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Segment Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION

We report our results of operations in the following reporting segments: Production & Automation Technologies and Drilling Technologies. Management’s determination of our reporting segments was made on the basis of our strategic priorities within each segment and corresponds to the manner in which our chief operating decision maker reviews and evaluates operating performance to make decisions about resources to be allocated to the segment. In addition to our strategic priorities, segment reporting is also based on differences in the products and services we provide.

Our reporting segments are:

•
Production & Automation Technologies—designs, manufactures, markets and services a full range of artificial lift equipment, end-to-end digital automation solutions, as well as other production equipment. Production & Automation Technologies’ products are sold under a collection of brands including Harbison-Fischer, Norris, Alberta Oil Tool, Oil Lift Technology, PCS Ferguson, Pro-Rod, Upco, Unbridled ESP, Norriseal-Wellmark, Quartzdyne, Spirit, Theta, Timberline and Windrock.

•
Drilling Technologies—designs, manufactures and markets polycrystalline diamond cutters and bearings for use in oil and gas drill bits under the US Synthetic brand.

Segment revenue and segment operating profit
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Segment revenue:
 
 
 
 
 
Production & Automation Technologies
$
884,364

 
$
932,591

 
$
782,813

Drilling Technologies
246,887

 
285,565

 
227,653

Total revenue
$
1,131,251

 
$
1,218,156

 
$
1,010,466

 
 
 
 
 
 
Income before income taxes:
 
 
 
 
 
Segment operating profit:
 
 
 
 
 
Production & Automation Technologies
$
54,024

 
$
74,187

 
$
24,567

Drilling Technologies
73,497

 
98,620

 
74,317

Total segment operating profit
127,521

 
172,807

 
98,884

Corporate expense and other (1)
29,034

 
23,806

 
9,666

Interest expense, net
39,301

 
27,648

 
863

Income before income taxes
$
59,186

 
$
121,353

 
$
88,355

_______________________
(1) 
Corporate expense and other includes costs not directly attributable or allocated to our reporting segments such as corporate executive management and other administrative functions, costs related to our Separation from Dover and the results attributable to our noncontrolling interest.
Segment assets
 
December 31,
(in thousands)
2019
 
2018
Production & Automation Technologies
$
1,668,319

 
$
1,702,396

Drilling Technologies
209,880

 
231,438

Corporate
44,626

 
39,282

Total assets
$
1,922,825

 
$
1,973,116




Geographic segment information
 
December 31,
(in thousands)
2019
 
2018
Property, plant, and equipment, net:
 
 
 
United States
$
238,464

 
$
233,809

Middle East
2,760

 
3,616

Canada
5,749

 
6,299

Australia
789

 
254

Latin & South America
419

 
350

Total property, plant, and equipment, net
$
248,181

 
$
244,328



See Note 13—Revenue for information related to revenue by geography and end markets.


Other business segment information
 
Capital Expenditures
Years Ended December 31,
 
Depreciation & Amortization
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Production & Automation Technologies
$
30,291

 
$
45,190

 
$
28,483

 
$
110,131

 
$
112,955

 
$
100,912

Drilling Technologies
9,061

 
11,123

 
8,171

 
9,263

 
11,037

 
11,950

Corporate
428

 
1,605

 
—

 
544

 
469

 
—

Total
$
39,780

 
$
57,918

 
$
36,654

 
$
119,938

 
$
124,461

 
$
112,862