XML 34 R24.htm IDEA: XBRL DOCUMENT v3.19.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2019
Summary of Significant Accounting Policies  
Inventory

​

​

​

​

​

​

​

​

​

​

​

June 30,

​

December 31,

​

​

    

2019

    

2018

 

​

​

(In thousands)

 

Raw materials

​

$

130,904

​

$

116,840

​

Work-in-progress

​

 

14,452

​

 

20,329

​

Finished goods

​

 

33,011

​

 

28,418

​

​

​

$

178,367

​

$

165,587

​

Change in the carrying amount of goodwill for various contract drilling segments and other operating segments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

​

​

    

​

​

    

​

​

    

​

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

​

​

Balance at

​

Disposals

​

Cumulative

​

​

​

Balance at

 

​

​

December 31,

​

and

​

Translation

​

Other

​

June 30,

 

​

​

2018

​

Impairments

​

Adjustment

​

Adjustment

​

2019

 

​

​

(In thousands)

 

U.S. Drilling

​

$

50,149

​

$

—

​

$

—

​

$

2,054

​

$

52,203

​

International Drilling

​

​

75,634

​

​

(75,634)

(1)

​

—

​

​

—

​

​

—

​

Drilling Solutions

​

 

11,436

​

 

—

​

 

—

​

 

—

​

 

11,436

​

Rig Technologies

​

 

46,695

​

 

(18,000)

(1)

 

365

​

 

(2,054)

​

 

27,006

​

Total

​

$

183,914

​

$

(93,634)

​

$

365

​

$

—

​

$

90,645

​

(1)As part of our annual review during the second quarter of 2019, we determined the carrying value of some of our reporting units exceeded their fair value. As such, we recognized a goodwill impairment of $93.6 million. See Note 9—Impairments and Other Charges.