BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

3 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Financial Information of Reportable Segments

Summarized financial information of our reportable segments for the three months ended December 31, 2022 and 2021 is shown in the following tables:

	Three Months Ended December 31, 2022
(in thousands)	North America Solutions		Offshore Gulf of Mexico		International Solutions		Other		Eliminations		Total
External sales	$	627,163	$	35,164	$	54,801	$	2,509	$	—	$	719,637
Intersegment	—		—		—		16,402		(16,402)		—
Total sales	627,163		35,164		54,801		18,911		(16,402)		719,637
Segment operating income	145,297		6,746		1,574		4,677		2,310		160,604

	Three Months Ended December 31, 2021
(in thousands)	North America Solutions		Offshore Gulf of Mexico		International Solutions		Other		Eliminations		Total
External sales	$	341,034	$	29,314	$	37,159	$	2,275	$	—	$	409,782
Intersegment	—		—		—		13,648		(13,648)		—
Total sales	341,034		29,314		37,159		15,923		(13,648)		409,782
Segment operating income (loss)	(28,893)		5,466		8,049		3,929		(1,282)		(12,731)

Schedule of Reconciliation of Segment Operating Income (Loss) to Income from Continuing Operations Before Income Taxes

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)	2022		2021
Segment operating income (loss)	$	160,604	$	(12,731)
Gain on reimbursement of drilling equipment	15,724		5,254
Other gain (loss) on sale of assets	2,379		(1,029)
Corporate selling, general and administrative costs, corporate depreciation and corporate restructuring charges	(34,484)		(34,105)
Operating income (loss) from continuing operations	144,223		(42,611)
Other income (expense)
Interest and dividend income	4,705		2,589
Interest expense	(4,355)		(6,114)
Gain (loss) on investment securities	(15,091)		47,862
Loss on extinguishment of debt	—		(60,083)
Other	(660)		(542)
Total unallocated amounts	(15,401)		(16,288)
Income (loss) from continuing operations before income taxes	$	128,822	$	(58,899)

Schedule of Total Assets by Reportable Segment

The following table reconciles segment total assets to total assets as reported on the Unaudited Condensed Consolidated Balance Sheets:

(in thousands)	December 31, 2022		September 30, 2022
Total assets1
North America Solutions	$	3,457,551	$	3,406,824
Offshore Gulf of Mexico	81,135		80,993
International Solutions	336,671		330,974
Other	138,735		120,305
	4,014,092		3,939,096
Investments and corporate operations	397,756		416,435
	$	4,411,848	$	4,355,531

(1)Assets by segment exclude investments in subsidiaries and intersegment activity.

Schedule of Revenues from External Customers by Country

The following table presents revenues from external customers by country based on the location of service provided:

	Three Months Ended December 31,
(in thousands)	2022		2021
Operating revenues
United States	$	664,173	$	371,488
Argentina	33,834		29,152
Bahrain	2,269		7,632
United Arab Emirates	2,337		—
Colombia	16,369		375
Other Foreign	655		1,135
Total	$	719,637	$	409,782