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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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net revenues:        
Contracting services $ 217,110 $ 213,278 $ 644,413 $ 501,887
Oil and gas 119,124 159,218 447,142 500,535
Total net revenues 336,234 372,496 1,091,555 1,002,422
Cost of sales:        
Contracting services 148,731 147,614 452,855 371,042
Contracting services impairments 4,422   19,012  
Oil and gas 97,324 102,587 278,996 320,238
Oil and gas property impairments       11,573
Total cost of sales 250,477 250,201 750,863 702,853
Gross profit 85,757 122,295 340,692 299,569
Loss on sale of assets, net (12,933)   (14,647) (6)
Hedge ineffectiveness and non-hedge gain on commodity derivative contracts (9,427)   (1,697)  
Selling, general and administrative expenses (28,022) (22,082) (78,289) (70,821)
Income from operations 35,375 100,213 246,059 228,742
Equity in earnings of investments 1,392 4,906 7,547 16,443
Net interest expense (18,211) (24,114) (58,598) (73,628)
Loss on early extinguishment of long term debt   (2,354) (17,127) (2,354)
Other income (expense) 2,086 (8,360) 480 (4,447)
Income before income taxes 20,642 70,291 178,361 164,756
Provision for income taxes 4,967 23,465 50,720 49,186
Net income, including noncontrolling interests 15,675 46,826 127,641 115,570
Less net income applicable to noncontrolling interests (800) (800) (2,378) (2,354)
Net income applicable to Helix 14,875 46,026 125,263 113,216
Preferred stock dividends (10) (10) (30) (30)
Net income applicable to Helix common shareholders 14,865 46,016 125,233 113,186
Earnings (loss) per share of common stock:        
Basic $ 0.14 $ 0.43 $ 1.19 $ 1.07
Diluted $ 0.14 $ 0.43 $ 1.18 $ 1.06
Weighted average common shares outstanding:        
Basic 104,256 104,700 104,450 104,616
Diluted 104,729 105,154 104,897 105,061
Total comprehensive income (loss) applicable to Helix common shareholders (Note 9) $ (1,266) $ 81,492 $ 109,294 $ 159,764