Impairment and Other Charges (Tables)

12 Months Ended

Dec. 31, 2020

Impairment and Other Charges

Schedule of impairment and other charges

(in thousands)	2020		2019
Long-lived asset impairments (1)	$	204,765	$	—
Abandonment of assets (2)		5,976		35,861
Pension settlement loss (3)		4,660		—
Severance costs		1,882		5,748
Assets held for sale write down (4)		192		14,326
Retirement of equipment		—		17,218
Inventory write-downs		—		9,077
Other		18		43
Total	$	217,493	$	82,273

^(1). Relates solely to the Technical Services segment and primarily includes pressure pumping and coiled tubing assets.

^(2). Represents the final disposition of assets that were ceased to be used during 2019 and recorded at salvage value. Also includes interest costs related to leased assets that were impaired in 2019.

^(3). Represents the non-cash settlement loss related to the lump-sum payment window offered to certain participants in connection with the Company’s Retirement Income Plan. See Note 13 for further details.

^(4). Represents the final settlement on certain real estate properties that were recorded as held for sale. The Company continues to disclose the remaining real estate that are being held for sale at their carrying value on the consolidated balance sheets under the caption Assets held for sale.