v3.8.0.1
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 118,315 $ 141,549
Accounts and Notes Receivable, net of allowance for bad debts of $7,596 at March 31, 2018 and $7,564 at December 31, 2017 126,685 122,511
Rig materials and supplies 31,822 31,415
Other current assets 20,438 22,361
Total current assets 297,260 317,836
Property, plant and equipment, net of accumulated depreciation of $1,353,509 at March 31, 2018 and $1,343,105 at December 31, 2017 610,744 625,771
Goodwill (Note 2) 6,708 6,708
Intangible assets, net (Note 2) 6,551 7,128
Deferred income taxes 1,826 1,284
Other noncurrent assets 28,041 31,552
Total assets 951,130 990,279
Current liabilities:    
Accounts payable and accrued liabilities 90,372 99,246
Accrued income taxes 4,191 4,430
Total current liabilities 94,563 103,676
Long-term debt, net of unamortized debt issuance costs of $6,596 at March 31, 2018 and $7,029 at December 31, 2017 578,404 577,971
Other long-term liabilities 11,110 12,433
Long-term deferred tax liability 78 78
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred Stock, $1.00 par value, 1,942,000 shares authorized, 7.25% Series A Mandatory Convertible, 500,000 shares issued and outstanding 500 500
Common Stock, $0.16 2/3 par value, authorized 280,000,000 shares, issued and outstanding, 139,249,563 shares (138,935,734 shares in 2017) 23,192 23,140
Capital in excess of par value 744,644 744,746
Accumulated deficit (497,549) (468,753)
Accumulated other comprehensive income (loss) (3,812) (3,512)
Total stockholders' equity 266,975 296,121
Total liabilities and stockholders' equity $ 951,130 $ 990,279

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