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Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Contract drilling $ 392,170 $ 357,409 $ 755,727 $ 800,932
Revenues related to reimbursable expenses 7,119 31,338 17,788 58,358
Total revenues 399,289 388,747 773,515 859,290
Operating expenses:        
Contract drilling, excluding depreciation 196,217 198,336 399,740 411,177
Reimbursable expenses 6,790 16,527 17,268 43,318
Depreciation 85,982 105,016 179,211 209,256
General and administrative 19,010 18,139 36,493 33,537
Impairment of assets 71,268 678,145 71,268 678,145
Gain on disposition of assets (802) (747) (2,148) (1,043)
Total operating expenses 378,465 1,015,416 701,832 1,374,390
Operating income (loss) 20,824 (626,669) 71,683 (515,100)
Other income (expense):        
Interest income 396 269 571 442
Interest expense, net of amounts capitalized (27,251) (24,156) (54,847) (49,672)
Foreign currency transaction (loss) gain (927) (3,513) 160 (7,121)
Other, net (62) (12,046) (125) (11,468)
(Loss) income before income tax benefit (7,020) (666,115) 17,442 (582,919)
Income tax benefit 22,969 76,178 22,046 80,407
Net income (loss) $ 15,949 $ (589,937) $ 39,488 $ (502,512)
Earnings (loss) per share, Basic and Diluted $ 0.12 $ (4.30) $ 0.29 $ (3.66)
Weighted-average shares outstanding:        
Shares of common stock 137,224 137,170 137,199 137,166
Dilutive potential shares of common stock 3   36  
Total weighted-average shares outstanding 137,227 137,170 137,235 137,166