SEGMENT AND GEOGRAPHIC DISCLOSURES

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC DISCLOSURES

SEGMENT AND GEOGRAPHIC DISCLOSURESASC 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 March 31,
	2021		2020
	(unaudited)		(unaudited)
Revenues:
IHT	$	91,139	$	107,881
MS	87,396		104,519
Quest Integrity	16,083		24,439
Total	$	194,618	$	236,839

	Three Months Ended March 31,
	2021		2020
	(unaudited)		(unaudited)
Operating income (loss):
IHT1	$	364	$	(192,150)
MS	115		1,022
Quest Integrity	(252)		6,106
Corporate and shared support services	(24,527)		(27,910)
Total	$	(24,300)	$	(212,932)

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1    Includes goodwill impairment charge for IHT as discussed in Note 1 that impacted operating income (loss) for the three months ended March 31, 2020.

	Three Months Ended March 31,
	2021		2020
	(unaudited)		(unaudited)
Capital expenditures1:
IHT	$	2,714	$	1,041
MS	1,152		3,617
Quest Integrity	406		971
Corporate and shared support services	125		1,075
Total	$	4,397	$	6,704

_____________

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

	Three Months Ended March 31,
	2021		2020
	(unaudited)		(unaudited)
Depreciation and amortization:
IHT	$	3,470	$	3,983
MS	5,439		5,431
Quest Integrity	712		886
Corporate and shared support services	1,338		1,408
Total	$	10,959	$	11,708

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 months ended March 31, 2021 and 2020 is as follows (in thousands):

	Three Months Ended March 31,
	2021		2020
	(unaudited)		(unaudited)
Total Revenues: 1
United States	$	141,832	$	173,510
Canada	16,494		21,209
Europe	25,711		28,546
Other foreign countries	10,581		13,574
Total	$	194,618	$	236,839

 ___________

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