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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues        
Contract drilling services $ 314,405 $ 684,788 $ 1,556,093 $ 2,139,798
Other 2,959 3,186 9,567 9,642
Total operating revenues 317,364 687,974 1,565,660 2,149,440
Operating costs and expenses        
Contract drilling services operating expenses, excluding depreciation and amortization 205,198 443,114 1,022,270 1,372,426
Other operating expenses 1,549 1,414 4,286 4,308
Depreciation and amortization 110,161 143,297 372,298 427,917
Research and development 3,638 7,066 16,730 21,347
Selling, general and administrative 43,108 46,590 134,894 144,604
Asset impairment charge 0 224,327 563,234 224,327
Restructuring charges 15,495 0 15,495 0
Gain on sale of assets (4,201) (9,960) (18,790) (27,050)
Total operating costs and expenses 374,948 855,848 2,110,417 2,167,879
Operating loss from continuing operations (57,584) (167,874) (544,757) (18,439)
Other income (expense)        
Interest and dividend income 771 2,349 6,551 6,861
Interest expense (6,125) (6,257) (18,320) (17,145)
Gain (loss) on investment securities 2,267 (13,271) (7,325) (50,228)
Gain on sale of subsidiary 0 0 14,963 0
Other (2,914) (1,599) (3,711) (1,051)
Total other income (expense) (6,001) (18,778) (7,842) (61,563)
Loss from continuing operations before income taxes (63,585) (186,652) (552,599) (80,002)
Income tax benefit (17,578) (32,031) (116,853) (5,602)
Loss from continuing operations (46,007) (154,621) (435,746) (74,400)
Income from discontinued operations before income taxes 9,151 7,244 22,675 22,798
Income tax provision 8,743 7,306 22,463 23,231
Income (loss) from discontinued operations 408 (62) 212 (433)
Net loss $ (45,599) $ (154,683) $ (435,534) $ (74,833)
Basic loss per common share:        
Loss from continuing operations (in dollars per share) $ (0.43) $ (1.42) $ (4.05) $ (0.71)
Loss from discontinued operations (in dollars per share) 0 0 0 0
Net loss (in dollars per share) (0.43) (1.42) (4.05) (0.71)
Diluted loss per common share:        
Loss from continuing operations (in dollars per share) (0.43) (1.42) (4.05) (0.71)
Loss from discontinued operations (in dollars per share) 0 0 0 0
Net loss (in dollars per share) $ (0.43) $ (1.42) $ (4.05) $ (0.71)
Weighted average shares outstanding:        
Basic (in shares) 107,439 109,425 108,185 109,324
Diluted (in shares) 107,439 109,425 108,185 109,324