Supplemental Balance Sheet and Income Statement Information (Tables)

6 Months Ended

Jun. 30, 2018

Supplemental Balance Sheet and Income Statement Information

Accrued liabilities

	June 30,		December 31,
	2018		2017
	(In thousands)
Accrued compensation	$	115,874	$	130,970
Deferred revenue		190,296		218,370
Other taxes payable		27,148		32,095
Workers’ compensation liabilities		13,987		13,987
Interest payable		76,719		65,642
Litigation reserves		25,265		18,830
Current liability to discontinued operations		5,457		6,074
Dividends declared and payable		25,141		17,148
Other accrued liabilities		12,900		29,928
	$	492,787	$	533,044

Schedule of investment income (loss)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
	(In thousands)
Interest and dividend income	$	1,136	$	397	$	2,326	$	1,140
Gains (losses) on marketable securities		(4,246)		(1,341)		(4,967)		(1,341)
Gains (losses) on non-marketable securities		(54)		58		(58)		36
	$	(3,164)	$	(886)	$	(2,699)	$	(165)

Other, net

		Three Months Ended					Six Months Ended
		June 30,					June 30,
		2018			2017		2018			2017
	(In thousands)
Losses (gains) on sales, disposals and involuntary conversions of long-lived assets		$	67,320	(1)	$	(2,742)	$	69,577	(1)	$	133
Transaction related costs (2)			5,894			1,929		12,938			1,929
Litigation expenses and reserves			4,677			789		8,277			1,610
Foreign currency transaction losses (gains)			3,758			1,614		6,280			2,490
(Gain) loss on debt buyback			—			7,348		—			15,944
Other losses (gains)			(4,048)			1,166		(5,382)			1,508
		$	77,601		$	10,104	$	91,690		$	23,614

(1) Includes a $63.7 million loss on the sale of three jackup rigs during the three and six months ended June 30, 2018.

(2) Represents transaction related costs, including professional fees, severances, facility closure costs and other cost rationalization items, primarily in connection with the acquisition of Tesco.

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, 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.

			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, 2018	$	(922)	$	9,144	$	(4,111)	$	7,074	$	11,185
Other comprehensive income (loss) before reclassifications		—		—		—		(14,913)		(14,913)
Amounts reclassified from accumulated other comprehensive income (loss)		216		—		83		—		299
Adoption of ASU No. 2016-01		—		(9,144)		—		—		(9,144)
Net other comprehensive income (loss)		216		(9,144)		83		(14,913)		(23,758)
As of June 30, 2018	$	(706)	$	—	$	(4,028)	$	(7,839)	$	(12,573)

(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,
		2018		2017		2018		2017
	(In thousands)
Interest expense		$	142	$	153	$	282	$	306
General and administrative expenses			54		50		108		100
Other expense (income), net			—		1,341		—		1,341
Total income (loss) from continuing operations before income tax			(196)		(1,544)		(390)		(1,747)
Tax expense (benefit)			(48)		(78)		(91)		(157)
Reclassification adjustment for (gains)/ losses included in net income (loss)		$	(148)	$	(1,466)	$	(299)	$	(1,590)