Expro (XPRO) 10-K 29 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Feb. 25, 2016	Jun. 30, 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-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		155,332,241
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 651.2
Entity Well-known Seasoned Issuer	No

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 602,359	$ 489,354
Accounts receivables, net	246,191	390,977
Inventories	161,263	204,008
Other current assets	13,923	23,080
Total current assets	1,023,736	1,107,419
Property, plant and equipment, net	624,959	580,142
Goodwill and intangible assets, net	25,210	14,163
Other assets	52,933	56,957
Total assets	1,726,838	1,758,681
Current liabilities:
Current portion of long-term debt	7,321	304
Accounts payable	12,784	16,496
Deferred revenue	57,637	76,112
Accrued and other current liabilities	111,884	114,227
Total current liabilities	189,626	207,139
Deferred tax liabilities	40,257	35,321
Other non-current liabilities	44,824	42,980
Total liabilities	$ 274,707	$ 285,440
Commitments and contingencies
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; 155,661,150 shares issued and 155,146,338 shares outstanding at December 31, 2015 and 154,571,229 shares issued and 154,327,383 outstanding at December 31, 2014	2,045	2,033
Additional paid-in capital	712,486	683,611
Retained earnings	531,621	545,357
Accumulated other comprehensive income (loss)	(25,555)	(14,210)
Treasury shares (at cost), 514,812 and 243,846 at December 31, 2015 and 2014	(9,298)	(4,801)
Total stockholders' equity	1,211,299	1,211,990
Noncontrolling interest	240,127	260,546
Total equity	1,451,426	1,472,536
Total liabilities and equity	$ 1,726,838	$ 1,758,681

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - € / shares	Dec. 31, 2015	Dec. 31, 2014
Series A Preferred Stock
Preferred stock, par value (in 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, share outstanding	52,976,000	52,976,000
Common Stock
Common stock, par value (in EUR per share)	€ 0.01	€ 0.01
Common stock, shares authorized	745,120,000	745,120,000
Common stock, shares issued	155,661,150	154,571,229
Common stock, shares outstanding	155,146,338	154,327,383
Treasury Stock
Treasury stock, shares	514,812	243,846

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Equipment rentals and services	$ 766,252	$ 969,703	$ 902,960
Products	208,348	182,929	174,762
Total revenue	974,600	1,152,632	1,077,722
Cost of revenues, exclusive of depreciation and amortization
Equipment rentals and services	304,473	369,855	310,244
Products	113,918	110,126	124,092
General and administrative expenses	270,678	267,378	224,755
Depreciation and amortization	108,962	90,041	78,082
Severance and other charges	35,484	0	0
Change in value of contingent consideration	(1,532)	0	0
(Gain) loss on sale of assets	(1,038)	289	(122)
Operating income	143,655	314,943	340,671
Other income (expense):
Other income	5,791	6,735	9,460
Interest income (expense), net	341	87	(653)
Foreign currency loss	(6,358)	(17,041)	(2,556)
Total other income (expense)	(226)	(10,219)	6,251
Income from continuing operations before income tax expense	143,429	304,724	346,922
Income tax expense	37,319	75,412	38,727
Income from continuing operations	106,110	229,312	308,195
Income from discontinued operations, net of tax	0	0	42,635
Net income	106,110	229,312	350,830
Net income attributable to noncontrolling interest	27,000	70,275	95,368
Net income attributable to Frank's International N.V.	79,110	159,037	255,462
Preferred stock dividends	(2)	(1)	0
Net income attributable to Frank's International N.V. common shareholders	$ 79,108	$ 159,036	$ 255,462
Basic earnings per common share:
Continuing operations (in dollars per share)	$ 0.51	$ 1.03	$ 1.69
Discontinued operations (in dollars per share)	0	0	0.24
Total (in dollars per share)	0.51	1.03	1.93
Diluted earnings per common share:
Continuing operations (in dollars per share)	0.50	1.03	1.62
Discontinued operations (in dollars per share)	0	0	0.23
Total (in dollars per share)	$ 0.50	$ 1.03	$ 1.85
Weighted average common shares outstanding:
Basic weighted average common shares (in shares)	154,662	153,814	132,257
Diluted weighted average common shares (in shares)	209,152	207,828	185,506

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 106,110	$ 229,312	$ 350,830
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	(14,039)	(11,104)	(11,240)
Unrealized gain (loss) on marketable securities, net of tax	(1,186)	(4,782)	3,658
Total other comprehensive income (loss)	(15,225)	(15,886)	(7,582)
Comprehensive income	90,885	213,426	343,248
Less: Comprehensive income attributable to noncontrolling interest	23,120	66,216	93,423
Comprehensive income attributable to Frank's International N.V.	$ 67,765	$ 147,210	$ 249,825

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interest	Mosing Holdings, Inc.	Mosing Holdings, Inc.Retained Earnings	Mosing Holdings, Inc.Noncontrolling Interest
Balance at beginning of period (in shares) at Dec. 31, 2012		119,024,000
Balance at beginning of period at Dec. 31, 2012	$ 446,988	$ 1,561	$ 651	$ 327,436	$ 3,254	$ 0	$ 114,086
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	350,830			255,462	0		95,368
Distributions to noncontrolling interest	(11,496)						(11,496)	$ (50,319)	$ (37,412)	$ (12,907)
Capital contribution by NCI equity holders to subsidiary	3,002						3,002
Issuance of common stock upon IPO, net of offering costs (in shares)		34,500,000
Issuance of common stock upon IPO, net of offering costs	711,511	$ 458	634,239				76,814
Foreign currency translation adjustments	(11,240)				(8,357)		(2,883)
Unrealized gain (loss) on marketable securities	3,658				2,720		938
Distributions to stockholders	(105,367)			(78,340)			(27,027)
Stock-based compensation expense	7,220		7,220
Common stock dividends ($0.075, $0.45 and $0.60 years ended December 31, 2013, December 31, 2014 and December 31, 2015)	(11,514)			(11,514)
Other	54		54
Balance at end of period (in shares) at Dec. 31, 2013		153,524,000
Balance at end 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	229,312			159,037			70,275
Tax benefits due to offering costs	3,093		3,093
Distributions to noncontrolling interest	(41,565)						(41,565)
Foreign currency translation adjustments	(11,104)				(8,266)		(2,838)
Unrealized gain (loss) on marketable securities	(4,782)				(3,561)		(1,221)
Stock-based compensation expense	38,368		38,368
Common stock dividends ($0.075, $0.45 and $0.60 years ended December 31, 2013, December 31, 2014 and December 31, 2015)	(69,311)			(69,311)
Preferred stock dividends	(1)			(1)
Common shares issued upon vesting of restricted stock units (in shares)		1,047,000
Common shares issued upon vesting of restricted stock units, value		$ 14	(14)
Treasury shares withheld (in shares)		(244,000)
Treasury shares withheld	(4,801)					(4,801)
Balance at end of period (in shares) at Dec. 31, 2014		154,327,000
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	106,110			79,110			27,000
Distributions to noncontrolling interest	(43,539)						(43,539)
Foreign currency translation adjustments	(14,039)				(10,462)		(3,577)
Unrealized gain (loss) on marketable securities	(1,186)				(883)		(303)
Stock-based compensation expense	28,402		28,402
Amount withheld for employee stock purchase plan (ESPP)	198		198
Common stock dividends ($0.075, $0.45 and $0.60 years ended December 31, 2013, December 31, 2014 and December 31, 2015)	(92,844)			(92,844)
Preferred stock dividends	$ (2)			(2)
Common shares issued upon vesting of restricted stock units (in shares)		1,070,000
Common shares issued upon vesting of restricted stock units, value		$ 12	(12)
Common shares issued for ESPP (in shares)	20,291	20,000
Common shares issued for ESPP	$ 287		287
Treasury shares withheld (in shares)		(271,000)
Treasury shares withheld	(4,497)					(4,497)
Balance at end of period (in shares) at Dec. 31, 2015		155,146,000
Balance at end of period at Dec. 31, 2015	$ 1,451,426	$ 2,045	$ 712,486	$ 531,621	$ (25,555)	$ (9,298)	$ 240,127

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in dollars per share)	$ 0.60	$ 0.45	$ 0.075

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities
Net income	$ 106,110	$ 229,312	$ 350,830
Adjustments to reconcile net income to cash provided by operating activities
Depreciation and amortization	108,962	90,041	78,226
Stock-based compensation expense	28,402	38,368	7,220
ESPP expense	198	0	0
Amortization of deferred financing costs	164	235	129
Venezuelan currency devaluation charge	0	13,010	1,755
Deferred tax provision	4,868	27,995	3,621
Provision for (recovery of) bad debts	228	(3,137)	12,551
(Gain) loss on sale of assets	(1,038)	289	(39,752)
Changes in fair value of marketable securities	741	(1,403)	(3,891)
Change in value of contingent consideration	(1,532)	0	0
Unrealized gain on derivative	(210)	0	0
Increase in value of life insurance policies	0	0	(815)
Other	(3,909)	0	0
Changes in operating assets and liabilities
Accounts receivable	140,657	(43,349)	(82,032)
Inventories	41,502	(30,282)	(85,654)
Other current assets	16,981	(7,926)	(1,698)
Other assets	1,333	(1,619)	(1,430)
Accounts payable	(3,035)	4,991	(5,278)
Deferred revenue	(18,473)	13,505	39,437
Accrued expenses and other current liabilities	3,971	32,915	(2,744)
Other noncurrent liabilities	1,838	5,915	6,956
Net cash provided by operating activities	427,758	368,860	277,431
Cash flows from investing activities
Acquisition of Timco Services, Inc. (net of acquired cash)	(78,676)	0	0
Purchase of property, plant and equipment	(99,723)	(172,952)	(184,504)
Proceeds from sale of assets	4,579	848	50,959
Purchase of marketable securities	(869)	(1,539)	(1,813)
Premiums on life insurance policies	0	0	(2,142)
Net cash used in investing activities	(174,689)	(173,643)	(137,500)
Cash flows from financing activities
Proceeds from initial public offering, net of offering costs	0	0	711,511
Repayments of borrowings	(765)	(72)	(472,070)
Proceeds from borrowings	151	0	170
Deferred financing costs	0	0	(1,000)
Dividends paid on common stock	(92,844)	(69,311)	(11,514)
Dividends paid on preferred stock	(2)	(1)	0
Distribution to noncontrolling interest	(43,539)	(41,565)	(11,496)
Treasury shares withheld	(4,497)	(4,801)	0
Proceeds from the issuance of ESPP shares	287	0	0
Distributions to stockholders	0	0	(105,367)
Net cash provided by (used in) financing activities	(141,209)	(115,750)	110,234
Effect of exchange rate changes on cash due to Venezuelan devaluation	0	(1,040)	575
Effect of exchange rate changes on cash	1,145	5,980	1,262
Net increase in cash	113,005	84,407	252,002
Cash and cash equivalents at beginning of period	489,354	404,947	152,945
Cash and cash equivalents at end of period	$ 602,359	$ 489,354	$ 404,947

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies 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 years ended December 31, 2015 , 2014 and 2013 include the activities of Frank's International C.V. ("FICV") and its wholly owned subsidiaries (collectively, "Company," "we," "us" and "our"). All intercompany accounts and transactions have been eliminated for purposes of preparing these consolidated financial statements. Our accompanying consolidated financial statements and related financial information have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP"). In the opinion of management, the consolidated financial statements reflect all adjustments and reclassifications consisting solely of normal accruals that are necessary for the fair presentation of financial results as of and for the periods presented. The consolidated financial statements have been prepared on a historical cost basis using the United States dollar as the reporting currency. 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. Significant Accounting Policies Accounting Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure 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. Actual results could differ from these estimates. Accounts Receivable We establish an allowance for doubtful accounts based on various factors including historical experience, the current aging status of our customer accounts, the financial condition of our customers and the business and political environment in which our customers operate. Provisions for doubtful accounts are recorded when it becomes probable that customer accounts are uncollectible. Cash and Cash Equivalents We consider all highly liquid financial instruments purchased with an original maturity of three months or less to be cash equivalents. Throughout the year, we have cash balances in excess of federally insured limits deposited with various financial institutions. We have not experienced any losses in such accounts and believe we are not exposed to any significant credit risk on cash and cash equivalents. Comprehensive Income Accounting standards on reporting comprehensive income require that certain items, including foreign currency translation adjustments and unrealized gains and losses on marketable securities be presented as components of comprehensive income. The cumulative amounts recognized by us under these standards are reflected in the consolidated balance sheet as accumulated other comprehensive income, a component of stockholders’ equity. Contingencies Certain conditions may exist as of the date our consolidated financial statements are issued that may result in a loss to us, but which will only be resolved when one or more future events occur or fail to occur. Our management, with input from legal counsel, assesses such contingent liabilities, and such assessment inherently involves an exercise in judgment. In assessing loss contingencies related to legal proceedings pending against us or unasserted claims that may result in proceedings, our management, with input from legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates it is probable a material loss has been incurred and the amount of liability can be estimated, then the estimated liability would be accrued in our consolidated financial statements. If the assessment indicates a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, is disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Derivative Financial Instruments When we deem appropriate, we use foreign currency forward derivative contracts to mitigate the risk of fluctuations in foreign currency exchange rates. We use these instruments to mitigate our exposure to non-local currency working capital. We do not hold or issue financial instruments for trading or other speculative purposes. We account for our derivative activities under the provisions of accounting guidance for derivatives and hedging. Derivatives are recognized on the consolidated balance sheet at fair value. Although the derivative contracts will serve as an economic hedge of the cash flow of our currency exchange risk exposure, they are not formally designated as hedge contracts for hedge accounting treatment. Accordingly, any changes in the fair value of the derivative instruments during a period will be included in our consolidated statements of income. Earnings Per Share Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities to issue common stock were exercised or converted to common stock. Fair Value of Financial Instruments Our financial instruments consist primarily of cash and cash equivalents, trade accounts receivable, available-for-sale securities, derivative financial instruments, obligations under trade accounts payable and short and long-term debt. Due to their short-term nature, the carrying values for cash and cash equivalents, trade accounts receivable and trade accounts payable approximate fair value. Refer to Note 11 for the fair values of our available-for-sale securities, derivative financial instruments, and other obligations. Foreign Currency Translations and Transactions Results of operations for foreign subsidiaries with functional currencies other than the U.S. dollar are translated using average exchange rates during the period. Assets and liabilities of these foreign subsidiaries are translated using the exchange rates in effect at the balance sheet dates. Gains and losses resulting from these translations are included in accumulated other comprehensive income within stockholders’ equity. For those foreign subsidiaries that have designated the U.S. dollar as the functional currency, gains and losses resulting from balance sheet remeasurement of foreign operations are included in the consolidated statements of income as incurred. Gains and losses resulting from transactions denominated in a foreign currency are also included in the consolidated statements of income as incurred. Goodwill Goodwill is not subject to amortization and is tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. A qualitative assessment is allowed to determine if goodwill is potentially impaired. The qualitative assessment determines whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount. If it is more likely than not that the fair value of the reporting unit is less than the carrying amount, then the two step impairment test is performed. First, the fair value of each reporting unit is compared to its carrying value to determine whether an indication of impairment exists. If impairment is indicated, then the fair value of the reporting unit’s goodwill is determined by allocating the unit’s fair value to its assets and liabilities (including any unrecognized intangible assets) as if the reporting unit had been acquired in a business combination. The amount of impairment for goodwill is measured as the excess of its carrying value over its fair value. We complete our assessment of goodwill impairment as of December 31 each year. No impairment was recorded for years ended December 31, 2015 , 2014 and 2013 . Our goodwill is allocated to our operating segments as follows: U.S. Services - approximately $16.3 million ; Tubular Sales - approximately $2.4 million . The inputs used in the determination of fair value are generally level 3 inputs. See Note 11 in these Notes to Consolidated Financial Statements for a discussion of fair value measures. Impairment of Long-Lived Assets Long-lived assets, which include property, plant and equipment, and certain other assets to be held and used by us, are reviewed when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable based on estimated future cash flows. If this assessment indicates that the carrying values will not be recoverable, as determined based on undiscounted cash flows over the remaining useful lives, an impairment loss is recognized based on fair value of the asset. Income Taxes We operate under many legal forms in approximately 60 countries. As a result, we are subject to many U.S. and foreign tax jurisdictions and many tax agreements and treaties among the various taxing authorities. Our operations in these different jurisdictions are taxed on various bases such as income before taxes, deemed profits (which is generally determined using a percentage of revenues rather than profits), and withholding taxes based on revenues. Determination of taxable income in any jurisdiction requires the interpretation of the related tax laws and regulations and the use of estimates and assumptions regarding significant future events. Changes in tax laws, regulations, agreements and treaties, foreign currency exchange restrictions, or our level of operations or profitability in each taxing jurisdiction could have an impact upon the amount of income taxes that we provide during any given year. FICV is treated as a partnership for U.S. federal income tax purposes and its domestic subsidiaries are classified as limited liability companies not subject to federal or state income taxation. As a partner in FICV, we are subject to U.S. taxation on our allocable share of U.S. taxable income and the noncontrolling member will pay taxes with respect to its allocable share of U.S. taxable income. We provide for income tax expense based on the liability method of accounting for income taxes based on the authoritative accounting guidance. Deferred tax assets and liabilities are recorded based upon temporary differences between the tax basis of assets and liabilities and their carrying values for financial reporting purposes, and are measured using the enacted marginal rates and laws that will be in effect when the differences are expected to reverse. Deferred tax expense or benefit is the result of changes in deferred tax assets and liabilities during the period. The impact of an uncertain tax position taken or expected to be taken on an income tax return is recognized in the financial statements at the largest amount that is more likely than not to be sustained upon examination by the relevant taxing authority. Intangible Assets Intangible assets are comprised of licenses, customer relationships, trade names, and non-compete agreements. Identifiable intangible assets are amortized using the straight-line method over the estimated useful lives of the assets. We evaluate impairment of our intangible assets on an individual basis whenever circumstances indicate that the carrying value may not be recoverable. Intangible assets deemed to be impaired are written down to their fair value discounted cash flows and, if available, comparable market values. The following table provides information related to our intangible assets as of December 31, 2015 and 2014 (in thousands): December 31, 2015 Gross Carrying Amount Accumulated Amortization Total Customer relationships $ 14,658 $ (9,422 ) $ 5,236 Non-compete agreement 1,160 (440 ) 720 Trade name 3,525 (2,925 ) 600 License agreement 4,957 (4,957 ) — Total intangible assets $ 24,300 $ (17,744 ) $ 6,556 December 31, 2014 Gross Carrying Amount Accumulated Amortization Total Customer relationships $ 8,498 $ (8,498 ) $ — Non-compete agreement 200 (200 ) — Trade name 2,725 (2,725 ) — License agreement 4,957 (4,536 ) 421 Total intangible assets $ 16,380 $ (15,959 ) $ 421 Amortization expense for intangibles assets was $ 1.8 million , $ 0.7 million and $ 0.8 million for the years ended December 31, 2015, 2014 and 2013, respectively. As of December 31, 2015, estimated amortization expense for the intangible assets for each of the next five years was as follows (in thousands): 2016 $ 1,819 2017 1,819 2018 1,379 2019 1,232 2020 307 Total $ 6,556 Inventories Inventories are stated at the lower of cost (primarily average cost) or market value. Work in progress and finished goods include the cost of materials, labor, and manufacturing overhead. Inventory placed in service is either capitalized and included in equipment or expensed based upon our capitalization policies. Marketable Securities Our marketable securities in publicly traded equity securities as an indirect result of strategic investments are classified as available-for-sale and are reported at fair value. See Note 8-Other Assets. The marketable securities are held within a Rabbi Trust for the purpose of paying future executive deferred compensation benefit obligations. Unrealized gains and losses are reported as a component of stockholders’ equity. Realized gains and losses on marketable securities are included in other income on our consolidated statements of income, net when realized. Any impairment loss to reduce an investment’s carrying amount to its fair market value is recognized in income when a decline in the fair market value of an individual security below its cost or carrying value is determined to be other than temporary. Realized gains (losses) on investments were $(0.7) million , $1.4 million and $3.9 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Expenditures for significant improvements and betterments are capitalized when they enhance or extend the useful life of the asset. Expenditures for routine repairs and maintenance, which do not improve or extend the life of the related assets, are expensed when incurred. When properties or equipment are sold, retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the books and the resulting gain or loss is recognized on the consolidated statements of income. Depreciation on fixed assets is computed using the straight-line method over the estimated useful lives of the individual assets. Leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the lease term. The depreciation of fixed assets recorded under capital lease agreements is included in depreciation expense. Revenue Recognition All revenue is recognized when all of the following criteria have been met: (1) evidence of an arrangement exists; (2) delivery to and acceptance by the customer has occurred; (3) the price to the customer is fixed or determinable; and (4) collectability is reasonably assured, as follows: Services Revenue. We provide tubular services to clients in the oil and gas industry. We perform services either under direct service purchase orders or master service agreements. Service revenue is recognized when services have been performed or rendered. Rental Revenue. We design and manufacture a suite of highly technical equipment and products that we rent to our customers in connection with providing our services, including high-end, proprietary tubular handling equipment. We rent our products either under direct rental agreements or with customers with rental agreements in place. Revenue from rental agreements is recognized as earned over the rental period. For customers contracted under direct service purchase orders and direct rental agreements, an accrual is recorded in unbilled accounts receivable for revenue earned but not yet invoiced. Tubular Sales Revenue. Revenue on tubular sales is recognized when the product has shipped and significant risks of ownership have passed to the customer. The sales arrangements typically do not include right of return or other similar provisions or other post-delivery obligations. In some regions, customers have a right of return due to purchasing of excess products and deliverability limitations of products in remote locations. When the likelihood of a return exists on a sale, a determination of this portion of revenue is reclassified to deferred revenue until such time as the product is returned or the return period has expired. Some of our tubular sales customers have requested that we store pipe and connectors purchased from us in our facilities. We considered whether revenue should be recognized on these sales under the “bill and hold” guidance provided by the SEC Staff; however, based upon the assessment performed, revenue recognition on these transactions totaling $57.6 million and $76.1 million was deferred at December 31, 2015 and 2014 , respectively. Stock-Based Compensation Our 2013 Long-Term Incentive Plan provides for the granting of stock options, stock appreciation rights (“SARs”), restricted stock, restricted stock units ("RSUs"), dividend equivalent rights and other types of equity and cash incentive awards to employees, non-employee directors and service providers. Stock-based compensation expense is measured at the grant date of the share-based awards based on their value and is recognized on a straight-line basis over the vesting period, net of an estimated forfeiture rate and is included in general and administrative expense in the consolidated statements of income. Our stock-based compensation currently consists of RSUs. The grant date fair value of the RSUs, which are not entitled to receive dividends until vested, is measured by reducing the share price at that date by the present value of the dividends expected to be paid during the requisite vesting period, discounted at the appropriate risk-free interest rate. 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 January 2016, the FASB issued accounting guidance on the recognition and measurement of financial assets and financial liabilities. Under this guidance, equity investments will be measured at fair value with changes in fair value recognized in net income. The guidance requires public businesses to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes and requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. The guidance also eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The guidance is not applicable to equity investments accounted for under the equity method of accounting. The guidance is effective for interim and annual periods beginning after December 15, 2017. Management does not believe the adoption will have a material impact on our consolidated financial statements. In November 2015, the FASB issued accounting guidance on the classification and presentation of deferred taxes. The guidance eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. The guidance requires all deferred tax assets and liabilities be classified as noncurrent. The guidance is effective for interim and annual periods beginning after December 15, 2016 with early adoption permitted. The amendments in this guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We adopted this guidance on December 31, 2015 and the adoption did not have a material impact on our consolidated financial statements. 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 amended 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. In August 2015, additional guidance was provided to address the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. The SEC staff stated that it would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. We adopted this guidance during 2015 and the adoption did not have an 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	12 Months Ended
	Dec. 31, 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): Year Ended December 31, 2015 2014 2013 Net income $ 106,110 $ 229,312 $ 350,830 Add: Provision for income taxes of FINV (1) 6,585 45,433 20,750 Less: (Income) loss in FINV (2) (6,824 ) (392 ) 224 Net income subject to noncontrolling interest 105,871 274,353 371,804 Noncontrolling interest percentage (3) 25.4 % 25.6 % 25.7 % Net income attributable to noncontrolling interest $ 27,000 $ 70,275 $ 95,368 (1) Represents income tax expense of entities outside of FICV as well as income tax 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.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On June 14, 2013, we sold a component of our Tubular Sales segment, which manufactured centralizers for sales to third parties, and recognized a gain on sale of $39.6 million , which is included in income from discontinued operations on the consolidated statements of income. As a result, for the year ended December 31, 2013 , the operations from that component have been reported as discontinued operations. The following table presents the results of discontinued operations (in thousands): Year Ended December 31, 2013 Revenues $ 7,554 Income from discontinued operations $ 3,036 Gain on sale of discontinued operations 39,629 Income from discontinued operations before income taxes 42,665 Income tax expense 30 Net income from discontinued operations $ 42,635 The major classes of assets and liabilities as of June 14, 2013, which were included in the disposition were as follows (in thousands): Accounts receivable, net $ 1,968 Inventory 4,905 Prepaid and other current assets 53 Property, plant and equipment 2,260 Goodwill 1,497 Total assets $ 10,683 Total liabilities $ 312 Cash flows from discontinued operations are included with cash flows from continuing operations in the consolidated statements of cash flows for the year ended December 31, 2013 .

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 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 FICV closed on a transaction, which was an immaterial acquisition, 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, which is revalued each quarter as discussed in Note 11 - Fair Value Measurements. As of December 31, 2015 , the contingent consideration had a fair value of approximately $ 7.0 thousand . In addition, 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 11 - 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 was finalized during the fourth quarter of 2015. In connection with the Timco acquisition, we acquired intangible assets in the amount of $ 7.9 million related to customer relationships, trade names and non-compete clauses. The intangible assets will be amortized over their estimated useful lives. Amortization expense for the intangible assets for the Timco acquisition was $ 1.4 million for the year ended December 31, 2015 .

Accounts Receivable, net

Accounts Receivable, net	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Accounts Receivable, net	Accounts Receivable, net Accounts receivable at December 31, 2015 and 2014 were as follows (in thousands): December 31, 2015 2014 Trade accounts receivable, net of allowance of $2,528 and $2,477, respectively $ 166,256 $ 291,140 Unbilled receivables 40,033 62,993 Taxes receivable 34,163 32,056 Affiliated (1) 3,966 3,370 Other receivables 1,773 1,418 Total accounts receivable $ 246,191 $ 390,977 (1) Amounts represent expenditures on behalf of non-consolidated affiliates and receivables for aircraft charter income.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at December 31, 2015 and 2014 were as follows (in thousands): December 31, 2015 2014 Pipe and connectors $ 137,245 $ 185,076 Finished goods 4,020 4,291 Work in progress 5,230 3,363 Raw materials, components and supplies 14,768 11,278 Total inventories $ 161,263 $ 204,008

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 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 December 31, 2015 and 2014 (in thousands): Estimated Useful Lives December 31, in Years 2015 2014 Land and land improvements (1) 8 - 15 $ 19,408 $ 21,804 Buildings and improvements 39 74,152 69,827 Rental machinery and equipment 7 898,134 763,722 Machinery and equipment - other 7 60,250 64,648 Furniture, fixtures and computers 5 18,240 17,915 Automobiles and other vehicles 5 48,402 37,417 Aircraft 7 16,267 14,868 Leasehold improvements 7-15, or lease term if shorter 7,947 6,353 Construction in progress - machinery and equipment and buildings — 102,432 114,308 1,245,232 1,110,862 Less: Accumulated depreciation (620,273 ) (530,720 ) Total property, plant and equipment, net $ 624,959 $ 580,142 (1) The estimated useful life presented is only land improvements. Land does not have a depreciable life. Depreciation expense was approximately $107.2 million , $89.4 million and $77.3 million for the years ended December 31, 2015 , 2014 and 2013 , respectively.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets at December 31, 2015 and 2014 consisted of the following (in thousands): December 31, 2015 2014 Marketable securities held in Rabbi Trust (1) $ 45,254 $ 45,126 Deferred tax asset 536 1,507 Deposits 2,031 4,043 Other 5,112 6,281 Total other assets $ 52,933 $ 56,957 (1) See Note 11 – Fair Value Measurements

Accrued and Other Current Liabi

Accrued and Other Current Liabilities	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued and Other Current Liabilities	Accrued and Other Current Liabilities Accrued and other current liabilities at December 31, 2015 and 2014 consisted of the following (in thousands): December 31, 2015 2014 Accrued compensation $ 25,281 $ 35,097 Accrued property and other taxes 23,790 32,190 Accrued severance and other charges 22,244 — Income taxes 7,385 3,362 Accrued inventory 5,281 6,235 Accrued medical claims 4,141 3,218 Accrued purchase orders 5,562 8,081 Other 18,200 26,044 Total accrued and other current liabilities $ 111,884 $ 114,227

Debt

Debt	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt	Debt Credit Facility 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 our credit agreement, we have the ability to increase the commitments under the Credit Facility by $150.0 million . At December 31, 2015 and 2014 , we did not have any outstanding indebtedness under the Credit Facility. In addition, we had $4.7 million in letters of credit outstanding as of December 31, 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 the 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 December 31, 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 (as defined in our credit agreement). AFCO Credit Corporation - Insurance Notes Payable In 2015, we entered into a note to finance annual insurance premiums for $ 7.6 million . The note bears interest at an annual rate of 1.9% and will mature in October 2016. At December 31, 2015, the total outstanding balance was $ 6.9 million .

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 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 (exit price). 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 December 31, 2015 and 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 December 31, 2015 Assets: Derivative financial instruments $ — $ 210 $ — $ 210 Investments available-for-sale: Marketable securities - deferred compensation plan $ — $ 45,254 $ — $ 45,254 Marketable securities - other 2,387 — — 2,387 Liabilities: Marketable securities - deferred compensation plan — 43,568 — 43,568 Contingent consideration — — 7 7 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 derivative financial instruments consist of short-duration foreign currency forward contracts. The fair value of derivative financial instruments is based on quoted market values including foreign exchange forward rates and interest rates. The fair value is computed by discounting the projected future cash flow amounts to present value. The derivative financial instruments are included in accounts receivable, net in our consolidated balance sheets. Our investments associated with our deferred compensation plan consist of marketable securities that are held in the form of investments in mutual funds within 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 and investments 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 4) 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: December 31, 2015 Assumptions: Rig count volatility 1.85 % Cost of debt 5.31 % 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, which changed as a result of the significant reduction in the rig count forecast. The contingent consideration is classified as Level 3 in the fair value hierarchy (in thousands): Significant Unobservable Beginning balance, December 31, 2014 $ — Issuance of contingent consideration 1,539 Change in value of contingent consideration (1,532 ) Ending Balance, December 31, 2015 $ 7 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. There were no non-recurring measurements during the periods presented. 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 approximate fair values due to their short maturities.

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives In December 2015, we began entering into short-duration foreign currency forward derivative contracts to reduce the risk of foreign currency fluctuations. We use these instruments to mitigate our exposure to non-local currency operating working capital. We record these contracts at fair value on our consolidated balance sheets. Although the derivative contracts will serve as an economic hedge of the cash flow of our currency exchange risk exposure, they are not formally designated as hedge contracts for hedge accounting treatment. Accordingly, any changes in the fair value of the derivative instruments during a period will be included in our consolidated statements of income. As of December 31, 2015 we had the following foreign currency derivative contracts outstanding in U.S. Dollars (in thousands): December 31, 2015 Notional Contractual Settlement Derivative Contracts Amount Exchange Rate Date Canadian dollar $ 5,091 1.3751 1/13/16 Euro 19,706 1.0948 1/13/16 Norwegian kroner 11,498 8.6973 1/13/16 Pound sterling 7,516 1.5031 1/13/16 The following table summarizes the location and fair value amounts of all derivative contracts in the consolidated balance sheets as of December 31, 2015 (in thousands): Derivatives not designated as Hedging Instruments Consolidated Balance Sheet Location December 31, 2015 Foreign currency contracts Accounts receivable, net $ 210 The following table summarize the location and amounts of the unrealized gains on derivative contracts in the consolidated income statement as of December 31, 2015 (in thousands): Derivatives not designated as Hedging Instruments Location of gain recognized in income on derivative contracts December 31, 2015 Unrealized gain on foreign currency contracts Other income $ 210 Our derivative transactions are governed through International Swaps and Derivatives Association ("ISDA") master agreements. These agreements include stipulations regarding the right of offset in the event that we or our counterparty default on our performance obligations. If a default were to occur, both parties have the right to net amounts payable and receivable into a single net settlement between parties. Our accounting policy is to offset derivative assets and liabilities executed with the same counterparty when a master netting arrangement exists. The following table presents the gross and net fair values of our derivatives as of December 31, 2015 (in thousands): December 31, 2015 Netting Adjustments Derivative Asset Positions Derivative Liability Positions Gross position - asset / (liability) $ 316 $ (106 ) Netting adjustment (106 ) 106 Net position - asset / (liability) $ 210 $ —

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Preferred Stock	Preferred Stock At December 31, 2015 and 2014 , we had 52,976,000 shares of Series A preferred stock, par value €0.01 per share (the "Preferred Stock") issued and outstanding, 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. The preferred dividend of $1,506 for the year ended December 31, 2014 was paid on June 30, 2015. We expect to pay the annual dividend for the year ended December 31, 2015 in May 2016. 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 the conversion will decrease the noncontrolling interest in our financial statements that is attributable to MHI's interest in FICV. As of December 31, 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	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Treasury Stock	Treasury Stock At December 31, 2015 , common shares held in treasury totaled 514,812 with a cost of $9.3 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	12 Months Ended
	Dec. 31, 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 $7.6 million , $7.4 million and $5.8 million for the years ended December 31, 2015 , 2014 and 2013 , 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. Prior to our initial public offering (the "IPO"), we had entered agreements, whereby we leased the aircraft as needed for a rental fee per hour and reimbursed WA for a management fee and hangar rental. The rental fees exceeded the reimbursement costs and we recorded net charter income. Subsequent to the 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 charged block hours monthly. In 2015, we amended the agreements to reflect both dry lease and wet lease rental, whereby we are charged a flat monthly fee and earn charter income from third party usage. We recorded net charter expense of $2.0 million and $1.5 million for the years ended December 31, 2015 and 2014 , respectively, and net charter income of $1.0 million for the year ended December 31, 2013 . 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 December 31, 2015 , the estimated termination payment would be approximately $45.5 million (calculated using a discount rate of 5.67% ). 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	12 Months Ended
	Dec. 31, 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 ESPP 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): Year Ended December 31, 2015 2014 2013 Numerator - Basic Income from continuing operations $ 106,110 $ 229,312 $ 308,195 Less: Net income attributable to noncontrolling interest (27,000 ) (70,275 ) (95,368 ) Discontinued operations attributable to noncontrolling interest — — 10,935 Less: Preferred stock dividends (2 ) (1 ) — Income from continuing operations attributable to common shareholders 79,108 159,036 223,762 Income from discontinued operations attributable to FINV — — 31,700 Net income available to common shareholders $ 79,108 $ 159,036 $ 255,462 Numerator - Diluted Income from continuing operations attributable to common shareholders $ 79,108 $ 159,036 $ 223,762 Add: Net income attributable to noncontrolling interest (1) 24,784 54,866 77,106 Add: Preferred stock dividends 2 1 — Diluted income from continuing operations applicable to common shareholders 103,894 213,903 300,868 Income from discontinued operations attributable to FINV — — 42,635 Dilutive net income available to common shareholders $ 103,894 $ 213,903 $ 343,503 Denominator Basic weighted average common shares 154,662 153,814 132,257 Exchange of noncontrolling interest for common stock (Note 13) 52,976 52,976 52,976 Restricted stock units 1,512 1,038 273 Stock to be issued pursuant to ESPP 2 — — Diluted weighted average common shares 209,152 207,828 185,506 Basic earnings per common share: Continuing operations $ 0.51 $ 1.03 $ 1.69 Discontinued operations — — 0.24 Total $ 0.51 $ 1.03 $ 1.93 Diluted earnings per common share: Continuing operations $ 0.50 $ 1.03 $ 1.62 Discontinued operations — — 0.23 Total $ 0.50 $ 1.03 $ 1.85 (1) Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock $ 2,216 $ 15,409 $ 7,327

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation 2013 Long-Term Incentive Plan Under our 2013 Long-Term Incentive Plan (the “LTIP”), stock options, SARs, restricted stock, restricted stock units, dividend equivalent rights and other types of equity and cash incentive awards may be granted to employees, non-employee directors and service providers. The LTIP expires after 10 years, unless prior to that date the maximum number of shares available for issuance under the plan has been issued or our board of directors terminates the plan. There are 20,000,000 shares of common stock reserved for issuance under the LTIP. As of December 31, 2015 , 16,038,580 shares remained available for issuance. Restricted Stock Units Upon completion of the IPO and pursuant to the LTIP, we began granting restricted stock units. Substantially all RSUs granted under the LTIP vest ratably over a period of two to three years. Certain restricted stock unit awards provide for accelerated vesting for qualifying terminations of employment or service. Employees granted RSUs are not entitled to dividends declared on the underlying shares while the restricted stock unit is unvested. As such, the grant date fair value of the award is measured by reducing the grant date price of our common stock by the present value of the dividends expected to be paid on the underlying shares during the requisite service period, discounted at the appropriate risk-free interest rate. The weighted average grant date fair value of RSUs granted during the years ended December 31, 2015 , 2014 and 2013 was $14.6 million , $3.1 million and $74.1 million , respectively. Compensation expense is recognized ratably over the vesting period. As of December 31, 2015 , we assumed no annual forfeiture rate because of our lack of turnover and history for this type of award. Stock-based compensation expense relating to RSUs included in general and administrative expenses on the consolidated statements of income for the years ended December 31, 2015 , 2014 and 2013 was $26.1 million , $38.4 million and $7.2 million , respectively. An additional $ 2.3 million of stock-based compensation expense was recorded in severance and other charges as a result of our reduction efforts mentioned in Note 20, bringing the total stock-based compensation expense recorded to $ 28.4 million for the year ended December 31, 2015. Unamortized stock compensation expense as of December 31, 2015 relating to RSUs totaled approximately $15.1 million which will be expensed over a weighted average period of 1.29 years. Non-vested RSUs outstanding as of December 31, 2015 and the changes during the year were as follows: Weighted Number of Average Grant Shares Date Fair Value Non-vested at December 31, 2014 2,577,237 $ 20.98 Granted 932,202 15.71 Vested (1,069,630 ) 20.94 Forfeited (80,436 ) 19.91 Non-vested at December 31, 2015 2,359,373 $ 18.95 Employee Stock Purchase Plan In connection with the completion of our IPO, we adopted the Frank's International N.V. ESPP, which became effective January 1, 2015. Under the ESPP, eligible employees have the right to purchase shares of common stock at the lesser of (i) 85% of the last reported sale price of our common stock on the last trading date immediately preceding the first day of the option period, or (ii) 85% of the last reported sale price of our common stock on the last trading date immediately preceding the last day of the option period. The ESPP is intended to qualify as an employee stock purchase plan under Section 423 of the Internal Revenue Code. We have reserved three million shares of our common stock for issuance under the ESPP. Shares of our common stock issued to our employees under the ESPP totaled 20,291 shares in 2015 . For the year ended December 31, 2015 , we recognized $ 0.2 million of compensation expense related to stock purchased under the ESPP. In January 2016 , we issued 28,454 shares of our common stock to our employees under this plan to satisfy the employee purchase period from July 1, 2015 to December 31, 2015 , which increased our common stock outstanding. There are currently 2,951,255 shares available under this plan.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2015
Postemployment Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans U.S. Benefit Plans 401(k) Savings and Investment Plan . Frank's International, LLC administers a 401(k) savings and investment plan (the “Plan”) as part of the employee benefits package. Employees were required to complete six months of service before becoming eligible to participate in the Plan. On October 1, 2015, the Plan was amended to change the service period to one month . Under the terms of the Plan, we match 75% of employee contributions up to $3,000 annually. Our matching contributions to the Plan totaled $3.4 million , $3.5 million and $2.9 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. Executive Deferred Compensation Plan . In December 2004, we and certain affiliates adopted the Frank’s Executive Deferred Compensation Plan (“EDC Plan”). The purpose of the EDC Plan is to provide participants with an opportunity to defer receipt of a portion of their salary, bonus, and other specified cash compensation. Participant contributions are immediately vested. Our contributions vest after five years of service. All participant benefits under this EDC Plan shall be paid directly from the general funds of the applicable participating subsidiary or a grantor trust, commonly referred to as a Rabbi Trust, created for the purpose of informally funding the EDC Plan, and other than such Rabbi Trust, no special or separate fund shall be established and no other segregation of assets shall be made to assure payment. The assets of our EDC Plan’s trust are invested in a corporate owned split-dollar life insurance policy and an amalgamation of mutual funds (See Note 8). We recorded compensation expense related to the vesting of the Company’s contribution of $1.9 million , $2.3 million and $2.1 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. The total liability recorded at December 31, 2015 and 2014 , related to the EDC Plan was $43.6 million and $43.0 million , respectively, and was included in other noncurrent liabilities on the consolidated balance sheets. Foreign Benefit Plans We sponsor certain benefit plans as dictated by host country law. We recorded expense related to foreign benefit plans of $5.5 million , $6.6 million and $4.4 million for the years ended December 31, 2015 , 2014 and 2013 , respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income from continuing operations before income tax expense was comprised of the following for the periods indicated (in thousands): Year Ended December 31, 2015 2014 2013 United States $ 30,795 $ 144,756 $ 177,244 Foreign 112,634 159,968 169,678 Income from continuing operations before income tax expense $ 143,429 $ 304,724 $ 346,922 Income taxes have been provided for based upon the tax laws and rates in the countries in which operations are conducted and income is earned. Components of income tax expense consist of the following for the periods indicated (in thousands): Year Ended December 31, 2015 2014 2013 Current U.S. federal $ 3,141 $ 19,152 $ 9,367 U.S. state and local (1,424 ) 2,663 630 Foreign 30,734 25,602 25,052 Total current 32,451 47,417 35,049 Deferred U.S. federal 8,138 20,521 10,696 U.S. state and local (3,042 ) 3,357 833 Foreign (228 ) 4,117 (7,851 ) Total deferred 4,868 27,995 3,678 Total income tax expense $ 37,319 $ 75,412 $ 38,727 Foreign taxes were incurred in the following regions for the periods indicated (in thousands): Year Ended December 31, 2015 2014 2013 Latin America $ 6,077 $ 2,301 $ (4,171 ) West Africa 8,413 11,247 8,789 Middle East 5,474 8,630 4,765 Europe 3,317 1,690 1,842 Asia Pacific 1,454 2,032 2,732 Other 5,771 3,819 3,244 Total foreign income tax expense $ 30,506 $ 29,719 $ 17,201 A reconciliation of the differences between the income tax provision computed at the U.S. statutory rate and the reported provision for income taxes for the periods indicated is as follows (in thousands): Year Ended December 31, 2015 2014 2013 Income tax expense at statutory rate $ 54,854 $ 116,557 $ 133,565 Benefit of pass through entity status — — (41,644 ) Taxes on foreign earnings at less than the U.S statutory rate (12,569 ) (31,468 ) (48,154 ) Noncontrolling interest (2,991 ) (14,116 ) (6,869 ) Other (1,975 ) 4,439 1,829 Total income tax expense $ 37,319 $ 75,412 $ 38,727 A reconciliation using the Netherlands statutory rate was not provided as there are no significant operations in the Netherlands. Deferred tax assets and liabilities are recorded for the anticipated future tax effects of temporary differences between the financial statement basis and tax basis of our assets and liabilities using the applicable tax rates in effect at year-end. A valuation allowance is recorded when it is not more likely than not that some or all of the benefit from the deferred tax asset will be realized. Significant components of deferred tax assets and liabilities are as follows (in thousands): December 31, 2015 2014 Deferred tax assets Current Other $ — $ 7 Noncurrent Other 296 1,696 Property and equipment 240 187 Valuation allowance — (376 ) Total deferred tax assets 536 1,514 Deferred tax liabilities Current Other — (417 ) Noncurrent Investment in partnership (39,962 ) (35,182 ) Other (295 ) (139 ) Total deferred liabilities (40,257 ) (35,738 ) Net deferred tax liabilities $ (39,721 ) $ (34,224 ) Undistributed earnings of certain of our foreign subsidiaries amounted to approximately $500.0 million at December 31, 2015 . It is our intention to permanently reinvest undistributed earnings and profits from the subsidiaries of the consolidated companies’ operations that have been generated through December 31, 2015 and future plans do not demonstrate a need to repatriate the foreign amounts to fund parent company activity. As of December 31, 2015 and 2014 , we have total gross unrecognized tax benefits of $0.1 million and $ 0.3 million , respectively. Substantially all of the uncertain tax positions, if recognized in the future, would impact our effective tax rate. We have elected to classify interest and penalties incurred on income taxes as income tax expense. We file income tax returns in various international tax jurisdictions. As of December 31, 2015 , the tax years 2009 through 2015 remain open to examination in the major foreign taxing jurisdictions to which we are subject. We are currently under audit by the Internal Revenue Service for the tax period ending June 30, 2014. We do not expect any material adjustments resulting from this audit.

Severance and Other Charges

Severance and Other Charges	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Severance and Other Charges	Severance and Other Charges During 2015, we executed a workforce reduction plan as part of our cost savings initiatives due to depressed oil and gas prices. The reduction was communicated to affected employees on various dates. The plan resulted in a reduction of approximately 800 employees. On January 5, 2016, we announced the transition of our Chairman of the board of supervisory directors (who also held the role of Executive Chairman of the company) to a non-executive director of the supervisory board effective as of December 31, 2015. We recorded expenses of approximately $35.5 million for the year ended December 31, 2015 , which included cash severance payments, accelerated vesting of RSU grants for certain individuals and other employee-related termination costs as well as base rationalization and lease termination fees. These costs are reflected in our consolidated statements of income under severance and other charges. As of December 31, 2015, we had a $ 22.2 million liability. Below is a reconciliation of the beginning and ending liability balance (in thousands): International Services U.S. Services Tubular Sales Total Beginning balance, December 31, 2014 $ — $ — $ — $ — Additions for costs expensed 1,500 32,838 1,146 35,484 Other adjustments — (87 ) 47 (40 ) Severance and other payments (1,422 ) (8,302 ) (1,193 ) (10,917 ) Reclass to equity for acceleration of RSU awards — (2,283 ) — (2,283 ) Ending balance, December 31, 2015 $ 78 $ 22,166 $ — $ 22,244 We expect to pay a significant portion of the remaining liability no later than the third quarter of 2016.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments We are committed under various noncancelable operating lease agreements primarily related to facilities and equipment that expire at various dates throughout the next several years. Future minimum lease commitments under noncancelable operating leases with initial or remaining terms of one year or more at December 31, 2015 , are as follows (in thousands): Year Ending December 31, 2016 $ 11,575 2017 9,773 2018 7,220 2019 3,870 2020 3,767 Thereafter 16,673 Total future lease commitments $ 52,878 Total rent expense incurred under operating leases was $19.6 million , $17.2 million , and $12.9 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. 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 reasonable estimated. As of December 31, 2015 , we had no material accruals for loss contingencies, individually or in the aggregate. 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.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2015
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Supplemental cash flows and non-cash transactions were as follows for the periods indicated (in thousands): Year Ended December 31, 2015 2014 2013 Cash paid for interest $ 180 $ 559 $ 1,542 Cash paid for income taxes 20,499 28,004 29,196 Non-cash transactions: Change in accounts payable related to capital expenditures $ (3,534 ) $ (3,479 ) $ 3,787 Insurance premium financed by note payable 7,630 — — Distribution of net assets to MHI — — 50,319

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 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 and sells large OD pipe originally manufactured by various pipe mills. 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. The operating results of the Tubular Sales component that was sold in June 2013 have been accounted for as discontinued operations and have been excluded from the segment results below. 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 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): Year Ended December 31, 2015 2014 2013 Segment Adjusted EBITDA: International Services $ 182,475 $ 231,469 $ 199,620 U.S. Services 93,871 180,575 198,442 Tubular Sales 40,999 38,366 40,624 Total 317,345 450,410 438,686 Corporate and other 96 (34 ) 53 Adjusted EBITDA Total 317,441 450,376 438,739 Interest income (expense), net 341 87 (653 ) Income tax expense (37,319 ) (75,412 ) (38,727 ) Depreciation and amortization (108,962 ) (90,041 ) (78,082 ) Gain on sale of assets 1,038 (289 ) 122 Foreign currency loss (6,358 ) (17,041 ) (2,556 ) Stock-based compensation expense (26,119 ) (38,368 ) (7,220 ) Severance and other costs (35,484 ) — — Change in value of contingent consideration 1,532 — — IPO transaction-related costs (1) — — (3,428 ) Income from continuing operations $ 106,110 $ 229,312 $ 308,195 (1) Represents charges incurred in connection with our IPO, primarily those amounts attributable to the restructuring in advance of the IPO. The following table sets 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 Year Ended December 31, 2015 Revenue from external customers $ 442,107 $ 326,437 $ 206,056 $ — $ 974,600 Inter-segment revenues 754 25,844 35,927 (62,525 ) — Adjusted EBITDA 182,475 93,871 40,999 96 317,441 Depreciation and amortization 58,163 46,548 4,251 — 108,962 Property, plant and equipment 288,089 248,153 88,717 — 624,959 Capital expenditures 42,772 28,881 28,070 — 99,723 Year Ended December 31, 2014 Revenue from external customers $ 537,259 $ 439,638 $ 175,735 $ — $ 1,152,632 Inter-segment revenues 1,471 23,734 64,542 (89,747 ) — Adjusted EBITDA 231,469 180,575 38,366 (34 ) 450,376 Depreciation and amortization 52,363 34,314 3,364 — 90,041 Property, plant and equipment 314,031 149,485 116,626 — 580,142 Capital expenditures 100,483 30,215 42,254 — 172,952 Year Ended December 31, 2013 Revenue from external customers $ 475,297 $ 434,940 $ 167,485 $ — $ 1,077,722 Inter-segment revenues 3,275 20,552 71,271 (95,098 ) — Adjusted EBITDA 199,620 198,442 40,624 53 438,739 Depreciation and amortization 41,177 33,102 3,803 — 78,082 Property, plant and equipment 278,452 132,502 100,245 — 511,199 Capital expenditures 97,120 56,586 30,798 — 184,504 The CODM does not review total assets by segment as part of the financial information provided; therefore, no asset information is provided in the above table. We are a Netherlands based company and we derive our revenue from services and product sales to clients primarily in the oil and gas industry. No single customer accounted for more than 10% of our revenue for the years ended December 31, 2015 , 2014 and 2013 . Geographic Areas Year Ended December 31, 2015 2014 2013 Revenue: United States $ 530,133 $ 573,773 $ 542,562 Europe/Middle East/Africa 314,173 385,064 310,603 Latin America 56,515 55,021 78,019 Asia Pacific 55,995 77,952 63,709 Other countries 17,784 60,822 82,829 $ 974,600 $ 1,152,632 $ 1,077,722 The revenue generated in The Netherlands was immaterial for the years ended December 31, 2015 , 2014 and 2013 . Other than the United States and Dubai, which had revenues of $ 140.4 million , no individual country represented more than 10% of our revenue for the year ended December 31, 2015 . Other than the United States, no individual country represented more than 10% of our revenue for each of the years ended December 31, 2014 and 2013 . December 31, 2015 2014 Long-Lived Assets (PP&E) United States $ 336,870 $ 266,111 International 288,089 314,031 $ 624,959 $ 580,142 Based on the unique nature of our operating structure, revenue generating assets are interchangeable between international countries and are not separately identifiable. Revenues from customers and long-lived assets in The Netherlands were insignificant in each of the years presented.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Quarterly Financial Data (Unaudited) Summarized quarterly financial data for the years ended December 31, 2015 and 2014 is set forth below (in thousands, except per share data). First Second Third Fourth Quarter Quarter Quarter Quarter Total 2015 Revenue $ 277,437 $ 254,304 $ 239,883 $ 202,976 $ 974,600 Operating income 55,035 41,309 39,097 8,214 143,655 Net income attributable to Frank's International N.V. 34,279 20,830 16,565 7,436 79,110 Earnings per common share: (1) Basic $ 0.22 $ 0.14 $ 0.11 $ 0.05 $ 0.51 Diluted $ 0.21 $ 0.14 $ 0.11 $ 0.04 $ 0.50 2014 Revenue $ 264,492 $ 272,937 $ 296,183 $ 319,020 $ 1,152,632 Operating income 74,069 62,838 86,273 91,763 314,943 Net income attributable to Frank's International N.V. 41,863 35,216 47,346 34,612 159,037 Earnings per common share: (1) Basic $ 0.27 $ 0.23 $ 0.31 $ 0.22 $ 1.03 Diluted $ 0.27 $ 0.23 $ 0.31 $ 0.22 $ 1.03 (1) The sum of the individual quarterly earnings per share amounts may not agree with year-to-date net income per common share as each quarterly computation is based on the weighted average number of common shares outstanding during that period.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Account	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Account	FRANK'S INTERNATIONAL N.V. Schedule II - Valuation and Qualifying Account (In thousands) Balance at Additions/ Balance at Beginning of Charged to End of Period Expense Deductions Other Period Year Ended December 31, 2015 Allowance for doubtful accounts $ 2,477 $ 570 $ (751 ) $ 232 $ 2,528 Year Ended December 31, 2014 Allowance for doubtful accounts $ 13,614 $ 1,062 $ (10,497 ) $ (1,702 ) $ 2,477 Year Ended December 31, 2013 Allowance for doubtful accounts $ 1,697 $ 12,050 $ — $ (133 ) $ 13,614

Basis of Presentation and Sig34

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements of FINV for the years ended December 31, 2015 , 2014 and 2013 include the activities of Frank's International C.V. ("FICV") and its wholly owned subsidiaries (collectively, "Company," "we," "us" and "our"). All intercompany accounts and transactions have been eliminated for purposes of preparing these consolidated financial statements. Our accompanying consolidated financial statements and related financial information have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP"). In the opinion of management, the consolidated financial statements reflect all adjustments and reclassifications consisting solely of normal accruals that are necessary for the fair presentation of financial results as of and for the periods presented. The consolidated financial statements have been prepared on a historical cost basis using the United States dollar as the reporting currency.
Accounting Estimates	Accounting Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure 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. Actual results could differ from these estimates.
Accounts Receivable	Accounts Receivable We establish an allowance for doubtful accounts based on various factors including historical experience, the current aging status of our customer accounts, the financial condition of our customers and the business and political environment in which our customers operate. Provisions for doubtful accounts are recorded when it becomes probable that customer accounts are uncollectible.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid financial instruments purchased with an original maturity of three months or less to be cash equivalents. Throughout the year, we have cash balances in excess of federally insured limits deposited with various financial institutions. We have not experienced any losses in such accounts and believe we are not exposed to any significant credit risk on cash and cash equivalents.
Comprehensive Income	Comprehensive Income Accounting standards on reporting comprehensive income require that certain items, including foreign currency translation adjustments and unrealized gains and losses on marketable securities be presented as components of comprehensive income. The cumulative amounts recognized by us under these standards are reflected in the consolidated balance sheet as accumulated other comprehensive income, a component of stockholders’ equity.
Contingencies	Contingencies Certain conditions may exist as of the date our consolidated financial statements are issued that may result in a loss to us, but which will only be resolved when one or more future events occur or fail to occur. Our management, with input from legal counsel, assesses such contingent liabilities, and such assessment inherently involves an exercise in judgment. In assessing loss contingencies related to legal proceedings pending against us or unasserted claims that may result in proceedings, our management, with input from legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates it is probable a material loss has been incurred and the amount of liability can be estimated, then the estimated liability would be accrued in our consolidated financial statements. If the assessment indicates a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, is disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.
Derivative Financial Instruments	Derivative Financial Instruments When we deem appropriate, we use foreign currency forward derivative contracts to mitigate the risk of fluctuations in foreign currency exchange rates. We use these instruments to mitigate our exposure to non-local currency working capital. We do not hold or issue financial instruments for trading or other speculative purposes. We account for our derivative activities under the provisions of accounting guidance for derivatives and hedging. Derivatives are recognized on the consolidated balance sheet at fair value. Although the derivative contracts will serve as an economic hedge of the cash flow of our currency exchange risk exposure, they are not formally designated as hedge contracts for hedge accounting treatment. Accordingly, any changes in the fair value of the derivative instruments during a period will be included in our consolidated statements of income.
Earnings Per Share	Earnings Per Share Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities to issue common stock were exercised or converted to common stock
Fair Value of Financial Instruments	Fair Value of Financial Instruments Our financial instruments consist primarily of cash and cash equivalents, trade accounts receivable, available-for-sale securities, derivative financial instruments, obligations under trade accounts payable and short and long-term debt. Due to their short-term nature, the carrying values for cash and cash equivalents, trade accounts receivable and trade accounts payable approximate fair value. Refer to Note 11 for the fair values of our available-for-sale securities, derivative financial instruments, and other obligations.
Foreign Currency Translations and Transactions	Foreign Currency Translations and Transactions Results of operations for foreign subsidiaries with functional currencies other than the U.S. dollar are translated using average exchange rates during the period. Assets and liabilities of these foreign subsidiaries are translated using the exchange rates in effect at the balance sheet dates. Gains and losses resulting from these translations are included in accumulated other comprehensive income within stockholders’ equity. For those foreign subsidiaries that have designated the U.S. dollar as the functional currency, gains and losses resulting from balance sheet remeasurement of foreign operations are included in the consolidated statements of income as incurred. Gains and losses resulting from transactions denominated in a foreign currency are also included in the consolidated statements of income as incurred.
Goodwill	Goodwill Goodwill is not subject to amortization and is tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. A qualitative assessment is allowed to determine if goodwill is potentially impaired. The qualitative assessment determines whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount. If it is more likely than not that the fair value of the reporting unit is less than the carrying amount, then the two step impairment test is performed. First, the fair value of each reporting unit is compared to its carrying value to determine whether an indication of impairment exists. If impairment is indicated, then the fair value of the reporting unit’s goodwill is determined by allocating the unit’s fair value to its assets and liabilities (including any unrecognized intangible assets) as if the reporting unit had been acquired in a business combination. The amount of impairment for goodwill is measured as the excess of its carrying value over its fair value.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets, which include property, plant and equipment, and certain other assets to be held and used by us, are reviewed when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable based on estimated future cash flows. If this assessment indicates that the carrying values will not be recoverable, as determined based on undiscounted cash flows over the remaining useful lives, an impairment loss is recognized based on fair value of the asset.
Income Taxes	Income Taxes We operate under many legal forms in approximately 60 countries. As a result, we are subject to many U.S. and foreign tax jurisdictions and many tax agreements and treaties among the various taxing authorities. Our operations in these different jurisdictions are taxed on various bases such as income before taxes, deemed profits (which is generally determined using a percentage of revenues rather than profits), and withholding taxes based on revenues. Determination of taxable income in any jurisdiction requires the interpretation of the related tax laws and regulations and the use of estimates and assumptions regarding significant future events. Changes in tax laws, regulations, agreements and treaties, foreign currency exchange restrictions, or our level of operations or profitability in each taxing jurisdiction could have an impact upon the amount of income taxes that we provide during any given year. FICV is treated as a partnership for U.S. federal income tax purposes and its domestic subsidiaries are classified as limited liability companies not subject to federal or state income taxation. As a partner in FICV, we are subject to U.S. taxation on our allocable share of U.S. taxable income and the noncontrolling member will pay taxes with respect to its allocable share of U.S. taxable income. We provide for income tax expense based on the liability method of accounting for income taxes based on the authoritative accounting guidance. Deferred tax assets and liabilities are recorded based upon temporary differences between the tax basis of assets and liabilities and their carrying values for financial reporting purposes, and are measured using the enacted marginal rates and laws that will be in effect when the differences are expected to reverse. Deferred tax expense or benefit is the result of changes in deferred tax assets and liabilities during the period. The impact of an uncertain tax position taken or expected to be taken on an income tax return is recognized in the financial statements at the largest amount that is more likely than not to be sustained upon examination by the relevant taxing authority.
Intangible Assets	Intangible Assets Intangible assets are comprised of licenses, customer relationships, trade names, and non-compete agreements. Identifiable intangible assets are amortized using the straight-line method over the estimated useful lives of the assets. We evaluate impairment of our intangible assets on an individual basis whenever circumstances indicate that the carrying value may not be recoverable. Intangible assets deemed to be impaired are written down to their fair value discounted cash flows and, if available, comparable market values.
Inventories	Inventories Inventories are stated at the lower of cost (primarily average cost) or market value. Work in progress and finished goods include the cost of materials, labor, and manufacturing overhead. Inventory placed in service is either capitalized and included in equipment or expensed based upon our capitalization policies
Marketable Securities	Marketable Securities Our marketable securities in publicly traded equity securities as an indirect result of strategic investments are classified as available-for-sale and are reported at fair value. See Note 8-Other Assets. The marketable securities are held within a Rabbi Trust for the purpose of paying future executive deferred compensation benefit obligations. Unrealized gains and losses are reported as a component of stockholders’ equity. Realized gains and losses on marketable securities are included in other income on our consolidated statements of income, net when realized. Any impairment loss to reduce an investment’s carrying amount to its fair market value is recognized in income when a decline in the fair market value of an individual security below its cost or carrying value is determined to be other than temporary.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Expenditures for significant improvements and betterments are capitalized when they enhance or extend the useful life of the asset. Expenditures for routine repairs and maintenance, which do not improve or extend the life of the related assets, are expensed when incurred. When properties or equipment are sold, retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the books and the resulting gain or loss is recognized on the consolidated statements of income. Depreciation on fixed assets is computed using the straight-line method over the estimated useful lives of the individual assets. Leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the lease term. The depreciation of fixed assets recorded under capital lease agreements is included in depreciation expense.
Revenue Recognition	Revenue Recognition All revenue is recognized when all of the following criteria have been met: (1) evidence of an arrangement exists; (2) delivery to and acceptance by the customer has occurred; (3) the price to the customer is fixed or determinable; and (4) collectability is reasonably assured, as follows: Services Revenue. We provide tubular services to clients in the oil and gas industry. We perform services either under direct service purchase orders or master service agreements. Service revenue is recognized when services have been performed or rendered. Rental Revenue. We design and manufacture a suite of highly technical equipment and products that we rent to our customers in connection with providing our services, including high-end, proprietary tubular handling equipment. We rent our products either under direct rental agreements or with customers with rental agreements in place. Revenue from rental agreements is recognized as earned over the rental period. For customers contracted under direct service purchase orders and direct rental agreements, an accrual is recorded in unbilled accounts receivable for revenue earned but not yet invoiced. Tubular Sales Revenue. Revenue on tubular sales is recognized when the product has shipped and significant risks of ownership have passed to the customer. The sales arrangements typically do not include right of return or other similar provisions or other post-delivery obligations. In some regions, customers have a right of return due to purchasing of excess products and deliverability limitations of products in remote locations. When the likelihood of a return exists on a sale, a determination of this portion of revenue is reclassified to deferred revenue until such time as the product is returned or the return period has expired. Some of our tubular sales customers have requested that we store pipe and connectors purchased from us in our facilities. We considered whether revenue should be recognized on these sales under the “bill and hold” guidance provided by the SEC Staff
Stock-Based Compensation	Stock-Based Compensation Our 2013 Long-Term Incentive Plan provides for the granting of stock options, stock appreciation rights (“SARs”), restricted stock, restricted stock units ("RSUs"), dividend equivalent rights and other types of equity and cash incentive awards to employees, non-employee directors and service providers. Stock-based compensation expense is measured at the grant date of the share-based awards based on their value and is recognized on a straight-line basis over the vesting period, net of an estimated forfeiture rate and is included in general and administrative expense in the consolidated statements of income. Our stock-based compensation currently consists of RSUs. The grant date fair value of the RSUs, which are not entitled to receive dividends until vested, is measured by reducing the share price at that date by the present value of the dividends expected to be paid during the requisite vesting period, discounted at the appropriate risk-free interest rate.
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 January 2016, the FASB issued accounting guidance on the recognition and measurement of financial assets and financial liabilities. Under this guidance, equity investments will be measured at fair value with changes in fair value recognized in net income. The guidance requires public businesses to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes and requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset. The guidance also eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The guidance is not applicable to equity investments accounted for under the equity method of accounting. The guidance is effective for interim and annual periods beginning after December 15, 2017. Management does not believe the adoption will have a material impact on our consolidated financial statements. In November 2015, the FASB issued accounting guidance on the classification and presentation of deferred taxes. The guidance eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. The guidance requires all deferred tax assets and liabilities be classified as noncurrent. The guidance is effective for interim and annual periods beginning after December 15, 2016 with early adoption permitted. The amendments in this guidance may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We adopted this guidance on December 31, 2015 and the adoption did not have a material impact on our consolidated financial statements. 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 amended 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. In August 2015, additional guidance was provided to address the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. The SEC staff stated that it would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. We adopted this guidance during 2015 and the adoption did not have an 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.

Basis of Presentation and Sig35

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule of Finite-Lived Intangible Assets	The following table provides information related to our intangible assets as of December 31, 2015 and 2014 (in thousands): December 31, 2015 Gross Carrying Amount Accumulated Amortization Total Customer relationships $ 14,658 $ (9,422 ) $ 5,236 Non-compete agreement 1,160 (440 ) 720 Trade name 3,525 (2,925 ) 600 License agreement 4,957 (4,957 ) — Total intangible assets $ 24,300 $ (17,744 ) $ 6,556 December 31, 2014 Gross Carrying Amount Accumulated Amortization Total Customer relationships $ 8,498 $ (8,498 ) $ — Non-compete agreement 200 (200 ) — Trade name 2,725 (2,725 ) — License agreement 4,957 (4,536 ) 421 Total intangible assets $ 16,380 $ (15,959 ) $ 421
Finite-lived Intangible Assets Amortization Expense	As of December 31, 2015, estimated amortization expense for the intangible assets for each of the next five years was as follows (in thousands): 2016 $ 1,819 2017 1,819 2018 1,379 2019 1,232 2020 307 Total $ 6,556

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	12 Months Ended
	Dec. 31, 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): Year Ended December 31, 2015 2014 2013 Net income $ 106,110 $ 229,312 $ 350,830 Add: Provision for income taxes of FINV (1) 6,585 45,433 20,750 Less: (Income) loss in FINV (2) (6,824 ) (392 ) 224 Net income subject to noncontrolling interest 105,871 274,353 371,804 Noncontrolling interest percentage (3) 25.4 % 25.6 % 25.7 % Net income attributable to noncontrolling interest $ 27,000 $ 70,275 $ 95,368 (1) Represents income tax expense of entities outside of FICV as well as income tax 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.

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	The following table presents the results of discontinued operations (in thousands): Year Ended December 31, 2013 Revenues $ 7,554 Income from discontinued operations $ 3,036 Gain on sale of discontinued operations 39,629 Income from discontinued operations before income taxes 42,665 Income tax expense 30 Net income from discontinued operations $ 42,635 The major classes of assets and liabilities as of June 14, 2013, which were included in the disposition were as follows (in thousands): Accounts receivable, net $ 1,968 Inventory 4,905 Prepaid and other current assets 53 Property, plant and equipment 2,260 Goodwill 1,497 Total assets $ 10,683 Total liabilities $ 312

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Accounts receivable at December 31, 2015 and 2014 were as follows (in thousands): December 31, 2015 2014 Trade accounts receivable, net of allowance of $2,528 and $2,477, respectively $ 166,256 $ 291,140 Unbilled receivables 40,033 62,993 Taxes receivable 34,163 32,056 Affiliated (1) 3,966 3,370 Other receivables 1,773 1,418 Total accounts receivable $ 246,191 $ 390,977 (1) Amounts represent expenditures on behalf of non-consolidated affiliates and receivables for aircraft charter income.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories at December 31, 2015 and 2014 were as follows (in thousands): December 31, 2015 2014 Pipe and connectors $ 137,245 $ 185,076 Finished goods 4,020 4,291 Work in progress 5,230 3,363 Raw materials, components and supplies 14,768 11,278 Total inventories $ 161,263 $ 204,008

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The following is a summary of property, plant and equipment at December 31, 2015 and 2014 (in thousands): Estimated Useful Lives December 31, in Years 2015 2014 Land and land improvements (1) 8 - 15 $ 19,408 $ 21,804 Buildings and improvements 39 74,152 69,827 Rental machinery and equipment 7 898,134 763,722 Machinery and equipment - other 7 60,250 64,648 Furniture, fixtures and computers 5 18,240 17,915 Automobiles and other vehicles 5 48,402 37,417 Aircraft 7 16,267 14,868 Leasehold improvements 7-15, or lease term if shorter 7,947 6,353 Construction in progress - machinery and equipment and buildings — 102,432 114,308 1,245,232 1,110,862 Less: Accumulated depreciation (620,273 ) (530,720 ) Total property, plant and equipment, net $ 624,959 $ 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)	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets at December 31, 2015 and 2014 consisted of the following (in thousands): December 31, 2015 2014 Marketable securities held in Rabbi Trust (1) $ 45,254 $ 45,126 Deferred tax asset 536 1,507 Deposits 2,031 4,043 Other 5,112 6,281 Total other assets $ 52,933 $ 56,957 (1) See Note 11 – Fair Value Measurements

Accrued and Other Current Lia42

Accrued and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued and other current liabilities at December 31, 2015 and 2014 consisted of the following (in thousands): December 31, 2015 2014 Accrued compensation $ 25,281 $ 35,097 Accrued property and other taxes 23,790 32,190 Accrued severance and other charges 22,244 — Income taxes 7,385 3,362 Accrued inventory 5,281 6,235 Accrued medical claims 4,141 3,218 Accrued purchase orders 5,562 8,081 Other 18,200 26,044 Total accrued and other current liabilities $ 111,884 $ 114,227

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities	A summary of financial assets and liabilities that are measured at fair value on a recurring basis, as of December 31, 2015 and 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 December 31, 2015 Assets: Derivative financial instruments $ — $ 210 $ — $ 210 Investments available-for-sale: Marketable securities - deferred compensation plan $ — $ 45,254 $ — $ 45,254 Marketable securities - other 2,387 — — 2,387 Liabilities: Marketable securities - deferred compensation plan — 43,568 — 43,568 Contingent consideration — — 7 7 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
Schedule of Assumptions	We used the following assumptions in the Monte Carlo simulation lattice option-pricing model: December 31, 2015 Assumptions: Rig count volatility 1.85 % Cost of debt 5.31 % Date of first contingent consideration payment December 31, 2016 Date of second contingent consideration payment June 30, 2017
Reconciliation of the Changes in Fair Value of Contingent Consideration Payable	The following table sets forth a reconciliation of the changes in the fair value of the contingent consideration payable, which changed as a result of the significant reduction in the rig count forecast. The contingent consideration is classified as Level 3 in the fair value hierarchy (in thousands): Significant Unobservable Beginning balance, December 31, 2014 $ — Issuance of contingent consideration 1,539 Change in value of contingent consideration (1,532 ) Ending Balance, December 31, 2015 $ 7

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Foreign Currency Derivative Contracts	As of December 31, 2015 we had the following foreign currency derivative contracts outstanding in U.S. Dollars (in thousands): December 31, 2015 Notional Contractual Settlement Derivative Contracts Amount Exchange Rate Date Canadian dollar $ 5,091 1.3751 1/13/16 Euro 19,706 1.0948 1/13/16 Norwegian kroner 11,498 8.6973 1/13/16 Pound sterling 7,516 1.5031 1/13/16
Schedule of Fair Value by Balance Sheet Location	The following table summarizes the location and fair value amounts of all derivative contracts in the consolidated balance sheets as of December 31, 2015 (in thousands): Derivatives not designated as Hedging Instruments Consolidated Balance Sheet Location December 31, 2015 Foreign currency contracts Accounts receivable, net $ 210
Impact of Derivative Instruments on the Income Statement	The following table summarize the location and amounts of the unrealized gains on derivative contracts in the consolidated income statement as of December 31, 2015 (in thousands): Derivatives not designated as Hedging Instruments Location of gain recognized in income on derivative contracts December 31, 2015 Unrealized gain on foreign currency contracts Other income $ 210
Offsetting Assets	The following table presents the gross and net fair values of our derivatives as of December 31, 2015 (in thousands): December 31, 2015 Netting Adjustments Derivative Asset Positions Derivative Liability Positions Gross position - asset / (liability) $ 316 $ (106 ) Netting adjustment (106 ) 106 Net position - asset / (liability) $ 210 $ —
Offsetting Liabilities	The following table presents the gross and net fair values of our derivatives as of December 31, 2015 (in thousands): December 31, 2015 Netting Adjustments Derivative Asset Positions Derivative Liability Positions Gross position - asset / (liability) $ 316 $ (106 ) Netting adjustment (106 ) 106 Net position - asset / (liability) $ 210 $ —

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 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): Year Ended December 31, 2015 2014 2013 Numerator - Basic Income from continuing operations $ 106,110 $ 229,312 $ 308,195 Less: Net income attributable to noncontrolling interest (27,000 ) (70,275 ) (95,368 ) Discontinued operations attributable to noncontrolling interest — — 10,935 Less: Preferred stock dividends (2 ) (1 ) — Income from continuing operations attributable to common shareholders 79,108 159,036 223,762 Income from discontinued operations attributable to FINV — — 31,700 Net income available to common shareholders $ 79,108 $ 159,036 $ 255,462 Numerator - Diluted Income from continuing operations attributable to common shareholders $ 79,108 $ 159,036 $ 223,762 Add: Net income attributable to noncontrolling interest (1) 24,784 54,866 77,106 Add: Preferred stock dividends 2 1 — Diluted income from continuing operations applicable to common shareholders 103,894 213,903 300,868 Income from discontinued operations attributable to FINV — — 42,635 Dilutive net income available to common shareholders $ 103,894 $ 213,903 $ 343,503 Denominator Basic weighted average common shares 154,662 153,814 132,257 Exchange of noncontrolling interest for common stock (Note 13) 52,976 52,976 52,976 Restricted stock units 1,512 1,038 273 Stock to be issued pursuant to ESPP 2 — — Diluted weighted average common shares 209,152 207,828 185,506 Basic earnings per common share: Continuing operations $ 0.51 $ 1.03 $ 1.69 Discontinued operations — — 0.24 Total $ 0.51 $ 1.03 $ 1.93 Diluted earnings per common share: Continuing operations $ 0.50 $ 1.03 $ 1.62 Discontinued operations — — 0.23 Total $ 0.50 $ 1.03 $ 1.85 (1) Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock $ 2,216 $ 15,409 $ 7,327

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Non-vested Restricted Stock Units	Non-vested RSUs outstanding as of December 31, 2015 and the changes during the year were as follows: Weighted Number of Average Grant Shares Date Fair Value Non-vested at December 31, 2014 2,577,237 $ 20.98 Granted 932,202 15.71 Vested (1,069,630 ) 20.94 Forfeited (80,436 ) 19.91 Non-vested at December 31, 2015 2,359,373 $ 18.95

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Income from continuing operations before income tax expense was comprised of the following for the periods indicated (in thousands): Year Ended December 31, 2015 2014 2013 United States $ 30,795 $ 144,756 $ 177,244 Foreign 112,634 159,968 169,678 Income from continuing operations before income tax expense $ 143,429 $ 304,724 $ 346,922 Income taxes have been provided for based upon the tax laws and rates in the countries in which operations are conducted and income is earned. Components of income tax expense consist of the following for the periods indicated (in thousands): Year Ended December 31, 2015 2014 2013 Current U.S. federal $ 3,141 $ 19,152 $ 9,367 U.S. state and local (1,424 ) 2,663 630 Foreign 30,734 25,602 25,052 Total current 32,451 47,417 35,049 Deferred U.S. federal 8,138 20,521 10,696 U.S. state and local (3,042 ) 3,357 833 Foreign (228 ) 4,117 (7,851 ) Total deferred 4,868 27,995 3,678 Total income tax expense $ 37,319 $ 75,412 $ 38,727
Schedule of Income before Income Tax, Domestic and Foreign	Foreign taxes were incurred in the following regions for the periods indicated (in thousands): Year Ended December 31, 2015 2014 2013 Latin America $ 6,077 $ 2,301 $ (4,171 ) West Africa 8,413 11,247 8,789 Middle East 5,474 8,630 4,765 Europe 3,317 1,690 1,842 Asia Pacific 1,454 2,032 2,732 Other 5,771 3,819 3,244 Total foreign income tax expense $ 30,506 $ 29,719 $ 17,201
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the differences between the income tax provision computed at the U.S. statutory rate and the reported provision for income taxes for the periods indicated is as follows (in thousands): Year Ended December 31, 2015 2014 2013 Income tax expense at statutory rate $ 54,854 $ 116,557 $ 133,565 Benefit of pass through entity status — — (41,644 ) Taxes on foreign earnings at less than the U.S statutory rate (12,569 ) (31,468 ) (48,154 ) Noncontrolling interest (2,991 ) (14,116 ) (6,869 ) Other (1,975 ) 4,439 1,829 Total income tax expense $ 37,319 $ 75,412 $ 38,727
Schedule of Deferred Tax Assets and Liabilities	A valuation allowance is recorded when it is not more likely than not that some or all of the benefit from the deferred tax asset will be realized. Significant components of deferred tax assets and liabilities are as follows (in thousands): December 31, 2015 2014 Deferred tax assets Current Other $ — $ 7 Noncurrent Other 296 1,696 Property and equipment 240 187 Valuation allowance — (376 ) Total deferred tax assets 536 1,514 Deferred tax liabilities Current Other — (417 ) Noncurrent Investment in partnership (39,962 ) (35,182 ) Other (295 ) (139 ) Total deferred liabilities (40,257 ) (35,738 ) Net deferred tax liabilities $ (39,721 ) $ (34,224 )

Severance and Other Charges (Ta

Severance and Other Charges (Tables)	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Cost	These costs are reflected in our consolidated statements of income under severance and other charges. As of December 31, 2015, we had a $ 22.2 million liability. Below is a reconciliation of the beginning and ending liability balance (in thousands): International Services U.S. Services Tubular Sales Total Beginning balance, December 31, 2014 $ — $ — $ — $ — Additions for costs expensed 1,500 32,838 1,146 35,484 Other adjustments — (87 ) 47 (40 ) Severance and other payments (1,422 ) (8,302 ) (1,193 ) (10,917 ) Reclass to equity for acceleration of RSU awards — (2,283 ) — (2,283 ) Ending balance, December 31, 2015 $ 78 $ 22,166 $ — $ 22,244

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease commitments under noncancelable operating leases with initial or remaining terms of one year or more at December 31, 2015 , are as follows (in thousands): Year Ending December 31, 2016 $ 11,575 2017 9,773 2018 7,220 2019 3,870 2020 3,767 Thereafter 16,673 Total future lease commitments $ 52,878

Supplemental Cash Flow Inform50

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2015
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flows and non-cash transactions were as follows for the periods indicated (in thousands): Year Ended December 31, 2015 2014 2013 Cash paid for interest $ 180 $ 559 $ 1,542 Cash paid for income taxes 20,499 28,004 29,196 Non-cash transactions: Change in accounts payable related to capital expenditures $ (3,534 ) $ (3,479 ) $ 3,787 Insurance premium financed by note payable 7,630 — — Distribution of net assets to MHI — — 50,319

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 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): Year Ended December 31, 2015 2014 2013 Segment Adjusted EBITDA: International Services $ 182,475 $ 231,469 $ 199,620 U.S. Services 93,871 180,575 198,442 Tubular Sales 40,999 38,366 40,624 Total 317,345 450,410 438,686 Corporate and other 96 (34 ) 53 Adjusted EBITDA Total 317,441 450,376 438,739 Interest income (expense), net 341 87 (653 ) Income tax expense (37,319 ) (75,412 ) (38,727 ) Depreciation and amortization (108,962 ) (90,041 ) (78,082 ) Gain on sale of assets 1,038 (289 ) 122 Foreign currency loss (6,358 ) (17,041 ) (2,556 ) Stock-based compensation expense (26,119 ) (38,368 ) (7,220 ) Severance and other costs (35,484 ) — — Change in value of contingent consideration 1,532 — — IPO transaction-related costs (1) — — (3,428 ) Income from continuing operations $ 106,110 $ 229,312 $ 308,195 (1) Represents charges incurred in connection with our IPO, primarily those amounts attributable to the restructuring in advance of the IPO.
Schedule of Segment Reporting Information, by Segment	The following table sets 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 Year Ended December 31, 2015 Revenue from external customers $ 442,107 $ 326,437 $ 206,056 $ — $ 974,600 Inter-segment revenues 754 25,844 35,927 (62,525 ) — Adjusted EBITDA 182,475 93,871 40,999 96 317,441 Depreciation and amortization 58,163 46,548 4,251 — 108,962 Property, plant and equipment 288,089 248,153 88,717 — 624,959 Capital expenditures 42,772 28,881 28,070 — 99,723 Year Ended December 31, 2014 Revenue from external customers $ 537,259 $ 439,638 $ 175,735 $ — $ 1,152,632 Inter-segment revenues 1,471 23,734 64,542 (89,747 ) — Adjusted EBITDA 231,469 180,575 38,366 (34 ) 450,376 Depreciation and amortization 52,363 34,314 3,364 — 90,041 Property, plant and equipment 314,031 149,485 116,626 — 580,142 Capital expenditures 100,483 30,215 42,254 — 172,952 Year Ended December 31, 2013 Revenue from external customers $ 475,297 $ 434,940 $ 167,485 $ — $ 1,077,722 Inter-segment revenues 3,275 20,552 71,271 (95,098 ) — Adjusted EBITDA 199,620 198,442 40,624 53 438,739 Depreciation and amortization 41,177 33,102 3,803 — 78,082 Property, plant and equipment 278,452 132,502 100,245 — 511,199 Capital expenditures 97,120 56,586 30,798 — 184,504
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area	Geographic Areas Year Ended December 31, 2015 2014 2013 Revenue: United States $ 530,133 $ 573,773 $ 542,562 Europe/Middle East/Africa 314,173 385,064 310,603 Latin America 56,515 55,021 78,019 Asia Pacific 55,995 77,952 63,709 Other countries 17,784 60,822 82,829 $ 974,600 $ 1,152,632 $ 1,077,722
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country	December 31, 2015 2014 Long-Lived Assets (PP&E) United States $ 336,870 $ 266,111 International 288,089 314,031 $ 624,959 $ 580,142

Quarterly Financial Data (Una52

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Summarized quarterly financial data for the years ended December 31, 2015 and 2014 is set forth below (in thousands, except per share data). First Second Third Fourth Quarter Quarter Quarter Quarter Total 2015 Revenue $ 277,437 $ 254,304 $ 239,883 $ 202,976 $ 974,600 Operating income 55,035 41,309 39,097 8,214 143,655 Net income attributable to Frank's International N.V. 34,279 20,830 16,565 7,436 79,110 Earnings per common share: (1) Basic $ 0.22 $ 0.14 $ 0.11 $ 0.05 $ 0.51 Diluted $ 0.21 $ 0.14 $ 0.11 $ 0.04 $ 0.50 2014 Revenue $ 264,492 $ 272,937 $ 296,183 $ 319,020 $ 1,152,632 Operating income 74,069 62,838 86,273 91,763 314,943 Net income attributable to Frank's International N.V. 41,863 35,216 47,346 34,612 159,037 Earnings per common share: (1) Basic $ 0.27 $ 0.23 $ 0.31 $ 0.22 $ 1.03 Diluted $ 0.27 $ 0.23 $ 0.31 $ 0.22 $ 1.03 (1) The sum of the individual quarterly earnings per share amounts may not agree with year-to-date net income per common share as each quarterly computation is based on the weighted average number of common shares outstanding during that period.

Basis of Presentation and Sig53

Basis of Presentation and Significant Accounting Policies - Additional Information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)country	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Basis of Presentation and Accounting Policies [Line Items]
Award requisite service period (years)		2 years
Prior period reclassification adjustment	$ 7,500,000
Goodwill impairment		$ 0	$ 0	$ 0
Goodwill		$ 25,210,000	14,163,000
Number of countries in which entity operates | country		60
Amortization expense for intangible assets		$ 1,800,000	700,000	800,000
Marketable securities, realized gains (losses)		(700,000)	1,400,000	$ 3,900,000
Deferred revenue		57,600,000	$ 76,100,000
U.S. Services
Basis of Presentation and Accounting Policies [Line Items]
Goodwill		16,300,000
Tubular Sales Segment
Basis of Presentation and Accounting Policies [Line Items]
Goodwill		$ 2,400,000

Basis of Presentation and Sig54

Basis of Presentation and Significant Accounting Policies - Schedule of Finite-Live Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 24,300	$ 16,380
Accumulated Amortization	(17,744)	(15,959)
Total	6,556	421
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	14,658	8,498
Accumulated Amortization	(9,422)	(8,498)
Total	5,236	0
Non-compete agreement
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,160	200
Accumulated Amortization	(440)	(200)
Total	720	0
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,525	2,725
Accumulated Amortization	(2,925)	(2,725)
Total	600	0
License agreement
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,957	4,957
Accumulated Amortization	(4,957)	(4,536)
Total	$ 0	$ 421

Basis of Presentation and Sig55

Basis of Presentation and Significant Accounting Policies - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
2,016	$ 1,819
2,017	1,819
2,018	1,379
2,019	1,232
2,020	307
Total	$ 6,556	$ 421

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Noncontrolling Interest [Line Items]
Net income	$ 106,110	$ 229,312	$ 350,830
Net income subject to noncontrolling interest	143,429	304,724	346,922
Net income attributable to noncontrolling interest	27,000	70,275	95,368
Frank's International C.V.
Noncontrolling Interest [Line Items]
Add: Provision for income taxes of FINV	6,585	45,433	20,750
Net income subject to noncontrolling interest	$ 105,871	$ 274,353	$ 371,804
Noncontrolling interest percentage	25.40%	25.60%	25.70%
Net income attributable to noncontrolling interest	$ 27,000	$ 70,275	$ 95,368
Frank's International N.V.
Noncontrolling Interest [Line Items]
Less: (Income) loss in FINV	$ (6,824)	$ (392)	$ 224

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	Jun. 14, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net income from discontinued operations		$ 0	$ 0	$ 31,700
Discontinued Operations, Disposed of by Sale | Tubular Sales Segment
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Revenues			7,554
Income from discontinued operations			3,036
Gain on sale of discontinued operations	$ 39,600		39,629
Income from discontinued operations before income taxes			42,665
Income tax expense			30
Net income from discontinued operations			$ 42,635
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Accounts receivable, net	1,968
Inventory	4,905
Prepaid and other current assets	53
Property, plant and equipment	2,260
Goodwill	1,497
Total assets	10,683
Total liabilities	$ 312

Acquisition (Details)

Acquisition (Details)	Apr. 01, 2015USD ($)payment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Business Acquisition [Line Items]
Goodwill		$ 25,210,000	$ 14,163,000
Amortization of intangible assets		1,800,000	$ 700,000	$ 800,000
Timco Services, Inc.
Business Acquisition [Line Items]
Cash payments to acquire business	$ 81,000,000
Tax reimbursement payment	8,000,000
Contingent consideration, maximum	$ 20,000,000
Number of contingent payments | payment	2
Amount of contingent payments	$ 10,000,000
Contingent consideration, liability		7,000
Goodwill	4,900,000
Finite-lived intangible assets acquired	$ 7,900,000
Amortization of intangible assets		$ 1,400,000

Accounts Receivable, net (Detai

Accounts Receivable, net (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivables, net	$ 246,191	$ 390,977
Unbilled receivables	40,033	62,993
Taxes Receivable	34,163	32,056
Affiliated	3,966	3,370
Other receivables	1,773	1,418
Trade accounts receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivables, net	166,256	291,140
Allowance for doubtful accounts	$ 2,528	$ 2,477

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Pipe and connectors	$ 137,245	$ 185,076
Finished goods	4,020	4,291
Work in progress	5,230	3,363
Raw materials, components and supplies	14,768	11,278
Total inventories	$ 161,263	$ 204,008

Property, Plant and Equipment61

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,245,232	$ 1,110,862
Less: Accumulated depreciation	(620,273)	(530,720)
Total property, plant and equipment, net	624,959	580,142	$ 511,199
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 19,408	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	$ 74,152	69,827
Rental machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 898,134	763,722
Machinery and equipment - other
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 60,250	64,648
Furniture, fixtures and computers
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	5 years
Property, plant and equipment, gross	$ 18,240	17,915
Automobiles and other vehicles
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	5 years
Property, plant and equipment, gross	$ 48,402	37,417
Aircraft
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 16,267	14,868
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 7,947	6,353
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	15 years
Construction in progress - machinery and equipment and buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 102,432	$ 114,308

Property, Plant and Equipment62

Property, Plant and Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 107.2	$ 89.4	$ 77.3

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Marketable securities held in Rabbi Trust	$ 45,254	$ 45,126
Deferred tax asset	536	1,507
Deposits	2,031	4,043
Other	5,112	6,281
Total other assets	$ 52,933	$ 56,957

Accrued and Other Current Lia64

Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Accrued compensation	$ 25,281	$ 35,097
Accrued property and other taxes	23,790	32,190
Accrued severance and other charges	22,244	0
Income taxes	7,385	3,362
Accrued inventory	5,281	6,235
Accrued medical claims	4,141	3,218
Accrued purchase orders	5,562	8,081
Other	18,200	26,044
Total accrued and other current liabilities	$ 111,884	$ 114,227

Debt (Details)

Debt (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Lines of credit | Credit Facilities
Line of Credit Facility [Line Items]
Line of credit facility, borrowing capacity increase limit	$ 150,000,000
Letters of credit, amount outstanding	$ 4,700,000
Lines of credit | Credit Facilities | Minimum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee (percent)	0.25%
Lines of credit | Credit Facilities | Maximum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee (percent)	0.375%
Lines of credit | Revolving Credit Facility | Credit Facilities
Line of Credit Facility [Line Items]
EBITDA to interest expense ratio, maximum (percent) (not more than)	250.00%
EBITDA to interest expense ratio, minimum (percent) (not less than)	300.00%
Lines of credit | Revolving Credit Facility | Credit Facilities | Federal Funds Effective Rate
Line of Credit Facility [Line Items]
Description of variable rate basis	Federal Funds Effective Rate
Basis spread on variable rate (percent)	0.50%
Lines of credit | Revolving Credit Facility | Credit Facilities | Eurodollar
Line of Credit Facility [Line Items]
Description of variable rate basis	Eurodollar rate
Fix spread on variable rate (percent)	1.00%
Lines of credit | Revolving Credit Facility | Credit Facilities | Eurodollar | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	1.50%
Variable spread on variable rate (percent)	0.50%
Lines of credit | Revolving Credit Facility | Credit Facilities | Eurodollar | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (percent)	2.50%
Variable spread on variable rate (percent)	1.50%
Lines of credit | Revolving Credit Facility | Revolving Credit Facility Maturing August 2018
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 100,000,000
Line of credit outstanding	0	$ 0
Lines of credit | Letter of Credit | Revolving Credit Facility Maturing August 2018
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	20,000,000
Lines of credit | Swing Line Loan | Revolving Credit Facility Maturing August 2018
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	10,000,000
Insurance Notes Payable | AFCO Credit Corporation Insurance Note Payable
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 7,600,000
Debt instrument, interest rate (percent)	1.90%
Total outstanding	$ 6,900,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	$ 210
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	210
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	210
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	0
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	45,254	$ 45,126
Liabilities, fair value	43,568	42,968
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
Liabilities, fair value	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	45,254	45,126
Liabilities, fair value	43,568	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
Liabilities, fair value	0	0
Fair Value, Measurements, Recurring | Marketable securities - other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,387	2,257
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	2,387	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
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value	7
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]
Liabilities, fair value	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]
Liabilities, fair value	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]
Liabilities, fair value	$ 7

Fair Value Measurements - Assum

Fair Value Measurements - Assumptions (Details)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Rig count volatility	1.85%
Cost of debt	5.31%

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of the Changes in Fair Value of Contingent Consideration Payable (Details) - Contingent consideration - Significant Unobservable Inputs (Level 3) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance, December 31, 2014	$ 0
Issuance of contingent consideration	1,539
Change in value of contingent consideration	(1,532)
Ending Balance, December 31, 2015	$ 7

Derivatives - Foreign Currency

Derivatives - Foreign Currency Derivative Contracts (Details) - Foreign Currency Forward - Not Designated as Hedging Instrument $ in Thousands	Dec. 31, 2015USD ($)$ / £$ / €$ / NOK$ / CAD
Canadian dollar
Derivative [Line Items]
Notional amount	$ 5,091
Contractual exchange rate | $ / CAD	1.3751
Euro
Derivative [Line Items]
Notional amount	$ 19,706
Contractual exchange rate | $ / €	1.0948
Norwegian kroner
Derivative [Line Items]
Notional amount	$ 11,498
Contractual exchange rate | $ / NOK	8.6973
Pound sterling
Derivative [Line Items]
Notional amount	$ 7,516
Contractual exchange rate | $ / £	1.5031

Derivatives - Fair Value by Bal

Derivatives - Fair Value by Balance Sheet Location (Details) $ in Thousands	Dec. 31, 2015USD ($)
Derivative [Line Items]
Derivative asset	$ 210
Foreign Currency Forward | Not Designated as Hedging Instrument | Accounts receivable, net
Derivative [Line Items]
Derivative asset	$ 210

Derivatives - Impact of Derivat

Derivatives - Impact of Derivative Instruments on Income Statement (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Not Designated as Hedging Instrument | Other income | Foreign Currency Forward
Derivative [Line Items]
Derivative, gain (loss) on derivative, net	$ 210

Derivatives - Gross and Net Fai

Derivatives - Gross and Net Fair Value of Derivatives (Details) $ in Thousands	Dec. 31, 2015USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross position - asset	$ 316
Netting adjustment	(106)
Net position - asset	210
Gross position - liability	(106)
Netting adjustment	106
Net position - liability	$ 0

Preferred Stock (Details)

Preferred Stock (Details) - Series A Preferred Stock	Jun. 30, 2015USD ($)	Dec. 31, 2015€ / sharesshares	Dec. 31, 2014€ / sharesshares
Class of Stock [Line Items]
Shares outstanding | shares		52,976,000	52,976,000
Par value per share, in EUR per share | € / shares		€ 0.01	€ 0.01
Preferred stock dividend rate (percent)		0.25%	0.25%
Dividends, preferred stock | $	$ 1,506

Treasury Stock (Details)

Treasury Stock (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Treasury stock	$ 9,298	$ 4,801
Treasury Stock
Class of Stock [Line Items]
Treasury stock, shares	514,812	243,846

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Rent expense	$ 19,600	$ 17,200	$ 12,900
Net charter income (expense)	$ 766,252	969,703	902,960
Percentage of tax benefits realized payable	85.00%
Percentage retained under tax receivable agreement	15.00%
Tax receivable agreement liability	$ 45,500
Tax receivable agreement liability, discount rate (percent)	5.67%
Affiliated Entity
Related Party Transaction [Line Items]
Rent expense	$ 7,600	7,400	5,800
Western Airlines
Related Party Transaction [Line Items]
Net charter income (expense)	$ (2,000)	$ (1,500)	$ 1,000

Earnings Per Common Share - Bas

Earnings Per Common Share - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Income from continuing operations									$ 106,110	$ 229,312	$ 308,195
Less: Net income attributable to noncontrolling interest									(27,000)	(70,275)	(95,368)
Discontinued operations attributable to noncontrolling interest									0	0	10,935
Less: Preferred stock dividends									(2)	(1)	0
Income from continuing operations attributable to common shareholders									79,108	159,036	223,762
Income from discontinued operations attributable to FINV									0	0	31,700
Net income attributable to Frank's International N.V. common shareholders									79,108	159,036	255,462
Income from continuing operations attributable to common shareholders									79,108	159,036	223,762
Add: Net income attributable to noncontrolling interest									24,784	54,866	77,106
Add: Preferred stock dividends									2	1	0
Diluted income from continuing operations applicable to common shareholders									103,894	213,903	300,868
Income from discontinued operations attributable to FINV									0	0	42,635
Dilutive net income available to common shareholders									$ 103,894	$ 213,903	$ 343,503
Denominator
Basic weighted average common shares (in shares)									154,662	153,814	132,257
Exchange of noncontrolling interest for common stock (in shares)									52,976	52,976	52,976
Restricted stock units (in shares)									1,512	1,038	273
Stock to be issued pursuant to ESPP (in shares)									2	0	0
Diluted weighted average common shares (in shares)									209,152	207,828	185,506
Basic earnings per common share:
Continuing operations (in dollars per share)									$ 0.51	$ 1.03	$ 1.69
Discontinued operations (in dollars per share)									0	0	0.24
Total (in dollars per share)	$ 0.05	$ 0.11	$ 0.14	$ 0.22	$ 0.22	$ 0.31	$ 0.23	$ 0.27	0.51	1.03	1.93
Diluted earnings per common share:
Continuing operations (in dollars per share)									0.50	1.03	1.62
Discontinued operations (in dollars per share)									0	0	0.23
Total (in dollars per share)	$ 0.04	$ 0.11	$ 0.14	$ 0.21	$ 0.22	$ 0.31	$ 0.23	$ 0.27	$ 0.50	$ 1.03	$ 1.85
Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock									$ 2,216	$ 15,409	$ 7,327

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ (28,400)
Restructuring reserve, reclass to equity, decrease		$ 2,283
Common shares issued for ESPP (in shares)		20,291
ESPP expense		$ 198	$ 0	$ 0
LTIP | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value		14,600	3,100	74,100
Unamortized stock compensation expense		$ 15,100
Compensation cost not yet recognized, period for recognition (years)		1 year 3 months 13 days
LTIP | Restricted Stock Units (RSUs) | General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ (26,100)	$ (38,400)	$ (7,200)
LTIP | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period (years)		10 years
Common stock, reserved for future issuance		20,000,000
Common stock, shares available for future issuance		16,038,580
LTIP | Minimum | Restricted Stock Units (RSUs) | Primary Vesting Category
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting		2 years
LTIP | Maximum | Restricted Stock Units (RSUs) | Primary Vesting Category
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting		3 years
Employee Stock Purchase Plan | ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares available for future issuance		2,951,255
Employee Stock Purchase Plan | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, reserved for future issuance		3,000,000
Fair market value at grant purchase price, percentage		85.00%
Fair market value at grant exercise price, percentage		85.00%
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares issued for ESPP (in shares)	28,454
U.S. Services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring reserve, reclass to equity, decrease		$ 2,283
U.S. Services | LTIP | Restricted Stock Units (RSUs) | Restructuring Charges [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring reserve, reclass to equity, decrease		$ 2,300

Stock-Based Compensation (Share

Stock-Based Compensation (Share Based RSU's) (Details) - Restricted Stock Units (RSUs)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested, Shares, Beginning Balance (in shares) | shares	2,577,237
Granted (in shares) | shares	932,202
Vested (in shares) | shares	(1,069,630)
Forfeited (in shares) | shares	(80,436)
Non-vested, Shares, Ending Balance (in shares) | shares	2,359,373
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Non-vested, Weighted Average Grant Date Fair Value, Beginning Balance (in dollars per share) | $ / shares	$ 20.98
Granted, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	15.71
Vested, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	20.94
Forfeited, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	19.91
Non-vested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ / shares	$ 18.95

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	Oct. 01, 2015	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period (years)	1 month	6 months
Maximum annual contributions per employee (percent)			75.00%
Maximum annual contributions per employee, amount (up to)			$ 3,000
Cost recognized			3,400,000	$ 3,500,000	$ 2,900,000
Foreign Benefit Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost recognized			$ 5,500,000	6,600,000	4,400,000
Executive Officer | Deferred Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period (years)			5 years
Deferred compensation expense			$ 1,900,000	2,300,000	$ 2,100,000
Deferred compensation liablity			$ 43,600,000	$ 43,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
United States	$ 30,795	$ 144,756	$ 177,244
Foreign	112,634	159,968	169,678
Income from continuing operations before income tax expense	143,429	304,724	346,922
Current
U.S. federal	3,141	19,152	9,367
U.S. state and local	(1,424)	2,663	630
Foreign	30,734	25,602	25,052
Total current	32,451	47,417	35,049
Deferred
U.S. federal	8,138	20,521	10,696
U.S. state and local	(3,042)	3,357	833
Foreign	(228)	4,117	(7,851)
Total deferred	4,868	27,995	3,678
Total income tax expense	37,319	75,412	38,727
Foreign Income Tax Expense (Benefit) [Abstract]
Total foreign income tax expense	30,506	29,719	17,201
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income tax expense at statutory rate	54,854	116,557	133,565
Benefit of pass through entity status	0	0	(41,644)
Taxes on foreign earnings at less than the U.S statutory rate	(12,569)	(31,468)	(48,154)
Noncontrolling interest	(2,991)	(14,116)	(6,869)
Other	(1,975)	4,439	1,829
Total income tax expense	37,319	75,412	38,727
Undistributed earnings of certain foreign subsidiaries	500,000
Unrecognized tax benefits	100	300
Latin America
Foreign Income Tax Expense (Benefit) [Abstract]
Total foreign income tax expense	6,077	2,301	(4,171)
West Africa
Foreign Income Tax Expense (Benefit) [Abstract]
Total foreign income tax expense	8,413	11,247	8,789
Middle East
Foreign Income Tax Expense (Benefit) [Abstract]
Total foreign income tax expense	5,474	8,630	4,765
Europe
Foreign Income Tax Expense (Benefit) [Abstract]
Total foreign income tax expense	3,317	1,690	1,842
Asia Pacific
Foreign Income Tax Expense (Benefit) [Abstract]
Total foreign income tax expense	1,454	2,032	2,732
Other
Foreign Income Tax Expense (Benefit) [Abstract]
Total foreign income tax expense	$ 5,771	$ 3,819	$ 3,244

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities, Net) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current
Other	$ 0	$ 7
Noncurrent
Other	296	1,696
Property and equipment	240	187
Valuation allowance	0	(376)
Total deferred tax assets	536	1,514
Current
Other	0	(417)
Noncurrent
Investment in partnership	(39,962)	(35,182)
Other	(295)	(139)
Total deferred liabilities	(40,257)	(35,738)
Net deferred tax liabilities	$ (39,721)	$ (34,224)

Severance and Other Charges (De

Severance and Other Charges (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)employee	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated | employee	800
Restructuring Reserve [Roll Forward]
Beginning balance, December 31, 2014	$ 0
Additions for costs expensed	35,484	$ 0	$ 0
Other adjustments	(40)
Severance and other payments	(10,917)
Reclass to equity for acceleration of RSU awards	(2,283)
Ending balance, December 31, 2015	22,244	0
International Services
Restructuring Reserve [Roll Forward]
Beginning balance, December 31, 2014	0
Additions for costs expensed	1,500
Other adjustments	0
Severance and other payments	(1,422)
Reclass to equity for acceleration of RSU awards	0
Ending balance, December 31, 2015	78	0
U.S. Services
Restructuring Reserve [Roll Forward]
Beginning balance, December 31, 2014	0
Additions for costs expensed	32,838
Other adjustments	(87)
Severance and other payments	(8,302)
Reclass to equity for acceleration of RSU awards	(2,283)
Ending balance, December 31, 2015	22,166	0
Tubular Sales
Restructuring Reserve [Roll Forward]
Beginning balance, December 31, 2014	0
Additions for costs expensed	1,146
Other adjustments	47
Severance and other payments	(1,193)
Reclass to equity for acceleration of RSU awards	0
Ending balance, December 31, 2015	$ 0	$ 0

Commitments and Contingencies83

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,016	$ 11,575
2,017	9,773
2,018	7,220
2,019	3,870
2,020	3,767
Thereafter	16,673
Total future lease commitments	52,878
Rent expense	$ 19,600	$ 17,200	$ 12,900

Supplemental Cash Flow Inform84

Supplemental Cash Flow Information - Non-Cash Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplemental Cash Flow Information [Abstract]
Cash paid for interest	$ 180	$ 559	$ 1,542
Cash paid for income taxes	20,499	28,004	29,196
Non-cash transactions:
Change in accounts payable related to capital expenditures	(3,534)	(3,479)	3,787
Insurance premium financed by note payable	7,630	0	0
Distribution of net assets to MHI	$ 0	$ 0	$ 50,319

Segment Information - (Narrativ

Segment Information - (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information - EBITDA Re

Segment Information - EBITDA Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	$ 317,441	$ 450,376	$ 438,739
Interest income (expense), net	341	87	(653)
Income tax expense	(37,319)	(75,412)	(38,727)
Depreciation and amortization	(108,962)	(90,041)	(78,082)
Gain on sale of assets	1,038	(289)	122
Foreign currency loss	(6,358)	(17,041)	(2,556)
Stock-based compensation expense	(26,119)	(38,368)	(7,220)
Severance and other costs	(35,484)	0	0
Change in value of contingent consideration	1,532	0	0
IPO transaction-related costs	0	0	(3,428)
Income from continuing operations	106,110	229,312	308,195
International Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Severance and other costs	(1,500)
U.S. Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Severance and other costs	(32,838)
Tubular Sales Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Severance and other costs	(1,146)
Operating segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	317,345	450,410	438,686
Operating segments | International Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	182,475	231,469	199,620
Depreciation and amortization	(58,163)	(52,363)	(41,177)
Operating segments | U.S. Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	93,871	180,575	198,442
Depreciation and amortization	(46,548)	(34,314)	(33,102)
Operating segments | Tubular Sales Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	40,999	38,366	40,624
Depreciation and amortization	(4,251)	(3,364)	(3,803)
Corporate, non-segment | Corporate and other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	96	(34)	53
Depreciation and amortization	$ 0	$ 0	$ 0

Segment Information - Revenue f

Segment Information - Revenue from External Customers (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue from External Customer [Line Items]
Revenues	$ 202,976	$ 239,883	$ 254,304	$ 277,437	$ 319,020	$ 296,183	$ 272,937	$ 264,492	$ 974,600	$ 1,152,632	$ 1,077,722
Adjusted EBITDA									317,441	450,376	438,739
Depreciation and amortization									108,962	90,041	78,082
Property, plant and equipment	624,959				580,142				624,959	580,142	511,199
Capital expenditures									99,723	172,952	184,504
Operating segments
Revenue from External Customer [Line Items]
Adjusted EBITDA									317,345	450,410	438,686
Operating segments | International Services
Revenue from External Customer [Line Items]
Revenues									442,107	537,259	475,297
Adjusted EBITDA									182,475	231,469	199,620
Depreciation and amortization									58,163	52,363	41,177
Property, plant and equipment	288,089				314,031				288,089	314,031	278,452
Capital expenditures									42,772	100,483	97,120
Operating segments | U.S. Services
Revenue from External Customer [Line Items]
Revenues									326,437	439,638	434,940
Adjusted EBITDA									93,871	180,575	198,442
Depreciation and amortization									46,548	34,314	33,102
Property, plant and equipment	248,153				149,485				248,153	149,485	132,502
Capital expenditures									28,881	30,215	56,586
Operating segments | Tubular Sales Segment
Revenue from External Customer [Line Items]
Revenues									206,056	175,735	167,485
Adjusted EBITDA									40,999	38,366	40,624
Depreciation and amortization									4,251	3,364	3,803
Property, plant and equipment	88,717				116,626				88,717	116,626	100,245
Capital expenditures									28,070	42,254	30,798
Inter-segment
Revenue from External Customer [Line Items]
Revenues									0	0	0
Inter-segment | International Services
Revenue from External Customer [Line Items]
Revenues									754	1,471	3,275
Inter-segment | U.S. Services
Revenue from External Customer [Line Items]
Revenues									25,844	23,734	20,552
Inter-segment | Tubular Sales Segment
Revenue from External Customer [Line Items]
Revenues									35,927	64,542	71,271
Inter-segment | Corporate and other
Revenue from External Customer [Line Items]
Revenues									(62,525)	(89,747)	(95,098)
Corporate, non-segment | Corporate and other
Revenue from External Customer [Line Items]
Revenues									0	0	0
Adjusted EBITDA									96	(34)	53
Depreciation and amortization									0	0	0
Property, plant and equipment	$ 0				$ 0				0	0	0
Capital expenditures									$ 0	$ 0	$ 0

Segment Information - Revenue88

Segment Information - Revenue From External Customers and Long-Lived Assets, by Geographical Areas (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 202,976	$ 239,883	$ 254,304	$ 277,437	$ 319,020	$ 296,183	$ 272,937	$ 264,492	$ 974,600	$ 1,152,632	$ 1,077,722
Property, plant and equipment, net	624,959				580,142				624,959	580,142	511,199
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									530,133	573,773	542,562
Property, plant and equipment, net	336,870				266,111				336,870	266,111
Europe/Middle East/Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									314,173	385,064	310,603
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									56,515	55,021	78,019
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									55,995	77,952	63,709
Other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									17,784	60,822	$ 82,829
International Services
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	$ 288,089				$ 314,031				288,089	$ 314,031
Dubai [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues									$ 140,400

Quarterly Financial Data (Una89

Quarterly Financial Data (Unaudited) - Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 202,976	$ 239,883	$ 254,304	$ 277,437	$ 319,020	$ 296,183	$ 272,937	$ 264,492	$ 974,600	$ 1,152,632	$ 1,077,722
Operating income	8,214	39,097	41,309	55,035	91,763	86,273	62,838	74,069	143,655	314,943	340,671
Net income attributable to Frank's International N.V.	$ 7,436	$ 16,565	$ 20,830	$ 34,279	$ 34,612	$ 47,346	$ 35,216	$ 41,863	$ 79,110	$ 159,037	$ 255,462
Earnings per common share:
Basic (in dollars per share)	$ 0.05	$ 0.11	$ 0.14	$ 0.22	$ 0.22	$ 0.31	$ 0.23	$ 0.27	$ 0.51	$ 1.03	$ 1.93
Diluted (in dollars per share)	$ 0.04	$ 0.11	$ 0.14	$ 0.21	$ 0.22	$ 0.31	$ 0.23	$ 0.27	$ 0.50	$ 1.03	$ 1.85

Schedule II - Valuation and Q90

Schedule II - Valuation and Qualifying Account (Details) - Allowance for doubtful accounts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	$ 2,477	$ 13,614	$ 1,697
Additions/Charged to Expense	570	1,062	12,050
Deductions	(751)	(10,497)	0
Other	232	(1,702)	(133)
Balance at end of period	$ 2,528	$ 2,477	$ 13,614