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Business Segments (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Income Statement by Segment

Summary financial data by segment follows (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Revenue:
Drilling & Downhole			$	76,493					$	61,570					147,753						110,226
Completions			66,079						46,516						118,621						84,359
Production			29,879						29,337						61,384						57,368
Eliminations			(205)						(3)						(338)						(16)
Total revenue			$	172,246					$	137,420					$	327,420					$	251,937
Operating income (loss):
Drilling & Downhole			$	8,528					$	2,701					$	14,514					$	(1,805)
Completions			3,587						(370)						2,872						(302)
Production			(154)						(4,041)						(1,906)						(7,882)
Corporate			(6,885)						(8,270)						(16,090)						(15,280)
Segment operating income (loss)			5,076						(9,980)						(610)						(25,269)
Gain on disposal of assets and other			(908)						(360)						(886)						(1,269)
Operating income (loss)			$	5,984					$	(9,620)					$	276					$	(24,000)

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

			June 30, 2022						December 31, 2021
Drilling & Downhole			$	321,757					$	313,493
Completions			373,099						351,908
Production			86,487						83,150
Corporate			26,149						42,785
Total assets			$	807,492					$	791,336

Schedule of Disaggregation of Revenue

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Drilling Technologies			$	33,540					$	27,624					$	62,775					$	46,144
Downhole Technologies			21,422						16,613						40,986						31,706
Subsea Technologies			21,531						17,333						43,992						32,376
Stimulation and Intervention			37,337						24,354						67,496						43,056
Coiled Tubing			28,742						22,162						51,125						41,303
Production Equipment			16,425						17,399						31,592						31,793
Valve Solutions			13,454						11,938						29,792						25,575
Eliminations			(205)						(3)						(338)						(16)
Total revenue			$	172,246					$	137,420					$	327,420					$	251,937

Schedule of Revenue by Geography

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
United States			$	114,626					$	77,400					$	211,858					$	145,714
Canada			10,203						10,120						21,592						19,081
Europe & Africa			15,518						15,563						30,895						28,227
Middle East			14,796						11,939						25,949						22,280
Asia-Pacific			8,367						14,915						17,426						23,795
Latin America			8,736						7,483						19,700						12,840
Total Revenue			$	172,246					$	137,420					$	327,420					$	251,937

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