Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

A summary of financial information related to our discontinued operations is as follows:

Reconciliation of the Line Items Constituting Pretax Loss from Discontinued Operations to the After-Tax Loss from Discontinued Operations

(in thousands)

	Three Months Ended March 31, 2021
	Compression		Offshore Services		Total
Major classes of line items constituting income from discontinued operations
Revenue	$	18,968	$	—	$	18,968
Cost of revenues	11,474		28		11,502
General and administrative expense	2,795		(5)		2,790
Interest expense, net	4,336		—		4,336
Other expense, net	(106)		—		(106)
Pretax income (loss) from discontinued operations	469		(23)		446
Pretax gain on disposal of discontinued operations					120,574
Total pretax income from discontinued operations					121,020
Income tax provision					30
Total income from discontinued operations					$	120,990
Income from discontinued operations attributable to noncontrolling interest					$	(333)
Income from discontinued operations attributable to TETRA stockholders					$	120,657

	Three Months Ended March 31, 2020
	Compression		Offshore Services		Total
Major classes of line items constituting loss from discontinued operations
Revenue	$	90,238	$	—	$	90,238
Cost of revenues	54,579		(60)		54,519
Depreciation, amortization, and accretion	19,908		—		19,908
Impairments and other charges	5,371		—		5,371
General and administrative expense	10,189		205		10,394
Interest expense, net	12,564		—		12,564
Other expense, net	417		—		417
Pretax (loss) from discontinued operations	(12,790)		(145)		(12,935)
Income tax provision					433
Total loss from discontinued operations					$	(13,368)
Loss from discontinued operations attributable to noncontrolling interest					$	8,834
Loss from discontinued operations attributable to TETRA stockholders					$	(4,534)

Reconciliation of Major Classes of Assets and Liabilities of the Discontinued Operations to Amounts Presented Separately in the Statement of Financial Position

(in thousands)

	March 31, 2021
	Offshore Services		Maritech		Total
Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	$	1,222	$	—	$	1,222
Accrued liabilities and other	296		228		524
Total liabilities associated with discontinued operations	$	1,518	$	228	$	1,746

	December 31, 2020
	Compression		Offshore Services		Maritech		Total
Carrying amounts of major classes of assets included as part of discontinued operations
Cash and cash equivalents	$	16,577	$	—	$	—	$	16,577
Trade receivables	43,837		—		—		43,837
Inventories	31,220		—		—		31,220
Other current assets	5,231		—		—		5,231
Property, plant, and equipment	551,401		—		—		551,401
Other assets	61,740		—		—		61,740
Total assets associated with discontinued operations	$	710,006	$	—	$	—	$	710,006
Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	$	19,766	$	1,222	$	—	$	20,988
Unearned Income	269		—		—		269
Accrued liabilities and other	36,318		352		228		36,898
Long-term debt, net	638,631		—		—		638,631
Other liabilities	37,253		—		—		37,253
Total liabilities associated with discontinued operations	$	732,237	$	1,574	$	228	$	734,039