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Industry Segments and Geographic Information

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements [Abstract]

Industry Segments and Geographic Information

NOTE Q - INDUSTRY SEGMENTS AND GEOGRAPHIC INFORMATION

We manage our operations through five operating segments: Fluids, Production Testing, Compressco, Offshore Services, and Maritech. Beginning in the fourth quarter of 2010, certain Mexican production enhancement operations were reclassified from our Production Testing segment to our Compressco segment.

Our Fluids Division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States and in certain countries in Latin America, Europe, Asia, the Middle East, and Africa. The Division also markets liquid and dry calcium chloride products manufactured at its production facilities or purchased from third-party suppliers to a variety of markets outside the energy industry. The Fluids Division also provides domestic onshore oil and gas operators with comprehensive frac water management services.

Our Production Enhancement Division consists of two operating segments: Production Testing and Compressco. The Production Testing segment provides after-frac flow back, production well testing, offshore rig cooling, and other associated services in many of the major oil and gas producing regions in the United States, Mexico, and Canada, as well as in certain oil and gas basins in certain regions in South America, Africa, Europe, the Middle East, and Australia.

The Compressco segment provides compression-based production enhancement services, which are used in both conventional wellhead compression applications and unconventional compression applications, and in certain circumstances, well monitoring and sand separation services. Compressco provides these services throughout many of the onshore oil and gas producing regions of the United States, as well as certain basins in Mexico and Canada, and certain countries in South America, Eastern Europe, and the Asia-Pacific region. Beginning June 20, 2011, following the initial public offering of Compressco Partners, we allocate and charge certain corporate and divisional direct and indirect administrative costs to Compressco Partners.

Our Offshore Division consists of two operating segments: Offshore Services and Maritech. The Offshore Services segment provides (1) downhole and subsea oil and gas well plugging and abandonment services, (2) decommissioning and certain construction services utilizing heavy lift barges and various cutting technologies with regard to offshore oil and gas production platforms and pipelines, and (3) conventional and saturated air diving services.

The Maritech segment is a limited oil and gas production operation. During 2011 and the first quarter of 2012, Maritech sold substantially all of its oil and gas producing property interests. Maritech's current operations primarily consist of the ongoing abandonment and decommissioning associated with its remaining offshore wells, facilities, and production platforms. Maritech intends to acquire a significant portion of these services from the Offshore Division's Offshore Services segment.

We generally evaluate the performance of and allocate resources to our segments based on profit or loss from their operations before income taxes and nonrecurring charges, return on investment, and other criteria. Transfers between segments and geographic areas are priced at the estimated fair value of the products or services as negotiated between the operating units. “Corporate overhead” includes corporate general and administrative expenses, corporate depreciation and amortization, interest income and expense, and other income and expense.

Summarized financial information concerning the business segments from continuing operations is as follows:

Year Ended December 31,

2012

2011

2010

(In Thousands)

Revenues from external customers

^{Product sales}

^{Fluids Division}

^257,558

^229,426

^211,917

^{Production Enhancement Division}

^{Production Testing}

^3,610

^Compressco

^6,322

^13,201

^4,017

^{Total Production Enhancement Division}

^6,322

^13,201

^7,627

^{Offshore Division}

^{Offshore Services}

^6,267

^4,921

^2,576

^Maritech

^6,008

^81,941

^197,806

^{Total Offshore Division}

^12,275

^86,862

^200,382

^Consolidated

^276,155

^329,489

^419,926

^{Services and rentals}

^{Fluids Division}

^76,858

^75,032

^64,358

^{Production Enhancement Division}

^{Production Testing}

^207,984

^139,755

^100,346

^Compressco

^103,144

^82,567

^77,396

^{Intersegment eliminations}

^(2,354)

^{Total Production Enhancement Division}

^308,774

^222,322

^177,742

^{Offshore Division}

^{Offshore Services}

^218,477

^217,341

^207,934

^Maritech

¹⁵⁰

⁷⁹⁹

^2,718

^{Intersegment eliminations}

^{Total Offshore Division}

^218,627

^218,140

^210,652

^{Corporate overhead}

⁴¹⁷

²⁹²

^Consolidated

^604,676

^515,786

^452,752

^{Intersegment revenues}

^{Fluids Division}

¹³²

⁷⁸

⁶²

^{Production Enhancement Division}

^{Production Testing}

³⁹

^Compressco

^{Total Production Enhancement Division}

³⁹

^{Offshore Division}

^{Offshore Services}

^41,199

^65,038

^63,690

^Maritech

³⁵

^{Intersegment eliminations}

^(41,199)

^(65,036)

^(62,526)

^{Total Offshore Division}

^1,199

^{Intersegment eliminations}

⁽¹³²⁾

⁽⁸¹⁾

^(1,300)

^Consolidated

^{Total revenues}

^{Fluids Division}

^334,548

^304,536

^276,337

^{Production Enhancement Division}

^{Production Testing}

^207,984

^139,756

^103,995

^Compressco

^109,466

^95,768

^81,413

^{Intersegment eliminations}

^(2,354)

^{Total Production Enhancement Division}

^315,096

^235,524

^185,408

^{Offshore Division}

^{Offshore Services}

^265,943

^287,300

^274,200

^Maritech

^6,158

^82,740

^200,559

^{Intersegment eliminations}

^(41,199)

^(65,036)

^(62,526)

^{Total Offshore Division}

^230,902

^305,004

^412,233

^{Corporate overhead}

⁴¹⁷

²⁹²

^{Intersegment eliminations}

⁽¹³²⁾

⁽⁸¹⁾

^(1,300)

^Consolidated

^880,831

^845,275

^872,678

^{Depreciation, depletion, amortization, and accretion}

^{Fluids Division}

^19,034

^19,596

^20,899

^{Production Enhancement Division}

^{Production Testing}

^22,261

^13,893

^14,429

^Compressco

^13,398

^12,791

^13,029

^{Total Production Enhancement Division}

^35,659

^26,684

^27,458

^{Offshore Division}

^{Offshore Services}

^16,650

^14,502

^18,067

^Maritech

^1,039

^31,314

^79,012

^{Intersegment eliminations}

⁽¹⁷⁴⁾

⁽³³⁹⁾

^{Total Offshore Division}

^17,689

^45,642

^96,740

^{Corporate overhead}

^3,365

^2,917

^2,925

^Consolidated

^75,747

^94,839

^148,022

^{Interest expense}

^{Fluids Division}

⁷⁷

¹²¹

²³⁷

^{Production Enhancement Division}

^{Production Testing}

¹³

³²

^Compressco

⁸¹

⁽²⁰⁾

³⁸

^{Total Production Enhancement Division}

⁹⁴

¹²

³⁸

^{Offshore Division}

^{Offshore Services}

¹⁰⁹

⁴⁵

^Maritech

⁹⁸

⁷⁸

⁹

^{Intersegment eliminations}

^{Total Offshore Division}

²⁰⁷

¹²³

¹⁰

^{Corporate overhead}

^17,000

^16,939

^17,243

^Consolidated

^17,378

^17,195

^17,528

^{Income (loss) before taxes and discontinued operations}

^{Fluids Division}

^50,830

^32,076

^15,953

^{Production Enhancement Division}

^{Production Testing}

^39,847

^35,969

^15,024

^Compressco

^20,598

^15,799

^17,513

^{Total Production Enhancement Division}

^60,445

^51,768

^32,537

^{Offshore Division}

^{Offshore Services}

^21,706

^18,455

^4,664

^Maritech

^(42,790)

^(26,275)

^(69,119)

^{Intersegment eliminations}

^1,802

⁴⁴³

^{Total Offshore Division}

^(21,084)

^(6,018)

^(64,012)

^{Corporate overhead (1)}

^(62,008)

^(71,593)

^(58,271)

^Consolidated

^28,183

^6,233

^(73,793)

^{Total assets}

^{Fluids Division}

^387,034

^375,741

^376,309

^{Production Enhancement Division}

^{Production Testing}

^337,208

^119,311

^106,304

^Compressco

^219,838

^210,754

^195,879

^{Total Production Enhancement Division}

^557,046

^330,065

^302,183

^{Offshore Division}

^{Offshore Services}

^188,034

^216,927

^154,535

^Maritech

^75,383

^63,294

^329,585

^{Intersegment eliminations}

^(1,802)

^{Total Offshore Division}

^263,417

^280,221

^482,318

^{Corporate overhead}

^54,321

^217,283

^138,818

^Consolidated

^1,261,818

^1,203,310

^1,299,628

^{Capital expenditures}

^{Fluids Division}

^31,839

^17,922

^10,914

^{Production Enhancement Division}

^{Production Testing}

^40,025

^19,925

^6,010

^Compressco

^22,215

^12,471

^7,927

^{Total Production Enhancement Division}

^62,240

^32,396

^13,937

^{Offshore Division}

^{Offshore Services}

^12,050

^64,420

^11,273

^Maritech

³⁴³

^7,924

^70,597

^{Intersegment eliminations}

⁽⁶⁶⁾

⁽⁴⁴⁵⁾

^{Total Offshore Division}

^12,393

^72,278

^81,425

^{Corporate overhead}

^1,052

^1,008

^1,408

^Consolidated

^107,524

^123,604

^107,684

⁽¹⁾	^{Amounts reflected include the following general corporate expenses:}

²⁰¹²

²⁰¹¹

²⁰¹⁰

^{(In Thousands)}

^{General and administrative expense}

^40,005

^36,694

^34,577

^{Depreciation and amortization}

^3,365

^2,917

^2,925

^{Interest expense}

^17,000

^16,939

^17,243

^{Other general corporate (income) expense, net}

^1,638

^15,043

^3,526

^Total

^62,008

^71,593

^58,271

^{Summarized financial information concerning the geographic areas of our customers and in which we operate at December 31, 2012, 2011, and 2010, is presented below:}

^{Year Ended December 31,}

²⁰¹²

²⁰¹¹

²⁰¹⁰

^{(In Thousands)}

^{Revenues from external customers:}

^U.S.

^625,885

^671,926

^735,400

^{Canada and Mexico}

^85,133

^49,314

^32,645

^{South America}

^42,482

^28,765

^19,802

^Europe

^92,882

^75,033

^71,356

^Africa

^20,194

^13,877

^10,194

^{Asia and other}

^14,255

^6,360

^3,281

^Total

^880,831

^845,275

^872,678

^{Transfers between geographic areas:}

^U.S.

^{Canada and Mexico}

^{South America}

^Europe

¹⁷²

³²²

²⁵⁴

^Africa

^{Asia and other}

^Eliminations

⁽¹⁷²⁾

⁽³²²⁾

⁽²⁵⁴⁾

^{Total revenues}

^880,831

^845,275

^872,678

^{Identifiable assets:}

^U.S.

^913,080

^994,151

^1,125,512

^{Canada and Mexico}

^116,059

^62,558

^35,274

^{South America}

^51,858

^43,295

^47,710

^Europe

^135,219

^78,974

^67,383

^Africa

^13,700

^11,653

^10,862

^{Asia and other}

^31,902

^12,679

^13,187

^{Eliminations and discontinued operations}

⁽³⁰⁰⁾

^{Total identifiable assets}

^1,261,818

^1,203,310

^1,299,628

^{During each of the three years ended December 31, 2012, 2011, and 2010, no single customer accounted for more than 10% of our consolidated revenues.}

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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