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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating revenues:        
Total operating revenues $ 675,765 $ 854,418 $ 1,379,936 $ 1,663,582
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 208,688 212,384 423,098 422,276
Selling, general and administrative 34,894 35,663 67,449 68,480
Provision for bad debts 3,594   3,594  
Merger and integration expenses   747   2,738
Other operating expenses (income), net [1] 9,071 (7,129) 335 (9,550)
Total operating costs and expenses 723,890 863,422 1,451,444 1,694,688
Operating loss (48,125) (9,004) (71,508) (31,106)
Other income (expense):        
Interest income 1,756 2,360 2,788 3,783
Interest expense, net of amount capitalized (13,298) (12,667) (26,282) (26,292)
Other 92 216 209 385
Total other expense (11,450) (10,091) (23,285) (22,124)
Loss before income taxes (59,575) (19,095) (94,793) (53,230)
Income tax benefit (10,128) (8,382) (16,732) (8,100)
Net loss $ (49,447) $ (10,713) $ (78,061) $ (45,130)
Net loss per common share:        
Basic $ (0.24) $ (0.05) $ (0.37) $ (0.21)
Diluted $ (0.24) $ (0.05) $ (0.37) $ (0.21)
Weighted average number of common shares outstanding:        
Basic 207,499 220,093 209,671 220,436
Diluted 207,499 220,093 209,671 220,436
Cash dividends per common share $ 0.04 $ 0.04 $ 0.08 $ 0.06
Contract Drilling        
Operating revenues:        
Total operating revenues $ 348,138 $ 349,922 $ 720,530 $ 677,725
Operating costs and expenses:        
Operating costs and expenses 201,792 217,674 420,994 430,257
Pressure Pumping        
Operating revenues:        
Total operating revenues 251,008 425,303 498,609 832,087
Operating costs and expenses:        
Operating costs and expenses 206,137 342,885 408,885 663,855
Directional Drilling        
Operating revenues:        
Total operating revenues 50,218 52,705 103,177 101,321
Operating costs and expenses:        
Operating costs and expenses 42,102 43,685 87,704 81,374
Other        
Operating revenues:        
Total operating revenues 26,401 26,488 57,620 52,449
Operating costs and expenses:        
Operating costs and expenses $ 17,612 $ 17,513 $ 39,385 $ 35,258
[1] Other operating income, net includes net gains associated with the disposal of assets related to corporate strategy decisions of the executive management group. Accordingly, the related gains have been excluded from the operating results of specific segments. This caption also includes certain legal-related expenses and settlements, net of insurance reimbursements.