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Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of Income Statement by Segment | Summary financial data by segment follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Revenue: |  |  |  |  |  |  |
Drilling & Downhole |  |  |  |  | 71,260 |  |  | 48,656 |
Completions |  |  |  |  | 52,542 |  |  | 37,843 |
Production |  |  |  |  | 31,505 |  |  | 28,031 |
Eliminations |  |  |  |  | (133) |  |  | (13) |
Total revenue |  |  |  |  | $ | 155,174 |  |  | $ | 114,517 |
Operating income (loss): |  |  |  |  |  |  |
Drilling & Downhole |  |  |  |  | $ | 5,986 |  |  | $ | (4,506) |
Completions |  |  |  |  | (715) |  |  | 68 |
Production |  |  |  |  | (1,752) |  |  | (3,841) |
Corporate |  |  |  |  | (9,205) |  |  | (7,010) |
Segment operating loss |  |  |  |  | (5,686) |  |  | (15,289) |
Loss (gain) on disposal of assets and other |  |  |  |  | 22 |  |  | (909) |
Operating loss |  |  |  |  | $ | (5,708) |  |  | $ | (14,380) |
A summary of consolidated assets by reportable segment is as follows (in thousands):
| March 31, 2022 |  | December 31, 2021
Drilling & Downhole | $ | 313,151 |  |  | $ | 313,493 |
Completions | 365,450 |  |  | 351,908 |
Production | 88,011 |  |  | 83,150 |
Corporate | 24,317 |  |  | 42,785 |
Total assets | $ | 790,929 |  |  | $ | 791,336 |
Schedule of Disaggregation of Revenue | The following table presents our revenues disaggregated by product line (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Drilling Technologies |  |  |  |  | $ | 29,235 |  |  | $ | 18,520 |
Downhole Technologies |  |  |  |  | 19,564 |  |  | 15,093 |
Subsea Technologies |  |  |  |  | 22,461 |  |  | 15,043 |
Stimulation and Intervention |  |  |  |  | 30,159 |  |  | 18,702 |
Coiled Tubing |  |  |  |  | 22,383 |  |  | 19,141 |
Production Equipment |  |  |  |  | 15,167 |  |  | 14,394 |
Valve Solutions |  |  |  |  | 16,338 |  |  | 13,637 |
Eliminations |  |  |  |  | (133) |  |  | (13) |
Total revenue |  |  |  |  | $ | 155,174 |  |  | $ | 114,517 |
Schedule of Revenue by Geography | The following table presents our revenues disaggregated by geography (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
United States |  |  |  |  | $ | 97,232 |  |  | $ | 68,314 |
Canada |  |  |  |  | 11,389 |  |  | 8,961 |
Europe & Africa |  |  |  |  | 15,377 |  |  | 12,664 |
Middle East |  |  |  |  | 11,153 |  |  | 10,341 |
Asia-Pacific |  |  |  |  | 9,059 |  |  | 8,880 |
Latin America |  |  |  |  | 10,964 |  |  | 5,357 |
Total Revenue |  |  |  |  | $ | 155,174 |  |  | $ | 114,517 |

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