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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING REVENUES    
Drilling services $ 674,565 $ 717,170
Other 2,582 2,467
Total operating revenues 677,147 719,637
OPERATING COSTS AND EXPENSES    
Drilling services operating expenses, excluding depreciation and amortization 403,303 428,251
Other operating expenses 1,137 1,126
Depreciation and amortization 93,991 96,655
Research and development 8,608 6,933
Selling, general and administrative 56,577 48,455
Asset impairment charges 0 12,097
Gain on reimbursement of drilling equipment (7,494) (15,724)
Other gain on sale of assets 2,443 2,379
Total operating costs and expenses 553,679 575,414
OPERATING INCOME 123,468 144,223
Other income (expense)    
Interest and dividend income 10,734 4,705
Interest expense (4,372) (4,355)
Loss on investment securities (4,034) (15,091)
Other (543) 58
Total unallocated amounts 1,785 (14,683)
Income before income taxes 125,253 129,540
Income tax expense 30,080 32,395
NET INCOME $ 95,173 $ 97,145
Basic earnings per common share    
Net income (loss) (in dollars per share) $ 0.95 $ 0.92
Diluted earnings per common share:    
Net income (in dollars per share) $ 0.94 $ 0.91
Weighted average shares outstanding:    
Basic (in shares) 99,143 105,248
Diluted (in shares) 99,628 106,104