Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data

v2.4.1.9
Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
Selected Quarterly Financial Data
 
Quarter
Year 2014
First
 
Second
 
Third
 
Fourth
 
Total
 
(Dollars in Thousands Except Per Share Amounts)
 
(Unaudited)
Revenues
$
229,225

 
$
254,234

 
$
242,012

 
$
243,213

 
$
968,684

Operating gross margin
$
28,863

 
$
43,485

 
$
45,066

 
$
36,768

 
$
154,182

Operating income
$
19,770

 
$
37,497

 
$
35,239

 
$
27,714

 
$
120,220

Net income (loss) attributable to controlling interest
$
(12,549
)
 
$
15,681

 
$
12,566

 
$
7,753

 
$
23,451

Basic earnings per share — net income (loss)
$
(0.10
)
 
$
0.13

 
$
0.10

 
$
0.06

 
$
0.19

Diluted earnings per share — net income (loss)
$
(0.10
)
 
$
0.13

 
$
0.10

 
$
0.06

 
$
0.19

 
Quarter
Year 2013
First
 
Second
 
Third
 
Fourth
 
Total
 
(Dollars in Thousands Except Per Share Amounts)
 
(Unaudited)
Revenues
$
167,135

 
$
225,954

 
$
237,762

 
$
243,321

 
$
874,172

Operating gross margin (1)
$
20,877

 
$
50,273

 
$
48,733

 
$
48,564

 
$
168,447

Operating income
$
9,180

 
$
28,587

 
$
35,589

 
$
28,516

 
$
101,872

Net income attributable to controlling interest
$
592

 
$
8,281

 
$
7,970

 
$
10,172

 
$
27,015

Basic earnings per share — net income
$

 
$
0.07

 
$
0.07

 
$
0.08

 
$
0.23

Diluted earnings per share — net income
$

 
$
0.07

 
$
0.07

 
$
0.08

 
$
0.22

1)
Expenses related to our U.S. barge 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.