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Business Segment Information | 6 Months Ended
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Jun. 30, 2017
Segment Reporting [Abstract] |
Business Segment Information | Business Segment Information We have three reportable business segments: Well Intervention, Robotics and Production Facilities. Our U.S., U.K. and Brazil well intervention operating segments are aggregated into the Well Intervention business segment for financial reporting purposes. Our Well Intervention segment includes our vessels and equipment used to perform well intervention services primarily in the U.S. Gulf of Mexico, North Sea and Brazil. Our Well Intervention segment also includes IRSs, some of which we rent out on a stand-alone basis, and SILs. Our well intervention vessels include the Q4000, the Q5000, the Seawell, the Well Enhancer and the chartered Siem Helix 1 and Siem Helix 2 vessels. The Siem Helix 1 commenced its operations for Petrobras in mid-April 2017. Our Robotics segment includes ROVs, trenchers and ROVDrills designed to complement offshore construction and well intervention services, and currently operates four chartered ROV support vessels, including the Grand Canyon III that went into service for us in May 2017. Our Production Facilities segment includes the HP I, the HFRS and our investment in Independence Hub that is accounted for under the equity method, and previously included our former ownership interest in Deepwater Gateway that we sold in February 2016 (Note 5). All material intercompany transactions between the segments have been eliminated. We evaluate our performance primarily based on operating income of each reportable segment. Certain financial data by reportable segment are summarized as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Net revenues — |  |  |  |  |  |  |
Well Intervention | $ | 113,076 |  |  | $ | 59,919 |  |  | $ | 187,697 |  |  | $ | 105,975 |
Robotics | 33,061 |  |  | 38,914 |  |  | 55,029 |  |  | 70,908 |
Production Facilities | 15,210 |  |  | 18,957 |  |  | 31,585 |  |  | 37,439 |
Intercompany elimination | (11,018 | ) |  | (10,523 | ) |  | (19,454 | ) |  | (16,016 | )
Total | $ | 150,329 |  |  | $ | 107,267 |  |  | $ | 254,857 |  |  | $ | 198,306 |
Income (loss) from operations — |  |  |  |  |  |  |
Well Intervention | $ | 19,032 |  |  | $ | (538 | ) |  | $ | 20,450 |  |  | $ | (17,226 | )
Robotics | (11,642 | ) |  | (8,823 | ) |  | (27,948 | ) |  | (21,573 | )
Production Facilities | 6,140 |  |  | 9,730 |  |  | 13,064 |  |  | 16,913 |
Corporate and other | (8,701 | ) |  | (9,827 | ) |  | (18,663 | ) |  | (18,496 | )
Intercompany elimination | 221 |  |  | 163 |  |  | 442 |  |  | 331 |
Total | $ | 5,050 |  |  | $ | (9,295 | ) |  | $ | (12,655 | ) |  | $ | (40,051 | )
Intercompany segment amounts are derived primarily from equipment and services provided to other business segments at rates consistent with those charged to third parties. Intercompany segment revenues are as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Well Intervention | $ | 2,895 |  |  | $ | 2,201 |  |  | $ | 4,268 |  |  | $ | 2,842 |
Robotics | 8,123 |  |  | 8,322 |  |  | 15,186 |  |  | 13,174 |
Total | $ | 11,018 |  |  | $ | 10,523 |  |  | $ | 19,454 |  |  | $ | 16,016 |
Segment assets are comprised of all assets attributable to each reportable segment. Corporate and other includes all assets not directly identifiable with our business segments, most notably the majority of our cash and cash equivalents. The following table reflects total assets by reportable segment (in thousands):
| June 30, 2017 |  | December 31, 2016
Well Intervention | $ | 1,719,971 |  |  | $ | 1,596,517 |
Robotics | 168,734 |  |  | 186,901 |
Production Facilities | 151,298 |  |  | 158,192 |
Corporate and other | 321,559 |  |  | 305,331 |
Total | $ | 2,361,562 |  |  | $ | 2,246,941 |

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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