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Segments and Related Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by operating segment for the three and nine months ended September 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 September 30, 2022 |  |  |  |  |  |  |  |  |
Offshore/Manufactured Products(1) | $ | 96,037 |  |  | $ | 5,072 |  |  | $ | 13,373 |  |  | $ | 1,620 |  |  | $ | 540,940 |
Well Site Services | 60,509 |  |  | 6,732 |  |  | 2,359 |  |  | 4,894 |  |  | 205,018 |
Downhole Technologies | 32,848 |  |  | 4,442 |  |  | (342) |  |  | 273 |  |  | 257,676 |
Corporate | — |  |  | 167 |  |  | (10,332) |  |  | 23 |  |  | 46,736 |
Total | $ | 189,394 |  |  | $ | 16,413 |  |  | $ | 5,058 |  |  | $ | 6,810 |  |  | $ | 1,050,370 |
| 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 |
Well Site Services | 45,998 |  |  | 9,531 |  |  | (5,250) |  |  | 2,203 |  |  | 210,601 |
Downhole Technologies(2) | 25,527 |  |  | 4,226 |  |  | (5,035) |  |  | 378 |  |  | 275,095 |
Corporate | — |  |  | 238 |  |  | (7,618) |  |  | 408 |  |  | 80,309 |
Total | $ | 140,528 |  |  | $ | 19,657 |  |  | $ | (16,139) |  |  | $ | 3,666 |  |  | $ | 1,091,899 |
________________ (1)Operating income included a $6.1 million gain on settlement of outstanding litigation against certain service providers. (2)Operating loss included a non-cash inventory impairment charge of $2.1 million.
| Revenues |  | Depreciation and amortization |  | Operating income (loss) |  | Capital expenditures |  | Total assets
Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |
Offshore/Manufactured Products(1) | $ | 276,616 |  |  | $ | 15,651 |  |  | $ | 33,010 |  |  | $ | 3,093 |  |  | $ | 540,940 |
Well Site Services | 163,500 |  |  | 22,059 |  |  | (435) |  |  | 9,360 |  |  | 205,018 |
Downhole Technologies | 95,156 |  |  | 13,249 |  |  | (3,332) |  |  | 657 |  |  | 257,676 |
Corporate | — |  |  | 510 |  |  | (29,611) |  |  | 153 |  |  | 46,736 |
Total | $ | 535,272 |  |  | $ | 51,469 |  |  | $ | (368) |  |  | $ | 13,263 |  |  | $ | 1,050,370 |
| 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 |
Well Site Services(2) | 127,604 |  |  | 31,641 |  |  | (26,693) |  |  | 7,410 |  |  | 210,601 |
Downhole Technologies(3) | 77,717 |  |  | 13,136 |  |  | (8,945) |  |  | 658 |  |  | 275,095 |
Corporate | — |  |  | 621 |  |  | (25,526) |  |  | 977 |  |  | 80,309 |
Total | $ | 411,841 |  |  | $ | 62,086 |  |  | $ | (53,519) |  |  | $ | 10,977 |  |  | $ | 1,091,899 |
________________ (1)Operating income included a $6.1 million gain on settlement of outstanding litigation against certain service providers. (2)Operating loss included non-cash fixed and lease asset impairment charges of $3.4 million. (3)Operating loss included a non-cash inventory impairment charge of $2.1 million.
Schedule of 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, 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 September 30 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Major revenue categories - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Project-driven products | $ | 38,911 |  |  | $ | 25,294 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 38,911 |  |  | $ | 25,294 |
Short-cycle: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Completion products and services | 15,036 |  |  | 11,544 |  |  | 53,928 |  |  | 42,714 |  |  | 32,848 |  |  | 25,527 |  |  | 101,812 |  |  | 79,785 |
Drilling services | — |  |  | — |  |  | 6,581 |  |  | 3,284 |  |  | — |  |  | — |  |  | 6,581 |  |  | 3,284 |
Other products | 8,674 |  |  | 7,138 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,674 |  |  | 7,138 |
Total short-cycle | 23,710 |  |  | 18,682 |  |  | 60,509 |  |  | 45,998 |  |  | 32,848 |  |  | 25,527 |  |  | 117,067 |  |  | 90,207 |
Other products and services | 33,416 |  |  | 25,027 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 33,416 |  |  | 25,027 |
| $ | 96,037 |  |  | $ | 69,003 |  |  | $ | 60,509 |  |  | $ | 45,998 |  |  | $ | 32,848 |  |  | $ | 25,527 |  |  | $ | 189,394 |  |  | $ | 140,528 |
| Offshore/Manufactured Products |  | Well Site Services |  | Downhole Technologies |  | Total
| 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021
Nine Months Ended September 30 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Major revenue categories - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Project-driven products | $ | 113,853 |  |  | $ | 78,494 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 113,853 |  |  | $ | 78,494 |
Short-cycle: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Completion products and services | 43,893 |  |  | 30,105 |  |  | 149,845 |  |  | 120,596 |  |  | 95,156 |  |  | 77,717 |  |  | 288,894 |  |  | 228,418 |
Drilling services | — |  |  | — |  |  | 13,655 |  |  | 7,008 |  |  | — |  |  | — |  |  | 13,655 |  |  | 7,008 |
Other products | 24,052 |  |  | 16,857 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 24,052 |  |  | 16,857 |
Total short-cycle | 67,945 |  |  | 46,962 |  |  | 163,500 |  |  | 127,604 |  |  | 95,156 |  |  | 77,717 |  |  | 326,601 |  |  | 252,283 |
Other products and services | 94,818 |  |  | 81,064 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 94,818 |  |  | 81,064 |
| $ | 276,616 |  |  | $ | 206,520 |  |  | $ | 163,500 |  |  | $ | 127,604 |  |  | $ | 95,156 |  |  | $ | 77,717 |  |  | $ | 535,272 |  |  | $ | 411,841 |

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