Long-Term Debt - Additional Information (Detail) (USD $)
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0 Months Ended |
3 Months Ended |
0 Months Ended |
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Jan. 22, 2014
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Mar. 31, 2015
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Mar. 31, 2014
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Apr. 03, 2014
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Jan. 07, 2014
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Jul. 30, 2013
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Dec. 31, 2014
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Jan. 26, 2015
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Dec. 14, 2012
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Apr. 02, 2014
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Mar. 22, 2010
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Apr. 18, 2013
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Debt Instrument [Line Items] |
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Debt issuance costs |
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$ 2,200,000us-gaap_DebtIssuanceCosts
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Payments of Debt Issuance Costs |
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1,359,000us-gaap_PaymentsOfDebtIssuanceCosts
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7,273,000us-gaap_PaymentsOfDebtIssuanceCosts
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Payments of debt extinguishment costs |
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0us-gaap_PaymentsOfDebtExtinguishmentCosts
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25,796,000us-gaap_PaymentsOfDebtExtinguishmentCosts
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Repayments of long term debt |
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418,699,000us-gaap_RepaymentsOfLongTermDebt
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Unsolicited Tender Offer Costs |
25,800,000us-gaap_UnsolicitedTenderOfferCosts
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Interest Expense |
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11,078,000us-gaap_InterestExpense
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12,039,000us-gaap_InterestExpense
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Loss on extinguishment of debt |
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0us-gaap_GainsLossesOnExtinguishmentOfDebt
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(29,673,000)us-gaap_GainsLossesOnExtinguishmentOfDebt
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Long-term Debt |
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585,000,000us-gaap_LongTermDebt
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615,000,000us-gaap_LongTermDebt
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2015 Secured Credit Agreement [Member] |
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Debt Instrument [Line Items] |
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Deferred acquisition costs |
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2,200,000us-gaap_DeferredFinanceCostsNet / us-gaap_CreditFacilityAxis = pkd_A2015SecuredCreditAgreementMember
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Debt issuance costs |
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1,400,000us-gaap_DebtIssuanceCosts / us-gaap_CreditFacilityAxis = pkd_A2015SecuredCreditAgreementMember
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Senior secured credit facility |
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200,000,000us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity / us-gaap_CreditFacilityAxis = pkd_A2015SecuredCreditAgreementMember
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Variation in applicable rate for LIBOR Rate Loan |
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2.50%pkd_LineOfCreditFacilityBasisSpreadOnLenderDefinedOfferedRateMinimum / us-gaap_CreditFacilityAxis = pkd_A2015SecuredCreditAgreementMember
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Variation in applicable rate for LIBOR Rate Loan |
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3.00%pkd_LineOfCreditFacilityBasisSpreadOnLenderDefinedOfferedRateMaximum / us-gaap_CreditFacilityAxis = pkd_A2015SecuredCreditAgreementMember
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Variation in applicable rate for Base Rate Loan |
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1.50%pkd_LineOfCreditFacilityBasisSpreadOnBaseRateMinimum / us-gaap_CreditFacilityAxis = pkd_A2015SecuredCreditAgreementMember
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Variation in applicable rate for Base Rate Loan |
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2.00%pkd_LineOfCreditFacilityBasisSpreadOnBaseRateMaximum / us-gaap_CreditFacilityAxis = pkd_A2015SecuredCreditAgreementMember
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Revolving Credit Facility [Member] |
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Debt Instrument [Line Items] |
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Variation in applicable rate for LIBOR Rate Loan |
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2.50%pkd_LineOfCreditFacilityBasisSpreadOnLenderDefinedOfferedRateMinimum / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember
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Variation in applicable rate for LIBOR Rate Loan |
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3.00%pkd_LineOfCreditFacilityBasisSpreadOnLenderDefinedOfferedRateMaximum / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember
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Variation in applicable rate for Base Rate Loan |
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1.50%pkd_LineOfCreditFacilityBasisSpreadOnBaseRateMinimum / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember
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Variation in applicable rate for Base Rate Loan |
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2.00%pkd_LineOfCreditFacilityBasisSpreadOnBaseRateMaximum / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember
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Revolving loan outstanding |
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0us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember
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Letters of credit outstanding |
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11,800,000pkd_LettersOfCreditAmountOutstanding / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember
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11,000,000pkd_LettersOfCreditAmountOutstanding / us-gaap_CreditFacilityAxis = us-gaap_RevolvingCreditFacilityMember
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2012 Secured Credit Agreement [Member] |
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Debt Instrument [Line Items] |
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Debt issuance costs |
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800,000us-gaap_DebtIssuanceCosts / us-gaap_CreditFacilityAxis = pkd_A2012SecuredCreditAgreementMember
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Senior secured credit facility |
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80,000,000us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity / us-gaap_CreditFacilityAxis = pkd_A2012SecuredCreditAgreementMember
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Maturity of credit facility |
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Dec. 14, 2017
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6.75% Senior Notes, due July 2022 [Member] |
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Debt Instrument [Line Items] |
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Aggregate principal amount |
360,000,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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Percentage of notes guaranteed by restricted subsidiaries |
6.75%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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Redemption amount percentage of principal |
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35.00%pkd_DebtInstrumentRedemptionAmountPercentageofPrincipal / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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Debt instrument, Redemption Price Percent |
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106.75%pkd_DebtinstrumentRedemptionPricePercent / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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Redemption price after year three |
103.375%pkd_DebtInstrumentRedemptionPriceAfterYearThree / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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Redemption price afer year five |
101.00%pkd_DebtInstrumentRedemptionPriceAfterYearFive / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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Debt issuance costs |
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7,600,000us-gaap_DebtIssuanceCosts / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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Debt issuance cost, Net of amortization |
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6,800,000pkd_DebtIssuanceCostNetOfAmortization / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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Long-term Debt |
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360,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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360,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_A6.75SeniorNotesMember
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9.125% Senior Notes, due April 2018 [Member] |
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Debt Instrument [Line Items] |
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Aggregate principal amount |
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1,000us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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300,000,000.0us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Percentage of notes guaranteed by restricted subsidiaries |
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9.125%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Tender Offer Price for Each 1000 Principal Amount |
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1,061.98pkd_TenderOfferPriceforEach1000PrincipalAmount / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Redemption price |
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9,600,000pkd_DebtInstrumentRedemptionPrice / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Tender Offer Price per Note, Consent Payment |
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30.00pkd_TenderOfferPriceperNoteConsentPayment / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Payments of Debt Issuance Costs |
453,700,000us-gaap_PaymentsOfDebtIssuanceCosts / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Repayments of long term debt |
416,200,000us-gaap_RepaymentsOfLongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Debt Instrument Accrued Interest |
11,700,000pkd_DebtInstrumentAccruedInterest / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Senior Notes |
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8,800,000us-gaap_SeniorNotes / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Redemption Premium |
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400,000us-gaap_RedemptionPremium / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Write off of Deferred Debt Issuance Cost |
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7,700,000us-gaap_WriteOffOfDeferredDebtIssuanceCost / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Amortization of Debt Discount (Premium) |
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(3,800,000)us-gaap_AmortizationOfDebtDiscountPremium / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Interest Expense |
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400,000us-gaap_InterestExpense / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Loss on extinguishment of debt |
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30,200,000us-gaap_GainsLossesOnExtinguishmentOfDebt / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesMember
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Goldman Term Loan [Member] |
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Debt Instrument [Line Items] |
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Increase in the amount of term loan or revolving credit facility |
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45,000,000pkd_LineOfCreditFacilityIncreaseAdditionalBorrowingCapacity / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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Line Of Credit Facility Quarterly Decrease in Borrowing Capacity |
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3,000,000pkd_LineOfCreditFacilityQuarterlyDecreaseinBorrowingCapacity / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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Revolving loan outstanding |
40,000,000us-gaap_LineOfCredit / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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Long-term Debt |
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30,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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50,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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Line of Credit, Current |
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30,000,000us-gaap_LinesOfCreditCurrent / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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Principal payments |
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2,500,000pkd_PrincipalPayments / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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Base rate plus |
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2.00%pkd_LineOfCreditFacilityBasisSpreadOnLenderDefinedOfferedRate / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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LIBOR plus |
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3.00%pkd_LineOfCreditFacilityBasisSpreadOnBaseRate / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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7.50% Senior Notes, due August 2020 [Member] |
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Debt Instrument [Line Items] |
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Aggregate principal amount |
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225,000,000.0us-gaap_DebtInstrumentFaceAmount / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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Percentage of notes guaranteed by restricted subsidiaries |
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7.50%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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Deferred acquisition costs |
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4,500,000us-gaap_DeferredFinanceCostsNet / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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5,600,000us-gaap_DeferredFinanceCostsNet / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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Redemption amount percentage of principal |
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35.00%pkd_DebtInstrumentRedemptionAmountPercentageofPrincipal / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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Debt instrument, Redemption Price Percent |
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107.50%pkd_DebtinstrumentRedemptionPricePercent / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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Redemption price after year three |
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103.75%pkd_DebtInstrumentRedemptionPriceAfterYearThree / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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Redemption price afer year five |
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101.00%pkd_DebtInstrumentRedemptionPriceAfterYearFive / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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Long-term Debt |
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225,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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225,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_A7.50SeniorNotesMember
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Term Note Due December 2017 [Member] |
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Debt Instrument [Line Items] |
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Long-term Debt |
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0us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_TermNoteDueDecemberTwentySeventeenMember
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30,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_TermNoteDueDecemberTwentySeventeenMember
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Secured Debt [Member] | Goldman Term Loan [Member] |
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Debt Instrument [Line Items] |
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Aggregate principal amount |
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$ 125,000,000us-gaap_DebtInstrumentFaceAmount / us-gaap_DebtInstrumentAxis = us-gaap_SecuredDebtMember / us-gaap_LongtermDebtTypeAxis = pkd_TermLoanMember
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