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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Contract drilling $ 38,910 $ 76,415 $ 128,343 $ 142,331
Revenue, Product and Service [Extensible List] us-gaap:OilAndGasServiceMember us-gaap:OilAndGasServiceMember us-gaap:OilAndGasServiceMember us-gaap:OilAndGasServiceMember
Costs and expenses        
Operating expenses $ 61,854 $ 52,254 $ 148,329 $ 104,550
General and administrative expenses 10,857 10,010 20,500 21,256
Depreciation and amortization expense 26,811 59,330 53,742 118,229
Loss from unconsolidated subsidiaries   700   2,024
Total costs and expenses 99,522 122,294 222,571 246,059
Operating loss (60,612) (45,879) (94,228) (103,728)
Other income (expense)        
Interest expense (26,607) (24,406) (51,734) (48,445)
Reorganization items (248) (878) (362) (1,881)
Interest income 520 1,665 1,327 3,637
Other income (expense) 1 (220) (212) (311)
Loss before income taxes (86,946) (69,718) (145,209) (150,728)
Income tax expense 452 3,868 3,152 6,837
Net loss $ (87,398) $ (73,586) $ (148,361) $ (157,565)
Loss per common share, basic (in dollars per share) $ (1.16) $ (0.98) $ (1.97) $ (2.10)
Weighted-average shares outstanding, basic 75,199 75,001 75,191 75,016
Loss per common share, diluted (in dollars per share) $ (1.16) $ (0.98) $ (1.97) $ (2.10)
Weighted-average shares outstanding, diluted 75,199 75,001 75,191 75,016