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Unaudited Quarterly Financial Information | 12 Months Ended
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Dec. 31, 2016
Unaudited Quarterly Financial Information |
Unaudited Quarterly Financial Information | Note 20 Unaudited Quarterly Financial Information
|  | Year Ended December 31, 2016 |
|  | Quarter Ended |
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | (In thousands, except per share amounts) |
Operating revenues |  | $ | 597,571 |  | $ | 571,591 |  | $ | 519,729 |  | $ | 538,948 |
Income (loss) from continuing operations, net of tax |  | $ | (396,644) |  | $ | (186,565) |  | $ | (97,839) |  | $ | (330,196) |
Income (loss) from discontinued operations, net of tax |  |  | (926) |  |  | (984) |  |  | (12,187) |  |  | (4,266) |
Net income (loss) |  |  | (397,570) |  |  | (187,549) |  |  | (110,026) |  |  | (334,462) |
Less: Net (income) loss attributable to noncontrolling interest |  |  | (724) |  |  | 2,899 |  |  | (1,185) |  |  | (1,125) |
Net income (loss) attributable to Nabors |  | $ | (398,294) |  | $ | (184,650) |  | $ | (111,211) |  | $ | (335,587) |
Earnings (losses) per share: (1) |  |  |  |  |  |  |  |  |  |  |  |  |
Basic from continuing operations |  | $ | (1.41) |  | $ | (0.65) |  | $ | (0.35) |  | $ | (1.17) |
Basic from discontinued operations |  |  | — |  |  | — |  |  | (0.04) |  |  | (0.01) |
Total Basic |  | $ | (1.41) |  | $ | (0.65) |  | $ | (0.39) |  | $ | (1.18) |
Diluted from continuing operations |  | $ | (1.41) |  | $ | (0.65) |  | $ | (0.35) |  | $ | (1.17) |
Diluted from discontinued operations |  |  | — |  |  | — |  |  | (0.04) |  |  | (0.01) |
Total Diluted |  | $ | (1.41) |  | $ | (0.65) |  | $ | (0.39) |  | $ | (1.18) |
|  | Year Ended December 31, 2015 |
|  | Quarter Ended |
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | (In thousands, except per share amounts) |
Operating revenues |  | $ | 1,414,707 |  | $ | 863,305 |  | $ | 847,553 |  | $ | 738,872 |
Income (loss) from continuing operations, net of tax |  | $ | 124,362 |  | $ | (41,890) |  | $ | (250,879) |  | $ | (161,090) |
Income (loss) from discontinued operations, net of tax |  |  | (817) |  |  | 5,025 |  |  | (45,275) |  |  | (1,730) |
Net income (loss) |  |  | 123,545 |  |  | (36,865) |  |  | (296,154) |  |  | (162,820) |
Less: Net (income) loss attributable to noncontrolling interest |  |  | 89 |  |  | 44 |  |  | 320 |  |  | (834) |
Net income (loss) attributable to Nabors |  | $ | 123,634 |  | $ | (36,821) |  | $ | (295,834) |  | $ | (163,654) |
Earnings (losses) per share: (1) |  |  |  |  |  |  |  |  |  |  |  |  |
Basic from continuing operations |  | $ | 0.43 |  | $ | (0.14) |  | $ | (0.86) |  | $ | (0.57) |
Basic from discontinued operations |  |  | — |  |  | 0.01 |  |  | (0.16) |  |  | (0.01) |
Total Basic |  | $ | 0.43 |  | $ | (0.13) |  | $ | (1.02) |  | $ | (0.58) |
Diluted from continuing operations |  | $ | 0.43 |  | $ | (0.14) |  | $ | (0.86) |  | $ | (0.57) |
Diluted from discontinued operations |  |  | (0.01) |  |  | 0.01 |  |  | (0.16) |  |  | (0.01) |
Total Diluted |  | $ | 0.42 |  | $ | (0.13) |  | $ | (1.02) |  | $ | (0.58) |
| (1) |  | Earnings per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share may not equal the total computed for the year.

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