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## Depreciation and Amortization Expense 

Depreciation and amortization expense of $25.5 million increased by $2.6 million in 2013 compared to 2012, after decreasing by $0.4 million in 2012 compared to 2011. The increase during 2013 is a result of growth in our client-directed capex program resulting from continued improvement in industry activity, particularly internationally and in the deepwater environment. 

## Other Income, Net 

The components of other income, net, were as follows (in thousands): 

<img src='content_image/136524.jpg'>

We incurred property losses during Hurricane Isaac in 2012. During 2013, our insurance claim for property losses and business interruption was fully settled for a gain of $1.6 million. 

During 2012, we incurred legal, accounting and other fees in connection with the realignment of certain of our legal entities into a more cost effective structure and the listing of our shares on the NYSE Euronext Amsterdam. 

As a result of a supply disruption in 2011 from a key vendor that provided certain high performance specialty steel tubulars used with the Company’s perforating systems, we filed a claim under our business interruption insurance policy which was fully settled during 2012 for $4.4 million. 

As a result of reaching a settlement on a property damage claim we filed in 2010, we recorded an insurance recovery gain of $1.0 million in 2011. 

Foreign exchange gains and losses are summarized in the following table (in thousands): 

<img src='content_image/136525.jpg'>

