Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The following table presents the aggregate amount of gain or loss recognized in our Consolidated Statements of Operations related to our FOREX contracts designated as hedging instruments for the years ended December 31, 2015, 2014 and 2013.

	Amount of Gain (Loss) Recognized in Income
	For the Years Ended December 31,
Location of Gain (Loss) Recognized in Income	2015			2014		2013
	(In thousands)
Contract drilling expense	$	(8,364	)	$	3,275	$	(6,501	)

Fair Values of FOREX Contracts Designated as Hedging Instruments

The following table presents the fair values of our derivative FOREX contracts designated as hedging instruments at December 31, 2015 and 2014.

Balance Sheet Location	Fair Value				Balance Sheet Location	Fair Value
	December 31, 2015		December 31, 2014			December 31, 2015		December 31, 2014
	(In thousands)					(In thousands)
Prepaid expenses and other current assets	$	—	$	—	Accrued liabilities	$	—	$	(5,439	)

Amounts Recognized in Consolidated Balance Sheets and Consolidated Statements of Operations Related to Derivative Financial Instruments 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 derivative financial instruments designated as cash flow hedges for the years ended December 31, 2015, 2014 and 2013.

	For the Year Ended December 31,
	2015			2014			2013
	(In thousands)
FOREX contracts:
Amount of (loss) gain recognized in AOCGL on derivative (effective portion)	$	(2,420	)	$	(2,281	)	$	(10,542	)
Location of (loss) gain reclassified from AOCGL into income (effective portion)		Contract drilling, excluding depreciation			Contract drilling, excluding depreciation			Contract drilling, excluding depreciation
Amount of (loss) gain reclassified from AOCGL into income (effective portion)	$	(7,829	)	$	3,650		$	(7,449	)
Location of 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)
Amount of loss recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	$	(1	)	$	(31	)	$	(104	)