Reportable Segments - Results of Operations by Reportable Segment (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Revenues: | ||
Revenues | $ 204,076us-gaap_Revenues | $ 229,225us-gaap_Revenues |
Operating gross margin: | ||
Total operating gross margin | 24,267us-gaap_GrossProfit | 28,863us-gaap_GrossProfit |
General and administration expense | (10,837)us-gaap_GeneralAndAdministrativeExpense | (8,964)us-gaap_GeneralAndAdministrativeExpense |
Gain (loss) on disposition of assets, net | 2,441us-gaap_GainLossOnDispositionOfAssets | (129)us-gaap_GainLossOnDispositionOfAssets |
Total operating income | 15,871us-gaap_OperatingIncomeLoss | 19,770us-gaap_OperatingIncomeLoss |
Interest expense | (11,078)us-gaap_InterestExpense | (12,039)us-gaap_InterestExpense |
Interest income | 183us-gaap_InvestmentIncomeInterest | 32us-gaap_InvestmentIncomeInterest |
Loss on extinguishment of debt | 0us-gaap_GainsLossesOnExtinguishmentOfDebt | (29,673)us-gaap_GainsLossesOnExtinguishmentOfDebt |
Other | (1,380)us-gaap_OtherNonoperatingIncomeExpense | 895us-gaap_OtherNonoperatingIncomeExpense |
Income (loss) before income taxes | 3,596us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (21,015)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
Rental Tools [Member] | ||
Revenues: | ||
Revenues |
76,058us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = pkd_RentalToolsMember |
80,506us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = pkd_RentalToolsMember |
Operating gross margin: | ||
Total operating gross margin |
12,630us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = pkd_RentalToolsMember |
13,345us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = pkd_RentalToolsMember |
U.S. (Lower 48) Drilling [Member] | ||
Revenues: | ||
Revenues |
14,097us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = pkd_U.S.Lower48DrillingMember |
35,787us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = pkd_U.S.Lower48DrillingMember |
Operating gross margin: | ||
Total operating gross margin |
(5,717)us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = pkd_U.S.Lower48DrillingMember |
8,742us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = pkd_U.S.Lower48DrillingMember |
International & Alaska Drilling [Member] | ||
Revenues: | ||
Revenues |
113,921us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = pkd_InternationalAlaskaDrillingMember |
112,932us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = pkd_InternationalAlaskaDrillingMember |
Operating gross margin: | ||
Total operating gross margin |
$ 17,354us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = pkd_InternationalAlaskaDrillingMember |
$ 6,776us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = pkd_InternationalAlaskaDrillingMember |
Exxon Neftegas Limited [Member] | ||
Segment Reporting Information [Line Items] | ||
Percentage of revenue from major customer |
22.90%us-gaap_ConcentrationRiskPercentage1 / us-gaap_MajorCustomersAxis = pkd_ExxonNeftegasLimitedMember |
17.10%us-gaap_ConcentrationRiskPercentage1 / us-gaap_MajorCustomersAxis = pkd_ExxonNeftegasLimitedMember |
Exxon Neftegas Limited [Member] | International & Alaska Drilling [Member] | ||
Segment Reporting Information [Line Items] | ||
Percentage of revenue from major customer |
41.00%us-gaap_ConcentrationRiskPercentage1 / us-gaap_MajorCustomersAxis = pkd_ExxonNeftegasLimitedMember / us-gaap_StatementBusinessSegmentsAxis = pkd_InternationalAlaskaDrillingMember |
39.60%us-gaap_ConcentrationRiskPercentage1 / us-gaap_MajorCustomersAxis = pkd_ExxonNeftegasLimitedMember / us-gaap_StatementBusinessSegmentsAxis = pkd_InternationalAlaskaDrillingMember |
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For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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