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Unaudited Quarterly Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2017
Unaudited Quarterly Financial Information |
Unaudited Quarterly Financial Information |
|  | Year Ended December 31, 2017 |
|  | Quarter Ended |
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | (In thousands, except per share amounts) |
Operating revenues |  | $ | 562,550 |  | $ | 631,355 |  | $ | 662,103 |  | $ | 708,277 |
Income (loss) from continuing operations, net of tax |  | $ | (147,628) |  | $ | (115,476) |  | $ | (119,285) |  | $ | (114,725) |
Income (loss) from discontinued operations, net of tax |  |  | (439) |  |  | (15,504) |  |  | (27,134) |  |  | (442) |
Net income (loss) |  |  | (148,067) |  |  | (130,980) |  |  | (146,419) |  |  | (115,167) |
Less: Net (income) loss attributable to noncontrolling interest |  |  | (917) |  |  | (1,971) |  |  | (2,113) |  |  | (1,177) |
Net income (loss) attributable to Nabors |  | $ | (148,984) |  | $ | (132,951) |  | $ | (148,532) |  | $ | (116,344) |
Earnings (losses) per share: (1) |  |  |  |  |  |  |  |  |  |  |  |  |
Basic from continuing operations |  | $ | (0.52) |  | $ | (0.41) |  | $ | (0.42) |  | $ | (0.40) |
Basic from discontinued operations |  |  | — |  |  | (0.05) |  |  | (0.10) |  |  | — |
Total Basic |  | $ | (0.52) |  | $ | (0.46) |  | $ | (0.52) |  | $ | (0.40) |
Diluted from continuing operations |  | $ | (0.52) |  | $ | (0.41) |  | $ | (0.42) |  | $ | (0.40) |
Diluted from discontinued operations |  |  | — |  |  | (0.05) |  |  | (0.10) |  |  | — |
Total Diluted |  | $ | (0.52) |  | $ | (0.46) |  | $ | (0.52) |  | $ | (0.40) |
|  | 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) |
| (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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