XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Industry Segments and Geographic Information | 12 Months Ended
--- | ---
Dec. 31, 2017
Segment Reporting [Abstract] |
Industry Segments and Geographic Information | INDUSTRY SEGMENTS AND GEOGRAPHIC INFORMATION We manage our operations through five reporting segments organized into four divisions: Fluids, Production Testing, Compression, and Offshore. Our Fluids Division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion and workover operations in the United States and in certain countries in Latin America, Europe, Asia, the Middle East and Africa. The division also markets liquid and dry calcium chloride products manufactured at its production facilities or purchased from third-party suppliers to a variety of markets outside the energy industry. The Fluids Division also provides domestic onshore oil and gas operators with a wide variety of water management services. Our Production Testing Division provides frac flowback, production well testing, offshore rig cooling, and other associated services and early production facilities (EPFs) in many of the major oil and gas producing regions in the United States, Mexico, and Canada, as well as in oil and gas basins in certain regions in South America, Africa, Europe, the Middle East and Australia. Our Compression Division is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The Compression Division's equipment sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages and oilfield pump systems designed and fabricated at the division's facilities. The Compression Division's aftermarket business provides compressor package reconfiguration and maintenance services and compressor package parts and components manufactured by third-party suppliers. The Compression Division provides its services and equipment to a broad base of natural gas and oil exploration and production, midstream, transmission, and storage companies operating throughout many of the onshore producing regions of the United States, as well as in a number of foreign countries, including Mexico, Canada and Argentina. Our Offshore Division consists of two operating segments, both of which were disposed on March 1, 2018: Offshore Services and Maritech. The Offshore Services segment provided services primarily to the offshore oil and gas industry, consisting of: (1) downhole and subsea services, such as well plugging and abandonment and inspection, repair and maintenance services; (2) decommissioning and certain construction services utilizing heavy lift barges and various cutting technologies with regard to offshore oil and gas production platforms and pipelines; and (3) conventional and saturation diving services. The Maritech segment was a limited oil and gas production operation. During 2011 and the first quarter of 2012, Maritech sold substantially all of its oil- and gas-producing property interests. Maritech’s operations consisted primarily of the ongoing abandonment and decommissioning associated with its remaining offshore wells and production platforms. We generally evaluate the performance of and allocate resources to our segments based on profit or loss from their operations before income taxes and nonrecurring charges, return on investment, and other criteria. Transfers between segments and geographic areas are priced at the estimated fair value of the products or services as negotiated between the operating units. “Corporate overhead” includes corporate general and administrative expenses, corporate depreciation and amortization, interest income and expense, and other income and expense. Summarized financial information concerning the business segments is as follows:
|  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015
|  | (In Thousands)
Revenues from external customers |  |  |  |  |  |  |  |  |
Product sales |  |  |  |  |  |  |  |  |
Fluids Division |  | $ | 226,606 |  |  | $ | 176,882 |  |  | $ | 306,307 |
Production Testing Division |  | 12,108 |  |  | — |  |  | 6,944 |
Compression Division |  | 66,691 |  |  | 71,809 |  |  | 141,461 |
Offshore Division |  |  |  |  |  |  |  |  |
Offshore Services |  | 760 |  |  | 116 |  |  | 611 |
Maritech |  | 538 |  |  | 751 |  |  | 2,438 |
Total Offshore Division |  | 1,298 |  |  | 867 |  |  | 3,049 |
Consolidated |  | $ | 306,703 |  |  | $ | 249,558 |  |  | $ | 457,761 |
Services and rentals |  |  |  |  |  |  |  |  |
Fluids Division |  | $ | 108,694 |  |  | $ | 69,625 |  |  | $ | 117,459 |
Production Testing Division |  | 80,104 |  |  | 59,509 |  |  | 122,292 |
Compression Division |  | 228,896 |  |  | 239,566 |  |  | 316,178 |
Offshore Division |  |  |  |  |  |  |  |  |
Offshore Services |  | 95,981 |  |  | 76,506 |  |  | 116,455 |
Maritech |  | — |  |  | — |  |  | — |
Intersegment eliminations |  | — |  |  | — |  |  | — |
Total Offshore Division |  | 95,981 |  |  | 76,506 |  |  | 116,455 |
Corporate overhead |  | — |  |  | — |  |  | — |
Consolidated |  | $ | 513,675 |  |  | $ | 445,206 |  |  | $ | 672,384 |
Interdivision revenues |  |  |  |  |  |  |  |
Fluids Division |  | $ | 31 |  |  | $ | 87 |  |  | $ | 278 |
Production Testing Division |  | 1,930 |  |  | 4,109 |  |  | 4,668 |
Compression Division |  | — |  |  | — |  |  | — |
Offshore Division |  |  |  |  |  |  |  |  |
Offshore Services |  | — |  |  | 903 |  |  | 5,128 |
Maritech |  | — |  |  | — |  |  | — |
Intersegment eliminations |  | — |  |  | (903 | ) |  | (5,128 | )
Total Offshore Division |  | — |  |  | — |  |  | — |
Interdivision eliminations |  | (1,961 | ) |  | (4,196 | ) |  | (4,946 | )
Consolidated |  | $ | — |  |  | $ | — |  |  | $ | — |
Total revenues |  |  |  |  |  |  |  |  |
Fluids Division |  | $ | 335,331 |  |  | $ | 246,595 |  |  | $ | 424,044 |
Production Testing Division |  | 94,142 |  |  | 63,618 |  |  | 133,904 |
Compression Division |  | 295,587 |  |  | 311,374 |  |  | 457,639 |
Offshore Division |  |  |  |  |  |  |  |  |
Offshore Services |  | 96,741 |  |  | 77,525 |  |  | 122,194 |
Maritech |  | 538 |  |  | 751 |  |  | 2,438 |
Intersegment eliminations |  | — |  |  | (903 | ) |  | (5,128 | )
Total Offshore Division |  | 97,279 |  |  | 77,373 |  |  | 119,504 |
Corporate overhead |  | — |  |  | — |  |  | — |
Interdivision eliminations |  | (1,961 | ) |  | (4,196 | ) |  | (4,946 | )
Consolidated |  | $ | 820,378 |  |  | $ | 694,764 |  |  | $ | 1,130,145 |
|  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015
|  | (In Thousands)
Depreciation, amortization, and accretion |  |  |  |  |  |  |  |  |
Fluids Division |  | $ | 23,797 |  |  | $ | 28,338 |  |  | $ | 35,125 |
Production Testing Division |  | 10,593 |  |  | 16,221 |  |  | 24,080 |
Compression Division |  | 69,142 |  |  | 72,159 |  |  | 82,024 |
Offshore Division |  |  |  |  |  |
Offshore Services |  | 10,678 |  |  | 11,086 |  |  | 11,500 |
Maritech |  | 1,428 |  |  | 1,362 |  |  | 1,375 |
Intersegment eliminations |  | — |  |  | — |  |  | — |
Total Offshore Division |  | 12,106 |  |  | 12,448 |  |  | 12,875 |
Corporate overhead |  | 521 |  |  | 429 |  |  | 911 |
Consolidated |  | $ | 116,159 |  |  | $ | 129,595 |  |  | $ | 155,015 |
Interest expense |  |  |  |  |  |  |  |  |
Fluids Division |  | $ | 124 |  |  | $ | 32 |  |  | $ | 22 |
Production Testing Division |  | 6 |  |  | 42 |  |  | — |
Compression Division |  | 42,309 |  |  | 38,271 |  |  | 35,235 |
Offshore Division |  |  |  |  |  |  |  |  |
Offshore Services |  | — |  |  | — |  |  | — |
Maritech |  | — |  |  | 12 |  |  | 29 |
Intersegment eliminations |  | — |  |  | — |  |  | — |
Total Offshore Division |  | — |  |  | 12 |  |  | 29 |
Corporate overhead |  | 15,588 |  |  | 21,639 |  |  | 19,879 |
Consolidated |  | $ | 58,027 |  |  | $ | 59,996 |  |  | $ | 55,165 |
Income (loss) before taxes |  |  |  |  |  |  |  |  |
Fluids Division |  | $ | 68,540 |  |  | $ | 10,430 |  |  | $ | 80,789 |
Production Testing Division |  | (17,465 | ) |  | (35,471 | ) |  | (55,720 | )
Compression Division |  | (37,246 | ) |  | (136,327 | ) |  | (146,798 | )
Offshore Division |  |  |  |  |  |
Offshore Services |  | (14,767 | ) |  | (12,025 | ) |  | (195 | )
Maritech |  | (2,172 | ) |  | (1,841 | ) |  | (3,833 | )
Intersegment eliminations |  | — |  |  | — |  |  | — |
Total Offshore Division |  | (16,939 | ) |  | (13,866 | ) |  | (4,028 | )
Interdivision eliminations |  | (152 | ) |  | 8 |  |  | (1 | )
Corporate overhead(1) |  | (57,721 | ) |  | (61,864 | ) |  | (76,005 | )
Consolidated |  | $ | (60,983 | ) |  | $ | (237,090 | ) |  | $ | (201,763 | )
|  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015
|  | (In Thousands)
Total assets |  |  |  |  |  |  |  |  |
Fluids Division |  | $ | 346,974 |  |  | $ | 322,858 |  |  | $ | 370,892 |
Production Testing Division |  | 86,304 |  |  | 87,462 |  |  | 134,725 |
Compression Division |  | 784,745 |  |  | 816,148 |  |  | 1,004,760 |
Offshore Division |  |  |  |  |  |  |  |
Offshore Services |  | 119,547 |  |  | 102,715 |  |  | 131,916 |
Maritech |  | 1,587 |  |  | 3,660 |  |  | 18,453 |
Intersegment eliminations |  | — |  |  | — |  |  | — |
Total Offshore Division |  | 121,134 |  |  | 106,375 |  |  | 150,369 |
Corporate overhead and eliminations |  | (30,543 | ) |  | (17,303 | ) |  | (24,544 | )
Consolidated |  | $ | 1,308,614 |  |  | $ | 1,315,540 |  |  | $ | 1,636,202 |
Capital expenditures |  |  |  |  |  |  |  |  |
Fluids Division |  | $ | 20,475 |  |  | $ | 2,311 |  |  | $ | 11,104 |
Production Testing Division (2) |  | (1,190 | ) |  | 802 |  |  | 7,843 |
Compression Division (2) |  | 25,920 |  |  | 11,568 |  |  | 95,586 |
Offshore Division |  |  |  |  |  |  |  |
Offshore Services |  | 5,786 |  |  | 5,913 |  |  | 5,949 |
Maritech |  | — |  |  | — |  |  | 38 |
Intersegment eliminations |  | — |  |  | — |  |  | — |
Total Offshore Division |  | 5,786 |  |  | 5,913 |  |  | 5,987 |
Corporate overhead |  | 932 |  |  | 472 |  |  | 77 |
Consolidated |  | $ | 51,923 |  |  | $ | 21,066 |  |  | $ | 120,597 |
(1) | Amounts reflected include the following general corporate expenses:
|  | 2017 |  | 2016 |  | 2015
|  | (In Thousands)
General and administrative expense |  | $ | 46,156 |  |  | $ | 34,767 |  |  | $ | 52,189 |
Depreciation and amortization |  | 84 |  |  | 430 |  |  | 913 |
Interest expense, net |  | 15,513 |  |  | 21,157 |  |  | 18,654 |
Other general corporate (income) expense, net |  | (4,032 | ) |  | 5,510 |  |  | 4,249 |
Total |  | $ | 57,721 |  |  | $ | 61,864 |  |  | $ | 76,005 |
(2) | Amounts presented net of cost of equipment sold during 2017, including $4.2 million for our Production Testing Division and $8.5 million for our Compression Division.
Summarized financial information concerning the geographic areas of our customers and in which we operate at December 31, 2017, 2016, and 2015, is presented below:
|  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015
|  | (In Thousands)
Revenues from external customers: |  |  |  |  |  |  |  |  |
U.S. |  | $ | 643,216 |  |  | $ | 535,613 |  |  | $ | 896,131 |
Canada and Mexico |  | 35,975 |  |  | 34,560 |  |  | 44,542 |
South America |  | 28,167 |  |  | 20,480 |  |  | 26,554 |
Europe |  | 80,721 |  |  | 71,882 |  |  | 80,432 |
Africa |  | 700 |  |  | 10,345 |  |  | 20,761 |
Asia and other |  | 31,599 |  |  | 21,884 |  |  | 61,725 |
Total |  | $ | 820,378 |  |  | $ | 694,764 |  |  | $ | 1,130,145 |
Transfers between geographic areas: |  |  |  |  |  |  |  |  |
U.S. |  | $ | — |  |  | $ | — |  |  | $ | — |
Canada and Mexico |  | — |  |  | — |  |  | — |
South America |  | — |  |  | — |  |  | — |
Europe |  | 2,025 |  |  | 93 |  |  | 1,252 |
Africa |  | — |  |  | — |  |  | — |
Asia and other |  | — |  |  | — |  |  | — |
Eliminations |  | (2,025 | ) |  | (93 | ) |  | (1,252 | )
Total revenues |  | $ | 820,378 |  |  | $ | 694,764 |  |  | $ | 1,130,145 |
Identifiable assets: |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,131,650 |  |  | $ | 1,132,986 |  |  | $ | 1,403,916 |
Canada and Mexico |  | 62,537 |  |  | 64,163 |  |  | 74,260 |
South America |  | 23,352 |  |  | 21,354 |  |  | 25,603 |
Europe |  | 61,000 |  |  | 53,713 |  |  | 64,695 |
Africa |  | 3,696 |  |  | 5,711 |  |  | 7,542 |
Asia and other |  | 26,379 |  |  | 37,613 |  |  | 60,186 |
Eliminations |  | — |  |  | — |  |  | — |
Total identifiable assets |  | $ | 1,308,614 |  |  | $ | 1,315,540 |  |  | $ | 1,636,202 |
During each of the three years ended December 31, 2017, 2016, and 2015, no single customer accounted for more than 10% of our consolidated revenues.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration