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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION
 3 Months Ended
Dec. 31, 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 on reimbursement of drilling equipment, other (gain) loss on sale of assets, 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 months ended December 31, 2021 and 2020 is shown in the following tables:
Three Months Ended December 31, 2021
(in thousands)North America SolutionsOffshore Gulf of MexicoInternational SolutionsOtherEliminationsTotal
External sales$341,034 $29,314 $37,159 $2,275 $— $409,782 
Intersegment— — — 13,648 (13,648)— 
Total sales341,034 29,314 37,159 15,923 (13,648)409,782 
Segment operating income (loss)(28,893)5,466 8,049 3,929 (1,282)(12,731)
Three Months Ended December 31, 2020
(in thousands)North America SolutionsOffshore Gulf of MexicoInternational SolutionsOtherEliminationsTotal
External sales$201,990 $32,273 $10,518 $1,596 $— $246,377 
Intersegment— — — 7,122 (7,122)— 
Total sales201,990 32,273 10,518 8,718 (7,122)246,377 
Segment operating income (loss)(72,928)2,742 (8,357)4,111 (2,126)(76,558)
The following table reconciles segment operating loss per the tables above to loss from continuing operations before income taxes as reported on the Unaudited Condensed Consolidated Statements of Operations:
Three Months Ended December 31,
(in thousands)20212020
Segment operating loss$(12,731)$(76,558)
Gain on reimbursement of drilling equipment5,254 2,191 
Other gain (loss) on sale of assets(1,029)10,145 
Corporate selling, general and administrative costs, corporate depreciation, and corporate restructuring charges(34,105)(29,001)
Operating loss from continuing operations(42,611)(93,223)
Other income (expense)
Interest and dividend income2,589 1,879 
Interest expense(6,114)(6,139)
Gain on investment securities47,862 2,924 
Loss on extinguishment of debt(60,083)— 
Other(542)(1,480)
Total unallocated amounts(16,288)(2,816)
Loss from continuing operations before income taxes$(58,899)$(96,039)
The following table reconciles segment total assets as reported on the Unaudited Condensed Consolidated Balance Sheets:
(in thousands)December 31,
2021		September 30,
2021
Total assets 1
North America Solutions$3,399,211 $3,418,569 
Offshore Gulf of Mexico84,661 84,580 
International Solutions341,553 269,820 
Other85,409 95,398 
3,910,834 3,868,367 
Investments and corporate operations481,420 1,165,761 
$4,392,254 $5,034,128 
(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 December 31,
(in thousands)20212020
Operating revenues
United States$371,488 $235,444 
Argentina29,152 1,553 
Bahrain7,632 7,549 
United Arab Emirates— 990 
Colombia375 429 
Other Foreign1,135 412 
Total$409,782 $246,377 
Refer to Note 9—Revenue from Contracts with Customers for additional information regarding the recognition of revenue.