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Business Segment Information
 9 Months Ended
Sep. 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 September 30, 2016 (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
49,425

 
47,178

 
43,160

 
1,847

 
$
—

 
$
141,610

Direct operating costs
 
(40,292
)
 
(39,268
)
 
(35,028
)
 
(1,683
)
 
—

 
$
(116,271
)
Segment profits
 
$
9,133

 
$
7,910

 
$
8,132

 
$
164

 
$
—

 
$
25,339

Depreciation and amortization
 
$
18,383

 
$
15,584

 
$
13,491

 
$
3,109

 
$
2,575

 
$
53,142

Capital expenditures (excluding acquisitions)
 
$
3,178

 
$
8,244

 
$
2,622

 
$
69

 
$
182

 
$
14,295

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)
 
$
4,575

 
$
6,851

 
$
3,421

 
$
1,353

 
$
683

 
$
16,883

Nine Months Ended September 30, 2016 (Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Operating revenues
 
$
125,348

 
142,919

 
118,891

 
4,812

 
$
—

 
$
391,970

Direct operating costs
 
(107,941
)
 
(119,053
)
 
(101,345
)
 
(4,612
)
 
—

 
$
(332,951
)
Segment profits
 
$
17,407

 
$
23,866

 
$
17,546

 
$
200

 
$
—

 
$
59,019

Depreciation and amortization
 
$
56,782

 
$
48,133

 
$
41,669

 
$
9,603

 
$
7,954

 
$
164,141

Capital expenditures (excluding acquisitions)
 
$
4,689

 
$
14,422

 
$
6,076

 
$
182

 
$
2,689

 
$
28,058

Identifiable assets
 
$
308,989

 
$
216,202

 
$
200,451

 
$
43,566

 
$
233,840

 
$
1,003,048

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


 
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 September 30,
 
Nine Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Segment profits
 
$
25,339

 
$
34,317

 
$
59,019

 
$
137,749

General and administrative expenses
 
(30,065
)
 
(35,984
)
 
(86,706
)
 
(110,861
)
Restructuring costs
 
(10,470
)
 
—

 
(10,470
)
 
—

Depreciation and amortization
 
(53,142
)
 
(60,328
)
 
(164,141
)
 
(181,488
)
Gain (Loss) on disposal of assets
 
128

 
(1,128
)
 
(133
)
 
(1,119
)
Goodwill impairment
 
(646
)
 
(81,877
)
 
(646
)
 
(81,877
)
Operating loss
 
$
(68,856
)
 
$
(145,000
)
 
$
(203,077
)
 
$
(237,596
)