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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Contract drilling $ 217,818 $ 317,531 $ 794,979 $ 992,913
Revenues related to reimbursable expenses 9,979 13,031 36,988 39,762
Total revenues 227,797 330,562 831,967 1,032,675
COSTS AND EXPENSES:        
Contract drilling 80,524 134,258 301,094 401,847
Reimbursable expenses 5,489 9,066 22,898 29,634
Depreciation 41,084 42,534 124,964 129,637
General and administrative 12,028 10,473 38,693 42,619
Asset impairment (659) 0 64,773 60,777
Loss on sale of assets 0 27 77 15,362
Other, net 16 0 (1,044) 0
Total costs and expenses 138,482 196,358 551,455 679,876
OPERATING INCOME 89,315 134,204 280,512 352,799
OTHER INCOME (EXPENSE):        
Interest expense, net of capitalized interest (19,674) (11,677) (50,533) (40,028)
Interest income 9 12 19 84
Gains on extinguishment of debt 50,466 0 58,863 0
Other income 0 0 17,976 0
Other income (expense) total 30,801 (11,665) 26,325 (39,944)
INCOME BEFORE INCOME TAXES 120,116 122,539 306,837 312,855
PROVISION FOR INCOME TAXES 20,611 9,547 45,814 30,976
NET INCOME $ 99,505 $ 112,992 $ 261,023 $ 281,879
EARNINGS PER COMMON SHARE        
Basic (in dollars per share) $ 1.54 $ 1.75 $ 4.03 $ 4.37
Diluted (in dollars per share) $ 1.53 $ 1.73 $ 4.02 $ 4.33
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 64,795 64,649 64,750 64,557
Diluted (in shares) 64,847 65,130 64,852 65,063