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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 281,563 $ 205,702 $ 513,584 $ 391,941
Operating expenses:        
Depreciation 27,906 25,693 55,812 52,645
General and administrative 16,824 19,753 36,409 36,485
Gain on disposition of assets (1,933) (685) (3,146) (4,729)
Total operating expenses 271,323 215,465 508,303 435,620
Operating income (loss) 10,240 (9,763) 5,281 (43,679)
Other income (expense):        
Interest income 5 0 12 1
Interest expense, net of amounts capitalized (12,755) (10,103) (24,795) (18,428)
Foreign currency transaction (loss) gain (1,968) 1,607 (3,239) (522)
Other, net 136 (47) (17) 1,315
Loss before income tax benefit (expense) (4,342) (18,306) (22,758) (61,313)
Income tax benefit (expense) 243,125 (3,623) 268,770 5,030
Net income (loss) $ 238,783 $ (21,929) $ 246,012 $ (56,283)
Earnings (loss) per share, Basic $ 2.35 $ (0.22) $ 2.43 $ (0.56)
Earnings (loss) per share, Diluted $ 2.29 $ (0.22) $ 2.36 $ (0.56)
Weighted-average shares outstanding, Basic 101,487 100,108 101,409 100,092
Weighted-average shares outstanding, Diluted 104,236 100,108 104,091 100,092
Contract Drilling [Member]        
Revenues:        
Total revenues $ 264,990 $ 176,879 $ 479,373 $ 327,131
Operating expenses:        
Contract drilling, excluding depreciation 212,947 142,150 386,436 287,052
Reimbursable Expenses [Member]        
Revenues:        
Total revenues 16,573 28,823 34,211 64,810
Operating expenses:        
Contract drilling, excluding depreciation $ 15,579 $ 28,554 $ 32,792 $ 64,167