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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 198,203 $ 216,706 $ 427,373 $ 450,248
Operating expenses:        
Depreciation 74,835 88,253 167,878 175,151
General and administrative 15,701 15,294 32,046 32,605
Impairment of assets     774,028  
Restructuring and separation costs 17,119   17,119  
Gain on disposition of assets (220) (9,436) (3,653) (5,149)
Total operating expenses 281,685 328,206 1,357,292 610,874
Operating loss (83,482) (111,500) (929,919) (160,626)
Other income (expense):        
Interest income 108 1,933 498 4,346
Interest expense, net of amounts capitalized (excludes $24.6 million of contractual interest expense on debt subject to compromise for the three- and six-month periods ended June 30, 2020) (10,333) (31,159) (42,655) (61,084)
Foreign currency transaction loss (1,004) (721) (797) (1,806)
Reorganization items, net (53,977)   (53,977)  
Other, net (81) 105 242 438
Loss before income tax benefit (148,769) (141,342) (1,026,608) (218,732)
Income tax benefit 3,949 27,354 19,848 31,416
Net loss $ (144,820) $ (113,988) $ (1,006,760) $ (187,316)
Loss per share, Basic and Diluted $ (1.05) $ (0.83) $ (7.30) $ (1.36)
Weighted-average shares outstanding:        
Shares of common stock 138,043 137,691 137,937 137,607
Total weighted-average shares outstanding 138,043 137,691 137,937 137,607
Contract Drilling [Member]        
Revenues:        
Total revenues $ 188,637 $ 207,273 $ 406,503 $ 433,970
Operating expenses:        
Contract drilling, excluding depreciation 165,943 224,782 350,455 392,210
Reimbursable Expenses [Member]        
Revenues:        
Total revenues 9,566 9,433 20,870 16,278
Operating expenses:        
Contract drilling, excluding depreciation $ 8,307 $ 9,313 $ 19,419 $ 16,057