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Document And Entity Information
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3 Months Ended | |
|---|---|---|
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Mar. 31, 2013
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Apr. 19, 2013
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| Document And Entity Information [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Mar. 31, 2013 | |
| Document Fiscal Period Focus | Q1 | |
| Document Fiscal Year Focus | 2013 | |
| Entity Registrant Name | HELIX ENERGY SOLUTIONS GROUP INC | |
| Entity Central Index Key | 0000866829 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Filer Category | Large Accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 105,935,517 |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for current assets (assets with expected useful life shorter than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for noncurrent assets (assets with expected useful life longer than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total amount included in cost of uncompleted contracts in excess of related billings, or unbilled accounts receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of the sum of short-term debt and current maturities of long-term debt and capital lease obligations, which are due within one year (or one business cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Carrying value as of the balance sheet date of current obligations (due less than one year or one operating cycle, if longer) arising from the sale, disposal or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value of noncurrent obligations (due more than one year or one operating cycle, whichever is longer) relating to the sale, disposal or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation), as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Gross amount of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Unbilled amounts due for services rendered or to be rendered, actions taken or to be taken, or a promise to refrain from taking certain actions in accordance with the terms of a legally binding agreement between the entity and, at a minimum, one other party. An example would be amounts associated with contracts or programs where the recognized revenue for performance thereunder exceeds the amounts billed under the terms thereof as of the date of the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified |
Mar. 31, 2013
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Dec. 31, 2012
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|---|---|---|
| Current assets: | ||
| Allowance for uncollectible accounts | $ 5,154 | $ 5,152 |
| Shareholders' equity: | ||
| Common stock, par value | ||
| Common stock, shares authorized | 240,000,000 | 240,000,000 |
| Common stock, shares issued | 105,939,000 | 105,763,000 |
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Issuance value per share of no-par value common stock; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2013
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Mar. 31, 2012
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| Net revenues: | ||
| Net revenues | $ 197,429 | $ 229,842 |
| Cost of sales: | ||
| Cost of sales | 144,862 | 157,359 |
| Gross profit | 52,567 | 72,483 |
| Loss on commodity derivative contracts | (14,113) | |
| Selling, general and administrative expenses | (23,216) | (22,415) |
| Income from operations | 15,238 | 50,068 |
| Equity in earnings of investments | 610 | 407 |
| Net interest expense | (10,323) | (14,477) |
| Loss on early extinguishment of long term debt | (2,882) | (17,127) |
| Other income (expense), net | (3,684) | 70 |
| Other income - oil and gas | 2,818 | |
| Income (loss) before income taxes | 1,777 | 18,941 |
| Income tax provision (benefit) | 443 | 1,278 |
| Income (loss) from continuing operations | 1,334 | 17,663 |
| Income (loss) from discontinued operations, net of tax | 1,058 | 48,853 |
| Net income (loss), including noncontrolling interests | 2,392 | 66,516 |
| Less net income applicable to noncontrolling interests | (777) | (789) |
| Net income (loss) applicable to Helix | $ 1,615 | $ 65,727 |
| Basic earnings per share of common stock: | ||
| Continuing operations | $ 0.01 | $ 0.16 |
| Discontinued operations | $ 0.01 | $ 0.46 |
| Net income per common share | $ 0.02 | $ 0.62 |
| Diluted earnings per share of common stock: | ||
| Continuing operations | $ 0.01 | $ 0.16 |
| Discontinued operations | $ 0.01 | $ 0.46 |
| Net income per common share | $ 0.02 | $ 0.62 |
| Weighted average common shares outstanding: | ||
| Basic | 105,032 | 104,530 |
| Diluted | 105,165 | 104,989 |
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of open agreements to purchase or sell mineral resources, energy, and agricultural products at some future point held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Consolidated Statements of Comprehensive Income [Abstract] | ||
| Net income, including noncontrolling interests | $ 2,392 | $ 66,516 |
| Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||
| Unrealized loss on hedges arising during the period | (11,285) | (21,318) |
| Reclassification adjustments for loss included in net income | 150 | 84 |
| Income taxes on unrealized losses on hedges | 3,897 | 7,432 |
| Unrealized loss on hedges, net of tax | (7,238) | (13,802) |
| Foreign currency translation gain (loss) | (11,081) | 4,152 |
| Other comprehensive loss, net of taxes | (18,319) | (9,650) |
| Comprehensive income (loss) | (15,927) | 56,866 |
| Less comprehensive income applicable to noncontrolling interests | (777) | (789) |
| Comprehensive income (loss) applicable to Helix | $ (16,704) | $ 56,077 |
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount after tax, before reclassification adjustments, resulting from the process of expressing in the reporting currency of the reporting entity those amounts that are denominated or measured in a different currency, and from transactions whose terms are denominated in a currency other than the entity's functional currency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Net of tax and reclassification adjustments amount of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Tax effect, net of reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Net of tax amount of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Before tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Before tax amount of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
|
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Cash flows from operating activities: | ||
| Net income, including noncontrolling interests | $ 2,392 | $ 66,516 |
| Adjustments to reconcile net income (loss), including noncontrolling interests to net cash provided by operating activities | ||
| Less: Income from discontinued operations, net of tax | (1,058) | (48,853) |
| Depreciation and amortization | 24,380 | 24,649 |
| Amortization of deferred financing costs | 1,472 | 1,611 |
| Stock-based compensation expense | 3,353 | 1,838 |
| Amortization of debt discount | 1,278 | 2,355 |
| Deferred income taxes | 16,784 | (2,673) |
| Excess tax from stock-based compensation | (617) | 340 |
| Loss on early extinguishment of debt | 2,882 | 17,127 |
| Unrealized gain and ineffectiveness on derivative contracts, net | 969 | 114 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 3,714 | 6,835 |
| Other current assets | 12,577 | 10,483 |
| Income tax payable | (20,283) | 23,233 |
| Accounts payable and accrued liabilities | (48,765) | (35,987) |
| Oil and gas asset retirement costs | (240) | (5,367) |
| Other noncurrent, net | (7,005) | (4,056) |
| Net cash provided by (used in) operating activities | (8,167) | 58,165 |
| Net cash provided (used in) by discontinued operations | (30,503) | 75,640 |
| Net cash provided by (used in) operating activities | (38,670) | 133,805 |
| Cash flows from investing activities: | ||
| Capital expenditures | (36,455) | (82,962) |
| Distributions from equity investments, net | 2,050 | 5,943 |
| Net cash provided by (used in) investing activities | (34,405) | (77,019) |
| Net cash used in discontinued operations | 582,965 | (17,860) |
| Net cash provided by (used in) investing activities | 548,560 | (94,879) |
| Cash flows from financing activities: | ||
| Early extinguishment of Senior Unsecured Notes | (209,500) | |
| Borrowing under revolving credit facility | 2,573 | 100,000 |
| Repayment of revolving credit facility | (24,473) | |
| Issuance of Convertible Senior Notes due 2032 | 200,000 | |
| Repurchase of Convertible Senior Notes due 2025 | (3,487) | (143,945) |
| Proceeds from Term Loan A | 100,000 | |
| Repayment of Term Loan | (294,882) | (750) |
| Repayment of MARAD borrowings | (2,529) | (2,409) |
| Deferred financing costs | (41) | (6,337) |
| Distributions to noncontrolling interest | (1,037) | |
| Repurchases of common stock | (1,473) | (991) |
| Excess tax from stock-based compensation | 617 | (340) |
| Exercise of stock options, net and other | 174 | 381 |
| Net cash provided by (used in) financing activities | (324,558) | 36,109 |
| Effect of exchange rate changes on cash and cash equivalents | 3,218 | (1,051) |
| Net increase in cash and cash equivalents | 188,550 | 73,984 |
| Cash and cash equivalents: | ||
| Balance, beginning of year | 437,100 | 546,465 |
| Balance, end of period | $ 625,650 | $ 620,449 |
| X | ||||||||||
|
- Definition
Borrowing under revolving credit facility No definition available.
|
| X | ||||||||||
|
- Definition
The amount of dividends or distributions received from unconsolidated subsidiaries, net of earnings. No definition available.
|
| X | ||||||||||
|
- Definition
Repayment of revolving credit facility No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflows from the payment of collateralized debt obligation (backed by a lien on the entity's assets) to MARAD, a U.S. governmental agency. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
This element represents cash provided by or used in the investing activities of the entity's discontinued operations during the period. This element is only used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling to cash provided by or used in investing activities reflect only cash flows attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
This element represents cash provided by or used in the operating activities of the entity's discontinued operations during the period. This element is only used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling to cash provided by or used in operating activities reflect only cash flows attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow for the extinguishment of long-term borrowing, with the highest claim on the assets of the entity in case of bankruptcy or liquidation, before its maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of excess tax benefit (tax deficiency) that arises when compensation cost from non-qualified share-based compensation recognized on the entity's tax return exceeds (is less than) compensation cost from equity-based compensation recognized in financial statements. Excess tax benefit (tax deficiency) increases (decreases) net cash provided by financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of excess tax benefit (tax deficiency) that arises when compensation cost from non-qualified equity-based compensation recognized on the entity's tax return exceeds (is less than) compensation cost from equity-based compensation recognized in financial statements. Excess tax benefit (tax deficiency) reduces (increases) net cash provided by operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the carrying amount of asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
Amount of net cash from (used in) the entity's investing activities, excluding cash flows derived by the entity from its discontinued operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of net cash from (used in) the entity's continuing operations, excluding cash flows derived by the entity from its discontinued operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow to return capital to noncontrolled interest, which generally occurs when noncontrolling shareholders reduce their ownership stake (in a subsidiary of the entity). This element does not include dividends paid to noncontrolling shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash inflow from other long-term borrowings not otherwise defined in the taxonomy (with maturities initially due beyond one year or the normal operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow from the repayment of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Basis Of Presentation and Recent Accounting Standards
|
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| Organization [Abstract] | |
| Basis Of Presentation | HELIX ENERGY SOLUTIONS GROUP, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
Note 1 — Basis of Presentation and Recent Accounting Standards
The accompanying condensed consolidated financial statements include the accounts of Helix Energy Solutions Group, Inc. and its majority-owned subsidiaries (collectively, "Helix" or the "Company"). Unless the context indicates otherwise, the terms "we," "us" and "our" in this report refer collectively to Helix and its majority-owned subsidiaries. All material intercompany accounts and transactions have been eliminated. These unaudited condensed consolidated financial statements have been prepared pursuant to instructions for the Quarterly Report on Form 10-Q required to be filed with the Securities and Exchange Commission (“SEC”), and do not include all information and footnotes normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles.
The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistent in all material respects with those applied in our 2012 Annual Report on Form 10-K (“2012 Form 10-K”). The preparation of these financial statements requires us to make estimates and judgments that affect the amounts reported in the financial statements and the related disclosures. Actual results may differ from our estimates. Management has reflected all adjustments (which were normal recurring adjustments unless otherwise disclosed herein) that it believes are necessary for a fair presentation of the condensed consolidated balance sheets, statements of operations, statements of comprehensive income (loss), and statements of cash flows, as applicable. The operating results for the three-month period ended March 31, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. Our balance sheet as of December 31, 2012 included herein has been derived from the audited balance sheet as of December 31, 2012 included in our 2012 Form 10-K. These unaudited condensed consolidated financial statements should be read in conjunction with the annual audited consolidated financial statements and notes thereto included in our 2012 Form 10-K.
Certain reclassifications were made to previously reported amounts in the condensed consolidated financial statements and notes thereto to make them consistent with the current presentation format. The most significant of these reclassifications are associated with our discontinued operations. As noted in Note 2, we exited our oil and gas business in February 2013 upon the sale of our former wholly-owned subsidiary, Energy Resource Technology GOM, Inc. (“ERT”).
In December 2011, the FASB issued ASU No. 2011-11, “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). Offsetting, otherwise known as netting, is the presentation of assets and liabilities as a single net amount in the statement of financial position (balance sheet). U.S. GAAP allows companies the option to present net in their balance sheets derivatives that are subject to a legally enforceable netting arrangement with the same party where rights of set-off are only available in the event of default or bankruptcy. ASU 2011-11 requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of ASU 2011-11 did not have any material impact on our consolidated financial statements.
In February 2013, the FASB issued ASU No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”). ASU 2013-02 requires companies to provide information about the amounts that are reclassified out of accumulated other comprehensive income either by the respective line items of net income or by cross-reference to other required disclosures. This guidance is effective prospectively for fiscal years beginning after December 15, 2012. We adopted ASU 2013-02 on January 1, 2013. The adoption of this guidance did not have any material impact on our consolidated financial statements. We have presented the information required by the guidance in Note 16.
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| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Company Overview
|
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| Company Overview [Abstract] | |
| Company Overview | Note 2 — Company Overview
We are an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on growing well intervention and robotics operations. In February 2013, we completed the sale of ERT, our former wholly-owned subsidiary that conducted our oil and gas operations in the U.S., for $624 million plus consideration in the form of overriding royalty interests in ERT’s Wang well and certain other of its future exploration prospects. We used $318.4 million of the sales proceeds to reduce our indebtedness under our Credit Agreement (Note 7) and we are using the remainder in our continuing operations, including supporting the expansion of our well intervention and robotics operations.
Contracting Services Operations
We seek to provide services and methodologies that we believe are critical to developing offshore reservoirs and maximizing production economics. Our “life of field” services are segregated into four disciplines: well intervention, robotics, subsea construction and production facilities. We have disaggregated our contracting services operations into two reportable segments: Contracting Services and Production Facilities. Our Contracting Services segment includes well intervention, robotics and subsea construction operations (see below for disclosure regarding the planned dispositions of our remaining subsea construction vessels and related assets). Our Production Facilities business includes our majority ownership of the Helix Producer I (“HP I”) vessel as well as our equity investments in Deepwater Gateway, L.L.C. (“Deepwater Gateway”) and Independence Hub, LLC (“Independence Hub”) (Note 6). It also includes the Helix Fast Response System (“HFRS”), which includes access to our Q4000 and HP I vessels.
In October 2012, we entered into an agreement to sell our two remaining pipelay vessels, the Express and the Caesar, and other related pipelay equipment for a total sales price of $238.3 million, of which we have received a $50 million deposit that is only refundable in very limited circumstances. The sales of these vessels are expected to close in July 2013 following the completion of each vessel’s backlog of work.
Discontinued Operations
In December 2012, we announced a definitive agreement for the sale of ERT. On February 6, 2013, we sold ERT for $624 million plus consideration in the form of overriding royalty interests in ERT’s Wang well and certain other of its future exploration prospects. As a result, we have presented the assets and liabilities included in the sale of ERT and the historical operating results of our former Oil and Gas segment as discontinued operations in the accompanying condensed consolidated financial statements. See Note 4 for additional information regarding our discontinued oil and gas operations.
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Details Of Certain Accounts
|
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
|
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| Details Of Certain Accounts [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Details Of Certain Accounts | Note 3 — Details of Certain Accounts
Other current assets consist of the following (in thousands):
Other assets, net, consist of the following (in thousands):
Accrued liabilities consist of the following (in thousands):
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The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. No definition available.
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Oil And Gas Properties
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Mar. 31, 2013
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| Oil And Gas Properties [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oil And Gas Properties | Note 4 — Oil and Gas Properties
Results of Discontinued Operations
The following summarized financial information relates to ERT, which is reported as “Income from discontinued operations, net of tax” in the accompanying condensed consolidated statements of operations:
(1) Results for the first quarter of 2013 were through February 6, 2013 when ERT was sold.
(2) Net interest expense of $2.7 million and $7.2 million for the three-month periods ended March 31, 2013 and 2012, respectively, was allocated to ERT primarily based on interest associated with indebtedness directly attributed to the substantial oil and gas acquisition made in 2006. This includes interest related to debt required to be paid upon the disposition of ERT.
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Disclosure of material oil and gas activities. No definition available.
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Statement Of Cash Flow Information
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| Statement Of Cash Flow Information | Note 5 — Statement of Cash Flow Information
We define cash and cash equivalents as cash and all highly liquid financial instruments with original maturities of three months or less. The following table provides supplemental cash flow information (in thousands):
Total non-cash investing activities for the three-month periods ended March 31, 2013 and 2012 included $23.3 million and $21.0 million, respectively, of accruals for property and equipment capital expenditures.
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Equity Investments
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Mar. 31, 2013
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| Equity Investments | Note 6 — Equity Investments
As of March 31, 2013, we had two investments that we account for using the equity method of accounting: Deepwater Gateway and Independence Hub, both of which are included in our Production Facilities segment.
Deepwater Gateway, L.L.C. In June 2002, we, along with Enterprise Products Partners L.P. (”Enterprise”), formed Deepwater Gateway, each with a 50% interest, to design, construct, install, own and operate a tension leg platform production hub primarily for Anadarko Petroleum Corporation's Marco Polo field in the Deepwater Gulf of Mexico. Our investment in Deepwater Gateway totaled $90.2 million and $91.4 million as of March 31, 2013 and December 31, 2012, respectively (including capitalized interest of $1.3 million and $1.3 million at March 31, 2013 and December 31, 2012, respectively).
Independence Hub, LLC. In December 2004, we acquired a 20% interest in Independence Hub, an affiliate of Enterprise. Independence Hub owns the "Independence Hub" platform located in Mississippi Canyon Block 920 in a water depth of 8,000 feet. Our investment in Independence Hub was $75.3 million and $76.2 million as of March 31, 2013 and December 31, 2012, respectively (including capitalized interest of $4.5 million and $4.6 million at March 31, 2013 and December 31, 2012, respectively).
We received the following distributions from our equity investments (in thousands):
As disclosed in our 2012 Form 10-K, in the first quarter of 2012, we recorded losses totaling $3.8 million associated with our investment in an Australian joint venture, including a $3.0 million fee paid in connection with our exit from the joint venture. In April 2012, we paid this fee and received approximately $3.7 million of proceeds for our pro rata portion (50%) of the value of certain of the net assets on hand at the time of our exit. We are no longer a participant in this joint venture.
The summarized aggregated financial information related to the subsidiaries we record using the equity method is as follows (in thousands):
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The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt
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Mar. 31, 2013
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| Long-Term Debt | Note 7 — Long-Term Debt
Scheduled maturities of long-term debt outstanding as of March 31, 2013 are as follows (in thousands):
(1) Amounts reflect our remaining Term Loan debt. In February 2013, we repaid $293.9 million of our Term Loan debt and $24.5 million under our Revolving Credit Facility with the after-tax proceeds from the sale of ERT.
(2) Beginning in March 2018, the holders of these Convertible Senior Notes may require us to repurchase these notes or we may at our own option elect to repurchase notes. These notes will mature in March 2032.
(3) The notes will increase to their principal amount through accretion of non-cash interest charges through March 2018 for the Convertible Senior Notes due 2032.
Included below is a summary of certain components of our indebtedness. For additional information regarding our debt, see Note 7 of our 2012 Form 10-K.
Senior Unsecured Notes
In December 2007, we issued $550 million of 9.5% Senior Unsecured Notes due 2016 (“Senior Unsecured Notes”). Interest on the Senior Unsecured Notes is payable semi-annually in arrears on each January 15 and July 15, commencing July 15, 2008. The Senior Unsecured Notes are fully and unconditionally guaranteed by substantially all of our existing restricted domestic subsidiaries, except for Cal Dive I-Title XI, Inc. In addition, any future restricted domestic subsidiaries that guarantee any of our indebtedness and/or our restricted subsidiaries’ indebtedness are required to guarantee the Senior Unsecured Notes. Our foreign subsidiaries are not guarantors of the notes. Prior to stated maturity, we may redeem all or a portion of the Senior Unsecured Notes on no less than 30 days’ and no more than 60 days’ prior notice at the redemption prices (expressed as percentages of the principal amount) set forth below, plus accrued and unpaid interest thereon, if any, to the applicable redemption date.
In March 2012, we purchased a portion of these Senior Unsecured Notes which resulted in an early extinguishment of $200.0 million of our outstanding balance. In these transactions we paid an aggregate amount of $213.5 million, including $200.0 million in principal, a $9.5 million premium and $4.0 million of accrued interest. We also recorded a $2.0 million charge to accelerate a pro rata portion of the deferred financing costs associated with the original issuance of the Senior Unsecured Notes. The loss on the early extinguishment of these Senior Unsecured Notes totaled $11.5 million and is reflected as a component of “Loss on early extinguishment of long-term debt” in the accompanying condensed consolidated statements of operations. We had $275.0 million of Senior Unsecured Notes outstanding at March 31, 2013 and December 31, 2012.
Credit Agreement
In July 2006, we entered into a credit agreement (the “Credit Agreement”) under which we borrowed $835 million in a term loan (the “Term Loan B”) and were able to borrow up to $300 million (the “Revolving Loans”) under a revolving credit facility (the “Revolving Credit Facility”). The Credit Agreement has been amended eight times, with the most recent amendment occurring in February 2013. These amendments address certain issues with regard to covenants, maturity and the borrowing limits under the Term Loan and the Revolving Loans. The February 2013 amendment was entered into to waive certain year end oil and gas reporting requirements and covenant compliance as a result of the sale of ERT.
In February 2013, we repaid $293.9 million of our Term Loan debt (including the entire outstanding balance of the Term Loan B) and $24.5 million under our Revolving Credit Facility with the after-tax proceeds from the sale of ERT. At March 31, 2013, the remaining balance of our Term Loan debt was $72.3 million. In connection with the repayment of debt in February 2013, we recorded a $2.9 million charge to accelerate a pro rata portion of the deferred financing costs associated with our Term Loan debt. This charge is reflected as a component of “Loss on early extinguishment of long-term debt” in the accompanying condensed consolidated statements of operations.
Our Term Loan debt currently bears interest at the one-, two-, three- or six-month LIBOR or on Base Rates at our current election plus an applicable margin between 2.25% and 3.5% depending on our consolidated leverage ratio. The average interest rates on our Term Loan debt were 3.3% for the three-month period ended March 31, 2013 and 4.0% (including the effects of our interest rate swaps) for the same period last year. The Term Loan is currently scheduled to mature on July 1, 2015 but could be extended to January 1, 2016 if our Senior Unsecured Notes are fully repaid or refinanced by July 1, 2015.
As amended, our Revolving Credit Facility provides for $600 million in borrowing capacity. The full amount of the Revolving Credit Facility may be used for issuances of letters of credit. These letters of credit guarantee items such as various contract bidding, contractual performance, insurance activities and shipyard commitments. The Revolving Loans bear interest based on one-, two-, three- or six-month LIBOR rates or on Base Rates at our current election, plus an applicable margin. The margin ranges from 1.5% to 3.5%, depending on our consolidated leverage ratio. Fees associated with outstanding letters of credit range from 2.0% to 3.0%, depending on our consolidated leverage ratio. We also pay a fixed commitment fee of 0.5% on the unused portion of our Revolving Credit Facility. We had $78.1 million and $100.0 million drawn on the Revolving Credit Facility at March 31, 2013 and December 31, 2012, respectively. At March 31, 2013, our availability under the Revolving Credit Facility totaled $513.9 million, net of $8.0 million of letters of credit issued. The average interest rate for the outstanding balance under the Revolving Credit Facility totaled 3.0% during the three-month period ended March 31, 2013.
We may elect to prepay amounts outstanding under the Term Loan without penalty, but may not reborrow any amounts paid. We may repay amounts outstanding under the Revolving Loans without penalty, and may reborrow amounts paid prior to maturity. In addition, upon the occurrence of certain dispositions or the issuance or incurrence of certain types of indebtedness, we may be required to repay a portion of the Term Loan debt and borrowings under the Revolving Credit Facility equal to the amount of proceeds received from such occurrences (in the event of a disposition of assets comprising collateral, 60% of the after-tax proceeds). Such payments would be applied to the Term Loan and the Revolving Credit Facility on a pro rata basis.
The Credit Agreement contains various covenants regarding, among other things, collateral, capital expenditures, investments, dispositions, indebtedness and financial performance that are customary for this type of financing and for companies in our industry.
Convertible Senior Notes Due 2025
In March 2005, we issued $300 million of 3.25% Convertible Senior Notes due 2025 at 100% of the principal amount to certain qualified institutional buyers (“2025 Notes”).
In March 2012, we repurchased $142.2 million in aggregate principal of the 2025 Notes. In these repurchase transactions we paid an aggregate amount of $145.1 million, representing principal plus $1.8 million of premium and $1.1 million of accrued interest. The loss on the early extinguishment of the 2025 Notes totaled $5.6 million and is reflected as a component of “Loss on early extinguishment of long-term debt” in the accompanying condensed consolidated statements of operations. The loss on early extinguishment includes the acceleration of $3.5 million of unamortized discount associated with the 2025 Notes, the $1.8 million premium paid in connection with the repurchase of a portion of the 2025 Notes and a $0.3 million charge to accelerate a pro rata portion of the deferred financing costs associated with the original issuance of the 2025 Notes. The remainder of the 2025 Notes was extinguished when the holders exercised their option for us to repurchase their notes in December 2012 ($154.3 million) and in February 2013 when we repurchased the remaining $3.5 million of the 2025 Notes that were not put to us by the holders in December 2012.
Convertible Senior Notes Due 2032
In March 2012, we completed the public offering and sale of $200.0 million in aggregate principal amount of 3.25% Convertible Senior Notes due 2032 (“2032 Notes”). The net proceeds from the issuance of the 2032 Notes were $195.0 million, after deducting the underwriter’s discounts and commissions and offering expenses. We used the net proceeds to repurchase and retire $142.2 million of aggregate principal amount of the 2025 Notes (see above) in separate, privately negotiated transactions. The remaining net proceeds were used for general corporate purposes, including the repayment of other indebtedness.
The registered 2032 Notes bear interest at a rate of 3.25% per annum, and are payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2012. The 2032 Notes will mature on March 15, 2032, unless earlier converted, redeemed or repurchased by us. The 2032 Notes are convertible in certain circumstances and during certain periods at an initial conversion rate of 39.9752 shares of common stock per $1,000 principal amount of the 2032 Notes (which represents an initial conversion price of approximately $25.02 per share of common stock), subject to adjustment in certain circumstances as set forth in the indenture governing the 2032 Notes. The initial conversion price represents a conversion premium of 35.0% over the closing price of our common stock on March 6, 2012, which was $18.53 per share.
Prior to March 20, 2018, the 2032 Notes will not be redeemable. On or after March 20, 2018, we may, at our option, redeem some or all of the 2032 Notes in cash, at any time, upon at least 30 days’ notice at a price equal to 100% of the principal amount plus accrued and unpaid interest (including contingent interest, if any) up to but excluding the redemption date. Holders may require us to purchase in cash some or all of their 2032 Notes at a repurchase price equal to 100% of the principal amount of the 2032 Notes, plus accrued and unpaid interest (including contingent interest, if any) up to but excluding the applicable repurchase date, on March 15, 2018, March 15, 2022 and March 15, 2027, or, subject to specified exceptions, at any time prior to the 2032 Notes’ maturity following a fundamental change (as defined in the governing indenture).
In connection with the issuance of the 2032 Notes, we recorded a discount of $35.4 million as required under existing accounting rules. To arrive at this discount amount, we estimated the fair value of the liability component of the 2032 Notes as of the date of their issuance (March 12, 2012) using an income approach. To determine this estimated fair value, we used borrowing rates of similar market transactions involving comparable liabilities at the time of issuance and an expected life of 6.0 years. In selecting the expected life, we selected the earliest date that the holders could require us to repurchase all or a portion of the 2032 Notes (March 15, 2018). The effective interest rate for the 2032 Notes is 6.9% after considering the effect of the accretion of the related debt discount that represented the equity component of the 2032 Notes at their inception.
This U.S. government guaranteed financing ("MARAD Debt") is pursuant to Title XI of the Merchant Marine Act of 1936 administered by the Maritime Administration, and was used to finance the construction of the Q4000. The MARAD Debt is payable in equal semi-annual installments beginning in August 2002 and matures 25 years from such date. The MARAD Debt is collateralized by the Q4000, is guaranteed 50% by us, and initially bore interest at a floating rate which approximated AAA Commercial Paper yields plus 20 basis points. As provided for in the MARAD Debt agreements, in September 2005, we fixed the interest rate on the debt through the issuance of a 4.93% fixed-rate note with the same maturity date (February 2027).
Other
In accordance with our Credit Agreement, Senior Unsecured Notes, 2032 Notes and MARAD Debt agreements, we are required to comply with certain covenants, including the maintenance of minimum net worth, working capital and debt-to-equity requirements, and restrictions that limit our ability to incur certain types of additional indebtedness. As of March 31, 2013, we were in compliance with these covenants and restrictions.
Unamortized deferred financing costs are included in “Other assets, net” in the accompanying condensed consolidated balance sheets and are being amortized over the life of the respective debt agreements. The following table reflects the components of our deferred financing costs (in thousands):
The following table details our interest expense and capitalized interest (in thousands):
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The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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| Income Taxes | Note 8 — Income Taxes
The effective tax rates for the three-month periods ended March 31, 2013 and 2012 were 24.9% and 6.7%, respectively. The variance is primarily attributable to projected year over year increases in profitability in the United States.
We believe our recorded assets and liabilities are reasonable; however, tax laws and regulations are subject to interpretation and tax litigation is inherently uncertain, and therefore our assessments can involve a series of complex judgments about future events and rely heavily on estimates and assumptions. Income taxes have been provided based on the U.S. statutory rate of 35% and at the local statutory rate for each foreign jurisdiction adjusted for items which are allowed as deductions for federal and foreign income tax reporting purposes, but not for book purposes. The primary differences between the statutory rate and our effective rate from continuing operations are as follows:
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The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Shareholders' Equity
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| Accumulated Other Comprehensive Loss Note Disclosure | Note 9 — Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss are as follows (in thousands):
(1) Amount at March 31, 2013 is related to foreign currency hedges for the Grand Canyon, Grand Canyon II and Grand Canyon III and is net of deferred income taxes totaling $3.9 million.
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The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share
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Mar. 31, 2013
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share | Note 10 — Earnings Per Share
We have shares of restricted stock issued and outstanding, some of which remain subject to vesting requirements. Holders of such shares of unvested restricted stock are entitled to the same liquidation and dividend rights as the holders of our outstanding common stock and are thus considered participating securities. Under applicable accounting guidance, the undistributed earnings for each period are allocated based on the participation rights of both the common shareholders and holders of any participating securities as if earnings for the respective periods had been distributed. Because both the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis. Further, we are required to compute earnings per share (“EPS”) amounts under the two class method in periods in which we have earnings from continuing operations. For periods in which we have a net loss we do not use the two class method as holders of our restricted shares are not contractually obligated to share in such losses.
The presentation of basic EPS amounts on the face of the accompanying condensed consolidated statements of operations is computed by dividing the net income applicable to Helix common shareholders by the weighted average shares of outstanding common stock. The calculation of diluted EPS is similar to basic EPS, except that the denominator includes dilutive common stock equivalents and the income included in the numerator excludes the effects of the impact of dilutive common stock equivalents, if any. The computations of the numerator (Income) and denominator (Shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying condensed consolidated statements of operations are as follows (in thousands):
No diluted shares were included for the 2032 Notes for the three-month periods ended March 31, 2013 and 2012 as the conversion trigger of $32.53 per share was not met, and because we have the right to settle any such future conversions in cash at our sole discretion (Note 7). There were no diluted shares associated with our 2025 Convertible Senior Notes as the conversion price of $32.14 (and conversion trigger of $38.57 per share) was not met in the three-month periods ended March 31, 2013 and 2012.
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit Plans
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Mar. 31, 2013
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| Employee Benefit Plans [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee Benefit Plans | Note 11 — Employee Benefit Plans
Stock-Based Compensation Plan
We have two stock-based compensation plans: the 1995 Long-Term Incentive Plan, as amended (the “1995 Incentive Plan”) and the 2005 Long-Term Incentive Plan, as amended (the “2005 Incentive Plan”). As of March 31, 2013, there were 6.4 million shares available for issuance under the amended and restated 2005 Incentive Plan, which includes a maximum of 2.0 million shares that may be granted as incentive stock options. There were no stock option grants in the three-month periods ended March 31, 2013 and 2012. During the three-month period ended March 31, 2013, the following grants of share-based awards were made to executive officers and non-employee members of our Board of Directors under the amended and restated 2005 Incentive Plan:
(1) Reflects the grant of restricted shares to our executive officers.
(2) Reflects the grant of performance share units (“PSUs”) to our executive officers. The estimated fair value of the PSUs on grant date was determined using a Monte Carlo simulation model. The PSUs provide for an award based on the performance of our common stock over a three-year period with the maximum award being 200% of the original awarded PSUs and the minimum amount being zero. The vested PSUs will be settled in an equivalent number of shares of our common stock unless the Compensation Committee of our Board of Directors elects to pay in cash.
(3) Reflects the grant of restricted shares to one of our directors.
Compensation cost is recognized over the respective vesting periods on a straight-line basis. For the three-month periods ended March 31, 2013 and 2012, $3.4 million and $1.8 million, respectively, were recognized as stock-based compensation expense related to share-based awards. Additionally during the three-month period ended March 31, 2013, $1.3 million of stock-based compensation expense was reflected within our discontinued operations as a component of “Loss on sale of business, net of tax” (Note 4).
Long-Term Incentive Cash Plan
The 2005 Incentive Plan and the 2009 Long-Term Incentive Cash Plan (the “LTI Plans”) provide long-term cash-based compensation to eligible employees. Cash awards historically have been both fixed sum amounts payable (for non-executive management only) as well as cash awards indexed to our common stock with the payment amount at each vesting date fluctuating based on the performance of our common stock (for both executive and non-executive management). These are measured based on the performance of our stock price over the applicable award period compared to a base price determined by the Compensation Committee of our Board of Directors at the time of the award. Cash award payments under the LTI Plans are made each year on the anniversary date of the award. Cash awards granted prior to 2012 have a vesting period of five years and cash awards granted in 2012 and 2013 have a vesting period of three years. This share-based component is considered a liability plan and as such is re-measured to fair value each reporting period with corresponding changes being recorded as a charge to earnings as deemed appropriate.
The cash awards made under the LTI Plans totaled $5.9 million in 2013 and $4.2 million in 2012. Such awards were made to our executive officers and selected management employees in 2013 and to our executive officers in 2012. No cash awards were given to non-executive employees in 2012. Total compensation expense associated with the cash awards issued pursuant to the LTI Plans was $2.5 million ($1.6 million related to our executive officers) and $2.4 million ($2.0 million related to our executive officers) for the three-month periods ended March 31, 2013 and 2012, respectively. The liability balance for the cash awards issued under the LTI Plans was $8.3 million at March 31, 2013 and $13.0 million at December 31, 2012, including $7.5 million at March 31, 2013 and $11.7 million at December 31, 2012 associated with the variable portion of the cash awards issued under the LTI plans.
Employee Stock Purchase Plan
In May 2012, the shareholders approved the Helix Energy Solutions Group, Inc. Employee Stock Purchase Plan (the “ESPP”). The ESPP has 1.5 million shares authorized for issuance. Eligible employees who participate in the ESPP may purchase shares of our common stock through payroll deductions on an after-tax basis over a four-month period beginning on January 1, May 1, and September 1 of each year during the term of the ESPP, subject to certain restrictions and limitations established by the Compensation Committee of our Board of Directors (which administers the ESPP) and Section 423 of the Internal Revenue Code. The per share price of common stock purchased under the ESPP is equal to 85% of the lesser of (i) its fair market value on the first trading day of the purchase period or (ii) its fair market value on the last trading day of the purchase period. The first purchase period under the ESPP began on September 1, 2012. The total value of the ESPP awards is calculated using the component approach where each award is computed as the sum of 15% of a share of non-vested stock, a call option on 85% of a share of non-vested stock, and a put option on 15% of a share of non-vested stock. Share-based compensation expense with respect to the ESPP was $0.2 million for the three-month period ended March 31, 2013.
For more information regarding our employee benefit plans, including our stock-based compensation plans, our long-term incentive cash plan and our employee stock purchase plan, see Note 9 of our 2012 Form 10-K.
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The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Business Segment Information
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Mar. 31, 2013
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| Business Segment Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Segment Information | Note 12 — Business Segment Information
In 2012, our operations were conducted through the following lines of business: contracting services and oil and gas. We have disaggregated our contracting services operations into two reportable segments: Contracting Services and Production Facilities. Our Contracting Services segment includes well intervention, robotics and subsea construction operations (see Note 2 for disclosures regarding the planned dispositions of our remaining subsea construction vessels and related assets). The Production Facilities segment includes our consolidated investment in the HP I and Kommandor LLC as well as our equity investments in Deepwater Gateway and Independence Hub that are accounted for under the equity method of accounting. All material intercompany transactions between the segments have been eliminated. In February 2013, we sold ERT and as a result, we have presented the assets and liabilities included in the sale of ERT and the historical operating results of our former Oil and Gas segment as discontinued operations in the accompanying condensed consolidated financial statements. See Note 4 for additional information regarding our discontinued operations.
We evaluate our performance based on operating income and income before income taxes of each segment. Segment assets are comprised of all assets attributable to the reportable segment. Certain financial data by reportable segment are summarized as follows (in thousands):
Intercompany segment revenues are as follows (in thousands):
Intercompany segment profits (losses) (which only relate to intercompany capital projects) are as follows (in thousands):
Segment assets are comprised of all assets attributable to each reportable segment. The following table reflected total assets by reportable segment (in thousands):
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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Related Party Transactions
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Mar. 31, 2013
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| Related Party Transactions | Note 13 — Related Party Transactions
In April 2000, we acquired a 20% working interest in Gunnison, a deepwater Gulf of Mexico prospect, from a third party. Financing for the exploratory costs of approximately $20 million was provided by an investment partnership, OKCD Investments, Ltd. (“OKCD”), the investors of which include current and former Helix management, in exchange for a revenue interest that is an overriding royalty interest of 25% of Helix’s working interest. Production began in December 2003. Our payments to OKCD totaled $0.6 million and $1.7 million in the three-month periods ended March 31, 2013 and 2012, respectively. Our Chief Executive Officer, Owen Kratz, through Class A limited partnership interests in OKCD, personally owns approximately 83% of the partnership. In 2000, OKCD also awarded Class B income participations to key Helix employees who are required to maintain their employment status with Helix in order to retain such income participations. The royalty agreement with OKCD was assumed by the purchaser of ERT following the sale of ERT in February 2013.
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The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments And Contingencies
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Mar. 31, 2013
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| Commitments And Contingencies | Note 14 — Commitments and Contingencies and Other Matters
Commitments
In March 2012, we executed a contract with a shipyard in Singapore for the construction of a newbuild semi-submersible well intervention vessel, the Q5000. This $386.5 million shipyard contract represents the majority of the expected costs associated with the construction of the Q5000. Under the terms of this contract, payments are made in a fixed percentage of the contract price, together with any variations, on contractually scheduled dates. At March 31, 2013, our total investment in the Q5000 was $142.6 million, including $115.9 million of scheduled payments made to the shipyard.
In July 2012, we contracted to charter the Skandi Constructor for use in our North Sea well intervention operations. The vessel was delivered to us on April 1, 2013. The initial term of the charter will expire in March 2016.
In August 2012, we acquired the Discoverer 534 drillship from a subsidiary of Transocean Ltd. for $85 million. The vessel, renamed the Helix 534, is currently undergoing upgrades and modifications in Singapore to render it suitable for use as a well intervention vessel. At March 31, 2013, our investment in the acquisition and subsequent upgrades to and modifications of the Helix 534 totaled $147.9 million, including related well control equipment.
In January 2013, we contracted to charter the Rem Installer for use in our robotics operations. The term of the charter will be three years from the delivery date, which is expected to be around mid-2013.
In February 2013, we contracted to charter the Grand Canyon II and Grand Canyon III for use in our robotics operations. The terms of the charters will be five years from the respective delivery dates, which are expected to be in 2014 and 2015.
Contingencies and Claims
Under terms of the ERT equity purchase agreement, we have required the buyer to provide bonding in a sufficient amount as determined by the Bureau of Ocean Energy Management (“BOEM”) to replace and allow for a full discharge of our existing guaranty to the BOEM for ERT’s lease obligations. The BOEM is in the process of reevaluating its decommissioning assessments for ERT’s deepwater lease properties in the Gulf of Mexico and as such it is currently uncertain as to the amount of bonding that will be required, and thus also the amount of collateral that the buyer will be required to post to its surety/ies to secure such bonding. To the extent that the purchaser is required to post bonding collateral in an amount greater than $100 million to obtain bonds in the aggregate amount required by the BOEM in order for the BOEM to release our guaranty of ERT’s lease obligations, we have agreed to provide incremental collateral above that amount, if and to the extent required, to the surety/ies providing bonding for ERT’s deepwater properties (the Bushwood and Phoenix fields) in the form of letter(s) of credit, up to the next $50 million of required collateral, for a period not to exceed one year from issuance of the letter(s) of credit, after which the purchaser would then be required to provide all collateral associated with the bonding requirements with respect to our former oil and gas properties. We anticipate that the BOEM will determine its assessments of decommissioning costs for our former deepwater fields in the near term and that the bonding amounts, and therefore the bonding collateral requirements, to obtain a release of our guaranty with respect to ERT’s lease obligations will be known. At the time of this filing it is uncertain whether the amount of collateral will exceed the $100 million threshold so as to require any incremental bonding collateral on our part.
In 2007, we were subcontracted to perform development work for a large gas field offshore India. Work commenced in the fourth quarter of 2007 and we completed our scope of work in the third quarter of 2009. To date we have collected approximately $303 million related to this project with an amount of trade receivables yet to be collected. We have requested arbitration in India pursuant to the terms of the subcontract to pursue our claims and the prime contractor has also requested arbitration and has asserted certain counterclaims against us. If we are not successful in resolving these matters through ongoing discussions with the prime contractor, then arbitration in India remains a potential remedy. Based on a number of factors associated with the ongoing negotiations with the prime contractor, in 2010, we established a $4 million allowance against our trade receivable balance that reduces its balance to an amount we believe is ultimately realizable. However, at the time of this filing no final commercial resolution of this matter has been reached.
We have received value added tax (VAT) assessments from the State of Andhra Pradesh, India (the “State”) in the amount of approximately $28 million for the tax years 2010, 2009, 2008 and 2007 related to an Indian subsea construction and diving contract that we entered into in December 2006. The State claims that we owe unpaid taxes related to products consumed by us during the period of the contract. We are of the opinion that the State has arbitrarily assessed this VAT tax and has no foundation for the assessment and believe that we have complied with all rules and regulations as related to VAT in the State. We also believe that our position is supported by law and intend to vigorously defend our position. However, the ultimate outcome of this assessment and our potential liability from it, if any, cannot be determined at this time. If the current assessment is upheld, it may have a material negative effect on our consolidated results of operations while also impacting our financial position.
Litigation
On July 8, 2011, a shareholder derivative lawsuit styled City of Sterling Heights Police & Fire Retirement System v. Owen Kratz, et al. was filed in the United States District Court for the Southern District of Texas, Houston Division. In the suit, the plaintiff makes claims against our Board of Directors, certain of our former directors, certain of our current and former executives, and the independent compensation consultant to the Compensation Committee of our Board of Directors, for breaches of the fiduciary duty of loyalty, unjust enrichment and aiding and abetting the alleged breaches of fiduciary duty relating to the long-term equity awards granted in 2010 to the Company’s then executive officers who are defendants. The Company filed a motion to dismiss the claim asserting that the plaintiff has not (i) pled specific facts excusing its failure to make pre-suit demand on the Company’s Board of Directors as required by Minnesota law; (ii) filed proper verification; or (iii) stated a claim. A ruling regarding the motion is pending.
On May 12, 2012, a shareholder derivative lawsuit styled Mark Lucas v. Owen Kratz, et al. was filed in the 270th Judicial District in the District Court of Harris County, Texas. In the suit, the plaintiff makes claims against our Board of Directors, certain of our former directors, certain of our current and former executive officers and the independent compensation consultant to the Compensation Committee of our Board of Directors, for breaches of the fiduciary duties of candor, good faith and loyalty, unjust enrichment and aiding and abetting the alleged breaches of fiduciary duty relating to the long-term equity awards granted in 2010 to certain of our executive officers. This case is essentially a “copycat” complaint asserting similar causes of action arising out of the same facts as set forth in the federal action described above. The plaintiff is generally demanding disgorgement of the excessive compensation, restraint on the disposition/exercise of the alleged improperly awarded equity, implementation of additional internal controls, and attorney’s fees and costs of litigation. We filed motions to stay and dismiss the proceeding, which motions were denied by the trial court judge. We filed a petition for a writ of mandamus with the state appellate court, in which we requested that court to direct the district court to grant our motion to stay or dismiss the case.
We are involved in various legal proceedings, primarily involving claims for personal injury under the General Maritime Laws of the United States and the Jones Act based on alleged negligence. In addition, from time to time we incur other claims, such as contract disputes, in the normal course of business.
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Fair Value Measurements
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| Fair Value Measurements | Note 15 — Fair Value Measurements
Certain of our financial assets and liabilities are measured and reported at fair value on a recurring basis as required under applicable accounting requirements. These requirements establish a hierarchy for inputs used in measuring fair value. The fair value is to be calculated based on assumptions that market participants would use in pricing assets and liabilities and not on assumptions specific to the entity. The statement requires that each asset and liability carried at fair value be classified into one of the following categories:
Assets and liabilities measured at fair value are based on one or more of three valuation techniques as follows:
The following table provides additional information related to other financial instruments measured at fair value on a recurring basis at March 31, 2013 (in thousands):
(1) Unless otherwise indicated, the fair value of our Level 2 derivative instruments reflects our best estimate and is based upon exchange or over-the-counter quotations whenever they are available. Quoted valuations may not be available due to location differences or terms that extend beyond the period for which quotations are available. Where quotes are not available, we utilize other valuation techniques or models to estimate market values. These modeling techniques require us to make estimations of future prices, price correlation and market volatility and liquidity based on market data. Our actual results may differ from our estimates, and these differences could be positive or negative.
(2) See Note 7 for additional information regarding our long-term debt. The fair value of our debt is as follows:
(a) In February 2013, we repaid $293.9 million of our Term Loans and $24.5 million under our Revolving Credit Facility with the after-tax proceeds from the sale of ERT. (b) Carrying value excludes the related unamortized debt discount of $30.4 million at March 31, 2013. (c ) The estimated fair value of all debt, other than the MARAD debt, was determined using Level 1 inputs using the market approach. The fair value of the MARAD debt was determined using a third party evaluation of the remaining average life and outstanding principal balance of the MARAD indebtedness as compared to other governmental obligations in the marketplace with similar terms. The fair value of the MARAD Debt was estimated using Level 2 fair value inputs using the market approach.
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments And Hedging Activities
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Mar. 31, 2013
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| Derivative Instruments And Hedging Activities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Instruments And Hedging Activities | Note 16 — Derivative Instruments and Hedging Activities
Our continuing operations are exposed to market risk associated with interest rates and foreign currency exchange rates. Our risk management activities involve the use of derivative financial instruments to hedge the impact of market risk exposure related to variable interest rates and foreign currency exchange rates. All derivatives are reflected in the accompanying condensed consolidated balance sheets at fair value, unless otherwise noted.
We engage solely in cash flow hedges. Hedges of cash flow exposure are entered into to hedge a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. Changes in the derivative fair values that are designated as cash flow hedges are deferred to the extent that the hedges are effective. These fair value changes are recorded as a component of accumulated other comprehensive income or loss (a component of shareholders’ equity) until the hedged transactions occur and are recognized in earnings. The ineffective portion of changes in the fair value of cash flow hedges is recognized immediately in earnings. In addition, any change in the fair value of a derivative that does not qualify for hedge accounting is recorded in earnings in the period in which the change occurs.
For additional information regarding our accounting for derivatives, see Notes 2 and 17 of our 2012 Form 10-K.
Interest Rate Risk
As some of our long-term debt has variable interest rates, we historically entered into interest rate swaps to stabilize cash flows related to a portion of our Term Loan debt. We de-designated all of our outstanding interest rate swaps as hedging instruments in December 2012 following the announcement of the sale of ERT. We cash settled all outstanding interest rate swap contracts in February 2013.
Foreign Currency Exchange Rate Risk
Because we operate in various regions in the world, we conduct a portion of our business in currencies other than the U.S. dollar. We entered into various foreign currency forwards to stabilize expected cash outflows relating to certain vessel charters that are denominated in British pounds and Norwegian kroner.
In January 2013, we entered into foreign currency exchange contracts to hedge the foreign currency exposure to potential variability in cash flows associated with the Grand Canyon charter payments ($104.6 million) denominated in Norwegian kroner (NOK591.3 million), through September 2017. In February 2013, we entered into similar foreign currency exchange contracts for the Grand Canyon II and Grand Canyon III charter payments ($100.4 million and $98.8 million) denominated in Norwegian kroner (NOK594.7 million and NOK595.0 million), through July 2019 and February 2020, respectively. These contracts currently qualify for hedge accounting treatment. All of our remaining foreign exchange contracts are not accounted for as hedge contracts and changes in their fair value are being marked-to-market each reporting period.
Quantitative Disclosures Related to Derivative Instruments
As a result of the announcement in December 2012 of the sale of ERT, we de-designated all of our outstanding oil and natural gas derivative contracts as hedging instruments. In addition, under the terms of our Credit Agreement (Note 7), we are required to use at a minimum 60% of the after-tax proceeds from the sales of the Caesar, the Express and ERT to make payments to reduce our Term Loan debt and borrowings under the Revolving Credit Facility. Because of the probability that the Term Loan debt would be totally repaid before the expiration of our interest rate swaps, we also concluded that the swaps no longer qualified as cash flow hedges. In February 2013, we settled all of our outstanding commodity derivative contracts and interest rate swap contracts for approximately $22.5 million and $0.6 million, respectively.
The following table presents the fair value and balance sheet classification of our derivative instruments that were not designated as hedging instruments (in thousands):
As of March 31, 2013, our only derivative instruments designated as cash flow hedges were foreign currency exchange contracts related to the Grand Canyon, Grand Canyon II and Grand Canyon III charter payments. The fair value of these hedging instruments as of March 31, 2013 totaled $11.1 million, $1.2 million of which is reflected in “Accrued liabilities” and the remaining $9.9 million of which is reflected in “Other long-term liabilities” in the accompanying condensed consolidated balance sheet. The last of these contracts will settle in February 2020.
Ineffectiveness associated with our foreign exchange contracts was immaterial for all periods presented. The following tables present the impact that derivative instruments designated as cash flow hedges had on our accumulated comprehensive income (loss) and our condensed consolidated statements of operations (in thousands).
The following table presents the impact that derivative instruments not designated as hedges had on our condensed consolidated statement of operations (in thousands):
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- Definition
The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Condensed Consolidated Guarantor And Non-Guarantor Financial Information
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| Condensed Consolidated Guarantor And Non-Guarantor Financial Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Financial Statements | Note 17 — Condensed Consolidated Guarantor and Non-Guarantor Financial Information
The payment of our obligations under the Senior Unsecured Notes is guaranteed by all of our restricted domestic subsidiaries (“Subsidiary Guarantors”) except for Cal Dive I-Title XI, Inc. Each of these Subsidiary Guarantors is included in our condensed consolidated financial statements and has fully and unconditionally guaranteed the Senior Unsecured Notes on a joint and several basis. As a result of these guaranty arrangements, we are required to present the following condensed consolidating financial information. The accompanying guarantor financial information is reported based on the equity method of accounting for all periods presented. Under this method, investments in subsidiaries are recorded at cost and adjusted for our share in the subsidiaries’ cumulative results of operations, capital contributions and distributions and other changes in equity. Elimination entries primarily relate to the elimination of investments in subsidiaries and associated intercompany balances and transactions.
HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED) (in thousands)
HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands)
HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (in thousands)
HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands)
HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands)
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The entire disclosure for condensed financial statements. No definition available.
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Mar. 31, 2013
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| Schedule of Other Current Assets |
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Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. No definition available.
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Tabular disclosure of the carrying amounts of other current assets. No definition available.
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Oil And Gas Properties (Tables)
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Mar. 31, 2013
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| Schedule of Results of Discontinued Operations |
(1) Results for the first quarter of 2013 were through February 6, 2013 when ERT was sold.
(2) Net interest expense of $2.7 million and $7.2 million for the three-month periods ended March 31, 2013 and 2012, respectively, was allocated to ERT primarily based on interest associated with indebtedness directly attributed to the substantial oil and gas acquisition made in 2006. This includes interest related to debt required to be paid upon the disposition of ERT.
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Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Statement Of Cash Flow Information (Tables)
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Equity Investments (Tables)
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Mar. 31, 2013
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| Equity Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distributions From Equity Investments |
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| Schedule Of Summarized Aggregated Financial Information Related To The Subsidiaries |
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- Definition
Schedule of distributions from equity investments [Table Text Block] No definition available.
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- Definition
Schedule Of Summarized Aggregated Financial Information Related To The Subsidiaries [Text Block] No definition available.
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Long-Term Debt (Tables)
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Mar. 31, 2013
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| Long-Term Debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Maturities Of Long-Term Debt |
(1) Amounts reflect our remaining Term Loan debt. In February 2013, we repaid $293.9 million of our Term Loan debt and $24.5 million under our Revolving Credit Facility with the after-tax proceeds from the sale of ERT.
(2) Beginning in March 2018, the holders of these Convertible Senior Notes may require us to repurchase these notes or we may at our own option elect to repurchase notes. These notes will mature in March 2032.
(3) The notes will increase to their principal amount through accretion of non-cash interest charges through March 2018 for the Convertible Senior Notes due 2032.
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| Schedule Of Redemption Price By Maturity |
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| Schedule of Deferred Financing Costs |
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| Schedule of Interest Expense And Capitalized Interest |
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- Definition
Schedule Of Interest Expenses And Capitalized Interest [Table Text Block] No definition available.
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- Definition
Schedule Of Redemption Price By Maturity [Table Text Block] No definition available.
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- Definition
Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes (Tables)
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Mar. 31, 2013
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| Income Taxes [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Effective Income Tax Rate Reconciliation |
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- Definition
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Shareholders' Equity (Tables)
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Mar. 31, 2013
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| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Components Of Accumulated Other Comprehensive Loss |
(1) Amount at March 31, 2013 is related to foreign currency hedges for the Grand Canyon, Grand Canyon II and Grand Canyon III and is net of deferred income taxes totaling $3.9 million.
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- Definition
Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Computations Of Basic And Diluted EPS |
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- Definition
Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit Plans (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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| Employee Benefit Plans [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Of Restricted Shares Granted To Executive Officers Management Employees And Non Employee Members Table |
(1) Reflects the grant of restricted shares to our executive officers.
(2) Reflects the grant of performance share units (“PSUs”) to our executive officers. The estimated fair value of the PSUs on grant date was determined using a Monte Carlo simulation model. The PSUs provide for an award based on the performance of our common stock over a three-year period with the maximum award being 200% of the original awarded PSUs and the minimum amount being zero. The vested PSUs will be settled in an equivalent number of shares of our common stock unless the Compensation Committee of our Board of Directors elects to pay in cash.
(3) Reflects the grant of restricted shares to one of our directors.
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Schedule Of Restricted Shares Granted To Executive Officers Management Employees And Non Employee Members Table [Text Block] No definition available.
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Business Segment Information (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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| Business Segment Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Of Segment Reporting Information By Segment |
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| Summary Of Intercompany Segment Revenues |
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| Intercompany Segment Gross Profit (Losses) |
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| Summary of Identifiable Assets |
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Schedule Of Intercompany Segment Gross Profit (Losses) [Table Text Block] No definition available.
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- Definition
Summary Of Intercompany Segment Revenues [Table Text Block] No definition available.
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- Definition
Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements (Tables)
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3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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| Fair Value Measurements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets And Liabilities Measured At Fair Value On A Recurring Basis |
(1) Unless otherwise indicated, the fair value of our Level 2 derivative instruments reflects our best estimate and is based upon exchange or over-the-counter quotations whenever they are available. Quoted valuations may not be available due to location differences or terms that extend beyond the period for which quotations are available. Where quotes are not available, we utilize other valuation techniques or models to estimate market values. These modeling techniques require us to make estimations of future prices, price correlation and market volatility and liquidity based on market data. Our actual results may differ from our estimates, and these differences could be positive or negative.
(2) See Note 7 for additional information regarding our long-term debt. The fair value of our debt is as follows:
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| Fair Value Of Long Term Debt |
(a) In February 2013, we repaid $293.9 million of our Term Loans and $24.5 million under our Revolving Credit Facility with the after-tax proceeds from the sale of ERT. (b) Carrying value excludes the related unamortized debt discount of $30.4 million at March 31, 2013. (c ) The estimated fair value of all debt, other than the MARAD debt, was determined using Level 1 inputs using the market approach. The fair value of the MARAD debt was determined using a third party evaluation of the remaining average life and outstanding principal balance of the MARAD indebtedness as compared to other governmental obligations in the marketplace with similar terms. The fair value of the MARAD Debt was estimated using Level 2 fair value inputs using the market approach.
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- Definition
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments And Hedging Activities (Tables)
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Mar. 31, 2013
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| Derivative Instruments And Hedging Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivatives Not Designated As Hedging Instruments |
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| Impact Of Derivative Instruments On Accumulated Comprehensive Income (Loss) |
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| Gain (Loss) Reclassified From Accumulated OCI Into Income |
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| Impact Of Non Designated Derivative Instruments On Income Statement |
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Schedule Of Non Designated Derivative Instruments Effect On Income Statement [Table Text Block] No definition available.
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- Definition
Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Condensed Consolidated Guarantor And Non-Guarantor Financial Information (Tables)
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3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2013
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| Condensed Consolidated Guarantor And Non-Guarantor Financial Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Condensed Balance Sheet | HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING BALANCE SHEETS (UNAUDITED) (in thousands)
HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands)
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| Schedule of Condensed Income Statement | HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (in thousands)
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| Schedule of Condensed Cash Flow Statement | HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands)
HELIX ENERGY SOLUTIONS GROUP, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands)
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| X | ||||||||||
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- Details
|
| X | ||||||||||
|
- Definition
Tabular disclosure of a condensed balance sheet. Disclosure may include, but is not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
|
| X | ||||||||||
|
- Definition
Tabular disclosure of a condensed cash flow statement. Disclosure may include, but is not limited to, cash flow statements of consolidated entities and consolidation eliminations. No definition available.
|
| X | ||||||||||
|
- Definition
Tabular disclosure of a condensed income statement. Disclosure may include, but is not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
|
|
Company Overview (Narrative) (Details) (USD $)
|
3 Months Ended | ||
|---|---|---|---|
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Oct. 31, 2012
|
|
| Company Overview [Abstract] | |||
| Proceeds from Divestiture of Businesses | $ 624,000,000 | ||
| Sales price | 238,300,000 | ||
| Deposit liability current | $ 50,000,000 | $ 50,000,000 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The current portion, due within one year or one operating cycle, if longer, of deposits held other than customer deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amounts received from the disposal of the long-lived asset during or after the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Details Of Certain Accounts (Other Current Assets) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Details Of Certain Accounts [Abstract] | ||
| Other receivables | $ 737 | $ 1,086 |
| Prepaid insurance | 4,337 | 11,999 |
| Other prepaids | 12,545 | 11,751 |
| Spare parts inventory | 2,589 | 2,480 |
| Income tax receivable | 14,201 | |
| Current deferred tax assets | 34,397 | 43,942 |
| Derivative assets | 5,946 | |
| Other | 6,584 | 5,529 |
| Total other current assets | $ 61,189 | $ 96,934 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of the asset arising from a financial instrument or a contract used to mitigate a specified risk (hedge), and which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Carrying amount, as of the balance sheet date, of current assets which have not been itemized or categorized in the footnotes to the financial statements and are a component of Other Assets, Current (OtherAssetsCurrent). Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of expenditures made, not otherwise specified in the taxonomy, in advance of the timing of recognition of expenses which are expected to be charged against earnings within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The carrying amount of other receivables, net, due within one year of the balance sheet date (or one operating cycle, if longer) from third parties or arising from transactions not separately disclosed. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of unamortized costs of insurance coverage, which will be charged against earnings ratably over the period in which contractually agreed upon coverage's will be in effect; such periods expire within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of capitalized payments for supplies which will be consumed in operations within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Details Of Certain Accounts (Other Assets, Net) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Details Of Certain Accounts [Abstract] | ||
| Deferred dry dock expenses, net | $ 19,689 | $ 22,704 |
| Deferred financing costs, net | 19,620 | 24,338 |
| Intangible assets with finite lives, net | 469 | 491 |
| Other | 2,180 | 2,304 |
| Total other assets, net | $ 41,958 | $ 49,837 |
| X | ||||||||||
|
- Definition
Deferred Drydock Expenses, Net No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of noncurrent assets which have not been itemized or categorized in the footnotes to the financial statements and are a component of Other Assets, Noncurrent (OtherAssetsNoncurrent). Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Details Of Certain Accounts (Accrued Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Details Of Certain Accounts [Abstract] | ||
| Accrued payroll and related benefits | $ 34,721 | $ 51,561 |
| Current asset retirement obligations | 4,048 | 2,898 |
| Unearned revenue | 6,964 | 6,137 |
| Billing in excess of cost | 4,625 | 6,445 |
| Accrued interest | 7,699 | 17,451 |
| Derivative liability (Note 16) | 2,008 | 16,266 |
| Taxes payable excluding income tax payable | 5,788 | 5,164 |
| Pipelay assets sale deposit (Note 2) | 50,000 | 50,000 |
| Other | 6,171 | 5,592 |
| Total accrued liabilities | $ 122,024 | $ 161,514 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Current portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Liability attributable to (i) billings in excess of costs under the percentage of completion contract accounting method representing the difference between contractually invoiced amounts (billings) and revenue recognized based, for example, on costs incurred to estimated total costs at period end or (ii) contractually invoiced amounts (billings) in excess of costs incurred and accumulated under the completed contract accounting method that are expected to be realized within one year or one operating cycle, whichever is longer, from the reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The current portion, due within one year or one operating cycle, if longer, of deposits held other than customer deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of the liability arising from a financial instrument or a contract used to mitigate a specified risk (hedge), and which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Oil And Gas Properties (Narrative) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Oil And Gas Properties [Line Items] | ||
| Net interest expense | $ 10,323 | $ 14,477 |
|
Energy Resource Technology GOM, Inc [Member]
|
||
| Oil And Gas Properties [Line Items] | ||
| Net interest expense | $ 2,700 | $ 7,200 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Oil and Gas Properties (Income (Loss) From Discontinued Operations) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
| Income from discontinued operations, net of tax | $ 1,058 | $ 48,853 | ||||||
|
Helix [Member]
|
||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
| Income from discontinued operations, net of tax | (14,724) | |||||||
|
Energy Resource Technology GOM, Inc [Member]
|
||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||
| Revenues | 48,847 | [1] | 178,085 | |||||
| Production (lifting) costs | 16,017 | [1] | 37,020 | |||||
| Exploration expense | 3,514 | [1] | 754 | |||||
| Depreciation, depletion, amortization and accretion | 1,226 | [1] | 47,843 | |||||
| Proved property impairment and abandonment charges (credits) | (152) | [1] | 3,241 | |||||
| Loss on sale of oil and gas properties | 1,478 | |||||||
| Results Of Operations Gain on oil and gas derivative contracts | 2,339 | |||||||
| Selling and administrative expense | 1,229 | [1] | 3,281 | |||||
| Net interest expense and other | 2,732 | [1],[2] | 7,277 | [2] | ||||
| Total costs | 24,566 | [1] | 103,233 | |||||
| Pretax income from discontinued operations | 24,281 | [1] | 74,852 | |||||
| Income tax provision | 8,499 | [1] | 25,999 | |||||
| Income from operations of discontinued operations | 15,782 | [1] | 48,853 | |||||
| Loss on sale of business, net of tax | (14,724) | [1] | ||||||
| Income from discontinued operations, net of tax | $ 1,058 | [1] | $ 48,853 | |||||
|
||||||||
| X | ||||||||||
|
- Definition
The net amount of interest and debt related expenses associated with nonoperating financing activities of the entity and the net amount of other income and expense related to oil and gas activities No definition available.
|
| X | ||||||||||
|
- Definition
Results Of Operations Gain on oil and gas derivative contracts. No definition available.
|
| X | ||||||||||
|
- Definition
Results Of Operations Gain on sale of oil and gas properties. No definition available.
|
| X | ||||||||||
|
- Definition
Results Of Operations Proved Property And Goodwill Impairment Charges No definition available.
|
| X | ||||||||||
|
- Definition
Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Pretax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Income tax expense or benefit attributable to Income or Loss from discontinued operations during the phase-out period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Depreciation, depletion, amortization, and accretion related to oil and gas producing activities. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of expenses related to oil and gas producing activities. No definition available.
|
| X | ||||||||||
|
- Definition
General and administrative costs from oil & gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Production (lifting) costs from oil and gas producing activities, including but not limited to lease operating expense, production and ad valorem taxes, and transportation expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total revenues from oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Statement Of Cash Flow Information (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Statement Of Cash Flow Information [Abstract] | ||
| Accruals for capital expenditures | $ 23.3 | $ 21.0 |
| X | ||||||||||
|
- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Statement Of Cash Flow Information (Supplemental Cash Flow Information) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Statement Of Cash Flow Information [Abstract] | ||
| Interest paid, net of capitalized interest | $ 20,164 | $ 32,554 |
| Income taxes paid | $ 4,521 | $ 6,725 |
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Equity Investments (Details) (USD $)
|
3 Months Ended | 1 Months Ended | 3 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
Dec. 31, 2012
|
Mar. 31, 2013
Deepwater Gateway, L.L.C. [Member]
|
Dec. 31, 2012
Deepwater Gateway, L.L.C. [Member]
|
Mar. 31, 2013
Independence Hub, LLC [Member]
|
Dec. 31, 2012
Independence Hub, LLC [Member]
|
Apr. 30, 2012
Clough Helix JV [Member]
|
Mar. 31, 2012
Clough Helix JV [Member]
|
|
| Equity method investment, ownership percentage | 50.00% | 20.00% | 50.00% | ||||||
| Equity investments in unconsolidated affiliates | $ 165,452,000 | $ 167,599,000 | $ 90,200,000 | $ 91,400,000 | $ 75,300,000 | $ 76,200,000 | |||
| Capitalized interest | 1,300,000 | 1,300,000 | 4,500,000 | 4,600,000 | |||||
| Exit Fee | 3,000,000 | ||||||||
| Equity in earnings of investments | $ 610,000 | $ 407,000 | $ 3,700,000 | $ (3,800,000) | |||||
| X | ||||||||||
|
- Definition
The balance of interest capitalized, net, related to the Company's equity method investments or property, plant and equipment. No definition available.
|
| X | ||||||||||
|
- Definition
The charge against earnings in the period, comprised of costs incurred associated with an exit or disposal activity other than for a discontinued operations as defined under generally accepted accounting principles. Costs of such activities include those for one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and costs associated with an ongoing benefit arrangement, but excludes costs associated with the retirement of a long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Equity Investments (Distributions From Equity Investments) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Schedule of Equity Method Investments [Line Items] | ||
| Distributions from equity investments | $ 2,660 | $ 6,350 |
|
Deepwater Gateway, L.L.C. [Member]
|
||
| Schedule of Equity Method Investments [Line Items] | ||
| Distributions from equity investments | 1,500 | 2,150 |
|
Independence Hub, LLC [Member]
|
||
| Schedule of Equity Method Investments [Line Items] | ||
| Distributions from equity investments | $ 1,160 | $ 4,200 |
| X | ||||||||||
|
- Definition
Cash dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations that are returns of capital. Excludes dividends or distributions from equity method investments classified as operating activities. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Equity Investments (Schedule Of Summarized Aggregated Financial Information Related To The Subsidiaries) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | ||
|---|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
Dec. 31, 2012
|
|
| Equity Investments [Abstract] | |||
| Revenues | $ 9,025 | $ 23,018 | |
| Operating income | 3,296 | 17,379 | |
| Net income | 3,296 | 17,379 | |
| Current assets | 16,776 | 16,682 | |
| Total assets | 531,749 | 537,251 | |
| Current liabilities | 635 | 706 | |
| Total liabilities | $ 5,322 | $ 5,320 | |
| X | ||||||||||
|
- Definition
Equity Method Investment Operating Income No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of current assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of current liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. No definition available.
|
|
Long-Term Debt (Narrative) (Details) (USD $)
|
3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
Dec. 31, 2012
|
Mar. 31, 2012
Convertible Senior Notes 2032 [Member]
|
Mar. 31, 2013
Convertible Senior Notes 2032 [Member]
|
Dec. 31, 2012
Convertible Senior Notes 2032 [Member]
|
Mar. 06, 2012
Convertible Senior Notes 2032 [Member]
|
Feb. 28, 2013
Helix Term Loan [Member]
|
Mar. 31, 2013
Helix Term Loan [Member]
|
Dec. 31, 2012
Helix Term Loan [Member]
|
Mar. 31, 2012
Helix Term Loan [Member]
|
Jul. 31, 2006
Helix Term Loan [Member]
|
Mar. 31, 2013
Revolving Credit Facility [Member]
|
Dec. 31, 2012
Revolving Credit Facility [Member]
|
Jul. 31, 2006
Revolving Credit Facility [Member]
|
Feb. 28, 2013
Helix Revolving Loans [Member]
|
Mar. 31, 2013
Helix Revolving Loans [Member]
|
Mar. 31, 2012
Senior Unsecured Notes [Member]
|
Mar. 31, 2013
Senior Unsecured Notes [Member]
|
Mar. 31, 2012
Senior Unsecured Notes [Member]
|
Dec. 31, 2007
Senior Unsecured Notes [Member]
|
Feb. 28, 2013
Convertible Senior Notes 2025 [Member]
|
Mar. 31, 2005
Convertible Senior Notes 2025 [Member]
|
Dec. 31, 2012
Convertible Senior Notes 2025 [Member]
|
Mar. 31, 2012
Convertible Senior Notes 2025 [Member]
|
Mar. 31, 2013
MARAD Debt [Member]
|
Sep. 30, 2005
MARAD Debt [Member]
|
Mar. 31, 2013
Minimum [Member]
|
Mar. 31, 2013
Minimum [Member]
Helix Term Loan [Member]
|
Mar. 31, 2013
Minimum [Member]
Helix Revolving Loans [Member]
|
Mar. 31, 2013
Maximum [Member]
|
Mar. 31, 2013
Maximum [Member]
Helix Term Loan [Member]
|
Mar. 31, 2013
Maximum [Member]
Helix Revolving Loans [Member]
|
||||||||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||
| Debt instrument interest rate | 3.25% | 9.50% | 3.25% | 4.93% | ||||||||||||||||||||||||||||||||||||||||||||
| Base Principal Amount | $ 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Mandatory Prepayments Percentage | 60.00% | |||||||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument Convertible Conversion Premium Percentage | 35.00% | |||||||||||||||||||||||||||||||||||||||||||||||
| Issuance Of Notes Percentage | 100.00% | |||||||||||||||||||||||||||||||||||||||||||||||
| Convertible Senior Notes, shares of common stock | 39.9752 | |||||||||||||||||||||||||||||||||||||||||||||||
| Senior Unsecured Notes amount issued | 550,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Unsecured letters of credit | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Long-term debt, less current maturities | 687,461,000 | [1] | 1,002,621,000 | 169,590,000 | 67,299,000 | [2] | 78,100,000 | [2] | 274,960,000 | 97,512,000 | ||||||||||||||||||||||||||||||||||||||
| Long-term debt, Carrying Value | 200,000,000 | 72,300,000 | 78,100,000 | 78,100,000 | [3] | 274,960,000 | 300,000,000 | 102,759,000 | [4] | |||||||||||||||||||||||||||||||||||||||
| Aggregate amount of debt payment | 209,500,000 | 213,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| Payment on senior notes | 200,000,000 | 145,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| Premium on debt extinguishment | 9,500,000 | 1,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| Accrued interest on notes | 4,000,000 | 1,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| Accelerated amortization of debt discount | 1,278,000 | 2,355,000 | 3,500,000 | |||||||||||||||||||||||||||||||||||||||||||||
| Loss on early extinguishment of debt | 2,882,000 | 17,127,000 | 11,500,000 | 5,600,000 | ||||||||||||||||||||||||||||||||||||||||||||
| Original borrowing capacity | 600,000,000 | 300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| Spread on LIBOR | 0.20% | 2.25% | 1.50% | 3.50% | 3.50% | |||||||||||||||||||||||||||||||||||||||||||
| Revolving credit facility, outstanding | 835,000,000 | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| Average interest rate | 3.30% | 4.00% | 3.00% | |||||||||||||||||||||||||||||||||||||||||||||
| Revolving credit facility available | 513,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Debt instrument issued percentage | 100.00% | |||||||||||||||||||||||||||||||||||||||||||||||
| Effective interest rate | 6.90% | |||||||||||||||||||||||||||||||||||||||||||||||
| Per share conversion price | $ 25.02 | |||||||||||||||||||||||||||||||||||||||||||||||
| Deferred financing costs, net | 19,620,000 | 24,338,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| Amortization of deferred financing costs | 1,472,000 | 1,611,000 | 2,900,000 | 2,000,000 | 300,000 | |||||||||||||||||||||||||||||||||||||||||||
| Repayment of revolving credit facility | 24,473,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Repurchase Amount | 142,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Proceeds from Issuance of Debt | 195,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| Debt percentage guaranteed | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||
| Closing price per share | $ 18.53 | |||||||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Unamortized Discount | 30,410,000 | [1],[5] | 35,400,000 | 30,410,000 | [5] | |||||||||||||||||||||||||||||||||||||||||||
| Expected life used to estimate fair value | 6 years | |||||||||||||||||||||||||||||||||||||||||||||||
| Commitment fee percentage | 2.00% | 3.00% | ||||||||||||||||||||||||||||||||||||||||||||||
| Deferred financing costs | 41,000 | 6,337,000 | ||||||||||||||||||||||||||||||||||||||||||||||
| Repayments of debt | $ 294,882,000 | $ 750,000 | $ 293,900,000 | $ 24,500,000 | $ 3,500,000 | $ 154,300,000 | ||||||||||||||||||||||||||||||||||||||||||
| Line of Credit Facility, Commitment Fee Percentage | 0.50% | |||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
The base principal amount for initial conversion rate on the debt. No definition available.
|
| X | ||||||||||
|
- Definition
Convertible senior notes conversion rate into shares of common stock No definition available.
|
| X | ||||||||||
|
- Definition
The conversion premium percentage over the closing price of common stock on specified date used in calculating the initial conversion price. No definition available.
|
| X | ||||||||||
|
- Definition
Debt Instrument Issued Percentage To Principal Amount No definition available.
|
| X | ||||||||||
|
- Definition
Debt instrument collateral percentage guaranteed No definition available.
|
| X | ||||||||||
|
- Definition
Debt instrument collateral percentage guaranteed No definition available.
|
| X | ||||||||||
|
- Definition
The percentage of after-tax proceeds required to be repaid upon certain disposition of assets. No definition available.
|
| X | ||||||||||
|
- Definition
Repayment of revolving credit facility No definition available.
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
|
- Definition
Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date before deducting unamortized discount or premiums (if any). May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effective interest rate on the liability component of convertible debt instrument which may be settled in cash upon conversion, including partial cash settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Remaining amortization period for discount on the liability component of convertible debt which may be settled in cash upon conversion, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Decrease for amounts repaid on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Fair value amount of debt instrument that was repurchased. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of debt outstanding by type or by instrument at that time. No definition available.
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for the extinguishment of long-term borrowing, with the highest claim on the assets of the entity in case of bankruptcy or liquidation, before its maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
| X | ||||||||||
|
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for incremental, external costs directly pertaining to an early extinguishment of debt, including legal costs and prepayment penalties, and excluding interest and repayment of debt principal. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Price of a single share of a number of saleable stocks of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Long-Term Debt (Maturities Of Long-Term Debt) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
Mar. 31, 2013
Helix Term Loan [Member]
|
Mar. 31, 2013
Helix Revolving Loans [Member]
|
Mar. 31, 2013
Senior Unsecured Notes [Member]
|
Mar. 31, 2013
MARAD Debt [Member]
|
Mar. 31, 2013
Convertible Senior Notes 2032 [Member]
|
Mar. 31, 2012
Convertible Senior Notes 2032 [Member]
|
Mar. 31, 2013
Helix [Member]
|
Dec. 31, 2012
Helix [Member]
|
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt Instrument [Line Items] | ||||||||||||||||||||
| Less than one year | $ 10,247 | [1] | $ 5,000 | [2] | $ 5,247 | |||||||||||||||
| One to two years | 10,508 | [1] | 5,000 | [2] | 5,508 | |||||||||||||||
| Two to three years | 421,142 | [1] | 62,299 | [2] | 78,100 | [2] | 274,960 | 5,783 | ||||||||||||
| Three to four years | 6,072 | [1] | 6,072 | |||||||||||||||||
| Four to five years | 6,375 | [1] | 6,375 | |||||||||||||||||
| Over five years | 273,774 | [1] | 73,774 | 200,000 | ||||||||||||||||
| Total debt | 728,118 | [1] | 72,299 | [2] | 78,100 | [2] | 274,960 | 102,759 | 200,000 | |||||||||||
| Current maturities | (10,247) | [1] | (16,607) | (5,000) | [2] | (5,247) | (5,000) | (11,487) | ||||||||||||
| Long-term debt, less current maturities | 717,871 | [1] | 67,299 | [2] | 78,100 | [2] | 274,960 | 97,512 | 200,000 | |||||||||||
| Unamortized debt discount | (30,410) | [1],[3] | (30,410) | [3] | (35,400) | |||||||||||||||
| Long-term debt | $ 687,461 | [1] | $ 1,002,621 | $ 67,299 | [2] | $ 78,100 | [2] | $ 274,960 | $ 97,512 | $ 169,590 | $ 589,948 | $ 902,453 | ||||||||
|
||||||||||||||||||||
| X | ||||||||||
|
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, before deducting unamortized discount or premium. No definition available.
|
| X | ||||||||||
|
- Definition
Sum of the carrying values as of the balance sheet date of all debt, including all short-term borrowings, long-term debt, and capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of the sum of short-term debt and current maturities of long-term debt and capital lease obligations, which are due within one year (or one business cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Long-Term Debt (Schedule Of Redemption Price By Maturity) (Details)
|
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| Long-Term Debt [Abstract] | |
| Redemption Price, 2013 | 102.375% |
| Redemption Price, 2014 and thereafter | 100.00% |
| X | ||||||||||
|
- Definition
Senior Secured Notes Redemption Price In Current Fiscal Year No definition available.
|
| X | ||||||||||
|
- Definition
Senior Secured Notes Redemption Price In Next Fiscal Year No definition available.
|
| X | ||||||||||
|
- Details
|
|
Long-Term Debt (Schedule of Deferred Financing Costs) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
|
Helix Term Loan [Member]
|
||
| Gross Carrying Amount | $ 15,325 | $ 15,318 |
| Accumulated Amortization | (14,669) | (11,595) |
| Net | 656 | 3,723 |
|
2025 Notes [Member]
|
||
| Gross Carrying Amount | 8,189 | |
| Accumulated Amortization | (8,189) | |
|
2032 Notes [Member]
|
||
| Gross Carrying Amount | 3,759 | 4,251 |
| Accumulated Amortization | (687) | (534) |
| Net | 3,072 | 3,717 |
|
Helix Revolving Loans [Member]
|
||
| Gross Carrying Amount | 20,046 | 20,021 |
| Accumulated Amortization | (13,225) | (12,466) |
| Net | 6,821 | 7,555 |
|
Senior Unsecured Notes [Member]
|
||
| Gross Carrying Amount | 10,643 | 10,643 |
| Accumulated Amortization | (8,402) | (8,252) |
| Net | 2,241 | 2,391 |
|
MARAD Debt [Member]
|
||
| Gross Carrying Amount | 12,200 | 12,200 |
| Accumulated Amortization | (5,370) | (5,248) |
| Net | 6,830 | 6,952 |
|
Debt [Member]
|
||
| Gross Carrying Amount | 61,973 | 70,622 |
| Accumulated Amortization | (42,353) | (46,284) |
| Net | $ 19,620 | $ 24,338 |
| X | ||||||||||
|
- Definition
Carrying amount of accumulated amortization of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount, as of the balance sheet date, of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings in periods after one year or beyond the normal operating cycle, if longer, over the life of the long-term debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net amount of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Long-Term Debt (Interest Expense And Capitalized Interest) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Long-Term Debt [Abstract] | ||
| Interest expense | $ 12,578 | $ 15,244 |
| Interest income | (316) | (288) |
| Capitalized interest | (1,939) | (479) |
| Interest expense, net | $ 10,323 | $ 14,477 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
|
| X | ||||||||||
|
- Definition
Amount of interest capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Income Taxes (Narrative) (Details)
|
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Income Taxes [Abstract] | ||
| Effective tax rate | 24.90% | 6.70% |
| Statutory rate | 35.00% | 35.00% |
| X | ||||||||||
|
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Income Taxes (Schedule of Income Tax Rate Reconciliation) (Details)
|
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||
| Statutory rate | 35.00% | 35.00% |
| Foreign provision | (10.70%) | (26.50%) |
| Other | 0.60% | (1.80%) |
| Effective tax rate | 24.90% | 6.70% |
| X | ||||||||||
|
- Definition
A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate that can be explained by the difference between statutory income tax rates in foreign jurisdictions and the domestic federal statutory income tax rate recorded during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between the effective income tax rate and domestic federal statutory income tax rate attributable to all other items not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Shareholders' Equity (Components Of Accumulated Other Comprehensive Loss) (Details) (USD $)
|
Mar. 31, 2013
|
Dec. 31, 2012
|
|||
|---|---|---|---|---|---|
| Stockholders' Equity Note [Abstract] | |||||
| Cumulative foreign currency translation adjustment | $ (26,748,000) | $ (15,667,000) | |||
| Unrealized gain (loss) on hedges, net | (7,238,000) | [1] | |||
| Accumulated other comprehensive loss | (33,986,000) | (15,667,000) | |||
| Deferred Tax Assets, Other Comprehensive Loss | $ 3,900,000 | ||||
|
|||||
| X | ||||||||||
|
- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from unrealized losses in other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Earnings Per Share (Narrative) (Details) (USD $)
|
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
|
Convertible Senior Notes 2032 [Member]
|
|
| Debt Instrument, Convertible, Stock Price Trigger | $ 32.53 |
|
Convertible Senior Notes 2025 [Member]
|
|
| Debt Instrument, Convertible, Conversion Price | $ 32.14 |
| Debt Instrument, Convertible, Stock Price Trigger | $ 38.57 |
| X | ||||||||||
|
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Price of the entity's common stock which would be required to be attained for the conversion feature embedded in the debt instrument to become effective. No definition available.
|
|
Earnings per Share (Computations Of Basic And Diluted EPS) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Earnings Per Share [Abstract] | ||
| Net income (loss) applicable to Helix | $ 1,615 | $ 65,727 |
| Less: Income from discontinued operations, net of tax | (1,058) | (48,853) |
| Income (loss) from continuing operations | 557 | 16,874 |
| Less: Undistributed net income allocable to participating securities | (5) | (174) |
| Income applicable to common shareholders - continuing operations | 552 | 16,700 |
| Less: Undistributed net income from discontinued operations allocable to participating securities | (8) | (503) |
| Income applicable to common shareholders - discontinued operations | 1,050 | 48,350 |
| Weighted average number of shares outstanding - basic | 105,032 | 104,530 |
| Share-based awards other than participating securities, Shares | 133 | 98 |
| Undistributed earnings reallocated to participating securities, value | 1 | |
| Covertible preferred stock | 10 | |
| Convertible preferred stock, Shares | 361 | |
| Net income applicable to Helix - Diluted | 552 | 16,711 |
| Weighted average number of shares outstanding, diluted, total | 105,165 | 104,989 |
| Income from discontinued operations, net of tax | $ 1,058 | $ 48,853 |
| X | ||||||||||
|
- Definition
Net Income Loss Available To Common Stockholders Basic Continuing Operations No definition available.
|
| X | ||||||||||
|
- Definition
Net Income Loss Available To Common Stockholders Basic, Discontinued Operations No definition available.
|
| X | ||||||||||
|
- Definition
Undiscounted Net Income From Discontinued Operations Allocable To Participating Securities No definition available.
|
| X | ||||||||||
|
- Definition
Undistributed Earnings Reallocated To Participating Securities Value No definition available.
|
| X | ||||||||||
|
- Definition
The amount resulting from the "as if" assumption that ESOPs were exercised for purposes of computing the dilutive effect of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of call options and warrants using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Earnings allocated (not distributed) to participating securities under the two-class method to the extent that participating securities may share in earnings as if all of the earnings for the period had been distributed. No definition available.
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Employee Benefit Plans (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
1 Months Ended | 3 Months Ended | 12 Months Ended | |
|---|---|---|---|---|
|
Jan. 31, 2013
|
Mar. 31, 2013
|
Mar. 31, 2012
|
Dec. 31, 2012
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Percentage Of Share Of Non Vested Stock Considered As Call Option | 85.00% | |||
| Percentage of share of non-vested stock considered as put-option | 15.00% | |||
| Stock Authorized Shares Employee Stock Purchase Plans | 1.5 | |||
| Shares available for grant | 6.4 | |||
| Compensation cost related to restricted shares | $ 3.4 | $ 1.8 | ||
| Allocated Share-based Compensation Expense | 0.2 | |||
| Deferred Compensation Arrangement with Individual, Cash Awards Granted, Amount | 5.9 | 4.2 | ||
| Deferred Compensation Arrangement with Individual, Compensation Expense | 2.5 | 2.4 | ||
| Deferred Compensation Cash-based Arrangements, Liability, Current | 8.3 | 13.0 | ||
|
Segment, Discontinued Operations [Member]
|
||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Compensation cost related to restricted shares | 1.3 | |||
|
Executive Officer [Member]
|
||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Deferred Compensation Arrangement with Individual, Compensation Expense | 1.6 | 2.0 | ||
| Deferred Compensation Cash-based Arrangements, Liability, Current | $ 7.5 | $ 11.7 | ||
|
Maximum Shares As Incentive Options Member
|
||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Shares available for grant | 2.0 | |||
| X | ||||||||||
|
- Definition
Percentage of share of non-vested stock considered as call-option. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of share of non-vested stock considered as put-option. No definition available.
|
| X | ||||||||||
|
- Definition
Number of shares authorized for issuance as a result of an employee stock purchase plan. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of commitment made to pay deferred cash remuneration. No definition available.
|
| X | ||||||||||
|
- Definition
The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for deferred compensation arrangements payable within one year (or the normal operating cycle, if longer). Represents currently earned compensation under cash arrangements (such as a profit-sharing plan, rabbi trust, and employee contract--excluding equity-based arrangements) that is not actually paid until a later date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The noncash expense that represents the cost of restricted stock or unit distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Employee Benefit Plans (Restricted Shares Granted) (Details) (USD $)
|
3 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
||||||||
|
Grant Share Amount A [Member]
|
||||||||
| Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ||||||||
| Restricted share grants, Date of Grant | Jan. 02, 2013 | [1] | ||||||
| Restricted share grants, Shares | 89,329 | [1] | ||||||
| Restricted share grants, Market Value Per Share | $ 20.64 | [1] | ||||||
| Restricted share grants, vesting percentage | 33.00% | [1] | ||||||
| Restricted share grants Vesting Period, in years | 3 years | [1] | ||||||
|
Grant Share Amount B [Member]
|
||||||||
| Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ||||||||
| Restricted share grants, Date of Grant | Jan. 02, 2013 | [2] | ||||||
| Restricted share grants, Shares | 89,329 | [2] | ||||||
| Restricted share grants, Market Value Per Share | $ 30.96 | [2] | ||||||
| Restricted share grants, vesting percentage | 100.00% | [2] | ||||||
| Restricted stock, vesting date | Jan. 01, 2016 | [2] | ||||||
|
Grant Share Amount C [Member]
|
||||||||
| Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ||||||||
| Restricted share grants, Date of Grant | Jan. 02, 2013 | [3] | ||||||
| Restricted share grants, Shares | 1,620 | [3] | ||||||
| Restricted share grants, Market Value Per Share | $ 20.64 | [3] | ||||||
| Restricted share grants, vesting percentage | 100.00% | [3] | ||||||
| Restricted stock, vesting date | Jan. 01, 2015 | [3] | ||||||
|
Maximum [Member] | Grant Share Amount B [Member]
|
||||||||
| Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | ||||||||
| Maximum award percentage | 200.00% | |||||||
|
||||||||
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Date Of Grant No definition available.
|
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Vesting date No definition available.
|
| X | ||||||||||
|
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Vesting Percentage No definition available.
|
| X | ||||||||||
|
- Definition
Share based compensation, maximum award percentage No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average of per share prices paid for shares purchased on the open market for issuance to employees under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Business Segment Information (Summary Of Financial Data By Segment) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Segment Reporting Information [Line Items] | ||
| Revenues | $ 197,429 | $ 229,842 |
| Income (loss) from operations | 15,238 | 50,068 |
| Equity in earnings of investments | 610 | 407 |
|
Contracting Services [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Revenues | 198,054 | 244,544 |
| Income (loss) from operations | 39,304 | 59,124 |
|
Production Facilities [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Revenues | 20,393 | 20,022 |
| Income (loss) from operations | 11,185 | 10,049 |
|
Intercompany Elimination [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Revenues | (21,018) | (34,724) |
| Income (loss) from operations | (1,720) | (3,020) |
|
Corporate [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Income (loss) from operations | $ (33,531) | $ (16,085) |
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Business Segment Information (Summary Of Intercompany Segment Revenues) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Segment Reporting Information [Line Items] | ||
| Intercompany segment revenues | $ 21,018 | $ 34,724 |
|
Contracting Services [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Intercompany segment revenues | 16,345 | 23,201 |
|
Production Facilities [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Intercompany segment revenues | $ 4,673 | $ 11,523 |
| X | ||||||||||
|
- Definition
Amount of revenue from transactions with other operating segments of the same entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Business Segment Information (Intercompany Segment Gross Profit (Loss)) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Segment Reporting Information [Line Items] | ||
| Gross profit (loss) with other operating segments of same entity | $ 1,720 | $ 3,020 |
|
Contracting Services [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Gross profit (loss) with other operating segments of same entity | 1,764 | 3,064 |
|
Production Facilities [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Gross profit (loss) with other operating segments of same entity | $ (44) | $ (44) |
| X | ||||||||||
|
- Definition
Gross profit (loss) with other operating segments of same entity. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Business Segment Information (Intercompany Segment Assets) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Assets | $ 2,666,331 | $ 3,386,580 |
|
Contracting Services [Member]
|
||
| Assets | 2,141,930 | 1,974,763 |
|
Production Facilities [Member]
|
||
| Assets | 496,986 | 503,531 |
|
Corporate and Other [Member]
|
||
| Assets | 27,415 | 8,059 |
|
Discontinued Operations [Member]
|
||
| Assets | $ 900,227 |
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Related Party Transactions (Details) (USD $)
In Millions, unless otherwise specified |
1 Months Ended | 3 Months Ended | |||
|---|---|---|---|---|---|
|
Apr. 30, 2000
|
Mar. 31, 2013
|
Mar. 31, 2013
OKCD [Member]
|
Mar. 31, 2012
OKCD [Member]
|
Apr. 30, 2000
OKCD [Member]
|
|
| Percentage of working interests acquired | 20.00% | ||||
| Financing exploratory costs | $ 20 | ||||
| Royalty interest | 25.00% | ||||
| Partnership interests | 83.00% | ||||
| Related party payment | $ 0.6 | $ 1.7 | |||
| X | ||||||||||
|
- Definition
Percentage of working interests acquired. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of capitalized exploratory well costs that is pending the determination of proved reserves. This does not include amounts that were capitalized and subsequently expensed in the same annual period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Purchases during the period (excluding transactions that are eliminated in consolidated or combined financial statements) with related party. No definition available.
|
| X | ||||||||||
|
- Definition
Identify the stated interest rate per the agreement, for example, leasing and debt arrangements between related parties. No definition available.
|
| X | ||||||||||
|
- Definition
The number of units or percentage investment held in the subsidiary by the limited liability company or limited partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Commitments And Contingencies (Narrative) (Details) (USD $)
|
3 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Mar. 31, 2013
Purchaser [Member]
|
Mar. 31, 2013
Helix [Member]
|
Aug. 31, 2012
Helix 534 [Member]
|
Mar. 31, 2013
Helix 534 [Member]
|
Mar. 31, 2013
Q5000 [Member]
|
Dec. 31, 2010
Allowance for Doubtful Accounts [Member]
|
|
| Long-term Purchase Commitment, Amount | $ 386,500,000 | |||||||
| Property and equipment | 2,115,321,000 | 2,051,796,000 | 147,900,000 | 142,600,000 | ||||
| Payments to Acquire Property, Plant, and Equipment | 85,000,000 | 115,900,000 | ||||||
| Guarantor Obligations, Maximum Exposure, Undiscounted | 100,000,000 | 50,000,000 | ||||||
| Trade receivables collected | 303,000,000 | |||||||
| Valuation Allowances and Reserves, Deductions | 4,000,000 | |||||||
| Value added tax assessment | $ 28,000,000 | |||||||
| X | ||||||||||
|
- Definition
Value added tax assessment No definition available.
|
| X | ||||||||||
|
- Definition
Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The minimum amount the entity agreed to spend under the long-term purchase commitment. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the proceeds from sale and collection of receivables during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross amount of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of the deductions in a given period to allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs, representing receivables written off as uncollectible and portions of the reserves utilized, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
|||||
|---|---|---|---|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total net liability | $ 811,113 | |||||
|
Level 1 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total net liability | 681,558 | |||||
|
Level 2 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total net liability | 129,555 | [1] | ||||
|
Level 3 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total net liability | ||||||
|
Fair Value Of Long Term Debt [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Liabilities | 799,155 | [2] | ||||
|
Fair Value Of Long Term Debt [Member] | Level 1 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Liabilities | 681,558 | [2] | ||||
|
Fair Value Of Long Term Debt [Member] | Level 2 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Liabilities | 117,597 | [1],[2] | ||||
|
Fair Value Of Long Term Debt [Member] | Level 3 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Liabilities | [2] | |||||
|
Foreign Currency Forwards [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Liabilities | 11,958 | |||||
|
Foreign Currency Forwards [Member] | Level 1 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Liabilities | ||||||
|
Foreign Currency Forwards [Member] | Level 2 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Liabilities | 11,958 | [1] | ||||
|
Foreign Currency Forwards [Member] | Level 3 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Liabilities | ||||||
|
||||||
| X | ||||||||||
|
- Definition
Assets And Liabilities Measured At Fair Value Net No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
This element represents the aggregate of the liabilities reported on the balance sheet at period end measured at fair value by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Fair Value Measurements (Fair Value Of Long Term Debt) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 1 Months Ended | 1 Months Ended | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
Mar. 31, 2013
Term Loan [Member]
|
Feb. 28, 2013
Helix Revolving Loans [Member]
|
Mar. 31, 2013
Helix Revolving Loans [Member]
|
Mar. 31, 2013
Convertible Senior Notes (Matures March 2032) [Member]
|
Mar. 31, 2013
Senior Unsecured Notes [Member]
|
Mar. 31, 2013
MARAD Debt [Member]
|
Feb. 28, 2013
Helix Term Loan [Member]
|
Mar. 31, 2013
Helix Term Loan [Member]
|
Mar. 31, 2013
Loan Notes [Member]
|
||||||||||||||||
| Long-term debt, Fair Value | $ 73,022 | [1] | $ 78,100 | [1] | $ 246,540 | [2] | $ 283,896 | $ 117,597 | [3] | $ 799,155 | ||||||||||||||||
| Long-term debt, Carrying Value | 72,299 | [1] | 78,100 | [1] | 200,000 | [2] | 274,960 | 102,759 | [3] | 72,300 | 728,118 | |||||||||||||||
| Unamortized debt discount | 30,410 | [4],[5] | ||||||||||||||||||||||||
| Repayment of Helix Term Notes | $ 294,882 | $ 750 | $ 24,500 | $ 293,900 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date before deducting unamortized discount or premiums (if any). May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Instruments And Hedging Activities (Narrative) (Details)
In Millions, unless otherwise specified |
1 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Feb. 20, 2013
Oil And Natural Gas Commodity Contracts [Member]
USD ($)
|
Feb. 20, 2013
Interest Rate Swaps [Member]
USD ($)
|
Mar. 31, 2013
Foreign Exchange Contracts [Member]
USD ($)
|
Mar. 31, 2013
Foreign Exchange Contracts [Member]
Accrued Liabilities [Member]
USD ($)
|
Mar. 31, 2013
Foreign Exchange Contracts [Member]
Other Liabilities [Member]
USD ($)
|
Mar. 31, 2013
Grand Canyon I I I [Member]
USD ($)
|
Mar. 31, 2013
Grand Canyon I I I [Member]
NOK
|
Mar. 31, 2013
Grand Canyon I I [Member]
USD ($)
|
Mar. 31, 2013
Grand Canyon I I [Member]
NOK
|
Mar. 31, 2013
Grand Canyon [Member]
USD ($)
|
Mar. 31, 2013
Grand Canyon [Member]
NOK
|
|
| Liability derivatives designated as hedging instruments | $ 11.1 | $ 1.2 | $ 9.9 | ||||||||
| Derivative Cash Settlement | 22.5 | 0.6 | |||||||||
| Notional Amount of Foreign Currency Derivatives | $ 98.8 | 595.0 | $ 100.4 | 594.7 | $ 104.6 | 591.3 | |||||
| X | ||||||||||
|
- Definition
The amount of cash paid on settlement of derivative. No definition available.
|
| X | ||||||||||
|
- Definition
Aggregate fair value of all derivative liabilities designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate notional amount of foreign currency exchange rate derivatives. Notional amount refers to the number of currency units specified in the foreign currency derivative contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Instruments And Hedging Activities (Derivatives Not Designated As Hedging Instruments) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Asset derivatives not designated as hedging instruments | $ 5,946 | |
| Liability derivatives not designated as hedging instruments | 823 | 16,298 |
|
Accrued Liabilities [Member] | Foreign Exchange Forward [Member]
|
||
| Liability derivatives not designated as hedging instruments | 821 | |
|
Accrued Liabilities [Member] | Oil Contract [Member]
|
||
| Liability derivatives not designated as hedging instruments | 15,777 | |
|
Accrued Liabilities [Member] | Interest Rate Swaps [Member]
|
||
| Liability derivatives not designated as hedging instruments | 489 | |
|
Other Liabilities [Member] | Foreign Exchange Forward [Member]
|
||
| Liability derivatives not designated as hedging instruments | 2 | |
|
Other Liabilities [Member] | Interest Rate Swaps [Member]
|
||
| Liability derivatives not designated as hedging instruments | 32 | |
|
Other Current Assets [Member] | Foreign Exchange Forward [Member]
|
||
| Asset derivatives not designated as hedging instruments | 146 | |
|
Other Current Assets [Member] | Oil Contract [Member]
|
||
| Asset derivatives not designated as hedging instruments | $ 5,800 |
| X | ||||||||||
|
- Definition
Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as a liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Instruments And Hedging Activities (Impact Of Derivative Instruments On Accumulated Comprehensive Income (Loss)) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | $ (7,238) | $ (13,802) |
|
Oil And Natural Gas Commodity Contracts [Member]
|
||
| Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | (13,555) | |
|
Interest Rate Swaps [Member]
|
||
| Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | (247) | |
|
Foreign Exchange Forward [Member]
|
||
| Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | $ (7,238) | |
| X | ||||||||||
|
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Instruments And Hedging Activities (Gain (Loss) Reclassified From Accumulated OCI Into Income) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | $ (150) | $ (84) |
|
Oil And Natural Gas Commodity Contracts [Member] | Income From Discontinued Operations Net Of Tax [Member]
|
||
| Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | 109 | |
|
Interest Rate Contracts [Member] | Net Interest Expense [Member]
|
||
| Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | (193) | |
|
Foreign Exchange Forward [Member] | Cost of Sales [Member]
|
||
| Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | $ (150) | |
| X | ||||||||||
|
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Instruments And Hedging Activities (Impact Of Non Designated Derivative Instruments On Income Statement) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Gain (Loss) Recognized in Income on Derivatives | $ (15,443) | $ 233 |
|
Foreign Exchange Contracts [Member] | Other Expense [Member]
|
||
| Gain (Loss) Recognized in Income on Derivatives | (1,244) | 233 |
|
Oil And Natural Gas Commodity Contracts [Member] | Non Hedge Loss On Commodity Derivative Contracts [Member]
|
||
| Gain (Loss) Recognized in Income on Derivatives | (14,113) | |
|
Interest Rate Swaps [Member] | Other Expense [Member]
|
||
| Gain (Loss) Recognized in Income on Derivatives | $ (86) | |
| X | ||||||||||
|
- Definition
The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Condensed Consolidated Guarantor And Non-Guarantor Financial Information (Schedule Of Condensed Consolidating Balance Sheets) (Details) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2013
|
Dec. 31, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
|||
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $ 625,650 | $ 437,100 | $ 620,449 | $ 546,465 | |||
| Accounts receivable, net | 142,793 | 152,233 | |||||
| Unbilled revenue | 34,830 | 33,840 | |||||
| Income taxes receivable | 14,201 | ||||||
| Other current assets | 61,189 | 82,733 | |||||
| Current assets of discontinued operations | 84,000 | ||||||
| Total current assets | 864,462 | 804,107 | |||||
| Property and equipment, net | 1,532,727 | 1,485,875 | |||||
| Equity investments in unconsolidated affiliates | 165,452 | 167,599 | |||||
| Goodwill, net | 61,732 | 62,935 | |||||
| Other assets, net | 41,958 | 49,837 | |||||
| Non-current assets of discontinued operations | 816,227 | ||||||
| Total assets | 2,666,331 | 3,386,580 | |||||
| Accounts payable | 100,553 | 92,398 | |||||
| Accrued liabilities | 122,024 | 161,514 | |||||
| Income tax payable | 35,797 | ||||||
| Current maturities of long-term debt | 10,247 | [1] | 16,607 | ||||
| Current liabilities of discontinued operations | 182,527 | ||||||
| Total current liabilities | 268,621 | 453,046 | |||||
| Long-term debt | 687,461 | [1] | 1,002,621 | ||||
| Deferred tax liabilities | 290,102 | 359,237 | |||||
| Other long-term liabilities | 14,976 | 5,025 | |||||
| Non-current liabilities of discontinued operations | 147,237 | ||||||
| Total liabilities | 1,261,160 | 1,967,166 | |||||
| Total equity | 1,405,171 | 1,419,414 | |||||
| Total liabilities and shareholders' equity | 2,666,331 | 3,386,580 | |||||
|
Helix [Member]
|
|||||||
| Cash and cash equivalents | 551,596 | 381,599 | 566,287 | 495,484 | |||
| Accounts receivable, net | 75,490 | 39,203 | |||||
| Unbilled revenue | 8,179 | 13,959 | |||||
| Income taxes receivable | 24,611 | ||||||
| Other current assets | 40,566 | 54,588 | |||||
| Total current assets | 675,831 | 513,960 | |||||
| Intercompany | (116,440) | (154,756) | |||||
| Property and equipment, net | 224,594 | 208,190 | |||||
| Equity investments in affiliates | 1,240,653 | 1,762,359 | |||||
| Other assets, net | 39,678 | 47,355 | |||||
| Due from subsidiaries/parent | 319,941 | 294,461 | |||||
| Total assets | 2,384,257 | 2,671,569 | |||||
| Accounts payable | 55,165 | 45,784 | |||||
| Accrued liabilities | 94,783 | 117,902 | |||||
| Income tax payable | 35,149 | ||||||
| Current maturities of long-term debt | 5,000 | 11,487 | |||||
| Total current liabilities | 190,097 | 175,173 | |||||
| Long-term debt | 589,948 | 902,453 | |||||
| Deferred tax liabilities | 171,543 | 168,688 | |||||
| Other long-term liabilities | 4,559 | 1,453 | |||||
| Total liabilities | 956,147 | 1,247,767 | |||||
| Total equity | 1,428,110 | 1,423,802 | |||||
| Total liabilities and shareholders' equity | 2,384,257 | 2,671,569 | |||||
|
Guarantors [Member]
|
|||||||
| Cash and cash equivalents | 7,274 | 4,436 | 2,498 | 2,434 | |||
| Accounts receivable, net | 30,366 | 37,378 | |||||
| Unbilled revenue | 386 | 875 | |||||
| Other current assets | 4,946 | 16,418 | |||||
| Current assets of discontinued operations | 84,000 | ||||||
| Total current assets | 42,972 | 143,107 | |||||
| Intercompany | 334,709 | 352,210 | |||||
| Property and equipment, net | 353,969 | 351,746 | |||||
| Equity investments in affiliates | 47,066 | 53,461 | |||||
| Goodwill, net | 45,107 | 45,107 | |||||
| Other assets, net | 136 | 130 | |||||
| Due from subsidiaries/parent | 485,096 | ||||||
| Non-current assets of discontinued operations | 816,227 | ||||||
| Total assets | 823,959 | 2,247,084 | |||||
| Accounts payable | 16,824 | 17,229 | |||||
| Accrued liabilities | 13,532 | 26,019 | |||||
| Income tax payable | 19,953 | 26,618 | |||||
| Current liabilities of discontinued operations | 182,527 | ||||||
| Total current liabilities | 50,309 | 252,393 | |||||
| Deferred tax liabilities | 11,454 | 86,925 | |||||
| Other long-term liabilities | 9,950 | 3,086 | |||||
| Due to parent | 52,582 | ||||||
| Non-current liabilities of discontinued operations | 147,237 | ||||||
| Total liabilities | 124,295 | 489,641 | |||||
| Total equity | 699,664 | 1,757,443 | |||||
| Total liabilities and shareholders' equity | 823,959 | 2,247,084 | |||||
|
Non-Guarantors [Member]
|
|||||||
| Cash and cash equivalents | 66,780 | 51,065 | 51,664 | 48,547 | |||
| Accounts receivable, net | 36,937 | 75,652 | |||||
| Unbilled revenue | 26,265 | 19,006 | |||||
| Income taxes receivable | 3,402 | 306 | |||||
| Other current assets | 15,742 | 11,696 | |||||
| Total current assets | 149,126 | 157,725 | |||||
| Intercompany | (130,205) | (125,889) | |||||
| Property and equipment, net | 960,461 | 930,556 | |||||
| Equity investments in unconsolidated affiliates | 165,452 | 167,599 | |||||
| Goodwill, net | 16,625 | 17,828 | |||||
| Other assets, net | 31,507 | 34,848 | |||||
| Total assets | 1,192,966 | 1,182,667 | |||||
| Accounts payable | 28,564 | 29,385 | |||||
| Accrued liabilities | 13,709 | 17,593 | |||||
| Current maturities of long-term debt | 5,247 | 5,120 | |||||
| Total current liabilities | 47,520 | 52,098 | |||||
| Long-term debt | 97,513 | 100,168 | |||||
| Deferred tax liabilities | 112,606 | 109,171 | |||||
| Other long-term liabilities | 467 | 486 | |||||
| Due to parent | 345,426 | 323,049 | |||||
| Total liabilities | 603,532 | 584,972 | |||||
| Total equity | 589,434 | 597,695 | |||||
| Total liabilities and shareholders' equity | 1,192,966 | 1,182,667 | |||||
|
Consolidating Entries [Member]
|
|||||||
| Income taxes receivable | (3,402) | (10,716) | |||||
| Other current assets | (65) | 31 | |||||
| Total current assets | (3,467) | (10,685) | |||||
| Intercompany | (88,064) | (71,565) | |||||
| Property and equipment, net | (6,297) | (4,617) | |||||
| Equity investments in affiliates | (1,287,719) | (1,815,820) | |||||
| Other assets, net | (29,363) | (32,496) | |||||
| Due from subsidiaries/parent | (319,941) | (779,557) | |||||
| Total assets | (1,734,851) | (2,714,740) | |||||
| Income tax payable | (19,305) | (26,618) | |||||
| Total current liabilities | (19,305) | (26,618) | |||||
| Deferred tax liabilities | (5,501) | (5,547) | |||||
| Due to parent | (398,008) | (323,049) | |||||
| Total liabilities | (422,814) | (355,214) | |||||
| Total equity | (1,312,037) | (2,359,526) | |||||
| Total liabilities and shareholders' equity | $ (1,734,851) | $ (2,714,740) | |||||
|
|||||||
| X | ||||||||||
|
- Definition
Contributions and advances between the parent companies, subsidiary issuers or subsidiary guarantors' the following subsidiaries: (a) non-guarantor subsidiaries; (b) subsidiary issuers or subsidiary guarantors that are not 100% owned or whose guarantee is not full and unconditional; (c) subsidiary guarantors whose guarantee is not joint and several with the guarantees of the other subsidiaries; and (d) subsidiary guarantors. No definition available.
|
| X | ||||||||||
|
- Definition
Other Assets Current Excluding Income Tax Receivables No definition available.
|
| X | ||||||||||
|
- Definition
Unbilled Revenue Including Costs In Excess Of Billings No definition available.
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for current assets (assets with expected useful life shorter than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for noncurrent assets (assets with expected useful life longer than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of the sum of short-term debt and current maturities of long-term debt and capital lease obligations, which are due within one year (or one business cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of receivables due from an entity that is affiliated with the reporting entity by means of direct or indirect ownership, due after 1 year (or 1 business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of receivables owed to an entity that is affiliated with the reporting entity by means of direct or indirect ownership, which are usually due after one year (or one business cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of current obligations (due less than one year or one operating cycle, if longer) arising from the sale, disposal or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value of noncurrent obligations (due more than one year or one operating cycle, whichever is longer) relating to the sale, disposal or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation), as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Condensed Consolidated Guarantor And Non-Guarantor Financial Information (Schedule Of Condensed Consolidating Statements Of Operations) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Net revenues | $ 197,429 | $ 229,842 |
| Cost of sales | 144,862 | 157,359 |
| Gross profit | 52,567 | 72,483 |
| Loss on commodity derivative contracts | (14,113) | |
| Selling, general and administrative expenses | (23,216) | (22,415) |
| Income (loss) from operations | 15,238 | 50,068 |
| Equity in earnings of investments | 610 | 407 |
| Net interest expense and other | (14,071) | (31,534) |
| Income (loss) before income taxes | 1,777 | 18,941 |
| Income tax provision (benefit) | 443 | 1,278 |
| Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest, Total | 1,334 | 17,663 |
| Income (loss) from discontinued operations, net of tax | 1,058 | 48,853 |
| Net income (loss), including noncontrolling interests | 2,392 | 66,516 |
| Less net income applicable to noncontrolling interests | (777) | (789) |
| Net income (loss) applicable to Helix | 1,615 | 65,727 |
| Total comprehensive income (loss) applicable to Helix | (16,704) | 56,077 |
|
Helix [Member]
|
||
| Net revenues | 20,394 | 20,022 |
| Cost of sales | 16,589 | 16,621 |
| Gross profit | 3,805 | 3,401 |
| Loss on commodity derivative contracts | (2,337) | |
| Selling, general and administrative expenses | (15,790) | (11,272) |
| Income (loss) from operations | (14,322) | (7,871) |
| Equity in earnings of investments | 33,146 | 93,250 |
| Net interest expense and other | (8,780) | (30,557) |
| Income (loss) before income taxes | 10,044 | 54,822 |
| Income tax provision (benefit) | (6,268) | (10,874) |
| Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest, Total | 16,312 | 65,696 |
| Income (loss) from discontinued operations, net of tax | (14,724) | |
| Net income (loss), including noncontrolling interests | 1,588 | 65,696 |
| Net income (loss) applicable to Helix | 1,588 | 65,696 |
| Total comprehensive income (loss) applicable to Helix | 1,588 | 65,450 |
|
Guarantors [Member]
|
||
| Net revenues | 102,063 | 107,603 |
| Cost of sales | 74,370 | 75,735 |
| Gross profit | 27,693 | 31,868 |
| Loss on commodity derivative contracts | (11,776) | |
| Selling, general and administrative expenses | (3,909) | (6,596) |
| Income (loss) from operations | 12,008 | 25,272 |
| Equity in earnings of investments | (6,395) | 2,625 |
| Net interest expense and other | (1,149) | 67 |
| Income (loss) before income taxes | 4,464 | 27,964 |
| Income tax provision (benefit) | 3,805 | 8,882 |
| Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest, Total | 659 | 19,082 |
| Income (loss) from discontinued operations, net of tax | 15,782 | 48,853 |
| Net income (loss), including noncontrolling interests | 16,441 | 67,935 |
| Net income (loss) applicable to Helix | 16,441 | 67,935 |
| Total comprehensive income (loss) applicable to Helix | 9,203 | 54,380 |
|
Non-Guarantors [Member]
|
||
| Net revenues | 91,126 | 125,900 |
| Cost of sales | 70,100 | 88,445 |
| Gross profit | 21,026 | 37,455 |
| Selling, general and administrative expenses | (3,517) | (4,834) |
| Income (loss) from operations | 17,509 | 32,621 |
| Equity in earnings of investments | 610 | 407 |
| Net interest expense and other | (4,142) | (1,044) |
| Income (loss) before income taxes | 13,977 | 31,984 |
| Income tax provision (benefit) | 2,891 | 3,255 |
| Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest, Total | 11,086 | 28,729 |
| Net income (loss), including noncontrolling interests | 11,086 | 28,729 |
| Net income (loss) applicable to Helix | 11,086 | 28,729 |
| Total comprehensive income (loss) applicable to Helix | 5 | 32,884 |
|
Consolidating Entries [Member]
|
||
| Net revenues | (16,154) | (23,683) |
| Cost of sales | (16,197) | (23,442) |
| Gross profit | 43 | (241) |
| Selling, general and administrative expenses | 287 | |
| Income (loss) from operations | 43 | 46 |
| Equity in earnings of investments | (26,751) | (95,875) |
| Income (loss) before income taxes | (26,708) | (95,829) |
| Income tax provision (benefit) | 15 | 15 |
| Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest, Total | (26,723) | (95,844) |
| Net income (loss), including noncontrolling interests | (26,723) | (95,844) |
| Less net income applicable to noncontrolling interests | (777) | (789) |
| Net income (loss) applicable to Helix | (27,500) | (96,633) |
| Total comprehensive income (loss) applicable to Helix | $ (27,500) | $ (96,637) |
| X | ||||||||||
|
- Definition
Net Interest Expense and Other No definition available.
|
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of open agreements to purchase or sell mineral resources, energy, and agricultural products at some future point held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Condensed Consolidated Guarantor And Non-Guarantor Financial Information (Schedule Of Condensed Consolidating Statements Of Cash Flows) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2013
|
Mar. 31, 2012
|
|
| Net income, including noncontrolling interests | $ 2,392 | $ 66,516 |
| Other adjustments | (10,559) | (8,351) |
| Net cash provided by (used in) operating activities | (8,167) | 58,165 |
| Net cash provided (used in) by discontinued operations | (30,503) | 75,640 |
| Net cash provided by (used in) operating activities | (38,670) | 133,805 |
| Capital expenditures | (36,455) | (82,962) |
| Distributions from equity investments, net | 2,050 | 5,943 |
| Net cash provided by (used in) investing activities | (34,405) | (77,019) |
| Net cash used in discontinued operations | 582,965 | (17,860) |
| Net cash provided by (used in) investing activities | 548,560 | (94,879) |
| Borrowings of debt | 2,573 | 400,000 |
| Repayments of debt | (325,371) | (356,604) |
| Deferred financing costs | (41) | (6,337) |
| Distributions to noncontrolling interest | (1,037) | |
| Repurchases of common stock | (1,473) | (991) |
| Excess tax from stock-based compensation | 617 | (340) |
| Exercise of stock options, net and other | 174 | 381 |
| Net cash provided by (used in) financing activities | (324,558) | 36,109 |
| Effect of exchange rate changes on cash and cash equivalents | 3,218 | (1,051) |
| Net increase in cash and cash equivalents | 188,550 | 73,984 |
| Balance, beginning of year | 437,100 | 546,465 |
| Balance, end of period | 625,650 | 620,449 |
|
Helix [Member]
|
||
| Net income, including noncontrolling interests | 1,588 | 65,696 |
| Equity in earnings of affiliates | (33,146) | (93,250) |
| Other adjustments | 31,324 | 15,695 |
| Net cash provided by (used in) operating activities | (234) | (11,859) |
| Net cash provided by (used in) operating activities | (234) | (11,859) |
| Capital expenditures | 166 | (896) |
| Net cash provided by (used in) investing activities | 166 | (896) |
| Net cash provided by (used in) investing activities | 166 | (896) |
| Borrowings of debt | 2,573 | 400,000 |
| Repayments of debt | (322,842) | (354,195) |
| Deferred financing costs | (41) | (6,337) |
| Repurchases of common stock | (1,473) | (991) |
| Excess tax from stock-based compensation | 617 | (340) |
| Exercise of stock options, net and other | 174 | 381 |
| Intercompany financing | 491,057 | 45,040 |
| Net cash provided by (used in) financing activities | 170,065 | 83,558 |
| Net increase in cash and cash equivalents | 169,997 | 70,803 |
| Balance, beginning of year | 381,599 | 495,484 |
| Balance, end of period | 551,596 | 566,287 |
|
Guarantors [Member]
|
||
| Net income, including noncontrolling interests | 16,441 | 67,935 |
| Equity in earnings of affiliates | 6,395 | (2,625) |
| Other adjustments | (46,931) | (6,751) |
| Net cash provided by (used in) operating activities | (24,095) | 58,559 |
| Net cash provided (used in) by discontinued operations | (30,503) | 75,640 |
| Net cash provided by (used in) operating activities | (54,598) | 134,199 |
| Capital expenditures | (6,486) | (75,858) |
| Net cash provided by (used in) investing activities | (6,486) | (75,858) |
| Net cash used in discontinued operations | 582,965 | (17,860) |
| Net cash provided by (used in) investing activities | 576,479 | (93,718) |
| Intercompany financing | (519,043) | (40,417) |
| Net cash provided by (used in) financing activities | (519,043) | (40,417) |
| Net increase in cash and cash equivalents | 2,838 | 64 |
| Balance, beginning of year | 4,436 | 2,434 |
| Balance, end of period | 7,274 | 2,498 |
|
Non-Guarantors [Member]
|
||
| Net income, including noncontrolling interests | 11,086 | 28,729 |
| Other adjustments | 21,420 | (14,792) |
| Net cash provided by (used in) operating activities | 32,506 | 13,937 |
| Net cash provided by (used in) operating activities | 32,506 | 13,937 |
| Capital expenditures | (30,135) | (6,208) |
| Distributions from equity investments, net | 2,050 | 5,943 |
| Net cash provided by (used in) investing activities | (28,085) | (265) |
| Net cash provided by (used in) investing activities | (28,085) | (265) |
| Repayments of debt | (2,529) | (2,409) |
| Distributions to noncontrolling interest | (1,037) | |
| Intercompany financing | 11,642 | (7,095) |
| Net cash provided by (used in) financing activities | 8,076 | (9,504) |
| Effect of exchange rate changes on cash and cash equivalents | 3,218 | (1,051) |
| Net increase in cash and cash equivalents | 15,715 | 3,117 |
| Balance, beginning of year | 51,065 | 48,547 |
| Balance, end of period | 66,780 | 51,664 |
|
Consolidating Entries [Member]
|
||
| Net income, including noncontrolling interests | (26,723) | (95,844) |
| Equity in earnings of affiliates | 26,751 | 95,875 |
| Other adjustments | (16,372) | (2,503) |
| Net cash provided by (used in) operating activities | (16,344) | (2,472) |
| Net cash provided by (used in) operating activities | (16,344) | (2,472) |
| Intercompany financing | 16,344 | 2,472 |
| Net cash provided by (used in) financing activities | $ 16,344 | $ 2,472 |
| X | ||||||||||
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- Definition
Equity in earnings of affiliates. No definition available.
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| X | ||||||||||
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- Definition
Intercompany Financing No definition available.
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| X | ||||||||||
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- Definition
The amount of dividends or distributions received from unconsolidated subsidiaries, net of earnings. No definition available.
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents cash provided by or used in the investing activities of the entity's discontinued operations during the period. This element is only used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling to cash provided by or used in investing activities reflect only cash flows attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents cash provided by or used in the operating activities of the entity's discontinued operations during the period. This element is only used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling to cash provided by or used in operating activities reflect only cash flows attributable to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of excess tax benefit (tax deficiency) that arises when compensation cost from non-qualified share-based compensation recognized on the entity's tax return exceeds (is less than) compensation cost from equity-based compensation recognized in financial statements. Excess tax benefit (tax deficiency) increases (decreases) net cash provided by financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of net cash from (used in) the entity's investing activities, excluding cash flows derived by the entity from its discontinued operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of net cash from (used in) the entity's continuing operations, excluding cash flows derived by the entity from its discontinued operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to return capital to noncontrolled interest, which generally occurs when noncontrolling shareholders reduce their ownership stake (in a subsidiary of the entity). This element does not include dividends paid to noncontrolling shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from other borrowing not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
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