XML 52 R27.htm IDEA: XBRL DOCUMENT v3.20.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts
A summary of our allowance for doubtful accounts is as follows:

 Year Ended December 31,
($ in thousands)201920182017
Beginning balance$(291) $(569) $(597) 
Accruals(664) —  (90) 
Recoveries—  185  —  
Write-offs37  93  118  
Ending balance(918) (291) (569) 
Disaggregation of Revenue
The following table shows the Company's revenue disaggregated by product or service type for the years ended:
Year Ended December 31,
(in thousands)
201920182017
Compressors - sales
$15,185  $10,994  $13,382  
Flares - sales
959  2,535  2,755  
Other (Parts/Rebuilds) - sales
3,619  2,740  4,071  
Service and maintenance 1,980  1,443  1,439  
Total revenue from contracts with customers
21,743  17,712  21,647  
Add: ASC 842 rental revenue56,701  47,766  46,046  
Total revenue
$78,444  $65,478  $67,693  
Contract with Customer, Asset and Liability
As of December 31, 2019 and December 31, 2018, we had the following receivables and deferred income from contracts with customers:

December 31, 2019December 31, 2018
(in thousands)
Accounts Receivable
Accounts receivable - contracts with customers$3,061  $2,390  
Accounts receivable - ASC 8426,963  5,120  
Total Accounts Receivable10,024  7,510  
Less: Allowance for doubtful accounts(918) (291) 
Total Accounts Receivable, net9,106  7,219  
Deferred income$640  $81  
Cumulative Effect of Changes from Adoption of ASU
The cumulative effect of the changes made to our consolidated balance sheet at January 1, 2019, for the adoption of ASC 842 was as follows (in thousands):

Balance at December 31, 2018 Adjustments due to ASC 842 Balance at January 1, 2019
Balance Sheet
Assets
Right of use assets$—  $451  $451  
Liabilities
Current portion of operating leases$—  $126  $126  
Long term portion of operating leases—  325  325  
Total lease liabilities$—  $451  $451  
Schedule of Identified Finite-Lived Intangible Assets, Finite Lived
The following table represents the identified intangible assets by major asset class (in thousands):

 December 31, 2019December 31, 2018
Useful Life (years) Gross Carrying Value  Accumulated Amortization  Net Book Value  Gross Carrying Value  Accumulated Amortization  Net Book Value  
Developed Technology20$2,505  $1,883  $622  $2,505  $1,758  $747  
Trade NameIndefinite654  —  654  654  —  654  
Total$3,159  $1,883  $1,276  $3,159  $1,758  $1,401  
Schedule of Identified Indefinite-Lived Intangible Assets
The following table represents the identified intangible assets by major asset class (in thousands):

 December 31, 2019December 31, 2018
Useful Life (years) Gross Carrying Value  Accumulated Amortization  Net Book Value  Gross Carrying Value  Accumulated Amortization  Net Book Value  
Developed Technology20$2,505  $1,883  $622  $2,505  $1,758  $747  
Trade NameIndefinite654  —  654  654  —  654  
Total$3,159  $1,883  $1,276  $3,159  $1,758  $1,401  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted (loss) earnings per share (in thousands, except per share amounts):

 Year Ended December 31,
 201920182017
Numerator:   
Net (loss) income$(13,864) $(466) $19,794  
Denominator for basic net (loss) income per common share:   
Weighted average common shares outstanding13,114  12,965  12,831  
Denominator for diluted net (loss) income per share:   
Weighted average common shares outstanding13,114  12,965  12,831  
Dilutive effect of stock options and restricted shares—  —  279  
Diluted weighted average shares13,114  12,965  13,110  
(Loss) earnings per common share:   
Basic$(1.06) $(0.04) $1.54  
Diluted$(1.06) $(0.04) $1.51