BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)
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3 Months Ended |
Dec. 31, 2024 |
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| Segment Reporting [Abstract] |
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| Schedule of Financial Information of Reportable Segments |
Summarized financial information of our reportable segments for the three months ended December 31, 2024 and 2023 is shown in the following tables: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, 2024 | | (in thousands) | North America Solutions | | International Solutions | | Offshore Gulf of Mexico | | Other | | Eliminations | | Total | | External sales | $ | 597,923 | | | $ | 47,480 | | | $ | 29,210 | | | $ | 2,689 | | | $ | — | | | $ | 677,302 | | | Intersegment | 222 | | | — | | | — | | | 16,593 | | | (16,815) | | | — | | | Total sales | 598,145 | | | 47,480 | | | 29,210 | | | 19,282 | | | (16,815) | | | 677,302 | | | | | | | | | | | | | | Segment operating income (loss) | $ | 151,994 | | | $ | (15,170) | | | $ | 3,505 | | | $ | 774 | | | $ | 102 | | | $ | 141,205 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, 2023 | | (in thousands) | North America Solutions | | International Solutions | | Offshore Gulf of Mexico | | Other | | Eliminations | | Total | | External sales | $ | 594,282 | | | $ | 54,752 | | | $ | 25,531 | | | $ | 2,582 | | | $ | — | | | $ | 677,147 | | | Intersegment | — | | | — | | | — | | | 15,226 | | | (15,226) | | | — | | | Total sales | 594,282 | | | 54,752 | | | 25,531 | | | 17,808 | | | (15,226) | | | 677,147 | | | | | | | | | | | | | | Segment operating income (loss) | $ | 144,490 | | | $ | 5,423 | | | $ | 3,052 | | | $ | (67) | | | $ | 334 | | | $ | 153,232 | |
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| Schedule of Reconciliation of Segment Operating Income (Loss) to Income from Continuing Operations Before Income Taxes |
The following table reconciles segment operating income per the tables above to income before income taxes as reported on the Unaudited Condensed Consolidated Statements of Operations: | | | | | | | | | | | | | Three Months Ended
December 31, | | (in thousands) | 2024 | | 2023 | | Segment operating income | $ | 141,205 | | | $ | 153,232 | | | Acquisition transaction costs | (10,535) | | | — | | | Gain on reimbursement of drilling equipment | 9,403 | | | 7,494 | | | Other gain (loss) on sale of assets | (1,673) | | | 2,443 | | | Corporate selling, general and administrative costs and corporate depreciation | (48,417) | | | (39,701) | | | Operating income | 89,983 | | | 123,468 | | | Other income (expense) | | | | | Interest and dividend income | 21,741 | | | 10,734 | | | Interest expense | (22,298) | | | (4,372) | | | Loss on investment securities | (13,367) | | | (4,034) | | | | | | | | | | | Other | 360 | | | (543) | | | Total unallocated amounts | (13,564) | | | 1,785 | | | Income before income taxes | $ | 76,419 | | | $ | 125,253 | |
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| Schedule of Total Assets by Reportable Segment |
The following table reconciles segment total assets to total assets as reported on the Unaudited Condensed Consolidated Balance Sheets: | | | | | | | | | | | | | (in thousands) | December 31, 2024 | | September 30, 2024 | Total assets1 | | | | | North America Solutions | $ | 3,102,356 | | | $ | 3,225,410 | | | International Solutions | 806,521 | | | 685,833 | | | Offshore Gulf of Mexico | 69,542 | | | 73,119 | | | Other | 163,659 | | | 157,877 | | | 4,142,078 | | | 4,142,239 | | | Investments and corporate operations | 1,674,543 | | | 1,639,659 | | | $ | 5,816,621 | | | $ | 5,781,898 | |
(1)Assets by segment exclude investments in subsidiaries and intersegment activity.
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| Schedule of Revenues from External Customers by Country |
The following table presents revenues from external customers by country based on the location of service provided: | | | | | | | | | | | | | Three Months Ended
December 31, | | (in thousands) | 2024 | | 2023 | | Operating revenues | | | | | United States | $ | 628,680 | | | $ | 621,617 | | | Argentina | 34,660 | | | 35,876 | | | Bahrain | 4,848 | | | 4,497 | | | Australia | 4,757 | | | 4,312 | | | Saudi Arabia | 3,231 | | | — | | | Colombia | — | | | 7,703 | | | United Arab Emirates | — | | | 2,365 | | | Other foreign | 1,126 | | | 777 | | | Total | $ | 677,302 | | | $ | 677,147 | |
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