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Business Segments
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company reports results of operations in the following three reporting segments: Drilling & Downhole, Completions and Production. The amounts indicated below as “Corporate” relate to costs and assets not allocated to the reportable segments. Summary financial data by segment follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended September 30,
2020201920202019
Revenue:
Drilling & Downhole$43,164 $88,294 166,990 256,586 
Completions19,632 70,637 88,038 246,816 
Production40,836 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)$3,185 
Completions(11,896)(109)(47,027)9,583 
Production(70)2,301 (9,306)10,225 
Corporate(7,706)(7,410)(23,326)(22,711)
Segment operating income (loss)(32,879)(876)(106,410)282 
Transaction expenses665 254 852 972 
Impairments of goodwill, intangible assets, property and equipment2,962 532,336 20,394 532,336 
Contingent consideration benefit— — — (4,629)
Loss (gain) on disposal of assets and other541 (107)(180)(71)
Operating loss$(37,047)$(533,359)$(127,476)$(528,326)
A summary of consolidated assets by reportable segment is as follows (in thousands):
September 30, 2020December 31, 2019
Drilling & Downhole$345,980 $407,779 
Completions406,325 496,714 
Production142,841 186,786 
Corporate28,875 68,718 
Total assets$924,021 $1,159,997 
Corporate assets primarily include cash, certain prepaid assets and deferred loan costs.
The following table presents our revenues disaggregated by product line (in thousands):
Three Months Ended
September 30,
Nine Months Ended September 30,
2020201920202019
Drilling Technologies$17,467 $43,192 $74,076 $122,429 
Downhole Technologies13,376 29,031 51,000 88,241 
Subsea Technologies12,321 16,071 41,914 45,916 
Stimulation and Intervention9,375 36,396 42,371 134,605 
Coiled Tubing10,257 34,241 45,667 112,211 
Production Equipment15,498 29,143 53,677 98,720 
Valve Solutions25,338 51,879 91,361 157,552 
Eliminations(26)(687)(553)(2,918)
Total revenue$103,606 $239,266 $399,513 $756,756 
The following table presents our revenues disaggregated by geography (in thousands):
Three Months Ended
September 30,
Nine Months Ended September 30,
2020201920202019
United States$62,311 $159,407 $256,497 $540,074 
Canada5,574 19,256 25,125 49,473 
Europe & Africa6,153 13,837 25,757 49,249 
Middle East11,156 16,561 34,303 48,306 
Asia-Pacific11,337 21,662 34,160 47,880 
Latin America7,075 8,543 23,671 21,774 
Total Revenue$103,606 $239,266 $399,513 $756,756