XML 82 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Reconciliation of Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization from Segments to Consolidated [Table Text Block]
The following table presents a reconciliation of Adjusted EBITDA to income from continuing operations (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Segment Adjusted EBITDA:
 
 
 
 
 
 
 
International Services
$
54,423

 
$
58,100

 
$
104,382

 
$
109,915

U.S. Services
59,486

 
47,425

 
102,279

 
92,035

Pipe and Products
14,054

 
10,060

 
20,555

 
13,587

Corporate and other
184

 
(77
)
 
36

 
(86
)
Adjusted EBITDA Total
128,147

 
115,508

 
227,252

 
215,451

Interest income (expense), net
(461
)
 
(66
)
 
(663
)
 
193

Income tax expense
(6,081
)
 
(7,719
)
 
(12,384
)
 
(15,394
)
Depreciation and amortization
(19,013
)
 
(16,330
)
 
(36,706
)
 
(31,653
)
Gain (loss) on sale of assets
79

 
90

 
56

 
(105
)
Foreign currency gain (loss)
(1,688
)
 
(2,288
)
 
(5,275
)
 
338

Income from continuing operations
$
100,983

 
$
89,195

 
$
172,280

 
$
168,830

Schedule of Segment Reporting Information, by Segment
The following tables set forth certain financial information with respect to our reportable segments. Included in “Corporate and Other” are intersegment eliminations and costs associated with activities of a general nature (in thousands):
 
International
Services
 
U.S.
Services
 
Pipe and
Products
 
Corporate
and Other
 
Total
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
120,872

 
$
115,612

 
$
56,491

 
$

 
$
292,975

Inter-segment revenues
631

 
5,165

 
19,431

 
(25,227
)
 

Adjusted EBITDA
54,423

 
59,486

 
14,054

 
184

 
128,147

 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
114,489

 
$
106,482

 
$
41,718

 
$

 
$
262,689

Inter-segment revenues
371

 
4,625

 
9,113

 
(14,109
)
 

Adjusted EBITDA
58,100

 
47,425

 
10,060

 
(77
)
 
115,508

 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
231,361

 
$
213,169

 
$
81,018

 
$

 
$
525,548

Inter-segment revenues
1,446

 
10,330

 
35,679

 
(47,455
)
 

Adjusted EBITDA
104,382

 
102,279

 
20,555

 
36

 
227,252

 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
223,524

 
$
203,302

 
$
70,957

 
$

 
$
497,783

Inter-segment revenues
874

 
9,175

 
19,418

 
(29,467
)
 

Adjusted EBITDA
109,915

 
92,035

 
13,587

 
(86
)
 
215,451