XML 76 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Basis of Presentation and Significant Accounting Policies - Additional Information (Detail) (USD $)
3 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2012
Country
Person
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Country
Person
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
Minimum
Dec. 31, 2012
Maximum
Dec. 31, 2012
Buildings
Minimum
Dec. 31, 2012
Buildings
Maximum
Dec. 31, 2012
Machinery and Equipment
Minimum
Dec. 31, 2012
Machinery and Equipment
Maximum
Dec. 31, 2012
Drydocking
Minimum
Dec. 31, 2012
Drydocking
Maximum
Dec. 31, 2012
Asia Pacific
Project
Dec. 31, 2011
Asia Pacific
Dec. 31, 2010
Asia Pacific
Dec. 31, 2012
Atlantic
Project
Dec. 31, 2011
Atlantic
Dec. 31, 2010
Atlantic
Dec. 31, 2012
Atlantic
Deferred profit recognition contracts
Project
Dec. 31, 2011
Atlantic
Deferred profit recognition contracts
Dec. 31, 2012
Atlantic
Backlog
Dec. 31, 2011
Atlantic
Brazil
Dec. 31, 2011
Atlantic
Mexico
Dec. 31, 2012
Middle East
Dec. 31, 2011
Middle East
Dec. 31, 2010
Middle East
Mar. 19, 2012
Charter Fleet Business
Vessel
Mar. 19, 2012
Secunda International Limited
Vessel
Dec. 31, 2012
Consolidated Entities
Dec. 31, 2011
Consolidated Entities
Dec. 31, 2012
Unconsolidated joint ventures
Dec. 31, 2011
Unconsolidated joint ventures
Dec. 31, 2012
Unapproved claims
Dec. 31, 2011
Unapproved claims
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]                                                                                  
Number of countries in which entity operates 20               20                                                                
Number of employees in entity 14,000               14,000                                                                
Number of vessels sold                                                                   10              
Number of vessels                                                                     14            
Project charges $ 52,000,000                                     $ 23,000,000     $ 16,000,000           $ 74,000,000 $ 65,000,000 $ 13,000,000                    
Number of projects                                       1     2     1                              
Project completion year                                       2013     2013               2013                    
Cost increase percentage 8.00%               8.00%                                                                
Project period                                                         5 years                        
Percentage of completion to recognize expected profit                                             70.00%                                    
Revenues 995,953,000 [1] 1,028,745,000 [2] 889,248,000 [3] 727,678,000 816,175,000 879,894,000 [4] 849,801,000 [5] 899,240,000 3,641,624,000 [6] 3,445,110,000 [6] 2,403,743,000 [6]                 1,575,682,000 1,898,033,000 870,410,000 474,061,000 267,019,000 183,001,000 37,600,000 45,400,000 161,500,000     1,591,881,000 1,280,058,000 1,350,332,000     78,600,000 12,000,000 9,200,000 13,000,000 187,600,000 55,400,000
Cost of operations                 3,100,009,000 2,980,390,000 1,842,261,000                             37,600,000 45,400,000                 78,600,000 12,000,000 9,200,000 13,000,000 187,600,000 55,400,000
Restricted cash and cash equivalents, aggregate amount 18,116,000       21,962,000       18,116,000 21,962,000                                                              
Equity method of accounting investment ownership                       20.00% 50.00%                                                        
Retainages expected to be collected in 2014 32,000,000               32,000,000                                                                
Accounts receivable - other 75,461,000       53,386,000       75,461,000 53,386,000                                                              
Employee receivables 6,800,000       10,800,000       6,800,000 10,800,000                                                              
Interest incurred                 8,600,000 9,300,000 14,600,000                                                            
Interest capitalized                 8,600,000 8,800,000 12,000,000                                                            
Property, plant and equipment economic useful lives                           8 years 33 years 3 years 28 years 3 years 5 years                                            
Depreciation expense                 86,400,000 82,200,000 75,800,000                                                            
Asset impairment charges                   5,488,000 24,660,000                                                            
Reduction in self-insurance accruals                 $ 6,800,000 $ 17,300,000 $ 2,400,000                                                            
[1] Operating income for the quarter ended December 31, 2012 was influenced by significant cost savings on marine installation activities on an EPCI project, partially offset by project losses of approximately $52.0 million recognized across each segment. Income from continuing operations, less non-controlling interests was impacted by an increase in our provision for income taxes and sales, general & administrative expenses, partially offset by an increase in gain (loss) on foreign currency - net.
[2] Revenues for the quarter ended September 30, 2012 were influenced by increased marine activity on certain of our Asia Pacific projects.
[3] Operating income for the quarter ended June 30 2012 was influenced by increased fabrication activities partially offset by lower project close-outs and settlements.
[4] Operating income for the September 30, 2011 quarter was influenced by the $75.4 million decline in the Middle East segment. The Middle East decline was primarily driven by reduced fabrication and marine activity levels, lower change orders, project close-outs and settlements on completed contracts. In addition, the September quarter was impacted by approximately $50.0 million of project charges recognized across segments.
[5] Operating income for the June 30, 2011 quarter was influenced by a $49.1 million decline in our Middle East segment as a result of reduced marine activity and the substantial completion of several higher margin projects in Saudi Arabia for which the marine activities were ongoing during the 2010 quarter but were complete prior to the 2011 quarter.
[6] Intercompany transactions were not significant for the years ended December 31, 2012 and 2011. For the year ended December 31, 2010, intercompany transactions of $20,129 in our Atlantic segment were eliminated at the consolidated level.