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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) | 12 Months Ended
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Sep. 30, 2015
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) |
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) | NOTE 16 SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
|  | (in thousands, except per share amounts) |
2015 |  | 1 st Quarter |  | 2 nd Quarter |  | 3 rd Quarter |  | 4 th Quarter |
Operating revenues |  | $ | 1,056,585 |  | $ | 883,052 |  | $ | 659,694 |  | $ | 566,110 |
Operating income (loss) |  |  | 331,819 |  |  | 227,172 |  |  | 132,780 |  |  | (16,021 | )
Income (loss) from continuing operations |  |  | 203,057 |  |  | 149,536 |  |  | 90,887 |  |  | (21,208 | )
Net income (loss) |  |  | 203,042 |  |  | 149,537 |  |  | 90,860 |  |  | (21,214 | )
Basic earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  |  | 1.87 |  |  | 1.38 |  |  | 0.84 |  |  | (0.20 | )
Net income (loss) |  |  | 1.87 |  |  | 1.38 |  |  | 0.84 |  |  | (0.20 | )
Diluted earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  |  | 1.85 |  |  | 1.37 |  |  | 0.83 |  |  | (0.20 | )
Net income |  |  | 1.85 |  |  | 1.37 |  |  | 0.83 |  |  | (0.20 | )
2014 |  | 1 st Quarter |  | 2 nd Quarter |  | 3 rd Quarter |  | 4 th Quarter |
Operating revenues |  | $ | 889,152 |  | $ | 893,430 |  | $ | 952,087 |  | $ | 985,038 |
Operating income |  |  | 264,031 |  |  | 255,342 |  |  | 271,912 |  |  | 263,502 |
Income from continuing operations |  |  | 173,182 |  |  | 174,589 |  |  | 192,290 |  |  | 168,705 |
Net income |  |  | 173,182 |  |  | 174,570 |  |  | 192,279 |  |  | 168,688 |
Basic earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  |  | 1.61 |  |  | 1.61 |  |  | 1.77 |  |  | 1.55 |
Net income |  |  | 1.61 |  |  | 1.61 |  |  | 1.77 |  |  | 1.55 |
Diluted earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  |  | 1.59 |  |  | 1.59 |  |  | 1.75 |  |  | 1.53 |
Net income |  |  | 1.59 |  |  | 1.59 |  |  | 1.75 |  |  | 1.53 |
The sum of earnings per share for the four quarters may not equal the total earnings per share for the year due to changes in the average number of common shares outstanding. In the first quarter of fiscal 2015, net income includes an after-tax gain from the sale of assets of $2.5 million, $0.02 per share on a diluted basis. In the second quarter of fiscal 2015, net income includes an after-tax gain from the sale of assets of $1.9 million, $0.02 per share on a diluted basis and an after-tax abandonment charge, primarily related to the decommission of 17 SCR powered FlexRigs, of approximately $7.5 million, $0.05 per share on a diluted basis. In the third quarter of fiscal 2015, net income includes an after-tax gain from the sale of assets of $1.3 million, $0.01 per share on a diluted basis. In the fourth quarter of fiscal 2015, net income includes an after-tax gain from the sale of assets of $1.7 million, $0.02 per share on a diluted basis. In the fourth quarter of fiscal 2015, net income includes an after-tax impairment charge of approximately $24.9 million, $0.23 per share on a diluted basis and an after-tax abandonment charge primarily due to the decommission of six SCR powered land rigs and other used drilling equipment of approximately $19.1 million, $0.18 per share on a diluted basis. In the first quarter of fiscal 2014, net income includes an after-tax gain from the sale of assets of $3.7 million, $0.03 per share on a diluted basis. In the second quarter of fiscal 2014, net income includes an after-tax gain from the sale of assets of $2.7 million, $0.02 per share on a diluted basis, and an after-tax gain from the sale of investment securities of $12.9 million, $0.12 per share on a diluted basis. In the third quarter of fiscal 2014, net income includes an after-tax gain from the sale of assets of $1.4 million, $0.01 per share on a diluted basis, and an after-tax gain from the sale of investment securities of $14.9 million, $0.13 per share on a diluted basis. In the fourth quarter of fiscal 2014, net income includes an after-tax gain from the sale of assets of $5.0 million, $0.05 per share on a diluted basis.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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