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Business Segment Information | 12 Months Ended
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Dec. 31, 2012
Business Segment Information [Abstract] |
Business Segment Information | Note 14 — Business Segment Information In 2012, o ur operations we re conducted through the following lines of business: contracting services and oil and gas. We have disaggregated our contracting services operations into two reportable segments which consist of Contracting Services and Production Facilities. Our Contracting Services segment include s well intervention, robotics and subsea construction operations (see Note 2 for disclosures regarding the planned dispositions of our subsea construction vessels and related assets). The Production Facilities segment includes our consolidated investment in the HP I and Kommandor LLC as well as our equity investments in Deepwater Gateway and Independence Hub that are accounted for under the equity method of accounting. All material intercompany transactions between the segments have been eliminated. In December 2012, we announced a definitive agreement for the sale of ERT. In February 2013, we sold ERT. As a result, we have presented the assets and liabilities included in the sale of ERT and the historical operating results of our former Oil and Gas segment as discontinued operations in the accompanying consolidated financial statements. See Note 3 for additional information regarding our discontinued operations. We evaluate our performance based on operating income and income before income taxes of each segment. Segment assets are comprised of all assets attributable to the reportable segment. Certain financial data by reportable segment are summarized as follows (in thousands):
|  | Year Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
Revenues — |  |  |  |  |  |  |
Contracting Services | $ | 899,793 | $ | 738,235 | $ | 780,339 |
Production Facilities |  | 80,091 |  | 75,460 |  | 117,300 |
Intercompany elimination |  | (133,775) |  | (111,695) |  | (123,170) |
Total | $ | 846,109 | $ | 702,000 | $ | 774,469 |
Income (loss) from operations — |  |  |  |  |  |  |
Contracting Services | $ | (7,702) | $ | 107,013 | $ | 77,391 |
Production Facilities |  | 40,082 |  | 38,404 |  | 63,863 |
Corporate |  | (92,985) |  | (82,470) |  | (71,080) |
Intercompany elimination |  | (7,878) |  | 93 |  | (19,095) |
Total | $ | (68,483) | $ | 63,040 | $ | 51,079 |
Net interest expense and other — |  |  |  |  |  |  |
Contracting Services | $ | 702 | $ | 765 | $ | 1,299 |
Production Facilities |  | 365 |  | 442 |  | 865 |
Corporate and eliminations |  | 64,845 |  | 72,435 |  | 64,474 |
Total | $ | 65,912 | $ | 73,642 | $ | 66,638 |
Equity in earnings of equity investments | $ | 8,434 | $ | 22,215 | $ | 19,469 |
Income (loss) before income taxes — |  |  |  |  |  |  |
Contracting Services | $ | (8,529) | $ | 97,798 | $ | 72,459 |
Production Facilities |  | 48,276 |  | 58,064 |  | 86,100 |
Corporate and eliminations |  | (165,708) |  | (154,812) |  | (156,889) |
Total | $ | (125,961) | $ | 1,050 | $ | 1,670 |
Income tax provision (benefit) — |  |  |  |  |  |  |
Contracting Services | $ | (15,707) | $ | 29,235 | $ | 42,828 |
Production Facilities |  | 15,784 |  | 19,233 |  | 29,049 |
Corporate and eliminations |  | (59,235) |  | (85,274) |  | (52,711) |
Total | $ | (59,158) | $ | (36,806) | $ | 19,166 |
Identifiable assets — |  |  |  |  |  |  |
Contracting Services | $ | 1,982,822 | $ | 2,023,251 | $ | 1,872,141 |
Production Facilities |  | 503,531 |  | 534,776 |  | 512,990 |
Discontinued operations |  | 900,227 |  | 1,024,320 |  | 1,206,889 |
Total | $ | 3,386,580 | $ | 3,582,347 | $ | 3,592,020 |
Capital expenditures — |  |  |  |  |  |  |
Contracting Services | $ | 322,216 | $ | 69,259 | $ | 65,949 |
Production Facilities |  | 823 |  | 30,896 |  | 56,269 |
Total | $ | 323,039 | $ | 100,155 | $ | 122,218 |
Depreciation and amortization — |  |  |  |  |  |  |
Contracting Services | $ | 77,442 | $ | 73,291 | $ | 66,333 |
Production Facilities |  | 16,828 |  | 14,935 |  | 9,907 |
Corporate and eliminations |  | 2,931 |  | 2,962 |  | 5,638 |
Total | $ | 97,201 | $ | 91,188 | $ | 81,878 |
Intercompany segment revenues during the year s ended December 31, 2012, 2011 and 2010 a re as follows (in thousands):
|  | Year Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
Contracting Services | $ | 87,718 | $ | 65,638 | $ | 109,012 |
Production Facilities |  | 46,057 |  | 46,057 |  | 14,158 |
Total | $ | 133,775 | $ | 111,695 | $ | 123,170 |
Intercompany segment profits (losses) (which only relate to intercompany capital projects) during the year s ended December 31, 2012, 2011 and 2010 a re as follows (in thousands):
|  | Year Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
Contracting Services | $ | 8,053 | $ | 104 | $ | 15,655 |
Production Facilities |  | (175) |  | (197) |  | 3,457 |
Total | $ | 7,878 | $ | (93) | $ | 19,112 |
Revenue associated with our continuing operations by individually significant country during the year s ended December 31, 2012, 2011 and 2010 is as follows (in thousands):
|  | Year Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
United States | $ | 281,308 | $ | 316,869 | $ | 402,228 |
United Kingdom |  | 345,074 |  | 275,499 |  | 198,011 |
Other |  | 219,727 |  | 109,632 |  | 174,230 |
Total | $ | 846,109 | $ | 702,000 | $ | 774,469 |
We include the property and equipment, net in the country in which it is legally owned. The following table provides our property and equipment, net of accumulated depreciation, associated with our continuing operations by individually significant country (in thousands):
|  | Year Ended December 31, |
|  | 2012 |  | 2011 |  | 2010 |
United States | $ | 1,180,586 | $ | 1,163,320 | $ | 1,162,217 |
United Kingdom |  | 304,062 |  | 281,430 |  | 275,012 |
Other |  | 1,227 |  | 14,919 |  | 15,613 |
Total | $ | 1,485,875 | $ | 1,459,669 | $ | 1,452,842 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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