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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Apr. 23, 2021
Sep. 30, 2021
Sep. 30, 2022
Revenues:          
Total revenues $ 226,073 $ 213,877 $ 169,379 $ 328,788 $ 618,014
Operating expenses:          
Depreciation 26,069 25,150 92,758 43,885 78,714
General and administrative 16,320 20,976 15,036 37,193 52,805
Impairment of assets     197,027 0 0
Gain on disposition of assets (73) (767) (5,486) (943) (4,802)
Total operating expenses 233,648 210,613 496,438 352,672 669,268
Operating (loss) income (7,575) 3,264 (327,059) (23,884) (51,254)
Other income (expense):          
Interest income 11 2 30 3 12
Interest expense, net of amounts capitalized (10,364) (9,777) (34,827) (16,874) (28,792)
Foreign currency transaction gain 237 1,173 (172) 259 (285)
Reorganization items, net 0 (1,916) (1,639,763) (7,454) 0
Other, net 172 (14) 398 10,692 1,487
Loss before income tax benefit (expense) (17,519) (7,268) (2,001,393) (37,258) (78,832)
Income tax benefit (expense) 23,029 2,086 39,404 (15,217) 28,059
Net income (loss) $ 5,510 $ (5,182) $ (1,961,989) $ (52,475) $ (50,773)
Income (loss) per share, Basic $ 0.05 $ (0.05) $ (14.21) $ (0.52) $ (0.51)
Income (loss) per share, Diluted $ 0.05 $ (0.05) $ (14.21) $ (0.52) $ (0.51)
Weighted-average shares outstanding, Basic 100,875 100,075 138,054 100,068 100,356
Weighted-average shares outstanding, Diluted 102,273 100,075 138,054 100,068 100,356
Contract Drilling [Member]          
Revenues:          
Total revenues $ 189,861 $ 183,156 $ 153,364 $ 281,189 $ 516,992
Operating expenses:          
Contract drilling, excluding depreciation 155,567 135,181 181,626 225,892 442,619
Reimbursable Expenses [Member]          
Revenues:          
Total revenues 36,212 30,721 16,015 47,599 101,022
Operating expenses:          
Contract drilling, excluding depreciation $ 35,765 $ 30,073 $ 15,477 $ 46,645 $ 99,932