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Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Reportable Segments Financial 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

Schedule of Reconciliation of Operating Profit (Loss) from Segments
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
)