QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 13—QUARTERLY FINANCIAL DATA (UNAUDITED)

The following tables set forth selected unaudited quarterly financial information for the years ended December 31, 2013 and 2012:

	Quarter Ended
	March 31, 2013		June 30, 2013(1)			September 30, 2013(2)			December 31, 2013(3)
	(In thousands, except per share amounts)
Revenues	$	807,488	$	647,250		$	686,856		$	517,338
Operating income (loss)	$	53,033	$	(149,536	)	$	(52,654	)	$	(315,633	)
Income from continuing operations, less noncontrolling interest	$	20,553	$	(149,423	)	$	(64,070	)	$	(323,973	)
Income (loss) from discontinued operations, net of tax		—		—			—			—
Net income	$	20,553	$	(149,423	)	$	(64,070	)	$	(323,973	)
	Per Share Data Quarter Ended
	March 31, 2013		June 30, 2013			September 30, 2013			December 31, 2013
Basic earnings per common share:
Income from continuing operations, less noncontrolling interest		0.09		(0.63	)		(0.27	)		(1.37	)
Income (loss) from discontinued operations, net of tax		—		—			—			—
Net income		0.09		(0.63	)		(0.27	)		(1.37	)
Diluted earnings per common share:
Income from continuing operations, less noncontrolling interest		0.09		(0.63	)		(0.27	)		(1.37	)
Income (loss) from discontinued operations, net of tax		—		—			—			—
Net income		0.09		(0.63	)		(0.27	)		(1.37	)

(1) Operating income for the quarter ended June 30, 2013 was influenced by increased cost estimates on projects in our Middle East and Asia Pacific segments, as well as restructuring charges.

(2) Operating income for the quarter ended September 30, 2013 was influenced by increased project losses.

(3) Operating income for the quarter ended December 31, 2013 was influenced by increased cost estimates, impairment losses and restructuring charges.

	Quarter Ended
	March 31, 2012		June 30, 2012(1)		September 30, 2012(2)		December 31, 2012(3)
	(In thousands, except per share amounts)
Revenues	$	727,678	$	889,248	$	1,028,745	$	995,953
Operating income	$	80,176	$	79,382	$	82,481	$	77,288
Income from continuing operations, less noncontrolling interest	$	59,261	$	52,739	$	50,612	$	40,544
Income (loss) from discontinued operations, net of tax(1)		3,497		—		—		—
Net income	$	62,758	$	52,739	$	50,612	$	40,544
	Per Share Data Quarter Ended
	March 31, 2012		June 30, 2012		September 30, 2012		December 31, 2012
Basic earnings per common share:
Income from continuing operations, less noncontrolling interest		0.25		0.22		0.21		0.17
Income (loss) from discontinued operations, net of tax		0.01		—		—		—
Net income		0.27		0.22		0.21		0.17
Diluted earnings per common share:
Income from continuing operations, less noncontrolling interest		0.25		0.22		0.21		0.17
Income (loss) from discontinued operations, net of tax		0.01		—		—		—
Net income		0.26		0.22		0.21		0.17

(1) Operating income for the quarter ended June 30 2012 was influenced by increased fabrication activities, partially offset by lower project close-outs and settlements.

(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 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.