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Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

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, 2020
			Tubular Running Services						Tubulars						Cementing Equipment						Consolidated
United States			$	18,874					$	4,990					$	7,284					$	31,148
International			43,453						3,751						7,749						54,953
Total Revenue			$	62,327					$	8,741					$	15,033					$	86,101
			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
			Six Months Ended June 30, 2020
			Tubular Running Services						Tubulars						Cementing Equipment						Consolidated
United States			$	49,043					$	14,787					$	20,815					$	84,645
International			102,781						6,496						15,671						124,948
Total Revenue			$	151,824					$	21,283					$	36,486					$	209,593
			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

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

			Three Months Ended																		Six Months Ended
			June 30,																		June 30,
			2020						2019						2020						2019
United States			$	31,148					$	81,136					$	84,645					$	157,497
Europe/Middle East/Africa			21,886						38,655						57,320						75,055
Latin America			20,077						19,895						41,002						37,339
Asia Pacific			8,734						10,077						18,303						18,026
Other countries			4,256						5,891						8,323						12,145
Total Revenue			$	86,101					$	155,654					$	209,593					$	300,062

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,
			2020						2019						2020						2019
Segment Adjusted EBITDA:
Tubular Running Services			$	4,049					$	25,400					$	17,354					$	43,135
Tubulars			681						3,934						2,077						8,046
Cementing Equipment			886						3,029						3,430						6,823
Corporate (1)			(7,308)						(15,200)						(17,494)						(31,183)
			(1,692)						17,163						5,367						26,821
Goodwill impairment			—						—						(57,146)						—
Severance and other charges, net			(5,162)						(815)						(25,887)						(1,270)
Interest income, net			178						426						711						1,194
Depreciation and amortization			(17,252)						(23,913)						(36,970)						(49,155)
Income tax (expense) benefit			(8,986)						(3,300)						6,577						(13,073)
Gain (loss) on disposal of assets			650						(154)						590						(381)
Foreign currency gain (loss)			1,693						(661)						(8,199)						(178)
TRA related adjustments			—						220						—						220
Charges and credits (2)			(3,674)						(4,126)						(5,266)						(7,625)
Net loss			$	(34,245)					$	(15,160)					$	(120,223)					$	(43,447)

⁽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, 2020 and 2019: $3,515 and $3,017, respectively, and for the six months ended June 30, 2020 and 2019: $5,661 and $5,591, respectively), Unrealized and realized gains (losses) (for the three months ended June 30, 2020 and 2019: $(111) and $383, respectively, and for the six months ended June 30, 2020 and 2019: $1,593 and $691, respectively) and Investigation-related matters (for the three months ended June 30, 2020 and 2019: $48 and $1,492, respectively, and for the six months ended June 30, 2020 and 2019: $1,198 and $2,725, 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, 2020
Revenue from external customers			$	62,327					$	8,741					$	15,033					$	—					$	86,101
Operating income (loss)			(13,252)						(184)						(2,486)						(11,364)						(27,286)
Adjusted EBITDA			4,049						681						886						(7,308)						*
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)						*
Six Months Ended June 30, 2020
Revenue from external customers			$	151,824					$	21,283					$	36,486					$	—					$	209,593
Operating income (loss)			(14,567)						467						(79,984)						(27,410)						(121,494)
Adjusted EBITDA			17,354						2,077						3,430						(17,494)						*
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)						*

* Non-GAAP financial measure not disclosed.

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