Segments and Related Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by business segment for the three months ended March 31, 2020 and 2019 is summarized in the following tables (in thousands).

	Revenues		Depreciation and amortization		Operating income (loss)			Capital expenditures		Total assets
Three months ended March 31, 2020
Well Site Services –
Completion Services(1)	$	82,926	$	14,766	$	(139,603	)	$	2,938	$	313,349
Drilling Services(2)	4,531		270		(5,351		)	114		7,506
Total Well Site Services	87,457		15,036		(144,954		)	3,052		320,855
Downhole Technologies(3)	41,065		5,584		(192,691		)	1,649		333,518
Offshore/Manufactured Products(4)	91,172		5,628		(95,496		)	1,065		562,179
Corporate	—		161		(8,661		)	115		95,458
Total	$	219,694	$	26,409	$	(441,802	)	$	5,881	$	1,312,010

	Revenues		Depreciation and amortization		Operating income (loss)			Capital expenditures		Total assets
Three months ended March 31, 2019
Well Site Services –
Completion Services	$	100,642	$	17,286	$	(3,494	)	$	11,682	$	521,553
Drilling Services	7,750		3,341		(4,559		)	949		55,785
Total Well Site Services	108,392		20,627		(8,053		)	12,631		577,338
Downhole Technologies	54,290		5,066		4,054			3,616		715,217
Offshore/Manufactured Products	87,929		5,587		5,259			1,546		677,907
Corporate	—		271		(12,100		)	129		46,765
Total	$	250,611	$	31,551	$	(10,840	)	$	17,922	$	2,017,227

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(1) Operating loss includes a non-cash goodwill impairment charge of $127.1 million to reduce the carrying value of the Completion Services reporting unit to its estimated fair value and an inventory impairment charge of $9.0 million to reduce the carrying value of the Completion Services reporting unit's inventory to its estimated net realizable value.

(2) Operating loss includes a non-cash fixed asset impairment charge of $5.2 million to reduce the carrying value of the Drilling Services business's fixed assets to their estimated realizable value.

(3)

Operating loss includes non-cash goodwill impairment charge of $192.5 million to reduce the carrying value of the Downhole Technologies reporting unit to its estimated fair value.

Supplemental Revenue Information by Segments

The following table provides supplemental disaggregated revenue from contracts with customers by business segment for the three months ended March 31, 2020 and 2019 (in thousands):

	Well Site Services				Downhole Technologies				Offshore/Manufactured Products				Total
	2020		2019		2020		2019		2020		2019		2020		2019
Three months ended March 31
Major revenue categories -
Project-driven products	$	—	$	—	$	—	$	—	$	36,788	$	27,245	$	36,788	$	27,245
Short-cycle:
Completion products and services	82,926		100,642		41,065		54,290		13,649		24,274		137,640		179,206
Drilling services	4,531		7,750		—		—		—		—		4,531		7,750
Other products	—		—		—		—		8,420		7,739		8,420		7,739
Total short-cycle	87,457		108,392		41,065		54,290		22,069		32,013		150,591		194,695
Other products and services	—		—		—		—		32,315		28,671		32,315		28,671
	$	87,457	$	108,392	$	41,065	$	54,290	$	91,172	$	87,929	$	219,694	$	250,611