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Supplemental Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Supplemental Selected Quarterly Financial Data (Unaudited)
Supplemental Selected Quarterly Financial Data (Unaudited)
(In thousands, except per share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Fiscal Year 2016
 
 
 
 
 
 
 
Revenues
$
114,544

 
$
115,315

 
$
104,554

 
$
137,083

Operating loss
(18,825
)
 
(15,135
)
 
(15,055
)
 
(8,198
)
Net loss
(13,300
)
 
(13,904
)
 
(13,451
)
 
(57
)
 
 
 
 
 
 
 
 
Net loss per common share
 
 
 
 
 
 
 
Basic
$
(0.16
)
 
$
(0.17
)
 
$
(0.16
)
 
$
—

Diluted
$
(0.16
)
 
$
(0.17
)
 
$
(0.16
)
 
$
—

 
 
 
 
 
 
 
 
Fiscal Year 2015
 
 
 
 
 
 
 
Revenues
$
208,464

 
$
163,644

 
$
154,170

 
$
150,587

Operating income (loss)
6,128

 
(1,682
)
 
(9,263
)
 
(94,282
)
Net income (loss)
993

 
(4,254
)
 
(4,471
)
 
(83,096
)
 
 
 
 
 
 
 
 
Net income (loss) per common share
 
 
 
 
 
 
 
Basic
$
0.01

 
$
(0.05
)
 
$
(0.05
)
 
$
(1.00
)
Diluted
$
0.01

 
$
(0.05
)
 
$
(0.05
)
 
$
(1.00
)

Fourth quarter 2016 operating loss includes a $2.6 million non-cash charge to reduce the carrying value of drilling fluids inventory in our Asia Pacific region. Fourth quarter 2016 and third quarter 2016 operating loss includes charges of $2.0 million and $2.5 million, respectively, associated primarily with asset redeployment costs resulting from the exit of our Fluids Systems operations in Uruguay. Second quarter 2016 operating loss includes a total of $6.9 million of impairments and other charges related to our Asia Pacific region, including a $3.8 million non-cash impairment to write-down property, plant and equipment to its estimated fair value and a $3.1 million impairment of customer related intangible assets.
Fourth quarter 2015 operating loss includes a total of $80.5 million of charges for the reduction in value of certain assets and the resolution of the wage and hour litigation claims. These charges include a $70.7 million non-cash impairment of goodwill, a $2.6 million non-cash impairment of assets following our decision to exit a facility, a $2.2 million charge to reduce the carrying value of diesel-based drilling fluid inventory, and a $5.0 million charge for the resolution of certain wage and hour litigation claims.