| Schedule of Selected Quarterly Financial Data |
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Quarter |
Year 2014 |
First |
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Second |
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Third |
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Fourth |
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Total |
|
(Dollars in Thousands Except Per Share Amounts) |
|
(Unaudited) |
Revenues |
$ |
229,225 |
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|
$ |
254,234 |
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|
$ |
242,012 |
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|
$ |
243,213 |
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|
$ |
968,684 |
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Operating gross margin |
$ |
28,863 |
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$ |
43,485 |
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$ |
45,066 |
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$ |
36,768 |
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$ |
154,182 |
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Operating income |
$ |
19,770 |
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$ |
37,497 |
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$ |
35,239 |
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$ |
27,714 |
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$ |
120,220 |
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Net income (loss) attributable to controlling interest |
$ |
(12,549 |
) |
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$ |
15,681 |
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$ |
12,566 |
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$ |
7,753 |
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$ |
23,451 |
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Basic earnings per share — net income (loss) |
$ |
(0.10 |
) |
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$ |
0.13 |
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$ |
0.10 |
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$ |
0.06 |
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$ |
0.19 |
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Diluted earnings per share — net income (loss) |
$ |
(0.10 |
) |
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$ |
0.13 |
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$ |
0.10 |
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$ |
0.06 |
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$ |
0.19 |
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Quarter |
Year 2013 |
First |
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Second |
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Third |
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Fourth |
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Total |
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(Dollars in Thousands Except Per Share Amounts) |
|
(Unaudited) |
Revenues |
$ |
167,135 |
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|
$ |
225,954 |
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|
$ |
237,762 |
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$ |
243,321 |
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$ |
874,172 |
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Operating gross margin (1)
|
$ |
20,877 |
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$ |
50,273 |
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$ |
48,733 |
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$ |
48,564 |
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$ |
168,447 |
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Operating income |
$ |
9,180 |
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$ |
28,587 |
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$ |
35,589 |
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$ |
28,516 |
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$ |
101,872 |
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Net income attributable to controlling interest |
$ |
592 |
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$ |
8,281 |
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$ |
7,970 |
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$ |
10,172 |
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$ |
27,015 |
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Basic earnings per share — net income |
$ |
— |
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$ |
0.07 |
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$ |
0.07 |
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$ |
0.08 |
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$ |
0.23 |
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Diluted earnings per share — net income |
$ |
— |
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$ |
0.07 |
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$ |
0.07 |
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$ |
0.08 |
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$ |
0.22 |
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1) |
Expenses related to our U.S. (Lower 48) Drilling segment were found to be incorrectly included in our general and administrative expense during the first through third quarters of 2013. These expenses have been appropriately reclassified to be included as part of the segment operating expenses, therefore our operating gross margin for each of the first three quarters of 2013 will not agree to the respective 10-Q reports for 2013 only. |
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