XML 56 R39.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Segment and Related Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Summarized financial information concerning our reportable segments is shown in the following tables:
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Revenues |  |  |  |  |
Fluids Systems | $ | 420,789 |  |  | $ | 354,608 |  |  | $ | 620,317 |
Industrial Solutions | 193,992 |  |  | 138,017 |  |  | 199,802 |
Total revenues | $ | 614,781 |  |  | $ | 492,625 |  |  | $ | 820,119 |
Depreciation and amortization |  |  |  |  |
Fluids Systems | $ | 17,877 |  |  | $ | 20,555 |  |  | $ | 21,202 |
Industrial Solutions | 20,399 |  |  | 20,427 |  |  | 21,763 |
Corporate office | 3,949 |  |  | 4,332 |  |  | 4,179 |
Total depreciation and amortization | $ | 42,225 |  |  | $ | 45,314 |  |  | $ | 47,144 |
Operating income (loss) |  |  |  |  |
Fluids Systems | $ | (19,012) |  |  | $ | (66,403) |  |  | $ | 3,814 |
Industrial Solutions | 39,733 |  |  | 13,459 |  |  | 47,466 |
Corporate office | (29,546) |  |  | (25,690) |  |  | (40,885) |
Total operating income (loss) | $ | (8,825) |  |  | $ | (78,634) |  |  | $ | 10,395 |
Segment assets |  |  |  |  |
Fluids Systems | $ | 458,179 |  |  | $ | 419,381 |  |  | $ | 593,758 |
Industrial Solutions | 267,670 |  |  | 259,918 |  |  | 265,786 |
Corporate office | 27,037 |  |  | 29,893 |  |  | 40,535 |
Total segment assets | $ | 752,886 |  |  | $ | 709,192 |  |  | $ | 900,079 |
Capital expenditures |  |  |  |  |
Fluids Systems | $ | 3,644 |  |  | $ | 6,237 |  |  | $ | 18,416 |
Industrial Solutions | 17,402 |  |  | 7,831 |  |  | 23,535 |
Corporate office | 747 |  |  | 1,726 |  |  | 2,855 |
Total capital expenditures | $ | 21,793 |  |  | $ | 15,794 |  |  | $ | 44,806 |
Schedule of Fluids Systems Impairments and Other Charges | See below for details of charges in the Fluids Systems segment.
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Fourchon, Louisiana hurricane-related costs | $ | 2,596 |  |  | $ | — |  |  | $ | — |
Facility exit costs and other | 2,399 |  |  | (201) |  |  | 2,631 |
Severance costs | 1,329 |  |  | 3,729 |  |  | 2,264 |
Kenedy, Texas facility fire (insurance recovery) | (849) |  |  | — |  |  | — |
Brazil exit - Recognition of cumulative foreign currency translation losses | — |  |  | 11,689 |  |  | — |
Inventory write-downs | — |  |  | 10,345 |  |  | 1,881 |
Property, plant and equipment impairment | — |  |  | 3,038 |  |  | — |
Goodwill impairment | — |  |  | — |  |  | 11,422 |
Modification of retirement policy | — |  |  | — |  |  | 605 |
Total Fluids Systems impairments and other charges | $ | 5,475 |  |  | $ | 28,600 |  |  | $ | 18,803 |
Schedule of Disaggregated Revenues for Fluid Systems Segment | The following table presents further disaggregated revenues for the Fluids Systems segment:
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
United States | $ | 227,261 |  |  | $ | 202,052 |  |  | $ | 395,618 |
Canada | 48,007 |  |  | 24,762 |  |  | 31,635 |
Total North America | 275,268 |  |  | 226,814 |  |  | 427,253 |
EMEA | 132,221 |  |  | 115,891 |  |  | 172,263 |
Other | 13,300 |  |  | 11,903 |  |  | 20,801 |
Total International | 145,521 |  |  | 127,794 |  |  | 193,064 |
Total Fluids Systems revenues | $ | 420,789 |  |  | $ | 354,608 |  |  | $ | 620,317 |
Schedule of Disaggregation Revenues for Industrial Solutions Segments | The following table presents further disaggregated revenues for the Industrial Solutions segment:
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Product sales revenues | $ | 66,796 |  |  | $ | 29,170 |  |  | $ | 56,465 |
Rental revenues | 68,455 |  |  | 47,341 |  |  | 70,207 |
Service revenues | 49,920 |  |  | 53,958 |  |  | 73,130 |
Industrial blending revenues (1) | 8,821 |  |  | 7,548 |  |  | — |
Total Industrial Solutions revenues | $ | 193,992 |  |  | $ | 138,017 |  |  | $ | 199,802 |
(1) Industrial blending operations began in the second quarter of 2020 and ramped up in the third quarter of 2020. Results for the industrial blending component are presented in Industrial Solutions beginning October 2020. Results for the second quarter and third quarter of 2020 were reported in Fluids Systems and not adjusted as they were not material.
Schedule of Revenue and Long-Lived Assets | The following table sets forth geographic information for all of our operations. Revenues by geographic location are determined based on the operating location from which services are rendered or products are sold. Long-lived assets include property, plant and equipment and other long-term assets based on the country in which the assets are located.
| Year Ended December 31,
(In thousands) | 2021 |  | 2020 |  | 2019
Revenues |  |  |  |  |
United States | $ | 402,246 |  |  | $ | 327,598 |  |  | $ | 578,698 |
Canada | 48,007 |  |  | 24,762 |  |  | 37,496 |
EMEA | 151,228 |  |  | 128,362 |  |  | 183,124 |
Asia Pacific | 7,629 |  |  | 6,561 |  |  | 15,273 |
Latin America | 5,671 |  |  | 5,342 |  |  | 5,528 |
Total revenues | $ | 614,781 |  |  | $ | 492,625 |  |  | $ | 820,119 |
Long-lived assets |  |  |  |  |
United States | $ | 318,839 |  |  | $ | 329,719 |  |  | $ | 365,185 |
Canada | 1,209 |  |  | 1,503 |  |  | 2,129 |
EMEA | 38,923 |  |  | 44,577 |  |  | 46,447 |
Asia Pacific | 2,712 |  |  | 3,007 |  |  | 2,862 |
Latin America | 375 |  |  | 500 |  |  | 1,047 |
Total long-lived assets | $ | 362,058 |  |  | $ | 379,306 |  |  | $ | 417,670 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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=123359005&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + 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 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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=123359005&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=123359005&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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