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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Contract drilling $ 339,636 $ 599,036 $ 1,140,568 $ 1,816,055
Revenues related to reimbursable expenses 9,542 10,706 67,900 47,775
Total revenues 349,178 609,742 1,208,468 1,863,830
Operating expenses:        
Contract drilling, excluding depreciation 186,654 277,944 597,831 971,471
Reimbursable expenses 7,965 10,476 51,283 46,904
Depreciation 86,473 118,086 295,729 378,714
General and administrative 15,237 16,888 48,774 50,888
Impairment of assets   2,546 678,145 361,074
Restructuring and separation costs   1,574   8,735
(Gain) loss on disposition of assets (1,222) 794 (2,265) 19
Total operating expenses 295,107 428,308 1,669,497 1,817,805
Operating income (loss) 54,071 181,434 (461,029) 46,025
Other income (expense):        
Interest income 150 629 592 1,796
Interest expense, net of amounts capitalized (19,032) (21,350) (68,704) (70,800)
Foreign currency transaction (loss) gain (712) (1,163) (7,833) 954
Other, net 269 217 (11,199) 702
Income (loss) before income tax (expense) benefit 34,746 159,767 (548,173) (21,323)
Income tax (expense) benefit (20,819) (23,345) 59,588 (7,578)
Net income (loss) $ 13,927 $ 136,422 $ (488,585) $ (28,901)
Earnings (loss) per share, Basic and Diluted $ 0.10 $ 0.99 $ (3.56) $ (0.21)
Weighted-average shares outstanding:        
Shares of common stock 137,170 137,159 137,167 137,156
Dilutive potential shares of common stock 84 44    
Total weighted-average shares outstanding 137,254 137,203 137,167 137,156
Cash dividends declared per share of common stock   $ 0.125   $ 0.375