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Business Segment Information
 3 Months Ended
Mar. 31, 2017
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
 
 
Services
Services
Servicing
Drilling
 and Other
Total
Three Months Ended March 31, 2017 (Unaudited)
(Successor)
 
 
 
 
 
Operating revenues
$
80,431

50,206

48,619

2,763

$
—

$
182,019

Direct operating costs
(67,252
)
(41,538
)
(40,916
)
(2,408
)
—

$
(152,114
)
Segment profits
$
13,179

$
8,668

$
7,703

$
355

$
—

$
29,905

Depreciation and amortization
$
11,766

$
6,527

$
4,596

$
626

$
1,898

$
25,413

Capital expenditures (excluding acquisitions)
$
32,209

$
7,421

$
8,378

$
53

$
243

$
48,304

Identifiable assets
$
256,278

$
131,698

$
108,013

$
12,560

$
260,728

$
769,277

Three Months Ended March 31, 2016 (Unaudited)
(Predecessor)
 
 
 
 
 
Operating revenues
$
39,696

$
50,250

$
38,906

$
1,504

$
—

$
130,356

Direct operating costs
(34,788
)
(41,167
)
(34,470
)
(1,561
)
—

(111,986
)
Segment profits
$
4,908

$
9,083

$
4,436

$
(57
)
$
—

$
18,370

Depreciation and amortization
$
19,484

$
16,600

$
14,064

$
3,272

$
2,732

$
56,152

Capital expenditures (excluding acquisitions)
$
576

$
3,147

$
1,151

$
118

$
975

$
5,967

Identifiable assets
$
345,242

$
242,292

$
219,393

$
48,891

$
312,707

$
1,168,525


 
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 March 31,
 
 
2017
 
 
2016
 
 
(Successor)
 
 
(Predecessor)
Segment profits
 
$
29,905

 
 
$
18,370

General and administrative expenses
 
(34,205
)
 
 
(29,562
)
Depreciation and amortization
 
(25,413
)
 
 
(56,152
)
Gain on disposal of assets
 
467

 
 
75

Operating loss
 
$
(29,246
)
 
 
$
(67,269
)