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Segments | 12 Months Ended
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Dec. 31, 2023
Segments |
Segments | 29. 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 parts 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, defined as revenue less cost of sales (excluding depreciation and amortization) for each segment. Segment revenue includes only sales to external customers. Summarized financial information for our segments is shown below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Contract |  | Aftermarket |  | ​ |  | ​ | ​
(in thousands) |  | Operations |  | Services |  | Other (1) |  | Total
2023 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Revenue | ​ | $ | 809,439 | ​ | $ | 180,898 | ​ | $ | — | ​ | $ | 990,337
Gross margin | ​ |  | 502,691 | ​ |  | 38,627 | ​ |  | — | ​ |  | 541,318
Capital expenditures | ​ | ​ | 294,315 | ​ |  | 3,300 | ​ |  | 1,017 | ​ |  | 298,632
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Revenue | ​ | $ | 677,801 | ​ | $ | 167,767 | ​ | $ | — | ​ | $ | 845,568
Gross margin | ​ |  | 398,903 | ​ |  | 27,181 | ​ |  | — | ​ |  | 426,084
Capital expenditures | ​ |  | 237,246 | ​ |  | 1,964 | ​ |  | 657 | ​ |  | 239,867
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2021 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Revenue | ​ | $ | 648,311 | ​ | $ | 133,150 | ​ | $ | — | ​ | $ | 781,461
Gross margin | ​ |  | 403,825 | ​ |  | 18,719 | ​ |  | — | ​ |  | 422,544
Capital expenditures | ​ |  | 94,863 | ​ |  | 2,675 | ​ |  | 347 | ​ |  | 97,885
(1) | Corporate–related items.
​ The reconciliations of total assets by segment to total assets per the consolidated balance sheets are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
(in thousands) |  | 2023 | ​ | 2022
Contract operations assets | ​ | $ | 2,518,282 | ​ | $ | 2,431,145
Aftermarket services assets | ​ |  | 57,459 | ​ |  | 61,282
Segment assets | ​ | ​ | 2,575,741 | ​ | ​ | 2,492,427
Other assets (1) | ​ | ​ | 72,341 | ​ | ​ | 97,737
Assets of discontinued operations | ​ | ​ | 7,868 | ​ | ​ | 8,586
Total assets | ​ | $ | 2,655,950 | ​ | $ | 2,598,750
(1) | Corporate–related items.
The reconciliations of total gross margin to income before income taxes are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​
​ | ​ | Year Ended December 31,
(in thousands) | ​ | 2023 |  | 2022 |  | 2021
Total gross margin | ​ | $ | 541,318 | ​ | $ | 426,084 | ​ | $ | 422,544
Less: | ​ |  |  | ​ |  |  | ​ |  |
Selling, general and administrative | ​ |  | 116,639 | ​ |  | 117,184 | ​ |  | 107,167
Depreciation and amortization | ​ |  | 166,241 | ​ |  | 164,259 | ​ |  | 178,946
Long-lived and other asset impairment | ​ |  | 12,041 | ​ |  | 21,442 | ​ |  | 21,397
Restructuring charges | ​ | ​ | 1,775 | ​ | ​ | — | ​ | ​ | 2,903
Interest expense | ​ |  | 111,488 | ​ |  | 101,259 | ​ |  | 108,135
Gain on sale of assets, net | ​ | ​ | (10,199) | ​ | ​ | (40,494) | ​ | ​ | (30,258)
Other expense (income), net | ​ |  | 1,086 | ​ |  | 1,845 | ​ |  | (4,707)
Income before income taxes | ​ | $ | 142,247 | ​ | $ | 60,589 | ​ | $ | 38,961
​

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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