(8) Segment Information

Business Segments

The Drilling Products and Services segment rents and sells premium drill pipe, bottom hole assemblies, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities. It also provides on-site accommodations and machining services. The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a variety of well completion, workover and maintenance services. The Production Services segment provides intervention services such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services and well plug and abandonment services. It also includes production and sale of oil and gas and production handling arrangements.

The Company evaluates the performance of its reportable segments based on income or loss from operations. The segment measure is calculated as follows: segment revenues less segment operating expenses, depreciation, depletion, amortization and accretion expense, reduction in value of assets and allocated corporate general and administrative expenses. Corporate general and administrative expenses are allocated to the segments based primarily on specific identification and, to the extent that such identification is not practical, other methods that the Company believes to be a reasonable reflection of the utilization of services provided. The Company believes this segment measure is useful in evaluating the performance of its reportable segments because it highlights operating trends and aids analytical comparisons.

Summarized financial information for the Company’s segments is as follows (in thousands):



Three Months Ended June 30, 2017

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	68,827	$	249,079	$	88,606	$	63,556	$	-	$	470,068
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		33,326		206,485		71,523		40,468		-		351,802
Depreciation, depletion, amortization
and accretion		33,829		45,379		20,463		8,448		-		108,119
General and administrative expenses		16,612		25,820		16,872		17,404		-		76,708
Loss from operations		(14,940)		(28,605)		(20,252)		(2,764)		-		(66,561)
Interest income (expense), net		-		-		-		911		(24,244)		(23,333)
Other expense		-		-		-		-		(2,156)		(2,156)
Loss from continuing operations
before income taxes	$	(14,940)	$	(28,605)	$	(20,252)	$	(1,853)	$	(26,400)	$	(92,050)



Three Months Ended June 30, 2016

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	76,204	$	115,893	$	84,972	$	79,202	$	-	$	356,271
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		31,611		115,370		67,336		44,318		-		258,635
Depreciation, depletion, amortization and accretion		42,741		52,912		24,599		11,785		-		132,037
General and administrative expenses		23,889		20,076		17,785		20,997		-		82,747
Reduction in value of assets		47,659		188,741		223,883		-		-		460,283
Income (loss) from operations		(69,696)		(261,206)		(248,631)		2,102		-		(577,431)
Interest income (expense), net		-		-		(520)		856		(23,084)		(22,748)
Other income		-		-		-		-		10,681		10,681
Income (loss) from continuing operations before income taxes	$	(69,696)	$	(261,206)	$	(249,151)	$	2,958	$	(12,403)	$	(589,498)



Six Months Ended June 30, 2017

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	137,258		454,058		157,211		122,477	$	-	$	871,004
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		62,476		400,051		132,704		78,557		-		673,788
Depreciation, depletion, amortization and accretion		68,804		95,262		41,299		17,035		-		222,400
General and administrative expenses		34,085		50,591		32,672		34,853		-		152,201
Loss from operations		(28,107)		(91,846)		(49,464)		(7,968)		-		(177,385)
Interest income (expense), net		-		-		-		1,701		(49,284)		(47,583)
Other expense		-		-		-		-		(1,507)		(1,507)
Loss from continuing operations
before income taxes	$	(28,107)	$	(91,846)	$	(49,464)	$	(6,267)	$	(50,791)	$	(226,475)



Six Months Ended June 30, 2016

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	164,626	$	248,365	$	189,866	$	166,547	$	-	$	769,404
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		65,532		238,700		144,823		94,919		-		543,974
Depreciation, depletion, amortization and accretion		87,881		107,539		49,828		23,461		-		268,709
General and administrative expenses		50,972		45,126		41,502		46,124		-		183,724
Reduction in value of assets		47,659		188,741		226,061		-		-		462,461
Income (loss) from operations		(87,418)		(331,741)		(272,348)		2,043		-		(689,464)
Interest expense, net		-		-		(1,313)		1,799		(47,040)		(46,554)
Other income		-		-		-		-		18,436		18,436
Income (loss) from continuing operations
before income taxes	$	(87,418)	$	(331,741)	$	(273,661)	$	3,842	$	(28,604)	$	(717,582)



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Consolidated
	Services		Services		Services		Solutions		Total
June 30, 2017	$	737,312	$	1,570,004	$	543,538	$	435,076	$	3,285,930
December 31, 2016	$	849,046	$	1,573,801	$	598,909	$	448,499	$	3,470,255

Geographic Segments

The Company attributes revenue to various countries based on the location of where services are performed or the destination of the drilling products or equipment sold or rented. Long-lived assets consist primarily of property, plant and equipment and are attributed to various countries based on the physical location of the asset at the end of a period. The Company’s revenue attributed to the U.S. and to other countries and the value of its long-lived assets by those locations are as follows (in thousands):



Revenues
	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
United States	$	402,065	$	261,384	$	735,674	$	564,960
Other countries		68,003		94,887		135,330		204,444
Total	$	470,068	$	356,271	$	871,004	$	769,404

Long-Lived Assets
	June 30, 2017		December 31, 2016
United States	$	1,149,913	$	1,288,077
Other countries		305,363		317,288
Total	$	1,455,276	$	1,605,365