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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)
 
Offshore marine construction activities may fluctuate as a result of weather conditions as well as the timing of capital expenditures by oil and gas companies. Historically, a substantial portion of our services has been performed during the summer and fall months. As a result, historically a disproportionate portion of our revenues and net income is earned during such period. The following is a summary of consolidated quarterly financial information (in thousands, except per share amounts): 
 
Quarter Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
2015
 
 
 
 
 
 
 
Net revenues
$
189,641

 
$
166,016

 
$
182,462

 
$
157,683

Gross profit (loss) (1)
$
34,947

 
$
24,208

 
$
31,969

 
$
(324,898
)
Net income (loss) applicable to common shareholders (2)
$
19,642

 
$
(2,635
)
 
$
9,880

 
$
(403,867
)
Basic earnings (loss) per common share
$
0.19

 
$
(0.03
)
 
$
0.09

 
$
(3.83
)
Diluted earnings (loss) per common share
$
0.19

 
$
(0.03
)
 
$
0.09

 
$
(3.83
)
 
Quarter Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
2014
 
 
 
 
 
 
 
Net revenues
$
253,572

 
$
305,587

 
$
340,837

 
$
207,160

Gross profit
75,846

 
109,138

 
126,247

 
32,805

Net income applicable to common shareholders
$
53,719

 
$
57,782

 
$
75,586

 
$
7,960

Basic earnings per common share
$
0.51

 
$
0.55

 
$
0.72

 
$
0.08

Diluted earnings per common share
$
0.51

 
$
0.55

 
$
0.71

 
$
0.08


(1)
Amount in the fourth quarter of 2015 includes impairment charges of $205.2 million for the Helix 534 and $133.4 million for the HP I and $6.3 million for certain capitalized vessel project costs (Note 4).
(2)
Amount in the fourth quarter of 2015 includes a $16.4 million impairment charge on goodwill related to our U.K. well intervention reporting unit (Notes 2 and 6), losses totaling $123.8 million related to our equity investments in Deepwater Gateway and Independence Hub (Note 5), and unrealized losses totaling $19.0 million on our foreign currency exchange contracts associated with the Grand Canyon, Grand Canyon II and Grand Canyon III chartered vessels (Note 18).