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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Disaggregation of Revenue | The following tables presents our revenues disaggregated by geography based on the location where our services were provided and products sold (in thousands):
| Three Months Ended September 30, 2018
| International Services |  | U.S. Services |  | Tubular Sales |  | Blackhawk |  | Consolidated
United States | $ | — |  |  | $ | 38,292 |  |  | $ | 12,835 |  |  | $ | 19,096 |  |  | $ | 70,223 |
International | 53,891 |  |  | — |  |  | 36 |  |  | 4,836 |  |  | 58,763 |
Total Revenues | $ | 53,891 |  |  | $ | 38,292 |  |  | $ | 12,871 |  |  | $ | 23,932 |  |  | $ | 128,986 |
| Three Months Ended September 30, 2017
| International Services |  | U.S. Services |  | Tubular Sales |  | Blackhawk |  | Consolidated
United States | $ | — |  |  | $ | 29,065 |  |  | $ | 7,209 |  |  | $ | 17,432 |  |  | $ | 53,706 |
International | 53,742 |  |  | — |  |  | 492 |  |  | 143 |  |  | 54,377 |
Total Revenues | $ | 53,742 |  |  | $ | 29,065 |  |  | $ | 7,701 |  |  | $ | 17,575 |  |  | $ | 108,083 |
| Nine Months Ended September 30, 2018
| International Services |  | U.S. Services |  | Tubular Sales |  | Blackhawk |  | Consolidated
United States | $ | — |  |  | $ | 106,035 |  |  | $ | 41,939 |  |  | $ | 54,568 |  |  | $ | 202,542 |
International | 161,985 |  |  | — |  |  | 213 |  |  | 11,900 |  |  | 174,098 |
Total Revenues | $ | 161,985 |  |  | $ | 106,035 |  |  | $ | 42,152 |  |  | $ | 66,468 |  |  | $ | 376,640 |
| Nine Months Ended September 30, 2017
| International Services |  | U.S. Services |  | Tubular Sales |  | Blackhawk |  | Consolidated
United States | $ | — |  |  | $ | 89,936 |  |  | $ | 39,543 |  |  | $ | 51,374 |  |  | $ | 180,853 |
International | 153,851 |  |  | — |  |  | 1,244 |  |  | 525 |  |  | 155,620 |
Total Revenues | $ | 153,851 |  |  | $ | 89,936 |  |  | $ | 40,787 |  |  | $ | 51,899 |  |  | $ | 336,473 |
Revenue by geographic area was as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
United States | $ | 70,223 |  |  | $ | 53,706 |  |  | $ | 202,542 |  |  | $ | 180,853 |
Europe/Middle East/Africa | 31,972 |  |  | 37,381 |  |  | 96,665 |  |  | 102,586 |
Latin America | 11,984 |  |  | 6,897 |  |  | 32,441 |  |  | 25,957 |
Asia Pacific | 7,026 |  |  | 5,302 |  |  | 20,689 |  |  | 14,791 |
Other countries | 7,781 |  |  | 4,797 |  |  | 24,303 |  |  | 12,286 |
Total Revenues | $ | 128,986 |  |  | $ | 108,083 |  |  | $ | 376,640 |  |  | $ | 336,473 |
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):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Segment Adjusted EBITDA: |  |  |  |  |  |  |
International Services | $ | 7,848 |  |  | $ | 11,151 |  |  | $ | 23,894 |  |  | $ | 25,459 |
U.S. Services (1) | (846 | ) |  | (11,322 | ) |  | (16,526 | ) |  | (27,775 | )
Tubular Sales | 286 |  |  | (1,333 | ) |  | 2,644 |  |  | 1,736 |
Blackhawk | 4,328 |  |  | 3,477 |  |  | 10,398 |  |  | 7,653 |
| 11,616 |  |  | 1,973 |  |  | 20,410 |  |  | 7,073 |
Interest income, net | 866 |  |  | 1,019 |  |  | 2,419 |  |  | 2,170 |
Depreciation and amortization | (26,998 | ) |  | (30,650 | ) |  | (84,160 | ) |  | (92,700 | )
Income tax (expense) benefit | 7,461 |  |  | (87,613 | ) |  | 1,901 |  |  | (72,419 | )
Gain on disposal of assets | 2,242 |  |  | 829 |  |  | 1,790 |  |  | 2,091 |
Foreign currency gain (loss) | (879 | ) |  | 1,839 |  |  | (3,442 | ) |  | 3,184 |
TRA related adjustments | (1,170 | ) |  | 122,515 |  |  | (5,282 | ) |  | 122,515 |
Charges and credits (2) | (137 | ) |  | (7,616 | ) |  | (8,471 | ) |  | (22,231 | )
Net income (loss) | $ | (6,999 | ) |  | $ | 2,296 |  |  | $ | (74,835 | ) |  | $ | (50,317 | )
(1) | Includes all corporate general and administrative expenses.
(2) | Comprised of Equity-based compensation expense (for the three months ended September 30, 2018 and 2017: $3,008 and $2,342, respectively, and for the nine months ended September 30, 2018 and 2017: $8,176 and $11,458, respectively), Mergers and acquisition expense (for the three months ended September 30, 2018 and 2017: none and none, respectively, and for the nine months ended September 30, 2018 and 2017: $58 and $459, respectively), Severance and other (charges) credits, net (for the three months ended September 30, 2018 and 2017: $4,852 and $(1,648), respectively, and for the nine months ended September 30, 2018 and 2017: $2,483 and $(2,386), respectively), Unrealized and realized gains (losses) (for the three months ended September 30, 2018 and 2017: $360 and $(1,123), respectively, and for the nine months ended September 30, 2018 and 2017: $1,521 and $(2,819), respectively) and Investigation-related matters (for the three months ended September 30, 2018 and 2017: $2,341 and $2,503, respectively, and for the nine months ended September 30, 2018 and 2017: $4,241 and $5,109, 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 September 30, 2018 |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers | $ | 53,891 |  |  | $ | 38,292 |  |  | $ | 12,871 |  |  | $ | 23,932 |  |  | $ | — |  |  | $ | 128,986 |
Inter-segment revenue | (44 | ) |  | 4,694 |  |  | 92 |  |  | 2,036 |  |  | (6,778 | ) |  | — |
Operating income (loss) | 1,423 |  |  | (14,482 | ) |  | (493 | ) |  | (39 | ) |  | — |  |  | (13,591 | )
Adjusted EBITDA | 7,848 |  |  | (846 | ) |  | 286 |  |  | 4,328 |  |  | — |  |  | *
Three Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers | $ | 53,742 |  |  | $ | 29,065 |  |  | $ | 7,701 |  |  | $ | 17,575 |  |  | $ | — |  |  | $ | 108,083 |
Inter-segment revenue | 3 |  |  | 4,062 |  |  | 3,111 |  |  | 33 |  |  | (7,209 | ) |  | — |
Operating loss | (2,647 | ) |  | (25,453 | ) |  | (3,967 | ) |  | (3,013 | ) |  | — |  |  | (35,080 | )
Adjusted EBITDA | 11,151 |  |  | (11,322 | ) |  | (1,333 | ) |  | 3,477 |  |  | — |  |  | *
Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers | $ | 161,985 |  |  | $ | 106,035 |  |  | $ | 42,152 |  |  | $ | 66,468 |  |  | $ | — |  |  | $ | 376,640 |
Inter-segment revenue | (123 | ) |  | 13,549 |  |  | 285 |  |  | 2,590 |  |  | (16,301 | ) |  | — |
Operating loss | (12,350 | ) |  | (56,382 | ) |  | (57 | ) |  | (3,491 | ) |  | — |  |  | (72,280 | )
Adjusted EBITDA | 23,894 |  |  | (16,526 | ) |  | 2,644 |  |  | 10,398 |  |  | — |  |  | *
Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers | $ | 153,851 |  |  | $ | 89,936 |  |  | $ | 40,787 |  |  | $ | 51,899 |  |  | $ | — |  |  | $ | 336,473 |
Inter-segment revenue | 18 |  |  | 12,890 |  |  | 10,350 |  |  | 105 |  |  | (23,363 | ) |  | — |
Operating loss | (19,140 | ) |  | (73,092 | ) |  | (782 | ) |  | (12,642 | ) |  | — |  |  | (105,656 | )
Adjusted EBITDA | 25,459 |  |  | (27,775 | ) |  | 1,736 |  |  | 7,653 |  |  | — |  |  | *
* Non-GAAP financial measure not disclosed.

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