ENTITY WIDE DISCLOSURES

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

ENTITY WIDE DISCLOSURES

ENTITY WIDE DISCLOSURES

ASC 280, Segment Reporting, requires us to disclose certain information about our operating segments where operating segments are defined as “components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.” We conduct operations in three segments: TeamQualspec, TeamFurmanite and Quest Integrity. All three operating segments operate under a business segment manager who reports directly to Team’s Chief Executive Officer who operates as the chief operating decision maker. Furmanite, which we acquired in the first quarter of 2016 (see Note 2), is included in the TeamFurmanite segment, except that Furmanite’s corporate-related activities are included within corporate and shared support services in the tables below. Discontinued operations are not allocated to the segments. Segment data for our three operating segments are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues:
TeamQualspec	$	157,238	$	130,221	$	293,500	$	237,412
TeamFurmanite	159,681		81,103		260,275		150,455
Quest Integrity	19,521		24,075		33,519		39,939
Total	$	336,440	$	235,399	$	587,294	$	427,806

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Operating income (loss):
TeamQualspec	$	16,677		$	18,331		$	24,621		$	28,706
TeamFurmanite	11,982			9,451			19,021			13,892
Quest Integrity	3,221			6,742			2,464			8,005
Corporate and shared support services	(17,872		)	(12,490		)	(39,478		)	(20,870		)
Total	$	14,008		$	22,034		$	6,628		$	29,733

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Capital expenditures:
TeamQualspec	$	2,222	$	4,418	$	5,211	$	6,686
TeamFurmanite	3,154		2,142		6,131		3,192
Quest Integrity	263		583		894		1,291
Corporate and shared support services	4,749		3,625		9,732		7,247
Total	$	10,388	$	10,768	$	21,968	$	18,416

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Depreciation and amortization:
TeamQualspec	$	5,051	$	2,257	$	10,105	$	4,397
TeamFurmanite	6,020		2,067		9,344		3,912
Quest Integrity	1,284		1,446		2,566		2,881
Corporate and shared support services	515		300		878		570
Total	$	12,870	$	6,070	$	22,893	$	11,760

Separate measures of Team’s assets by operating segment are not produced or utilized by management to evaluate segment performance.

A geographic breakdown of our revenues for the three and six months ended June 30, 2016 and 2015 and total assets as of June 30, 2016 and December 31, 2015 are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues:
United States	$	241,064	$	168,519	$	443,117	$	317,483
Canada	41,836		39,241		63,821		62,943
Europe	33,152		13,287		50,041		25,358
Other foreign countries	20,388		14,352		30,315		22,022
Total	$	336,440	$	235,399	$	587,294	$	427,806

	June 30, 2016		December 31, 2015
	(unaudited)
Total assets:
United States	$	995,136	$	682,124
Canada	61,350		59,626
Europe	115,468		33,271
Other foreign countries	51,070		23,970
Total	$	1,223,024	$	798,991