SEGMENT AND GEOGRAPHIC DISCLOSURES

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC DISCLOSURES

SEGMENT AND GEOGRAPHIC 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: IHT, MS and Quest Integrity.

Segment data for our three operating segments are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues:
IHT	$	138,658	$	168,673	$	265,714	$	320,092
MS	144,897		148,978		266,423		281,879
Quest Integrity	32,274		26,238		53,291		44,303
Total	$	315,829	$	343,889	$	585,428	$	646,274

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Operating income (loss):
IHT	$	9,497		$	13,281		$	11,218		$	20,021
MS	20,317			10,582			25,851			13,100
Quest Integrity	9,324			5,751			10,968			6,845
Corporate and shared support services	(26,134		)	(27,815		)	(51,561		)	(52,292		)
Total	$	13,004		$	1,799		$	(3,524	)	$	(12,326	)

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Capital expenditures1:
IHT	$	2,083	$	2,063	$	3,051	$	4,398
MS	2,624		2,369		4,587		4,025
Quest Integrity	1,249		1,031		2,577		1,652
Corporate and shared support services	2,936		1,132		5,287		2,007
Total	$	8,892	$	6,595	$	15,502	$	12,082

_____________

1Totals may vary from amounts presented in the condensed consolidated statements of cash flows due to the timing of cash payments.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Depreciation and amortization:
IHT	$	4,401	$	4,725	$	8,903	$	9,530
MS	5,518		8,944		10,932		18,222
Quest Integrity	999		966		1,920		1,965
Corporate and shared support services	1,461		1,344		2,895		2,717
Total	$	12,379	$	15,979	$	24,650	$	32,434

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, 2019 and 2018 is as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Total Revenues: 1
United States	$	230,563	$	242,773	$	436,671	$	476,149
Canada	35,330		51,164		54,651		78,532
Europe	34,882		32,471		63,378		60,696
Other foreign countries	15,054		17,481		30,728		30,897
Total	$	315,829	$	343,889	$	585,428	$	646,274

___________

1Revenues attributable to individual countries/geographic areas are based on the country of domicile of the legal entity that performs the work.