Segment Reporting

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Reporting

19. SEGMENT REPORTING

We operate our business in two reportable segments. These complementary segments provide different services and products and utilize different technologies for improving reservoir performance and increasing oil and gas recovery from new and existing fields.

• Reservoir Description: Encompasses the characterization of petroleum reservoir rock, fluid and gas samples to increase production and improve recovery of oil and gas from our clients' reservoirs. We provide laboratory based analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry. We also provide proprietary and joint industry studies based on these types of analysis.

• Production Enhancement: Includes services and products relating to reservoir well completions, perforations, stimulations and production. We provide integrated diagnostic services to evaluate and monitor the effectiveness of well completions and to develop solutions aimed at increasing the effectiveness of enhanced oil recovery projects.

Results for these segments are presented below. We use the same accounting policies to prepare our segment results as are used to prepare our Consolidated Financial Statements. All interest and other non-operating income (expense) is attributable to Corporate & Other and is not allocated to specific segments. Summarized financial information concerning our segments is shown in the following table (in thousands):

	Reservoir Description		Production Enhancement			Corporate & Other 1			Consolidated
Three months ended September 30, 2020
Revenue from unaffiliated clients	$	80,060	$	25,322		$	—		$	105,382
Inter-segment revenue		43		39			(82	)		—
Segment operating income (loss)		11,022		(321	)		630			11,331
Total assets (at end of period)		306,369		128,832			155,613			590,814
Capital expenditures		1,377		641			154			2,172
Depreciation and amortization		3,391		1,512			261			5,164
Three months ended September 30, 2019
Revenue from unaffiliated clients	$	109,339	$	63,861		$	—		$	173,200
Inter-segment revenue		99		199			(298	)		—
Segment operating income		18,835		11,456			916			31,207
Total assets (at end of period)		347,475		287,431			152,790			787,696
Capital expenditures		3,260		1,982			65			5,307
Depreciation and amortization		3,684		1,650			363			5,697
Nine months ended September 30, 2020
Revenue from unaffiliated clients	$	271,203	$	102,315		$	—		$	373,518
Inter-segment revenue		205		443			(648	)		—
Segment operating income (loss)		35,618		(137,944	)		2,117			(100,209	)
Total assets (at end of period)		306,369		128,832			155,613			590,814
Capital expenditures		4,609		3,753			216			8,578
Depreciation and amortization		10,364		4,860			806			16,030
Nine months ended September 30, 2019
Revenue from unaffiliated clients	$	318,280	$	193,152		$	—		$	511,432
Inter-segment revenue		346		419			(765	)		—
Segment operating income		40,892		31,792			2,945			75,629
Total assets (at end of period)		347,475		287,431			152,790			787,696
Capital expenditures		7,906		9,114			517			17,537
Depreciation and amortization		11,505		4,377			1,188			17,070
(1) "Corporate & Other" represents those items that are not directly related to a particular segment, eliminations and the assets and liabilities of discontinued operations.