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Segments and Related Information (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial information by business segment for the three and nine months ended September 30, 2020 and 2019 is summarized in the following tables (in thousands).
RevenuesDepreciation and amortizationOperating income (loss)Capital expendituresTotal assets
Three Months Ended September 30, 2020
Well Site Services –
Completion Services$34,893 $12,914 $(14,330)$1,579 $248,715 
Drilling Services2,479 16 458 — 5,166 
Total Well Site Services37,372 12,930 (13,872)1,579 253,881 
Downhole Technologies(1)
18,713 5,701 (12,594)78 294,768 
Offshore/Manufactured Products78,674 5,401 3,875 686 541,661 
Corporate— 219 (8,249)19 90,476 
Total$134,759 $24,251 $(30,840)$2,362 $1,180,786 
RevenuesDepreciation and amortizationOperating income (loss)Capital expendituresTotal assets
Three Months Ended September 30, 2019
Well Site Services –
Completion Services$103,966 $17,024 $1,719 $6,088 $496,684 
Drilling Services(2)
12,034 3,164 (36,495)538 21,464 
Total Well Site Services116,000 20,188 (34,776)6,626 518,148 
Downhole Technologies42,882 5,309 659 4,045 700,789 
Offshore/Manufactured Products104,815 5,680 11,139 3,147 673,947 
Corporate— 189 (11,932)437 41,080 
Total$263,697 $31,366 $(34,910)$14,255 $1,933,964 
RevenuesDepreciation and
amortization
Operating income (loss)Capital
expenditures
Total assets
Nine months ended September 30, 2020
Well Site Services –
Completion Services(3)
$153,994 $41,032 $(176,408)$6,440 $248,715 
Drilling Services(4)
7,179 302 (5,338)114 5,166 
Total Well Site Services161,173 41,334 (181,746)6,554 253,881 
Downhole Technologies(5)
74,743 16,904 (216,395)2,892 294,768 
Offshore/Manufactured Products(6)
264,782 16,505 (82,202)2,208 541,661 
Corporate— 563 (25,633)(377)90,476 
Total$500,698 $75,306 $(505,976)$11,277 $1,180,786 
RevenuesDepreciation and
amortization
Operating income (loss)Capital
expenditures
Total assets
Nine months ended September 30, 2019
Well Site Services –
Completion Services$307,928 $51,558 $(2,282)$24,971 $496,684 
Drilling Services(2)
32,430 9,729 (43,655)2,452 21,464 
Total Well Site Services340,358 61,287 (45,937)27,423 518,148 
Downhole Technologies143,912 15,631 3,251 11,121 700,789 
Offshore/Manufactured Products294,723 17,240 26,207 6,413 673,947 
Corporate— 642 (35,666)875 41,080 
Total$778,993 $94,800 $(52,145)$45,832 $1,933,964 
________________
(1)Operating loss includes a non-cash inventory impairment charge of $5.9 million to reduce the carrying of the Downhole Technologies reporting unit's inventory to its estimated realizable value.
(2)Operating loss includes a non-cash fixed asset impairment charge of $33.7 million to reduce the carrying value of the Drilling Services reporting unit's fixed assets to their estimated realizable value.
(3)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, a non-cash inventory impairment charge of $9.0 million to reduce the carrying value of the Completion Services reporting unit's inventory to its estimated realizable value and a non-cash fixed asset impairment charge of $3.0 million to reduce the carrying value of certain of the Completion Services reporting unit's facilities to their estimated realizable value.
(4)Operating loss includes a non-cash fixed asset impairment charge of $5.2 million to further reduce the carrying value of the Drilling Services reporting unit's fixed assets to their estimated realizable value.
(5)Operating loss includes a 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 and a non-cash inventory impairment charge of $5.9 million to reduce the carrying value of the Downhole Technologies reporting unit's inventory to its estimated realizable value.
(6)Operating loss includes a non-cash goodwill impairment charge of $86.5 million to reduce the carrying value of the Offshore/Manufactured Products reporting unit to its estimated fair value and a non-cash inventory impairment charge of $16.2 million to reduce the carrying value of the Offshore/Manufactured Products reporting unit's inventory to its estimated net realizable value.
Supplemental Revenue Information by Segments
The following tables provide supplemental disaggregated revenue from contracts with customers by business segment for the three and nine months ended September 30, 2020 and 2019 (in thousands):
Well Site ServicesDownhole TechnologiesOffshore/Manufactured ProductsTotal
20202019202020192020201920202019
Three months ended September 30
Major revenue categories -
Project-driven products$— $— $— $— $41,004 $39,474 $41,004 $39,474 
Short-cycle:
Completion products and services34,893 103,966 18,713 42,882 3,664 26,710 57,270 173,558 
Drilling services2,479 12,034 — — — — 2,479 12,034 
Other products— — — — 4,200 7,988 4,200 7,988 
Total short-cycle37,372 116,000 18,713 42,882 7,864 34,698 63,949 193,580 
Other products and services— — — — 29,806 30,643 29,806 30,643 
$37,372 $116,000 $18,713 $42,882 $78,674 $104,815 $134,759 $263,697 
Well Site ServicesDownhole TechnologiesOffshore/Manufactured ProductsTotal
20202019202020192020201920202019
Nine months ended September 30
Major revenue categories -
Project-driven products$— $— $— $— $129,157 $105,236 $129,157 $105,236 
Short-cycle:
Completion products and services153,994 307,928 74,743 143,912 22,080 80,250 250,817 532,090 
Drilling services7,179 32,430 — — — — 7,179 32,430 
Other products— — — — 19,254 21,472 19,254 21,472 
Total short-cycle161,173 340,358 74,743 143,912 41,334 101,722 277,250 585,992 
Other products and services— — — — 94,291 87,765 94,291 87,765 
$161,173 $340,358 $74,743 $143,912 $264,782 $294,723 $500,698 $778,993