XML 25 R26.htm IDEA: XBRL DOCUMENT
v3.19.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | We are engaged in the business of designing and manufacturing compressors and flares. Our compressors and flares are sold and rented to our customers. In addition, we provide service and maintenance on compressors in our fleet and to third parties. These business activities are similar in all geographic areas. Our manufacturing process is essentially the same for the entire Company and is performed in-house at our facilities in Midland, Texas and Tulsa, Oklahoma. Our customers primarily consist of entities in the business of producing natural gas and crude oil. The maintenance and service of our products is consistent across the entire Company and is performed via an internal fleet of vehicles. The regulatory environment is similar in every jurisdiction in that the most impacting regulations and practices are the result of federal energy policy. In addition, the economic characteristics of each customer arrangement are similar in that we maintain policies at the corporate level.
For the three months ended September 30, 2019 (in thousands): |  |  |  |  |  |  |  |  |  |  |
| Rental |  | Sales |  | Service & Maintenance |  |  |  | Corporate |  | Total
Revenue | $ | 14,434 |  |  | $ | 5,877 |  |  | $ | 541 |  |  |  |  | $ | — |  |  | $ | 20,852 |
Operating costs and corporate expenses | 6,300 |  |  | 4,390 |  |  | 164 |  |  |  |  | 18,697 |  |  | 29,551 |
Inventory Allowance | 987 |  |  | 2,363 |  |  | — |  |  |  |  | — |  |  | 3,350 |
Retirement of Rental Equipment | 1,512 |  |  | — |  |  | — |  |  |  |  | — |  |  | 1,512 |
Total other income, net | — |  |  | — |  |  | — |  |  |  |  | 89 |  |  | 89 |
Income before provision for income taxes | $ | 5,635 |  |  | $ | (876) |  |  | $ | 377 |  |  |  |  | $ | (18,608) |  |  | $ | (13,472) |
For the three months ended September 30, 2018 (in thousands): |  |  |  |  |  |  |  |  |  |  |
| Rental |  | Sales |  | Service & Maintenance |  |  |  | Corporate |  | Total
Revenue | $ | 12,039 |  |  | $ | 3,947 |  |  | $ | 410 |  |  |  |  | $ | — |  |  | $ | 16,396 |
Operating costs and corporate expenses | 5,363 |  |  | 3,081 |  |  | 107 |  |  |  |  | 7,889 |  |  | 16,440 |
Total other income, net | — |  |  | — |  |  | — |  |  |  |  | 180 |  |  | 180 |
Income before provision for income taxes | $ | 6,676 |  |  | $ | 866 |  |  | $ | 303 |  |  |  |  | $ | (7,709) |  |  | $ | 136 |
For the nine months ended September 30, 2019 (in thousands): |  |  |  |  |  |  |  |  |
| Rental |  | Sales |  | Service & Maintenance |  | Corporate |  | Total
Revenue | $ | 41,393 |  |  | $ | 15,816 |  |  | $ | 1,529 |  |  | $ | — |  |  | $ | 58,738 |
Operating costs and expenses | 18,544 |  |  | 12,508 |  |  | 470 |  |  | 35,113 |  |  | 66,635 |
Inventory Allowance | 987 |  |  | 2,363 |  |  | — |  |  | — |  |  | 3,350 |
Retirement of Rental Equipment | 1,512 |  |  | — |  |  | — |  |  | — |  |  | 1,512 |
Total other income, net | — |  |  | — |  |  | — |  |  | 567 |  |  | 567 |
Income before provision for income taxes | $ | 20,350 |  |  |  | $ | 945 |  |  |  | $ | 1,059 |  |  | $ | (34,546) |  |  |  | $ | (12,192) |
For the nine months ended September 30, 2018 (in thousands: |  |  |  |  |  |  |  |  |
| Rental |  | Sales |  | Service & Maintenance |  | Corporate |  | Total
Revenue | $ | 34,937 |  |  | $ | 13,328 |  |  | $ | 1,053 |  |  | $ | — |  |  | $ | 49,318 |
Operating costs and expenses | 15,262 |  |  | 10,196 |  |  | 273 |  |  | 23,055 |  |  | 48,786 |
Total other income, net | — |  |  | — |  |  | — |  |  | 179 |  |  | 179 |
Income before provision for income taxes | $ | 19,675 |  |  | $ | 3,132 |  |  | $ | 780 |  |  | $ | (22,876) |  |  | $ | 711 |

X
- Definition 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration