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Supplemental Balance Sheet, Income Statement and Cash Flow Information (Tables)
 9 Months Ended
Sep. 30, 2017
Supplemental Balance Sheet, Income Statement and Cash Flow Information  
Accrued liabilities

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Accrued compensation

 

$

112,277

 

$

116,775

 

Deferred revenue

 

 

241,812

 

 

255,626

 

Other taxes payable

 

 

25,306

 

 

16,419

 

Workers’ compensation liabilities

 

 

18,255

 

 

18,255

 

Interest payable

 

 

21,187

 

 

57,233

 

Litigation reserves

 

 

19,675

 

 

24,896

 

Current liability to discontinued operations

 

 

6,063

 

 

5,462

 

Dividends declared and payable

 

 

17,153

 

 

17,039

 

Other accrued liabilities

 

 

23,619

 

 

31,543

 

 

 

$

485,347

 

$
543,248

 

 

Other, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

    

September 30,

 

September 30,

 

 

 

    

2017

    

2016

    

2017

    

2016

 

 

(In thousands)

Losses (gains) on sales, disposals and involuntary conversions of long-lived assets

 

 

$

10,009

 

$

6,546

 

$

10,142

 

$

40,527

(1)

Other-than-temporary impairment of equity security (2)

 

 

 

 —

 

 

3,495

 

 

 —

 

 

3,495

 

Charges related to our CJES holdings (3)

 

 

 

 —

 

 

 —

 

 

 —

 

 

220,117

 

Provision for International operations (4)

 

 

 

 —

 

 

1,128

 

 

 —

 

 

1,128

 

Litigation expenses and reserves

 

 

 

(2,387)

 

 

2,327

 

 

(777)

 

 

2,651

 

Foreign currency transaction losses (gains)

 

 

 

(763)

 

 

(1,102)

 

 

1,727

 

 

5,916

 

(Gain) loss on debt buyback

 

 

 

69

 

 

(680)

 

 

16,013

 

 

(6,707)

 

Other losses (gains)

 

 

 

(1,369)

 

 

(1,322)

 

 

2,068

 

 

276

 

 

 

 

$

5,559

 

$

10,392

 

$

29,173

 

$

267,403

 

(1)

Includes charges of $22.4 million for the nine months ended September 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 an other-than-temporary impairment charge related to an equity security. Because the trading price of this security remained below our cost basis for an extended period, we determined the investment was other than temporarily impaired and it was appropriate to write down the investment’s carrying value to its current estimated fair value.

 

(3)

Represents impairment charges related to our CJES holdings. See Note 4 — Investments in Unconsolidated Affiliates.

 

(4)

Represents an obligation associated with the decision to exit a non-core business line in the region of $1.1 million for each of the three and nine months ended September 30, 2016.
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

 

 

—

 

 

3,551

 

 

 —

 

 

27,870

 

 

31,421

 

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

472

 

 

3,495

 

 

280

 

 

 —

 

 

4,247

 

Net other comprehensive income (loss)

 

 

472

 

 

7,046

 

 

280

 

 

27,870

 

 

35,668

 

As of September 30, 2016

 

$

(1,198)

 

$

6,732

 

$

(6,288)

 

$

(11,171)

 

$

(11,925)

 

(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

 

 

 —

 

 

(5,122)

 

 

 —

 

 

31,183

 

 

26,061

 

Amounts reclassified from accumulated other comprehensive income (loss)

 

 

281

 

 

1,341

 

 

93

 

 

 —

 

 

1,715

 

Net other comprehensive income (loss)

 

 

281

 

 

(3,781)

 

 

93

 

 

31,183

 

 

27,776

 

As of September 30, 2017

 

$

(1,015)

 

$

10,454

 

$

(3,667)

 

$

9,885

 

$

15,657

 

(1)

All amounts are net of tax.
Schedule of line items that were reclassified from net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

    

September 30,

 

September 30,

 

 

 

    

2017

    

2016

    

2017

    

2016

 

 

(In thousands)

Interest expense

 

 

$

153

 

$

153

 

$

459

 

$

459

 

General and administrative expenses

 

 

 

50

 

 

297

 

 

150

 

 

765

 

Other expense (income), net

 

 

 

 —

 

 

3,495

 

 

1,341

 

 

3,495

 

Total income (loss) from continuing operations before income tax

 

 

 

(203)

 

 

(3,945)

 

 

(1,950)

 

 

(4,719)

 

Tax expense (benefit)

 

 

 

(78)

 

 

(172)

 

 

(235)

 

 

(472)

 

Reclassification adjustment for (gains)/ losses included in net income (loss)

 

 

$

(125)

 

$

(3,773)

 

$

(1,715)

 

$

(4,247)