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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Contract drilling $ 443,523 $ 599,577
Revenues related to reimbursable expenses 27,020 20,479
Total revenues 470,543 620,056
Operating expenses:    
Contract drilling, excluding depreciation 212,841 350,658
Reimbursable expenses 26,791 20,092
Depreciation 104,240 137,299
General and administrative 15,398 17,452
Impairment of assets   358,528
Restructuring and separation costs   6,168
Gain on disposition of assets (296) (611)
Total operating expenses 358,974 889,586
Operating income (loss) 111,569 (269,530)
Other income (expense):    
Interest income 173 583
Interest expense, net of amounts capitalized (25,516) (23,982)
Foreign currency transaction (loss) gain (3,608) 5,590
Other, net 578 221
Income (loss) before income tax benefit 83,196 (287,118)
Income tax benefit 4,229 31,409
Net income (loss) $ 87,425 $ (255,709)
Earnings (loss) per share, Basic and Diluted $ 0.64 $ (1.86)
Weighted-average shares outstanding:    
Shares of common stock 137,162 137,151
Dilutive potential shares of common stock 44  
Total weighted-average shares outstanding 137,206 137,151
Cash dividends declared per share of common stock   $ 0.125