NOTE P – INDUSTRY SEGMENTS AND GEOGRAPHIC INFORMATION

We manage our operations through five operating segments: Fluids, Production Testing, Compression, Offshore Services, and Maritech. Prior to the CSI Acquisition, we organized our segments into three divisions; Fluids, Production Enhancement (including Production Testing and Compression segments) and Offshore (including Offshore Services and Maritech segments). Following the CSI Acquisition, Production Testing and Compression are reflected as separate divisions.

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 North American onshore oil and gas operators with comprehensive water management services.

Our Production Testing Division provides frac flowback, 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 basins in certain regions in South America, Africa, Europe, the Middle East and Australia.

Our Compression Division is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The Compression Division's equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages, and oilfield pump systems designed and fabricated at the Division's facilities as well as the sale of compressor package parts and components manufactured by third-party suppliers. The Compression Division's aftermarket services business provides compressor package reconfiguration and maintenance services. The Compression Division provides its services and equipment to a broad base of natural gas and oil exploration and production, midstream, transmission, and storage companies operating throughout many of the onshore producing regions of the United States as well as in a number of foreign countries, including Mexico, Canada, and Argentina. As a result of the August 4, 2014, acquisition of CSI, we have significantly expanded the scope of our Compression Division.

Our Offshore Division consists of two operating segments: Offshore Services and Maritech. The Offshore Services segment provides: (1) downhole and subsea services such as well plugging and abandonment and workover 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 saturation 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 operations consist primarily of the ongoing abandonment and decommissioning associated with its remaining offshore wells 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,
	2014		2013		2012
	(In Thousands)
Revenues from external customers
Product sales
Fluids Division	$	294,895	$	281,585	$	257,558
Production Testing Division	—		—		—
Compression Division	74,827		8,293		6,322
Offshore Division
Offshore Services	534		4,707		6,267
Maritech	4,722		5,560		6,008
Total Offshore Division	5,256		10,267		12,275
Consolidated	$	374,978	$	300,145	$	276,155



	Year Ended December 31,
	2014		2013		2012
	(In Thousands)
Services and rentals
Fluids Division	$	142,139	$	101,040	$	76,858
Production Testing Division	188,528		194,236		205,630
Compression Division	207,679		112,994		103,144
Offshore Division
Offshore Services	164,243		200,983		218,477
Maritech	—		—		150
Intersegment eliminations	—		—		—
Total Offshore Division	164,243		200,983		218,627
Corporate overhead	—		—		417
Consolidated	$	702,589	$	609,253	$	604,676

Intersegment revenues
Fluids Division	$	327	$	38	$	132
Production Testing Division	4,296		1,747		2,354
Compression Division	—		—		—
Offshore Division



	Year Ended December 31,
	2014			2013			2012
	(In Thousands)
Offshore Services	30,595			50,122			41,199
Maritech	—			—			—
Intersegment eliminations	(30,595		)	(50,122		)	(41,199		)
Total Offshore Division	—			—			—
Intersegment eliminations	(4,623		)	(1,785		)	(2,486		)
Consolidated	$	—		$	—		$	—

Total revenues
Fluids Division	$	437,362		$	382,663		$	334,548
Production Testing Division	192,824			195,983			207,984
Compression Division	282,505			121,287			109,466
Offshore Division
Offshore Services	195,372			255,812			265,943
Maritech	4,722			5,560			6,158
Intersegment eliminations	(30,595		)	(50,122		)	(41,199		)
Total Offshore Division	169,499			211,250			230,902
Corporate overhead	—			—			417
Intersegment eliminations	(4,623		)	(1,785		)	(2,486		)
Consolidated	$	1,077,567		$	909,398		$	880,831



	Year Ended December 31,
	2014		2013		2012
	(In Thousands)
Depreciation, amortization, and accretion
Fluids Division	$	31,279	$	22,508	$	19,034
Production Testing Division	29,324		27,262		22,261
Compression Division	41,097		14,511		13,398
Offshore Division
Offshore Services	13,327		14,254		16,650
Maritech	160		123		1,039
Intersegment eliminations	—		—		—
Total Offshore Division	13,487		14,377		17,689
Corporate overhead	1,725		2,327		3,365
Consolidated	$	116,912	$	80,985	$	75,747

Interest expense
Fluids Division	$	23	$	37	$	77
Production Testing Division	1,804		19		13
Compression Division	13,361		500		81
Offshore Division
Offshore Services	36		109		109
Maritech	—		11		98
Intersegment eliminations	—		—		—
Total Offshore Division	36		120		207
Corporate overhead	17,611		16,741		17,000
Consolidated	$	32,835	$	17,417	$	17,378



	Year Ended December 31,
	2014			2013			2012
	(In Thousands)
Income (loss) before taxes and discontinued operations
Fluids Division	$	64,705		$	69,438		$	50,830
Production Testing Division	(66,156		)	14,093			39,847
Compression Division	7,340			20,200			20,598
Intersegment eliminations	—			—			—
Offshore Division
Offshore Services	(26,251		)	22,870			21,706
Maritech	(71,154		)	(64,365		)	(42,790		)
Intersegment eliminations	—			—			—
Total Offshore Division	(97,405		)	(41,495		)	(21,084		)
Corporate overhead⁽¹⁾	(66,355		)	(62,364		)	(62,008		)
Consolidated	$	(157,871	)	$	(128	)	$	28,183



	Year Ended December 31,
	2014			2013		2012
	(In Thousands)
Total assets
Fluids Division	$	423,989		$	400,028	$	387,034
Production Testing Division	241,640			327,413		337,208
Compression Division	1,272,583			230,829		219,838
Offshore Division
Offshore Services	129,350			181,617		188,034
Maritech	9,924			46,903		75,383
Intersegment eliminations	—			—		—
Total Offshore Division	139,274			228,520		263,417
Corporate overhead	(9,650		)	19,743		54,321
Consolidated	$	2,067,836		$	1,206,533	$	1,261,818

Capital expenditures
Fluids Division	$	41,307		$	45,238	$	31,839
Production Testing Division	31,226			26,757		40,025
Compression Division	37,516			24,103		22,215
Offshore Division
Offshore Services	20,013			4,207		12,050
Maritech	—			21		343
Intersegment eliminations	—			—		—
Total Offshore Division	20,013			4,228		12,393
Corporate overhead	1,547			1,053		1,052
Consolidated	$	131,609		$	101,379	$	107,524


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



	2014		2013		2012
	(In Thousands)
General and administrative expense	$	41,139	$	40,506	$	40,005
Depreciation and amortization	1,725		2,327		3,365
Interest expense, net	19,268		16,715		17,000
Other general corporate (income) expense, net	4,223		2,711		1,638
Total	$	66,355	$	62,259	$	62,008

Summarized financial information concerning the geographic areas of our customers and in which we operate at December 31, 2014, 2013, and 2012, is presented below:



	Year Ended December 31,
	2014			2013			2012
	(In Thousands)
Revenues from external customers:
U.S.	$	768,688		$	673,376		$	625,885
Canada and Mexico	73,632			58,080			85,133
South America	40,719			31,788			42,482
Europe	105,457			102,990			92,882
Africa	22,277			15,127			20,194
Asia and other	66,794			28,037			14,255
Total	$	1,077,567		$	909,398		$	880,831
Transfers between geographic areas:
U.S.	$	—		$	—		$	—
Canada and Mexico	—			—			—
South America	—			—			—
Europe	2,871			112			172
Africa	—			—			—
Asia and other	—			—			—
Eliminations	(2,871		)	(112		)	(172		)
Total revenues	$	1,077,567		$	909,398		$	880,831
Identifiable assets:
U.S.	$	1,763,805		$	852,483		$	913,080
Canada and Mexico	97,737			104,831			116,059
South America	32,267			43,326			51,858
Europe	94,209			150,415			135,219
Africa	7,895			9,063			13,700
Asia and other	71,923			46,351			31,902
Eliminations and discontinued operations	—			64			—
Total identifiable assets	$	2,067,836		$	1,206,533		$	1,261,818

During each of the three years ended December 31, 2014, 2013, and 2012, no single customer accounted for more than 10% of our consolidated revenues.