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BUSINESS SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2012
Segment Reporting  
BUSINESS SEGMENT INFORMATION
6.     BUSINESS SEGMENT INFORMATION
 
RPC’s service lines have been aggregated into two reportable oil and gas services segments, Technical Services and Support Services, because of the similarities between the financial performance and approach to managing the service lines within each of the segments, as well as the economic and business conditions impacting their business activity levels.  Corporate includes selected administrative costs incurred by the Company that are not allocated to business units.  Gains or losses on disposition of assets are reviewed by the Company’s chief decision maker on a consolidated basis, and accordingly the Company does not report gains or losses at the segment level.
 
Technical Services include RPC’s oil and gas service lines that utilize people and equipment to perform value-added completion, production and maintenance services directly to a customer’s well. These services include pressure pumping services, snubbing, coiled tubing, nitrogen pumping, well control consulting and firefighting, downhole tools, wireline, and fluid pumping services.  These Technical Services are primarily used in the completion, production and maintenance of oil and gas wells. The principal markets for this segment include the United States, including the Gulf of Mexico, the mid-continent, southwest, Rocky Mountain and Appalachian regions, and international locations including primarily Africa, Canada, China, Latin America, the Middle East and New Zealand. Customers include major multi-national and independent oil and gas producers, and selected nationally-owned oil companies.
 
Support Services include RPC’s oil and gas service lines that primarily provide equipment for customer use or services to assist customer operations. The equipment and services include drill pipe and related tools, pipe handling, inspection and storage services and oilfield training services. The demand for these services tends to be influenced primarily by customer drilling-related activity levels. The principal markets for this segment include the United States, including the Gulf of Mexico and the mid-continent regions, and selected international locations. Customers include domestic operations of major multi-national and independent oil and gas producers, and selected nationally-owned oil companies.
 
Inter-segment revenues are generally recorded in segment operating results at prices that management believes approximate prices for arm’s length transactions and are not material to operating results.
 
Certain information with respect to RPC’s business segments is set forth in the following tables:
 
 
   
Three months ended
June 30,
    
Six months ended
June 30,
  
   
2012
    
2011
    
2012
    
2011
  
(in thousands)
                        
Revenues
                        
Technical Services
   $ 461,643     $ 406,736     $ 923,164     $ 756,138  
Support Services
     38,463       36,293       79,499       68,652  
Total revenues
   $ 500,106     $ 443,029     $ 1,002,663     $ 824,790  
Operating profit:
                                
Technical Services
   $ 112,371     $ 109,509     $ 235,902     $ 209,425  
Support Services
     12,543       13,154       26,528       23,089  
Corporate
     (3,152 )     (3,474 )     (8,407 )     (8,410 )
(Loss) gain on disposition of assets, net
     (1,904 )     78       (3,308 )     1,489  
Total operating profit
   $ 119,858     $ 119,267     $ 250,715     $ 225,593  
Interest expense
     (650 )     (998 )     (1,246 )     (2,077 )
Interest income
     4       3       9       7  
Other income, net
     (880 )     (10 )     40       324  
Income before income taxes
   $ 118,332     $ 118,262     $ 249,518     $ 223,847  
 
Six months ended June 30, 2012
  
Technical
Services
    
Support
Services
    
Corporate
    
Total
  
 (in thousands)
                        
 Identifiable assets at June 30, 2012
   $ 1,138,612     $ 194,979     $ 50,050     $ 1,383,641  
 Capital expenditures
     168,976       32,620       2,606       204,202  
 Depreciation and amortization
   $ 90,154     $ 15,189     $ 177     $ 105,520