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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Segment Performance |
| September 30, 2019
(in thousands) | U.S. Land |  | Offshore |  | International Land |  | H&P Technologies |  | Other |  | Eliminations |  | Total
External Sales | $ | 2,366,201 |  |  | $ | 147,635 |  |  | $ | 211,731 |  |  | $ | 59,990 |  |  | $ | 12,933 |  |  | $ | — |  |  | $ | 2,798,490 |
Intersegment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Sales | 2,366,201 |  |  | 147,635 |  |  | 211,731 |  |  | 59,990 |  |  | 12,933 |  |  | — |  |  | 2,798,490 |
Segment Operating Income (Loss) | 93,088 |  |  | 19,594 |  |  | 5,366 |  |  | (12,190 | ) |  | 3,375 |  |  | — |  |  | 109,233 |
Depreciation and Amortization | 496,770 |  |  | 10,010 |  |  | 35,466 |  |  | 7,696 |  |  | 1,523 |  |  | — |  |  | 551,465 |
Total Assets | 5,099,583 |  |  | 102,442 |  |  | 217,094 |  |  | 184,558 |  |  | 32,532 |  |  | — |  |  | 5,636,209 |
| September 30, 2018
(in thousands) | U.S. Land (2) |  | Offshore |  | International Land |  | H&P Technologies (1) (2) |  | Other (1) |  | Eliminations |  | Total
External Sales | $ | 2,063,362 |  |  | $ | 142,500 |  |  | $ | 238,356 |  |  | $ | 30,239 |  |  | $ | 12,811 |  |  | — |  |  | 2,487,268 |
Intersegment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  | — |
Total Sales | $ | 2,063,362 |  |  | $ | 142,500 |  |  | $ | 238,356 |  |  | $ | 30,239 |  |  | $ | 12,811 |  |  | — |  |  | 2,487,268 |
Segment Operating Income (Loss) | 148,251 |  |  | 26,124 |  |  | (683 | ) |  | (39,554 | ) |  | 5,883 |  |  | — |  |  | 140,021 |
Depreciation and Amortization | 504,805 |  |  | 10,392 |  |  | 46,826 |  |  | 7,153 |  |  | 1,486 |  |  | — |  |  | 570,662 |
Total Assets | 5,007,548 |  |  | 105,439 |  |  | 362,033 |  |  | 151,787 |  |  | 29,525 |  |  | — |  |  | 5,656,332 |
(1) | Prior period information has been restated to reflect the change in operating segments structure.
(2) | Prior period information has been restated to reflect the transfer of FlexApp revenue and the related costs from U.S. Land to H&P Technologies. Certain FlexApp revenue not separately priced in drilling contracts, and recorded in the U.S. Land segment, was impracticable to retrospectively quantify, and as such was not restated.
| September 30, 2017
(in thousands) | U.S. Land (2) |  | Offshore |  | International Land |  | H&P Technologies (1) (2) |  | Other (1) |  | Eliminations |  | Total
External Sales | $ | 1,437,427 |  |  | $ | 136,263 |  |  | $ | 212,972 |  |  | $ | 5,815 |  |  | $ | 12,264 |  |  | — |  |  | 1,804,741 |
Intersegment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Sales | $ | 1,437,427 |  |  | $ | 136,263 |  |  | $ | 212,972 |  |  | $ | 5,815 |  |  | $ | 12,264 |  |  | — |  |  | 1,804,741 |
Segment Operating Income (Loss) | (97,231 | ) |  | 24,201 |  |  | (7,224 | ) |  | (13,356 | ) |  | 6,065 |  |  | — |  |  | (87,545 | )
Depreciation and Amortization | 499,272 |  |  | 11,764 |  |  | 53,622 |  |  | 3,915 |  |  | 1,424 |  |  | — |  |  | 569,997 |
Total Assets | 4,962,808 |  |  | 99,533 |  |  | 413,392 |  |  | 110,468 |  |  | 26,883 |  |  | — |  |  | 5,613,084 |
(1) | Prior period information has been restated to reflect the change in operating segments structure.
(2) Prior period information has been restated to reflect the transfer of FlexApp revenues and the related costs from U.S. Land to H&P Technologies. Certain FlexApp revenue not separately priced in a drilling contract, and recorded in the U.S. Land segment, was impracticable to retrospectively quantify, and as such was not restated.
Reconciliation of Segment Operating Income (Loss) to Income from Continuing Operations before Income Taxes | The following table reconciles segment operating income (loss) to income from continuing operations before income taxes as reported on the Consolidated Statements of Operations:
| Year Ended September 30,
(in thousands) | 2019 |  | 2018 |  | 2017
|  |  | As adjusted, Note 2
Segment operating income (loss) | 109,233 |  |  | 140,021 |  |  | (87,545 | )
Gain on sale of assets | 39,691 |  |  | 22,660 |  |  | 20,627 |
Corporate depreciation | (11,338 | ) |  | (13,140 | ) |  | (15,546 | )
Corporate selling, general and administrative costs | (117,004 | ) |  | (116,577 | ) |  | (86,623 | )
Operating income (loss) from continuing operations | 20,582 |  |  | 32,964 |  |  | (169,087 | )
Other income (expense) |  |  |  |  |
Interest and dividend income | 9,468 |  |  | 8,017 |  |  | 5,915 |
Interest expense | (25,188 | ) |  | (24,265 | ) |  | (19,747 | )
Gain (loss) on investment securities | (54,488 | ) |  | 1 |  |  | — |
Other | (1,596 | ) |  | (876 | ) |  | (1,679 | )
Total unallocated amounts | (71,804 | ) |  | (17,123 | ) |  | (15,511 | )
Income (loss) from continuing operations before income taxes | $ | (51,222 | ) |  | $ | 15,841 |  |  | $ | (184,598 | )
Reconciliation of Segment Assets to Consolidated Assets | The following table reconciles segment total assets to total assets as reported on the Consolidated Balance Sheets:
| Year Ended September 30,
(in thousands) | 2019 |  | 2018
Segment assets | $ | 5,636,209 |  |  | $ | 5,656,332 |
Corporate assets | 203,306 |  |  | 558,535 |
Total consolidated assets | $ | 5,839,515 |  |  | $ | 6,214,867 |
Revenues from External Customers and Long-Lived Assets by Country | The following table presents revenues from external customers and long-lived assets by country based on the location of service provided:
| Year Ended September 30,
(in thousands) | 2019 |  | 2018 |  | 2017
Operating revenues |  |  |  |  |
United States | $ | 2,585,008 |  |  | $ | 2,247,400 |  |  | $ | 1,591,769 |
Argentina | 165,718 |  |  | 190,038 |  |  | 157,257 |
Colombia | 29,757 |  |  | 38,793 |  |  | 37,554 |
Ecuador | — |  |  | — |  |  | 6 |
Other Foreign | 18,007 |  |  | 11,037 |  |  | 18,155 |
Total | $ | 2,798,490 |  |  | $ | 2,487,268 |  |  | $ | 1,804,741 |
Property, plant and equipment, net |  |  |  |  |
United States | $ | 4,269,405 |  |  | $ | 4,591,913 |  |  | $ | 4,686,235 |
Argentina | 132,321 |  |  | 133,617 |  |  | 155,978 |
Colombia | 61,757 |  |  | 74,042 |  |  | 81,798 |
Ecuador | 12 |  |  | 10,781 |  |  | 22,298 |
Other Foreign | 38,589 |  |  | 47,029 |  |  | 54,742 |
Total | $ | 4,502,084 |  |  | $ | 4,857,382 |  |  | $ | 5,001,051 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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