Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Summary of financial information has been segregated from continuing operations

The following summarized financial information has been segregated from continuing operations and reported as Discontinued Operations for the years ended December 31, 2016, 2015, and 2014 (in thousands):

	Drilling Technologies									Production Technologies
	2016			2015			2014			2016			2015			2014
Discontinued operations:
Revenue	$	27,627		$	52,112		$	113,302		$	8,292		$	12,281		$	16,003
Cost of revenue	(18,667		)	(35,410		)	(67,651		)	(7,881		)	(10,179		)	(9,459		)
Selling, general and administrative	(15,285		)	(21,049		)	(22,870		)	(3,790		)	(4,158		)	(3,040		)
Depreciation and amortization	(1,714		)	(3,240		)	(3,343		)	(584		)	(658		)	(254		)
Research and development	(64		)	(202		)	(172		)	(888		)	(596		)	(17		)
Gain (loss) on disposal of long-lived assets	103			17			(244		)	(50		)	3			14
Impairment of inventory and long-lived assets	(36,522		)	(19,568		)	—			(3,913		)	(804		)	—
(Loss) income from operations	(44,522		)	(27,340		)	19,022			(8,814		)	(4,111		)	3,247
Other expense	(412		)	(259		)	(227		)	(96		)	(40		)	(28		)
Loss on sale of assets	(1,199		)	—			—			—			—			—
Loss on write-down of assets held for sale	(18,971		)	—			—			(6,161		)	—			—
(Loss) income before income taxes	(65,104		)	(27,599		)	18,795			(15,071		)	(4,151		)	3,219
Income tax benefit (expense)	23,661			9,675			(6,858		)	5,477			1,455			(1,175		)
Net (loss) income from discontinued operations	$	(41,443	)	$	(17,924	)	$	11,937		$	(9,594	)	$	(2,696	)	$	2,044

The assets and liabilities held for sale on the Consolidated Balance Sheets as of December 31, 2016 and 2015 are as follows (in thousands):

	Drilling Technologies					Production Technologies
	December 31, 2016			December 31, 2015		December 31, 2016			December 31, 2015
Assets:
Accounts receivable, net	$	5,072		$	7,712	$	1,784		$	5,974
Inventories	9,078			22,388		8,115			12,234
Other current assets	278			315		370			232
Long-term receivable	—			—		4,179			—
Property and equipment, net	11,277			27,837		3,978			4,070
Goodwill	15,333			15,333		1,689			1,689
Other intangible assets, net	7,395			17,648		484			540
Assets held for sale	48,433			91,233		20,599			24,739
Valuation allowance	(18,971		)	—		(6,161		)	—
Assets held for sale, net	$	29,462		$	91,233	$	14,438		$	24,739
Liabilities:
Accounts payable	$	2,472		$	1,441	$	914		$	782
Accrued liabilities	1,190			1,897		385			517
Liabilities held for sale	$	3,662		$	3,338	$	1,299		$	1,299