XML 21 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenue $ 177,773,000 $ 243,106,000 $ 188,233,000
Costs and expenses:      
Operating expenses (excluding depreciation and amortization) 159,808,000 188,744,000 143,983,000
Corporate general and administrative 31,467,000 41,492,000 43,745,000
Depreciation and amortization 9,216,000 9,768,000 8,172,000
Research and development 10,356,000 13,130,000 9,319,000
(Gain) loss on disposal of long-lived assets (443,000) 292,000 (18,000)
Impairment of goodwill 37,180,000 0 0
Total costs and expenses 247,584,000 253,426,000 205,201,000
Loss from operations (69,811,000) (10,320,000) (16,968,000)
Other (expense) income:      
Interest expense (2,866,000) (2,168,000) (1,979,000)
Loss on sale of business (360,000) 0 0
Loss on write-down of assets held for sale (2,580,000) 0 0
Gain on legal settlement 0 0 12,730,000
Other (expense) income, net (5,040,000) 1,096,000 (434,000)
Total other (expense) income (10,846,000) (1,072,000) 10,317,000
Loss before income taxes (80,657,000) (11,392,000) (6,651,000)
Income tax benefit (expense) 7,216,000 (6,112,000) 2,204,000
Loss from continuing operations (73,441,000) (17,504,000) (4,447,000)
Income (loss) from discontinued operations, net of tax 2,743,000 (9,891,000) (44,683,000)
Net loss (70,698,000) (27,395,000) (49,130,000)
Net loss attributable to noncontrolling interests 358,000 0 0
Net loss attributable to Flotek Industries, Inc. (Flotek) (70,340,000) (27,395,000) (49,130,000)
Amounts attributable to Flotek shareholders:      
Loss from continuing operations (73,083,000) (17,504,000) (4,447,000)
Income (loss) from discontinued operations, net of tax $ 2,743,000 $ (9,891,000) $ (44,683,000)
Basic earnings (loss) per common share:      
Continuing operations (in dollars per share) $ (1.26) $ (0.30) $ (0.08)
Discontinued operations, net of tax (in dollars per share) 0.05 (0.17) (0.80)
Basic earnings (loss) per common share (in dollars per share) (1.21) (0.47) (0.88)
Diluted earnings (loss) per common share:      
Continuing operations (in dollars per share) (1.26) (0.30) (0.08)
Discontinued operations, net of tax (in dollars per share) 0.05 (0.17) (0.80)
Diluted earnings (loss) per common share (in dollars per share) $ (1.21) $ (0.47) $ (0.88)
Weighted average common shares:      
Weighted average common shares used in computing basic earnings (loss) per common share (in shares) 57,995 57,580 56,087
Weighted average common shares used in computing diluted earnings (loss) per common share (in shares) 57,995 57,580 56,087