SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Information about Operations in Different Segments

Summarized financial information is shown in the following tables:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Revenues(1):
Asia Pacific	$	113,982		$	229,829		$	275,807		$	555,891
Middle East		236,293			230,867			496,654			564,109
Americas		125,808			186,554			307,433			334,738
Total revenues	$	476,083		$	647,250		$	1,079,894		$	1,454,738
Operating income (loss) (2):
Asia Pacific	$	4,434		$	(32,395	)	$	6,525		$	55,557
Middle East		12,864			(68,490	)		3,436			(86,999	)
Americas		11,125			(48,651	)		(20,686	)		(65,061	)
Corporate		(331	)		—			(2,825	)		—
Total operating income (loss)	$	28,092		$	(149,536	)	$	(13,550	)	$	(96,503	)
Capital expenditures(3):
Asia Pacific	$	74,229		$	41,430		$	78,297		$	45,185
Middle East		32,132			27,391			39,537			37,943
Americas		8,120			34,303			30,699			56,313
Corporate and Other		2,583			3,702			6,424			5,034
Total capital expenditures	$	117,064		$	106,826		$	154,957		$	144,475
Depreciation and amortization:
Asia Pacific	$	4,955		$	4,507		$	9,987		$	9,537
Middle East		7,977			7,516			17,552			14,026
Americas		7,035			5,181			15,332			11,986
Corporate and Other		1,678			1,892			3,376			3,769
Total depreciation and amortization	$	21,645		$	19,096		$	46,247		$	39,318
Drydock amortization:
Asia Pacific	$	1,569		$	2,088		$	3,524		$	5,049
Middle East		468			385			897			1,066
Americas		983			1,908			5,545			3,816
Total drydock amortization	$	3,020		$	4,381		$	9,966		$	9,931

⁽¹⁾  Intersegment transactions included in revenues were not significant for either of the periods presented.

⁽²⁾ Operating income (loss) includes gain on sale of assets and improvement on cancellation cost estimate as discussed in Note 2 – Acquisition and Disposition – Non-Core Asset Sales.

⁽³⁾  Total capital expenditures reflects expenditures for which cash payments were made during the period. Capital expenditures for the six months ended June 30, 2014 include $28.2 million of cash payments for accrued capital expenditures outstanding as of December 31, 2013. Capital expenditures for the six months ended June 30, 2013 exclude approximately $10.8 million in accrued liabilities related to capital expenditures.

Information about Segment Assets by Country

	June 30, 2014		December 31, 2013
	(In thousands)
Segment assets:
Asia Pacific	$	786,707	$	1,030,823
Middle East		1,100,099		1,129,529
Americas		744,349		522,713
Corporate and other		1,009,044		124,306
Total assets	$	3,643,199	$	2,807,371