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Business Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information
The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands): 
 
 
Completion
 
 
 
 
 
 
 
 
 
 
 
 
and Remedial
 
Fluid
 
Well
 
Contract
 
Corporate and
 
 
 
 
Services
 
Services
 
Servicing
 
Drilling
 
Other
 
Total
Three Months Ended June 30, 2016 (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
36,228

 
45,491

 
36,824

 
1,461

 
$
—

 
$
120,004

Direct operating costs
 
(32,860
)
 
(38,619
)
 
(31,847
)
 
(1,368
)
 
—

 
$
(104,694
)
Segment profits
 
$
3,368

 
$
6,872

 
$
4,977

 
$
93

 
$
—

 
$
15,310

Depreciation and amortization
 
$
18,954

 
$
16,145

 
$
13,886

 
$
3,201

 
$
2,661

 
$
54,847

Capital expenditures (excluding acquisitions)
 
$
935

 
$
3,031

 
$
2,303

 
$
—

 
$
1,526

 
$
7,795

Three Months Ended June 30, 2015 (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
69,056

 
$
63,704

 
$
56,500

 
$
4,336

 
$
—

 
$
193,596

Direct operating costs
 
(57,670
)
 
(48,381
)
 
(47,035
)
 
(3,488
)
 
—

 
(156,574
)
Segment profits
 
$
11,386

 
$
15,323

 
$
9,465

 
$
848

 
$
—

 
$
37,022

Depreciation and amortization
 
$
21,056

 
$
17,515

 
$
15,284

 
$
3,512

 
$
2,864

 
$
60,231

Capital expenditures (excluding acquisitions)
 
$
2,274

 
$
2,710

 
$
2,892

 
$
236

 
$
1,831

 
$
9,943

Six Months Ended June 30, 2016 (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
75,924

 
95,741

 
75,731

 
2,965

 
$
—

 
$
250,361

Direct operating costs
 
(67,648
)
 
(79,786
)
 
(66,318
)
 
(2,929
)
 
—

 
$
(216,681
)
Segment profits
 
$
8,276

 
$
15,955

 
$
9,413

 
$
36

 
$
—

 
$
33,680

Depreciation and amortization
 
$
38,359

 
$
32,673

 
$
28,102

 
$
6,479

 
$
5,386

 
$
110,999

Capital expenditures (excluding acquisitions)
 
$
1,511

 
$
6,178

 
$
3,454

 
$
113

 
$
2,506

 
$
13,762

Identifiable assets
 
$
324,114

 
$
227,006

 
$
209,498

 
$
45,976

 
$
271,764

 
$
1,078,358

Six Months Ended June 30, 2015 (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
181,831

 
$
137,506

 
$
120,168

 
$
15,812

 
$
—

 
$
455,317

Direct operating costs
 
(138,921
)
 
(102,512
)
 
(99,437
)
 
(11,014
)
 
—

 
(351,884
)
Segment profits
 
$
42,910

 
$
34,994

 
$
20,731

 
$
4,798

 
$
—

 
$
103,433

Depreciation and amortization
 
$
42,356

 
$
35,233

 
$
30,745

 
$
7,064

 
$
5,762

 
$
121,160

Capital expenditures (excluding acquisitions)
 
$
16,446

 
$
8,936

 
$
13,243

 
$
1,110

 
$
4,346

 
$
44,081

Identifiable assets
 
$
477,316

 
$
277,739

 
$
257,778

 
$
56,230

 
$
333,011

 
$
1,402,074


 
The following table reconciles the segment profits reported above to the operating loss as reported in the consolidated statements of operations (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Segment profits
 
$
15,310

 
$
37,022

 
$
33,680

 
$
103,433

General and administrative expenses
 
(27,078
)
 
(35,673
)
 
(56,640
)
 
(74,877
)
Depreciation and amortization
 
(54,847
)
 
(60,231
)
 
(110,999
)
 
(121,160
)
Gain (Loss) on disposal of assets
 
(336
)
 
57

 
(261
)
 
9

Operating loss
 
$
(66,951
)
 
$
(58,825
)
 
$
(134,220
)
 
$
(92,595
)