Financial Information Related To Guarantor Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2012

Financial Information Related To Guarantor Subsidiaries [Abstract]



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Balance Sheets
December 31, 2012
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$ -	$ 19,486	$ 11,525	$ 60,188	$ -	$-	$ 91,199
Accounts receivable, net	-	1,024	825,154	284,846	(83,806)		1,027,218
Deferred Income Taxes	34,028	-	-	92	-		34,120
Prepaid expenses	58	4,379	43,881	44,872	-		93,190
Inventory and other current assets	-	10,846	181,266	22,518	-		214,630
Intercompany interest receivable	-	-	-	122	(122)		-

Total current assets	34,086	35,735	1,061,826	412,638	(83,928)		1,460,357

Property, plant and equipment, net	-	6,445	2,595,892	652,883	-		3,255,220
Goodwill	-	-	2,122,837	409,228	-		2,532,065
Notes receivable	-	-	44,838	-	-		44,838
Intercompany notes receivable	-	-	-	84,000	(84,000)		-
Investments in subsidiaries	2,223,692	4,976,314	591,675	-	(7,791,681)		-
Intangible and other long-term assets, net	-	57,511	374,088	78,807	-		510,406

Total assets	$ 2,257,778	$ 5,076,005	$ 6,791,156	$ 1,637,556	$ (7,959,609)		$ 7,802,886

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ -	$ 3,192	$ 189,075	$ 127,764	$ (67,668)		$ 252,363
Accrued expenses	172	49,233	206,015	107,353	(16,283)		346,490
Income taxes payable	151,674	-	-	1,538	-		153,212
Current maturities of long-term debt	-	20,000	-	-	-		20,000
Intercompany interest payable	-	122			(122)		-

Total current liabilities	151,846	72,547	395,090	236,655	(84,073)		772,065

Deferred income taxes	726,436	-	-	18,708	-		745,144
Decommissioning liabilities	-	-	89,877	3,176	-		93,053
Long-term debt, net	-	1,814,500	-	-	-		1,814,500
Intercompany notes payable	-	84,000	-	-	(84,000)		-
Intercompany payables/(receivables)	(2,858,319)	848,000	2,512,728	21,139	(523,548)		-
Other long-term liabilities	6,736	33,270	55,950	51,089	-		147,045

Stockholders' equity:
Preferred stock of $.01 par value	-	-	-	-	-		-
Common stock of $.001 par value	158	-	782	4,212	(4,994)		158
Additional paid in capital	2,850,855	124,271	687,939	1,150,859	(1,963,069)		2,850,855
Accumulated other comprehensive
income (loss), net	(19,317)	(19,317)	1,042	(18,420)	36,695		(19,317)
Retained earnings (accumulated deficit)	1,399,383	2,118,734	3,047,748	170,138	(5,336,620)		1,399,383

Total stockholders' equity (deficit)	4,231,079	2,223,688	3,737,511	1,306,789	(7,267,988)		4,231,079

Total liabilities and stockholders' equity	$ 2,257,778	$ 5,076,005	$ 6,791,156	$ 1,637,556	$ (7,959,609)		$ 7,802,886



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Balance Sheets
December 31, 2011
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$ -	$ 29,057	$ 6,272	$ 44,945	$ -	$ 80,274
Accounts receivable, net	-	531	437,963	143,444	(41,336)	540,602
Income taxes receivable	-	-	-	698	(698)	-
Prepaid expenses	34	3,893	9,796	20,314	-	34,037
Inventory and other current assets	-	1,796	214,381	12,132	-	228,309

Total current assets	34	35,277	668,412	221,533	(42,034)	883,222

Property, plant and equipment, net	-	2,758	1,096,036	408,574	-	1,507,368
Goodwill	-	-	437,614	143,765	-	581,379
Notes receivable	-	-	73,568	-	-	73,568
Investments in subsidiaries	1,650,049	2,833,659	20,062	-	(4,503,770)	-
Equity-method investments	-	70,614	-	1,858	-	72,472
Intangible and other long-term assets, net	-	828,447	71,625	30,064	-	930,136

Total assets	1,650,083	3,770,755	2,367,317	805,794	(4,545,804)	4,048,145

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$ -	$ 4,307	$ 128,996	$ 86,723	$ (41,381)	$ 178,645
Accrued expenses	164	54,000	105,512	38,503	(605)	197,574
Income taxes payable	1,415	-	-	-	(698)	717
Deferred income taxes	831	-	-	-	-	831
Current portion of decommissioning liabilities	-	-	14,956	-	-	14,956
Current maturities of long-term debt	-	-	-	810	-	810

Total current liabilities	2,410	58,307	249,464	126,036	(42,684)	393,533

Deferred income taxes	285,871	-	-	11,587	-	297,458
Decommissioning liabilities	-	-	108,220	-	-	108,220
Long-term debt, net	-	1,673,351	-	11,736	-	1,685,087
Intercompany payables/(receivables)	(96,989)	356,668	(253,053)	(7,276)	650	-
Other long-term liabilities	5,192	32,380	26,704	45,972	-	110,248

Stockholders' equity:
Preferred stock of $.01 par value	-	-	-	-	-	-
Common stock of $.001 par value	80	-	-	4,212	(4,212)	80
Additional paid in capital	447,007	124,271	-	517,209	(641,480)	447,007
Accumulated other comprehensive
income (loss), net	(26,936)	(26,936)	-	(26,936)	53,872	(26,936)
Retained earnings (accumulated deficit)	1,033,448	1,552,714	2,235,982	123,254	(3,911,950)	1,033,448

Total stockholders' equity (deficit)	1,453,599	1,650,049	2,235,982	617,739	(4,503,770)	1,453,599

Total liabilities and stockholders' equity	$ 1,650,083	$ 3,770,755	$ 2,367,317	$ 805,794	$ (4,545,804)	$ 4,048,145

Consolidating Statements of Operations And Comprehensive Income



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Year Ended December 31, 2012
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 3,908,584	$ 817,614	$ (158,130)	$ 4,568,068

Cost of services (exclusive of items shown
separately below)	-	-	2,300,284	547,145	(157,956)	2,689,473
Depreciation, depletion, amortization and
accretion	-	685	425,648	82,948	-	509,281
General and administrative expenses	404	144,187	406,212	112,163	(174)	662,792

Income (loss) from operations	(404)	(144,872)	776,440	75,358	-	706,522

Other income (expense):
Interest expense, net of amounts capitalized	-	(114,927)	(6)	(2,749)	-	(117,682)
Interest income	-	104	3,036	30	-	3,170
Intercompany interest income (expense)	-	(122)	-	122	-	-
Other income (expense)	-	745	108	-	-	853
Loss on early extinguishment of debt	-	(2,294)	-	-	-	(2,294)
Earnings (losses) from consolidated subsidiaries	566,021	811,768	46,881	-	(1,424,670)	-
Earnings (losses) from equity-method investments, net	-	(287)	-	-	-	(287)
Gain on sale of equity-method investment	-	17,880	-	-	-	17,880

Income (loss) from continuing operations before
income taxes	565,617	567,995	826,459	72,761	(1,424,670)	608,162

Income taxes	202,152	-	-	22,868	-	225,020

Net income (loss) from continuing operations	363,465	567,995	826,459	49,893	(1,424,670)	383,142

Discontinued operations, net of income tax	2,470	(1,975)	(14,693)	(3,009)	-	(17,207)

Net income (loss)	$ 365,935	$ 566,020	$ 811,766	$ 46,884	$ (1,424,670)	$ 365,935


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Year Ended December 31, 2012
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 365,935	$ 566,020	$ 811,766	$ 46,884	$ (1,424,670)	$ 365,935
Unrealized net loss on investment securities, net of tax	(897)	(897)	-	-	897	(897)
Change in cumulative translation adjustment	8,516	8,516	1,042	8,516	(18,074)	8,516

Comprehensive income (loss)	$ 373,554	$ 573,639	$ 812,808	$ 55,400	$ (1,441,847)	$ 373,554



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Year ended December 31, 2010
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 1,295,946	$ 337,526	$ (70,429)	$ 1,563,043

Cost of services (exclusive of items shown
separately below)	-	-	687,519	231,082	(70,109)	848,492
Depreciation, depletion, amortization and
accretion	-	515	169,528	38,054	-	208,097
General and administrative expenses	322	98,220	181,234	53,146	(320)	332,602

Income (loss) from operations	(322)	(98,735)	257,665	15,244	-	173,852

Other income (expense):
Interest expense, net of amounts capitalized	-	(53,716)	(216)	(2,548)	-	(56,480)
Interest income	-	150	4,459	526		5,135
Intercompany interest income (expense)	-	15,883	-	(15,883)		-
Other income (expense)	-	825	-	-		825
Earnings (losses) from consolidated subsidiaries	119,801	255,257	3,555	-	(378,613)	-
Earnings (losses) from equity-method
investments, net	-	985	-	7,260		8,245

Income (loss) from continuing operations before
income taxes	119,479	120,649	265,463	4,599	(378,613)	131,577

Income taxes	39,722	-	-	5,709	-	45,431

Net income (loss) from continuing operations	79,757	120,649	265,463	(1,110)	(378,613)	86,146

Discontinued operations, net of income tax	2,060	(848)	(5,387)	(154)	-	(4,329)

Net income (loss)	$ 81,817	$ 119,801	$ 260,076	$ (1,264)	$ (378,613)	$ 81,817


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Year ended December 31, 2010
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 81,817	$ 119,801	$ 260,076	$ (1,264)	$ (378,613)	$ 81,817
Change in cumulative translation adjustment	(6,704)	(6,704)	-	(6,704)	13,408	(6,704)

Comprehensive income (loss)	$ 75,113	$ 113,097	$ 260,076	$ (7,968)	$ (365,205)	$ 75,113



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Operations
Year Ended December 31, 2011
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Revenues	$ -	$ -	$ 1,624,945	$ 406,843	$ (67,456)	$ 1,964,332

Cost of services (exclusive of items shown
separately below)	-	-	817,551	295,998	(67,140)	1,046,409
Depreciation, depletion, amortization and
accretion	-	523	200,614	43,778	-	244,915
General and administrative expenses	683	79,672	230,972	65,608	(316)	376,619

Income (loss) from operations	(683)	(80,195)	375,808	1,459	-	296,389

Other income (expense):
Interest expense, net of amounts capitalized	-	(72,414)	(43)	(537)	-	(72,994)
Interest income	-	1,097	4,536	593	-	6,226
Intercompany interest income (expense)	-	26,673	-	(26,673)	-	-
Other income (expense)	-	(1,005)	183	-	-	(822)
Earnings (losses) from consolidated subsidiaries	218,198	330,553	2,621	-	(551,372)	-
Earnings (losses) from equity-method				-
investments, net	-	15,180	-	1,214	-	16,394

Income (loss) from continuing operations before
income taxes	217,515	219,889	383,105	(23,944)	(551,372)	245,193

Income taxes	81,533	-	-	4,271	-	85,804

Net income (loss) from continuing operations	135,982	219,889	383,105	(28,215)	(551,372)	159,389

Discontinued operations, net of income tax	6,572	(1,691)	(21,564)	(152)	-	(16,835)

Net income (loss)	$ 142,554	$ 218,198	$ 361,541	$ (28,367)	$ (551,372)	$ 142,554


SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income
Year Ended December 31, 2011
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Net income (loss)	$ 142,554	$ 218,198	$ 361,541	$ (28,367)	$ (551,372)	$ 142,554
Change in cumulative translation adjustment	(1,236)	(1,236)	-	(1,236)	2,472	(1,236)

Comprehensive income (loss)	$ 141,318	$ 216,962	$ 361,541	$ (29,603)	$ (548,900)	$ 141,318

Condensed Consolidating Statements Of Cash Flows



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2012
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Cash flows from operating activities:
Net income (loss)	$ 365,935	$ 566,020	$ 811,766	$ 46,884	$ (1,424,670)	$ 365,935
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation, depletion, amortization and accretion	-	685	426,585	83,256	-	510,526
Deferred income taxes	7,429	-	-	3,789	-	11,218
Excess tax benefit from stock-based compensation	(1,555)	-	-	-	-	(1,555)
Gain on sale of equity-method investment	-	(17,880)	-	-	-	(17,880)
Stock-based and performance share unit compensation
expense	-	36,570	-	-	-	36,570
Retirement and deferred compensation plan expense	-	1,607	-	-	-	1,607
(Earnings) losses from consolidated subsidiaries	(566,021)	(811,768)	(46,881)	-	1,424,670	-
(Earnings) losses from equity-method investments, net
of cash received	-	2,787	-	573	-	3,360
Amortization of debt acquisition costs and note
discount	-	9,856	-	-	-	9,856
Gain on sale of business	-	-	6,649	-	-	6,649
Write-off of debt acquisition costs and discount	-	2,714	-	746	-	3,460
Other reconciling items, net	-	2,860	(3,369)	1,714		1,205
Changes in operating assets and liabilities, net
of acquisitions and dispositions:
Accounts receivable	-	(493)	28,821	(71,274)	-	(42,946)
Inventory and other current assets	-	174	63,260	(714)	-	62,720
Accounts payable	-	(1,115)	(56,323)	26,461	-	(30,977)
Accrued expenses	8	(17,540)	(47,423)	38,848	-	(26,107)
Decommissioning liabilities	-	-	(4,660)	-	-	(4,660)
Income taxes	154,879	-	-	(2,786)		152,093
Other, net	(23)	731	4,919	(11,658)		(6,031)

Net cash provided by (used in) operating activities	(39,348)	(224,792)	1,183,344	115,839	-	1,035,043

Cash flows from investing activities:
Payments for capital expenditures	-	(5,041)	(982,231)	(154,650)	-	(1,141,922)
Sale of available-for-sale securities	-	41,874	-	-	-	41,874
Change in restricted cash held for acquisition of business	-	785,280	-	-	-	785,280
Acquisitions of businesses, net of cash acquired	-	(1,229,327)	103,952	34,214	-	(1,091,161)
Cash proceeds from sale of businesses	-	183,094	-	-	-	183,094
Cash proceeds from the sale of equity-method investment	-	34,087	-	-	-	34,087
Other	-	-	26,154	5,476	-	31,630
Intercompany receivables/payables	20,550	273,952	(322,966)	28,464	-	-

Net cash provided by (used in) investing activities	20,550	83,919	(1,175,091)	(86,496)	-	(1,157,118)

Cash flows from financing activities:
Proceeds from revolving line of credit	-	696,439	-	-	-	696,439
Payments on revolving line of credit	-	(771,439)	-	-	-	(771,439)
Proceeds from long-term debt	-	400,000	-	-	-	400,000
Principal payments on long-term debt	-	(165,000)	-	(12,546)	-	(177,546)
Payment of debt acquisition costs	-	(25,274)	-	-	-	(25,274)
Proceeds from exercise of stock options	14,777	-	-	-	-	14,777
Excess tax benefit from stock-based compensation	1,555	-	-	-	-	1,555
Proceeds from issuance of stock through employee benefit plans	2,855	-	-	-	-	2,855
Other	(389)	(3,424)	(3,000)	(3,570)		(10,383)

Net cash provided by (used in) financing activities	18,798	131,302	(3,000)	(16,116)	-	130,984

Effect of exchange rate changes on cash	-	-	-	2,016	-	2,016

Net increase (decrease) in cash and cash equivalents	-	(9,571)	5,253	15,243	-	10,925

Cash and cash equivalents at beginning of period	-	29,057	6,272	44,945	-	80,274

Cash and cash equivalents at end of period	$ -	$ 19,486	$ 11,525	$ 60,188	$ -	$ 91,199



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2011
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Cash flows from operating activities:
Net income (loss)	$ 142,554	$ 218,198	$ 361,541	$ (28,367)	$ (551,372)	$ 142,554
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation, depletion, amortization and accretion	-	523	211,988	44,802	-	257,313
Deferred income taxes	49,946	-	-	(1,873)	-	48,073
Excess tax benefit from stock-based compensation	(9,004)	-	-	-	-	(9,004)
Reduction in value of assets	-	-	46,096	-	-	46,096
Stock-based and performance share unit compensation
expense	-	14,032	-	-	-	14,032
Retirement and deferred compensation plan expense	-	1,990	-	-	-	1,990
(Earnings) losses from consolidated subsidiaries	(218,198)	(330,553)	(2,621)	-	551,372	-
(Earnings) losses from equity-method investments, net
of cash received	-	(12,001)	-	(1,151)	-	(13,152)
Amortization of debt acquisition costs and note						-
discount		25,154	-	24	-	25,178
Gain on sale of businesses		-	(8,558)	-	-	(8,558)
Other reconciling items, net		(1,884)	(4,542)	-	-	(6,426)
Changes in operating assets and liabilities, net
of acquisitions and dispositions:
Accounts receivable		(117)	(51,133)	(35,564)	-	(86,814)
Inventory and other current assets		(117)	5,348	(3,049)	-	2,182
Accounts payable		(2,348)	26,499	16,138	-	40,289
Accrued expenses	12	7,983	11,801	5,165	-	24,961
Decommissioning liabilities	-	-	(504)	-	-	(504)
Income taxes	(917)	-	-	(461)	-	(1,378)
Other, net	(16)	(1,024)	18,646	(1,634)	-	15,972

Net cash provided by (used in) operating activities	(35,623)	(80,164)	614,561	(5,970)	-	492,804

Cash flows from investing activities:
Payments for capital expenditures	-	(93)	(383,785)	(100,770)	-	(484,648)
Change in restricted cash held for acquisition of business	-	(785,280)	-	-	-	(785,280)
Purchases of short-term investments, net	-	(223,491)	-	-	-	(223,491)
Proceeds from the sale of short-term investments, net	-	223,630	-	-	-	223,630
Acquisitions of businesses, net of cash acquired	-	-	(1,200)	(548)	-	(1,748)
Cash proceeds from sale of businesses	-	-	22,349	-	-	22,349
Other	-	-	(721)	-	-	(721)
Intercompany receivables/payables	14,485	125,015	(250,425)	110,925	-	-

Net cash provided by (used in) investing activities	14,485	(660,219)	(613,782)	9,607	-	(1,249,909)

Cash flows from financing activities:
Proceeds from revolving line of credit	-	324,913	-	-	-	324,913
Payments on revolving line of credit	-	(424,913)	-	-		(424,913)
Proceeds from issuance of long-term debt	-	1,300,000	-	-	-	1,300,000
Principal payments on long-term debt	-	(400,000)	-	(810)	-	(400,810)
Payment of debt acquisition costs	-	(24,428)	-	-	-	(24,428)
Proceeds from exercise of stock options	10,263	-	-	-	-	10,263
Excess tax benefit from stock-based compensation	9,004	-	-	-	-	9,004
Proceeds from issuance of stock through employee benefit plans	2,206	-	-	-	-	2,206
Other	(335)	(6,132)	-	(3,195)	-	(9,662)

Net cash provided by (used in) financing activities	21,138	769,440	-	(4,005)	-	786,573

Effect of exchange rate changes on cash	-	-	-	79	-	79

Net increase (decrease) in cash and cash equivalents	-	29,057	779	(289)	-	29,547	-

Cash and cash equivalents at beginning of period	-	-	5,493	45,234	-	50,727

Cash and cash equivalents at end of period	$ -	$ 29,057	$ 6,272	$ 44,945	$ -	$ 80,274



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2010
(in thousands)

	Parent	Issuer	Guarantor Subsidiaries	Non-Guarantor Subsidiaries	Eliminations	Consolidated

Cash flows from operating activities:
Net income (loss)	$ 81,817	$ 119,801	$ 260,076	$ (1,264)	$ (378,613)	$ 81,817
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation, depletion, amortization and accretion	-	515	181,216	39,104	-	220,835
Deferred income taxes	10,650	-	-	(2,374)	-	8,276
Excess tax benefit from stock-based compensation	(560)					(560)
Reduction in value of assets	-	-	32,004	-	-	32,004
Stock-based and performance share unit compensation
expense	-	33,602	-	-	-	33,602
Retirement and deferred compensation plans expense	-	4,825	-	-	-	4,825
(Earnings) losses from consolidated subsidiaries	(119,801)	(255,257)	(3,555)	-	378,613	-
(Earnings) losses from equity-method investments, net
of cash received	-	9,005	-	(6,100)	-	2,905
Amortization of debt acquisition costs and note
discount	-	23,954	-	-	-	23,954
Gain on sale of business	-	-	(1,083)	-	-	(1,083)
Other reconciling items, net	-	(161)	(4,547)	-	-	(4,708)
Changes in operating assets and liabilities, net
of acquisitions and dispositions:
Accounts receivable	-	275	(76,669)	(13,406)	-	(89,800)
Inventory and other current assets	-	163	89,302	(3,778)	-	85,687
Accounts payable	-	2,001	18,928	(626)	-	20,303
Accrued expenses	38	(595)	1,735	7,181	-	8,359
Decommissioning liabilities	-	-	(1,759)	-	-	(1,759)
Income taxes	13,536	-	-	(3,026)	-	10,510
Other, net	(1,417)	(3,143)	21,280	4,086	-	20,806

Net cash provided by (used in) operating activities	(15,737)	(65,015)	516,928	19,797	-	455,973

Cash flows from investing activities:
Payments for capital expenditures	-	-	(218,726)	(104,518)	-	(323,244)
Acquisitions of businesses, net of cash acquired	-	-	(56,560)	(219,517)	-	(276,077)
Proceeds from sale of business	-	-	5,250	-	-	5,250
Other	-	2,387	(11,537)	(252)	-	(9,402)
Intercompany receivables/payables	12,359	(102,093)	(234,733)	324,467	-	-

Net cash provided by (used in) investing activities	12,359	(99,706)	(516,306)	180	-	(603,473)

Cash flows from financing activities:
Proceeds from revolving line of credit	-	575,867	-	-	-	575,867
Payments on revolving line of credit		(577,867)				(577,867)
Principal payments on long-term debt	-	-	-	(810)	-	(810)
Payment of debt issuance costs	-	(5,182)	-	-	-	(5,182)
Proceeds from exercise of stock options	927	-	-	-	-	927
Excess tax benefit from stock-based compensation	560	-	-	-	-	560
Proceeds from issuance of stock through employee benefit plans	1,891	-	-	-	-	1,891
Other	-	-	-	(3,443)	-	(3,443)

Net cash provided by (used in) financing activities	3,378	(7,182)	-	(4,253)	-	(8,057)

Effect of exchange rate changes on cash	-	-	-	(221)	-	(221)

Net increase (decrease) in cash and cash equivalents	-	(171,903)	622	15,503	-	(155,778)

Cash and cash equivalents at beginning of period	-	171,903	4,871	29,731	-	206,505

Cash and cash equivalents at end of period	$ -	$ -	$ 5,493	$ 45,234	$ -	$ 50,727