Discontinued Operations

9 Months Ended

Sep. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONSOn March 1, 2018, we closed a series of related transactions that resulted in the disposition of our Offshore Division, consisting of our Offshore Services and Maritech segments. Our former Offshore Division is reported as discontinued operations for all periods presented. Our consolidated balance sheets and consolidated statements of operations report discontinued operations separate from continuing operations. Our consolidated statements of comprehensive income, statements of equity and statements of cash flows combine continuing and discontinued operations. Our loss from discontinued operations for the three and nine months ended September 30, 2023 consists primarily of general and administrative expense associated with our former Offshore Division. A summary of additional 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, unaudited)

	Three Months Ended September 30, 2022
	Offshore Services
Major classes of line items constituting income from discontinued operations
General and administrative expense	$	510
Pretax loss from discontinued operations	(510)
Pretax gain on disposal of discontinued operations	829
Total pretax income from discontinued operations	319
Income from discontinued operations attributable to TETRA stockholders	$	319

	Nine Months Ended September 30, 2022
	Offshore Services		Maritech		Total
Major classes of line items constituting income from discontinued operations
Cost of revenues	$	54	$	—	$	54
General and administrative expense	533		—		533
Other income, net	—		(28)		(28)
Pretax income (loss) from discontinued operations	(587)		28		(559)
Pretax gain on disposal of discontinued operations					829
Total pretax income from discontinued operations					270
Income from discontinued operations attributable to TETRA stockholders					$	270

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, 2023
	Offshore Services		Maritech		Total
	(unaudited)
Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	$	319	$	—	$	319
Accrued liabilities and other	—		95		95
Total liabilities associated with discontinued operations	$	319	$	95	$	414

	December 31, 2022
	Offshore Services		Maritech		Total
Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	$	319	$	—	$	319
Accrued liabilities and other	506		95		601
Total liabilities associated with discontinued operations	$	825	$	95	$	920