XML 97 R88.htm IDEA: XBRL DOCUMENT v3.19.1
Quarterly Results of Operations (Unaudited) (Details) - USD ($)
$ / shares in Units, shares in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Segment Reporting Information [Line Items]                      
Revenues $ 272,948,000 $ 267,037,000 $ 274,003,000 $ 250,231,000 $ 247,700,000 $ 198,709,000 $ 201,115,000 $ 171,096,000 $ 1,064,219,000 $ 818,620,000 $ 587,635,000
Cost of sales 231,073,000 192,496,000 201,334,000 182,944,000 194,705,000 151,150,000 151,860,000 132,117,000 807,847,000 629,832,000 487,900,000
Gross profit 41,875,000 74,541,000 72,669,000 67,287,000 52,995,000 47,559,000 49,255,000 38,979,000 256,372,000 188,788,000 99,735,000
Total operating expenses 422,995,000 72,764,000 84,721,000 73,030,000 73,709,000 64,839,000 131,779,000 61,056,000 653,510,000 331,383,000 230,511,000
Earnings from equity investment 94,000 659,000 350,000 (963,000) (6,391,000) 3,361,000 2,568,000 1,462,000 140,000 1,000,000 1,824,000
Operating loss (381,026,000) 2,436,000 (11,702,000) (6,706,000) (27,105,000) (13,919,000) (79,956,000) (20,615,000) (396,998,000) (141,595,000) (128,952,000)
Total other expense (income), net 6,025,000 6,598,000 2,001,000 (21,868,000) (112,155,000) 8,726,000 8,987,000 8,126,000 (7,244,000) (86,316,000) 9,047,000
Loss before income taxes (387,051,000) (4,162,000) (13,703,000) 15,162,000 85,050,000 (22,645,000) (88,943,000) (28,741,000) (389,754,000) (55,279,000) (137,999,000)
Income tax expense (benefit) (3,308,000) (1,108,000) 1,646,000 (12,904,000) 35,981,000 (7,817,000) (11,070,000) (12,973,000) (15,674,000) 4,121,000 (56,051,000)
Net loss $ (383,743,000) $ (3,054,000) $ (15,349,000) $ 28,066,000 $ 49,069,000 $ (14,828,000) $ (77,873,000) $ (15,768,000) $ (374,080,000) $ (59,400,000) $ (81,948,000)
Weighted average shares outstanding                      
Basic (in shares) 109,082 108,856 108,714 108,423 105,947 96,275 96,170 95,860 108,771 98,689 91,226
Diluted (in shares) 109,082 108,856 108,714 110,857 108,581 96,275 96,170 95,860 108,771 98,689 91,226
Loss per share                      
Basic (in dollars per share) $ (3.52) $ (0.03) $ (0.14) $ 0.26 $ 0.46 $ (0.15) $ (0.81) $ (0.16) $ (3.44) $ (0.60) $ (0.90)
Diluted (in dollars per share) $ (3.52) $ (0.03) $ (0.14) $ 0.25 $ 0.45 $ (0.15) $ (0.81) $ (0.16) $ (3.44) $ (0.60) $ (0.90)
Impairment of intangible assets $ 50,200,000   $ 14,500,000           $ 64,700,000 $ 1,100,000 $ 0
Goodwill impairment $ 298,800,000               298,789,000 68,004,000 0
Gain on contribution of subsea rentals business       $ 33,500,000         33,506,000 0 0
Gain realized on previously held equity investment         $ (120,400,000)       $ 0 $ (120,392,000) $ 0
Subsea Technologies                      
Loss per share                      
Goodwill impairment             $ 68,000,000