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REPORTABLE SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2012
REPORTABLE SEGMENTS  
Sales Information by Geographical Area

 

 

Three months ended

 

North
America
Contract
Operations

 

International
Contract
Operations

 

Aftermarket
Services

 

Fabrication

 

Reportable
Segments
Total

 

March 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

154,170

 

$

112,786

 

$

97,336

 

$

262,222

 

$

626,514

 

Gross margin(1)

 

78,131

 

68,897

 

17,199

 

26,620

 

190,847

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2011:

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

151,054

 

$

105,681

 

$

81,698

 

$

280,046

 

$

618,479

 

Gross margin(1)

 

70,545

 

64,715

 

9,160

 

40,755

 

185,175

 

 

 

(1)       Gross margin, a non-GAAP financial measure, is reconciled to net income (loss) below.

Reconciliation net income (loss) to gross margin

 

 

 

Three Months Ended
March 31,

 

 

 

2012

 

2011

 

Net income (loss)

 

$

7,287

 

$

(30,464

)

Selling, general and administrative

 

96,076

 

91,281

 

Depreciation and amortization

 

87,308

 

90,478

 

Long-lived asset impairment

 

4,332

 

 

Restructuring charges

 

3,047

 

 

Interest expense

 

37,991

 

37,170

 

Equity in income of non-consolidated affiliates

 

(37,339

)

 

Other (income) expense, net

 

(6,783

)

(414

)

Benefit from income taxes

 

(1,697

)

(5,014

)

Loss from discontinued operations, net of tax

 

625

 

2,138

 

Gross margin

 

$

190,847

 

$

185,175