XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Industry Segments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Segment Reporting [Abstract] |
Segment Reporting Table | Summarized financial information concerning the business segments is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in thousands)
Revenues from external customers |  |  |  |  |  |  |
Product sales |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 55,354 |  |  | $ | 46,322 |  |  | $ | 195,469 |  |  | $ | 153,905 |
Water & Flowback Services Division | 140 |  |  | 18 |  |  | 381 |  |  | 50 |
Consolidated | $ | 55,494 |  |  | $ | 46,340 |  |  | $ | 195,850 |  |  | $ | 153,955 |
Services |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 3,809 |  |  | $ | 2,369 |  |  | $ | 11,686 |  |  | $ | 5,914 |
Water & Flowback Services Division | 75,709 |  |  | 46,765 |  |  | 198,229 |  |  | 115,255 |
Consolidated | $ | 79,518 |  |  | $ | 49,134 |  |  | $ | 209,915 |  |  | $ | 121,169 |
Total revenues |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 59,163 |  |  | $ | 48,691 |  |  | $ | 207,155 |  |  | $ | 159,819 |
Water & Flowback Services Division | 75,849 |  |  | 46,783 |  |  | 198,610 |  |  | 115,305 |
Consolidated | $ | 135,012 |  |  | $ | 95,474 |  |  | $ | 405,765 |  |  | $ | 275,124 |
Income (loss) before taxes |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 12,357 |  |  | $ | 14,675 |  |  | $ | 46,910 |  |  | $ | 40,113 |
Water & Flowback Services Division | 6,482 |  |  | (1,807) |  |  | 10,808 |  |  | (12,265) |
Interdivision Eliminations | 3 |  |  | 3 |  |  | 9 |  |  | 9 |
Corporate Overhead(1) | (16,727) |  |  | (9,789) |  |  | (45,398) |  |  | (41,820) |
Consolidated | $ | 2,115 |  |  | $ | 3,082 |  |  | $ | 12,329 |  |  | $ | (13,963) |
(1) Amounts reflected include the following general corporate expenses:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in thousands)
General and administrative expense | $ | 11,968 |  |  | $ | 8,409 |  |  | $ | 33,856 |  |  | $ | 30,973 |
Depreciation and amortization | 165 |  |  | 228 |  |  | 528 |  |  | 646 |
Interest expense | 4,437 |  |  | 4,247 |  |  | 11,978 |  |  | 13,354 |
Warrants fair value adjustment (income) expense | — |  |  | (3,164) |  |  | — |  |  | (143) |
Other general corporate (income) expense, net | 157 |  |  | 69 |  |  | (964) |  |  | (3,010) |
Total | $ | 16,727 |  |  | $ | 9,789 |  |  | $ | 45,398 |  |  | $ | 41,820 |

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