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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net revenues:    
Contracting services$ 213,278$ 297,103$ 501,887$ 604,634
Oil and gas159,21895,566500,535288,867
Total net revenues372,496392,6691,002,422893,501
Cost of sales:    
Contracting services147,614211,634371,042438,008
Oil and gas100,23093,586306,733266,032
Oil and gas property impairments2,35789725,078171,871
Total cost of sales250,201306,117702,853875,911
Gross profit (loss)122,29586,552299,56917,590
Gain on oil and gas derivative contracts 161 2,643
Gain (loss) on sale or acquisition of assets, net 13(6)6,246
Selling, general and administrative expenses(22,082)(26,628)(70,821)(91,675)
Income (loss) from operations100,21360,098228,742(65,196)
Equity in earnings of investments4,9066,22116,44312,932
Gain on sale of Cal Dive common stock  753 
Net interest expense(24,114)(25,479)(73,628)(61,637)
Other income (expense)(10,714)4,072(7,554)(3,189)
Income (loss) before income taxes70,29144,912164,756(117,090)
Provision (benefit) for income taxes23,46517,96549,186(41,962)
Net income (loss), including noncontrolling interests46,82626,947115,570(75,128)
Less net income applicable to noncontrolling interests(800)(776)(2,354)(2,049)
Net income (loss) applicable to Helix46,02626,171113,216(77,177)
Preferred stock dividends(10)(10)(30)(104)
Net income (loss) applicable to Helix common shareholders$ 46,016$ 26,161$ 113,186$ (77,281)
Earnings (loss) per share of common stock:    
Basic$ 0.43$ 0.25$ 1.07$ (0.74)
Diluted$ 0.43$ 0.25$ 1.06$ (0.74)
Weighted average common shares outstanding:    
Basic104,700104,090104,616103,772
Diluted105,154105,307105,061103,772