XML 28 R15.htm IDEA: XBRL DOCUMENT v3.22.4
Revenue from Contract with Customer (Notes)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer REVENUE FROM CONTRACTS WITH CUSTOMERS
    Our contract asset balances, primarily associated with customer documentation requirements, were $33.1 million, $20.5 million, and $12.8 million as of December 31, 2022, 2021, and 2020, respectively. Contract assets, along with billed trade accounts receivable, are included in trade accounts receivable in our consolidated balance sheets.

Unearned income includes amounts in which the Company was contractually allowed to invoice prior to satisfying the associated performance obligations. Unearned income balances were $3.7 million and $3.2 million as of December 31, 2022 and 2021, respectively, and vary based on the timing of invoicing and performance obligations being met. Unearned income is included in accrued liabilities and other in our consolidated balance sheets. During the year ended December 31, 2022, we recognized approximately $0.6 million of revenue deferred in unearned income as of the beginning of the period. This amount is included in products sales and services revenues in our consolidated statements of operations. Revenue recognized during the years ended December 31 2021 and 2020 deferred as of the end of the preceding year was not significant. During the years ended December 31, 2022, 2021, and 2020, contract costs were not significant.

We disaggregate revenue from contracts with customers into Product Sales and Services within each segment, as noted in our two reportable segments in Note 17 - “Industry Segments and Geographic Information”. In addition, we disaggregate revenue from contracts with customers by geography based on the following table below:
Year Ended December 31,
202220212020
 (In Thousands)
Completion Fluids & Products
United States$137,851 $96,291 $100,076 
International135,522 123,357 142,585 
$273,373 $219,648 $242,661 
Water & Flowback Services
United States$254,113 $155,495 $125,759 
International25,727 13,129 9,295 
$279,840 $168,624 $135,054 
Total Revenue
United States$391,964 $251,786 $225,835 
International161,249 136,486 151,880 
$553,213 $388,272 $377,715 

We are also party to agreements in which Standard Lithium has the right to explore, and an option to acquire the rights to produce and extract lithium in our Arkansas leases as well as other potential resources in the Mojave region of California. The Company receives cash and stock of Standard Lithium under the terms of the arrangements. The cash and stock component of consideration received is initially recorded as unearned income based on the quoted market price at the time the stock is received, then recognized in income over the contract
term. See Minerals Resources Arrangements within Note 2 - “Summary of Significant Accounting Policies” for further discussion.