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Condensed Consolidated Statements Of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net revenues:        
Contracting services $ 197,461 $ 165,861 $ 427,303 $ 288,609
Oil and gas 149,933 172,458 328,018 341,317
Total net revenues 347,394 338,319 755,321 629,926
Cost of sales:        
Contracting services 147,156 116,521 304,124 223,428
Contracting services impairments 14,590   14,590  
Oil and gas 92,423 110,027 181,672 217,651
Oil and gas property impairments   11,573   11,573
Total cost of sales 254,169 238,121 500,386 452,652
Gross profit 93,225 100,198 254,935 177,274
Loss on sale of assets, net (236) (22) (1,714) (6)
Ineffectiveness on oil and gas derivative contracts 10,069   7,730  
Selling, general and administrative expenses (24,571) (23,758) (50,267) (48,739)
Income from operations 78,487 76,418 210,684 128,529
Equity in earnings of investments 5,748 5,887 6,155 11,537
Net interest expense (18,627) (25,278) (40,387) (49,514)
Loss on early extinguishment of long term debt     (17,127)  
Other income (expense) (1,692) 1,253 (1,606) 3,913
Income before income taxes 63,916 58,280 157,719 94,465
Provision for income taxes 18,476 16,171 45,753 25,721
Net income, including noncontrolling interests 45,440 42,109 111,966 68,744
Less net income applicable to noncontrolling interests (789) (786) (1,578) (1,554)
Net income applicable to Helix 44,651 41,323 110,388 67,190
Preferred stock dividends (10) (10) (20) (20)
Net income applicable to Helix common shareholders 44,641 41,313 110,368 67,170
Earnings (loss) per share of common stock:        
Basic $ 0.42 $ 0.39 $ 1.05 $ 0.63
Diluted $ 0.42 $ 0.39 $ 1.04 $ 0.63
Weighted average common shares outstanding:        
Basic 104,563 104,673 104,547 104,573
Diluted 105,042 105,140 105,012 105,024
Total comprehensive income applicable to Helix common shareholders (Note 9) $ 54,483 $ 60,867 $ 110,560 $ 78,272