XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended 12 Months Ended
Feb. 10, 2016
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue                
Contract drilling services   $ 40,901   $ 64,960        
Management fees   1,712   2,671        
Reimbursables   5,898   10,666        
Total revenue   48,511   78,297        
Operating costs and expenses                
Operating costs   34,965   62,404        
General and administrative   8,695   17,863        
Depreciation   18,381   30,457        
Total operating costs and expenses   62,041   110,724        
Income (loss) from operations   (13,530)   (32,427)        
Other income (expense)                
Interest income   9   15        
Interest expense and other financing charges   (18,772)   (29,422)        
Other, net   (1,516)   318        
Reorganization items   (487)   (641)        
Total other income (expense)   (20,766)   (29,730)        
Income (loss) before income taxes   (34,296)   (62,157)        
Income tax provision   1,438   2,605        
Net income (loss)   (35,734)   (64,762)        
Net income (loss) attributable to VDI   $ (35,734)   $ (64,762)        
Net loss per share, basic and diluted   $ (7.15)   $ (12.95)        
Weighted average successor shares outstanding, basic and diluted   5,000   5,000        
Predecessor                
Revenue                
Contract drilling services $ 20,891   $ 202,888   $ 410,869 $ 726,717 $ 807,164 $ 666,129
Management fees 752   1,902   3,783 7,501 21,258 14,123
Reimbursables 1,897   9,593   20,252 38,047 54,482 48,004
Total revenue 23,540   214,383   434,904 772,265 882,904 728,256
Operating costs and expenses                
Operating costs 25,213   94,709   190,059 359,610 405,697 324,767
General and administrative 2,558   6,701   12,691 25,322 25,390 22,714
Depreciation 10,696   31,781   63,404 127,359 126,610 106,609
Total operating costs and expenses 38,467   133,191   266,154 512,291 557,697 454,090
Income (loss) from operations (14,927)   81,192   168,750 259,974 325,207 274,166
Other income (expense)                
Interest income 3   13   25 84 70 234
Interest expense and other financing charges (1,728)   (45,908)   (92,027) (173,634) (196,159) (198,779)
Gain (loss) on debt extinguishment     (2)   10,823 10,823 4,408 (98,327)
Other, net (69)   1,971   1,820 4,231 (596) 3,010
Reorganization items (452,923)         (39,354)    
Total other income (expense) (454,717)   (43,926)   (79,359) (197,850) (192,277) (293,862)
Income (loss) before income taxes (469,644)   37,266   89,391 62,124 132,930 (19,696)
Income tax provision 2,371   8,862   38,151 39,870 39,817 27,921
Net income (loss) (472,015)   28,404   51,240 22,254 93,113 (47,617)
Net income (loss) attributable to noncontrolling interests (969)   477   667 5,036 257 (463)
Net income (loss) attributable to VDI $ (471,046)   $ 27,927   $ 50,573 $ 17,218 $ 92,856 $ (47,154)