XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.20.2

BUSINESS SEGMENT INFORMATION (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
BUSINESS SEGMENT INFORMATION |
Schedule of operating segment revenues by major service lines | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended
​ | ​ | June 30, | ​ | June 30,
(in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Technical Services: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Pressure Pumping | ​ | $ | 23,717 | ​ | $ | 170,066 | ​ | $ | 120,481 | ​ | $ | 317,825
Downhole Tools | ​ |  | 35,151 | ​ |  | 112,763 | ​ |  | 121,059 | ​ |  | 222,434
Coiled Tubing | ​ |  | 8,973 | ​ |  | 21,284 | ​ |  | 25,212 | ​ |  | 41,462
Nitrogen | ​ |  | 5,621 | ​ |  | 12,219 | ​ |  | 15,553 | ​ |  | 23,527
Snubbing | ​ |  | 1,093 | ​ |  | 4,355 | ​ |  | 3,397 | ​ |  | 7,818
All other | ​ |  | 5,977 | ​ |  | 17,347 | ​ |  | 22,530 | ​ |  | 39,047
Total Technical Services | ​ | $ | 80,532 | ​ | $ | 338,034 | ​ | $ | 308,232 | ​ | $ | 652,113
Support Services: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Rental Tools | ​ | $ | 5,069 | ​ | $ | 13,962 | ​ | $ | 15,475 | ​ | $ | 27,898
All other | ​ |  | 3,699 | ​ |  | 6,520 | ​ |  | 9,370 | ​ |  | 13,161
Total Support Services | ​ | $ | 8,768 | ​ | $ | 20,482 | ​ | $ | 24,845 | ​ | $ | 41,059
Total revenues | ​ | $ | 89,300 | ​ | $ | 358,516 | ​ | $ | 333,077 | ​ | $ | 693,172
Schedule of revenue by geographical location | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended
​ | ​ | June 30, | ​ | June 30,
(in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
United States revenues | ​ | $ | 82,506 | ​ | $ | 343,688 | ​ | $ | 310,500 | ​ | $ | 657,656
International revenues | ​ |  | 6,794 | ​ |  | 14,828 | ​ |  | 22,577 | ​ |  | 35,516
Total revenues | ​ | $ | 89,300 | ​ | $ | 358,516 | ​ | $ | 333,077 | ​ | $ | 693,172
Schedule of segment reporting information by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended
​ | ​ | June 30, | ​ | June 30,
(in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Revenues: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Technical Services | ​ | $ | 80,532 | ​ | $ | 338,034 | ​ | $ | 308,232 | ​ | $ | 652,113
Support Services | ​ |  | 8,768 | ​ |  | 20,482 | ​ |  | 24,845 | ​ |  | 41,059
Total revenues | ​ | $ | 89,300 | ​ | $ | 358,516 | ​ | $ | 333,077 | ​ | $ | 693,172
Operating (loss) income: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Technical Services | ​ | $ | (34,100) | ​ | $ | 6,850 | ​ | $ | (46,307) | ​ | $ | 2,392
Support Services | ​ |  | (1,846) | ​ |  | 4,018 | ​ |  | (299) | ​ |  | 7,155
Corporate Expenses | ​ |  | (3,139) | ​ |  | (3,614) | ​ |  | (6,469) | ​ |  | (7,958)
Impairment and Other Charges (1) | ​ | ​ | (1,639) | ​ | ​ | — | ​ | ​ | (207,175) | ​ | ​ | —
Gain on disposition of assets, net | ​ |  | 3,194 | ​ |  | 1,133 | ​ |  | 4,013 | ​ |  | 4,637
Total operating (loss) income | ​ | $ | (37,530) | ​ | $ | 8,387 | ​ | $ | (256,237) | ​ | $ | 6,226
Interest expense | ​ |  | (71) | ​ |  | (164) | ​ |  | (184) | ​ |  | (253)
Interest income | ​ |  | 68 | ​ |  | 594 | ​ |  | 402 | ​ |  | 1,394
Other (expense) income , net | ​ |  | (1,481) | ​ |  | (53) | ​ |  | (1,789) | ​ |  | 392
(Loss) Income before income taxes | ​ | $ | (39,014) | ​ | $ | 8,764 | ​ | $ | (257,808) | ​ | $ | 7,759
(1) | Represents $541 related to Corporate and the remainder to Technical Services.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of and for the six months ended | ​ | Technical | ​ | Support | ​ | ​ | ​ | ​ | ​ | ​
June 30, 2020 |  | Services |  | Services |  | Corporate |  | Total
(in thousands) |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Depreciation and amortization | ​ | $ | 54,615 | (1) | $ | 4,111 | ​ | $ | 140 | ​ | $ | 58,866
Capital expenditures | ​ |  | 31,296 | ​ |  | 7,027 | ​ |  | 336 | ​ |  | 38,659
Identifiable assets | ​ | $ | 474,670 | (1) | $ | 62,867 | ​ | $ | 245,331 | ​ | $ | 782,868
(1) | Reflects impact of impairment charges recorded during the six months ended June 30, 2020.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of and for the six months ended | ​ | Technical | ​ | Support | ​ | ​ | ​ | ​ | ​ | ​
June 30, 2019 |  | Services |  | Services |  | Corporate |  | Total
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 80,370 | ​ | $ | 4,856 | ​ | $ | 160 | ​ | $ | 85,386
Capital expenditures | ​ |  | 125,171 | ​ |  | 6,260 | ​ |  | 822 | ​ |  | 132,253
Identifiable assets | ​ | $ | 1,030,073 | ​ | $ | 86,928 | ​ | $ | 106,966 | ​ | $ | 1,223,967

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration