XML 48 R32.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | Consolidated loss before income taxes for the years ended December 31, 2021, 2020 and 2019 consisted of the following (in thousands):
| 2021 |  | 2020 |  | 2019
United States | $ | (56,665) |  |  | $ | (534,452) |  |  | $ | (254,291) |
Foreign | (16,669) |  |  | 123 |  |  | 13,564 |
Total | $ | (73,334) |  |  | $ | (534,329) |  |  | $ | (240,727) |
Schedule of Components of Income Tax Expense (Benefit) | Components of income tax benefit for the years ended December 31, 2021, 2020 and 2019 consisted of the following (in thousands):
| 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |
United States | $ | 370 |  |  | $ | (44,399) |  |  | $ | 300 |
U.S. state | 250 |  |  | 235 |  |  | 292 |
Foreign | (1,322) |  |  | 2,622 |  |  | 5,958 |
| (702) |  |  | (41,542) |  |  | 6,550 |
Deferred: |  |  |  |  |
United States | (7,662) |  |  | (20,913) |  |  | (13,972) |
U.S. state | (177) |  |  | (1,798) |  |  | (473) |
Foreign | (800) |  |  | (1,693) |  |  | (1,024) |
| (8,639) |  |  | (24,404) |  |  | (15,469) |
Total income tax benefit | $ | (9,341) |  |  | $ | (65,946) |  |  | $ | (8,919) |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the U.S. statutory tax benefit rate to the effective tax benefit rate for the years ended December 31, 2021, 2020 and 2019 is as follows:
| 2021 |  | 2020 |  | 2019
U.S. statutory tax benefit rate | (21.0) | % |  | (21.0) | % |  | (21.0) | %
Release of foreign currency translation adjustments on liquidation of an international operation | 2.7 |  |  | — |  |  | — |
Impairments of goodwill | — |  |  | 12.3 |  |  | 14.4 |
Effect of CARES Act | — |  |  | (3.1) |  |  | — |
State income taxes, net of federal benefits | (1.6) |  |  | (1.1) |  |  | (0.4) |
Effect of foreign income taxed at different rates | (0.4) |  |  | 0.1 |  |  | 0.7 |
Valuation allowances against tax assets | 3.3 |  |  | 0.3 |  |  | 0.8 |
Non-deductible compensation | 1.1 |  |  | 0.1 |  |  | 0.3 |
Other non-deductible expenses, net | 3.2 |  |  | 0.1 |  |  | 1.5 |
Effective tax benefit rate | (12.7) | % |  | (12.3) | % |  | (3.7) | %
Schedule of Deferred Tax Assets and Liabilities | The significant items giving rise to the deferred tax assets and liabilities as of December 31, 2021 and 2020 are as follows (in thousands):
| 2021 |  | 2020
Deferred tax assets: |  |  |
Foreign tax credit carryforwards | $ | 20,360 |  |  | $ | 20,870 |
Net operating loss carryforwards | 46,304 |  |  | 37,838 |
Employee benefits | 5,456 |  |  | 7,353 |
Inventories | 10,192 |  |  | 9,696 |
Operating lease liabilities | 5,355 |  |  | 6,697 |
Other | 6,899 |  |  | 7,649 |
Gross deferred tax asset | 94,566 |  |  | 90,103 |
Valuation allowance | (37,643) |  |  | (35,497) |
Net deferred tax asset | 56,923 |  |  | 54,606 |
Deferred tax liabilities: |  |  |
Tax over book depreciation | (23,938) |  |  | (27,613) |
Intangible assets | (29,671) |  |  | (30,392) |
Convertible senior notes discount | — |  |  | (2,790) |
Operating lease assets | (4,355) |  |  | (5,884) |
Other | (718) |  |  | (910) |
Deferred tax liability | (58,682) |  |  | (67,589) |
Net deferred tax liability | $ | (1,759) |  |  | $ | (12,983) |
Schedule Of Deferred Tax Reclassifications |
| 2021 |  | 2020
Balance sheet classification: |  |  |
Other non-current assets | $ | 1,878 |  |  | $ | 1,280 |
Deferred tax liability | (3,637) |  |  | (14,263) |
Net deferred tax liability | $ | (1,759) |  |  | $ | (12,983) |

X
- Definition Schedule Of Deferred Tax Reclassifications + References No definition available. + Details
Name: | ois_ScheduleOfDeferredTaxReclassificationsTableTextBlock
Namespace Prefix: | ois_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration