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Segments and Related Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segments and Related Information Segments and Related Information
The Company operates through three operating segments: Offshore/Manufactured Products, Well Site Services and Downhole Technologies. Financial information by operating segment for the three months ended March 31, 2022 and 2021 is summarized in the following tables (in thousands).
RevenuesDepreciation and amortizationOperating income (loss)Capital expendituresTotal assets
Three Months Ended March 31, 2022
Offshore/Manufactured Products$84,112 $5,330 $10,196 $902 $559,877 
Well Site Services48,172 7,932 (3,395)1,548 197,077 
Downhole Technologies31,760 4,384 (1,505)317 265,958 
Corporate— 171 (9,632)91 55,053 
Total$164,044 $17,817 $(4,336)$2,858 $1,077,965 
RevenuesDepreciation and amortizationOperating income (loss)Capital expendituresTotal assets
Three Months Ended March 31, 2021
Offshore/Manufactured Products$60,609 $5,469 $1,071 $463 $534,819 
Well Site Services(1)
39,550 11,468 (9,853)3,330 229,968 
Downhole Technologies25,430 4,389 (1,615)83 280,320 
Corporate— 194 (9,365)244 79,312 
Total$125,589 $21,520 $(19,762)$4,120 $1,124,419 
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(1)Operating loss included a non-cash fixed asset impairment charge of $0.7 million.
See Note 2, "Asset Impairments and Other Restructuring Items," and Note 3, "Details of Selected Balance Sheet Accounts," for further discussion of these and other charges and benefits recognized in first three months of 2021.
The following tables provide supplemental disaggregated revenue from contracts with customers by operating segment for the three months ended March 31, 2022 and 2021 (in thousands):
Offshore/Manufactured ProductsWell Site ServicesDownhole TechnologiesTotal
20222021202220212022202120222021
Three Months Ended March 31
Major revenue categories -
Project-driven products$33,844 $21,374 $— $— $— $— $33,844 $21,374 
Short-cycle:
Completion products and services13,580 8,114 45,166 38,799 31,760 25,430 90,506 72,343 
Drilling services— — 3,006 751 — — 3,006 751 
Other products7,044 4,136 — — — — 7,044 4,136 
Total short-cycle20,624 12,250 48,172 39,550 31,760 25,430 100,556 77,230 
Other products and services29,644 26,985 — — — — 29,644 26,985 
$84,112 $60,609 $48,172 $39,550 $31,760 $25,430 $164,044 $125,589 
Revenues from products and services transferred to customers over time accounted for approximately 62% and 62% of consolidated revenues for the three months ended March 31, 2022 and 2021, respectively. The balance of revenues for the respective periods relates to products and services transferred to customers at a point in time. As of March 31, 2022, the Company had $152.0 million of remaining backlog related to contracts with an original expected duration of greater than one year. Approximately 35% of this remaining backlog is expected to be recognized as revenue over the remaining nine months of 2022, with an additional 35% recognized in 2023 and the balance thereafter.