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Business Segments | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Business Segments | 14. Business Segments At September 30, 2018, the Company had three business segments: (i) contract drilling of oil and natural gas wells, (ii) pressure pumping services and (iii) directional drilling services. Each of these segments represents a distinct type of business and has a separate management team that reports to the Company’s chief operating decision maker. The results of operations in these segments are regularly reviewed by the chief operating decision maker for purposes of determining resource allocation and assessing performance. The following tables summarize selected financial information relating to the Company’s business segments (in thousands):
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | September 30, |
| 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling | $ | 365,697 |  |  | $ | 301,954 |  |  | $ | 1,044,190 |  |  | $ | 731,496 |
Pressure pumping |  | 421,606 |  |  |  | 362,441 |  |  |  | 1,253,693 |  |  |  | 793,659 |
Directional drilling |  | 51,556 |  |  |  | — |  |  |  | 152,877 |  |  |  | — |
Other operations (a) |  | 33,087 |  |  |  | 22,832 |  |  |  | 94,457 |  |  |  | 48,092 |
Elimination of intercompany revenues (b) |  | (4,468 | ) |  |  | (2,238 | ) |  |  | (14,157 | ) |  |  | (3,897 | )
Total revenues | $ | 867,478 |  |  | $ | 684,989 |  |  | $ | 2,531,060 |  |  | $ | 1,569,350 |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling | $ | (42,704 | ) |  | $ | (20,397 | ) |  | $ | (60,058 | ) |  | $ | (155,465 | )
Pressure pumping |  | (1,487 | ) |  |  | 16,841 |  |  |  | 44,539 |  |  |  | (1,414 | )
Directional drilling |  | (8,995 | ) |  |  | — |  |  |  | (21,586 | ) |  |  | — |
Other operations |  | (4,861 | ) |  |  | (6,516 | ) |  |  | (13,727 | ) |  |  | (13,030 | )
Corporate |  | (23,005 | ) |  |  | (31,735 | ) |  |  | (70,876 | ) |  |  | (119,483 | )
Other operating income, net (c) |  | 771 |  |  |  | 3,791 |  |  |  | 10,321 |  |  |  | 18,501 |
Interest income |  | 817 |  |  |  | 101 |  |  |  | 4,600 |  |  |  | 1,149 |
Interest expense |  | (12,376 | ) |  |  | (9,584 | ) |  |  | (38,668 | ) |  |  | (26,929 | )
Other |  | 281 |  |  |  | 78 |  |  |  | 666 |  |  |  | 226 |
Loss before income taxes | $ | (91,559 | ) |  | $ | (47,421 | ) |  | $ | (144,789 | ) |  | $ | (296,445 | )
Depreciation, depletion, amortization and impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling | $ | 179,979 |  |  | $ | 133,603 |  |  | $ | 441,834 |  |  | $ | 405,576 |
Pressure pumping |  | 76,986 |  |  |  | 51,274 |  |  |  | 191,370 |  |  |  | 141,329 |
Directional drilling |  | 12,263 |  |  |  | — |  |  |  | 35,039 |  |  |  | — |
Other operations |  | 10,545 |  |  |  | 9,534 |  |  |  | 29,688 |  |  |  | 19,826 |
Corporate |  | 1,879 |  |  |  | 2,231 |  |  |  | 5,997 |  |  |  | 5,456 |
Total depreciation, depletion, amortization and impairment | $ | 281,652 |  |  | $ | 196,642 |  |  | $ | 703,928 |  |  | $ | 572,187 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling | $ | 103,295 |  |  | $ | 106,879 |  |  | $ | 299,637 |  |  | $ | 222,426 |
Pressure pumping |  | 44,860 |  |  |  | 27,230 |  |  |  | 125,978 |  |  |  | 85,423 |
Directional drilling |  | 6,855 |  |  |  | — |  |  |  | 29,718 |  |  |  | — |
Other operations |  | 6,817 |  |  |  | 8,647 |  |  |  | 23,524 |  |  |  | 21,016 |
Corporate |  | 958 |  |  |  | 305 |  |  |  | 1,711 |  |  |  | 986 |
Total capital expenditures | $ | 162,785 |  |  | $ | 143,061 |  |  | $ | 480,568 |  |  | $ | 329,851 |
| September 30, |  |  | December 31, |
| 2018 |  |  | 2017 |
Identifiable assets: |  |  |  |  |  |  |
Contract drilling | $ | 3,844,276 |  |  | $ | 3,931,994 |
Pressure pumping |  | 1,178,927 |  |  |  | 1,209,424 |
Directional drilling |  | 323,380 |  |  |  | 301,275 |
Other operations |  | 174,141 |  |  |  | 172,094 |
Corporate (d) |  | 299,218 |  |  |  | 144,069 |
Total assets | $ | 5,819,942 |  |  | $ | 5,758,856 |
(a) | Other operations includes the Company’s oilfield rentals business, pipe handling components and related technology business, oil and natural gas working interests and Middle East/North Africa activities.
(b) | Intercompany revenues consists of contract drilling intercompany revenues for services provided to other operations and also includes revenues from other operations for services provided to contract drilling, pressure pumping and within other operations.
(c) | Other operating income, net includes net gains associated with the disposal of assets related to corporate strategy decisions of the executive management group. Accordingly, the related gains have been excluded from the operating results of specific segments. This caption also includes certain legal-related expenses and settlements, net of insurance reimbursements.
(d) | Corporate assets primarily include cash on hand and certain property and equipment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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