Superior Energy Services 10-Q 27 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 25, 2016
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	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		151,700,848
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	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 485,847	$ 564,017
Accounts receivable, net of allowance for doubtful accounts of $30,524 and $28,242 at June 30, 2016 and December 31, 2015, respectively	306,484	428,514
Prepaid expenses	42,706	42,298
Inventory and other current assets	151,917	165,062
Assets of Disposal Group, Including Discontinued Operation, Current	66,637	95,234
Total current assets	1,053,591	1,295,125
Property, plant and equipment, net of accumulated depreciation and depletion of $2,327,405 and $2,278,856 at June 30, 2016 and December 31, 2015, respectively	1,869,204	2,123,291
Goodwill	806,779	1,140,101
Notes receivable	54,181	52,382
Intangible and other long-term assets, net of accumulated amortization of $83,520 and $83,520 at June 30, 2016 and December 31, 2015, respectively	231,505	303,345
Total assets	4,015,260	4,914,244
Current liabilities:
Accounts payable	67,097	114,475
Accrued expenses	224,487	271,246
Income taxes payable	2,768	9,185
Current portion of decommissioning liabilities	22,654	19,052
Current maturities of long-term debt	728	29,957
Total current liabilities	320,464	448,576
Disposal Group, Including Discontinued Operation, Liabilities	2,730	4,661
Deferred income taxes	250,649	383,069
Decommissioning liabilities	96,381	98,890
Long-term debt, net	1,533,060	1,588,263
Other long-term liabilities	185,522	184,634
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 - 151,700,848 as of June 30, 2016 Authorized - 250,000,000, Issued and Outstanding - 150,861,500 at December 31, 2015	152	151
Additional Paid in Capital	2,674,947	2,664,517
Accumulated other comprehensive loss, net	(67,617)	(45,694)
Retained earnings	(978,298)	(408,162)
Total stockholders' equity	1,629,184	2,210,812
Total liabilities and stockholders' equity	$ 4,015,260	$ 4,914,244

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 30,524	$ 28,242
Accumulated depreciation and depletion on Property, plant and equipment	2,237,405	2,278,856
Accumulated amortization of Intangible and other long-term assets	$ 63,656	$ 83,520
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	151,700,848	150,861,500
Common stock, shares outstanding	151,700,848	150,861,500

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Consolidated Statements of Operations [Abstract]
Services	$ 293,964	$ 534,959	$ 607,892	$ 1,220,423
Rentals	62,307	175,825	161,512	407,596
Total Revenues	356,271	710,784	769,404	1,628,019
Costs and expenses:
Cost of services (exclusive of items shown separately below)	258,635	465,533	543,974	1,047,779
Cost of Services	226,752	387,565	479,295	869,558
Cost of rentals	31,883	77,968	64,679	178,221
Depreciation, depletion, amortization and accretion	132,037	158,352	268,709	320,572
General and administrative expenses	82,747	129,661	183,724	280,623
Reduction in value of assets	460,283	807,637	462,461	807,637
Income from operations	(577,431)	(850,399)	(689,464)	(828,592)
Other income (expense):
Interest expense, net	(22,748)	(25,382)	(46,554)	(48,591)
Other Nonoperating Income (Expense)	10,681	(6,524)	18,436	(7,495)
Income from continuing operations before income taxes	(589,498)	(882,305)	(717,582)	(884,678)
Income taxes	(120,866)	(107,173)	(164,414)	(108,051)
Net income (loss) from continuing operations	(468,632)	(775,132)	(553,168)	(776,627)
Income (loss) from discontinued operations, net of tax	(2,225)	(9,857)	(4,492)	(19,497)
Net income	$ (470,857)	$ (784,989)	$ (557,660)	$ (796,124)
Earnings per share information:
Continuing Operations	$ (3.09)	$ (5.15)	$ (3.66)	$ (5.17)
Discontinued Operations	(0.02)	(0.07)	(0.03)	(0.13)
Basic and Diluted loss per share	$ (3.11)	(5.22)	(3.69)	(5.30)
Common Stock, Dividends, Per Share, Cash Paid		$ 0.08	$ 0.08	$ 0.16
Weighted average common shares used in computing earnings per share:
Basic	151,456	150,485	151,124	150,196

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidated Statement of Comprehensive Income [Abstract]
Net income	$ (470,857)	$ (784,989)	$ (557,660)	$ (796,124)
Change in cumulative translation adjustment	(17,168)	14,234	(21,923)	(445)
Comprehensive income	$ (488,025)	$ (770,755)	$ (579,583)	$ (796,569)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ (557,660)	$ (796,124)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	268,709	320,572
Deferred income taxes	(137,753)	(140,031)
Reduction in value of assets including discontinued operations	462,461	807,637
Stock based and performance share unit compensation expense	22,496	24,943
Other reconciling items, net	(10,146)	3,638
Changes in operating assets and liabilities, net of acquisitions and dispositions:
Accounts receivable	121,044	349,926
Inventory and other current assets	(4,495)	5,273
Accounts payable	(22,779)	(85,195)
Accrued expenses	(60,033)	(69,908)
Income taxes	(5,062)	(33,280)
Other, net	20,920	46,065
Net Cash Provided by (Used in) Operating Activities, Total	97,702	433,516
Cash flows from investing activities:
Payments for capital expenditures	(67,402)	(240,305)
Purchase of Leased Vessel		46,442
Other	1,980	(2,909)
Net Cash Provided by (Used in) Investing Activities, Total	(65,422)	(289,656)
Cash flows from financing activities:
Payment to Extinguish Capital Lease Obligation		20,933
Proceeds from issuance of long-term debt		6,946
Principal payments of long-term debt	(334,664)	(10,483)
Payment of debt acquisition costs	(2,389)
Payments of Ordinary Dividends, Common Stock	12,111	24,021
Proceeds from exercise of stock options		8,800
Other	(5,230)	(3,718)
Net Cash Provided by (Used in) Financing Activities, Total	(104,394)	(43,409)
Payments on revolving line of credit	75,000	7,475
Proceeds From Revolving Line Of Credit	325,000	7,475
Effect of exchange rate changes on cash	(6,056)	6,765
Net increase in cash and cash equivalents	(78,170)	107,216
Cash and cash equivalents at beginning of period	564,017	393,046
Cash and cash equivalents at end of period	$ 485,847	$ 500,262

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
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 (SEC); 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, 2015 , 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 six months ended June 30, 2016 and 2015 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 2016 presentation. The results of operations for the first six 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 an

Reduction in Value of Assets and Other Charges	6 Months Ended
	Jun. 30, 2016
Reduction in Value of Assets and Other Charges [Abstract]
Reduction in Value of Assets and Other Charges	(2) Reduction in Value of Assets and Other Charges  For the three and six months ended June 30, 2016 and 2015, the Company recorded $462.5 million and $807.6 million in expense related to the reduction in value of assets, respectively. The components of the reduction in value of assets are as follows (in thousands):     2016 2015  Reduction in value of goodwill $ 330,500 $ 575,389  Reduction in value of long-lived assets 105,859 150,256  Retirements of long-lived assets 26,102 42,545  Reduction in value of assets related to sale of a business - 39,447  Total reduction in value of assets $ 462,461 $ 807,637  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, 2016 and determined that further testing of the Onshore Completion and Workover Services and Production Services segments’ goodwill was necessary. 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 June 30, 2016, indicated that the carrying values of the Onshore Completion and Workover Services and Production Services segments exceeded their fair values so that goodwill was potentially impaired. The Company then performed the second step of the goodwill impairment test, which involved calculating the implied fair value of the segments’ goodwill by allocating the fair values of the Onshore Completion and Workover Services and Production Services segments to all of their assets and liabilities (other than goodwill) and comparing them to the carrying amounts 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.  During the second quarter of 2016, the Company recorded a $330.5 million reduction in value of goodwill relating to its Onshore Completion and Workover Services and Production Services segments. 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 $140.0 million impairment of the Onshore Completion and Workover Services segment’s goodwill. In addition, the Company determined that the implied fair value of its goodwill for the Production Services segment was less than its carrying value and recorded a $190.5 million impairment of the Production Services segment’s goodwill. The reduction in values of goodwill in the Onshore Completion and Workover Services and Production Services segments was primarily driven by further deterioration of market conditions during the period and the Company’s forecast did not indicate a timely recovery sufficient to support the carrying values of the goodwill.  During the second quarter of 2015, the Company recorded a $575.4 million reduction in the value of goodwill relating to its Production Services segment. The Company 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. The reduction in the value of goodwill in the Production Services segment was primarily driven by the decline in demand for coiled tubing services and the Company’s forecast did not indicate a timely recovery sufficient to support the carrying value of the goodwill.  At June 30, 2016 and December 31, 2015, the Company’s accumulated reduction in value of goodwill was $1,748.2 million and $1,417.7 million, respectively.  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 line of business 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.  During the second quarter of 2016, the Company recorded $105.9 million in connection with the reduction in value of its long-lived assets. The reduction in value of assets was comprised of $2.9 million related to equipment and $45.9 million related to intangibles in the fluid management business in the Onshore Completion and Workover Services segment and $12.4 million related to equipment and $21.0 million related to intangibles, primarily relating to the cementing business in the Production Services segment. In addition, the Company recorded $23.7 million related to the reduction in carrying values of certain accommodation units included in the Drilling Products and Services segment. The reduction in value of assets recorded during the second quarter of 2016 was primarily driven by the decline in demand for these services.  During the second quarter of 2015, the Company recorded $150.3 million in connection with the reduction in value of its long-lived assets. The reduction in value of assets was comprised of $78.5 million related to equipment and $43.1 million related to intangibles in the coiled tubing business in 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 $15.8 million related to reduction in carrying values of certain international accommodation units included in the Drilling Products and Services segment.  Retirements of Long-Lived Assets  During the second quarter of 2016, the Company recorded $23.9 million in the Drilling Products and Services segment for retirement and abandonment of excess and inoperable and/or functionally obsolete long-lived assets that would require a significant cost to refurbish.  During the second quarter of 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.  Other Charges  During the three and six months ended June 30, 2016, the Company recorded a $7.4 million and $20.4 million expense, respectively, primarily for severance and facility closures. At June 30, 2016, the accrued lease termination liability balances were $7.6 million and $10.0 million, included in accrued expenses and other long-term liabilities, respectively, on the consolidated balance sheet. At December 31, 2015, the accrued lease termination liability balances were $7.2 million and $11.1 million, included in accrued expenses and other long-term liabilities, respectively, on the consolidated balance sheet.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2016
Inventory [Abstract]
Inventory	(3) Inventory  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):     June 30, 2016 December 31, 2015  Finished goods $ 67,396 $ 71,951  Raw materials 16,805 23,418  Work-in-process 5,623 18,203  Supplies and consumables 34,730 35,189  Total $ 124,554 $ 148,761   

Notes Receivable

Notes Receivable	6 Months Ended
	Jun. 30, 2016
Notes Receivable [Abstract]
Notes Receivable	(4) Notes Receivable  Notes receivable consist of a commitment from the seller of an oil and gas property acquired by the Company related to 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 $ 1.8 million and $0.8 million for the six months ended June 30, 2016 and 2015, respectively . 

Decommissioning Liabilities

Decommissioning Liabilities	6 Months Ended
	Jun. 30, 2016
Decommissioning Liabilities [Abstract]
Decommissioning Liabilities	(5) Decommissioning Liabilities  The Company’s decommissioning liabilities associated with an oil and gas property 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 Company had decommissioning liabilities of $119.0 million and $117.9 million at June 30, 2016 and December 31, 2015, respectively. 

Debt

Debt	6 Months Ended
	Jun. 30, 2016
Debt [Abstract]
Debt	(6) Debt  The Company’s outstanding debt is as follows (in thousands):     June 30, 2016 December 31, 2015  Long-term Current Long-term Current  Revolving credit facility due February 2019 $ 250,000 $ - $ - $ -  Senior Notes due May 2019 500,000 - 500,000 -  Senior Notes due December 2021 800,000 - 800,000 -  Term loan - - 305,000 20,000  Other 839 728 3,089 9,957  Total debt, gross 1,550,839 728 1,608,089 29,957  Unamortized debt issuance costs (17,779) - (19,826) -  Total debt, net $ 1,533,060 $ 728 $ 1,588,263 $ 29,957  Credit Facility  At December 31, 2015, the Company had a bank credit facility, comprised of a $ 600.0 million revolving credit facility and a $ 325.0 million term loan. In February 2016, the Company amended and extended its credit facility, resulting in a $470.3 million revolving credit facility that matures in 2019 and no longer has a term loan component. In July 2016, the Company amended the credit facility and repaid the outstanding balance of $250.0 million. The amended agreement, among other things, reduces the size of the facility to $400.0 million, suspends the maximum leverage ratio covenant until the fourth quarter of 2017 and replaces it with a senior secured debt to earnings before interest, taxes, depreciation and amortization ratio covenant during this period and modifies the restricted payment covenant to eliminate our ability to pay dividends and make equity repurchases until September 2017.  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.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2016
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	(7) 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 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. The Company recorded a derivative asset relating to these swaps of $10.8 million and $6.9 million within intangible and other long term assets in the consolidated balance sheets at June 30, 2016 and December 31, 2015 , respectively .  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 June 30,  Effect of derivative instrument Location of (gain) loss recognized 2016 2015  Interest rate swap Interest expense, net $ (923) $ 3,257  Hedged item - debt Interest expense, net (320) (2,671)  $ (1,243) $ 586         Six Months Ended June 30,  Effect of derivative instrument Location of (gain) loss recognized 2016 2015  Interest rate swap Interest expense, net $ (6,120) $ (191)  Hedged item - debt Interest expense, net 2,170 (486)  $ (3,950) $ (677)    For the six months ended June 30, 2016 and 2015 , approximately $ 4.0 million and $ 0.7 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.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Measurements [Abstract]
Fair Value Measurements	(8) Fair Value Measurements  Fair value is defined as the price that would be received to sell an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs used in determining fair value are characterized according to a hierarchy that prioritizes those inputs based on the degree to which they are observable. The three input levels of the fair value hierarchy are 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 (in thousands):    Fair Value Measurements at Reporting Date Using  June 30, 2016 Level 1 Level 2 Level 3  Intangible and other long-term assets, net  Non-qualified deferred compensation assets $ 11,892 $ 367 $ 11,525 -  Interest rate swaps $ 10,855 - $ 10,855 -  Accounts payable  Non-qualified deferred compensation liabilities $ 1,020 - $ 1,020 -  Other long-term liabilities  Non-qualified deferred compensation liabilities $ 18,948 - $ 18,948 -   December 31, 2015 Level 1 Level 2 Level 3  Intangible and other long-term assets, net  Non-qualified deferred compensation assets $ 11,548 $ 368 $ 11,180 -  Interest rate swaps $ 6,905 - $ 6,905 -  Accounts payable  Non-qualified deferred compensation liabilities $ 721 - $ 721 -  Other long-term liabilities  Non-qualified deferred compensation liabilities $ 17,367 - $ 17,367 -  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 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 $ 1,517.8 million and $ 1,508.0 million as of June 30, 2016 and December 31, 2015 , 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 reflects the fair value measurements used in testing the impairments of long-lived assets and goodwill (in thousands):     Six Months Ended June 30, 2016  Impairment Fair Value  Goodwill $ 330,500 $ 668,864  Property, plant and equipment, net $ 38,977 $ 284,457  Intangible assets $ 66,882 $ -  Fair value is measured as of the impairment date using Level 3 inputs. See note 2 for discussion of reduction in value of assets and other charges.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2016
Segment Information [Abstract]
Segment Information	(9) 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 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. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including 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. 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, depletion, amortization and accretion expense, reduction in value of assets 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 that 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 is as follows (in thousands):    Three Months Ended June 30, 2016   Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  Revenues $ 80,633 $ 115,893 $ 80,543 $ 79,202 $ - $ 356,271  Cost of services and rentals  (exclusive of items shown separately below) 34,637 115,370 64,310 44,318 - 258,635  Depreciation, depletion, amortization and accretion 44,353 52,912 22,987 11,785 - 132,037  General and administrative expenses 25,259 20,076 16,415 20,997 - 82,747  Reduction in value of assets 47,659 188,741 223,883 - - 460,283  Income (loss) from operations (71,275) (261,206) (247,052) 2,102 - (577,431)  Interest income (expense), net - - (520) 856 (23,084) (22,748)  Other income - - 10,681 10,681  Income (loss) from continuing operations before income taxes $ (71,275) $ (261,206) $ (247,572) $ 2,958 $ (12,403) $ (589,498)       Three Months Ended June 30, 2015   Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  Revenues $ 146,376 $ 226,459 $ 208,669 $ 129,280 $ - $ 710,784  Cost of services and rentals  (exclusive of items shown separately below) 47,722 182,240 156,509 79,062 - 465,533  Depreciation, depletion, amortization and accretion 49,408 55,465 36,463 17,016 - 158,352  General and administrative expenses 30,150 32,785 35,799 30,927 - 129,661  Reduction in value of assets 15,797 40,263 751,577 - - 807,637  Income (loss) from operations 3,299 (84,294) (771,679) 2,275 - (850,399)  Interest income (expense), net - - (369) 424 (25,437) (25,382)  Other expense - - - - (6,524) (6,524)  Income (loss) from continuing operations before income taxes $ 3,299 $ (84,294) $ (772,048) $ 2,699 $ (31,961) $ (882,305)       Six Months Ended June 30, 2016   Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  Revenues $ 177,203 $ 248,365 $ 177,289 $ 166,547 $ - $ 769,404  Cost of services and rentals  (exclusive of items shown separately below) 72,171 238,700 138,184 94,919 - 543,974  Depreciation, depletion, amortization and accretion 91,137 107,539 46,572 23,461 - 268,709  General and administrative expenses 53,806 45,126 38,668 46,124 - 183,724  Reduction in value of assets 47,659 188,741 226,061 - - 462,461  Income (loss) from operations (87,570) (331,741) (272,196) 2,043 - (689,464)  Interest expense, net - - (1,313) 1,799 (47,040) (46,554)  Other expense - - - - 18,436 18,436  Income (loss) from continuing operations before income taxes $ (87,570) $ (331,741) $ (273,509) $ 3,842 $ (28,604) $ (717,582)       Six Months Ended June 30, 2015   Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  Revenues $ 343,012 $ 577,543 $ 460,048 $ 247,416 $ - $ 1,628,019  Cost of services and rentals  (exclusive of items shown separately below) 109,523 436,447 347,731 154,078 - 1,047,779  Depreciation, depletion, amortization and accretion 98,175 115,270 75,509 31,618 - 320,572  General and administrative expenses 68,993 71,049 79,105 61,476 - 280,623  Reduction in value of assets 15,797 40,263 751,577 - - 807,637  Income (loss) from operations 50,524 (85,486) (793,874) 244 - (828,592)  Interest expense, net - - (134) 841 (49,298) (48,591)  Other expense - - - - (7,495) (7,495)  Income (loss) from continuing operations before income taxes $ 50,524 $ (85,486) $ (794,008) $ 1,085 $ (56,793) $ (884,678)       Identifiable Assets  Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  June 30, 2016 $ 1,099,741 $ 1,597,004 $ 599,350 $ 719,165 $ - $ 4,015,260  December 31, 2015 $ 1,223,191 $ 1,929,185 $ 967,719 $ 794,149 $ - $ 4,914,244  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. The Company’s revenue attributed to the U.S. and to other countries and the value of its long-lived assets by those locations are as follows (in thousands):          Revenues  Three Months Ended June 30, Six Months Ended June 30,  2016 2015 2016 2015  United States $ 261,384 $ 541,337 $ 564,960 $ 1,301,780  Other Countries 94,887 169,447 204,444 326,239  Total $ 356,271 $ 710,784 $ 769,404 $ 1,628,019   Long-Lived Assets  June 30, 2016 December 31, 2015  United States $ 1,506,127 $ 1,799,418  Other Countries 363,077 323,873  Total, net $ 1,869,204 $ 2,123,291   

Stock Based Compensation Plans

Stock Based Compensation Plans	6 Months Ended
	Jun. 30, 2016
Share-based Compensation [Abstract]
Stock Based Compensation Plans	(10) 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 $ 21.3 million and $ 24.5 million for the six months ended June 30, 2016 and 2015 , respectively, which is reflected in general and administrative expenses.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Taxes [Abstract]
Income Taxes	(11) Income Taxes  The Company had $ 29.7 million of unrecorded tax benefits at June 30, 2016 and December 31, 2015 , all of which would impact the Company’s effective tax rate if recognized. It is the Company’s policy to recognize interest and applicable penalties, if any, related to uncertain tax positions in income tax expense.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings per Share	(12) 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 six months ended June 30, 2016 and 2015, the Company incurred a loss from continuing operations; therefore the impact of any incremental shares would be anti-dilutive.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2016
Dispositions [Abstract]
Discontinued Operations	(13) Discontinued Operations  During the first quarter of 2016, the Company’s management determined that the conventional decommissioning business no longer met the held for sale criteria at March 31, 2016. Accordingly, property, plant and equipment related to the conventional decommissioning business was reclassified back to continuing operations.  At June 30, 2016, the assets of the subsea construction business were being actively marketed and the Company’s management is committed to selling the remaining assets. At June 30, 2016 , the assets and liabilities of the subsea construction business were classified as held for sale.  The following table summarizes the components of loss from discontinued operations, net of tax (in thousands):   Three Months Ended June 30,  2016 2015  Revenues $ - $ 15,167   Loss from discontinued operations, net of tax benefit of $0 and $343, respectively (2,225) (9,857)           Six Months Ended June 30,  2016 2015  Revenues $ - $ 18,107   Loss from discontinued operations, net of tax benefit of $0 and $1,716, respectively (4,492) (19,497)  For the three and six months ended June 30, 2015, loss from discontinued operations included $0.6 million and $1.1 million, respectively, of loss related to the conventional decommissioning business.  The following summarizes the assets and liabilities related to the businesses reported as discontinued operations (in thousands):    June 30, 2016 December 31, 2015  Current assets $ 2,637 $ 2,600  Property, plant and equipment, net 64,000 92,634  Total assets $ 66,637 $ 95,234  Current liabilities $ 2,730 $ 4,661  At December 31, 2015, assets held for sale included $26.6 million of property, plant and equipment related to the conventional decommissioning business.

Related Party Disclosures

Related Party Disclosures	6 Months Ended
	Jun. 30, 2016
Related Party Disclosures [Abstract]
Related Party Disclosures	(14) Related Party Disclosures   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 $2.6 million and $4.2 million for the six months ended June 30, 2016 and 2015 , respectively. The Company had trade receivables from Linn and its subsidiaries of $0.9 million and $2.0 million as of June 30, 2016 and December 31, 2015 , respectively. 

Recently Issued Accounting Guid

Recently Issued Accounting Guidance	6 Months Ended
	Jun. 30, 2016
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements, Policy [Policy Text Block]	(15) Recently Issued Accounting Guidance  In March, 2016, the Financial Accounting Standards Board (FASB) issued accounting standards update (ASU) 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting, which relates to the accounting for employee share-based payments. The guidance in this update addresses several aspects of the accounting for share-based payments, including income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The new standard is effective for the Company beginning on January 1, 2017. The Company is evaluating the effect that ASU 2016-09 will have on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, Leases , which requires lessees to recognize the assets and liabilities arising from leases on the balance sheet. The new standard is effective for the Company beginning on January 1, 2019 and should be applied using a modified retrospective approach. The Company is evaluating the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures.  In July 2015, the FASB 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 May 2014, the FASB 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)	6 Months Ended
	Jun. 30, 2016
Reduction in Value of Assets and Other Charges [Abstract]
Reduction in Value of Assets [Table Text Block]	   2016 2015  Reduction in value of goodwill $ 330,500 $ 575,389  Reduction in value of long-lived assets 105,859 150,256  Retirements of long-lived assets 26,102 42,545  Reduction in value of assets related to sale of a business - 39,447  Total reduction in value of assets $ 462,461 $ 807,637 

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory [Abstract]
Schedule of Inventory, Current [Table Text Block]	   June 30, 2016 December 31, 2015  Finished goods $ 67,396 $ 71,951  Raw materials 16,805 23,418  Work-in-process 5,623 18,203  Supplies and consumables 34,730 35,189  Total $ 124,554 $ 148,761  

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	   June 30, 2016 December 31, 2015  Long-term Current Long-term Current  Revolving credit facility due February 2019 $ 250,000 $ - $ - $ -  Senior Notes due May 2019 500,000 - 500,000 -  Senior Notes due December 2021 800,000 - 800,000 -  Term loan - - 305,000 20,000  Other 839 728 3,089 9,957  Total debt, gross 1,550,839 728 1,608,089 29,957  Unamortized debt issuance costs (17,779) - (19,826) -  Total debt, net $ 1,533,060 $ 728 $ 1,588,263 $ 29,957 

Derivative Financial Instrume25

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Financial Instruments [Abstract]
Location and Effect of the Derivative Instrument on the Statements of Operations	   Three Months Ended June 30,  Effect of derivative instrument Location of (gain) loss recognized 2016 2015  Interest rate swap Interest expense, net $ (923) $ 3,257  Hedged item - debt Interest expense, net (320) (2,671)  $ (1,243) $ 586         Six Months Ended June 30,  Effect of derivative instrument Location of (gain) loss recognized 2016 2015  Interest rate swap Interest expense, net $ (6,120) $ (191)  Hedged item - debt Interest expense, net 2,170 (486)  $ (3,950) $ (677)   

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Measurements [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	   Fair Value Measurements at Reporting Date Using  June 30, 2016 Level 1 Level 2 Level 3  Intangible and other long-term assets, net  Non-qualified deferred compensation assets $ 11,892 $ 367 $ 11,525 -  Interest rate swaps $ 10,855 - $ 10,855 -  Accounts payable  Non-qualified deferred compensation liabilities $ 1,020 - $ 1,020 -  Other long-term liabilities  Non-qualified deferred compensation liabilities $ 18,948 - $ 18,948 -   December 31, 2015 Level 1 Level 2 Level 3  Intangible and other long-term assets, net  Non-qualified deferred compensation assets $ 11,548 $ 368 $ 11,180 -  Interest rate swaps $ 6,905 - $ 6,905 -  Accounts payable  Non-qualified deferred compensation liabilities $ 721 - $ 721 -  Other long-term liabilities  Non-qualified deferred compensation liabilities $ 17,367 - $ 17,367 -  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]	   Six Months Ended June 30, 2016  Impairment Fair Value  Goodwill $ 330,500 $ 668,864  Property, plant and equipment, net $ 38,977 $ 284,457  Intangible assets $ 66,882 $ - 

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Information [Abstract]
Identifiable Assets	   Identifiable Assets  Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  June 30, 2016 $ 1,099,741 $ 1,597,004 $ 599,350 $ 719,165 $ - $ 4,015,260  December 31, 2015 $ 1,223,191 $ 1,929,185 $ 967,719 $ 794,149 $ - $ 4,914,244 
Company's Information by Geographic Area	   Revenues  Three Months Ended June 30, Six Months Ended June 30,  2016 2015 2016 2015  United States $ 261,384 $ 541,337 $ 564,960 $ 1,301,780  Other Countries 94,887 169,447 204,444 326,239  Total $ 356,271 $ 710,784 $ 769,404 $ 1,628,019   Long-Lived Assets  June 30, 2016 December 31, 2015  United States $ 1,506,127 $ 1,799,418  Other Countries 363,077 323,873  Total, net $ 1,869,204 $ 2,123,291  
Schedule Of Segment Reporting Information By Segment	    Three Months Ended June 30, 2016   Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  Revenues $ 80,633 $ 115,893 $ 80,543 $ 79,202 $ - $ 356,271  Cost of services and rentals  (exclusive of items shown separately below) 34,637 115,370 64,310 44,318 - 258,635  Depreciation, depletion, amortization and accretion 44,353 52,912 22,987 11,785 - 132,037  General and administrative expenses 25,259 20,076 16,415 20,997 - 82,747  Reduction in value of assets 47,659 188,741 223,883 - - 460,283  Income (loss) from operations (71,275) (261,206) (247,052) 2,102 - (577,431)  Interest income (expense), net - - (520) 856 (23,084) (22,748)  Other income - - 10,681 10,681  Income (loss) from continuing operations before income taxes $ (71,275) $ (261,206) $ (247,572) $ 2,958 $ (12,403) $ (589,498)       Three Months Ended June 30, 2015   Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  Revenues $ 146,376 $ 226,459 $ 208,669 $ 129,280 $ - $ 710,784  Cost of services and rentals  (exclusive of items shown separately below) 47,722 182,240 156,509 79,062 - 465,533  Depreciation, depletion, amortization and accretion 49,408 55,465 36,463 17,016 - 158,352  General and administrative expenses 30,150 32,785 35,799 30,927 - 129,661  Reduction in value of assets 15,797 40,263 751,577 - - 807,637  Income (loss) from operations 3,299 (84,294) (771,679) 2,275 - (850,399)  Interest income (expense), net - - (369) 424 (25,437) (25,382)  Other expense - - - - (6,524) (6,524)  Income (loss) from continuing operations before income taxes $ 3,299 $ (84,294) $ (772,048) $ 2,699 $ (31,961) $ (882,305)       Six Months Ended June 30, 2016   Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  Revenues $ 177,203 $ 248,365 $ 177,289 $ 166,547 $ - $ 769,404  Cost of services and rentals  (exclusive of items shown separately below) 72,171 238,700 138,184 94,919 - 543,974  Depreciation, depletion, amortization and accretion 91,137 107,539 46,572 23,461 - 268,709  General and administrative expenses 53,806 45,126 38,668 46,124 - 183,724  Reduction in value of assets 47,659 188,741 226,061 - - 462,461  Income (loss) from operations (87,570) (331,741) (272,196) 2,043 - (689,464)  Interest expense, net - - (1,313) 1,799 (47,040) (46,554)  Other expense - - - - 18,436 18,436  Income (loss) from continuing operations before income taxes $ (87,570) $ (331,741) $ (273,509) $ 3,842 $ (28,604) $ (717,582)       Six Months Ended June 30, 2015   Onshore  Drilling Completion  Products and and Workover Production Technical Consolidated  Services Services Services Solutions Unallocated Total  Revenues $ 343,012 $ 577,543 $ 460,048 $ 247,416 $ - $ 1,628,019  Cost of services and rentals  (exclusive of items shown separately below) 109,523 436,447 347,731 154,078 - 1,047,779  Depreciation, depletion, amortization and accretion 98,175 115,270 75,509 31,618 - 320,572  General and administrative expenses 68,993 71,049 79,105 61,476 - 280,623  Reduction in value of assets 15,797 40,263 751,577 - - 807,637  Income (loss) from operations 50,524 (85,486) (793,874) 244 - (828,592)  Interest expense, net - - (134) 841 (49,298) (48,591)  Other expense - - - - (7,495) (7,495)  Income (loss) from continuing operations before income taxes $ 50,524 $ (85,486) $ (794,008) $ 1,085 $ (56,793) $ (884,678)  

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2016
Dispositions [Abstract]
Components of Income (Loss) from Discontinued Operations	 Three Months Ended June 30,  2016 2015  Revenues $ - $ 15,167   Loss from discontinued operations, net of tax benefit of $0 and $343, respectively (2,225) (9,857)           Six Months Ended June 30,  2016 2015  Revenues $ - $ 18,107   Loss from discontinued operations, net of tax benefit of $0 and $1,716, respectively (4,492) (19,497) 
Assets and Liabilities of Disposal Groups	   June 30, 2016 December 31, 2015  Current assets $ 2,637 $ 2,600  Property, plant and equipment, net 64,000 92,634  Total assets $ 66,637 $ 95,234  Current liabilities $ 2,730 $ 4,661 

Reduction in Value of Assets (D

Reduction in Value of Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Reduction In Value Of Assets And Impairments [Line Items]
Reduction in Value of Long-lived Assets			$ 105,859	$ 150,256
Impairment of Property, Plant and Equipment			38,977
Impairment of Intangible Assets (Excluding Goodwill)			66,882
Reduction in Value of Goodwill			330,500	575,389
Retirements of long-lived assets			26,102	42,545
Reduction in value of assets related to sale of business				39,447
Asset Impairment Charges, Total	$ 460,283	$ 807,637	462,461	807,637
Valuation Allowances and Reserves, Additions for Adjustments		16,800
Goodwill, Impaired, Accumulated Impairment Loss	1,748,200		1,748,200		$ 1,417,700
Restructuring Charges	7,400		20,400
Restructuring Reserve, Current	7,600		7,600		7,200
Restructuring Reserve, Noncurrent	10,000		10,000		$ 11,100
Production Services [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Impairment of Property, Plant and Equipment	12,400			78,500
Impairment of Intangible Assets (Excluding Goodwill)	21,000			43,100
Reduction in Value of Goodwill	190,500			575,400
Retirements of long-lived assets				15,200
Reduction in value of assets related to sale of business		39,400
Asset Impairment Charges, Total	223,883	751,577	226,061	751,577
Onshore Completion and Workover Services [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Impairment of Property, Plant and Equipment	2,900			12,900
Impairment of Intangible Assets (Excluding Goodwill)	45,900
Reduction in Value of Goodwill	140,000
Retirements of long-lived assets				27,300
Asset Impairment Charges, Total	188,741	40,263	188,741	40,263
Drilling Products and Services [Member]
Reduction In Value Of Assets And Impairments [Line Items]
Impairment of Property, Plant and Equipment	23,700			15,800
Retirements of long-lived assets	23,900
Asset Impairment Charges, Total	$ 47,659	$ 15,797	$ 47,659	$ 15,797

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Inventory [Abstract]
Inventory	$ 124,554	$ 148,761
Finished Goods	67,396	71,951
Work in progress	5,623	18,203
Raw materials	16,805	23,418
Supplies and consumables	$ 34,730	$ 35,189

Notes Receivable (Details)

Notes Receivable (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Notes Receivable [Abstract]
Amount of notes receivable net	$ 115
Interest rate percentage to record present value of notes receivable	6.58%
Company recorded interest income	$ 1.8	$ 0.8

Decommissioning Liabilities (De

Decommissioning Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Summary of the activity for the Company's decommissioning liabilities
Total decommissioning liabilities	$ 119,000	$ 117,900
Less: current portion of decommissioning liabilities	22,654	19,052
Long-term decommissioning liabilities	$ 96,381	$ 98,890

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016	Feb. 29, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Credit facility, total borrowing capacity		$ 400,000	$ 470,300
Revolving credit facility outstanding, amount	$ 250,000
Long-term Debt, Gross	1,550,839			$ 1,608,089
Long-term Debt, Current Maturities	728			29,957
Unamortized debt issuance costs	17,779			19,826
Long-term Debt, Excluding Current Maturities, Total	1,533,060			1,588,263
Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, revolving borrowing capacity				600,000
Aggregate principal amount of term loan				325,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	250,000
Unsecured Senior Notes Due 2019 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 500,000
Stated interest rate on unsecured senior notes	6.375%
Long-term Debt, Gross				500,000
Unsecured Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 800,000
Long-term Debt, Gross	800,000			800,000
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	839			3,089
Long-term Debt, Current Maturities	$ 728			9,957
Term loan under credit facility [Member]
Debt Instrument [Line Items]
Credit Facility, Term Loan Amount Outstanding				305,000
Long-term Debt, Current Maturities				$ 20,000

Derivative Financial Instrume34

Derivative Financial Instruments (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Derivative Financial Instruments [Abstract]
Adjustment Interval of Variable Rate on Interest Rate Swap		90
Derivative asset		$ 10.8	$ 6.9
Interest income (expense) related to the ineffectiveness associated with the fair value hedge	$ 0.7	4
Interest rate swap agreement for notional amount		$ 100

Derivative Financial Instrume35

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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	$ (1,243)	$ 586	$ (3,950)	$ (677)
Hedged Item Debt [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	(320)	(2,671)	2,170	(486)
Interest Rate Swap [Member] | Interest Expense, Net [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Amount of (gain) loss recognized	$ (923)	$ 3,257	$ (6,120)	$ (191)

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) $ in Millions	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
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	$ 1,517.8	$ 1,508

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	Jun. 30, 2016	Dec. 31, 2015
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, net	$ 11,892	$ 11,548
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets, net	10,855	6,905
Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	1,020	721
Other long-term liabilities	18,948	17,367
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, net	367	368
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, net
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, net	11,525	11,180
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, net	10,855	6,905
Level 2 [Member] | Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	1,020	721
Other long-term liabilities	18,948	17,367
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, net
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, net
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	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Fair Value Measurements [Abstract]
Reduction in Value of Goodwill	$ 330,500	$ 575,389
Reduction in Value of Long-lived Assets	105,859	$ 150,256
Impairment of Property, Plant and Equipment	38,977
Impairment of Intangible Assets (Excluding Goodwill)	66,882
Goodwill fair value measurement used in testing for impairment	668,864
Property, Plant and Equipment Fair Measurment Used in Testing Impairment of Long-lived Assets	$ 284,457

Segment Information (Financial

Segment Information (Financial information for Company's segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total revenues	$ 356,271	$ 710,784	$ 769,404	$ 1,628,019
Cost of services (exclusive of items shown separately below)	258,635	465,533	543,974	1,047,779
Depreciation, depletion, amortization and accretion	132,037	158,352	268,709	320,572
General and administrative expenses	82,747	129,661	183,724	280,623
Reduction in value of assets	460,283	807,637	462,461	807,637
Income from operations	(577,431)	(850,399)	(689,464)	(828,592)
Interest income (expense), net	(22,748)	(25,382)	(46,554)	(48,591)
Other Nonoperating Income (Expense)	10,681	(6,524)	18,436	(7,495)
Income (loss) from continuing operations before income taxes	(589,498)	(882,305)	(717,582)	(884,678)
Identifiable Assets	4,015,260		4,015,260		$ 4,914,244
Subsea and Technical Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues	79,202	129,280	166,547	247,416
Cost of services (exclusive of items shown separately below)	44,318	79,062	94,919	154,078
Depreciation, depletion, amortization and accretion	11,785	17,016	23,461	31,618
General and administrative expenses	20,997	30,927	46,124	61,476
Income from operations	2,102	2,275	2,043	244
Interest income (expense), net	856	424	1,799	841
Income (loss) from continuing operations before income taxes	2,958	2,699	3,842	1,085
Identifiable Assets	719,165		719,165		794,149
Production Services [Member]
Segment Reporting Information [Line Items]
Total revenues	80,543	208,669	177,289	460,048
Cost of services (exclusive of items shown separately below)	64,310	156,509	138,184	347,731
Depreciation, depletion, amortization and accretion	22,987	36,463	46,572	75,509
General and administrative expenses	16,415	35,799	38,668	79,105
Reduction in value of assets	223,883	751,577	226,061	751,577
Income from operations	(247,052)	(771,679)	(272,196)	(793,874)
Interest income (expense), net	(520)	(369)	(1,313)	(134)
Income (loss) from continuing operations before income taxes	(247,572)	(772,048)	(273,509)	(794,008)
Identifiable Assets	599,350		599,350		967,719
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Total revenues	115,893	226,459	248,365	577,543
Cost of services (exclusive of items shown separately below)	115,370	182,240	238,700	436,447
Depreciation, depletion, amortization and accretion	52,912	55,465	107,539	115,270
General and administrative expenses	20,076	32,785	45,126	71,049
Reduction in value of assets	188,741	40,263	188,741	40,263
Income from operations	(261,206)	(84,294)	(331,741)	(85,486)
Income (loss) from continuing operations before income taxes	(261,206)	(84,294)	(331,741)	(85,486)
Identifiable Assets	1,597,004		1,597,004		1,929,185
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Total revenues	80,633	146,376	177,203	343,012
Cost of services (exclusive of items shown separately below)	34,637	47,722	72,171	109,523
Depreciation, depletion, amortization and accretion	44,353	49,408	91,137	98,175
General and administrative expenses	25,259	30,150	53,806	68,993
Reduction in value of assets	47,659	15,797	47,659	15,797
Income from operations	(71,275)	3,299	(87,570)	50,524
Income (loss) from continuing operations before income taxes	(71,275)	3,299	(87,570)	50,524
Identifiable Assets	1,099,741		1,099,741		$ 1,223,191
Unallocated [Member]
Segment Reporting Information [Line Items]
Interest income (expense), net	(23,084)	(25,437)	(47,040)	(49,298)
Other Nonoperating Income (Expense)	10,681	(6,524)	18,436	(7,495)
Income (loss) from continuing operations before income taxes	$ (12,403)	$ (31,961)	$ (28,604)	$ (56,793)

Segment Information (Company's

Segment Information (Company's information by geographic area) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 356,271	$ 710,784	$ 769,404	$ 1,628,019
Long-lived assets	1,869,204		1,869,204		$ 2,123,291
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	261,384	541,337	564,960	1,301,780
Long-lived assets	1,506,127		1,506,127		1,799,418
Other Countries Member
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	94,887	$ 169,447	204,444	$ 326,239
Long-lived assets	$ 363,077		$ 363,077		$ 323,873

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation [Abstract]
Compensation expense	$ 21.3	$ 24.5

Income Taxes (Details)

Income Taxes (Details) $ in Millions	Jun. 30, 2016USD ($)
Income Taxes [Abstract]
Unrecorded tax benefits	$ 29.7

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Amount of notes receivable net	$ 115
Segment Conventional Decommissioning Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, plant and equipment, net, of discontinued operations		$ 26.6

Discontinued Operations (Compon

Discontinued Operations (Components of income (loss) from discontinued operations, net of tax) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement Additional Disclosures by Disposal Groups Including Discontinued Operations [Line Items]
Income tax expense (benefit)		$ (343)		$ (1,716)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ (2,225)	(9,857)	$ (4,492)	(19,497)
Segment, Discontinued Operations [Member]
Income Statement Additional Disclosures by Disposal Groups Including Discontinued Operations [Line Items]
Revenues		15,167		18,107
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ (2,225)	(9,857)	$ (4,492)	(19,497)
Segment Conventional Decommissioning Business [Member]
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		$ 600		$ 1,100

Discontinued Operations (Assets

Discontinued Operations (Assets and liabilities of disposal groups) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets of Disposal Group, Including Discontinued Operation, Current	$ 66,637	$ 95,234
Segment, Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets of Disposal Group, Including Discontinued Operation, Current	2,637	2,600
Property, plant and equipment, net, of discontinued operations	64,000	92,634
Disposal Group, Including Discontinued Operation, Assets, Total	66,637	95,234
Liabilities of Disposal Group, Including Discontinued Operation, Current	$ 2,730	$ 4,661

Related Party Disclosure (Detai

Related Party Disclosure (Details) - LINNENERGY[MEMBER] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Revenue from Related Parties	$ 2.6	$ 4.2
Accounts Receivable, Related Parties, Current	$ 0.9		$ 2