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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating revenues    
Operating revenues $ 740,598 $ 564,087
Operating costs and expenses    
Contract drilling operating expenses, excluding depreciation and amortization 487,593 371,916
Operating expenses applicable to other revenues 1,274 1,167
Depreciation and amortization 141,460 143,267
Research and development 7,019 3,234
Selling, general and administrative 54,508 46,459
Gain on sale of assets (5,545) (5,565)
Total operating costs and expenses 686,309 560,478
Operating income from continuing operations 54,289 3,609
Other income (expense)    
Interest and dividend income 2,450 1,724
Interest expense (4,720) (5,773)
Loss on investment securities (42,844)  
Other 541 441
Total other income (expense) (44,573) (3,608)
Income from continuing operations before income taxes 9,716 1
Income tax provision (benefit) 1,352 (500,641)
Income from continuing operations 8,364 500,642
Income (loss) from discontinued operations before income taxes 12,665 (519)
Income tax provision 2,070 17
Income (loss) from discontinued operations 10,595 (536)
Net Income $ 18,959 $ 500,106
Basic earnings per common share:    
Income from continuing operations (in dollars per share) $ 0.07 $ 4.57
Income from discontinued operations (in dollars per share) 0.10  
Net income (in dollars per share) 0.17 4.57
Diluted earnings per common share:    
Income from continuing operations (in dollars per share) 0.07 4.55
Income from discontinued operations (in dollars per share) 0.10  
Net income (in dollars per share) $ 0.17 $ 4.55
Weighted average shares outstanding (in thousands):    
Basic (in shares) 109,142 108,683
Diluted (in shares) 109,425 109,095
Contract Drilling    
Operating revenues    
Operating revenues $ 737,358 $ 561,069
Other.    
Operating revenues    
Operating revenues $ 3,240 $ 3,018