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Industry Segments and Geographic Information | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Industry Segments and Geographic Information | INDUSTRY SEGMENTS AND GEOGRAPHIC INFORMATION We manage our operations through three divisions: Completion Fluids & Products, Water & Flowback Services, and Compression. Our Completion Fluids & Products 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. Our Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services. The Division also provides frac flowback, production well testing, offshore rig cooling, and other associated services in many of the major oil and gas producing regions in the United States and Mexico, as well as in oil and gas basins in certain countries in Latin 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, artificial lift, transmission, processing, and storage. The Compression Division's equipment sales business includes the fabrication and sale of standard and custom-designed, engineered compressor packages fabricated primarily at our facility in Midland, Texas. The Compression Division's aftermarket business provides a wide range of services to support the needs of customers who own compression equipment as well as the sale of 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 other countries, including Mexico, Canada, and Argentina. 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,
|  | 2019 |  | 2018 |  | 2017
|  | (In Thousands)
Revenues from external customers |  |  |  |  |  |  |  |  |
Product sales |  |  |  |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | 258,632 |  |  | $ | 242,412 |  |  | $ | 226,132 |
Water & Flowback Services Division |  | 921 |  |  | 1,961 |  |  | 12,581 |
Compression Division |  | 176,215 |  |  | 164,854 |  |  | 66,691 |
Consolidated |  | $ | 435,768 |  |  | $ | 409,227 |  |  | $ | 305,404 |
Services |  |  |  |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | 20,623 |  |  | $ | 15,002 |  |  | $ | 31,688 |
Water & Flowback Services Division |  | 281,065 |  |  | 300,727 |  |  | 157,110 |
Compression Division |  | 300,477 |  |  | 273,819 |  |  | 228,896 |
Consolidated |  | $ | 602,165 |  |  | $ | 589,548 |  |  | $ | 417,694 |
Interdivision revenues |  |  |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | — |  |  | $ | (6 | ) |  | $ | 31 |
Water & Flowback Services Division |  | — |  |  | 384 |  |  | 1,930 |
Compression Division |  | — |  |  | — |  |  | — |
Interdivision eliminations |  | — |  |  | (378 | ) |  | (1,961 | )
Consolidated |  | $ | — |  |  | $ | — |  |  | $ | — |
Total revenues |  |  |  |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | 279,255 |  |  | $ | 257,408 |  |  | $ | 257,851 |
Water & Flowback Services Division |  | 281,986 |  |  | 303,072 |  |  | 171,621 |
Compression Division |  | 476,692 |  |  | 438,673 |  |  | 295,587 |
Interdivision eliminations |  | — |  |  | (378 | ) |  | (1,961 | )
Consolidated |  | $ | 1,037,933 |  |  | $ | 998,775 |  |  | $ | 723,098 |
Depreciation, amortization, and accretion |  |  |  |  |  |  |  |  |
Completion Fluids & Products |  | $ | 13,518 |  |  | $ | 15,345 |  |  | $ | 16,298 |
Water & Flowback Services |  | 33,410 |  |  | 28,422 |  |  | 18,092 |
Compression |  | 76,663 |  |  | 70,500 |  |  | 69,142 |
Corporate overhead |  | 635 |  |  | 658 |  |  | 521 |
Consolidated |  | $ | 124,226 |  |  | $ | 114,925 |  |  | $ | 104,053 |
Interest expense |  |  |  |  |  |  |  |  |
Completion Fluids & Products |  | $ | 68 |  |  | $ | 179 |  |  | $ | 124 |
Water & Flowback Services |  | 7 |  |  | 5 |  |  | 6 |
Compression |  | 52,078 |  |  | 52,317 |  |  | 42,309 |
Corporate overhead |  | 21,733 |  |  | 19,565 |  |  | 15,588 |
Consolidated |  | $ | 73,886 |  |  | $ | 72,066 |  |  | $ | 58,027 |
Income (loss) before taxes |  |  |  |  |  |  |  |  |
Completion Fluids & Products |  | $ | (33,969 | ) |  | $ | 30,623 |  |  | $ | 63,891 |
Water & Flowback Services |  | (21,173 | ) |  | 28,712 |  |  | (12,816 | )
Compression |  | (16,014 | ) |  | (33,797 | ) |  | (37,246 | )
Interdivision eliminations |  | 14 |  |  | 11 |  |  | (151 | )
Corporate overhead(1) |  | (72,981 | ) |  | (61,975 | ) |  | (57,721 | )
Consolidated |  | $ | (144,123 | ) |  | $ | (36,426 | ) |  | $ | (44,043 | )
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
|  | (In Thousands)
Total assets |  |  |  |  |  |  |  |  |
Completion Fluids & Products |  | $ | 236,420 |  |  | $ | 296,129 |  |  | $ | 293,507 |
Water & Flowback Services |  | 172,672 |  |  | 230,442 |  |  | 139,771 |
Compression |  | 865,173 |  |  | 869,474 |  |  | 784,745 |
Corporate overhead and eliminations |  | (2,343 | ) |  | (11,872 | ) |  | (30,543 | )
Assets of discontinued operations |  | — |  |  | 1,354 |  |  | 121,134 |
Consolidated |  | $ | 1,271,922 |  |  | $ | 1,385,527 |  |  | $ | 1,308,614 |
Capital expenditures |  |  |  |  |  |  |  |  |
Completion Fluids & Products |  | $ | 7,140 |  |  | $ | 5,259 |  |  | $ | 3,091 |
Water & Flowback Services(2) |  | 24,340 |  |  | 30,175 |  |  | 16,194 |
Compression Division (3) |  | 75,760 |  |  | 104,002 |  |  | 25,920 |
Corporate overhead |  | 1,033 |  |  | 809 |  |  | 932 |
Discontinued operations |  | — |  |  | 1,686 |  |  | 5,786 |
Consolidated |  | $ | 108,273 |  |  | $ | 141,931 |  |  | $ | 51,923 |
(1) | Amounts reflected include the following general corporate expenses:
|  | 2019 |  | 2018 |  | 2017
|  | (In Thousands)
General and administrative expense |  | $ | 51,466 |  |  | $ | 50,431 |  |  | $ | 46,156 |
Depreciation and amortization |  | 631 |  |  | 658 |  |  | 84 |
Interest expense, net |  | 21,977 |  |  | 19,640 |  |  | 15,513 |
Warrants fair value adjustment (income) expense |  | (1,624 | ) |  | (11,128 | ) |  | (5,301 | )
Other general corporate (income) expense, net |  | 531 |  |  | 2,374 |  |  | 1,269 |
Total |  | $ | 72,981 |  |  | $ | 61,975 |  |  | $ | 57,721 |
(2) | Amounts presented net of cost of equipment sold, including $0.0 million during 2019, $0.1 million during 2018 and $4.2 million during 2017 for our Water & Flowback Services Division.
(3) | Amounts presented net of cost of equipment sold, including $6.5 million during 2019, $10.0 million during 2018, and $8.5 million during 2017 for our Compression Division.
Summarized financial information concerning the geographic areas of our customers and in which we operate at December 31, 2019, 2018, and 2017, is presented below:
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
|  | (In Thousands)
Revenues from external customers: |  |  |  |  |  |  |  |  |
U.S. |  | $ | 848,681 |  |  | $ | 791,389 |  |  | $ | 545,964 |
Canada and Mexico |  | 31,561 |  |  | 41,524 |  |  | 36,074 |
South America |  | 24,371 |  |  | 25,781 |  |  | 28,040 |
Europe |  | 94,533 |  |  | 93,262 |  |  | 80,721 |
Africa |  | 17,415 |  |  | 12,367 |  |  | 700 |
Asia and other |  | 21,372 |  |  | 34,452 |  |  | 31,599 |
Total |  | $ | 1,037,933 |  |  | $ | 998,775 |  |  | $ | 723,098 |
Transfers between geographic areas: |  |  |  |  |  |  |  |  |
U.S. |  | $ | — |  |  | $ | — |  |  | $ | — |
Canada and Mexico |  | — |  |  | — |  |  | — |
South America |  | — |  |  | — |  |  | — |
Europe |  | 1,802 |  |  | 3,157 |  |  | 2,025 |
Africa |  | — |  |  | — |  |  | — |
Asia and other |  | — |  |  | — |  |  | — |
Eliminations |  | (1,802 | ) |  | (3,157 | ) |  | (2,025 | )
Total revenues |  | $ | 1,037,933 |  |  | $ | 998,775 |  |  | $ | 723,098 |
Identifiable assets: |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,099,048 |  |  | $ | 1,211,759 |  |  | $ | 1,131,650 |
Canada and Mexico |  | 53,015 |  |  | 59,355 |  |  | 62,537 |
South America |  | 30,111 |  |  | 25,122 |  |  | 23,352 |
Europe |  | 62,684 |  |  | 57,807 |  |  | 61,000 |
Africa |  | 10,812 |  |  | 14,772 |  |  | 3,696 |
Asia and other |  | 16,252 |  |  | 16,712 |  |  | 26,379 |
Total identifiable assets |  | $ | 1,271,922 |  |  | $ | 1,385,527 |  |  | $ | 1,308,614 |
During each of the three years ended December 31, 2019, 2018, and 2017, no single customer accounted for more than 10% of our consolidated revenues.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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