NOTE 17 SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

(in thousands, except per share amounts)


2017	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Operating revenues	$	368,590	$	405,283	$	498,564	$	532,304
Operating loss		(49,164)		(65,672)		(28,028)		(29,677)
Loss from continuing operations		(34,554)		(48,473)		(23,125)		(21,711)
Net loss		(35,063)		(48,818)		(21,799)		(22,532)
Basic earnings per common share:
Loss from continuing operations		(0.33)		(0.45)		(0.22)		(0.20)
Net loss		(0.33)		(0.45)		(0.21)		(0.21)
Diluted earnings per common share:
Loss from continuing operations		(0.33)		(0.45)		(0.22)		(0.20)
Net loss		(0.33)		(0.45)		(0.21)		(0.21)


2016	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Operating revenues	$	487,847	$	438,191	$	366,486	$	331,708
Operating income (loss)		38,670		41,621		(13,256)		(93,001)
Income (loss) from continuing operations		15,898		25,174		(21,193)		(72,869)
Net income (loss)		16,002		21,205		(21,200)		(72,835)
Basic earnings per common share:
Income (loss) from continuing operations		0.15		0.23		(0.20)		(0.68)
Net income (loss)		0.15		0.19		(0.20)		(0.68)
Diluted earnings per common share:
Income (loss) from continuing operations		0.15		0.23		(0.20)		(0.68)
Net income (loss)		0.15		0.19		(0.20)		(0.68)

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 2017, net loss includes an after-tax gain from the sale of assets of $0.6 million, $0.01 per share on a diluted basis.

In the second quarter of fiscal 2017, net loss includes an after-tax gain from the sale of assets of $10.1 million, $0.09 per share on a diluted basis.

In the third quarter of fiscal 2017, net loss 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 2017, net loss includes an after-tax gain from the sale of assets of $2.3 million, $0.02 per share on a diluted basis.

In the first quarter of fiscal 2016, net income includes an after-tax gain from the sale of assets of $2.9 million, $0.03 per share on a diluted basis and an after-tax loss related to currency exchange losses of approximately $5.4 million, $0.05 per share on a diluted basis.

In the second quarter of fiscal 2016, net income includes an after-tax gain from the sale of assets of $1.5 million, $0.01 per share on a diluted basis.

In the third quarter of fiscal 2016, net loss includes an after-tax impairment charge, primarily related to used drilling equipment, of approximately $2.9 million, $0.03 per share on a diluted basis.

In the fourth quarter of fiscal 2016, net loss includes an after-tax gain from the sale of assets of $1.4 million, $0.01 per share on a diluted basis.

In the fourth quarter of fiscal 2016, net loss includes an after-tax loss from an other-than-temporary impairment of available-for-sale securities of $15.9 million, $0.15 loss per share on a diluted basis.

In the fourth quarter of fiscal 2016, net loss includes an after-tax loss from a litigation settlement of $12.0 million, $0.11 loss per share on a diluted basis.