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BUSINESS SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2023
BUSINESS SEGMENT INFORMATION |
Schedule of operating segment revenues by major service lines | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​
​ | ​ | March 31, | ​
(in thousands) |  | 2023 |  | 2022 | ​
Technical Services: | ​ | ​ |  | ​ | ​ |  | ​
Pressure Pumping | ​ | $ | 264,801 | ​ | $ | 119,898 | ​
Downhole Tools | ​ | ​ | 107,404 |  | ​ | 81,070 | ​
Coiled Tubing | ​ | ​ | 40,066 |  | ​ | 26,850 | ​
Nitrogen | ​ | ​ | 12,097 |  | ​ | 7,603 | ​
Snubbing | ​ | ​ | 7,091 |  | ​ | 6,212 | ​
All other | ​ | ​ | 20,532 |  | ​ | 24,716 | ​
Total Technical Services | ​ | $ | 451,991 | ​ | $ | 266,349 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Support Services: | ​ |  |  | ​ |  |  | ​
Rental Tools | ​ | $ | 17,676 | ​ | $ | 13,063 | ​
All other | ​ |  | 7,001 | ​ |  | 5,212 | ​
Total Support Services | ​ | $ | 24,677 | ​ | $ | 18,275 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total revenues | ​ | $ | 476,668 | ​ | $ | 284,624 | ​
​
Schedule of revenue by geographical location | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended | ​
​ | ​ | March 31, | ​
(in thousands) |  | 2023 |  | 2022 | ​
United States revenues | ​ | $ | 469,387 | ​ | $ | 275,345 | ​
International revenues | ​ | ​ | 7,281 |  | ​ | 9,279 | ​
Total revenues | ​ | $ | 476,668 | ​ | $ | 284,624 | ​
​
Schedule of segment reporting information by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended
​ | ​ | March 31,
(in thousands) |  | 2023 |  | 2022
Revenues: |  | ​ |  |  | ​ |
Technical Services | ​ | $ | 451,991 | ​ | $ | 266,349
Support Services | ​ |  | 24,677 | ​ |  | 18,275
Total revenues | ​ | $ | 476,668 | ​ | $ | 284,624
Operating income: | ​ |  | ​ | ​ |  | ​
Technical Services | ​ | $ | 103,533 | ​ | $ | 21,811
Support Services | ​ |  | 6,644 | ​ |  | 2,780
Corporate expenses | ​ |  | (5,081) | ​ |  | (4,510)
Pension settlement charge | ​ | ​ | (17,375) | ​ | ​ | —
Gain on disposition of assets, net | ​ |  | 2,936 | ​ |  | 2,954
Total operating income | ​ | $ | 90,657 | ​ | $ | 23,035
Interest expense | ​ |  | (72) | ​ |  | (178)
Interest income | ​ |  | 1,855 | ​ |  | 15
Other income, net | ​ |  | 761 | ​ |  | 504
Income before income taxes | ​ | $ | 93,201 | ​ | $ | 23,376
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of and for the three months ended | ​ | Technical | ​ | Support | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2023 |  | Services |  | Services |  | Corporate |  | Total
(in thousands) |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Depreciation and amortization | ​ | $ | 22,008 | ​ | $ | 2,104 | ​ | $ | 13 | ​ | $ | 24,125
Capital expenditures | ​ |  | 63,002 | ​ |  | 1,313 | ​ |  | 985 | ​ |  | 65,300
Identifiable assets | ​ | ​ | 851,689 | ​ | ​ | 82,530 | ​ | ​ | 253,611 | ​ | ​ | 1,187,830
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of and for the three months ended | ​ | Technical | ​ | Support | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2022 |  | Services |  | Services |  | Corporate |  | Total
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 16,974 | ​ | $ | 2,427 | ​ | $ | 65 | ​ | $ | 19,466
Capital expenditures | ​ |  | 16,624 | ​ |  | 2,410 | ​ |  | 50 | ​ |  | 19,084
Identifiable assets | ​ | ​ | 616,961 | ​ | ​ | 74,021 | ​ | ​ | 200,186 | ​ | ​ | 891,168

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