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Business segments
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Business segments
Business segments
Beginning with the first quarter of 2016, the Company realigned its segments. Completions was designated as a separate segment in recognition of the expansion in these operations and its significant growth potential. The Company is reporting its results of operations in the following three operating segments, which are our reportable segments: Drilling & Subsea, Completions and Production & Infrastructure, instead of the original two operating segments. Management’s change in the composition of the Company’s reporting segments was made in order to align with activity drivers and the customers of our product group and to better correspond to the manner in which management will review and evaluate operating performance. This change will be reflected on a retrospective basis in accordance with generally accepted accounting principles, with prior years adjusted to reflect the change in reporting segments. The amounts indicated below as "Corporate" relate to costs and assets not allocated to the reportable operating segments. Summary financial data by segment follows (in thousands):
 
Three months ended March 31,
 
2016
 
2015
Revenue:
 
 
 
Drilling & Subsea
$
65,295

 
$
163,553

Completions
34,304

 
94,496

Production & Infrastructure
60,511

 
90,523

Intersegment eliminations
(669
)
 
(476
)
Total Revenue
$
159,441

 
$
348,096

 
 
 
 
Operating income (loss):
 
 
 
Drilling & Subsea
$
(9,823
)
 
$
19,839

Completions
(6,458
)
 
20,569

Production & Infrastructure
(1,371
)
 
7,990

Corporate
(7,227
)
 
(8,261
)
Total segment operating income (loss)
(24,879
)
 
40,137

Transaction expenses
166

 
217

Loss (gain) on sale of assets and other
(32
)
 
(312
)
Income (loss) from operations
$
(25,013
)
 
$
40,232

A summary of consolidated assets by reportable segment is as follows (in thousands):
 
 
March 31,
2016
 
December 31,
2015
Assets
 
 
 
 
Drilling & Subsea
 
$
885,418

 
$
912,324

Completions
 
728,531

 
728,745

Production & Infrastructure
 
188,211

 
187,741

Corporate
 
52,409

 
57,232

Total assets
 
$
1,854,569

 
$
1,886,042


Corporate assets include, among other items, prepaid assets, cash and deferred financing costs.