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Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2020
			Tubular Running Services						Tubulars						Cementing Equipment						Consolidated
United States			$	15,213					$	12,483					$	7,430					$	35,126
International			37,713						4,000						7,578						49,291
Total Revenue			$	52,926					$	16,483					$	15,008					$	84,417
			Three Months Ended September 30, 2019
			Tubular Running Services						Tubulars						Cementing Equipment						Consolidated
United States			$	34,903					$	10,148					$	20,044					$	65,095
International			67,374						2,371						5,577						75,322
Total Revenue			$	102,277					$	12,519					$	25,621					$	140,417
			Nine Months Ended September 30, 2020
			Tubular Running Services						Tubulars						Cementing Equipment						Consolidated
United States			$	64,256					$	27,270					$	28,245					$	119,771
International			140,494						10,496						23,249						174,239
Total Revenue			$	204,750					$	37,766					$	51,494					$	294,010
			Nine Months Ended September 30, 2019
			Tubular Running Services						Tubulars						Cementing Equipment						Consolidated
United States			$	114,466					$	45,163					$	62,963					$	222,592
International			192,505						8,347						17,035						217,887
Total Revenue			$	306,971					$	53,510					$	79,998					$	440,479

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

			Three Months Ended												Nine Months Ended
			September 30,												September 30,
			2020						2019						2020						2019
United States			$	35,126					$	65,095					$	119,771					$	222,592
Europe/Middle East/Africa			20,082						41,071						77,402						116,126
Latin America			20,001						19,181						61,003						56,520
Asia Pacific			6,928						9,727						25,231						27,753
Other countries			2,280						5,343						10,603						17,488
Total Revenue			$	84,417					$	140,417					$	294,010					$	440,479

Reconciliation of Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization from Segments to Net Loss

The following table presents a reconciliation of Segment Adjusted EBITDA to net loss (in thousands):

			Three Months Ended												Nine Months Ended
			September 30,												September 30,
			2020						2019						2020						2019
Segment Adjusted EBITDA:
Tubular Running Services			$	982					$	23,884					$	18,336					$	67,019
Tubulars			1,806						456						3,883						8,502
Cementing Equipment			3,376						3,031						6,806						9,854
Corporate (1)			(7,151)						(11,350)						(24,645)						(42,533)
			(987)						16,021						4,380						42,842
Goodwill impairment			—						—						(57,146)						—
Severance and other charges, net			(3,549)						(5,222)						(29,436)						(6,492)
Interest income (expense), net			(93)						563						618						1,757
Depreciation and amortization			(15,950)						(21,482)						(52,920)						(70,637)
Income tax (expense) benefit			(6,395)						(7,297)						182						(20,370)
Gain (loss) on disposal of assets			308						(603)						898						(984)
Foreign currency gain (loss)			2,334						(3,872)						(5,865)						(4,050)
TRA related adjustments			—						—						—						220
Charges and credits (2)			(3,459)						(1,897)						(8,725)						(9,522)
Net loss			$	(27,791)					$	(23,789)					$	(148,014)					$	(67,236)

(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 September 30, 2020 and 2019: $2,773 and $2,647, respectively, and for the nine months ended September 30, 2020 and 2019: $8,434 and $8,238, respectively), Unrealized and realized gains (losses) (for the three months ended September 30, 2020 and 2019: $(113) and $1,382, respectively, and for the nine months ended September 30, 2020 and 2019: $1,480 and $2,073, respectively) and Investigation-related matters (for the three months ended September 30, 2020 and 2019: $573 and $632, respectively, and for the nine months ended September 30, 2020 and 2019: $1,771 and $3,357, 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 September 30, 2020
Revenue from external customers			$	52,926					$	16,483					$	15,008					$	—					$	84,417
Operating income (loss)			(13,717)						860						1,160						(12,049)						(23,746)
Adjusted EBITDA			982						1,806						3,376						(7,151)						*
Three Months Ended September 30, 2019
Revenue from external customers			$	102,277					$	12,519					$	25,621					$	—					$	140,417
Operating income (loss)			8,253						(377)						(1,610)						(21,069)						(14,803)
Adjusted EBITDA			23,884						456						3,031						(11,350)						*
Nine Months Ended September 30, 2020
Revenue from external customers			$	204,750					$	37,766					$	51,494					$	—					$	294,010
Operating income (loss)			(28,284)						1,327						(78,824)						(39,459)						(145,240)
Adjusted EBITDA			18,336						3,883						6,806						(24,645)						*
Nine Months Ended September 30, 2019
Revenue from external customers			$	306,971					$	53,510					$	79,998					$	—					$	440,479
Operating income (loss)			17,094						5,906						(4,744)						(65,867)						(47,611)
Adjusted EBITDA			67,019						8,502						9,854						(42,533)						*

* Non-GAAP financial measure not disclosed.

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