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Industry Segments and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Reporting Table | Summarized financial information concerning the business segments is as follows:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
|  | (In Thousands)
Revenues from external customers |  |  |  |  |  |
Product sales |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | 258,745 |  |  | $ | 211,201 |  |  | $ | 229,809 |
Water & Flowback Services Division |  | 1,253 |  |  | 4,028 |  |  | 2,912 |
Consolidated |  | $ | 259,998 |  |  | $ | 215,229 |  |  | $ | 232,721 |
Services |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | 14,628 |  |  | $ | 8,447 |  |  | $ | 12,852 |
Water & Flowback Services Division |  | 278,587 |  |  | 164,596 |  |  | 132,142 |
Consolidated |  | $ | 293,215 |  |  | $ | 173,043 |  |  | $ | 144,994 |
Total revenues |  |  |  |  |  |
Completion Fluids & Products Division |  | $ | 273,373 |  |  | $ | 219,648 |  |  | $ | 242,661 |
Water & Flowback Services Division |  | 279,840 |  |  | 168,624 |  |  | 135,054 |
Consolidated |  | $ | 553,213 |  |  | $ | 388,272 |  |  | $ | 377,715 |
Depreciation, amortization, and accretion |  |  |  |  |  |
Completion Fluids & Products |  | $ | 7,455 |  |  | $ | 7,542 |  |  | $ | 7,581 |
Water & Flowback Services |  | 24,672 |  |  | 25,060 |  |  | 29,913 |
Corporate |  | 692 |  |  | 900 |  |  | 720 |
Consolidated |  | $ | 32,819 |  |  | $ | 33,502 |  |  | $ | 38,214 |
Interest expense |  |  |  |  |  |
Completion Fluids & Products |  | $ | 95 |  |  | $ | 44 |  |  | $ | 73 |
Water & Flowback Services |  | 144 |  |  | 7 |  |  | 4 |
Corporate |  | 16,584 |  |  | 16,506 |  |  | 19,249 |
Consolidated interest expense |  | 16,823 |  |  | 16,557 |  |  | 19,326 |
Consolidated interest income |  | (990) |  |  | (180) |  |  | (400) |
Consolidated interest expense, net |  | $ | 15,833 |  |  | $ | 16,377 |  |  | $ | 18,926 |
Income (loss) before taxes and discontinued operations |  |  |  |  |  |
Completion Fluids & Products |  | $ | 57,366 |  |  | $ | 54,981 |  |  | $ | 55,334 |
Water & Flowback Services |  | 15,732 |  |  | (11,116) |  |  | (21,850) |
Interdivision eliminations |  | 11 |  |  | 12 |  |  | 12 |
Corporate(1) |  | (61,943) |  |  | (58,598) |  |  | (58,582) |
Consolidated |  | $ | 11,166 |  |  | $ | (14,721) |  |  | $ | (25,086) |
(1) Amounts reflected include the following general corporate expenses:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
|  | (In Thousands)
General and administrative expense |  | $ | 45,077 |  |  | $ | 39,990 |  |  | $ | 36,201 |
Depreciation, amortization, accretion, and impairments |  | 692 |  |  | 1,032 |  |  | 818 |
Interest expense, net |  | 17,041 |  |  | 17,483 |  |  | 20,727 |
Other general corporate (income) expense, net |  | (867) |  |  | 93 |  |  | 836 |
Total |  | $ | 61,943 |  |  | $ | 58,598 |  |  | $ | 58,582 |
|  | December 31,
|  | 2022 |  | 2021
|  | (In Thousands)
Total assets |  |  |  |
Completion Fluids & Products |  | $ | 221,167 |  |  | $ | 200,869 |
Water & Flowback Services |  | 178,759 |  |  | 146,110 |
Corporate, other and eliminations |  | 34,440 |  |  | 51,287 |
Consolidated |  | $ | 434,366 |  |  | $ | 398,266 |
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
|  | (In Thousands)
Capital expenditures |  |  |  |  |  |
Completion Fluids & Products |  | $ | 9,426 |  |  | $ | 3,828 |  |  | $ | 4,016 |
Water & Flowback Services |  | 30,431 |  |  | 13,620 |  |  | 9,651 |
Corporate |  | 199 |  |  | 105 |  |  | 1,023 |
Discontinued operations (1) |  | — |  |  | 2,980 |  |  | 14,696 |
Consolidated |  | $ | 40,056 |  |  | $ | 20,533 |  |  | $ | 29,386 |
(1) Amounts presented are net of cost of equipment sold, including zero during 2022, zero during 2021 and $12.7 million during 2020 for our former Compression Division.
Financial Information by Geographic Area Table | Summarized financial information concerning the geographic areas of our customers and in which we operate at December 31, 2022, 2021, and 2020, is presented below:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
|  | (In Thousands)
Revenues from external customers |  |  |  |  |  |
United States |  | $ | 391,964 |  |  | $ | 251,786 |  |  | $ | 225,835 |
Europe |  | 89,077 |  |  | 88,136 |  |  | 90,303 |
South America |  | 30,560 |  |  | 10,473 |  |  | 11,583 |
Canada and Mexico |  | 2,213 |  |  | 5,363 |  |  | 1,347 |
Africa |  | 2,826 |  |  | 2,262 |  |  | 8,128 |
Middle East, Asia and other |  | 36,573 |  |  | 30,252 |  |  | 40,519 |
Total |  | $ | 553,213 |  |  | $ | 388,272 |  |  | $ | 377,715 |
Transfers between geographic areas: |  |  |  |  |  |
Europe |  | 15 |  |  | 195 |  |  | 848 |
Eliminations |  | (15) |  |  | (195) |  |  | (848) |
Total revenues |  | $ | 553,213 |  |  | $ | 388,272 |  |  | $ | 377,715 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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- 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
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