the award at the date of the grant and is recognized in the Consolidated Statement of Operations for those awards earned over the  requisite service period of the award. The fair value is determined by calculating the discounted value of the shares over the vesting  period and applying an estimated forfeiture rate. Off-Balance Sheet Arrangements Other than normal operating leases, we do not have any off-balance sheet financing arrangements such as securitization agreements,  liquidity trust vehicles, synthetic leases or special purpose entities. As such, we are not materially exposed to any financing, liquidity,  market or credit risk that could arise if we had engaged in such financing arrangements. Forward-Looking Statements This Form 10-K and the documents incorporated in this Form 10-K by reference contain forward-looking statements within the  meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. These “forward-looking statements” are  based on an analysis of currently available competitive, financial and economic data and our operating plans. They are inherently  uncertain and investors should recognize that events and actual results could turn out to be significantly different from our expec- tations. By way of illustration, when used in this document, words such as “anticipate”, “believe”, “expect”, “intend”, “estimate”,  “project”, “will”, “should”, “could”, “may”, “predict” and similar expressions are intended to identify forward-looking statements.  You are cautioned that actual results could differ materially from those anticipated in forward-looking statements. Any forward-looking  statements, including statements regarding the intent, belief or current expectations of us or our management, are not guarantees of  future performance and involve risks, uncertainties and assumptions about us and the industry in which we operate, including, among  other things: • our ability to continue to develop or acquire new and useful technology; • the realization of anticipated synergies from acquired businesses and future acquisitions; • our dependence on one industry, oil and gas, and the impact of commodity prices on the expenditure levels of our clients;  • competition in the markets we serve; • the risks and uncertainties attendant to adverse industry, political, economic and financial market conditions, including stock  prices, government regulations, interest rates and credit availability; • unsettled political conditions, war, civil unrest, currency controls and governmental actions in the numerous countries in which we operate; • changes in the price of oil and natural gas; • integration of acquired businesses; and  • the effects of industry consolidation. Our businesses depend, to a large degree, on the level of spending by oil and gas companies for exploration, development and produc- tion activities. Therefore, a sustained increase or decrease in the price of natural gas or oil, which could have a material impact on explo- ration, development and production activities, could also materially affect our financial position, results of operations and cash flows. The above description of risks and uncertainties is by no means all-inclusive, but is designed to highlight what we believe are import- ant factors to consider. For a more detailed description of risk factors, please see “Item 1A. Risk Factors” in this Form 10-K and our  reports and registration statements filed from time to time with the SEC. All forward-looking statements in this Form 10-K are based on information available to us on the date of this Form 10-K. We do not  intend to update or revise any forward-looking statements that we may make in this Form 10-K or other documents, reports, filings or  press releases, whether as a result of new information, future events or otherwise, unless required by law. 28