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Consolidated Condensed Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
International Drilling$ 51,352$ 53,614$ 136,107$ 170,421
U.S. Drilling28,89514,92970,87645,352
Rental Tools62,38848,114173,197123,288
Project Management and Engineering Services33,95427,599115,76278,403
Construction Contract 27,7739,63868,695
Total revenues176,589172,029505,580486,159
Operating expenses:    
International Drilling36,77551,312105,378137,908
U.S. Drilling17,42913,28748,30739,801
Rental Tools18,68216,58354,53943,477
Project Management and Engineering Services26,02620,37893,65161,640
Construction Contract 28,1228,86769,362
Depreciation and amortization27,58128,90482,51186,504
Total operating expenses126,493158,586393,253438,692
Total operating gross margin50,09613,443112,32747,467
General and administration expense(8,760)(7,064)(23,742)(24,033)
Gain on disposition of assets, net6231,1761,9933,560
Total operating income (loss)41,9597,55590,57826,994
Other income and (expense):    
Interest expense(5,591)(6,391)(17,208)(20,509)
Interest income2946208198
Loss on fair value of derivative contracts(49) (186) 
Loss on extinguishment of debt   (7,209)
Other(657)68(522)325
Total other expense(6,268)(6,277)(17,708)(27,195)
Income (loss) before income taxes35,6911,27872,870(201)
Income tax expense (benefit):    
Current2,500(3,104)13,6095,536
Deferred12,5423,89019,736(4,685)
Total income tax expense (benefit)15,04278633,345851
Net income (loss)20,64949239,525(1,052)
Less: Net (loss) attributable to noncontrolling interest(76) (202) 
Net income (loss) attributable to controlling interest$ 20,725$ 492$ 39,727$ (1,052)
Basic earnings (loss) per share:    
Net income (loss)$ 0.18$ 0$ 0.34$ (0.01)
Diluted earnings (loss) per share:    
Net income (loss)$ 0.18$ 0$ 0.34$ (0.01)
Weighted average shares outstanding:    
Basic116,416,011114,507,431115,899,959114,111,198
Diluted117,425,764116,235,867116,912,367114,111,198