SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Tables)

9 Months Ended

Sep. 30, 2017

Depreciation and amortization of assets are computed by the straight-line method over the following estimated useful lives of the assets:



Classification	Useful Life
Buildings	20-40 years
Enterprise Resource Planning (“ERP”) System	15 years
Leasehold improvements	2-15 years
Machinery and equipment	2-12 years
Furniture and fixtures	2-10 years
Computers and computer software	2-5 years
Automobiles	2-5 years

A summary of property, plant and equipment as of September 30, 2017 and December 31, 2016 is as follows (in thousands):



	September 30, 2017			December 31, 2016
	(unaudited)
Land	$	6,812		$	7,429
Buildings and leasehold improvements	46,906			42,257
Machinery and equipment	246,868			233,063
Furniture and fixtures	9,410			8,431
Capitalized ERP system development costs	46,637			44,876
Computers and computer software	13,173			11,775
Automobiles	5,120			5,370
Construction in progress	17,136			12,997
Total	392,062			366,198
Accumulated depreciation and amortization	(188,946		)	(163,068		)
Property, plant, and equipment, net	$	203,116		$	203,130

Schedule of Rollforward Goodwill

A rollforward of goodwill for the nine months ended September 30, 2017 is as follows (in thousands):



	Nine Months Ended September 30, 2017
	(unaudited)
	TeamQualspec			TeamFurmanite			Quest Integrity		Total
Balance at beginning of period	$	213,475		$	109,059		$	33,252	$	355,786
Foreign currency adjustments	1,890			1,476			769		4,135
Impairment loss	(21,140		)	(54,101		)	—		(75,241		)
Balance at end of period	$	194,225		$	56,434		$	34,021	$	284,680

Amounts Used In Basic and Diluted Earnings (Loss) Per Share

Amounts used in basic and diluted earnings (loss) per share, for the three and nine months ended September 30, 2017 and 2016, are as follows (in thousands):



	Three Months Ended September 30,		Nine Months Ended September 30,
	2017	2016	2017	2016
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Weighted-average number of basic shares outstanding	29,841	29,361	29,824	27,609
Stock options, stock units and performance awards	—	—	—	—
Convertible senior notes	—	—	—	—
Total shares and dilutive securities	29,841	29,361	29,824	27,609