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Segment and Related Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment and Related Information Segment and Related Information
We currently operate our business through two reportable segments: Fluids Systems and Industrial Solutions. In addition, we had a third reportable segment, Industrial Blending, which was exited in 2022. Prior to 2022, we aggregated our now exited Industrial Blending business and reported it within Industrial Solutions. We have reflected these three reportable segments for all periods presented in this Annual Report on Form 10-K. All intercompany revenues and related profits have been eliminated.
•Fluids Systems — Our Fluids Systems segment provides customized drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects primarily in North America and EMEA, as well as certain countries in Asia Pacific and Latin America. In the fourth quarter of 2022, we exited two of our Fluids Systems business units, including our U.S.-based mineral grinding business as well as our Gulf of Mexico fluids operations (see Note 2 for additional information).
•Industrial Solutions — Our Industrial Solutions segment provides temporary worksite access solutions, including the rental of our recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, E&P, pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and Europe. We also manufacture and sell our recyclable composite mats to customers around the world, with power transmission being the primary end-market.
•Industrial Blending — Our Industrial Blending segment began operations in 2020 and supported industrial end-markets, including the production of disinfectants and industrial cleaning products. We completed the wind down of the Industrial Blending business in the first quarter of 2022, and we completed the sale of the industrial blending and warehouse facility and related equipment located in Conroe, Texas in the fourth quarter of 2022 (see Note 2 for additional information).
Summarized financial information for our reportable segments is shown in the following tables:
 Year Ended December 31,
(In thousands)202220212020
Revenues   
Fluids Systems$622,601 $420,789 $354,608 
Industrial Solutions192,993 185,171 130,469 
Industrial Blending— 8,821 7,548 
Total revenues$815,594 $614,781 $492,625 
Depreciation and amortization   
Fluids Systems$13,875 $17,877 $20,555 
Industrial Solutions21,653 19,304 20,127 
Industrial Blending678 1,095 300 
Corporate office2,404 3,949 4,332 
Total depreciation and amortization$38,610 $42,225 $45,314 
Operating income (loss)   
Fluids Systems$(15,566)$(19,012)$(66,403)
Industrial Solutions43,899 42,117 13,030 
Industrial Blending(8,002)(2,384)429 
Corporate office(29,365)(29,546)(25,690)
Total operating income (loss)$(9,034)$(8,825)$(78,634)
Segment assets   
Fluids Systems$420,039 $458,179 $419,381 
Industrial Solutions247,611 247,531 238,376 
Industrial Blending— 20,139 21,542 
Corporate office47,225 27,037 29,893 
Total segment assets$714,875 $752,886 $709,192 
Capital expenditures   
Fluids Systems$3,906 $3,644 $6,237 
Industrial Solutions23,569 15,311 7,831 
Industrial Blending230 2,091 — 
Corporate office568 747 1,726 
Total capital expenditures$28,273 $21,793 $15,794 
The increase in Corporate office segment assets primarily relates to the transition in 2022 of our Katy, Texas technology center from the Fluids Systems segment to a multi-purpose facility housing both business headquarters and support personnel, as well as administrative offices for two third-party lessees. The decrease in Fluids Systems segment assets includes the impact of the Excalibar divestiture (see Note 2) and the transfer of the Katy technology center to the Corporate office, as described above, partially offset by an increase in working capital.
Operating results for the Fluids Systems segment include the following charges. See Note 2 for additional information regarding the 2022 charges.
 Year Ended December 31,
(In thousands)202220212020
Impairments and other charges$29,417 $— $— 
Gain on divestitures(971)— — 
Fourchon, Louisiana hurricane-related costs— 2,596 — 
Facility exit costs and other
1,000 2,399 (201)
Severance costs398 1,329 3,729 
Kenedy, Texas facility fire (insurance recovery)— (849)— 
Brazil exit - Recognition of cumulative foreign currency translation losses— — 11,689 
Inventory write-downs— — 10,345 
Property, plant and equipment impairment— — 3,038 
Total Fluids Systems impairments and other charges$29,844 $5,475 $28,600 
Industrial Blending operating results for 2022 includes a $7.9 million non-cash impairment charge related to the long-lived assets previously used in the now exited Industrial Blending business, as described in Note 2.
The following table presents further disaggregated revenues for the Fluids Systems segment:
 Year Ended December 31,
(In thousands)202220212020
United States$355,435 $227,261 $202,052 
Canada61,069 48,007 24,762 
Total North America416,504 275,268 226,814 
EMEA185,298 132,221 115,891 
Other20,799 13,300 11,903 
Total International206,097 145,521 127,794 
Total Fluids Systems revenues$622,601 $420,789 $354,608 
The following table presents further disaggregated revenues for the Industrial Solutions segment:
 Year Ended December 31,
(In thousands)202220212020
Product sales revenues$58,692 $66,796 $29,170 
Rental revenues75,616 68,455 47,341 
Service revenues58,685 49,920 53,958 
Total Industrial Solutions revenues$192,993 $185,171 $130,469 
The following table sets forth geographic information for all of our operations. Revenues by geographic location are determined based on the operating location from which services are rendered or products are sold. Long-lived assets include property, plant and equipment and other long-term assets based on the country in which the assets are located.
 Year Ended December 31,
(In thousands)202220212020
Revenues   
United States$535,335 $402,246 $327,598 
Canada61,069 48,007 24,762 
EMEA198,391 151,228 128,362 
Asia Pacific15,722 7,629 6,561 
Latin America5,077 5,671 5,342 
Total revenues$815,594 $614,781 $492,625 
Long-lived assets   
United States$250,196 $318,839 $329,719 
Canada1,215 1,209 1,503 
EMEA32,487 38,923 44,577 
Asia Pacific2,392 2,712 3,007 
Latin America344 375 500 
Total long-lived assets$286,634 $362,058 $379,306 
For 2022, 2021 and 2020, no single customer accounted for more than 10% of our consolidated revenues.