XML 67 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Revenue $ 19,416 $ 43,256
Costs and expenses:    
Operating expenses (excluding depreciation and amortization) 22,841 43,968
Corporate general and administrative 4,493 7,281
Depreciation and amortization 2,191 2,260
Research and development 2,555 2,285
(Gain) loss on disposal of long-lived assets (33) 1,097
Impairment of fixed and long-lived assets 57,454 0
Total costs and expenses 89,501 56,891
Loss from operations (70,085) (13,635)
Other (expense) income:    
Interest expense (4) (1,998)
Other (expense) income, net (47) 110
Total other expense (51) (1,888)
Loss before income taxes (70,136) (15,523)
Income tax benefit 6,169 311
Loss from continuing operations (63,967) (15,212)
Income from discontinued operations, net of tax 0 46,074
Net (loss) income (63,967) 30,862
Amounts attributable to Flotek shareholders:    
Loss from continuing operations (63,967) (15,212)
Income from discontinued operations, net of tax 0 46,074
Net (loss) income attributable to Flotek $ (63,967) $ 30,862
Basic earnings (loss) per common share:    
Continuing operations (in dollars per share) $ (1.07) $ (0.26)
Discontinued operations, net of tax (in dollars per share) 0 0.79
Basic earnings (loss) per common share (in dollars per share) (1.07) 0.53
Diluted earnings (loss) per common share:    
Continuing operations (in dollars per share) (1.07) (0.26)
Discontinued operations, net of tax (in dollars per share) 0 0.79
Diluted earnings (loss) per common share (in dollars per share) $ (1.07) $ 0.53
Weighted average common shares:    
Weighted average common shares used in computing basic earnings (loss) per common share (in shares) 59,836 58,373
Weighted average common shares used in computing diluted earnings (loss) per common share (in shares) 59,836 58,373