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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
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Dec. 31, 2014
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|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 113,199us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 108,456us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Accounts and Notes Receivable, net of allowance for bad debts of $9,289 at March 31, 2015 and $11,188 at December 31, 2014. | 279,420us-gaap_AccountsNotesAndLoansReceivableNetCurrent | 270,952us-gaap_AccountsNotesAndLoansReceivableNetCurrent |
| Rig materials and supplies | 50,336us-gaap_InventoryNet | 47,943us-gaap_InventoryNet |
| Deferred costs | 6,432us-gaap_DeferredCostsCurrent | 5,673us-gaap_DeferredCostsCurrent |
| Deferred income taxes | 5,648us-gaap_DeferredTaxAssetsNetCurrent | 7,476us-gaap_DeferredTaxAssetsNetCurrent |
| Other tax assets | 9,200us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther | 10,723us-gaap_DeferredTaxAssetsTaxCreditCarryforwardsOther |
| Other current assets | 19,018us-gaap_OtherAssetsCurrent | 18,556us-gaap_OtherAssetsCurrent |
| Total current assets | 483,253us-gaap_AssetsCurrent | 469,779us-gaap_AssetsCurrent |
| Property, plant and equipment, net of accumulated depreciation of $1,223,119 at March 31, 2015 and $1,201,058 at December 31, 2014. | 885,233us-gaap_PropertyPlantAndEquipmentNet | 895,940us-gaap_PropertyPlantAndEquipmentNet |
| Debt issuance costs | 13,434us-gaap_DeferredFinanceCostsNoncurrentNet | 12,526us-gaap_DeferredFinanceCostsNoncurrentNet |
| Deferred income taxes | 135,820us-gaap_DeferredTaxAssetsNetNoncurrent | 122,689us-gaap_DeferredTaxAssetsNetNoncurrent |
| Other noncurrent assets | 22,575us-gaap_OtherAssetsNoncurrent | 19,725us-gaap_OtherAssetsNoncurrent |
| Total assets | 1,540,315us-gaap_Assets | 1,520,659us-gaap_Assets |
| Current liabilities: | ||
| Current portion of long-term debt | 0us-gaap_LongTermDebtCurrent | 10,000us-gaap_LongTermDebtCurrent |
| Accounts payable and accrued liabilities | 193,932us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent | 154,479us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
| Accrued income taxes | 15,467us-gaap_AccruedIncomeTaxesCurrent | 14,186us-gaap_AccruedIncomeTaxesCurrent |
| Total current liabilities | 209,399us-gaap_LiabilitiesCurrent | 178,665us-gaap_LiabilitiesCurrent |
| Long-term debt | 585,000us-gaap_LongTermDebtNoncurrent | 605,000us-gaap_LongTermDebtNoncurrent |
| Other long-term liabilities | 18,559us-gaap_OtherLiabilitiesNoncurrent | 18,665us-gaap_OtherLiabilitiesNoncurrent |
| Long-term deferred tax liability | 58,312us-gaap_DeferredTaxLiabilitiesNoncurrent | 52,115us-gaap_DeferredTaxLiabilitiesNoncurrent |
| Stockholders’ equity: | ||
| Common stock | 20,342us-gaap_CommonStockValue | 20,325us-gaap_CommonStockValue |
| Capital in excess of par value | 668,324us-gaap_AdditionalPaidInCapitalCommonStock | 666,769us-gaap_AdditionalPaidInCapitalCommonStock |
| Accumulated deficit | (20,943)us-gaap_RetainedEarningsAccumulatedDeficit | (24,165)us-gaap_RetainedEarningsAccumulatedDeficit |
| Accumulated other comprehensive income | (2,855)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | (498)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
| Total controlling interest stockholders’ equity | 664,868us-gaap_StockholdersEquity | 662,431us-gaap_StockholdersEquity |
| Noncontrolling interest | 4,177us-gaap_MinorityInterest | 3,783us-gaap_MinorityInterest |
| Total equity | 669,045us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 666,214us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
| Total liabilities and stockholders’ equity | $ 1,540,315us-gaap_LiabilitiesAndStockholdersEquity | $ 1,520,659us-gaap_LiabilitiesAndStockholdersEquity |
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- Definition
The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of deferred costs capitalized at the end of the reporting period that are expected to be charged against earnings within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net amount of long-term deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to other deductible tax credit carryforwards not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, netted by jurisdiction and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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