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Segment Information (Tables)

12 Months Ended

Dec. 31, 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):

	Year Ended December 31, 2019
	Tubular Running Services				Tubulars				Cementing Equipment				Consolidated
United States	$	147,547			$	63,087			$	82,538			$	293,172
International	252,780				11,600				22,368				286,748
Total Revenue	$	400,327			$	74,687			$	104,906			$	579,920

	Year Ended December 31, 2018
	Tubular Running Services				Tubulars				Cementing Equipment				Consolidated
United States	$	142,262			$	66,017			$	72,316			$	280,595
International	218,783				6,286				16,829				241,898
Total Revenue	$	361,045			$	72,303			$	89,145			$	522,493

	Year Ended December 31, 2017
	Tubular Running Services				Tubulars				Cementing Equipment				Consolidated
United States	$	116,795			$	57,882			$	70,007			$	244,684
International	203,583				5,511				1,017				210,111
Total Revenue	$	320,378			$	63,393			$	71,024			$	454,795

Revenue by geographic area was as follows (in thousands):

		Year Ended
		December 31,
		2019				2018				2017
United States		$	293,172			$	280,595			$	244,684
Europe/Middle East/Africa		155,278				127,968				132,768
Latin America		72,720				46,553				33,131
Asia Pacific		35,909				35,327				26,109
Other countries		22,841				32,050				18,103
Total Revenue		$	579,920			$	522,493			$	454,795

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):

	Year Ended December 31,
	2019				2018				2017
Segment Adjusted EBITDA:
Tubular Running Services	$	85,601			$	62,515			$	39,586
Tubulars	11,575				11,246				3,602
Cementing Equipment	14,089				8,617				6,421
Corporate (1)	(53,744		)		(49,146		)		(43,894		)
Total	57,521				33,232				5,715
Goodwill impairment	(111,108		)		—				—
Severance and other (charges) credits, net	(50,430		)		310				(75,354		)
Interest income, net	2,265				4,243				2,309
Income tax benefit (expense)	(23,794		)		2,950				(72,918		)
Depreciation and amortization	(92,800		)		(111,292		)		(122,102		)
Gain (loss) on disposal of assets	(1,037		)		1,309				2,045
Foreign currency gain (loss)	(2,233		)		(5,675		)		2,075
TRA related adjustments (2)	220				(1,359		)		122,515
Charges and credits (3)	(13,933		)		(14,451		)		(23,742		)
Net loss	$	(235,329	)		$	(90,733	)		$	(159,457	)

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

(2) Please see Note 12—Related Party Transactions for further discussion.

(3)

Comprised of Equity-based compensation expense (2019: $11,280; 2018: $10,621; 2017: $13,862), Mergers and acquisition expense (2019: none; 2018: $58; 2017: $459), Unrealized and realized gains (losses) (2019: $228; 2018: $1,682; 2017: $(2,791)), Investigation-related matters (2019: $3,838; 2018: $5,454; 2017: $6,143) and Other adjustments (2019: $957; 2018: none; 2017: $(487)).

Schedule of Segment Reporting Information, by Segment

The following table presents property, plant and equipment (“PP&E”) by segment.

	December 31,
	2019				2018
Long-Lived Assets (PP&E)
Tubular Running Services	$	132,626			$	202,874
Tubulars	15,162				12,921
Cementing Equipment	34,184				27,509
Corporate and shared assets	146,460				173,186
Total	$	328,432			$	416,490

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

	Tubular Running Services				Tubulars				Cementing Equipment				Corporate				Total
Year Ended December 31, 2019
Revenue from external customers	$	400,327			$	74,687			$	104,906			$	—			$	579,920
Operating income (loss)	(3,900		)		7,344				(124,597		)		(91,737		)		(212,890		)
Adjusted EBITDA	85,601				11,575				14,089				(53,744		)		*
Depreciation and amortization	61,036				2,903				16,130				12,731				92,800
Purchases of property, plant and equipment and intangibles	16,086				2,859				16,374				1,623				36,942
Year Ended December 31, 2018
Revenue from external customers	$	361,045			$	72,303			$	89,145			$	—			$	522,493
Operating income (loss)	(16,886		)		7,616				(9,313		)		(74,298		)		(92,881		)
Adjusted EBITDA	62,515				11,246				8,617				(49,146		)		*
Depreciation and amortization	80,009				3,371				16,324				11,588				111,292
Purchases of property, plant and equipment and intangibles	7,824				1,838				7,583				39,226				56,471
Year Ended December 31, 2017
Revenue from external customers	$	320,378			$	63,393			$	71,024			$	—			$	454,795
Operating loss	(72,524		)		(49,902		)		(19,571		)		(72,745		)		(214,742		)
Adjusted EBITDA	39,586				3,602				6,421				(43,894		)		*
Depreciation and amortization	84,219				3,557				22,739				11,587				122,102
Purchases of property, plant and equipment and intangibles	14,437				362				4,885				2,306				21,990

* Non-GAAP financial measure not disclosed.

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

	December 31,
	2019				2018
Long-Lived Assets (PP&E)
United States	$	207,227			$	272,476
International	121,205				144,014
	$	328,432			$	416,490

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