XML 32 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Industry Segments
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Industry Segments INDUSTRY SEGMENTS
 
We manage our operations through three Divisions: Completion Fluids & Products, Water & Flowback Services, and Compression.

 Summarized financial information concerning the business segments is as follows:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2020
 
2019
 
2020
 
2019
 
(In Thousands)
Revenues from external customers
 

 
 

 
 

 
 

Product sales
 

 
 

 
 
 
 
Completion Fluids & Products Division
$
67,243

 
$
72,806

 
$
137,433

 
$
130,134

Water & Flowback Services Division
8

 
367

 
33

 
731

Compression Division
30,922

 
62,177

 
45,740

 
96,266

Consolidated
$
98,173

 
$
135,350

 
$
183,206

 
$
227,131

 
 
 
 
 
 
 
 
Services
 

 
 

 
 
 
 
Completion Fluids & Products Division
$
4,103

 
$
6,961

 
$
9,150

 
$
11,214

Water & Flowback Services Division
24,715

 
72,757

 
82,157

 
151,071

Compression Division
65,450

 
73,728

 
140,870

 
143,108

Consolidated
$
94,268

 
$
153,446

 
$
232,177

 
$
305,393

 
 
 
 
 
 
 
 
Total revenues
 

 
 

 
 
 
 
Completion Fluids & Products Division
$
71,346

 
$
79,767

 
$
146,583

 
$
141,348

Water & Flowback Services Division
24,723

 
73,124

 
82,190

 
151,802

Compression Division
96,372

 
135,905

 
186,610

 
239,374

Interdivision eliminations

 

 

 

Consolidated
$
192,441

 
$
288,796

 
$
415,383

 
$
532,524

 
 
 
 
 
 
 
 
Income (loss) before taxes
 

 
 

 
 
 
 
Completion Fluids & Products Division
$
13,202

 
$
14,614

 
$
32,598

 
$
20,800

Water & Flowback Services Division
(8,418
)
 
2,460

 
(10,662
)
 
4,691

Compression Division
(23,006
)
 
(3,483
)
 
(35,796
)
 
(11,284
)
Interdivision eliminations
2

 
1

 
7

 
7

Corporate Overhead(1)
(16,909
)
 
(19,303
)
 
(30,353
)
 
(36,990
)
Consolidated
$
(35,129
)
 
$
(5,711
)
 
$
(44,206
)
 
$
(22,776
)

(1)
Amounts reflected include the following general corporate expenses:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2020
 
2019
 
2020
 
2019
 
(In Thousands)
General and administrative expense
$
11,611

 
$
14,350

 
$
19,692

 
$
26,439

Depreciation and amortization
175

 
172

 
372

 
340

Interest expense
4,749

 
5,696

 
10,204

 
11,038

Warrants fair value adjustment (income) expense
11

 
(1,520
)
 
(327
)
 
(1,113
)
Other general corporate (income) expense, net
363

 
605

 
412

 
286

Total
$
16,909

 
$
19,303

 
$
30,353

 
$
36,990