ENTITY WIDE DISCLOSURES

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues:
TeamQualspec	$	142,529	$	157,308	$	436,029	$	394,720
TeamFurmanite	131,787		69,596		392,062		220,051
Quest Integrity	15,261		16,648		48,780		56,587
Total	$	289,577	$	243,552	$	876,871	$	671,358

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Operating income (loss):
TeamQualspec	$	8,423		$	14,386		$	33,044		$	43,092
TeamFurmanite	5,983			3,249			25,004			17,141
Quest Integrity	399			724			2,863			8,729
Corporate and shared support services	(18,848		)	(11,502		)	(58,326		)	(32,372		)
Total	$	(4,043	)	$	6,857		$	2,585		$	36,590

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Capital expenditures:
TeamQualspec	$	1,932	$	3,564	$	7,143	$	10,250
TeamFurmanite	6,308		2,760		12,439		5,952
Quest Integrity	211		1,101		1,105		2,392
Corporate and shared support services	5,475		4,708		15,207		11,955
Total	$	13,926	$	12,133	$	35,894	$	30,549

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Depreciation and amortization:
TeamQualspec	$	4,930	$	4,887	$	15,035	$	9,284
TeamFurmanite	5,705		2,137		15,049		6,049
Quest Integrity	1,374		1,462		3,940		4,343
Corporate and shared support services	530		288		1,408		858
Total	$	12,539	$	8,774	$	35,432	$	20,534

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 nine months ended September 30, 2016 and 2015 and total assets as of September 30, 2016 and December 31, 2015 are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues:
United States	$	208,009	$	192,109	$	651,126	$	509,592
Canada	33,747		30,194		97,568		93,137
Europe	27,930		10,935		77,971		36,293
Other foreign countries	19,891		10,314		50,206		32,336
Total	$	289,577	$	243,552	$	876,871	$	671,358

	September 30, 2016		December 31, 2015
	(unaudited)
Total assets:
United States	$	958,541	$	682,124
Canada	65,710		59,626
Europe	108,531		33,271
Other foreign countries	49,640		23,970
Total	$	1,182,422	$	798,991