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Industry Segments | 9 Months Ended
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Sep. 30, 2024
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 September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands)
Revenues from external customers |  |  |  |  |  |  |
Product sales |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 61,451 |  |  | $ | 68,532 |  |  | $ | 229,223 |  |  | $ | 228,415 |
Water & Flowback Services Division | 10,324 |  |  | 435 |  |  | 12,511 |  |  | 2,304 |
Consolidated | $ | 71,775 |  |  | $ | 68,967 |  |  | $ | 241,734 |  |  | $ | 230,719 |
Services |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 3,680 |  |  | $ | 4,678 |  |  | $ | 13,209 |  |  | $ | 12,059 |
Water & Flowback Services Division | 66,245 |  |  | 77,819 |  |  | 209,664 |  |  | 230,358 |
Consolidated | $ | 69,925 |  |  | $ | 82,497 |  |  | $ | 222,873 |  |  | $ | 242,417 |
Total revenues |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 65,131 |  |  | $ | 73,210 |  |  | $ | 242,432 |  |  | $ | 240,474 |
Water & Flowback Services Division | 76,569 |  |  | 78,254 |  |  | 222,175 |  |  | 232,662 |
Consolidated | $ | 141,700 |  |  | $ | 151,464 |  |  | $ | 464,607 |  |  | $ | 473,136 |
Income (loss) before taxes and discontinued operations |  |  |  |  |  |  |
Completion Fluids & Products Division | $ | 19,119 |  |  | $ | 16,932 |  |  | $ | 65,564 |  |  | $ | 67,330 |
Water & Flowback Services Division | 4,674 |  |  | 8,475 |  |  | 8,551 |  |  | 22,869 |
Corporate Overhead(1) | (16,217) |  |  | (18,691) |  |  | (52,765) |  |  | (54,869) |
Consolidated | $ | 7,576 |  |  | $ | 6,716 |  |  | $ | 21,350 |  |  | $ | 35,330 |
(1) Amounts reflected include the following general corporate expenses:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands)
General and administrative expense | $ | 10,780 |  |  | $ | 13,552 |  |  | $ | 32,570 |  |  | $ | 37,206 |
Depreciation and amortization | 93 |  |  | 101 |  |  | 258 |  |  | 303 |
Impairments and other charges | 109 |  |  | — |  |  | 109 |  |  | 777 |
Interest expense, net | 6,043 |  |  | 5,755 |  |  | 18,440 |  |  | 17,029 |
Loss on debt extinguishment | — |  |  | — |  |  | 5,535 |  |  | — |
Other general corporate income, net | (808) |  |  | (717) |  |  | (4,147) |  |  | (446) |
Total | $ | 16,217 |  |  | $ | 18,691 |  |  | $ | 52,765 |  |  | $ | 54,869 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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