Supplemental Balance Sheet, Income Statement and Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2016

Supplemental Balance Sheet, Income Statement and Cash Flow Information


	June 30,		December 31,
	2016		2015
	(In thousands)
Accrued compensation	$	107,168	$	120,204
Deferred revenue		322,029		340,472
Other taxes payable		27,244		39,850
Workers’ compensation liabilities		37,459		37,459
Interest payable		58,204		62,776
Litigation reserves		25,187		27,097
Current liability to discontinued operations		5,570		5,197
Current liability to acquisition of KVS		22,278		22,278
Other accrued liabilities		44,880		31,280
	$	650,019	$	686,613

Investment income (loss)


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
	(In thousands)
Interest and dividend income	$	242	$	1,068	$	614	$	1,602
Gains (losses) on investments, net		28		113		(1)		548
	$	270	$	1,181	$	613	$	2,150

Other expense (income)


	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2016			2015		2016			2015
	(In thousands)
Losses (gains) on sales, disposals and involuntary conversions of long-lived assets	$	28,683	(1)	$	(749)	$	33,981	(1)	$	2,725
Impairment of our CJES holdings (2)		42,875			—		220,117			—
Merger transaction (3)		—			—		—			(52,574)
Litigation expenses		(313)			2,133		324			(1,944)
Foreign currency transaction losses (gains)		2,804			1,797		7,018			(548)
Gain on debt buyback		—			—		(6,027)			—
Other losses (gains)		558			(1,843)		1,598			(2,163)
	$	74,607		$	1,338	$	257,011		$	(54,504)

(1)

Includes charges of $19.7 million and $22.4 million, respectively, for the three and six months ended June 30, 2016 related to a reserve for amounts associated with our retained interest in the oil and gas properties located on the North Slope of Alaska and a $3.8 million charge to reduce the carrying value of one of our jack-up rigs, which was re-classified as held for sale at June 30, 2016, to its estimated fair value based on expected sales price.

(2)

Represents impairment charges related to our CJES holdings. See Note 3 — Investments in Unconsolidated Affiliates.

(3)

Includes the gain and transaction costs associated with the Merger. See Note 3 — Investments in Unconsolidated Affiliates.

Schedule of changes in accumulated other comprehensive income (loss)

The changes in accumulated other comprehensive income (loss), by component, included the following:


			Unrealized
	Gains		gains (losses)		Defined
	(losses) on		on available-		benefit		Foreign
	cash flow		for-sale		pension plan		currency
	hedges		securities		items		items		Total
	(In thousands (1) )
As of January 1, 2015	$	(2,044)	$	14,996	$	(7,263)	$	71,833	$	77,522
Other comprehensive income (loss) before reclassifications		—		(2,000)		—		(56,266)		(58,266)
Amounts reclassified from accumulated other comprehensive income (loss)		187		—		348		5,365		5,900
Net other comprehensive income (loss)		187		(2,000)		348		(50,901)		(52,366)
As of June 30, 2015	$	(1,857)	$	12,996	$	(6,915)	$	20,932	$	25,156

(1)

All amounts are net of tax.


			Unrealized
	Gains		gains (losses)		Defined
	(losses) on		on available-		benefit		Foreign
	cash flow		for-sale		pension plan		currency
	hedges		securities		items		items		Total
	(In thousands (1) )
As of January 1, 2016	$	(1,670)	$	(314)	$	(6,568)	$	(39,041)	$	(47,593)
Other comprehensive income (loss) before reclassifications		—		2,049		—		36,820		38,869
Amounts reclassified from accumulated other comprehensive income (loss)		187		—		287		—		474
Net other comprehensive income (loss)		187		2,049		287		36,820		39,343
As of June 30, 2016	$	(1,483)	$	1,735	$	(6,281)	$	(2,221)	$	(8,250)

(1)

All amounts are net of tax.

Schedule of line items that were reclassified from net income


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
	(In thousands)
Interest expense	$	153	$	153		306		306
General and administrative expenses		294		276		468		552
Other expense (income), net		—		—		—		5,365
Total before tax		(447)		(429)		(774)		(6,223)
Tax expense (benefit)		(171)		(161)		(300)		(323)
Reclassification adjustment for (gains)/ losses included in net income (loss)	$	(276)	$	(268)	$	(474)	$	(5,900)