v3.7.0.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2017
Segment Information |
Financial information with respect to operating segments | Note 11 Segment Information The following table sets forth financial information with respect to our reportable operating segments:
|  |  | Three Months Ended |
|  |  | March 31, |
|  |  | 2017 |  | 2016 |
| (In thousands)
Operating revenues: |  |  |  |  |  |  |  |
Drilling & Rig Services: |  |  |  |  |  |  |  |
U.S. |  |  | $ | 161,934 |  | $ | 148,676 |
Canada |  |  |  | 27,808 |  |  | 17,494 |
International |  |  |  | 338,223 |  |  | 401,055 |
Rig Services |  |  |  | 71,441 |  |  | 53,853 |
Subtotal Drilling & Rig Services |  |  |  | 599,406 |  |  | 621,078 |
Other reconciling items (1) |  |  |  | (36,856) |  |  | (23,507) |
Total |  |  | $ | 562,550 |  | $ | 597,571 |
|  |  | Three Months Ended |
|  |  | March 31, |
|  |  | 2017 |  | 2016 |
| (In thousands)
Adjusted operating income (loss): (2) |  |  |  |  |  |  |  |
Drilling & Rig Services: |  |  |  |  |  |  |  |
U.S. |  |  | $ | (63,182) |  | $ | (47,559) |
Canada |  |  |  | (4,011) |  |  | (7,278) |
International |  |  |  | 11,974 |  |  | 46,872 |
Rig Services |  |  |  | (9,109) |  |  | (10,644) |
Total |  |  | $ | (64,328) |  | $ | (18,609) |
|  |  | Three Months Ended |
|  |  | March 31, |
|  |  | 2017 |  | 2016 |
| (In thousands)
Reconciliation of adjusted operating income (loss) to net income (loss) from continuing operations before income taxes: |  |  |  |  |  |  |  |
Total segment adjusted operating income (loss) (2) |  |  | $ | (64,328) |  | $ | (18,609) |
Other reconciling items (3) |  |  |  | (39,604) |  |  | (35,157) |
Earnings (losses) from unconsolidated affiliates |  |  |  | 2 |  |  | (167,151) |
Investment income (loss) |  |  |  | 721 |  |  | 343 |
Interest expense |  |  |  | (56,518) |  |  | (45,730) |
Other, net |  |  |  | (13,510) |  |  | (182,404) |
Income (loss) from continuing operations before income taxes |  |  | $ | (173,237) |  | $ | (448,708) |
|  | March 31, |  | December 31, |
|  | 2017 |  | 2016 |
|  | (In thousands) |
Total assets: |  |  |  |  |  |  |
Drilling & Rig Services: |  |  |  |  |  |  |
U.S. |  | $ | 3,246,887 |  | $ | 3,172,767 |
Canada |  |  | 332,121 |  |  | 329,620 |
International |  |  | 3,552,771 |  |  | 3,600,057 |
Rig Services |  |  | 370,470 |  |  | 359,435 |
Subtotal Drilling & Rig Services |  |  | 7,502,249 |  |  | 7,461,879 |
Other reconciling items (3) |  |  | 593,063 |  |  | 725,136 |
Total |  | $ | 8,095,312 |  | $ | 8,187,015 |
| (1) |  | Represents the elimination of inter-segment transactions.
| (2) |  | Adjusted operating income (loss) is computed by subtracting the sum of direct costs, general and administrative expenses, research and engineering expenses and depreciation and amortization from operating revenues. Management evaluates the performance of our operating segments using adjusted operating income (loss), which is a segment performance measure, because it believes that this financial measure reflects our ongoing profitability and performance. In addition, securities analysts and investors use this measure as one of the metrics on which they analyze our performance. A reconciliation to income (loss) from continuing operations before income taxes is provided in the above table.
| (3) |  | Represents the elimination of inter-segment transactions and unallocated corporate expenses, assets and capital expenditures.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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