Business Segment Information

9 Months Ended

Sep. 30, 2015

Business Segment Information [Abstract]

Business Segment Information

11. Business Segment Information

The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands):

	Completion
	And Remedial					Well	Contract		Corporate and
	Services		Fluid Services		Servicing		Drilling		Other		Total
Three Months Ended September 30, 2015 (Unaudited)
Operating revenues	$	67,240	$	62,631	$	55,533	$	3,843	$	—	$	189,247
Direct operating costs		(56,165)		(47,706)		(47,877)		(3,182)		—		(154,930)
Segment profits	$	11,075	$	14,925	$	7,656	$	661	$	—	$	34,317
Depreciation and amortization	$	21,163	$	17,638	$	15,061	$	3,536	$	2,930	$	60,328
Capital expenditures (excluding acquisitions)	$	4,574	$	6,851	$	3,421	$	1,353	$	684	$	16,883
Three Months Ended September 30, 2014 (Unaudited)
Operating revenues	$	193,699	$	92,852	$	91,119	$	16,285	$	—	$	393,955
Direct operating costs		(119,138)		(66,121)		(67,636)		(11,225)		—		(264,120)
Segment profits	$	74,561	$	26,731	$	23,483	$	5,060	$	—	$	129,835
Depreciation and amortization	$	17,530	$	16,709	$	14,263	$	3,332	$	2,651	$	54,485
Capital expenditures (excluding acquisitions)	$	62,579	$	25,010	$	14,614	$	2,033	$	(506)	$	103,730
Nine Months Ended September 30, 2015 (Unaudited)
Operating revenues	$	249,070	$	200,138	$	175,701	$	19,655	$	—	$	644,564
Direct operating costs		(195,086)		(150,218)		(147,314)		(14,197)		—		(506,815)
Segment profits	$	53,984	$	49,920	$	28,387	$	5,458	$	—	$	137,749
Depreciation and amortization	$	63,518	$	52,989	$	45,582	$	10,601	$	8,798	$	181,488
Capital expenditures (excluding acquisitions)	$	21,020	$	15,786	$	16,665	$	2,463	$	5,030	$	60,964
Identifiable assets	$	388,286	$	268,060	$	247,834	$	54,711	$	291,448	$	1,250,339
Nine Months Ended September 30, 2014 (Unaudited)
Operating revenues	$	495,550	$	276,001	$	273,660	$	45,162	$	—	$	1,090,373
Direct operating costs		(308,235)		(197,958)		(202,144)		(30,900)		—		(739,237)
Segment profits	$	187,315	$	78,043	$	71,516	$	14,262	$	—	$	351,136
Depreciation and amortization	$	50,827	$	48,445	$	41,355	$	9,661	$	7,687	$	157,975
Capital expenditures (excluding acquisitions)	$	131,962	$	46,050	$	37,876	$	5,641	$	3,345	$	224,874
Identifiable assets	$	515,145	$	316,152	$	274,831	$	58,872	$	440,849	$	1,605,849

The following table reconciles the segment profits reported above to the operating income (loss) as reported in the consolidated statements of operations (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Segment profits	$	34,317	$	129,835	$	137,749	$	351,136
General and administrative expenses		(35,984)		(41,516)		(110,861)		(124,028)
Depreciation and amortization		(60,328)		(54,485)		(181,488)		(157,975)
Loss on disposal of assets		(1,128)		(979)		(1,119)		(1,216)
Goodwill impairment		(81,877)		—		(81,877)		—
Operating income (loss)	$	(145,000)	$	32,855	$	(237,596)	$	67,917