Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019
	Tubular Running Services		Tubulars		Cementing Equipment		Consolidated
United States	$	38,155	$	16,628	$	21,578	$	76,361
International	59,924		2,029		6,094		68,047
Total Revenues	$	98,079	$	18,657	$	27,672	$	144,408



	Three Months Ended March 31, 2018
	Tubular Running Services		Tubulars		Cementing Equipment		Consolidated
United States	$	30,930	$	16,782	$	17,054	$	64,766
International	47,944		904		1,955		50,803
Total Revenues	$	78,874	$	17,686	$	19,009	$	115,569

Revenues by geographic area were as follows (in thousands):



	Three Months Ended
	March 31,
	2019		2018
United States	$	76,361	$	64,766
Europe/Middle East/Africa	36,400		28,546
Latin America	17,444		7,473
Asia Pacific	7,949		7,694
Other countries	6,254		7,090
Total Revenues	$	144,408	$	115,569

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,
	2019			2018
Segment Adjusted EBITDA:
Tubular Running Services	$	17,735		$	4,946
Tubulars	4,112			3,593
Cementing Equipment	3,794			951
Corporate ⁽¹⁾	(15,983		)	(11,649		)
	9,658			(2,159		)
Interest income, net	768			944
Depreciation and amortization	(25,242		)	(28,300		)
Income tax expense	(9,773		)	(6,375		)
Loss on disposal of assets	(227		)	(235		)
Foreign currency gain	483			1,704
TRA related adjustments	—			(2,941		)
Charges and credits ⁽²⁾	(3,954		)	(4,711		)
Net loss	$	(28,287	)	$	(42,073	)


⁽¹⁾	Includes certain expenses not attributable to a particular segment, such as costs related to support functions and corporate executives.

⁽²⁾

Comprised of Equity-based compensation expense (for the three months ended March 31, 2019 and 2018: $2,574 and $2,280, respectively), Mergers and acquisition expense (for the three months ended March 31, 2019 and 2018: none and $58, respectively), Severance and other charges, net (for the three months ended March 31, 2019 and 2018: $455 and $1,254, respectively), Unrealized and realized gains (losses) (for the three months ended March 31, 2019 and 2018: $308 and $(400), respectively) and Investigation-related matters (for the three months ended March 31, 2019 and 2018: $1,233 and $719, respectively).

Schedule of Financial Information, by Reportable Segments

The following tables set forth certain financial information with respect to our reportable segments (in thousands):



	Tubular Running Services			Tubulars		Cementing Equipment			Corporate			Total
Three Months Ended March 31, 2019
Revenue from external customers	$	98,079		$	18,657	$	27,672		$	—		$	144,408
Operating income (loss)	141			3,194		(824		)	(22,805		)	(20,294		)
Adjusted EBITDA	17,735			4,112		3,794			(15,983		)	*

Three Months Ended March 31, 2018
Revenue from external customers	$	78,874		$	17,686	$	19,009		$	—		$	115,569
Operating income (loss)	(16,893		)	3,003		(3,483		)	(17,534		)	(34,907		)
Adjusted EBITDA	4,946			3,593		951			(11,649		)	*

* Non-GAAP financial measure not disclosed.