XML 43 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2014
Notes to Financial Statements [Abstract]  
Quarterly Financial Information (Unaudited)
NOTE R — QUARTERLY FINANCIAL INFORMATION (Unaudited)
 
Summarized quarterly financial data for 2015 and 2014 is as follows:
 
 
Three Months Ended 2015
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(In Thousands, Except Per Share Amounts)
Total revenues
 
$
251,092

 
$
316,319

 
$
305,144

 
$
257,590

Gross profit (loss)
 
46,087

 
69,861

 
70,534

 
2,755

Net income (loss)
 
(3,622
)
 
15,367

 
10,736

 
(231,946
)
Net income (loss) attributable to TETRA stockholders
 
(4,447
)
 
14,925

 
9,755

 
(146,415
)
Net income (loss) per share before discontinued operations attributable to TETRA stockholders
 
$
(0.06
)
 
$
0.19

 
$
0.12

 
$
(1.84
)
Net income (loss) per diluted share before discontinued operations attributable to TETRA stockholders
 
$
(0.06
)
 
$
0.19

 
$
0.12

 
$
(1.84
)
 
 
Three Months Ended 2014
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(In Thousands, Except Per Share Amounts)
Total revenues
 
$
212,857

 
$
242,489

 
$
306,371

 
$
315,850

Gross profit
 
24,850

 
35,475

 
34,744

 
(1,428
)
Net income (loss)
 
(6,090
)
 
(1,550
)
 
(12,467
)
 
(147,468
)
Net income (loss) attributable to TETRA stockholders
 
(6,934
)
 
(2,457
)
 
(10,537
)
 
(149,750
)
Net income (loss) per share before discontinued operations attributable to TETRA stockholders
 
$
(0.09
)
 
$
(0.03
)
 
$
(0.13
)
 
$
(1.90
)
Net income (loss) per diluted share before discontinued operations attributable to TETRA stockholders
 
$
(0.09
)
 
$
(0.03
)
 
$
(0.13
)
 
$
(1.90
)

 
Gross profit (loss) for the three months ended December 31, 2015, includes the impact of $44.2 million for certain impairments of long-lived assets, and net loss for this period includes the additional impact of $177.0 million for impairment of goodwill.

Gross profit (loss) for the three months ended December 31, 2014, includes the impact of $34.8 million for certain impairments of long-lived assets, and net loss for this period includes the additional impact of $60.4 million for impairment of goodwill.