XML 48 R33.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Goodwill and Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill by Operating Segment | Goodwill — Goodwill by operating segment as of December 31, 201 7 and 2016 and changes for the years then ended are as follows (in thousands):
|  | Contract |  |  | Pressure |  |  | Directional |  |  | Oilfield |  |  |  |  |
|  | Drilling |  |  | Pumping |  |  | Drilling |  |  | Rental |  |  | Total |
Balance December 31, 2015 and 2016 |  | $ | 86,234 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 86,234 |
Goodwill acquired |  |  | 308,826 |  |  |  | 121,444 |  |  |  | 88,685 |  |  |  | 6,284 |  |  |  | 525,239 |
Balance December 31, 2017 |  | $ | 395,060 |  |  | $ | 121,444 |  |  | $ | 88,685 |  |  | $ | 6,284 |  |  | $ | 611,473 |
Summary of Segment and Weighted Average Useful Life of Intangible Assets | The following table identifies the segment and weighted average useful life of each of the Company’s intangible assets:
|  |  |  | Weighted Average
|  | Segment |  | Useful Life
|  |  |  | (in years)
Customer relationships |  | Pressure pumping |  | 7.00
Customer relationships |  | Directional drilling |  | 3.00
Developed technology |  | Directional drilling |  | 10.00
Favorable drilling contracts |  | Contract drilling |  | 0.83
Internal use software |  | Directional drilling |  | 5.00
Gross Carrying Amount and Accumulated Amortization of Intangible Assets | The gross carrying amount and accumulated amortization of intangible assets as of December 31, 2017 and 2016 are as follows (in thousands):
|  | 2017 |  |  | 2016 |
|  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |  |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Amount |  |  | Amortization |  |  | Amount |  |  | Amount |  |  | Amortization |  |  | Amount |
Customer relationships |  | $ | 26,200 |  |  | $ | (1,943 | ) |  | $ | 24,257 |  |  | $ | 25,500 |  |  | $ | (22,768 | ) |  | $ | 2,732 |
Developed technology |  |  | 48,000 |  |  |  | (1,137 | ) |  |  | 46,863 |  |  |  | — |  |  |  | — |  |  |  | — |
Favorable drilling contracts |  |  | 22,500 |  |  |  | (18,482 | ) |  |  | 4,018 |  |  |  | — |  |  |  | — |  |  |  | — |
Internal use software |  |  | 482 |  |  |  | (21 | ) |  |  | 461 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 97,182 |  |  | $ | (21,583 | ) |  | $ | 75,599 |  |  | $ | 25,500 |  |  | $ | (22,768 | ) |  | $ | 2,732 |
Remaining Amortization Expense Associated with Finite-Lived Intangible Assets | The remaining amortization expense associated with finite-lived intangible assets is expected to be as follows (in thousands):
Year ending December 31, |  |  |  |
2018 |  | $ | 17,580 |
2019 |  |  | 13,630 |
2020 |  |  | 11,686 |
2021 |  |  | 4,896 |
2022 |  |  | 4,875 |
Thereafter |  |  | 22,932 |
Total |  | $ | 75,599 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration