Geographic Areas

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Geographic Areas

10. Geographic Areas

	Three months ended March 31,
	Western Hemisphere				Eastern Hemisphere					Asia-Pacific				DQ Corporate						Total
	2020		2019		2020			2019		2020		2019		2020			2019			2020			2019
	(In thousands)
Revenues
Products
Point in Time	$	22,964	$	23,767	$	8,962		$	14,118	$	5,447	$	10,440	$	-		$	-		$	37,373		$	48,325
Over Time		18,508		12,609		9,217			4,500		2,460		-		-			-			30,185			17,109
Total Products		41,472		36,376		18,179			18,618		7,907		10,440		-			-			67,558			65,434
Services
Technical Advisory		7,396		7,022		3,496			4,082		3,289		3,195		-			-			14,181			14,299
Reconditioning		3,560		2,823		842			923		231		431		-			-			4,633			4,177
Total Services (excluding rental tools)		10,956		9,845		4,338			5,005		3,520		3,626		-			-			18,814			18,476
Leasing		4,761		6,321		2,748			2,647		2,117		1,439		-			-			9,626			10,407
Total Services (including rental tools)		15,717		16,166		7,086			7,652		5,637		5,065		-			-			28,440			28,883
Intercompany		3,314		4,091		331			144		2,256		740					-			5,901			4,975
Eliminations		-		-		-			-		-		-		(5,901	)		(4,975	)		(5,901	)		(4,975	)
Total Revenues	$	60,503	$	56,633	$	25,596		$	26,414	$	15,800	$	16,245	$	(5,901	)	$	(4,975	)	$	95,998		$	94,317
Depreciation and amortization	$	5,622	$	5,419	$	974		$	1,053	$	1,340	$	1,198	$	937		$	686		$	8,873		$	8,356
Income (loss) before income taxes	$	8,153	$	1,579	$	(28,321	)	$	6,581	$	1,569	$	5,196	$	(22,708	)	$	(17,074	)	$	(41,307	)	$	(3,718	)

During the three months ended March 31, 2020, we recorded impairments, restructuring and other charges of $40.4 million. Of these charges, $32.1 million were recorded in the Eastern Hemisphere, $1.9 million in the Western Hemisphere and $6.2 million in DQ Corporate and $0.2 million in Asia-Pacific.

	March 31, 2020			December 31, 2019
	(In thousands)
Total long-lived assets:
Western Hemisphere	$	375,729		$	379,776
Eastern Hemisphere		235,939			246,854
Asia-Pacific		70,088			71,384
Eliminations		(371,937	)		(371,938	)
Total	$	309,819		$	326,076
Total assets:
Western Hemisphere	$	777,321		$	732,716
Eastern Hemisphere		786,238			818,803
Asia-Pacific		179,839			181,188
Eliminations		(607,288	)		(526,142	)
Total	$	1,136,110		$	1,206,565

During the three months ended March 31, 2020, we wrote-down some of our inventory and long-lived assets balances in the amount of $24.2 million, of which $22.3 million was recorded in the Eastern Hemisphere and $1.9 million in the Western Hemisphere. We also recorded a $7.7 million impairment of our Goodwill balance all of which was in the Eastern Hemisphere.

The Company’s operations are organized into three geographic segments - Western Hemisphere (including North and South America; headquartered in Houston, Texas), Eastern Hemisphere (including Europe and Africa; headquartered in Aberdeen, Scotland) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East; headquartered in Singapore). Each of these segments sells similar products and services and the Company has major manufacturing facilities in all three of its regional headquarter locations as well as in Macae, Brazil.

Eliminations of operating profits are related to intercompany inventory transfers that are deferred until shipment is made to third party customers.