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Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Reconciliation of Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization from Segments to Consolidated
The following table presents a reconciliation of Segment Adjusted EBITDA to net loss (in thousands):
 
 
Three Months Ended
 
 
March 31,
 
 
2017
 
2016
Segment Adjusted EBITDA:
 
 
 
 
International Services
 
$
5,286

 
$
31,379

U.S. Services
 
(7,215
)
 
2,730

Tubular Sales
 
2,254

 
(446
)
Blackhawk
 
1,211

 

 
 
1,536

 
33,663

Interest income, net
 
398

 
206

Income tax benefit
 
9,118

 
806

Depreciation and amortization
 
(31,099
)
 
(29,450
)
Gain on sale of assets
 
1,472

 
770

Foreign currency gain (loss)
 
746

 
(41
)
Charges and credits (1)
 
(8,834
)
 
(8,362
)
Net loss
 
$
(26,663
)
 
$
(2,408
)

 
 
(1) Comprised of Equity-based compensation expense (for the three months ended March 31, 2017 and 2016 : $5,701 and $4,208, respectively), Mergers and acquisition expense (for the three months ended March 31, 2017 and 2016 : $449 and none, respectively), Severance and other charges (for the three months ended March 31, 2017 and 2016 : $1,037 and $606, respectively), Unrealized and realized gains (losses) (for the three months ended March 31, 2017 and 2016 : $(608) and $(1,658), respectively) and investigation-related matters (for the three months ended March 31, 2017 and 2016 : $1,039 and $1,890, respectively).
Schedule of Segment Reporting Information, by Segment
The following tables set forth certain financial information with respect to our reportable segments (in thousands):
 
International
Services
 
U.S.
Services
 
Tubular Sales
 
Blackhawk
 
Eliminations
 
Total
Three Months Ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
46,610

 
$
30,966

 
$
16,945

 
$
16,210

 
$

 
$
110,731

Inter-segment revenue
3

 
4,285

 
3,675

 

 
(7,963
)
 

Operating income (loss)
(9,513
)
 
(23,347
)
 
2,380

 
(6,130
)
 

 
(36,610
)
Adjusted EBITDA
5,286

 
(7,215
)
 
2,254

 
1,211

 

 
*
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
83,063

 
$
48,779

 
$
21,644

 
$

 
$

 
$
153,486

Inter-segment revenue
17

 
4,110

 
5,665

 

 
(9,792
)
 

Operating income (loss)
14,293

 
(15,658
)
 
(1,517
)
 

 

 
(2,882
)
Adjusted EBITDA
31,379

 
2,730

 
(446
)
 

 

 
*

* Non-GAAP financial measure not disclosed.