RESTRUCTURING CHARGES

12 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

NOTE 18 RESTRUCTURING CHARGES

During the second quarter of fiscal year 2021, we reorganized our IT operations and moved select IT functions to a managed service provider. Costs incurred as of September 30, 2021 in connection with the restructuring are primarily comprised of one-time severance benefits to employees who were involuntarily terminated. During the third quarter of fiscal year 2021, we commenced a voluntary separation program at our local office in Argentina for which we incurred one-time severance charges for employees who were voluntarily terminated.

Additionally, we continue to take measures to lower our cost structure based on activity levels. During fiscal year 2021, we incurred one-time moving related expenses primarily due to the downsizing and relocation of our Houston assembly facility and various storage yards used for idle rigs. These charges are included in other restructuring expenses within the tables below.

The following table summarizes the Company's restructuring charges incurred during the year ended September 30, 2021:


	Year Ended September 30, 2021
(in thousands)	North America Solutions		International Solutions		Corporate		Total
Employee termination benefits	$	54	$	207	$	1,215	$	1,476
Other restructuring expenses	3,815		—		635		$	4,450
Total restructuring charges	$	3,869	207		$	1,850	$	5,926

Beginning in the third quarter of fiscal year 2020, we implemented cost controls and began evaluating further measures to respond to the combination of weakened commodity prices, uncertainties related to the COVID-19 pandemic, and the resulting market volatility. We restructured our operations to accommodate scale during an industry downturn and to re-organize our operations to align to new marketing and management strategies. We commenced a number of restructuring efforts as a result of this evaluation, which included, among other things, a reduction in our capital allocation plans, changes to our organizational structure, and a reduction of staffing levels. Costs incurred as of September 30, 2020 in connection with the restructuring were primarily comprised of one-time severance benefits to employees who were voluntarily or involuntarily terminated, benefits related to forfeitures and costs related to modification of stock-based compensation awards.

The following table summarizes the Company's restructuring charges incurred during the year ended September 30, 2020:


	Year Ended September 30, 2020
(in thousands)	North America Solutions		Offshore Gulf of Mexico		International Solutions		Other		Corporate G&A		Total
Employee termination benefits	$	10,041	$	1,432	$	2,991	$	321	$	4,745	$	19,530
Stock-based compensation benefit	(3,036)		(178)		(11)		(61)		(197)		(3,483)
Total restructuring charges	$	7,005	$	1,254	$	2,980	$	260	$	4,548	$	16,047

These expenses are recorded within restructuring charges on our Consolidated Statements of Operations for the fiscal years ended September 30, 2021 and 2020.