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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Summary of Significant Accounting Policies (Tables)  
Allowances for Doubtful Accounts Table
 
 
Year Ended December 31,
 
 
2015
 
2014
 
2013
 
 
(In Thousands)
At beginning of period
 
$
2,485

 
$
1,349

 
$
1,085

Activity in the period:
 
 

 
 

 
 

Provision for doubtful accounts
 
5,387

 
856

 
374

Account (chargeoffs) recoveries
 
(25
)
 
280

 
(110
)
At end of period
 
$
7,847

 
$
2,485

 
$
1,349

Inventories Table
 
 
December 31,
 
 
2015
 
2014
 
 
(In Thousands)
Finished goods
 
$
54,587

 
$
62,188

Raw materials
 
1,731

 
5,005

Parts and supplies
 
37,379

 
51,229

Work in progress
 
23,312

 
70,935

Total inventories
 
$
117,009

 
$
189,357

Property, Plant, and Equipment Table
Buildings
 
15 – 40 years
Barges and vessels
 
5 – 30 years
Machinery and equipment
 
2 – 20 years
Automobiles and trucks
 
3 – 4 years
Chemical plants
 
15 – 30 years
Compressors
 
12 – 20 years
Goodwill Table
 
 
Fluids
 
Production Testing
 
Compression
 
Offshore Services
 
Maritech
 
Total
 
 
(In Thousands)
Balance as of December 31, 2012
 
$

 
$
113,507

 
$
72,161

 
$
3,936

 
$

 
$
189,604

Goodwill adjustments
 

 
(1,445
)
 

 

 

 
(1,445
)
Balance as of December 31, 2013
 

 
112,062

 
72,161

 
3,936

 

 
188,159

Goodwill acquired during the year
 
6,636

 
5,809

 
161,387

 
 
 
 
 
173,832

Goodwill adjustments
 

 
(64,189
)
 

 
(3,936
)
 

 
(68,125
)
Balance as of December 31, 2014
 
6,636

 
53,682

 
233,548

 

 

 
293,866

Goodwill adjustments
 

 
(39,775
)
 
(141,146
)
 

 
 
 
(180,921
)
Balance as of December 31, 2015
 
$
6,636

 
$
13,907

 
$
92,402

 
$

 
$

 
$
112,945

Services and Rentals Revenues and Costs Table
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In Thousands)
Rental revenue
$
136,384

 
$
91,509

 
$
20,492

Rental expenses
$
67,718

 
$
43,240

 
$
8,422

Fair Value Measurements on a Recurring Basis Table
 
 
 
 
Fair Value Measurements Using
 
 
Total as of
 
Quoted Prices
in Active
Markets for
Identical
Assets
or Liabilities
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Description
 
Dec 31, 2015
 
(Level 1)

 
(Level 2)
 
(Level 3)

 
 
(In Thousands)
Asset for foreign currency derivative contracts
 
$
23

 
$

 
$
23

 
$

Liability for foreign currency derivative contracts
 
(385
)
 

 
(385
)
 

Acquisition contingent consideration liability
 

 

 

 

Total
 
$
(362
)
 
 
 
 
 
 


A summary of these fair value measurements as of December 31, 2014, is as follows:
 
 
 
 
Fair Value Measurements Using
 
 
Total as of
 
Quoted Prices
in Active
Markets for
Identical
Assets
or Liabilities
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Description
 
Dec 31, 2014
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
(In Thousands)
Asset for foreign currency derivative contracts
 
$

 
$

 
$

 
$

Liability for foreign currency derivative contracts
 
(174
)
 

 
(174
)
 

Acquisition contingent consideration liability
 

 

 

 

Total
 
$
(174
)
 
 
 
 
 
 
Fair Value Measurements on a Nonrecurring Basis Table
 
 
 
 
Fair Value Measurements Using
 
 
 
 
Total as of
 
Quoted Prices
in Active
Markets for
Identical
Assets
or Liabilities (Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Year-to-Date
Impairment Losses
Description
 
Dec 31, 2015
 
 
 
 
 
 
(In Thousands)
Compression equipment
 
$
772

 
$

 
$

 
$
772

 
$
6,300

Compression intangible assets
 

 

 

 

 
5,659

Compression goodwill
 
92,402

 

 

 
92,402

 
139,444

Production Testing equipment
 
14,476

 

 

 
14,476

 
12,310

Production Testing goodwill
 
13,907

 

 

 
13,907

 
37,562

Fluids equipment and facilities
 
6,323

 

 

 
6,323

 
19,889

Other
 

 

 

 

 

Total
 
$
127,880

 
 
 
 
 
 
 
$
221,164


A summary of these nonrecurring fair value measurements as of December 31, 2014, using the fair value hierarchy is as follows:
 
 
 
 
Fair Value Measurements Using
 
 
 
 
Total as of
 
Quoted Prices
in Active
Markets for
Identical
Assets
or Liabilities (Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Year-to-Date
Impairment Losses
Description
 
Dec 31, 2014
 
 
 
 
 
 
(In Thousands)
Offshore Services assets
 
$
103,155

 
$

 
$

 
$
103,155

 
$
13,308

Offshore Services goodwill
 

 

 

 

 
3,936

Production Testing equipment
 
94,328

 

 

 
94,328

 
7,646

Production Testing intangible assets
 
34,941

 

 

 
34,941

 
6,831

Production Testing goodwill
 
53,681

 

 

 
53,681

 
60,359

Fluids equipment and facilities
 
1,225

 

 

 
1,225

 
5,201

Other
 

 

 

 

 
1,856

Total
 
$
287,330

 
 
 
 
 
 
 
$
99,137