XML 76 R60.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions - 2017 Acquisitions (Details) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 03, 2018
Dec. 15, 2017
Sep. 05, 2017
Dec. 31, 2017
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Acquisitions                              
Cash paid for acquisitions of businesses                         $ 25,000,000 $ 51,664,000 $ 22,278,000
Goodwill       $ 173,226,000 $ 183,914,000       $ 173,226,000       183,914,000 173,226,000 166,917,000
Liabilities:                              
Net income (loss)         $ (183,418,000) $ (114,577,000) $ (198,752,000) $ (144,201,000) $ (116,344,000) $ (148,532,000) $ (132,951,000) $ (148,984,000) $ (640,948,000) (546,811,000) (1,029,742,000)
Stavanger Based Robotic Drilling Systems AS                              
Acquisitions                              
Cash paid for acquisitions of businesses     $ 50,700,000                        
Recorded intangible assets     53,300,000                        
Goodwill     5,700,000                        
Other liabilities     7,300,000                        
Liabilities:                              
Other long-term liabilities     7,300,000                        
Stavanger Based Robotic Drilling Systems AS | Developed Technology                              
Acquisitions                              
Recorded intangible assets     $ 20,800,000                        
Estimated Useful Life     10 years                        
Stavanger Based Robotic Drilling Systems AS | In Process Research and Development                              
Acquisitions                              
Recorded intangible assets     $ 32,500,000                        
PetroMar Technologies                              
Acquisitions                              
Cash paid for acquisitions of businesses $ 25,000,000                            
Recorded intangible assets 36,200,000                            
Goodwill 11,400,000                            
Other liabilities 22,600,000                            
Liabilities:                              
Other long-term liabilities 22,600,000                            
PetroMar Technologies | Developed Technology                              
Acquisitions                              
Recorded intangible assets 13,700,000                            
PetroMar Technologies | Trade Names                              
Acquisitions                              
Recorded intangible assets 800,000                            
PetroMar Technologies | In Process Research and Development                              
Acquisitions                              
Recorded intangible assets $ 21,700,000                            
Tesco Corporation                              
Acquisitions                              
Fair value of common shares issued   $ 179,000,000                          
Other liabilities   2,436,000                          
Assets:                              
Cash and cash equivalents   59,804,000                          
Accounts receivable   40,465,000                          
Inventory   44,525,000                          
Other current assets   13,889,000                          
Property, plant and equipment, net   68,591,000                          
Other long-term assets   3,647,000                          
Total assets   230,921,000                          
Liabilities:                              
Accounts payable   14,111,000                          
Accrued liabilities   35,383,000                          
Other long-term liabilities   2,436,000                          
Total liabilities   51,930,000                          
Net assets acquired   $ 178,991,000                          
Operating revenues       7,700,000                   2,717,933,000 2,362,576,000
Net income (loss)       100,000                      
Business Acquisition, Pro Forma Information                              
Operating revenues       $ 7,700,000                   2,717,933,000 2,362,576,000
Income (loss) from continuing operations, net of tax                           $ (554,235,000) $ (1,129,172,000)
Income (loss) from continuing operations per share - basic                           $ (1.75) $ (3.59)
Income (loss) from continuing operations per share - diluted                           $ (1.75) $ (3.59)
Common Shares | Tesco Corporation                              
Acquisitions                              
Number of shares of Nabors stock exchanged per share of acquiree stock   0.68                          
Number of common shares to be issued   32,100,000