SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Estimated Useful Lives of 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

Summary of Goodwill

A summary of goodwill is as follows (in thousands):

	Twelve Months Ended December 31, 2018
	IHT			MS			Quest Integrity			Total
Balance at beginning of period	$	194,211		$	56,600		$	33,993		$	284,804
Foreign currency adjustments	(1,603		)	(712		)	(578		)	(2,893		)
Disposal	—			(261		)	—			(261		)
Balance at end of period	$	192,608		$	55,627		$	33,415		$	281,650

	Twelve Months Ended December 31, 2017
	IHT			MS			Quest Integrity		Total
Balance at beginning of year	$	213,475		$	109,059		$	33,252	$	355,786
Foreign currency adjustments	1,876			1,642			741		4,259
Impairment loss	(21,140		)	(54,101		)	—		(75,241		)
Balance at end of year	$	194,211		$	56,600		$	33,993	$	284,804

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

Amounts used in basic and diluted loss per share, for all periods presented, are as follows (in thousands):

	Twelve Months Ended December 31,
	2018	2017	2016
Weighted-average number of basic shares outstanding	30,031	29,849	28,095
Stock options, stock units and performance awards	—	—	—
Convertible senior notes	—	—	—
Total shares and dilutive securities	30,031	29,849	28,095

Non-Cash Investing and Financing Activities

Non-cash investing and financing activities. Non-cash investing and financing activities are excluded from the consolidated statements of cash flows and are as follows (in thousands):

	Twelve Months Ended December 31,
	2018		2017		2016
Property acquired under capital lease	$	5,302	$	—	$	—
Note received as consideration in disposal of discontinued operations	$	—	$	—	$	1,511
Issuance of common stock - Furmanite acquisition	$	—	$	—	$	209,529

Revisions to Prior Period Consolidated Financial Statements

The table below provides a summary of the financial statement line items which were impacted by these error corrections (in thousands, except per share data):

	December 31, 2017
	As Previously Reported			Adjustments			As Revised
Effect on consolidated balance sheet
Liabilities and Equity
Deferred income taxes	$	38,100		$	(19,706	)	$	18,394
Total Liabilities	$	598,367		$	(19,706	)	$	578,661
Retained earnings	$	115,780		$	19,706		$	135,486
Total equity	$	457,468		$	19,706		$	477,174
	Twelve Months Ended December 31, 2017
	As Previously Reported			Adjustments			As Revised
Effect on consolidated statement of operations
Benefit for income taxes	$	(33,372	)	$	(19,706	)	$	(53,078	)
Loss from continuing operations	$	(104,161	)	$	19,706		$	(84,455	)
Net loss	$	(104,161	)	$	19,706		$	(84,455	)
Basic loss per common share:
Continuing operations	$	(3.49	)	0.66			$	(2.83	)
Net loss	$	(3.49	)	0.66			$	(2.83	)
Diluted loss per common share:
Continuing operations	$	(3.49	)	0.66			$	(2.83	)
Net loss	$	(3.49	)	0.66			$	(2.83	)

Effect of ASC 606 on Financial Statements

The effect of ASC 606 on our consolidated balance sheet as of December 31, 2018 and our consolidated statements of operations for the twelve months ended December 31, 2018 were as follows (in thousands):

	December 31, 2018
	Without adoption of ASC 606		Adjustments to apply ASC 606		As reported
Effect on consolidated balance sheet
Assets
Prepaid expenses and other current assets	$	16,321	$	3,124	$	19,445
Liabilities and Equity
Deferred income taxes	$	5,494	$	612	$	6,106
Retained earnings	$	78,938	$	2,512	$	81,450

	Twelve Months Ended December 31, 2018
	Without adoption of ASC 606			Adjustments to apply ASC 606			As reported
Effect on consolidated statement of operations
Revenues	$	1,251,694		$	(4,765	)	$	1,246,929
Operating expenses	$	917,768		$	905		$	918,673
Benefit for income taxes	$	(29,660	)	$	(1,403	)	$	(31,063	)
Net loss	$	(58,879	)	$	(4,267	)	$	(63,146	)