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Discontinued Operations
 12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
On December 12, 2019, based on the Company's evaluation of the demand for pressure pumping and contract drilling services, the Company's management decided to divest all of Basic's contract drilling rigs, and a majority of pressure pumping equipment and related ancillary equipment, with a net book value of $91.8 million. The Company believes this major strategic shift away from completions and pumping services will allow the Company to strengthen the core businesses of well servicing and water logistics, by reinvesting in those segments. As a result of this strategic shift, the Company recorded a non-cash impairment charge of $32.6 million in 2019 to write down the value of the assets. While pumping and related assets have been transferred to Assets Held for Sale on our Consolidated Balance Sheet, some real estate and equipment has been sold in the fourth quarter of 2019, with additional transactions to occur in the first half of 2020. In addition, the Company's contract drilling assets were divested through auctions in the third quarter of 2019, and an impairment of $3.2 million was recorded related to these transactions.
Assets and liabilities related to the divested operations have been reclassified in the Consolidated Balance Sheet for the years ended December 31, 2019, and 2018 are detailed in the table below (in thousands):
December 31, 2019December 31, 2018
Assets-held-for-sale
Inventories$2,069  $6,498  
Prepaid Expenses—  8,489  
Right of use assets1,659  —  
Property, plant and equipment, net50,496  —  
Total assets-held-for-sale discontinued operations$54,224  $14,987  
Assets-held-for-sale-future-use
Property, plant and equipment, net$—  $139,631  
Liabilities related to Assets-held-for-sale
Right of use liabilities1,659  —  
Capital leases3,589  10,983  
Total Liabilities related to Assets-held-for-sale discontinued operations$5,248  $10,983  

The operating results of the divested pressure pumping operations and contract drilling operations, which have historically been included in the Completions & Remedial Services and Other Services segments, have been reclassified as discontinued operations in the Consolidated Statement of Operations for the years ended December 31, 2019, and 2018, as detailed in the table below:
Consolidated Statement of Operations
(Dollars in thousands, except per share amounts)
December 31, 2019December 31, 2018
Continuing OperationsDiscontinued OperationsTotalContinuing OperationsDiscontinued OperationsTotal
Revenues:
Well Servicing$226,966  $—  $226,966  $250,982  $9  $250,991  
Water Logistics199,816  —  199,816  231,283  —  231,283  
Completion & Remedial Services140,468  134,474  274,942  171,300  298,156  469,456  
Other Services—  8,411  8,411  —  12,990  12,990  
Total revenues567,250  142,885  710,135  653,565  311,155  964,720  
Expenses:
Well Servicing186,782  (92) 186,690  203,785  (200) 203,585  
Water Logistics141,379  —  141,379  166,907  19  166,926  
Completion & Remedial Services98,654  127,950  226,604  109,713  256,062  365,775  
Other Services—  6,920  6,920  —  10,130  10,130  
General and administrative118,460  15,208  133,668  145,725  21,790  167,515  
Depreciation and amortization69,489  45,168  114,657  78,173  48,244  126,417  
Asset impairment —  35,801  35,801  —  —  —  
Loss (gain) on disposal of assets2,135  1,878  4,013  (4,918) 2,320  (2,598) 
Total expenses616,899  232,833  849,732  699,385  338,365  1,037,750  
Operating loss(49,649) (89,948) (139,597) (45,820) (27,210) (73,030) 
Other income (expense):
Loss on extinguishment of debt—  —  —  (26,429) —  (26,429) 
Interest expense(42,887) (583) (43,470) (45,161) (692) (45,853) 
Interest income509  —  509  364  —  364  
Other income647  34  681  537  41  578  
Loss before income taxes(91,380) (90,497) (181,877) (116,509) (27,861) (144,370) 
Income tax expense(21) —  (21) (227) —  (227) 
Loss from operations$(91,401) $(90,497) $(181,898) $(116,736) $(27,861) $(144,597) 
Net loss per share of common stock, basic and diluted$(3.50) $(3.46) $(6.96) $(4.41) $(1.05) $(5.46) 

Interest expense in discontinued operations related to interest expense on capital lease assets that operated in the discontinued Completions & Remedial Services and Other Services segments.
Applicable Consolidated Statements of Cash Flow information related to the divested operations for the years ended December 31, 2019 and 2018 are detailed in the table below (in thousands):
December 31, 2019December 31, 2018
Cash Flows from Discontinued Operations
Net cash provided (used) by operating activities$2,120  $37,691  
Net cash provided (used) in investing activities$133  $(23,074) 
Reconciling items for cash flows:
December 31, 2019
Continuing operationsDiscontinued operationsCash flows
Operating activities :
Inventory and other write-downs$5,266  $5,341  $10,607  
Loss on disposal of assets$2,135  $1,878  $4,013  
Investing activities:
Purchase of Property plant and equipment$(44,794) $(10,559) $(55,353) 
Proceeds from sales of assets$6,605  $10,692  $17,297  

Reconciling items for cash flows:
December 31, 2018
Continuing operationsDiscontinued operationsCash flows
Operating activities :
(Gain) Loss on disposal of assets$(4,918) $2,320  $(2,598) 
Investing activities:
Purchase of Property plant and equipment$(43,063) $(25,646) $(68,709) 
Proceeds from sales of assets$15,213  $2,572  $17,785