Description of Business (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Allocation of Net Assets Acquired

The Company's allocation of the purchase price, including working capital adjustments, to the estimated fair value of the CJWS net assets is as follows:

(in thousands)	March 9, 2020
Current assets	$	41,997
Property and equipment	63,418
Operating lease right-of-use-assets	734
Intangible assets	4,000
Other assets	1,859
Goodwill	19,089
Total assets acquired	131,097
Current liabilities	24,893
Long-term liabilities	12,051
Total liabilities assumed	36,944
Net assets acquired	$	94,153

Schedule of Pro Forma Information

The following unaudited pro forma information is not necessarily indicative of the results that would have been achieved if the CJWS Transaction had occurred in the past, and should not be relied upon as an indication of the operating results that the Company would have achieved if the transaction had occurred at the beginning of the periods presented, and our operating results, or the future results

that we will achieve, may be different from those reflected in the unaudited pro forma information below.

	Year Ended December 31,
(in thousands, except per share information)	2020		2019
Revenues	$	469,180	$	953,359
Loss from continuing operations	(234,260)		(103,749)
Loss from continuing operations per share, basic and diluted	$	(9.40)	$	(3.97)
Weighted average shares outstanding, basic and diluted	24,925		26,141

Schedule of Operating Results of Discontinued Operations

Assets and liabilities related to the discontinued operations are included in the Consolidated Balance Sheet as of December 31, 2020 and 2019 and are detailed in the table below:

	Year Ended December 31,
(in thousands)	2020		2019
Assets held for sale
Inventories	$	—	$	2,069
Operating lease right-of-use assets	—		1,659
Property and equipment, net	1,523		50,496
Total assets held for sale	$	1,523	$	54,224
Other long term assets
Real estate held for sale	$	4,802	$	—
Liabilities related to assets held for sale
Operating lease liabilities	508		1,659
Finance lease liabilities	—		3,589
Total liabilities related to assets held for sale	$	508	$	5,248

The operating results of the divested pressure pumping operations and contract drilling operations, which were historically included in the Completions & Remedial Services and Other Services segments, respectively, have been reclassified as discontinued operations in the Consolidated Statement of Operations for the years ended December 31, 2020, and 2019, as detailed in the table below:

	Year Ended December 31,
(in thousands)	2020		2019
Revenues	$	120	$	142,885
Cost of services	5,305		134,778
Selling, general and administrative	6,705		15,174
Depreciation and amortization	—		45,168
Asset impairments	4,378		35,801
Loss on disposal of assets	2,635		1,878
Total operating expenses	19,023		232,799
Operating loss	(18,903)		(89,914)
Interest expense	(64)		(583)
Loss from discontinued operations	$	(18,967)	$	(90,497)
Loss from discontinued operations per share, basic and diluted	$	(0.76)	$	(3.46)

Applicable Consolidated Statements of Cash Flow information related to the discontinued operations for the years ended December 31, 2020 and 2019 are detailed in the table below:

	Year Ended December 31,
(in thousands)	2020		2019
Cash Flows from Discontinued Operations
Net cash provided by (used in) operating activities	$	(11,953)	$	2,120
Net cash provided by investing activities	$	42,713	$	133