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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Operating revenues:        
Drilling - U.S. Land $ 658,804 $ 495,459 $ 1,276,583 $ 972,277
Drilling - Offshore 43,421 50,586 94,213 95,453
Drilling - International Land 64,088 54,684 124,823 123,638
Other 3,669 3,677 6,951 7,680
Total operating revenues 769,982 604,406 1,502,570 1,199,048
Operating costs and other:        
Operating costs, excluding depreciation 448,208 340,039 839,240 670,085
Depreciation 90,934 76,161 177,222 149,341
General and administrative 27,805 24,406 53,968 44,295
Research and development 3,830 3,640 7,079 7,110
Income from asset sales (7,820) (4,105) (12,503) (6,774)
Total operating costs and other 562,957 440,141 1,065,006 864,057
Operating income from continuing operations 207,025 164,265 437,564 334,991
Other income (expense):        
Interest and dividend income 356 356 692 670
Interest expense (2,421) (5,513) (4,882) (9,964)
Other (42) 232 (21) 398
Total other income (expense) (2,107) (4,925) (4,211) (8,896)
Income from continuing operations before income taxes 204,918 159,340 433,353 326,095
Income tax provision 75,155 60,379 159,293 122,769
Income from continuing operations 129,763 98,961 274,060 203,326
Loss from discontinued operations before income taxes (125) (176) (136) (391)
Income tax provision (81) (5) (81) (5)
Loss from discontinued operations (44) (171) (55) (386)
NET INCOME $ 129,719 $ 98,790 $ 274,005 $ 202,940
Basic earnings per common share:        
Income from continuing operations (in dollars per share) $ 1.20 $ 0.92 $ 2.54 $ 1.90
Net income (in dollars per share) $ 1.20 $ 0.92 $ 2.54 $ 1.90
Diluted earnings per common share:        
Income from continuing operations (in dollars per share) $ 1.18 $ 0.91 $ 2.51 $ 1.87
Net income (in dollars per share) $ 1.18 $ 0.91 $ 2.51 $ 1.87
Weighted average shares outstanding:        
Basic (in shares) 107,385 106,515 107,285 106,270
Diluted (in shares) 109,042 108,595 108,925 108,375
Dividends declared per common share (in dollars per share) $ 0.07 $ 0.06 $ 0.14 $ 0.12