Document And Entity Information (USD $)
In Billions, except Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
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Feb. 18, 2014
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Jun. 30, 2013
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Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2013 | ||
Document Fiscal Period Focus | FY | ||
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 | 105,733,623 | ||
Entity Current Reporting Status | Yes | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Public Float | $ 2.3 |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Details
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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X | ||||||||||
- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for current assets (assets with expected useful life shorter than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate value (measured at the lower of net carrying value or fair value less cost of disposal) for noncurrent assets (assets with expected useful life longer than one year or one operating cycle, whichever is longer) of a disposal group, including a component of the entity (discontinued operation), to be sold or that has subsequently been disposed of through sale, as of the financial statement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of receivable reflecting the cost incurred on uncompleted contracts in excess of related billings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Carrying value as of the balance sheet date of current obligations (due less than one year or one operating cycle, if longer) arising from the sale, disposal or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value of noncurrent obligations (due more than one year or one operating cycle, whichever is longer) relating to the sale, disposal or planned sale in the near future (generally within one year) of a disposal group, including a component of the entity (discontinued operation), as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Unbilled amounts due for services rendered or to be rendered, actions taken or to be taken, or a promise to refrain from taking certain actions in accordance with the terms of a legally binding agreement between the entity and, at a minimum, one other party. An example would be amounts associated with contracts or programs where the recognized revenue for performance thereunder exceeds the amounts billed under the terms thereof as of the date of the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified |
Dec. 31, 2013
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Dec. 31, 2012
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Current assets: | ||
Allowance for uncollectible accounts | $ 2,234 | $ 5,152 |
Shareholders' equity: | ||
Common stock, par value | ||
Common stock, shares authorized | 240,000,000 | 240,000,000 |
Common stock, shares issued | 105,640,000 | 105,763,000 |
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Face amount per share of no-par value common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of increase (decrease) in fair value of commodity derivatives recognized in the income statement. No definition available.
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Costs incurred and are directly related to generating contract revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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X | ||||||||||
- Definition
The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Before tax amount of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivatives de-designated as cash flow hedges. No definition available.
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X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax of (increase) decrease in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of tax expense (benefit), after reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount before tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Adjustment to additional paid in capital resulting from the recognition of convertible debt instruments as two separate components - a debt component and an equity component. This bifurcation may result in a basis difference associated with the liability component that represents a temporary difference for purposes of applying accounting for income taxes. The initial recognition of deferred taxes for the tax effect of that temporary difference is as an adjustment to additional paid in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase in additional paid in capital (APIC) resulting from a tax benefit associated with share-based compensation plan other than an employee stock ownership plan (ESOP). Includes, but is not limited to, excess tax benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Borrowing under revolving credit facility No definition available.
|
X | ||||||||||
- Definition
The amount of dividends or distributions received from unconsolidated subsidiaries, net of earnings. No definition available.
|
X | ||||||||||
- Definition
Repayment of revolving credit facility No definition available.
|
X | ||||||||||
- Definition
The cash outflows from the payment of collateralized debt obligation (backed by a lien on the entity's assets) to MARAD, a U.S. governmental agency. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) of investing activities of discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for the extinguishment of long-term borrowing, with the highest claim on the assets of the entity in case of bankruptcy or liquidation, before its maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) on sale or disposal of equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the carrying amount of asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from other long-term borrowings not otherwise defined in the taxonomy (with maturities initially due beyond one year or the normal operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with the amount received from the stock plan during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow from the repayment of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Organization
|
12 Months Ended |
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Dec. 31, 2013
|
|
Organization [Abstract] | |
Organization | Note 1 — Organization
Effective March 6, 2006, we changed our name from Cal Dive International, Inc. to Helix Energy Solutions Group, Inc. (“Helix” or the “Company”). Unless the context indicates otherwise, the terms “we,” “us” and “our” in this Annual Report refer collectively to Helix and its subsidiaries. We are an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. We primarily conduct operations in the Gulf of Mexico, North Sea, Asia Pacific, and West Africa regions. Until June 2009, Cal Dive International, Inc. (collectively with its subsidiaries referred to as “Cal Dive”) was a majority-owned subsidiary of Helix. We sold substantially all of our then remaining ownership interests in Cal Dive during 2009 (Note 2). In February 2013, we sold Energy Resource Technology GOM, Inc. (“ERT”), a former wholly-owned U.S. subsidiary that conducted our oil and gas operations in the Gulf of Mexico. Our former Oil and Gas segment was involved in prospect generation, exploration, development and production activities.
Our 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 reported our operations as two segments: Contracting Services and Production Facilities. With the completion of the sale of our two remaining subsea construction pipelay vessels and the continued emphasis on growing our well intervention and robotics businesses, we have disaggregated our former Contracting Services segment into three business segments: Well Intervention, Robotics and Subsea Construction (Note 14). Our Subsea Construction activities are now significantly diminished following the sale of substantially all of our existing assets related to this reportable segment. Our Production Facilities segment includes the majority ownership of the Helix Producer I (the “HP I”) vessel as well as our equity investments in Deepwater Gateway, L.L.C. (“Deepwater Gateway”) and Independence Hub, LLC (“Independence Hub”) (Note 5). It also includes the Helix Fast Response System (the “HFRS”), which includes access to our Q4000 and HP I vessels. In 2011, we signed an agreement with Clean Gulf Associates ("CGA"), a non-profit industry group, allowing, in exchange for a retainer fee, the HFRS to be named as a response resource in permit applications to federal and state agencies and making the HFRS available to certain CGA participants who executed utilization agreements with us. In addition, we entered into separate utilization agreements with CGA members that specified the day rates to be charged should the HFRS be deployed in connection with a well control incident. The original set of agreements expired on March 31, 2013, and we entered into a new set of substantially similar agreements with the operators who formed HWCG LLC, a Delaware limited liability company comprised of some of the original CGA members as well as other industry participants to perform the same functions as CGA with respect to the HFRS. These agreements became effective April 1, 2013, and are for a four-year term.
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 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 consolidated financial statements. See Note 3 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.
|
X | ||||||||||
- Definition
The entire disclosure for the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Summary Of Significant Accounting Policies
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Significant Accounting Policies | Note 2 — Summary of Significant Accounting Policies
Principles of Consolidation
Our consolidated financial statements include the accounts of majority-owned subsidiaries. The equity method is used to account for investments in affiliates in which we do not have majority ownership, but have the ability to exert significant influence. We account for our Deepwater Gateway, Independence Hub and former Australian joint venture investments under the equity method of accounting. Noncontrolling interests represent the minority shareholders’ proportionate share of the equity in Kommandor LLC (Note 6). All material intercompany accounts and transactions have been eliminated.
Reclassifications
Certain reclassifications were made to previously-reported amounts in the 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 oil and gas operations. As noted in Note 1, ERT qualified as discontinued operations following the announcement of the definitive agreement for the sale of ERT. Accordingly, all operations and financial positions related to ERT have been presented as discontinued operations even if they did not qualify as a discontinued operation in that period.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents
Cash and cash equivalents are highly liquid financial instruments with original maturities of three months or less. They are carried at cost plus accrued interest, which approximates fair value.
Statement of Cash Flow Information
The following table provides supplemental cash flow information for the periods stated (in thousands):
Total non-cash investing activities for the years ended December 31, 2013, 2012 and 2011 include $9.5 million, $51.1 million and $26.1 million, respectively, of accruals for property and equipment capital expenditures.
Accounts Receivable and Allowance for Uncollectible Accounts
Accounts receivable are stated at the historical carrying amount net of write-offs and allowance for uncollectible accounts. The amount of our net accounts receivable approximates fair value. We establish an allowance for uncollectible accounts receivable based on historical experience and any specific customer collection issues that we have identified. Uncollectible accounts receivable are written off when a settlement is reached for an amount that is less than the outstanding historical balance or when we have determined that the balance will not be collected (Note 15).
Property and Equipment
Overview. Property and equipment is recorded at cost. Property and equipment is depreciated on a straight line basis over the estimated useful life of each respective asset. The following is a summary of the gross components of property and equipment (dollars in thousands):
The cost of repairs and maintenance is charged to expense as incurred, while the cost of improvements is capitalized. Repair and maintenance expense totaled $31.5 million, $39.3 million and $32.3 million for the years ended December 31, 2013, 2012 and 2011, respectively. Included in machinery, equipment, buildings and leasehold improvements were $17.5 million and $18.5 million of capitalized software costs ($4.8 million and $6.0 million, net of accumulated amortization) at December 31, 2013 and 2012, respectively. The total amount charged to expense related to the amortization of these software costs was $1.8 million for the year ended December 31, 2013 and $2.6 million during each of the years ended December 31, 2012 and 2011.
Assets used in operations are assessed for impairment whenever changes in facts and circumstances indicate a possible significant deterioration in the future cash flows expected to be generated by an asset group. If, upon review, the sum of the undiscounted pretax cash flows is less than the carrying value of the asset group, the carrying value is written down to estimated fair value and reported as an impairment charge in the periods in which the determination of the impairment is made. Individual assets are grouped for impairment purposes at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows of other groups of assets. Our marine vessels are assessed on a vessel by vessel basis, while our remotely operated vehicles (“ROVs”) are grouped and assessed by asset class. Because there usually is a lack of quoted market prices for long-lived assets, the fair value of impaired assets is typically determined based on the present values of expected future cash flows using discount rates believed to be consistent with those used by principal market participants or based on a multiple of operating cash flows validated with historical market transactions of similar assets where possible. The expected future cash flows used for impairment reviews and related fair value calculations are based on assessments of operating costs, project margins and capital project decisions, considering all available information at the date of review. If an impairment has occurred, we recognize a loss for the difference between the carrying amount and the fair value of the asset. These fair value measurements fall within Level 3 of the fair value hierarchy.
In 2011, in connection with the reorganization of our Australian well intervention operations, we conducted an impairment assessment of its well intervention equipment, which resulted in a $6.6 million charge to reduce the carrying value of such well intervention equipment to its then estimated fair value. In 2012, we decided to discontinue our well intervention operations in Australia. We recorded a $4.6 million impairment charge to reduce our well intervention assets in Australia to their fair value of $5.0 million. In 2012, as a result of diminished work opportunities for the Intrepid, we placed the subsea construction vessel in cold-stack mode and later sold the vessel for $14.5 million in cash, which resulted in asset impairment and related loss on disposal charges totaling $28.1 million. Also in 2012, we entered into an agreement to sell our two remaining subsea construction pipelay vessels, the Caesar and the Express, and other related pipelay equipment for a total sales price of $238.3 million. In connection with the announcement of the sale of our remaining subsea construction pipelay vessels and related equipment, we recorded an impairment charge of $157.8 million to reduce the carrying cost of the Caesar and other related pipelay equipment to their respective fair values as determined by the definitive sales agreement. 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 into by the parties. In July 2013, we completed the sale of the Express for $100 million, including the remaining $20 million of previously deposited funds. In June 2013, we entered into an agreement to sell our spoolbase property located in Ingleside, Texas for $45 million to the same group of companies that acquired the Caesar and the Express. In January 2014, we closed the sale of our Ingleside spoolbase. In connection with this sale, we received $15 million in cash, including a $5 million deposit we received at the time the agreement was signed, and hold a $30 million promissory note, in which a $10 million principal reduction in the note’s balance is required to be paid to us on each December 31 in 2014, 2015 and 2016. See Note 3 for disclosure related to the impairment charges associated with certain of our former oil and gas properties.
Assets are classified as held for sale when we have a formalized plan for disposal and those assets meet the held for sale criteria. Our continuing operations had no assets meeting the requirements to be classified as assets held for sale at December 31, 2013 and 2012.
Interest from external borrowings is capitalized on major projects until the assets are ready for their intended use. Capitalized interest is added to the cost of the underlying asset and is amortized over the useful life of the asset in the same manner as the underlying asset. The total of our interest expense capitalized during each of the three years ended December 31, 2013, 2012 and 2011 was $10.4 million, $4.9 million and $1.3 million, respectively.
Equity Investments
We periodically review our equity investments in Deepwater Gateway and Independence Hub for impairment. Under the equity method of accounting, an impairment loss would be recorded whenever the fair value of an equity investment is determined to be below its carrying amount and the reduction is considered to be other than temporary. In judging “other than temporary,” we would consider the length of time and extent to which the fair value of the investment has been less than the carrying amount of the equity investment, the near-term and long-term operating and financial prospects of the equity company and our longer-term intent of retaining the investment in the entity. We previously invested in an Australian joint venture that engaged in well intervention operations in the Southeast Asia region. We fully impaired our investment in that joint venture and recorded a $10.6 million other than temporary impairment charge in 2011. We exited this Australian joint venture in 2012.
Goodwill and Other Intangible Assets
We are required to perform an annual impairment analysis of goodwill. We elected November 1 to be our annual impairment assessment date for goodwill. However, we could be required to evaluate the recoverability of goodwill prior to the annual assessment date if we experience disruption to the business, unexpected significant declines in operating results, divestiture of a significant component of the business, emergence of unanticipated competition, loss of key personnel or a sustained decline in market capitalization. Our goodwill impairment test involves a comparison of the fair value with our carrying amount. The fair value is determined using discounted cash flows and other market-related valuation models. At the time of our annual assessment of goodwill on November 1, 2013, we had two reporting units with goodwill.
Goodwill impairment is determined using a two-step process. The first step is to identify if a potential impairment exists by comparing the fair value of the reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered to have a potential impairment and the second step of the impairment test is not necessary. However, if the carrying amount of a reporting unit exceeds its fair value, the second step is performed to determine if goodwill is impaired and to measure the amount of impairment loss to recognize, if any.
The second step compares the implied fair value of goodwill with the carrying amount of goodwill. If the implied fair value of goodwill exceeds the carrying amount, then goodwill is not considered impaired. However, if the carrying amount of goodwill exceeds the implied fair value, an impairment loss is recognized in an amount equal to that excess. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination (i.e., the fair value of the reporting unit is allocated to all the assets and liabilities, including any unrecognized intangible assets, as if the reporting unit were acquired in a business combination).
We use both the income approach and the market approach to estimate the fair value of our reporting units under the first step of our goodwill impairment assessment. Under the income approach, a discounted cash flow analysis is performed requiring us to make various judgmental assumptions about future revenue, operating margins, growth rates and discount rates. These judgmental assumptions are based on our budgets, long-term business plans, economic projections, anticipated future cash flows and market place data. Under the market approach, the fair value of each reporting unit is calculated by applying an average peer total invested capital EBITDA (defined as earnings before interest, income taxes and depreciation and amortization) multiple to the upcoming fiscal year’s forecasted EBITDA for each reporting unit. Judgment is required when selecting peer companies that operate in the same or similar lines of business and are potentially subject to the same economic risks.
Our goodwill at December 31, 2013, 2012 and 2011 was associated with our Well Intervention and Robotics segments. In our 2013 goodwill impairment analysis, the fair value of both of our reporting units with goodwill exceeded their respective carrying value. Therefore, we concluded that our goodwill at December 31, 2013 was not impaired. As a result of the adoption of an update issued by the Financial Accounting Standards Board (the “FASB”) in 2011 to simplify goodwill impairment testing, we performed qualitative assessments during 2012 and 2011 to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount including goodwill. Based on the then current and historical evidence supporting these reporting units’ carrying value being sufficient to maintain their recorded goodwill amounts, we concluded that there was no indication of goodwill impairment and we did not perform the quantitative step one impairment analysis. We continue to monitor the current and future operations of these two reporting units to determine whether or not the quantitative assessment is once again necessary. We conduct the quantitative test at least every three years with the latest such test occurring on November 1, 2013.
The changes in the carrying amount of goodwill are as follows (in thousands):
(1) Reflects foreign currency adjustment for certain amounts of our goodwill.
Our intangible assets, other than goodwill, consist of intellectual property and patented technology related to our well intervention operations. We amortize these intangible assets on a straight-line basis over their estimated useful life or their legal life, whichever is shorter. At December 31, 2013, our remaining intangible assets, other than goodwill, totaled $1.9 million ($0.6 million, net of accumulated amortization of $1.3 million). Total amortization expense for intangible assets was $0.1 million for each of the years ended December 31, 2013, 2012, and 2011.
Recertification Costs and Deferred Dry Dock Charges
Our vessels are required by regulation to be recertified after certain periods of time. Recertification costs are incurred while a vessel is in dry dock. In addition, routine repairs and maintenance are performed and at times, major replacements and improvements are performed. We expense routine repairs and maintenance costs as they are incurred. We defer and amortize dry dock and related recertification costs over the length of time for which we expect to receive benefits from the dry dock and related recertification, which is generally 30 months but can be as long as 60 months if the appropriate permitting is obtained. A dry dock and related recertification process typically lasts one to two months, a period during which the vessel is idle and generally not available to earn revenue. Major replacements and improvements that extend the vessel’s economic useful life or functional operating capability are capitalized and depreciated over the vessel’s remaining economic useful life.
As of December 31, 2013 and 2012, capitalized deferred dry dock charges included within “Other assets, net” in the accompanying consolidated balance sheets (Note 4) totaled $24.8 million and $22.7 million, respectively, net of accumulated amortization of $14.5 million and $5.9 million, respectively. During the years ended December 31, 2013, 2012 and 2011, dry dock amortization expense was $14.8 million, $8.6 million and $7.6 million, respectively.
Convertible Preferred Stock
In December 2012, the holder of the remaining $1 million of Convertible Preferred Stock converted it into 361,402 shares of our common stock. We had previously presented the Convertible Preferred Stock below liabilities but not as a component of shareholders’ equity, because we were, under certain instances, required to settle any future conversions in cash. The dividend rate was 4% for 2012 and 2011. Our Convertible Preferred Stock was assessed for inclusion in our diluted earnings per share calculation using the if converted method (see “Earnings Per Share”) below.
Revenue Recognition
Revenues from our services are derived from contracts, which are both short-term and long-term in duration. Our long-term services contracts are contracts that contain either lump-sum, turnkey provisions or provisions for specific time, material and equipment charges, which are billed in accordance with the terms of such contracts. We recognize revenue as it is earned at estimated collectible amounts. Further, we record revenues net of taxes collected from customers and remitted to governmental authorities.
Unbilled revenue represents revenue attributable to work completed prior to period end that has not yet been invoiced. All amounts included in unbilled revenue at December 31, 2013 and 2012 are expected to be billed and collected within one year.
Dayrate Contracts. Revenues generated from specific time, materials and equipment contracts are generally earned on a dayrate basis and recognized as amounts are earned in accordance with contract terms. In connection with these contracts, we may receive revenues for mobilization of equipment and personnel. Revenues related to mobilization are deferred and recognized over the period in which contracted services are performed using the straight-line method. Incremental costs incurred directly for mobilization of equipment and personnel to the contracted site, which typically consist of materials, supplies and transit costs, are also deferred and recognized using the same method. Our policy to amortize the revenues and costs related to mobilization on a straight-line basis over the estimated contract service period is consistent with the general pace of activity, level of services being provided and dayrates being earned over the service period of the contract. Mobilization costs to move vessels when a contract does not exist are expensed as incurred.
Turnkey Contracts. Revenue on significant turnkey contracts is recognized under the percentage-of-completion method based on the ratio of costs incurred to total estimated costs at completion. In determining whether a contract should be accounted for using the percentage-of-completion method, we consider whether:
Under the percentage-of-completion method, we recognize estimated contract revenue based on costs incurred to date as a percentage of total estimated costs. Changes in the expected cost of materials and labor, productivity, scheduling and other factors affect the total estimated costs. Additionally, external factors, including weather and other factors outside of our control, may also affect the progress and estimated cost of a project’s completion and, therefore, the timing of income and revenue recognition. We routinely review estimates related to our contracts and reflect revisions to profitability in earnings on a current basis. If a current estimate of total contract cost indicates an ultimate loss on a contract, we recognize the projected loss in full when it is first determined. We recognize additional contract revenue related to claims when the claim is probable and legally enforceable.
Whenever we have a contract that qualifies as a loss contract, we estimate the future shortfall between our anticipated future revenues and future costs.
Income Taxes
Deferred income taxes are based on the differences between financial reporting and tax bases of assets and liabilities. We utilize the liability method of computing deferred income taxes. The liability method is based on the amount of current and future taxes payable using tax rates and laws in effect at the balance sheet date. Income taxes have been provided based upon the tax laws and rates in the countries in which operations are conducted and income is earned. A valuation allowance for deferred tax assets is recorded when it is more likely than not that some or all of the benefit from the deferred tax asset will not be realized. We consider the undistributed earnings of our principal non-U.S. subsidiaries to be permanently reinvested.
It is our policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. At December 31, 2013, we believe we have appropriately accounted for any unrecognized tax benefits. To the extent we prevail in matters for which a liability for an unrecognized tax benefit is established or are required to pay amounts in excess of the liability, our effective tax rate in a given financial statement period may be affected.
Foreign Currency
Because we operate in various regions in the world, we conduct a portion of our business in currencies other than the U.S. dollar (primarily with respect to Helix Well Ops (U.K.) Limited (“WOUK”)). The functional currency for WOUK is the applicable local currency (British Pound). Previously, our Australian well intervention subsidiary (“WOSEA”) had the Australian Dollar as its functional currency. We ceased operations in Australia in 2012. Results of operations for these subsidiaries are translated into U.S. dollars using average exchange rates during the period. Assets and liabilities of these foreign subsidiaries are translated into U.S. dollars using the exchange rate in effect at December 31, 2013 and 2012 and the resulting translation adjustments, which were unrealized gains of $5.0 million and $7.3 million, respectively, are included in accumulated other comprehensive income (loss), a component of shareholders’ equity. All foreign currency transaction gains and losses are recognized currently in the consolidated statements of operations.
Our foreign currency gains (losses) totaling $0.7 million in 2013, $(0.5) million in 2012 and $(2.1) million in 2011 are included in “Other income (expense), net” in the accompanying consolidated statements of operations. These realized amounts are exclusive of any unrealized gains or losses from our foreign currency exchange derivative contracts.
Derivative Instruments and Hedging Activities
Our continuing operations are exposed to market risks 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 consolidated balance sheets at fair value.
We formally document all relationships between hedging instruments and the related hedged items, as well as our risk management objectives, strategies for undertaking various hedge transactions and our methods for assessing and testing correlation and hedge ineffectiveness. All hedging instruments are linked to the hedged asset, liability, firm commitment or forecasted transaction. We also assess, both at the inception of the hedge and on an on-going basis, whether the derivatives that are used in our hedging transactions are highly effective in offsetting changes in cash flows of the hedged items. We discontinue hedge accounting if we determine that a derivative is no longer highly effective as a hedge, or it is probable that a hedged transaction will not occur. If hedge accounting is discontinued because it is probable the hedged transaction will not occur, deferred gains or losses on the hedging instruments are recognized in earnings immediately. If the forecasted transaction continues to be probable of occurring, any deferred gains or losses in accumulated other comprehensive income (loss) are amortized to earnings over the remaining period of the original forecasted transaction.
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.
Interest Rate Risk
We enter into interest rate swaps from time to time to stabilize cash flows related to our long-term debt subject to variable interest rates. 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, is recognized immediately in earnings within the line titled “Net interest expense.” The amount of ineffectiveness associated with our interest rate swap contracts was immaterial for all periods presented.
Since January 2010, we had interest rate swap contracts to fix the interest rate on $200 million of indebtedness under our former credit facility. The last of these monthly contracts would have matured in January 2014. Under the terms of our former credit facility, we were required to use a portion of the proceeds from the sales of the Caesar, the Express and ERT to make payments to reduce our indebtedness. Because it was probable that we would pay off the corresponding indebtedness before the expiration of our interest rate swaps, we concluded in December 2012 that the swaps no longer qualified as cash flow hedges. Thus, at December 31, 2012, we recorded losses of approximately $0.6 million ($0.4 million net of tax) to reflect the mark-to-market adjustments for changes in the fair values of the interest rate swaps. In February 2013, we settled all of our interest rate swap contracts remaining at December 31, 2012 for $0.6 million.
In September 2013, we entered into interest rate swap contracts to fix the interest rate on $148.1 million of our Term Loan debt (Note 7). These monthly contracts began in October 2013 and extend through October 2016. The fair value of our remaining interest rate swaps was a net liability of $0.3 million and $0.5 million at December 31, 2013 and 2012, respectively.
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 exchange contracts to stabilize expected cash outflows relating to certain vessel charters that are denominated in British pounds and Norwegian kroner. The aggregate fair value of the foreign exchange contracts was a net liability of $15.0 million at December 31, 2013 and a net asset of $0.1 million at December 31, 2012.
In January 2013, we entered into foreign currency exchange contracts to hedge through September 2017 the foreign currency exposure associated with the Grand Canyon charter payments. In February 2013, we entered into similar foreign currency exchange contracts for the Grand Canyon II and the Grand Canyon III charter payments through July 2019 and February 2020, respectively. These contracts currently qualify for hedge accounting treatment. All of our remaining foreign exchange contracts are not accounted for as hedge contracts and changes in their fair value are being marked-to-market in earnings in each reporting period. We recorded gains (losses) totaling $(0.6) million in 2013, $0.4 million in 2012 and $0.2 million in 2011 associated with foreign exchange contracts not qualifying for hedge accounting.
See Note 16 for more information regarding the accounting for our derivative contracts including our commodity contracts associated with ERT.
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 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 consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands):
We had net losses from continuing operations for the year ended December 31, 2012. Accordingly, our diluted EPS calculation for 2012 was equivalent to our basic EPS calculation because it excluded any assumed exercise or conversion of common stock equivalents because they were deemed to be anti-dilutive, meaning their inclusion would have reduced the reported net loss per share in those respective years. Shares that otherwise would have been included in the diluted per share calculations for the year ended December 31, 2012, assuming we had earnings from continuing operations, are as follows (in thousands):
The diluted EPS calculation also excluded dividends and related costs associated with the convertible preferred stock that otherwise would have been added back to net income if assumed conversion of the shares was dilutive during the year.
No diluted shares were included for the 2032 Notes for the years ended December 31, 2013 and 2012 as the conversion price of $25.02 (and conversion trigger of $32.53 per share) was not met in either period, 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 as the conversion price of $32.14 (and conversion trigger of $38.57 per share) was not met in the years ended December 31, 2012 and 2011.
Major Customers and Concentration of Credit Risk
The market for our products and services is primarily the offshore oil and gas industry. Oil and gas companies spend capital on exploration, drilling and production operations, the amount of which is generally dependent on the prevailing view of future oil and gas prices that are subject to many external factors which may contribute to significant volatility. Our customers consist primarily of major and independent oil and gas producers and suppliers, pipeline transmission companies, alternative (renewable) energy companies and offshore engineering and construction firms. We perform ongoing credit evaluations of our customers and provide allowances for probable credit losses when necessary. The percent of consolidated revenue from major customers, those whose total represented 10% or more of our consolidated revenues is as follows: 2013 — Shell (14%); 2012 — Shell (12%) and 2011 — Shell (10%). Most of the revenues from Shell were generated by our Well Intervention segment. We provided services to over 65 customers in 2013.
Fair Value Measurements
Current fair value accounting standards define fair value, establish a consistent framework for measuring fair value and expand disclosure for each major asset and liability category measured at fair value on either a recurring or nonrecurring basis. These standards also clarify that fair value is an exit price, representing the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. These fair value accounting rules establish a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:
Assets and liabilities measured at fair value are based on one or more of three valuation techniques as follows:
Our financial instruments include cash and cash equivalents, accounts receivable, accounts payable, our long-term debt and various derivative instruments. The carrying amount of cash and cash equivalents, accounts receivable and accounts payable approximates fair value due to the highly liquid nature of these instruments. The following table provides additional information related to other financial instruments measured at fair value on a recurring basis at December 31, 2013 (in thousands):
(1) Unless otherwise indicated, the fair value of our Level 2 derivative instruments reflects our best estimate and is based upon exchange or over-the-counter quotations whenever they are available. Quoted valuations may not be available due to location differences or terms that extend beyond the period for which quotations are available. Where quotes are not available, we utilize other valuation techniques or models to estimate market values. These modeling techniques require us to make estimations of future prices, price correlation and market volatility and liquidity based on market data. Our actual results may differ from our estimates, and these differences could be positive or negative.
(2) See Note 7 for additional information regarding our long-term debt. The fair value of our long-term debt at December 31, 2013 and 2012 is as follows (in thousands):
(a) Relates to the term loans and revolving credit facility under our former credit agreement, which was terminated in June 2013. (b) This remaining amount was repurchased by us in February 2013. (c) Carrying value excludes the related unamortized debt discount of $26.5 million at December 31, 2013. (d) We redeemed our remaining Senior Unsecured Notes in July 2013. (e) 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.
Debt Discount
On January 1, 2009, we recorded a discount of $60.2 million related to our Convertible Senior Notes due 2025 (the “2025 Notes”) as required. To arrive at this discount amount, we estimated the fair value of the liability component of the 2025 Notes as of the date of their issuance (March 30, 2005) 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 7.75 years, which represented the earliest period that the holders could require us to repurchase the 2025 Notes (Note 7). The discount related to our 2025 Notes became fully amortized in December 2012.
In connection with the issuance of our Convertible Senior Notes due 2032 (the “2032 Notes”), we recorded a discount of $35.4 million under existing accounting requirements. 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 remaining unamortized amount of the discount of the 2032 Notes was $26.5 million at December 31, 2013 (Note 7).
Investment Available for Sale
In 2009 we sold substantially all of our owned shares of the publicly-traded Cal Dive common stock for net proceeds of $418.2 million, net of underwriting fees. Following these sale transactions, we owned 0.5 million shares of Cal Dive common stock, representing less than 1% of the total outstanding shares of Cal Dive. Accordingly we classified our remaining interest in Cal Dive as an investment available for sale. As an investment available for sale, the value of our remaining interest was marked-to-market at each period end with the corresponding change in value being reported as a component of accumulated other comprehensive income (loss) in the accompanying consolidated balance sheet. In March 2011, we sold our remaining 0.5 million shares of Cal Dive common stock on the open market for gross proceeds of $3.6 million resulting in a pre-tax gain of $0.8 million.
New Accounting Standards
We do not expect any recent accounting standards to have a material impact on our financial position, results of operations or cash flows.
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The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Oil And Gas Properties
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Oil And Gas Properties [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oil And Gas Properties | Note 3 — Oil and Gas Properties
Results of 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 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 consolidated financial statements.
The following summarized financial information relates to ERT, which is reported as “Income (loss) from discontinued operations, net of tax” in the accompanying consolidated statements of operations (in thousands):
(1) Results for 2013 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) Results for 2012 include a charge of $138.6 million to reduce our carrying value of ERT to its estimated fair value less costs to sell.
(3) Net interest expense of $2.7 million, $27.7 million and $25.2 million for the years ended December 31, 2013, 2012 and 2011, respectively, was allocated to ERT and primarily consisted 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.
Revenue Recognition for Royalty Interests
Revenues from royalty interests are recognized according to monthly oil and gas production on an entitlement basis. Revenues for royalty interests are reflected in “Other income – oil and gas” in the accompanying consolidated statements of operations.
United Kingdom Property
Since 2006, we have maintained an ownership interest in the Camelot field, located offshore in the North Sea. Modifications to U.K. regulations governing such operations required us to reassess our existing abandonment plan and cost estimates in 2011. The results of this review concluded that the scope of work to be performed in the abandoning of the wells in the field would be significantly expanded and as a result our cost estimates significantly increased. Based on our abandonment plan, we increased the asset retirement obligation by recording a corresponding $20.0 million charge to expense. At December 31, 2011, the remaining asset retirement obligation for the Camelot field was $27.3 million and our plan was to fully abandon the field in 2012 in accordance with applicable regulations in the United Kingdom.
During 2012, we recorded $15.5 million of additional charges to expense to reflect further increases in our estimated costs to complete our abandonment activities at Camelot, including the removal of certain environmentally sensitive materials. At December 31, 2012, the recorded asset retirement obligation for the Camelot field was $2.9 million.
During 2013, we recorded a $1.6 million charge reflecting the estimated final costs to complete our abandonment activities at Camelot. We completed the reclamation activities for this offshore property in 2013, including removing and appropriately disposing of all the related structures, and the plugging and abandoning of all the wells associated with the property. At December 31, 2013, the recorded asset retirement obligation was $1.1 million.
Separately, we retained the reclamation obligations associated with one property located in the Gulf of Mexico pursuant to the terms of the ERT sale transaction. During 2013, we paid $5.2 million for our pro-rata share of the costs to complete the reclamation of this property.
The operating results and financial position associated with our U.K. property do not qualify for discontinued operations accounting treatment as this property was not classified as held for sale, and thus are reflected as continuing operations in our consolidated financial statements for all periods presented. Other than the impairment charges and asset retirement costs described above, the operating results associated with the Camelot field were immaterial for all periods presented in this Annual Report.
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Disclosure of material oil and gas activities. No definition available.
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Details Of Certain Accounts
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Details Of Certain Accounts | Note 4 — Details of Certain Accounts
Other current assets consisted of the following as of December 31, 2013 and 2012 (in thousands):
Other assets, net, consisted of the following as of December 31, 2013 and 2012 (in thousands):
Accrued liabilities consisted of the following as of December 31, 2013 and 2012 (in thousands):
(1) Increase primarily reflects fees associated with the mobilization of the Skandi Constructor to West Africa in December 2013. These fees will be amortized and recognized as revenue in the first quarter of 2014 as the project work associated with the mobilization is performed.
(2) Accrued interest at December 31, 2012 includes $12.2 million associated with our then remaining Senior Unsecured Notes which were fully redeemed in July 2013.
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Equity Investments
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Equity Investments | Note 5 — Equity Investments
As of December 31, 2013, we had two investments that we account for using the equity method of accounting: Deepwater Gateway and Independence Hub, both of which are included in our Production Facilities segment.
Deepwater Gateway, L.L.C. In June 2002, we, along with Enterprise Products Partners L.P. (”Enterprise”), formed Deepwater Gateway, each with a 50% interest, to design, construct, install, own and operate a tension leg platform production hub primarily for Anadarko Petroleum Corporation's Marco Polo field in the Deepwater Gulf of Mexico. Our investment in Deepwater Gateway totaled $85.8 million and $91.4 million as of December 31, 2013 and 2012, respectively (including capitalized interest of $1.3 million and $1.3 million at December 31, 2013 and 2012, respectively).
Independence Hub, LLC. In December 2004, we acquired a 20% interest in Independence Hub, an affiliate of Enterprise. Independence Hub owns the "Independence Hub" platform located in Mississippi Canyon Block 920 in a water depth of 8,000 feet. Our investment in Independence Hub was $72.1 million and $76.2 million as of December 31, 2013 and 2012, respectively (including capitalized interest of $4.3 million and $4.6 million at December 31, 2013 and 2012, respectively).
We received the following distributions from our equity method investments during the years ended December 31, 2013, 2012 and 2011 (in thousands):
In February 2010, we announced the formation of a joint venture with an Australian-based engineering and construction company, Clough Limited (“Clough”), to provide a range of subsea services to offshore operators in the Asia Pacific region. Our contribution to the joint venture totaled $2.7 million in 2011 and our share of the income associated with the Australian joint venture’s operations was $2.1 million.
In December 2011, the marine construction and offshore engineering operations of Clough were acquired by a third party, including Clough’s 50% ownership interest in the joint venture. At December 31, 2011, we conducted an impairment assessment of our investment in the joint venture based on uncertainties concerning the continued availability of the Normand Clough and the limited backlog of existing projects at the time. We concluded that the $10.6 million carrying amount of the investment in the joint venture was fully impaired and recorded a $10.6 million other than temporary impairment charge in the accompanying consolidated statements of operations.
In the first quarter of 2012, we recorded additional losses totaling $3.8 million, including a $3.0 million fee when we negotiated our exit from the joint venture. In April 2012, we paid this fee. In connection with our exit, we were entitled to 50% of the value of certain of the net assets on hand at the time of our departure. We received approximately $3.7 million of proceeds for our pro rata portion of such assets of the joint venture, which was recorded as income in “Equity in earnings of investments” during the second quarter of 2012. We are no longer a participant in this Australian joint venture.
The summarized aggregated financial information related to the equity method investment is as follows (in thousands):
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The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Kommandor LLC
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Kommandor LLC | Note 6 — Kommandor LLC
In October 2006, we partnered with Kommandor RØMØ, a Danish corporation, to form Kommandor LLC, a Delaware limited liability company, the purpose of which was to convert a ferry vessel into a ship-shaped dynamically-positioned floating production unit vessel. Upon completion of the conversion in April 2009, the vessel, (the HP I) was leased to us under a bareboat charter. We subsequently installed topside oil and gas processing equipment, at 100% our cost, that allows the HP I to serve as a floating production system. The HP I will primarily service fields in the Deepwater of the Gulf of Mexico. In June 2010, the HP I was certified for use as a floating production unit by the U.S. Coast Guard. The HP I initially participated in the Macondo well control and containment efforts. Subsequently, the HP I mobilized to the Phoenix field where production commenced in October 2010. The HP I is under contract with ERT to service the Phoenix field through at least December 31, 2016.
The total cost of the conversion of the vessel was $148.7 million. The total cost of us to install the topside oil and gas processing facilities was $196.2 million.
We have recently reached agreement with Kommandor RØMØ to acquire its noncontrolling interests in Kommandor LLC for $20.1 million.
The consolidated results of Kommandor LLC are included in our Production Facilities segment. We owned approximately 81% of Kommandor LLC at December 31, 2013.
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The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt
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Long-Term Debt | Note 7 — Long-Term Debt
Long-term debt consisted of the following as of December 31, 2013 and 2012 (in thousands):
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”), at our election, will 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 December 31, 2013, our availability under the Revolving Credit Facility totaled $584.2 million, net of $15.8 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 for 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 guaranty, 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 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 the repayment 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 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 2011, we purchased a portion of our Senior Unsecured Notes that resulted in the early extinguishment of an aggregate $75.0 million of those notes. In these transactions we paid an aggregate amount of $77.4 million, including $75.0 million in principal and $2.4 million in premium. We also paid the accrued interest on these Senior Unsecured Notes totaling $0.8 million and we recorded a $0.9 million charge to interest expense to accelerate a pro rata portion of the deferred financing costs associated with the issuance of the Senior Unsecured Notes in 2007.
At December 31, 2011, we had $475.0 million of Senior Unsecured Notes outstanding. 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 consolidated statements of operations.
At December 31, 2012, we had $275.0 million of Senior Unsecured Notes outstanding. In June 2013, we elected to redeem our remaining Senior Unsecured Notes. 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 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.
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 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 other 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. The initial conversion price represents a conversion premium of 35.0% over the closing price of our common stock on March 6, 2012 of $18.53 per share.
Prior to March 20, 2018, the 2032 Notes are not redeemable. On or after March 20, 2018, we, at our option, may 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 holder 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.
Our weighted average share price for 2013 and 2012 was below the $25.02 per share conversion price (and conversion trigger of $32.53 per share). As a result, there are no shares included in our diluted earnings per share calculation associated with the assumed conversion of the 2032 Notes (Note 2).
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 effective interest rate for the 2025 Notes was 6.6% after considering the effect of the accretion of the related debt discount that represented the equity component of the 2025 Notes at their inception.
In connection with the issuance of additional Convertible Senior Notes (see “Convertible Senior Notes Due 2032” above) 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 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.
Our weighted average share price for 2013, 2012 and 2011 was below the $32.14 per share conversion price. As a result, there are no shares included in our diluted earnings per share calculation associated with the assumed conversion of the 2025 Notes.
Other
In accordance with our Credit Agreement, 2032 Notes and MARAD Debt agreements, we are required to comply with certain covenants, including certain financial ratios such as a 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 December 31, 2013, we were in compliance with these covenants and restrictions.
We paid financing costs associated with our debt totaling $11.0 million in 2013 and $7.6 million in 2012. Unamortized deferred financing costs are included in “Other assets, net” in the accompanying 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 for the years ended December 31, 2013 and 2012 (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.
Scheduled maturities of long-term debt outstanding as of December 31, 2013 are as follows (in thousands):
(1) The amount reflects the borrowings made in July 2013 (see Credit Agreement discussion above).
(2) Beginning in March 2018, the holders of the 2032 Notes 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 2032 Notes will increase to their principal amount through accretion of non-cash interest charges through March 2018.
The following table details our interest expense and capitalized interest for the years ended December 31, 2013, 2012 and 2011 (in thousands):
(1) Interest expense of $2.8 million, $28.6 million and $25.8 million for 2013, 2012 and 2011, 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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The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes
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Income Taxes | Note 8 — Income Taxes
We and our subsidiaries, including acquired companies (as of their respective dates of acquisition), file a consolidated U.S. federal income tax return. 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.
Components of income tax provision (benefit) on continuing operations reflected in the consolidated statements of operations consisted of the following (in thousands):
Income taxes have been provided based on the U.S. statutory rate of 35% and at the local statutory rate for each foreign jurisdiction adjusted for items which are allowed as deductions for federal and foreign income tax reporting purposes, but not for book purposes. The primary differences between the statutory rate and our effective rate from continuing operations are as follows:
In 2011, we reorganized our Australian operating companies. The reorganization resulted in a recorded net tax benefit of $31.3 million associated with the impairment of our U.S. investment in the Australian subsidiaries.
Deferred income taxes result from the effect of transactions that are recognized in different periods for financial and tax reporting purposes. The nature of these differences and the income tax effect of each as of December 31, 2013 and 2012 are as follows (in thousands):
At December 31, 2013, our U.S. net operating losses available for carryforward or carryback totaled $49.3 million and our foreign tax credits available for carryforward or carryback totaled $9.8 million. The net operating loss carryforward would expire in 2030, while the foreign tax credit carryforward would expire in 2020. At this time, we anticipate utilizing these tax attributes via carryback claims. At December 31, 2013, we had a $22.9 million valuation allowance related to certain non-U.S. deferred tax assets, primarily net operating losses generated in Australia, as management believed it is more likely than not that we will not be able to utilize the tax benefit. Additional valuation allowances may be made in the future if in management’s opinion it is more likely than not that the tax benefit will not be utilized. Any limitations on our ability to utilize our tax benefit carryforward could result in an increase in our federal income tax liability in future taxable periods.
We consider the undistributed earnings of our principal non-U.S. subsidiaries to be permanently reinvested. At December 31, 2013 and 2012, our principal non-U.S. subsidiaries had accumulated earnings and profits of approximately $202.6 million and $167.9 million, respectively. We have not provided deferred U.S. income tax on the accumulated earnings and profits as we consider them permanently reinvested.
We had $4.7 million related to uncertain tax positions as of December 31, 2013. In 2012, we reversed a $2.8 million long-term liability related to an uncertain tax position that was projected to be included on our 2011 tax return. The tax position was not taken when the 2011 tax return was filed. We account for tax-related interest in interest expense and tax penalties in selling, general and administrative expenses. We charged $0.2 million to income tax expense for interest and penalties accrued in each of 2013, 2012 and 2011, which brought our total liabilities for interest and penalties to $1.3 million and $1.1 million in the accompanying consolidated balance sheets at December 31, 2013 and 2012, respectively. As of December 31, 2013, 2012, and 2011, there were $3.4 million, $3.4 million and $6.2 million, respectively, of unrecognized tax benefits that if recognized would affect the annual effective rate. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
We file tax returns in the U.S. and in various state, local and non-U.S. jurisdictions. We anticipate that any potential adjustments to our state, local and non-U.S. jurisdiction tax returns by tax authorities would not have a material impact on our financial position. The tax periods ending December 31, 2010, 2009, 2008, 2007 and 2006 are under examination by the U.S. Internal Revenue Service (“IRS”). The tax periods ended December 31, 2013, 2012 and 2011 remain open to future review and examination by the IRS. In non-U.S. jurisdictions, the open tax periods include 2013, 2012, 2011, 2010 and 2009.
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Employee Benefit Plans
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Employee Benefit Plans | Note 9 — Employee Benefit Plans
Defined Contribution Plan
We sponsor a defined contribution 401(k) retirement plan covering substantially all of our employees. Our contributions are in the form of cash and, prior to 2014, consisted of a 50% match of each employee’s contribution up to 5% of the employee’s salary. Beginning in 2014, our matching contributions increased to 75% of the first 5% of the employee’s salary. Our costs related to the 401(k) plan totaled $1.7 million, $1.6 million and $1.4 million for the years ended December 31, 2013, 2012 and 2011, respectively.
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”).
Upon adoption of the 1995 Incentive Plan in May 1995, a maximum of 10% of the total shares of common stock issued and outstanding were eligible to be granted to executive officers, selected management employees and non-employee members of our Board of Directors. Following the approval by shareholders of the 2005 Incentive Plan in May 2005, no further grants have been or will be made under the 1995 Incentive Plan.
In May 2012, the shareholders approved an amendment to and restatement of the 2005 Incentive Plan to: (i) authorize 4.3 million additional shares for issuance pursuant to our equity incentive compensation strategy, (ii) authorize incentive stock options, stock appreciation rights, cash awards and performance awards to be made pursuant to the 2005 Incentive Plan, and (iii) include performance criteria for awards that may be made contingent upon the achievement of one or more performance measures, as well as limits on individual awards, in accordance with the requirements for performance-based compensation under Section 162(m) of the Internal Revenue Code. As of December 31, 2013, there were 6.6 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.
The 1995 and 2005 Incentive Plans are administered by the Compensation Committee of Helix’s Board of Directors. The Compensation Committee also determines the type of award to be made to each participant and, as set forth in the related award agreement, the terms, conditions and limitations applicable to each award. The Compensation Committee may grant stock options, restricted stock, restricted stock units, and cash awards. Prior to 2012, awards granted to employees under the incentive plans vested 20% per year over a five-year period. Commencing in 2012, awards granted under the 2005 Incentive Plan have a vesting period of three years (or 33% per year). There have been no stock options granted since 2004. Stock options granted have a maximum exercise life of 10 years.
Compensation cost for restricted shares is the product of grant date fair value of each share and the number of shares granted and is recognized over the respective vesting periods on a straight-line basis. Forfeitures on restricted stock totaled approximately 7% based on our most recent five-year average of historical forfeiture rates. Tax deduction benefits for an award in excess of recognized compensation cost is reported as a financing cash flow rather than as an operating cash flow. Stock based compensation that is based solely on service conditions is recognized on a straight line basis over the vesting period of the related shares.
Stock Options
The following table summarizes information about our stock options during the years ended December 31, 2013, 2012 and 2011:
There was no compensation recognized associated with stock options in 2013, 2012 or 2011 as all stock options outstanding are vested. The aggregate intrinsic value of the stock options exercised in 2013, 2012 and 2011 was approximately $0.5 million, $1.3 million and $1.1 million, respectively. There were no stock option awards remaining at December 31, 2013. The aggregate intrinsic value of options exercisable at December 31, 2012 and 2011 was approximately $0.4 million and $1.0 million, respectively.
Share-based Awards
We grant share-based awards (restricted stock, restricted stock units (“RSUs”) and/or performance share units (“PSUs”)) to members of our Board of Directors, executive officers and selected management employees. The following table summarizes information about our share-based awards during the years ended December 31, 2013, 2012 and 2011:
(1) Represents the weighted average grant date fair value, which is based on the quoted market price of the common stock on the business day prior to the date of grant.
(2) Total fair value of share-based awards that vested during the years ended December 31, 2013, 2012 and 2011 was $11.4 million, $6.7 million and $6.7 million, respectively.
(3) Includes 67,520 shares of RSUs with the grant date fair value of $15.80 per share. In December 2013, management elected to pay out the January 2014 vesting of these RSUs in cash. As a result, we recorded a $1.3 million liability associated with these RSUs at December 31, 2013. We paid $0.8 million of this liability in January 2014.
For the years ended December 31, 2013, 2012 and 2011, $8.8 million, $7.7 million, $8.4 million, respectively, was recognized as stock-based compensation expense related to share-based awards. Future compensation cost associated with unvested share-based awards at December 31, 2013, 2012, and 2011 totaled approximately $14.2 million, $13.2 million and $12.0 million, respectively. The weighted average vesting period related to unvested share-based awards at December 31, 2013 was approximately 1.5 years.
The following grants of share-based awards were made in 2013 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 quarterly fees in stock in lieu of cash.
(4) Reflects annual equity grants to each member of our Board of Directors.
In January 2014, we granted our executive officers 73,609 restricted shares under the 2005 Long-Term Incentive Plan. The market value of the restricted shares was $23.18 per share or $1.7 million and the shares vest 33% per year for a three-year period. Separately, we issued our executive officers 73,609 PSUs. The PSUs provide for an award based on the performance of our common stock over a three-year period with the maximum amount of the award being 200% of the original awarded PSUs and the minimum amount being zero. The PSUs vest 100% on the three-year anniversary date of the grant. 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 determines to pay in cash.
Stock Compensation Modifications
Under our 1995 Incentive Plan and our 2005 Long-Term Incentive Plan, upon a stock recipient’s termination of employment, which is defined as employment with us and any of our majority-owned subsidiaries, any unvested restricted stock and stock options are forfeited immediately, and all unexercised vested options are forfeited as specified under the applicable plan or agreement.
Employee Stock Purchase Plan
In May 2012, the shareholders approved the Helix Energy Solutions Group, Inc. Employee Stock Purchase Plan (the “ESPP”). The ESPP has 1.5 million shares authorized for issuance, of which 1.3 million shares were available for issuance as of December 31, 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 $0.8 million and $0.3 million for the years ended December 31, 2013 and 2012, respectively.
Long-Term Incentive Cash Plan
In January 2009, we adopted the 2009 Long-Term Incentive Cash Plan (the “2009 LTI Plan”) to provide long-term cash compensation to eligible employees. Our executive officers and selected management employees as designated from time to time by the Compensation Committee of our Board of Directors are granted cash awards. Under the terms of the 2009 LTI Plan, 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. The measurement period to determine the annual payment for the share-based cash awards is generally the last 20 trading days of the year prior to a vesting (the last 30 trading days for the 2009 awards). Payment amounts are based on the calculated ratio of the average stock price during the applicable measurement period over the original base price as determined by the Compensation Committee of our Board of Directors. The maximum amount payable under these share-based cash awards is twice the original targeted award and if the average price during the measurement period is less than 75% (50% for 2010 grants) of the base price, no payout will be made at the applicable anniversary date. Payments under the 2009 LTI Plan are made each year on the anniversary date of the award. The 2005 Incentive Plan also permits long-term cash awards to eligible employees. Awards granted prior to 2012 have a vesting period of five years and awards granted in 2014, 2013 and 2012 have a vesting period of three years. This share-based component is considered a liability plan and as such is re-measured to fair value each reporting period with corresponding changes being recorded as a charge to earnings.
The cash awards granted under the 2005 Incentive Plan and the 2009 LTI Plan (the “LTI Plans”) totaled $8.4 million in 2013, $4.2 million in 2012, and $5.2 million in 2011. These awards were made to our executive officers and selected management employees in 2013 and solely to our executive officers in 2012 and 2011. Total compensation expense associated with the cash awards issued pursuant to the LTI Plans was $9.1 million ($5.3 million related to our executive officers), $8.7 million ($7.3 million related to our executive officers) and $7.9 million ($6.5 million related to our executive officers), respectively, for the years ended December 31, 2013, 2012 and 2011, respectively. The liability balance for the cash awards issued under the LTI Plans was $14.8 million at December 31, 2013 and $13.0 million at December 31, 2012, including $11.1 million at December 31, 2013 and $11.7 million at December 31, 2012 associated with the cash awards issued to our executive officers under the LTI plans. During 2013, 2012 and 2011, we paid $7.1 million, $5.5 million and $5.9 million of the liability associated with the LTI plans. In January 2014, we paid $9.2 million of the liability balance as of December 31, 2013. In January 2014, $8.9 million was awarded under the LTI Plans to executive officers and selected management employees.
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Shareholders' Equity
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Stockholders' Equity Note Disclosure | Note 10 — Shareholders’ Equity
Our amended and restated Articles of Incorporation provide for authorized Common Stock of 240,000,000 shares with no stated par value per share and 5,000,000 shares of preferred stock, $0.01 par value per share issuable in one or more series.
The components of accumulated other comprehensive loss as of December 31, 2013 and 2012 are as follows (in thousands):
(1) Amount at December 31, 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 $5.4 million (Notes 7 and 16).
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The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock Buyback Program
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Stock Buyback Program [Abstract] | |
Stock Buyback Program | Note 11 — Stock Buyback Program
In June 2009, we announced that we intended to purchase up to 1.5 million shares of our common stock plus an amount equal to additional shares of our common stock granted under our stock-based compensation plans (Note 9) as permitted under our Credit Agreement (Note 7). Our Board of Directors had previously granted us the authority to repurchase shares of our common stock in an amount equal to any equity issued to our employees, officers and directors under our stock-based compensation plans, including share-based awards issued under our existing LTI Plans and shares issued to our employees under our employee stock purchase plans (Note 9). We may continue to make repurchases pursuant to this authority from time to time as additional equity is issued under our stock based plans depending on prevailing market conditions and other factors. As described in an announced plan, all repurchases may be commenced or suspended at any time as determined by management. During 2013, we purchased 389,721 shares as then available under this program for $8.8 million or an average of $22.72 per share. As of December 31, 2013, we had repurchased a total of 3,268,514 shares of our common stock for $45.8 million or an average of $14.01 per share.
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The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. No definition available.
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Related Party Transactions
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Related Party Transactions [Abstract] | |
Related Party Transactions | Note 12 — Related Party Transactions
Our Chief Executive Officer, Owen Kratz, through Class A limited partnership interests in OKCD Investments, Ltd. (“OKCD”), personally owns approximately 85% 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, $6.9 million and $8.3 million in the years ended December 31, 2013, 2012 and 2011, respectively.
A former member of our Board of Directors is part of the senior management team of Weatherford International, Ltd (Weatherford). This individual resigned from our Board of Directors in May 2011. We paid Weatherford, an oil and gas industry company, $3.6 million for services provided to us in 2011.
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The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments And Contingencies
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Commitments And Contingencies and Other Matters [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments And Contingencies | Note 13 — Commitments and Contingencies and Other Matters
Commitments
Commitments Related to Expansion of Well Intervention Fleet
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. Pursuant to 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 December 31, 2013, our total investment in the Q5000 was $210.6 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, underwent upgrades and modifications to render it suitable for use as a well intervention vessel and commenced well intervention operations in February 2014. At December 31, 2013, our investment in the acquisition and subsequent upgrades to and modifications of the Helix 534 totaled $202.8 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 the 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 second 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. Pursuant to 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 December 31, 2013, our total investment in the Q7000 was $76.7 million, including the $69.2 million paid to the shipyard upon signing the contract.
Lease Commitments
We lease several facilities and vessels under non-cancelable operating leases expiring at various dates through 2025. Future minimum rentals under these leases at December 31, 2013 are as follows (in thousands):
Total rental expense under these operating leases was approximately $102.1 million, $85.0 million and $62.2 million for the years ended December 31, 2013, 2012 and 2011, respectively.
We sublease part of our corporate headquarters facility to a third party under a non-cancelable sublease agreement. Total rental income from this sublease was $0.4 million in 2013. As of December 31, 2013, the minimum rentals to be received in the future totaled $2.4 million.
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 (the “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 a formal request to the BOEM for a release of our guaranty is pending.
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. We had collected approximately $303 million related to this project with an amount of uncollected trade receivables remaining. In 2010, we requested arbitration in India pursuant to the terms of the subcontract to pursue our claims and the prime contractor also requested arbitration and asserted certain counterclaims against us. Based on a number of factors associated with ongoing negotiations with the prime contractor, in 2010, we reduced our trade receivable balance to an amount that we believed to be ultimately realizable. The parties have been engaged in extensive settlement discussions over time to resolve this matter outside of the arbitration process, and in December 2013 the parties reached a settlement agreement, pursuant to which we collected the receivable and the parties dropped all claims against each other.
We are currently undergoing a value added tax (“VAT”) audit from the State of Andhra Pradesh, India (the “State”) 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. We believe that we have complied with all rules and regulations as related to VAT in the State and we anticipate no additional assessments as a result of this audit.
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 executive officers, 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 certain of the Company’s then executive officers who are defendants. The defendants 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 our 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. The defendants filed motions to stay and dismiss the proceeding, which motions were denied by the trial court judge. The defendants then filed a petition for a writ of mandamus with the state appellate court, in which they requested that court to direct the district court to grant the 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 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. A special committee of our Board of Directors has since determined to reject the plaintiff’s demand regarding this matter, and based on this rejection, as well as the plaintiff’s pleadings, the defendants filed a motion for summary judgment in December 2013, which is pending before the court.
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.
Insurance
We maintain Hull and Increased Value insurance which provides coverage for physical damage up to an agreed amount for each vessel. The deductibles are $1.0 million on the Q4000, the HP I and the Well Enhancer, $500,000 on the Seawell and the Helix 534. In addition to the primary deductibles, the vessels are subject to an annual aggregate deductible of $5 million. We also carry Protection and Indemnity (“P&I”) insurance which covers liabilities arising from the operation of the vessels and General Liability insurance which covers liabilities arising from construction operations. The deductible on both the P&I and General Liability is $100,000 per occurrence. Onshore employees are covered by Workers’ Compensation. Offshore employees and marine crews are covered by a Maritime Employers Liability (“MEL”) insurance policy which covers Jones Act exposures and includes a deductible of $100,000 per occurrence plus a $1.0 million annual aggregate deductible. In addition to the liability policies described above, we currently carry various layers of Umbrella Liability for total limits of $500 million excess of primary limits. Our self-insured retention on our medical and health benefits program for employees is $250,000 per participant.
We incur workers’ compensation, MEL, and other insurance claims in the normal course of business, which management believes are covered by insurance. The Company analyzes each claim for potential exposure and estimates the ultimate liability of each claim. At December 31, 2013, we did not have any claims exceeding our deductible limits. We have not incurred any significant losses as a result of claims denied by our insurance carriers. Our services are provided in hazardous environments where accidents involving catastrophic damage or loss of life could occur, and litigation arising from such an event may result in our being named a defendant in lawsuits asserting large claims. Although there can be no assurance the amount of insurance we carry is sufficient to protect us fully in all events, or that such insurance will continue to be available at current levels of cost or coverage, we believe that our insurance protection is adequate for our business operations. A successful liability claim for which we are underinsured or uninsured could have a material adverse effect on our business.
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Business Segment Information
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Business Segment Information | Note 14 — Business Segment Information
We currently have 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 Helix 534, 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. 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 (Notes 1 and 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 consolidated financial statements. See Note 3 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 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. Certain financial data by reportable segment are summarized as follows (in thousands):
(1) Amount in 2013 includes 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. Amount in 2012 includes impairment charges of $157.8 million for the Caesar and $14.6 million for the Intrepid (Note 2).
Intercompany segment revenues during the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands):
Intercompany segment profits (losses) (which only relate to intercompany capital projects) during the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands):
Revenue by individually significant region during the years ended December 31, 2013, 2012 and 2011 is as follows (in thousands):
We include the property and equipment, net in the geographic region in which it legally resides. The following table provides our property and equipment, net of accumulated depreciation, by individually significant region (in thousands):
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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Allowance Accounts
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Allowance Accounts | Note 15 — Allowance Accounts
The following table sets forth the activity in our valuation accounts for each of the three years in the period ended December 31, 2013 (in thousands):
(1) The increase in valuation allowance includes $4.9 million related to our former WOSEA operations and $0.9 million to our oil and gas operations in the United Kingdom.
(2) The increase in valuation allowance includes $2.0 million related to our former WOSEA operations and $0.1 million to our oil and gas operations in the United Kingdom. WOSEA has a full valuation allowance against its deferred tax asset balance.
(3) The increase in valuation allowance includes $6.5 million related to our former WOSEA operations. WOSEA has a full valuation allowance against its deferred tax asset balance.
(4) The decrease primarily reflects the reversal of a $4 million allowance against our trade receivables for work performed offshore India in 2007 as we collected the previously adjusted receivable balance pursuant to a settlement agreement (Note 13).
See Note 2 for a detailed discussion regarding our accounting policy on accounts receivable and allowance for uncollectible accounts and Note 8 for a detailed discussion of the valuation allowance related to our deferred tax assets.
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The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments And Hedging Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments And Hedging Activities | Note 16 — Derivative Instruments and Hedging Activities
Derivatives designated as hedging instruments are as follows (in thousands):
Derivatives that were not designated as hedging instruments are as follows (in thousands):
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 no longer qualified as cash flow hedges. At December 31, 2012, we recorded the mark-to-market adjustments for these derivatives to reflect the changes in their fair values and to recognize amounts previously recorded in accumulated other comprehensive income (loss) and related deferred taxes into earnings. The mark-to-market adjustments related to our commodity derivative contracts and interest rate swaps are reflected in “Loss on commodity derivative contracts” and “Other income (expense), net”, respectively, in the accompanying consolidated statements of operations. In February 2013, we settled all of our remaining commodity derivative contracts and then existing interest rate swap contracts for payments of approximately $22.5 million and $0.6 million, respectively.
In January 2013, we entered into foreign currency exchange contracts to hedge through September 2017 the foreign currency exposure associated with the Grand Canyon charter payments ($104.6 million) denominated in Norwegian kroner (NOK591.3 million). 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, respectively) denominated in Norwegian kroner (NOK594.7 million and NOK595.0 million, respectively), 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 in earnings in each reporting period.
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 began in October 2013 and extend through October 2016. These contracts are accounted for under hedge accounting.
The following tables present the impact that derivative instruments designated as cash flow hedges had on our accumulated comprehensive income (loss) and our consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011 (in thousands). The amount of any ineffectiveness associated with our cash flow hedges was immaterial for the years ended December 31, 2013, 2012 and 2011.
The following table presents the impact that derivative instruments not designated as hedges had on our consolidated statement of operations for the years ended December 31, 2013, 2012 and 2011 (in thousands):
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The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Financial Information
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Financial Information | Note 17 — Quarterly Financial Information (Unaudited)
Offshore marine construction activities may fluctuate as a result of weather conditions and the timing of capital expenditures by oil and gas companies. Historically, a substantial portion of our services has been performed during the summer and fall months. As a result, historically a disproportionate portion of our revenues and net income is earned during such period. The following is a summary of consolidated quarterly financial information for 2013 and 2012 (in thousands, except per share amounts):
(1) Excludes revenues from discontinued operations of $48.8 million for the quarter ended March 31, 2013.
(2) Excludes gross profit from discontinued operations of $28.2 million for the quarter ended March 31, 2013.
(3) Excludes revenues from discontinued operations of $178.1 million, $149.9 million, $119.1 million and $110.1 million for the quarters ended March 31, June 30, September 30 and December 31, 2012.
(4) Excludes gross profit from discontinued operations of $89.2 million, $64.8 million, $27.8 million and $(102.6) million for the quarters ended March 31, June 30, September 30 and December 31, 2012. Includes impairment charges totaling $14.6 million in the second quarter of 2012, $4.6 million in the third quarter of 2012 and $158.0 million in the fourth quarter of 2012 (Note 2).
(5) Our net loss in the fourth quarter of 2012 includes a $138.6 million impairment charge associated with the sale of ERT (Note 3).
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The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary Of Significant Accounting Policies (Policy)
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Principles of Consolidation | Principles of Consolidation
Our consolidated financial statements include the accounts of majority-owned subsidiaries. The equity method is used to account for investments in affiliates in which we do not have majority ownership, but have the ability to exert significant influence. We account for our Deepwater Gateway, Independence Hub and former Australian joint venture investments under the equity method of accounting. Noncontrolling interests represent the minority shareholders’ proportionate share of the equity in Kommandor LLC (Note 6). All material intercompany accounts and transactions have been eliminated.
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Reclassifications | Reclassifications
Certain reclassifications were made to previously-reported amounts in the 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 oil and gas operations. As noted in Note 1, ERT qualified as discontinued operations following the announcement of the definitive agreement for the sale of ERT. Accordingly, all operations and financial positions related to ERT have been presented as discontinued operations even if they did not qualify as a discontinued operation in that period.
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Use of Estimates | Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
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Cash and Cash Equivalents | Cash and Cash Equivalents
Cash and cash equivalents are highly liquid financial instruments with original maturities of three months or less. They are carried at cost plus accrued interest, which approximates fair value.
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Statement Of Cash Flow Information | Statement of Cash Flow Information
The following table provides supplemental cash flow information for the periods stated (in thousands):
Total non-cash investing activities for the years ended December 31, 2013, 2012 and 2011 include $9.5 million, $51.1 million and $26.1 million, respectively, of accruals for property and equipment capital expenditures.
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Accounts Receivable and Allowance for Uncollectible Accounts | Accounts Receivable and Allowance for Uncollectible Accounts
Accounts receivable are stated at the historical carrying amount net of write-offs and allowance for uncollectible accounts. The amount of our net accounts receivable approximates fair value. We establish an allowance for uncollectible accounts receivable based on historical experience and any specific customer collection issues that we have identified. Uncollectible accounts receivable are written off when a settlement is reached for an amount that is less than the outstanding historical balance or when we have determined that the balance will not be collected (Note 15).
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Property and Equipment | Property and Equipment
Overview. Property and equipment is recorded at cost. Property and equipment is depreciated on a straight line basis over the estimated useful life of each respective asset. The following is a summary of the gross components of property and equipment (dollars in thousands):
The cost of repairs and maintenance is charged to expense as incurred, while the cost of improvements is capitalized. Repair and maintenance expense totaled $31.5 million, $39.3 million and $32.3 million for the years ended December 31, 2013, 2012 and 2011, respectively. Included in machinery, equipment, buildings and leasehold improvements were $17.5 million and $18.5 million of capitalized software costs ($4.8 million and $6.0 million, net of accumulated amortization) at December 31, 2013 and 2012, respectively. The total amount charged to expense related to the amortization of these software costs was $1.8 million for the year ended December 31, 2013 and $2.6 million during each of the years ended December 31, 2012 and 2011.
Assets used in operations are assessed for impairment whenever changes in facts and circumstances indicate a possible significant deterioration in the future cash flows expected to be generated by an asset group. If, upon review, the sum of the undiscounted pretax cash flows is less than the carrying value of the asset group, the carrying value is written down to estimated fair value and reported as an impairment charge in the periods in which the determination of the impairment is made. Individual assets are grouped for impairment purposes at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows of other groups of assets. Our marine vessels are assessed on a vessel by vessel basis, while our remotely operated vehicles (“ROVs”) are grouped and assessed by asset class. Because there usually is a lack of quoted market prices for long-lived assets, the fair value of impaired assets is typically determined based on the present values of expected future cash flows using discount rates believed to be consistent with those used by principal market participants or based on a multiple of operating cash flows validated with historical market transactions of similar assets where possible. The expected future cash flows used for impairment reviews and related fair value calculations are based on assessments of operating costs, project margins and capital project decisions, considering all available information at the date of review. If an impairment has occurred, we recognize a loss for the difference between the carrying amount and the fair value of the asset. These fair value measurements fall within Level 3 of the fair value hierarchy.
In 2011, in connection with the reorganization of our Australian well intervention operations, we conducted an impairment assessment of its well intervention equipment, which resulted in a $6.6 million charge to reduce the carrying value of such well intervention equipment to its then estimated fair value. In 2012, we decided to discontinue our well intervention operations in Australia. We recorded a $4.6 million impairment charge to reduce our well intervention assets in Australia to their fair value of $5.0 million. In 2012, as a result of diminished work opportunities for the Intrepid, we placed the subsea construction vessel in cold-stack mode and later sold the vessel for $14.5 million in cash, which resulted in asset impairment and related loss on disposal charges totaling $28.1 million. Also in 2012, we entered into an agreement to sell our two remaining subsea construction pipelay vessels, the Caesar and the Express, and other related pipelay equipment for a total sales price of $238.3 million. In connection with the announcement of the sale of our remaining subsea construction pipelay vessels and related equipment, we recorded an impairment charge of $157.8 million to reduce the carrying cost of the Caesar and other related pipelay equipment to their respective fair values as determined by the definitive sales agreement. 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 into by the parties. In July 2013, we completed the sale of the Express for $100 million, including the remaining $20 million of previously deposited funds. In June 2013, we entered into an agreement to sell our spoolbase property located in Ingleside, Texas for $45 million to the same group of companies that acquired the Caesar and the Express. In January 2014, we closed the sale of our Ingleside spoolbase. In connection with this sale, we received $15 million in cash, including a $5 million deposit we received at the time the agreement was signed, and hold a $30 million promissory note, in which a $10 million principal reduction in the note’s balance is required to be paid to us on each December 31 in 2014, 2015 and 2016. See Note 3 for disclosure related to the impairment charges associated with certain of our former oil and gas properties.
Assets are classified as held for sale when we have a formalized plan for disposal and those assets meet the held for sale criteria. Our continuing operations had no assets meeting the requirements to be classified as assets held for sale at December 31, 2013 and 2012.
Interest from external borrowings is capitalized on major projects until the assets are ready for their intended use. Capitalized interest is added to the cost of the underlying asset and is amortized over the useful life of the asset in the same manner as the underlying asset. The total of our interest expense capitalized during each of the three years ended December 31, 2013, 2012 and 2011 was $10.4 million, $4.9 million and $1.3 million, respectively.
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Equity Investments | Equity Investments
We periodically review our equity investments in Deepwater Gateway and Independence Hub for impairment. Under the equity method of accounting, an impairment loss would be recorded whenever the fair value of an equity investment is determined to be below its carrying amount and the reduction is considered to be other than temporary. In judging “other than temporary,” we would consider the length of time and extent to which the fair value of the investment has been less than the carrying amount of the equity investment, the near-term and long-term operating and financial prospects of the equity company and our longer-term intent of retaining the investment in the entity. We previously invested in an Australian joint venture that engaged in well intervention operations in the Southeast Asia region. We fully impaired our investment in that joint venture and recorded a $10.6 million other than temporary impairment charge in 2011. We exited this Australian joint venture in 2012.
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Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets
We are required to perform an annual impairment analysis of goodwill. We elected November 1 to be our annual impairment assessment date for goodwill. However, we could be required to evaluate the recoverability of goodwill prior to the annual assessment date if we experience disruption to the business, unexpected significant declines in operating results, divestiture of a significant component of the business, emergence of unanticipated competition, loss of key personnel or a sustained decline in market capitalization. Our goodwill impairment test involves a comparison of the fair value with our carrying amount. The fair value is determined using discounted cash flows and other market-related valuation models. At the time of our annual assessment of goodwill on November 1, 2013, we had two reporting units with goodwill.
Goodwill impairment is determined using a two-step process. The first step is to identify if a potential impairment exists by comparing the fair value of the reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered to have a potential impairment and the second step of the impairment test is not necessary. However, if the carrying amount of a reporting unit exceeds its fair value, the second step is performed to determine if goodwill is impaired and to measure the amount of impairment loss to recognize, if any.
The second step compares the implied fair value of goodwill with the carrying amount of goodwill. If the implied fair value of goodwill exceeds the carrying amount, then goodwill is not considered impaired. However, if the carrying amount of goodwill exceeds the implied fair value, an impairment loss is recognized in an amount equal to that excess. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination (i.e., the fair value of the reporting unit is allocated to all the assets and liabilities, including any unrecognized intangible assets, as if the reporting unit were acquired in a business combination).
We use both the income approach and the market approach to estimate the fair value of our reporting units under the first step of our goodwill impairment assessment. Under the income approach, a discounted cash flow analysis is performed requiring us to make various judgmental assumptions about future revenue, operating margins, growth rates and discount rates. These judgmental assumptions are based on our budgets, long-term business plans, economic projections, anticipated future cash flows and market place data. Under the market approach, the fair value of each reporting unit is calculated by applying an average peer total invested capital EBITDA (defined as earnings before interest, income taxes and depreciation and amortization) multiple to the upcoming fiscal year’s forecasted EBITDA for each reporting unit. Judgment is required when selecting peer companies that operate in the same or similar lines of business and are potentially subject to the same economic risks.
Our goodwill at December 31, 2013, 2012 and 2011 was associated with our Well Intervention and Robotics segments. In our 2013 goodwill impairment analysis, the fair value of both of our reporting units with goodwill exceeded their respective carrying value. Therefore, we concluded that our goodwill at December 31, 2013 was not impaired. As a result of the adoption of an update issued by the Financial Accounting Standards Board (the “FASB”) in 2011 to simplify goodwill impairment testing, we performed qualitative assessments during 2012 and 2011 to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount including goodwill. Based on the then current and historical evidence supporting these reporting units’ carrying value being sufficient to maintain their recorded goodwill amounts, we concluded that there was no indication of goodwill impairment and we did not perform the quantitative step one impairment analysis. We continue to monitor the current and future operations of these two reporting units to determine whether or not the quantitative assessment is once again necessary. We conduct the quantitative test at least every three years with the latest such test occurring on November 1, 2013.
The changes in the carrying amount of goodwill are as follows (in thousands):
(1) Reflects foreign currency adjustment for certain amounts of our goodwill.
Our intangible assets, other than goodwill, consist of intellectual property and patented technology related to our well intervention operations. We amortize these intangible assets on a straight-line basis over their estimated useful life or their legal life, whichever is shorter. At December 31, 2013, our remaining intangible assets, other than goodwill, totaled $1.9 million ($0.6 million, net of accumulated amortization of $1.3 million). Total amortization expense for intangible assets was $0.1 million for each of the years ended December 31, 2013, 2012, and 2011.
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Recertification Costs and Deferred Dry Dock Charges | Recertification Costs and Deferred Dry Dock Charges
Our vessels are required by regulation to be recertified after certain periods of time. Recertification costs are incurred while a vessel is in dry dock. In addition, routine repairs and maintenance are performed and at times, major replacements and improvements are performed. We expense routine repairs and maintenance costs as they are incurred. We defer and amortize dry dock and related recertification costs over the length of time for which we expect to receive benefits from the dry dock and related recertification, which is generally 30 months but can be as long as 60 months if the appropriate permitting is obtained. A dry dock and related recertification process typically lasts one to two months, a period during which the vessel is idle and generally not available to earn revenue. Major replacements and improvements that extend the vessel’s economic useful life or functional operating capability are capitalized and depreciated over the vessel’s remaining economic useful life.
As of December 31, 2013 and 2012, capitalized deferred dry dock charges included within “Other assets, net” in the accompanying consolidated balance sheets (Note 4) totaled $24.8 million and $22.7 million, respectively, net of accumulated amortization of $14.5 million and $5.9 million, respectively. During the years ended December 31, 2013, 2012 and 2011, dry dock amortization expense was $14.8 million, $8.6 million and $7.6 million, respectively.
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Convertible Preferred Stock Policy | Convertible Preferred Stock
In December 2012, the holder of the remaining $1 million of Convertible Preferred Stock converted it into 361,402 shares of our common stock. We had previously presented the Convertible Preferred Stock below liabilities but not as a component of shareholders’ equity, because we were, under certain instances, required to settle any future conversions in cash. The dividend rate was 4% for 2012 and 2011. Our Convertible Preferred Stock was assessed for inclusion in our diluted earnings per share calculation using the if converted method (see “Earnings Per Share”) below.
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Revenue Recognition | Revenue Recognition
Revenues from our services are derived from contracts, which are both short-term and long-term in duration. Our long-term services contracts are contracts that contain either lump-sum, turnkey provisions or provisions for specific time, material and equipment charges, which are billed in accordance with the terms of such contracts. We recognize revenue as it is earned at estimated collectible amounts. Further, we record revenues net of taxes collected from customers and remitted to governmental authorities.
Unbilled revenue represents revenue attributable to work completed prior to period end that has not yet been invoiced. All amounts included in unbilled revenue at December 31, 2013 and 2012 are expected to be billed and collected within one year.
Dayrate Contracts. Revenues generated from specific time, materials and equipment contracts are generally earned on a dayrate basis and recognized as amounts are earned in accordance with contract terms. In connection with these contracts, we may receive revenues for mobilization of equipment and personnel. Revenues related to mobilization are deferred and recognized over the period in which contracted services are performed using the straight-line method. Incremental costs incurred directly for mobilization of equipment and personnel to the contracted site, which typically consist of materials, supplies and transit costs, are also deferred and recognized using the same method. Our policy to amortize the revenues and costs related to mobilization on a straight-line basis over the estimated contract service period is consistent with the general pace of activity, level of services being provided and dayrates being earned over the service period of the contract. Mobilization costs to move vessels when a contract does not exist are expensed as incurred.
Turnkey Contracts. Revenue on significant turnkey contracts is recognized under the percentage-of-completion method based on the ratio of costs incurred to total estimated costs at completion. In determining whether a contract should be accounted for using the percentage-of-completion method, we consider whether:
Under the percentage-of-completion method, we recognize estimated contract revenue based on costs incurred to date as a percentage of total estimated costs. Changes in the expected cost of materials and labor, productivity, scheduling and other factors affect the total estimated costs. Additionally, external factors, including weather and other factors outside of our control, may also affect the progress and estimated cost of a project’s completion and, therefore, the timing of income and revenue recognition. We routinely review estimates related to our contracts and reflect revisions to profitability in earnings on a current basis. If a current estimate of total contract cost indicates an ultimate loss on a contract, we recognize the projected loss in full when it is first determined. We recognize additional contract revenue related to claims when the claim is probable and legally enforceable.
Whenever we have a contract that qualifies as a loss contract, we estimate the future shortfall between our anticipated future revenues and future costs.
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Income Taxes | Income Taxes
Deferred income taxes are based on the differences between financial reporting and tax bases of assets and liabilities. We utilize the liability method of computing deferred income taxes. The liability method is based on the amount of current and future taxes payable using tax rates and laws in effect at the balance sheet date. Income taxes have been provided based upon the tax laws and rates in the countries in which operations are conducted and income is earned. A valuation allowance for deferred tax assets is recorded when it is more likely than not that some or all of the benefit from the deferred tax asset will not be realized. We consider the undistributed earnings of our principal non-U.S. subsidiaries to be permanently reinvested.
It is our policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. At December 31, 2013, we believe we have appropriately accounted for any unrecognized tax benefits. To the extent we prevail in matters for which a liability for an unrecognized tax benefit is established or are required to pay amounts in excess of the liability, our effective tax rate in a given financial statement period may be affected.
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Foreign Currency | Foreign Currency
Because we operate in various regions in the world, we conduct a portion of our business in currencies other than the U.S. dollar (primarily with respect to Helix Well Ops (U.K.) Limited (“WOUK”)). The functional currency for WOUK is the applicable local currency (British Pound). Previously, our Australian well intervention subsidiary (“WOSEA”) had the Australian Dollar as its functional currency. We ceased operations in Australia in 2012. Results of operations for these subsidiaries are translated into U.S. dollars using average exchange rates during the period. Assets and liabilities of these foreign subsidiaries are translated into U.S. dollars using the exchange rate in effect at December 31, 2013 and 2012 and the resulting translation adjustments, which were unrealized gains of $5.0 million and $7.3 million, respectively, are included in accumulated other comprehensive income (loss), a component of shareholders’ equity. All foreign currency transaction gains and losses are recognized currently in the consolidated statements of operations.
Our foreign currency gains (losses) totaling $0.7 million in 2013, $(0.5) million in 2012 and $(2.1) million in 2011 are included in “Other income (expense), net” in the accompanying consolidated statements of operations. These realized amounts are exclusive of any unrealized gains or losses from our foreign currency exchange derivative contracts.
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Derivative Instruments and Hedging Activities | Derivative Instruments and Hedging Activities
Our continuing operations are exposed to market risks 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 consolidated balance sheets at fair value.
We formally document all relationships between hedging instruments and the related hedged items, as well as our risk management objectives, strategies for undertaking various hedge transactions and our methods for assessing and testing correlation and hedge ineffectiveness. All hedging instruments are linked to the hedged asset, liability, firm commitment or forecasted transaction. We also assess, both at the inception of the hedge and on an on-going basis, whether the derivatives that are used in our hedging transactions are highly effective in offsetting changes in cash flows of the hedged items. We discontinue hedge accounting if we determine that a derivative is no longer highly effective as a hedge, or it is probable that a hedged transaction will not occur. If hedge accounting is discontinued because it is probable the hedged transaction will not occur, deferred gains or losses on the hedging instruments are recognized in earnings immediately. If the forecasted transaction continues to be probable of occurring, any deferred gains or losses in accumulated other comprehensive income (loss) are amortized to earnings over the remaining period of the original forecasted transaction.
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.
Interest Rate Risk
We enter into interest rate swaps from time to time to stabilize cash flows related to our long-term debt subject to variable interest rates. 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, is recognized immediately in earnings within the line titled “Net interest expense.” The amount of ineffectiveness associated with our interest rate swap contracts was immaterial for all periods presented.
Since January 2010, we had interest rate swap contracts to fix the interest rate on $200 million of indebtedness under our former credit facility. The last of these monthly contracts would have matured in January 2014. Under the terms of our former credit facility, we were required to use a portion of the proceeds from the sales of the Caesar, the Express and ERT to make payments to reduce our indebtedness. Because it was probable that we would pay off the corresponding indebtedness before the expiration of our interest rate swaps, we concluded in December 2012 that the swaps no longer qualified as cash flow hedges. Thus, at December 31, 2012, we recorded losses of approximately $0.6 million ($0.4 million net of tax) to reflect the mark-to-market adjustments for changes in the fair values of the interest rate swaps. In February 2013, we settled all of our interest rate swap contracts remaining at December 31, 2012 for $0.6 million.
In September 2013, we entered into interest rate swap contracts to fix the interest rate on $148.1 million of our Term Loan debt (Note 7). These monthly contracts began in October 2013 and extend through October 2016. The fair value of our remaining interest rate swaps was a net liability of $0.3 million and $0.5 million at December 31, 2013 and 2012, respectively.
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 exchange contracts to stabilize expected cash outflows relating to certain vessel charters that are denominated in British pounds and Norwegian kroner. The aggregate fair value of the foreign exchange contracts was a net liability of $15.0 million at December 31, 2013 and a net asset of $0.1 million at December 31, 2012.
In January 2013, we entered into foreign currency exchange contracts to hedge through September 2017 the foreign currency exposure associated with the Grand Canyon charter payments. In February 2013, we entered into similar foreign currency exchange contracts for the Grand Canyon II and the Grand Canyon III charter payments through July 2019 and February 2020, respectively. These contracts currently qualify for hedge accounting treatment. All of our remaining foreign exchange contracts are not accounted for as hedge contracts and changes in their fair value are being marked-to-market in earnings in each reporting period. We recorded gains (losses) totaling $(0.6) million in 2013, $0.4 million in 2012 and $0.2 million in 2011 associated with foreign exchange contracts not qualifying for hedge accounting.
See Note 16 for more information regarding the accounting for our derivative contracts including our commodity contracts associated with ERT.
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Earnings Per Share | 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 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 consolidated statements of operations for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands):
We had net losses from continuing operations for the year ended December 31, 2012. Accordingly, our diluted EPS calculation for 2012 was equivalent to our basic EPS calculation because it excluded any assumed exercise or conversion of common stock equivalents because they were deemed to be anti-dilutive, meaning their inclusion would have reduced the reported net loss per share in those respective years. Shares that otherwise would have been included in the diluted per share calculations for the year ended December 31, 2012, assuming we had earnings from continuing operations, are as follows (in thousands):
The diluted EPS calculation also excluded dividends and related costs associated with the convertible preferred stock that otherwise would have been added back to net income if assumed conversion of the shares was dilutive during the year.
No diluted shares were included for the 2032 Notes for the years ended December 31, 2013 and 2012 as the conversion price of $25.02 (and conversion trigger of $32.53 per share) was not met in either period, and because we have the right to settle any such future conversions in cash at our sole discretion (Note 7).
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Major Customers and Concentration of Credit Risk | Major Customers and Concentration of Credit Risk
The market for our products and services is primarily the offshore oil and gas industry. Oil and gas companies spend capital on exploration, drilling and production operations, the amount of which is generally dependent on the prevailing view of future oil and gas prices that are subject to many external factors which may contribute to significant volatility. Our customers consist primarily of major and independent oil and gas producers and suppliers, pipeline transmission companies, alternative (renewable) energy companies and offshore engineering and construction firms. We perform ongoing credit evaluations of our customers and provide allowances for probable credit losses when necessary. The percent of consolidated revenue from major customers, those whose total represented 10% or more of our consolidated revenues is as follows: 2013 — Shell (14%); 2012 — Shell (12%) and 2011 — Shell (10%). Most of the revenues from Shell were generated by our Well Intervention segment. We provided services to over 65 customers in 2013.
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Fair Value Measurements | Fair Value Measurements
Current fair value accounting standards define fair value, establish a consistent framework for measuring fair value and expand disclosure for each major asset and liability category measured at fair value on either a recurring or nonrecurring basis. These standards also clarify that fair value is an exit price, representing the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. These fair value accounting rules establish a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:
Assets and liabilities measured at fair value are based on one or more of three valuation techniques as follows:
Our financial instruments include cash and cash equivalents, accounts receivable, accounts payable, our long-term debt and various derivative instruments. The carrying amount of cash and cash equivalents, accounts receivable and accounts payable approximates fair value due to the highly liquid nature of these instruments. The following table provides additional information related to other financial instruments measured at fair value on a recurring basis at December 31, 2013 (in thousands):
(1) Unless otherwise indicated, the fair value of our Level 2 derivative instruments reflects our best estimate and is based upon exchange or over-the-counter quotations whenever they are available. Quoted valuations may not be available due to location differences or terms that extend beyond the period for which quotations are available. Where quotes are not available, we utilize other valuation techniques or models to estimate market values. These modeling techniques require us to make estimations of future prices, price correlation and market volatility and liquidity based on market data. Our actual results may differ from our estimates, and these differences could be positive or negative.
(2) See Note 7 for additional information regarding our long-term debt. The fair value of our long-term debt at December 31, 2013 and 2012 is as follows (in thousands):
(a) Relates to the term loans and revolving credit facility under our former credit agreement, which was terminated in June 2013. (b) This remaining amount was repurchased by us in February 2013. (c) Carrying value excludes the related unamortized debt discount of $26.5 million at December 31, 2013. (d) We redeemed our remaining Senior Unsecured Notes in July 2013. (e) 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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Debt Discount | Debt Discount
On January 1, 2009, we recorded a discount of $60.2 million related to our Convertible Senior Notes due 2025 (the “2025 Notes”) as required. To arrive at this discount amount, we estimated the fair value of the liability component of the 2025 Notes as of the date of their issuance (March 30, 2005) 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 7.75 years, which represented the earliest period that the holders could require us to repurchase the 2025 Notes (Note 7). The discount related to our 2025 Notes became fully amortized in December 2012.
In connection with the issuance of our Convertible Senior Notes due 2032 (the “2032 Notes”), we recorded a discount of $35.4 million under existing accounting requirements. 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 remaining unamortized amount of the discount of the 2032 Notes was $26.5 million at December 31, 2013 (Note 7).
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Investment Available for Sale | Investment Available for Sale
In 2009 we sold substantially all of our owned shares of the publicly-traded Cal Dive common stock for net proceeds of $418.2 million, net of underwriting fees. Following these sale transactions, we owned 0.5 million shares of Cal Dive common stock, representing less than 1% of the total outstanding shares of Cal Dive. Accordingly we classified our remaining interest in Cal Dive as an investment available for sale. As an investment available for sale, the value of our remaining interest was marked-to-market at each period end with the corresponding change in value being reported as a component of accumulated other comprehensive income (loss) in the accompanying consolidated balance sheet. In March 2011, we sold our remaining 0.5 million shares of Cal Dive common stock on the open market for gross proceeds of $3.6 million resulting in a pre-tax gain of $0.8 million.
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New Accounting Pronouncements, Policy | New Accounting Standards
We do not expect any recent accounting standards to have a material impact on our financial position, results of operations or cash flows.
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- Definition
Disclosure of accounting policy for convertible preferred stock. No definition available.
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- Definition
Statement Of Cash Flow Information Policy [Policy Text Block]. No definition available.
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- Definition
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for costs incurred to obtain or issue debt, the effects of refinancings, method of amortizing deferred financing costs and original issue discount, and classifications of debt on the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for deferral and amortization of significant deferred charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for its derivative instruments and hedging activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for the equity method of accounting for investments in common stock or other interests including unconsolidated subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. The accounting policy may include information such as: (1) initially recording an investment in the stock of an investee at cost; (2) adjusting the carrying amount of the investment to recognize the investor's share of the earnings or losses of the investee after the date of acquisition; and (3) adjustments to reflect the investor's share of changes in the investee's capital (dividends). This disclosure may also include a detailed description of the policy for determining the amount of equity method losses recognized after an investment has been reduced to zero as a result of previous losses, reasons for not using the equity method when the investor company owns 20 percent or more of the voting stock of the investee's company (including identification of the significant investee), reasons for using the equity method when the ownership percentage is less than 20 percent, and discussion of recognition of equity method losses when an investor's total investment in an investee includes, in addition to an investment in common stock, other investments such as preferred stock and loans to the investee. An entity also may describe how such investments are assessed for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for major customers. Major customers are those that the loss of such customers would have a material adverse effect on the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition
Disclosure of accounting policy for reclassifications that affects the comparability of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables. If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Tables)
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Supplemental Cash Flow Information |
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Property, Plant and Equipment |
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Schedule of Goodwill |
(1) Reflects foreign currency adjustment for certain amounts of our goodwill.
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Computations Of Basic And Diluted EPS |
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Excluded Securities On Diluted Shares Calculation |
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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 long-term debt at December 31, 2013 and 2012 is as follows (in thousands):
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Fair Value Of Long Term Debt |
(a) Relates to the term loans and revolving credit facility under our former credit agreement, which was terminated in June 2013. (b) This remaining amount was repurchased by us in February 2013. (c) Carrying value excludes the related unamortized debt discount of $26.5 million at December 31, 2013. (d) We redeemed our remaining Senior Unsecured Notes in July 2013. (e) 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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- Details
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- Definition
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of supplemental cash flow information for the periods presented. No definition available.
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- Definition
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Oil And Gas Properties (Tables)
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Dec. 31, 2013
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Oil And Gas Properties [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Results of Operations for Oil and Gas Producing Activities Disclosure |
(1) Results for 2013 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) Results for 2012 include a charge of $138.6 million to reduce our carrying value of ERT to its estimated fair value less costs to sell.
(3) Net interest expense of $2.7 million, $27.7 million and $25.2 million for the years ended December 31, 2013, 2012 and 2011, respectively, was allocated to ERT and primarily consisted 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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Tabular disclosure of the results of operations for oil and gas producing activities for the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Details Of Certain Accounts (Tables)
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Dec. 31, 2013
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Details Of Certain Accounts [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Other Current Assets |
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Other Assets, Net |
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Accrued Liabilities |
(1) Increase primarily reflects fees associated with the mobilization of the Skandi Constructor to West Africa in December 2013. These fees will be amortized and recognized as revenue in the first quarter of 2014 as the project work associated with the mobilization is performed.
(2) Accrued interest at December 31, 2012 includes $12.2 million associated with our then remaining Senior Unsecured Notes which were fully redeemed in July 2013.
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Tabular disclosure of the components of accrued liabilities. No definition available.
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Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. No definition available.
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Tabular disclosure of the carrying amounts of other current assets. No definition available.
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Equity Investments (Tables)
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Dec. 31, 2013
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Equity Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Distributions From Equity Investments |
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Schedule Of Summarized Aggregated Financial Information Related To The Subsidiaries |
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Schedule of distributions from equity investments [Table Text Block] No definition available.
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Schedule Of Summarized Aggregated Financial Information Related To The Subsidiaries [Text Block] No definition available.
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Long-Term Debt (Tables)
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Dec. 31, 2013
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Long-Term Debt [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Debt |
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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 Maturities Of Long-Term Debt |
(1) The amount reflects the borrowings made in July 2013 (see Credit Agreement discussion above).
(2) Beginning in March 2018, the holders of the 2032 Notes 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 2032 Notes will increase to their principal amount through accretion of non-cash interest charges through March 2018.
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Schedule of Interest Expense And Capitalized Interest |
(1) Interest expense of $2.8 million, $28.6 million and $25.8 million for 2013, 2012 and 2011, 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 Interest Expenses And Capitalized Interest [Table Text Block] No definition available.
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Schedule Of Redemption Price By Maturity [Table Text Block] No definition available.
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Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
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- Definition
Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes (Tables)
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Dec. 31, 2013
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Income Taxes [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Components of Income Tax Expense (Benefit) |
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Schedule of Effective Income Tax Rate Reconciliation |
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Schedule of Deferred Tax Assets and Liabilities |
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Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits |
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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit Plans (Tables)
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Dec. 31, 2013
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Employee Benefit Plans [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity |
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Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity |
(1) Represents the weighted average grant date fair value, which is based on the quoted market price of the common stock on the business day prior to the date of grant.
(2) Total fair value of share-based awards that vested during the years ended December 31, 2013, 2012 and 2011 was $11.4 million, $6.7 million and $6.7 million, respectively.
(3) Includes 67,520 shares of RSUs with the grant date fair value of $15.80 per share. In December 2013, management elected to pay out the January 2014 vesting of these RSUs in cash. As a result, we recorded a $1.3 million liability associated with these RSUs at December 31, 2013. We paid $0.8 million of this liability in January 2014.
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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 quarterly fees in stock in lieu of cash.
(4) Reflects annual equity grants to each member of our Board of Directors.
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Schedule Of Restricted Shares Granted To Executive Officers Management Employees And Non Employee Members Table [Text Block] No definition available.
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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
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Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Shareholders' Equity (Tables)
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Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||
Components Of Accumulated Other Comprehensive Loss |
(1) Amount at December 31, 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 $5.4 million (Notes 7 and 16)
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Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments And Contingencies (Tables)
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Commitments And Contingencies and Other Matters [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Future Minimum Rental Payments for Operating Leases |
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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Business Segment Information (Tables)
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Business Segment Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Segment Reporting Information By Segment |
(1) Amount in 2013 includes 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. Amount in 2012 includes impairment charges of $157.8 million for the Caesar and $14.6 million for the Intrepid (Note 2).
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Summary Of Intercompany Segment Revenues |
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Intercompany Segment Gross Profit (Losses) |
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Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area |
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Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country |
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- Definition
Schedule Of Intercompany Segment Gross Profit (Losses) [Table Text Block] No definition available.
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- Definition
Summary Of Intercompany Segment Revenues [Table Text Block] No definition available.
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- Definition
Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Allowance Accounts (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Allowance Accounts [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Valuation Allowance |
(1) The increase in valuation allowance includes $4.9 million related to our former WOSEA operations and $0.9 million to our oil and gas operations in the United Kingdom.
(2) The increase in valuation allowance includes $2.0 million related to our former WOSEA operations and $0.1 million to our oil and gas operations in the United Kingdom. WOSEA has a full valuation allowance against its deferred tax asset balance.
(3) The increase in valuation allowance includes $6.5 million related to our former WOSEA operations. WOSEA has a full valuation allowance against its deferred tax asset balance.
(4) The decrease primarily reflects the reversal of a $4 million allowance against our trade receivables for work performed offshore India in 2007 as we collected the previously adjusted receivable balance pursuant to a settlement agreement (Note 13).
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- Definition
Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments And Hedging Activities (Tables)
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Derivative Instruments And Hedging Activities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives Designated As Hedging Instruments |
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Derivatives Not Designated As Hedging Instruments |
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Impact Of Derivative Instruments On Accumulated Comprehensive Income (Loss) |
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Gain (Loss) Reclassified From Accumulated OCI Into Income |
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Impact Of Non Designated Derivative Instruments On Income Statement |
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- Definition
Schedule Of Non Designated Derivative Instruments Effect On Income Statement [Table Text Block] No definition available.
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- Definition
Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Financial Information (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Quarterly Financial Information |
(1) Excludes revenues from discontinued operations of $48.8 million for the quarter ended March 31, 2013.
(2) Excludes gross profit from discontinued operations of $28.2 million for the quarter ended March 31, 2013.
(3) Excludes revenues from discontinued operations of $178.1 million, $149.9 million, $119.1 million and $110.1 million for the quarters ended March 31, June 30, September 30 and December 31, 2012.
(4) Excludes gross profit from discontinued operations of $89.2 million, $64.8 million, $27.8 million and $(102.6) million for the quarters ended March 31, June 30, September 30 and December 31, 2012. Includes impairment charges totaling $14.6 million in the second quarter of 2012, $4.6 million in the third quarter of 2012 and $158.0 million in the fourth quarter of 2012 (Note 2).
(5) Our net loss in the fourth quarter of 2012 includes a $138.6 million impairment charge associated with the sale of ERT (Note 3).
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- Definition
Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Organization (Details) (USD $)
In Millions, unless otherwise specified |
0 Months Ended | 12 Months Ended |
---|---|---|
Feb. 06, 2013
|
Dec. 31, 2013
property
|
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Number Of Vessels Sold | 2 | |
Utilization Agreement Term | 4 years | |
Proceeds from Divestiture of Businesses | $ 624 | |
Life Of Field Services [Member]
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Number of Reportable Segments | 4 | |
Historical Segments [Member]
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Number of Reportable Segments | 2 | |
Contracting Services Segments [Member]
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Number of Reportable Segments | 3 |
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- Definition
The number of vessels sold during the period. No definition available.
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- Definition
The term of the utilization agreement. No definition available.
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- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
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- Definition
The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary Of Significant Accounting Policies (Narrative) (Details)
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1 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 8 Months Ended | 12 Months Ended | 10 Months Ended | 12 Months Ended | 9 Months Ended | 15 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
USD ($)
|
Mar. 31, 2011
USD ($)
|
Dec. 31, 2012
USD ($)
|
Sep. 30, 2012
USD ($)
|
Jun. 30, 2012
USD ($)
|
Dec. 31, 2013
USD ($)
customer
|
Dec. 31, 2012
USD ($)
|
Dec. 31, 2011
USD ($)
|
Dec. 31, 2010
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Dec. 31, 2009
USD ($)
|
Aug. 31, 2011
USD ($)
|
Dec. 31, 2013
Minimum [Member]
|
Dec. 31, 2013
Maximum [Member]
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Jan. 31, 2009
2025 Notes [Member]
USD ($)
|
Dec. 31, 2012
2025 Notes [Member]
USD ($)
|
Dec. 31, 2011
2025 Notes [Member]
USD ($)
|
Dec. 31, 2013
2025 Notes [Member]
USD ($)
|
Mar. 31, 2005
2025 Notes [Member]
|
Dec. 31, 2013
2032 Notes [Member]
USD ($)
|
Dec. 31, 2012
2032 Notes [Member]
USD ($)
|
Mar. 31, 2012
2032 Notes [Member]
USD ($)
|
Dec. 31, 2013
Foreign Exchange Contracts [Member]
USD ($)
|
Dec. 31, 2012
Foreign Exchange Contracts [Member]
USD ($)
|
Dec. 31, 2011
Foreign Exchange Contracts [Member]
USD ($)
|
Feb. 28, 2013
Grand Canyon I I I [Member]
USD ($)
|
Feb. 28, 2013
Grand Canyon I I I [Member]
NOK
|
Feb. 28, 2013
Grand Canyon I I [Member]
USD ($)
|
Feb. 28, 2013
Grand Canyon I I [Member]
NOK
|
Jan. 31, 2013
Grand Canyon [Member]
USD ($)
|
Jan. 31, 2013
Grand Canyon [Member]
NOK
|
Feb. 28, 2013
Interest Rate Swaps [Member]
USD ($)
|
Dec. 31, 2012
Interest Rate Swaps [Member]
USD ($)
|
Dec. 31, 2013
Interest Rate Swaps [Member]
USD ($)
|
Sep. 30, 2013
Interest Rate Swaps [Member]
USD ($)
|
Jun. 30, 2013
Spoolbase Facility [Member]
USD ($)
|
Jan. 31, 2014
Spoolbase Facility [Member]
USD ($)
|
Dec. 31, 2013
Spoolbase Facility [Member]
USD ($)
|
Jul. 31, 2013
Express, Caesar And Other Pipelay Equipment [Member]
USD ($)
|
Dec. 31, 2012
Express, Caesar And Other Pipelay Equipment [Member]
USD ($)
|
Jun. 30, 2013
Caesar [Member]
USD ($)
|
May 31, 2013
Caesar [Member]
USD ($)
|
Dec. 31, 2013
Express [Member]
USD ($)
|
Jun. 30, 2013
Express [Member]
USD ($)
|
Dec. 31, 2012
Equipment In Australia [Member]
USD ($)
|
Dec. 31, 2011
Equipment In Australia [Member]
USD ($)
|
Dec. 31, 2012
Intrepid Vessel [Member]
USD ($)
|
Dec. 31, 2013
Shell [Member]
Continuing Operations [Member]
|
Dec. 31, 2012
Shell [Member]
Continuing Operations [Member]
|
Dec. 31, 2011
Shell [Member]
Continuing Operations [Member]
|
Dec. 31, 2012
2025 Notes [Member]
USD ($)
|
Dec. 31, 2011
2025 Notes [Member]
USD ($)
|
Dec. 31, 2013
Annual Payment Years One Through Three [Member]
Spoolbase Facility [Member]
USD ($)
|
|||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accruals for capital expenditures | $ 9,500,000 | $ 51,100,000 | $ 26,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost of Property Repairs and Maintenance | 31,500,000 | 39,300,000 | 32,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capitalized Computer Software, Gross | 18,500,000 | 18,500,000 | 17,500,000 | 18,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capitalized Computer Software, Net | 6,000,000 | 6,000,000 | 4,800,000 | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capitalized Computer Software, Amortization | (1,800,000) | (2,600,000) | (2,600,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset impairment | 158,000,000 | 4,600,000 | 14,600,000 | 177,135,000 | 6,564,000 | 157,800,000 | 4,600,000 | 6,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of assets | 189,054,000 | 19,530,000 | 3,588,000 | 15,000,000 | 238,300,000 | 138,300,000 | 100,000,000 | 5,000,000 | 14,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Sales Price Of Property Plant And Equipment | 45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposit Liability, Current | 50,000,000 | 50,000,000 | 5,000,000 | 50,000,000 | 30,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Future Sales Proceeds | 30,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 28,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capitalized interest | (10,419,000) | (4,893,000) | (1,277,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other than temporary loss on equity investments | 10,563,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Quantitative Test Term | 3 years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible asset, gross | 1,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible assets with finite lives, net | 491,000 | 491,000 | 622,000 | 491,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Finite-Lived Intangible Assets, Accumulated Amortization | 1,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of intangible assets | 100,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred dry dock expenses, net (Note 2) | 22,704,000 | 22,704,000 | 24,756,000 | 22,704,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Amortization Deferred Drydock | 5,900,000 | 5,900,000 | 14,500,000 | 5,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Drydock amortization expense | 14,800,000 | 8,600,000 | 7,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Drydock Amortization Period | 30 days | 60 days | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Drydock Recertification Process Period | 1 month | 2 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value of convertible preferred stock | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 361,402 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Dividend Rate, Percentage | 4.00% | 4.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign currency translation gain, net of tax | 4,970,000 | 7,291,000 | (1,002,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign Currency Transaction Gain (Loss), before Tax | 700,000 | (500,000) | (2,100,000) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reclassification adjustments for (gain) loss included in net income | 1,476,000 | (2,661,000) | 23,669,000 | 600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Cash Settlement | 600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments in Hedges, Liabilities, at Fair Value | 15,817,000 | 15,000,000 | 300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | 5,946,000 | 5,946,000 | 69,000 | 5,946,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value | 16,298,000 | 16,298,000 | 16,298,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term loans payable | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amount of Derivative | 98,800,000 | 595,000,000 | 100,400,000 | 594,700,000 | 104,600,000 | 591,300,000 | 148,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments, Gain (Loss) Recognized in Income, Net | (14,829,000) | (5,113,000) | 249,000 | (600,000) | 400,000 | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share conversion price | $ 32.14 | $ 32.14 | $ 32.14 | $ 25.02 | $ 25.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Convertible debt stock price trigger | $ 32.53 | $ 32.53 | $ 38.57 | $ 38.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Concentration Risk, Percentage | 14.00% | 12.00% | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subsea services to customers | 65 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unamortized debt discount | 31,688,000 | 31,688,000 | 26,516,000 | [1] | 31,688,000 | 60,200,000 | 26,516,000 | [1],[2] | 35,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Convertible, Conversion Price | $ 32.14 | $ 32.14 | $ 32.14 | $ 25.02 | $ 25.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Convertible, Remaining Discount Amortization Period | 7 years 9 months | 6 years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument interest rate | 3.25% | 3.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Incremental Common Shares Attributable to Conversion of Debt Securities | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remaining ownership interest | 1.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remaining shares of Cal Dive common stock, shares | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gain (loss) on investment in Cal Dive common stock | 800,000 | 753,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of Cal Dive common stock | $ 3,600,000 | $ 418,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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X | ||||||||||
- Definition
Carrying amount of accumulated amortization of deferred drydock at the end of the reporting period No definition available.
|
X | ||||||||||
- Definition
Deferred Drydock Expenses, Net No definition available.
|
X | ||||||||||
- Definition
The amount of cash paid on settlement of derivative. No definition available.
|
X | ||||||||||
- Definition
Drydock Amortization Expense No definition available.
|
X | ||||||||||
- Definition
The length of time in which the deferred drydock costs are amortized. No definition available.
|
X | ||||||||||
- Definition
The length of time to complete the drydock and recertification process. No definition available.
|
X | ||||||||||
- Definition
The amount of proceeds expected to be received in the futute for the sale of certain property, plant and equipment. No definition available.
|
X | ||||||||||
- Definition
Remaining ownership interest. No definition available.
|
X | ||||||||||
- Definition
Remaining shares of common stock, shares. No definition available.
|
X | ||||||||||
- Definition
The term in which the quantitative test must be conducted. No definition available.
|
X | ||||||||||
- Definition
The total sales price of property, plant and equipment. Includes current and future proceeds. No definition available.
|
X | ||||||||||
- Definition
Subsea Services To Customers No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The gross value of Convertible Preferred stock converted during the period. No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
For each income statement presented, the amount charged to expense for amortization of capitalized computer software costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount before accumulated amortization of capitalized costs for computer software, including but not limited to, acquired and internally developed computer software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The carrying amount of capitalized computer software costs net of accumulated amortization as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate costs of keeping the property in good condition but that do not appreciably prolong the life or increase the value of the property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Remaining amortization period for discount on the liability component of convertible debt which may be settled in cash upon conversion, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Price of the entity's common stock which would be required to be attained for the conversion feature embedded in the debt instrument to become effective. No definition available.
|
X | ||||||||||
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The current portion, due within one year or one operating cycle, if longer, of deposits held other than customer deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Nominal or face amount used to calculate payments on the derivative asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Aggregate fair value of all derivative liabilities designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as a liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) on sale or disposal of equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) from the difference between the sale price or salvage price and the book value of an asset that was sold or retired, and gain (loss) from the write down of assets from their carrying value to fair value. No definition available.
|
X | ||||||||||
- Definition
The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible debt securities using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of interest capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage rate used to calculate dividend payments on preferred stock. No definition available.
|
X | ||||||||||
- Definition
The cash inflow associated with the deconsolidation of a previously consolidated subsidiary or sale of an entity that is related to it but not strictly controlled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Summary Of Significant Accounting Policies (Supplemental Cash Flow Information) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Accounting Policies [Abstract] | |||
Interest paid, net of capitalized interest | $ 39,040 | $ 68,735 | $ 81,000 |
Income taxes paid | $ 113,331 | $ 43,111 | $ 11,216 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary Of Significant Accounting Policies (Summary Of Gross Components Of Property And Equipment) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
ROVs/Vessels [Member]
|
Dec. 31, 2012
ROVs/Vessels [Member]
|
Dec. 31, 2013
Machinery, Equipment, Buildings And Leasehold Improvements [Member]
|
Dec. 31, 2012
Machinery, Equipment, Buildings And Leasehold Improvements [Member]
|
Dec. 31, 2013
Maximum [Member]
ROVs/Vessels [Member]
|
Dec. 31, 2013
Maximum [Member]
Machinery, Equipment, Buildings And Leasehold Improvements [Member]
|
Dec. 31, 2013
Minimum [Member]
ROVs/Vessels [Member]
|
Dec. 31, 2013
Minimum [Member]
Machinery, Equipment, Buildings And Leasehold Improvements [Member]
|
|
Property, Plant and Equipment [Line Items] | ||||||||||
Property and equipment | $ 1,959,783 | $ 2,051,796 | $ 1,671,451 | $ 1,822,642 | $ 288,332 | $ 229,154 | ||||
Property, Plant and Equipment, Useful Life | 30 years | 30 years | 10 years | 5 years |
X | ||||||||||
- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
Summary Of Significant Accounting Policies (Summary Of Changes In The Carrying Amount Of Goodwill) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
Well Intervention [Member]
|
Dec. 31, 2012
Well Intervention [Member]
|
Dec. 31, 2013
Robotics [Member]
|
Dec. 31, 2012
Robotics [Member]
|
Dec. 31, 2011
Robotics [Member]
|
|||||||
Goodwill [Line Items] | |||||||||||||
Goodwill, Beginning Balance | $ 62,935 | $ 62,215 | $ 17,828 | $ 17,108 | $ 45,107 | $ 45,107 | $ 45,107 | ||||||
Goodwill, Other Changes | 295 | [1] | 720 | [1] | 295 | [1] | 720 | [1] | |||||
Goodwill, Ending Balance | $ 63,230 | $ 62,935 | $ 18,123 | $ 17,828 | $ 45,107 | $ 45,107 | $ 45,107 | ||||||
|
X | ||||||||||
- Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of other (increase) decrease of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Computations Of Basic And Diluted EPS) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|||||||
Accounting Policies [Abstract] | |||||||||||||||||
Net income (loss) applicable to Helix | $ 36,503 | $ 44,593 | $ 27,211 | $ 1,615 | $ (171,567) | [1] | $ 14,865 | [1] | $ 44,641 | [1] | $ 65,727 | [1] | $ 109,922 | $ (46,334) | $ 129,939 | ||
Income (loss) from discontinued operations, net of tax | (44) | 29 | (1,058) | 71,888 | (4,503) | (42,216) | (48,853) | (1,073) | (23,684) | (95,221) | |||||||
Income (loss) from continuing operations | 36,503 | 44,549 | 27,240 | 557 | (99,679) | 10,362 | 2,425 | 16,874 | 108,849 | (70,018) | 34,718 | ||||||
Less: Undistributed net income allocable to participating securities | (801) | (427) | |||||||||||||||
Income applicable to common shareholders - continuing operations | 108,048 | (70,018) | 34,291 | ||||||||||||||
Less: Undistributed net income from discontinued operations allocable to participating securities | (8) | (1,172) | |||||||||||||||
Income applicable to common shareholders - discontinued operations | 1,065 | 23,684 | 94,049 | ||||||||||||||
Weighted average number of shares outstanding - basic | 105,032 | 104,449 | 104,528 | ||||||||||||||
Share-based awards other than participating securities, Shares | 152 | 64 | |||||||||||||||
Undistributed earnings reallocated to participating securities, value | 1 | 2 | |||||||||||||||
Covertible preferred stock, Value | 40 | ||||||||||||||||
Convertible preferred stock, Shares | 361 | ||||||||||||||||
Net income per common share - Diluted | 108,049 | (70,018) | 34,333 | ||||||||||||||
Weighted average number of shares outstanding, diluted, total | 105,184 | 104,449 | 104,953 | ||||||||||||||
Income from discontinued operations, net of tax | $ 44 | $ (29) | $ 1,058 | $ (71,888) | $ 4,503 | $ 42,216 | $ 48,853 | $ 1,073 | $ 23,684 | $ 95,221 | |||||||
|
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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of increase (decrease) to net income used for calculating diluted earnings per share (EPS), resulting from the assumed exercise of convertible preferred stock of an employee stock ownership plan (ESOP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of call options and warrants using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net Income or Loss Available to Common Stockholders plus adjustments resulting from the assumption that dilutive convertible securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Earnings allocated (not distributed) to participating securities under the two-class method to the extent that participating securities may share in earnings as if all of the earnings for the period had been distributed. No definition available.
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Summary Of Significant Accounting Policies (Summary Of Shares Excluded In Diluted Per Share Calculations) (Details)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Diluted (in shares) | 105,184 | 104,449 | 104,953 |
Total | 105,165 | ||
Share-based Awards [Member]
|
|||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Anti-dilutive securities | 382 | ||
Convertible Preferred Stock [Member]
|
|||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Anti-dilutive securities | 334 |
X | ||||||||||
- Definition
Weighted Average Number Of Diluted Shares Including Anti-dilutive Securities No definition available.
|
X | ||||||||||
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Summary Of Significant Accounting Policies (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
|||||
---|---|---|---|---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total net liability | $ 660,989 | |||||
Level 1 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total net liability | 536,213 | |||||
Level 2 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total net liability | 124,776 | [1] | ||||
Level 3 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total net liability | ||||||
Foreign Exchange Contracts [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Assets | 69 | |||||
Foreign Exchange Contracts [Member] | Level 1 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Assets | ||||||
Foreign Exchange Contracts [Member] | Level 2 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Assets | 69 | [1] | ||||
Foreign Exchange Contracts [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 | 446 | |||||
Interest Rate Swaps [Member] | Level 1 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Assets | ||||||
Interest Rate Swaps [Member] | Level 2 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Assets | 446 | [1] | ||||
Interest Rate Swaps [Member] | Level 3 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Assets | ||||||
Fair Value Of Long Term Debt [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Liabilities | 645,687 | [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 | 536,213 | [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 | 109,474 | [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 Exchange Contracts [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Liabilities | 15,071 | |||||
Foreign Exchange Contracts [Member] | Level 1 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Liabilities | ||||||
Foreign Exchange Contracts [Member] | Level 2 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Liabilities | 15,071 | [1] | ||||
Foreign Exchange Contracts [Member] | Level 3 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Liabilities | ||||||
Interest Rate Swaps [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Liabilities | 746 | |||||
Interest Rate Swaps [Member] | Level 1 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Liabilities | ||||||
Interest Rate Swaps [Member] | Level 2 [Member]
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Liabilities | 746 | [1] | ||||
Interest Rate Swaps [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
Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair value of financial and nonfinancial obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Summary Of Significant Accounting Policies (Fair Value Of Long Term Debt) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2012
Term Loan [Member]
|
Dec. 31, 2012
Revolving Credit Facility [Member]
|
Dec. 31, 2013
Term Loan Maturing June 2018 [Member]
|
Dec. 31, 2012
2025 Notes [Member]
|
Jan. 31, 2009
2025 Notes [Member]
|
Mar. 31, 2005
2025 Notes [Member]
|
Dec. 31, 2013
2032 Notes [Member]
|
Dec. 31, 2012
2032 Notes [Member]
|
Mar. 31, 2012
2032 Notes [Member]
|
Dec. 31, 2012
Senior Unsecured Notes [Member]
|
Dec. 31, 2013
MARAD Debt [Member]
|
Dec. 31, 2012
MARAD Debt [Member]
|
|||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||||||||||||||||||||||||||||||||||
Long-term debt, Carrying Value | $ 592,668 | $ 1,050,916 | $ 367,181 | [1] | $ 100,000 | [1] | $ 292,500 | $ 3,487 | [2] | $ 300,000 | $ 200,000 | [3] | $ 200,000 | [3] | $ 200,000 | $ 274,960 | [4] | $ 100,168 | $ 105,288 | ||||||||||||||||||||
Long-term debt, Fair Value | 645,687 | [5] | 1,117,498 | [5] | 368,295 | [1],[5] | 100,000 | [1],[5] | 293,963 | [5] | 3,487 | [2],[5] | 242,250 | [3],[5] | 239,320 | [3],[5] | 283,209 | [4],[5] | 109,474 | [5] | 123,187 | [5] | |||||||||||||||||
Unamortized debt discount | $ 26,516 | [6] | $ 31,688 | $ 60,200 | $ 26,516 | [6],[7] | $ 35,400 | ||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
Oil And Gas Properties (Narrative) (Details) (USD $)
|
0 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Feb. 06, 2013
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Oil And Gas Properties [Line Items] | ||||
Proceeds from Divestiture of Businesses | $ 624,000,000 | |||
Oil and gas asset retirement costs | (10,334,000) | (37,970,000) | (4,907,000) | |
Camelot Field [Member]
|
||||
Oil And Gas Properties [Line Items] | ||||
Asset retirement obligation | 1,100,000 | 2,900,000 | 27,300,000 | |
Asset Retirement Obligation Revision Of Estimate | 1,600,000 | 15,500,000 | 20,000,000 | |
Gulf Of Mexico Oil And Gas Properties [Member]
|
||||
Oil And Gas Properties [Line Items] | ||||
Oil and gas asset retirement costs | $ (5,200,000) |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the Increase or Decrease in the amount of the asset retirement obligation during the current period for changes in the amount or timing of the estimated cash flows associated with the settlement of the obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the carrying amount of asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Oil and Gas Properties (Income (Loss) From Discontinued Operations) (Details) (USD $)
|
3 Months Ended | 12 Months Ended | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||||||||||
Income (loss) from discontinued operations, net of tax | $ 44,000 | $ (29,000) | $ 1,058,000 | $ (71,888,000) | $ 4,503,000 | $ 42,216,000 | $ 48,853,000 | $ 1,073,000 | $ 23,684,000 | $ 95,221,000 | |||||||||
Net interest expense | 32,898,000 | 48,160,000 | 70,181,000 | ||||||||||||||||
Impairment of Oil and Gas Properties | 138,600,000 | ||||||||||||||||||
Energy Resource Technology GOM, Inc [Member]
|
|||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||||||||||
Revenues | 48,847,000 | [1] | 557,231,000 | 696,607,000 | |||||||||||||||
Production (lifting) costs | 16,017,000 | [1] | 164,663,000 | 176,269,000 | |||||||||||||||
Hurricane repair expense | 662,000 | (4,838,000) | |||||||||||||||||
Exploration expense | 3,514,000 | [1] | 3,295,000 | 10,914,000 | |||||||||||||||
Depreciation, depletion, amortization and accretion | 1,226,000 | [1] | 158,284,000 | 219,915,000 | |||||||||||||||
Proved property impairment and abandonment | (152,000) | [1],[2] | 151,045,000 | [2] | 113,439,000 | [2] | |||||||||||||
(Gain) loss on sale of oil and gas properties | 1,714,000 | (4,531,000) | |||||||||||||||||
Hedge ineffectiveness and non-hedge gain on commodity derivative contracts | (5,550,000) | ||||||||||||||||||
Selling, general and administrative expense | 1,229,000 | [1] | 17,823,000 | 12,951,000 | |||||||||||||||
Net interest expense and other | 2,732,000 | [1],[3] | 28,191,000 | [3] | 25,558,000 | [3] | |||||||||||||
Total costs | 24,566,000 | [1] | 520,127,000 | 549,677,000 | |||||||||||||||
Pretax income from discontinued operations | 24,281,000 | [1] | 37,104,000 | 146,930,000 | |||||||||||||||
Income tax provision | 8,499,000 | [1] | 13,420,000 | 51,709,000 | |||||||||||||||
Income from operations of discontinued operations | 15,782,000 | [1] | 23,684,000 | 95,221,000 | |||||||||||||||
Loss on sale of business, net of tax | (14,709,000) | [1] | |||||||||||||||||
Income (loss) from discontinued operations, net of tax | 1,073,000 | [1] | 23,684,000 | 95,221,000 | |||||||||||||||
Net interest expense | $ 2,700,000 | $ 27,700,000 | $ 25,200,000 | ||||||||||||||||
|
X | ||||||||||
- Definition
The net amount of interest and debt related expenses associated with nonoperating financing activities of the entity and the net amount of other income and expense related to oil and gas activities No definition available.
|
X | ||||||||||
- Definition
Results Of Operations Gain on oil and gas derivative contracts. No definition available.
|
X | ||||||||||
- Definition
Results Of Operations Gain on sale of oil and gas properties. No definition available.
|
X | ||||||||||
- Definition
Results Of Operations Proved Property And Goodwill Impairment Charges No definition available.
|
X | ||||||||||
- Definition
Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Depreciation, depletion, amortization, and accretion related to oil and gas producing activities. No definition available.
|
X | ||||||||||
- Definition
The amount of expenses related to oil and gas producing activities. No definition available.
|
X | ||||||||||
- Definition
Other costs for oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
General and administrative costs from oil & gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Production (lifting) costs from oil and gas producing activities, including but not limited to lease operating expense, production and ad valorem taxes, and transportation expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total revenues from oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Details Of Certain Accounts (Other Current Assets) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Details Of Certain Accounts [Abstract] | ||
Other receivables | $ 785 | $ 1,086 |
Prepaid insurance | 7,038 | 11,999 |
Other prepaids | 12,999 | 11,751 |
Spare parts inventory | 1,038 | 2,480 |
Income tax receivable | 14,201 | |
Derivative assets (Note 16) | 69 | 5,946 |
Other | 7,780 | 5,529 |
Total other current assets | $ 29,709 | $ 52,992 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of the asset arising from a financial instrument or a contract used to mitigate a specified risk (hedge), and which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of other miscellaneous assets expected to be realized or consumed within one year or operating cycle, if longer. No definition available.
|
X | ||||||||||
- Definition
Amount of asset related to consideration paid in advance for other costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying amount of other receivables, net, due within one year of the balance sheet date (or one operating cycle, if longer) from third parties or arising from transactions not separately disclosed. No definition available.
|
X | ||||||||||
- Definition
Amount of asset related to consideration paid in advance for insurance that provides economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of consideration paid in advance for supplies that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Details Of Certain Accounts (Other Assets, Net) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Details Of Certain Accounts [Abstract] | ||
Deferred dry dock expenses, net (Note 2) | $ 24,756 | $ 22,704 |
Deferred financing costs, net (Note 7) | 24,297 | 24,338 |
Intangible assets with finite lives, net | 622 | 491 |
Other | 1,515 | 2,304 |
Total other assets, net | $ 51,190 | $ 49,837 |
X | ||||||||||
- Definition
Deferred Drydock Expenses, Net No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of other miscellaneous assets expected to be realized or consumed after one year or normal operating cycle, if longer. No definition available.
|
X | ||||||||||
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Details Of Certain Accounts (Accrued Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
||||||
---|---|---|---|---|---|---|---|---|
Accrued payroll and related benefits | $ 50,527 | $ 51,561 | ||||||
Current asset retirement obligations | 2,024 | 2,898 | ||||||
Unearned revenue | 19,608 | [1] | 6,137 | [1] | ||||
Billing in excess of cost | 1,677 | 6,445 | ||||||
Accrued interest | 4,187 | [2] | 17,451 | [2] | ||||
Derivative liability (Note 16) | 2,651 | 16,266 | ||||||
Taxes payable excluding income tax payable | 4,811 | 5,164 | ||||||
Pipelay assets sale deposit (Note 2) | 5,000 | 50,000 | ||||||
Other | 5,997 | 5,592 | ||||||
Total accrued liabilities | 96,482 | 161,514 | ||||||
Senior Unsecured Notes [Member]
|
||||||||
Accrued interest | $ 12,200 | |||||||
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Current portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Liability attributable to (i) billings in excess of costs under the percentage of completion contract accounting method representing the difference between contractually invoiced amounts (billings) and revenue recognized based, for example, on costs incurred to estimated total costs at period end or (ii) contractually invoiced amounts (billings) in excess of costs incurred and accumulated under the completed contract accounting method that are expected to be realized within one year or one operating cycle, whichever is longer, from the reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The current portion, due within one year or one operating cycle, if longer, of deposits held other than customer deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of the liability arising from a financial instrument or a contract used to mitigate a specified risk (hedge), and which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Equity Investments (Details) (USD $)
|
12 Months Ended | 3 Months Ended | 12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
ft
item
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2013
Deepwater Gateway, L.L.C. [Member]
|
Dec. 31, 2012
Deepwater Gateway, L.L.C. [Member]
|
Dec. 31, 2013
Independence Hub, LLC [Member]
|
Dec. 31, 2012
Independence Hub, LLC [Member]
|
Jun. 30, 2012
Clough Helix JV [Member]
|
Mar. 31, 2012
Clough Helix JV [Member]
|
Dec. 31, 2011
Clough Helix JV [Member]
|
|
Number Of Equity Investments | 2 | |||||||||
Equity method investment, ownership percentage | 50.00% | 20.00% | 50.00% | 50.00% | ||||||
Equity investments in unconsolidated affiliates | $ 157,919,000 | $ 167,599,000 | $ 85,800,000 | $ 91,400,000 | $ 72,100,000 | $ 76,200,000 | ||||
Capitalized interest | 1,300,000 | 1,300,000 | 4,300,000 | 4,600,000 | ||||||
Water Depth | 8,000 | |||||||||
Equity in earnings of investments | 2,965,000 | 8,434,000 | 22,215,000 | 3,700,000 | (3,800,000) | 2,100,000 | ||||
Contributions to equity investments | 2,700,000 | |||||||||
Exit Fee | 3,000,000 | |||||||||
Other than temporary loss on equity investments | $ 10,563,000 |
X | ||||||||||
- Definition
The balance of interest capitalized, net, related to the Company's equity method investments or property, plant and equipment. No definition available.
|
X | ||||||||||
- Definition
The number of equity investments No definition available.
|
X | ||||||||||
- Definition
Depth of the water. No definition available.
|
X | ||||||||||
- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Equity Investments (Distributions From Equity Investments) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Schedule of Equity Method Investments [Line Items] | |||
Distributions from equity investments | $ 12,260 | $ 16,230 | $ 26,180 |
Deepwater Gateway, L.L.C. [Member]
|
|||
Schedule of Equity Method Investments [Line Items] | |||
Distributions from equity investments | 7,600 | 8,157 | 7,600 |
Independence Hub, LLC [Member]
|
|||
Schedule of Equity Method Investments [Line Items] | |||
Distributions from equity investments | $ 4,660 | $ 8,073 | $ 18,580 |
X | ||||||||||
- Definition
Cash dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations that are returns of capital. Excludes dividends or distributions from equity method investments classified as operating activities. No definition available.
|
X | ||||||||||
- Details
|
Equity Investments (Schedule Of Summarized Aggregated Financial Information Related To The Subsidiaries) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Equity Investments [Abstract] | |||
Revenues | $ 32,942 | $ 53,159 | $ 193,521 |
Operating income | 10,058 | 30,463 | 97,954 |
Net income | 10,058 | 30,463 | 93,215 |
Current assets | 10,314 | 16,682 | 39,754 |
Total assets | 508,495 | 537,251 | 591,761 |
Current liabilities | 90 | 706 | 11,012 |
Total liabilities | $ 5,006 | $ 5,320 | $ 27,163 |
X | ||||||||||
- Definition
Equity Method Investment Operating Income No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of current assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of current liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. No definition available.
|
Kommandor LLC (Details) (USD $)
|
12 Months Ended | |
---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Noncontrolling Interest [Line Items] | ||
Oil and gas processing equipment, percentage of cost | 100.00% | |
Property and equipment | $ 1,959,783,000 | $ 2,051,796,000 |
Noncontrolling Interest, Ownership Percentage by Parent | 81.00% | |
Estimated cash outlay | 20,100,000 | |
Conversion Of The Vessel [Member]
|
||
Noncontrolling Interest [Line Items] | ||
Property and equipment | 148,700,000 | |
Topside Oil And Gas Processing Facilities [Member]
|
||
Noncontrolling Interest [Line Items] | ||
Property and equipment | $ 196,200,000 |
X | ||||||||||
- Definition
Estimated cash outlay at the time the put or call option is exercised. No definition available.
|
X | ||||||||||
- Definition
Oil And Gas Processing Equipment Percentage Of Cost Incurred By Parent No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
X | ||||||||||
- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Long-Term Debt (Narrative) (Details) (USD $)
|
12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
entity
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Aug. 31, 2011
|
Sep. 30, 2013
Interest Rate Swaps [Member]
|
Dec. 31, 2013
Revolving Credit Facility Maturing June 2018 [Member]
|
Jun. 30, 2013
Revolving Credit Facility Maturing June 2018 [Member]
|
Dec. 31, 2013
Term Loan Maturing June 2018 [Member]
|
Jul. 31, 2013
Term Loan Maturing June 2018 [Member]
|
Jun. 30, 2013
Term Loan Maturing June 2018 [Member]
|
Jun. 30, 2013
Former Credit Facility [Member]
|
Feb. 28, 2013
Former Credit Facility [Member]
|
Feb. 28, 2013
Term Loan [Member]
|
Jun. 30, 2013
Term Loan [Member]
|
Dec. 31, 2013
Term Loan [Member]
|
Dec. 31, 2012
Term Loan [Member]
|
Jun. 30, 2013
Revolving Credit Facility [Member]
|
Dec. 31, 2013
Revolving Credit Facility [Member]
|
Dec. 31, 2012
Revolving Credit Facility [Member]
|
Jul. 31, 2013
Senior Unsecured Notes [Member]
|
Mar. 31, 2012
Senior Unsecured Notes [Member]
|
Dec. 31, 2013
Senior Unsecured Notes [Member]
|
Dec. 31, 2011
Senior Unsecured Notes [Member]
|
Dec. 31, 2012
Senior Unsecured Notes [Member]
|
Dec. 31, 2007
Senior Unsecured Notes [Member]
|
Mar. 31, 2012
2032 Notes [Member]
|
Dec. 31, 2013
2032 Notes [Member]
|
Dec. 31, 2012
2032 Notes [Member]
|
Mar. 06, 2012
2032 Notes [Member]
|
Dec. 31, 2013
MARAD Debt [Member]
|
Dec. 31, 2012
MARAD Debt [Member]
|
Feb. 28, 2013
2025 Notes [Member]
|
Dec. 31, 2012
2025 Notes [Member]
|
Mar. 31, 2012
2025 Notes [Member]
|
Jan. 31, 2009
2025 Notes [Member]
|
Mar. 31, 2005
2025 Notes [Member]
|
Dec. 31, 2013
2025 Notes [Member]
|
Dec. 31, 2012
2025 Notes [Member]
|
Dec. 31, 2011
2025 Notes [Member]
|
Dec. 31, 2013
Minimum [Member]
Term Loan Maturing June 2018 [Member]
|
Dec. 31, 2013
Minimum [Member]
Loans [Member]
|
Dec. 31, 2013
Minimum [Member]
Loans [Member]
London Interbank Offered Rate (LIBOR) [Member]
|
Dec. 31, 2013
Minimum [Member]
Senior Unsecured Notes [Member]
|
Dec. 31, 2013
Maximum [Member]
Loans [Member]
|
Dec. 31, 2013
Maximum [Member]
Loans [Member]
London Interbank Offered Rate (LIBOR) [Member]
|
Dec. 31, 2013
Maximum [Member]
Senior Unsecured Notes [Member]
|
Dec. 31, 2013
Payment Period Two [Member]
Term Loan Maturing June 2018 [Member]
|
Dec. 31, 2013
Payment Period One [Member]
Term Loan Maturing June 2018 [Member]
|
||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Original borrowing capacity | $ 600,000,000 | $ 300,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Line Of Credit Facility Maximum Additional Commitments | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving credit facility, outstanding | 300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Spread on Interest Rate | 0.20% | 2.50% | 1.00% | 2.00% | 2.00% | 3.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitment fee percentage | 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving credit facility available | 584,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured letters of credit | 15,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number Of Foreign Subsidiaries | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of deferred financing costs | 5,187,000 | 9,086,000 | 8,910,000 | 2,900,000 | 600,000 | 2,000,000 | 2,100,000 | 900,000 | 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Maturity Date, Description | June 2018 | July 2015 | July 2015 | January 2016 | March 2032 | February 2027 | December 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of debt | 80,100,000 | 70,300,000 | 275,000,000 | 200,000,000 | 75,000,000 | 145,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of term loans | 374,681,000 | 12,569,000 | 130,691,000 | 318,400,000 | 3,500,000 | 154,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Senior Unsecured Notes amount issued | 550,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument interest rate | 9.50% | 3.25% | 4.93% | 3.25% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Redemption Period | 30 days | 60 days | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt, less current maturities | 545,776,000 | 1,002,621,000 | 277,500,000 | [1] | 475,000,000 | 275,000,000 | 173,484,000 | [2] | 94,792,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate amount of debt payment | 281,490,000 | 209,500,000 | 77,394,000 | 282,000,000 | 213,500,000 | 77,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Premium on debt extinguishment | 6,500,000 | 9,500,000 | 2,400,000 | 1,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accrued interest on notes | 500,000 | 4,000,000 | 800,000 | 1,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loss on early extinguishment of debt | 12,100,000 | 17,127,000 | 2,354,000 | 11,500,000 | 8,600,000 | 5,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt, Carrying Value | 592,668,000 | 1,050,916,000 | 292,500,000 | 367,181,000 | [3] | 100,000,000 | [3] | 274,960,000 | [4] | 200,000,000 | 200,000,000 | [5] | 200,000,000 | [5] | 100,168,000 | 105,288,000 | 3,487,000 | [6] | 300,000,000 | 3,487,000 | [6] | ||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | 195,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Convertible Senior Notes, shares of common stock | 39.9752 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Base Principal Amount | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Per share conversion price | $ 25.02 | $ 25.02 | $ 32.14 | $ 32.14 | $ 32.14 | $ 32.14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument Convertible Conversion Premium Percentage | 35.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Closing price per share | $ 18.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issuance Of Notes Percentage | 100.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Unamortized Discount | 26,516,000 | [7] | 31,688,000 | 35,400,000 | 26,516,000 | [2],[7] | 60,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected life used to estimate fair value | 6 years | 7 years 9 months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effective interest rate | 6.90% | 6.60% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt percentage guaranteed | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument issued percentage | 100.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Repurchase Amount | 142,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accelerated amortization of debt discount | 5,172,000 | 9,729,000 | 8,973,000 | 3,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred financing costs | 10,954,000 | 7,580,000 | 9,311,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amount of Foreign Currency Derivatives | 148,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amount of Derivatives | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayment of revolving credit facility | $ 147,617,000 | $ 109,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Convertible, Conversion Price | $ 25.02 | $ 25.02 | $ 32.14 | $ 32.14 | $ 32.14 | $ 32.14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Convertible, Stock Price Trigger | $ 32.53 | $ 32.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Incremental Common Shares Attributable to Conversion of Debt Securities | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
The base principal amount for initial conversion rate on the debt. No definition available.
|
X | ||||||||||
- Definition
Convertible senior notes conversion rate into shares of common stock No definition available.
|
X | ||||||||||
- Definition
The conversion premium percentage over the closing price of common stock on specified date used in calculating the initial conversion price. No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Issued Percentage To Principal Amount No definition available.
|
X | ||||||||||
- Definition
Debt instrument collateral percentage guaranteed No definition available.
|
X | ||||||||||
- Definition
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
The number of foreign subsidiaries the company may designate as a subsidiary not generally subject to the covenants in the Credit Agreement. No definition available.
|
X | ||||||||||
- Definition
The period in which the debt may be redeemed. No definition available.
|
X | ||||||||||
- Definition
Repayment of revolving credit facility No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition
Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Remaining amortization period for discount on the liability component of convertible debt which may be settled in cash upon conversion, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Price of the entity's common stock which would be required to be attained for the conversion feature embedded in the debt instrument to become effective. No definition available.
|
X | ||||||||||
- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the required periodic payments applied to principal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of payment greater than the preceding installment payments to be paid at final maturity date of debt. No definition available.
|
X | ||||||||||
- Definition
Fair value amount of debt instrument that was repurchased. No definition available.
|
X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Nominal or face amount used to calculate payments on the derivative asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for the extinguishment of long-term borrowing, with the highest claim on the assets of the entity in case of bankruptcy or liquidation, before its maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible debt securities using the if-converted method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
X | ||||||||||
- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. No definition available.
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for incremental, external costs directly pertaining to an early extinguishment of debt, including legal costs and prepayment penalties, and excluding interest and repayment of debt principal. No definition available.
|
X | ||||||||||
- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. No definition available.
|
X | ||||||||||
- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
|
X | ||||||||||
- Definition
The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Price of a single share of a number of saleable stocks of a company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Long-Term Debt (Schedule of Long-Term Debt) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
Term Loan [Member]
|
Dec. 31, 2012
Term Loan [Member]
|
Dec. 31, 2013
Revolving Credit Facility [Member]
|
Dec. 31, 2012
Revolving Credit Facility [Member]
|
Dec. 31, 2013
Term Loan Maturing June 2018 [Member]
|
Dec. 31, 2013
2025 Notes [Member]
|
Dec. 31, 2012
2025 Notes [Member]
|
Jan. 31, 2009
2025 Notes [Member]
|
Dec. 31, 2013
2032 Notes [Member]
|
Dec. 31, 2012
2032 Notes [Member]
|
Mar. 31, 2012
2032 Notes [Member]
|
Dec. 31, 2013
Senior Unsecured Notes [Member]
|
Dec. 31, 2012
Senior Unsecured Notes [Member]
|
Dec. 31, 2011
Senior Unsecured Notes [Member]
|
Dec. 31, 2013
MARAD Debt [Member]
|
Dec. 31, 2012
MARAD Debt [Member]
|
||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||
Total debt | $ 566,152 | $ 1,019,228 | $ 367,181 | $ 100,000 | $ 292,500 | $ 3,487 | $ 200,000 | $ 200,000 | $ 274,960 | $ 100,168 | $ 105,288 | ||||||||||||||||
Current maturities | (20,376) | (16,607) | |||||||||||||||||||||||||
Long-term debt, less current maturities | 545,776 | 1,002,621 | 277,500 | [1] | 173,484 | [2] | 275,000 | 475,000 | 94,792 | ||||||||||||||||||
Unamortized debt discount | $ (26,516) | [3] | $ (31,688) | $ (60,200) | $ (26,516) | [2],[3] | $ (35,400) | ||||||||||||||||||||
Maturity date | July 2015 | July 2015 | June 2018 | December 2025 | March 2032 | January 2016 | February 2027 | ||||||||||||||||||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Long-Term Debt (Schedule Of Redemption Price By Maturity) (Details)
|
12 Months Ended |
---|---|
Dec. 31, 2013
|
|
Long-Term Debt [Abstract] | |
Redemption Price, 2013 | 102.375% |
Redemption Price, 2014 and Thereafter | 100.00% |
X | ||||||||||
- Definition
Senior Secured Notes Redemption Price In Current Fiscal Year No definition available.
|
X | ||||||||||
- Definition
Senior Secured Notes Redemption Price In Next Fiscal Year and Thereafter No definition available.
|
X | ||||||||||
- Details
|
Long-Term Debt (Schedule of Deferred Financing Costs) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Feb. 28, 2013
Term Loan [Member]
|
Jun. 30, 2013
Term Loan [Member]
|
Dec. 31, 2012
Term Loan [Member]
|
Dec. 31, 2012
Revolving Credit Facility [Member]
|
Dec. 31, 2013
Term Loan Maturing June 2018 [Member]
|
Dec. 31, 2013
Revolving Credit Facility Maturing June 2018 [Member]
|
Mar. 31, 2012
2025 Notes [Member]
|
Dec. 31, 2012
2025 Notes [Member]
|
Dec. 31, 2013
2032 Notes [Member]
|
Dec. 31, 2012
2032 Notes [Member]
|
Mar. 31, 2012
Senior Unsecured Notes [Member]
|
Dec. 31, 2013
Senior Unsecured Notes [Member]
|
Dec. 31, 2011
Senior Unsecured Notes [Member]
|
Dec. 31, 2012
Senior Unsecured Notes [Member]
|
Dec. 31, 2013
MARAD Debt [Member]
|
Dec. 31, 2012
MARAD Debt [Member]
|
||||||||||||
Gross Carrying Amount | $ 32,872 | $ 70,622 | $ 15,318 | [1] | $ 20,021 | [1] | $ 3,638 | [2] | $ 13,275 | [2] | $ 8,189 | $ 3,759 | $ 4,251 | $ 10,643 | [3] | $ 12,200 | $ 12,200 | |||||||||||||
Accumulated Amortization | (8,575) | (46,284) | (11,595) | [1] | (12,466) | [1] | (364) | [2] | (1,327) | [2] | (8,189) | (1,148) | (534) | (8,252) | [3] | (5,736) | (5,248) | |||||||||||||
Net | 24,297 | 24,338 | 3,723 | [1] | 7,555 | [1] | 3,274 | [2] | 11,948 | [2] | 2,611 | 3,717 | 2,391 | [3] | 6,464 | 6,952 | ||||||||||||||
Amortization of deferred financing costs | $ 5,187 | $ 9,086 | $ 8,910 | $ 2,900 | $ 600 | $ 300 | $ 2,000 | $ 2,100 | $ 900 | |||||||||||||||||||||
|
X | ||||||||||
- Definition
Carrying amount of accumulated amortization of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross amount, as of the balance sheet date, of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings in periods after one year or beyond the normal operating cycle, if longer, over the life of the long-term debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net amount of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Long-Term Debt (Maturities Of Long-Term Debt) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
Term Loan Maturing June 2018 [Member]
|
Dec. 31, 2013
MARAD Debt [Member]
|
Dec. 31, 2013
2032 Notes [Member]
|
Mar. 31, 2012
2032 Notes [Member]
|
|||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debt Instrument [Line Items] | |||||||||||||||
Less than one year | $ 20,376 | $ 15,000 | [1] | $ 5,376 | |||||||||||
One to two years | 28,144 | 22,500 | [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 | 201,532 | 195,000 | [1] | 6,532 | |||||||||||
Over five years | 270,468 | 70,468 | 200,000 | [2] | |||||||||||
Total debt | 592,668 | 292,500 | [1] | 100,168 | 200,000 | [2] | |||||||||
Current maturities | (20,376) | (16,607) | (15,000) | [1] | (5,376) | ||||||||||
Long-term debt, less current maturities | 572,292 | 277,500 | [1] | 94,792 | 200,000 | [2] | |||||||||
Unamortized debt discount | (26,516) | [3] | (31,688) | (26,516) | [2],[3] | (35,400) | |||||||||
Long-term debt | $ 545,776 | $ 1,002,621 | $ 277,500 | [1] | $ 94,792 | $ 173,484 | [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
Sum of the carrying values as of the balance sheet date of all debt, including all short-term borrowings, long-term debt, and capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Long-Term Debt (Interest Expense And Capitalized Interest) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
||||||
Interest expense | $ 44,484 | [1] | $ 53,601 | [1] | $ 72,824 | [1] | ||
Interest income | (1,167) | (548) | (1,366) | |||||
Capitalized interest | (10,419) | (4,893) | (1,277) | |||||
Interest expense, net | 32,898 | 48,160 | 70,181 | |||||
Energy Resource Technology GOM, Inc [Member]
|
||||||||
Interest expense | $ 2,800 | $ 28,600 | $ 25,800 | |||||
|
X | ||||||||||
- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
|
X | ||||||||||
- Definition
Amount of interest capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of estimated penalties and interest accrued as of the balance sheet date arising from income tax examinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of the amounts of estimated penalties and interest recognized in the period arising from income tax examinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The noncurrent portion of the amount recognized for uncertain tax positions as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expiration date of each operating loss carryforward included in operating loss carryforward, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Expiration date of the tax credit carryforward, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of decrease in unrecognized tax benefits resulting from tax positions taken in prior period tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Schedule Of Components Of Income Tax Expense (Benefit) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Income Taxes [Abstract] | |||
Current | $ 57,128 | $ 6,572 | $ (78,150) |
Deferred | (25,516) | (65,730) | 41,344 |
Income Tax Expense (Benefit), Total | 31,612 | (59,158) | (36,806) |
Domestic | 11,615 | (78,211) | (51,590) |
Foreign | $ 19,997 | $ 19,053 | $ 14,784 |
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of other deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. For example, but not limited to, acquisition-date income tax benefits or expenses recognized from changes in the acquirer's valuation allowance for its previously existing deferred tax assets resulting from a business combination and adjustments to beginning-of-year balance of a valuation allowance because of a change in circumstance causing a change in judgment about the realizability of the related deferred tax asset in future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current and deferred income tax expense (benefit) attributable to income (loss) from continuing domestic operations within the country of domicile of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current and deferred income tax expense (benefit) attributable to income (loss) from continuing foreign operations not within the country of domicile of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Schedule of Income Tax Rate Reconciliation) (Details)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract] | |||
Statutory rate | 35.00% | 35.00% | 35.00% |
Foreign provision | (11.60%) | 11.20% | (291.00%) |
Effect of Australia reorganization | (2984.30%) | ||
Other | (1.40%) | 0.80% | (265.00%) |
Effective tax rate | 22.00% | 47.00% | (3505.30%) |
X | ||||||||||
- Definition
Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to the repatriation of foreign earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Deferred tax liabilities: | ||
Depreciation and depletion | $ 169,404 | $ 336,471 |
Original Issue Discount on 2025 and 2032 Notes | 14,720 | 13,098 |
Equity investments in production facilities | 84,870 | 81,082 |
Prepaid and other | 7,556 | 10,548 |
Total deferred tax liabilities | 276,550 | 441,199 |
Deferred tax assets: | ||
Net operating loss | (40,105) | (36,981) |
Asset retirement obligations | (708) | (70,085) |
Reserves, accrued liabilities and other | (44,291) | (35,229) |
Total deferred tax assets | (85,104) | (142,295) |
Valuation allowance | 22,860 | 16,391 |
Current deferred tax assets | (51,573) | (43,942) |
Noncurrent deferred tax liabilities | 265,879 | 359,237 |
Net deferred tax liabilities | $ 214,306 | $ 315,295 |
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from asset retirement obligations. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from other reserves and accruals not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences net of deferred tax asset attributable to deductible temporary differences and carryforwards after valuation allowances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences from financing arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences from investments in unconsolidated subsidiaries and investments in other affiliates which are not controlled nor consolidated. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes (Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits) (Details) (Helix [Member], USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Helix [Member]
|
|||
Balance at January 1, | $ 4,506 | $ 7,085 | $ 4,085 |
Additions based on tax positions related to current year | 2,785 | ||
Additions for tax positions of prior years | 217 | 206 | 215 |
Reductions for tax positions of prior years | (2,785) | ||
Balance at December 31, | $ 4,723 | $ 4,506 | $ 7,085 |
X | ||||||||||
- Definition
Amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of decrease in unrecognized tax benefits resulting from tax positions taken in prior period tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase in unrecognized tax benefits resulting from tax positions that have been or will be taken in current period tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares available for issuance under the plan. No definition available.
|
X | ||||||||||
- Definition
The average period in which the forfeiture percentage is calculated. No definition available.
|
X | ||||||||||
- Definition
Forfeiture percentage of restricted stock No definition available.
|
X | ||||||||||
- Definition
Maximum percetage of total shares of common stock issued and outstanding eligible to be granted to executives, selected management employees, and non employee members of board of directors. No definition available.
|
X | ||||||||||
- Definition
The measurement period to determine the annual payment for the share-based cash awards. No definition available.
|
X | ||||||||||
- Definition
Minimum percentage of average price during measurement period. No definition available.
|
X | ||||||||||
- Definition
The number of stock-based compensation plans. 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 performance share units granted No definition available.
|
X | ||||||||||
- Definition
The highest percentage match of employees contribution to the plan. 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 | ||||||||||
- Definition
Number of shares authorized for issuance as a result of an employee stock purchase plan. No definition available.
|
X | ||||||||||
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of commitment made to pay deferred cash remuneration. No definition available.
|
X | ||||||||||
- Definition
The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of distributions made to the individual during the period. No definition available.
|
X | ||||||||||
- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for deferred compensation arrangements. Represents currently earned compensation under cash arrangements (such as a profit-sharing plan, rabbi trust, and employee contract--excluding equity-based arrangements) that is not actually paid until a later date. No definition available.
|
X | ||||||||||
- Definition
The amount of the cost recognized during the period for defined contribution plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Unrecognized cost of unvested share-based awards, other than options, awarded to employees as compensation. No definition available.
|
X | ||||||||||
- Definition
The noncash expense that represents the cost of restricted stock or unit distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average remaining contractual term for equity-based awards excluding options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The highest percentage of annual salary that an employee is permitted to utilize with respect to the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of additional shares authorized for issuance under an established share-based compensation plan. No definition available.
|
X | ||||||||||
- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
X | ||||||||||
- Definition
Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average of per share prices paid for shares purchased on the open market for issuance to employees under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average remaining contractual term of exercisable stock options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Employee Benefit Plans (Schedule Of Stock Options Activity) (Details) (USD $)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Employee Benefit Plans [Abstract] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance | 52,800 | 192,800 | 432,918 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | (52,800) | (140,000) | (181,670) |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | (58,448) | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 0 | 52,800 | 192,800 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | 52,800 | 192,800 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ 13.91 | $ 10.52 | $ 10.78 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ 13.91 | $ 9.24 | $ 10.92 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price | $ 11.20 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ 13.91 | $ 10.52 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 13.91 | $ 10.52 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
X | ||||||||||
- Definition
Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
|
X | ||||||||||
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Employee Benefit Plans (Schedule Of Restricted Stock And Restricted Stock Units Activity) (Details) (USD $)
In Millions, except Share data, unless otherwise specified |
1 Months Ended | 12 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance | 955,615 | [1] | 1,324,312 | [1] | 1,263,218 | [1] | 1,463,298 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 73,609 | 257,797 | 482,340 | 571,163 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | (518,240) | [2] | (400,180) | [2] | (504,813) | [2] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | (108,254) | (21,066) | (266,430) | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 955,615 | [1] | 1,324,312 | [1] | 1,263,218 | [1] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance | $ 16.16 | [1],[3] | $ 15.09 | [1],[3] | $ 14.80 | [1],[3] | $ 16.93 | [3] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 24.86 | [3] | $ 18.33 | [3] | $ 12.77 | [3] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ 17.70 | [2],[3] | $ 18.07 | [2],[3] | $ 19.87 | [2],[3] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ 16.49 | [3] | $ 15.00 | [3] | $ 12.55 | [3] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ 16.16 | [1],[3] | $ 15.09 | [1],[3] | $ 14.80 | [1],[3] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value | $ 11.4 | $ 6.7 | $ 6.7 | |||||||||||
Deferred Compensation Arrangement with Individual, Distributions Paid | 9.2 | 7.1 | 5.5 | 5.9 | ||||||||||
Restricted Stock Units (RSUs) [Member]
|
||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 67,520 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ 15.80 | |||||||||||||
Deferred Compensation Arrangement with Individual, Distributions Paid | 0.8 | |||||||||||||
Deferred Compensation Liability, Current and Noncurrent | $ 1.3 | |||||||||||||
|
X | ||||||||||
- Definition
The amount of distributions made to the individual during the period. No definition available.
|
X | ||||||||||
- Definition
Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements. Represents currently earned compensation under compensation arrangements that is not actually paid until a later date. No definition available.
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Employee Benefit Plans (Restricted Shares Granted) (Details) (USD $)
|
1 Months Ended | 12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
||||||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||||||||||
Restricted share grants, Shares | 73,609 | 257,797 | 482,340 | 571,163 | |||||||||
Restricted share grants, Market Value Per Share | $ 23.18 | ||||||||||||
Performance Share Units Granted | 73,609 | ||||||||||||
Grant Share Amount A [Member]
|
|||||||||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||||||||||
Restricted share grants, Date of Grant | Jan. 02, 2013 | [1] | |||||||||||
Restricted share grants, Shares | 89,329 | [1] | |||||||||||
Restricted share grants, Market Value Per Share | $ 20.64 | [1] | |||||||||||
Restricted share grants, vesting percentage | 33.00% | [1] | |||||||||||
Restricted share grants Vesting Period, in years | 3 years | [1] | |||||||||||
Grant Share Amount B [Member]
|
|||||||||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||||||||||
Restricted share grants, Date of Grant | Jan. 02, 2013 | [2] | |||||||||||
Restricted share grants, Shares | 89,329 | [2] | |||||||||||
Restricted share grants, Market Value Per Share | $ 30.96 | [2] | |||||||||||
Restricted share grants, vesting percentage | 100.00% | [2] | |||||||||||
Restricted share grants Vesting Period, in years | 3 years | ||||||||||||
Restricted stock, vesting date | January 1, 2016 | [2] | |||||||||||
Grant Share Amount C [Member]
|
|||||||||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||||||||||
Restricted share grants, Date of Grant | Jan. 02, 2013 | [3] | |||||||||||
Restricted share grants, Shares | 1,620 | [3] | |||||||||||
Restricted share grants, Market Value Per Share | $ 20.64 | [3] | |||||||||||
Restricted share grants, vesting percentage | 100.00% | [3] | |||||||||||
Restricted stock, vesting date | January 1, 2015 | [3] | |||||||||||
Grant Share Amount D [Member]
|
|||||||||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||||||||||
Restricted share grants, Date of Grant | Apr. 01, 2013 | [3] | |||||||||||
Restricted share grants, Shares | 2,814 | [3] | |||||||||||
Restricted share grants, Market Value Per Share | $ 22.88 | [3] | |||||||||||
Restricted share grants, vesting percentage | 100.00% | [3] | |||||||||||
Restricted stock, vesting date | January 1, 2015 | [3] | |||||||||||
Grant Share Amount E [Member]
|
|||||||||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||||||||||
Restricted share grants, Date of Grant | Jul. 01, 2013 | [3] | |||||||||||
Restricted share grants, Shares | 2,740 | [3] | |||||||||||
Restricted share grants, Market Value Per Share | $ 23.04 | [3] | |||||||||||
Restricted share grants, vesting percentage | 100.00% | [3] | |||||||||||
Restricted stock, vesting date | January 1, 2015 | [3] | |||||||||||
Grant Share Amount F [Member]
|
|||||||||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||||||||||
Restricted share grants, Date of Grant | Oct. 01, 2013 | [3] | |||||||||||
Restricted share grants, Shares | 2,389 | [3] | |||||||||||
Restricted share grants, Market Value Per Share | $ 25.37 | [3] | |||||||||||
Restricted share grants, vesting percentage | 100.00% | [3] | |||||||||||
Restricted stock, vesting date | January 1, 2015 | [3] | |||||||||||
Grant Share Amount G [Member]
|
|||||||||||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||||||||||
Restricted share grants, Date of Grant | Dec. 05, 2013 | [4] | |||||||||||
Restricted share grants, Shares | 53,358 | [4] | |||||||||||
Restricted share grants, Market Value Per Share | $ 22.49 | [4] | |||||||||||
Restricted share grants, vesting percentage | 33.00% | [4] | |||||||||||
Restricted share grants Vesting Period, in years | 3 years | [4] | |||||||||||
|
X | ||||||||||
- Definition
Number of performance share units granted 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 | ||||||||||
- Details
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average of per share prices paid for shares purchased on the open market for issuance to employees under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Shareholders' Equity (Narrative) (Details) (USD $)
|
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Stockholders' Equity Note [Abstract] | ||
Common stock, authorized (in shares) | 240,000,000 | 240,000,000 |
Common stock, par (in dollars per share) | ||
Preferred Stock, Shares Authorized | 5,000,000 | |
Preferred Stock, Par or Stated Value Per Share | $ 0.01 |
X | ||||||||||
- Definition
Face amount per share of no-par value common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Shareholders' Equity (Components Of Accumulated Other Comprehensive Loss) (Details) (USD $)
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|||
---|---|---|---|---|---|
Stockholders' Equity Note [Abstract] | |||||
Cumulative foreign currency translation adjustment | $ (10,697,000) | $ (15,667,000) | |||
Unrealized gain (loss) on hedges, net | (9,991,000) | [1] | |||
Accumulated other comprehensive loss | (20,688,000) | (15,667,000) | |||
Deferred Tax Assets, Other Comprehensive Loss | $ 5,400,000 | ||||
|
X | ||||||||||
- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from unrealized losses in other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Stock Buyback Program (Details) (USD $)
In Millions, except Share data, unless otherwise specified |
12 Months Ended | |
---|---|---|
Dec. 31, 2013
|
Jun. 30, 2009
|
|
Stock Buyback Program [Abstract] | ||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 1,500,000 | |
Total stock repurchase, shares | 3,268,514 | |
Stock Repurchased and Retired During Period, Shares | 389,721 | |
Stock Repurchased and Retired During Period, Value | $ 8.8 | |
Total stock repurchase, value | $ 45.8 | |
Weighted Average Price Of Shares Repurchased And Retired | $ 22.72 | |
Repurchase of common stock, value per share | $ 14.01 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Stock repurchased and retired during period average cost per share No definition available.
|
X | ||||||||||
- Definition
Total stock repurchase shares No definition available.
|
X | ||||||||||
- Definition
Total stock repurchase value No definition available.
|
X | ||||||||||
- Definition
The weighted average of per share prices paid for shares repurchased on the open market and retired und the stock repurchase program. No definition available.
|
X | ||||||||||
- Definition
Number of shares that have been repurchased and retired during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan. No definition available.
|
Related Party Transactions (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Partnership interests | 85.00% | ||
OKCD [Member]
|
|||
Related party payment | $ 0.6 | $ 6.9 | $ 8.3 |
Weatherford [Member]
|
|||
Related party payment | $ 3.6 |
X | ||||||||||
- Definition
Purchases during the period (excluding transactions that are eliminated in consolidated or combined financial statements) with related party. No definition available.
|
X | ||||||||||
- Definition
The number of units or percentage investment held in the subsidiary by the limited liability company or limited partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments And Contingencies (Narrative) (Details) (USD $)
|
12 Months Ended | 36 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2009
|
Dec. 31, 2013
Annual Aggregate [Member]
|
Sep. 30, 2013
Q7000 [Member]
|
Dec. 31, 2013
Q7000 [Member]
|
Dec. 31, 2013
Q7000 [Member]
Vessel Delivery [Member]
|
Dec. 31, 2013
Q7000 [Member]
Contract Signing [Member]
|
Dec. 31, 2013
Q4000 Helix Producer I And Well Enhancer [Member]
|
Aug. 31, 2012
Helix 534 [Member]
|
Dec. 31, 2013
Helix 534 [Member]
|
Mar. 31, 2012
Q5000 [Member]
|
Dec. 31, 2013
Q5000 [Member]
|
Dec. 31, 2013
Seawell And H534 [Member]
|
Dec. 31, 2013
General Liability [Member]
Per Occurance [Member]
|
Dec. 31, 2013
Maritime Employers Liability [Member]
Per Occurance [Member]
|
Dec. 31, 2013
Maritime Employers Liability [Member]
Annual Aggregate [Member]
|
|
Long-term Purchase Commitment, Amount | $ 346,000,000 | $ 386,500,000 | ||||||||||||||||
Long Term Purchase Commitment Percentage | 80.00% | 20.00% | ||||||||||||||||
Payments to Acquire Property, Plant, and Equipment | 69,200,000 | 85,000,000 | 173,800,000 | |||||||||||||||
Property and equipment | 1,959,783,000 | 2,051,796,000 | 76,700,000 | 202,800,000 | 210,600,000 | |||||||||||||
Operating Leases, Rent Expense, Net | 102,100,000 | 85,000,000 | 62,200,000 | |||||||||||||||
Operating Leases, Rent Expense, Sublease Rentals | 400,000 | |||||||||||||||||
Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals | 2,400,000 | |||||||||||||||||
Trade receivables collected | 303,000,000 | |||||||||||||||||
Insurance Deductibles | 5,000,000 | 1,000,000 | 500,000 | 100,000 | 100,000 | 1,000,000 | ||||||||||||
Insurance liability limits | 500,000,000 | |||||||||||||||||
Self-insured retention for employees | $ 250,000 |
X | ||||||||||
- Definition
The amount the entity must incur before the insurance arrangement begins to provide coverage. No definition available.
|
X | ||||||||||
- Definition
Insurance liability limits. No definition available.
|
X | ||||||||||
- Definition
The percentage due of the amount the entity agreed to spend under the long-term purchase commitment . No definition available.
|
X | ||||||||||
- Definition
Self-insured retention for employees. No definition available.
|
X | ||||||||||
- Definition
The minimum amount the entity agreed to spend under the long-term purchase commitment. No definition available.
|
X | ||||||||||
- Definition
Contractually required future rental payments receivable on noncancelable subleasing arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of sublease rental income recognized during the period that reduces the entity's rent expense incurred under operating leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with the proceeds from sale and collection of receivables during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments And Contingencies (Lease Commitments) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
---|---|
2014 | $ 123,105 |
2015 | 148,720 |
2016 | 113,019 |
2017 | 84,586 |
2018 | 51,512 |
Thereafter | 67,488 |
Total lease commitments | 588,430 |
Vessels [Member]
|
|
2014 | 119,672 |
2015 | 144,478 |
2016 | 109,155 |
2017 | 80,705 |
2018 | 47,595 |
Thereafter | 45,938 |
Total lease commitments | 547,543 |
Facilities And Other [Member]
|
|
2014 | 3,433 |
2015 | 4,242 |
2016 | 3,864 |
2017 | 3,881 |
2018 | 3,917 |
Thereafter | 21,550 |
Total lease commitments | $ 40,887 |
X | ||||||||||
- Definition
Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the next fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the fifth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the forth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the third fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing in the second fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of required minimum rental payments maturing after the fifth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Business Segment Information (Summary Of Financial Data By Segment) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2013
Well Intervention [Member]
|
Dec. 31, 2012
Well Intervention [Member]
|
Dec. 31, 2011
Well Intervention [Member]
|
Dec. 31, 2013
Robotics [Member]
|
Dec. 31, 2012
Robotics [Member]
|
Dec. 31, 2011
Robotics [Member]
|
Dec. 31, 2013
Subsea Construction [Member]
|
Dec. 31, 2012
Subsea Construction [Member]
|
Dec. 31, 2011
Subsea Construction [Member]
|
Jun. 30, 2013
Caesar [Member]
|
Dec. 31, 2012
Caesar [Member]
|
Jul. 31, 2013
Express [Member]
|
Dec. 31, 2012
Intrepid Vessel [Member]
|
Dec. 31, 2013
Production Facilities [Member]
|
Dec. 31, 2012
Production Facilities [Member]
|
Dec. 31, 2011
Production Facilities [Member]
|
Dec. 31, 2013
Corporate And Eliminations [Member]
|
Dec. 31, 2012
Corporate And Eliminations [Member]
|
Dec. 31, 2011
Corporate And Eliminations [Member]
|
Dec. 31, 2013
Corporate [Member]
|
Dec. 31, 2012
Corporate [Member]
|
Dec. 31, 2011
Corporate [Member]
|
Dec. 31, 2013
Intercompany Elimination [Member]
|
Dec. 31, 2012
Intercompany Elimination [Member]
|
Dec. 31, 2011
Intercompany Elimination [Member]
|
Dec. 31, 2012
Discontinued Operations [Member]
|
Dec. 31, 2011
Discontinued Operations [Member]
|
||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenues | $ 226,837 | [1] | $ 220,117 | [1] | $ 232,178 | [1] | $ 197,429 | [1] | $ 201,696 | [2] | $ 217,110 | [2] | $ 197,461 | [2] | $ 229,842 | [2] | $ 876,561 | $ 846,109 | $ 702,000 | $ 452,452 | $ 378,546 | $ 340,952 | $ 333,246 | $ 328,726 | $ 245,360 | $ 71,321 | $ 192,521 | $ 151,923 | $ 88,149 | $ 80,091 | $ 75,460 | $ (68,607) | $ (133,775) | $ (111,695) | |||||||||||||||||||||
Income (loss) from operations | 179,034 | (68,483) | 63,040 | 131,840 | 85,482 | 80,030 | 44,132 | 55,678 | 36,518 | 33,685 | [3] | (148,862) | [3] | (9,535) | [3] | 49,778 | 40,082 | 38,404 | (77,041) | (92,985) | (82,470) | (3,360) | (7,878) | 93 | |||||||||||||||||||||||||||||||
Net interest expense and other | 38,411 | 65,949 | 73,682 | (217) | 2,152 | (1,062) | (210) | (1,203) | 1,847 | 480 | (247) | (20) | 380 | 365 | 442 | 37,978 | 64,882 | 72,475 | |||||||||||||||||||||||||||||||||||||
Equity in earnings of investments | 2,965 | 8,434 | 22,215 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | 143,588 | (125,998) | 1,010 | 132,057 | 83,205 | 72,642 | 44,342 | 56,881 | 34,671 | 33,205 | (148,615) | (9,515) | 52,363 | 48,276 | 58,064 | (118,379) | (165,745) | (154,852) | |||||||||||||||||||||||||||||||||||||
Income tax provision (benefit) | 31,612 | (59,158) | (36,806) | 26,718 | 15,400 | 21,154 | 15,530 | 20,222 | 10,978 | 11,655 | (51,329) | (2,897) | 17,233 | 15,784 | 19,233 | (39,524) | (59,235) | (85,274) | |||||||||||||||||||||||||||||||||||||
Total assets | 2,544,280 | 3,386,580 | 2,544,280 | 3,386,580 | 3,582,347 | 1,245,229 | 936,926 | 682,449 | 282,373 | 258,117 | 207,205 | 38,054 | 303,479 | 548,043 | 495,829 | 504,828 | 536,026 | 482,795 | 483,003 | 584,304 | 900,227 | 1,024,320 | |||||||||||||||||||||||||||||||||
Capital expenditures | 324,426 | 323,039 | 100,154 | 283,132 | 274,451 | 13,923 | 39,655 | 44,500 | 27,045 | 1,252 | 823 | 30,896 | 387 | 3,265 | 28,290 | ||||||||||||||||||||||||||||||||||||||||
Depreciation and amortization | 98,535 | 97,201 | 91,188 | 44,619 | 37,736 | 35,544 | 22,263 | 19,933 | 16,426 | 8,651 | 19,773 | 21,321 | 17,193 | 16,828 | 14,935 | 5,809 | 2,931 | 2,962 | |||||||||||||||||||||||||||||||||||||
Gain on sale or acquisition of assets, net | 14,727 | (13,476) | (6) | (1,100) | 15,600 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Impairment of Long-Lived Assets Held-for-use | $ 158,000 | $ 4,600 | $ 14,600 | $ 177,135 | $ 6,564 | $ 157,800 | $ 14,600 | ||||||||||||||||||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
Net Interest Expense and Other No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
X | ||||||||||
- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Business Segment Information (Summary Of Intercompany Segment Revenues) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | $ 226,837 | [1] | $ 220,117 | [1] | $ 232,178 | [1] | $ 197,429 | [1] | $ 201,696 | [2] | $ 217,110 | [2] | $ 197,461 | [2] | $ 229,842 | [2] | $ 876,561 | $ 846,109 | $ 702,000 | ||||
Intercompany Elimination [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 68,607 | 133,775 | 111,695 | ||||||||||||||||||||
Well Intervention [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 452,452 | 378,546 | 340,952 | ||||||||||||||||||||
Well Intervention [Member] | Intercompany Elimination [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 22,448 | 36,781 | 16,175 | ||||||||||||||||||||
Robotics [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 333,246 | 328,726 | 245,360 | ||||||||||||||||||||
Robotics [Member] | Intercompany Elimination [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 41,169 | 46,465 | 45,251 | ||||||||||||||||||||
Subsea Construction [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 71,321 | 192,521 | 151,923 | ||||||||||||||||||||
Subsea Construction [Member] | Intercompany Elimination [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 317 | 4,472 | 4,212 | ||||||||||||||||||||
Production Facilities [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | 88,149 | 80,091 | 75,460 | ||||||||||||||||||||
Production Facilities [Member] | Intercompany Elimination [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Net revenues | $ 4,673 | $ 46,057 | $ 46,057 | ||||||||||||||||||||
|
X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Business Segment Information (Intercompany Segment Gross Profit (Loss)) (Details) (Intercompany Elimination [Member], USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Segment Reporting Information [Line Items] | |||
Gross profit (loss) with other operating segments of same entity | $ 3,360 | $ 7,878 | $ (93) |
Well Intervention [Member]
|
|||
Segment Reporting Information [Line Items] | |||
Gross profit (loss) with other operating segments of same entity | (141) | 6,203 | (223) |
Robotics [Member]
|
|||
Segment Reporting Information [Line Items] | |||
Gross profit (loss) with other operating segments of same entity | 3,518 | 180 | 213 |
Subsea Construction [Member]
|
|||
Segment Reporting Information [Line Items] | |||
Gross profit (loss) with other operating segments of same entity | 158 | 1,670 | 114 |
Production Facilities [Member]
|
|||
Segment Reporting Information [Line Items] | |||
Gross profit (loss) with other operating segments of same entity | $ (175) | $ (175) | $ (197) |
X | ||||||||||
- Definition
Gross profit (loss) with other operating segments of same entity. No definition available.
|
X | ||||||||||
- Details
|
Business Segment Information (Revenue By Geographical Region) (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Total net revenues | $ 226,837 | [1] | $ 220,117 | [1] | $ 232,178 | [1] | $ 197,429 | [1] | $ 201,696 | [2] | $ 217,110 | [2] | $ 197,461 | [2] | $ 229,842 | [2] | $ 876,561 | $ 846,109 | $ 702,000 | ||||
United States [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Total net revenues | 345,525 | 281,308 | 316,869 | ||||||||||||||||||||
United Kingdom [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Total net revenues | 403,816 | 345,074 | 275,499 | ||||||||||||||||||||
Other [Member]
|
|||||||||||||||||||||||
Segment Reporting Information [Line Items] | |||||||||||||||||||||||
Total net revenues | $ 127,220 | $ 219,727 | $ 109,632 | ||||||||||||||||||||
|
X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Business Segment Information (Property Plant And Equipment Net Of Depreciation By Geographic Region) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
---|---|---|---|
Segment Reporting Information [Line Items] | |||
Property and equipment, net | $ 1,528,294 | $ 1,485,875 | $ 1,459,669 |
United States [Member]
|
|||
Segment Reporting Information [Line Items] | |||
Property and equipment, net | 1,195,824 | 1,180,586 | 1,163,320 |
United Kingdom [Member]
|
|||
Segment Reporting Information [Line Items] | |||
Property and equipment, net | 332,394 | 304,062 | 281,430 |
Other [Member]
|
|||
Segment Reporting Information [Line Items] | |||
Property and equipment, net | $ 76 | $ 1,227 | $ 14,919 |
X | ||||||||||
- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Allowance Accounts (Schedule Of Allowance Accounts) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
||||||||||||
Allowance for Doubtful Accounts [Member]
|
||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||||||||
Deductions | $ 4,000 | |||||||||||||
Allowance for Doubtful Accounts [Member] | Helix [Member]
|
||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||||||||
Valuation Allowances and Reserves, Balance, Beginning Balance | 5,152 | 4,000 | 4,460 | |||||||||||
Additions | 2,236 | [1] | 1,257 | [2] | 61 | [3] | ||||||||
Deductions | (5,154) | [4] | (105) | (521) | ||||||||||
Valuation Allowances and Reserves, Balance, Ending Balance | 2,234 | 5,152 | 4,000 | |||||||||||
Valuation Allowance of Deferred Tax Assets [Member] | Helix [Member]
|
||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||||||||
Valuation Allowances and Reserves, Balance, Beginning Balance | 16,391 | 14,310 | 8,497 | |||||||||||
Additions | 6,469 | [1] | 2,081 | [2] | 5,813 | [3] | ||||||||
Valuation Allowances and Reserves, Balance, Ending Balance | 22,860 | 16,391 | 14,310 | |||||||||||
WOSEA [Member] | Valuation Allowance of Deferred Tax Assets [Member]
|
||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||||||||
Additions | 6,500 | 2,000 | 4,900 | |||||||||||
Oil And Gas Operations In United Kingdom [Member] | Valuation Allowance of Deferred Tax Assets [Member]
|
||||||||||||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||||||||||||||
Additions | $ 100 | $ 900 | ||||||||||||
|
X | ||||||||||
- Definition
Total of allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of the deductions in a given period to allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs, representing receivables written off as uncollectible and portions of the reserves utilized, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of recoveries of amounts due the Entity that had previously been written off as uncollectible using allowances (the valuation accounts that are netted against the cost of an asset to value it at its carrying value) and total of reestablishments of reserves (liabilities established to represent expected future costs) that had previously been utilized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments And Hedging Activities (Narrative) (Details)
In Millions, unless otherwise specified |
1 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|
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 ($)
|
Feb. 28, 2013
Grand Canyon I I I [Member]
USD ($)
|
Feb. 28, 2013
Grand Canyon I I I [Member]
NOK
|
Feb. 28, 2013
Grand Canyon I I [Member]
USD ($)
|
Feb. 28, 2013
Grand Canyon I I [Member]
NOK
|
Jan. 31, 2013
Grand Canyon [Member]
USD ($)
|
Jan. 31, 2013
Grand Canyon [Member]
NOK
|
|
Derivative [Line Items] | |||||||||
Derivative Cash Settlement | $ 22.5 | $ 0.6 | |||||||
Notional Amount of Derivative | $ 148.1 | $ 98.8 | 595.0 | $ 100.4 | 594.7 | $ 104.6 | 591.3 |
X | ||||||||||
- Definition
The amount of cash paid on settlement of derivative. No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments And Hedging Activities (Derivatives Designated As Hedging Instruments) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
---|---|
Derivatives, Fair Value [Line Items] | |
Asset derivatives designated as hedging instruments | $ 446 |
Liability derivatives designated as hedging instruments | 15,817 |
Interest Rate Swaps [Member]
|
|
Derivatives, Fair Value [Line Items] | |
Liability derivatives designated as hedging instruments | 300 |
Foreign Exchange Contracts [Member]
|
|
Derivatives, Fair Value [Line Items] | |
Liability derivatives designated as hedging instruments | 15,000 |
Other Assets, Net [Member] | Interest Rate Swaps [Member]
|
|
Derivatives, Fair Value [Line Items] | |
Asset derivatives designated as hedging instruments | 446 |
Accrued Liabilities [Member] | Interest Rate Swaps [Member]
|
|
Derivatives, Fair Value [Line Items] | |
Liability derivatives designated as hedging instruments | 746 |
Accrued Liabilities [Member] | Foreign Exchange Contracts [Member]
|
|
Derivatives, Fair Value [Line Items] | |
Liability derivatives designated as hedging instruments | 1,905 |
Other Liabilities [Member] | Foreign Exchange Contracts [Member]
|
|
Derivatives, Fair Value [Line Items] | |
Liability derivatives designated as hedging instruments | $ 13,166 |
X | ||||||||||
- Definition
Aggregate fair value of all derivative assets designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate fair value of all derivative liabilities designated as hedging instruments. Includes instruments designated as cash flow hedges, fair value hedges, and hedges of net investments in foreign operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments And Hedging Activities (Derivatives Not Designated As Hedging Instruments) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Asset derivatives not designated as hedging instruments | $ 69 | $ 5,946 |
Liability derivatives not designated as hedging instruments | 16,298 | |
Foreign Exchange Contracts [Member]
|
||
Asset derivatives not designated as hedging instruments | 100 | |
Interest Rate Swaps [Member]
|
||
Liability derivatives not designated as hedging instruments | 500 | |
Other Current Assets [Member] | Oil Contract [Member]
|
||
Asset derivatives not designated as hedging instruments | 5,800 | |
Other Current Assets [Member] | Foreign Exchange Contracts [Member]
|
||
Asset derivatives not designated as hedging instruments | 69 | 146 |
Accrued Liabilities [Member] | Oil Contract [Member]
|
||
Liability derivatives not designated as hedging instruments | 15,777 | |
Accrued Liabilities [Member] | Interest Rate Swaps [Member]
|
||
Liability derivatives not designated as hedging instruments | 489 | |
Other Liabilities [Member] | Interest Rate Swaps [Member]
|
||
Liability derivatives not designated as hedging instruments | $ 32 |
X | ||||||||||
- Definition
Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as a liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Instruments And Hedging Activities (Impact Of Derivative Instruments On Accumulated Comprehensive Income (Loss)) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | $ (9,991) | $ (12,941) | $ 30,043 |
Foreign Exchange Contracts [Member]
|
|||
Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | (9,796) | ||
Oil And Natural Gas Commodity Contracts [Member]
|
|||
Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | (12,860) | 28,749 | |
Interest Rate Swaps [Member]
|
|||
Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) | $ (195) | $ (81) | $ 1,294 |
X | ||||||||||
- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Instruments And Hedging Activities (Gain (Loss) Reclassified From Accumulated OCI Into Income) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | $ (1,476) | $ 2,661 | $ (23,669) |
Oil And Natural Gas Commodity Contracts [Member] | Income From Discontinued Operations Net Of Tax [Member]
|
|||
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | 3,184 | (21,659) | |
Interest Rate Swaps [Member] | Net Interest Expense [Member]
|
|||
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | (152) | (523) | (2,010) |
Foreign Exchange Contracts [Member] | Cost of Sales [Member]
|
|||
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | $ (1,324) |
X | ||||||||||
- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Instruments And Hedging Activities (Impact Of Non Designated Derivative Instruments On Income Statement) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Gain (Loss) Recognized in Income on Derivatives | $ (14,829) | $ (5,113) | $ 249 |
Foreign Exchange Contracts [Member]
|
|||
Gain (Loss) Recognized in Income on Derivatives | (600) | 400 | 200 |
Foreign Exchange Contracts [Member] | Other Expense [Member]
|
|||
Gain (Loss) Recognized in Income on Derivatives | (630) | 411 | 249 |
Oil And Natural Gas Commodity Contracts [Member] | Income From Discontinued Operations Net Of Tax [Member]
|
|||
Gain (Loss) Recognized in Income on Derivatives | 5,550 | ||
Oil And Natural Gas Commodity Contracts [Member] | Loss On Commodity Derivative Contracts [Member]
|
|||
Gain (Loss) Recognized in Income on Derivatives | (14,113) | (10,507) | |
Interest Rate Swaps [Member] | Other Expense [Member]
|
|||
Gain (Loss) Recognized in Income on Derivatives | $ (86) | $ (567) |
X | ||||||||||
- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Quarterly Financial Information (Summary Of Consolidated Quarterly Financial Information) (Details) (USD $)
|
3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|||||||||||||||||||
Quarterly Financial Information [Line Items] | |||||||||||||||||||||||||||||
Net revenues | $ 226,837,000 | [1] | $ 220,117,000 | [1] | $ 232,178,000 | [1] | $ 197,429,000 | [1] | $ 201,696,000 | [2] | $ 217,110,000 | [2] | $ 197,461,000 | [2] | $ 229,842,000 | [2] | $ 876,561,000 | $ 846,109,000 | $ 702,000,000 | ||||||||||
Gross profit (loss) | 71,164,000 | [3] | 69,457,000 | [3] | 67,497,000 | [3] | 52,567,000 | [3] | (108,925,000) | [4] | 57,919,000 | [4] | 28,438,000 | [4] | 72,483,000 | [4] | 260,685,000 | 49,915,000 | 149,683,000 | ||||||||||
Net income (loss) applicable to Helix: | |||||||||||||||||||||||||||||
Income (loss) from continuing operations | 36,503,000 | 44,549,000 | 27,240,000 | 557,000 | (99,679,000) | 10,362,000 | 2,425,000 | 16,874,000 | 108,849,000 | (70,018,000) | 34,718,000 | ||||||||||||||||||
Income (loss) from discontinued operations | 44,000 | (29,000) | 1,058,000 | (71,888,000) | 4,503,000 | 42,216,000 | 48,853,000 | 1,073,000 | 23,684,000 | 95,221,000 | |||||||||||||||||||
Net income (loss) applicable to Helix | 36,503,000 | 44,593,000 | 27,211,000 | 1,615,000 | (171,567,000) | [5] | 14,865,000 | [5] | 44,641,000 | [5] | 65,727,000 | [5] | 109,922,000 | (46,334,000) | 129,939,000 | ||||||||||||||
Basic earnings (loss) per common share: | |||||||||||||||||||||||||||||
Continuing operations | $ 0.35 | $ 0.42 | $ 0.26 | $ 0.01 | $ (0.95) | $ 0.10 | $ 0.02 | $ 0.16 | $ 1.03 | $ (0.67) | $ 0.33 | ||||||||||||||||||
Discontinued operations | $ 0.01 | $ (0.69) | $ 0.04 | $ 0.40 | $ 0.46 | $ 0.01 | $ 0.23 | $ 0.90 | |||||||||||||||||||||
Net income (loss) per common share | $ 0.35 | $ 0.42 | $ 0.26 | $ 0.02 | $ (1.64) | $ 0.14 | $ 0.42 | $ 0.62 | $ 1.04 | $ (0.44) | $ 1.23 | ||||||||||||||||||
Diluted earnings (loss) per common share: | |||||||||||||||||||||||||||||
Continuing operations | $ 0.35 | $ 0.42 | $ 0.26 | $ 0.01 | $ (0.95) | $ 0.10 | $ 0.02 | $ 0.16 | $ 1.03 | $ (0.67) | $ 0.33 | ||||||||||||||||||
Discontinued operations | $ 0.01 | $ (0.69) | $ 0.04 | $ 0.40 | $ 0.46 | $ 0.01 | $ 0.23 | $ 0.90 | |||||||||||||||||||||
Net income (loss) per common share | $ 0.35 | $ 0.42 | $ 0.26 | $ 0.02 | $ (1.64) | $ 0.14 | $ 0.42 | $ 0.62 | $ 1.04 | $ (0.44) | $ 1.23 | ||||||||||||||||||
Impairment of Long-Lived Assets Held-for-use | 158,000,000 | 4,600,000 | 14,600,000 | 177,135,000 | 6,564,000 | ||||||||||||||||||||||||
Impairment of Oil and Gas Properties | 138,600,000 | ||||||||||||||||||||||||||||
Discontinued Operations [Member]
|
|||||||||||||||||||||||||||||
Quarterly Financial Information [Line Items] | |||||||||||||||||||||||||||||
Net revenues | 48,800,000 | 110,100,000 | 119,100,000 | 149,900,000 | 178,100,000 | ||||||||||||||||||||||||
Gross profit (loss) | 28,200,000 | (102,600,000) | 27,800,000 | 64,800,000 | 89,200,000 | ||||||||||||||||||||||||
Diluted earnings (loss) per common share: | |||||||||||||||||||||||||||||
Impairment of Oil and Gas Properties | $ 138,600,000 | ||||||||||||||||||||||||||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|