Supplemental Balance Sheet and Income Statement Information

6 Months Ended

Jun. 30, 2022

Supplemental Balance Sheet and Income Statement Information

Supplemental Balance Sheet and Income Statement Information

Note 10 Supplemental Balance Sheet and Income Statement Information

Accrued liabilities included the following:

	June 30,		December 31,
	2022		2021
	(In thousands)
Accrued compensation	$	67,219	$	51,993
Deferred revenue and proceeds on insurance and asset sales		27,525		59,816
Other taxes payable		32,665		34,333
Workers’ compensation liabilities		6,588		6,588
Interest payable		70,333		71,814
Litigation reserves		16,432		14,939
Other accrued liabilities		12,041		7,688
	$	232,803	$	247,171

Investment income (loss) includes the following:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(In thousands)
Interest and dividend income	$	1,324	$	(290)	$	1,721	$	1,003
Gains (losses) on marketable securities		(502)		228		(736)		198
	$	822	$	(62)	$	985	$	1,201

Other, net included the following:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2022		2021		2022		2021
	(In thousands)
Losses (gains) on sales, disposals and involuntary conversions of long-lived assets		$	(3,597)	$	8,965	$	(3,521)	$	17,488
Warrant and derivative valuation			21,981		—		93,733		—
Impairment of Canada Drilling assets			—		58,000		—		58,000
Litigation expenses and reserves			5,016		1,847		8,128		3,341
Foreign currency transaction losses (gains)			(7,391)		148		(3,177)		2,527
(Gain) loss on debt buyback			(2,013)		(123)		(1,977)		(8,185)
Other losses (gains)			532		(2,382)		1,743		630
		$	14,528	$	66,455	$	94,929	$	73,801

The changes in accumulated other comprehensive income (loss), by component, included the following:

	Gains		Defined
	(losses) on		benefit		Foreign
	cash flow		pension plan		currency
	hedges		items		items		Total
	(In thousands (1) )
As of January 1, 2021	$	2	$	(3,616)	$	(7,510)	$	(11,124)
Other comprehensive income (loss) before reclassifications		—		(1,900)		4,320		2,420
Amounts reclassified from accumulated other comprehensive income (loss)		—		80		—		80
Net other comprehensive income (loss)		—		(1,820)		4,320		2,500
As of June 30, 2021	$	2	$	(5,436)	$	(3,190)	$	(8,624)

(1) All amounts are net of tax.

	Gains		Defined
	(losses) on		benefit		Foreign
	cash flow		pension plan		currency
	hedges		items		items		Total
	(In thousands (1) )
As of January 1, 2022	$	2	$	(5,356)	$	(5,280)	$	(10,634)
Other comprehensive income (loss) before reclassifications		—		1,428		(830)		598
Amounts reclassified from accumulated other comprehensive income (loss)		—		80		—		80
Net other comprehensive income (loss)		—		1,508		(830)		678
As of June 30, 2022	$	2	$	(3,848)	$	(6,110)	$	(9,956)

(1) All amounts are net of tax.

The line items that were reclassified to net income included the following:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2022		2021		2022		2021
	(In thousands)
General and administrative expenses		$	52	$	52	$	104	$	104
Total income (loss) from continuing operations before income tax			(52)		(52)		(104)		(104)
Tax expense (benefit)			(12)		(12)		(24)		(24)
Reclassification adjustment for (gains)/ losses included in net income (loss)		$	(40)	$	(40)	$	(80)	$	(80)