System panics due to watchdog detecting a hard lockup

Issue

System panics due to a detected hard lockup:

Kernel panic - not syncing: Watchdog detected hard LOCKUP on cpu 3
Pid: 12918, comm: PatrolAgent Tainted: P           ---------------    2.6.32-431.11.2.el6.x86_64 #1
Call Trace:
 <NMI>  [<ffffffff81527823>] ? panic+0xa7/0x16f
 [<ffffffff810153a3>] ? native_sched_clock+0x13/0x80
 [<ffffffff810e696d>] ? watchdog_overflow_callback+0xcd/0xd0
 [<ffffffff8111c847>] ? __perf_event_overflow+0xa7/0x240
 [<ffffffff8101d93d>] ? x86_perf_event_set_period+0xdd/0x170
 [<ffffffff8111ce14>] ? perf_event_overflow+0x14/0x20
 [<ffffffff81022d87>] ? intel_pmu_handle_irq+0x187/0x2f0
 [<ffffffff8152d506>] ? kprobe_exceptions_notify+0x16/0x430
 [<ffffffff8152c079>] ? perf_event_nmi_handler+0x39/0xb0
 [<ffffffff8152db35>] ? notifier_call_chain+0x55/0x80
 [<ffffffff8152db9a>] ? atomic_notifier_call_chain+0x1a/0x20
 [<ffffffff810a153e>] ? notify_die+0x2e/0x30
 [<ffffffff8152b7fb>] ? do_nmi+0x1bb/0x340
 [<ffffffff8152b0c0>] ? nmi+0x20/0x30
 [<ffffffff8152a855>] ? _spin_lock_irq+0x25/0x40
 <<EOE>>  [<ffffffff8134ae76>] ? tty_audit_fork+0x36/0x90
 [<ffffffff81070a4c>] ? copy_process+0x112c/0x1450
 [<ffffffff8116fe12>] ? kmem_cache_alloc+0x182/0x190
 [<ffffffff81070e11>] ? do_fork+0xa1/0x480
 [<ffffffff811a82e2>] ? alloc_fd+0x92/0x160
 [<ffffffff81185bb7>] ? fd_install+0x47/0x90
 [<ffffffff81193915>] ? do_pipe_flags+0xd5/0x140
 [<ffffffff81009598>] ? sys_clone+0x28/0x30
 [<ffffffff8100b393>] ? stub_clone+0x13/0x20
 [<ffffffff8100b072>] ? system_call_fastpath+0x16/0x1b