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Condensed Consolidated Balance Sheet (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 20,380 $ 86,197
Receivables:    
Trade, net of allowance for doubtful accounts 128,950 106,084
Unbilled receivables 31,267 31,512
Insurance recoveries 5,693 5,470
Income taxes 1,583 2,168
Deferred income taxes 14,350 15,433
Inventory 13,211 11,184
Prepaid expenses and other current assets 13,333 11,564
Total current assets 228,767 269,612
Property and equipment, at cost 1,550,277 1,336,926
Less accumulated depreciation 610,832 542,970
Net property and equipment 939,445 793,956
Intangible assets, net of amortization 48,205 52,680
Goodwill 41,683 41,683
Noncurrent deferred income taxes 1,242 735
Other long-term assets 12,066 14,088
Total assets 1,271,408 1,172,754
Current liabilities:    
Accounts payable 95,189 66,440
Current portion of long-term debt 871 872
Prepaid drilling contracts 4,071 3,966
Accrued expenses:    
Payroll and related employee costs 24,965 29,057
Insurance premiums and deductibles 9,741 10,583
Insurance claims and settlements 5,580 5,470
Interest 12,269 12,283
Other 14,199 11,009
Total current liabilities 166,885 139,680
Long-term debt, less current portion 453,290 418,728
Noncurrent deferred income taxes 105,689 94,745
Other long-term liabilities 7,607 9,156
Total liabilities 733,471 662,309
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 62,018,191 shares outstanding at June 30, 2012 and December 31, 2011, respectively 6,215 6,188
Additional paid-in capital 445,985 442,020
Treasury stock, at cost; 134,188 shares and 95,409 shares at June 30, 2012 and December 31, 2011, respectively (1,261) (904)
Accumulated earnings 86,998 63,141
Total shareholders' equity 537,937 510,445
Total liabilities and shareholders' equity $ 1,271,408 $ 1,172,754