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Segments

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segments

19. Segments

We manage our business segments primarily based on the type of product or service provided. We have two segments which we operate within the U.S.: contract operations and aftermarket services. The contract operations segment primarily provides natural gas compression services to meet specific customer requirements. The aftermarket services segment provides a full range of services to support the compression needs of customers, from part sales and normal maintenance services to full operation of a customer’s owned assets.

We evaluate the performance of our segments based on gross margin for each segment. Revenue includes only sales to external customers.

The following table presents revenue and gross margin by segment during the three and six months ended June 30, 2019 and 2018 (in thousands): 

	Contract Operations				Aftermarket Services				Total
Three months ended June 30, 2019
Revenue	$	186,258			$	52,132			$	238,390
Gross margin	115,737				9,917				125,654
Three months ended June 30, 2018
Revenue	$	165,450			$	61,420			$	226,870
Gross margin	97,641				10,627				108,268
Six months ended June 30, 2019
Revenue	$	368,765			$	105,784			$	474,549
Gross margin	223,509				19,667				243,176
Six months ended June 30, 2018
Revenue	$	326,647			$	112,263			$	438,910
Gross margin	194,243				19,133				213,376

The following table reconciles total gross margin to income before income taxes (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2019				2018				2019				2018
Total gross margin	$	125,654			$	108,268			$	243,176			$	213,376
Less:
Selling, general and administrative	28,618				26,649				57,607				54,157
Depreciation and amortization	45,482				43,331				89,588				87,786
Long-lived asset impairment	8,632				6,953				11,724				11,663
Restatement and other charges	24				(1,076		)		445				(591		)
Interest expense	25,954				23,337				49,571				45,884
Debt extinguishment loss	3,653				2,450				3,653				2,450
Transaction-related costs	2,687				5,686				2,867				9,811
Other income, net	(2,010		)		(1,644		)		(2,215		)		(2,789		)
Income before income taxes	$	12,614			$	2,582			$	29,936			$	5,005

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- References

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- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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