XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.22.2

Industry Segments | 6 Months Ended
--- | ---
Jun. 30, 2022
Segment Reporting [Abstract] |
Industry Segments | INDUSTRY SEGMENTS We manage our operations through two segments: Completion Fluids & Products Division and Water & Flowback Services Division. Summarized financial information concerning the business segments is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in thousands)
Revenues from external customers |  |  |  |  |  |  |
Product sales |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 70,227 |  |  | $ | 62,565 |  |  | $ | 140,115 |  |  | $ | 107,583 |
Water & Flowback Services Division | 74 |  |  | 18 |  |  | 241 |  |  | 32 |
Consolidated | $ | 70,301 |  |  | $ | 62,583 |  |  | $ | 140,356 |  |  | $ | 107,615 |
Services |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 4,571 |  |  | $ | 2,042 |  |  | $ | 7,877 |  |  | $ | 3,545 |
Water & Flowback Services Division | 65,844 |  |  | 37,701 |  |  | 122,520 |  |  | 68,490 |
Consolidated | $ | 70,415 |  |  | $ | 39,743 |  |  | $ | 130,397 |  |  | $ | 72,035 |
Total revenues |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 74,798 |  |  | $ | 64,607 |  |  | $ | 147,992 |  |  | $ | 111,128 |
Water & Flowback Services Division | 65,918 |  |  | 37,719 |  |  | 122,761 |  |  | 68,522 |
Consolidated | $ | 140,716 |  |  | $ | 102,326 |  |  | $ | 270,753 |  |  | $ | 179,650 |
Income (loss) before taxes |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 15,261 |  |  | $ | 16,427 |  |  | $ | 34,553 |  |  | $ | 25,438 |
Water & Flowback Services Division | 1,644 |  |  | (4,978) |  |  | 4,326 |  |  | (10,458) |
Interdivision eliminations | 3 |  |  | 3 |  |  | 6 |  |  | 6 |
Corporate Overhead(1) | (15,628) |  |  | (16,722) |  |  | (28,671) |  |  | (32,031) |
Consolidated | $ | 1,280 |  |  | $ | (5,270) |  |  | $ | 10,214 |  |  | $ | (17,045) |
(1) Amounts reflected include the following general corporate expenses:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in thousands)
General and administrative expense | $ | 11,542 |  |  | $ | 9,543 |  |  | $ | 21,888 |  |  | $ | 22,564 |
Depreciation and amortization | 172 |  |  | 248 |  |  | 363 |  |  | 418 |
Interest expense | 3,894 |  |  | 4,044 |  |  | 7,541 |  |  | 9,107 |
Warrants fair value adjustment (income) expense | — |  |  | 2,698 |  |  | — |  |  | 3,021 |
Other general corporate income, net | 20 |  |  | 189 |  |  | (1,121) |  |  | (3,079) |
Total | $ | 15,628 |  |  | $ | 16,722 |  |  | $ | 28,671 |  |  | $ | 32,031 |

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/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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration