Industry Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Segment Reporting Table

Summarized financial information concerning the business segments is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands)
Revenues from external customers
Product sales
Completion Fluids & Products Division	$	94,368	$	70,227	$	159,883	$	140,115
Water & Flowback Services Division	1,849		74		1,869		241
Consolidated	$	96,217	$	70,301	$	161,752	$	140,356
Services
Completion Fluids & Products Division	$	3,854	$	4,571	$	7,381	$	7,877
Water & Flowback Services Division	75,392		65,844		152,539		122,520
Consolidated	$	79,246	$	70,415	$	159,920	$	130,397
Total revenues
Completion Fluids & Products Division	$	98,222	$	74,798	$	167,264	$	147,992
Water & Flowback Services Division	77,241		65,918		154,408		122,761
Consolidated	$	175,463	$	140,716	$	321,672	$	270,753
Income (loss) before taxes
Completion Fluids & Products Division	$	31,956	$	15,261	$	50,398	$	34,553
Water & Flowback Services Division	8,014		1,644		14,394		4,326
Interdivision Eliminations	—		3		—		6
Corporate Overhead(1)	(18,890)		(15,628)		(36,178)		(28,671)
Consolidated	$	21,080	$	1,280	$	28,614	$	10,214

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands)
General and administrative expense	$	12,594	$	11,542	$	23,654	$	21,888
Depreciation and amortization	92		172		202		363
Impairments and other charges	777		—		777		—
Interest expense	5,813		3,894		11,273		7,541
Other general corporate (income) expense, net	(386)		20		272		(1,121)
Total	$	18,890	$	15,628	$	36,178	$	28,671