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Segments and Related Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by operating segment for the three and six months ended June 30, 2023 and 2022 is summarized in the following tables (in thousands).

			Revenues						Depreciation and amortization						Operating income (loss)						Capital expenditures						Total assets
Three Months Ended June 30, 2023
Offshore/Manufactured Products			$	94,086					$	4,647					$	11,253					$	4,662					$	538,490
Well Site Services			64,536						6,564						4,732						5,672						204,437
Downhole Technologies			24,907						4,175						(2,536)						171						249,540
Corporate			—						151						(10,180)						265						52,553
Total			$	183,529					$	15,537					$	3,269					$	10,770					$	1,045,020

			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
Six Months Ended June 30, 2023
Offshore/Manufactured Products			$	192,285					$	9,315					$	22,343					$	5,197					$	538,490
Well Site Services			131,594						12,710						11,698						11,444						204,437
Downhole Technologies			55,849						8,450						(4,055)						420						249,540
Corporate			—						318						(20,842)						277						52,553
Total			$	379,728					$	30,793					$	9,144					$	17,338					$	1,045,020

			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

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 six months ended June 30, 2023 and 2022 (in thousands):

			Offshore/Manufactured Products												Well Site Services												Downhole Technologies												Total
			2023						2022						2023						2022						2023						2022						2023						2022
Three Months Ended June 30
Project-driven:
Products			$	32,210					$	41,098					$	—					$	—					$	—					$	—					$	32,210					$	41,098
Services			24,846						23,995						—						—						—						—						24,846						23,995
Total project-driven			57,056						65,093						—						—						—						—						57,056						65,093
Military and other products			7,965						7,763						—						—						—						—						7,965						7,763
Short-cycle:
Products			29,065						23,611						—						—						23,390						26,561						52,455						50,172
Services			—						—						64,536						54,819						1,517						3,987						66,053						58,806
Total short-cycle			29,065						23,611						64,536						54,819						24,907						30,548						118,508						108,978
			$	94,086					$	96,467					$	64,536					$	54,819					$	24,907					$	30,548					$	183,529					$	181,834

			Offshore/Manufactured Products												Well Site Services												Downhole Technologies												Total
			2023						2022						2023						2022						2023						2022						2023						2022
Six Months Ended June 30
Project-driven:
Products			$	71,342					$	74,942					$	—					$	—					$	—					$	—					$	71,342					$	74,942
Services			49,476						48,293						—						—						—						—						49,476						48,293
Total project-driven			120,818						123,235						—						—						—						—						120,818						123,235
Military and other products			14,962						13,109						—						—						—						—						14,962						13,109
Short-cycle:
Products			56,505						44,235						—						—						49,661						52,508						106,166						96,743
Services			—						—						131,594						102,991						6,188						9,800						137,782						112,791
Total short-cycle			56,505						44,235						131,594						102,991						55,849						62,308						243,948						209,534
			$	192,285					$	180,579					$	131,594					$	102,991					$	55,849					$	62,308					$	379,728					$	345,878

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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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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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

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