Assets Held for Sale - (Tables)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of assets classified as held for sale

The following summarized financial information has been segregated from continuing operations and reported as Discontinued Operations for the three and nine months ended September 30, 2017 (in thousands):

	Three months ended September 30, 2017			Nine months ended September 30, 2017
Drilling Technologies
Revenue	$	—		$	11,534
Cost of revenue	—			(7,259		)
Selling, general and administrative	(791		)	(6,562		)
Research and development	—			(6		)
Gain on disposal of long-lived assets	36			97
Loss from operations	(755		)	(2,196		)
Other income (expense)	26			(91		)
Gain (loss) on sales of businesses	463			(902		)
Loss on write-down of assets held for sale	—			(6,831		)
Loss before income taxes	(266		)	(10,020		)
Income tax benefit	581			3,473
Net income (loss) from discontinued operations	$	315		$	(6,547	)
Production Technologies
Revenue	$	—		$	4,002
Cost of revenue	—			(3,189		)
Selling, general and administrative	(64		)	(1,739		)
Research and development	—			(364		)
Loss from operations	(64		)	(1,290		)
Other expense	—			(52		)
Gain on sale of businesses	61			233
Loss on write-down of assets held for sale	—			(9,718		)
Loss before income taxes	(3		)	(10,827		)
Income tax benefit	7			3,753
Net income (loss) from discontinued operations	$	4		$	(7,074	)
Drilling Technologies and Production Technologies
Income (loss) from discontinued operations, net of tax	$	319		$	(13,621	)

The assets classified as held for sale at December 31, 2017 is as follows (in thousands):

Property and equipment, net	$	4,998
Valuation allowance	—
Assets held for sale, net	$	4,998