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Industry Segments and Geographic Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Industry Segments and Geographic Information | INDUSTRY SEGMENTS AND GEOGRAPHIC INFORMATION We manage our operations through two divisions: Completion Fluids & Products Division and Water & Flowback Services Division. 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,
|  | 2021 |  | 2020 |  | 2019
|  | (In Thousands)
Revenues from external customers |  |  |  |  |  |
Product sales |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | 211,201 |  |  | $ | 229,809 |  |  | $ | 258,632 |
Water & Flowback Services Division |  | 4,028 |  |  | 2,912 |  |  | 921 |
Consolidated |  | $ | 215,229 |  |  | $ | 232,721 |  |  | $ | 259,553 |
Services |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | 8,447 |  |  | $ | 12,852 |  |  | $ | 20,623 |
Water & Flowback Services Division |  | 164,596 |  |  | 132,142 |  |  | 281,065 |
Consolidated |  | $ | 173,043 |  |  | $ | 144,994 |  |  | $ | 301,688 |
Total revenues |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | 219,648 |  |  | $ | 242,661 |  |  | $ | 279,255 |
Water & Flowback Services Division |  | 168,624 |  |  | 135,054 |  |  | 281,986 |
Consolidated |  | $ | 388,272 |  |  | $ | 377,715 |  |  | $ | 561,241 |
Depreciation, amortization, and accretion |  |  |  |  |  |
Completion Fluids & Products |  | $ | 7,542 |  |  | $ | 7,581 |  |  | $ | 13,518 |
Water & Flowback Services |  | 25,060 |  |  | 29,913 |  |  | 33,410 |
Corporate |  | 900 |  |  | 720 |  |  | 635 |
Consolidated |  | $ | 33,502 |  |  | $ | 38,214 |  |  | $ | 47,563 |
Interest expense |  |  |  |  |  |
Completion Fluids & Products |  | $ | 44 |  |  | $ | 73 |  |  | $ | 68 |
Water & Flowback Services |  | 7 |  |  | 4 |  |  | 7 |
Corporate |  | 16,506 |  |  | 19,249 |  |  | 21,733 |
Consolidated interest expense |  | 16,557 |  |  | $ | 19,326 |  |  | $ | 21,808 |
Consolidated interest income |  | (180) |  |  | (400) |  |  | (552) |
Consolidated interest expense, net |  | $ | 16,377 |  |  | $ | 18,926 |  |  | $ | 21,256 |
Income (loss) before taxes and discontinued operations |  |  |  |  |  |
Completion Fluids & Products |  | $ | 54,981 |  |  | $ | 55,334 |  |  | $ | (33,969) |
Water & Flowback Services |  | (11,116) |  |  | (21,850) |  |  | (21,173) |
Interdivision eliminations |  | 12 |  |  | 12 |  |  | 14 |
Corporate(1) |  | (58,598) |  |  | (58,582) |  |  | (72,981) |
Consolidated |  | $ | (14,721) |  |  | $ | (25,086) |  |  | $ | (128,109) |
(1) Amounts reflected include the following general corporate expenses:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
|  | (In Thousands)
General and administrative expense |  | $ | 39,990 |  |  | $ | 36,201 |  |  | $ | 51,466 |
Depreciation, amortization and impairment |  | 1,032 |  |  | 818 |  |  | 631 |
Interest expense, net |  | 17,483 |  |  | 20,727 |  |  | 21,977 |
Other general corporate (income) expense, net |  | 93 |  |  | 836 |  |  | (1,093) |
Total |  | $ | 58,598 |  |  | $ | 58,582 |  |  | $ | 72,981 |
|  | December 31,
|  | 2021 |  | 2020
|  | (In Thousands)
Total assets |  |  |  |
Completion Fluids & Products |  | $ | 200,869 |  |  | $ | 218,952 |
Water & Flowback Services |  | 146,110 |  |  | 136,511 |
Corporate, other and eliminations |  | 51,287 |  |  | 67,370 |
Assets of discontinued operations |  | — |  |  | 710,006 |
Consolidated |  | $ | 398,266 |  |  | $ | 1,132,839 |
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
|  | (In Thousands)
Capital expenditures |  |  |  |  |  |
Completion Fluids & Products |  | $ | 3,828 |  |  | $ | 4,016 |  |  | $ | 7,140 |
Water & Flowback Services |  | 13,620 |  |  | 9,651 |  |  | 24,340 |
Corporate |  | 105 |  |  | 1,023 |  |  | 1,033 |
Discontinued operations (1) |  | 2,980 |  |  | 14,696 |  |  | 75,760 |
Consolidated |  | $ | 20,533 |  |  | $ | 29,386 |  |  | $ | 108,273 |
(1) Amounts presented are net of cost of equipment sold, including zero during 2021, $12.7 million during 2020 and $6.5 million during 2019 for our former Compression Division. Summarized financial information concerning the geographic areas of our customers and in which we operate at December 31, 2021, 2020, and 2019, is presented below:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
|  | (In Thousands)
Revenues from external customers |  |  |  |  |  |
United States |  | $ | 251,786 |  |  | $ | 225,835 |  |  | $ | 411,284 |
Canada and Mexico |  | 5,363 |  |  | 1,347 |  |  | 6,616 |
South America |  | 10,473 |  |  | 11,583 |  |  | 13,188 |
Europe |  | 88,136 |  |  | 90,303 |  |  | 93,327 |
Africa |  | 2,262 |  |  | 8,128 |  |  | 16,874 |
Middle East, Asia and other |  | 30,252 |  |  | 40,519 |  |  | 19,952 |
Total |  | $ | 388,272 |  |  | $ | 377,715 |  |  | $ | 561,241 |
Transfers between geographic areas: |  |  |  |  |  |
Europe |  | 195 |  |  | 848 |  |  | 1,802 |
Eliminations |  | (195) |  |  | (848) |  |  | (1,802) |
Total revenues |  | $ | 388,272 |  |  | $ | 377,715 |  |  | $ | 561,241 |
During each of the two years ended December 31, 2021 and 2020, no single customer accounted for more than 10% of our consolidated revenues. One customer provided more than 10% of our consolidated revenues during the year ended December 31, 2019. As of December 31, 2021 and 2020, no receivables from individual customers represented 10% or more of our consolidated trade accounts receivables net of allowance for doubtful accounts.
|  | December 31,
|  | 2021 |  | 2020 |
|  | (In Thousands)
Identifiable assets |  |  |  |  |
United States |  | $ | 291,986 |  |  | $ | 285,765 |  |
Canada and Mexico |  | 5,891 |  |  | 6,452 |  |
South America |  | 21,837 |  |  | 10,388 |  |
Europe |  | 72,685 |  |  | 85,733 |  |
Africa |  | 199 |  |  | 9,195 |  |
Middle East, Asia and other |  | 5,668 |  |  | 25,300 |  |
Assets of discontinued operations |  | — |  |  | 710,006 |  |
Total identifiable assets |  | $ | 398,266 |  |  | $ | 1,132,839 |  |

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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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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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