Note 6 - Receivables and Inventories

6 Months Ended

Jun. 30, 2012

Receivables And Inventories Disclosure [Text Block]

Note 6 – Receivables and Inventories

Receivables - Receivables consist of the following:

(In thousands)	June 30, 2012			December 31, 2011
Gross trade receivables	$	324,800		$	306,791
Allowance for doubtful accounts		(3,819	)		(3,161	)
Net trade receivables		320,981			303,630
Other receivables		12,995			24,960
Total receivables, net	$	333,976		$	328,590

Inventories - Our inventories include $173.1 million and $174.7 million of raw materials and components for our drilling fluids systems at June 30, 2012 and December 31, 2011, respectively.  The remaining balance consists primarily of composite mat finished goods.