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Segments and Related Information (Tables)

9 Months Ended

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

X

- 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
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-Section 50
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+ References

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