Segment Information (Tables)

12 Months Ended

Dec. 31, 2017

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 income (loss) (in thousands):



	Year Ended December 31,
	2017			2016			2015
Segment Adjusted EBITDA:
International Services	$	30,801		$	33,264		$	182,475
U.S. Services ⁽¹⁾	(39,357		)	(11,012		)	95,612
Tubular Sales	3,181			1,741			40,999
Blackhawk	11,090			1,038			—
Total	5,715			25,031			319,086
Interest income, net	2,309			2,073			341
Income tax (expense) benefit	(72,918		)	25,643			(37,319		)
Depreciation and amortization	(122,102		)	(114,215		)	(108,962		)
Gain (loss) on disposal of assets	2,045			(1,117		)	1,038
Foreign currency gain (loss)	2,075			(10,819		)	(6,358		)
Derecognition of the TRA liability ⁽²⁾	122,515			—			—
Charges and credits ⁽³⁾	(99,096		)	(82,675		)	(61,716		)
Net income (loss)	$	(159,457	)	$	(156,079	)	$	106,110


(1)	Amounts previously reported as Corporate and other of $478 and $96 for 2016 and 2015, respectively, have been reclassified to U.S. Services to conform to the current presentation.


(2)	Please see Note 13 - Related Party Transactions for further discussion.

(3)

Comprised of Equity-based compensation expense (2017: $13,862; 2016: $15,978; 2015: $26,318), Mergers and acquisition expense (2017: $459; 2016: $13,784; 2015: none), Severance and other charges (2017: $75,354; 2016: $46,406; 2015: $35,484), Changes in value of contingent consideration (2017: none; 2016: none; 2015: $(1,532)), Unrealized and realized losses (2017: $2,791; 2016: $110; 2015: none), Investigation-related matters (2017: $6,143; 2016: $6,397; 2015: $1,446) and Other adjustments (2017: $487; 2016: none; 2015: none).

Schedule of Segment Reporting Information, by Segment

The following table sets forth certain financial information with respect to our reportable segments. Included in “Corporate and Other” are intersegment eliminations (in thousands):



	International Services			U.S. Services			Tubular Sales			Blackhawk			Eliminations			Total

Year Ended December 31, 2017
Revenue from external customers	$	206,746		$	118,815		$	58,210		$	71,024		$	—		$	454,795
Inter-segment revenues	23			17,071			14,132			129			(31,355		)	—
Operating income (loss)	(44,199		)	(101,602		)	(51,397		)	(17,544		)	—			(214,742		)
Adjusted EBITDA	30,801			(39,357		)	3,181			11,090			—			*
Depreciation and amortization	54,873			38,151			3,697			25,381			—			122,102
Property, plant and equipment	197,305			173,501			66,153			32,687			—			469,646
Capital expenditures	7,042			9,618			268			4,977			—			21,905

Year Ended December 31, 2016
Revenue from external customers	$	237,207		$	152,827		$	87,515		$	9,982		$	—		$	487,531
Inter-segment revenues	68			19,590			19,456			—			(39,114		)	—
Operating income (loss)	(41,668		)	(116,603		)	(2,884		)	(2,207		)	—			(163,362		)
Adjusted EBITDA ⁽¹⁾	33,264			(11,012		)	1,741			1,038			—			*
Depreciation and amortization	59,435			47,438			4,087			3,255			—			114,215
Property, plant and equipment	247,913			201,772			73,316			44,023			—			567,024
Capital expenditures	23,461			18,112			540			14			—			42,127

Year Ended December 31, 2015
Revenue from external customers	$	442,107		$	326,437		$	206,056		$	—		$	—		$	974,600
Inter-segment revenues	754			25,844			35,927			—			(62,525		)	—
Operating income (loss)	118,235			(10,783		)	36,203			—			—			143,655
Adjusted EBITDA ⁽¹⁾	182,475			95,612			40,999			—			—			*
Depreciation and amortization	58,163			46,548			4,251			—			—			108,962
Property, plant and equipment	288,089			248,153			88,717			—			—			624,959
Capital expenditures	42,772			28,881			28,070			—			—			99,723


(1)	Amounts previously reported as Corporate and other of $478 and $96 for 2016 and 2015, respectively, have been reclassified to U.S. Services to conform to the current presentation.

* Non-GAAP financial measure not disclosed.

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area



	Year Ended December 31,
	2017		2016		2015
Revenue:
United States	$	244,684	$	247,864	$	530,133
Europe/Middle East/Africa	138,304		160,651		314,173
Latin America	33,131		35,390		56,515
Asia Pacific	20,573		30,325		55,995
Other countries	18,103		13,301		17,784
	$	454,795	$	487,531	$	974,600

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country



	December 31,
	2017		2016
Long-Lived Assets (PP&E)
United States	$	272,342	$	319,111
International	197,304		247,913
	$	469,646	$	567,024