Expro (XPRO) 10-Q 7 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 2017
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, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		223,053,572

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 274,950	$ 319,526
Accounts receivables, net	167,965	167,417
Inventories	135,098	139,079
Assets held for sale	4,876	0
Other current assets	10,895	14,027
Total current assets	593,784	640,049
Property, plant and equipment, net	525,839	567,024
Goodwill and intangible assets, net	250,503	256,146
Deferred tax assets	90,335	79,309
Other assets	32,991	45,533
Total assets	1,493,452	1,588,061
Current liabilities:
Short-term debt	121	276
Accounts payable	19,540	16,081
Deferred revenue	10,367	18,072
Accrued and other current liabilities	71,101	64,950
Total current liabilities	101,129	99,379
Deferred tax liabilities	4,796	20,951
Other non-current liabilities	153,034	156,412
Total liabilities	258,959	276,742
Commitments and contingencies (Note 15)
Stockholders' equity:
Common stock, €0.01 par value, 798,096,000 shares authorized, 223,896,772 shares issued and 223,052,279 shares outstanding at 2017 and 223,161,356 shares issued and 222,401,427 shares outstanding at 2016	2,811	2,802
Additional paid-in capital	1,045,486	1,036,786
Retained earnings	231,231	317,270
Accumulated other comprehensive loss	(31,897)	(32,977)
Treasury stock (at cost), 844,493 shares at 2017 and 759,929 shares at 2016	(13,138)	(12,562)
Total equity	1,234,493	1,311,319
Total liabilities and equity	$ 1,493,452	$ 1,588,061

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - € / shares	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value per share (EUR per share)	€ 0.01	€ 0.01
Common stock, shares authorized (in shares)	798,096,000	798,096,000
Common stock, shares, issued (in shares)	223,896,772	223,161,356
Common stock, shares, outstanding (in shares)	223,052,279	222,401,427
Treasury stock, shares at cost (in shares)	844,493	759,929

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Equipment rentals and services	$ 93,533	$ 95,177	$ 179,855	$ 226,434
Products	24,126	25,769	48,535	47,998
Total revenue	117,659	120,946	228,390	274,432
Cost of revenues, exclusive of depreciation and amortization
Equipment rentals and services	60,777	64,309	117,884	132,658
Products	17,567	19,926	34,412	35,417
General and administrative expenses	42,419	55,667	85,144	98,909
Depreciation and amortization	30,951	28,283	62,050	57,733
Severance and other charges	(299)	3,718	738	4,324
(Gain) loss on sale of assets	210	(279)	(1,262)	(1,049)
Operating loss	(33,966)	(50,678)	(70,576)	(53,560)
Other income (expense):
Other income, net	598	1,658	732	1,161
Interest income, net	753	198	1,151	404
Mergers and acquisition expense	(10)	0	(459)	0
Foreign currency gain (loss)	599	(4,170)	1,345	(4,211)
Total other income (expense)	1,940	(2,314)	2,769	(2,646)
Loss before income tax benefit	(32,026)	(52,992)	(67,807)	(56,206)
Income tax benefit	(6,076)	(7,705)	(15,194)	(8,511)
Net loss	(25,950)	(45,287)	(52,613)	(47,695)
Net loss attributable to noncontrolling interest	0	(13,889)	0	(15,525)
Net loss attributable to Frank's International N.V.	(25,950)	(31,398)	(52,613)	(32,170)
Preferred stock dividends	0	(1)	0	(1)
Net loss available to Frank's International N.V. common shareholders	$ (25,950)	$ (31,399)	$ (52,613)	$ (32,171)
Dividends per common share (in dollars per share)	$ 0.075	$ 0.15	$ 0.15	$ 0.3
Loss per common share:
Basic and diluted (in dollars per share)	$ (0.12)	$ (0.20)	$ (0.24)	$ (0.21)
Weighted average common shares outstanding:
Basic and Diluted (in shares)	222,914	155,440	222,740	155,342

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (25,950)	$ (45,287)	$ (52,613)	$ (47,695)
Other comprehensive income (loss):
Foreign currency translation adjustments	838	(912)	1,321	1,750
Marketable securities:
Unrealized gain (loss) on marketable securities	77	700	(4)	1,116
Reclassification to net income	0	0	(395)	0
Deferred tax asset / liability change	0	(235)	158	(460)
Unrealized gain (loss) on marketable securities, net of tax	77	465	(241)	656
Total other comprehensive income (loss)	915	(447)	1,080	2,406
Comprehensive loss	(25,035)	(45,734)	(51,533)	(45,289)
Less: Comprehensive loss attributable to noncontrolling interest	0	(14,003)	0	(14,916)
Comprehensive loss attributable to Frank's International N.V.	$ (25,035)	$ (31,731)	$ (51,533)	$ (30,373)

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, 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 loss	(47,695)			(32,170)			(15,525)
Foreign currency translation adjustments	1,750				1,306		444
Change in marketable securities	656				491		165
Equity-based compensation expense	8,528		8,528
Distributions to noncontrolling interest	(8,027)						(8,027)
Common stock dividends	(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 employee stock purchase plan (ESPP) (in shares)		76
Common shares issued for employee stock purchase plan (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
Balance at beginning of period (in shares) at Dec. 31, 2016		222,401
Balance at beginning of period at Dec. 31, 2016	1,311,319	$ 2,802	1,036,786	317,270	(32,977)	(12,562)	0
Increase (Decrease) in Stockholders' Equity
Net loss	(52,613)			(52,613)			0
Foreign currency translation adjustments	1,321				1,321		0
Change in marketable securities	(241)				(241)		0
Equity-based compensation expense	9,116		9,116
Common stock dividends	(33,426)			(33,426)
Common shares issued upon vesting of restricted stock units (in shares)		685
Common shares issued upon vesting of restricted stock units	0	$ 7	(7)
Common shares issued for employee stock purchase plan (ESPP) (in shares)		50
Common shares issued for employee stock purchase plan (ESPP)	526	$ 1	525			0
Treasury shares issued upon vesting of restricted stock units (in shares)		1
Treasury shares issued upon vesting of restricted stock units	(8)		(31)			23
Treasury shares issued for ESPP (in shares)		105
Treasury shares issued for ESPP	740	$ 1	(903)			1,642
Treasury shares withheld (in shares)		(190)
Treasury shares withheld	(2,241)					(2,241)
Balance at end of period (in shares) at Jun. 30, 2017		223,052
Balance at end of period at Jun. 30, 2017	$ 1,234,493	$ 2,811	$ 1,045,486	$ 231,231	$ (31,897)	$ (13,138)	$ 0

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (PARENTHETICAL) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in dollars per share)	$ 0.075	$ 0.15	$ 0.15	$ 0.3

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities
Net loss	$ (52,613)	$ (47,695)
Adjustments to reconcile net loss to cash (used in) provided by operating activities
Depreciation and amortization	62,050	57,733
Equity-based compensation expense	9,116	8,528
Amortization of deferred financing costs	246	82
Deferred tax benefit	(20,320)	(9,071)
Provision for bad debts	371	10,374
Gain on sale of assets	(1,262)	(1,049)
Changes in fair value of investments	(1,474)	(329)
Realized loss on sale of investment	478	0
Unrealized (gain) loss on derivatives	730	(319)
Other	(1,876)	0
Changes in operating assets and liabilities
Accounts receivable	(6,697)	68,766
Inventories	5,627	11,378
Other current assets	3,102	3,058
Other assets	1,745	188
Accounts payable	(439)	(2,166)
Deferred revenue	(7,707)	(21,223)
Accrued and other current liabilities	4,839	(17,958)
Other non-current liabilities	(3,383)	(2,260)
Net cash (used in) provided by operating activities	(7,467)	58,037
Cash flows from investing activities
Purchases of property, plant and equipment	(15,197)	(18,371)
Proceeds from sale of assets	2,200	1,957
Proceeds from sale of investments	11,499	0
Purchase of investments	(118)	(838)
Other	(43)	0
Net cash used in investing activities	(1,659)	(17,252)
Cash flows from financing activities
Repayments of borrowings	(154)	(4,960)
Proceeds from borrowings	0	256
Dividends paid on common stock	(33,426)	(46,842)
Dividends paid on preferred stock	0	(1)
Distribution to noncontrolling interest	0	(8,027)
Net treasury shares withheld	(2,249)	(1,396)
Proceeds from the issuance of ESPP shares	1,266	973
Net cash used in financing activities	(34,563)	(59,997)
Effect of exchange rate changes on cash	(887)	(1,776)
Net decrease in cash and cash equivalents	(44,576)	(20,988)
Cash and cash equivalents at beginning of period	319,526	602,359
Cash and cash equivalents at end of period	274,950	581,371
Non-cash transactions:
Change in accounts payable and accrued expenses related to capital expenditures	$ 2,901	$ 739

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2017
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, tubular fabrication and specialty well construction and well intervention solutions 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, 2017 and 2016 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, 2016 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, 2016 , which are included in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on February 24, 2017 ("Annual Report"). 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. Reclassifications Historically, and through December 31, 2016, certain direct and indirect costs related to operations and manufacturing were classified and reported as general and administrative expenses ("G&A"). The historical classification was consistent with the information used by the Company’s chief operating decision maker ("CODM") to assess performance of the Company’s segments and make resource allocation decisions, and the classification of such costs within the condensed consolidated statements of income was aligned with the segment presentation. Effective January 1, 2017, the company changed the classification of certain of these costs in its segment reporting disclosures and within the condensed consolidated statements of income to reflect a change in the presentation of the information used by the Company’s CODM. This reclassification of costs between cost of revenue and G&A has no net impact to the condensed consolidated statements of income or to total segment reporting. The change will better reflect the CODM's philosophy on assessing performance and allocating resources, as well as improve comparability to the Company's peer group. This is a change in costs classification and has been reflected retrospectively for all periods presented. The following is a summary of reclassifications to previously reported amounts (in thousands): Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 As previously reported Reclassifications As currently reported As previously reported Reclassifications As currently reported Condensed Consolidated Statements of Operations Cost of revenues, exclusive of depreciation and amortization Equipment rentals and services $ 52,564 $ 11,745 $ 64,309 $ 108,365 $ 24,293 $ 132,658 Products 17,028 2,898 19,926 29,357 6,060 35,417 General and administrative expenses 70,310 (14,643 ) 55,667 129,262 (30,353 ) 98,909 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 May 2017, the FASB issued guidance to clarify and reduce both (i) diversity in practice and (ii) cost and complexity when accounting for a change to the terms and conditions of a share-based payment award. The guidance is effective for annual periods beginning after December 15, 2017, including interim periods within those periods. Early adoption is permitted. The amendments in this guidance should be applied prospectively to an award modified on or after the adoption date. 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 January 2017, the FASB issued guidance that simplifies the accounting for goodwill impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. The new standard will be applied prospectively, and is effective for public companies for their annual or any interim goodwill impairment tests for fiscal years beginning after December 15, 2019. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Company has adopted the provisions of this new accounting guidance for the Company's annual goodwill impairment analysis for the year ended December 31, 2017. In January 2017, the FASB issued new accounting guidance for business combinations clarifying the definition of a business. The objective of the guidance is to help companies and other organizations which have acquired or sold a business to evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. For public entities, the guidance is effective for annual periods beginning after December 15, 2017, including interim periods within those periods. Early adoption is permitted under certain circumstances. 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 October 2016, the FASB issued new accounting guidance for recognition of income tax consequences of an intra-entity transfer of an asset other than inventory. The objective of the guidance is to eliminate the exception for an intra-entity transfer of an asset other than inventory and requires an entity to recognize the income tax consequences at the time of transfer rather than when the asset is sold to a third party. For public entities, the guidance is effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements have not yet been issued. 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 August 2016, the FASB issued new accounting guidance for classification of certain cash receipts and cash payments in the statement of cash flows. The objective of the guidance is to reduce the existing diversity in practice related to the presentation and classification of certain cash receipts and cash payments. The guidance addresses eight specific cash flow issues including but not limited to, debt prepayment or extinguishment costs, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims and proceeds from the settlement of corporate-owned life insurance policies. For public entities, the guidance is effective for financial statements issued for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and is retrospective for all periods presented. Early adoption is permitted including for interim periods. 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 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. We adopted this guidance on January 1, 2017 and have elected to recognize actual forfeitures when they occur. The adoption did not have an 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 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. We adopted this guidance on January 1, 2017, 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, 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. The standard creates a five step model that requires companies to exercise judgment when considering the terms of a contract and all relevant facts and circumstances. The standard allows for several transition methods: (a) a full retrospective adoption in which the standard is applied to all of the periods presented, or (b) a modified retrospective adoption in which the standard is applied only to the most current period presented in the financial statements, including additional disclosures of the standard’s application impact to individual financial statement line items. 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. We are currently determining the impacts of the new standard on our contract portfolio. Our implementation efforts to date include the identification of revenue streams with similar contract structures, performing a detailed review of key contracts by revenue stream and comparing historical policies and practices to the new standard. Our evaluation of the impact of the new guidance on our consolidated financial statements is ongoing and we continue to evaluate the quantitative and qualitative impacts of the standard on timing of recognition for various revenues, which may be accelerated or deferred depending on the features of the customer arrangements and the presentation of contract costs (whether presented gross or offset against revenues). We currently anticipate adopting this standard using the modified retrospective method.

Noncontrolling Interest

Noncontrolling Interest	6 Months Ended
	Jun. 30, 2017
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. Effective with the August 2016 conversion of all of Mosing Holdings, LLC's ("Mosing Holdings") Series A preferred stock (the "Preferred Stock"), Mosing Holdings transferred all its interest in FICV to us and the noncontrolling interest associated with Mosing Holdings was eliminated. Historically we recorded a noncontrolling interest on our condensed consolidated balance sheet with respect to the remaining economic interest in FICV held by Mosing Holdings. Net loss attributable to noncontrolling interest on the statements of operations represented the portion of earnings or losses attributable to the economic interest in FICV held by Mosing Holdings. The allocable domestic loss from FICV to FINV was subject to U.S. taxation. A reconciliation of net loss attributable to noncontrolling interest is detailed as follows (in thousands): Three Months Ended Six Months Ended June 30, 2016 Net loss $ (45,287 ) $ (47,695 ) Add: Benefit for U.S. income taxes of FINV (1) (9,609 ) (13,493 ) Less: (Income) loss of FINV (2) 88 (74 ) Net loss subject to noncontrolling interest (54,808 ) (61,262 ) Noncontrolling interest percentage (3) 25.3 % 25.3 % Net loss attributable to noncontrolling interest $ (13,889 ) $ (15,525 ) (1) Represents income tax 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 Mosing Holdings at June 30, 2016 . This percentage changed as additional shares of FINV common stock were issued. Effective August 26, 2016, Mosing Holdings delivered its economic interest in FICV to us.

Acquisition and Divestiture

Acquisition and Divestiture	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Acquisition and Divestiture	Acquisition and Divestiture Blackhawk Acquisition On November 1, 2016, we completed a transaction to acquire all outstanding shares in Blackhawk Group Holdings, Inc., the ultimate parent company of Blackhawk Specialty Tools LLC, ("Blackhawk") pursuant to the terms of a definitive merger agreement dated October 6, 2016. Blackhawk is a leading provider of well construction and well intervention services and products and the acquisition will allow us to combine Blackhawk’s cementing tool expertise and well intervention services with our global tubular running services. In conjunction with the acquisition, FI Tools Holdings, LLC, our newly formed subsidiary, merged with and into Blackhawk, with Blackhawk surviving the merger as our wholly-owned subsidiary. The merger consideration was comprised of a combination of $150.4 million of cash on hand and 12.8 million shares of our common stock, on a cash-free, debt-free basis, for total consideration of $294.6 million (based on our closing share price on October 31, 2016 of $11.25 and including working capital adjustments). The unaudited pro forma financial information presented below includes adjustments for amortization expense for identified intangible assets and depreciation expense based on the fair value and estimated lives of acquired property, plant and equipment. In addition, acquisition related costs are excluded from the unaudited pro forma financial information. The following table shows our unaudited pro forma financial information assuming the transaction occurred on January 1, 2015 (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, 2016 Revenue $ 136,680 $ 311,060 Net loss applicable to common shares (37,353 ) (40,964 ) Loss per common share: Basic and diluted $ (0.22 ) $ (0.24 ) The Blackhawk acquisition was accounted for as a business combination. 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. The preliminary purchase price allocation was prepared in connection with our annual financial statements filed on our Annual Report. In 2017, we adjusted the purchase price allocation for a litigation settlement and the final valuation report. The following table summarizes the preliminary and the final purchase price allocations of the fair values of the assets acquired and liabilities assumed as part of the Blackhawk acquisition as of November 1, 2016 as determined in accordance with business combination accounting guidance (in thousands): Preliminary purchase price allocation Purchase price adjustments Final purchase price allocation Current assets, excluding cash $ 23,626 $ — $ 23,626 Property, plant and equipment 45,091 55 45,146 Other long-term assets 3,139 — 3,139 Intangible assets 41,972 153 42,125 Assets acquired $ 113,828 $ 208 $ 114,036 Current liabilities assumed 11,132 185 11,317 Other long-term liabilities 542 — 542 Liabilities assumed $ 11,674 $ 185 $ 11,859 Fair value of net assets acquired 102,154 23 102,177 Total consideration transferred 294,563 — 294,563 Goodwill $ 192,409 $ (23 ) $ 192,386 In conjunction with the merger, we created a fourth segment, Blackhawk, and have recorded goodwill of $192.4 million in that segment. Divestiture On March 15, 2017, we sold a fully depreciated aircraft for a total sales price of $1.3 million and recorded a gain on sale of $1.3 million .

Accounts Receivable, net

Accounts Receivable, net	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Accounts Receivable, net	Accounts Receivable, net Accounts receivable at June 30, 2017 and December 31, 2016 were as follows (in thousands): June 30, December 31, 2017 2016 Trade accounts receivable, net of allowance of $ 108,753 $ 89,096 Unbilled revenue 24,829 30,882 Taxes receivable 29,614 42,870 Affiliated (1) 838 717 Other receivables 3,931 3,852 Total accounts receivable $ 167,965 $ 167,417 (1) Amounts represent expenditures on behalf of non-consolidated affiliates and receivables for aircraft charter income.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at June 30, 2017 and December 31, 2016 were as follows (in thousands): June 30, December 31, 2017 2016 Pipe and connectors $ 92,281 $ 102,360 Finished goods 15,850 14,257 Work in progress 7,933 7,099 Raw materials, components and supplies 19,034 15,363 Total inventories $ 135,098 $ 139,079

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2017
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, 2017 and December 31, 2016 (in thousands): Estimated Useful Lives in Years June 30, December 31, Land — $ 15,948 $ 15,730 Land improvements 8-15 9,256 9,379 Buildings and improvements 39 129,967 73,211 Rental machinery and equipment 7 933,489 933,667 Machinery and equipment - other 7 58,559 60,182 Furniture, fixtures and computers 5 20,767 19,073 Automobiles and other vehicles 5 32,650 36,796 Aircraft 7 — 16,267 Leasehold improvements 7-15, or lease term if shorter 10,261 8,027 Construction in progress - machinery and equipment and buildings — 70,050 120,937 1,280,947 1,293,269 Less: Accumulated depreciation (755,108 ) (726,245 ) Total property, plant and equipment, net $ 525,839 $ 567,024

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets at June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Cash surrender value of life insurance policies (1) $ 29,088 $ 36,269 Deposits 2,217 2,343 Other 1,686 6,921 Total other assets $ 32,991 $ 45,533 (1) See Note 10 – Fair Value Measurements

Accrued and Other Current Liabi

Accrued and Other Current Liabilities	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Accrued and Other Current Liabilities	Accrued and Other Current Liabilities Accrued and other current liabilities at June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Accrued compensation $ 12,239 $ 10,250 Accrued property and other taxes 23,819 19,740 Accrued severance and other charges 1,942 6,150 Income taxes 5,653 6,857 Accrued medical claims 907 604 Accrued purchase orders 6,260 2,083 Other 20,281 19,266 Total accrued and other current liabilities $ 71,101 $ 64,950

Debt

Debt	6 Months Ended
	Jun. 30, 2017
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 to $150.0 million . At June 30, 2017 and December 31, 2016 , we had $4.4 million and $3.7 million , respectively, in letters of credit outstanding and no outstanding borrowings under this facility. 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. 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. On April 28, 2017, the Company obtained a limited waiver under its Revolving Credit Agreement, dated August 14, 2013, by and among FICV (as borrower), Amegy Bank National Association (as administrative agent), Capital One, National Association (as syndication agent) and the other lenders party thereto (the "Credit Agreement"), of its leverage ratio and interest coverage ratio for the fiscal quarters ending March 31, 2017 and June 30, 2017 (the “Waiver”) in order to not be in default for first quarter of 2017 testing. The Company agreed to comply with the following conditions during the period from the effective date of the Waiver until the delivery of its compliance certificate with respect to the fiscal quarter ending September 30, 2017: (i) maintain no less than $250.0 million in liquidity; (ii) abide by certain restrictions regarding the issuance of senior unsecured debt; and (iii) pay interest and commitment fees based on the highest “Applicable Margin” (as defined in the Credit Agreement) level. In connection with the Waiver, the Company paid a waiver fee to each lender that executed the Waiver equal to five basis points of the respective lender’s commitment under the Credit Agreement. Citibank Credit Facility In 2016, we entered into a three -year credit facility with Citibank N.A., UAE Branch in the amount of $6.0 million for the issuance of standby letters of credit and guarantees. The credit facility also allows for open ended guarantees. Outstanding amounts under the credit facility bear interest of 1.25% per annum for amounts outstanding up to one year. Amounts outstanding more than one year bear interest at 1.5% per annum. As of June 30, 2017 and December 31, 2016 , we had $3.0 million and $2.2 million , respectively, in letters of credit outstanding.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2017
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. We have consistently used the same valuation techniques for all periods presented. Please see Note 10 - Fair Value Measurements in our Annual Report for further discussion. A summary of financial assets and liabilities that are measured at fair value on a recurring basis, as of June 30, 2017 and December 31, 2016 , 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, 2017 Assets: Derivative financial instruments $ — $ 25 $ — $ 25 Investments: Cash surrender value of life insurance policies - deferred compensation plan — 29,088 — 29,088 Marketable securities - other 164 — — 164 Liabilities: Derivative financial instruments — 609 — 609 Deferred compensation plan — 27,586 — 27,586 December 31, 2016 Assets: Derivative financial instruments $ — $ 146 $ — $ 146 Investments: Cash surrender value of life insurance policies - deferred compensation plan — 36,269 — 36,269 Marketable securities - other 3,692 — — 3,692 Liabilities: Deferred compensation plan — 30,307 — 30,307 Our derivative financial instruments consist of short-duration foreign currency forward contracts. The fair value of our 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. Derivative financial instruments are included in our condensed consolidated balance sheets in accounts receivable, net and accrued and other current liabilities at June 30, 2017 and in accounts receivable, net, at December 31, 2016 . Our investments associated with our deferred compensation plan consist primarily of the cash surrender value of life insurance policies and are included in other assets on the condensed consolidated balance sheets. Our investments change as a result of contributions, payments, and fluctuations in the market. 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. We also have marketable securities in publicly traded equity securities as an indirect result of strategic investments. They are reported at fair value based on the price of the stock and 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 (see Note 3 - Acquisition and Divestiture), 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 approximate fair values due to their short maturities.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives We enter 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, 2017 and December 31, 2016 , we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands): June 30, 2017 Derivative Contracts Notional Amount Contractual Exchange Rate Settlement Date Canadian dollar $ 6,040 1.3245 9/14/2017 Euro 7,747 1.1227 9/15/2017 Euro 2,260 1.1302 7/14/2017 Norwegian krone 9,472 8.4461 9/15/2017 Pound sterling 11,479 1.2755 9/15/2017 December 31, 2016 Derivative Contracts Notional Amount Contractual Exchange Rate Settlement Date Canadian dollar $ 4,553 1.3179 3/14/2017 Euro 4,753 1.0563 3/14/2017 Euro 2,558 1.0659 1/13/2017 Norwegian krone 3,643 8.5101 3/14/2017 Pound sterling 3,908 1.2607 3/14/2017 The following table summarizes the location and fair value amounts of all derivative contracts in the condensed consolidated balance sheets as of June 30, 2017 and December 31, 2016 (in thousands): Derivatives not Designated as Hedging Instruments Consolidated Balance Sheet Location June 30, 2017 December 31, 2016 Foreign currency contracts Accounts receivable, net $ 25 $ 146 Foreign currency contracts Accrued and other current liabilities (609 ) — The following table summarizes the location and amounts of the realized and unrealized gains and 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 Gain (Loss) Recognized in Income on Derivative Contracts 2017 2016 2017 2016 Unrealized gain (loss) on foreign currency contracts Other income, net $ (274 ) $ 1,293 $ (730 ) $ 319 Realized loss on foreign currency contracts Other income, net (807 ) (865 ) (552 ) (1,579 ) Total net income (loss) on foreign currency contracts $ (1,081 ) $ 428 $ (1,282 ) $ (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, 2017 and December 31, 2016 (in thousands): Derivative Asset Positions Derivative Liability Positions June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 Gross position - asset / (liability) $ 25 $ 181 $ (609 ) $ (35 ) Netting adjustment — (35 ) — 35 Net position - asset / (liability) $ 25 $ 146 $ (609 ) $ —

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2017
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 $1.7 million and $1.8 million for the three months ended June 30, 2017 and 2016 , respectively, and $3.5 million and $4.5 million for the six months ended June 30, 2017 and 2016 , 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 $0.7 million and $0.5 million of net charter expense for the three months ended June 30, 2017 and 2016 , respectively, and $0.6 million and $0.5 million of net charter expense for six months ended June 30, 2017 and 2016 , respectively. During the first quarter of 2017, we committed to a formal plan to sell two aircraft and determined those assets met the criteria to be classified as held for sale in our unaudited condensed consolidated balance sheet. Tax Receivable Agreement Mosing Holdings and its permitted transferees converted all of their Preferred Stock into shares of our common stock on a one -for-one basis on August 26, 2016, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications and other similar transactions, by delivery of an equivalent portion of their interests in FICV to us (the “Conversion”). FICV will make an election under Section 754 of the Internal Revenue Code. Pursuant to the Section 754 election, the Conversion will result in an adjustment to the tax basis of the tangible and intangible assets of FICV with respect to the portion of FICV now held by FINV. These adjustments will be allocated to FINV. The adjustments to the tax basis of the tangible and intangible assets of FICV described above would not have been available absent this Conversion. The 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 Mosing Holdings in connection with our initial public offering ("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 Conversion 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. The payments under the TRA will not be conditioned upon a holder of rights under the TRA having a continued ownership interest in either FICV or FINV. We will retain the remaining 15% of cash savings, if any. As of both June 30, 2017 and December 31, 2016 , our estimated TRA liability was $124.6 million . This represents 85% of the future cash savings expected from the utilization of the original basis adjustments plus subsequent basis adjustments that will result from payments under the TRA agreement. The estimation of the TRA liability is by its nature imprecise and subject to significant assumptions regarding the amount and timing of taxable income in the future and the tax rates then applicable. The time period over which the cash savings is expected to be realized is estimated to be over 20 years . Based on FINV’s estimated tax position, we expect to make a TRA payment in 2017 of approximately $2.1 million for the tax year ending December 31, 2016. 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 FINV elects to exercise its sole right to terminate the TRA early. If FINV elects to terminate the TRA early, which it may do so in its sole discretion, 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 Mosing Holdings 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, 2017 , the estimated termination payment would be approximately $ 100.8 million (calculated using a discount rate of 5.61% ). 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 or 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.

Loss Per Common Share

Loss Per Common Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Loss Per Common Share	Loss Per Common Share Basic loss per common share is determined by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is determined by dividing 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 employee stock purchase plan shares. Through August 26, 2016, the date of the conversion of all of Mosing Holdings' Preferred Stock and Mosing Holdings' transfer of interest in FICV to us, the diluted loss per share calculation assumed the conversion of 100% of our outstanding Preferred Stock on an as if converted basis. Accordingly, the numerator was 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 loss per share calculations (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Numerator Net loss $ (25,950 ) $ (45,287 ) $ (52,613 ) $ (47,695 ) Less: Net loss attributable to noncontrolling interest — 13,889 — 15,525 Less: Preferred stock dividends — (1 ) — (1 ) Net loss available to common shareholders $ (25,950 ) $ (31,399 ) $ (52,613 ) $ (32,171 ) Denominator Basic and diluted (1) weighted average common shares 222,914 155,440 222,740 155,342 Loss per common share: Basic and diluted $ (0.12 ) $ (0.20 ) $ (0.24 ) $ (0.21 ) (1) Approximate number of shares of potentially convertible preferred stock to common stock up until the time of conversion on August 26, 2016, unvested restricted stock units and stock to be issued pursuant to the employee stock purchase plan have been excluded from the computation of diluted loss per share as the effect would be anti-dilutive when the results from operations are at a net loss. 425 54,534 616 54,489

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
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 loss before income taxes was 19.0% and 14.5% for the three months ended June 30, 2017 and 2016 , respectively, and 22.4% and 15.1% for the six months ended June 30, 2017 and 2016 , respectively. The higher rate is due primarily to 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, 2017 , there were no significant changes to our unrecognized tax benefits as reported in our audited financial statements for the year ended December 31, 2016 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
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, 2017 and December 31, 2016 . 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 SEC, the United States Department of Justice and other governmental entities. It is our intent to fully cooperate with these agencies and any other applicable authorities in connection with any further investigation that may be conducted in connection with this matter. While our review has not indicated that there has been any material impact on our previously filed financial statements, we have continued to collect information and cooperate with the authorities, but at this time are unable to predict the ultimate resolution of these matters with these agencies. In addition, during the course of the investigation, we discovered historical business transactions (and bids to enter into business transactions) in certain countries that may have been subject to U.S. and other international sanctions. We have disclosed this information to various governmental entities (including those involved in our ongoing investigation), but at this time are unable to predict the ultimate resolution of these matters with these agencies, including any financial impact to us.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2017
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 CODM in deciding how to allocate resources and assess performance. We are comprised of four reportable segments: International Services, U.S. Services, Tubular Sales and Blackhawk. 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 the active onshore oil and gas drilling regions in the U.S., including the Permian Basin, Eagle Ford Shale, Haynesville Shale, Marcellus Shale, DJ Basin and Utica Shale, as well as in the U.S. Gulf of Mexico. The Tubular Sales segment designs, manufactures and distributes large outside diameter ("OD") pipe, connectors and casing attachments and sells large OD pipe originally manufactured by various pipe mills. We also provide specialized fabrication and welding services in support of offshore projects, including drilling and production risers, flowlines and pipeline end terminations, as well as long length tubulars (up to 300 feet in length) for use as caissons or pilings. This segment also designs and manufactures proprietary equipment for use in our International and U.S. Services segments. The Blackhawk segment provides well construction and well intervention rental equipment, services and products, in addition to cementing tool expertise, in the U.S. and Mexican Gulf of Mexico, onshore U.S. and other select international locations. Adjusted EBITDA We define Adjusted EBITDA as net income (loss) before interest income, net, 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 other 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), income tax, foreign currency exchange rates and other charges and credits. 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 presented in accordance with GAAP. Previously reported Adjusted EBITDA for the three and six months ended June 30, 2016 has been adjusted for investigation-related matters by $1.4 million and $3.3 million , respectively, as management believes removing the effect of these items allows for better comparability across periods. Our CODM uses Adjusted EBITDA as the primary measure of segment reporting performance. The following table presents a reconciliation of Segment Adjusted EBITDA to net loss (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Segment Adjusted EBITDA: International Services $ 9,022 $ (4,159 ) $ 14,308 $ 27,220 U.S. Services (9,238 ) (9,753 ) (16,453 ) (7,023 ) Tubular Sales 815 1,624 3,069 1,178 Blackhawk 2,965 — 4,176 — 3,564 (12,288 ) 5,100 21,375 Interest income, net 753 198 1,151 404 Income tax benefit 6,076 7,705 15,194 8,511 Depreciation and amortization (30,951 ) (28,283 ) (62,050 ) (57,733 ) Gain (loss) on sale of assets (210 ) 279 1,262 1,049 Foreign currency gain (loss) 599 (4,170 ) 1,345 (4,211 ) Charges and credits (1) (5,781 ) (8,728 ) (14,615 ) (17,090 ) Net loss $ (25,950 ) $ (45,287 ) $ (52,613 ) $ (47,695 ) (1) Comprised of Equity-based compensation expense (for the three months ended June 30, 2017 and 2016 : $3,415 and $4,320 , respectively, and for the six months ended June 30, 2017 and 2016 : $9,116 and $8,528 , respectively), Mergers and acquisition expense (for the three months ended June 30, 2017 and 2016 : $10 and none , respectively, and for the six months ended June 30, 2017 and 2016 : $459 and none , respectively), Severance and other charges (for the three months ended June 30, 2017 and 2016 : $(299) and $3,718 , respectively, and for the six months ended June 30, 2017 and 2016 : $738 and $4,324 , respectively), Unrealized and realized gains (losses) (for the three months ended June 30, 2017 and 2016 : $(1,088) and $695 , respectively, and for the six months ended June 30, 2017 and 2016 : $(1,696) and $(963) , respectively) and Investigation-related matters (for the three months ended June 30, 2017 and 2016 : $1,567 and $1,385 , respectively, and for the six months ended June 30, 2017 and 2016 : $2,606 and $3,275 , respectively). The following tables set forth certain financial information with respect to our reportable segments (in thousands): International Services U.S. Services Tubular Sales Blackhawk Eliminations Total Three Months Ended June 30, 2017 Revenue from external customers $ 53,499 $ 29,905 $ 16,141 $ 18,114 $ — $ 117,659 Inter-segment revenue 12 4,543 3,564 72 (8,191 ) — Operating income (loss) (6,980 ) (24,292 ) 805 (3,499 ) — (33,966 ) Adjusted EBITDA 9,022 (9,238 ) 815 2,965 — * Three Months Ended June 30, 2016 Revenue from external customers $ 57,350 $ 37,118 $ 26,478 $ — $ — $ 120,946 Inter-segment revenue 29 3,940 4,351 — (8,320 ) — Operating income (loss) (22,430 ) (28,649 ) 401 — — (50,678 ) Adjusted EBITDA (4,159 ) (9,753 ) 1,624 — — * Six Months Ended June 30, 2017 Revenue from external customers $ 100,109 $ 60,871 $ 33,086 $ 34,324 $ — $ 228,390 Inter-segment revenue 15 8,828 7,239 72 (16,154 ) — Operating income (loss) (16,493 ) (47,639 ) 3,185 (9,629 ) — (70,576 ) Adjusted EBITDA 14,308 (16,453 ) 3,069 4,176 — * Six Months Ended June 30, 2016 Revenue from external customers $ 140,412 $ 85,898 $ 48,122 $ — $ — $ 274,432 Inter-segment revenue 45 8,050 10,017 — (18,112 ) — Operating loss (8,137 ) (44,307 ) (1,116 ) — — (53,560 ) Adjusted EBITDA 27,220 (7,023 ) 1,178 — — * * Non-GAAP financial measure not disclosed.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2017
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, 2017 and 2016 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, 2016 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, 2016 , which are included in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on February 24, 2017 ("Annual Report"). 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.
Reclassifications	Reclassifications Historically, and through December 31, 2016, certain direct and indirect costs related to operations and manufacturing were classified and reported as general and administrative expenses ("G&A"). The historical classification was consistent with the information used by the Company’s chief operating decision maker ("CODM") to assess performance of the Company’s segments and make resource allocation decisions, and the classification of such costs within the condensed consolidated statements of income was aligned with the segment presentation. Effective January 1, 2017, the company changed the classification of certain of these costs in its segment reporting disclosures and within the condensed consolidated statements of income to reflect a change in the presentation of the information used by the Company’s CODM. This reclassification of costs between cost of revenue and G&A has no net impact to the condensed consolidated statements of income or to total segment reporting. The change will better reflect the CODM's philosophy on assessing performance and allocating resources, as well as improve comparability to the Company's peer group. This is a change in costs classification and has been reflected retrospectively for all periods presented.
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 May 2017, the FASB issued guidance to clarify and reduce both (i) diversity in practice and (ii) cost and complexity when accounting for a change to the terms and conditions of a share-based payment award. The guidance is effective for annual periods beginning after December 15, 2017, including interim periods within those periods. Early adoption is permitted. The amendments in this guidance should be applied prospectively to an award modified on or after the adoption date. 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 January 2017, the FASB issued guidance that simplifies the accounting for goodwill impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. The new standard will be applied prospectively, and is effective for public companies for their annual or any interim goodwill impairment tests for fiscal years beginning after December 15, 2019. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Company has adopted the provisions of this new accounting guidance for the Company's annual goodwill impairment analysis for the year ended December 31, 2017. In January 2017, the FASB issued new accounting guidance for business combinations clarifying the definition of a business. The objective of the guidance is to help companies and other organizations which have acquired or sold a business to evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. For public entities, the guidance is effective for annual periods beginning after December 15, 2017, including interim periods within those periods. Early adoption is permitted under certain circumstances. 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 October 2016, the FASB issued new accounting guidance for recognition of income tax consequences of an intra-entity transfer of an asset other than inventory. The objective of the guidance is to eliminate the exception for an intra-entity transfer of an asset other than inventory and requires an entity to recognize the income tax consequences at the time of transfer rather than when the asset is sold to a third party. For public entities, the guidance is effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements have not yet been issued. 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 August 2016, the FASB issued new accounting guidance for classification of certain cash receipts and cash payments in the statement of cash flows. The objective of the guidance is to reduce the existing diversity in practice related to the presentation and classification of certain cash receipts and cash payments. The guidance addresses eight specific cash flow issues including but not limited to, debt prepayment or extinguishment costs, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims and proceeds from the settlement of corporate-owned life insurance policies. For public entities, the guidance is effective for financial statements issued for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and is retrospective for all periods presented. Early adoption is permitted including for interim periods. 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 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. We adopted this guidance on January 1, 2017 and have elected to recognize actual forfeitures when they occur. The adoption did not have an 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 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. We adopted this guidance on January 1, 2017, 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, 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. The standard creates a five step model that requires companies to exercise judgment when considering the terms of a contract and all relevant facts and circumstances. The standard allows for several transition methods: (a) a full retrospective adoption in which the standard is applied to all of the periods presented, or (b) a modified retrospective adoption in which the standard is applied only to the most current period presented in the financial statements, including additional disclosures of the standard’s application impact to individual financial statement line items. 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. We are currently determining the impacts of the new standard on our contract portfolio. Our implementation efforts to date include the identification of revenue streams with similar contract structures, performing a detailed review of key contracts by revenue stream and comparing historical policies and practices to the new standard. Our evaluation of the impact of the new guidance on our consolidated financial statements is ongoing and we continue to evaluate the quantitative and qualitative impacts of the standard on timing of recognition for various revenues, which may be accelerated or deferred depending on the features of the customer arrangements and the presentation of contract costs (whether presented gross or offset against revenues). We currently anticipate adopting this standard using the modified retrospective method.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Reclassifications to Previously Reported Amounts	The following is a summary of reclassifications to previously reported amounts (in thousands): Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 As previously reported Reclassifications As currently reported As previously reported Reclassifications As currently reported Condensed Consolidated Statements of Operations Cost of revenues, exclusive of depreciation and amortization Equipment rentals and services $ 52,564 $ 11,745 $ 64,309 $ 108,365 $ 24,293 $ 132,658 Products 17,028 2,898 19,926 29,357 6,060 35,417 General and administrative expenses 70,310 (14,643 ) 55,667 129,262 (30,353 ) 98,909

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2017
Noncontrolling Interest [Abstract]
Schedule of Net Income Attributable to Noncontrolling Interest	A reconciliation of net loss attributable to noncontrolling interest is detailed as follows (in thousands): Three Months Ended Six Months Ended June 30, 2016 Net loss $ (45,287 ) $ (47,695 ) Add: Benefit for U.S. income taxes of FINV (1) (9,609 ) (13,493 ) Less: (Income) loss of FINV (2) 88 (74 ) Net loss subject to noncontrolling interest (54,808 ) (61,262 ) Noncontrolling interest percentage (3) 25.3 % 25.3 % Net loss attributable to noncontrolling interest $ (13,889 ) $ (15,525 ) (1) Represents income tax 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 Mosing Holdings at June 30, 2016 . This percentage changed as additional shares of FINV common stock were issued. Effective August 26, 2016, Mosing Holdings delivered its economic interest in FICV to us.

Acquisition and Divestiture (Ta

Acquisition and Divestiture (Tables)	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Schedule of proforma information	The following table shows our unaudited pro forma financial information assuming the transaction occurred on January 1, 2015 (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, 2016 Revenue $ 136,680 $ 311,060 Net loss applicable to common shares (37,353 ) (40,964 ) Loss per common share: Basic and diluted $ (0.22 ) $ (0.24 )
Schedule of fair values of assets acquired and liabilities assumed	The following table summarizes the preliminary and the final purchase price allocations of the fair values of the assets acquired and liabilities assumed as part of the Blackhawk acquisition as of November 1, 2016 as determined in accordance with business combination accounting guidance (in thousands): Preliminary purchase price allocation Purchase price adjustments Final purchase price allocation Current assets, excluding cash $ 23,626 $ — $ 23,626 Property, plant and equipment 45,091 55 45,146 Other long-term assets 3,139 — 3,139 Intangible assets 41,972 153 42,125 Assets acquired $ 113,828 $ 208 $ 114,036 Current liabilities assumed 11,132 185 11,317 Other long-term liabilities 542 — 542 Liabilities assumed $ 11,674 $ 185 $ 11,859 Fair value of net assets acquired 102,154 23 102,177 Total consideration transferred 294,563 — 294,563 Goodwill $ 192,409 $ (23 ) $ 192,386

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Schedule of Accounts Receivable	Accounts receivable at June 30, 2017 and December 31, 2016 were as follows (in thousands): June 30, December 31, 2017 2016 Trade accounts receivable, net of allowance of $ 108,753 $ 89,096 Unbilled revenue 24,829 30,882 Taxes receivable 29,614 42,870 Affiliated (1) 838 717 Other receivables 3,931 3,852 Total accounts receivable $ 167,965 $ 167,417 (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, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories at June 30, 2017 and December 31, 2016 were as follows (in thousands): June 30, December 31, 2017 2016 Pipe and connectors $ 92,281 $ 102,360 Finished goods 15,850 14,257 Work in progress 7,933 7,099 Raw materials, components and supplies 19,034 15,363 Total inventories $ 135,098 $ 139,079

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	The following is a summary of property, plant and equipment at June 30, 2017 and December 31, 2016 (in thousands): Estimated Useful Lives in Years June 30, December 31, Land — $ 15,948 $ 15,730 Land improvements 8-15 9,256 9,379 Buildings and improvements 39 129,967 73,211 Rental machinery and equipment 7 933,489 933,667 Machinery and equipment - other 7 58,559 60,182 Furniture, fixtures and computers 5 20,767 19,073 Automobiles and other vehicles 5 32,650 36,796 Aircraft 7 — 16,267 Leasehold improvements 7-15, or lease term if shorter 10,261 8,027 Construction in progress - machinery and equipment and buildings — 70,050 120,937 1,280,947 1,293,269 Less: Accumulated depreciation (755,108 ) (726,245 ) Total property, plant and equipment, net $ 525,839 $ 567,024

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Other Assets	Other assets at June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Cash surrender value of life insurance policies (1) $ 29,088 $ 36,269 Deposits 2,217 2,343 Other 1,686 6,921 Total other assets $ 32,991 $ 45,533 (1) See Note 10 – Fair Value Measurements

Accrued and Other Current Lia33

Accrued and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Summary of Accrued and Other Current Liabilities	Accrued and other current liabilities at June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Accrued compensation $ 12,239 $ 10,250 Accrued property and other taxes 23,819 19,740 Accrued severance and other charges 1,942 6,150 Income taxes 5,653 6,857 Accrued medical claims 907 604 Accrued purchase orders 6,260 2,083 Other 20,281 19,266 Total accrued and other current liabilities $ 71,101 $ 64,950

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2017
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, 2017 and December 31, 2016 , 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, 2017 Assets: Derivative financial instruments $ — $ 25 $ — $ 25 Investments: Cash surrender value of life insurance policies - deferred compensation plan — 29,088 — 29,088 Marketable securities - other 164 — — 164 Liabilities: Derivative financial instruments — 609 — 609 Deferred compensation plan — 27,586 — 27,586 December 31, 2016 Assets: Derivative financial instruments $ — $ 146 $ — $ 146 Investments: Cash surrender value of life insurance policies - deferred compensation plan — 36,269 — 36,269 Marketable securities - other 3,692 — — 3,692 Liabilities: Deferred compensation plan — 30,307 — 30,307

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Foreign Currency Derivative Contracts	As of June 30, 2017 and December 31, 2016 , we had the following foreign currency derivative contracts outstanding in U.S. dollars (in thousands): June 30, 2017 Derivative Contracts Notional Amount Contractual Exchange Rate Settlement Date Canadian dollar $ 6,040 1.3245 9/14/2017 Euro 7,747 1.1227 9/15/2017 Euro 2,260 1.1302 7/14/2017 Norwegian krone 9,472 8.4461 9/15/2017 Pound sterling 11,479 1.2755 9/15/2017 December 31, 2016 Derivative Contracts Notional Amount Contractual Exchange Rate Settlement Date Canadian dollar $ 4,553 1.3179 3/14/2017 Euro 4,753 1.0563 3/14/2017 Euro 2,558 1.0659 1/13/2017 Norwegian krone 3,643 8.5101 3/14/2017 Pound sterling 3,908 1.2607 3/14/2017
Schedule of Balance Sheet Location and Fair Value Derivative Contracts	The following table summarizes the location and fair value amounts of all derivative contracts in the condensed consolidated balance sheets as of June 30, 2017 and December 31, 2016 (in thousands): Derivatives not Designated as Hedging Instruments Consolidated Balance Sheet Location June 30, 2017 December 31, 2016 Foreign currency contracts Accounts receivable, net $ 25 $ 146 Foreign currency contracts Accrued and other current liabilities (609 ) —
Impact of Derivatives Instruments on the Income Statement	The following table summarizes the location and amounts of the realized and unrealized gains and 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 Gain (Loss) Recognized in Income on Derivative Contracts 2017 2016 2017 2016 Unrealized gain (loss) on foreign currency contracts Other income, net $ (274 ) $ 1,293 $ (730 ) $ 319 Realized loss on foreign currency contracts Other income, net (807 ) (865 ) (552 ) (1,579 ) Total net income (loss) on foreign currency contracts $ (1,081 ) $ 428 $ (1,282 ) $ (1,260 )
Schedule of Derivative Assets, Gross and Net Fair Values	The following table presents the gross and net fair values of our derivatives at June 30, 2017 and December 31, 2016 (in thousands): Derivative Asset Positions Derivative Liability Positions June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 Gross position - asset / (liability) $ 25 $ 181 $ (609 ) $ (35 ) Netting adjustment — (35 ) — 35 Net position - asset / (liability) $ 25 $ 146 $ (609 ) $ —
Schedule of Derivative Liabilities, Gross and Net Fair Values	The following table presents the gross and net fair values of our derivatives at June 30, 2017 and December 31, 2016 (in thousands): Derivative Asset Positions Derivative Liability Positions June 30, 2017 December 31, 2016 June 30, 2017 December 31, 2016 Gross position - asset / (liability) $ 25 $ 181 $ (609 ) $ (35 ) Netting adjustment — (35 ) — 35 Net position - asset / (liability) $ 25 $ 146 $ (609 ) $ —

Loss Per Common Share (Tables)

Loss Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table summarizes the basic and diluted loss per share calculations (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Numerator Net loss $ (25,950 ) $ (45,287 ) $ (52,613 ) $ (47,695 ) Less: Net loss attributable to noncontrolling interest — 13,889 — 15,525 Less: Preferred stock dividends — (1 ) — (1 ) Net loss available to common shareholders $ (25,950 ) $ (31,399 ) $ (52,613 ) $ (32,171 ) Denominator Basic and diluted (1) weighted average common shares 222,914 155,440 222,740 155,342 Loss per common share: Basic and diluted $ (0.12 ) $ (0.20 ) $ (0.24 ) $ (0.21 ) (1) Approximate number of shares of potentially convertible preferred stock to common stock up until the time of conversion on August 26, 2016, unvested restricted stock units and stock to be issued pursuant to the employee stock purchase plan have been excluded from the computation of diluted loss per share as the effect would be anti-dilutive when the results from operations are at a net loss. 425 54,534 616 54,489

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
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 net loss (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Segment Adjusted EBITDA: International Services $ 9,022 $ (4,159 ) $ 14,308 $ 27,220 U.S. Services (9,238 ) (9,753 ) (16,453 ) (7,023 ) Tubular Sales 815 1,624 3,069 1,178 Blackhawk 2,965 — 4,176 — 3,564 (12,288 ) 5,100 21,375 Interest income, net 753 198 1,151 404 Income tax benefit 6,076 7,705 15,194 8,511 Depreciation and amortization (30,951 ) (28,283 ) (62,050 ) (57,733 ) Gain (loss) on sale of assets (210 ) 279 1,262 1,049 Foreign currency gain (loss) 599 (4,170 ) 1,345 (4,211 ) Charges and credits (1) (5,781 ) (8,728 ) (14,615 ) (17,090 ) Net loss $ (25,950 ) $ (45,287 ) $ (52,613 ) $ (47,695 ) (1) Comprised of Equity-based compensation expense (for the three months ended June 30, 2017 and 2016 : $3,415 and $4,320 , respectively, and for the six months ended June 30, 2017 and 2016 : $9,116 and $8,528 , respectively), Mergers and acquisition expense (for the three months ended June 30, 2017 and 2016 : $10 and none , respectively, and for the six months ended June 30, 2017 and 2016 : $459 and none , respectively), Severance and other charges (for the three months ended June 30, 2017 and 2016 : $(299) and $3,718 , respectively, and for the six months ended June 30, 2017 and 2016 : $738 and $4,324 , respectively), Unrealized and realized gains (losses) (for the three months ended June 30, 2017 and 2016 : $(1,088) and $695 , respectively, and for the six months ended June 30, 2017 and 2016 : $(1,696) and $(963) , respectively) and Investigation-related matters (for the three months ended June 30, 2017 and 2016 : $1,567 and $1,385 , respectively, and for the six months ended June 30, 2017 and 2016 : $2,606 and $3,275 , respectively).
Schedule of Financial Information, by Reportable Segments	The following tables set forth certain financial information with respect to our reportable segments (in thousands): International Services U.S. Services Tubular Sales Blackhawk Eliminations Total Three Months Ended June 30, 2017 Revenue from external customers $ 53,499 $ 29,905 $ 16,141 $ 18,114 $ — $ 117,659 Inter-segment revenue 12 4,543 3,564 72 (8,191 ) — Operating income (loss) (6,980 ) (24,292 ) 805 (3,499 ) — (33,966 ) Adjusted EBITDA 9,022 (9,238 ) 815 2,965 — * Three Months Ended June 30, 2016 Revenue from external customers $ 57,350 $ 37,118 $ 26,478 $ — $ — $ 120,946 Inter-segment revenue 29 3,940 4,351 — (8,320 ) — Operating income (loss) (22,430 ) (28,649 ) 401 — — (50,678 ) Adjusted EBITDA (4,159 ) (9,753 ) 1,624 — — * Six Months Ended June 30, 2017 Revenue from external customers $ 100,109 $ 60,871 $ 33,086 $ 34,324 $ — $ 228,390 Inter-segment revenue 15 8,828 7,239 72 (16,154 ) — Operating income (loss) (16,493 ) (47,639 ) 3,185 (9,629 ) — (70,576 ) Adjusted EBITDA 14,308 (16,453 ) 3,069 4,176 — * Six Months Ended June 30, 2016 Revenue from external customers $ 140,412 $ 85,898 $ 48,122 $ — $ — $ 274,432 Inter-segment revenue 45 8,050 10,017 — (18,112 ) — Operating loss (8,137 ) (44,307 ) (1,116 ) — — (53,560 ) Adjusted EBITDA 27,220 (7,023 ) 1,178 — — * * Non-GAAP financial measure not disclosed.

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Equipment rentals and services	$ 60,777	$ 64,309	$ 117,884	$ 132,658
Products	17,567	19,926	34,412	35,417
General and administrative expenses	$ 42,419	55,667	$ 85,144	98,909
As previously reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Equipment rentals and services		52,564		108,365
Products		17,028		29,357
General and administrative expenses		70,310		129,262
Reclassifications
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Equipment rentals and services		11,745		24,293
Products		2,898		6,060
General and administrative expenses		$ (14,643)		$ (30,353)

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Noncontrolling Interest [Line Items]
Net loss	$ (25,950)	$ (45,287)	$ (52,613)	$ (47,695)
Loss before income tax benefit	(32,026)	(52,992)	(67,807)	(56,206)
Net loss attributable to noncontrolling interest	$ 0	(13,889)	$ 0	(15,525)
Frank's International C.V.
Noncontrolling Interest [Line Items]
Net loss		(45,287)		(47,695)
Add: Benefit for U.S. income taxes of FINV		(9,609)		(13,493)
Less: (Income) loss of FINV		88		(74)
Loss before income tax benefit		$ (54,808)		$ (61,262)
Noncontrolling interest percentage		25.30%		25.30%
Net loss attributable to noncontrolling interest		$ (13,889)		$ (15,525)

Acquisition and Divestiture - N

Acquisition and Divestiture - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Mar. 15, 2017	Nov. 01, 2016	Jun. 30, 2017	Oct. 31, 2016
Business Acquisition [Line Items]
Proceeds from sale of aircraft	$ 1,300
Gain on sale of asset	$ 1,300
Blackhawk
Business Acquisition [Line Items]
Goodwill		$ 192,400
Blackhawk
Business Acquisition [Line Items]
Cash payments to acquire business		$ 150,400
Shares of common stock to acquire business		12.8
Total consideration to acquire business		$ 294,563	$ 294,563
Closing share price (in dollars per share)				$ 11.25
Goodwill		$ 192,409	$ 192,386

Acquisition and Divestiture - S

Acquisition and Divestiture - Schedule of Pro Forma Financial Information (Details) - Blackhawk - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Business Acquisition [Line Items]
Revenue	$ 136,680	$ 311,060
Net loss applicable to common shares	$ (37,353)	$ (40,964)
Loss per common share:
Basic and diluted (USD per share)	$ (0.22)	$ (0.24)

Acquisition and Divestiture -42

Acquisition and Divestiture - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - Blackhawk - USD ($) $ in Thousands	Nov. 01, 2016	Jun. 30, 2017
Business Acquisition [Line Items]
Current assets, excluding cash, purchase price allocation	$ 23,626	$ 23,626
Property, plant and equipment, purchase price allocation	45,091	45,146
Other long-term assets, purchase price allocation	3,139	3,139
Intangible assets, purchase price allocation	41,972	42,125
Assets acquired, purchase price allocation	113,828	114,036
Current liabilities assumed, purchase price allocation	11,132	11,317
Other long-term liabilities, purchase price allocation	542	542
Liabilities assumed, purchase price allocation	11,674	11,859
Fair value of net assets acquired, purchase price allocation	102,154	102,177
Total consideration transferred, purchase price allocation	294,563	294,563
Goodwill	$ 192,409	192,386
Purchase price adjustments
Property, plant and equipment, purchase price adjustments		55
Intangible assets, purchase price adjustments		153
Assets acquired, purchase price adjustments		208
Current liabilities assumed, purchase price adjustments		185
Liabilities assumed, purchase price adjustments		185
Fair value of net assets acquired, purchase price adjustments		23
Goodwill, purchase price adjustments		$ (23)

Accounts Receivable, net (Detai

Accounts Receivable, net (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Receivables [Abstract]
Trade accounts receivable, net of allowance of $14,064 and $14,337, respectively	$ 108,753	$ 89,096
Allowance for trade accounts receivable	14,064	14,337
Unbilled revenue	24,829	30,882
Taxes receivable	29,614	42,870
Affiliated	838	717
Other receivables	3,931	3,852
Total accounts receivable	$ 167,965	$ 167,417

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Pipe and connectors	$ 92,281	$ 102,360
Finished goods	15,850	14,257
Work in progress	7,933	7,099
Raw materials, components and supplies	19,034	15,363
Total inventories	$ 135,098	$ 139,079

Property, Plant and Equipment45

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,280,947	$ 1,293,269
Less: Accumulated depreciation	(755,108)	(726,245)
Total property, plant and equipment, net	525,839	567,024
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15,948	15,730
Land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 9,256	9,379
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	$ 129,967	73,211
Rental machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	7 years
Property, plant and equipment, gross	$ 933,489	933,667
Machinery and equipment - other
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	7 years
Property, plant and equipment, gross	$ 58,559	60,182
Furniture, fixtures and computers
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	5 years
Property, plant and equipment, gross	$ 20,767	19,073
Automobiles and other vehicles
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	5 years
Property, plant and equipment, gross	$ 32,650	36,796
Aircraft
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	7 years
Property, plant and equipment, gross	$ 0	16,267
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,261	8,027
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	$ 70,050	$ 120,937

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Cash surrender value of life insurance policies	$ 29,088	$ 36,269
Deposits	2,217	2,343
Other	1,686	6,921
Total other assets	$ 32,991	$ 45,533

Accrued and Other Current Lia47

Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Accrued compensation	$ 12,239	$ 10,250
Accrued property and other taxes	23,819	19,740
Accrued severance and other charges	1,942	6,150
Income taxes	5,653	6,857
Accrued medical claims	907	604
Accrued purchase orders	6,260	2,083
Other	20,281	19,266
Total accrued and other current liabilities	$ 71,101	$ 64,950

Debt (Details)

Debt (Details) - Credit Facility	6 Months Ended	12 Months Ended
	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Apr. 28, 2017USD ($)
Citibank Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity limit		$ 6,000,000
Letters of credit, amount outstanding	$ 3,000,000	$ 2,200,000
Line of credit, expiration period (in years)		3 years
Fixed interest rate, short-term		1.25%
Fixed interest rate, long-term		1.50%
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	4,400,000	$ 3,700,000
Revolving credit facility, amount outstanding	$ 0	$ 0
Maximum debt to adjusted EBITDA ratio	2.50
Minimum EBITDA to interest expense ratio	3
Covenant term, minimum liquidity (no less than)			$ 250,000,000
Wavier fee (as a percent)			0.05%
Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Commitment fee (as a percent)	0.25%
Revolving Credit Facility Maturing August 2018 | Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Commitment fee (as a percent)	0.375%
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 (as a percent)	0.50%
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 (as a percent)	1.00%
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 (as a percent)	0.50%
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 (as a percent)	1.50%
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 (in months)	3 months
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 (as a percent)	1.50%
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 (as a percent)	2.50%
Revolving Credit Facility Maturing August 2018 | Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity limit	$ 20,000,000
Revolving Credit Facility Maturing August 2018 | Swing Line Loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity limit	$ 10,000,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	$ 25	$ 146
Derivative financial instruments	609	0
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	25	146
Cash surrender value of life insurance policies - deferred compensation plan	29,088	36,269
Derivative financial instruments	609
Fair Value, Measurements, Recurring | Deferred compensation plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan	27,586	30,307
Fair Value, Measurements, Recurring | Marketable securities - other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities - other	164	3,692
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
Cash surrender value of life insurance policies - deferred compensation plan	0	0
Derivative financial instruments	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Deferred compensation plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets (Level 1) | Marketable securities - other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities - other	164	3,692
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	25	146
Cash surrender value of life insurance policies - deferred compensation plan	29,088	36,269
Derivative financial instruments	609
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Deferred compensation plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan	27,586	30,307
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Marketable securities - other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities - other	0	0
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
Cash surrender value of life insurance policies - deferred compensation plan	0	0
Derivative financial instruments	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Deferred compensation plan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Marketable securities - other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities - other	$ 0	$ 0

Derivatives - Foreign Currency

Derivatives - Foreign Currency Derivative Contracts (Details) - Not Designated as Hedging Instrument $ in Thousands	Jun. 30, 2017USD ($)$ / £$ / €$ / NOK$ / CAD	Dec. 31, 2016USD ($)$ / £$ / €$ / NOK$ / CAD
Foreign currency contracts | Canadian dollar
Derivative [Line Items]
Notional Amount	$ 6,040	$ 4,553
Contractual Exchange Rate | $ / CAD	1.3245	1.3179
Foreign currency contracts | Euro
Derivative [Line Items]
Notional Amount	$ 7,747	$ 4,753
Contractual Exchange Rate | $ / €	1.1227	1.0563
Foreign currency contracts | Norwegian krone
Derivative [Line Items]
Notional Amount	$ 9,472	$ 3,643
Contractual Exchange Rate | $ / NOK	8.4461	8.5101
Foreign currency contracts | Pound sterling
Derivative [Line Items]
Notional Amount	$ 11,479	$ 3,908
Contractual Exchange Rate | $ / £	1.2755	1.2607
Foreign currency contracts, settled January 13, 3017 | Euro
Derivative [Line Items]
Notional Amount		$ 2,558
Contractual Exchange Rate | $ / €		1.0659
Foreign currency contracts, settled July 14, 2017 | Euro
Derivative [Line Items]
Notional Amount	$ 2,260
Contractual Exchange Rate | $ / €	1.1302

Derivatives - Balance Sheet Loc

Derivatives - Balance Sheet Location and Fair Value of Derivative Contracts (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative assets	$ 25	$ 146
Derivative liabilities	(609)	0
Not Designated as Hedging Instrument | Foreign currency contracts | Accounts receivable, net
Derivative [Line Items]
Derivative assets	25	146
Not Designated as Hedging Instrument | Foreign currency contracts | Accrued and other current liabilities
Derivative [Line Items]
Derivative liabilities	$ (609)	$ 0

Derivatives - Impact of Derivat

Derivatives - Impact of Derivative Instruments on Income Statement (Details) - Not Designated as Hedging Instrument - Other income, net - Foreign currency contracts - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Derivative [Line Items]
Unrealized gain (loss) on foreign currency contracts	$ (274)	$ 1,293	$ (730)	$ 319
Realized loss on foreign currency contracts	(807)	(865)	(552)	(1,579)
Total net income (loss) on foreign currency contracts	$ (1,081)	$ 428	$ (1,282)	$ (1,260)

Derivatives - Gross and Net Fai

Derivatives - Gross and Net Fair Value of Derivatives (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Derivative Asset Positions
Gross position - asset / (liability)	$ 25	$ 181
Netting adjustment	0	(35)
Net position - asset / (liability)	25	146
Derivative Liability Positions
Gross position - asset / (liability)	(609)	(35)
Netting adjustment	0	35
Net position - asset / (liability)	$ (609)	$ 0

Related Party Transactions (Det

Related Party Transactions (Details) $ in Thousands	Aug. 26, 2016	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2017aircraft	Dec. 31, 2016USD ($)
Related Party Transaction [Line Items]
Net charter expense		$ 93,533	$ 95,177	$ 179,855	$ 226,434
Aircraft, held-for-sale | aircraft						2
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		$ 124,600		$ 124,600			$ 124,600
Time period over which the cash savings is expected to be realized (in years)				20 years
Expected TRA payment		2,100		$ 2,100
Estimated termination payment		$ 100,800		$ 100,800
Discount rate, tax receivable agreement liability		5.61%		5.61%
Affiliated Entity
Related Party Transaction [Line Items]
Rent expense		$ 1,700	1,800	$ 3,500	4,500
Western Airways
Related Party Transaction [Line Items]
Net charter expense		$ (700)	$ (500)	$ (600)	$ (500)

Loss Per Common Share (Details)

Loss Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Numerator
Net loss	$ (25,950)	$ (45,287)	$ (52,613)	$ (47,695)
Less: Net loss attributable to noncontrolling interest	0	13,889	0	15,525
Less: Preferred stock dividends	0	1	0	1
Net loss available to Frank's International N.V. common shareholders	$ (25,950)	$ (31,399)	$ (52,613)	$ (32,171)
Denominator
Basic and diluted (1) weighted average common shares	222,914	155,440	222,740	155,342
Loss per common share:
Basic and diluted (in dollars per share)	$ (0.12)	$ (0.20)	$ (0.24)	$ (0.21)
Approximate number of shares of potentially convertible preferred stock to common stock up until the time of conversion on August 26, 2016, unvested restricted stock units and stock to be issued pursuant to the employee stock purchase plan have been excluded from the computation of diluted loss per share as the effect would be anti-dilutive when the results from operations are at a net loss.	425	54,534	616	54,489

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Effective income tax rate	19.00%	14.50%	22.40%	15.10%
U.S. statutory income tax rate	35.00%	35.00%	35.00%	35.00%

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)segmentft	Jun. 30, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			4
Investigation-related matters | $	$ 1,567	$ 1,385	$ 2,606	$ 3,275
Maximum | Tubular Sales
Segment Reporting Information [Line Items]
Length of tubulars used as caissons or pilings (in feet) (up to) | ft			300

Segment Information - Reconcili

Segment Information - Reconciliation of Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization from Segments to Consolidated (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest income, net	$ 753	$ 198	$ 1,151	$ 404
Income tax benefit	6,076	7,705	15,194	8,511
Depreciation and amortization	(30,951)	(28,283)	(62,050)	(57,733)
Gain (loss) on sale of assets	(210)	279	1,262	1,049
Foreign currency gain (loss)	599	(4,170)	1,345	(4,211)
Net loss	(25,950)	(45,287)	(52,613)	(47,695)
Equity-based compensation expense	3,415	4,320	9,116	8,528
Merger and acquisition expense	10	0	459	0
Severance and other charges	(299)	3,718	738	4,324
Unrealized and realized gains (losses)	(1,088)	695	(1,696)	(963)
Investigation-related matters	1,567	1,385	2,606	3,275
Operating segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	3,564	(12,288)	5,100	21,375
Operating segments | International Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	9,022	(4,159)	14,308	27,220
Operating segments | U.S. Services
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	(9,238)	(9,753)	(16,453)	(7,023)
Operating segments | Tubular Sales
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	815	1,624	3,069	1,178
Operating segments | Blackhawk
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted EBITDA	2,965	0	4,176	0
Segment Reconciling Items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest income, net	753	198	1,151	404
Income tax benefit	6,076	7,705	15,194	8,511
Depreciation and amortization	(30,951)	(28,283)	(62,050)	(57,733)
Gain (loss) on sale of assets	(210)	279	1,262	1,049
Foreign currency gain (loss)	599	(4,170)	1,345	(4,211)
Charges and credits (1)	$ (5,781)	$ (8,728)	$ (14,615)	$ (17,090)

Segment Information - Financial

Segment Information - Financial Information with Respect to Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenue from External Customer [Line Items]
Revenue	$ 117,659	$ 120,946	$ 228,390	$ 274,432
Operating income (loss)	(33,966)	(50,678)	(70,576)	(53,560)
International Services
Revenue from External Customer [Line Items]
Revenue	53,499	57,350	100,109	140,412
U.S. Services
Revenue from External Customer [Line Items]
Revenue	29,905	37,118	60,871	85,898
Tubular Sales
Revenue from External Customer [Line Items]
Revenue	16,141	26,478	33,086	48,122
Blackhawk
Revenue from External Customer [Line Items]
Revenue	18,114	0	34,324	0
Operating segments
Revenue from External Customer [Line Items]
Operating income (loss)	(33,966)	(50,678)	(70,576)	(53,560)
Adjusted EBITDA	3,564	(12,288)	5,100	21,375
Operating segments | International Services
Revenue from External Customer [Line Items]
Operating income (loss)	(6,980)	(22,430)	(16,493)	(8,137)
Adjusted EBITDA	9,022	(4,159)	14,308	27,220
Operating segments | U.S. Services
Revenue from External Customer [Line Items]
Operating income (loss)	(24,292)	(28,649)	(47,639)	(44,307)
Adjusted EBITDA	(9,238)	(9,753)	(16,453)	(7,023)
Operating segments | Tubular Sales
Revenue from External Customer [Line Items]
Operating income (loss)	805	401	3,185	(1,116)
Adjusted EBITDA	815	1,624	3,069	1,178
Operating segments | Blackhawk
Revenue from External Customer [Line Items]
Operating income (loss)	(3,499)	0	(9,629)	0
Adjusted EBITDA	2,965	0	4,176	0
Eliminations
Revenue from External Customer [Line Items]
Revenue	(8,191)	(8,320)	(16,154)	(18,112)
Eliminations | International Services
Revenue from External Customer [Line Items]
Revenue	12	29	15	45
Eliminations | U.S. Services
Revenue from External Customer [Line Items]
Revenue	4,543	3,940	8,828	8,050
Eliminations | Tubular Sales
Revenue from External Customer [Line Items]
Revenue	3,564	4,351	7,239	10,017
Eliminations | Blackhawk
Revenue from External Customer [Line Items]
Revenue	$ 72	$ 0	$ 72	$ 0