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Segments and Related Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by operating segment for the three and nine months ended September 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 September 30, 2021 |  |  |  |  |  |  |  |  |
Offshore/Manufactured Products | $ | 69,003 |  |  | $ | 5,662 |  |  | $ | 1,764 |  |  | $ | 677 |  |  | $ | 525,894 |
Downhole Technologies(1) | 25,527 |  |  | 4,226 |  |  | (5,035) |  |  | 378 |  |  | 275,095 |
Well Site Services | 45,998 |  |  | 9,531 |  |  | (5,250) |  |  | 2,203 |  |  | 210,601 |
Corporate | — |  |  | 238 |  |  | (7,618) |  |  | 408 |  |  | 80,309 |
Total | $ | 140,528 |  |  | $ | 19,657 |  |  | $ | (16,139) |  |  | $ | 3,666 |  |  | $ | 1,091,899 |
| Revenues |  | Depreciation and amortization |  | Operating income (loss) |  | Capital expenditures |  | Total assets
Three Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |
Offshore/Manufactured Products | $ | 78,674 |  |  | $ | 5,401 |  |  | $ | 3,875 |  |  | $ | 686 |  |  | $ | 541,661 |
Downhole Technologies(2) | 18,713 |  |  | 5,701 |  |  | (12,594) |  |  | 78 |  |  | 294,768 |
Well Site Services | 37,372 |  |  | 12,930 |  |  | (13,872) |  |  | 1,579 |  |  | 253,881 |
Corporate | — |  |  | 219 |  |  | (8,249) |  |  | 19 |  |  | 90,476 |
Total | $ | 134,759 |  |  | $ | 24,251 |  |  | $ | (30,840) |  |  | $ | 2,362 |  |  | $ | 1,180,786 |
________________ (1)Operating loss included a non-cash inventory impairment charge of $2.1 million. (2)Operating loss included a non-cash inventory impairment charge of $5.9 million.
| Revenues |  | Depreciation and amortization |  | Operating income (loss) |  | Capital expenditures |  | Total assets
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |
Offshore/Manufactured Products | $ | 206,520 |  |  | $ | 16,688 |  |  | $ | 7,645 |  |  | $ | 1,932 |  |  | $ | 525,894 |
Downhole Technologies(1) | 77,717 |  |  | 13,136 |  |  | (8,945) |  |  | 658 |  |  | 275,095 |
Well Site Services(2) | 127,604 |  |  | 31,641 |  |  | (26,693) |  |  | 7,410 |  |  | 210,601 |
Corporate | — |  |  | 621 |  |  | (25,526) |  |  | 977 |  |  | 80,309 |
Total | $ | 411,841 |  |  | $ | 62,086 |  |  | $ | (53,519) |  |  | $ | 10,977 |  |  | $ | 1,091,899 |
| Revenues |  | Depreciation and amortization |  | Operating income (loss) |  | Capital expenditures |  | Total assets
Nine Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |
Offshore/Manufactured Products(3) | $ | 264,782 |  |  | $ | 16,505 |  |  | $ | (82,202) |  |  | $ | 2,208 |  |  | $ | 541,661 |
Downhole Technologies(4) | 74,743 |  |  | 16,904 |  |  | (216,395) |  |  | 2,892 |  |  | 294,768 |
Well Site Services(5) | 161,173 |  |  | 41,334 |  |  | (181,746) |  |  | 6,554 |  |  | 253,881 |
Corporate | — |  |  | 563 |  |  | (25,633) |  |  | (377) |  |  | 90,476 |
Total | $ | 500,698 |  |  | $ | 75,306 |  |  | $ | (505,976) |  |  | $ | 11,277 |  |  | $ | 1,180,786 |
________________ (1)Operating loss included a non-cash inventory impairment charge of $2.1 million. (2)Operating loss included non-cash fixed and lease asset impairment charges of $3.4 million. (3)Operating loss included non-cash goodwill and inventory impairment charges of $86.5 million and $16.2 million, respectively. (4)Operating loss included non-cash goodwill and inventory impairment charges of $192.5 million and $5.9 million, respectively. (5)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 nine months ended September 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 September 30 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Major revenue categories - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Project-driven products | $ | 25,294 |  |  | $ | 41,004 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 25,294 |  |  | $ | 41,004 |
Short-cycle: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Completion products and services | 11,544 |  |  | 3,664 |  |  | 25,527 |  |  | 18,713 |  |  | 42,714 |  |  | 34,893 |  |  | 79,785 |  |  | 57,270 |
Drilling services | — |  |  | — |  |  | — |  |  | — |  |  | 3,284 |  |  | 2,479 |  |  | 3,284 |  |  | 2,479 |
Other products | 7,138 |  |  | 4,200 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,138 |  |  | 4,200 |
Total short-cycle | 18,682 |  |  | 7,864 |  |  | 25,527 |  |  | 18,713 |  |  | 45,998 |  |  | 37,372 |  |  | 90,207 |  |  | 63,949 |
Other products and services | 25,027 |  |  | 29,806 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25,027 |  |  | 29,806 |
| $ | 69,003 |  |  | $ | 78,674 |  |  | $ | 25,527 |  |  | $ | 18,713 |  |  | $ | 45,998 |  |  | $ | 37,372 |  |  | $ | 140,528 |  |  | $ | 134,759 |
| Offshore/Manufactured Products |  | Downhole Technologies |  | Well Site Services |  | Total
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Nine Months Ended September 30 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Major revenue categories - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Project-driven products | $ | 78,494 |  |  | $ | 129,157 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 78,494 |  |  | $ | 129,157 |
Short-cycle: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Completion products and services | 30,105 |  |  | 22,080 |  |  | 77,717 |  |  | 74,743 |  |  | 120,596 |  |  | 153,994 |  |  | 228,418 |  |  | 250,817 |
Drilling services | — |  |  | — |  |  | — |  |  | — |  |  | 7,008 |  |  | 7,179 |  |  | 7,008 |  |  | 7,179 |
Other products | 16,857 |  |  | 19,254 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16,857 |  |  | 19,254 |
Total short-cycle | 46,962 |  |  | 41,334 |  |  | 77,717 |  |  | 74,743 |  |  | 127,604 |  |  | 161,173 |  |  | 252,283 |  |  | 277,250 |
Other products and services | 81,064 |  |  | 94,291 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 81,064 |  |  | 94,291 |
| $ | 206,520 |  |  | $ | 264,782 |  |  | $ | 77,717 |  |  | $ | 74,743 |  |  | $ | 127,604 |  |  | $ | 161,173 |  |  | $ | 411,841 |  |  | $ | 500,698 |

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