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BUSINESS SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2022
BUSINESS SEGMENT INFORMATION |
Schedule of operating segment revenues by major service lines | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021 | ​
Technical Services: | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Pressure Pumping | ​ | $ | 194,641 | ​ | $ | 72,179 | ​ | $ | 314,539 | ​ | $ | 147,079 | ​
Downhole Tools |  | ​ | 89,927 |  | ​ | 58,853 | ​ | ​ | 170,997 |  | ​ | 115,230 | ​
Coiled Tubing |  | ​ | 36,315 |  | ​ | 20,399 | ​ | ​ | 63,165 |  | ​ | 35,167 | ​
Nitrogen |  | ​ | 10,789 |  | ​ | 8,039 | ​ | ​ | 18,392 |  | ​ | 19,199 | ​
Snubbing |  | ​ | 7,025 |  | ​ | 3,105 | ​ | ​ | 13,237 |  | ​ | 6,937 | ​
All other |  | ​ | 17,406 |  | ​ | 13,544 | ​ | ​ | 42,122 |  | ​ | 25,148 | ​
Total Technical Services | ​ | $ | 356,103 | ​ | $ | 176,119 | ​ | $ | 622,452 | ​ | $ | 348,760 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Support Services: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Rental Tools | ​ | $ | 14,314 | ​ | $ | 8,549 | ​ | $ | 27,377 | ​ | $ | 14,581 | ​
All other | ​ |  | 5,090 | ​ |  | 4,089 | ​ |  | 10,302 | ​ |  | 8,026 | ​
Total Support Services | ​ | $ | 19,404 | ​ | $ | 12,638 | ​ | $ | 37,679 | ​ | $ | 22,607 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total revenues | ​ | $ | 375,507 | ​ | $ | 188,757 | ​ | $ | 660,131 | ​ | $ | 371,367 | ​
Schedule of revenue by geographical location | ​
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​ |  | Three months ended |  | Six months ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021 | ​
United States revenues | ​ | $ | 368,824 | ​ | $ | 181,530 | ​ | $ | 644,169 | ​ | $ | 354,459 | ​
International revenues |  | ​ | 6,683 |  | ​ | 7,227 | ​ | ​ | 15,962 |  | ​ | 16,908 | ​
Total revenues | ​ | $ | 375,507 | ​ | $ | 188,757 | ​ | $ | 660,131 | ​ | $ | 371,367 | ​
Schedule of segment reporting information by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended
​ | ​ | June 30, | ​ | June 30,
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Revenues: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Technical Services | ​ | $ | 356,103 | ​ | $ | 176,119 | ​ | $ | 622,452 | ​ | $ | 348,760
Support Services | ​ |  | 19,404 | ​ |  | 12,638 | ​ |  | 37,679 | ​ |  | 22,607
Total revenues | ​ | $ | 375,507 | ​ | $ | 188,757 | ​ | $ | 660,131 | ​ | $ | 371,367
Operating income (loss): | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Technical Services | ​ | $ | 59,827 | ​ | $ | 1,429 | ​ | $ | 81,638 | ​ | $ | (4,334)
Support Services | ​ |  | 3,334 | ​ |  | (2,402) | ​ |  | 6,114 | ​ |  | (5,298)
Corporate Expenses | ​ |  | (4,544) | ​ |  | (3,358) | ​ |  | (9,054) | ​ |  | (6,680)
Gain on disposition of assets, net | ​ |  | 1,798 | ​ |  | 3,111 | ​ |  | 4,752 | ​ |  | 4,571
Total operating income (loss) | ​ | $ | 60,415 | ​ | $ | (1,220) | ​ | $ | 83,450 | ​ | $ | (11,741)
Interest expense | ​ |  | (222) | ​ |  | (103) | ​ |  | (400) | ​ |  | (483)
Interest income | ​ |  | 128 | ​ |  | 14 | ​ |  | 143 | ​ |  | 32
Other income, net | ​ |  | 79 | ​ |  | 616 | ​ |  | 583 | ​ |  | 1,123
Income (loss) before income taxes | ​ | $ | 60,400 | ​ | $ | (693) | ​ | $ | 83,776 | ​ | $ | (11,069)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of and for the six months ended | ​ | Technical | ​ | Support | ​ | ​ | ​ | ​ | ​ | ​
June 30, 2022 |  | Services |  | Services |  | Corporate |  | Total
(in thousands) |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Depreciation and amortization | ​ | $ | 34,682 | ​ | $ | 4,752 | ​ | $ | 126 | ​ | $ | 39,560
Capital expenditures | ​ |  | 43,418 | ​ |  | 7,066 | ​ |  | 94 | ​ |  | 50,578
Identifiable assets | ​ | ​ | 702,162 | ​ | ​ | 76,205 | ​ | ​ | 186,712 | ​ | ​ | 965,079
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of and for the six months ended | ​ | Technical | ​ | Support | ​ | ​ | ​ | ​ | ​ | ​
June 30, 2021 |  | Services |  | Services |  | Corporate |  | Total
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 31,189 | ​ | $ | 4,344 | ​ | $ | 136 | ​ | $ | 35,669
Capital expenditures | ​ |  | 21,295 | ​ |  | 4,347 | ​ |  | 233 | ​ |  | 25,875
Identifiable assets | ​ | ​ | 485,058 | ​ | ​ | 73,815 | ​ | ​ | 231,333 | ​ | ​ | 790,206

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