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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 252,886 $ 281,563 $ 527,496 $ 513,584
Operating expenses:        
Depreciation 31,698 27,906 63,052 55,812
General and administrative 23,219 16,824 41,796 36,409
Gain on disposition of assets (7,106) (1,933) (3,710) (3,146)
Total operating expenses 224,605 271,323 477,402 508,303
Operating income 28,281 10,240 50,094 5,281
Other income (expense):        
Interest income 1,966 5 3,740 12
Interest expense, net of amounts capitalized (15,061) (12,755) (30,407) (24,795)
Foreign currency transaction gain (loss) (13) (1,968) 218 (3,239)
Other, net 1,605 136 1,534 (17)
Income (loss) before income tax (expense) benefit 16,778 (4,342) 25,179 (22,758)
Income tax (expense) benefit (7,451) 243,125 (4,240) 268,770
Net income $ 9,327 $ 238,783 $ 20,939 $ 246,012
Earnings per share, Basic $ 0.09 $ 2.35 $ 0.2 $ 2.43
Earnings per share, Diluted $ 0.09 $ 2.29 $ 0.2 $ 2.36
Weighted-average shares outstanding, Basic 102,542 101,487 102,491 101,409
Weighted-average shares outstanding, Diluted 105,088 104,236 104,927 104,091
Contract Drilling [Member]        
Revenues:        
Total revenues $ 240,229 $ 264,990 $ 498,999 $ 479,373
Operating expenses:        
Contract drilling, excluding depreciation 164,461 212,947 348,665 386,436
Reimbursable Expenses [Member]        
Revenues:        
Total revenues 12,657 16,573 28,497 34,211
Operating expenses:        
Contract drilling, excluding depreciation $ 12,333 $ 15,579 $ 27,599 $ 32,792