XML 75 R22.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Business Segment, Geographic and Major Customer Information | 3 Months Ended
--- | ---
Mar. 31, 2015
Segment Reporting [Abstract] |
Business Segment, Geographic and Major Customer Information | Business Segment, Geographic and Major Customer Information Segment Information Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by chief operating decision-makers in deciding how to allocate resources and assess performance. The operations of the Company are categorized into four reportable segments: Energy Chemistry Technologies (previously referred to as Energy Chemical Technologies), Consumer and Industrial Chemistry Technologies (previously referred to as Consumer and Industrial Chemical Technologies), Drilling Technologies and Production Technologies.
• | Energy Chemistry Technologies designs, develops, manufactures, packages and markets specialty chemistries used in oil and natural gas well drilling, cementing, completion, stimulation and production. In addition, the Company's chemistries are used in specialized enhanced and improved oil recovery markets. Activities in this segment also include construction and management of automated material handling facilities and management of loading facilities and blending operations for oilfield services companies.
• | Consumer and Industrial Chemistry Technologies designs, develops and manufactures products that are sold to companies in the flavor and fragrance industries and the specialty chemical industry. These technologies are used by beverage and food companies, fragrance companies, and companies providing household and industrial cleaning products.
• | Drilling Technologies rents, sells, inspects, manufactures and markets downhole drilling equipment used in energy, mining, water well and industrial drilling activities.
• | Production Technologies assembles and markets production-related equipment, including the Petrovalve TM product line of rod pump components, electric submersible pumps, gas separators, valves and services that support natural gas and oil production activities.
The Company evaluates performance based upon a variety of criteria. The primary financial measure is segment operating income. Various functions, including certain sales and marketing activities and general and administrative activities, are provided centrally by the corporate office. Costs associated with corporate office functions, other corporate income and expense items, and income taxes, are not allocated to reportable segments. Summarized financial information of the reportable segments is as follows (in thousands):
As of and for the three months ended March 31, | Energy Chemistry Technologies |  | Consumer and Industrial Chemistry Technologies |  | Drilling Technologies |  | Production Technologies |  | Corporate and Other |  | Total
2015 |  |  |  |  |  |  |  |  |  |  |
Net revenue from external customers | $ | 46,643 |  |  | $ | 13,463 |  |  | $ | 18,694 |  |  | $ | 3,573 |  |  | $ | — |  |  | $ | 82,373 |
Gross margin | 16,100 |  |  | 3,706 |  |  | 5,991 |  |  | 730 |  |  | — |  |  | 26,527 |
Income (loss) from operations | 6,821 |  |  | 2,381 |  |  | (637 | ) |  | (539 | ) |  | (9,315 | ) |  | (1,289 | )
Depreciation and amortization | 1,204 |  |  | 552 |  |  | 2,319 |  |  | 125 |  |  | 370 |  |  | 4,570 |
Total assets | 152,423 |  |  | 92,438 |  |  | 141,229 |  |  | 25,176 |  |  | 3,741 |  |  | 415,007 |
Capital expenditures | 2,361 |  |  | 22 |  |  | 2,124 |  |  | 638 |  |  | 445 |  |  | 5,590 |
2014 |  |  |  |  |  |  |  |  |  |  |
Net revenue from external customers | $ | 62,377 |  |  | $ | 13,030 |  |  | $ | 24,901 |  |  | $ | 2,267 |  |  | $ | — |  |  | $ | 102,575 |
Gross margin | 29,220 |  |  | 4,033 |  |  | 9,788 |  |  | 640 |  |  | — |  |  | 43,681 |
Income (loss) from operations | 21,623 |  |  | 2,335 |  |  | 3,317 |  |  | (79 | ) |  | (8,398 | ) |  | 18,798 |
Depreciation and amortization | 1,067 |  |  | 433 |  |  | 2,437 |  |  | 70 |  |  | 212 |  |  | 4,219 |
Total assets | 137,638 |  |  | 93,217 |  |  | 136,141 |  |  | 14,864 |  |  | 8,656 |  |  | 390,516 |
Capital expenditures | 1,386 |  |  | 14 |  |  | 3,296 |  |  | 61 |  |  | 233 |  |  | 4,990 |
Geographic Information Revenue by country is based on the location where services are provided and products are used. No individual country other than the United States (“U.S.”) accounted for more than 10% of revenue. Revenue by geographic location is as follows (in thousands):
|  | Three months ended March 31,
|  | 2015 |  | 2014
U.S. |  | $ | 64,195 |  |  | $ | 87,331 |
Other countries |  | 18,178 |  |  | 15,244 |
Total |  | $ | 82,373 |  |  | $ | 102,575 |
Long-lived assets held in countries other than the U.S. are not considered material to the consolidated financial statements. Major Customers Revenue from major customers, as a percentage of consolidated revenue, is as follows:
|  | Three months ended March 31,
|  | 2015 |  | 2014
Customer A |  | 12.0 | % |  | * |
Customer B |  | 10.3 | % |  | 15.4 | %
* This customer did not account for more than 10% of revenue during the period. Over 93% of the revenue from these customers was for sales in the Energy Chemistry Technologies segment.

X
- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration