XML 53 R28.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Data (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Operating Results for Reportable Segments Summarized operating results for our reportable segments are shown in the following table (net of inter-segment transfers):
 Second QuarterFirst Half
(In thousands)2023202220232022
Revenues
Fluids Systems$135,181 $145,261 $279,355 $286,275 
Industrial Solutions48,075 48,883 103,931 84,307 
Industrial Blending— — — — 
Total revenues$183,256 $194,144 $383,286 $370,582 
Operating income (loss)
Fluids Systems$1,965 $425 $5,431 $3,799 
Industrial Solutions12,774 9,754 27,257 16,112 
Industrial Blending— (8,912)— (9,798)
Corporate office(8,861)(7,484)(16,667)(15,363)
Total operating income (loss)$5,878 $(6,217)$16,021 $(5,250)
Schedule of Operating Result of Exited Business
Summarized operating results of our now exited Excalibar business and Gulf of Mexico operations, both included in the Fluids Systems segment historical results, are shown in the following table:
 Second QuarterFirst Half
(In thousands)2023202220232022
Revenues
Excalibar$— $12,099 $— $26,445 
Gulf of Mexico— 7,412 — 10,106 
Total revenues$— $19,511 $— $36,551 
Operating income (loss)
Excalibar$— $817 $(77)$1,650 
Gulf of Mexico(2,107)(3,643)(4,418)(6,260)
Total operating income (loss)$(2,107)$(2,826)$(4,495)$(4,610)
Summarized net assets remaining from the business units exited in 2022 are shown in the following table:
(In thousands)June 30, 2023December 31, 2022
Receivables, net$1,845 $27,798 
Inventories1,207 5,805 
Accounts payable(73)(2,060)
Accrued liabilities— (311)
Total net assets$2,979 $31,232 
Schedule of Fluids Systems Impairments and Other Charges
As a result of the above, operating results for the Fluids Systems segment include the following charges.
Second QuarterFirst Half
(In thousands)2023202220232022
Impairments and other charges$2,816 $— $2,816 $— 
Facility exit costs and other, net2,107 — 4,399 — 
Severance costs148 84 1,103 236 
Total Fluids Systems impairments and other charges$5,071 $84 $8,318 $236 
Schedule of Disaggregated Revenues, Geographic
The following table presents further disaggregated revenues for the Fluids Systems segment:
Second QuarterFirst Half
(In thousands)2023202220232022
United States$59,955 $85,355 $128,853 $156,198 
Canada10,399 11,344 29,764 33,579 
Total North America70,354 96,699 158,617 189,777 
EMEA60,913 42,870 113,490 87,045 
Other3,914 5,692 7,248 9,453 
Total International64,827 48,562 120,738 96,498 
Total Fluids Systems revenues$135,181 $145,261 $279,355 $286,275 
Schedule of Disaggregated Revenues, Segments The following table presents further disaggregated revenues for the Industrial Solutions segment:
Second QuarterFirst Half
(In thousands)2023202220232022
Product sales revenues$8,126 $18,539 $27,622 $22,962 
Rental revenues21,743 17,546 42,874 35,161 
Service revenues18,206 12,798 33,435 26,184 
Total Industrial Solutions revenues$48,075 $48,883 $103,931 $84,307