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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Operating revenues      
Contract drilling services $ 2,785,557 $ 2,474,458 $ 1,792,476
Other 12,933 12,810 12,265
Total operating revenues 2,798,490 2,487,268 1,804,741
Operating costs and expenses      
Contract drilling services operating expenses, excluding depreciation and amortization 1,803,204 1,647,557 1,244,735
Operating expenses applicable to other revenues 5,382 5,053 4,582
Depreciation and amortization 562,803 583,802 585,543
Research and development 27,467 18,167 12,047
Selling, general and administrative 194,416 199,257 147,548
Asset impairment charge 224,327 23,128 0
Gain on sale of assets (39,691) (22,660) (20,627)
Total operating costs and expenses 2,777,908 2,454,304 1,973,828
Operating income (loss) from continuing operations 20,582 32,964 (169,087)
Other income (expense)      
Interest and dividend income 9,468 8,017 5,915
Interest expense (25,188) (24,265) (19,747)
Gain (loss) on investment securities (54,488) 1 0
Other (1,596) (876) (1,679)
Total other income (expense) (71,804) (17,123) (15,511)
Income (loss) from continuing operations before income taxes (51,222) 15,841 (184,598)
Income tax benefit (18,712) (477,169) (56,735)
Income (loss) from continuing operations (32,510) 493,010 (127,863)
Income from discontinued operations before income taxes 32,848 23,389 3,285
Income tax provision 33,994 33,727 3,634
Loss from discontinued operations (1,146) (10,338) (349)
Net income (loss) $ (33,656) $ 482,672 $ (128,212)
Basic earnings (loss) per common share:      
Income (loss) from continuing operations (in dollars per share) $ (0.33) $ 4.49 $ (1.20)
Loss from discontinued operations (in dollars per share) (0.01) (0.10) 0
Net income (loss) (in dollars per share) (0.34) 4.39 (1.20)
Diluted earnings (loss) per common share:      
Income (loss) from continuing operations (in dollars per share) (0.33) 4.47 (1.20)
Loss from discontinued operations (in dollars per share) (0.01) (0.10) 0
Net income (loss) (in dollars per share) $ (0.34) $ 4.37 $ (1.20)
Weighted average shares outstanding:      
Basic (in shares) 109,216 108,851 108,500
Diluted (in shares) 109,216 109,387 108,500