XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.21.2

Details of Selected Balance Sheet Accounts (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Details of Selected Balance Sheet Accounts [Abstract] |
Schedule of Accounts Receivable, Net | Additional information regarding selected balance sheet accounts as of June 30, 2021 and December 31, 2020 is presented below (in thousands):
| June 30, 2021 |  | December 31, 2020
Accounts receivable, net: |  |  |
Trade | $ | 125,332 |  |  | $ | 109,294 |
Unbilled revenue | 23,813 |  |  | 23,173 |
Contract assets | 18,074 |  |  | 35,870 |
Other | 10,903 |  |  | 3,102 |
Total accounts receivable | 178,122 |  |  | 171,439 |
Allowance for doubtful accounts | (7,698) |  |  | (8,304) |
| $ | 170,424 |  |  | $ | 163,135 |
Allowance for doubtful accounts as a percentage of total accounts receivable | 4 | % |  | 5 | %
Contract with Customer, Asset and Liability |
| June 30, 2021 |  | December 31, 2020
Deferred revenue (contract liabilities) | $ | 45,210 |  |  | $ | 43,384 |
Summary of Activity in Allowance for Doubtful Accounts | The following provides a summary of activity in the allowance for doubtful accounts for the six months ended June 30, 2021 and 2020 (in thousands):
| Six Months Ended June 30,
| 2021 |  | 2020
Allowance for doubtful accounts – January 1 | $ | 8,304 |  |  | $ | 8,745 |
Provisions | 61 |  |  | 2,549 |
Write-offs | (815) |  |  | (2,184) |
Other | 148 |  |  | 1,152 |
Allowance for doubtful accounts – June 30 | $ | 7,698 |  |  | $ | 10,262 |
Schedule of Inventory, Net |
| June 30, 2021 |  | December 31, 2020
Inventories, net: |  |  |
Finished goods and purchased products | $ | 90,623 |  |  | $ | 88,634 |
Work in process | 30,248 |  |  | 27,063 |
Raw materials | 93,968 |  |  | 95,410 |
Total inventories | 214,839 |  |  | 211,107 |
Allowance for excess or obsolete inventory | (39,790) |  |  | (40,731) |
| $ | 175,049 |  |  | $ | 170,376 |
Schedule of Property, Plant and Equipment, Net |
|  |  | June 30, 2021 |  | December 31, 2020
Property, plant and equipment, net: |  |  |  |  |  |  |  |  |
Land |  | $ | 34,661 |  |  | $ | 34,968 |
Buildings and leasehold improvements |  |  |  |  |  |  | 265,793 |  |  | 267,072 |
Machinery and equipment |  |  |  |  |  |  | 242,849 |  |  | 239,986 |
Completion-related rental equipment |  |  |  |  |  |  | 505,795 |  |  | 507,755 |
Office furniture and equipment |  |  |  |  |  |  | 32,329 |  |  | 35,767 |
Vehicles |  |  |  |  |  |  | 77,415 |  |  | 81,607 |
Construction in progress |  | 5,879 |  |  | 7,207 |
Total property, plant and equipment |  | 1,164,721 |  |  | 1,174,362 |
Accumulated depreciation |  | (809,316) |  |  | (790,800) |
|  |  |  |  |  |  | $ | 355,405 |  |  | $ | 383,562 |
Schedule of Finite-Lived Intangible Assets |
| June 30, 2021 |  | December 31, 2020
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Other intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 168,290 |  |  | $ | 60,937 |  |  | $ | 107,353 |  |  | $ | 168,288 |  |  | $ | 55,380 |  |  | $ | 112,908 |
Patents/Technology/Know-how | 78,528 |  |  | 30,425 |  |  | 48,103 |  |  | 75,920 |  |  | 26,124 |  |  | 49,796 |
Noncompete agreements | — |  |  | — |  |  | — |  |  | 16,044 |  |  | 14,742 |  |  | 1,302 |
Tradenames and other | 53,708 |  |  | 13,552 |  |  | 40,156 |  |  | 53,708 |  |  | 11,965 |  |  | 41,743 |
| $ | 300,526 |  |  | $ | 104,914 |  |  | $ | 195,612 |  |  | $ | 313,960 |  |  | $ | 108,211 |  |  | $ | 205,749 |
Schedule of Other Noncurrent Assets |
| June 30, 2021 |  | December 31, 2020
Other noncurrent assets: |  |  |
Deferred compensation plan | $ | 24,026 |  |  | $ | 22,801 |
Deferred financing costs | 3,097 |  |  | — |
Deferred income taxes | 1,466 |  |  | 1,280 |
Other | 5,159 |  |  | 5,646 |
| $ | 33,748 |  |  | $ | 29,727 |
Schedule of Accrued Liabilities |
| June 30, 2021 |  | December 31, 2020
Accrued liabilities: |  |  |
Accrued compensation | $ | 16,840 |  |  | $ | 18,463 |
Accrued taxes, other than income taxes | 11,029 |  |  | 7,307 |
Insurance liabilities | 6,677 |  |  | 7,694 |
Accrued interest | 3,605 |  |  | 2,202 |
Accrued commissions | 1,263 |  |  | 1,416 |
Other | 5,974 |  |  | 7,422 |
| $ | 45,388 |  |  | $ | 44,504 |

X
- Definition Details of Selected Balance Sheet Accounts [Abstract] + References No definition available. + Details
Name: | ois_DetailsofSelectedBalanceSheetAccountsAbstract
Namespace Prefix: | ois_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of noncurrent assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfOtherAssetsNoncurrentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration