Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 and 2014.

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