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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION
 9 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION
NOTE 14 BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION
Description of the Business
We are a performance-driven drilling solutions and technologies company based in Tulsa, Oklahoma with operations in all major U.S. onshore oil and gas producing basins as well as South America and the Middle East. Our drilling operations consist mainly of contracting Company-owned drilling equipment primarily to large oil and gas exploration companies.  We believe we are the recognized industry leader in drilling as well as technological innovation. We focus on offering our customers an integrated solutions-based approach by combining proprietary rig technology, automation software, and digital expertise into our rig operations rather than a product-based offering, such as a rig or separate technology package. Our drilling services operations are organized into the following reportable operating business segments: North America Solutions, Offshore Gulf of Mexico and International Solutions. 
Each reportable operating segment is a strategic business unit that is managed separately, and consolidated revenues and expenses reflect the elimination of all material intercompany transactions. Our real estate operations, our incubator program for new research and development projects, and our wholly-owned captive insurance companies are included in "Other." External revenues included in “Other” primarily consist of rental income.
Segment Performance
We evaluate segment performance based on income or loss from continuing operations (segment operating income (loss)) before income taxes which includes:
•Revenues from external and internal customers
•Direct operating costs
•Depreciation and amortization
•Allocated general and administrative costs
•Asset impairment charges
•Restructuring charges
but excludes (gain) loss on sale of assets and corporate selling, general and administrative costs, corporate depreciation, and corporate restructuring charges.
General and administrative costs are allocated to the segments based primarily on specific identification and, to the extent that such identification is not practical, other methods may be used which we believe to be a reasonable reflection of the utilization of services provided.
Summarized financial information of our reportable segments for the three and nine months ended June 30, 2021 and 2020 is shown in the following tables:
Three Months Ended June 30, 2021
(in thousands)North America SolutionsOffshore Gulf of MexicoInternational SolutionsOtherEliminationsTotal
External sales$281,132 $33,364 $15,278 $2,439 $— $332,213 
Intersegment— — — 9,379 (9,379)— 
Total sales281,132 33,364 15,278 11,818 (9,379)332,213 
Segment operating income (loss)(43,743)5,707 (3,538)(4,670)(3,298)(49,542)
Three Months Ended June 30, 2020
(in thousands)North America SolutionsOffshore Gulf of MexicoInternational SolutionsOtherEliminationsTotal
External sales$254,434 $37,494 $22,477 $2,959 $— $317,364 
Intersegment— — — 10,384 (10,384)— 
Total sales254,434 37,494 22,477 13,343 (10,384)317,364 
Segment operating income (loss)(25,157)3,013 (9,540)4,389 — (27,295)
Nine Months Ended June 30, 2021
(in thousands)North America SolutionsOffshore Gulf of MexicoInternational SolutionsOtherEliminationsTotal
External sales$733,061 $94,911 $40,609 $6,180 $— $874,761 
Intersegment— — — 25,181 (25,181)— 
Total sales733,061 94,911 40,609 31,361 (25,181)874,761 
Segment operating income (loss)(226,505)11,427 (15,353)(1,631)(8,857)(240,919)
Nine Months Ended June 30, 2020
(in thousands)North America SolutionsOffshore Gulf of MexicoInternational SolutionsOtherEliminationsTotal
External sales$1,325,076 $110,828 $120,189 $9,567 $— $1,565,660 
Intersegment— — — 28,927 (28,927)— 
Total sales1,325,076 110,828 120,189 38,494 (28,927)1,565,660 
Segment operating income (loss)(315,705)6,022 (158,894)3,704 — (464,873)
The following table reconciles segment operating loss per the tables above to loss from continuing operations before income taxes as reported on the Unaudited Condensed Consolidated Statements of Operations:
Three Months Ended June 30,Nine Months Ended June 30,
(in thousands)2021202020212020
Segment operating loss$(49,542)$(27,295)$(240,919)$(464,873)
Gain (loss) on sale of assets3,434 4,201 (2,745)18,790 
Corporate selling, general and administrative costs, corporate depreciation, and corporate restructuring charges(31,259)(34,490)(87,849)(98,674)
Operating loss from continuing operations(77,367)(57,584)(331,513)(544,757)
Other income (expense)
Interest and dividend income1,527 771 8,225 6,551 
Interest expense(5,963)(6,125)(17,861)(18,320)
Gain (loss) on investment securities2,409 2,267 7,853 (7,325)
Gain on sale of subsidiary— — — 14,963 
Other(970)(2,914)(3,027)(3,711)
Total unallocated amounts(2,997)(6,001)(4,810)(7,842)
Loss from continuing operations before income taxes$(80,364)$(63,585)$(336,323)$(552,599)
The following table presents total assets by reportable segment:
(in thousands)June 30,
2021		September 30,
2020
Total assets (1)
North America Solutions$3,518,574 $3,812,718 
Offshore Gulf of Mexico90,359 93,501 
International Solutions165,435 181,181 
Other83,371 22,144 
3,857,739 4,109,544 
Investments and corporate operations637,546 720,077 
$4,495,285 $4,829,621 
(1)Assets by segment exclude investments in subsidiaries and intersegment activity.

The following table presents revenues from external customers by country based on the location of service provided:
Three Months Ended June 30,Nine Months Ended June 30,
(in thousands)2021202020212020
Operating revenues
United States$316,315 $294,335 $832,516 $1,442,670 
Argentina7,999 7,231 16,532 77,522 
Bahrain6,979 6,430 21,449 21,497 
United Arab Emirates— 8,403 990 14,857 
Colombia300 413 1,674 6,313 
Other Foreign620 552 1,600 2,801 
Total$332,213 $317,364 $874,761 $1,565,660 
Refer to Note 9—Revenue from Contracts with Customers for additional information regarding the recognition of revenue upon adoption of ASC 606.