Superior Energy Services 10-Q 30 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 28, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Superior Energy Services Inc
Entity Central Index Key	886,835
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		150,735,565
Entity Well-known Seasoned Issuer	Yes
Trading Symbol	spn
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 533,674	$ 393,046
Accounts receivable, net of allowance for doubtful accounts of $21,260 and $22,076 at September 30, 2015 and December 31, 2014, respectively	488,848	926,768
Deferred Tax Assets, Net, Current	25,288	32,138
Prepaid expenses	47,714	74,750
Inventory and other current assets	187,283	185,429
Assets of Disposal Group, Including Discontinued Operation, Current	120,520	116,680
Total current assets	1,403,327	1,728,811
Property, plant and equipment, net of accumulated depreciation and depletion of $2,350,913 and $2,269,542 at September 30, 2015 and December 31, 2014, respectively	2,372,735	2,733,839
Goodwill	1,151,346	2,468,409
Notes receivable	27,241	25,970
Intangible and other long-term assets, net of accumulated amortization of $79,665 and $81,386 at September 30, 2015 and December 31, 2014, respectively	329,739	420,360
Total assets	5,284,388	7,377,389
Current liabilities:
Accounts payable	99,141	225,306
Accrued expenses	301,903	363,747
Income taxes payable	10,068	40,213
Current portion of decommissioning liabilities	10,400
Current maturities of long-term debt	29,485	20,941
Total current liabilities	459,397	712,047
Disposal Group, Including Discontinued Operation, Liabilities	8,400	61,840
Deferred income taxes	502,658	702,996
Decommissioning liabilities	82,901	88,000
Long-term debt, net	1,613,171	1,627,842
Other long-term liabilities	$ 173,843	$ 166,766
Stockholders' equity:
Preferred stock of $0.01 par value. Authorized, 5,000,000 shares; none issued
Common stock of $0.001 par value. Authorized - 250,000,000, Issued and Outstanding - 150,733,443 as of September 30, 2015 Authorized - 250,000,000, Issued - 149,648,826, Outstanding, 149,708,825 at December 31, 2014	$ 151	$ 150
Additional Paid in Capital	2,655,009	2,620,328
Accumulated other comprehensive loss, net	(44,208)	(36,280)
Retained earnings	(158,534)	1,495,540
Total stockholders' equity	2,452,418	4,079,738
Total liabilities and stockholders' equity	$ 5,284,388	$ 7,377,389

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 21,260	$ 22,076
Accumulated depreciation and depletion on Property, plant and equipment	2,350,913	2,269,542
Accumulated amortization of Intangible and other long-term assets	$ 79,665	$ 81,386
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	150,733,443	149,648,826
Common stock, shares outstanding	150,733,443	149,708,825

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Consolidated Statements of Operations [Abstract]
Services	$ 464,545	$ 935,560	$ 1,684,968	$ 2,574,565
Rentals	136,851	273,466	544,447	803,431
Total Revenues	601,396	1,209,026	2,229,415	3,377,996
Costs and expenses:
Cost of services (exclusive of items shown separately below)	420,485	721,692	1,468,264	2,023,590
Cost of Services	355,373	597,992	1,224,931	1,704,165
Cost of rentals	65,112	123,700	243,333	319,425
Depreciation, depletion, amortization and accretion	146,757	170,154	467,329	493,437
General and administrative expenses	123,189	154,859	403,812	457,631
Reduction in value of assets	755,632		1,563,269
Income from operations	(844,667)	162,321	(1,673,259)	403,338
Other income (expense):
Interest expense, net	(22,622)	(24,169)	(71,213)	(72,610)
Other Nonoperating Income (Expense)	(3,123)	(2,051)	(10,620)	(1,480)
Income from continuing operations before income taxes	(870,412)	136,101	(1,755,092)	329,248
Income taxes	(53,825)	50,358	(161,876)	121,822
Net income (loss) from continuing operations	(816,587)	85,743	(1,593,216)	207,426
Income (loss) from discontinued operations, net of tax	(4,610)	(5,886)	(24,107)	(15,735)
Net income	$ (821,197)	$ 79,857	$ (1,617,323)	$ 191,691
Earnings per share information:
Continuing operations	$ (5.42)	$ 0.55	$ (10.60)	$ 1.33
Discontinued operations	(0.03)	(0.03)	(0.16)	(0.10)
Basic earnings per share	(5.45)	0.52	(10.76)	1.23
Continuing operations	(5.42)	0.55	(10.60)	1.31
Discontinued operations	(0.03)	(0.04)	(0.16)	(0.10)
Diluted earnings per share	(5.45)	0.51	(10.76)	1.21
Common Stock, Dividends, Per Share, Cash Paid	$ 0.08	$ 0.08	$ 0.24	$ 0.24
Weighted average common shares used in computing earnings per share:
Basic	150,742	154,530	150,372	156,424
Incremental common shares from stock based compensation		1,806		1,644
Diluted	150,742	156,336	150,372	158,068

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statement of Comprehensive Income [Abstract]
Net income	$ (821,197)	$ 79,857	$ (1,617,323)	$ 191,691
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax				1,153
Change in cumulative translation adjustment	(7,483)	(14,439)	(7,928)	(8,720)
Comprehensive income	$ (828,680)	$ 65,418	$ (1,625,251)	$ 184,124

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ (1,617,323)	$ 191,691
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	467,329	494,801
Deferred income taxes	(195,308)	(15,767)
Reduction in value of assets including discontinued operations	1,563,269
Stock based and performance share unit compensation expense	34,721	32,899
Amortization of debt acquisition costs and note discount	5,777	6,126
Other reconciling items, net	12,571	(20,884)
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable	438,698	(60,611)
Inventory and other current assets	10,924	29,495
Accounts payable	(105,683)	30,198
Accrued expenses	(74,741)	36,802
Income taxes	(30,254)	43,214
Other, net	55,507	(3,653)
Net Cash Provided by (Used in) Operating Activities, Total	565,487	764,311
Cash flows from investing activities:
Payments for capital expenditures	(318,908)	(438,349)
Purchase of Leased Vessel	46,442
Proceeds from Sale of Available-for-sale Securities, Equity		10,622
Other	(1,425)	18,195
Net Cash Provided by (Used in) Investing Activities, Total	(366,775)	(409,532)
Cash flows from financing activities:
Payment to Extinguish Capital Lease Obligation	20,933
Proceeds from issuance of long-term debt	10,357
Principal payments of long-term debt	(15,775)	(15,000)
Payments of Ordinary Dividends, Common Stock	36,081	37,586
Proceeds from exercise of stock options	8,800	10,554
Payments for purchase and retirement of Common Stock		(185,552)
Other	(3,760)	(89)
Net Cash Provided by (Used in) Financing Activities, Total	(57,392)	(227,673)
Payments on revolving line of credit	7,475	14,736
Proceeds From Revolving Line Of Credit	7,475	14,736
Effect of exchange rate changes on cash	(692)	(3,111)
Net increase in cash and cash equivalents	140,628	123,995
Cash and cash equivalents at beginning of period	393,046	196,047
Cash and cash equivalents at end of period	$ 533,674	$ 320,042

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Basis of Presentation [Abstract]
Basis of Presentation	(1) Basis of Presentation Certain information and footnote disclosures normally in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission; however, management believes the disclosures that are made are adequate to make the information presented not misleading. These financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in Superior Energy Services, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2014 , and Management’s Discussion and Analysis of Financial Condition and Results of Operations herein. The financial information of Superior Energy Services, Inc. and subsidiaries (the Company) for the three and nine months ended September 30, 2015 and 2014 has not been audited. However, in the opinion of management, all adjustments necessary to present fairly the results of operations for the periods presented have been included therein. Certain previously reported amounts have been reclassified to conform to the 2015 presentation. The results of operations for the first nine months of the year are not necessarily indicative of the results of operations that might be expected for the entire year. Due to the nature of the Company’s business, the Company is involved, from time to time, in routine litigation or subject to disputes or claims regarding its business activities. Legal costs related to these matters are expensed as incurred. In management’s opinion, none of the pending litigation, disputes or claims is expected to have a material adverse effect on the Company’s financial condition, results of operations or liquidity. The Company evaluates events that occur after the balance sheet date but before the financial statements are issued for potential recognition or disclosure. Based on the evaluation, the Company determined that there were no material subsequent events for recognition or disclosure other than those disclosed herein.

Reduction in Value of Assets

Reduction in Value of Assets	9 Months Ended
	Sep. 30, 2015
Reduction in Value of Assets [Abstract]
Reduction in Value of Assets Text Block	(2) Reduction in Value of Assets Since late 2014, oil and gas prices have declined significantly to their lowest levels since 2009. As a result of the reduced price of oil and gas and the related downturn in the oil and gas industry, the Company has experienced a significant decline in demand and pricing for virtually all of the services in its U.S. land businesses, primarily in the Production Services and Onshore Completion and Workover Services segments. For the three and nine months ended September 30, 2015, the Company recorded expense related to reduction in value of assets of $755.6 million and $1,563.3 million, respectively. The components of reduction in value of assets are as follows (in thousands): Three Months Nine Months Reduction in value of goodwill $ $ Reduction in value of long-lived assets Retirements of long-lived assets - Reduction in value of assets related to sale of a business - Total reduction in value of assets $ $ Reduction in Value of Goodwill Goodwill is tested for impairment annually as of October 1 st or on an interim basis if events or circumstances indicate that the fair value of the asset has decreased below its carrying value. The Company completed a qualitative analysis of its goodwill as of June 30 and September 30, 2015. Due to the prolonged downturn in the oil and gas industry and the impact it has had on the Company’s activity levels, the Company’s goodwill impairment evaluation as of September 30, 2015, indicated that the carrying value of the Onshore Completion and Workover Services segment exceeded its fair value so that goodwill was potentially impaired and as such the Company completed a quantitative analysis. The quantitative analysis, which involved calculating the implied fair value of the segment’s goodwill by allocating the fair value of the Onshore Completion and Workover Services segment to all of its assets and liabilities (other than goodwill) and comparing it to the carrying amount of the goodwill. To estimate the fair value of the reporting unit (which is consistent with the reported business segment), the Company used a weighting of the discounted cash flow method and the public company guideline method of determining fair value of the reporting unit. The Company weighted the discounted cash flow method 80% and the public company guideline method 20% due to differences between the Company’s reporting unit and peer companies’ size, profitability and diversity of operations. The Company determined that the implied fair value of its goodwill for the Onshore Completion and Workover Services segment was less than its carrying value and recorded a $740.0 million impairment of the Onshore Completion and Workover Services segment’s goodwill, which is included in the reduction in value of assets in the consolidated statement of operations for the three and nine months ended September 30, 2015. The reduction in value of goodwill in the Onshore Completion and Workover Services segment was primarily driven by further deterioration of market conditions during the quarter and the Company’s forecast did not indicate a timely recovery sufficient to support the carrying value of the goodwill. The Company’s goodwill impairment evaluation as of June 30, 2015, indicated that the carrying value of the Production Services segment exceeded its fair value so that goodwill was potentially impaired and as such the Company completed a quantitative analysis. The qualitative analysis determined that the implied fair value of its goodwill for the Production Services segment was less than its carrying value and recorded a $575.4 million impairment of the Production Services segment’s goodwill, which is included in the reduction in value of assets in the consolidated statement of operations for the nine months ended September 30, 2015. The reduction in value of goodwill in the Production Services segment was primarily driven by the continued decline in demand for coiled tubing services. The reduction in value of assets discussed above are considered to be the Company’s best estimate. The Company is in the process of finalizing the second step of it s goodwill impairment analyses, specifically related to the determination of the fair value of the long-lived assets of its reporting units. Adjustments to the estimated reduction in value of assets charges, if any, as a result of the completion of the analyses will be recognized in the subsequent reporting period. Reduction in Value of Long-Lived Assets Long-lived assets, such as property, plant and equipment and purchased intangibles subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of assets to be held and used is assessed by a comparison of the carrying amount of such assets to their fair value calculated, in part, by the estimated undiscounted future cash flows expected to be generated by the assets. Cash flow estimates are based upon, among other things, historical results adjusted to reflect the best estimate of future market rates, utilization levels, and operating performance. Estimates of cash flows may differ from actual cash flows due to, among other things, changes in economic conditions or changes in an asset’s operating performance. The Company’s assets are grouped by subsidiary or division for the impairment testing, which represent the lowest level of identifiable cash flows. If the asset grouping’s fair value is less than the carrying amount of those items, impairment losses are recorded in the amount by which the carrying amount of such assets exceeds the fair value. The estimate of fair value represents the Company’s best estimate based on industry trends and reference to market transactions and is subject to variability. The Company recorded $166.0 million in expense, of which $15.6 million was recorded during the third quarter, in connection with the reduction in value of its long-lived assets for the nine months ended September 30, 2015. The reduction in value of assets expense was comprised of $78.5 million related to equipment and $58.8 million related to intangibles in the coiled tubing division and pressure control tools division within the Production Services segment and $12.9 million related to mechanical drilling rigs included in the Onshore Completion and Workover Services segment. In addition, the Company recorded a $15.8 million expense related to reduction in carrying values of certain international accommodation units included in the Drilling Products and Services segment. The reduction in value of assets in the Production Services segment was primarily driven by the decline in demand for coiled tubing services. The demand for these services continued to decline and the Company’s forecast did not indicate a timely recovery sufficient to support the carrying values of these assets. The reduction in value of assets in the Onshore Completion and Workover Services segment related to the reduction in carrying values of the mechanical drilling rigs, primarily as a result of the decreased demand for certain mechanical drilling rigs driven by the downturn in the oil and gas market. The reduction in value of assets in the Drilling Products and Services segment related to certain international accommodation units primarily driven by the decrease in demand for the rental of accommodation units and a decrease in the Company’s forecast for future rentals of these units. Retirements of Long-Lived Assets During the nine months ended September 30, 2015, the Company recorded $42.5 million for retirement and abandonment of inoperable and/or functionally obsolete long-lived assets that would require a significant cost to refurbish. The total amount recorded includes $27.3 million for the Onshore Completion and Workover Services segment and $15.2 million for the Production Services segment. Reduction in Value of Assets Related to Sale of Coiled Tubing Business in Mexico During the second quarter of 2015, the Company sold its Mexico based coiled tubing business and related assets. The Company received proceeds in the form of cash and a note receivable. The Company recorded a full valuation allowance on the note receivable in the amount of $ 16.8 million because its collectability was not reasonably assured. In connection with the sale, the Company recorded a $39.4 million reduction in value of assets, primarily related to property, plant and equipment and intangible assets.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2015
Dispositions [Abstract]
Discontinued Operations	(3) Discontinued Operations During 2014, the Company conducted a strategic review and analysis of its subsea construction business. As of September 30, 2015, the Company continued to sell the assets of its subsea construction business and expects to continue this process during the remainder of 2015. During 2014, the Company also made a decision to discontinue its conventional decommissioning business. As of September 30, 2015, the Company was committed to sell the assets of and exit its conventional decommissioning business. Both of the subsea construction business and conventional decommissioning business were included in the Technical Solutions segment. As of September 30, 2015 , the assets and liabilities of these businesses were classified as held for sale. For the three and nine months ended September 30, 2015 and 2014 , the results of operations of these businesses are reported as discontinued operations in the consolidated statements of operations . The following summarizes certain financial information of the businesses reported as discontinued operations (in thousands): Three Months Ended September 30, 2015 2014 Revenues $ $ Loss from discontinued operations, net of tax benefit of $275 and $4,063, respectively Nine Months Ended September 30, 2015 2014 Revenues $ $ Loss from discontinued operations, net of tax benefit of $1,991 and $10,131, respectively $ $ The following summarizes the assets and liabilities related to the businesses reported as discontinued operations (in thousands): September 30, 2015 December 31, 2014 Accounts receivable, net $ $ Prepaid expenses Inventory and other current assets Current assets $ $ Property, plant and equipment, net Intangible and other long-term assets, net - Long-term assets $ $ Accounts payable Accrued expenses Current liabilities $ $ Other long-term liabilities $ - $ During 2015, the Company spent $46.4 million to purchase two leased vessels in its subsea construction business. In addition, the purchase price for one of the vessels included the extinguishment of the related capital lease obligation of $20.9 million. These purchases were made to eliminate ongoing lease payments and facilitate the disposition of the vessels. During the second quarter of 2015, the Company recorded a $ 15.5 million reduction in value of marine vessels.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings per Share	(4) Earnings per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in the same manner as basic earnings per share except that the denominator is increased to include the number of additional common shares that could have been outstanding assuming the exercise of stock options and the conversion of restricted stock units. For the three and nine months ended September 30, 2015, the Company incurred a loss from continuing operations; therefore, the impact of any incremental shares would be anti-dilutive. Stock options for approximately 284,000 shares of the Company’s common stock for the three months ended September 30, 2014 and approximately 1,054,000 shares of the Company’s common stock for the nine months ended September 30, 2014 were excluded in the computation of diluted earnings per share for these periods as the effect would have been anti-dilutive.

Stock Based Compensation Plans

Stock Based Compensation Plans	9 Months Ended
	Sep. 30, 2015
Stock Based Compensation And Retirement Plans [Abstract]
Stock Based Compensation Plans	(5) Stock-Based Compensation Plans The Company maintains various stock incentive plans that provide long-term incentives to the Company’s key employees, including officers, directors, consultants and advisors (Eligible Participants). Under the stock incentive plans, the Company may grant incentive stock options, non-qualified stock options, restricted stock, restricted stock units, stock appreciation rights, other stock-based awards or any combination thereof to Eligible Participants. The Company’s total compensation expense related to these plans was approximately $ 34.0 million and $ 33.5 million for the nine months ended September 30, 2015 and 2014 , respectively, which is reflected in general and administrative expenses.

Inventory and Other Current Ass

Inventory and Other Current Assets	9 Months Ended
	Sep. 30, 2015
Inventory and Other Current Assets [Abstract]
Inventory and Other Current Assets	(6) Inventory and Other Current Assets Inventory and other current assets includes approximately $169.1 million and $165.6 million of inventory as of September 30, 2015 and December 31, 2014 , respectively. Inventories are stated at the lower of cost or market. Cost is determined using the first-in, first-out or weighted-average cost methods for finished goods and work-in-process. Supplies and consumables consist principally of products used in our services provided to customers. The components of the inventory balances are as follows (in thousands): September 30, 2015 December 31, 2014 Finished goods $ $ Raw materials Work-in-process Supplies and consumables Total $ $

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt [Abstract]
Debt	(7) Debt Credit Facility The Company has a $ 1.0 billion bank credit facility, comprised of a $ 600 million revolving credit facility and a $ 400 million term loan. The principal balance of the term loan is payable in installments of $ 5.0 million on the last day of each fiscal quarter, which began on June 30, 2012. As of September 30, 2015 , the Company had $330 million outstanding under the term loan and had no amounts outstanding under the revolving portion of its credit facility. The Company also had approximately $ 43.1 million of letters of credit outstanding that reduce the Company’s borrowing availability under the revolving portion of the credit facility. Any amounts outstanding under the bank credit facility are due on February 7, 2017. Amounts borrowed under the credit facility bear interest at LIBOR plus margins that depend on the Company’s credit rating. During the quarter, the Company amended its credit agreement to primarily increase the maximum leverage ratio financial covenants. Senior Unsecured Notes The Company has outstanding $ 500 million of 6 3/8% unsecured senior notes due 2019. The indenture governing the 6 3/8% senior notes requires semi-annual interest payments on May 1 and November 1 of each year through the maturity date of May 1, 2019. The Company also has outstanding $ 800 million of 7 1/8% unsecured senior notes due 2021. The indenture governing the 7 1/8% senior notes requires semi-annual interest payments on June 15 and December 15 of each year through the maturity date of December 15, 2021.

Decommissioning Liabilities

Decommissioning Liabilities	9 Months Ended
	Sep. 30, 2015
Decommissioning Liabilities [Abstract]
Decommissioning Liabilities	(8) Decommissioning Liabilities The Company records estimated future decommissioning liabilities in accordance with the authoritative guidance related to asset retirement obligations, which requires entities to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred, with a corresponding increase in the carrying amount of the related long-lived asset. Subsequent to initial measurement, the decommissioning liability is required to be accreted each period to present value. The Company’s decommissioning liabilities associated with the Bullwinkle platform and its related assets consist of costs related to the plugging of wells, the removal of the related platform and equipment, and site restoration. The Company reviews the adequacy of its decommissioning liabilities whenever indicators suggest that the estimated cash flows needed to satisfy the liabilities have changed materially. The following table summarizes the activity for the Company’s decommissioning liabilities for the nine months ended September 30, 2015 and 2014 (in thousands): Nine Months Ended September 30, 2015 2014 Decommissioning liabilities, December 31, 2014 and 2013, respectively $ $ Liability acquisitions and dispositions Accretion Revisions in estimated timing and cash flows Total decommissioning liabilities, September 30, 2015 and 2014, respectively $ $

Notes Receivable

Notes Receivable	9 Months Ended
	Sep. 30, 2015
Notes Receivable [Abstract]
Notes Receivable	(9) Notes Receivable Notes receivable consist of a commitment from the seller of an oil and gas property acquired by the Company towards costs associated with the abandonment of the acquired property. Pursuant to an agreement with the seller, the Company will invoice the seller an agreed upon amount at the completion of certain decommissioning activities. The gross amount of this obligation totals $ 115.0 million and is recorded at present value using an effective interest rate of 6.58 %. The related discount is amortized to interest income based on the expected timing of completion of the decommissioning activities. The Company recorded interest income related to notes receivable of $ 1.3 million and $1.2 million for the nine months ended September 30, 2015 and 2014, respectively .

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Information [Abstract]
Segment Information	(10) Segment Information Business Segments The Drilling Products and Services segment rents and sells bottom hole assemblies, premium drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities. It also provides on-site accommodations and bolting and machining services. The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a variety of well completion, workover and maintenance services. The Production Services segment provides intervention services such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. It also provides specialized pressure control tools used to manage and control pressure throughout the life of a well. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well control services, well containment systems, stimulation and sand control services and well plug and abandonment services. It also includes production handling arrangements and the production and sale of oil and gas. For the three and nine months ended September 30, 2015 and 2014 , operating results for the Company’s subsea construction and conventional decommissioning businesses are reported in discontinued operations (see note 3). Previously those operating results were reported within the Technical Solutions segment. The Company evaluates the performance of its reportable segments based on income or loss from operations. The segment measure is calculated as follows: segment revenues less segment operating expenses, depreciation expense and allocated general and administrative expenses. General and administrative expenses are allocated to the segments based primarily on specific identification and, to the extent that such identification is not practical, other methods which the Company believes to be a reasonable reflection of the utilization of services provided. The Company believes this segment measure is useful in evaluating the performance of its reportable segments because it highlights operating trends and aids analytical comparisons. Summarized financial information for the Company’s segments for the three and nine months ended September 30, 2015 and 2014 is shown in the following tables (in thousands): Three Months Ended September 30, 2015 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ $ $ $ $ - $ Cost of services and rentals (exclusive of items shown separately below) - Depreciation, depletion, amortization and accretion - General and administrative expenses - Reduction in value of assets - - - Income (loss) from operations - Interest expense, net - - Other expense - - - - Income (loss) from continuing operations before income taxes $ $ $ $ $ $ Three Months Ended September 30, 2014 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ $ $ $ $ - $ Cost of services and rentals (exclusive of items shown separately below) - Depreciation, depletion, amortization and accretion - General and administrative expenses - Income from operations - Interest expense, net - - - Other expense - - - - Income (loss) from continuing operations before income taxes $ $ $ $ $ $ Nine Months Ended September 30, 2015 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ $ $ $ $ - $ Cost of services and rentals (exclusive of items shown separately below) - Depreciation, depletion, amortization and accretion - General and administrative expenses - Reduction in value of assets - - Income (loss) from operations - Interest expense, net - - Other expense - - - - Income (loss) from continuing operations before income taxes $ $ $ $ $ $ Nine Months Ended September 30, 2014 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ $ $ $ $ - $ Cost of services and rentals (exclusive of items shown separately below) - Depreciation, depletion, amortization and accretion - General and administrative expenses - Income from operations - Interest expense, net - - - Other income (expense) - - - - Income (loss) from continuing operations before income taxes $ $ $ $ $ $ Identifiable Assets Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total September 30, 2015 $ $ $ $ $ - $ December 31, 2014 $ $ $ $ $ - $ As of September 30, 2015 and December 31, 2014, the Technical Solutions segment included $120.5 million and $ 116.7 million, respectively, of identifiable assets of the subsea construction and conventional decommissioning businesses that were classified as assets held for sale on the consolidated balance sheets. Geographic Segments The Company attributes revenue to various countries based on the location of where services are performed or the destination of the drilling products or equipment sold or rented. Long-lived assets consist primarily of property, plant and equipment and are attributed to various countries based on the physical location of the asset at the end of a period. As of September 30, 2015 and December 31, 2014, the assets of the subsea construction and conventional decommissioning businesses are classified as assets held for sale on the consolidated balance sheets. The Company’s revenue by geographic area for the three and nine months ended September 30, 2015 and 2014 and long-lived assets by geographic area as of September 30, 2015 and December 31, 2014 are as follows (in thousands): Revenues Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 United States $ $ $ $ Other Countries Total $ $ $ $ Long-Lived Assets September 30, 2015 December 31, 2014 United States $ $ Other Countries Total, net $ $

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	(11) Fair Value Measurements The Company follows the authoritative guidance for fair value measurements relating to financial and nonfinancial assets and liabilities, including presentation of required disclosures herein. This guidance establishes a fair value framework requiring the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets and liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: Level 1 : Unadjusted quoted prices in active markets for identical assets and liabilities. Level 2 : Observable inputs other than those included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical assets or liabilities in inactive markets; or model-derived valuations or other inputs that can be corroborated by observable market data. Level 3 : Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. The following tables provide a summary of the financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 (in thousands): Fair Value Measurements at Reporting Date Using September 30, 2015 Level 1 Level 2 Level 3 Intangible and other long-term assets, net Non-qualified deferred compensation assets $ $ $ - Interest rate swaps $ - $ - Accounts payable Non-qualified deferred compensation liabilities $ - $ - Other long-term liabilities Non-qualified deferred compensation liabilities $ - $ - December 31, 2014 Level 1 Level 2 Level 3 Intangible and other long-term assets, net Non-qualified deferred compensation assets $ $ $ - Interest rate swaps $ - $ - Accounts payable Non-qualified deferred compensation liabilities $ - $ - Other long-term liabilities Non-qualified deferred compensation liabilities $ - $ - The Company’s non-qualified deferred compensation plans allow officers, certain highly compensated employees and non-employee directors to defer receipt of a portion of their compensation and contribute such amounts to one or more hypothetical investment funds. The Company entered into separate trust agreements, subject to general creditors, to segregate assets of each plan and reports the accounts of the trusts in its condensed consolidated financial statements. These investments are reported at fair value based on unadjusted quoted prices in active markets for identifiable assets and observable inputs for similar assets and liabilities, which represent Levels 1 and 2, respectively, in the fair value hierarchy. The Company has three interest rate swap agreements related to its fixed rate debt maturing in 2021 for notional amounts of $ 100 million each, whereby the Company is entitled to receive semi-annual interest payments at a fixed rate of 7 1/8% per annum and is obligated to make semi-annual interest payments at floating rates, which are adjusted every 90 days, based on LIBOR plus a fixed margin. The swap agreements, scheduled to terminate on December 15, 2021, are designated as fair value hedges of a portion of the Company’s 7 1/8% senior notes, as the derivatives have been tested to be highly effective in offsetting changes in the fair value of the underlying notes. As these derivatives are classified as fair value hedges, the changes in the fair value of the derivatives are offset against the changes in the fair value of the underlying note in interest expense, net (see note 12). The fair value of the Company’s cash equivalents, accounts receivable and current maturities of long-term debt approximates their carrying amounts. The fair value of the Company’s long-term debt was approximately $ 1,628.3 million and $ 1,624.3 million as of September 30, 2015 and December 31, 2014 , respectively. The fair value of these debt instruments is determined by reference to the market value of the instruments as quoted in over-the-counter markets, which are Level 1 inputs. The following table summarizes impairments of goodwill and long-lived assets and the related post-impairment fair values for the three and nine months ended September 30, 2015 (in thousands): Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 Impairment Fair Value Impairment Fair Value Property, plant and equipment, net $ - $ - $ $ Goodwill Intangible assets - - Fair value is measured as of the impairment date using Level 3 inputs. See note 2 for a discussion of reduction in value of assets expense recorded during the three and nine months ended September 30, 2015.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2015
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	(12) Derivative Financial Instruments From time to time, the Company may employ interest rate swaps in an attempt to achieve a more balanced debt portfolio between fixed and variable interest. The Company does not use derivative financial instruments for trading or speculative purposes. The Company has three interest rate swaps for notional amounts of $100 million each related to its 7 1/8% senior notes maturing in December 2021. These interest rate swaps are accounted for as fair value hedges since the swaps hedge against the change in fair value of fixed rate debt resulting from changes in interest rates. The Company recorded a derivative asset relating to these swaps of $7.2 million and $4.2 million within intangible and other long term assets in the consolidated balance sheets as of September 30, 2015 and December 31, 2014 , respectively . The changes in fair value of the interest rate swaps are included in the adjustments to reconcile net income to net cash provided by operating activities in the consolidated statement of cash flows. The location and effect of the derivative instruments on the condensed consolidated statement of operations, presented on a pre-tax basis, are as follows (in thousands): Three Months Ended September 30, Effect of derivative instrument Location of (gain) loss recognized 2015 2014 Interest rate swap Interest expense, net $ $ Hedged item - debt Interest expense, net $ $ Nine Months Ended September 30, Effect of derivative instrument Location of (gain) loss recognized 2015 2014 Interest rate swap Interest expense, net $ $ Hedged item - debt Interest expense, net $ $ For the nine months ended September 30, 2015 and 2014 , approximately $ 3.0 million and $ 2.3 million of interest income, respectively, was related to the ineffectiveness associated with these fair value hedges. Hedge ineffectiveness represents the difference between the changes in fair value of the derivative instruments and the changes in fair value of the fixed rate debt attributable to changes in the benchmark interest rate.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Taxes [Abstract]
Income Taxes	(13) Income Taxes The Company follows authoritative guidance with respect to accounting for uncertainty in income taxes. It is the Company’s policy to recognize interest and applicable penalties, if any, related to uncertain tax positions in income tax expense. The Company had approximately $35.7 million and $ 30.3 million of unrecorded tax benefits as of September 30, 2015 and December 31, 2014 , respectively , all of which would impact the Company’s effective tax rate if recognized. The increase in the unrecognized tax benefits during 2015 was due to an expectation of unfavorable results in an ongoing foreign audit.

Related Party Disclosures

Related Party Disclosures	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
Related Party Disclosures	(14) Related Party Disclosures During 2014, the Company purchased services, products and equipment, as well as leased certain facilities, from companies affiliated with a former officer, who retired during the first quarter of 2015, of one of its subsidiaries. For the nine months ended September 30, 2014, these related party transactions totaled $146.8 million, of which $56.7 million was purchased from ORTEQ Energy Services, $ 0.6 million was purchased from Ortowski Construction, $15.2 million was paid to Resource Transport, LLC, $51.6 million was purchased from Texas Specialty Sands, LLC, $21.1 million was purchased from ProFuel, LLC and $1.6 million was related to facilities leased from Timber Creek Real Estate Partners. As of December 31, 2014 , the Company’s trade accounts payable includes amounts due to these companies totaling $26.8 million, of which $10.1 million was due ORTEQ Energy Services, $1.7 million was due Resource Transport, LLC, $14.0 million was due Texas Specialty Sands, LLC, and $1.0 million was due ProFuel, LLC. No amount was due Timber Creek Real Estate Partners. The Company’s President and Chief Executive Officer serves as an independent director of the board of Linn Energy, LLC (Linn), an independent oil and gas development company. The Company recorded revenues from Linn and its subsidiaries of $6.0 million and $15.3 million for the nine months ended September 30, 2015 and 2014 , respectively. The Company had trade receivables from Linn and its subsidiaries of $0.8 million and $1.6 million as of September 30, 2015 and December 31, 2014 , respectively.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements, Policy [Policy Text Block]	(15) Rec ently Issued Accounting Pronouncements In September 2015, the Financial Accounting Standards Board issued ASU No. 2015-16, Business Combinations – Simplifying the Accounting for Measurement –Period Adjustments , which changes the accounting for adjustments to provisional amounts recognized in a business combination. The guidance in this update requires that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The new standard is effective for the Company on January 1, 2016 and should be applied prospectively. This ASU is not expected to have a significant impact on the Company’s financial statements. In July 2015, the Financial Accounting Standards Board issued ASU No. 2015-11, Inventory – Simplifying the Measurement of Inventory , which applies to inventory measured using first-in, first-out or average cost. The guidance in this update states that inventory within its scope shall be measured at the lower of cost or net realizable value, and when the net realizable value of inventory is lower than its cost, the difference shall be recognized as a loss in earnings. The new standard is effective for the Company beginning on January 1, 2017 and should be applied on a prospective basis. The Company is evaluating the effect that ASU 2015-11 will have on its consolidated financial statements and related disclosures. In April 2015, the Financial Accounting Standards Board issued ASU No. 2015-03, Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs , which changes the presentation of debt issuance costs. The guidance in this update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. The new standard is effective for the Company on January 1, 2016 and should be applied on a retrospective basis. This ASU will not have a significant impact on the Company’s financial statements. In May 2014, the Financial Accounting Standards Board issued ASU No. 2014-09, Revenue from Contracts with Customers , which will replace most existing revenue recognition guidance in GAAP. The guidance in this update requires an entity to recognize the amount of revenue that it expects to be entitled for the transfer of promised goods or services to customers. The new standard is effective for the Company on January 1, 2018. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the accounting guidance on its ongoing financial reporting.

Reduction in Value of Assets (T

Reduction in Value of Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Reduction in Value of Assets [Abstract]
Reduction in Value of Assets [Table Text Block]	Three Months Nine Months Reduction in value of goodwill $ $ Reduction in value of long-lived assets Retirements of long-lived assets - Reduction in value of assets related to sale of a business - Total reduction in value of assets $ $

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2015
Dispositions [Abstract]
Components of income (loss) from discontinued operations	Three Months Ended September 30, 2015 2014 Revenues $ $ Loss from discontinued operations, net of tax benefit of $275 and $4,063, respectively Nine Months Ended September 30, 2015 2014 Revenues $ $ Loss from discontinued operations, net of tax benefit of $1,991 and $10,131, respectively $ $
Assets and liabilities of disposal groups	September 30, 2015 December 31, 2014 Accounts receivable, net $ $ Prepaid expenses Inventory and other current assets Current assets $ $ Property, plant and equipment, net Intangible and other long-term assets, net - Long-term assets $ $ Accounts payable Accrued expenses Current liabilities $ $ Other long-term liabilities $ - $

Inventory and Other Current A24

Inventory and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	September 30, 2015 December 31, 2014 Finished goods $ $ Raw materials Work-in-process Supplies and consumables Total $ $

Decommissioning Liabilities (Ta

Decommissioning Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Decommissioning Liabilities [Abstract]
Summary the activity for company's decommissioning liabilities	Nine Months Ended September 30, 2015 2014 Decommissioning liabilities, December 31, 2014 and 2013, respectively $ $ Liability acquisitions and dispositions Accretion Revisions in estimated timing and cash flows Total decommissioning liabilities, September 30, 2015 and 2014, respectively $ $

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Information [Abstract]
Identifiable Assets	Identifiable Assets Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total September 30, 2015 $ $ $ $ $ - $ December 31, 2014 $ $ $ $ $ - $
Company's information by geographic area	Revenues Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 United States $ $ $ $ Other Countries Total $ $ $ $ Long-Lived Assets September 30, 2015 December 31, 2014 United States $ $ Other Countries Total, net $ $
Schedule Of Segment Reporting Information By Segment	Three Months Ended September 30, 2015 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ $ $ $ $ - $ Cost of services and rentals (exclusive of items shown separately below) - Depreciation, depletion, amortization and accretion - General and administrative expenses - Reduction in value of assets - - - Income (loss) from operations - Interest expense, net - - Other expense - - - - Income (loss) from continuing operations before income taxes $ $ $ $ $ $ Three Months Ended September 30, 2014 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ $ $ $ $ - $ Cost of services and rentals (exclusive of items shown separately below) - Depreciation, depletion, amortization and accretion - General and administrative expenses - Income from operations - Interest expense, net - - - Other expense - - - - Income (loss) from continuing operations before income taxes $ $ $ $ $ $ Nine Months Ended September 30, 2015 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ $ $ $ $ - $ Cost of services and rentals (exclusive of items shown separately below) - Depreciation, depletion, amortization and accretion - General and administrative expenses - Reduction in value of assets - - Income (loss) from operations - Interest expense, net - - Other expense - - - - Income (loss) from continuing operations before income taxes $ $ $ $ $ $ Nine Months Ended September 30, 2014 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ $ $ $ $ - $ Cost of services and rentals (exclusive of items shown separately below) - Depreciation, depletion, amortization and accretion - General and administrative expenses - Income from operations - Interest expense, net - - - Other income (expense) - - - - Income (loss) from continuing operations before income taxes $ $ $ $ $ $

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements [Abstract]
Summary of financial assets and liabilities measured at fair value on recurring basis	Fair Value Measurements at Reporting Date Using September 30, 2015 Level 1 Level 2 Level 3 Intangible and other long-term assets, net Non-qualified deferred compensation assets $ $ $ - Interest rate swaps $ - $ - Accounts payable Non-qualified deferred compensation liabilities $ - $ - Other long-term liabilities Non-qualified deferred compensation liabilities $ - $ - December 31, 2014 Level 1 Level 2 Level 3 Intangible and other long-term assets, net Non-qualified deferred compensation assets $ $ $ - Interest rate swaps $ - $ - Accounts payable Non-qualified deferred compensation liabilities $ - $ - Other long-term liabilities Non-qualified deferred compensation liabilities $ - $ -
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]	Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 Impairment Fair Value Impairment Fair Value Property, plant and equipment, net $ - $ - $ $ Goodwill Intangible assets - -

Derivative Financial Instrume28

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Financial Instruments [Abstract]
Location and effect of the derivative instrument on the statements of operations	Three Months Ended September 30, Effect of derivative instrument Location of (gain) loss recognized 2015 2014 Interest rate swap Interest expense, net $ $ Hedged item - debt Interest expense, net $ $ Nine Months Ended September 30, Effect of derivative instrument Location of (gain) loss recognized 2015 2014 Interest rate swap Interest expense, net $ $ Hedged item - debt Interest expense, net $ $

Reduction in Value of Assets (D

Reduction in Value of Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2015
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in Value of Long-lived Assets	$ 15,632		$ 165,888
Reduction in Value of Intangible Assets			43,114
Reduction in Value of Goodwill	740,000		1,315,389
Retirements of long-lived assets			42,545
Reduction in value of assets related to sale of business			39,447
Asset Impairment Charges, Total	755,632		1,563,269
Valuation Allowances and Reserves, Adjustments		$ 16,800
Production Services [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in Value of Long-lived Assets			78,500
Reduction in Value of Intangible Assets			58,800
Reduction in Value of Goodwill			575,400
Retirements of long-lived assets			15,200
Asset Impairment Charges, Total	15,632		767,209
Onshore Completion and Workover Services [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in Value of Long-lived Assets			12,900
Reduction in Value of Goodwill			740,000
Retirements of long-lived assets			27,300
Asset Impairment Charges, Total	$ 740,000		780,263
Drilling Products and Services [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in Value of Long-lived Assets			15,800
Asset Impairment Charges, Total			$ 15,797

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price of leased vessels		$ 46.4
Amount of notes receivable net			$ 115
Impairment Of Long Lived Assets To Be Disposed Of	$ 15.5
Ullswater Vessel [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayments of Long-term Capital Lease Obligations		$ 20.9

Discontinued Operations (Compon

Discontinued Operations (Components of income (loss) from discontinued operations, net of tax) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement Additional Disclosures by Disposal Groups Including Discontinued Operations [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ (4,610)	$ (5,886)	$ (24,107)	$ (15,735)
Segment, Discontinued Operations [Member]
Income Statement Additional Disclosures by Disposal Groups Including Discontinued Operations [Line Items]
Revenues	588	34,210	18,694	111,735
Income tax expense (benefit)	(275)	(4,063)	(1,991)	(10,131)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ (4,610)	$ (5,886)	$ (24,107)	$ (15,735)

Discontinued Operations (Assets

Discontinued Operations (Assets and liabilities of disposal groups) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets of discontinued operations	$ 120,520	$ 116,680
Segment, Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net, of discontinued operations	4,497	16,701
Prepaid expenses of discontinued operations	424	2,463
Inventory and other current assets of discontinued operations	1,042	5,576
Current assets of discontinued operations	5,963	24,740
Property, plant and equipment, net, of discontinued operations	114,557	91,171
Intangible and other long-term assets, net, of discontinued operations		769
Long-term assets of discontinued operations	114,557	91,940
Accounts payable of discontinued operations	996	20,530
Accrued expenses of discontinued operations	7,404	24,496
Current liabilities of discontinued operations	$ 8,400	45,026
Other long-term liabilities of discontinued operations		$ 16,814

Earnings per Share (Details)

Earnings per Share (Details) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Earnings Per Share [Abstract]
Stock options	284,000	1,054,000

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Stock Based Compensation And Retirement Plans [Abstract]
Compensation expense	$ 34	$ 33.5

Inventory and Other Current A35

Inventory and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventory and Other Current Assets [Abstract]
Inventory	$ 169,077	$ 165,562
Finished Goods	73,402	72,788
Work in progress	26,940	20,317
Raw materials	26,424	29,718
Supplies and consumables	$ 42,311	$ 42,739

Debt (Details)

Debt (Details) $ in Millions	3 Months Ended
	Sep. 30, 2015USD ($)
Credit Facility [Member]
Debt Instrument [Line Items]
Credit Facility, Term Loan Amount Outstanding	$ 330
Credit facility, total borrowing capacity	1,000
Line of credit facility, revolving borrowing capacity	600
Aggregate principal amount of term loan	400
Line of Credit Facility, Periodic Payment	5
Letters of Credit Outstanding, Amount	43.1
Long-term Line of Credit	0
Unsecured Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 500
Stated interest rate on unsecured senior notes	6.375%
Unsecured Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 800

Decommissioning Liabilities (De

Decommissioning Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Summary of the activity for the Company's decommissioning liabilities
Decommissioning liabilities, December 31, 2014 and 2013, respectively	$ 88,000	$ 83,519
Liabilities acquired and incurred	266	866
Accretion	3,720	3,324
Revision estimated liabilities	1,315	(266)
Total decommissioning liabilities, September 30, 2015 and 2014, respectively	93,301	$ 87,443
Less: current portion of decommissioning liabilities at September 30, 2014 and 2013, respectively	10,400
Long-term decommissioning liabilities	$ 82,901		$ 88,000

Notes Receivable (Details)

Notes Receivable (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Notes Receivable [Abstract]
Amount of notes receivable net	$ 115,000	$ 115,000
Interest rate percentage to record present value of notes receivable	6.58%
Company recorded interest income		$ 1,300	$ 1,200

Segment Information (Financial

Segment Information (Financial information for Company's segments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total revenues	$ 601,396	$ 1,209,026	$ 2,229,415	$ 3,377,996
Cost of services (exclusive of items shown separately below)	420,485	721,692	1,468,264	2,023,590
Depreciation, depletion, amortization and accretion	146,757	170,154	467,329	493,437
General and administrative expenses	123,189	154,859	403,812	457,631
Reduction in value of assets	755,632		1,563,269
Income from operations	(844,667)	162,321	(1,673,259)	403,338
Interest income (expense), net	(22,622)	(24,169)	(71,213)	(72,610)
Other Nonoperating Income (Expense)	(3,123)	(2,051)	(10,620)	(1,480)
Income (loss) from continuing operations before income taxes	(870,412)	136,101	(1,755,092)	329,248
Identifiable Assets	5,284,388		5,284,388		$ 7,377,389
Disposal Group, Including Discontinued Operation, Assets					116,700
Subsea and Technical Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues	104,074	150,180	346,396	419,922
Cost of services (exclusive of items shown separately below)	71,284	79,415	222,841	223,938
Depreciation, depletion, amortization and accretion	14,063	22,016	44,701	54,964
General and administrative expenses	27,135	32,694	85,229	87,943
Income from operations	(8,408)	16,055	(6,375)	53,077
Interest income (expense), net	431	404	1,272	1,167
Income (loss) from continuing operations before income taxes	(7,977)	16,459	(5,103)	54,244
Identifiable Assets	888,272		888,272		946,813
Production Services [Member]
Segment Reporting Information [Line Items]
Total revenues	164,001	348,793	624,214	1,013,904
Cost of services (exclusive of items shown separately below)	130,103	248,567	478,032	706,911
Depreciation, depletion, amortization and accretion	30,159	41,225	105,990	123,213
General and administrative expenses	35,268	45,627	115,385	138,058
Reduction in value of assets	15,632		767,209
Income from operations	(47,161)	13,374	(842,402)	45,722
Interest income (expense), net	(845)		(979)
Income (loss) from continuing operations before income taxes	(48,006)	13,374	(843,381)	45,722
Identifiable Assets	1,108,940		1,108,940		2,116,171
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Total revenues	202,845	470,849	780,200	1,258,774
Cost of services (exclusive of items shown separately below)	174,362	317,433	610,620	876,575
Depreciation, depletion, amortization and accretion	53,854	59,009	169,144	174,995
General and administrative expenses	30,321	39,625	101,644	114,604
Reduction in value of assets	740,000		780,263
Income from operations	(795,692)	54,782	(881,471)	92,600
Income (loss) from continuing operations before income taxes	(795,692)	54,782	(881,471)	92,600
Identifiable Assets	1,960,995		1,960,995		3,010,295
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Total revenues	130,476	239,204	478,605	685,396
Cost of services (exclusive of items shown separately below)	44,736	76,277	156,771	216,166
Depreciation, depletion, amortization and accretion	48,681	47,904	147,494	140,265
General and administrative expenses	30,465	36,913	101,554	117,026
Reduction in value of assets			15,797
Income from operations	6,594	78,110	56,989	211,939
Income (loss) from continuing operations before income taxes	6,594	78,110	56,989	211,939
Identifiable Assets	1,326,181		1,326,181		$ 1,304,110
Unallocated [Member]
Segment Reporting Information [Line Items]
Interest income (expense), net	(22,208)	(24,573)	(71,506)	(73,777)
Other Nonoperating Income (Expense)	(3,123)	(2,051)	(10,620)	(1,480)
Income (loss) from continuing operations before income taxes	$ (25,331)	$ (26,624)	$ (82,126)	$ (75,257)

Segment Information (Company's

Segment Information (Company's information by geographic area) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 601,396	$ 1,209,026	$ 2,229,415	$ 3,377,996
Long-lived assets	2,372,735		2,372,735		$ 2,733,839
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	470,154	1,024,919	1,771,934	2,850,179
Long-lived assets	2,027,057		2,027,057		2,416,306
Other Countries Member
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	131,242	$ 184,107	457,481	$ 527,817
Long-lived assets	$ 345,678		$ 345,678		$ 317,533

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) $ in Millions	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Fair Value Measurements [Abstract]
Adjustment Interval of Variable Rate on Interest Rate Swap	90
Interest rate swap agreement for notional amount	$ 100
Fair value of long term debt	$ 1,628.3	$ 1,624.3

Fair Value Measurements (Financ

Fair Value Measurements (Financial assets and liabilities measured at fair value on a recurring basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	$ 11,118	$ 12,982
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	7,178	4,183
Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	733	2,291
Other long-term liabilities	16,464	14,720
Level 1 [Member] | Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	$ 368	$ 1,481
Level 1 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Level 1 [Member] | Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable
Other long-term liabilities
Level 2 [Member] | Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	$ 10,750	$ 11,501
Level 2 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets	7,178	4,183
Level 2 [Member] | Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	733	2,291
Other long-term liabilities	$ 16,464	$ 14,720
Level 3 [Member] | Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Level 3 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets
Level 3 [Member] | Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable
Other long-term liabilities

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements Used in Testing) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2015
Fair Value Measurements [Abstract]
Reduction in Value of Goodwill	$ 740,000		$ 1,315,389
Reduction in Value of Intangible Assets			43,114
Impairment of Property, Plant and Equipment			107,145
Reduction in Value of Long-lived Assets	15,632		165,888
Impairment Of Long Lived Assets To Be Disposed Of		$ 15,500
Finite lived intngible assets fair value used in testing for impairment			6,345
Goodwill fair value measurement used in testing for impairment	$ 679,550		1,009,144
Property, Plant and Equipment Fair Measurment Used in Testing Impairment of Long-lived Assets			$ 97,114

Derivative Financial Instrume44

Derivative Financial Instruments (Narrative) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Derivatives, Fair Value [Line Items]
Adjustment Interval of Variable Rate on Interest Rate Swap	90
Derivative asset	$ 7.2		$ 4.2
Interest income (expense) related to the ineffectiveness associated with the fair value hedge	3	$ 2.3
Interest rate swap agreement for notional amount	100
July 2013 Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Interest rate swap agreement for notional amount	$ 100

Derivative Financial Instrume45

Derivative Financial Instruments (The location and effect of the derivative instrument on the condensed consolidated statement of operations, pre-tax basis) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	$ (2,318)	$ (732)	$ (2,995)	$ (2,305)
Hedged Item Debt [Member] | Interest Expense, Net [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	3,134	(2,639)	2,648	4,422
Interest Rate Swap [Member] | Interest Expense, Net [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	$ (5,452)	$ 1,907	$ (5,643)	$ (6,727)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Income Taxes [Abstract]
Unrecorded tax benefits	$ 35.7	$ 30.3

Related Party Disclosure (Detai

Related Party Disclosure (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Purchase of services		$ 146.8
Trade Accounts Payable			$ 26.8
Ortowski Construction [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services		0.6
ORTEQ Energy Services [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services		56.7
Trade Accounts Payable			10.1
Resource Transport [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services		15.2
Trade Accounts Payable			1.7
Texas Specialty Sands [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services		51.6
Trade Accounts Payable			14
ProFuel LLC [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services		21.1
Trade Accounts Payable			1
TIMBER CREEK REAL ESTATE PARTNERS [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of services		1.6
LINNENERGY[MEMBER]
Schedule of Equity Method Investments [Line Items]
Revenue from Related Parties	$ 6	$ 15.3
Accounts Receivable, Related Parties, Current	$ 0.8		$ 1.6