Segment Data

Summarized operating results for our reportable segments are shown in the following table (net of inter-segment transfers):



	Third Quarter						First Nine Months
(In thousands)	2017			2016			2017			2016
Revenues
Fluids systems	$	166,726		$	89,097		$	453,399		$	283,901
Mats and integrated services	34,937			15,457			89,975			50,512
Total Revenues	$	201,663		$	104,554		$	543,374		$	334,413

Operating Income (Loss)
Fluids systems	$	7,930		$	(8,995	)	$	20,145		$	(36,126	)
Mats and integrated services	10,941			882			28,762			8,607
Corporate office	(8,989		)	(6,942		)	(27,311		)	(21,496		)
Total Operating Income (Loss)	$	9,882		$	(15,055	)	$	21,596		$	(49,015	)

The Fluids Systems operating results for the first nine months of 2016 included $6.9 million of non-cash impairments in the Asia Pacific region resulting from the unfavorable industry market conditions which are reported in impairments and other charges. These impairments include a $3.8 million charge to write-down property, plant and equipment to its estimated fair value and a $3.1 million charge to fully impair the customer related intangible assets for the Asia Pacific region. In addition, Fluids Systems operating results for the first nine months of 2016 also included $1.5 million of charges to reduce the carrying values of inventory, primarily resulting from lower of cost or market adjustments.

As a result of the declines in industry activity in North America in 2015 and early 2016, we executed cost reduction programs including workforce reductions, reduced discretionary spending, and beginning in March 2016, a temporary salary reduction for a significant number of North American employees, including executive officers, suspension of the Company’s matching contribution to the U.S. defined contribution plan as well as a reduction in cash compensation paid to our Board of Directors in order to align our cost structure to activity levels. These actions resulted in charges for employee termination costs as shown in the table below:



	Third Quarter		First Nine Months
(In thousands)	2016		2016
Cost of revenues	$	222	$	3,647
Selling, general and administrative expenses	58		925
Total employee termination costs	$	280	$	4,572

Fluids systems	$	206	$	4,125
Mats and integrated services	35		285
Corporate office	39		162
Total employee termination costs	$	280	$	4,572

The temporary reductions in salaries, suspension of the Company’s matching contribution to the U.S. defined contribution plan and reduction in cash compensation paid to our Board of Directors were lifted in the second quarter of 2017.