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Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021
			Tubular Running Services						Tubulars						Cementing Equipment						Consolidated
United States			$	18,367					$	7,993					$	9,345					$	35,705
International			47,918						3,676						7,512						59,106
Total Revenue			$	66,285					$	11,669					$	16,857					$	94,811
			Three Months Ended March 31, 2020
			Tubular Running Services						Tubulars						Cementing Equipment						Consolidated
United States			$	30,169					$	9,797					$	13,531					$	53,497
International			59,328						2,745						7,922						69,995
Total Revenue			$	89,497					$	12,542					$	21,453					$	123,492

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

									Three Months Ended
									March 31,
															2021						2020
United States															$	35,705					$	53,497
Europe/Middle East/Africa															28,254						35,434
Latin America															21,934						20,925
Asia Pacific															7,653						9,569
Other countries															1,265						4,067
Total Revenue															$	94,811					$	123,492

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
									March 31,
															2021						2020
Segment Adjusted EBITDA:
Tubular Running Services															$	8,128					$	13,305
Tubulars															639						1,396
Cementing Equipment															4,795						2,544
Corporate (1)															(6,909)						(10,186)
															6,653						7,059
Goodwill impairment															—						(57,146)
Severance and other charges, net															(7,376)						(20,725)
Interest income (expense), net															(287)						533
Depreciation and amortization															(16,107)						(19,718)
Income tax (expense) benefit															(1,070)						15,563
Gain (loss) on disposal of assets															182						(60)
Foreign currency loss															(2,868)						(9,892)
Charges and credits (2)															(3,013)						(1,592)
Net loss															$	(23,886)					$	(85,978)

(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, 2021 and 2020: $2,872 and $2,146, respectively), Unrealized and realized gains (losses) (for the three months ended March 31, 2021 and 2020: $(99) and $1,704, respectively) and Investigation-related matters (for the three months ended March 31, 2021 and 2020: $42 and $1,150, 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, 2021
Revenue from external customers			$	66,285					$	11,669					$	16,857					$	—					$	94,811
Operating income (loss)			(5,452)						(875)						1,993						(15,452)						(19,786)
Adjusted EBITDA			8,128						639						4,795						(6,909)						*
Three Months Ended March 31, 2020
Revenue from external customers			$	89,497					$	12,542					$	21,453					$	—					$	123,492
Operating income (loss)			(1,315)						651						(77,498)						(16,046)						(94,208)
Adjusted EBITDA			13,305						1,396						2,544						(10,186)						*

* Non-GAAP financial measure not disclosed.

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