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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Contract drilling $ 1,525,214 $ 2,360,184 $ 2,737,126
Revenues related to reimbursable expenses 75,128 59,209 77,545
Total revenues 1,600,342 2,419,393 2,814,671
Operating expenses:      
Contract drilling, excluding depreciation 772,173 1,227,864 1,523,623
Reimbursable expenses 58,058 58,050 76,091
Depreciation 381,760 493,162 456,483
General and administrative 63,560 66,462 81,832
Impairment of assets 678,145 860,441 109,462
Bad debt recovery (265)    
Restructuring and separation costs   9,778  
Loss (gain) on disposition of assets 3,795 (2,290) (5,382)
Total operating expenses 1,957,226 2,713,467 2,242,109
Operating (loss) income (356,884) (294,074) 572,562
Other income (expense):      
Interest income 768 3,322 801
Interest expense, net of amounts capitalized (89,934) (93,934) (62,053)
Foreign currency transaction (loss) gain (11,522) 2,465 3,199
Other, net (10,727) 873 682
(Loss) income before income tax benefit (expense) (468,299) (381,348) 515,191
Income tax benefit (expense) 95,796 107,063 (128,180)
Net (loss) income $ (372,503) $ (274,285) $ 387,011
(Loss) earnings per share:      
Basic $ (2.72) $ (2.00) $ 2.82
Diluted $ (2.72) $ (2.00) $ 2.81
Weighted-average shares outstanding:      
Shares of common stock 137,168 137,157 137,473
Dilutive potential shares of common stock     50
Total weighted-average shares outstanding 137,168 137,157 137,523
Cash dividends declared per share of common stock   $ 0.50 $ 3.50