy or insolvency and the occurrence of a change in control.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We follow fair value measurement authoritative accounting guidance for measuring fair values of assets and liabilities in financial statements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We utilize market data or assumptions that market participants who are independent, knowledgeable, and willing and able to transact would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. We are able to classify fair value balances based on the observability of these inputs. The authoritative guidance for fair value measurements establishes three levels of the fair value hierarchy, defined as follows: • Level 1: Unadjusted, quoted prices for identical assets or liabilities in active markets. • Level 2: Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly for substantially the full term of the asset or liability. • Level 3: Significant, unobservable inputs for use when little or no market data exists, requiring a significant degree of judgment. The hierarchy gives the highest priority to Level 1 measurements and the lowest priority to Level 3 measurements. Depending on the particular asset or liability, input availability can vary depending on factors such as product type, longevity of a product in the market and other particular transaction conditions. In some cases, certain inputs used to measure fair value may be categorized into different levels of the fair value hierarchy. For disclosure purposes under the accounting guidance, the lowest level that contains significant inputs used in valuation should be chosen. Financial Assets and Liabilities A summary of financial assets and liabilities that are measured at fair value on a recurring basis, as of June 30, 2015 and December 31, 2014 were as follows (in thousands): Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total June 30, 2015 Assets: Investments available-for-sale: Marketable securities - deferred compensation plan $ — $ 45,530 $ — $ 45,530 Marketable securities - other 2,789 — — 2,789 Liabilities: Marketable securities - deferred compensation plan — 45,012 — 45,012 Contingent consideration — — 1,539 1,539 December 31, 2014 Assets: Investments available-for-sale: Marketable securities - deferred compensation plan $ — $ 45,126 $ — $ 45,126 Marketable securities - other 2,257 — — 2,257 Liabilities: Marketable securities - deferred compensation plan — 42,968 — 42,968 Our investments associated with our deferred compensation plan consist of marketable securities that are held in the form of investments in mutual funds and insurance contracts. Assets and liabilities measured using significant observable inputs are reported at fair value based on third-party broker statements, which are derived from the fair value of the funds' underlying investments. Other marketable securities are included in other assets on the consolidated balance sheets. Our valuation technique used to estimate the fair value of contingent consideration payable in connection with our acquisition of Timco (as described in Note 3) is the Monte Carlo simulation lattice option-pricing model which uses weekly rig count forecasts through June 30, 2017 as a basis for the simulation. The contingent consideration is included in other non-current liabilities on the balance sheet. We used the following assumptions in the Monte Carlo simulation lattice option-pricing model: June 30, 2015 Assumptions: Rig count volatility 1.74 % Cost of debt 5.18 % Date of first contingent consideration payment December 31, 2016 Date of second contingent consideration payment June 30, 2017 The following table sets forth a reconciliation of the changes in the fair value of the contingent consideration payable as classified as Level 3 in the fair value hierarchy (in thousands): Significant Unobservable Beginning Balance, December 31, 2014 $ — Contingent consideration 1,539 Ending Balance, June 30, 2015 $ 1,539 Assets and Liabilities Measured at Fair Value on a Non-recurring Basis We apply the provisions of the fair value measurement standard to our non-recurring, non-financial measurements including business combinations as well as impairment related to goodwill and other long-lived assets. For business combinations, the purchase price is allocated to the assets acquired and liabilities assumed based on a discounted cash flow model for most intangibles as well as market assumptions for the valuation of equipment and other fixed assets. We utilize a discounted cash flow model in evaluating impairment considerations related to goodwill and long-lived assets. Given the unobservable nature of the inputs, the discounted cash flow models are deemed to use Level 3 inputs. Other Fair Value Considerations The carrying values on our consolidated balance sheet of our cash and cash equivalents, trade accounts receivable, other current assets, accounts payable, accrued and other current liabilities and lines of credit approximates fair values due to their short maturities.

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2015
Preferred Stock [Abstract]
Preferred Stock	Preferred Stock At June 30, 2015 , we had 52,976,000 shares of Series A preferred stock, par value €0.01 per share (the "Preferred Stock"), issued and outstanding, all of which were held by MHI. Each share of Preferred Stock has a liquidation preference equal to its par value of €0.01 per share and is entitled to an annual dividend equal to 0.25% of its par value. We paid the annual dividend for the year ended December 31, 2014 of $1,506 on June 30, 2015. Additionally, each share of Preferred Stock entitles its holder to one vote. Preferred stockholders vote with the common stockholders as a single class on all matters presented to FINV's shareholders for their vote. MHI has the right to convert all or a portion of its Preferred Stock into shares of our common stock by delivery of an equivalent portion of its interest in FICV to us. Accordingly, the increase in our interest in FICV in connection with a conversion will decrease the noncontrolling interest in our financial statements that is attributable to MHI's interest in FICV. As of June 30, 2015 , there have been no conversions of the Preferred Stock or exchanges of the FICV limited partner interests. Exchanges are subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications. The Preferred Stock is classified outside of permanent equity in our consolidated balance sheet at its redemption value of par plus accrued and unpaid dividends because the conversion provisions are not solely within our control.

Treasury Stock

Treasury Stock	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Treasury Stock	Treasury Stock At June 30, 2015 , common shares held in treasury totaled 270,096 with a cost of $5.3 million . These shares were withheld from employees to settle personal tax withholding obligations that arose as a result of restricted stock units that vested.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We have engaged in certain transactions with other companies related to us by common ownership. We have entered into various operating leases to lease office space from an affiliated partnership. Rent expense related to these leases was $2.0 million and $1.6 million for each of the three months ended June 30, 2015 and 2014 , respectively, and $4.0 million and $3.5 million for the six months ended June 30, 2015 and 2014 , respectively. We are a party to certain agreements relating to the rental of aircraft to Western Airways ("WA"), an entity owned by the Mosing family. Subsequent to our initial public offering ("IPO") in 2013, we entered into new agreements with WA for the aircraft that was retained by us whereby we are paid a flat monthly fee for dry lease rental and during 2014 were also charged block hours monthly. We recorded net charter expense of $0.4 million and $0.3 million for the three months ended June 30, 2015 and 2014 , respectively, and net charter expense of $0.8 million and $0.7 million for the six months ended June 30, 2015 and 2014 , respectively. Tax Receivable Agreement MHI and its permitted transferees may convert all or a portion of its Preferred Stock into shares of our common stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications and other similar transactions, by delivery of an equivalent portion of its interest in FICV to us (a “Conversion”). FICV has made an election under Section 754 of the Code. Pursuant to the Section 754 election, each future Conversion is expected to result in an adjustment to the tax basis of the tangible and intangible assets of FICV, and these adjustments will be allocated to FINV. Certain of the adjustments to the tax basis of the tangible and intangible assets of FICV described above would not have been available absent these future Conversions. The anticipated basis adjustments are expected to reduce the amount of tax that FINV would otherwise be required to pay in the future. These basis adjustments may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. The tax receivable agreement (the "TRA") that we entered into with FICV and MHI in connection with our IPO generally provides for the payment by FINV of 85% of the amount of the actual reductions, if any, in payments of U.S. federal, state and local income tax or franchise tax (which reductions we refer to as “cash savings”) in periods after our IPO as a result of (i) the tax basis increases resulting from the Conversions and (ii) imputed interest deemed to be paid by us as a result of, and additional tax basis arising from, payments under the TRA. In addition, the TRA provides for payment by us of interest earned from the due date (without extensions) of the corresponding tax return to the date of payment specified by the TRA. We will retain the remaining 15% of cash savings, if any. The payment obligations under the TRA are our obligations and are not obligations of FICV. The term of the TRA will continue until all such tax benefits have been utilized or expired, unless we exercise our right to terminate the TRA. Estimating the amount of payments that may be made under the TRA is by its nature imprecise. The actual increase in tax basis, as well as the amount and timing of any payments under the TRA, will vary depending upon a number of factors, including the timing of Conversions, the relative value of our U.S. and international assets at the time of the Conversion, the price of our common stock at the time of the Conversion, the extent to which such Conversions are taxable, the amount and timing of the taxable income FINV realizes in the future and the tax rate then applicable, FINV’s use of loss carryovers and the portion of its payments under the TRA constituting imputed interest or depreciable or amortizable basis. FINV expects that the payments that it will be required to make under the TRA will be substantial but that it will be able to fund such payments. There may be a negative impact on our liquidity if, as a result of timing discrepancies, the payments under the TRA exceed the actual benefits we realize in respect of the tax attributes subject to the TRA. The payments under the TRA will not be conditioned upon a holder of rights under a TRA having a continued ownership interest in either FICV or FINV. The TRA provides that FINV may terminate it early. If FINV elects to terminate the TRA early, it would be required to make an immediate payment equal to the present value of the anticipated future tax benefits subject to the TRA (based upon certain assumptions and deemed events set forth in the TRA, including the assumption that it has sufficient taxable income to fully utilize such benefits and that any FICV interests that MHI or its transferees own on the termination date are deemed to be exchanged on the termination date). Any early termination payment may be made significantly in advance of the actual realization, if any, of such future benefits. In addition, payments due under the TRA will be similarly accelerated following certain mergers or other changes of control. In these situations, FINV’s obligations under the TRA could have a substantial negative impact on our liquidity and could have the effect of delaying, deferring or preventing certain mergers, asset sales, other forms of business combinations or other changes of control. For example, if the TRA were terminated on June 30, 2015 , the estimated termination payment would be approximately $50.9 million (calculated using a discount rate of 5.83% ). The foregoing number is merely an estimate and the actual payment could differ materially. Because FINV is a holding company with no operations of its own, its ability to make payments under the TRA is dependent on the ability of FICV to make distributions to it in an amount sufficient to cover FINV’s obligations under such agreements; this ability, in turn, may depend on the ability of FICV’s subsidiaries to provide payments to it. The ability of FICV and its subsidiaries to make such distributions will be subject to, among other things, the applicable provisions of Dutch law that may limit the amount of funds available for distribution and restrictions in our debt instruments. To the extent that FINV is unable to make payments under the TRA for any reason, except in the case of an acceleration of payments thereunder occurring in connection with an early termination of the TRA or certain mergers of change of control, such payments will be deferred and will accrue interest until paid, and FINV will be prohibited from paying dividends on its common stock.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share is determined by dividing net income, less preferred stock dividends, by the weighted average number of common shares outstanding during the period. Diluted earnings per share is determined by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding, assuming all potentially dilutive shares were issued. We apply the treasury stock method to determine the dilutive weighted average common shares represented by the unvested restricted stock units and employee stock purchase plan shares. The diluted earnings per share calculation assumes the conversion of 100% of our outstanding Preferred Stock on an as if converted basis. Accordingly, the numerator is also adjusted to include the earnings allocated to the noncontrolling interest after taking into account the tax effect of such exchange. The following table summarizes the basic and diluted earnings per share calculations (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Numerator - Basic Income from continuing operations $ 28,853 $ 50,049 $ 75,254 $ 110,411 Less: Net income attributable to noncontrolling interest (8,023 ) (14,833 ) (20,145 ) (33,332 ) Less: Preferred stock dividends (2 ) (1 ) (2 ) (1 ) Net income available to common shareholders $ 20,828 $ 35,215 $ 55,107 $ 77,078 Numerator - Diluted Income from continuing operations attributable to common shareholders $ 20,828 $ 35,215 $ 55,107 $ 77,078 Add: Net income attributable to noncontrolling interest (1) 7,664 11,776 17,602 26,336 Add: Preferred stock dividends 2 1 2 1 Dilutive net income available to common shareholders $ 28,494 $ 46,992 $ 72,711 $ 103,415 Denominator Basic weighted average common shares 154,344 153,524 154,337 153,524 Exchange of noncontrolling interest for common stock (Note 11) 52,976 52,976 52,976 52,976 Restricted stock units 1,789 1,322 1,489 1,141 Stock to be issued pursuant to employee stock purchase plan 5 — 2 — Diluted weighted average common shares 209,114 207,822 208,804 207,641 Earnings per common share: Basic $ 0.14 $ 0.23 $ 0.36 $ 0.50 Diluted $ 0.14 $ 0.23 $ 0.35 $ 0.50 (1) Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock $ 359 $ 3,057 $ 2,543 $ 6,996

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim financial reporting, we estimate the annual tax rate based on projected pre-tax income for the full year and record a quarterly income tax provision (benefit) in accordance with Accounting Standards Codification Topic 740-270, Income taxes—Interim Reporting . As the year progresses, we refine the estimate of the year's pre-tax income as new information becomes available. The continual estimation process often results in a change to the expected effective tax rate for the year. When this occurs, we adjust the income tax provision (benefit) during the quarter in which the change in estimate occurs so that the year to date provision reflects the expected annual tax rate. Our effective tax rate on income from continuing operations before income taxes was 26.9% and 24.1% for the three months ended June 30, 2015 and 2014 , respectively, and 22.5% and 22.4% for the six months ended June 30, 2015 and 2014 , respectively. In addition, the tax rate for all periods is lower than the U.S. statutory income tax rate of 35% due to lower statutory tax rates in certain foreign jurisdictions where we operate. As of June 30, 2015 , there were no significant changes to our unrecognized tax benefits as reported in our audited financial statements for the year ended December 31, 2014 .

Severance and Other Charges

Severance and Other Charges	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Severance and Other Charges	Severance and Other Charges We are facing a challenging year in the oilfield industry due to the dramatic drop in oil prices. We continue to develop and implement cost savings steps in response to these difficult market conditions. On March 31, 2015, we announced a plan to reduce our workforce by approximately 400 to 600 employees. This action was completed in the second quarter at the higher end of the range guidance. As of June 30, 2015, we expect to incur total costs of $13.0 million , which is reflected in our consolidated statements of income under severance and other charges. The $13.0 million is inclusive of accelerated stock-based compensation expense of $1.0 million and $2.3 million for the three and six months ended June 30, 2015, respectively, recognized as a component of equity. Below is a reconciliation of the beginning and ending liability balance (in thousands): International Services U.S. Services Tubular Sales Total Beginning balance, March 31, 2015 $ 372 $ 10,743 $ 858 $ 11,973 Increase in accrual — — 27 27 Decrease in accrual — (1,345 ) (1,345 ) Severance and other payments (187 ) (2,757 ) (885 ) (3,829 ) Ending balance, June 30, 2015 $ 185 $ 6,641 $ — $ 6,826 We expect to pay the remaining liability by November 2015.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are the subject of lawsuits and claims arising in the ordinary course of business from time to time. A liability is accrued when a loss is both probable and can be reasonably estimated. We had no material accruals for loss contingencies, individually or in the aggregate, as of June 30, 2015 . We believe the probability is remote that the ultimate outcome of these matters would have a material adverse effect on our financial position, results of operations or cash flows.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information Reporting Segments Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. We are comprised of three reportable segments: International Services, U.S. Services and Tubular Sales. The International Services segment provides tubular services in international offshore markets and in several onshore international regions. Our customers in these international markets are primarily large exploration and production companies, including integrated oil and gas companies and national oil and gas companies. The U.S. Services segment provides tubular services in almost all of the active onshore oil and gas drilling regions in the U.S., including the Permian Basin, Bakken Shale, Barnett Shale, Eagle Ford Shale, Haynesville Shale, Marcellus Shale and Utica Shale, as well as in the U.S. Gulf of Mexico. The Tubular Sales segment designs, manufactures and distributes large outside diameter ("OD") pipe, connectors and casing attachments. We also provide specialized fabrication and welding services in support of offshore projects, including drilling and production risers, flowlines and pipeline end terminations, as well as long length tubulars (up to 300 feet in length) for use as caissons or pilings. This segment also designs and manufactures proprietary equipment for use in our International and U.S. Services segments. Adjusted EBITDA We define Adjusted EBITDA as income from continuing operations before net interest income or expense, depreciation and amortization, income tax benefit or expense, asset impairments, gain or loss on sale of assets, foreign currency gain or loss, stock-based compensation, other non-cash adjustments and unusual or non-recurring charges. We review Adjusted EBITDA on both a consolidated basis and on a segment basis. We use Adjusted EBITDA to assess our financial performance because it allows us to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation and amortization) and items outside the control of our management team (such as income tax rates). Adjusted EBITDA has limitations as an analytical tool and should not be considered as an alternative to net income, operating income, cash flow from operating activities or any other measure of financial performance or liquidity presented in accordance with generally accepted accounting principles in the U.S. ("GAAP"). Our CODM uses Adjusted EBITDA as the primary measure of segment reporting performance. The following table presents a reconciliation of Segment Adjusted EBITDA to income from continuing operations (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Segment Adjusted EBITDA: International Services $ 55,311 $ 48,873 $ 107,596 $ 99,902 U.S. Services 16,684 44,968 61,577 86,846 Tubular Sales 7,978 9,311 11,097 18,685 Corporate and other 31 — 24 — Adjusted EBITDA Total 80,004 103,152 180,294 205,433 Interest income (expense), net (31 ) 80 (23 ) 36 Income tax expense (10,629 ) (15,852 ) (21,891 ) (31,821 ) Depreciation and amortization (27,710 ) (21,895 ) (51,711 ) (43,088 ) (Loss) gain on sale of assets (687 ) (154 ) (871 ) 87 Foreign currency gain (loss) (2,767 ) 65 (1,234 ) — Stock-based compensation expense (8,278 ) (15,347 ) (16,288 ) (20,236 ) Severance and other charges (1,049 ) — (13,022 ) — Income from continuing operations $ 28,853 $ 50,049 $ 75,254 $ 110,411 The following tables set forth certain financial information with respect to our reportable segments. Included in “Corporate and Other” are intersegment eliminations and costs associated with activities of a general nature (in thousands): International Services U.S. Services Tubular Sales Corporate and Other Total Three Months Ended June 30, 2015 Revenue from external customers $ 122,640 $ 78,418 $ 53,246 $ — $ 254,304 Inter-segment revenues 229 6,644 10,544 (17,417 ) — Adjusted EBITDA 55,311 16,684 7,978 31 80,004 Three Months Ended June 30, 2014 Revenue from external customers $ 129,456 $ 105,564 $ 37,917 $ — $ 272,937 Inter-segment revenues 230 5,624 19,575 (25,429 ) — Adjusted EBITDA 48,873 44,968 9,311 — 103,152 Six Months Ended June 30, 2015 Revenue from external customers $ 246,841 $ 187,704 $ 97,196 $ — $ 531,741 Inter-segment revenues 606 14,558 22,435 (37,599 ) — Adjusted EBITDA 107,596 61,577 11,097 24 180,294 Six Months Ended June 30, 2014 Revenue from external customers $ 248,041 $ 209,319 $ 80,069 $ — $ 537,429 Inter-segment revenues 371 10,724 35,671 (46,766 ) — Adjusted EBITDA 99,902 86,846 18,685 — 205,433

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements of FINV for the three and six months ended June 30, 2015 and 2014 include the activities of Frank's International C.V. ("FICV") and its wholly owned subsidiaries (collectively, the "Company," "we," "us" or "our"). All intercompany accounts and transactions have been eliminated for purposes of preparing these consolidated financial statements. Certain information and footnote disclosures required by generally accepted accounting principles in the United States of America ("GAAP") for complete annual financial statements have been omitted and, therefore, these interim financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto for the year ended December 31, 2014 , which are included in our most recent Annual Report on Form 10-K filed with the Securities Exchange Commission ("SEC") on March 6, 2015 . In the opinion of management, these financial statements, which have been prepared pursuant to the rules of the SEC and GAAP for interim financial reporting, reflect all adjustments, which consisted only of normal recurring adjustments that were necessary for a fair statement of the interim periods presented. The results of operations for interim periods are not necessarily indicative of those for a full year. The consolidated financial statements have been prepared on a historical cost basis using the United States dollar as the reporting currency. Our functional currency is primarily the United States dollar.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of accounting standards updates ("ASUs") to the FASB’s Accounting Standards Codification. We consider the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position or results of operations. In July 2015, the FASB issued accounting guidance on simplifying the measurement of inventory. Under this guidance, inventory will be measured at the lower of cost and net realizable value. Options that currently exist for market value will be eliminated. The guidance defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. No other changes were made to the current guidance on inventory measurement. This guidance will be effective for interim and annual periods beginning after December 15, 2016. Early application is permitted and should be applied prospectively. Management is evaluating the provisions of this statement, including which period to adopt, and has not determined what impact the adoption of the new accounting guidance will have on our consolidated financial statements. In April 2015, the FASB issued amendments to guidance on the presentation of debt issuance costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the related debt liability rather than as an asset, consistent with debt discounts and premiums. Amortization of the costs will be reported as interest expense. Entities will be required to apply the new guidance retrospectively to all prior periods presented. This guidance will be effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. We do not expect to adopt this guidance early and do not believe that the adoption will have a material impact on our consolidated financial statements. In February 2015, the FASB issued guidance on the amendments to the consolidation analysis, which affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities; (2) eliminate the presumption that a general partner should consolidate a limited partnership; (3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) provide a scope exception from consolidation guidance for reporting entities with interest in legal entities that are required to comply with or operate in accordance with requirements that are similar to those for registered money market funds. This pronouncement is effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. We are evaluating the impact that the adoption of this standard will have on our consolidated financial statements In January 2015, the FASB issued guidance on the income statement presentation, which eliminates the concept of extraordinary items while retaining certain presentation and disclosure guidance for items that are unusual in nature or occur infrequently. The standard is effective prospectively for fiscal years and interim periods within those fiscal years, beginning after December 15, 2015, with early adoption permitted provided the guidance is applied from the beginning of the fiscal year of adoption. We do not expect to adopt this guidance early and do not believe that the adoption of this guidance will have a material impact on our consolidated financial statements. In May 2014, the FASB issued amendments to guidance on the recognition of revenue based upon the entity’s contracts with customers to transfer goods or services. Under the new standard update, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. On July 9, 2015, the FASB deferred the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB will also permit early adoption of the standard, but not before the original effective date of December 15, 2016. We are currently evaluating the impact of this accounting standard update on our consolidated financial statements.

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2015
Noncontrolling Interest [Abstract]
Schedule of Net Income Attributable to Noncontrolling Interest	A reconciliation of net income attributable to noncontrolling interest is detailed as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net income $ 28,853 $ 50,049 $ 75,254 $ 110,411 Add: Provision for U.S. income taxes of FINV (1) 813 7,936 7,076 19,360 Less: (Income) loss of FINV (2) 1,773 (155 ) (3,390 ) 180 Net income subject to noncontrolling interest 31,439 57,830 78,940 129,951 Noncontrolling interest percentage (3) 25.5% 25.7% 25.5% 25.7% Net income attributable to noncontrolling interest $ 8,023 $ 14,833 $ 20,145 $ 33,332 (1) Represents income tax expense attributable to our proportionate share of the U.S. operations of our partnership interests in FICV. (2) Represents results of operations for entities outside of FICV. (3) Represents the economic interest in FICV held by MHI. This percentage will change as additional shares of FINV common stock are issued.

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Accounts receivable at June 30, 2015 and December 31, 2014 were as follows (in thousands): June 30, December 31, 2015 2014 Trade accounts receivable, net of allowance of $2,680 and $2,477, respectively $ 219,279 $ 291,140 Unbilled revenue 60,719 62,993 Taxes receivable 39,674 32,056 Affiliated (1) 3,365 3,370 Other receivables 1,654 1,418 Total accounts receivable $ 324,691 $ 390,977 (1) Amounts represent expenditures on behalf of non-consolidated affiliates and receivables for aircraft charter income.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories at June 30, 2015 and December 31, 2014 were as follows (in thousands): June 30, December 31, 2015 2014 Pipe and connectors $ 166,518 $ 185,076 Finished goods 4,277 4,291 Work in progress 5,503 3,363 Raw materials, components and supplies 12,275 11,278 Total inventories $ 188,573 $ 204,008

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The following is a summary of property, plant and equipment at June 30, 2015 and December 31, 2014 (in thousands): Estimated Useful Lives in Years June 30, December 31, Land and land improvements (1) 8-15 $ 21,269 $ 21,804 Buildings and improvements 39 72,403 69,827 Rental machinery and equipment 7 881,249 763,722 Machinery and equipment - other 7 63,976 64,648 Furniture, fixtures and computers 5 18,425 17,915 Automobiles and other vehicles 5 48,006 37,417 Aircraft 7 14,868 14,868 Leasehold improvements 7, or lease term if shorter 7,748 6,353 Construction in progress - machinery and equipment and buildings — 110,740 114,308 1,238,684 1,110,862 Less: Accumulated depreciation (577,058 ) (530,720 ) Total property, plant and equipment, net $ 661,626 $ 580,142 (1) The estimated useful life presented is only land improvements. Land does not have a depreciable life.

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets at June 30, 2015 and December 31, 2014 consisted of the following (in thousands): June 30, December 31, 2015 2014 Marketable securities held in Rabbi Trust (1) $ 45,530 $ 45,126 Deferred tax asset 1,432 1,507 Deposits 2,153 4,043 Other 4,259 6,281 Total other assets $ 53,374 $ 56,957 (1) See Note 10 – Fair Value Measurements

Accrued and Other Current Lia33

Accrued and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued and other current liabilities at June 30, 2015 and December 31, 2014 consisted of the following (in thousands): June 30, December 31, 2015 2014 Accrued compensation $ 29,451 $ 35,097 Accrued property and other taxes 22,133 32,190 Accrued severance and other charges 6,826 — Income taxes 3,995 3,362 Accrued inventory 8,127 6,235 Accrued capital expenditures 2,524 708 Accrued medical claims 4,143 3,218 Accrued purchase orders 3,268 8,081 Other 17,661 25,336 Total accrued and other current liabilities $ 98,128 $ 114,227

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	A summary of financial assets and liabilities that are measured at fair value on a recurring basis, as of June 30, 2015 and December 31, 2014 were as follows (in thousands): Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total June 30, 2015 Assets: Investments available-for-sale: Marketable securities - deferred compensation plan $ — $ 45,530 $ — $ 45,530 Marketable securities - other 2,789 — — 2,789 Liabilities: Marketable securities - deferred compensation plan — 45,012 — 45,012 Contingent consideration — — 1,539 1,539 December 31, 2014 Assets: Investments available-for-sale: Marketable securities - deferred compensation plan $ — $ 45,126 $ — $ 45,126 Marketable securities - other 2,257 — — 2,257 Liabilities: Marketable securities - deferred compensation plan — 42,968 — 42,968
Assumptions used in the Monte Carlo simulation	We used the following assumptions in the Monte Carlo simulation lattice option-pricing model: June 30, 2015 Assumptions: Rig count volatility 1.74 % Cost of debt 5.18 % Date of first contingent consideration payment December 31, 2016 Date of second contingent consideration payment June 30, 2017
Schedule of contingent consideration	The following table sets forth a reconciliation of the changes in the fair value of the contingent consideration payable as classified as Level 3 in the fair value hierarchy (in thousands): Significant Unobservable Beginning Balance, December 31, 2014 $ — Contingent consideration 1,539 Ending Balance, June 30, 2015 $ 1,539

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table summarizes the basic and diluted earnings per share calculations (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Numerator - Basic Income from continuing operations $ 28,853 $ 50,049 $ 75,254 $ 110,411 Less: Net income attributable to noncontrolling interest (8,023 ) (14,833 ) (20,145 ) (33,332 ) Less: Preferred stock dividends (2 ) (1 ) (2 ) (1 ) Net income available to common shareholders $ 20,828 $ 35,215 $ 55,107 $ 77,078 Numerator - Diluted Income from continuing operations attributable to common shareholders $ 20,828 $ 35,215 $ 55,107 $ 77,078 Add: Net income attributable to noncontrolling interest (1) 7,664 11,776 17,602 26,336 Add: Preferred stock dividends 2 1 2 1 Dilutive net income available to common shareholders $ 28,494 $ 46,992 $ 72,711 $ 103,415 Denominator Basic weighted average common shares 154,344 153,524 154,337 153,524 Exchange of noncontrolling interest for common stock (Note 11) 52,976 52,976 52,976 52,976 Restricted stock units 1,789 1,322 1,489 1,141 Stock to be issued pursuant to employee stock purchase plan 5 — 2 — Diluted weighted average common shares 209,114 207,822 208,804 207,641 Earnings per common share: Basic $ 0.14 $ 0.23 $ 0.36 $ 0.50 Diluted $ 0.14 $ 0.23 $ 0.35 $ 0.50 (1) Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock $ 359 $ 3,057 $ 2,543 $ 6,996

Severance and Other Charges (Ta

Severance and Other Charges (Tables)	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	Below is a reconciliation of the beginning and ending liability balance (in thousands): International Services U.S. Services Tubular Sales Total Beginning balance, March 31, 2015 $ 372 $ 10,743 $ 858 $ 11,973 Increase in accrual — — 27 27 Decrease in accrual — (1,345 ) (1,345 ) Severance and other payments (187 ) (2,757 ) (885 ) (3,829 ) Ending balance, June 30, 2015 $ 185 $ 6,641 $ — $ 6,826

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Reconciliation of Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization from Segments to Consolidated	The following table presents a reconciliation of Segment Adjusted EBITDA to income from continuing operations (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Segment Adjusted EBITDA: International Services $ 55,311 $ 48,873 $ 107,596 $ 99,902 U.S. Services 16,684 44,968 61,577 86,846 Tubular Sales 7,978 9,311 11,097 18,685 Corporate and other 31 — 24 — Adjusted EBITDA Total 80,004 103,152 180,294 205,433 Interest income (expense), net (31 ) 80 (23 ) 36 Income tax expense (10,629 ) (15,852 ) (21,891 ) (31,821 ) Depreciation and amortization (27,710 ) (21,895 ) (51,711 ) (43,088 ) (Loss) gain on sale of assets (687 ) (154 ) (871 ) 87 Foreign currency gain (loss) (2,767 ) 65 (1,234 ) — Stock-based compensation expense (8,278 ) (15,347 ) (16,288 ) (20,236 ) Severance and other charges (1,049 ) — (13,022 ) — Income from continuing operations $ 28,853 $ 50,049 $ 75,254 $ 110,411
Schedule of Segment Reporting Information, by Segment	The following tables set forth certain financial information with respect to our reportable segments. Included in “Corporate and Other” are intersegment eliminations and costs associated with activities of a general nature (in thousands): International Services U.S. Services Tubular Sales Corporate and Other Total Three Months Ended June 30, 2015 Revenue from external customers $ 122,640 $ 78,418 $ 53,246 $ — $ 254,304 Inter-segment revenues 229 6,644 10,544 (17,417 ) — Adjusted EBITDA 55,311 16,684 7,978 31 80,004 Three Months Ended June 30, 2014 Revenue from external customers $ 129,456 $ 105,564 $ 37,917 $ — $ 272,937 Inter-segment revenues 230 5,624 19,575 (25,429 ) — Adjusted EBITDA 48,873 44,968 9,311 — 103,152 Six Months Ended June 30, 2015 Revenue from external customers $ 246,841 $ 187,704 $ 97,196 $ — $ 531,741 Inter-segment revenues 606 14,558 22,435 (37,599 ) — Adjusted EBITDA 107,596 61,577 11,097 24 180,294 Six Months Ended June 30, 2014 Revenue from external customers $ 248,041 $ 209,319 $ 80,069 $ — $ 537,429 Inter-segment revenues 371 10,724 35,671 (46,766 ) — Adjusted EBITDA 99,902 86,846 18,685 — 205,433

Basis of Presentation (Details)

Basis of Presentation (Details) - 3 months ended Jun. 30, 2014 - USD ($) $ in Millions	Total
Accounting Policies [Abstract]
Award requisite service period	2 years
Prior period reclassification adjustment	$ 7.5

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net Income (Loss) Attributable to Noncontrolling Interest [Abstract]
Net income	$ 28,853	$ 50,049	$ 75,254	$ 110,411
Income from continuing operations before income tax expense	39,482	65,901	97,145	142,232
Net income attributable to noncontrolling interest	8,023	14,833	20,145	33,332
Frank's International C.V.
Net Income (Loss) Attributable to Noncontrolling Interest [Abstract]
Net income	28,853	50,049	75,254	110,411
Add: Provision for U.S. income taxes of FINV	813	7,936	7,076	19,360
Less: (Income) loss of FINV	1,773	(155)	(3,390)	180
Income from continuing operations before income tax expense	$ 31,439	$ 57,830	$ 78,940	$ 129,951
Noncontrolling interest percentage	25.50%	25.70%	25.50%	25.70%
Net income attributable to noncontrolling interest	$ 8,023	$ 14,833	$ 20,145	$ 33,332

Acquisition (Details)

Acquisition (Details) - Timco Services, Inc. $ in Millions	Mar. 11, 2015USD ($)payment	Jun. 30, 2015USD ($)
Business Acquisition [Line Items]
Cash payment to acquire business	$ 81
Tax reimbursement payment	8
Contingent consideration, maximum	$ 20
Number of contingent payments | payment	2
Amount of contingent payments	$ 10
Contingent consideration, liability		$ 1.5
Goodwill		$ 4.9

Accounts Receivable, net (Detai

Accounts Receivable, net (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivables, net	$ 324,691	$ 390,977
Unbilled revenue	60,719	62,993
Taxes receivable	39,674	32,056
Affiliated	3,365	3,370
Other receivables	1,654	1,418
Trade accounts receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivables, net	219,279	291,140
Allowance for doubtful accounts	$ 2,680	$ 2,477

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Pipe and connectors	$ 166,518	$ 185,076
Finished goods	4,277	4,291
Work in progress	5,503	3,363
Raw materials, components and supplies	12,275	11,278
Total inventories	$ 188,573	$ 204,008

Property, Plant and Equipment43

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,238,684	$ 1,110,862
Less: Accumulated depreciation	(577,058)	(530,720)
Total property, plant and equipment, net	661,626	580,142
Land and land Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 21,269	21,804
Land and land Improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	8 years
Land and land Improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	15 years
Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	39 years
Property, plant and equipment, gross	$ 72,403	69,827
Rental machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 881,249	763,722
Machinery and equipment - other
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 63,976	64,648
Furniture, fixtures and computers
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	5 years
Property, plant and equipment, gross	$ 18,425	17,915
Automobiles and other vehicles
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	5 years
Property, plant and equipment, gross	$ 48,006	37,417
Aircraft
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 14,868	14,868
Leasehold improvements
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 7,748	6,353
Construction in progress - machinery and equipment and buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 110,740	$ 114,308

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Marketable securities held in Rabbi Trust	$ 45,530	$ 45,126
Deferred tax asset	1,432	1,507
Deposits	2,153	4,043
Other	4,259	6,281
Total other assets	$ 53,374	$ 56,957

Accrued and Other Current Lia45

Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Accrued compensation	$ 29,451	$ 35,097
Accrued property and other taxes	22,133	32,190
Accrued severance and other charges	6,826	0
Income taxes	3,995	3,362
Accrued inventory	8,127	6,235
Accrued capital expenditures	2,524	708
Accrued medical claims	4,143	3,218
Accrued purchase orders	3,268	8,081
Other	17,661	25,336
Total accrued and other current liabilities	$ 98,128	$ 114,227

Debt - Lines of Credit (Details

Debt - Lines of Credit (Details) - Jun. 30, 2015 - Lines of credit	USD ($)
Credit Facilities
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 150,000,000
Letters of credit, amount outstanding	$ 6,300,000
Credit Facilities | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.25%
Credit Facilities | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.375%
Revolving Credit Facility | Credit Facilities
Line of Credit Facility [Line Items]
Maximum debt to adjusted EBITDA ratio	2.50
Minimum EBITDA to interest expense ratio	3
Revolving Credit Facility | Credit Facilities | Federal Funds Effective Rate
Line of Credit Facility [Line Items]
Description of variable rate basis	Federal Funds Effective Rate
Fixed spread on variable rate	0.50%
Revolving Credit Facility | Credit Facilities | Eurodollar
Line of Credit Facility [Line Items]
Description of variable rate basis	Eurodollar rate
Fixed spread on variable rate	1.00%
Revolving Credit Facility | Credit Facilities | Eurodollar | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
Variable spread on variable rate	0.50%
Revolving Credit Facility | Credit Facilities | Eurodollar | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.50%
Variable spread on variable rate	1.50%
Revolving Credit Facility | Revolving Credit Facility Maturing August 2018
Line of Credit Facility [Line Items]
Maximum borrowing capacity limit	$ 100,000,000
Letter of Credit | Revolving Credit Facility Maturing August 2018
Line of Credit Facility [Line Items]
Maximum borrowing capacity limit	20,000,000
Swing Line Loan | Revolving Credit Facility Maturing August 2018
Line of Credit Facility [Line Items]
Maximum borrowing capacity limit	$ 10,000,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rig count volatility	1.74%
Cost of debt	5.18%
Contingent consideration | Significant Unobservable Inputs (Level 3)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance, December 31, 2014	$ 0
Contingent consideration	1,539
Ending Balance, June 30, 2015	1,539
Fair Value, Measurements, Recurring | Marketable securities - deferred compensation plan | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	$ 0
Marketable securities liability	0	0
Fair Value, Measurements, Recurring | Marketable securities - deferred compensation plan | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	45,530	45,126
Marketable securities liability	45,012	42,968
Fair Value, Measurements, Recurring | Marketable securities - deferred compensation plan | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Marketable securities liability	0	0
Fair Value, Measurements, Recurring | Marketable securities - other | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,789	2,257
Fair Value, Measurements, Recurring | Marketable securities - other | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Marketable securities - other | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Fair Value, Measurements, Recurring | Contingent consideration | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities liability	0
Fair Value, Measurements, Recurring | Contingent consideration | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities liability	0
Fair Value, Measurements, Recurring | Contingent consideration | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities liability	1,539
Fair Value | Fair Value, Measurements, Recurring | Marketable securities - deferred compensation plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	45,530	45,126
Marketable securities liability	45,012	42,968
Fair Value | Fair Value, Measurements, Recurring | Marketable securities - other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,789	$ 2,257
Fair Value | Fair Value, Measurements, Recurring | Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities liability	$ 1,539

Preferred Stock Preferred Stock

Preferred Stock Preferred Stock (Details) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2015€ / sharesshares
Preferred Stock [Abstract]
Shares outstanding | shares				52,976,000
Par value per share, (EUR per share)				€ 0.01
Preferred stock dividend rate	0.25%
Dividends paid | $	$ 2	$ 1	$ 2

Treasury Stock (Details)

Treasury Stock (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Equity [Abstract]
Treasury stock, shares	270,096	243,846
Treasury stock, value	$ 5,334	$ 4,801

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Related Party Transaction [Line Items]
Net charter income (expense)	$ 201,282	$ 231,838	$ 433,687	$ 452,651
Percentage of tax benefits realized payable	85.00%		85.00%
Tax receivable agreement, liability	$ 50,900		$ 50,900
Tax receivable agreement, liability, discount rate	5.83%		5.83%
Affiliated Entity
Related Party Transaction [Line Items]
Rent expense	$ 2,000	1,600	$ 4,000	3,500
Western Airlines
Related Party Transaction [Line Items]
Net charter income (expense)	$ (400)	$ (300)	$ 800	$ 700

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Income from continuing operations	$ 28,853	$ 50,049	$ 75,254	$ 110,411
Less: Net income attributable to noncontrolling interest	(8,023)	(14,833)	(20,145)	(33,332)
Less: Preferred stock dividends	(2)	(1)	(2)	(1)
Net income available to Frank's International N.V. common shareholders	20,828	35,215	55,107	77,078
Income from continuing operations attributable to common shareholders	20,828	35,215	55,107	77,078
Add: Exchange of noncontrolling interest for common stock	7,664	11,776	17,602	26,336
Preferred stock dividends	2	1	2	1
Dilutive net income available to common shareholders	$ 28,494	$ 46,992	$ 72,711	$ 103,415
Denominator
Basic weighted average common shares	154,344	153,524	154,337	153,524
Exchange of noncontrolling interest for common stock (Note 11)	52,976	52,976	52,976	52,976
Restricted stock units	1,789	1,322	1,489	1,141
Stock to be issued pursuant to employee stock purchase plan	5	0	2	0
Diluted weighted average common shares	209,114	207,822	208,804	207,641
Earnings per common share:
Basic earnings per share (in dollars per share)	$ 0.14	$ 0.23	$ 0.36	$ 0.50
Diluted earnings per share (in dollars per share)	$ 0.14	$ 0.23	$ 0.35	$ 0.50
Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock	$ 359	$ 3,057	$ 2,543	$ 6,996

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate	26.90%	24.10%	22.50%	22.40%
U.S. statutory income tax rate	35.00%	35.00%	35.00%	35.00%

Severance and Other Charges (De

Severance and Other Charges (Details) $ in Thousands	Mar. 31, 2015USD ($)position	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Severance and other charges		$ 1,049	$ 0	$ 13,022	$ 0
Accelerated stock-based compensation expense		1,000		2,300
Restructuring Reserve [Roll Forward]
Beginning balance, March 31, 2015		11,973
Increase in accrual		27
Decrease in accrual		(1,345)
Severance and other payments		(3,829)
Ending balance, June 30, 2015	$ 11,973	6,826		6,826
Minimum
Restructuring Cost and Reserve [Line Items]
Expected number of positions eliminated | position	400
Maximum
Restructuring Cost and Reserve [Line Items]
Expected number of positions eliminated | position	600
Restructuring Charges
Restructuring Cost and Reserve [Line Items]
Severance and other charges		13,000		13,000
International Services
Restructuring Reserve [Roll Forward]
Beginning balance, March 31, 2015		372
Increase in accrual		0
Decrease in accrual		0
Severance and other payments		(187)
Ending balance, June 30, 2015	$ 372	185		185
U.S. Services
Restructuring Reserve [Roll Forward]
Beginning balance, March 31, 2015		10,743
Increase in accrual		0
Decrease in accrual		(1,345)
Severance and other payments		(2,757)
Ending balance, June 30, 2015	10,743	6,641		6,641
Tubular Sales
Restructuring Reserve [Roll Forward]
Beginning balance, March 31, 2015		858
Increase in accrual		27
Severance and other payments		(885)
Ending balance, June 30, 2015	$ 858	$ 0		$ 0

Segment Information - EBITDA Re

Segment Information - EBITDA Reconciliation (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)segment	Jun. 30, 2014USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			3
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	$ 80,004	$ 103,152	$ 180,294	$ 205,433
Interest income (expense), net	(31)	80	(23)	36
Income tax expense	(10,629)	(15,852)	(21,891)	(31,821)
Depreciation and amortization	(27,710)	(21,895)	(51,711)	(43,088)
(Loss) gain on sale of assets	(687)	(154)	(871)	87
Foreign currency gain (loss)	(2,767)	65	(1,234)	0
Stock-based compensation expense	8,278	15,347	16,288	20,236
Severance and other charges	(1,049)	0	(13,022)	0
Income from continuing operations	28,853	50,049	75,254	110,411
Operating segments | International Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	55,311	48,873	107,596	99,902
Operating segments | U.S. Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	16,684	44,968	61,577	86,846
Operating segments | Tubular Sales
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	7,978	9,311	11,097	18,685
Corporate and other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	$ 31	$ 0	$ 24	$ 0

Segment Information - Revenue f

Segment Information - Revenue from External Customers (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenue from External Customer [Line Items]
Total revenue	$ 254,304	$ 272,937	$ 531,741	$ 537,429
Adjusted EBITDA	80,004	103,152	180,294	205,433
Operating segments | International Services
Revenue from External Customer [Line Items]
Total revenue	122,640	129,456	246,841	248,041
Adjusted EBITDA	55,311	48,873	107,596	99,902
Operating segments | U.S. Services
Revenue from External Customer [Line Items]
Total revenue	78,418	105,564	187,704	209,319
Adjusted EBITDA	16,684	44,968	61,577	86,846
Operating segments | Tubular Sales
Revenue from External Customer [Line Items]
Total revenue	53,246	37,917	97,196	80,069
Adjusted EBITDA	7,978	9,311	11,097	18,685
Inter-segment
Revenue from External Customer [Line Items]
Total revenue	(17,417)	(25,429)	(37,599)	(46,766)
Inter-segment | International Services
Revenue from External Customer [Line Items]
Total revenue	229	230	606	371
Inter-segment | U.S. Services
Revenue from External Customer [Line Items]
Total revenue	6,644	5,624	14,558	10,724
Inter-segment | Tubular Sales
Revenue from External Customer [Line Items]
Total revenue	10,544	19,575	22,435	35,671
Corporate and other
Revenue from External Customer [Line Items]
Adjusted EBITDA	$ 31	$ 0	$ 24	$ 0