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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues and other income        
Operating revenues $ 571,591 $ 863,305 $ 1,169,162 $ 2,278,012
Earnings (losses) from unconsolidated affiliates (54,769) (1,116) (221,920) 5,386
Investment income (loss) 270 1,181 613 2,150
Total revenues and other income 517,092 863,370 947,855 2,285,548
Costs and other deductions:        
Direct costs 341,279 488,522 706,302 1,408,132
General and administrative expenses 56,624 75,810 118,958 191,240
Research and Engineering 8,180 10,480 16,342 22,183
Depreciation and amortization 218,913 218,196 434,731 499,215
Interest expense 45,237 44,469 90,967 91,070
Other, net 74,607 1,338 257,011 (54,504)
Total costs and other deductions 744,840 838,815 1,624,311 2,157,336
Income (loss) from continuing operations before income taxes (227,748) 24,555 (676,456) 128,212
Income tax expense (benefit):        
Current 15,898 (14,402) 30,723 32,947
Deferred (57,081) 80,847 (123,970) 12,793
Total income tax expense (benefit) (41,183) 66,445 (93,247) 45,740
Income (loss) from continuing operations, net of tax (186,565) (41,890) (583,209) 82,472
Income (loss) from discontinued operations, net of tax (984) 5,025 (1,910) 4,208
Net income (loss) (187,549) (36,865) (585,119) 86,680
Less: Net (income) loss attributable to noncontrolling interest 2,899 44 2,175 133
Net income (loss) attributable to Nabors $ (184,650) $ (36,821) $ (582,944) $ 86,813
Earnings (losses) per share:        
Basic from continuing operations (in dollars per share) $ (0.65) $ (0.14) $ (2.06) $ 0.28
Basic from discontinued operations (in dollars per share)   0.01 (0.01) 0.02
Total Basic (in dollars per share) (0.65) (0.13) (2.07) 0.30
Diluted from continuing operations (in dollars per share) (0.65) (0.14) (2.06) 0.28
Diluted from discontinued operations (in dollars per share)   0.01 (0.01) 0.02
Total Diluted (in dollars per share) $ (0.65) $ (0.13) $ (2.07) $ 0.30
Weighted-average number of common shares outstanding:        
Basic (in shares) 276,550 286,085 276,201 285,723
Diluted (in shares) 276,550 286,085 276,201 286,701