Supplemental Balance Sheet and Income Statement Information

9 Months Ended

Sep. 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:

	September 30,		December 31,
	2022		2021
	(In thousands)
Accrued compensation	$	74,867	$	51,993
Deferred revenue and proceeds on insurance and asset sales		39,977		59,816
Other taxes payable		37,697		34,333
Workers’ compensation liabilities		6,588		6,588
Interest payable		55,722		71,814
Litigation reserves		17,676		14,939
Other accrued liabilities		9,368		7,688
	$	241,895	$	247,171

Investment income (loss) includes the following:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	(In thousands)
Interest and dividend income	$	4,814	$	211	$	6,535	$	1,214
Gains (losses) on marketable securities		(1)		(11)		(737)		187
	$	4,813	$	200	$	5,798	$	1,401

Other, net included the following:

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2022		2021		2022		2021
	(In thousands)
Losses (gains) on sales, disposals and involuntary conversions of long-lived assets		$	4,650	$	(168)	$	1,129	$	17,320
Purchase of technology			—		14,733		—		14,733
Warrant and derivative valuation			(34,049)		—		59,684		—
Impairment of Canada Drilling assets			—		545		—		58,545
Litigation expenses and reserves			4,335		2,603		12,463		5,944
Foreign currency transaction losses (gains)			(877)		867		(4,054)		3,394
(Gain) loss on debt buyback			(1,259)		(2,521)		(3,236)		(10,706)
Other losses (gains)			1,246		6,699		2,989		7,329
		$	(25,954)	$	22,758	$	68,975	$	96,559

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)		2,032		132
Amounts reclassified from accumulated other comprehensive income (loss)		—		120		—		120
Net other comprehensive income (loss)		—		(1,780)		2,032		252
As of September 30, 2021	$	2	$	(5,396)	$	(5,478)	$	(10,872)

(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		(2,481)		(1,053)
Amounts reclassified from accumulated other comprehensive income (loss)		—		120		—		120
Net other comprehensive income (loss)		—		1,548		(2,481)		(933)
As of September 30, 2022	$	2	$	(3,808)	$	(7,761)	$	(11,567)

(1) All amounts are net of tax.

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

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2022		2021		2022		2021
	(In thousands)
General and administrative expenses		$	52	$	52	$	156	$	156
Total income (loss) from continuing operations before income tax			(52)		(52)		(156)		(156)
Tax expense (benefit)			(12)		(12)		(36)		(36)
Reclassification adjustment for (gains)/ losses included in net income (loss)		$	(40)	$	(40)	$	(120)	$	(120)