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Business Segment Information
 9 Months Ended
Sep. 30, 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
Water
Well
Contract
Corporate
 
 
Services
Logistics
Servicing
Drilling
 and Other
Total
Three Months Ended September 30, 2017 (Unaudited)
(Successor)
 
 
 
 
 
Operating revenues
$
123,650

52,333

54,629

2,848

—

$
233,460

Direct operating costs
(84,481
)
(41,281
)
(43,219
)
(2,547
)
—

(171,528
)
Segment profits
$
39,169

11,052

11,410

301

—

$
61,932

Depreciation and amortization
$
13,860

7,703

5,319

495

2,101

$
29,478

Capital expenditures (excluding acquisitions)
$
11,285

10,055

6,884

12

672

$
28,908

Three Months Ended September 30, 2016 (Unaudited)
(Predecessor)
 
 
 
 
 
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

Nine Months Ended September 30, 2017 (Unaudited)
(Successor)
 
 
 
 
 
Operating revenues
$
311,466

153,279

156,302

7,728

—

$
628,775

Direct operating costs
(232,932
)
(124,399
)
(125,931
)
(6,818
)
—

(490,080
)
Segment profits
$
78,534

28,880

30,371

910

—

$
138,695

Depreciation and amortization
$
38,013

21,127

14,589

1,357

5,760

$
80,846

Capital expenditures (excluding acquisitions)
$
69,342

26,392

20,377

30

1,920

$
118,061

Identifiable assets
$
263,407

135,338

107,511

8,643

346,246

$
861,145

Nine Months Ended September 30, 2016 (Unaudited)
(Predecessor)
 
 
 
 
 
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


 
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,
 
 
2017
 
 
2016
 
2017
 
 
2016
 
 
(Successor)
 
 
(Predecessor)
 
(Successor)
 
 
(Predecessor)
Segment profits
 
$
61,932

 
 
$
25,339

 
$
138,695

 
 
$
59,019

General and administrative expenses
 
(39,235
)
 
 
(30,065
)
 
(109,478
)
 
 
(86,706
)
Restructuring costs
 
—

 
 
(10,470
)
 
—

 
 
(10,470
)
Depreciation and amortization
 
(29,478
)
 
 
(53,142
)
 
(80,846
)
 
 
(164,141
)
Gain (loss) on disposal of assets
 
(26
)
 
 
128

 
664

 
 
(133
)
Goodwill impairment
 
—

 
 
(646
)
 
—

 
 
(646
)
Operating loss
 
$
(6,807
)
 
 
$
(68,856
)
 
$
(50,965
)
 
 
$
(203,077
)