XML 49 R38.htm IDEA: XBRL DOCUMENT v3.20.2
Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of financial data by reportable segment Certain financial data by reportable segment are summarized as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2020201920202019
Net revenues —
Well Intervention$145,841  $159,074  $286,493  $281,305  
Robotics50,836  45,446  86,094  84,487  
Production Facilities13,593  15,621  29,134  30,874  
Intercompany eliminations(11,123) (18,413) (21,553) (28,115) 
Total$199,147  $201,728  $380,168  $368,551  
Income (loss) from operations —
Well Intervention$11,758  $26,672  $6,066  $36,313  
Robotics7,781  2,949  4,957  (955) 
Production Facilities3,365  4,452  7,008  8,857  
Segment operating income22,904  34,073  18,031  44,215  
Goodwill impairment (1)
—  —  (6,689) —  
Corporate, eliminations and other(8,710) (11,001) (18,175) (20,874) 
Total$14,194  $23,072  $(6,833) $23,341  
(1)Relates to goodwill associated with our STL acquisition (Note 6).
Schedule of intercompany segment revenues Intercompany segment revenues are as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2020201920202019
Well Intervention (1)
$3,910  $9,812  $7,214  $13,037  
Robotics7,213  8,601  14,339  15,078  
Total$11,123  $18,413  $21,553  $28,115  
(1)Both amounts in 2019 included $5.3 million associated with P&A work on one of the oil and gas properties in our Production Facilities segment (Note 14), which amounts are paid by Marathon Oil as the corresponding P&A work is completed.
Schedule of total assets by reportable segment The following table reflects total assets by reportable segment (in thousands):
June 30,
2020
December 31,
2019
Well Intervention$2,128,563  $2,180,180  
Robotics136,868  151,478  
Production Facilities135,474  142,624  
Corporate and other83,764  122,449  
Total$2,484,669  $2,596,731