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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Operating revenues      
Drilling services $ 1,761,714 $ 2,785,557 $ 2,474,458
Other 12,213 12,933 12,810
Total operating revenues 1,773,927 2,798,490 2,487,268
Operating costs and expenses      
Drilling services operating expenses, excluding depreciation and amortization 1,184,788 1,803,204 1,647,557
Other operating expenses 5,777 5,382 5,053
Depreciation and amortization 481,885 562,803 583,802
Research and development 21,645 27,467 18,167
Selling, general and administrative 167,513 194,416 199,257
Asset impairment charge 563,234 224,327 23,128
Restructuring charges 16,047 0 0
Gain on sale of assets (46,775) (39,691) (22,660)
Total operating costs and expenses 2,394,114 2,777,908 2,454,304
Operating income (loss) from continuing operations (620,187) 20,582 32,964
Other income (expense)      
Interest and dividend income 7,304 9,468 8,017
Interest expense (24,474) (25,188) (24,265)
Gain (loss) on investment securities (8,720) (54,488) 1
Gain on sale of subsidiary 14,963 0 0
Other (5,384) (1,596) (876)
Total other income (expense) (16,311) (71,804) (17,123)
Income (loss) from continuing operations before income taxes (636,498) (51,222) 15,841
Income tax benefit (140,106) (18,712) (477,169)
Income (loss) from continuing operations (496,392) (32,510) 493,010
Income from discontinued operations before income taxes 30,580 32,848 23,389
Income tax provision 28,685 33,994 33,727
Income (loss) from discontinued operations 1,895 (1,146) (10,338)
Net income (loss) $ (494,497) $ (33,656) $ 482,672
Basic earnings (loss) per common share:      
Income (loss) from continuing operations (in dollars per share) $ (4.62) $ (0.33) $ 4.49
Income (loss) from discontinued operations (in dollars per share) 0.02 (0.01) (0.10)
Net income (loss) (in dollars per share) (4.60) (0.34) 4.39
Diluted earnings (loss) per common share:      
Income (loss) from continuing operations (in dollars per share) (4.62) (0.33) 4.47
Income (loss) from discontinued operations (in dollars per share) 0.02 (0.01) (0.10)
Net income (loss) (in dollars per share) $ (4.60) $ (0.34) $ 4.37
Weighted average shares outstanding:      
Basic (in shares) 108,009 109,216 108,851
Diluted (in shares) 108,009 109,216 109,387