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Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Income Statement by Segment | Summary financial data by segment follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenue: |  |  |  |  |  |  |
Drilling & Downhole | $ | 43,164 |  |  | $ | 88,294 |  |  | 166,990 |  |  | 256,586 |
Completions | 19,632 |  |  | 70,637 |  |  | 88,038 |  |  | 246,816 |
Production | 40,836 |  |  | 81,022 |  |  | 145,038 |  |  | 256,272 |
Eliminations | (26) |  |  | (687) |  |  | (553) |  |  | (2,918) |
Total revenue | $ | 103,606 |  |  | $ | 239,266 |  |  | $ | 399,513 |  |  | $ | 756,756 |
Operating loss |  |  |  |  |  |  |
Drilling & Downhole | $ | (13,207) |  |  | $ | 4,342 |  |  | $ | (26,751) |  |  | $ | 3,185 |
Completions | (11,896) |  |  | (109) |  |  | (47,027) |  |  | 9,583 |
Production | (70) |  |  | 2,301 |  |  | (9,306) |  |  | 10,225 |
Corporate | (7,706) |  |  | (7,410) |  |  | (23,326) |  |  | (22,711) |
Segment operating income (loss) | (32,879) |  |  | (876) |  |  | (106,410) |  |  | 282 |
Transaction expenses | 665 |  |  | 254 |  |  | 852 |  |  | 972 |
Impairments of goodwill, intangible assets, property and equipment | 2,962 |  |  | 532,336 |  |  | 20,394 |  |  | 532,336 |
Contingent consideration benefit | — |  |  | — |  |  | — |  |  | (4,629) |
Loss (gain) on disposal of assets and other | 541 |  |  | (107) |  |  | (180) |  |  | (71) |
Operating loss | $ | (37,047) |  |  | $ | (533,359) |  |  | $ | (127,476) |  |  | $ | (528,326) |
A summary of consolidated assets by reportable segment is as follows (in thousands):
| September 30, 2020 |  | December 31, 2019
Drilling & Downhole | $ | 345,980 |  |  | $ | 407,779 |
Completions | 406,325 |  |  | 496,714 |
Production | 142,841 |  |  | 186,786 |
Corporate | 28,875 |  |  | 68,718 |
Total assets | $ | 924,021 |  |  | $ | 1,159,997 |
Schedule of Disaggregation of Revenue | The following table presents our revenues disaggregated by product line (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Drilling Technologies | $ | 17,467 |  |  | $ | 43,192 |  |  | $ | 74,076 |  |  | $ | 122,429 |
Downhole Technologies | 13,376 |  |  | 29,031 |  |  | 51,000 |  |  | 88,241 |
Subsea Technologies | 12,321 |  |  | 16,071 |  |  | 41,914 |  |  | 45,916 |
Stimulation and Intervention | 9,375 |  |  | 36,396 |  |  | 42,371 |  |  | 134,605 |
Coiled Tubing | 10,257 |  |  | 34,241 |  |  | 45,667 |  |  | 112,211 |
Production Equipment | 15,498 |  |  | 29,143 |  |  | 53,677 |  |  | 98,720 |
Valve Solutions | 25,338 |  |  | 51,879 |  |  | 91,361 |  |  | 157,552 |
Eliminations | (26) |  |  | (687) |  |  | (553) |  |  | (2,918) |
Total revenue | $ | 103,606 |  |  | $ | 239,266 |  |  | $ | 399,513 |  |  | $ | 756,756 |
Schedule of Revenue by Geography | The following table presents our revenues disaggregated by geography (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
United States | $ | 62,311 |  |  | $ | 159,407 |  |  | $ | 256,497 |  |  | $ | 540,074 |
Canada | 5,574 |  |  | 19,256 |  |  | 25,125 |  |  | 49,473 |
Europe & Africa | 6,153 |  |  | 13,837 |  |  | 25,757 |  |  | 49,249 |
Middle East | 11,156 |  |  | 16,561 |  |  | 34,303 |  |  | 48,306 |
Asia-Pacific | 11,337 |  |  | 21,662 |  |  | 34,160 |  |  | 47,880 |
Latin America | 7,075 |  |  | 8,543 |  |  | 23,671 |  |  | 21,774 |
Total Revenue | $ | 103,606 |  |  | $ | 239,266 |  |  | $ | 399,513 |  |  | $ | 756,756 |

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