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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Operating revenues        
Operating revenues $ 720,868 $ 577,484 $ 1,461,466 $ 1,141,571
Operating costs and expenses        
Contract drilling operating expenses, excluding depreciation and amortization 441,719 384,419 929,312 756,335
Operating expenses applicable to other revenues 1,620 1,137 2,894 2,304
Depreciation and amortization 143,161 145,675 284,620 288,942
Research and development 7,262 4,436 14,281 7,670
Selling, general and administrative 43,506 48,236 98,014 94,695
Gain on sale of assets (11,546) (5,255) (17,090) (10,820)
Total operating costs and expenses 625,722 578,648 1,312,031 1,139,126
Operating income (loss) from continuing operations 95,146 (1,164) 149,435 2,445
Other income (expense)        
Interest and dividend income 2,061 1,847 4,512 3,571
Interest expense (6,167) (6,028) (10,888) (11,801)
Gain (loss) on investment securities 5,878   (36,957)  
Other 17 (210) 548 231
Total other income (expense) 1,789 (4,391) (42,785) (7,999)
Income (loss) from continuing operations before income taxes 96,935 (5,555) 106,650 (5,554)
Income tax provision (benefit) 25,078 (3,922) 26,429 (504,563)
Income (loss) from continuing operations 71,857 (1,633) 80,221 499,009
Income from discontinued operations before income taxes 2,889 1,263 15,554 744
Income tax provision 13,855 11,509 15,925 11,526
Loss from discontinued operations (10,966) (10,246) (371) (10,782)
Net income (loss) $ 60,891 $ (11,879) $ 79,850 $ 488,227
Basic earnings (loss) per common share:        
Income (loss) from continuing operations (in dollars per share) $ 0.65 $ (0.03) $ 0.72 $ 4.55
Loss from discontinued operations (in dollars per share) (0.10) (0.09)   (0.10)
Net income (loss) (in dollars per share) 0.55 (0.12) 0.72 4.45
Diluted earnings (loss) per common share:        
Income (loss) from continuing operations (in dollars per share) 0.65 (0.03) 0.72 4.53
Loss from discontinued operations (in dollars per share) (0.10) (0.09)   (0.10)
Net income (loss) (in dollars per share) $ 0.55 $ (0.12) $ 0.72 $ 4.43
Weighted average shares outstanding (in thousands):        
Basic (in shares) 109,406 108,868 109,273 108,775
Diluted (in shares) 109,503 108,868 109,452 109,212
Contract Drilling        
Operating revenues        
Operating revenues $ 717,653 $ 574,471 $ 1,455,011 $ 1,135,540
Other.        
Operating revenues        
Operating revenues $ 3,215 $ 3,013 $ 6,455 $ 6,031