Stockholders' Equity

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

NOTE G - EQUITY

Changes in equity for the three month and six month periods ended June 30, 2011 and 2010, are as follows:

	Three Months Ended June 30,
	2011								2010
	(In Thousands)
				Noncontrolling								Noncontrolling
	TETRA			Interest		Total			TETRA			Interest		Total
Beginning balance for the period	$	517,353		$	-	$	517,353		$	581,650		$	-	$	581,650
Comprehensive income:
Net income		30,374			95		30,469			13,560			-		13,560
Changes in commodity derivatives, net of
taxes of $4,165 and $(1,206), respectively		7,030			-		7,030			(2,035	)		-		(2,035	)
Foreign currency translation adjustment, net of
taxes of $(582) and $(1,112), respectively		2,229			-		2,229			(1,650	)		-		(1,650	)
Comprehensive income		39,633			95		39,728			9,875			-		9,875
Exercise of common stock options		491			-		491			365			-		365
Issuance of Compressco Partners common
units, net of offering costs		-			42,885		42,885			-			-		-
Purchases of treasury stock and other		(684	)		-		(684	)		(81	)		-		(81	)
Stock based compensation		1,303			-		1,303			1,505			-		1,505
Tax benefit upon exercise of stock options		532			-		532			126			-		126
Ending balance as of June 30,	$	558,628		$	42,980	$	601,608		$	593,440		$	-	$	593,440

	Six Months Ended June 30,
	2011								2010
	(In Thousands)
				Noncontrolling								Noncontrolling
	TETRA			Interest		Total			TETRA			Interest		Total
Beginning balance for the period	$	516,323		$	-	$	516,323		$	576,494		$	-	$	576,494
Comprehensive income:
Net income		27,859			95		27,954			18,987			-		18,987
Changes in commodity derivatives, net of
taxes of $1,578 and $(2,194), respectively		2,663			-		2,663			(3,703	)		-		(3,703	)
Foreign currency translation adjustment, net of
taxes of $(770) and $(1,648), respectively		5,713			-		5,713			(2,303	)		-		(2,303	)
Comprehensive income		36,235			95		36,330			12,981			-		12,981
Exercise of common stock options		2,805			-		2,805			784			-		784
Issuance of Compressco Partners common
units, net of offering costs		-			42,885		42,885			-			-		-
Purchases of treasury stock and other		(1,269	)		-		(1,269	)		(123	)		-		(123	)
Stock based compensation		3,140			-		3,140			3,055			-		3,055
Tax benefit upon exercise of stock options		1,394			-		1,394			249			-		249
Ending balance as of June 30	$	558,628		$	42,980	$	601,608		$	593,440		$	-	$	593,440

- Definition

Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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