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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables) | 3 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information of Reportable Segments | Summarized financial information of our reportable segments for the three months ended December 31, 2024 and 2023 is shown in the following tables:
| Three Months Ended December 31, 2024
(in thousands) | North America Solutions |  | International Solutions |  | Offshore Gulf of Mexico |  | Other |  | Eliminations |  | Total
External sales | $ | 597,923 |  |  | $ | 47,480 |  |  | $ | 29,210 |  |  | $ | 2,689 |  |  | $ | — |  |  | $ | 677,302 |
Intersegment | 222 |  |  | — |  |  | — |  |  | 16,593 |  |  | (16,815) |  |  | — |
Total sales | 598,145 |  |  | 47,480 |  |  | 29,210 |  |  | 19,282 |  |  | (16,815) |  |  | 677,302 |
Segment operating income (loss) | $ | 151,994 |  |  | $ | (15,170) |  |  | $ | 3,505 |  |  | $ | 774 |  |  | $ | 102 |  |  | $ | 141,205 |
| Three Months Ended December 31, 2023
(in thousands) | North America Solutions |  | International Solutions |  | Offshore Gulf of Mexico |  | Other |  | Eliminations |  | Total
External sales | $ | 594,282 |  |  | $ | 54,752 |  |  | $ | 25,531 |  |  | $ | 2,582 |  |  | $ | — |  |  | $ | 677,147 |
Intersegment | — |  |  | — |  |  | — |  |  | 15,226 |  |  | (15,226) |  |  | — |
Total sales | 594,282 |  |  | 54,752 |  |  | 25,531 |  |  | 17,808 |  |  | (15,226) |  |  | 677,147 |
Segment operating income (loss) | $ | 144,490 |  |  | $ | 5,423 |  |  | $ | 3,052 |  |  | $ | (67) |  |  | $ | 334 |  |  | $ | 153,232 |
Schedule of Reconciliation of Segment Operating Income (Loss) to Income from Continuing Operations Before Income Taxes | The following table reconciles segment operating income per the tables above to income before income taxes as reported on the Unaudited Condensed Consolidated Statements of Operations:
| Three Months Ended December 31,
(in thousands) | 2024 |  | 2023
Segment operating income | $ | 141,205 |  |  | $ | 153,232 |
Acquisition transaction costs | (10,535) |  |  | — |
Gain on reimbursement of drilling equipment | 9,403 |  |  | 7,494 |
Other gain (loss) on sale of assets | (1,673) |  |  | 2,443 |
Corporate selling, general and administrative costs and corporate depreciation | (48,417) |  |  | (39,701) |
Operating income | 89,983 |  |  | 123,468 |
Other income (expense) |  |  |
Interest and dividend income | 21,741 |  |  | 10,734 |
Interest expense | (22,298) |  |  | (4,372) |
Loss on investment securities | (13,367) |  |  | (4,034) |
Other | 360 |  |  | (543) |
Total unallocated amounts | (13,564) |  |  | 1,785 |
Income before income taxes | $ | 76,419 |  |  | $ | 125,253 |
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) | December 31, 2024 |  | September 30, 2024
Total assets 1 |  |  |
North America Solutions | $ | 3,102,356 |  |  | $ | 3,225,410 |
International Solutions | 806,521 |  |  | 685,833 |
Offshore Gulf of Mexico | 69,542 |  |  | 73,119 |
Other | 163,659 |  |  | 157,877 |
| 4,142,078 |  |  | 4,142,239 |
Investments and corporate operations | 1,674,543 |  |  | 1,639,659 |
| $ | 5,816,621 |  |  | $ | 5,781,898 |
(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) | 2024 |  | 2023
Operating revenues |  |  |
United States | $ | 628,680 |  |  | $ | 621,617 |
Argentina | 34,660 |  |  | 35,876 |
Bahrain | 4,848 |  |  | 4,497 |
Australia | 4,757 |  |  | 4,312 |
Saudi Arabia | 3,231 |  |  | — |
Colombia | — |  |  | 7,703 |
United Arab Emirates | — |  |  | 2,365 |
Other foreign | 1,126 |  |  | 777 |
Total | $ | 677,302 |  |  | $ | 677,147 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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