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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

9 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Financial Information of Reportable Segments

Summarized financial information of our reportable segments for the three and nine months ended June 30, 2023 and 2022 is shown in the following tables:

			Three Months Ended June 30, 2023
(in thousands)			North America Solutions						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	641,612					$	31,221					$	48,692					$	2,431					$	—					$	723,956
Intersegment			—						—						—						17,359						(17,359)						—
Total sales			641,612						31,221						48,692						19,790						(17,359)						723,956
Segment operating income (loss)			$	169,499					$	4,705					$	(1,397)					$	2,104					$	4,470					$	179,381

			Three Months Ended June 30, 2022
(in thousands)			North America Solutions						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	486,004					$	32,701					$	29,118					$	2,410					$	—					$	550,233
Intersegment			—						—						—						14,725						(14,725)						—
Total sales			486,004						32,701						29,118						17,135						(14,725)						550,233
Segment operating income (loss)			$	57,353					$	5,872					$	(6,550)					$	1,965					$	(2,140)					$	56,500

			Nine Months Ended June 30, 2023
(in thousands)			North America Solutions						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	1,944,555					$	101,364					$	159,383					$	7,513					$	—					$	2,212,815
Intersegment			—						—						—						51,423						(51,423)						—
Total sales			1,944,555						101,364						159,383						58,936						(51,423)						2,212,815
Segment operating income			$	496,945					$	18,138					$	4,132					$	13,604					$	4,513					$	537,332

			Nine Months Ended June 30, 2022
(in thousands)			North America Solutions						Offshore Gulf of Mexico						International Solutions						Other						Eliminations						Total
External sales			$	1,235,852					$	91,162					$	93,699					$	6,899					$	—					$	1,427,612
Intersegment			—						—						—						41,577						(41,577)						—
Total sales			1,235,852						91,162						93,699						48,476						(41,577)						1,427,612
Segment operating income			$	29,757					$	16,616					$	651					$	9,061					$	(5,453)					$	50,632

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

The following table reconciles segment operating income (loss) per the tables above to income (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)			2023						2022						2023						2022
Segment operating income			$	179,381					$	56,500					$	537,332					$	50,632
Gain on reimbursement of drilling equipment			10,642						9,895						37,940						21,597
Other gain (loss) on sale of assets			(4,504)						3,075						394						2,762
Corporate selling, general and administrative costs, corporate depreciation and corporate restructuring charges			(36,777)						(35,748)						(107,496)						(106,497)
Operating income (loss) from continuing operations			148,742						33,722						468,170						(31,506)
Other income (expense)
Interest and dividend income			10,748						5,313						20,508						11,301
Interest expense			(4,324)						(4,372)						(12,918)						(14,876)
Gain (loss) on investment securities			(18,538)						(14,310)						6,123						55,684
Loss on extinguishment of debt			—						—						—						(60,083)
Other			(685)						(1,148)						(2,088)						(2,166)
Total unallocated amounts			(12,799)						(14,517)						11,625						(10,140)
Income (loss) from continuing operations before income taxes			$	135,943					$	19,205					$	479,795					$	(41,646)

Schedule of Total Assets by Reportable Segment

The following table reconciles segment total assets to total assets as reported on the Unaudited Condensed Consolidated Balance Sheets:

(in thousands)			June 30, 2023						September 30, 2022
Total assets1
North America Solutions			$	3,381,446					$	3,406,824
Offshore Gulf of Mexico			77,539						80,993
International Solutions			406,471						330,974
Other			158,698						120,305
			4,024,154						3,939,096
Investments and corporate operations			316,662						416,435
			$	4,340,816					$	4,355,531

(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 June 30,												Nine Months Ended June 30,
(in thousands)			2023						2022						2023						2022
Operating revenues
United States			$	674,658					$	520,446					$	2,051,133					$	1,331,728
Argentina			32,388						18,615						101,712						63,216
Columbia			9,433						5,977						39,454						11,974
Bahrain			4,458						2,338						10,925						14,797
United Arab Emirates			2,401						2,188						7,280						3,711
Other foreign			618						669						2,311						2,186
Total			$	723,956					$	550,233					$	2,212,815					$	1,427,612

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