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Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Financial Data by Segment and Assets by Reportable Segment

Summary financial data by segment follows (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Revenue
Drilling & Downhole			$	80,677					$	76,493					$	157,471					$	147,753
Completions			72,099						66,079						145,766						118,621
Production			33,046						29,879						72,041						61,384
Eliminations			(373)						(205)						(872)						(338)
Total revenue			$	185,449					$	172,246					$	374,406					$	327,420
Segment operating income
Drilling & Downhole			$	8,290					$	8,528					$	16,728					$	14,514
Completions			4,190						3,587						7,746						2,872
Production			1,114						(154)						2,743						(1,906)
Corporate			(6,645)						(6,885)						(13,677)						(16,090)
Total segment operating income (loss)			6,949						5,076						13,540						(610)
Loss (gain) on disposal of assets and other			542						(908)						282						(886)
Operating income			$	6,407					$	5,984					$	13,258					$	276

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

			June 30, 2023						December 31, 2022
Drilling & Downhole			$	353,678					$	340,819
Completions			371,824						366,771
Production			99,581						95,089
Corporate			18,627						32,078
Total assets			$	843,710					$	834,757

Schedule of Revenue from External Customers by Products and Services

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Drilling Technologies			$	45,265					$	33,540					$	86,042					$	62,775
Downhole Technologies			22,072						21,422						45,283						40,986
Subsea Technologies			13,340						21,531						26,146						43,992
Stimulation and Intervention			46,395						37,337						93,721						67,496
Coiled Tubing			25,704						28,742						52,045						51,125
Production Equipment			17,666						16,425						37,562						31,592
Valve Solutions			15,380						13,454						34,479						29,792
Eliminations			(373)						(205)						(872)						(338)
Total revenue			$	185,449					$	172,246					$	374,406					$	327,420

Schedule of Revenue Disaggregated by Geography

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
United States			$	119,544					$	114,626					$	248,730					$	211,858
Middle East			18,717						14,796						36,699						25,949
Canada			14,399						10,203						28,067						21,592
Europe & Africa			10,673						15,518						22,345						30,895
Latin America			12,265						8,736						21,033						19,700
Asia-Pacific			9,851						8,367						17,532						17,426
Total revenue			$	185,449					$	172,246					$	374,406					$	327,420

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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