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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

6 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Financial Information of Reportable Segments

Summarized financial information of our reportable segments for the three and six months ended March 31, 2021 and 2020 is shown in the following tables:

			Three Months Ended March 31, 2021
(in thousands)			North America Solutions						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	249,939					$	29,274					$	14,813					$	2,145					$	—					$	296,171
Intersegment			—						—						—						8,680						(8,680)						—
Total sales			249,939						29,274						14,813						10,825						(8,680)						296,171
Segment operating income (loss)			(109,834)						2,978						(3,458)						(1,072)						(3,433)						(114,819)

			Three Months Ended March 31, 2020
(in thousands)			North America Solutions (1)						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	545,961					$	33,079					$	51,250					$	3,349					$	—					$	633,639
Intersegment			—						—						—						10,649						(10,649)						—
Total sales			545,961						33,079						51,250						13,998						(10,649)						633,639
Segment operating income (loss)			(342,667)						(3,319)						(152,469)						376						—						(498,079)

(1)Operations previously reported within the H&P Technologies reportable segment are now managed and presented within the North America Solutions reportable segment.

			Six Months Ended March 31, 2021
(in thousands)			North America Solutions						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	451,929					$	61,547					$	25,331					$	3,741					$	—					$	542,548
Intersegment			—						—						—						15,802						(15,802)						—
Total sales			451,929						61,547						25,331						19,543						(15,802)						542,548
Segment operating income (loss)			(182,762)						5,720						(11,815)						3,039						(5,559)						(191,377)

			Six Months Ended March 31, 2020
(in thousands)			North America Solutions (1)						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	1,070,642					$	73,334					$	97,712					$	6,608					$	—					$	1,248,296
Intersegment			—						—						—						18,545						(18,545)						—
Total sales			1,070,642						73,334						97,712						25,153						(18,545)						1,248,296
Segment operating income (loss)			(290,528)						3,009						(149,354)						(705)						—						(437,578)

(1)Operations previously reported within the H&P Technologies reportable segment are now managed and presented within the North America Solutions reportable segment.

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

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

			Three Months Ended March 31,												Six Months Ended March 31,
(in thousands)			2021						2020						2021						2020
Segment operating loss			$	(114,819)					$	(498,079)					$	(191,377)					$	(437,578)
Gain (loss) on sale of assets			(18,515)						10,310						(6,179)						14,589
Corporate selling, general and administrative costs, corporate depreciation and corporate restructuring charges			(27,589)						(30,772)						(56,590)						(64,184)
Operating loss from continuing operations			(160,923)						(518,541)						(254,146)						(487,173)
Other income (expense)
Interest and dividend income			4,819						3,566						6,698						5,780
Interest expense			(5,759)						(6,095)						(11,898)						(12,195)
Gain (loss) on investment securities			2,520						(12,413)						5,444						(9,592)
Gain on sale of subsidiary			—						—						—						14,963
Other			(577)						(398)						(2,057)						(797)
Total unallocated amounts			1,003						(15,340)						(1,813)						(1,841)
Loss from continuing operations before income taxes			$	(159,920)					$	(533,881)					$	(255,959)					$	(489,014)

Schedule of Total Assets by Reportable Segment

The following table presents total assets by reportable segment:

(in thousands)			March 31, 2021						September 30, 2020
Total assets (1)
North America Solutions			$	3,610,225					$	3,812,718
Offshore Gulf of Mexico			90,530						93,501
International Solutions			167,023						181,181
Other			82,528						22,144
			3,950,306						4,109,544
Investments and corporate operations			637,798						720,077
Total assets from continuing operations			4,588,104						4,829,621
Discontinued operations			—						—
			$	4,588,104					$	4,829,621

(1)Assets by segment exclude investments in subsidiaries and intersegment activity.

Schedule of 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 March 31,												Six Months Ended March 31,
(in thousands)			2021						2020						2021						2020
Operating revenues
United States			$	280,757					$	581,520					$	516,201					$	1,148,335
Argentina			6,979						29,682						8,532						70,291
Bahrain			6,921						10,383						14,470						15,067
United Arab Emirates			—						6,280						990						6,453
Colombia			946						4,905						1,375						5,901
Other Foreign			568						869						980						2,249
Total			$	296,171					$	633,639					$	542,548					$	1,248,296

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