Discontinued Operations (Tables)

9 Months Ended

Sep. 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 September 30, 2021
	Compression		Offshore Services		Total
Major classes of line items constituting loss from discontinued operations
Cost of revenues	$	—	$	(174)	$	(174)
General and administrative expense	—		6		6
Other expense, net	150		—		150
Pretax (loss) income from discontinued operations	(150)		168		18
Loss from discontinued operations attributable to TETRA stockholders					$	18

	Three Months Ended September 30, 2020
	Compression		Offshore Services		Total
Major classes of line items constituting loss from discontinued operations
Revenue	$	79,117	$	—	$	79,117
Cost of revenues	49,414		2		49,416
Depreciation, amortization, and accretion	19,948		—		19,948
General and administrative expense	9,133		170		9,303
Interest expense, net	13,293		—		13,293
Other expense, net	(1,348)		—		(1,348)
Pretax loss from discontinued operations	(11,323)		(172)		(11,495)
Income tax provision					544
Total loss from discontinued operations					(12,039)
Loss from discontinued operations attributable to noncontrolling interest					8,342
Loss from discontinued operations attributable to TETRA stockholders					$	(3,697)

	Nine Months Ended September 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		(146)		11,328
General and administrative expense	2,796		6		2,802
Interest expense, net	4,336		—		4,336
Other expense, net	164		—		164
Pretax income from discontinued operations	198		140		338
Pretax gain on disposal of discontinued operations					120,574
Total pretax income from discontinued operations					120,912
Income tax provision					30
Total income from discontinued operations					120,882
Income from discontinued operations attributable to noncontrolling interest					(333)
Income from discontinued operations attributable to TETRA stockholders					$	120,549

	Nine Months Ended September 30, 2020
	Compression		Offshore Services		Total
Major classes of line items constituting loss from discontinued operations
Revenue	$	265,727	$	—	$	265,727
Cost of revenues	167,279		(332)		166,947
Depreciation, amortization, and accretion	59,972		—		59,972
Impairments and other charges	14,348		—		14,348
General and administrative expense	29,474		487		29,961
Interest expense, net	38,839		—		38,839
Other expense, net	2,932		—		2,932
Pretax loss from discontinued operations	(47,117)		(155)		(47,272)
Income tax provision					1,923
Total loss from discontinued operations					(49,195)
Loss from discontinued operations attributable to noncontrolling interest					32,957
Loss from discontinued operations attributable to TETRA stockholders					$	(16,238)

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

(in thousands)

	September 30, 2021
	Offshore Services		Maritech		Total
Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	$	1,099	$	—	$	1,099
Accrued liabilities and other	—		228		228
Total liabilities associated with discontinued operations	$	1,099	$	228	$	1,327

	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