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Impairments of Long-Lived Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Impairment of Long-Lived Assets

Following is a summary of impairment charges recognized in our segments during the three months ended March 31, 2020 (in thousands):

									Three Months Ended March 31, 2020
Impairments of:																																	Drilling & Downhole						Completions						Production						Total Impairments
Property and equipment (1)																																	1,076						9,608						1,378						12,062
Intangible assets (2)																																	5,258						—						—						5,258
Operating lease right of use assets (3)																																	1,429						6,139						1,915						9,483
Total impairments																																	$	7,763					$	15,747					$	3,293					$	26,803

(1) These charges are included in Impairments of intangible assets, property and equipment in the condensed consolidated statements of comprehensive loss.

(2) These charges are included in Impairments of intangible assets, property and equipment in the condensed consolidated statements of comprehensive loss and include primarily customer relationships, technology and distributor relationships.

(3) $8.6 million of these charges are included in Cost of sales and $0.9 million are included in Selling, general and administrative expenses in the condensed consolidated statements of comprehensive loss.

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- Definition

Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-URI http://asc.fasb.org/extlink&oid=27011434&loc=d3e125687-122742

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- References

No definition available.

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