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Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 6,291 $ 86,197
Receivables:    
Trade, net of allowance for doubtful accounts 129,496 106,084
Unbilled receivables 35,976 31,512
Insurance recoveries 6,302 5,470
Income taxes 1,761 2,168
Deferred income taxes 16,109 15,433
Inventory 12,177 11,184
Prepaid expenses and other current assets 10,019 11,564
Total current assets 218,131 269,612
Property and equipment, at cost 1,631,847 1,336,926
Less accumulated depreciation 649,123 542,970
Net property and equipment 982,724 793,956
Intangible assets, net of accumulated amortization of $22,174 and $17,397 as of September 30, 2012 and December 31, 2011, respectively 46,020 52,680
Goodwill 41,683 41,683
Noncurrent deferred income taxes 373 735
Other long-term assets 14,253 14,088
Total assets 1,303,184 1,172,754
Current liabilities:    
Accounts payable 84,919 66,440
Current portion of long-term debt 872 872
Prepaid drilling contracts 2,880 3,966
Accrued expenses:    
Payroll and related employee costs 27,464 29,057
Insurance premiums and deductibles 10,418 10,583
Insurance claims and settlements 6,302 5,470
Interest 1,842 12,283
Other 12,935 11,009
Total current liabilities 147,632 139,680
Long-term debt, less current portion 498,502 418,728
Noncurrent deferred income taxes 107,727 94,745
Other long-term liabilities 6,988 9,156
Total liabilities 760,849 662,309
Commitments and contingencies (Note 8)      
Shareholders' equity:    
Preferred stock, 10,000,000 shares authorized; none issued and outstanding 0 0
Common stock $.10 par value; 100,000,000 shares authorized; 62,028,941 shares and 61,782,180 shares outstanding at September 30, 2012 and December 31, 2011, respectively 6,216 6,188
Additional paid-in capital 447,767 442,020
Treasury stock, at cost; 134,188 shares and 95,409 shares at September 30, 2012 and December 31, 2011, respectively (1,261) (904)
Accumulated earnings 89,613 63,141
Total shareholders' equity 542,335 510,445
Total liabilities and shareholders' equity $ 1,303,184 $ 1,172,754