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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues and other income:        
Operating revenues $ 761,920 $ 631,355 $ 1,496,114 $ 1,193,905
Earnings (losses) from unconsolidated affiliates (1)   1 2
Investment income (loss) (3,164) (886) (2,699) (165)
Total revenues and other income 758,755 630,469 1,493,416 1,193,742
Costs and other deductions:        
Direct costs 493,975 417,521 969,378 805,165
General and administrative expenses 67,823 63,695 142,394 127,104
Research and engineering 12,439 11,343 28,245 23,100
Depreciation and amortization 218,262 208,090 431,710 411,762
Interest expense 60,592 54,688 121,978 111,206
Other, net 77,601 10,104 91,690 23,614
Total costs and other deductions 930,692 765,441 1,785,395 1,501,951
Income (loss) from continuing operations before income taxes (171,937) (134,972) (291,979) (308,209)
Income tax expense (benefit):        
Current 3,464 14,313 12,235 37,002
Deferred 19,814 (33,809) 34,588 (82,107)
Total income tax expense (benefit) 23,278 (19,496) 46,823 (45,105)
Income (loss) from continuing operations, net of tax (195,215) (115,476) (338,802) (263,104)
Income (loss) from discontinued operations, net of tax (584) (15,504) (659) (15,943)
Net income (loss) (195,799) (130,980) (339,461) (279,047)
Less: Net (income) loss attributable to noncontrolling interest (2,953) (1,971) (3,492) (2,888)
Net income (loss) attributable to Nabors (198,752) (132,951) (342,953) (281,935)
Less: Preferred stock dividend (3,680)   (3,680)  
Net income (loss) attributable to Nabors common shareholders (202,432) (132,951) (346,633) (281,935)
Amounts attributable to Nabors common shareholders:        
Net income (loss) from continuing operations (201,848) (117,447) (345,974) (265,992)
Net income (loss) from discontinued operations (584) (15,504) (659) (15,943)
Net income (loss) attributable to Nabors common shareholders $ (202,432) $ (132,951) $ (346,633) $ (281,935)
Earnings (losses) per share:        
Basic from continuing operations (in dollars per share) $ (0.61) $ (0.41) $ (1.08) $ (0.93)
Basic from discontinued operations (in dollars per share)   (0.05)   (0.06)
Total Basic (in dollars per share) (0.61) (0.46) (1.08) (0.99)
Diluted from continuing operations (in dollars per share) (0.61) (0.41) (1.08) (0.93)
Diluted from discontinued operations (in dollars per share)   (0.05)   (0.06)
Total Diluted (in dollars per share) $ (0.61) $ (0.46) $ (1.08) $ (0.99)
Weighted-average number of common shares outstanding:        
Basic (in shares) 328,372 278,916 318,580 278,348
Diluted (in shares) 328,372 278,916 318,580 278,348
Dividends declared per common share (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.12