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

6 Months Ended

Jun. 30, 2017

Supplemental Balance Sheet, Income Statement and Cash Flow Information


	June 30,		December 31,
	2017		2016
	(In thousands)
Accrued compensation	$	113,627	$	116,775
Deferred revenue		278,252		255,626
Other taxes payable		22,001		16,419
Workers’ compensation liabilities		18,255		18,255
Interest payable		68,602		57,233
Litigation reserves		22,090		24,896
Current liability to discontinued operations		25,775		5,462
Dividends declared and payable		17,149		17,039
Other accrued liabilities		26,309		31,543
	$	592,060	$	543,248

Other, net


		Three Months Ended					Six Months Ended
		June 30,					June 30,
		2017		2016			2017		2016
	(In thousands)
Losses (gains) on sales, disposals and involuntary conversions of long-lived assets		$	(2,742)	$	28,683	(1)	$	133	$	33,981	(1)
Charges related to our CJES holdings (2)			—		42,875			—		220,117
Litigation expenses			789		(313)			1,610		324
Foreign currency transaction losses (gains)			1,614		2,804			2,490		7,018
(Gain) loss on debt buyback			7,348		—			15,944		(6,027)
Other losses (gains)			3,095		558			3,437		1,598
		$	10,104	$	74,607		$	23,614	$	257,011

(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 assets 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.

Schedule of changes in accumulated other comprehensive income (loss)


			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.


			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, 2017	$	(1,296)	$	14,235	$	(3,760)	$	(21,298)	$	(12,119)
Other comprehensive income (loss) before reclassifications		—		584		—		14,739		15,323
Amounts reclassified from accumulated other comprehensive income (loss)		187		1,341		62		—		1,590
Net other comprehensive income (loss)		187		1,925		62		14,739		16,913
As of June 30, 2017	$	(1,109)	$	16,160	$	(3,698)	$	(6,559)	$	4,794

(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,
		2017		2016		2017		2016
	(In thousands)
Interest expense		$	153	$	153	$	306	$	306
General and administrative expenses			50		294		100		468
Other expense (income), net			1,341		—		1,341		—
Total income (loss) from continuing operations before income tax			(1,544)		(447)		(1,747)		(774)
Tax expense (benefit)			(78)		(171)		(157)		(300)
Reclassification adjustment for (gains)/ losses included in net income (loss)		$	(1,466)	$	(276)	$	(1,590)	$	(474)