NOTE P – INDUSTRY SEGMENTS AND GEOGRAPHIC INFORMATION

We manage our operations through five reporting segments organized into four divisions: Fluids, Production Testing, Compression, and Offshore.

Our Fluids Division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States and in certain countries in Latin America, Europe, Asia, the Middle East, and Africa. The Division also markets liquid and dry calcium chloride products manufactured at its production facilities or purchased from third-party suppliers to a variety of markets outside the energy industry. The Fluids Division also provides domestic onshore oil and gas operators with comprehensive water management services.

Our Production Testing Division provides frac flowback, production well testing, offshore rig cooling, and other associated services in many of the major oil and gas producing regions in the United States, Mexico, and Canada, as well as in basins in certain regions in South America, Africa, Europe, the Middle East, and Australia.

The Compression Division is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The Compression Division's equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages, and oilfield pump systems designed and fabricated at the Division's facilities as well as the sale of compressor package parts and components manufactured by third-party suppliers. The Compression Division's aftermarket services business provides compressor package reconfiguration and maintenance services. The Compression Division provides its services and equipment to a broad base of natural gas and oil exploration and production, midstream, transmission, and storage companies operating throughout many of the onshore producing regions of the United States as well as in a number of foreign countries, including Mexico, Canada, and Argentina. As a result of the August 4, 2014 acquisition of CSI, the scope of our Compression Division was significantly expanded.

Our Offshore Division consists of two operating segments: Offshore Services and Maritech. The Offshore Services segment provides (1) downhole and subsea services such as well plugging and abandonment and workover services, (2) decommissioning and certain construction services utilizing heavy lift barges and various cutting technologies with regard to offshore oil and gas production platforms and pipelines, and (3) conventional and saturation diving services.

The Maritech segment is a limited oil and gas production operation. During 2011 and the first quarter of 2012, Maritech sold substantially all of its oil and gas producing property interests. Maritech’s operations consist primarily of the ongoing abandonment and decommissioning associated with its remaining offshore wells and production platforms. Maritech intends to acquire a portion of these services from the Offshore Services segment.

We generally evaluate the performance of and allocate resources to our segments based on profit or loss from their operations before income taxes and nonrecurring charges, return on investment, and other criteria. Transfers between segments and geographic areas are priced at the estimated fair value of the products or services as negotiated between the operating units. “Corporate overhead” includes corporate general and administrative expenses, corporate depreciation and amortization, interest income and expense, and other income and expense.

Summarized financial information concerning the business segments is as follows:



	Year Ended December 31,
	2015		2014		2013
	(In Thousands)
Revenues from external customers
Product sales
Fluids Division	$	306,307	$	294,895	$	281,585
Production Testing Division	6,944		—		—
Compression Division	141,461		74,827		8,293
Offshore Division
Offshore Services	611		534		4,707
Maritech	2,438		4,722		5,560
Total Offshore Division	3,049		5,256		10,267
Consolidated	$	457,761	$	374,978	$	300,145



Services and rentals
Fluids Division	$	117,459		$	142,139		$	101,040
Production Testing Division	122,292			188,528			194,236
Compression Division	316,178			207,679			112,994
Offshore Division
Offshore Services	116,455			164,243			200,983
Maritech	—			—			—
Intersegment eliminations	—			—			—
Total Offshore Division	116,455			164,243			200,983
Corporate overhead	—			—			—
Consolidated	$	672,384		$	702,589		$	609,253

Interdivision revenues
Fluids Division	$	278		$	327		$	38
Production Testing Division	4,668			4,296			1,747
Compression Division	—			—			—
Offshore Division
Offshore Services	5,128			30,595			50,122
Maritech	—			—			—
Intersegment eliminations	(5,128		)	(30,595		)	(50,122		)
Total Offshore Division	—			—			—
Interdivision eliminations	(4,946		)	(4,623		)	(1,785		)
Consolidated	$	—		$	—		$	—

Total revenues
Fluids Division	$	424,044		$	437,362		$	382,663
Production Testing Division	133,904			192,824			195,983



Compression Division	457,639			282,505			121,287
Offshore Division
Offshore Services	122,194			195,372			255,812
Maritech	2,438			4,722			5,560
Intersegment eliminations	(5,128		)	(30,595		)	(50,122		)
Total Offshore Division	119,504			169,499			211,250
Corporate overhead	—			—			—
Interdivision eliminations	(4,946		)	(4,623		)	(1,785		)
Consolidated	$	1,130,145		$	1,077,567		$	909,398



	Year Ended December 31,
	2015			2014			2013
	(In Thousands)
Depreciation, amortization, and accretion
Fluids Division	$	35,125		$	31,279		$	22,508
Production Testing Division	24,080			29,324			27,262
Compression Division	82,024			41,097			14,511
Offshore Division
Offshore Services	11,500			13,327			14,254
Maritech	1,375			160			123
Intersegment eliminations	—			—			—
Total Offshore Division	12,875			13,487			14,377
Corporate overhead	911			1,725			2,327
Consolidated	$	155,015		$	116,912		$	80,985

Interest expense
Fluids Division	$	22		$	21		$	31
Production Testing Division	—			29			16
Compression Division	32,447			13,361			500
Offshore Division
Offshore Services	—			36			109
Maritech	29			—			11
Intersegment eliminations				—			—
Total Offshore Division	29			36			120
Corporate overhead	18,704			19,297			16,725
Consolidated	$	51,202		$	32,744		$	17,392

Income (loss) before taxes
Fluids Division	$	80,789		$	64,705		$	69,438
Production Testing Division	(55,720		)	(66,156		)	14,093
Compression Division	(146,798		)	7,340			20,200
Offshore Division
Offshore Services	(195		)	(26,251		)	22,870
Maritech	(3,833		)	(71,154		)	(64,365		)
Intersegment eliminations	—			—			—
Total Offshore Division	(4,028		)	(97,405		)	(41,495		)
Interdivision eliminations	(1		)	—			—
Corporate overhead⁽¹⁾	(76,005		)	(66,355		)	(62,364		)
Consolidated	$	(201,763	)	$	(157,871	)	$	(128	)



	Year Ended December 31,
	2015			2014			2013
	(In Thousands)
Total assets
Fluids Division	$	370,892		$	423,989		$	400,028
Production Testing Division	134,725			241,640			327,413
Compression Division	1,018,584			1,273,580			230,829
Offshore Division
Offshore Services	131,916			129,350			181,617
Maritech	18,453			23,479			46,903
Intersegment eliminations	—			—			—
Total Offshore Division	150,369			152,829			228,520
Corporate overhead	(18,194		)	(9,650		)	19,743
Consolidated	$	1,656,376		$	2,082,388		$	1,206,533

Capital expenditures
Fluids Division	$	11,104		$	41,307		$	45,238
Production Testing Division	7,843			31,226			26,757
Compression Division	95,586			37,516			24,103
Offshore Division
Offshore Services	5,949			20,013			4,207
Maritech	38			—			21
Intersegment eliminations	—			—			—
Total Offshore Division	5,987			20,013			4,228
Corporate overhead	77			1,547			1,053
Consolidated	$	120,597		$	131,609		$	101,379


⁽¹⁾	Amounts reflected include the following general corporate expenses:



	2015		2014		2013
	(In Thousands)
General and administrative expense	$	52,189	$	41,139	$	40,506
Depreciation and amortization	913		1,725		2,327
Interest expense, net	18,654		19,268		16,715
Other general corporate (income) expense, net	4,249		4,223		2,816
Total	$	76,005	$	66,355	$	62,364

Summarized financial information concerning the geographic areas of our customers and in which we operate at December 31, 2015, 2014, and 2013, is presented below:



	Year Ended December 31,
	2015			2014			2013
	(In Thousands)
Revenues from external customers:
U.S.	$	896,131		$	768,688		$	673,376
Canada and Mexico	44,542			73,632			58,080
South America	26,554			40,719			31,788
Europe	80,432			105,457			102,990
Africa	20,761			22,277			15,127
Asia and other	61,725			66,794			28,037
Total	$	1,130,145		$	1,077,567		$	909,398
Transfers between geographic areas:
U.S.	$	—		$	—		$	—
Canada and Mexico	—			—			—
South America	—			—			—
Europe	1,252			2,871			112
Africa	—			—			—
Asia and other	—			—			—
Eliminations	(1,252		)	(2,871		)	(112		)
Total revenues	$	1,130,145		$	1,077,567		$	909,398
Identifiable assets:
U.S.	$	1,427,481		$	1,778,357		$	852,483
Canada and Mexico	72,007			97,737			104,831
South America	25,035			32,267			43,326
Europe	64,695			94,209			150,415
Africa	7,541			7,895			9,063
Asia and other	59,617			71,923			46,351
Eliminations and discontinued operations	—			—			64
Total identifiable assets	$	1,656,376		$	2,082,388		$	1,206,533

During each of the three years ended December 31, 2015, 2014, and 2013, no single customer accounted for more than 10% of our consolidated revenues.