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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue $ 123,719 $ 274,806 $ 495,769
Costs and expenses:      
Direct operating expenses 83,165 169,837 236,244
Drydock expense 4,662 15,387 24,840
General and administrative expense 37,663 47,280 62,728
Depreciation and amortization 58,182 72,591 75,336
Total reduction in value of assets 162,808 152,103 8,995
Gain on sale of assets and other 8,564 1,160 (14,039)
Total costs and expenses 355,044 458,358 394,104
Operating income (loss) (231,325) (183,552) 101,665
Other income (expense):      
Interest expense (33,486) (36,946) (29,332)
Interest income 133 260 307
Gain on extinguishment of debt 35,912 458
Other financing costs (11,287)
Foreign currency loss and other (2,384) (1,088) (995)
Total other expense (11,112) (37,316) (30,020)
Income (loss) before income taxes (242,437) (220,868) 71,645
Income tax benefit (provision) 39,458 5,633 (9,270)
Net income (loss) $ (202,979) $ (215,235) $ 62,375
Earnings (loss) per share:      
Basic (in dollars per share) $ (8.09) $ (8.70) $ 2.39
Diluted (in dollars per share) $ (8.09) $ (8.70) $ 2.39
Weighted average shares outstanding:      
Basic (in shares) 25,094 24,729 26,097
Diluted (in shares) 25,094 24,729 26,097
Cash dividends declared per common share (in dollars per share) $ 1