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Document And Entity Information
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9 Months Ended | |
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Sep. 30, 2013
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Oct. 18, 2013
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| Document And Entity Information [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Sep. 30, 2013 | |
| Document Fiscal Period Focus | Q3 | |
| 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 | 105,801,248 |
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Consolidated Balance Sheets (Parenthetical) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
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Dec. 31, 2012
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| Current assets: | ||
| Allowance for uncollectible accounts | $ 6,121 | $ 5,152 |
| Shareholders' equity: | ||
| Common stock, par value | ||
| Common stock, shares authorized | 240,000 | 240,000 |
| Common stock, shares issued | 105,794 | 105,763 |
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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2013
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Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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| Net revenues: | ||||
| Net revenues | $ 220,117 | $ 217,110 | $ 649,724 | $ 644,413 |
| Cost of sales: | ||||
| Cost of sales | 150,660 | 148,559 | 458,603 | 453,409 |
| Impairments | 10,632 | 1,600 | 32,164 | |
| Total cost of sales | 150,660 | 159,191 | 460,203 | 485,573 |
| Gross profit | 69,457 | 57,919 | 189,521 | 158,840 |
| Loss on commodity derivative contracts | (14,113) | |||
| Gain (loss) on sale of assets | 15,812 | (12,933) | 14,727 | (12,933) |
| Selling, general and administrative expenses | (22,610) | (24,770) | (65,041) | (68,754) |
| Income from operations | 62,659 | 20,216 | 125,094 | 77,153 |
| Equity in earnings of investments | 857 | 1,392 | 2,150 | 7,547 |
| Net interest expense | (6,585) | (11,285) | (28,252) | (37,407) |
| Loss on early extinguishment of long term debt | (8,572) | (12,100) | (17,127) | |
| Other income (expense), net | 2,366 | 2,109 | (1,884) | 468 |
| Other income - oil and gas | 1,681 | 5,781 | ||
| Income before income taxes | 52,406 | 12,432 | 90,789 | 30,634 |
| Income tax provision (benefit) | 7,058 | 1,270 | 16,078 | (1,405) |
| Income from continuing operations | 45,348 | 11,162 | 74,711 | 32,039 |
| Income from discontinued operations, net of tax | 44 | 4,503 | 1,073 | 95,572 |
| Net income, including noncontrolling interests | 45,392 | 15,665 | 75,784 | 127,611 |
| Less net income applicable to noncontrolling interests | (799) | (800) | (2,365) | (2,378) |
| Net income applicable to Helix | $ 44,593 | $ 14,865 | $ 73,419 | $ 125,233 |
| Basic earnings per share of common stock: | ||||
| Continuing operations | $ 0.42 | $ 0.10 | $ 0.68 | $ 0.28 |
| Discontinued operations | $ 0.04 | $ 0.01 | $ 0.91 | |
| Net income per common share | $ 0.42 | $ 0.14 | $ 0.69 | $ 1.19 |
| Diluted earnings per share of common stock: | ||||
| Continuing operations | $ 0.42 | $ 0.10 | $ 0.68 | $ 0.28 |
| Discontinued operations | $ 0.04 | $ 0.01 | $ 0.91 | |
| Net income per common share | $ 0.42 | $ 0.14 | $ 0.69 | $ 1.19 |
| Weighted average common shares outstanding: | ||||
| Basic | 105,029 | 104,256 | 105,036 | 104,450 |
| Diluted | 105,136 | 104,729 | 105,152 | 104,897 |
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Basis Of Presentation and Recent Accounting Standards
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9 Months Ended |
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Sep. 30, 2013
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| 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 wholly- and 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 wholly- and 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 (the “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 made 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- and nine-month periods ended September 30, 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 and a modification of our business segments (Note 12). 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”).
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Company Overview
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9 Months Ended |
|---|---|
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Sep. 30, 2013
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| Company Overview [Abstract] | |
| Company Overview | Note 2 — Company Overview
Contracting Services Operations
We are an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on our well intervention and robotics 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. Historically, we disaggregated our operations into two reportable segments: Contracting Services and Production Facilities. However, with the recent completion of the sale of our remaining subsea construction pipelay vessels and related equipment and the continued emphasis on expanding and growing our well intervention and robotics operations, we will, commencing this quarter, disaggregate our former Contracting Services segment into three business segments: Well Intervention, Robotics and Subsea Construction (Note 12). Our Production Facilities segment 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 Caesar and the Express, and other related pipelay equipment for a total sales price of $238.3 million. In June 2013, we completed the sale of the Caesar and related equipment for $138.3 million, which amount included $30 million of funds deposited with us at the time the agreement was entered (Note 3). We used $80.1 million of the proceeds from the sale of the Caesar to reduce our indebtedness under our former credit agreement (Note 7) and we are investing the remainder in our continuing operations, including supporting the expansion of our well intervention and robotics operations. This sale resulted in a pre-tax loss of $1.1 million that is reflected in “Gain (loss) on sale of assets” in the accompanying condensed consolidated statement of operations. In July 2013, we completed the sale of the Express for $100 million, including the remaining $20 million of previously deposited funds. A pre-tax gain of $15.6 million was recorded on the sale of the Express in the third quarter of 2013. We also entered into an agreement to sell our spoolbase and adjoining property at Ingleside, Texas for a total sales price of $45 million to the same group of companies that purchased the Caesar and the Express. The facility and adjoining property is being leased to the purchaser during the second half of 2013 and the sale is expected to close in January 2014. At the time the agreement was signed, we received a $5 million deposit, which is only refundable under limited circumstances. An additional $10 million will be paid by the purchaser at the closing of the sale with the remaining $30 million being payable over three years.
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 additional 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 and Note 7 regarding the use of a portion of the sale proceeds to reduce our indebtedness under our former credit agreement.
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Details Of Certain Accounts
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Sep. 30, 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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Oil And Gas Properties
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Sep. 30, 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 (in thousands):
(1) Results for 2013 primarily reflect the operating results from January 1, 2013 through February 6, 2013 when ERT was sold. There were no material results of operations for our former oil and gas segment subsequent to the sale of ERT.
(2) Net interest expense of $2.7 million for the nine-month period ended September 30, 2013, and $6.9 million and $20.9 million for the three- and nine-month periods ended September 30, 2012, respectively, was allocated to ERT primarily consisting of 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 repaid 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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Sep. 30, 2013
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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 nine-month periods ended September 30, 2013 and 2012 include $10.2 million and $33.1 million, respectively, of accruals for property and equipment capital expenditures.
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Equity Investments
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Sep. 30, 2013
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| Equity Investments | Note 6 — Equity Investments
As of September 30, 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 $87.5 million and $91.4 million as of September 30, 2013 and December 31, 2012, respectively (including capitalized interest of $1.3 million at September 30, 2013 and December 31, 2012).
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 $73.7 million and $76.2 million as of September 30, 2013 and December 31, 2012, respectively (including capitalized interest of $4.3 million and $4.6 million at September 30, 2013 and December 31, 2012, respectively).
We received the following distributions from these equity investments (in thousands):
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Long-Term Debt
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| Long-Term Debt | Note 7 — Long-Term Debt
Scheduled maturities of long-term debt outstanding as of September 30, 2013 are as follows (in thousands):
(1) Amount reflects the borrowings made in July 2013 (see “Credit Agreement” below).
(2) Beginning in March 2018, the holders of the Convertible Senior Notes due 2032 may require us to repurchase these notes or we may at our option elect to repurchase notes. These notes will mature in March 2032.
(3) The Convertible Senior Notes due 2032 will increase to their principal amount through accretion of non-cash interest charges through March 2018.
Included below is a summary of certain components of our indebtedness. For additional information regarding our debt, see Note 7 to our 2012 Form 10-K.
Credit Agreement
In June 2013, we entered into a Credit Agreement (the “Credit Agreement”) with a group of lenders pursuant to which we may borrow up to $300 million in a term loan (the “Term Loan”) and may borrow revolving loans (the “Revolving Loans”) under a revolving credit facility up to an outstanding amount of $600 million (the “Revolving Credit Facility”). The Revolving Credit Facility also permits us to obtain letters of credit up to the full amount of the Revolving Credit Facility. Subject to customary conditions, we may request an increase of up to $200 million in aggregate commitments with respect to the Revolving Credit Facility, additional term loans or a combination thereof. In July 2013, we borrowed $300 million under the Term Loan in connection with our early redemption of the remaining $275 million Senior Unsecured Notes outstanding (see “Senior Unsecured Notes” below).
The Term Loan and the Revolving Loans (together, the “Loans”) will, at our election, bear interest either in relation to the base rate established by Bank of America N.A. or to a LIBOR rate, provided that all Swing Line Loans (as defined in the Credit Agreement) will be base rate loans. The Term Loan currently bears interest at the LIBOR Rate plus 2.5%. In September 2013, we entered into interest rate swap contracts to fix the interest rate on $148.1 million of the Term Loan (Note 16).
The Loans or portions thereof bearing interest at the base rate will bear interest at a per annum rate equal to the base rate plus a margin ranging from 1.00% to 2.00%. The Loans or portions thereof bearing interest at a LIBOR rate will bear interest at the LIBOR rate selected by us plus a margin ranging from 2.00% to 3.00%. A letter of credit fee is payable by us equal to our applicable margin for LIBOR rate Loans multiplied by the daily amount available to be drawn under outstanding letters of credit. Margins on the Loans will vary in relation to the consolidated coverage ratio, as provided by the Credit Agreement. We also pay a fixed commitment fee of 0.5% on the unused portion of our Revolving Credit Facility. At September 30, 2013, our availability under the Revolving Credit Facility totaled $593.4 million, net of $6.6 million of letters of credit issued.
The Term Loan is repayable in scheduled principal installments of 5% in each of the initial two loan years ($15 million per year), and 10% in each of the remaining three loan years ($30 million per year), payable quarterly, with a balloon payment of $180 million at maturity. These installment amounts are subject to adjustment for any prepayments on the Term Loan. We may elect to prepay amounts outstanding under the Term Loan without premium or penalty, but may not reborrow any amounts prepaid. We may prepay amounts outstanding under the Revolving Loans without premium or penalty, and may reborrow any amounts paid up to the amount of the Revolving Credit Facility. The Loans mature on June 19, 2018. In certain circumstances, we will be required to prepay the Loans.
The Credit Agreement and the other documents entered into in connection with the Credit Agreement (together, the “Loan Documents”) include terms and conditions, including covenants, which we consider customary for this type of transaction. The covenants include restrictions on our and our subsidiaries’ ability to grant liens, incur indebtedness, make investments, merge or consolidate, sell or transfer assets, pay dividends and incur capital expenditures. In addition, the Credit Agreement obligates us to meet certain financial ratios, including the Consolidated Interest Coverage Ratio and the Consolidated Leverage Ratio (as defined in the Credit Agreement). We may designate one of our existing foreign subsidiaries, and any newly established foreign subsidiaries, as subsidiaries that are not generally subject to the covenants in the Credit Agreement (the “Unrestricted Subsidiaries”), provided we meet certain liquidity requirements, in which case the EBITDA of the Unrestricted Subsidiaries is not included in the calculations of our financial covenants. Our obligations under the Credit Agreement are guaranteed by our domestic subsidiaries (except Cal Dive I – Title XI, Inc.) and Canyon Offshore Limited. Our obligations under the Credit Agreement, and of the guarantors under their guarantee, are secured by most of our assets and assets of the guarantors and Canyon Offshore Limited, plus pledges of up to two thirds of the shares of certain foreign subsidiaries.
Former Credit Facility
Our former credit facility also contained both term loan and revolving loan components. This indebtedness was scheduled to mature on July 1, 2015. In February 2013, we repaid $318.4 million of borrowings outstanding under our former credit facility with the proceeds from the sale of ERT. In connection with the repayment of this 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 former 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.
In June 2013, we fully repaid the remaining $70.3 million of indebtedness outstanding under our former credit facility. Prior to that repayment, the principal amounts outstanding were reduced by repayments of $80.1 million of the proceeds from the sale of the Caesar in June 2013 (Note 2). Our former credit facility was replaced by our new Credit Agreement in June 2013. In connection with the repayment and termination of our former credit agreement, we recorded a $0.6 million charge to accelerate the remaining deferred financings costs associated with our indebtedness under the term loan component of our former credit facility. This charge is also a component of “Loss on early extinguishment of long-term debt” in the accompanying condensed consolidated statements of operations.
Senior Unsecured Notes
In December 2007, we issued $550 million of 9.5% Senior Unsecured Notes due 2016 (the “Senior Unsecured Notes”). Interest on the Senior Unsecured Notes was payable semi-annually in arrears on each January 15 and July 15, commencing July 15, 2008. The Senior Unsecured Notes were fully and unconditionally guaranteed by substantially all of our existing restricted domestic subsidiaries, except for Cal Dive I-Title XI, Inc. The Indenture governing the Senior Unsecured Notes provided that, prior to their 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 June 2013, we elected to redeem our remaining Senior Unsecured Notes outstanding. On July 22, 2013, we paid $282.0 million to fully redeem the Senior Unsecured Notes, including $275.0 million with respect to the principal amount outstanding, $6.5 million of call premium and $0.5 million in accrued and unpaid interest. Our third-quarter 2013 results of operations include a loss on early extinguishment of debt totaling $8.6 million, which reflects the $6.5 million call premium and a $2.1 million charge to accelerate the remaining deferred financing costs associated with the original issuance of the Senior Unsecured Notes.
In March 2012, we purchased $200.0 million of the balance then outstanding of our Senior Unsecured Notes. For this purchase, we paid a total of $213.5 million, including $200.0 million in principal, a $9.5 million call premium and $4.0 million of accrued and unpaid interest. This purchase resulted in a loss on early extinguishment of debt totaling $11.5 million, which reflects the $9.5 million call premium and a $2.0 million charge to accelerate a pro rata portion of the deferred financing costs associated with the issuance of the Senior Unsecured Notes. The loss on this early extinguishment of these notes is reflected as a component of “Loss on early extinguishment of long-term debt” in the accompanying condensed consolidated statements of operations.
Convertible Senior Notes Due 2032
In March 2012, we completed a public offering and sale of $200.0 million in aggregate principal amount of 3.25% Convertible Senior Notes due 2032 (the “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 below) in separate, privately negotiated transactions. The remaining net proceeds were used for general corporate purposes, including the repayment of other indebtedness.
The 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. 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 (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.
Prior to March 20, 2018, the 2032 Notes are not 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. In addition, 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 (the "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 in February 2027. The MARAD Debt is collateralized by the Q4000, is guaranteed 50% by us, and initially bore interest at a floating rate that 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.
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 (the “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 this 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 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 in December 2012.
Other
In accordance with our Credit Agreement, 2032 Notes and MARAD Debt agreements, we are required to comply with certain covenants and restrictions, including certain financial ratios such as consolidated interest coverage ratio and consolidated leverage ratio, as well as the maintenance of minimum net worth, working capital and debt-to-equity requirements. As of September 30, 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 amortized over the life of the respective debt agreements. The following table reflects the components of our deferred financing costs (in thousands):
(1) Relates to the term loans and revolving credit facility under our former credit agreement, which was terminated in June 2013.
(2) Relates to amounts allocated to the existing Term Loan and Revolving Credit Facility, which became effective in June 2013.
(3) In July 2013, we redeemed our remaining Senior Unsecured Notes. In connection with this redemption, we recorded a charge of $2.1 million to accelerate the remaining deferred financing costs associated with the original issuance of this debt.
The following table details the components of our net interest expense (in thousands):
(1) Interest expense of $2.8 million for the nine-month period ended September 30, 2013, and $7.1 million and $21.7 million for the three- and nine-month periods ended September 30, 2012, respectively, was allocated to ERT and is included in discontinued operations. Following the sale of ERT in February 2013, we ceased allocation of interest expense to ERT, which constitutes a discontinued operation.
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Income Taxes
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| Income Taxes | Note 8 — Income Taxes
The effective tax rates for the three- and nine-month periods ended September 30, 2013 were 13.5% and 17.7%, respectively. This was less favorable than the effective tax rates for the three- and nine-month periods ended September 30, 2012. 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 that 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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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 September 30, 2013 is related to foreign currency hedges for the Grand Canyon, the Grand Canyon II and the Grand Canyon III as well as interest rate swap contracts we entered into in September 2013, and is net of deferred income taxes totaling $5.3 million (Notes 7 and 16).
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Earnings Per Share
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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, 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- and nine-month periods ended September 30, 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). No diluted shares were included for the 2025 Notes for the three- and nine-month periods ended September 30, 2012 as the conversion trigger of $38.57 per share was not met.
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Employee Benefit Plans
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| Employee Benefit Plans | Note 11 — Employee Benefit Plans
Stock-Based Compensation Plans
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 and restated effective May 9, 2012 (the “2005 Incentive Plan”). As of September 30, 2013, there were 6.5 million shares available for issuance under the 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- and nine-month periods ended September 30, 2013 and 2012. During the nine-month period ended September 30, 2013, the following grants of other share-based awards were made to executive officers and non-employee members of our Board of Directors under the 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 certain members of our Board of Directors who have made an election to take their 2013 quarterly fees in stock in lieu of cash.
Compensation cost is recognized over the respective vesting periods on a straight-line basis. For the three- and nine-month periods ended September 30, 2013, $1.6 million and $6.7 million, respectively, were recognized as stock-based compensation expense related to share-based awards as compared with $1.8 million and $5.5 million for the three- and nine-month periods ended September 30, 2012, respectively. Additionally, for the first quarter of 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. The LTI Plans are considered liability plans and as such are re-measured to fair value each reporting period with corresponding changes in the liability amount being reflected in our results of operations.
The cash awards made under the LTI Plans totaled $5.9 million in 2013 and $4.2 million in 2012. These 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 $3.3 million ($2.1 million related to our executive officers) and $7.5 million ($4.4 million related to our executive officers) for the three- and nine-month periods ended September 30, 2013, respectively. For the three- and nine-month periods ended September 30, 2012, total compensation expense associated with the cash awards issued pursuant to the LTI Plans was $2.5 million ($2.2 million related to our executive officers) and $6.1 million ($5.1 million related to our executive officers), respectively. The liability balance for the cash awards issued under the LTI Plans was $13.2 million at September 30, 2013 and $13.0 million at December 31, 2012, including $10.2 million at September 30, 2013 and $11.7 million at December 31, 2012 associated with the cash awards issued to our executive officers under the LTI plans.
Employee Stock Purchase Plan
In May 2012, our shareholders approved the Helix Energy Solutions Group, Inc. Employee Stock Purchase Plan (the “ESPP”). The ESPP has 1.5 million authorized shares of our common stock, of which 1.3 million shares were available for issuance as of September 30, 2013. 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 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 and $0.6 million for the three- and nine-month periods ended September 30, 2013, respectively. For the three- and nine-month periods ended September 30, 2012, share-based compensation expense with respect to the ESPP was $0.1 million.
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 to our 2012 Form 10-K.
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Business Segment Information
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Sep. 30, 2013
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| Business Segment Information | Note 12 — Business Segment Information
Our operations are currently disaggregated into four business segments: Well Intervention, Robotics, Subsea Construction and Production Facilities. Our Well Intervention segment includes our vessels and related equipment that are used to perform both heavy and light well intervention services primarily in the Gulf of Mexico and North Sea regions. Our well intervention vessels include the Q4000, the Seawell, the Well Enhancer and the Skandi Constructor, which is chartered. We are currently constructing two additional well intervention vessels, the Q5000 and the Q7000. Additionally, the Helix 534, a refurbished drillship, is expected to join our fleet in December 2013. Our Robotics segment currently operates five chartered vessels and also includes ROVs, trenchers and ROVDrills designed to complement offshore construction and well intervention services. We have sold substantially all of the assets associated with our former Subsea Construction operations (Note 2). 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. 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):
(1) The 2013 amounts include the $1.1 million loss on the sale of the Caesar in June 2013 and the $15.6 million gain on the sale of the Express in July 2013 (Note 2).
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. Corporate and other includes all assets not directly identifiable with our business segments, most notably the majority of our cash and cash equivalents. The following table reflects total assets by reportable segment (in thousands):
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Related Party Transactions
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Sep. 30, 2013
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| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 13 — Related Party Transactions
Our Chief Executive Officer, Owen Kratz, through Class A limited partnership interests in OKCD Investments, Ltd. (“OKCD”), personally owns approximately 84% of the partnership. OKCD receives a royalty from ERT, which was a wholly owned subsidiary of Helix until ERT was sold in February 2013. Payments to OKCD during the period in which Helix owned ERT totaled $0.6 million in the three-month period ended March 31, 2013, and $1.8 million and $5.6 million, respectively, in the three- and nine-month periods ended September 30, 2012.
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Commitments And Contingencies
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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 September 30, 2013, our total investment in the Q5000 was $207.6 million, including $173.8 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 undergoing upgrades and modifications to render it suitable for use as a well intervention vessel. At September 30, 2013, our investment in the acquisition and subsequent upgrades to and modifications of the Helix 534 totaled $184.7 million, including related well control equipment.
In January 2013, we contracted to charter the Rem Installer for use in our robotics operations. The vessel was delivered to us in July 2013. The initial term of the charter will expire in July 2016.
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.
In September 2013, we executed a contract with the same shipyard in Singapore that is currently constructing the Q5000. This contract provides for the construction of a newbuild semi-submersible well intervention vessel, the Q7000, which will be built to North Sea standards. This $346.0 million shipyard contract represents the majority of the expected costs associated with the construction of the Q7000. Under the terms of this contract, 20% of the contract price was paid upon the signing of the contract and the remaining 80% will be paid upon the delivery of the vessel. At September 30, 2013, our total investment in the Q7000 was $74.4 million, including the $69.2 million paid to the shipyard upon signing the contract.
Contingencies and Claims
Under terms of the equity purchase agreement for the sale of ERT, we required the buyer to provide bonding in a sufficient amount as determined by the Bureau of Ocean Energy Management (“BOEM”) to cover the decommissioning costs of ERT’s lease properties and thus to replace and allow for a full discharge of our existing guaranty to the BOEM for ERT’s lease obligations. The buyer posted the bonding required by the equity purchase agreement, and we have submitted a formal request to the BOEM for a release of our guaranty.
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 ($17.5 million). 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 made these assessments and has no foundation for them. We 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 these assessments and our potential liability from them, if any, cannot be determined at this time. If the current assessments are upheld, they 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. The appellate court denied the request to grant mandamus with respect to this requested relief, but did grant a conditional writ of mandamus ordering the lower court to vacate its ruling to the extent the plaintiff failed to plead with particularity that our Board of Directors wrongfully refused his demand, and that he was a shareholder of record at the relevant time.
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 September 30, 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) Carrying value excludes the related unamortized debt discount of $27.8 million at September 30, 2013. (b) 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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Derivative Instruments And Hedging Activities
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| 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 to our 2012 Form 10-K.
Interest Rate Risk
We enter into interest rate swaps to stabilize cash flows related to our long-term debt subject to variable interest rates. In September 2013, we entered into interest rate swap contracts to fix the interest rate on $148.1 million of our Term Loan debt. These monthly contracts begin in October 2013 and extend through October 2016. Changes in the fair value of an interest rate swap are deferred to the extent the swap is effective. These changes are recorded as a component of accumulated other comprehensive income (loss) until the anticipated interest payments occur and are recognized in interest expense. The ineffective portion of the interest rate swap, if any, will be recognized immediately in earnings within the line titled “Net interest expense.”
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 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 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 remaining oil and natural gas derivative contracts as hedging instruments. In addition, under the terms of our former credit agreement (Note 7), we were required to use a portion of the proceeds from the sales of ERT, the Caesar and the Express to make payments to reduce our indebtedness. Because of the probability that the former term loan debt would be totally repaid before the expiration of our then existing interest rate swaps, we also concluded that those swaps also no longer qualified as cash flow hedges. In February 2013, we settled all of our outstanding commodity derivative contracts and then existing 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):
The following table presents the fair value and balance sheet classification of our derivative instruments that were designated as hedging instruments (in thousands):
Ineffectiveness associated with our foreign exchange and interest rate swap 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 other comprehensive income (loss) (net of tax), 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 statements of operations (in thousands):
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Details Of Certain Accounts (Tables)
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Sep. 30, 2013
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| Schedule of Other Current Assets |
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Oil And Gas Properties (Tables)
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| Schedule of Results of Discontinued Operations |
(1) Results for 2013 primarily reflect the operating results from January 1, 2013 through February 6, 2013 when ERT was sold. There were no material results of operations for our former oil and gas segment subsequent to the sale of ERT.
(2) Net interest expense of $2.7 million for the nine-month period ended September 30, 2013, and $6.9 million and $20.9 million for the three- and nine-month periods ended September 30, 2012, respectively, was allocated to ERT primarily consisting of 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 repaid upon the disposition of ERT.
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Equity Investments (Tables)
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Long-Term Debt (Tables)
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| Schedule of Maturities Of Long-Term Debt |
(1) Amount reflects the borrowings made in July 2013 (see “Credit Agreement” below).
(2) Beginning in March 2018, the holders of the Convertible Senior Notes due 2032 may require us to repurchase these notes or we may at our option elect to repurchase notes. These notes will mature in March 2032.
(3) The Convertible Senior Notes due 2032 will increase to their principal amount through accretion of non-cash interest charges through March 2018.
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| Schedule Of Redemption Price By Maturity |
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| Schedule of Deferred Financing Costs |
(1) Relates to the term loans and revolving credit facility under our former credit agreement, which was terminated in June 2013.
(2) Relates to amounts allocated to the existing Term Loan and Revolving Credit Facility, which became effective in June 2013.
(3) In July 2013, we redeemed our remaining Senior Unsecured Notes. In connection with this redemption, we recorded a charge of $2.1 million to accelerate the remaining deferred financing costs associated with the original issuance of this debt.
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| Schedule of Interest Expense And Capitalized Interest |
(1) Interest expense of $2.8 million for the nine-month period ended September 30, 2013, and $7.1 million and $21.7 million for the three- and nine-month periods ended September 30, 2012, respectively, was allocated to ERT and is included in discontinued operations. Following the sale of ERT in February 2013, we ceased allocation of interest expense to ERT, which constitutes a discontinued operation.
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Schedule Of Redemption Price By Maturity [Table Text Block] No definition available.
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Income Taxes (Tables)
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Sep. 30, 2013
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| Income Taxes [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Effective Income Tax Rate Reconciliation |
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Shareholders' Equity (Tables)
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Sep. 30, 2013
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| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Components Of Accumulated Other Comprehensive Loss |
(1) Amount at September 30, 2013 is related to foreign currency hedges for the Grand Canyon, the Grand Canyon II and the Grand Canyon III as well as interest rate swap contracts we entered into in September 2013, and is net of deferred income taxes totaling $5.3 million (Notes 7 and 16).
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Earnings Per Share (Tables)
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Sep. 30, 2013
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Computations Of Basic And Diluted EPS |
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Employee Benefit Plans (Tables)
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Sep. 30, 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 certain members of our Board of Directors who have made an election to take their 2013 quarterly fees in stock in lieu of cash.
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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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Sep. 30, 2013
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| Business Segment Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Of Segment Reporting Information By Segment |
(1) The 2013 amounts include the $1.1 million loss on the sale of the Caesar in June 2013 and the $15.6 million gain on the sale of the Express in July 2013 (Note 2).
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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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Fair Value Measurements (Tables)
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Sep. 30, 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) Carrying value excludes the related unamortized debt discount of $27.8 million at September 30, 2013. (b) 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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Derivative Instruments And Hedging Activities (Tables)
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Sep. 30, 2013
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| Derivative Instruments And Hedging Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivatives Not Designated As Hedging Instruments |
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| Derivatives 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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Company Overview (Narrative) (Details) (USD $)
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3 Months Ended | 9 Months Ended | 10 Months Ended | 1 Months Ended | 9 Months Ended | 3 Months Ended | 10 Months Ended | 9 Months Ended | 9 Months Ended | |||||||
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Sep. 30, 2013
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Jun. 30, 2013
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Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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Jul. 31, 2013
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Dec. 31, 2012
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Jun. 30, 2013
Credit Agreement [Member]
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Sep. 30, 2013
Spoolbase Facility [Member]
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Jul. 24, 2013
Spoolbase Facility [Member]
|
Sep. 30, 2013
Express Vessel [Member]
|
Jul. 31, 2013
Express Vessel [Member]
|
Jun. 30, 2013
Caesar Vessel [Member]
|
May 31, 2013
Caesar Vessel [Member]
|
Sep. 30, 2013
Over Three Years [Member]
Spoolbase Facility [Member]
|
Sep. 30, 2013
Closing Date [Member]
Spoolbase Facility [Member]
|
|
| Company Overview [Line Items] | ||||||||||||||||
| Proceeds from Divestiture of Businesses | $ 624,000,000 | |||||||||||||||
| Proceeds from sale of assets | 189,054,000 | 14,500,000 | 238,300,000 | 100,000,000 | 138,300,000 | |||||||||||
| Deposit liability current | 5,000,000 | 5,000,000 | 50,000,000 | 5,000,000 | 20,000,000 | 30,000,000 | ||||||||||
| Gain on sale or acquisition of assets, net | 15,812,000 | (1,100,000) | (12,933,000) | 14,727,000 | (12,933,000) | 15,600,000 | ||||||||||
| Repayments of Debt | 80,100,000 | |||||||||||||||
| Sales Price Of Property Plant And Equipment | 45,000,000 | |||||||||||||||
| Future sales proceeds | $ 30,000,000 | $ 10,000,000 | ||||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of proceeds expected to be received in the future for the sale of certain property, plant and equipment. No definition available.
|
| X | ||||||||||
|
- Definition
The total sales price of property, plant and equipment. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Details Of Certain Accounts (Other Current Assets) (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Details Of Certain Accounts [Abstract] | ||
| Other receivables | $ 856 | $ 1,086 |
| Prepaid insurance | 10,224 | 11,999 |
| Other prepaids | 12,066 | 11,751 |
| Spare parts inventory | 3,423 | 2,480 |
| Income tax receivable | 14,201 | |
| Current deferred tax assets | 45,711 | 43,942 |
| Derivative assets | 6 | 5,946 |
| Other | 8,194 | 5,529 |
| Total other current assets | $ 80,480 | $ 96,934 |
| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Details Of Certain Accounts (Other Assets, Net) (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Details Of Certain Accounts [Abstract] | ||
| Deferred dry dock expenses, net | $ 19,838 | $ 22,704 |
| Deferred financing costs, net | 25,412 | 24,338 |
| Intangible assets with finite lives, net | 597 | 491 |
| Other | 1,492 | 2,304 |
| Total other assets, net | $ 47,339 | $ 49,837 |
| X | ||||||||||
|
- Definition
Deferred Drydock Expenses, Net No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Details Of Certain Accounts (Accrued Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Details Of Certain Accounts [Abstract] | ||
| Accrued payroll and related benefits | $ 47,860 | $ 51,561 |
| Current asset retirement obligations | 2,471 | 2,898 |
| Unearned revenue | 10,553 | 6,137 |
| Billing in excess of cost | 2,994 | 6,445 |
| Accrued interest | 1,488 | 17,451 |
| Derivative liability (Note 16) | 2,392 | 16,266 |
| Taxes payable excluding income tax payable | 5,307 | 5,164 |
| Pipelay assets sale deposit (Note 2) | 5,000 | 50,000 |
| Other | 5,294 | 5,592 |
| Total accrued liabilities | $ 83,359 | $ 161,514 |
| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
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- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Oil And Gas Properties (Narrative) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Oil And Gas Properties [Line Items] | ||||
| Net interest expense | $ 6,585 | $ 11,285 | $ 28,252 | $ 37,407 |
|
Energy Resource Technology GOM, Inc [Member]
|
||||
| Oil And Gas Properties [Line Items] | ||||
| Net interest expense | $ 6,900 | $ 2,700 | $ 20,900 | |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Oil and Gas Properties (Income (Loss) From Discontinued Operations) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
| Income from discontinued operations, net of tax | $ 44 | $ 4,503 | $ 1,073 | $ 95,572 | |||||||
|
Energy Resource Technology GOM, Inc [Member]
|
|||||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
| Revenues | 119,124 | 48,847 | [1] | 447,142 | |||||||
| Production (lifting) costs | 47,364 | 16,017 | [1] | 124,633 | |||||||
| Exploration expense | 623 | 3,514 | [1] | 2,469 | |||||||
| Depreciation, depletion, amortization and accretion | 38,697 | 1,226 | [1] | 126,269 | |||||||
| Proved property impairment and abandonment | 4,602 | (152) | [1] | 11,919 | |||||||
| Loss on sale of oil and gas properties | 1,714 | ||||||||||
| Hedge ineffectiveness and non-hedge gain on commodity derivative contracts | 9,427 | 1,697 | |||||||||
| Selling, general and administrative expense | 3,252 | 1,229 | [1] | 9,535 | |||||||
| Net interest expense and other | 6,959 | [2] | 2,732 | [1],[2] | 21,209 | [2] | |||||
| Total costs | 110,924 | 24,566 | [1] | 299,445 | |||||||
| Pretax income from discontinued operations | 8,200 | 24,281 | [1] | 147,697 | |||||||
| Income tax provision | 3,697 | 8,499 | [1] | 52,125 | |||||||
| Income from operations of discontinued operations | 4,503 | 15,782 | [1] | 95,572 | |||||||
| Loss on sale of business, net of tax | (14,709) | [1] | |||||||||
| Income from discontinued operations, net of tax | $ 4,503 | $ 1,073 | [1] | $ 95,572 | |||||||
|
|||||||||||
| 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
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Statement Of Cash Flow Information (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Statement Of Cash Flow Information [Abstract] | ||
| Accruals for capital expenditures | $ 10.2 | $ 33.1 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Statement Of Cash Flow Information (Supplemental Cash Flow Information) (Details) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Statement Of Cash Flow Information [Abstract] | ||
| Interest paid, net of capitalized interest | $ 39,754 | $ 61,637 |
| Income taxes paid | $ 78,408 | $ 39,011 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Equity Investments (Details) (USD $)
|
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Dec. 31, 2012
|
|
| Schedule of Equity Method Investments [Line Items] | |||||
| Equity investments in unconsolidated affiliates | $ 161,200,000 | $ 161,200,000 | $ 167,599,000 | ||
| Equity in earnings of investments | 857,000 | 1,392,000 | 2,150,000 | 7,547,000 | |
|
Deepwater Gateway, L.L.C. [Member]
|
|||||
| Schedule of Equity Method Investments [Line Items] | |||||
| Equity method investment, ownership percentage | 50.00% | 50.00% | |||
| Equity investments in unconsolidated affiliates | 87,500,000 | 87,500,000 | 91,400,000 | ||
| Capitalized interest | 1,300,000 | 1,300,000 | 1,300,000 | ||
|
Independence Hub, LLC [Member]
|
|||||
| Schedule of Equity Method Investments [Line Items] | |||||
| Equity method investment, ownership percentage | 20.00% | 20.00% | |||
| Equity investments in unconsolidated affiliates | 73,700,000 | 73,700,000 | 76,200,000 | ||
| Capitalized interest | $ 4,300,000 | $ 4,300,000 | $ 4,600,000 | ||
| 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
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Equity Investments (Distributions From Equity Investments) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Schedule of Equity Method Investments [Line Items] | ||||
| Distributions from equity investments | $ 2,400 | $ 5,520 | $ 8,260 | $ 13,720 |
|
Deepwater Gateway, L.L.C. [Member]
|
||||
| Schedule of Equity Method Investments [Line Items] | ||||
| Distributions from equity investments | 1,600 | 3,407 | 5,100 | 6,807 |
|
Independence Hub, LLC [Member]
|
||||
| Schedule of Equity Method Investments [Line Items] | ||||
| Distributions from equity investments | $ 800 | $ 2,113 | $ 3,160 | $ 6,913 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Long-Term Debt (Narrative) (Details) (USD $)
|
3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Dec. 31, 2012
|
Sep. 30, 2013
Interest Rate Swaps [Member]
|
Sep. 30, 2013
Revolving Credit Facility Maturing June 2018 [Member]
|
Jul. 31, 2013
Term Loan Maturing June 2018 [Member]
|
Sep. 30, 2013
Term Loan Maturing June 2018 [Member]
|
Mar. 31, 2012
Convertible Senior Notes 2032 [Member]
|
Sep. 30, 2013
Convertible Senior Notes 2032 [Member]
|
Dec. 31, 2012
Convertible Senior Notes 2032 [Member]
|
Feb. 28, 2013
Helix Term Loan [Member]
|
Jun. 30, 2013
Helix Term Loan [Member]
|
Jun. 30, 2013
Revolving Credit Facility [Member]
|
Jul. 22, 2013
Senior Unsecured Notes [Member]
|
Mar. 31, 2012
Senior Unsecured Notes [Member]
|
Sep. 30, 2013
Senior Unsecured Notes [Member]
|
Sep. 30, 2012
Senior Unsecured Notes [Member]
|
Dec. 31, 2007
Senior Unsecured Notes [Member]
|
Feb. 28, 2013
Convertible Senior Notes 2025 [Member]
|
Dec. 31, 2012
Convertible Senior Notes 2025 [Member]
|
Mar. 31, 2005
Convertible Senior Notes 2025 [Member]
|
Mar. 31, 2012
Convertible Senior Notes 2025 [Member]
|
Sep. 30, 2012
Convertible Senior Notes 2025 [Member]
|
Sep. 30, 2013
MARAD Debt [Member]
|
Sep. 30, 2005
MARAD Debt [Member]
|
Jun. 30, 2013
Credit Agreement [Member]
|
Feb. 28, 2013
Credit Agreement [Member]
|
Sep. 30, 2013
Minimum [Member]
London Interbank Offered Rate (LIBOR) [Member]
|
Sep. 30, 2013
Minimum [Member]
Base Rate [Member]
|
Sep. 30, 2013
Maximum [Member]
London Interbank Offered Rate (LIBOR) [Member]
|
Sep. 30, 2013
Maximum [Member]
Base Rate [Member]
|
Sep. 30, 2013
Years three through five
|
Sep. 30, 2013
Years one and two
|
|||||||||||
| Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||
| Original borrowing capacity | $ 600,000,000 | $ 300,000,000 | ||||||||||||||||||||||||||||||||||||||||||
| Notional Amount of Derivative | 148,100,000 | |||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Periodic Payment, Principal, Percentage | 10.00% | 5.00% | ||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Periodic Payment, Principal | 30,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 180,000,000 | |||||||||||||||||||||||||||||||||||||||||||
| Debt instrument interest rate | 3.25% | 9.50% | 3.25% | 4.93% | ||||||||||||||||||||||||||||||||||||||||
| Base Principal Amount | 1,000 | |||||||||||||||||||||||||||||||||||||||||||
| 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 | 6,600,000 | 6,600,000 | ||||||||||||||||||||||||||||||||||||||||||
| Long-term debt, less current maturities | 548,204,000 | 548,204,000 | 1,002,621,000 | 281,250,000 | [1] | 172,162,000 | [2] | 94,792,000 | ||||||||||||||||||||||||||||||||||||
| Long-term debt, Carrying Value | 296,250,000 | 200,000,000 | 300,000,000 | 100,168,000 | ||||||||||||||||||||||||||||||||||||||||
| Aggregate amount of debt payment | 281,490,000 | 209,500,000 | 282,000,000 | 213,500,000 | ||||||||||||||||||||||||||||||||||||||||
| Repayments of debt | 70,300,000 | 275,000,000 | 200,000,000 | 80,100,000 | ||||||||||||||||||||||||||||||||||||||||
| Premium on debt extinguishment | 6,500,000 | 9,500,000 | 1,800,000 | |||||||||||||||||||||||||||||||||||||||||
| Accrued interest on notes | 500,000 | 4,000,000 | 1,100,000 | |||||||||||||||||||||||||||||||||||||||||
| Accelerated amortization of debt discount | 3,850,000 | 7,253,000 | 3,500,000 | |||||||||||||||||||||||||||||||||||||||||
| Loss on early extinguishment of debt | 8,572,000 | 12,100,000 | 17,127,000 | 8,600,000 | 11,500,000 | 5,600,000 | ||||||||||||||||||||||||||||||||||||||
| Line Of Credit Facility, Maximum Additional Commitments | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Basis Spread on Variable Rate | 2.50% | 0.20% | 2.00% | 1.00% | 3.00% | 2.00% | ||||||||||||||||||||||||||||||||||||||
| Revolving credit facility available | 593,400,000 | 593,400,000 | ||||||||||||||||||||||||||||||||||||||||||
| Debt instrument issued percentage | 100.00% | |||||||||||||||||||||||||||||||||||||||||||
| Effective interest rate | 6.90% | |||||||||||||||||||||||||||||||||||||||||||
| Per share conversion price | $ 25.02 | |||||||||||||||||||||||||||||||||||||||||||
| Amortization of deferred financing costs | 4,091,000 | 4,990,000 | 2,900,000 | 600,000 | 2,100,000 | 2,000,000 | 300,000 | |||||||||||||||||||||||||||||||||||||
| Debt Instrument, Repurchase Amount | 142,200,000 | |||||||||||||||||||||||||||||||||||||||||||
| Proceeds from Issuance of Debt | 195,000,000 | |||||||||||||||||||||||||||||||||||||||||||
| Debt percentage guaranteed | 50.00% | |||||||||||||||||||||||||||||||||||||||||||
| Debt Instrument, Unamortized Discount | 27,838,000 | [3] | 27,838,000 | [3] | 35,400,000 | 27,838,000 | [2],[3] | |||||||||||||||||||||||||||||||||||||
| Expected life used to estimate fair value | 6 years | |||||||||||||||||||||||||||||||||||||||||||
| Deferred financing costs | 10,948,000 | 7,766,000 | ||||||||||||||||||||||||||||||||||||||||||
| Repayments of debt | 370,931,000 | 10,585,000 | 3,500,000 | 154,300,000 | 318,400,000 | |||||||||||||||||||||||||||||||||||||||
| Line of Credit Facility, Commitment Fee Percentage | 0.50% | |||||||||||||||||||||||||||||||||||||||||||
| Repayments of Convertible Debt | 3,487,000 | 143,945,000 | 145,100,000 | |||||||||||||||||||||||||||||||||||||||||
| Proceeds from Issuance of Other Long-term Debt | $ 300,000,000 | $ 100,000,000 | $ 300,000,000 | |||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||
| 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
Debt Instrument Issued Percentage To Principal Amount No definition available.
|
| X | ||||||||||
|
- Definition
Debt instrument collateral percentage guaranteed No definition available.
|
| X | ||||||||||
|
- Definition
Amount of the required periodic payments applied to principal as a percentage. No definition available.
|
| X | ||||||||||
|
- Definition
Debt instrument collateral percentage guaranteed No definition available.
|
| X | ||||||||||
|
- Definition
The maximum additional commitments that may be requested under the credit facility. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
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| X | ||||||||||
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- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Long-Term Debt (Maturities Of Long-Term Debt) (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
Sep. 30, 2013
Term Loan Maturing June 2018 [Member]
|
Sep. 30, 2013
MARAD Debt [Member]
|
Sep. 30, 2013
Convertible Senior Notes 2032 [Member]
|
Mar. 31, 2012
Convertible Senior Notes 2032 [Member]
|
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt Instrument [Line Items] | |||||||||||||||
| Less than one year | $ 20,376 | $ 15,000 | [1] | $ 5,376 | |||||||||||
| One to two years | 24,394 | 18,750 | [1] | 5,644 | |||||||||||
| Two to three years | 35,926 | 30,000 | [1] | 5,926 | |||||||||||
| Three to four years | 36,222 | 30,000 | [1] | 6,222 | |||||||||||
| Four to five years | 209,032 | 202,500 | [1] | 6,532 | |||||||||||
| Over five years | 270,468 | 70,468 | 200,000 | [2] | |||||||||||
| Total debt | 596,418 | 296,250 | [1] | 100,168 | 200,000 | [2] | |||||||||
| Current maturities | (20,376) | (16,607) | (15,000) | [1] | (5,376) | ||||||||||
| Long-term debt, less current maturities | 576,042 | 281,250 | [1] | 94,792 | 200,000 | [2] | |||||||||
| Unamortized debt discount | (27,838) | [3] | (27,838) | [2],[3] | (35,400) | ||||||||||
| Long-term debt | $ 548,204 | $ 1,002,621 | $ 281,250 | [1] | $ 94,792 | $ 172,162 | [2] | ||||||||
|
|||||||||||||||
| 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
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Long-Term Debt (Schedule Of Redemption Price By Maturity) (Details)
|
9 Months Ended |
|---|---|
|
Sep. 30, 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 |
Sep. 30, 2013
|
Dec. 31, 2012
|
||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Helix Term Loan [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Gross Carrying Amount | $ 15,318 | [1] | ||||||||
| Accumulated Amortization | (11,595) | [1] | ||||||||
| Net | 3,723 | [1] | ||||||||
|
Helix Revolving Loans [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Gross Carrying Amount | 20,021 | [1] | ||||||||
| Accumulated Amortization | (12,466) | [1] | ||||||||
| Net | 7,555 | [1] | ||||||||
|
Term Loan Maturing June 2018 [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Gross Carrying Amount | 3,635 | [2] | ||||||||
| Accumulated Amortization | (182) | [2] | ||||||||
| Net | 3,453 | [2] | ||||||||
|
Revolving Credit Facility Maturing June 2018 [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Gross Carrying Amount | 13,272 | [2] | ||||||||
| Accumulated Amortization | (663) | [2] | ||||||||
| Net | 12,609 | [2] | ||||||||
|
2025 Notes [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Gross Carrying Amount | 8,189 | |||||||||
| Accumulated Amortization | (8,189) | |||||||||
|
2032 Notes [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Gross Carrying Amount | 3,759 | 4,251 | ||||||||
| Accumulated Amortization | (995) | (534) | ||||||||
| Net | 2,764 | 3,717 | ||||||||
|
Senior Unsecured Notes [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Gross Carrying Amount | 10,643 | [3] | ||||||||
| Accumulated Amortization | (8,252) | [3] | ||||||||
| Net | 2,391 | [3] | ||||||||
|
MARAD Debt [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Gross Carrying Amount | 12,200 | 12,200 | ||||||||
| Accumulated Amortization | (5,614) | (5,248) | ||||||||
| Net | 6,586 | 6,952 | ||||||||
|
Debt [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Gross Carrying Amount | 32,866 | 70,622 | ||||||||
| Accumulated Amortization | (7,454) | (46,284) | ||||||||
| Net | $ 25,412 | $ 24,338 | ||||||||
|
||||||||||
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Long-Term Debt (Interest Expense And Capitalized Interest) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|||||||
| Debt Instrument [Line Items] | ||||||||||
| Interest expense | $ 9,416 | [1] | $ 12,720 | [1] | $ 35,971 | [1] | $ 40,660 | [1] | ||
| Interest income | (271) | (228) | (903) | (569) | ||||||
| Capitalized interest | (2,560) | (1,207) | (6,816) | (2,684) | ||||||
| Net interest expense | 6,585 | 11,285 | 28,252 | 37,407 | ||||||
|
Energy Resource Technology GOM, Inc [Member]
|
||||||||||
| Debt Instrument [Line Items] | ||||||||||
| Interest expense | 7,100 | 2,800 | 21,700 | |||||||
| Net interest expense | $ 6,900 | $ 2,700 | $ 20,900 | |||||||
|
||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Income Taxes (Narrative) (Details)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Income Taxes [Abstract] | ||||
| Effective tax rate | 13.50% | 10.20% | 17.70% | (4.60%) |
| Statutory rate | 35.00% | 35.00% | 35.00% | 35.00% |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Income Taxes (Schedule of Income Tax Rate Reconciliation) (Details)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | ||||
| Statutory rate | 35.00% | 35.00% | 35.00% | 35.00% |
| Foreign provision | (12.30%) | (6.30%) | (11.80%) | (30.80%) |
| Tax return to accrual adjustment | (4.00%) | (2.80%) | (2.30%) | (1.10%) |
| Change in U.K. tax rate | (5.60%) | (12.80%) | (3.30%) | (5.20%) |
| Other | 0.40% | (2.90%) | 0.10% | (2.50%) |
| Effective tax rate | 13.50% | 10.20% | 17.70% | (4.60%) |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Shareholders' Equity (Components Of Accumulated Other Comprehensive Loss) (Details) (USD $)
|
Sep. 30, 2013
|
Dec. 31, 2012
|
|||
|---|---|---|---|---|---|
| Stockholders' Equity Note [Abstract] | |||||
| Cumulative foreign currency translation adjustment | $ (15,655,000) | $ (15,667,000) | |||
| Unrealized loss on hedges, net | (9,847,000) | [1] | |||
| Accumulated other comprehensive loss | (25,502,000) | (15,667,000) | |||
| Deferred Tax Assets, Other Comprehensive Loss | $ 5,300,000 | ||||
|
|||||
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Earnings Per Share (Narrative) (Details) (USD $)
|
9 Months Ended | 3 Months Ended | 9 Months Ended |
|---|---|---|---|
|
Sep. 30, 2013
Convertible Senior Notes 2032 [Member]
|
Sep. 30, 2012
Convertible Senior Notes 2025 [Member]
|
Sep. 30, 2012
Convertible Senior Notes 2025 [Member]
|
|
| Debt Instrument [Line Items] | |||
| Debt Instrument, Convertible, Stock Price Trigger | $ 32.53 | $ 38.57 | $ 38.57 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| 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
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Employee Benefit Plans (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Dec. 31, 2012
|
Mar. 31, 2013
Segment, Discontinued Operations [Member]
|
Sep. 30, 2013
Executive Officer [Member]
|
Sep. 30, 2012
Executive Officer [Member]
|
Sep. 30, 2013
Executive Officer [Member]
|
Sep. 30, 2012
Executive Officer [Member]
|
Dec. 31, 2012
Executive Officer [Member]
|
Sep. 30, 2013
Maximum Shares As Incentive Options Member
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||
| Percentage Of Share Of Non Vested Stock Considered As Call Option | 85.00% | 85.00% | ||||||||||
| Percentage of share of non-vested stock considered as put-option | 15.00% | |||||||||||
| Stock Authorized Shares Employee Stock Purchase Plans | 1.5 | |||||||||||
| Available Shares Employee Stock Purchase Plan | 1.3 | |||||||||||
| Shares available for grant | 6.5 | 6.5 | 2.0 | |||||||||
| Compensation cost related to restricted shares | $ 1.6 | $ 1.8 | $ 6.7 | $ 5.5 | $ 1.3 | |||||||
| Allocated Share-based Compensation Expense | 0.2 | 0.1 | 0.6 | 0.1 | ||||||||
| Deferred Compensation Arrangement with Individual, Cash Awards Granted, Amount | 5.9 | 5.9 | 4.2 | |||||||||
| Deferred Compensation Arrangement with Individual, Compensation Expense | 3.3 | 2.5 | 7.5 | 6.1 | 2.1 | 2.2 | 4.4 | 5.1 | ||||
| Deferred Compensation Cash-based Arrangements, Liability, Current | $ 13.2 | $ 13.2 | $ 13.0 | $ 10.2 | $ 10.2 | $ 11.7 | ||||||
| X | ||||||||||
|
- Definition
Number of shares available for issuance under the plan. No definition available.
|
| 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
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| 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
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Business Segment Information (Summary Of Financial Data By Segment) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | $ 220,117 | $ 217,110 | $ 649,724 | $ 644,413 | |||||||
| Income (loss) from operations | 62,659 | 20,216 | 125,094 | 77,153 | |||||||
| Equity in earnings of investments | 857 | 1,392 | 2,150 | 7,547 | |||||||
| Gain (loss) on sale of assets | 15,812 | (1,100) | (12,933) | 14,727 | (12,933) | ||||||
|
Well Intervention [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | 114,238 | 88,711 | 319,893 | 274,249 | |||||||
| Income (loss) from operations | 33,544 | 17,405 | 93,906 | 53,647 | |||||||
|
Robotics [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | 90,370 | 95,107 | 242,940 | 238,762 | |||||||
| Income (loss) from operations | 16,392 | 22,627 | 28,991 | 50,301 | |||||||
|
Subsea Construction [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | 4,120 | 37,673 | 69,305 | 162,581 | |||||||
| Income (loss) from operations | 15,088 | [1] | (7,020) | [1] | 29,031 | [1] | 7,411 | [1] | |||
| Gain (loss) on sale of assets | 15,600 | (1,100) | |||||||||
|
Production Facilities [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | 24,366 | 20,024 | 68,933 | 60,009 | |||||||
| Income (loss) from operations | 14,136 | 10,180 | 39,964 | 30,111 | |||||||
|
Corporate and Other [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Income (loss) from operations | (16,522) | (23,015) | (64,260) | (61,434) | |||||||
|
Intercompany Elimination [Member]
|
|||||||||||
| Segment Reporting Information [Line Items] | |||||||||||
| Revenues | (12,977) | (24,405) | (51,347) | (91,188) | |||||||
| Income (loss) from operations | $ 21 | $ 39 | $ (2,538) | $ (2,883) | |||||||
|
|||||||||||
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Business Segment Information (Summary Of Intercompany Segment Revenues) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Segment Reporting Information [Line Items] | ||||
| Net revenues | $ 220,117 | $ 217,110 | $ 649,724 | $ 644,413 |
|
Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | (12,977) | (24,405) | (51,347) | (91,188) |
|
Well Intervention [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | 114,238 | 88,711 | 319,893 | 274,249 |
|
Well Intervention [Member] | Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | (4,784) | (5,797) | (15,052) | (18,231) |
|
Robotics [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | 90,370 | 95,107 | 242,940 | 238,762 |
|
Robotics [Member] | Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | (8,193) | (7,099) | (31,305) | (34,684) |
|
Subsea Construction [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | 4,120 | 37,673 | 69,305 | 162,581 |
|
Subsea Construction [Member] | Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | (317) | (3,720) | ||
|
Production Facilities [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | 24,366 | 20,024 | 68,933 | 60,009 |
|
Production Facilities [Member] | Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | (11,509) | (4,673) | (34,553) | |
|
Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Net revenues | $ (12,977) | $ (24,405) | $ (51,347) | $ (91,188) |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Business Segment Information (Intercompany Segment Gross Profit (Loss)) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Segment Reporting Information [Line Items] | ||||
| Gross profit | $ 69,457 | $ 57,919 | $ 189,521 | $ 158,840 |
|
Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Gross profit | 21 | 39 | (2,538) | (2,883) |
|
Well Intervention [Member] | Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Gross profit | 45 | 57 | 91 | (1,259) |
|
Robotics [Member] | Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Gross profit | (67) | (62) | (2,602) | (98) |
|
Subsea Construction [Member] | Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Gross profit | (158) | (1,657) | ||
|
Production Facilities [Member] | Intercompany Elimination [Member]
|
||||
| Segment Reporting Information [Line Items] | ||||
| Gross profit | $ 43 | $ 44 | $ 131 | $ 131 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Business Segment Information (Intercompany Segment Assets) (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Segment Reporting Information [Line Items] | ||
| Assets | $ 2,511,906 | $ 3,386,580 |
|
Well Intervention [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Assets | 1,191,001 | 936,926 |
|
Robotics [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Assets | 276,057 | 258,117 |
|
Subsea Construction [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Assets | 57,623 | 303,479 |
|
Production Facilities [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Assets | 491,535 | 504,828 |
|
Corporate and Other [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Assets | 495,690 | 483,003 |
|
Discontinued Operations [Member]
|
||
| Segment Reporting Information [Line Items] | ||
| Assets | $ 900,227 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Related Party Transactions (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 3 Months Ended | 9 Months Ended | |
|---|---|---|---|---|
|
Sep. 30, 2013
|
Mar. 31, 2013
OKCD [Member]
|
Sep. 30, 2012
OKCD [Member]
|
Sep. 30, 2012
OKCD [Member]
|
|
| Partnership interests | 84.00% | |||
| Related party payment | $ 0.6 | $ 1.8 | $ 5.6 | |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Commitments And Contingencies (Narrative) (Details) (USD $)
|
9 Months Ended | 9 Months Ended | 1 Months Ended | 14 Months Ended | 19 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
|
Dec. 31, 2012
|
Sep. 30, 2013
Collectibility of Receivables [Member]
|
Sep. 30, 2013
Q7000 [Member]
|
Aug. 31, 2012
Helix 534 [Member]
|
Sep. 30, 2013
Helix 534 [Member]
|
Sep. 30, 2013
Q5000 [Member]
|
Sep. 30, 2013
Q5000 [Member]
|
Dec. 31, 2010
Allowance for Doubtful Accounts [Member]
|
|
| Commitments And Contingencies [Line Items] | |||||||||
| Long-term Purchase Commitment, Amount | $ 346,000,000 | $ 386,500,000 | |||||||
| Property and equipment | 1,913,000,000 | 2,051,796,000 | 74,400,000 | 184,700,000 | 207,600,000 | 207,600,000 | |||
| Payments to Acquire Property, Plant, and Equipment | 69,200,000 | 85,000,000 | 173,800,000 | ||||||
| Trade receivables collected | 303,000,000 | ||||||||
| Valuation Allowances and Reserves, Deductions | 4,000,000 | ||||||||
| Value added tax assessment | 28,000,000 | ||||||||
| Accounts Receivable Net Current | $ 150,625,000 | $ 152,233,000 | $ 17,500,000 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Value added tax assessment No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
|
|||||
|---|---|---|---|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total net liability | $ 688,950 | |||||
|
Level 1 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total net liability | 562,259 | |||||
|
Level 2 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total net liability | 126,691 | [1] | ||||
|
Level 3 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Total net liability | ||||||
|
Foreign Currency Forwards [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Assets | 6 | |||||
|
Foreign Currency Forwards [Member] | Level 1 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Assets | ||||||
|
Foreign Currency Forwards [Member] | Level 2 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Assets | 6 | [1] | ||||
|
Foreign Currency Forwards [Member] | Level 3 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Assets | ||||||
|
Interest Rate Swaps [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Assets | 421 | |||||
| Liabilities | 732 | |||||
|
Interest Rate Swaps [Member] | Level 1 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Assets | ||||||
| Liabilities | ||||||
|
Interest Rate Swaps [Member] | Level 2 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Assets | 421 | [1] | ||||
| Liabilities | 732 | [1] | ||||
|
Interest Rate Swaps [Member] | Level 3 [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Assets | ||||||
| Liabilities | ||||||
|
Fair Value Of Long Term Debt [Member]
|
||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
| Liabilities | 673,806 | [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 | 562,259 | [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 | 111,547 | [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 | 14,839 | |||||
|
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 | 14,839 | [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 | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Fair Value Measurements (Fair Value Of Long Term Debt) (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
|
|||||||
|---|---|---|---|---|---|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
| Unamortized debt discount | $ 27,838 | [1] | ||||||
|
Term Loan Maturing June 2018 [Member]
|
||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
| Long-term debt, Carrying Value | 296,250 | |||||||
| Long-term debt, Fair Value | 295,509 | [2] | ||||||
|
Convertible Senior Notes (Matures March 2032) [Member]
|
||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
| Long-term debt, Carrying Value | 200,000 | [3] | ||||||
| Long-term debt, Fair Value | 266,750 | [2],[3] | ||||||
|
MARAD Debt [Member]
|
||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
| Long-term debt, Carrying Value | 100,168 | |||||||
| Long-term debt, Fair Value | 111,547 | [2] | ||||||
|
Loan Notes [Member]
|
||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
| Long-term debt, Carrying Value | 596,418 | |||||||
| Long-term debt, Fair Value | $ 673,806 | [2] | ||||||
|
||||||||
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Derivative Instruments And Hedging Activities (Narrative) (Details)
|
1 Months Ended | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2013
USD ($)
|
Feb. 28, 2013
Oil And Natural Gas Commodity Contracts [Member]
USD ($)
|
Feb. 28, 2013
Interest Rate Swaps [Member]
USD ($)
|
Sep. 30, 2013
Interest Rate Swaps [Member]
USD ($)
|
Sep. 30, 2013
Interest Rate Swaps [Member]
Accrued Liabilities [Member]
USD ($)
|
Sep. 30, 2013
Foreign Exchange Contracts [Member]
Accrued Liabilities [Member]
USD ($)
|
Sep. 30, 2013
Foreign Exchange Contracts [Member]
Other Liabilities [Member]
USD ($)
|
Sep. 30, 2013
Grand Canyon I I I [Member]
USD ($)
|
Sep. 30, 2013
Grand Canyon I I I [Member]
NOK
|
Sep. 30, 2013
Grand Canyon I I [Member]
USD ($)
|
Sep. 30, 2013
Grand Canyon I I [Member]
NOK
|
Sep. 30, 2013
Grand Canyon [Member]
USD ($)
|
Sep. 30, 2013
Grand Canyon [Member]
NOK
|
|
| Derivative [Line Items] | |||||||||||||
| Liability derivatives designated as hedging instruments | $ 15,571,000 | $ 732,000 | $ 1,660,000 | $ 13,179,000 | |||||||||
| Derivative Cash Settlement | 22,500,000 | 600,000 | |||||||||||
| Notional Amount of Derivative | $ 148,100,000 | $ 98,800,000 | 595,000,000 | $ 100,400,000 | 594,700,000 | $ 104,600,000 | 591,300,000 | ||||||
| X | ||||||||||
|
- Definition
The amount of cash paid on settlement of derivative. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Derivative Instruments And Hedging Activities (Derivatives Not Designated As Hedging Instruments) (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Derivative [Line Items] | ||
| Asset derivatives not designated as hedging instruments | $ 6 | $ 5,946 |
| Liability derivatives not designated as hedging instruments | 16,298 | |
|
Accrued Liabilities [Member] | Oil Contract [Member]
|
||
| Derivative [Line Items] | ||
| Liability derivatives not designated as hedging instruments | 15,777 | |
|
Accrued Liabilities [Member] | Interest Rate Swaps [Member]
|
||
| Derivative [Line Items] | ||
| Liability derivatives not designated as hedging instruments | 489 | |
|
Other Liabilities [Member] | Interest Rate Swaps [Member]
|
||
| Derivative [Line Items] | ||
| Liability derivatives not designated as hedging instruments | 32 | |
|
Other Current Assets [Member] | Foreign Exchange Contracts [Member]
|
||
| Derivative [Line Items] | ||
| Asset derivatives not designated as hedging instruments | 6 | 146 |
|
Other Current Assets [Member] | Oil Contract [Member]
|
||
| Derivative [Line Items] | ||
| Asset derivatives not designated as hedging instruments | $ 5,800 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Derivative Instruments And Hedging Activities (Derivatives Designated As Hedging Instruments) (Details) (USD $)
In Thousands, unless otherwise specified |
Sep. 30, 2013
|
|---|---|
| Derivatives, Fair Value [Line Items] | |
| Asset derivatives designated as hedging instruments | $ 421 |
| Liability derivatives designated as hedging instruments | 15,571 |
|
Other Assets, Net [Member] | Interest Rate Swaps [Member]
|
|
| Derivatives, Fair Value [Line Items] | |
| Asset derivatives designated as hedging instruments | 421 |
|
Other Liabilities [Member] | Foreign Exchange Contracts [Member]
|
|
| Derivatives, Fair Value [Line Items] | |
| Liability derivatives designated as hedging instruments | 13,179 |
|
Accrued Liabilities [Member] | Interest Rate Swaps [Member]
|
|
| Derivatives, Fair Value [Line Items] | |
| Liability derivatives designated as hedging instruments | 732 |
|
Accrued Liabilities [Member] | Foreign Exchange Contracts [Member]
|
|
| Derivatives, Fair Value [Line Items] | |
| Liability derivatives designated as hedging instruments | $ 1,660 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|
|
Derivative Instruments And Hedging Activities (Impact Of Derivative Instruments On Accumulated Comprehensive Income (Loss)) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | $ 984 | $ (20,036) | $ (9,847) | $ (21,158) |
|
Foreign Exchange Contracts [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | 1,186 | (9,645) | ||
|
Oil And Natural Gas Commodity Contracts [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | (19,868) | (20,664) | ||
|
Interest Rate Swaps [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | $ (202) | $ (168) | $ (202) | $ (494) |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Derivative Instruments And Hedging Activities (Gain (Loss) Reclassified From Accumulated OCI Into Income) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | $ (396) | $ 293 | $ (900) | $ 8,112 |
|
Oil And Natural Gas Commodity Contracts [Member] | Income From Discontinued Operations Net Of Tax [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | 414 | 8,546 | ||
|
Interest Rate Swaps [Member] | Net Interest Expense [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | (121) | (434) | ||
|
Foreign Exchange Contracts [Member] | Cost of Sales [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | $ (396) | $ (900) | ||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
|
Derivative Instruments And Hedging Activities (Impact Of Non Designated Derivative Instruments On Income Statement) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Recognized in Income on Derivatives | $ 498 | $ 850 | $ (14,892) | $ 1,014 |
|
Oil And Natural Gas Commodity Contracts [Member] | Non Hedge Loss On Commodity Derivative Contracts [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Recognized in Income on Derivatives | (14,113) | |||
|
Oil And Natural Gas Commodity Contracts [Member] | Income From Discontinued Operations Net Of Tax [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Recognized in Income on Derivatives | 633 | 633 | ||
|
Interest Rate Swaps [Member] | Other Expense [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Recognized in Income on Derivatives | (86) | |||
|
Foreign Exchange Contracts [Member] | Other Expense [Member]
|
||||
| Derivative Instruments, Gain (Loss) [Line Items] | ||||
| Gain (Loss) Recognized in Income on Derivatives | $ 498 | $ 217 | $ (693) | $ 381 |
| X | ||||||||||
|
- Definition
No authoritative reference available. No definition available.
|
| X | ||||||||||
|
- Details
|