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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
REVENUES:        
Contract drilling $ 282,546 $ 338,621 $ 577,161 $ 675,382
Revenues related to reimbursable expenses 13,805 11,766 27,009 26,731
Total revenues 296,351 350,387 604,170 702,113
COSTS AND EXPENSES:        
Contract drilling 89,918 131,124 220,570 267,589
Reimbursable expenses 9,123 8,661 17,409 20,568
Depreciation 41,053 42,528 83,880 87,103
General and administrative 11,488 14,737 26,665 32,146
Asset impairment 708 0 65,432 60,777
Loss on sale of assets 77 5,529 77 15,335
Other, net (1,137) 0 (1,060) 0
Total costs and expenses 151,230 202,579 412,973 483,518
OPERATING INCOME 145,121 147,808 191,197 218,595
OTHER INCOME (EXPENSE):        
Interest expense, net of capitalized interest (17,098) (12,847) (30,859) (28,351)
Interest income 6 15 10 72
Gains on extinguishment of debt 8,397 0 8,397 0
Other income 0 0 17,976 0
Other income (expense) total (8,695) (12,832) (4,476) (28,279)
INCOME BEFORE INCOME TAXES 136,426 134,976 186,721 190,316
PROVISION FOR INCOME TAXES 13,989 12,307 25,203 21,429
NET INCOME $ 122,437 $ 122,669 $ 161,518 $ 168,887
EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ 1.89 $ 1.90 $ 2.49 $ 2.62
Diluted (in dollars per share) $ 1.89 $ 1.89 $ 2.49 $ 2.60
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 64,781 64,620 64,739 64,513
Diluted (in shares) 64,825 65,048 64,870 65,031