Note 7 - Discontinued Operations

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

7.   Discontinued Operations

On May 30, 2014, we completed the Spin-Off of our accommodations business, Civeo Corporation, to the Company’s stockholders. On May 30, 2014, the stockholders of record of Oil States common stock as of the close of business on May 21, 2014 (the Record Date) received two shares of Civeo common stock for each share of Oil States common stock held as of the Record Date. Following the Spin-Off, Oil States ceased to own any shares of Civeo common stock.

The following table provides the components of net income from discontinued operations, net of tax for each operating segment (in thousands). The $128.4 million ($84.0 million after-tax) net gain related to the disposal of Sooner in 2013 was excluded.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Continued)

	2015			2014			2013
Revenues
Accommodations	$	--		$	404,207		$	1,041,104
Tubular services	$	--		$	--		$	1,073,096
Income from Accommodations discontinued operations:
Income from discontinued operations before income taxes	$	327		$	62,504		$	230,778
Income tax expense		(118	)		(11,004	)		(44,925	)
Net income from discontinued operations, net of tax	$	209		$	51,500		$	185,853
Income from Tubular services discontinued operations:
Income from discontinued operations before income taxes	$	27		$	321		$	40,964
Income tax expense		(10	)		(45	)		(18,643	)
Net income from discontinued operations, net of tax	$	17		$	276		$	22,321