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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 274,610 $ 232,021
Operating expenses:    
Depreciation 31,354 27,906
General and administrative 18,576 19,585
Loss (gain) on disposition of assets 3,396 (1,213)
Total operating expenses 252,797 236,981
Operating income (loss) 21,813 (4,960)
Other income (expense):    
Interest income 1,774 7
Interest expense, net of amounts capitalized (15,346) (12,040)
Foreign currency transaction gain (loss) 231 (1,271)
Other, net (71) (152)
Income (loss) before income tax benefit 8,401 (18,416)
Income tax benefit 3,211 25,645
Net income $ 11,612 $ 7,229
Earnings per share, Basic $ 0.11 $ 0.07
Earnings per share, Diluted $ 0.11 $ 0.07
Weighted-average shares outstanding, Basic 102,440 101,331
Weighted-average shares outstanding, Diluted 104,740 103,936
Contract Drilling [Member]    
Revenues:    
Total revenues $ 258,770 $ 214,383
Operating expenses:    
Contract drilling, excluding depreciation 184,205 173,490
Reimbursable Expenses [Member]    
Revenues:    
Total revenues 15,840 17,638
Operating expenses:    
Contract drilling, excluding depreciation $ 15,266 $ 17,213