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Reportable Segments (Tables)
3 Months Ended
Mar. 31, 2014
Reportable Segments  
Revenue and other financial information by reportable segment

The following table presents revenue and other financial information by reportable segment during the three months ended March 31, 2014 and 2013 (in thousands):

 

Three months ended

 

North
America
Contract
Operations

 

International
Contract
Operations

 

Aftermarket
Services

 

Fabrication

 

Reportable
Segments
Total

 

March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

156,523

 

$

111,040

 

$

88,048

 

$

287,397

 

$

643,008

 

Gross margin(1)

 

85,442

 

70,008

 

20,227

 

57,809

 

233,486

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

Revenue from external customers

 

$

157,950

 

$

109,558

 

$

83,612

 

$

458,776

 

$

809,896

 

Gross margin(1)

 

86,840

 

63,359

 

18,166

 

56,377

 

224,742

 

 

(1)       Gross margin, a non-GAAP financial measure, is reconciled, in total, to net income (loss), its most directly comparable measure calculated and presented in accordance with GAAP, below.

 

Reconciliation of net income to gross margin

The following table reconciles net income to gross margin (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2014

 

2013

 

Net income

 

$

34,894

 

$

58,791

 

Selling, general and administrative

 

92,578

 

84,874

 

Depreciation and amortization

 

85,522

 

82,646

 

Long-lived asset impairment

 

3,807

 

3,563

 

Restructuring Charges

 

4,822

 

 

Interest expense

 

28,308

 

27,874

 

Equity in income of non-consolidated affiliates

 

(4,693

)

(4,665

)

Other (income) expense, net

 

(2,434

)

(9,808

)

Provision for income taxes

 

9,409

 

14,983

 

Income from discontinued operations, net of tax

 

(18,727

)

(33,516

)

Gross margin

 

$

233,486

 

$

224,742