Long-Term Debt - Term Loan (Details) (USD $)
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12 Months Ended | |||||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Jan. 31, 2014
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Dec. 14, 2012
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Jan. 22, 2014
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Debt Instrument [Line Items] | ||||||
Long-term Debt | $ 615,000,000us-gaap_LongTermDebt | $ 653,781,000us-gaap_LongTermDebt | ||||
Repayments of long-term debt | 425,000,000us-gaap_RepaymentsOfLongTermDebt | 125,000,000us-gaap_RepaymentsOfLongTermDebt | 0us-gaap_RepaymentsOfLongTermDebt | |||
Term Loan [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Principal payments |
2,500,000pkd_PrincipalPayments / us-gaap_LongtermDebtTypeAxis = us-gaap_MediumTermNotesMember |
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Long-term Debt |
30,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = us-gaap_MediumTermNotesMember |
0us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = us-gaap_MediumTermNotesMember |
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9.125% Senior Notes, due April 2018 (Issued April 25, 2012) [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term Debt |
0us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesdueApril20181Member |
428,781,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_A9.125SeniorNotesdueApril20181Member |
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Term Note Due December Twenty Seventeen [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Long-term Debt |
0us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_TermNoteDueDecemberTwentySeventeenMember |
40,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_TermNoteDueDecemberTwentySeventeenMember |
50,000,000us-gaap_LongTermDebt / us-gaap_LongtermDebtTypeAxis = pkd_TermNoteDueDecemberTwentySeventeenMember |
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Secured Debt [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Base rate plus |
2.00%pkd_LineOfCreditFacilityBasisSpreadOnLenderDefinedOfferedRate / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember |
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LIBOR plus |
3.00%pkd_LineOfCreditFacilityBasisSpreadOnBaseRate / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember |
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Revolving loan outstanding |
$ 40,000,000us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember |
$ 40,000,000us-gaap_LineOfCredit / us-gaap_CreditFacilityAxis = us-gaap_SecuredDebtMember |
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- Definition
Line of credit facility basis spread on base rate. No definition available.
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- Definition
Line of credit facility basis spread on lender defined offered rate No definition available.
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- Definition
Principal Payments No definition available.
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- Details
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- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. 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, 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
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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