XML 20 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Revenue $ 271,842 $ 250,231
Cost of sales 201,744 182,944
Gross profit 70,098 67,287
Operating expenses    
Selling, general and administrative expenses 68,968 72,091
Transaction expenses 593 1,336
Contingent consideration benefit (4,629) 0
Loss (gain) on disposal of assets and other 20 (397)
Total operating expenses 64,952 73,030
Loss from equity investment (849) (963)
Operating income (loss) 4,297 (6,706)
Other expense (income)    
Interest expense 8,181 8,087
Foreign exchange and other losses, net 2,277 3,551
Gain on contribution of subsea rentals business 0 (33,506)
Total other (income) expense, net 10,458 (21,868)
Income (loss) before income taxes (6,161) 15,162
Income tax expense (benefit) 1,727 (12,904)
Net income (loss) $ (7,888) $ 28,066
Weighted average shares outstanding    
Basic (in shares) 109,643 108,423
Diluted (in shares) 109,643 110,857
Earnings (loss) per share    
Basic (in USD per share) $ (0.07) $ 0.26
Diluted (in USD per share) $ (0.07) $ 0.25
Other comprehensive income (loss), net of tax:    
Net income (loss) $ (7,888) $ 28,066
Change in foreign currency translation, net of tax of $0 4,834 6,287
Gain (loss) on pension liability (9) 16
Comprehensive income (loss) $ (3,063) $ 34,369