Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2021
	Compression		Offshore Services		Total
Major classes of line items constituting loss from discontinued operations
General and administrative expense	$	—	$	5	$	5
Other expense, net	121		—		121
Pretax loss from discontinued operations	(121)		(5)		(126)
Loss from discontinued operations attributable to TETRA stockholders					$	(126)

	Three Months Ended June 30, 2020
	Compression		Offshore Services		Total
Major classes of line items constituting loss from discontinued operations
Revenue	$	96,371	$	—	$	96,371
Cost of revenues	62,768		(274)		62,494
Depreciation, amortization, and accretion	20,116		—		20,116
Impairments and other charges	8,977		—		8,977
General and administrative expense	10,152		111		10,263
Interest expense, net	12,982		—		12,982
Other expense, net	4,380		—		4,380
Pretax income (loss) from discontinued operations	(23,004)		163		(22,841)
Income tax provision					947
Total loss from discontinued operations					(23,788)
Loss from discontinued operations attributable to noncontrolling interest					15,781
Loss from discontinued operations attributable to TETRA stockholders					$	(8,007)

	Six Months Ended June 30, 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		—		2,795
Interest expense, net	4,336		—		4,336
Other expense, net	15		—		15
Pretax income (loss) from discontinued operations	348		(28)		320
Pretax gain on disposal of discontinued operations					120,574
Total pretax income from discontinued operations					120,894
Income tax provision					30
Total income from discontinued operations					120,864
Income from discontinued operations attributable to noncontrolling interest					(333)
Income from discontinued operations attributable to TETRA stockholders					$	120,531

	Six Months Ended June 30, 2020
	Compression		Offshore Services		Total
Major classes of line items constituting loss from discontinued operations
Revenue	$	186,610	$	—	$	186,610
Cost of revenues	117,347		(334)		117,013
Depreciation, amortization, and accretion	40,025		—		40,025
Impairments and other charges	14,348		—		14,348
General and administrative expense	20,341		316		20,657
Interest expense, net	25,546		—		25,546
Other expense, net	4,798		—		4,798
Pretax (loss) income from discontinued operations	(35,795)		18		(35,777)
Income tax provision					1,379
Total income from discontinued operations					(37,156)
Loss from discontinued operations attributable to noncontrolling interest					24,615
Loss from discontinued operations attributable to TETRA stockholders					$	(12,541)

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

(in thousands)

	June 30, 2021
	Offshore Services		Maritech		Total
Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	$	1,223	$	—	$	1,223
Accrued liabilities and other	150		228		378
Total liabilities associated with discontinued operations	$	1,373	$	228	$	1,601

	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