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Business Segment Information (Tables)
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Financial Information with Respect to Reportable Segments
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
Reconciliation of Segment Profits to Consolidated Operating Loss
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
)