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. We operate in a number of international areas which exposes us to foreign currency exchange rate risk. We do not currently hold or  issue forward exchange contracts or other derivative instruments for hedging or speculative purposes (a foreign exchange contract  is an agreement to exchange different currencies at a given date and at a specified rate). Foreign exchange gains and losses are  the result of fluctuations in the USD against foreign currencies and are included in other (income) expense, net in the Consolidated  Statements of Operations. We recognized foreign exchange losses in countries where the USD weakened against the local currency and  we had net monetary liabilities denominated in the local currency; as well as countries where the USD strengthened against the local  currency and we had net monetary assets denominated in the local currency. We recognized foreign exchange gains in countries where  the USD strengthened against the local currency and we had net monetary liabilities denominated in the local currency and in coun- tries where the USD weakened against the local currency and we had net monetary assets denominated in the local currency. Foreign  exchange gains and losses are summarized in the following table (in thousands): Foreign Currency Risk For the Years Ended December 31, (Gains) losses by currency 2013 2012 2011 Argentine Peso $ 356 $ 147 $ 113 Australian Dollar 432 30 81 British Pound (49) (41) 163 Canadian Dollar 1,456 (415) 423 Euro 848 (62) 257 Indonesian Rupiah 364 145 64 Malaysian Ringgit 421 70 187 Other currencies, net 511 268 512 Total loss $ 4,339 $ 142 $ 1,800 15. SEGMENT REPORTING We operate our business in three reportable segments: (1) Reservoir Description, (2) Production Enhancement and (3) Reservoir  Management. These business segments provide different services and products and utilize different technologies. •  Reservoir Description: Encompasses the characterization of petroleum reservoir rock, fluid and gas samples. We provide analytical  and field services to characterize properties of crude oil and petroleum products to the oil and gas industry. •  Production Enhancement: Includes services and products relating to reservoir well completions, perforations, stimulations and  production. We provide integrated services to evaluate the effectiveness of well completions and to develop solutions aimed at  increasing the effectiveness of enhanced oil recovery projects. •  Reservoir Management: Combines and integrates information from reservoir description and production enhancement services to increase production and improve recovery of oil and gas from our clients’ reservoirs. 59