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REPORTABLE SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Reconciliation of segment information
A reconciliation from segment level financial information to the consolidated statement of operations is provided in the table below.
($ in thousands)
 
 
 
 
 
 
Pressure
Pumping
 
All Other
 
Total
Year ended December 31, 2017
 
 
 
 
 
Service revenue
$
945,040

 
$
36,825

 
$
981,865

Adjusted EBITDA
$
145,122

 
$
(7,679
)
 
$
137,443

Depreciation and amortization
$
51,155

 
$
4,473

 
$
55,628

Capital expenditures
$
300,406

 
$
4,893

 
$
305,299

Goodwill
$
9,425

 
$

 
$
9,425

Total assets
$
688,279

 
$
30,753

 
$
719,032

 
 
 
 
 
 
 
Pressure
Pumping
 
All Other
 
Total
Year ended December 31, 2016
 
 
 
 
 
Service revenue
$
409,014

 
$
27,906

 
$
436,920

Adjusted EBITDA
$
15,656

 
$
(7,840
)
 
$
7,816

Depreciation and amortization
$
37,282

 
$
6,260

 
$
43,542

Property and equipment impairment expense
$

 
$
6,305

 
$
6,305

Goodwill impairment expense
$

 
$
1,177

 
$
1,177

Capital expenditures
$
45,473

 
$
535

 
$
46,008

Goodwill
$
9,425

 
$

 
$
9,425

Total assets
$
501,906

 
$
39,516

 
$
541,422

 
 
 
 
 
 
 
Pressure
Pumping
 
All Other
 
Total
Year ended December 31, 2015
 
 
 
 
 
Service revenue
$
510,198

 
$
59,420

 
$
569,618

Adjusted EBITDA
$
62,540

 
$
(2,391
)
 
$
60,149

Depreciation and amortization
$
38,369

 
$
11,765

 
$
50,134

Property and equipment impairment expense
$
7,980

 
$
28,629

 
$
36,609

Capital expenditures
$
69,029

 
$
2,647

 
$
71,676

Goodwill
$
9,425

 
$
1,177

 
$
10,602

Total assets
$
398,449

 
$
48,005

 
$
446,454








Reconciliation of net income (loss) to adjusted EBITDA:
($ in thousands)
Pressure
Pumping
 
All Other
 
Total
Year ended December 31, 2017
 
 
 
 
 
Net income (loss)
$
50,417

 
$
(37,804
)
 
$
12,613

Depreciation and amortization
51,155

 
4,473

 
55,628

Interest expense

 
7,347

 
7,347

Income tax expense

 
3,128

 
3,128

Loss on disposal of assets
38,059

 
1,027

 
39,086

Stock‑based compensation

 
9,489

 
9,489

Other expense

 
1,025

 
1,025

Other general and administrative expense (1)

 
722

 
722

Deferred IPO Bonus
5,491

 
2,914

 
8,405

Adjusted EBITDA
$
145,122

 
$
(7,679
)
 
$
137,443

 
 
 
 
 
 
Year ended December 31, 2016
Pressure
Pumping
 
All Other
 
Total
Net loss
$
(45,316
)
 
$
(7,831
)
 
$
(53,147
)
Depreciation and amortization
37,282

 
6,260

 
43,542

Interest expense

 
20,387

 
20,387

Income tax benefit

 
(27,972
)
 
(27,972
)
Loss on disposal of assets
23,690

 
(1,161
)
 
22,529

Property and equipment impairment expense

 
6,305

 
6,305

Goodwill impairment expense

 
1,177

 
1,177

Gain on extinguishment of debt

 
(6,975
)
 
(6,975
)
Stock‑based compensation

 
1,649

 
1,649

Other expense

 
321

 
321

Adjusted EBITDA
$
15,656

 
$
(7,840
)
 
$
7,816

 
 
 
 
 
 
 
Pressure
Pumping
 
All Other
 
Total
Year ended December 31, 2015
 
 
 
 
 
Net loss
$
(5,022
)
 
$
(40,831
)
 
$
(45,853
)
Depreciation and amortization
38,369

 
11,765

 
50,134

Interest expense

 
21,641

 
21,641

Income tax benefit

 
(25,388
)
 
(25,388
)
Loss on disposal of assets
21,213

 
55

 
21,268

Property and equipment impairment expense
7,980

 
28,629

 
36,609

Stock‑based compensation

 
1,239

 
1,239

Other expense

 
499

 
499

Adjusted EBITDA
$
62,540

 
$
(2,391
)
 
$
60,149

(1) Other general and administrative expense relates to legal settlement expense.

Major customers
For the years ended December 31, 2017, 2016 and 2015, the Company had revenue from the following significant customers that accounted for the following percentages of the Company’s total revenue:
 
2017
 
2016
 
2015
Customer A
15.0
%
 
18.0
%
 
12.5
%
Customer B
13.8
%
 
12.5
%
 
8.8
%
Customer C
12.7
%
 
8.7
%
 
14.2
%
Customer D
12.6
%
 
7.0
%
 
11.1
%
Customer E
11.8
%
 
%
 
%