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Business Segment, Geographic and Major Customer Information | 9 Months Ended
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Sep. 30, 2018
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 two reportable segments: Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies.
• | Energy Chemistry Technologies designs, develops, manufactures, packages, and markets specialty chemistries used in oil and natural gas well drilling, cementing, completion, and stimulation. 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 industry and the specialty chemical industry. These technologies are used by beverage and food companies, fragrance companies, and companies providing household and industrial cleaning products.
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):
For the three months ended September 30, | Energy Chemistry Technologies |  | Consumer and Industrial Chemistry Technologies |  | Corporate and Other |  | Total
2018 |  |  |  |  |  |  |
Net revenue from external customers | $ | 53,709 |  |  | $ | 17,280 |  |  | $ | — |  |  | $ | 70,989 |
Income (loss) from operations | 3,920 |  |  | 858 |  |  | (8,000 | ) |  | (3,222 | )
Depreciation and amortization | 1,734 |  |  | 699 |  |  | 524 |  |  | 2,957 |
Capital expenditures | 302 |  |  | 171 |  |  | 861 |  |  | 1,334 |
2017 |  |  |  |  |  |  |
Net revenue from external customers | $ | 61,167 |  |  | $ | 18,291 |  |  | $ | — |  |  | $ | 79,458 |
Income (loss) from operations | 6,867 |  |  | 985 |  |  | (10,955 | ) |  | (3,103 | )
Depreciation and amortization | 1,863 |  |  | 590 |  |  | 614 |  |  | 3,067 |
Capital expenditures | 324 |  |  | 682 |  |  | 641 |  |  | 1,647 |
For the nine months ended September 30, | Energy Chemistry Technologies |  | Consumer and Industrial Chemistry Technologies |  | Corporate and Other |  | Total
2018 |  |  |  |  |  |  |
Net revenue from external customers | $ | 134,324 |  |  | $ | 56,267 |  |  | $ | — |  |  | $ | 190,591 |
Income (loss) from operations | (34,175 | ) |  | 3,937 |  |  | (26,270 | ) |  | (56,508 | )
Depreciation and amortization | 5,300 |  |  | 2,049 |  |  | 1,635 |  |  | 8,984 |
Capital expenditures | 2,480 |  |  | 767 |  |  | 1,314 |  |  | 4,561 |
2017 |  |  |  |  |  |  |
Net revenue from external customers | $ | 187,807 |  |  | $ | 56,782 |  |  | $ | — |  |  | $ | 244,589 |
Income (loss) from operations | 24,715 |  |  | 5,906 |  |  | (35,598 | ) |  | (4,977 | )
Depreciation and amortization | 5,507 |  |  | 1,752 |  |  | 1,832 |  |  | 9,091 |
Capital expenditures | 2,794 |  |  | 1,580 |  |  | 1,781 |  |  | 6,155 |
Assets of the Company by reportable segments are as follows (in thousands):
| September 30, 2018 |  | December 31, 2017
Energy Chemistry Technologies | $ | 145,853 |  |  | $ | 172,799 |
Consumer and Industrial Chemistry Technologies | 132,381 |  |  | 116,600 |
Corporate and Other | 15,068 |  |  | 35,491 |
Total segments | 293,302 |  |  | 324,890 |
Held for sale | — |  |  | 4,998 |
Total assets | $ | 293,302 |  |  | $ | 329,888 |
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, except as noted below. Revenue by geographic location is as follows (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
U.S. | $ | 45,269 |  |  | $ | 66,638 |  |  | $ | 137,915 |  |  | $ | 203,123 |
Other countries * | 25,720 |  |  | 12,820 |  |  | 52,676 |  |  | 41,466 |
Total | $ | 70,989 |  |  | $ | 79,458 |  |  | $ | 190,591 |  |  | $ | 244,589 |
* | During the three months ended September 30, 2018, revenue for products used and services provided in Saudi Arabia was $13.2 million, or 18.6% of total quarterly revenue.
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 September 30, |  | Nine months ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Customer A | 19.4 | % |  | * |  |  | * |  | * |
Customer B | * |  |  | 13.3 | % |  | * |  | 12.9 | %
* This customer did not account for more than 10% of revenue. Over 95% of the revenue from these customers was for sales in the Energy Chemistry Technologies segment.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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