CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Revenues: |
|
|
|
| Total revenues |
$ 1,029,253
|
$ 1,790,485
|
$ 2,101,663
|
| Costs and expenses: |
|
|
|
| Selling, general and administrative |
165,985
|
220,396
|
263,170
|
| Depreciation and amortization |
137,974
|
154,801
|
170,088
|
| Long-lived asset impairment (Note 12) |
15,146
|
20,788
|
3,851
|
| Restatement charges (Note 13) |
18,879
|
0
|
0
|
| Restructuring and other charges (Note 14) |
27,457
|
31,315
|
0
|
| Interest expense |
34,181
|
7,272
|
1,878
|
| Equity in income of non-consolidated affiliates (Note 8) |
(10,403)
|
(15,152)
|
(14,553)
|
| Other (income) expense, net |
(13,088)
|
35,438
|
6,201
|
| Total costs and expenses |
1,098,859
|
1,779,065
|
1,974,512
|
| Income (loss) before income taxes |
(69,606)
|
11,420
|
127,151
|
| Provision for income taxes (Note 15) |
124,760
|
39,546
|
79,042
|
| Income (loss) from continuing operations |
(194,366)
|
(28,126)
|
48,109
|
| Income (loss) from discontinued operations, net of tax (Note 3) |
(33,571)
|
54,774
|
67,183
|
| Net income (loss) |
$ (227,937)
|
$ 26,648
|
$ 115,292
|
| Basic net income (loss) per common share (Note 19): |
|
|
|
| Income (loss) from continuing operations per common share (in dollars per share) |
$ (5.62)
|
$ (0.82)
|
$ 1.40
|
| Income (loss) from discontinued operations per common share (in dollars per share) |
(0.97)
|
1.60
|
1.96
|
| Net income (loss) per common share (in dollars per share) |
(6.59)
|
0.78
|
3.36
|
| Diluted net income (loss) per common share (Note 19): |
|
|
|
| Income (loss) from continuing operations per common share (in dollars per share) |
(5.62)
|
(0.82)
|
1.40
|
| Income (loss) from discontinued operations per common share (in dollars per share) |
(0.97)
|
1.60
|
1.96
|
| Net income (loss) per common share (in dollars per share) |
$ (6.59)
|
$ 0.78
|
$ 3.36
|
| Weighted average common shares outstanding used in net income (loss) per common share (Note 19): |
|
|
|
| Basic (in shares) |
34,568
|
34,288
|
34,286
|
| Diluted (in shares) |
34,568
|
34,288
|
34,286
|
| Contract operations |
|
|
|
| Revenues: |
|
|
|
| Total revenues |
$ 392,463
|
$ 469,900
|
$ 493,853
|
| Costs and expenses: |
|
|
|
| Cost of sales (excluding depreciation and amortization expense) |
143,670
|
172,391
|
185,408
|
| Aftermarket services |
|
|
|
| Revenues: |
|
|
|
| Total revenues |
120,550
|
127,802
|
162,724
|
| Costs and expenses: |
|
|
|
| Cost of sales (excluding depreciation and amortization expense) |
87,342
|
91,233
|
120,181
|
| Oil and gas product sales |
|
|
|
| Costs and expenses: |
|
|
|
| Cost of sales (excluding depreciation and amortization expense) |
365,394
|
925,737
|
1,089,418
|
| Oil and gas product sales | Affiliates |
|
|
|
| Revenues: |
|
|
|
| Total revenues |
0
|
154,267
|
232,969
|
| Oil and gas product sales | Third parties |
|
|
|
| Revenues: |
|
|
|
| Total revenues |
392,384
|
935,295
|
1,096,638
|
| Belleli EPC product sales |
|
|
|
| Revenues: |
|
|
|
| Total revenues |
123,856
|
103,221
|
115,479
|
| Costs and expenses: |
|
|
|
| Cost of sales (excluding depreciation and amortization expense) |
$ 126,322
|
$ 134,846
|
$ 148,870
|