XML 32 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2013
Basis of Presentation and Summary of Significant Accounting Policies |
Summary of net income (loss) attributable to Exterran stockholders | The following table summarizes net income (loss) attributable to Exterran stockholders (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Income (loss) from continuing operations attributable to Exterran stockholders |  | $ | 23,466 |  | $ | 2,450 |  | $ | 51,331 |  | $ | (100,610 | )
Income from discontinued operations, net of tax |  | 17,511 |  | 110,916 |  | 49,186 |  | 66,863 |
Net income (loss) attributable to Exterran stockholders |  | $ | 40,977 |  | $ | 113,366 |  | $ | 100,517 |  | $ | (33,747 | )
Schedule of potential shares of common stock that were included in computing diluted income (loss) attributable to Exterran stockholders per common share | The following table shows the potential shares of common stock that were included in computing diluted income (loss) attributable to Exterran stockholders per common share (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Weighted average common shares outstanding — used in basic income (loss) per common share |  | 65,780 |  | 64,847 |  | 66,218 |  | 63,384 |
Net dilutive potential common shares issuable: |  |  |  |  |  |  |  |  |
On exercise of options and vesting of restricted stock and restricted stock units |  | 565 |  | 239 |  | 537 |  | ** |
On settlement of employee stock purchase plan shares |  | 2 |  | 8 |  | 2 |  | ** |
On exercise of warrants |  | ** |  | ** |  | ** |  | ** |
On conversion of 4.25% convertible senior notes due 2014 |  | ** |  | ** |  | ** |  | ** |
On conversion of 4.75% convertible senior notes due 2014 |  | ** |  | ** |  | ** |  | ** |
Weighted average common shares outstanding — used in diluted income (loss) per common share |  | 66,347 |  | 65,094 |  | 66,757 |  | 63,384 |
** Excluded from diluted income (loss) per common share as their inclusion would have been anti-dilutive.
Schedule of potential shares of common stock issuable, excluded from computation of diluted income (loss), attributable to Exterran stockholders per common share | The following table shows the potential shares of common stock issuable that were excluded from computing diluted income (loss) attributable to Exterran stockholders per common share as their inclusion would have been anti-dilutive (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Net dilutive potential common shares issuable: |  |  |  |  |  |  |  |  |
On exercise of options where exercise price is greater than average market value for the period |  | 681 |  | 1,345 |  | 783 |  | 2,042 |
On exercise of options and vesting of restricted stock and restricted stock units |  | — |  | — |  | — |  | 1,426 |
On settlement of employee stock purchase plan shares |  | — |  | — |  | — |  | 11 |
On exercise of warrants |  | 12,426 |  | 12,426 |  | 12,426 |  | 12,426 |
On conversion of 4.25% convertible senior notes due 2014 |  | 15,334 |  | 15,334 |  | 15,334 |  | 15,334 |
On conversion of 4.75% convertible senior notes due 2014 |  | — |  | 3,114 |  | 160 |  | 3,114 |
Net dilutive potential common shares issuable |  | 28,441 |  | 32,219 |  | 28,703 |  | 34,353 |
Schedule of changes in accumulated other comprehensive income (loss) by component, net of tax, excluding noncontrolling interest |
|  | Derivatives - |  | Foreign Currency |  |  |
|  | Cash Flow Hedges |  | Translation Adjustment |  | Total |
Accumulated other comprehensive income (loss), December 31, 2012 |  | $ | (2,984 | ) | $ | 26,893 |  | $ | 23,909 |
Loss recognized in other comprehensive income (loss), net of tax |  | (633 | )(1) | (3,640 | )(3) | (4,273 | )
Loss reclassified from accumulated other comprehensive income (loss), net of tax |  | 1,643 | (2) | 7,491 | (4) | 9,134 |
Other comprehensive income attributable to Exterran stockholders |  | 1,010 |  | 3,851 |  | 4,861 |
Accumulated other comprehensive income (loss), September 30, 2013 |  | $ | (1,974 | ) | $ | 30,744 |  | $ | 28,770 |
(1) During each of the three and nine month periods ended September 30, 2013, we recognized a loss of $0.6 million in other comprehensive income (loss), net of tax, related to changes in the fair value of derivative financial instruments. (2) During the three months ended September 30, 2013, we reclassified a $0.8 million loss, net of a tax benefit of $0.3 million, to interest expense and provision for (benefit from) income taxes, respectively, in our condensed consolidated statements of operations from accumulated other comprehensive income (loss). During the nine months ended September 30, 2013, we reclassified a $2.5 million loss, net of a tax benefit of $0.9 million, to interest expense and provision for (benefit from) income taxes, respectively, in our condensed consolidated statements of operations from accumulated other comprehensive income (loss). (3) During the three and nine months ended September 30, 2013, we recognized a gain of $2.5 million and a loss of $3.6 million, respectively, in other comprehensive income (loss), net of tax, related to changes in foreign currency translation adjustment. (4) During the three months ended September 30, 2013, we reclassified a loss of $5.1 million related to foreign currency translation adjustment to income from discontinued operations, net of tax, in our condensed consolidated statement of operations. During the nine months ended September 30, 2013, we reclassified losses of $5.1 million and $2.4 million related to foreign currency translation adjustments to income from discontinued operations, net of tax, and long-lived asset impairment, respectively, in our condensed consolidated statements of operations. These amounts represent cumulative foreign currency translation adjustments associated with our contract operations and aftermarket services businesses in Canada (“Canadian Operations”) and a United Kingdom entity that previously had been recognized in accumulated other comprehensive income (loss). See Note 2 for further discussion of the sale of our Canadian Operations. Additionally, as discussed in Note 9, we sold the entity that owned our fabrication facility in the United Kingdom in July 2013 and, we recognized an impairment during the nine months ended September 30, 2013 based on the net transaction value set forth in our agreement to sell this entity.
|  | Derivatives - |  | Foreign Currency |  |  |
|  | Cash Flow Hedges |  | Translation Adjustment |  | Total |
Accumulated other comprehensive income (loss), December 31, 2011 |  | $ | (17,072 | ) | $ | 23,131 |  | $ | 6,059 |
Income (loss) recognized in other comprehensive income (loss), net of tax |  | (833 | )(1) | 921 | (3) | 88 |
Loss reclassified from accumulated other comprehensive income (loss), net of tax |  | 14,438 | (2) | — |  | 14,438 |
Other comprehensive income attributable to Exterran stockholders |  | 13,605 |  | 921 |  | 14,526 |
Accumulated other comprehensive income (loss), September 30, 2012 |  | $ | (3,467 | ) | $ | 24,052 |  | $ | 20,585 |
(1) During the three and nine months ended September 30, 2012, we recognized a loss of $0.2 million and $0.8 million, respectively, in other comprehensive income (loss), net of tax, related to changes in the fair value of derivative financial instruments. (2) During the three months ended September 30, 2012, we reclassified a $4.3 million loss, net of a tax benefit of $1.5 million, to interest expense and provision for (benefit from) income taxes, respectively, in our condensed consolidated statements of operations from accumulated other comprehensive income (loss). During the nine months ended September 30, 2012, we reclassified a $22.2 million loss, net of a tax benefit of $7.8 million, to interest expense and provision for (benefit from) income taxes, respectively, in our condensed consolidated statements of operations from accumulated other comprehensive income (loss). (3) During the three and nine months ended September 30, 2012, we recognized a gain of $5.7 million and $0.9 million, respectively, in other comprehensive income (loss), net of tax, related to changes in foreign currency translation adjustment.
Summary of carrying amount and fair value of debt | The following table summarizes the carrying amount and fair value of our debt as of September 30, 2013 and December 31, 2012 (in thousands):
|  | September 30, 2013 |  | December 31, 2012 |
|  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value |
Fixed rate debt |  | $ | 1,032,808 |  | $ | 1,064,000 |  | $ | 814,423 |  | $ | 857,000 |
Floating rate debt |  | 531,500 |  | 531,000 |  | 750,500 |  | 761,000 |
Total debt |  | $ | 1,564,308 |  | $ | 1,595,000 |  | $ | 1,564,923 |  | $ | 1,618,000 |

X
- Definition Tabular disclosure of the calculation of the numerator in the earnings per share calculation. + References No definition available. + Details
Name: | exh_ScheduleOfCalculationOfNumeratorInEarningsPerShareTableTextBlock
Namespace Prefix: | exh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration