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Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 21,401 $ 86,197
Receivables:    
Trade, net of allowance for doubtful accounts 117,274 106,084
Unbilled receivables 39,759 31,512
Insurance recoveries 6,464 5,470
Income taxes 146 2,168
Deferred income taxes 16,259 15,433
Inventory 12,220 11,184
Prepaid expenses and other current assets 12,207 11,564
Total current assets 225,730 269,612
Property and equipment, at cost 1,443,614 1,336,926
Less accumulated depreciation 575,126 542,970
Net property and equipment 868,488 793,956
Intangible assets, net of amortization 50,503 52,680
Goodwill 41,683 41,683
Noncurrent deferred income taxes 0 735
Other long-term assets 12,680 14,088
Total assets 1,199,084 1,172,754
Current liabilities:    
Accounts payable 85,117 66,440
Current portion of long-term debt 873 872
Prepaid drilling contracts 4,733 3,966
Accrued expenses:    
Payroll and related employee costs 23,260 29,057
Insurance premiums and deductibles 10,547 10,583
Insurance claims and settlements 6,464 5,470
Interest 1,789 12,283
Other 11,405 11,009
Total current liabilities 144,188 139,680
Long-term debt, less current portion 418,279 418,728
Noncurrent deferred income taxes 100,701 94,745
Other long-term liabilities 9,375 9,156
Total liabilities 672,543 662,309
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; 61,880,310 shares and 61,782,180 shares outstanding at March 31, 2012 and December 31, 2011, respectively 6,201 6,188
Additional paid-in capital 444,224 442,020
Treasury stock, at cost; 126,036 shares and 95,409 shares at March 31, 2012 and December 31, 2011, respectively (1,197) (904)
Accumulated earnings 77,313 63,141
Total shareholders' equity 526,541 510,445
Total liabilities and shareholders' equity $ 1,199,084 $ 1,172,754