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Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Completion and remedial services $ 121,807 $ 61,533 $ 219,314 $ 106,767
Fluid services 81,415 58,801 153,760 110,948
Well servicing 83,881 49,529 153,028 91,325
Contract drilling 9,752 5,269 16,807 9,058
Total revenues 296,855 175,132 542,909 318,098
Expenses:        
Completion and remedial services 68,827 37,660 123,760 67,383
Fluid services 51,688 43,425 99,916 84,365
Well servicing 57,409 36,734 105,849 68,834
Contract drilling 7,393 3,725 11,878 6,995
General and administrative, including stock-based compensation of $2,078 and $1,439 in three months ended June 30, 2011 and 2010, and $3,758 and $2,589 in the six months ended June 30, 2011 and 2010, respectively 34,138 26,820 65,479 51,897
Depreciation and amortization 34,784 34,250 67,764 67,348
(Gain) loss on disposal of assets 942 463 (763) 1,174
Total expenses 255,181 183,077 473,883 347,996
Operating income (loss) 41,674 (7,945) 69,026 (29,898)
Other income (expense):        
Interest expense (11,842) (11,778) (23,184) (23,442)
Interest income 23 24 28 50
Gain on bargain purchase   1,772   1,772
Loss on early extinguishment of debt     (49,366)  
Other income (expense) 102 111 259 192
Income (loss) from continuing operations before income taxes 29,957 (17,816) (3,237) (51,326)
Income tax benefit (expense) (13,407) 7,144 1,294 19,063
Net income (loss) $ 16,550 $ (10,672) $ (1,943) $ (32,263)
Earnings (loss) per share of common stock:        
Diluted $ 0.40 $ (0.27) $ (0.05) $ (0.81)
Basic $ 0.41 $ (0.27) $ (0.05) $ (0.81)