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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

3 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Financial Information of Reportable Segments

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 Solutions						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	341,034					$	29,314					$	37,159					$	2,275					$	—					$	409,782
Intersegment			—						—						—						13,648						(13,648)						—
Total sales			341,034						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 Solutions						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	201,990					$	32,273					$	10,518					$	1,596					$	—					$	246,377
Intersegment			—						—						—						7,122						(7,122)						—
Total sales			201,990						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)

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 December 31,
(in thousands)			2021						2020
Segment operating loss			$	(12,731)					$	(76,558)
Gain on reimbursement of drilling equipment			5,254						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 income			2,589						1,879
Interest expense			(6,114)						(6,139)
Gain on investment securities			47,862						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)

Schedule of Total Assets by Reportable Segment

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 Mexico			84,661						84,580
International Solutions			341,553						269,820
Other			85,409						95,398
			3,910,834						3,868,367
Investments and corporate operations			481,420						1,165,761
			$	4,392,254					$	5,034,128

(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 December 31,
(in thousands)			2021						2020
Operating revenues
United States			$	371,488					$	235,444
Argentina			29,152						1,553
Bahrain			7,632						7,549
United Arab Emirates			—						990
Colombia			375						429
Other Foreign			1,135						412
Total			$	409,782					$	246,377

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