Industry Segments

3 Months Ended

Mar. 31, 2022

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 March 31,
	2022		2021
	(in thousands)
Revenues from external customers
Product sales
Completion Fluids & Products Division	$	69,888	$	45,019
Water & Flowback Services Division	167		13
Consolidated	$	70,055	$	45,032
Services
Completion Fluids & Products Division	$	3,306	$	1,503
Water & Flowback Services Division	56,676		30,789
Consolidated	$	59,982	$	32,292
Total revenues
Completion Fluids & Products Division	$	73,194	$	46,522
Water & Flowback Services Division	56,843		30,802
Consolidated	$	130,037	$	77,324
Income (loss) before taxes
Completion Fluids & Products Division	$	19,292	$	9,010
Water & Flowback Services Division	2,682		(5,480)
Interdivision eliminations	3		3
Corporate Overhead(1)	(13,043)		(15,308)
Consolidated	$	8,934	$	(11,775)

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

	Three Months Ended March 31,
	2022		2021
	(in thousands)
General and administrative expense	$	10,346	$	13,020
Depreciation and amortization	191		169
Interest expense	3,647		5,064
Other general corporate income, net	(1,141)		(2,945)
Total	$	13,043	$	15,308