XML 45 R30.htm IDEA: XBRL DOCUMENT v3.6.0.2
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
23. Selected Quarterly Financial Data (Unaudited)

In management’s opinion, the summarized quarterly financial data below (in thousands, except per share amounts) contains all appropriate adjustments, all of which are normally recurring adjustments, considered necessary to present fairly our consolidated financial position and results of operations for the respective periods.
 
March 31,
2016(1)
 
June 30,
2016(2)
 
September 30,
2016(3)
 
December 31,
2016(4)
Revenue from external customers
$
213,295

 
$
204,145

 
$
195,849

 
$
193,780

Gross profit(9)
61,253

 
54,674

 
43,587

 
9,634

Net income (loss) attributable to Archrock stockholders
(1,819
)
 
(4,477
)
 
(9,648
)
 
(38,611
)
Net income (loss) attributable to Archrock common stockholders per share:
 

 
 

 
 

 
 

Basic
$
(0.03
)
 
$
(0.07
)
 
$
(0.14
)
 
$
(0.56
)
Diluted
(0.03
)
 
(0.07
)
 
(0.14
)
 
(0.56
)

 
March 31,
2015(5)
 
June 30,
2015(6)
 
September 30,
2015(7)
 
December 31,
2015(8)
Revenue from external customers
$
252,873

 
$
255,062

 
$
248,863

 
$
241,310

Gross profit(9)
70,797

 
67,643

 
52,949

 
(21,541
)
Net income (loss) attributable to Archrock stockholders
31,027

 
(24,176
)
 
(9,910
)
 
(129,490
)
Net income (loss) attributable to Archrock common stockholders per share:
 

 
 

 
 

 
 

Basic
$
0.45

 
$
(0.35
)
 
$
(0.15
)
 
$
(1.89
)
Diluted
0.45

 
(0.35
)
 
(0.15
)
 
(1.89
)

(1) 
In the first quarter of 2016, we recorded $9.9 million of long-lived asset impairments (see Note 13 (“Long-Lived Asset Impairment”)) and $8.1 million of restructuring and other charges (see Note 14 (“Restructuring and Other Charges”).

(2) 
In the second quarter of 2016, we recorded a $26 thousand of loss from discontinued operations, net of tax (see Note 3 (“Discontinued Operations”)), $13.8 million of long-lived asset impairments (see Note 13 (“Long-Lived Asset Impairment”) and $3.0 million of restructuring and other charges (see Note 14 (“Restructuring and Other Charges”).

(3) 
In the third quarter of 2016 we recorded a $16 thousand of loss from discontinued operations, net of tax (see Note 3 (“Discontinued Operations”)), $16.7 million of long-lived asset impairments (see Note 13 (“Long-Lived Asset Impairment”)) and $4.7 million of restructuring and other charges (see Note 14 (“Restructuring and Other Charges”)).

(4) 
In the fourth quarter of 2016, we recorded $47.1 million of long-lived asset impairments (see Note 13 (“Long-Lived Asset Impairment”)), $1.1 million of restructuring and other charges (see Note 14 (“Restructuring and Other Charges”)) and $12.6 million of restatement charges (see Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.)

(5) 
In the first quarter of 2015, we recorded $33.8 million of income from discontinued operations, net of tax (see Note 3 (“Discontinued Operations”)), $8.2 million of long-lived asset impairments (see Note 13 (“Long-Lived Asset Impairment”)).

(6) 
In the second quarter of 2015, we recorded a loss of $19.3 million from discontinued operations, net of tax (see Note 3 (“Discontinued Operations”)), $9.5 million of long-lived asset impairments (see Note 13 (“Long-Lived Asset Impairment”)) and $1.2 million of restructuring and other charges (see Note 14(“Restructuring and Other Charges”).

(7) 
In the third quarter of 2015, we recorded $10.1 million of income from discontinued operations, net of tax (see Note 3 (“Discontinued Operations”)), $19.9 million of long-lived asset impairments (see Note 13 (“Long-Lived Asset Impairment”)) and $0.3 million of restructuring and other charges (see Note 14 (“Restructuring and Other Charges”)).

(8) 
In the fourth quarter of 2015, we recorded $9.1 million of income from discontinued operations, net of tax (see Note 3 (“Discontinued Operations”)), $3.7 million of goodwill impairment (see Note 7 (“Goodwill”)), $87.4 million of long-lived asset impairments (see Note 13 (“Long-Lived Asset Impairment”)) and $3.2 million of restructuring and other charges (see Note 14 (“Restructuring and Other Charges”)).

(9) 
Gross profit is defined as revenue less cost of sales, direct depreciation and amortization expense and long-lived asset impairment charges.