Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Amounts Recognized in our Consolidated Statements of Operations Related to our FOREX Contracts Designated as Accounting Hedges

The following table presents the aggregate amount of loss recognized in our Consolidated Statements of Operations related to our FOREX contracts designated as accounting hedges for the three-month and nine-month periods ended September 30, 2013 and 2012.

	Three Months Ended September 30,						Nine Months Ended September 30,
Location of Loss Recognized in Income	2013			2012			2013			2012
	(In thousands)
Contract drilling expense	$	(5,018	)	$	(2,715	)	$	(2,246	)	$	(5,692	)

Fair Values of our Derivative Financial Instruments

The following table presents the fair values of our derivative FOREX contracts designated as hedging instruments at September 30, 2013 and December 31, 2012.

	Fair Value				Balance Sheet Location	Fair Value
Balance Sheet Location	September 30, 2013		December 31, 2012			September 30, 2013			December 31, 2012
	(In thousands)					(In thousands)
Prepaid expenses and other current assets	$	3,272	$	3,627	Accrued liabilities	$	(4,304	)	$	(29	)

Amounts Recognized in our Consolidated Balance Sheets and Consolidated Statements of Operations Related to our FOREX Contracts Designated as Cash Flow Hedges

The following table presents the amounts recognized in our Consolidated Balance Sheets and Consolidated Statements of Operations related to our FOREX contracts designated as cash flow hedges for the three-month and nine-month periods ended September 30, 2013 and 2012.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(In thousands)
Amount of gain (loss) recognized in AOCGL on derivative (effective portion)	$	2,486		$	1,720		$	(7,539	)	$	6,191
Location of loss reclassified from AOCGL into income (effective portion)		Contract drilling expense			Contract drilling expense			Contract drilling expense			Contract drilling expense
Amount of loss reclassified from AOCGL into income (effective portion)	$	(5,572	)	$	(2,873	)	$	(2,951	)	$	(5,300	)
Location of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)		Foreign currency transaction gain (loss)			Foreign currency transaction gain (loss)			Foreign currency transaction gain (loss)			Foreign currency transaction gain (loss)
Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	$	59		$	—		$	(59	)	$	(39	)