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Segment Information (Tables)
6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Segment Adjusted EBITDA:
 
 
 
 
 
 
 
International Services
$
9,022

 
$
(4,159
)
 
$
14,308

 
$
27,220

U.S. Services
(9,238
)
 
(9,753
)
 
(16,453
)
 
(7,023
)
Tubular Sales
815

 
1,624

 
3,069

 
1,178

Blackhawk
2,965

 

 
4,176

 

 
3,564

 
(12,288
)
 
5,100

 
21,375

Interest income, net
753

 
198

 
1,151

 
404

Income tax benefit
6,076

 
7,705

 
15,194

 
8,511

Depreciation and amortization
(30,951
)
 
(28,283
)
 
(62,050
)
 
(57,733
)
Gain (loss) on sale of assets
(210
)
 
279

 
1,262

 
1,049

Foreign currency gain (loss)
599

 
(4,170
)
 
1,345

 
(4,211
)
Charges and credits (1)
(5,781
)
 
(8,728
)
 
(14,615
)
 
(17,090
)
Net loss
$
(25,950
)
 
$
(45,287
)
 
$
(52,613
)
 
$
(47,695
)

 
 
(1) 
Comprised of Equity-based compensation expense (for the three months ended June 30, 2017 and 2016: $3,415 and $4,320, respectively, and for the six months ended June 30, 2017 and 2016: $9,116 and $8,528, respectively), Mergers and acquisition expense (for the three months ended June 30, 2017 and 2016: $10 and none, respectively, and for the six months ended June 30, 2017 and 2016: $459 and none, respectively), Severance and other charges (for the three months ended June 30, 2017 and 2016: $(299) and $3,718, respectively, and for the six months ended June 30, 2017 and 2016: $738 and $4,324, respectively), Unrealized and realized gains (losses) (for the three months ended June 30, 2017 and 2016: $(1,088) and $695, respectively, and for the six months ended June 30, 2017 and 2016: $(1,696) and $(963), respectively) and Investigation-related matters (for the three months ended June 30, 2017 and 2016: $1,567 and $1,385, respectively, and for the six months ended June 30, 2017 and 2016: $2,606 and $3,275, respectively).
Schedule of Financial Information, by Reportable Segments
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 June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
53,499

 
$
29,905

 
$
16,141

 
$
18,114

 
$

 
$
117,659

Inter-segment revenue
12

 
4,543

 
3,564

 
72

 
(8,191
)
 

Operating income (loss)
(6,980
)
 
(24,292
)
 
805

 
(3,499
)
 

 
(33,966
)
Adjusted EBITDA
9,022

 
(9,238
)
 
815

 
2,965

 

 
*
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
57,350

 
$
37,118

 
$
26,478

 
$

 
$

 
$
120,946

Inter-segment revenue
29

 
3,940

 
4,351

 

 
(8,320
)
 

Operating income (loss)
(22,430
)
 
(28,649
)
 
401

 

 

 
(50,678
)
Adjusted EBITDA
(4,159
)
 
(9,753
)
 
1,624

 

 

 
*
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
100,109

 
$
60,871

 
$
33,086

 
$
34,324

 
$

 
$
228,390

Inter-segment revenue
15

 
8,828

 
7,239

 
72

 
(16,154
)
 

Operating income (loss)
(16,493
)
 
(47,639
)
 
3,185

 
(9,629
)
 

 
(70,576
)
Adjusted EBITDA
14,308

 
(16,453
)
 
3,069

 
4,176

 

 
*
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
140,412

 
$
85,898

 
$
48,122

 
$

 
$

 
$
274,432

Inter-segment revenue
45

 
8,050

 
10,017

 

 
(18,112
)
 

Operating loss
(8,137
)
 
(44,307
)
 
(1,116
)
 

 

 
(53,560
)
Adjusted EBITDA
27,220

 
(7,023
)
 
1,178

 

 

 
*

* Non-GAAP financial measure not disclosed.