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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2017
Business Acquisition [Line Items]  
Schedule of unaudited supplemental pro forma results present consolidated information

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31,

 

(In thousands, except per share amounts)

    

2017

    

2016

 

Operating revenues

 

$

2,717,933

 

$

2,362,576

 

Income (loss) from continuing operations, net of tax

 

 

(554,235)

 

 

(1,129,172)

 

Income (loss) from continuing operations per share - basic

 

$

(1.75)

 

$

(3.59)

 

Income (loss) from continuing operations per share - diluted

 

$

(1.75)

 

$

(3.59)

 

 

Tesco Corporation  
Business Acquisition [Line Items]  
Allocation of purchase price as of the acquisition date

 

 

 

 

 

 

    

Fair Value

 

(In thousands)

 

at Acquisition

 

Assets:

 

 

 

 

Cash and cash equivalents

 

$

59,804

 

Accounts receivable

 

 

41,565

 

Inventory

 

 

44,525

 

Other current assets

 

 

13,889

 

Property, plant and equipment

 

 

61,650

 

Other long-term assets

 

 

3,647

 

Total assets

 

 

225,080

 

Liabilities:

 

 

 

 

Accounts payable

 

$

14,111

 

Accrued liabilities

 

 

29,542

 

Other long-term liabilities

 

 

2,436

 

Total liabilities

 

 

46,089

 

Net assets acquired

 

$

178,991

 

 

Joint Venture in Saudi Arabia  
Business Acquisition [Line Items]  
Allocation of purchase price as of the acquisition date

 

 

 

 

 

 

    

Fair Value

 

(In thousands)

 

at Acquisition

 

Assets:

 

 

 

 

Cash

 

$

48,058

 

Accounts receivable

 

 

153,819

 

Other current assets

 

 

58,021

 

Property, plant and equipment, net

 

 

89,643

 

Intangible assets

 

 

28,784

 

Goodwill

 

 

75,634

 

Other long-term assets

 

 

7,709

 

Total assets

 

 

461,668

 

Liabilities:

 

 

 

 

Accounts payable

 

$

206,599

 

Accrued liabilities

 

 

74,393

 

Intangible liability

 

 

13,472

 

Deferred tax liability

 

 

4,823

 

Other long-term liabilities

 

 

9,400

 

Total liabilities

 

 

308,687

 

Net assets acquired

 

$

152,981