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Note 5 - Property, Plant and Equipment | 6 Months Ended
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Jun. 30, 2021
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] | Note 5—Property, Plant and Equipment The following is a summary of property, plant and equipment at June 30, 2021, and December 31, 2020, (in thousands):
|  | Estimated |  |  |  |  |  |  |  |  |
|  | Useful Lives |  |  | June 30, |  |  | December 31, |
|  | in Years |  |  | 2021 |  |  | 2020 |
Land |  | — |  |  | $ | 31,148 |  |  | $ | 30,869 |
Land improvements |  | 8 - 15 |  |  |  | 7,624 |  |  |  | 7,620 |
Buildings and improvements |  | 13 - 39 |  |  |  | 118,864 |  |  |  | 121,105 |
Rental machinery and equipment |  | 2 - 7 |  |  |  | 906,067 |  |  |  | 897,398 |
Machinery and equipment - other |  | 7 |  |  |  | 55,282 |  |  |  | 54,842 |
Furniture, fixtures and computers |  | 3 - 5 |  |  |  | 19,809 |  |  |  | 16,928 |
Automobiles and other vehicles |  | 5 |  |  |  | 25,861 |  |  |  | 25,948 |
Leasehold improvements |  | 7 - 15, or lease term if shorter |  |  |  | 12,652 |  |  |  | 12,773 |
Construction in progress - machinery and equipment |  | — |  |  |  | 11,866 |  |  |  | 24,381 |
|  |  |  |  |  | 1,189,173 |  |  |  | 1,191,864 |
Less: Accumulated depreciation |  |  |  |  |  | (944,716 | ) |  |  | (919,157 | )
Total property, plant and equipment, net |  |  |  |  | $ | 244,457 |  |  | $ | 272,707 |
During the six months ended June 30, 2020, we recorded fixed asset impairment charges of $15.5 million primarily associated with construction in progress in our Cementing Equipment segment, which is included in severance and other charges, net on our condensed consolidated statements of operations. During the first quarter of 2020, the results of the Company's test for impairment of goodwill in the Cementing Equipment segment as a result of negative market indicators was a triggering event that indicated that our long-lived tangible assets in this segment were impaired. Impairment testing performed in the first quarter of 2020 resulted in the determination that certain long-lived assets were not recoverable and that the estimated fair value was below the carrying value. Please see Note 15—Severance and Other Charges, net for additional details. No impairments associated with held for use assets were recognized during the three and six months ended June 30, 2021. During the first quarter of 2021, a building with a net book value of $1.9 million was sold, resulting in a gain of $0.2 million. In addition, a building with a net book value of $2.6 million met the criteria to be classified as held for sale and was reclassified from property, plant and equipment to assets held for sale on our condensed consolidated balance sheet. During the second quarter of 2021, we sold a building classified as held for sale for $1.8 million and recorded a gain of $1.3 million. During the second quarter of 2020, we sold a building classified as held for sale for $5.4 million and recorded a gain of $0.6 million. The following table presents the depreciation and amortization expense associated with each line item for the three and six months ended June 30, 2021 and 2020 (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Services |  | $ | 13,683 |  |  | $ | 15,771 |  |  | $ | 28,154 |  |  | $ | 33,034 |
Products |  |  | 126 |  |  |  | 184 |  |  |  | 265 |  |  |  | 423 |
General and administrative expenses |  |  | 1,523 |  |  |  | 1,297 |  |  |  | 3,020 |  |  |  | 3,513 |
Total |  | $ | 15,332 |  |  | $ | 17,252 |  |  | $ | 31,439 |  |  | $ | 36,970 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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