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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

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- 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
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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