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Impairments and Other Charges (Tables)
 12 Months Ended
Dec. 31, 2018
Impairments and Other Charges  
Schedule of impairments and other charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

    

2018

    

2017

    

2016

 

 

 

(In thousands)

 

Tangible Assets & Equipment:

 

 

 

 

 

 

 

 

 

 

Provision for retirement of assets

 

$

14,617

 

$

 —

 

$

69,072

 

Impairment of long-lived assets

 

 

45,570

 

 

6,895

 

 

216,355

 

Subtotal

 

 

60,187

 

 

6,895

 

 

285,427

 

 

 

 

 

 

 

 

 

 

 

 

Other Charges:

 

 

 

 

 

 

 

 

 

 

Other-than-temporary impairment

 

 

 —

 

 

 —

 

 

219,737

 

Divestiture of International assets

 

 

64,668

 

 

 —

 

 

 —

 

Transaction related costs

 

 

14,323

 

 

21,628

 

 

 —

 

Loss (gain) on early extinguishment of debt

 

 

5,268

 

 

16,013

 

 

(6,665)

 

Total

 

$

144,446

 

$

44,536

 

$

498,499

 

 

Schedule of retirement and impairment charges for tangible assets

The following table summarizes the 2016 retirement and impairment charges for tangible assets and equipment by reportable operating segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for

 

Tangible Asset

 

 

 

 

 

    

Retirements

    

Impairments

    

Total

 

 

 

(In thousands)

 

U.S. Drilling

 

$

25,365

 

$

163,182

 

$

188,547

 

Canada Drilling

 

 

19,573

 

 

1,125

 

 

20,698

 

International Drilling

 

 

23,275

 

 

12,721

 

 

35,996

 

Drilling Solutions

 

 

859

 

 

 —

 

 

859

 

Rig Technologies

 

 

 —

 

 

15,343

 

 

15,343

 

Other

 

 

 —

 

 

23,984

 

 

23,984

 

Total

 

$

69,072

 

$

216,355

 

$

285,427