XML 68 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 30, 2014
Earnings Per Share [Abstract] |
Earnings Per Share | Note 9 — Earnings Per Share We have shares of restricted stock issued and outstanding, which currently are unvested. Holders of such shares of unvested restricted stock are entitled to the same liquidation and dividend rights as the holders of our outstanding unrestricted common stock and the shares are thus considered participating securities. Under applicable accounting guidance, the undistributed earnings for each period are allocated based on the participation rights of both the common shareholders and holders of any participating securities as if earnings for the respective periods had been distributed. Because both the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis. Further, we are required to compute earnings per share (“EPS”) amounts under the two class method in periods in which we have earnings from continuing operations. For periods in which we have a net loss, we do not use the two class method as holders of our restricted shares are not contractually obligated to share in such losses. The presentation of basic EPS amounts on the face of the accompanying condensed consolidated statements of operations is computed by dividing the net income applicable to Helix common shareholders by the weighted average shares of outstanding common stock. The calculation of diluted EPS is similar to basic EPS, except that the denominator includes dilutive common stock equivalents and the income included in the numerator excludes the effects of the impact of dilutive common stock equivalents, if any. The c omputations of the numerator (income) and denominator (s hares) to derive the basic and diluted EPS amounts presented on the face of the accompanying condensed consolidated statements of operations are as follows (in thousands):
|  | Three Months Ended |  | Three Months Ended |
|  | September 30, 2014 |  | September 30, 2013 |
|  | Income |  | Shares |  | Income |  | Shares |
Basic: |  |  |  |  |  |  |  |  |
Continuing operations: |  |  |  |  |  |  |  |  |
Net income applicable to Helix | $ | 75,586 |  |  | $ | 44,593 |  |  |
Less: Income from discontinued operations, net of tax |  | - |  |  |  | (44) |  |  |
Net income from continuing operations |  | 75,586 |  |  |  | 44,549 |  |  |
Less: Undistributed income allocable to participating securities – continuing operations |  | (392) |  |  |  | (337) |  |  |
Net income applicable to common shareholders – continuing operations | $ | 75,194 |  | 104,997 | $ | 44,212 |  | 105,029 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations, net of tax | $ | - |  | 104,997 | $ | 44 |  | 105,029 |
|  | Three Months Ended |  | Three Months Ended |
|  | September 30, 2014 |  | September 30, 2013 |
|  | Income |  | Shares |  | Income |  | Shares |
Diluted: |  |  |  |  |  |  |  |  |
Continuing operations: |  |  |  |  |  |  |  |  |
Net income applicable to common shareholders – continuing operations | $ | 75,194 |  | 104,997 | $ | 44,212 |  | 105,029 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Share-based awards other than participating securities |  | - |  | 341 |  | - |  | 107 |
Undistributed income reallocated to participating securities |  | 1 |  | - |  | - |  | - |
Net income applicable to common shareholders – continuing operations | $ | 75,195 |  | 105,338 | $ | 44,212 |  | 105,136 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations, net of tax | $ | - |  | 105,338 | $ | 44 |  | 105,136 |
|  | Nine Months Ended |  | Nine Months Ended |
|  | September 30, 2014 |  | September 30, 2013 |
|  | Income |  | Shares |  | Income |  | Shares |
Basic: |  |  |  |  |  |  |  |  |
Continuing operations: |  |  |  |  |  |  |  |  |
Net income applicable to Helix | $ | 187,087 |  |  | $ | 73,419 |  |  |
Less: Income from discontinued operations, net of tax |  | - |  |  |  | (1,073) |  |  |
Net income from continuing operations |  | 187,087 |  |  |  | 72,346 |  |  |
Less: Undistributed income allocable to participating securities – continuing operations |  | (980) |  |  |  | (525) |  |  |
Net income applicable to common shareholders – continuing operations | $ | 186,107 |  | 105,038 | $ | 71,821 |  | 105,036 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations, net of tax | $ | - |  |  | $ | 1,073 |  |  |
Less: Undistributed income allocable to participating securities – discontinued operations |  | - |  |  |  | (8) |  |  |
Net income applicable to common shareholders – discontinued operations | $ | - |  | 105,038 | $ | 1,065 |  | 105,036 |
|  | Nine Months Ended |  | Nine Months Ended |
|  | September 30, 2014 |  | September 30, 2013 |
|  | Income |  | Shares |  | Income |  | Shares |
Diluted: |  |  |  |  |  |  |  |  |
Continuing operations: |  |  |  |  |  |  |  |  |
Net income applicable to common shareholders – continuing operations | $ | 186,107 |  | 105,038 | $ | 71,821 |  | 105,036 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Share-based awards other than participating securities |  | - |  | 336 |  | - |  | 116 |
Undistributed income reallocated to participating securities |  | 3 |  | - |  | - |  | - |
Net income applicable to common shareholders – continuing operations | $ | 186,110 |  | 105,374 | $ | 71,821 |  | 105,152 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations, net of tax | $ | - |  | 105,374 | $ | 1,073 |  | 105,152 |
No diluted shares were included for the 2032 Notes for the three- and nine-month periods ended September 30, 2014 and 201 3 as the conversion trigger of $32.53 per share w ere not met in either period, and because we have the right to settle any such future conversions in cash at our sole discretion (Note 6).

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

X
- Definition The entire disclosure for earnings per share. + 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 (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration