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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Disaggregation of Revenue
The following tables presents our revenue disaggregated by geography, based on the location where our services were provided and products sold (in thousands):
 
Three Months Ended June 30, 2019
 
Tubular Running Services
 
Tubulars
 
Cementing Equipment
 
Consolidated
United States
$
41,408

 
$
18,387

 
$
21,341

 
$
81,136

International
65,207

 
3,947

 
5,364

 
74,518

Total Revenue
$
106,615

 
$
22,334

 
$
26,705

 
$
155,654

 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
Tubular Running Services
 
Tubulars
 
Cementing Equipment
 
Consolidated
United States
$
33,372

 
$
15,765

 
$
18,418

 
$
67,555

International
58,146

 
1,275

 
5,109

 
64,530

Total Revenue
$
91,518

 
$
17,040

 
$
23,527

 
$
132,085

 
Six Months Ended June 30, 2019
 
Tubular Running Services
 
Tubulars
 
Cementing Equipment
 
Consolidated
United States
$
79,563

 
$
35,015

 
$
42,919

 
$
157,497

International
125,131

 
5,976

 
11,458

 
142,565

Total Revenue
$
204,694

 
$
40,991

 
$
54,377

 
$
300,062

 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
Tubular Running Services
 
Tubulars
 
Cementing Equipment
 
Consolidated
United States
$
64,301

 
$
32,547

 
$
35,472

 
$
132,320

International
106,091

 
2,179

 
7,064

 
115,334

Total Revenue
$
170,392

 
$
34,726

 
$
42,536

 
$
247,654


Revenue by geographic area were as follows (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2019
 
2018
 
2019
 
2018
United States
$
81,136

 
$
67,555

 
$
157,497

 
$
132,320

Europe/Middle East/Africa
38,655

 
32,544

 
75,055

 
61,090

Latin America
19,895

 
12,983

 
37,339

 
20,457

Asia Pacific
10,077

 
9,572

 
18,026

 
17,266

Other countries
5,891

 
9,431

 
12,145

 
16,521

Total Revenue
$
155,654

 
$
132,085

 
$
300,062

 
$
247,654
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,
 
2019
 
2018
 
2019
 
2018
Segment Adjusted EBITDA:
 
 
 
 
 
 
 
Tubular Running Services
$
25,400

 
$
18,860

 
$
43,135

 
$
23,806

Tubulars
3,934

 
3,327

 
8,046

 
6,920

Cementing Equipment
3,029

 
4,151

 
6,823

 
5,102

Corporate (1)
(15,200
)
 
(15,385
)
 
(31,183
)
 
(27,034
)
 
17,163

 
10,953

 
26,821

 
8,794

Interest income, net
426

 
609

 
1,194

 
1,553

Depreciation and amortization
(23,913
)
 
(28,862
)
 
(49,155
)
 
(57,162
)
Income tax (expense) benefit
(3,300
)
 
815

 
(13,073
)
 
(5,560
)
Loss on disposal of assets
(154
)
 
(217
)
 
(381
)
 
(452
)
Foreign currency loss
(661
)
 
(4,267
)
 
(178
)
 
(2,563
)
TRA related adjustments
220

 
(1,171
)
 
220

 
(4,112
)
Charges and credits (2)
(4,941
)
 
(3,623
)
 
(8,895
)
 
(8,334
)
Net loss
$
(15,160
)
 
$
(25,763
)
 
$
(43,447
)
 
$
(67,836
)

 
 

(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 June 30, 2019 and 2018: $3,017 and $2,888, respectively, and for the six months ended June 30, 2019 and 2018: $5,591 and $5,168, respectively), Mergers and acquisition expense (for the three months ended June 30, 2019 and 2018: none and none, respectively, and for the six months ended June 30, 2019 and 2018: none and $58, respectively), Severance and other charges, net (for the three months ended June 30, 2019 and 2018: $815 and $1,115, respectively, and for the six months ended June 30, 2019 and 2018: $1,270 and $2,369, respectively), Unrealized and realized gains (for the three months ended June 30, 2019 and 2018: $383 and $1,561, respectively, and for the six months ended June 30, 2019 and 2018: $691 and $1,161, respectively) and Investigation-related matters (for the three months ended June 30, 2019 and 2018: $1,492 and $1,181, respectively, and for the six months ended June 30, 2019 and 2018: $2,725 and $1,900, 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 June 30, 2019
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
106,615

 
$
22,334

 
$
26,705

 
$
—

 
$
155,654

Operating income (loss)
8,700

 
3,089

 
(2,310
)
 
(21,993
)
 
(12,514
)
Adjusted EBITDA
25,400

 
3,934

 
3,029

 
(15,200
)
 
*
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
91,518

 
$
17,040

 
$
23,527

 
$
—

 
$
132,085

Operating income (loss)
(3,615
)
 
2,653

 
(272
)
 
(22,548
)
 
(23,782
)
Adjusted EBITDA
18,860

 
3,327

 
4,151

 
(15,385
)
 
*
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2019
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
204,694

 
$
40,991

 
$
54,377

 
$
—

 
$
300,062

Operating income (loss)
8,841

 
6,283

 
(3,134
)
 
(44,798
)
 
(32,808
)
Adjusted EBITDA
43,135

 
8,046

 
6,823

 
(31,183
)
 
*
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
170,392

 
$
34,726

 
$
42,536

 
$
—

 
$
247,654

Operating income (loss)
(20,508
)
 
5,656

 
(3,755
)
 
(40,082
)
 
(58,689
)
Adjusted EBITDA
23,806

 
6,920

 
5,102

 
(27,034
)
 
*

 
 
* Non-GAAP financial measure not disclosed.