Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Segment Reporting Information, by Segment

The following tables set forth certain financial information for each of our segments and corporate (amounts in thousands):



	As of and for the three months ended June 30,				As of and for the six months ended June 30,
	2019		2018		2019		2018
Revenues:
Domestic drilling	$	39,652	$	35,634	$	77,661	$	71,560
International drilling	25,422		21,773		47,065		39,384
Drilling services	65,074		57,407		124,726		110,944
Well servicing	29,506		23,162		55,760		44,276
Wireline services	47,386		62,137		93,260		118,738
Coiled tubing services	10,877		12,076		25,665		25,302
Production services	87,769		97,375		174,685		188,316
Consolidated revenues	$	152,843	$	154,782	$	299,411	$	299,260

Operating costs:
Domestic drilling	$	24,698	$	21,749	$	47,167	$	42,647
International drilling	18,555		17,064		35,040		30,025
Drilling services	43,253		38,813		82,207		72,672
Well servicing	21,038		16,680		39,934		32,250
Wireline services	41,804		46,716		81,151		89,202
Coiled tubing services	9,875		11,988		21,263		22,839
Production services	72,717		75,384		142,348		144,291
Consolidated operating costs	$	115,970	$	114,197	$	224,555	$	216,963

Gross margin:
Domestic drilling	$	14,954	$	13,885	$	30,494	$	28,913
International drilling	6,867		4,709		12,025		9,359
Drilling services	21,821		18,594		42,519		38,272
Well servicing	8,468		6,482		15,826		12,026
Wireline services	5,582		15,421		12,109		29,536
Coiled tubing services	1,002		88		4,402		2,463
Production services	15,052		21,991		32,337		44,025
Consolidated gross margin	$	36,873	$	40,585	$	74,856	$	82,297

Identifiable Assets:
Domestic drilling⁽¹⁾	$	365,477	$	380,355	$	365,477	$	380,355
International drilling ^{(1) (2)}	47,158		42,457		47,158		42,457
Drilling services	412,635		422,812		412,635		422,812
Well servicing	121,180		124,458		121,180		124,458
Wireline services	94,413		99,243		94,413		99,243
Coiled tubing services	37,292		31,889		37,292		31,889
Production services	252,885		255,590		252,885		255,590
Corporate	58,149		78,642		58,149		78,642
Consolidated identifiable assets	$	723,669	$	757,044	$	723,669	$	757,044

Depreciation:
Domestic drilling	$	10,888	$	10,139	$	21,433	$	20,588
International drilling	1,373		1,301		2,716		2,748
Drilling services	12,261		11,440		24,149		23,336
Well servicing	4,942		4,865		9,824		9,785
Wireline services	3,907		4,601		7,982		9,209
Coiled tubing services	1,531		2,114		3,059		4,146
Production services	10,380		11,580		20,865		23,140
Corporate	210		267		490		558
Consolidated depreciation	$	22,851	$	23,287	$	45,504	$	47,034



	As of and for the three months ended June 30,				As of and for the six months ended June 30,
	2019		2018		2019		2018
Capital Expenditures:
Domestic drilling	$	3,325	$	4,736	$	11,567	$	7,494
International drilling	524		1,213		2,282		3,913
Drilling services	3,849		5,949		13,849		11,407
Well servicing	2,141		3,403		6,036		5,452
Wireline services	1,588		4,917		4,423		8,590
Coiled tubing services	1,287		4,817		2,811		7,981
Production services	5,016		13,137		13,270		22,023
Corporate	376		251		497		495
Consolidated capital expenditures	$	9,241	$	19,337	$	27,616	$	33,925


(1)	Identifiable assets for our drilling segments include the impact of a $38.6 million and $35.1 million intercompany balance, as of June 30, 2019 and 2018, respectively, between our domestic drilling segment (intercompany receivable) and our international drilling segment (intercompany payable).


(2)	Identifiable assets for our international drilling segment include five drilling rigs that are owned by our Colombia subsidiary and three drilling rigs that are owned by one of our domestic subsidiaries and leased to our Colombia subsidiary.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table reconciles the consolidated gross margin of our segments reported above to loss from operations as reported on the condensed consolidated statements of operations (amounts in thousands):



	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
Consolidated gross margin	$	36,873		$	40,585		$	74,856		$	82,297
Depreciation	(22,851		)	(23,287		)	(45,504		)	(47,034		)
General and administrative	(18,028		)	(24,829		)	(37,786		)	(44,023		)
Bad debt recovery, net	348			370			286			422
Impairment	(332		)	(2,368		)	(1,378		)	(2,368		)
Gain on dispositions of property and equipment, net	1,126			726			2,201			1,061
Loss from operations	$	(2,864	)	$	(8,803	)	$	(7,325	)	$	(9,645	)