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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2020
SEGMENT INFORMATION |
SEGMENT INFORMATION | NOTE 18—SEGMENT INFORMATION Select Inc. is a leading provider of comprehensive water-management and chemical solutions to the oil and gas industry in the U.S. The Company’s services are offered through three reportable segments. Reportable segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the CODM in deciding how to allocate resources and assess performance. The Company’s CODM assesses performance and allocates resources on the basis of the three reportable segments. Corporate and other expenses that do not individually meet the criteria for segment reporting are reported separately as Corporate or Other. The Company’s CODM assesses performance and allocates resources on the basis of the following three reportable segments: Water Services — The Water Services segment consists of the Company’s services businesses, including water transfer, flowback and well testing, fluids hauling, water containment and water network automation, primarily serving E&P companies. Additionally, this segment includes the operations of our accommodations and rentals business. Water Infrastructure — The Water Infrastructure segment consists of the Company’s infrastructure assets, including operations associated with our water sourcing and pipeline infrastructure, our water recycling solutions and infrastructure, and our produced water gathering systems and saltwater disposal wells, primarily serving E&P companies. ​ Oilfield Chemicals — The Oilfield Chemicals segment provides technical solutions and expertise related to chemical applications in the oil and gas industry. We also have significant capabilities in supplying logistics for chemical applications. We develop, manufacture and provide a full suite of chemicals used in hydraulic fracturing, stimulation, cementing, production, pipelines and well completions. Given the breadth of chemicals and application expertise we provide, our customers range from pressure pumpers to major integrated and independent U.S. and international oil and gas producers. This segment also utilizes its chemical experience and lab testing capabilities to customize tailored water treatment solutions designed to maximize the effectiveness of and optimize the efficiencies of the fracturing fluid system in conjunction with the quality of water used in well completions. ​ ​ The results of our service lines divested during 2019, including the operations of our Affirm subsidiary, our and hauling operations and our Canadian operations, are combined in the “Other” category. Financial information by segment for the years ended December 31, 2020, 2019 and 2018 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31, 2020
​ |  | ​ | ​ |  | Loss |  | Depreciation and |  | Capital
​ | ​ | Revenue | ​ | before taxes | ​ | Amortization | ​ | Expenditures
​ | ​ | (in thousands)
Water Services | ​ | $ | 322,461 | ​ | $ | (250,779) | ​ | $ | 61,758 | ​ | $ | 2,161
Water Infrastructure | ​ | ​ | 125,710 | ​ | ​ | (96,290) | ​ | ​ | 27,599 | ​ | ​ | 6,852
Oilfield Chemicals | ​ | ​ | 160,825 | ​ | ​ | (13,365) | ​ | ​ | 9,443 | ​ | ​ | 7,157
Other | ​ | ​ | — | ​ | ​ | (733) | ​ | ​ | — | ​ | ​ | 330
Eliminations | ​ |  | (3,891) | ​ |  | — | ​ |  | — | ​ |  | —
Loss from operations | ​ |  | ​ | ​ |  | (361,167) | ​ |  | ​ | ​ |  | ​
Corporate | ​ |  | — | ​ |  | (33,610) | ​ |  | 2,872 | ​ |  | —
Interest expense, net | ​ |  | — | ​ |  | (2,136) | ​ |  | — | ​ |  | —
Other expense, net | ​ |  | — | ​ |  | (6,295) | ​ |  | — | ​ |  | —
​ | ​ | $ | 605,105 | ​ | $ | (403,208) | ​ | $ | 101,672 | ​ | $ | 16,500
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31, 2019
​ |  | ​ | ​ |  | Income (loss) |  | Depreciation and |  | Capital
​ | ​ | Revenue | ​ | before taxes | ​ | Amortization | ​ | Expenditures
​ | ​ | (in thousands)
Water Services | ​ | $ | 773,946 | ​ | $ | 51,185 | ​ | $ | 80,664 | ​ | $ | 37,692
Water Infrastructure | ​ | ​ | 221,661 | ​ | ​ | 15,103 | ​ | ​ | 25,665 | ​ | ​ | 53,839
Oilfield Chemicals | ​ | ​ | 268,963 | ​ | ​ | 17,942 | ​ | ​ | 8,766 | ​ | ​ | 11,110
Other | ​ | ​ | 33,365 | ​ | ​ | (8,066) | ​ | ​ | 1,714 | ​ | ​ | 64
Eliminations | ​ |  | (6,346) | ​ |  | — | ​ |  | — | ​ |  | —
Income from operations | ​ |  | ​ | ​ |  | 76,164 | ​ |  | ​ | ​ |  | ​
Corporate | ​ |  | — | ​ |  | (53,090) | ​ |  | 3,860 | ​ |  | —
Interest expense, net | ​ |  | — | ​ |  | (2,688) | ​ |  | — | ​ |  | —
Other expense, net | ​ |  | — | ​ |  | (14,301) | ​ |  | — | ​ |  | —
​ | ​ | $ | 1,291,589 | ​ | $ | 6,085 | ​ | $ | 120,669 | ​ | $ | 102,705
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31, 2018
​ |  | ​ | ​ |  | Income (loss) |  | Depreciation and |  | Capital
​ | ​ | Revenue | ​ | before taxes | ​ | Amortization | ​ | Expenditures
​ | ​ | (in thousands)
Water Services | ​ | $ | 897,160 | ​ | $ | 89,826 | ​ | $ | 82,875 | ​ | $ | 120,883
Water Infrastructure | ​ | ​ | 230,130 | ​ | ​ | 31,579 | ​ | ​ | 23,042 | ​ | ​ | 33,372
Oilfield Chemicals | ​ | ​ | 260,281 | ​ | ​ | (7,107) | ​ | ​ | 10,496 | ​ | ​ | 10,832
Other | ​ | ​ | 144,499 | ​ | ​ | (14,021) | ​ | ​ | 14,124 | ​ | ​ | 7,045
Eliminations | ​ |  | (3,140) | ​ |  | — | ​ |  | — | ​ |  | —
Income from operations | ​ |  | ​ | ​ |  | 100,277 | ​ |  | ​ | ​ |  | ​
Corporate | ​ |  | — | ​ |  | (38,603) | ​ |  | 3,176 | ​ |  | —
Interest expense, net | ​ |  | — | ​ |  | (5,311) | ​ |  | — | ​ |  | —
Other expense, net | ​ |  | — | ​ |  | (360) | ​ |  | — | ​ |  | —
​ | ​ | $ | 1,528,930 | ​ | $ | 56,003 | ​ | $ | 133,713 | ​ | $ | 172,132
​ Total assets by segment as of December 31, 2020 and 2019 is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | As of December 31,
​ |  | ​ | 2020 | ​ | 2019
​ | ​ | ​ | (in thousands)
Water Services | ​ | ​ | $ | 515,856 | ​ | $ | 831,123
Water Infrastructure |  | ​ | ​ | 204,995 |  | ​ | 314,026
Oilfield Chemicals |  | ​ | ​ | 147,612 |  | ​ | 192,224
Other | ​ | ​ | ​ | 6,896 | ​ | ​ | 10,247
​ | ​ | ​ | $ | 875,359 | ​ | $ | 1,347,620
​ Revenue by groups of similar products and services are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ |  | 2020 |  | 2019 | ​ | 2018
​ | ​ | (in thousands)
Oilfield chemicals | ​ | $ | 160,825 | ​ | $ | 268,963 | ​ | $ | 260,281
Water transfer | ​ | ​ | 146,728 | ​ | ​ | 355,535 | ​ | ​ | 443,650
Pipeline logistics and disposal | ​ | ​ | 91,971 | ​ | ​ | 101,145 | ​ | ​ | 100,172
Accommodations and rentals(1) | ​ |  | 62,593 | ​ | ​ | 150,793 | ​ | ​ | 153,013
Flowback and well testing | ​ | ​ | 61,839 | ​ | ​ | 208,572 | ​ | ​ | 223,828
Fluid hauling | ​ | ​ | 52,748 | ​ | ​ | 63,156 | ​ | ​ | 79,568
Water sourcing | ​ |  | 33,739 | ​ |  | 120,517 | ​ | ​ | 129,958
Eliminations and other service lines | ​ |  | (5,338) | ​ |  | 22,908 | ​ | ​ | 138,460
​ | ​ | $ | 605,105 | ​ | $ | 1,291,589 | ​ | $ | 1,528,930
​
| (1) | During 2020, 2019 and 2018, approximately $28.4 million, $69.0 million and $67.2 million of accommodations and rentals revenue was accounted for under ASC 842 lease guidance, with the remainder accounted for under ASC 606 revenue guidance.
In connection with the Rockwater Merger in November 2017, the Company expanded into Canada and during 2019, the Company divested and wound down Canadian operations. The Company attributed revenue to the U.S. and Canada based on the location where services were performed or the destination of the products or equipment sold or rented. Long-lived assets consisted of property and equipment and are attributed to the U.S. and Canada based on the physical location of the asset at the end of the period. The Company’s revenue attributed to the U.S. was $605.1 million or 100.0%, $1,283.4 million or 99.4% and $1,480.4 million or 96.8% of total revenue during the years ended December 31, 2020, 2019 and 2018, respectively. The Company’s revenue attributed to Canada was zero, $8.2 million or 0.6% and $48.6 million or 3.2% of total revenue during the years ended December 31, 2020, 2019 and 2018, respectively. The Company’s net long-lived assets attributed to the U.S. was $350.4 million or 100.0%, $452.4 million or 99.8% and $492.4 million or 97.9% of total net long-lived assets as of December 31, 2020, December 31, 2019 and December 31, 2018, respectively. The Company’s net long-lived assets attributed to Canada was zero, $0.9 million or 0.2% and $10.5 million or 2.1% of total net long-lived assets as of December 31, 2020, December 31, 2019 and December 31, 2018, respectively.

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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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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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