Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of condensed financial statements

The following table sets forth certain financial information with respect to the Company’s reportable segments for the years ended December 31, 2019 and 2018 (in thousands):



	Well Servicing		Coiled Tubing		Fluid Logistics		Consolidated
Year ended December 31, 2019
Operating revenues	$	91,521	$	52,335	$	44,566	$	188,422
Direct operating costs	72,980		51,982		34,635		159,597
Segment profits	$	18,541	$	353	$	9,931	$	28,825
Depreciation and amortization	$	9,697	$	10,745	$	8,962	$	29,404
Capital expenditures ⁽¹⁾	$	6,042	$	6,709	$	2,678	$	15,429
Total assets	$	65,401	$	70,506	$	44,504	$	180,411
Long lived assets	$	50,609	$	59,094	$	33,537	$	143,240

Year ended December 31, 2018
Revenues	$	83,035	$	39,572	$	58,291	$	180,898
Direct operating costs	67,889		32,384		46,552		146,825
Segment profits	$	15,146	$	7,188	$	11,739	$	34,073
Depreciation and amortization	$	10,324	$	6,480	$	13,739	$	30,543
Capital expenditures ⁽¹⁾	$	5,080	$	12,961	$	4,044	$	22,085
Total assets	$	79,236	$	113,008	$	50,955	$	243,199
Long lived assets	$	52,314	$	84,588	$	45,386	$	182,288


⁽¹⁾ Capital expenditures listed above include all cash and non-cash additions to property and equipment, including finance leases and fixed assets recorded in accounts payable at year-end.

Schedule of financial information with respect to reportable segments



	Year Ended December 31,
	2019			2018
Reconciliation of Operating Loss As Reported:
Segment profits	$	28,825		$	34,073
Less:
Impairment of goodwill	19,222			—
General and administrative expense	24,065			25,390
Depreciation and amortization	29,404			30,543
Operating loss	(43,866		)	(21,860		)
Other income (expenses), net	(24,677		)	(11,150		)
Pre-tax loss	$	(68,543	)	$	(33,010	)

	December 31,
	2019			2018
Reconciliation of Total Assets As Reported:
Total reportable segments	$	180,411		$	243,199
Parent	9,854			13,186
Total assets	$	190,265		$	256,385