Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE FROM CONTRACTS WITH CUSTOMERS

Our contract asset balances, primarily associated with customer documentation requirements, were $16.9 million and $12.8 million as of September 30, 2021 and December 31, 2020, respectively. Contract assets, along with billed trade accounts receivable, are included in trade accounts receivable in our consolidated balance sheets.

Unearned income includes amounts in which the Company was contractually allowed to invoice prior to satisfying the associated performance obligations. Unearned income balances were $1.4 million and $2.7 million as of September 30, 2021 and December 31, 2020, respectively, and vary based on the timing of invoicing and performance obligations being met. Revenues recognized during the nine-month periods ended September 30, 2021 and September 30, 2020 deferred as of the end of the preceding year were not significant. During the nine-month periods ended September 30, 2021 and September 30, 2020, contract costs were not significant.

We disaggregate revenue from contracts with customers into Product Sales and Services within each segment, as noted in our two reportable segments in Note 10. In addition, we disaggregate revenue from contracts with customers by geography based on the following table below.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In Thousands)
Completion Fluids & Products
United States	$	22,529	$	15,013	$	72,353	$	85,073
International	26,162		36,937		87,466		113,460
	48,691		51,950		159,819		198,533
Water & Flowback Services
United States	42,234		19,767		106,630		97,016
International	4,549		1,767		8,675		6,708
	46,783		21,534		115,305		103,724
Total Revenue
United States	64,763		34,780		178,983		182,089
International	30,711		38,704		96,141		120,168
	$	95,474	$	73,484	$	275,124	$	302,257