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BUSINESS SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2024
BUSINESS SEGMENT INFORMATION |
Schedule of operating segment revenues by major service lines | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​
​ | ​ | March 31, | ​
(in thousands) |  | 2024 |  | 2023 | ​
Technical Services: | ​ | ​ |  | ​ | ​ |  | ​
Pressure Pumping | ​ | $ | 176,256 | ​ | $ | 264,801 | ​
Downhole Tools | ​ | ​ | 93,794 |  | ​ | 107,404 | ​
Coiled Tubing | ​ | ​ | 33,168 |  | ​ | 40,066 | ​
Cementing | ​ | ​ | 27,751 | ​ | ​ | 6,245 | ​
Nitrogen | ​ | ​ | 9,550 |  | ​ | 12,097 | ​
Snubbing | ​ | ​ | 4,856 |  | ​ | 7,091 | ​
All other | ​ | ​ | 11,019 |  | ​ | 14,287 | ​
Total Technical Services | ​ | ​ | 356,394 | ​ | ​ | 451,991 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Support Services: | ​ |  |  | ​ |  |  | ​
Rental Tools | ​ | ​ | 15,974 | ​ | ​ | 17,676 | ​
All other | ​ |  | 5,465 | ​ |  | 7,001 | ​
Total Support Services | ​ | ​ | 21,439 | ​ | ​ | 24,677 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total revenues | ​ | $ | 377,833 | ​ | $ | 476,668 | ​
Schedule of segment reporting information by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended
​ | ​ | March 31,
(in thousands) |  | 2024 |  | 2023
Revenues: |  | ​ |  |  | ​ |
Technical Services | ​ | $ | 356,394 | ​ | $ | 451,991
Support Services | ​ |  | 21,439 | ​ |  | 24,677
Total revenues | ​ | $ | 377,833 | ​ | $ | 476,668
Operating income: | ​ |  | ​ | ​ |  | ​
Technical Services | ​ | $ | 31,956 | ​ | $ | 103,533
Support Services | ​ |  | 3,599 | ​ |  | 6,644
Corporate expenses | ​ |  | (4,420) | ​ |  | (5,081)
Pension settlement charges | ​ | ​ | — | ​ | ​ | (17,375)
Gain on disposition of assets, net | ​ |  | 1,214 | ​ |  | 2,936
Total operating income | ​ | ​ | 32,349 | ​ | ​ | 90,657
Interest expense | ​ |  | (234) | ​ |  | (72)
Interest income | ​ |  | 2,965 | ​ |  | 1,855
Other income, net | ​ |  | 767 | ​ |  | 761
Income before income taxes | ​ | $ | 35,847 | ​ | $ | 93,201
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of and for the three months ended | ​ | Technical | ​ | Support | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2024 |  | Services |  | Services |  | Corporate |  | Total
(in thousands) |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Depreciation and amortization | ​ | $ | 27,170 | ​ | $ | 2,815 | ​ | $ | 19 | ​ | $ | 30,004
Capital expenditures | ​ |  | 43,869 | ​ |  | 7,813 | ​ |  | 1,096 | ​ |  | 52,778
Identifiable assets | ​ | ​ | 897,462 | ​ | ​ | 79,763 | ​ | ​ | 320,008 | ​ | ​ | 1,297,233
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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
​
Schedule of revenue by geographical location | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended | ​
​ | ​ | March 31, | ​
(in thousands) |  | 2024 |  | 2023 | ​
United States revenues | ​ | $ | 367,938 | ​ | $ | 469,387 | ​
International revenues | ​ | ​ | 9,895 |  | ​ | 7,281 | ​
Total revenues | ​ | $ | 377,833 | ​ | $ | 476,668 | ​

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