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Geographic Areas | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Geographic Areas | 9. Geographic Areas The Company’s operations are organized into three geographic segments - Western Hemisphere (including North and South America; headquartered in Houston, Texas), Eastern Hemisphere (including Europe and Africa; headquartered in Aberdeen, Scotland) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East; headquartered in Singapore). Each of these segments sells similar products and services and the Company has manufacturing facilities in all three of its regional headquarter locations as well as in Macae, Brazil. Eliminations of operating profits are related to intercompany inventory transfers that are deferred until shipment is made to third party customers.
|  | Three months ended March 31, |
|  | Western Hemisphere |  |  | Eastern Hemisphere |  |  | Asia-Pacific |  |  | DQ Corporate |  |  | Total |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
|  | (In thousands) |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Point in Time |  | $ | 21,071 |  |  | $ | 28,286 |  |  | $ | 3,740 |  |  | $ | 4,853 |  |  | $ | 6,411 |  |  | $ | 8,576 |  |  | $ | - |  |  | $ | - |  |  | $ | 31,222 |  |  | $ | 41,715 |
Over-Time |  |  | 15,590 |  |  |  | 9,630 |  |  |  | 8,043 |  |  |  | 1,869 |  |  |  | 787 |  |  |  | 2,369 |  |  |  | - |  |  |  | - |  |  |  | 24,420 |  |  |  | 13,868 |
Total Products |  |  | 36,661 |  |  |  | 37,916 |  |  |  | 11,783 |  |  |  | 6,722 |  |  |  | 7,198 |  |  |  | 10,945 |  |  |  | - |  |  |  | - |  |  |  | 55,642 |  |  |  | 55,583 |
Services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Technical Advisory |  |  | 8,290 |  |  |  | 8,321 |  |  |  | 2,698 |  |  |  | 1,893 |  |  |  | 2,528 |  |  |  | 4,187 |  |  |  | - |  |  |  | - |  |  |  | 13,516 |  |  |  | 14,401 |
Reconditioning |  |  | 3,295 |  |  |  | 2,183 |  |  |  | 564 |  |  |  | 826 |  |  |  | 124 |  |  |  | 257 |  |  |  | - |  |  |  | - |  |  |  | 3,983 |  |  |  | 3,266 |
Total Services (excluding rental tools) |  |  | 11,585 |  |  |  | 10,504 |  |  |  | 3,262 |  |  |  | 2,719 |  |  |  | 2,652 |  |  |  | 4,444 |  |  |  | - |  |  |  | - |  |  |  | 17,499 |  |  |  | 17,667 |
Leasing |  |  | 5,201 |  |  |  | 4,437 |  |  |  | 1,953 |  |  |  | 1,128 |  |  |  | 2,842 |  |  |  | 2,424 |  |  |  | - |  |  |  | - |  |  |  | 9,996 |  |  |  | 7,989 |
Total Services (including rental tools) |  |  | 16,786 |  |  |  | 14,941 |  |  |  | 5,215 |  |  |  | 3,847 |  |  |  | 5,494 |  |  |  | 6,868 |  |  |  | - |  |  |  | - |  |  |  | 27,495 |  |  |  | 25,656 |
Intercompany |  |  | 3,909 |  |  |  | 2,224 |  |  |  | 564 |  |  |  | 141 |  |  |  | 1,459 |  |  |  | 2,074 |  |  |  |  |  |  | - |  |  |  | 5,932 |  |  |  | 4,439 |
Eliminations |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (5,932 | ) |  |  | (4,439 | ) |  |  | (5,932 | ) |  |  | (4,439 | )
Total Revenues |  | $ | 57,356 |  |  | $ | 55,081 |  |  | $ | 17,562 |  |  | $ | 10,710 |  |  | $ | 14,151 |  |  | $ | 19,887 |  |  | $ | (5,932 | ) |  | $ | (4,439 | ) |  | $ | 83,137 |  |  | $ | 81,239 |
Depreciation and amortization |  | $ | 4,571 |  |  | $ | 4,304 |  |  | $ | 1,020 |  |  | $ | 990 |  |  | $ | 1,054 |  |  | $ | 1,203 |  |  | $ | 914 |  |  | $ | 919 |  |  | $ | 7,559 |  |  | $ | 7,416 |
Income (loss) before income taxes |  | $ | 8,553 |  |  | $ | (19,379 | ) |  | $ | 75 |  |  | $ | (2,863 | ) |  | $ | 340 |  |  | $ | 10,738 |  |  | $ | (14,410 | ) |  | $ | (20,468 | ) |  | $ | (5,442 | ) |  | $ | (31,972 | )
During the three months ended March 31, 2022, the Company did no t incur any significant costs under the 2021 global strategic plan.
|  | March 31, 2022 |  |  | December 31, 2021 |
|  | (In thousands) |
Total long-lived assets: |  |  |  |  |  |
Western Hemisphere |  | $ | 334,167 |  |  | $ | 335,760 |
Eastern Hemisphere |  |  | 222,993 |  |  |  | 224,345 |
Asia-Pacific |  |  | 57,543 |  |  |  | 58,308 |
Eliminations |  |  | (353,969 | ) |  |  | (353,536 | )
Total |  | $ | 260,734 |  |  | $ | 264,877 |
Total assets: |  |  |  |  |  |
Western Hemisphere |  | $ | 662,972 |  |  | $ | 686,361 |
Eastern Hemisphere |  |  | 805,945 |  |  |  | 805,574 |
Asia-Pacific |  |  | 179,171 |  |  |  | 184,097 |
Eliminations |  |  | (669,978 | ) |  |  | (665,606 | )
Total |  | $ | 978,110 |  |  | $ | 1,010,426 |
During the quarter ended March 31, 2022, we did not have any asset write-downs. During the first quarter of 2021, there were approximately $19.1 million of non-cash inventory write downs in the Western Hemisphere and $0.2 million in the Eastern Hemisphere as we proceeded to shift from the manufacturing of our downhole tools products business to a vendor outsourcing model.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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