Expro (XPRO) 10-Q 28 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 27, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	FRANK'S INTERNATIONAL N.V.
Entity Central Index Key	1,575,828
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		156,200,925

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 581,371	$ 602,359
Accounts receivables, net	168,909	246,191
Inventories	145,186	161,263
Other current assets	10,800	13,923
Total current assets	906,266	1,023,736
Property, plant and equipment, net	588,256	624,959
Goodwill and intangible assets, net	24,300	25,210
Other assets	54,858	52,933
Total assets	1,573,680	1,726,838
Current liabilities:
Short-term debt	2,415	7,321
Accounts payable	10,840	12,784
Deferred revenue	36,409	57,637
Accrued and other current liabilities	90,042	111,884
Total current liabilities	139,706	189,626
Deferred tax liabilities	31,333	40,257
Other non-current liabilities	42,564	44,824
Total liabilities	213,603	274,707
Commitments and contingencies (Note 18)
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: 156,121,766 shares issued and 155,515,226 shares outstanding at 2016 and 155,661,150 shares issued and 155,146,338 shares outstanding at 2015	2,050	2,045
Additional paid-in capital	721,982	712,486
Retained earnings	452,608	531,621
Accumulated other comprehensive loss	(23,758)	(25,555)
Treasury stock (at cost), 606,540 at 2016 and 514,812 shares at 2015	(10,694)	(9,298)
Total stockholders' equity	1,142,188	1,211,299
Noncontrolling interest	217,184	240,127
Total equity	1,359,372	1,451,426
Total liabilities and equity	$ 1,573,680	$ 1,726,838

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - € / shares	Jun. 30, 2016	Dec. 31, 2015
Common stock, par value per share (EUR per share)	€ 0.01	€ 0.01
Common stock, shares authorized	745,120,000	745,120,000
Common stock, shares, issued	156,121,766	155,661,150
Common stock, shares, outstanding	155,515,226	155,146,338
Treasury stock, shares at cost	606,540	514,812
Series A Preferred Stock
Preferred stock, par value per share (EUR per share)	€ 0.01	€ 0.01
Preferred stock, shares authorized	52,976,000	52,976,000
Preferred stock, shares issued	52,976,000	52,976,000
Preferred stock, shares outstanding	52,976,000	52,976,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Equipment rentals and services	$ 95,177	$ 201,282	$ 226,434	$ 433,687
Products	25,769	53,022	47,998	98,054
Total revenue	120,946	254,304	274,432	531,741
Cost of revenues, exclusive of depreciation and amortization
Equipment rentals and services	52,564	76,692	108,365	170,292
Products	17,028	33,060	29,357	55,907
General and administrative expenses	70,310	73,797	129,262	143,594
Depreciation and amortization	28,283	27,710	57,733	51,711
Severance and other charges	3,718	1,049	4,324	13,022
(Gain) loss on sale of assets	(279)	687	(1,049)	871
Operating income (loss)	(50,678)	41,309	(53,560)	96,344
Other income (expense):
Other income	1,658	971	1,161	2,058
Interest income (expense), net	198	(31)	404	(23)
Foreign currency loss	(4,170)	(2,767)	(4,211)	(1,234)
Total other income (expense)	(2,314)	(1,827)	(2,646)	801
Income (loss) before income tax expense (benefit)	(52,992)	39,482	(56,206)	97,145
Income tax expense (benefit)	(7,705)	10,629	(8,511)	21,891
Net income (loss)	(45,287)	28,853	(47,695)	75,254
Net income (loss) attributable to noncontrolling interest	(13,889)	8,023	(15,525)	20,145
Net income (loss) attributable to Frank's International N.V.	(31,398)	20,830	(32,170)	55,109
Preferred stock dividends	(1)	(2)	(1)	(2)
Net income (loss) available to Frank's International N.V. common shareholders	$ (31,399)	$ 20,828	$ (32,171)	$ 55,107
Earnings (loss) per common share:
Basic (in dollars per share)	$ (0.20)	$ 0.14	$ (0.21)	$ 0.36
Diluted (in dollars per share)	$ (0.20)	$ 0.14	$ (0.21)	$ 0.35
Weighted average common shares outstanding:
Basic (in shares)	155,440	154,344	155,342	154,337
Diluted (in shares)	155,440	209,114	155,342	208,804

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (45,287)	$ 28,853	$ (47,695)	$ 75,254
Other comprehensive income (loss):
Foreign currency translation adjustments	(912)	3,173	1,750	(8,574)
Marketable securities:
Unrealized gain (loss) on marketable securities	700	(1,413)	1,116	(1,291)
Deferred tax asset / liability change	(235)	5	(460)	237
Unrealized gain (loss) on marketable securities	465	(1,408)	656	(1,054)
Total other comprehensive income (loss)	(447)	1,765	2,406	(9,628)
Comprehensive income (loss)	(45,734)	30,618	(45,289)	65,626
Less: Comprehensive income (loss) attributable to noncontrolling interest	(14,003)	8,475	(14,916)	17,689
Comprehensive income (loss) attributable to Frank's International N.V.	$ (31,731)	$ 22,143	$ (30,373)	$ 47,937

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Non-controlling Interest
Balance at beginning of period (in shares) at Dec. 31, 2014		154,327
Balance at beginning 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
Net income (loss)	75,254			55,109			20,145
Foreign currency translation adjustments	(8,574)				(6,386)		(2,188)
Unrealized loss on marketable securities	(1,054)				(786)		(268)
Equity-based compensation expense	18,657		18,657
Distributions to noncontrolling interest	(32,479)						(32,479)
Common stock dividends ($0.30 per share)	(46,305)			(46,305)
Preferred stock dividends	(2)			(2)
Common shares issued upon vesting of restricted stock units (in shares)		72
Common shares issued upon vesting of restricted stock units	0	$ 1	(1)
Treasury shares withheld (in shares)		(26)
Treasury shares withheld	(533)					(533)
Balance at end of period (in shares) at Jun. 30, 2015		154,373
Balance at end of period at Jun. 30, 2015	1,477,500	$ 2,034	702,267	554,159	(21,382)	(5,334)	245,756
Balance at beginning of period (in shares) at Dec. 31, 2015		155,146
Balance at beginning of period at Dec. 31, 2015	1,451,426	$ 2,045	712,486	531,621	(25,555)	(9,298)	240,127
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(47,695)			(32,170)			(15,525)
Foreign currency translation adjustments	1,750				1,306		444
Unrealized loss on marketable securities	656				491		165
Equity-based compensation expense	8,528		8,528
Distributions to noncontrolling interest	(8,027)						(8,027)
Common stock dividends ($0.30 per share)	(46,842)			(46,842)
Preferred stock dividends	(1)			(1)
Common shares issued upon vesting of restricted stock units (in shares)		384
Common shares issued upon vesting of restricted stock units	0	$ 4	(4)
Common shares issued for ESPP (in shares)		76
Common shares issued for ESPP	973	$ 1	972
Treasury shares withheld (in shares)		(91)
Treasury shares withheld	(1,396)					(1,396)
Balance at end of period (in shares) at Jun. 30, 2016		155,515
Balance at end of period at Jun. 30, 2016	$ 1,359,372	$ 2,050	$ 721,982	$ 452,608	$ (23,758)	$ (10,694)	$ 217,184

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (PARENTHETICAL) - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in dollars per share)	$ 0.30	$ 0.30

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net income (loss)	$ (47,695)	$ 75,254
Adjustments to reconcile net income (loss) to cash provided by operating activities
Depreciation and amortization	57,733	51,711
Equity-based compensation expense	8,528	18,657
Amortization of deferred financing costs	82	82
Deferred tax provision (benefit)	(9,071)	9,727
Provision for bad debts	10,374	335
(Gain) loss on sale of assets	(1,049)	871
Changes in fair value of marketable securities	(329)	(404)
Unrealized gain on derivative	(319)	0
Other	0	(3,909)
Changes in operating assets and liabilities
Accounts receivable	68,766	66,188
Inventories	11,378	17,499
Other current assets	3,058	8,669
Other assets	188	2,148
Accounts payable	(2,166)	1,778
Deferred revenue	(21,223)	(18,574)
Accrued and other current liabilities	(17,958)	(16,854)
Other non-current liabilities	(2,260)	2,734
Net cash provided by operating activities	58,037	215,912
Cash flows from investing activities
Acquisition of Timco Services, Inc. (net of acquired cash)	0	(78,676)
Purchases of property, plant and equipment	(18,371)	(70,843)
Proceeds from sale of assets and equipment	1,957	214
Purchase of marketable securities	(838)	0
Net cash used in investing activities	(17,252)	(149,305)
Cash flows from financing activities
Repayments of borrowings	(4,960)	(37)
Proceeds from borrowings	256	0
Dividends paid on common stock	(46,842)	(46,305)
Dividends paid on preferred stock	(1)	(2)
Distribution to noncontrolling interest	(8,027)	(32,479)
Treasury shares withheld	(1,396)	(533)
Proceeds from the issuance of ESPP shares	973	0
Net cash used in financing activities	(59,997)	(79,356)
Effect of exchange rate changes on cash	(1,776)	(1,860)
Net increase (decrease) in cash	(20,988)	(14,609)
Cash and cash equivalents at beginning of period	602,359	489,354
Cash and cash equivalents at end of period	$ 581,371	$ 474,745

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Nature of Business Frank’s International N.V. ("FINV"), a limited liability company organized under the laws of The Netherlands, is a global provider of highly engineered tubular services to the oil and gas industry. FINV provides services to leading exploration and production companies in both offshore and onshore environments with a focus on complex and technically demanding wells. Basis of Presentation The condensed consolidated financial statements of FINV for the three and six months ended June 30, 2016 and 2015 include the activities of Frank's International C.V. ("FICV") and its wholly owned subsidiaries (collectively, the "Company," "we," "us" or "our"). All intercompany accounts and transactions have been eliminated for purposes of preparing these condensed consolidated financial statements. Our accompanying condensed consolidated financial statements have not been audited by our independent registered public accounting firm. The Consolidated Balance Sheet at December 31, 2015 is derived from audited financial statements. However, certain information and footnote disclosures required by generally accepted accounting principles in the United States of America ("GAAP") for complete annual financial statements have been omitted and, therefore, these interim financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto for the year ended December 31, 2015 , which are included in our most recent Annual Report on Form 10-K filed with the Securities Exchange Commission ("SEC") on February 29, 2016 . In the opinion of management, these condensed consolidated financial statements, which have been prepared pursuant to the rules of the SEC and GAAP for interim financial reporting, reflect all adjustments, which consisted only of normal recurring adjustments that were necessary for a fair statement of the interim periods presented. The results of operations for interim periods are not necessarily indicative of those for a full year. The condensed consolidated financial statements have been prepared on a historical cost basis using the United States dollar as the reporting currency. Our functional currency is primarily the United States dollar. Recent Accounting Pronouncements 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 were either determined to be not applicable or are expected to have minimal impact on our consolidated financial position or results of operations. In June 2016, the FASB issued new accounting guidance for credit losses on financial instruments. The guidance includes the replacement of the “incurred loss” approach for recognizing credit losses on financial assets, including trade receivables, with a methodology that reflects expected credit losses, which considers historical and current information as well as reasonable and supportable forecasts. For public entities, the guidance is effective for financial statements issued for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early application is permitted for all entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Management is evaluating the provisions of this new accounting guidance, including which period to adopt, and has not determined what impact the adoption will have on our consolidated financial statements. In March 2016, the FASB issued accounting guidance on equity compensation, which simplifies the accounting for the taxes related to equity-based compensation, including adjustments to how excess tax benefits and a company's payments for tax withholdings should be classified. The ASU also gives an option to recognize actual forfeitures when they occur and clarifies the statement of cash flow presentation for certain components of share-based awards. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 31, 2016. The adoption of this guidance is not expected to have a material impact on our consolidated financial statements. In February 2016, the FASB issued accounting guidance for leases. The main objective of the accounting guidance is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The main difference between previous GAAP and the new guidance is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. The new guidance requires lessees to recognize assets and liabilities arising from leases on the balance sheet and further defines a lease as a contract that conveys the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration. Control over the use of the identified asset means that the customer has both (1) the right to obtain substantially all of the economic benefit from the use of the asset and (2) the right to direct the use of the asset. The accounting guidance requires disclosures by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. For public entities, the guidance is effective for financial statements issued for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; early application is permitted. We are currently evaluating the impact of this accounting standard update on our consolidated financial statements. 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 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 and has not determined what impact the adoption of the new accounting guidance will have 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. We adopted this guidance on January 1, 2016 and the adoption did not have a material impact 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. We adopted this guidance on January 1, 2016 and the adoption did not have a material impact on our consolidated financial statements. In May 2014, the FASB issued amendments to guidance on the recognition of revenue based upon the entity’s contracts with customers to transfer goods or services. Under the new standard update, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. On July 9, 2015, the FASB deferred the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB will also permit early adoption of the standard, but not before the original effective date of December 15, 2016. We are currently evaluating the impact of this accounting standard update on our consolidated financial statements.

Noncontrolling Interest

Noncontrolling Interest	6 Months Ended
	Jun. 30, 2016
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 condensed consolidated balance sheet with respect to the remaining economic interest in FICV held by Mosing Holdings, Inc. ("MHI"). Net income (loss) attributable to noncontrolling interest on the statements of operations represents the portion of earnings or losses attributable to the economic interest in FICV held by MHI. The allocable domestic income (loss) from FICV to FINV is subject to U.S. taxation. A reconciliation of net income (loss) attributable to noncontrolling interest is detailed as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Net income (loss) $ (45,287 ) $ 28,853 $ (47,695 ) $ 75,254 Add: Provision (benefit) for U.S. income taxes of FINV (1) (9,609 ) 813 (13,493 ) 7,076 Less: (Income) of FINV (2) 88 1,773 (74 ) (3,390 ) Net income (loss) subject to noncontrolling interest (54,808 ) 31,439 (61,262 ) 78,940 Noncontrolling interest percentage (3) 25.3 % 25.5 % 25.3 % 25.5 % Net income (loss) attributable to noncontrolling interest $ (13,889 ) $ 8,023 $ (15,525 ) $ 20,145 (1) Represents income tax expense (benefit) 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.

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2016
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 not a significant 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. As of June 30, 2016 , 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. 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 was 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 are amortized over their estimated useful lives. Amortization expense for the intangible assets for the Timco acquisition was $0.4 million for each of the three months ended June 30, 2016 and 2015 and $0.9 million and $0.4 million for the six months ended June 30, 2016 and 2015 , respectively.

Accounts Receivable, net

Accounts Receivable, net	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Accounts Receivable, net	Accounts Receivable, net Accounts receivable at June 30, 2016 and December 31, 2015 were as follows (in thousands): June 30, December 31, 2016 2015 Trade accounts receivable, net of allowance of $12,421 and $2,528, respectively $ 99,620 $ 166,256 Unbilled revenue 32,815 40,033 Taxes receivable 32,849 34,163 Affiliated (1) 608 3,966 Other receivables 3,017 1,773 Total accounts receivable $ 168,909 $ 246,191 (1) Amounts represent expenditures on behalf of non-consolidated affiliates and receivables for aircraft charter income.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at June 30, 2016 and December 31, 2015 were as follows (in thousands): June 30, December 31, 2016 2015 Pipe and connectors $ 119,818 $ 137,245 Finished goods 4,245 4,020 Work in progress 5,955 5,230 Raw materials, components and supplies 15,168 14,768 Total inventories $ 145,186 $ 161,263

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The following is a summary of property, plant and equipment at June 30, 2016 and December 31, 2015 (in thousands): Estimated Useful Lives in Years June 30, December 31, Land — $ 14,176 $ 10,119 Land improvements 8-15 9,378 9,289 Buildings and improvements 39 70,615 74,152 Rental machinery and equipment 7 906,542 898,134 Machinery and equipment - other 7 60,223 60,250 Furniture, fixtures and computers 5 18,272 18,240 Automobiles and other vehicles 5 43,896 48,402 Aircraft 7 16,267 16,267 Leasehold improvements 7-15, or lease term if shorter 8,314 7,947 Construction in progress - machinery and equipment and buildings — 106,907 102,432 1,254,590 1,245,232 Less: Accumulated depreciation (666,334 ) (620,273 ) Total property, plant and equipment, net $ 588,256 $ 624,959

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets at June 30, 2016 and December 31, 2015 consisted of the following (in thousands): June 30, December 31, 2016 2015 Marketable securities held in Rabbi Trust (1) $ 46,406 $ 45,254 Deferred tax asset 177 536 Deposits 2,150 2,031 Other 6,125 5,112 Total other assets $ 54,858 $ 52,933 (1) See Note 10 – Fair Value Measurements

Accrued and Other Current Liabi

Accrued and Other Current Liabilities	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Accrued and Other Current Liabilities	Accrued and Other Current Liabilities Accrued and other current liabilities at June 30, 2016 and December 31, 2015 consisted of the following (in thousands): June 30, December 31, 2016 2015 Accrued compensation $ 18,019 $ 25,281 Accrued property and other taxes 22,991 23,790 Accrued severance and other charges 19,939 22,244 Income taxes 4,317 7,385 Accrued inventory 491 5,281 Accrued medical claims 3,440 4,141 Accrued purchase orders 4,425 5,562 Other 16,420 18,200 Total accrued and other current liabilities $ 90,042 $ 111,884

Debt

Debt	6 Months Ended
	Jun. 30, 2016
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 in letters of credit and up to $10.0 million in swingline loans, which matures in August 2018 (the “Credit Facility”). Subject to the terms of the Credit Facility, we have the ability to increase the commitments by $150.0 million . At June 30, 2016 and December 31, 2015 , we did not have any outstanding indebtedness under the Credit Facility. In addition, we had $3.9 million and $4.7 million in letters of credit outstanding as of June 30, 2016 and December 31, 2015 , respectively. 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 (i) the prime rate as published in the Wall Street Journal, (ii) the Federal Funds Effective Rate plus 0.50% or (iii) the adjusted Eurodollar rate plus 1.00% , plus an applicable margin ranging from 0.50% to 1.50% , subject to adjustment based on a leverage ratio. Interest is in each case payable quarterly for base-rate loans. Eurodollar loans under the Credit Facility bear interest at an adjusted Eurodollar rate equal to the Eurodollar rate for such interest period multiplied by the statutory reserves, plus an applicable margin ranging from 1.50% to 2.50% . Interest is payable at the end of applicable interest periods for Eurodollar loans, except that if the interest period for a Eurodollar loan is longer than three months , interest is paid at the end of each three -month period. The unused portion of the Credit Facility is subject to a commitment fee ranging from 0.250% to 0.375% based on certain leverage ratios. The Credit Facility contains various covenants that, among other things, limit our ability to grant certain liens, make certain loans and investments, enter into mergers or acquisitions, enter into hedging transactions, change our lines of business, prepay certain indebtedness, enter into certain affiliate transactions, incur additional indebtedness or engage in certain asset dispositions. The Credit Facility also contains financial covenants, which, among other things, require us, on a consolidated basis, to maintain: (i) a ratio of total consolidated funded debt to adjusted EBITDA (as defined in our credit agreement) of not more than 2.50 to 1.0 and (ii) a ratio of EBITDA to interest expense of not less than 3.0 to 1.0. As of June 30, 2016 , 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. 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 June 30, 2016 and December 31, 2015, the total outstanding balance was $2.1 million and $6.9 million , respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We follow fair value measurement authoritative accounting guidance for measuring fair values of assets and liabilities in financial statements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We utilize market data or assumptions that market participants who are independent, knowledgeable, and willing and able to transact would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. We are able to classify fair value balances based on the observability of these inputs. The authoritative guidance for fair value measurements establishes three levels of the fair value hierarchy, defined as follows: • Level 1: Unadjusted, quoted prices for identical assets or liabilities in active markets. • Level 2: Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly for substantially the full term of the asset or liability. • Level 3: Significant, unobservable inputs for use when little or no market data exists, requiring a significant degree of judgment. The hierarchy gives the highest priority to Level 1 measurements and the lowest priority to Level 3 measurements. Depending on the particular asset or liability, input availability can vary depending on factors such as product type, longevity of a product in the market and other particular transaction conditions. In some cases, certain inputs used to measure fair value may be categorized into different levels of the fair value hierarchy. For disclosure purposes under the accounting guidance, the lowest level that contains significant inputs used in valuation should be chosen. Financial Assets and Liabilities A summary of financial assets and liabilities that are measured at fair value on a recurring basis, as of June 30, 2016 and December 31, 2015 were as follows (in thousands): Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total June 30, 2016 Assets: Derivative financial instruments $ — $ 529 $ — $ 529 Investments available-for-sale: Marketable securities - deferred compensation plan — 46,406 — 46,406 Marketable securities - other 3,664 — — 3,664 Liabilities: Marketable securities - deferred compensation plan — 41,262 — 41,262 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 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. At both June 30, 2016 and December 31, 2015 , derivative financial instruments are included in accounts receivable, net in our condensed 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 and insurance contracts. Assets and liabilities measured using significant observable inputs are reported at fair value based on third-party broker statements, which are derived from the fair value of the funds' underlying investments. Other marketable securities are included in other assets on the condensed consolidated balance sheets. Assets and Liabilities Measured at Fair Value on a Non-recurring Basis We apply the provisions of the fair value measurement standard to our non-recurring, non-financial measurements including business combinations as well as impairment related to goodwill and other long-lived assets. For business combinations, the purchase price is allocated to the assets acquired and liabilities assumed based on a discounted cash flow model for most intangibles as well as market assumptions for the valuation of equipment and other fixed assets. We utilize a discounted cash flow model in evaluating impairment considerations related to goodwill and long-lived assets. Given the unobservable nature of the inputs, the discounted cash flow models are deemed to use Level 3 inputs. Other Fair Value Considerations The carrying values on our condensed consolidated balance sheet of our cash and cash equivalents, trade accounts receivable, other current assets, accounts payable, accrued and other current liabilities and lines of credit approximates fair values due to their short maturities.

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Preferred Stock	Preferred Stock At June 30, 2016 and December 31, 2015, we had 52,976,000 shares of Series A preferred stock, par value €0.01 per share (the "Preferred Stock"), issued and outstanding, all of which were held by MHI. Each share of Preferred Stock has a liquidation preference equal to its par value of €0.01 per share and is entitled to an annual dividend equal to 0.25% of its par value. We paid the annual dividend for the year ended December 31, 2015 of $1,476 on June 3, 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 a conversion will decrease the noncontrolling interest in our financial statements that is attributable to MHI's interest in FICV. As of June 30, 2016 and 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 condensed consolidated balance sheet at its redemption value of par plus accrued and unpaid dividends because the conversion provisions are not solely within our control.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2016
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 condensed 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 condensed consolidated statements of operations. As of June 30, 2016 and December 31, 2015 , we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands): June 30, 2016 Notional Contractual Settlement Derivative Contracts Amount Exchange Rate Date Canadian dollar $ 3,765 1.2749 9/13/2016 Euro 4,420 1.1334 9/13/2016 Euro 3,470 1.1192 7/14/2016 Norwegian kroner 5,891 8.1482 9/13/2016 Pound sterling 3,620 1.4480 9/13/2016 December 31, 2015 Notional Contractual Settlement Derivative Contracts Amount Exchange Rate Date Canadian dollar $ 5,091 1.3751 1/13/2016 Euro 19,706 1.0948 1/13/2016 Norwegian kroner 11,498 8.6973 1/13/2016 Pound sterling 7,516 1.5031 1/13/2016 The following table summarizes the location and fair value amounts of all derivative contracts in the condensed consolidated balance sheets as of June 30, 2016 and December 31, 2015 (in thousands): Derivatives not Designated as Hedging Instruments Consolidated Balance Sheet Location June 30, 2016 December 31, 2015 Foreign currency contracts Accounts receivable, net $ 529 $ 210 The following table summarizes the location and amounts of the realized and unrealized losses on derivative contracts in the condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended June 30, June 30, Derivatives not Designated as Hedging Instruments Location of Loss Recognized in Income on Derivative Contracts 2016 2015 2016 2015 Unrealized gain on foreign currency contracts Other income $ 1,293 $ — $ 319 $ — Realized loss on foreign currency contracts Other income (865 ) — (1,579 ) — Total net income (loss) on foreign currency contracts $ 428 $ — $ (1,260 ) $ — 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 at June 30, 2016 and December 31, 2015 (in thousands): Derivative Asset Positions Derivative Liability Positions June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 Gross position - asset / (liability) $ 551 $ 316 $ (22 ) $ (106 ) Netting adjustment (22 ) (106 ) 22 106 Net position - asset / (liability) $ 529 $ 210 $ — $ —

Treasury Stock

Treasury Stock	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Treasury Stock	Treasury Stock At June 30, 2016 , common shares held in treasury totaled 606,540 with a cost of $10.7 million and at December 31, 2015, common shares held in treasury totaled 514,812 shares 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	6 Months Ended
	Jun. 30, 2016
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 company. Rent expense related to these leases was $1.8 million and $2.0 million for each of the three months ended June 30, 2016 and 2015 , respectively, and $4.5 million and $4.0 million for the six months ended June 30, 2016 and 2015 , 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. The WA agreements reflect both dry lease and wet lease rental, whereby we are charged a flat monthly fee primarily for crew, hangar, maintenance and administration costs in addition to other variable costs for fuel and maintenance. We also earn charter income from third party usage through a revenue sharing agreement. We recorded net charter expense of $0.5 million and $0.4 million for the three months ended June 30, 2016 and 2015 , respectively, and $0.5 million and $0.8 million for the six months ended June 30, 2016 and 2015 , respectively. Tax Receivable Agreement MHI and its permitted transferees may convert all or a portion of its Preferred Stock into shares of our common stock on a one -for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications and other similar transactions, by delivery of an equivalent portion of its interest in FICV to us (a “Conversion”). FICV has made an election under Section 754 of the Code. Pursuant to the Section 754 election, each future Conversion is expected to result in an adjustment to the tax basis of the tangible and intangible assets of FICV, and these adjustments will be allocated to FINV. Certain of the adjustments to the tax basis of the tangible and intangible assets of FICV described above would not have been available absent these future Conversions. The anticipated basis adjustments are expected to reduce the amount of tax that FINV would otherwise be required to pay in the future. These basis adjustments may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. The tax receivable agreement (the "TRA") that we entered into with FICV and MHI in connection with our IPO generally provides for the payment by FINV of 85% of the amount of the actual reductions, if any, in payments of U.S. federal, state and local income tax or franchise tax (which reductions we refer to as “cash savings”) in periods after our IPO as a result of (i) the tax basis increases resulting from the Conversions and (ii) imputed interest deemed to be paid by us as a result of, and additional tax basis arising from, payments under the TRA. In addition, the TRA provides for payment by us of interest earned from the due date (without extensions) of the corresponding tax return to the date of payment specified by the TRA. We will retain the remaining 15% of cash savings, if any. The payment obligations under the TRA are our obligations and are not obligations of FICV. The term of the TRA will continue until all such tax benefits have been utilized or expired, unless we exercise our right to terminate the TRA. Estimating the amount of payments that may be made under the TRA is by its nature imprecise. The actual increase in tax basis, as well as the amount and timing of any payments under the TRA, will vary depending upon a number of factors, including the timing of Conversions, the relative value of our U.S. and international assets at the time of the Conversion, the price of our common stock at the time of the Conversion, the extent to which such Conversions are taxable, the amount and timing of the taxable income FINV realizes in the future and the tax rate then applicable, FINV’s use of loss carryovers and the portion of its payments under the TRA constituting imputed interest or depreciable or amortizable basis. FINV expects that the payments that it will be required to make under the TRA will be substantial but that it will be able to fund such payments. There may be a negative impact on our liquidity if, as a result of timing discrepancies, the payments under the TRA exceed the actual benefits we realize in respect of the tax attributes subject to the TRA. The payments under the TRA will not be conditioned upon a holder of rights under a TRA having a continued ownership interest in either FICV or FINV. The TRA provides that FINV may terminate it early. If FINV elects to terminate the TRA early, it would be required to make an immediate payment equal to the present value of the anticipated future tax benefits subject to the TRA (based upon certain assumptions and deemed events set forth in the TRA, including the assumption that it has sufficient taxable income to fully utilize such benefits and that any FICV interests that MHI or its transferees own on the termination date are deemed to be exchanged on the termination date). Any early termination payment may be made significantly in advance of the actual realization, if any, of such future benefits. In addition, payments due under the TRA will be similarly accelerated following certain mergers or other changes of control. In these situations, FINV’s obligations under the TRA could have a substantial negative impact on our liquidity and could have the effect of delaying, deferring or preventing certain mergers, asset sales, other forms of business combinations or other changes of control. For example, if the TRA were terminated on June 30, 2016 , the estimated termination payment would be approximately $ 85.6 million (calculated using a discount rate of 4.86% ). 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 (Loss) Per Common Shar

Earnings (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings (Loss) Per Common Share	Earnings (Loss) Per Common Share Basic earnings (loss) per common share is determined by dividing net income (loss), less preferred stock dividends, by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is determined by dividing net income (loss) 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 (loss) 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 (loss) per share calculations (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Numerator - Basic Income (loss) from continuing operations $ (45,287 ) $ 28,853 $ (47,695 ) $ 75,254 Less: Net (income) loss attributable to noncontrolling interest 13,889 (8,023 ) 15,525 (20,145 ) Less: Preferred stock dividends (1 ) (2 ) (1 ) (2 ) Net income (loss) available to common shareholders $ (31,399 ) $ 20,828 $ (32,171 ) $ 55,107 Numerator - Diluted Income (loss) from continuing operations attributable to common shareholders $ (31,399 ) $ 20,828 $ (32,171 ) $ 55,107 Add: Net income attributable to noncontrolling interest (1), (2) — 7,664 — 17,602 Add: Preferred stock dividends (2) — 2 — 2 Dilutive net income (loss) available to common shareholders $ (31,399 ) $ 28,494 $ (32,171 ) $ 72,711 Denominator Basic weighted average common shares 155,440 154,344 155,342 154,337 Exchange of noncontrolling interest for common stock (Note 11), (2) — 52,976 — 52,976 Restricted stock units (2) — 1,789 — 1,489 Stock to be issued pursuant to ESPP (2) — 5 — 2 Diluted weighted average common shares 155,440 209,114 155,342 208,804 Earnings (loss) per common share: Basic $ (0.20 ) $ 0.14 $ (0.21 ) $ 0.36 Diluted $ (0.20 ) $ 0.14 $ (0.21 ) $ 0.35 (1) Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock $ — $ 359 $ — $ 2,543 (2) Approximate number of shares of potentially convertible preferred stock to common stock, unvested restricted stock units and stock to be issued pursuant to the ESPP have been excluded from the computation of diluted earnings (loss) per share as the effect would be anti-dilutive when the results from operations are at a net loss. 54,534 — 54,489 —

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim financial reporting, we estimate the annual tax rate based on projected pre-tax income (loss) for the full year and record a quarterly income tax provision (benefit) in accordance with accounting guidance for income taxes. As the year progresses, we refine the estimate of the year's pre-tax income (loss) as new information becomes available. The continual estimation process often results in a change to the expected effective tax rate for the year. When this occurs, we adjust the income tax provision (benefit) during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected annual tax rate. Our effective tax rate on income from continuing operations before income taxes was 14.5% and 26.9% for the three months ended June 30, 2016 and 2015 , respectively, and 15.1% and 22.5% for the six months ended June 30, 2016 and 2015 , respectively. The lower rates are primarily a result of a decrease in taxable income and a change in jurisdictional mix. In addition, the tax rate for all periods is lower than the U.S. statutory income tax rate of 35% due to lower statutory tax rates in certain foreign jurisdictions where we operate. As of June 30, 2016 , there were no significant changes to our unrecognized tax benefits as reported in our audited financial statements for the year ended December 31, 2015 .

Severance and Other Charges

Severance and Other Charges	6 Months Ended
	Jun. 30, 2016
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. During 2016, we have continued to take steps to adjust our workforce to meet the depressed demand in the industry. The reduction was communicated to affected employees on various dates. Also, the Chairman of the board of supervisory directors (who also held the role of Executive Chairman of our company) transitioned to a non-executive director of the supervisory board effective as of December 31, 2015. At June 30, 2016 , our outstanding accrual was approximately $19.9 million and included severance payments, other employee-related termination costs and lease termination fees. 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, 2015 $ 78 $ 22,166 $ — $ 22,244 Additions for costs expensed 2,590 1,549 185 4,324 Other adjustments — (341 ) 341 — Severance and other payments (2,167 ) (3,936 ) (526 ) (6,629 ) Ending balance, June 30, 2016 $ 501 $ 19,438 $ — $ 19,939 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	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are the subject of lawsuits and claims arising in the ordinary course of business from time to time. A liability is accrued when a loss is both probable and can be reasonably estimated. We had no material accruals for loss contingencies, individually or in the aggregate, as of June 30, 2016 and December 31, 2015 . We believe the probability is remote that the ultimate outcome of these matters would have a material adverse effect on our financial position, results of operations or cash flows. We are conducting an internal investigation of the operations of certain of our foreign subsidiaries in West Africa including possible violations of the U.S. Foreign Corrupt Practices Act, our policies and other applicable laws. In June 2016, we voluntarily disclosed the existence of our extensive internal review to the U.S. Securities and Exchange Commission and the United States Department of Justice. While our review does not currently indicate that there has been any material impact on our previously filed financial statements, we continue to collect information and are unable to predict the ultimate resolution of these matters with these agencies.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2016
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 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. Adjusted EBITDA We define Adjusted EBITDA as income (loss) 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, equity-based compensation, unrealized and realized gain or loss, 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 (loss) from continuing operations (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Segment Adjusted EBITDA: International Services $ (4,159 ) $ 55,311 $ 27,220 $ 107,596 U.S. Services (11,318 ) 16,714 (10,500 ) 61,662 Tubular Sales 1,624 7,978 1,178 11,097 Corporate and other 180 31 202 24 Adjusted EBITDA Total (13,673 ) 80,034 18,100 180,379 Interest income (expense), net 198 (31 ) 404 (23 ) Income tax benefit (expense) 7,705 (10,629 ) 8,511 (21,891 ) Depreciation and amortization (28,283 ) (27,710 ) (57,733 ) (51,711 ) Gain (loss) on sale of assets 279 (687 ) 1,049 (871 ) Foreign currency loss (4,170 ) (2,767 ) (4,211 ) (1,234 ) Equity-based compensation expense (4,320 ) (8,308 ) (8,528 ) (16,373 ) Severance and other charges (3,718 ) (1,049 ) (4,324 ) (13,022 ) Unrealized and realized gains (losses) 695 — (963 ) — Income (loss) from continuing operations $ (45,287 ) $ 28,853 $ (47,695 ) $ 75,254 The following tables set forth certain financial information with respect to our reportable segments. Included in “Corporate and Other” are intersegment eliminations and costs associated with activities of a general nature (in thousands): International Services U.S. Services Tubular Sales Corporate and Other Total Three Months Ended June 30, 2016 Revenue from external customers $ 57,350 $ 37,118 $ 26,478 $ — $ 120,946 Inter-segment revenues 29 3,940 4,351 (8,320 ) — Adjusted EBITDA (4,159 ) (11,318 ) 1,624 180 (13,673 ) Three Months Ended June 30, 2015 Revenue from external customers $ 122,640 $ 78,418 $ 53,246 $ — $ 254,304 Inter-segment revenues 229 6,644 10,544 (17,417 ) — Adjusted EBITDA 55,311 16,714 7,978 31 80,034 Six Months Ended June 30, 2016 Revenue from external customers $ 140,412 $ 85,898 $ 48,122 $ — $ 274,432 Inter-segment revenues 45 8,050 10,017 (18,112 ) — Adjusted EBITDA 27,220 (10,500 ) 1,178 202 18,100 Six Months Ended June 30, 2015 Revenue from external customers $ 246,841 $ 187,704 $ 97,196 $ — $ 531,741 Inter-segment revenues 606 14,558 22,435 (37,599 ) — Adjusted EBITDA 107,596 61,662 11,097 24 180,379

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements of FINV for the three and six months ended June 30, 2016 and 2015 include the activities of Frank's International C.V. ("FICV") and its wholly owned subsidiaries (collectively, the "Company," "we," "us" or "our"). All intercompany accounts and transactions have been eliminated for purposes of preparing these condensed consolidated financial statements. Our accompanying condensed consolidated financial statements have not been audited by our independent registered public accounting firm. The Consolidated Balance Sheet at December 31, 2015 is derived from audited financial statements. However, certain information and footnote disclosures required by generally accepted accounting principles in the United States of America ("GAAP") for complete annual financial statements have been omitted and, therefore, these interim financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto for the year ended December 31, 2015 , which are included in our most recent Annual Report on Form 10-K filed with the Securities Exchange Commission ("SEC") on February 29, 2016 . In the opinion of management, these condensed consolidated financial statements, which have been prepared pursuant to the rules of the SEC and GAAP for interim financial reporting, reflect all adjustments, which consisted only of normal recurring adjustments that were necessary for a fair statement of the interim periods presented. The results of operations for interim periods are not necessarily indicative of those for a full year. The condensed consolidated financial statements have been prepared on a historical cost basis using the United States dollar as the reporting currency. Our functional currency is primarily the United States dollar.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board ("FASB") in the form of accounting standards updates ("ASUs") to the FASB’s Accounting Standards Codification. We consider the applicability and impact of all ASUs. ASUs not listed below were assessed and were either determined to be not applicable or are expected to have minimal impact on our consolidated financial position or results of operations. In June 2016, the FASB issued new accounting guidance for credit losses on financial instruments. The guidance includes the replacement of the “incurred loss” approach for recognizing credit losses on financial assets, including trade receivables, with a methodology that reflects expected credit losses, which considers historical and current information as well as reasonable and supportable forecasts. For public entities, the guidance is effective for financial statements issued for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early application is permitted for all entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Management is evaluating the provisions of this new accounting guidance, including which period to adopt, and has not determined what impact the adoption will have on our consolidated financial statements. In March 2016, the FASB issued accounting guidance on equity compensation, which simplifies the accounting for the taxes related to equity-based compensation, including adjustments to how excess tax benefits and a company's payments for tax withholdings should be classified. The ASU also gives an option to recognize actual forfeitures when they occur and clarifies the statement of cash flow presentation for certain components of share-based awards. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 31, 2016. The adoption of this guidance is not expected to have a material impact on our consolidated financial statements. In February 2016, the FASB issued accounting guidance for leases. The main objective of the accounting guidance is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The main difference between previous GAAP and the new guidance is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases. The new guidance requires lessees to recognize assets and liabilities arising from leases on the balance sheet and further defines a lease as a contract that conveys the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration. Control over the use of the identified asset means that the customer has both (1) the right to obtain substantially all of the economic benefit from the use of the asset and (2) the right to direct the use of the asset. The accounting guidance requires disclosures by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. For public entities, the guidance is effective for financial statements issued for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years; early application is permitted. We are currently evaluating the impact of this accounting standard update on our consolidated financial statements. 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 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 and has not determined what impact the adoption of the new accounting guidance will have 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. We adopted this guidance on January 1, 2016 and the adoption did not have a material impact 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. We adopted this guidance on January 1, 2016 and the adoption did not have a material impact on our consolidated financial statements. In May 2014, the FASB issued amendments to guidance on the recognition of revenue based upon the entity’s contracts with customers to transfer goods or services. Under the new standard update, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. On July 9, 2015, the FASB deferred the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB will also permit early adoption of the standard, but not before the original effective date of December 15, 2016. We are currently evaluating the impact of this accounting standard update on our consolidated financial statements.

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Schedule of Net Income Attributable to Noncontrolling Interest	A reconciliation of net income (loss) attributable to noncontrolling interest is detailed as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Net income (loss) $ (45,287 ) $ 28,853 $ (47,695 ) $ 75,254 Add: Provision (benefit) for U.S. income taxes of FINV (1) (9,609 ) 813 (13,493 ) 7,076 Less: (Income) of FINV (2) 88 1,773 (74 ) (3,390 ) Net income (loss) subject to noncontrolling interest (54,808 ) 31,439 (61,262 ) 78,940 Noncontrolling interest percentage (3) 25.3 % 25.5 % 25.3 % 25.5 % Net income (loss) attributable to noncontrolling interest $ (13,889 ) $ 8,023 $ (15,525 ) $ 20,145 (1) Represents income tax expense (benefit) 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.

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of Accounts Receivable	Accounts receivable at June 30, 2016 and December 31, 2015 were as follows (in thousands): June 30, December 31, 2016 2015 Trade accounts receivable, net of allowance of $12,421 and $2,528, respectively $ 99,620 $ 166,256 Unbilled revenue 32,815 40,033 Taxes receivable 32,849 34,163 Affiliated (1) 608 3,966 Other receivables 3,017 1,773 Total accounts receivable $ 168,909 $ 246,191 (1) Amounts represent expenditures on behalf of non-consolidated affiliates and receivables for aircraft charter income.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories at June 30, 2016 and December 31, 2015 were as follows (in thousands): June 30, December 31, 2016 2015 Pipe and connectors $ 119,818 $ 137,245 Finished goods 4,245 4,020 Work in progress 5,955 5,230 Raw materials, components and supplies 15,168 14,768 Total inventories $ 145,186 $ 161,263

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The following is a summary of property, plant and equipment at June 30, 2016 and December 31, 2015 (in thousands): Estimated Useful Lives in Years June 30, December 31, Land — $ 14,176 $ 10,119 Land improvements 8-15 9,378 9,289 Buildings and improvements 39 70,615 74,152 Rental machinery and equipment 7 906,542 898,134 Machinery and equipment - other 7 60,223 60,250 Furniture, fixtures and computers 5 18,272 18,240 Automobiles and other vehicles 5 43,896 48,402 Aircraft 7 16,267 16,267 Leasehold improvements 7-15, or lease term if shorter 8,314 7,947 Construction in progress - machinery and equipment and buildings — 106,907 102,432 1,254,590 1,245,232 Less: Accumulated depreciation (666,334 ) (620,273 ) Total property, plant and equipment, net $ 588,256 $ 624,959

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets at June 30, 2016 and December 31, 2015 consisted of the following (in thousands): June 30, December 31, 2016 2015 Marketable securities held in Rabbi Trust (1) $ 46,406 $ 45,254 Deferred tax asset 177 536 Deposits 2,150 2,031 Other 6,125 5,112 Total other assets $ 54,858 $ 52,933 (1) See Note 10 – Fair Value Measurements

Accrued and Other Current Lia34

Accrued and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Schedule of Accrued and Other Current Liabilities	Accrued and other current liabilities at June 30, 2016 and December 31, 2015 consisted of the following (in thousands): June 30, December 31, 2016 2015 Accrued compensation $ 18,019 $ 25,281 Accrued property and other taxes 22,991 23,790 Accrued severance and other charges 19,939 22,244 Income taxes 4,317 7,385 Accrued inventory 491 5,281 Accrued medical claims 3,440 4,141 Accrued purchase orders 4,425 5,562 Other 16,420 18,200 Total accrued and other current liabilities $ 90,042 $ 111,884

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	A summary of financial assets and liabilities that are measured at fair value on a recurring basis, as of June 30, 2016 and December 31, 2015 were as follows (in thousands): Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs (Level 1) (Level 2) (Level 3) Total June 30, 2016 Assets: Derivative financial instruments $ — $ 529 $ — $ 529 Investments available-for-sale: Marketable securities - deferred compensation plan — 46,406 — 46,406 Marketable securities - other 3,664 — — 3,664 Liabilities: Marketable securities - deferred compensation plan — 41,262 — 41,262 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

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Foreign Currency Derivative Contracts	As of June 30, 2016 and December 31, 2015 , we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands): June 30, 2016 Notional Contractual Settlement Derivative Contracts Amount Exchange Rate Date Canadian dollar $ 3,765 1.2749 9/13/2016 Euro 4,420 1.1334 9/13/2016 Euro 3,470 1.1192 7/14/2016 Norwegian kroner 5,891 8.1482 9/13/2016 Pound sterling 3,620 1.4480 9/13/2016 December 31, 2015 Notional Contractual Settlement Derivative Contracts Amount Exchange Rate Date Canadian dollar $ 5,091 1.3751 1/13/2016 Euro 19,706 1.0948 1/13/2016 Norwegian kroner 11,498 8.6973 1/13/2016 Pound sterling 7,516 1.5031 1/13/2016
Schedule of Fair Value by Balance Sheet Location	The following table summarizes the location and fair value amounts of all derivative contracts in the condensed consolidated balance sheets as of June 30, 2016 and December 31, 2015 (in thousands): Derivatives not Designated as Hedging Instruments Consolidated Balance Sheet Location June 30, 2016 December 31, 2015 Foreign currency contracts Accounts receivable, net $ 529 $ 210
Impact of Derivatives Instruments on the Income Statement	The following table summarizes the location and amounts of the realized and unrealized losses on derivative contracts in the condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended June 30, June 30, Derivatives not Designated as Hedging Instruments Location of Loss Recognized in Income on Derivative Contracts 2016 2015 2016 2015 Unrealized gain on foreign currency contracts Other income $ 1,293 $ — $ 319 $ — Realized loss on foreign currency contracts Other income (865 ) — (1,579 ) — Total net income (loss) on foreign currency contracts $ 428 $ — $ (1,260 ) $ —
Offsetting Assets	The following table presents the gross and net fair values of our derivatives at June 30, 2016 and December 31, 2015 (in thousands): Derivative Asset Positions Derivative Liability Positions June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 Gross position - asset / (liability) $ 551 $ 316 $ (22 ) $ (106 ) Netting adjustment (22 ) (106 ) 22 106 Net position - asset / (liability) $ 529 $ 210 $ — $ —
Offsetting Liabilities	The following table presents the gross and net fair values of our derivatives at June 30, 2016 and December 31, 2015 (in thousands): Derivative Asset Positions Derivative Liability Positions June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 Gross position - asset / (liability) $ 551 $ 316 $ (22 ) $ (106 ) Netting adjustment (22 ) (106 ) 22 106 Net position - asset / (liability) $ 529 $ 210 $ — $ —

Earnings (Loss) Per Common Sh37

Earnings (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table summarizes the basic and diluted earnings (loss) per share calculations (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Numerator - Basic Income (loss) from continuing operations $ (45,287 ) $ 28,853 $ (47,695 ) $ 75,254 Less: Net (income) loss attributable to noncontrolling interest 13,889 (8,023 ) 15,525 (20,145 ) Less: Preferred stock dividends (1 ) (2 ) (1 ) (2 ) Net income (loss) available to common shareholders $ (31,399 ) $ 20,828 $ (32,171 ) $ 55,107 Numerator - Diluted Income (loss) from continuing operations attributable to common shareholders $ (31,399 ) $ 20,828 $ (32,171 ) $ 55,107 Add: Net income attributable to noncontrolling interest (1), (2) — 7,664 — 17,602 Add: Preferred stock dividends (2) — 2 — 2 Dilutive net income (loss) available to common shareholders $ (31,399 ) $ 28,494 $ (32,171 ) $ 72,711 Denominator Basic weighted average common shares 155,440 154,344 155,342 154,337 Exchange of noncontrolling interest for common stock (Note 11), (2) — 52,976 — 52,976 Restricted stock units (2) — 1,789 — 1,489 Stock to be issued pursuant to ESPP (2) — 5 — 2 Diluted weighted average common shares 155,440 209,114 155,342 208,804 Earnings (loss) per common share: Basic $ (0.20 ) $ 0.14 $ (0.21 ) $ 0.36 Diluted $ (0.20 ) $ 0.14 $ (0.21 ) $ 0.35 (1) Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock $ — $ 359 $ — $ 2,543 (2) Approximate number of shares of potentially convertible preferred stock to common stock, unvested restricted stock units and stock to be issued pursuant to the ESPP have been excluded from the computation of diluted earnings (loss) per share as the effect would be anti-dilutive when the results from operations are at a net loss. 54,534 — 54,489 —

Severance and Other Charges (Ta

Severance and Other Charges (Tables)	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	Below is a reconciliation of the beginning and ending liability balance (in thousands): International Services U.S. Services Tubular Sales Total Beginning balance, December 31, 2015 $ 78 $ 22,166 $ — $ 22,244 Additions for costs expensed 2,590 1,549 185 4,324 Other adjustments — (341 ) 341 — Severance and other payments (2,167 ) (3,936 ) (526 ) (6,629 ) Ending balance, June 30, 2016 $ 501 $ 19,438 $ — $ 19,939

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
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 (loss) from continuing operations (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Segment Adjusted EBITDA: International Services $ (4,159 ) $ 55,311 $ 27,220 $ 107,596 U.S. Services (11,318 ) 16,714 (10,500 ) 61,662 Tubular Sales 1,624 7,978 1,178 11,097 Corporate and other 180 31 202 24 Adjusted EBITDA Total (13,673 ) 80,034 18,100 180,379 Interest income (expense), net 198 (31 ) 404 (23 ) Income tax benefit (expense) 7,705 (10,629 ) 8,511 (21,891 ) Depreciation and amortization (28,283 ) (27,710 ) (57,733 ) (51,711 ) Gain (loss) on sale of assets 279 (687 ) 1,049 (871 ) Foreign currency loss (4,170 ) (2,767 ) (4,211 ) (1,234 ) Equity-based compensation expense (4,320 ) (8,308 ) (8,528 ) (16,373 ) Severance and other charges (3,718 ) (1,049 ) (4,324 ) (13,022 ) Unrealized and realized gains (losses) 695 — (963 ) — Income (loss) from continuing operations $ (45,287 ) $ 28,853 $ (47,695 ) $ 75,254
Schedule of Segment Reporting Information, by Segment	The following tables set forth certain financial information with respect to our reportable segments. Included in “Corporate and Other” are intersegment eliminations and costs associated with activities of a general nature (in thousands): International Services U.S. Services Tubular Sales Corporate and Other Total Three Months Ended June 30, 2016 Revenue from external customers $ 57,350 $ 37,118 $ 26,478 $ — $ 120,946 Inter-segment revenues 29 3,940 4,351 (8,320 ) — Adjusted EBITDA (4,159 ) (11,318 ) 1,624 180 (13,673 ) Three Months Ended June 30, 2015 Revenue from external customers $ 122,640 $ 78,418 $ 53,246 $ — $ 254,304 Inter-segment revenues 229 6,644 10,544 (17,417 ) — Adjusted EBITDA 55,311 16,714 7,978 31 80,034 Six Months Ended June 30, 2016 Revenue from external customers $ 140,412 $ 85,898 $ 48,122 $ — $ 274,432 Inter-segment revenues 45 8,050 10,017 (18,112 ) — Adjusted EBITDA 27,220 (10,500 ) 1,178 202 18,100 Six Months Ended June 30, 2015 Revenue from external customers $ 246,841 $ 187,704 $ 97,196 $ — $ 531,741 Inter-segment revenues 606 14,558 22,435 (37,599 ) — Adjusted EBITDA 107,596 61,662 11,097 24 180,379

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Noncontrolling Interest [Line Items]
Net income (loss)	$ (45,287)	$ 28,853	$ (47,695)	$ 75,254
Income (loss) before income tax expense (benefit)	(52,992)	39,482	(56,206)	97,145
Net income (loss) attributable to noncontrolling interest	(13,889)	8,023	(15,525)	20,145
Frank's International C.V.
Noncontrolling Interest [Line Items]
Net income (loss)	(45,287)	28,853	(47,695)	75,254
Add: Provision (benefit) for U.S. income taxes of FINV	(9,609)	813	(13,493)	7,076
Less: (Income) of FINV	88	1,773	(74)	(3,390)
Income (loss) before income tax expense (benefit)	$ (54,808)	$ 31,439	$ (61,262)	$ 78,940
Noncontrolling interest percentage	25.30%	25.50%	25.30%	25.50%
Net income (loss) attributable to noncontrolling interest	$ (13,889)	$ 8,023	$ (15,525)	$ 20,145

Acquisition (Details)

Acquisition (Details) - Timco Services, Inc.	Apr. 01, 2015USD ($)payment	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Business Acquisition [Line Items]
Cash payment 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		$ 7,000
Goodwill	4,900,000
Intangible assets acquired	$ 7,900,000
Amortization expense for intangible assets		$ 400,000	$ 400,000	$ 900,000	$ 400,000

Accounts Receivable, net (Detai

Accounts Receivable, net (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Receivables [Abstract]
Trade accounts receivable, net of allowance of $12,421 and $2,528, respectively	$ 99,620	$ 166,256
Allowance for trade accounts receivable	12,421	2,528
Unbilled revenue	32,815	40,033
Taxes receivable	32,849	34,163
Affiliated	608	3,966
Other receivables	3,017	1,773
Total accounts receivable	$ 168,909	$ 246,191

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Pipe and connectors	$ 119,818	$ 137,245
Finished goods	4,245	4,020
Work in progress	5,955	5,230
Raw materials, components and supplies	15,168	14,768
Total inventories	$ 145,186	$ 161,263

Property, Plant and Equipment44

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,254,590	$ 1,245,232
Less: Accumulated depreciation	(666,334)	(620,273)
Total property, plant and equipment, net	588,256	624,959
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	14,176	10,119
Land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 9,378	9,289
Land improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	8 years
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	$ 70,615	74,152
Rental machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 906,542	898,134
Machinery and equipment - other
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 60,223	60,250
Furniture, fixtures and computers
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	5 years
Property, plant and equipment, gross	$ 18,272	18,240
Automobiles and other vehicles
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	5 years
Property, plant and equipment, gross	$ 43,896	48,402
Aircraft
Property, Plant and Equipment [Line Items]
Estimated Useful Lives in Years	7 years
Property, plant and equipment, gross	$ 16,267	16,267
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 8,314	7,947
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	$ 106,907	$ 102,432

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Marketable securities held in Rabbi Trust	$ 46,406	$ 45,254
Deferred tax asset	177	536
Deposits	2,150	2,031
Other	6,125	5,112
Total other assets	$ 54,858	$ 52,933

Accrued and Other Current Lia46

Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued compensation	$ 18,019	$ 25,281
Accrued property and other taxes	22,991	23,790
Accrued severance and other charges	19,939	22,244
Income taxes	4,317	7,385
Accrued inventory	491	5,281
Accrued medical claims	3,440	4,141
Accrued purchase orders	4,425	5,562
Other	16,420	18,200
Total accrued and other current liabilities	$ 90,042	$ 111,884

Debt (Details)

Debt (Details)	6 Months Ended
	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity limit	$ 100,000,000
Maximum additional borrowing capacity	150,000,000
Letters of credit, amount outstanding	$ 3,900,000	$ 4,700,000
Maximum debt to adjusted EBITDA ratio	2.50
Minimum EBITDA to interest expense ratio	3
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.25%
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.375%
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Federal Funds Effective Rate | Interest Option 1, Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Eurodollar | Interest Option 1, Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Eurodollar | Interest Option 1, Base Rate | Minimum
Line of Credit Facility [Line Items]
Additional spread on variable rate	0.50%
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Eurodollar | Interest Option 1, Base Rate | Maximum
Line of Credit Facility [Line Items]
Additional spread on variable rate	1.50%
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Eurodollar | Interest Option 2, Adjusted Eurodollar Rate
Line of Credit Facility [Line Items]
Threshold for change in interest payment schedule, number of months	3 months
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Eurodollar | Interest Option 2, Adjusted Eurodollar Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Eurodollar | Interest Option 2, Adjusted Eurodollar Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.50%
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity limit	$ 20,000,000
Lines Of Credit | Revolving Credit Facility Maturing August 2018 | Swing Line Loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity limit	10,000,000
Insurance Notes Payable
Line of Credit Facility [Line Items]
Debt instrument, face amount		$ 7,600,000
Debt instrument, interest rate (as a percent)		1.90%
Total outstanding	$ 2,100,000	$ 6,900,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	$ 529	$ 210
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	529	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	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	529	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	0
Fair Value, Measurements, Recurring | Marketable securities - deferred compensation plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments available-for-sale	46,406	45,254
Marketable securities liability	41,262	43,568
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]
Investments available-for-sale	0	0
Marketable securities liability	0	0
Fair Value, Measurements, Recurring | Marketable securities - deferred compensation plan | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments available-for-sale	46,406	45,254
Marketable securities liability	41,262	43,568
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]
Investments available-for-sale	0	0
Marketable securities liability	0	0
Fair Value, Measurements, Recurring | Marketable securities - other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments available-for-sale	3,664	2,387
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]
Investments available-for-sale	3,664	2,387
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]
Investments available-for-sale	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]
Investments available-for-sale	$ 0	$ 0

Preferred Stock (Details)

Preferred Stock (Details) - Series A Preferred Stock $ in Thousands	Jun. 03, 2016USD ($)	Jun. 30, 2016€ / sharesshares	Dec. 31, 2015€ / sharesshares
Class of Stock [Line Items]
Series A preferred stock, shares issued		52,976,000	52,976,000
Series A preferred stock, shares outstanding		52,976,000	52,976,000
Par value per share (EUR per share) | € / shares		€ 0.01	€ 0.01
Preferred stock dividend rate		0.25%
Annual dividend paid | $	$ 1,476
Preferred stock, number of votes per share		1

Derivatives - Foreign Currency

Derivatives - Foreign Currency Derivative Contracts (Details) - Not Designated as Hedging Instrument $ in Thousands	Jun. 30, 2016USD ($)$ / £$ / €$ / NOK$ / CAD	Dec. 31, 2015USD ($)$ / £$ / €$ / NOK$ / CAD
Foreign currency contracts | Canadian dollar
Derivative [Line Items]
Notional Amount	$ 3,765	$ 5,091
Contractual Exchange Rate | $ / CAD	1.2749	1.3751
Foreign currency contracts | Euro
Derivative [Line Items]
Notional Amount		$ 19,706
Contractual Exchange Rate | $ / €		1.0948
Foreign currency contracts | Norwegian kroner
Derivative [Line Items]
Notional Amount	$ 5,891	$ 11,498
Contractual Exchange Rate | $ / NOK	8.1482	8.6973
Foreign currency contracts | Pound sterling
Derivative [Line Items]
Notional Amount	$ 3,620	$ 7,516
Contractual Exchange Rate | $ / £	1.4480	1.5031
Foreign currency contracts, settlement date September 13, 2016 | Euro
Derivative [Line Items]
Notional Amount	$ 4,420
Contractual Exchange Rate | $ / €	1.1334
Foreign currency contracts, settlement date July 14, 2016 | Euro
Derivative [Line Items]
Notional Amount	$ 3,470
Contractual Exchange Rate | $ / €	1.1192

Derivatives - Fair Value by Bal

Derivatives - Fair Value by Balance Sheet Location (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Derivative asset	$ 529	$ 210
Not Designated as Hedging Instrument | Foreign currency contracts | Accounts receivable, net
Derivative [Line Items]
Derivative asset	$ 529	$ 210

Derivatives - Impact of Derivat

Derivatives - Impact of Derivative Instruments on Income Statement (Details) - Not Designated as Hedging Instrument - Foreign currency contracts - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative [Line Items]
Total net income (loss) on foreign currency contracts	$ 428,000	$ 0	$ (1,260,000)	$ 0
Other income
Derivative [Line Items]
Unrealized gain on foreign currency contracts	1,293,000	0	319,000	0
Realized loss on foreign currency contracts	$ (865,000)	$ 0	$ (1,579,000)	$ 0

Derivatives - Gross and Net Fai

Derivatives - Gross and Net Fair Value of Derivatives (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative asset positions, gross position - asset	$ 551	$ 316
Derivative asset positions, netting adjustment	(22)	(106)
Derivative asset positions, net position - asset	529	210
Derivative liability positions, gross position - liability	(22)	(106)
Derivative liability positions, netting adjustment	22	106
Derivative liability positions, net position - liability	$ 0	$ 0

Treasury Stock (Details)

Treasury Stock (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Equity [Abstract]
Treasury stock, shares	606,540	514,812
Treasury stock, value	$ 10,694	$ 9,298

Related Party Transactions (Det

Related Party Transactions (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Related Party Transaction [Line Items]
Net charter expense	$ 95,177	$ 201,282	$ 226,434	$ 433,687
Conversion ratio, preferred stock to common stock			1
Percentage of tax benefits realized payable	85.00%		85.00%
Percentage retained under tax receivable agreement			15.00%
Tax receivable agreement, liability	$ 85,600		$ 85,600
Tax receivable agreement, liability, discount rate	4.86%		4.86%
Affiliated Entity
Related Party Transaction [Line Items]
Rent expense	$ 1,800	2,000	$ 4,500	4,000
Western Airways
Related Party Transaction [Line Items]
Net charter expense	$ 500	$ 400	$ 500	$ 800

Earnings (Loss) Per Common Sh56

Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator - Basic
Income (loss) from continuing operations	$ (45,287)	$ 28,853	$ (47,695)	$ 75,254
Less: Net (income) loss attributable to noncontrolling interest	13,889	(8,023)	15,525	(20,145)
Less: Preferred stock dividends	(1)	(2)	(1)	(2)
Net income (loss) available to Frank's International N.V. common shareholders	(31,399)	20,828	(32,171)	55,107
Numerator - Diluted
Net income (loss) available to Frank's International N.V. common shareholders	(31,399)	20,828	(32,171)	55,107
Add: Net income attributable to noncontrolling interest	0	7,664	0	17,602
Add: Preferred stock dividends	0	2	0	2
Dilutive net income (loss) available to common shareholders	$ (31,399)	$ 28,494	$ (32,171)	$ 72,711
Denominator
Basic weighted average common shares	155,440	154,344	155,342	154,337
Exchange of noncontrolling interest for common stock (in shares)	0	52,976	0	52,976
Restricted stock units (in shares)	0	1,789	0	1,489
Stock to be issued pursuant to ESPP (in shares)	0	5	0	2
Diluted weighted average common shares	155,440	209,114	155,342	208,804
Earnings (loss) per common share:
Basic (in dollars per share)	$ (0.20)	$ 0.14	$ (0.21)	$ 0.36
Diluted (in dollars per share)	$ (0.20)	$ 0.14	$ (0.21)	$ 0.35
Adjusted for the additional tax expense upon the assumed conversion of the Preferred Stock	$ 0	$ 359	$ 0	$ 2,543
Approximate number of shares of potentially convertible preferred stock to common stock, unvested restricted stock units and stock to be issued pursuant to the ESPP have been excluded from the computation of diluted earnings (loss) per share as the effect would be anti-dilutive when the results from operations are at a net loss.	54,534	0	54,489	0

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Effective income tax rate	14.50%	26.90%	15.10%	22.50%
U.S. statutory income tax rate	35.00%	35.00%	35.00%	35.00%

Severance and Other Charges (De

Severance and Other Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Restructuring Reserve
Beginning balance, December 31, 2015			$ 22,244
Additions for costs expensed	$ 3,718	$ 1,049	4,324	$ 13,022
Other adjustments			0
Severance and other payments			(6,629)
Ending balance, June 30, 2016	19,939		19,939
International Services
Restructuring Reserve
Beginning balance, December 31, 2015			78
Additions for costs expensed			2,590
Other adjustments			0
Severance and other payments			(2,167)
Ending balance, June 30, 2016	501		501
U.S. Services
Restructuring Reserve
Beginning balance, December 31, 2015			22,166
Additions for costs expensed			1,549
Other adjustments			(341)
Severance and other payments			(3,936)
Ending balance, June 30, 2016	19,438		19,438
Tubular Sales
Restructuring Reserve
Beginning balance, December 31, 2015			0
Additions for costs expensed			185
Other adjustments			341
Severance and other payments			(526)
Ending balance, June 30, 2016	$ 0		$ 0

Segment Information - EBITDA Re

Segment Information - EBITDA Reconciliation (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)segmentft	Jun. 30, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			3
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	$ (13,673)	$ 80,034	$ 18,100	$ 180,379
Interest income (expense), net	198	(31)	404	(23)
Income tax benefit (expense)	7,705	(10,629)	8,511	(21,891)
Depreciation and amortization	(28,283)	(27,710)	(57,733)	(51,711)
Gain (loss) on sale of assets	279	(687)	1,049	(871)
Foreign currency loss	(4,170)	(2,767)	(4,211)	(1,234)
Equity-based compensation expense	(4,320)	(8,308)	(8,528)	(16,373)
Severance and other charges	(3,718)	(1,049)	(4,324)	(13,022)
Unrealized and realized gains (losses)	695	0	(963)	0
Income (loss) from continuing operations	(45,287)	28,853	(47,695)	75,254
International Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Severance and other charges			(2,590)
U.S. Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Severance and other charges			(1,549)
Tubular Sales
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Severance and other charges			(185)
Operating segments | International Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	(4,159)	55,311	27,220	107,596
Operating segments | U.S. Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	(11,318)	16,714	(10,500)	61,662
Operating segments | Tubular Sales
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	1,624	7,978	1,178	11,097
Corporate and other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	$ 180	$ 31	$ 202	$ 24
Maximum | Tubular Sales
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Length of tubulars used as caissons or pilings (in feet) | ft			300

Segment Information - Financial

Segment Information - Financial Information with Respect to Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue from External Customer [Line Items]
Total revenue	$ 120,946	$ 254,304	$ 274,432	$ 531,741
Adjusted EBITDA	(13,673)	80,034	18,100	180,379
Operating segments | International Services
Revenue from External Customer [Line Items]
Total revenue	57,350	122,640	140,412	246,841
Adjusted EBITDA	(4,159)	55,311	27,220	107,596
Operating segments | U.S. Services
Revenue from External Customer [Line Items]
Total revenue	37,118	78,418	85,898	187,704
Adjusted EBITDA	(11,318)	16,714	(10,500)	61,662
Operating segments | Tubular Sales
Revenue from External Customer [Line Items]
Total revenue	26,478	53,246	48,122	97,196
Adjusted EBITDA	1,624	7,978	1,178	11,097
Inter-segment
Revenue from External Customer [Line Items]
Total revenue	(8,320)	(17,417)	(18,112)	(37,599)
Inter-segment | International Services
Revenue from External Customer [Line Items]
Total revenue	29	229	45	606
Inter-segment | U.S. Services
Revenue from External Customer [Line Items]
Total revenue	3,940	6,644	8,050	14,558
Inter-segment | Tubular Sales
Revenue from External Customer [Line Items]
Total revenue	4,351	10,544	10,017	22,435
Corporate and Other
Revenue from External Customer [Line Items]
Total revenue	0	0	0	0
Adjusted EBITDA	$ 180	$ 31	$ 202	$ 24