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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION
 3 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION
NOTE 15 BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION
Description of the Business
We are a performance-driven drilling solutions and technologies company based in Tulsa, Oklahoma with operations in all major U.S. onshore basins as well as South America and the Middle East. Our drilling operations consist mainly of contracting Company-owned drilling equipment primarily to large oil and gas exploration companies.  We believe we are the recognized industry leader in drilling as well as technological innovation.
During the third quarter of fiscal year 2020, as part of our restructuring efforts and consistent with the manner in which our chief operating decision maker evaluates performance and allocates resources we implemented organizational changes. We have moved from a product-based offering, such as a rig or separate technology package, to an integrated solution-based approach by combining proprietary rig technology, automation software, and digital expertise into our rig operations. Operations previously reported within the former U.S. Land and H&P Technologies operating and reportable segments are now managed and presented within the North America Solutions reportable segment. As a result, beginning with the third quarter of fiscal year 2020, our drilling services operations are organized into the following reportable operating business segments: North America Solutions, Offshore Gulf of Mexico and International Solutions. All prior period segment disclosures have been recast for these segment changes. Consolidated revenues and expenses reflect the elimination of intercompany transactions.
Each reportable operating segment is a strategic business unit that is managed separately, and consolidated revenues and expenses reflect the elimination of all material intercompany transactions. Our real estate operations, our incubator program for new research and development projects, and our wholly-owned captive insurance companies are included in "Other." External revenues included in “Other” primarily consist of rental income.
Segment Performance
We evaluate segment performance based on income or loss from continuing operations (segment operating income (loss)) before income taxes which includes:
•Revenues from external and internal customers
•Direct operating costs
•Depreciation and amortization
•Allocated general and administrative costs
•Restructuring charges
but excludes gain on sale of assets and corporate selling, general and administrative costs, corporate depreciation, and corporate restructuring charges.
General and administrative costs are allocated to the segments based primarily on specific identification and, to the extent that such identification is not practical, on other methods which we believe to be a reasonable reflection of the utilization of services provided.
Summarized financial information of our reportable segments for the three months ended December 31, 2020 and 2019 is shown in the following tables:
Three Months Ended December 31, 2020
(in thousands)North America SolutionsOffshore Gulf of MexicoInternational SolutionsOtherEliminationsTotal
External sales$201,990 $32,273 $10,518 $1,596 $— $246,377 
Intersegment— — — 7,122 (7,122)— 
Total sales201,990 32,273 10,518 8,718 (7,122)246,377 
Segment operating income (loss)(72,928)2,742 (8,357)4,111 (2,126)(76,558)
Three Months Ended December 31, 2019
(in thousands)
North America Solutions (1)
Offshore Gulf of MexicoInternational SolutionsOtherEliminationsTotal
External sales$524,681 $40,255 $46,462 $3,259 $— $614,657 
Intersegment— — — 7,740 (7,740)— 
Total sales524,681 40,255 46,462 10,999 (7,740)614,657 
Segment operating income (loss)52,139 6,328 3,115 (1,237)— 60,345 
(1)Operations previously reported within the H&P Technologies reportable segment are now managed and presented within the North America Solutions reportable segment.
The following table reconciles segment operating income (loss) per the tables above to income (loss) from continuing operations before income taxes as reported on the Unaudited Condensed Consolidated Statements of Operations:
Three Months Ended December 31,
(in thousands)20202019
Segment operating income (loss)$(76,558)$60,345 
Gain on sale of assets12,336 4,279 
Corporate selling, general and administrative costs, corporate depreciation and corporate restructuring charges(29,001)(33,256)
Operating income (loss) from continuing operations(93,223)31,368 
Other income (expense)
Interest and dividend income1,879 2,214 
Interest expense(6,139)(6,100)
Gain on investment securities2,924 2,821 
Gain on sale of subsidiary— 14,963 
Other(1,480)(399)
Total unallocated amounts(2,816)13,499 
Income (loss) from continuing operations before income taxes$(96,039)$44,867 
The following table presents total assets by reportable segment:
(in thousands)December 31,
2020		September 30,
2020
Total assets (1)
North America Solutions (2)
$3,749,435 $3,812,718 
Offshore Gulf of Mexico98,712 93,501 
International Solutions170,151 181,181 
Other81,683 22,144 
4,099,981 4,109,544 
Investments and corporate operations626,772 720,077 
Total assets from continuing operations4,726,753 4,829,621 
Discontinued operations— — 
$4,726,753 $4,829,621 
(1)Assets by segment exclude investments in subsidiaries and intersegment activity.
(2)Operations previously reported within the H&P Technologies reportable segment are now managed and presented within the North America Solutions reportable segment.

The following table presents revenues from external customers by country based on the location of service provided:
Three Months Ended December 31,
(in thousands)20202019
Operating revenues
United States$235,444 $566,815 
Argentina1,553 40,609 
Bahrain7,549 4,684 
United Arab Emirates990 173 
Colombia429 996 
Other Foreign412 1,380 
Total$246,377 $614,657 
Refer to Note 9—Revenue from Contracts with Customers for additional information regarding the recognition of revenue upon adoption of ASC 606.