XML 47 R29.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Discontinued Operations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract] |
Summary of financial information has been segregated from continuing operations | The following summarized financial information has been segregated from continuing operations and reported as Discontinued Operations for the years ended December 31, 2017, 2016, and 2015 (in thousands):
| Drilling Technologies |  | Production Technologies
| 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |
Revenue | $ | 11,534 |  |  | $ | 27,627 |  |  | $ | 52,112 |  |  | $ | 4,002 |  |  | $ | 8,292 |  |  | $ | 12,281 |
Cost of revenue | (7,309 | ) |  | (18,667 | ) |  | (35,410 | ) |  | (3,236 | ) |  | (7,881 | ) |  | (10,179 | )
Selling, general and administrative | (6,963 | ) |  | (15,285 | ) |  | (21,049 | ) |  | (1,759 | ) |  | (3,790 | ) |  | (4,158 | )
Depreciation and amortization | — |  |  | (1,714 | ) |  | (3,240 | ) |  | — |  |  | (584 | ) |  | (658 | )
Research and development | (5 | ) |  | (64 | ) |  | (202 | ) |  | (364 | ) |  | (888 | ) |  | (596 | )
Gain (loss) on disposal of long-lived assets | 97 |  |  | 103 |  |  | 17 |  |  | — |  |  | (50 | ) |  | 3 |
Impairment of inventory and long-lived assets | — |  |  | (36,522 | ) |  | (19,568 | ) |  | — |  |  | (3,913 | ) |  | (804 | )
Loss from operations | (2,646 | ) |  | (44,522 | ) |  | (27,340 | ) |  | (1,357 | ) |  | (8,814 | ) |  | (4,111 | )
Other expense | (96 | ) |  | (412 | ) |  | (259 | ) |  | (52 | ) |  | (96 | ) |  | (40 | )
Loss on sale of businesses | (1,600 | ) |  | (1,199 | ) |  | — |  |  | (479 | ) |  | — |  |  | — |
Loss on write-down of assets held for sale | (6,831 | ) |  | (18,971 | ) |  | — |  |  | (9,718 | ) |  | (6,161 | ) |  | — |
Loss before income taxes | (11,173 | ) |  | (65,104 | ) |  | (27,599 | ) |  | (11,606 | ) |  | (15,071 | ) |  | (4,151 | )
Income tax benefit | 4,138 |  |  | 23,661 |  |  | 9,675 |  |  | 4,299 |  |  | 5,477 |  |  | 1,455 |
Net loss from discontinued operations | $ | (7,035 | ) |  | $ | (41,443 | ) |  | $ | (17,924 | ) |  | $ | (7,307 | ) |  | $ | (9,594 | ) |  | $ | (2,696 | )
The assets and liabilities held for sale on the Consolidated Balance Sheets as of December 31, 2017 and 2016 are as follows (in thousands):
| Drilling Technologies |  | Production Technologies
| December 31, 2017 |  | December 31, 2016 |  | December 31, 2017 |  | December 31, 2016
Assets: |  |  |  |  |  |  |
Accounts receivable, net | $ | — |  |  | $ | 5,072 |  |  | $ | — |  |  | $ | 1,784 |
Inventories | — |  |  | 9,078 |  |  | — |  |  | 8,115 |
Other current assets | — |  |  | 278 |  |  | — |  |  | 370 |
Long-term receivable | — |  |  | — |  |  | — |  |  | 4,179 |
Property and equipment, net | — |  |  | 11,277 |  |  | — |  |  | 3,978 |
Goodwill | — |  |  | 15,333 |  |  | — |  |  | 1,689 |
Other intangible assets, net | — |  |  | 7,395 |  |  | — |  |  | 484 |
Assets held for sale | — |  |  | 48,433 |  |  | — |  |  | 20,599 |
Valuation allowance | — |  |  | (18,971 | ) |  | — |  |  | (6,161 | )
Assets held for sale, net | $ | — |  |  | $ | 29,462 |  |  | $ | — |  |  | $ | 14,438 |
Liabilities: |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 2,472 |  |  | $ | — |  |  | $ | 914 |
Accrued liabilities | — |  |  | 1,190 |  |  | — |  |  | 385 |
Liabilities held for sale | $ | — |  |  | $ | 3,662 |  |  | $ | — |  |  | $ | 1,299 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration