Business Segments

6 Months Ended

Jun. 30, 2020

Business Segments

Business Segments

20. Business Segments

The Company is organized primarily on the basis of geographic region, customer industry group and operates primarily in three reportable segments.

Our remaining operating segments have been consolidated and included in an “All Other” category.

The following is a brief description of our reportable segments and a description of business activities conducted by All Other.

Permian Basin — Segment operations consist primarily of specialty rental and vertically integrated hospitality services revenue from customers in the oil and gas industry located primarily in Texas and New Mexico.

Bakken Basin — Segment operations consist primarily of specialty rental and vertically integrated hospitality services revenue from customers in the oil and gas industry located primarily in North Dakota.

Government — Segment operations consist primarily of specialty rental and vertically integrated hospitality services revenue from Government customers located in Texas.

All Other — Segment operations consist primarily of revenue from the construction phase of the contract with TCPL discussed in Note 1 as well as specialty rental and vertically integrated hospitality services revenue from customers in the Oil and Gas industry located outside of the Permian and Bakken Basins.

The table below presents information about reported segments for the three and six months ended June 30 (except for asset information for 2019 that is presented as of December 31):

2020

	Permian Basin		Bakken Basin		Government		All Other			Total
For the Six Months Ended June 30, 2020
Revenue	$	70,195	$	4,551	$	33,263	$	17,265		$	125,274
Adjusted gross profit	$	33,652	$	235	$	24,488	$	2,129		$	60,504
Total Assets	$	293,619	$	56,880	$	31,722	$	5,840		$	388,061
For the Three Months Ended June 30, 2020
Revenue	$	21,064	$	366	$	16,671	$	15,519	(a)	$	53,620
Adjusted gross profit	$	6,860	$	(1,169)	$	12,909	$	1,860		$	20,460

2019

	Permian Basin		Bakken Basin		Government		All Other			Total
For the Six Months Ended June 30, 2019
Revenue	$	104,748	$	10,511	$	33,285	$	14,796	(a)	$	163,340
Adjusted gross profit	$	65,182	$	4,333	$	24,168	$	3,104		$	96,787
Total Assets (as of December 31, 2019)	$	305,701	$	59,134	$	35,484	$	5,955		$	406,274
For the Three Months Ended June 30, 2019
Revenue	$	52,037	$	5,738	$	16,729	$	6,854	(a)	$	81,358
Adjusted gross profit	$	32,588	$	2,698	$	12,317	$	1,529		$	49,132

(a) Revenues are attributable to three operating segments of the Company and are reported in the “All Other” category previously described.

A reconciliation of total segment adjusted gross profit to total consolidated income (loss) before income taxes for the dates indicated below, is as follows:

	For the Three Months Ended				For the Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Total reportable segment adjusted gross profit	$	18,600	$	47,603	$	58,375	$	93,683
Other adjusted gross profit		1,860		1,529		2,129		3,104
Depreciation and amortization		(16,364)		(13,776)		(33,376)		(27,440)
Selling, general, and administrative expenses		(10,101)		(10,925)		(20,092)		(55,676)
Restructuring costs		—		—		—		(168)
Other expense (income), net		(446)		123		569		161
Loss on extinguishment of debt		—		—		—		(907)
Interest expense, net		(10,178)		(9,853)		(20,200)		(13,884)
Consolidated income (loss) before income taxes	$	(16,629)	$	14,701	$	(12,595)	$	(1,127)

A reconciliation of total segment assets to total consolidated assets as of the dates indicated below, is as follows:

	June 30, 2020		December 31, 2019
Total reportable segment assets	$	382,221	$	400,319
Other assets		5,840		5,955
Restricted cash		52		52
Other unallocated amounts		199,072		194,466
Total Assets	$	587,185	$	600,792

Other unallocated assets consist of the following as reported in the consolidated balance sheets of the Company as of the dates indicated below:

	June 30, 2020		December 31, 2019
Total current assets	$	69,331	$	60,795
Other intangible assets, net		110,456		117,866
Deferred tax asset		9,104		6,427
Deferred financing costs revolver, net		4,058		4,688
Other non-current assets		6,123		4,690
Total other unallocated amounts of assets	$	199,072	$	194,466