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Segments and Related Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by operating segment for the three and six months ended June 30, 2021 and 2020 is summarized in the following tables (in thousands).

			Revenues						Depreciation and amortization						Operating income (loss)						Capital expenditures						Total assets
Three Months Ended June 30, 2021
Offshore/Manufactured Products			$	76,908					$	5,557					$	4,810					$	792					$	526,842
Downhole Technologies			26,760						4,521						(2,295)						197						279,324
Well Site Services(1)			42,056						10,642						(11,590)						1,877						216,498
Corporate			—						189						(8,543)						325						93,060
Total			$	145,724					$	20,909					$	(17,618)					$	3,191					$	1,115,724

			Revenues						Depreciation and amortization						Operating income (loss)						Capital expenditures						Total assets
Three Months Ended June 30, 2020
Offshore/Manufactured Products			$	94,936					$	5,476					$	9,419					$	457					$	548,226
Downhole Technologies			14,965						5,619						(11,110)						1,165						308,942
Well Site Services(2)			36,344						13,368						(22,920)						1,923						270,803
Corporate			—						183						(8,723)						(511)						118,912
Total			$	146,245					$	24,646					$	(33,334)					$	3,034					$	1,246,883

________________

(1)Operating loss included non-cash operating lease asset impairment charges of $2.8 million.

(2)Operating loss included a non-cash fixed asset impairment charge of $3.0 million.

			Revenues						Depreciation and amortization						Operating income (loss)						Capital expenditures						Total assets
Six Months Ended June 30, 2021
Offshore/Manufactured Products			$	137,517					$	11,026					$	5,881					$	1,255					$	526,842
Downhole Technologies			52,190						8,910						(3,910)						280						279,324
Well Site Services(1)			81,606						22,110						(21,443)						5,207						216,498
Corporate			—						383						(17,908)						569						93,060
Total			$	271,313					$	42,429					$	(37,380)					$	7,311					$	1,115,724

			Revenues						Depreciation and amortization						Operating income (loss)						Capital expenditures						Total assets
Six Months Ended June 30, 2020
Offshore/Manufactured Products(2)			$	186,108					$	11,104					$	(86,077)					$	1,522					$	548,226
Downhole Technologies(3)			56,030						11,203						(203,801)						2,814						308,942
Well Site Services(4)			123,801						28,404						(167,874)						4,975						270,803
Corporate			—						344						(17,384)						(396)						118,912
Total			$	365,939					$	51,055					$	(475,136)					$	8,915					$	1,246,883

________________

(1)Operating loss included non-cash fixed and lease asset impairment charges of $3.4 million.

(2)Operating loss included non-cash goodwill and inventory impairment charges of $86.5 million and $16.2 million, respectively.

(3)Operating loss included a non-cash goodwill impairment charge of $192.5 million.

(4)Operating loss included non-cash goodwill, inventory and fixed asset impairment charges of $127.1 million, $9.0 million and $8.2 million, respectively.

Supplemental Revenue Information by Segments

The following tables provide supplemental disaggregated revenue from contracts with customers by operating segment for the three and six months ended June 30, 2021 and 2020 (in thousands):

			Offshore/Manufactured Products												Downhole Technologies												Well Site Services												Total
			2021						2020						2021						2020						2021						2020						2021						2020
Three months ended June 30
Major revenue categories -
Project-driven products			$	31,826					$	51,365					$	—					$	—					$	—					$	—					$	31,826					$	51,365
Short-cycle:
Completion products and services			10,447						4,739						26,760						14,965						39,083						36,175						76,290						55,879
Drilling services			—						—						—						—						2,973						169						2,973						169
Other products			5,583						6,634						—						—						—						—						5,583						6,634
Total short-cycle			16,030						11,373						26,760						14,965						42,056						36,344						84,846						62,682
Other products and services			29,052						32,198						—						—						—						—						29,052						32,198
			$	76,908					$	94,936					$	26,760					$	14,965					$	42,056					$	36,344					$	145,724					$	146,245

			Offshore/Manufactured Products												Downhole Technologies												Well Site Services												Total
			2021						2020						2021						2020						2021						2020						2021						2020
Six months ended June 30
Major revenue categories -
Project-driven products			$	53,200					$	88,153					$	—					$	—					$	—					$	—					$	53,200					$	88,153
Short-cycle:
Completion products and services			18,561						18,416						52,190						56,030						77,882						119,101						148,633						193,547
Drilling services			—						—						—						—						3,724						4,700						3,724						4,700
Other products			9,719						15,054						—						—						—						—						9,719						15,054
Total short-cycle			28,280						33,470						52,190						56,030						81,606						123,801						162,076						213,301
Other products and services			56,037						64,485						—						—						—						—						56,037						64,485
			$	137,517					$	186,108					$	52,190					$	56,030					$	81,606					$	123,801					$	271,313					$	365,939

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Publisher FASB
-Name Accounting Standards Codification
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