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Segments and Related Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by operating segment for the three and six months ended June 30, 2022 and 2021 is summarized in the following tables (in thousands).

			Revenues						Depreciation and amortization						Operating income (loss)						Capital expenditures						Total assets
Three Months Ended June 30, 2022
Offshore/Manufactured Products			$	96,467					$	5,249					$	9,441					$	571					$	552,091
Well Site Services			54,819						7,395						601						2,918						195,444
Downhole Technologies			30,548						4,423						(1,485)						67						257,174
Corporate			—						172						(9,647)						39						47,594
Total			$	181,834					$	17,239					$	(1,090)					$	3,595					$	1,052,303

			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
Well Site Services(1)			42,056						10,642						(11,590)						1,877						216,498
Downhole Technologies			26,760						4,521						(2,295)						197						279,324
Corporate			—						189						(8,543)						325						93,060
Total			$	145,724					$	20,909					$	(17,618)					$	3,191					$	1,115,724

________________

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

			Revenues						Depreciation and amortization						Operating income (loss)						Capital expenditures						Total assets
Six Months Ended June 30, 2022
Offshore/Manufactured Products			$	180,579					$	10,579					$	19,637					$	1,473					$	552,091
Well Site Services			102,991						15,327						(2,794)						4,466						195,444
Downhole Technologies			62,308						8,807						(2,990)						384						257,174
Corporate			—						343						(19,279)						130						47,594
Total			$	345,878					$	35,056					$	(5,426)					$	6,453					$	1,052,303

			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
Well Site Services(1)			81,606						22,110						(21,443)						5,207						216,498
Downhole Technologies			52,190						8,910						(3,910)						280						279,324
Corporate			—						383						(17,908)						569						93,060
Total			$	271,313					$	42,429					$	(37,380)					$	7,311					$	1,115,724

________________

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

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, 2022 and 2021 (in thousands):

			Offshore/Manufactured Products												Well Site Services												Downhole Technologies												Total
			2022						2021						2022						2021						2022						2021						2022						2021
Three Months Ended June 30
Major revenue categories -
Project-driven products			$	41,098					$	31,826					$	—					$	—					$	—					$	—					$	41,098					$	31,826
Short-cycle:
Completion products and services			15,277						10,447						50,751						39,083						30,548						26,760						96,576						76,290
Drilling services			—						—						4,068						2,973						—						—						4,068						2,973
Other products			8,334						5,583						—						—						—						—						8,334						5,583
Total short-cycle			23,611						16,030						54,819						42,056						30,548						26,760						108,978						84,846
Other products and services			31,758						29,052						—						—						—						—						31,758						29,052
			$	96,467					$	76,908					$	54,819					$	42,056					$	30,548					$	26,760					$	181,834					$	145,724

			Offshore/Manufactured Products												Well Site Services												Downhole Technologies												Total
			2022						2021						2022						2021						2022						2021						2022						2021
Six Months Ended June 30
Major revenue categories -
Project-driven products			$	74,942					$	53,200					$	—					$	—					$	—					$	—					$	74,942					$	53,200
Short-cycle:
Completion products and services			28,857						18,561						95,917						77,882						62,308						52,190						187,082						148,633
Drilling services			—						—						7,074						3,724						—						—						7,074						3,724
Other products			15,378						9,719						—						—						—						—						15,378						9,719
Total short-cycle			44,235						28,280						102,991						81,606						62,308						52,190						209,534						162,076
Other products and services			61,402						56,037						—						—						—						—						61,402						56,037
			$	180,579					$	137,517					$	102,991					$	81,606					$	62,308					$	52,190					$	345,878					$	271,313

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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