Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Revenue and Operating Profit

Segment revenue and segment operating profit were as follows:

	Three Months Ended March 31,
(in thousands)	2020			2019
Segment revenue:
Production & Automation Technologies	$	205,479		$	222,959
Drilling Technologies	55,955			77,535
Total revenue	$	261,434		$	300,494
Income before income taxes:
Segment operating profit:
Production & Automation Technologies	$	(648,591	)	$	13,064
Drilling Technologies	11,359			26,806
Total segment operating profit	(637,232		)	39,870
Corporate expense and other (1)	14,190			3,836
Interest expense, net	9,039			10,527
Income before income taxes	$	(660,461	)	$	25,507

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(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, and the results attributable to our noncontrolling interest.