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Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2019
Segment Information |
Segment Information | Note 11 Segment Information ​ The following table sets forth financial information with respect to our reportable operating segments: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ |  | June 30, | ​ | June 30, | ​
​ | ​ |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
​ | (In thousands)
Operating revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Drilling | ​ | ​ | $ | 323,402 | ​ | $ | 264,395 | ​ | $ | 643,611 | ​ | $ | 505,397 | ​
Canada Drilling | ​ | ​ |  | 11,389 | ​ |  | 17,442 | ​ |  | 36,704 | ​ |  | 49,329 | ​
International Drilling | ​ | ​ |  | 326,905 | ​ |  | 377,986 | ​ |  | 664,161 | ​ |  | 746,831 | ​
Drilling Solutions | ​ | ​ |  | 64,583 | ​ |  | 59,859 | ​ |  | 130,005 | ​ |  | 122,507 | ​
Rig Technologies | ​ | ​ |  | 72,751 | ​ |  | 81,321 | ​ |  | 144,504 | ​ |  | 145,990 | ​
Other reconciling items (1) | ​ | ​ |  | (27,624) | ​ |  | (39,083) | ​ |  | (47,939) | ​ |  | (73,940) | ​
Total | ​ | ​ | $ | 771,406 | ​ | $ | 761,920 | ​ | $ | 1,571,046 | ​ | $ | 1,496,114 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ |  | June 30, | ​ | June 30, | ​
​ | ​ |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
​ | (In thousands)
Adjusted operating income (loss): (2) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Drilling | ​ | ​ | $ | 20,392 | ​ | $ | (13,107) | ​ | $ | 45,075 | ​ | $ | (32,853) | ​
Canada Drilling | ​ | ​ |  | (5,537) | ​ |  | (4,608) | ​ |  | (5,596) | ​ |  | (5,200) | ​
International Drilling | ​ | ​ |  | (6,884) | ​ |  | 24,486 | ​ |  | (12,521) | ​ |  | 49,022 | ​
Drilling Solutions | ​ | ​ |  | 13,793 | ​ |  | 7,546 | ​ |  | 26,648 | ​ |  | 16,267 | ​
Rig Technologies | ​ | ​ |  | 496 | ​ |  | (3,433) | ​ |  | (4,652) | ​ |  | (16,409) | ​
Total segment adjusted operating income (loss) | ​ | ​ | $ | 22,260 | ​ | $ | 10,884 | ​ | $ | 48,954 | ​ | $ | 10,827 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ |  | June 30, | ​ | June 30, | ​
​ | ​ |  | 2019 |  | 2018 |  | 2019 |  | 2018 |
​ | (In thousands)
Reconciliation of segment adjusted operating income (loss) to net income (loss) from continuing operations before income taxes: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total segment adjusted operating income (loss) (2) | ​ | ​ | $ | 22,260 | ​ | $ | 10,884 | ​ | $ | 48,954 | ​ | $ | 10,827 | ​
Other reconciling items (3) | ​ | ​ |  | (42,172) | ​ |  | (41,463) | ​ |  | (82,261) | ​ |  | (86,440) | ​
Earnings (losses) from unconsolidated affiliates | ​ | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | (5) | ​ | ​ | 1 | ​
Investment income (loss) | ​ | ​ |  | 469 | ​ | ​ | (3,164) | ​ |  | 10,146 | ​ | ​ | (2,699) | ​
Interest expense | ​ | ​ | ​ | (51,491) | ​ | ​ | (60,592) | ​ | ​ | (103,843) | ​ | ​ | (121,978) | ​
Impairments and other charges | ​ | ​ | ​ | (102,570) | ​ | ​ | (69,620) | ​ | ​ | (99,903) | ​ | ​ | (76,664) | ​
Other, net | ​ | ​ | ​ | (7,899) | ​ | ​ | (7,981) | ​ | ​ | (28,068) | ​ | ​ | (15,026) | ​
Income (loss) from continuing operations before income taxes | ​ | ​ | $ | (181,403) | ​ | $ | (171,937) | ​ | $ | (254,980) | ​ | $ | (291,979) | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31, | ​
​ |  | 2019 |  | 2018 |
​ | ​ | (In thousands) |
Total assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Drilling | ​ | $ | 2,897,846 | ​ | $ | 2,982,974 | ​
Canada Drilling | ​ |  | 223,881 | ​ |  | 252,817 | ​
International Drilling | ​ |  | 3,104,495 | ​ |  | 3,320,347 | ​
Drilling Solutions | ​ |  | 251,536 | ​ |  | 281,078 | ​
Rig Technologies | ​ |  | 422,788 | ​ |  | 401,044 | ​
Other reconciling items (3) | ​ |  | 613,957 | ​ |  | 615,684 | ​
Total | ​ | $ | 7,514,503 | ​ | $ | 7,853,944 | ​
(1) | Represents the elimination of inter-segment transactions.
​
(2) | Adjusted operating income (loss) represents income (loss) from continuing operations before income taxes, interest expense, earnings (losses) from unconsolidated affiliates, investment income (loss), impairments and other charges and other, net. 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 and assets.

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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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