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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues $ 186,239 $ 134,817
Operating expenses:    
Depreciation 26,952 74,626
General and administrative 16,732 12,366
Impairment of assets 0 197,027
Gain on disposition of assets (4,044) (5,401)
Total operating expenses 220,155 432,028
Operating loss (33,916) (297,211)
Other income (expense):    
Interest income 1 30
Interest expense, net of amounts capitalized (excludes $28,266 of contractual interest expense on debt subject to compromise for the Predecessor three-month period ended March 31, 2021) (8,325) (32,562)
Foreign currency transaction (loss) gain (2,129) 625
Reorganization items, net 0 (35,252)
Other, net 1,362 489
Loss before income tax benefit (43,007) (363,881)
Income tax benefit 8,653 2,200
Net loss $ (34,354) $ (361,681)
Loss per share, Basic and Diluted $ (0.34) $ (2.62)
Weighted-average shares outstanding, Basic and Diluted 100,075 138,054
Contract Drilling [Member]    
Revenues:    
Total revenues $ 150,252 $ 122,553
Operating expenses:    
Contract drilling, excluding depreciation 144,902 141,573
Reimbursable Expenses [Member]    
Revenues:    
Total revenues 35,987 12,264
Operating expenses:    
Contract drilling, excluding depreciation $ 35,613 $ 11,837