IMPAIRMENT AND OTHER CHARGES (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of impairment and other charges


	Three months ended				Nine months ended
	September 30,		September 30,		September 30,		September 30,
(in thousands)	2019		2018		2019		2018
Abandonment of assets ⁽¹⁾	$	34,575	$	—	$	34,575	$	—
Assets held for sale write down ⁽²⁾		14,326		—		14,326		—
Retirement of equipment ⁽³⁾		15,953		—		15,953		—
Inventory write-downs		5,501		—		5,501		—
Severance costs		1,268		—		1,268		—
Other		27		—		27		—
Total	$	71,650	$	—	$	71,650	$	—

⁽¹⁾

Includes accelerated depreciation for assets that were ceased to be used during the third quarter of 2019 and were abandoned before the end of their previously estimated useful lives. These assets have been recorded at salvage value Also includes Right-Of-Use (ROU) assets related to leased real estate locations that were abandoned; see Note 14 for additional information on leased assets.

⁽²⁾

Represents real estate properties that are expected to be sold within the next 12 months. In connection with the plan of sale, the Company determined that the carrying values of some of the underlying assets exceeded their fair values. The impairment loss of $14,326,000 represents the excess of the carrying values of the assets over their fair values, less cost to sell. The carrying value of the assets that are held for sale is separately presented in the Consolidated Balance Sheets in the caption "Assets held for sale," and these assets are no longer depreciated.

⁽³⁾	Represents older pressure pumping equipment being retired because it no longer effectively meets the industry’s current market requirements, needs more maintenance, and is not expected to generate adequate returns in the future.