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Segments and Related Information (Tables)

9 Months Ended

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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- 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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