XML 57 R39.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

3 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Summary of Financial Information of Reportable Segments

Summarized financial information of our reportable segments for the three months ended December 31, 2019 and 2018 is shown in the following tables:

	Three Months Ended December 31, 2019
(in thousands)	U.S. Land				Offshore				International Land				H&P Technologies				Other				Eliminations				Total
External Sales	$	508,828			$	40,255			$	46,462			$	15,853			$	3,259			$	—			$	614,657
Intersegment	—				—				—				2,699				7,740				(10,439		)		—
Total Sales	508,828				40,255				46,462				18,552				10,999				(10,439		)		614,657
Segment Operating Income (Loss)	56,690				6,328				3,115				(4,551		)		(1,237		)						60,345

	Three Months Ended December 31, 2018
(in thousands)	U.S. Land (1)				Offshore				International Land				H&P Technologies (1)				Other				Eliminations				Total
External Sales	$	619,425			$	36,910			$	66,287			$	14,736			$	3,240			$	—			$	740,598
Intersegment	—				—				—				—				—				—				—
Total Sales	619,425				36,910				66,287				14,736				3,240				—				740,598
Segment Operating Income (Loss)	75,748				7,168				6,630				(6,381		)		1,554				—				84,719

(1)

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.

Reconciliation of Segment Operating Income (Loss) to Income from Continuing Operations Before Income Taxes

The following table reconciles segment operating income per the tables above to income from continuing operations before income taxes as reported on the Unaudited Condensed Consolidated Statements of Operations:

	Three Months Ended December 31,
(in thousands)	2019				2018
Segment operating income	$	60,345			$	84,719
Gain on sale of assets	4,279				5,545
Corporate selling, general and administrative costs and corporate depreciation	(33,256		)		(35,975		)
Operating income from continuing operations	31,368				54,289
Other income (expense)
Interest and dividend income	2,214				2,450
Interest expense	(6,100		)		(4,720		)
Gain (loss) on investment securities	2,821				(42,844		)
Gain on sale of subsidiary	14,963				—
Other	(399		)		541
Total unallocated amounts	13,499				(44,573		)
Income from continuing operations before income taxes	$	44,867			$	9,716

Total Assets by Reportable Segment

The following table presents total assets by reportable segment:

(in thousands)	December 31, 2019				September 30, 2019
Total assets (1)
U.S. Land	$	4,601,633			$	5,099,583
Offshore	109,564				102,442
International Land	353,681				217,094
H&P Technologies	189,371				184,558
Other	31,723				32,532
	5,285,972				5,636,209
Investments and corporate operations	555,538				203,306
Total assets from continuing operations	5,841,510				5,839,515
Discontinued operations	—				—
	$	5,841,510			$	5,839,515

(1)

Assets by segment exclude investments in subsidiaries and intersegment activity.

Revenues from External Customers by Country

The following table presents revenues from external customers by country based on the location of service provided:

	Three Months Ended December 31,
(in thousands)	2019				2018
Operating revenues
United States	$	566,815			$	674,001
Argentina	40,609				41,605
Bahrain	4,684				2,528
Colombia	996				17,426
Other Foreign	1,553				5,038
Total	$	614,657			$	740,598

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration