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Impairments and Other Charges (Tables)
12 Months Ended
Dec. 31, 2014
Impairments and Other Charges  
Schedule of impairments and other charges

 

 

                                                                                                                                                                                   

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

(In thousands)

 

Tangible Assets & Equipment:

 

 

 

 

 

 

 

 

 

 

Provision for retirement of assets

 

$

393,962 

 

$

14,044 

 

$

138,666 

 

Impairment of long-lived assets

 

 

217,627 

 

 

20,000 

 

 

50,355 

 

​  

​  

​  

​  

​  

​  

Subtotal

 

 

611,589 

 

 

34,044 

 

 

189,021 

 

Goodwill & Intangible Assets:

 

 


 

 

 


 

 

 


 

 

Goodwill impairments

 

 

356,605 

 

 

 

 

26,279 

 

Intangible asset impairment

 

 

29,942 

 

 

 

 

74,960 

 

​  

​  

​  

​  

​  

​  

Subtotal

 

 

386,547 

 

 

 

 

101,239 

 

Other Charges:

 

 


 

 

 


 

 

 


 

 

Transaction costs

 

 

22,313 

 

 

 

 

 

Other-than-temporary impairment on equity security

 

 

6,974 

 

 

 

 

 

Loss on tendered notes

 

 

 

 

208,197 

 

 

 

Termination of employment contract

 

 

 

 

45,000 

 

 

—  

 

​  

​  

​  

​  

​  

​  

Total

 

$

1,027,423 

 

$

287,241 

 

$

290,260 

 

​  

​  

​  

​  

​  

​  

 

Schedule of retirement and impairment charges for tangible assets

The following table summarizes the 2014 retirement and impairment charges for tangible assets and equipment by operating segment:

 

                                                                                                                                                                                   

 

 

Provision for
Retirements

 

Tangible Asset
Impairments

 

Total

 

Drilling & Rig Services:

 

 

 

 

 

 

 

 

 

 

U.S. 

 

$

271,141 

 

$

137,000 

 

$

408,141 

 

Canada

 

 

24,211 

 

 

10,176 

 

 

34,387 

 

International

 

 

56,472 

 

 

70,451 

 

 

126,923 

 

Rig Services

 

 

42,138 

 

 

 

 

42,138 

 

​  

​  

​  

​  

​  

​  

Total

 

$

393,962 

 

$

217,627 

 

$

611,589 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​