Industry Segments

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Industry Segments

INDUSTRY SEGMENTS

We manage our operations through two segments: Completion Fluids & Products Division and Water & Flowback Services Division.

Summarized financial information concerning the business segments is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In Thousands)
Revenues from external customers
Product sales
Completion Fluids & Products Division	$	46,322	$	49,986	$	153,905	$	187,419
Water & Flowback Services Division	18		23		50		56
Consolidated	$	46,340	$	50,009	$	153,955	$	187,475
Services
Completion Fluids & Products Division	$	2,369	$	1,964	$	5,914	$	11,114
Water & Flowback Services Division	46,765		21,511		115,255		103,668
Consolidated	$	49,134	$	23,475	$	121,169	$	114,782
Total revenues
Completion Fluids & Products Division	$	48,691	$	51,950	$	159,819	$	198,533
Water & Flowback Services Division	46,783		21,534		115,305		103,724
Consolidated	$	95,474	$	73,484	$	275,124	$	302,257
Income (loss) before taxes
Completion Fluids & Products Division	$	14,675	$	11,756	$	40,113	$	44,354
Water & Flowback Services Division	(1,807)		(7,746)		(12,265)		(18,408)
Interdivision eliminations	3		4		9		10
Corporate Overhead(1)	(9,789)		(13,472)		(41,820)		(43,825)
Consolidated	$	3,082	$	(9,458)	$	(13,963)	$	(17,869)

(1) Amounts reflected include the following general corporate expenses:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In Thousands)
General and administrative expense	$	8,409	$	8,959	$	30,973	$	28,650
Depreciation and amortization	228		270		646		643
Interest expense	4,247		4,706		13,354		14,909
Warrants fair value adjustment (income) expense	(3,164)		—		(143)		(327)
Other general corporate income, net	69		(463)		(3,010)		(50)
Total	$	9,789	$	13,472	$	41,820	$	43,825