XML 54 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Reconciliation of Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization from Segments to Consolidated
The following table presents a reconciliation of Segment Adjusted EBITDA to net income (loss) (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
Segment Adjusted EBITDA:
 
 
 
 
 
 
 
International Services
$
4,532

 
$
39,157

 
$
31,752

 
$
146,752

U.S. Services
(7,933
)
 
18,251

 
(18,433
)
 
79,914

Tubular Sales
165

 
15,985

 
1,343

 
27,082

Corporate and other
159

 
12

 
361

 
37

Adjusted EBITDA Total
(3,077
)
 
73,405

 
15,023

 
253,785

Interest income, net
646

 
173

 
1,050

 
150

Income tax benefit (expense)
6,800

 
(10,771
)
 
15,311

 
(32,662
)
Depreciation and amortization
(26,545
)
 
(29,032
)
 
(84,278
)
 
(80,743
)
Gain on sale of assets
46

 
1,392

 
1,095

 
521

Foreign currency loss
(1,696
)
 
(5,329
)
 
(5,907
)
 
(6,563
)
Equity-based compensation expense
(3,828
)
 
(6,096
)
 
(12,356
)
 
(22,470
)
Severance and other charges
(14,534
)
 
(1,186
)
 
(18,858
)
 
(14,208
)
Change in value of contingent consideration

 
1,532

 

 
1,532

Unrealized and realized gains (losses)
(10
)
 

 
(973
)
 

Net income (loss)
$
(42,198
)
 
$
24,088

 
$
(89,893
)
 
$
99,342

Schedule of Segment Reporting Information, by Segment
The following tables set forth certain financial information with respect to our reportable segments. Included in “Corporate and Other” are intersegment eliminations and costs associated with activities of a general nature (in thousands):
 
International
Services
 
U.S.
Services
 
Tubular Sales
 
Corporate
and Other
 
Total
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
51,028

 
$
34,057

 
$
20,029

 
$

 
$
105,114

Inter-segment revenues
(1
)
 
3,641

 
5,036

 
(8,676
)
 

Adjusted EBITDA
4,532

 
(7,933
)
 
165

 
159

 
(3,077
)
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
103,076

 
$
74,417

 
$
62,390

 
$

 
$
239,883

Inter-segment revenues
102

 
5,654

 
7,188

 
(12,944
)
 

Adjusted EBITDA
39,157

 
18,251

 
15,985

 
12

 
73,405

 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
191,440

 
$
119,955

 
$
68,151

 
$

 
$
379,546

Inter-segment revenues
45

 
11,691

 
15,053

 
(26,789
)
 

Adjusted EBITDA
31,752

 
(18,433
)
 
1,343

 
361

 
15,023

 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
Revenue from external customers
$
349,918

 
$
262,120

 
$
159,586

 
$

 
$
771,624

Inter-segment revenues
709

 
20,211

 
29,622

 
(50,542
)
 

Adjusted EBITDA
146,752

 
79,914

 
27,082

 
37

 
253,785