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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | Summarized quarterly financial data for the years ended December 31, 2017 and 2016 is set forth below (in thousands, except per share data).
| First |  | Second |  | Third |  | Fourth |  |
| Quarter |  | Quarter |  | Quarter |  | Quarter |  | Total
2017 |  |  |  |  |  |  |  |  |
Revenue | $ | 110,731 |  |  | $ | 117,659 |  |  | $ | 108,083 |  |  | $ | 118,322 |  |  | $ | 454,795 |
Gross profit (1) | 8,827 |  |  | 11,811 |  |  | 9,411 |  |  | 7,141 |  |  | 37,190 |
Operating loss (2) | (36,610 | ) |  | (33,966 | ) |  | (35,080 | ) |  | (109,086 | ) |  | (214,742 | )
Net income (loss) attributable to Frank's International N.V. common shareholders (3) | (26,663 | ) |  | (25,950 | ) |  | 2,296 |  |  | (109,140 | ) |  | (159,457 | )
Income (loss) per common share: (4) |  |  |  |  |  |  |  |  |
Basic and diluted | $ | (0.12 | ) |  | $ | (0.12 | ) |  | $ | 0.01 |  |  | $ | (0.49 | ) |  | $ | (0.72 | )
2016 |  |  |  |  |  |  |  |  |
Revenue | $ | 153,486 |  |  | $ | 120,946 |  |  | $ | 105,114 |  |  | $ | 107,985 |  |  | $ | 487,531 |
Gross profit (1) | 41,945 |  |  | 10,168 |  |  | 6,919 |  |  | 5,717 |  |  | 64,749 |
Operating loss | (2,882 | ) |  | (50,678 | ) |  | (48,932 | ) |  | (60,870 | ) |  | (163,362 | )
Net loss | (2,408 | ) |  | (45,287 | ) |  | (42,198 | ) |  | (66,186 | ) |  | (156,079 | )
Net loss attributable to Frank's International N.V. common shareholders | (772 | ) |  | (31,398 | ) |  | (36,982 | ) |  | (66,186 | ) |  | (135,338 | )
Loss per common share: (4) |  |  |  |  |  |  |  |  |
Basic and diluted | $ | — |  |  | $ | (0.20 | ) |  | $ | (0.21 | ) |  | $ | (0.30 | ) |  | $ | (0.77 | )
(1) | Gross profit is defined as total revenue less cost of revenues less depreciation and amortization attributed to cost of revenues.
(2) | Fourth quarter includes inventory impairments of $51.2 million and accounts receivable write-offs of $15.0 million. Please see Note 19 – Severance and Other Charges in these Notes to Consolidated Financial Statements.
(3) | Third quarter includes the impact of the derecognition of the TRA liability. Please see Note 13 – Related Party Transactions in these Notes to Consolidated Financial Statements.
(4) | The sum of the individual quarterly income (losses) per share amounts may not agree with year-to-date net income (loss) per common share as each quarterly computation is based on the weighted average number of common shares outstanding during that period.
Reclassifications to Previously Reported Amounts | The following is a summary of reclassifications to previously reported amounts (in thousands):
|  | Year Ended December 31, 2016 |  | Year Ended December 31, 2015
|  | As previously reported |  | Reclassifications |  | As currently reported |  | As previously reported |  | Reclassifications |  | As currently reported
Consolidated Statements of Operations |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues, exclusive of depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
Services |  | $ | 201,316 |  |  | $ | 45,336 |  |  | $ | 246,652 |  |  | $ | 304,473 |  |  | $ | 80,369 |  |  | $ | 384,842 |
Products |  | 59,037 |  |  | 11,579 |  |  | 70,616 |  |  | 113,918 |  |  | 15,830 |  |  | 129,748 |
General and administrative expenses |  | 228,802 |  |  | (56,915 | ) |  | 171,887 |  |  | 270,678 |  |  | (96,199 | ) |  | 174,479 |
The 2017 quarterly revisions will be effected in connection with the 2018 unaudited interim financial statements filings on Form 10-Q.
| Three Months Ended |  | Six Months Ended |  | Nine Months Ended
| March 31, 2017 |  | June 30, 2017 |  | September 30, 2017 |  | June 30, 2017 |  | September 30, 2017
Cost of revenues, exclusive of depreciation and amortization |  |  |  |  |  |  |  |  |
Services, as previously reported | $ | 57,107 |  |  | $ | 60,777 |  |  | $ | 60,981 |  |  | $ | 117,884 |  |  | $ | 178,865 |
Blackhawk adjustment | (5,424 | ) |  | (5,460 | ) |  | (5,480 | ) |  | (10,884 | ) |  | (16,364 | )
Services, as revised | 51,683 |  |  | 55,317 |  |  | 55,501 |  |  | 107,000 |  |  | 162,501 |
Products, as previously reported | $ | 16,845 |  |  | $ | 17,567 |  |  | $ | 10,750 |  |  | $ | 34,412 |  |  | $ | 45,162 |
Blackhawk adjustment | 5,424 |  |  | 5,460 |  |  | 5,480 |  |  | 10,884 |  |  | 16,364 |
Products, as revised | 22,269 |  |  | 23,027 |  |  | 16,230 |  |  | 45,296 |  |  | 61,526 |

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