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Business Segments (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summary financial data by segment follows (in thousands):

		Year ended December 31,
		2018				2017				2016
Revenue:
Drilling & Downhole		$	334,019			$	310,523			$	283,010
Completions		373,107				184,182				72,241
Production		361,407				327,287				233,754
Eliminations		(4,314		)		(3,372		)		(1,370		)
Total revenue		$	1,064,219			$	818,620			$	587,635
Segment operating income (loss):
Drilling & Downhole		$	(33,335	)		$	(47,106	)		$	(62,439	)
Completions		31,924				8,797				(36,225		)
Production		6,022				7,811				655
Corporate		(35,079		)		(33,427		)		(27,440		)
Total segment operating loss		(30,468		)		(63,925		)		(125,449		)
Goodwill and intangible asset impairments		363,522				69,062				—
Transaction expenses		3,446				6,511				865
Loss (gain) on disposal of assets and other		(438		)		2,097				2,638
Operating loss		$	(396,998	)		$	(141,595	)		$	(128,952	)
Depreciation and amortization
Drilling & Downhole		$	31,985			$	38,463			$	41,231
Completions		33,943				17,631				13,145
Production		8,407				8,608				6,738
Corporate		173				427				646
Total depreciation and amortization		$	74,508			$	65,129			$	61,760

A summary of capital expenditures by reportable segment is as follows (in thousands):

		Year ended December 31,
Capital expenditures		2018				2017				2016
Drilling & Downhole		$	8,067			$	7,093			$	8,232
Completions		4,997				4,789				2,099
Production		4,877				6,855				1,953
Corporate		6,102				7,972				4,544
Total capital expenditures		$	24,043			$	26,709			$	16,828

A summary of consolidated assets by reportable segment is as follows (in thousands):

		Year ended December 31,
Assets		2018				2017				2016
Drilling & Downhole		$	663,414			$	1,057,378			$	1,145,426
Completions		872,731				790,255				317,016
Production		243,354				251,685				175,940
Corporate		50,153				95,910				196,810
Total assets		$	1,829,652			$	2,195,228			$	1,835,192

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

A summary of long-lived assets by country is as follows (in thousands):

		Year ended December 31,
Long-lived assets:		2018				2017				2016
United States		$	868,295			$	1,087,381			$	809,545
Europe & Africa		100,451				213,008				184,768
Canada		87,221				88,280				79,403
Asia-Pacific		984				7,984				7,855
Middle East		6,049				7,362				3,175
Latin America		635				832				730
Total long-lived assets		$	1,063,635			$	1,404,847			$	1,085,476

The following table presents our revenues disaggregated by geography based on shipping destination (in thousands):

		Year ended December 31,
		2018						2017						2016
Revenue:		$			%			$			%			$			%
United States		$	811,724		76.3	%		$	621,445		76.0	%		$	361,941		61.7	%
Canada		68,635			6.4	%		60,898			7.4	%		42,520			7.2	%
Europe & Africa		57,632			5.4	%		61,134			7.5	%		77,847			13.2	%
Middle East		54,541			5.1	%		25,634			3.1	%		25,975			4.4	%
Asia-Pacific		46,503			4.4	%		28,694			3.5	%		51,880			8.8	%
Latin America		25,184			2.4	%		20,815			2.5	%		27,472			4.7	%
Total Revenue		$	1,064,219		100.0	%		$	818,620		100.0	%		$	587,635		100.0	%

Revenue from External Customers by Products and Services

The following table presents our revenues disaggregated by product line (in thousands):

		Year ended December 31,
		2018						2017						2016
Revenue:		$			%			$			%			$			%
Drilling Technologies		$	178,260		16.6	%		$	168,816		20.6	%		$	135,051		23.3	%
Downhole Technologies		104,974			9.9	%		76,010			9.3	%		59,545			10.1	%
Subsea Technologies		50,785			4.8	%		65,697			8.0	%		88,414			15.0	%
Stimulation and Intervention		228,721			21.5	%		148,666			18.2	%		72,241			12.3	%
Coiled Tubing		144,386			13.6	%		35,516			4.3	%		—			—	%
Production Equipment		141,169			13.3	%		124,323			15.2	%		77,166			13.1	%
Valve Solutions		220,238			20.7	%		202,964			24.8	%		156,588			26.6	%
Eliminations		(4,314		)	(0.4	)%		(3,372		)	(0.4	)%		(1,370		)	(0.4	)%
Total revenue		$	1,064,219		100.0	%		$	818,620		100.0	%		$	587,635		100.0	%

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- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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