(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.

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 September 30, 2017

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	77,206	$	248,405	$	97,333	$	83,085	$	-	$	506,029
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		31,715		210,103		78,074		48,387		-		368,279
Depreciation, depletion, amortization
and accretion		32,055		48,828		19,606		8,262		-		108,751
General and administrative expenses		16,491		22,931		17,441		17,509		-		74,372
Reduction in value of assets		-		1,838		-		8,115		-		9,953
Income (loss) from operations		(3,055)		(35,295)		(17,788)		812		-		(55,326)
Interest income (expense), net		-		-		-		926		(30,022)		(29,096)
Other expense		-		-		-		-		(970)		(970)
Income (loss) from continuing operations
before income taxes	$	(3,055)	$	(35,295)	$	(17,788)	$	1,738	$	(30,992)	$	(85,392)



Three Months Ended September 30, 2016

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	59,587	$	125,022	$	77,523	$	64,093	$	-	$	326,225
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		26,955		124,747		66,000		40,466		-		258,168
Depreciation, depletion, amortization and accretion		37,950		51,346		23,131		10,881		-		123,308
General and administrative expenses		20,431		23,124		19,712		23,476		-		86,743
Loss from operations		(25,749)		(74,195)		(31,320)		(10,730)		-		(141,994)
Interest income (expense), net		-		-		(17)		870		(22,624)		(21,771)
Other income		-		-		-		-		3,667		3,667
Loss from continuing operations before income taxes	$	(25,749)	$	(74,195)	$	(31,337)	$	(9,860)	$	(18,957)	$	(160,098)



Nine Months Ended September 30, 2017

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	214,464	$	702,463	$	254,544	$	205,562	$	-	$	1,377,033
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		94,191		610,154		210,778		126,944		-		1,042,067
Depreciation, depletion, amortization and accretion		100,859		144,090		60,905		25,297		-		331,151
General and administrative expenses		50,576		73,522		50,113		52,362		-		226,573
Reduction in value of assets		-		1,838		-		8,115		-		9,953
Loss from operations		(31,162)		(127,141)		(67,252)		(7,156)		-		(232,711)
Interest income (expense), net		-		-		-		2,627		(79,306)		(76,679)
Other expense		-		-		-		-		(2,477)		(2,477)
Loss from continuing operations
before income taxes	$	(31,162)	$	(127,141)	$	(67,252)	$	(4,529)	$	(81,783)	$	(311,867)



Nine Months Ended September 30, 2016

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical				Consolidated
	Services		Services		Services		Solutions		Unallocated		Total
Revenues	$	224,213	$	373,387	$	267,389	$	230,640	$	-	$	1,095,629
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		92,487		363,447		210,823		135,385		-		802,142
Depreciation, depletion, amortization and accretion		125,831		158,885		72,959		34,342		-		392,017
General and administrative expenses		71,403		68,250		61,214		69,600		-		270,467
Reduction in value of assets		47,659		188,741		226,061		-		-		462,461
Loss from operations		(113,167)		(405,936)		(303,668)		(8,687)		-		(831,458)
Interest income (expense), net		-		-		(1,330)		2,669		(69,664)		(68,325)
Other income		-		-		-		-		22,103		22,103
Loss from continuing operations
before income taxes	$	(113,167)	$	(405,936)	$	(304,998)	$	(6,018)	$	(47,561)	$	(877,680)



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Consolidated
	Services		Services		Services		Solutions		Total
September 30, 2017	$	686,609	$	1,564,596	$	531,809	$	428,117	$	3,211,131
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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
United States	$	423,137	$	243,586		1,158,810	$	808,546
Other countries		82,892		82,639		218,223		287,083
Total	$	506,029	$	326,225	$	1,377,033	$	1,095,629

Long-Lived Assets
	September 30, 2017		December 31, 2016
United States	$	1,095,568	$	1,288,077
Other countries		283,992		317,288
Total	$	1,379,560	$	1,605,365