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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating revenues        
Operating revenues $ 687,974 $ 648,872 $ 2,149,440 $ 1,790,443
Operating costs and expenses        
Contract drilling operating expenses, excluding depreciation and amortization 443,114 443,087 1,372,426 1,199,422
Operating expenses applicable to other revenues 1,414 1,424 4,308 3,728
Depreciation and amortization 143,297 144,579 427,917 433,521
Asset impairment charge 224,327 0 224,327 0
Research and development 7,066 5,479 21,347 13,149
Selling, general and administrative 46,590 52,310 144,604 147,005
Gain on sale of assets (9,960) (4,313) (27,050) (15,133)
Total operating costs and expenses 855,848 642,566 2,167,879 1,781,692
Operating income (loss) from continuing operations (167,874) 6,306 (18,439) 8,751
Operating income (loss) from continuing operations        
Interest and dividend income 2,349 2,109 6,861 5,680
Interest expense (6,257) (5,993) (17,145) (17,794)
Loss on investment securities (13,271) 0 (50,228) 0
Other (1,599) (61) (1,051) 170
Total other income (expense) (18,778) (3,945) (61,563) (11,944)
Income (loss) from continuing operations before income taxes (186,652) 2,361 (80,002) (3,193)
Income tax provision (benefit) (32,031) 10,535 (5,602) (494,028)
Income (loss) from continuing operations (154,621) (8,174) (74,400) 490,835
Income from discontinued operations before income taxes 7,244 8,383 22,798 9,127
Income tax provision 7,306 8,217 23,231 19,743
Income (loss) from discontinued operations (62) 166 (433) (10,616)
Net income (loss) $ (154,683) $ (8,008) $ (74,833) $ 480,219
Basic earnings (loss) per common share:        
Income (loss) from continuing operations (in dollars per share) $ (1.42) $ (0.08) $ (0.71) $ 4.47
Loss from discontinued operations (in dollars per share) 0 0 0 (0.10)
Net income (loss) (in dollars per share) (1.42) (0.08) (0.71) 4.37
Diluted earnings (loss) per common share:        
Income (loss) from continuing operations (in dollars per share) (1.42) (0.08) (0.71) 4.45
Income (loss) from discontinued operations (in dollars per share) 0 0 0 (0.10)
Net income (loss) (in dollars per share) $ (1.42) $ (0.08) $ (0.71) $ 4.35
Weighted average shares outstanding (in thousands):        
Basic (in shares) 109,425 108,905 109,324 108,818
Diluted (in shares) 109,425 108,905 109,324 109,338
Contract drilling        
Operating revenues        
Operating revenues $ 684,788 $ 637,548 $ 2,139,798 $ 1,763,939
Other        
Operating revenues        
Operating revenues $ 3,186 $ 11,324 $ 9,642 $ 26,504