Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Operating Results from Discontinued Operations

Summarized operating results from discontinued operations for the years ended December 31, 2011, 2010 and 2009 are shown below (in thousands):


	2011			2010			2009
Drilling and completion fluids revenues	$	—		$	3,737		$	79,786
Electric wireline revenues		1,104			5,712			—

Operating revenues from discontinued operations	$	1,104		$	9,449		$	79,786

Loss from discontinued operations before income taxes	$	(576	)	$	(1,499	)	$	(6,538	)
Income tax benefit		209			543			2,208

Loss from discontinued operations	$	(367	)	$	(956	)	$	(4,330	)

Components of Assets Held for Sale

The components of assets held for sale at December 31, 2010 are shown below (in thousands):


Assets held for sale:
Inventory	$	756
Property and equipment, net		24,769
Reserve to reduce disposal group to fair value less costs to sell		(2,155	)

Total assets held for sale	$	23,370

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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