Oil States International (OIS) 10-Q 1 May 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-16337
Entity Registrant Name	OIL STATES INTERNATIONAL, INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	76-0476605
Entity Address, Address Line One	Three Allen Center, 333 Clay Street
Entity Address, Address Line Two	Suite 4620
Entity Address, City or Town	Houston,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	652-0582
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	OIS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		60,941,131
Entity Central Index Key	0001121484
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Revenues	$ 219,694	$ 250,611
Costs and expenses:
Cost of revenues (exclusive of depreciation and amortization expense presented below)	197,602	199,878
Selling, general and administrative expense	26,124	30,108
Depreciation and amortization expense	26,409	31,551
Impairments of goodwill	406,056	0
Impairment of fixed assets	5,198	0
Other operating expense (income), net	107	(86)
Costs and expenses	661,496	261,451
Operating loss	(441,802)	(10,840)
Interest expense, net	(3,504)	(4,752)
Other income, net	774	667
Loss before income taxes	(444,532)	(14,925)
Income tax benefit	39,491	277
Net loss	$ (405,041)	$ (14,648)
Net loss per share:
Basic (in dollars per share)	$ (6.79)	$ (0.25)
Diluted (in dollars per share)	$ (6.79)	$ (0.25)
Weighted average number of common shares outstanding:
Basic (in shares)	59,654	59,258
Diluted (in shares)	59,654	59,258
Products
Revenues:
Revenues	$ 102,980	$ 116,328
Costs and expenses:
Cost of revenues (exclusive of depreciation and amortization expense presented below)	89,746	89,268
Services
Revenues:
Revenues	116,714	134,283
Costs and expenses:
Cost of revenues (exclusive of depreciation and amortization expense presented below)	$ 107,856	$ 110,610

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (405,041)	$ (14,648)
Other comprehensive income (loss):
Currency translation adjustments	(14,791)	2,466
Comprehensive loss	$ (419,832)	$ (12,182)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 24,308	$ 8,493
Accounts receivable, net	222,472	233,487
Inventories, net	209,180	221,342
Income taxes receivable	43,950	2,568
Prepaid expenses and other current assets	14,638	17,539
Total current assets	514,548	483,429
Property, plant, and equipment, net	429,002	459,724
Operating lease assets, net	40,902	43,616
Goodwill, net	75,757	482,306
Other intangible assets, net	223,958	230,091
Other noncurrent assets	27,843	28,701
Total assets	1,312,010	1,727,867
Current liabilities:
Current portion of long-term debt	25,643	25,617
Accounts payable	75,392	78,368
Accrued liabilities	43,227	48,840
Current operating lease liabilities	8,361	8,311
Income taxes payable	2,845	4,174
Deferred revenue	20,721	17,761
Total current liabilities	176,189	183,071
Long-term debt	239,229	222,552
Long-term operating lease liabilities	33,323	35,777
Deferred income taxes	38,506	38,079
Other noncurrent liabilities	22,131	24,421
Total liabilities	509,378	503,900
Stockholders' equity:
Common stock, $.01 par value, 200,000,000 shares authorized, 73,212,778 shares and 72,546,321 shares issued, respectively	732	726
Additional paid-in capital	1,115,677	1,114,521
Retained earnings	392,669	797,710
Accumulated other comprehensive loss	(82,537)	(67,746)
Treasury stock, at cost, 12,268,293 and 12,045,065 shares, respectively	(623,909)	(621,244)
Total stockholders' equity	802,632	1,223,967
Total liabilities and stockholders' equity	$ 1,312,010	$ 1,727,867

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	73,212,778	72,546,321
Treasury stock, shares (in shares)	12,268,293	12,045,065

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning Balance at Dec. 31, 2018	$ 1,439,768	$ 718	$ 1,097,758	$ 1,029,518	$ (71,397)	$ (616,829)
Increase (Decrease) in Stockholders' Equity
Net loss	(14,648)			(14,648)
Currency translation adjustments (excluding intercompany advances)	2,553				2,553
Currency translation adjustments on intercompany advances	(87)				(87)
Stock-based compensation expense:
Restricted stock	4,372	7	4,365
Stock options	53		53
Stock repurchases	(757)					(757)
Surrender of stock to settle taxes on restricted stock awards	(3,610)					(3,610)
Ending Balance at Mar. 31, 2019	1,427,644	725	1,102,176	1,014,870	(68,931)	(621,196)
Beginning Balance at Dec. 31, 2019	1,223,967	726	1,114,521	797,710	(67,746)	(621,244)
Increase (Decrease) in Stockholders' Equity
Net loss	(405,041)			(405,041)
Currency translation adjustments (excluding intercompany advances)	(6,085)				(6,085)
Currency translation adjustments on intercompany advances	(8,706)				(8,706)
Stock-based compensation expense:
Restricted stock	1,162	6	1,156
Surrender of stock to settle taxes on restricted stock awards	(2,665)					(2,665)
Ending Balance at Mar. 31, 2020	$ 802,632	$ 732	$ 1,115,677	$ 392,669	$ (82,537)	$ (623,909)

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net loss	$ (405,041)	$ (14,648)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization expense	26,409	31,551
Impairments of goodwill	406,056	0
Impairments of inventories	25,230	0
Impairment of fixed assets	5,198	0
Stock-based compensation expense	1,162	4,425
Amortization of debt discount and deferred financing costs	1,681	1,937
Deferred income tax benefit	(40,832)	(1,513)
Gain on disposals of assets	(513)	(418)
Other, net	771	(340)
Changes in operating assets and liabilities:
Accounts receivable	4,617	21,893
Inventories	(15,332)	2,735
Accounts payable and accrued liabilities	(8,625)	(9,576)
Income taxes payable	(1,100)	1,878
Other operating assets and liabilities, net	5,768	(3,632)
Net cash flows provided by operating activities	5,449	34,292
Cash flows from investing activities:
Capital expenditures	(5,881)	(17,922)
Proceeds from disposition of property, plant and equipment	4,092	368
Other, net	(256)	(304)
Net cash flows used in investing activities	(2,045)	(17,858)
Cash flows from financing activities:
Revolving credit facility borrowings	72,173	57,874
Revolving credit facility repayments	(52,404)	(73,774)
Purchase of 1.50% convertible senior notes	(4,737)	0
Other debt and finance lease activity, net	35	(142)
Shares added to treasury stock as a result of net share settlements due to vesting of restricted stock	(2,665)	(3,610)
Purchase of treasury stock	0	(757)
Net cash flows provided by (used in) financing activities	12,402	(20,409)
Effect of exchange rate changes on cash and cash equivalents	9	(32)
Net change in cash and cash equivalents	15,815	(4,007)
Cash and cash equivalents, beginning of period	8,493	19,316
Cash and cash equivalents, end of period	24,308	15,309
Cash paid for:
Interest	2,436	3,460
Income taxes, net of refunds	$ 2,499	$ (487)

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Cash Flows (Parenthetical)	Mar. 31, 2020
1.5% Convertible Unsecured Senior Notes
Stated interest rate	1.50%

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Oil States International, Inc. and its subsidiaries (referred to in this report as "we" or the "Company") have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the "Commission") pertaining to interim financial information. Certain information in footnote disclosures normally included with financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to these rules and regulations. The unaudited financial statements included in this report reflect all the adjustments, consisting of normal recurring adjustments, which the Company considers necessary for a fair statement of the results of operations for the interim periods covered and for the financial condition of the Company at the date of the interim balance sheet. Results for the interim periods are not necessarily indicative of results for the full year. Certain prior-year amounts in the Company's unaudited condensed consolidated financial statements have been reclassified to conform to the current year presentation. As further discussed in Note 13 , "Commitments and Contingencies," the impact of the Coronavirus Disease 2019 ("COVID-19") pandemic and related economic, business and market disruptions is evolving rapidly and its future effects are uncertain. The actual impact of these recent developments on the Company will depend on many factors, many of which are beyond management's control and knowledge. It is therefore difficult for management to assess or predict with precision the broad future effect of this health crisis on the global economy, the energy industry or the Company. During the first quarter of 2020, the Company recorded asset impairments and recorded severance and facility closure charges in response to these recent developments, as further discussed in Note 3 , "Asset Impairments and Other Charges." As additional information becomes available, events or circumstances change and strategic operational decisions are made by management, further adjustments may be required which could have a material adverse impact on the Company's consolidated financial position, results of operations and cash flows. The preparation of condensed consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Examples of such estimates include, but are not limited to, goodwill and other asset impairments, revenue and income recognized over time, valuation allowances recorded on deferred tax assets, reserves on inventory, allowances for doubtful accounts, and potential future adjustments related to contractual indemnification and other agreements. Actual results could materially differ from those estimates. The financial statements included in this report should be read in conjunction with the Company's audited financial statements and accompanying notes included in its Annual Report on Form 10-K for the year ended December 31, 2019 .

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2020
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the "FASB"), which are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company's consolidated financial statements upon adoption. In June 2016, the FASB issued guidance on credit impairment for short-term receivables which, as amended, introduces the recognition of management's current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The Company adopted this guidance on January 1, 2020, using the optional transition method of recognizing any cumulative effect of adopting this guidance as an adjustment to the opening balance of retained earnings. The cumulative impact of the adoption of the new standard was not material to the Company's consolidated financial statements. Prior periods were not retrospectively adjusted.

Asset Impairments and Other Cha

Asset Impairments and Other Charges	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Asset Impairments and Other Charges	Asset Impairments and Other Charges In March of 2020, the spot price of West Texas Intermediate ("WTI") crude oil declined over 50% in response to reductions in global demand due to the COVID-19 pandemic and announcements by Saudi Arabia and Russia of plans to increase crude oil production. Following this unprecedented collapse in crude oil prices, the spot price of Brent and WTI crude oil closed at $15 and $21 per barrel, respectively, on March 31, 2020. Crude oil prices further declined in April of 2020 to record low levels. Demand for most of the Company's products and services depends substantially on the level of capital expenditures by the oil and natural gas industry. This decline in oil prices is expected to result in further near-term reductions to most of the Company's customers' drilling, completion and production activities and their related spending on products and services, particularly in the U.S. shale play regions. These conditions may also result in a material adverse impact on certain customers' liquidity and financial position, leading to further spending reductions, delays in the collection of amounts owed and in certain instances, non-payment of amounts owed. Consistent with oilfield service industry peers, the Company's stock price declined dramatically during the first quarter of 2020, with its market capitalization falling substantially below the carrying value of stockholders' equity. Following these March 2020 events, the Company immediately expanded its cost reduction initiatives. The Company also assessed the carrying value of goodwill, long-lived assets and other assets based on the current industry outlook regarding overall demand for and pricing of its products and services, other market considerations and the financial condition of the Company's customers. As a result of these events, actions and assessments, the Company recorded the following charges during the first quarter of 2020 (in thousands): Completion Services Drilling Services Downhole Technologies Offshore/ Pre-tax Total Tax After-tax Total Impairment of goodwill $ 127,054 $ — $ 192,502 $ 86,500 $ 406,056 $ 19,600 $ 386,456 Impairment of fixed assets — 5,198 — — 5,198 1,092 4,106 Impairment of inventories (Note 4) 8,981 — — 16,249 25,230 4,736 20,494 Severance and facility closure costs 331 217 — 112 660 139 521 In addition, the Company further reduced its workforce in the United States in April of 2020, which will result in additional severance costs in the second quarter of 2020. Goodwill The Company has three reporting units – Completion Services, Downhole Technologies and Offshore/Manufactured Products – with goodwill balances totaling $482.3 million as of December 31, 2019. Goodwill is allocated to each reporting unit from acquisitions made by the Company. In accordance with current accounting guidance, the Company does not amortize goodwill, but rather assesses goodwill for impairment annually and when an event occurs or circumstances change that indicate the carrying amounts may not be recoverable. If the carrying amount of a reporting unit exceeds its fair value, goodwill is considered impaired and an impairment loss is recorded. Given the significance of the March 2020 events described above, the Company performed a quantitative assessment of goodwill for impairment as of March 31, 2020. This interim assessment indicated that the fair value of each of the reporting units was less than their respective carrying amounts. Management utilizes, depending on circumstances, a combination of valuation methodologies including a market approach and an income approach, as well as guideline public company comparables. The valuation techniques used in the March 31, 2020 assessment were consistent with those used during the December 1, 2019 assessment, except for the Completion Services reporting unit where the income approach was used to estimate its fair value – with the market approach used only to validate the results in 2020. The fair values of each of the Company's reporting units were determined using significant unobservable inputs (Level 3 fair value measurements). This approach estimates fair value by discounting the Company's forecasts of future cash flows by a discount rate (expected return) that a market participant is expected to require. Significant assumptions and estimates used in the income approach include, among others, estimated future net annual cash flows and discount rates for each reporting unit, current and anticipated market conditions, estimated growth rates and historical data. These estimates rely upon significant management judgment, particularly given the continued uncertainties regarding the COVID-19 pandemic and its impact on activity levels and commodity prices as well as future global economic growth. Based on this quantitative assessment, the Company concluded that goodwill recorded in the Completion Services and Downhole Technologies businesses was fully impaired while goodwill recorded in the Offshore/Manufactured Products business was partially impaired. The Company therefore recognized non-cash goodwill impairment charges totaling $406.1 million in the first quarter of 2020. These impairment charges do not impact the Company's liquidity position, debt covenants or cash flows. Following impairment, the Offshore/Manufactured Products reporting unit did not have a fair value substantially in excess of its carrying amount. The discount rates used to value the Company's reporting units ranged between 16.8% and 18.5% . Holding all other assumptions and inputs used in the discounted cash flow analysis constant, a 50 basis point increase in the discount rate assumption for the Offshore/Manufactured Products reporting unit would have increased the goodwill impairment charge by approximately $10 million . A summary of changes in the carrying values of goodwill by reporting unit in the first quarter of 2020 is presented in Note 4 , "Details of Selected Balance Sheet Accounts." Long-lived Assets The Company also assessed the carrying value of long-lived assets, including property, plant and equipment, operating lease assets and other intangible assets held by each of its four reporting units. As a result of this assessment, the Company concluded that property and equipment held by the Drilling Services reporting unit was further impaired and recognized a non-cash fixed asset impairment charge of $5.2 million in the first quarter of 2020. Should, among other events and circumstances, global economic and industry conditions further deteriorate, the COVID-19 pandemic business and market disruptions worsen, the outlook for future operating results and cash flow for any of the Company's reporting units decline, income tax rates increase or regulations change, costs of equity or debt capital increase, valuations for comparable public companies or comparable acquisition valuations decrease, or management implement strategic decisions based on industry conditions, the Company may need to recognize additional impairment losses in future periods.

Details of Selected Balance She

Details of Selected Balance Sheet Accounts	3 Months Ended
	Mar. 31, 2020
Details of Selected Balance Sheet Accounts [Abstract]
Details of Selected Balance Sheet Accounts	Details of Selected Balance Sheet Accounts Additional information regarding selected balance sheet accounts at March 31, 2020 and December 31, 2019 is presented below (in thousands): March 31, December 31, Accounts receivable, net: Trade $ 174,041 $ 178,813 Unbilled revenue 29,086 28,341 Contract assets 23,148 26,034 Other 4,883 9,044 Total accounts receivable 231,158 242,232 Allowance for doubtful accounts (8,686 ) (8,745 ) $ 222,472 $ 233,487 Allowance for doubtful accounts as a percentage of total accounts receivable 4 % 4 % March 31, December 31, Deferred revenue (contract liabilities) $ 20,721 $ 17,761 For the three months ended March 31, 2020 , the $2.9 million net decrease in contract assets was primarily attributable to $18.7 million transferred to accounts receivable, which was partially offset by $16.1 million in revenue recognized during the period. Deferred revenue (contract liabilities) increased by $3.0 million in 2020 , primarily reflecting $10.5 million in new customer billings which were not recognized as revenue during the period, partially offset by the recognition of $7.4 million of revenue that was deferred at the beginning of the period. As of March 31, 2020 and December 31, 2019 , 74% and 73% , respectively, of total accounts receivables related to revenues generated in the United States. As of March 31, 2020 and December 31, 2019 , 10% of total accounts receivables related to revenues generated in the United Kingdom. No other country or single customer accounted for more than 10% of the Company's total accounts receivables at these dates. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the Company's customers to make required payments. Determination of the collectability of amounts due from customers requires us to make judgments regarding future events and trends. Allowances for doubtful accounts are established through an assessment of the Company's portfolio on an individual customer and consolidated basis taking into account current and expected future market conditions and trends. This process consists of a thorough review of historical collection experience, current aging status of the customer accounts, and financial condition of the Company's customers as well as political and economic factors in countries of operations and other customer-specific factors. Based on a review of these factors, the Company establishes or adjusts allowances for trade and unbilled receivables as well as contract assets. If a customer receivable is deemed to be uncollectible, the receivable is charged-off against allowance for doubtful accounts. If the financial condition of the Company's customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. The following provides a summary of activity in the allowance for doubtful accounts for the three months ended March 31, 2020 (in thousands): 2020 2019 Allowance for doubtful accounts – December 31 $ 8,745 $ 6,701 Provision 589 (134 ) Write-offs (1,785 ) — Other 1,137 157 Allowance for doubtful accounts – March 31 8,686 6,724 March 31, December 31, Inventories, net: Finished goods and purchased products $ 106,833 $ 107,691 Work in process 30,175 21,963 Raw materials 114,818 110,719 Total inventories 251,826 240,373 Allowance for excess or obsolete inventory (42,646 ) (19,031 ) $ 209,180 $ 221,342 The Company recorded impairment charges totaling $25.2 million in the first quarter of 2020 to reduce the carrying value of inventories to their estimated net realizable value following the March 2020 decline in crude oil prices, which is expected to reduce the near-term utility of certain goods within the Offshore/Manufactured Products and Completion Services operations. March 31, December 31, Property, plant and equipment, net: Land $ 34,917 $ 37,507 Buildings and leasehold improvements 265,924 273,384 Machinery and equipment 238,599 246,826 Completion Services equipment 513,101 510,737 Office furniture and equipment 37,554 45,309 Vehicles 93,301 97,264 Construction in progress 11,358 13,281 Total property, plant and equipment 1,194,754 1,224,308 Accumulated depreciation (765,752 ) (764,584 ) $ 429,002 $ 459,724 For the three months ended March 31, 2020 and 2019 , depreciation expense was $20.1 million and $24.8 million , respectively. As discussed in Note 3 , "Asset Impairments and Other Charges," during the first quarter of 2020 the Drilling Services reporting unit recognized a non-cash impairment charge of $5.2 million to reduce the carrying value of the business's fixed assets to their estimated realizable value. March 31, December 31, Other noncurrent assets: Deferred compensation plan $ 21,327 $ 22,268 Other 6,516 6,433 $ 27,843 $ 28,701 March 31, December 31, Accrued liabilities: Accrued compensation $ 16,340 $ 24,930 Insurance liabilities 8,563 9,108 Accrued taxes, other than income taxes 4,335 3,424 Accrued commissions 2,089 1,481 Other 11,900 9,897 $ 43,227 $ 48,840 Goodwill: Well Site Services Downhole Technologies Offshore/ Total Completion Services Drilling Services Subtotal Balance as of December 31, 2019 Goodwill $ 221,582 $ 22,767 $ 244,349 $ 357,502 $ 162,750 $ 764,601 Accumulated impairment losses (94,528 ) (22,767 ) (117,295 ) (165,000 ) — (282,295 ) 127,054 — 127,054 192,502 162,750 482,306 Goodwill impairments (1) (127,054 ) — (127,054 ) (192,502 ) (86,500 ) (406,056 ) Foreign currency translation — — — — (493 ) (493 ) Balance as of March 31, 2020 $ — $ — $ — $ — $ 75,757 $ 75,757 ________________ (1) See Note 3 , "Asset Impairments and Other Charges" for discussion of first quarter 2020 goodwill impairments. Other Intangible Assets: March 31, 2020 December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 168,260 $ 47,056 $ 121,204 $ 168,278 $ 44,296 $ 123,982 Patents/Technology/Know-how 86,123 32,291 53,832 85,919 30,791 55,128 Noncompete agreements 17,087 12,291 4,796 17,125 11,061 6,064 Tradenames and other 53,708 9,582 44,126 53,708 8,791 44,917 $ 325,178 $ 101,220 $ 223,958 $ 325,030 $ 94,939 $ 230,091 For the three months ended March 31, 2020 and 2019 , amortization expense was $6.3 million and $6.7 million , respectively.

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share The table below provides a reconciliation of the numerators and denominators of basic and diluted net loss per share for the three months ended March 31, 2020 and 2019 (in thousands, except per share amounts): Three Months Ended 2020 2019 Numerators: Net loss $ (405,041 ) $ (14,648 ) Less: Income attributable to unvested restricted stock awards — — Numerator for basic net loss per share (405,041 ) (14,648 ) Effect of dilutive securities: Unvested restricted stock awards — — Numerator for diluted net loss per share $ (405,041 ) $ (14,648 ) Denominators: Weighted average number of common shares outstanding 60,770 60,249 Less: Weighted average number of unvested restricted stock awards outstanding (1,116 ) (991 ) Denominator for basic a n d dilute d net loss per share 59,654 59,258 Net loss per share: Basic $ (6.79 ) $ (0.25 ) Diluted (6.79 ) (0.25 ) The calculation of diluted net loss per share for the three months ended March 31, 2020 and 2019 excluded 629 thousand shares and 687 thousand shares, respectively, issuable pursuant to outstanding stock options, due to their antidilutive effect. Additionally, shares issuable upon conversion of the 1.50% convertible senior notes were not convertible and therefore excluded for the three months ended March 31, 2020 and 2019 , due to their antidilutive effect.

Long-term Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt As of March 31, 2020 and December 31, 2019 , long-term debt consisted of the following (in thousands): March 31, December 31, Revolving credit facility (1) $ 70,471 $ 50,534 1.50% convertible senior notes (2) 164,370 167,594 Promissory note 25,000 25,000 Other debt and finance lease obligations 5,031 5,041 Total debt 264,872 248,169 Less: Current portion (25,643 ) (25,617 ) Total long-term debt $ 239,229 $ 222,552 ____________________ (1) Presented net of $1.2 million and $1.4 million of unamortized debt issuance costs as of March 31, 2020 and December 31, 2019 , respectively. (2) The outstanding principal amount of the 1.50% convertible senior notes was $186.6 million and $192.3 million as of March 31, 2020 and December 31, 2019 , respectively. Revolving Credit Facility The Company's senior secured revolving credit facility, as amended (the "Revolving Credit Facility") is governed by a credit agreement with Wells Fargo Bank, N.A., as administrative agent for the lenders party thereto and collateral agent for the secured parties thereunder, and the lenders and other financial institutions from time to time party thereto, dated as of January 30, 2018, as amended and restated (the "Credit Agreement"), and matures on January 30, 2022. The Revolving Credit Facility provides for $350.0 million in lender commitments. Under the Revolving Credit Facility, $50.0 million is available for the issuance of letters of credit. As of March 31, 2020 , the Company had $71.7 million of borrowings and $19.1 million of outstanding letters of credit under the Revolving Credit Facility, leaving $107.6 million available to be drawn. The total amount available to be drawn under the Revolving Credit Facility was less than the total lender commitments due to limits imposed by maintenance covenants in the Credit Agreement. As of March 31, 2020 , the Company was in compliance with its debt covenants under the Credit Agreement. Amounts outstanding under the Revolving Credit Facility bear interest at LIBOR plus a margin of 1.75% to 3.00% , or at a base rate plus a margin of 0.75% to 2.00% , in each case based on a ratio of the Company's total net funded debt to consolidated EBITDA (as defined in the Credit Agreement). The Company must also pay a quarterly commitment fee of 0.25% to 0.50% , based on the Company's ratio of total net funded debt to consolidated EBITDA, on the unused commitments under the Credit Agreement. The Credit Agreement contains customary financial covenants and restrictions. Specifically, the Company must maintain an interest coverage ratio, defined as the ratio of consolidated EBITDA to consolidated interest expense, of at least 3.0 to 1.0, a maximum senior secured leverage ratio, defined as the ratio of senior secured debt to consolidated EBITDA, of no greater than 2.25 to 1.0 and a total net leverage ratio, defined as the ratio of total net funded debt to consolidated EBITDA, of no greater than 3.75 to 1.0. The financial covenants give pro forma effect to acquired businesses and the annualization of EBITDA for acquired businesses. The various components used in the calculation of these ratios are defined in the Credit Agreement. Consolidated EBITDA and consolidated interest expense, as defined, exclude non-cash goodwill and fixed asset impairment charges, losses on extinguishment of debt, debt discount amortization, stock-based compensation expense and other non-cash charges. Borrowings under the Credit Agreement are secured by a pledge of substantially all of the Company's assets and the assets of its domestic subsidiaries. The Company's obligations under the Credit Agreement are guaranteed by its significant domestic subsidiaries. The Credit Agreement also contains negative covenants that limit the Company's ability to borrow additional funds, encumber assets, pay dividends, sell assets and enter into other significant transactions. Under the Credit Agreement, the occurrence of specified change of control events involving the Company would constitute an event of default that would permit the banks to, among other things, accelerate the maturity of the facility and cause it to become immediately due and payable in full. The Company is working with its bank group regarding an amendment to the Revolving Credit Facility. The amendment entails converting the Company's existing cash flow-based revolving credit facility into an asset-based revolving credit facility (the "Amended Facility"). The Company currently expects to complete the amendment process in the second quarter of 2020. The amendment process remains subject to completion of final documentation and credit approval by the bank group and, accordingly, the Company cannot be certain that it will be able to complete the amendment process. If the Company is not successful in amending the Revolving Credit Facility, its borrowings would be governed by the existing Credit Agreement, which contains financial covenants and restrictions as further described above. Based on Company forecasts, the Company anticipates that it could be out of compliance with the total net leverage ratio covenant in the third quarter of 2020 as a result of projected declines in consolidated EBITDA resulting from current industry conditions caused by the global response to the COVID-19 pandemic and the resulting collapse in crude oil prices. However, the Company believes that it will have sufficient liquidity over the next twelve months to fund its liabilities as they become due. If the Company does not complete the amendment process and subsequently is not in compliance with the total net leverage ratio under its Revolving Credit Facility, the Company believes that it will have sufficient cash on hand, together with cash flow from operations (after investments in capital expenditures), to repay the borrowings outstanding under the Revolving Credit Facility or that it could seek to obtain an amendment or waiver from its lenders in order to avoid a default. 1.50% Convertible Senior Notes On January 30, 2018, the Company issued $200 million aggregate principal amount of its 1.50% convertible senior notes due 2023 (the "Notes") pursuant to an indenture, dated as of January 30, 2018 (the "Indenture"), between the Company and Wells Fargo Bank, National Association, as trustee. During the first quarter of 2020 , the Company repurchased $5.7 million in principal amount of the outstanding Notes for $4.7 million , which approximated the net carrying amount of the related liability. Since December 31, 2018, the Company has repurchased $13.5 million in principal amount of the outstanding notes for $11.5 million . The initial carrying amount of the Notes recorded in the consolidated balance sheet was less than the $200 million in principal amount of the Notes, in accordance with applicable accounting principles, reflective of the estimated fair value of a similar debt instrument that does not have a conversion feature. The Company recorded the value of the conversion feature as a debt discount, which is amortized as interest expense over the term of the Notes, with a similar amount allocated to additional paid-in capital. As a result of this amortization, the interest expense the Company recognizes related to the Notes for accounting purposes is based on an effective interest rate of approximately 6% , which is greater than the cash interest payments the Company is obligated to pay on the Notes. Reported interest expense associated with the Notes for both the three months ended March 31, 2020 and 2019 was $2.5 million , while the related contractual cash interest expense totaled $0.7 million and $0.8 million , respectively. The following table presents the carrying amount of the Notes in the consolidated balance sheets as of March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Principal amount of the liability component $ 186,550 $ 192,250 Less: Unamortized discount 19,366 21,544 Less: Unamortized issuance costs 2,814 3,112 Net carrying amount of the liability component $ 164,370 $ 167,594 Net carrying amount of the equity component $ 25,683 $ 25,683 The Notes bear interest at a rate of 1.50% per year until maturity. Interest is payable semi-annually in arrears on February 15 and August 15 of each year. In addition, additional interest and special interest may accrue on the Notes under certain circumstances as described in the Indenture. The Notes will mature on February 15, 2023, unless earlier repurchased, redeemed or converted. The initial conversion rate is 22.2748 shares of the Company's common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $44.89 per share of common stock). The conversion rate, and thus the conversion price, may be adjusted under certain circumstances as described in the Indenture. The Company's intent is to repay the principal amount of the Notes in cash and the conversion feature in shares of the Company's common stock. Noteholders may convert their Notes, at their option, only in the following circumstances: (1) if the last reported sale price per share of the Company's common stock exceeds 130% of the conversion price for each of at least 20 trading days during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (2) during the five consecutive business days immediately after any five consecutive trading day period (such five consecutive trading day period, the "measurement period") in which the trading price per $1,000 principal amount of the Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price per share of the Company's common stock on such trading day and the conversion rate on such trading day; (3) upon the occurrence of certain corporate events or distributions on the Company's common stock, as described in the Indenture; or (4) if the Company calls the Notes for redemption, or at any time from, and including, November 15, 2022 until the close of business on the second scheduled trading day immediately before the maturity date. The Company will settle conversions by paying or delivering, as applicable, cash, shares of common stock or a combination of cash and shares of common stock, at the Company's election, based on the applicable conversion rate(s). If the Company elects to deliver cash or a combination of cash and shares of common stock, then the consideration due upon conversion will be based on a defined observation period. The Notes will be redeemable, in whole or in part, at the Company's option at any time, and from time to time, on or after February 15, 2021, at a cash redemption price equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, but only if the last reported sale price per share of common stock exceeds 130% of the conversion price on each of at least 20 trading days during the 30 consecutive trading days ending on, and including, the trading day immediately before the date the Company sends the related redemption notice. If specified change in control events involving the Company as defined in the Indenture occur, then noteholders may require the Company to repurchase their Notes at a cash repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid interest. Additionally, the Indenture contains certain events of default, including certain defaults by the Company with respect to other indebtedness of at least $40.0 million . As of March 31, 2020 , none of the conditions allowing holders of the Notes to convert, or requiring the Company to repurchase the Notes, had been met. Promissory Note In connection with the 2018 acquisition of GEODynamics, Inc. ("GEODynamics"), the Company issued a $25.0 million promissory note that bears interest at 2.50% per annum and was scheduled to mature on July 12, 2019. Payments due under the promissory note are subject to set off, in part or in full, against certain indemnification claims related to matters occurring prior to the Company's acquisition of GEODynamics. As more fully described in Note 13 , "Commitments and Contingencies," the Company has provided notice to and asserted indemnification claims against the seller of GEODynamics. As a result, the maturity date of the note is extended until the resolution of these indemnity claims. The Company expects that the amount ultimately paid in respect of such note will be reduced as a result of these indemnification claims.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company's financial instruments consist of cash and cash equivalents, investments, receivables, payables and debt instruments. The Company believes that the carrying values of these instruments, other than the Notes, on the accompanying consolidated balance sheets approximate their fair values. The estimated fair value of the Notes as of March 31, 2020 was $78.5 million based on quoted market prices (a Level 1 fair value measurement), which compares to the $186.6 million in principal amount of the Notes.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity The following table provides details with respect to the changes to the number of shares of common stock, $0.01 par value, outstanding during the first quarter of 2020 (in thousands): Shares of common stock outstanding – December 31, 2019 60,501 Restricted stock awards, net of forfeitures 666 Shares withheld for taxes on vesting of restricted stock awards and transferred to treasury (223 ) Shares of common stock outstanding – March 31, 2020 60,944 As of March 31, 2020 and December 31, 2019 , the Company had 25,000,000 shares of preferred stock, $0.01 par value, authorized, with no shares issued or outstanding. The Company maintains a share repurchase program which was extended to July 29, 2020 by the Company's Board of Directors. During the first quarter of 2020 , the Company did no t repurchase any common stock under the program. The amount remaining under the Company's share repurchase authorization as of March 31, 2020 was $119.8 million . Subject to applicable securities laws, such purchases will be at such times and in such amounts as the Company deems appropriate.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss, reported as a component of stockholders' equity, increased from $67.7 million at December 31, 2019 to $82.5 million at March 31, 2020 , due to changes in currency exchange rates. Accumulated other comprehensive loss is primarily related to fluctuations in the currency exchange rates compared to the U.S. dollar which are used to translate certain of the international operations of the Company's reportable segments. For the three months ended March 31, 2020 and 2019 , currency translation adjustments recognized as a component of other comprehensive income were primarily attributable to the United Kingdom and Brazil. As of March 31, 2020 , the exchange rate for the British pound and the Brazilian real compared to the U.S. dollar weakened by 6% and 22% , respectively, compared to the exchange rate at December 31, 2019 , contributing to other comprehensive loss of $14.8 million reported for the three months ended March 31, 2020 . During the first three months of 2019 , the exchange rate for the British pound strengthened by 2% compared to the U.S. dollar, contributing to other comprehensive income of $2.5 million .

Long-Term Incentive Compensatio

Long-Term Incentive Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Long-Term Incentive Compensation	Long-Term Incentive Compensation The following table presents a summary of activity for stock options, service-based restricted stock awards and performance-based stock unit awards for the three months ended March 31, 2020 (in thousands): Stock Options Service-based Restricted Stock Performance-based Stock Units Outstanding – December 31, 2019 636 1,064 248 Granted — 594 181 Vested/Exercised — (472 ) (125 ) Forfeited (14 ) (52 ) — Outstanding – March 31, 2020 622 1,134 304 Weighted average grant date fair value (2020 awards) $ — $ 11.06 $ 11.15 The restricted stock program consists of a combination of service-based restricted stock and performance-based stock units. Service-based restricted stock awards generally vest on a straight-line basis over their term, which is generally three years . Performance-based restricted stock awards generally vest at the end of a three -year period, with the number of shares ultimately issued under the program dependent upon achievement of predefined specific performance measures. In the event the predefined targets are exceeded for any performance-based award, additional shares up to a maximum of 200% of the target award may be granted. Conversely, if actual performance falls below the predefined target, the number of shares vested is reduced. If the actual performance falls below the threshold performance level, no restricted shares will vest. The performance measure for outstanding awards is the Company's EBITDA growth rate over a three -year period. During the first quarters of 2020 and 2019 , the Company issued conditional long-term cash incentive awards ("Cash Awards") of approximately $2.0 million and $1.4 million , respectively, with the ultimate dollar amount to be awarded ranging from zero to a maximum of $4.0 million for the 2020 Cash Award and from zero to a maximum of $2.7 million for the 2019 Cash Award. The performance measure for these Cash Awards is relative total stockholder return compared to a peer group of companies measured over a three -year period. The ultimate dollar amount to be awarded for the 2020 and 2019 Cash Awards is limited to their targeted award value ( $2.0 million and $1.4 million , respectively) if the Company's total stockholder return is negative over the performance period. The obligation related to the Cash Awards is classified as a liability and recognized over the vesting period. Stock-based compensation pre-tax expense recognized in the three months ended March 31, 2020 and 2019 totaled $1.2 million and $4.4 million , respectively. As of March 31, 2020 , there was $15.6 million of pre-tax compensation costs related to service-based and performance-based stock awards, which will be recognized in future periods as vesting conditions are satisfied.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The income tax benefit for the three month periods ended March 31, 2020 was calculated using a discrete approach. This methodology was used because minor changes in the Company's results of operations and non-deductible expenses can materially impact the estimated annual effective tax rate. For the three months ended March 31, 2020 , the Company's income tax benefit was $39.5 million on a pre-tax loss of $444.5 million , which included non-cash goodwill charges (approximately $313.1 million ) and other expenses that are not deductible for income tax purposes. The impact of these non-deductible expenses was partially offset by a $14.8 million discrete tax benefit related to the carryback of U.S. net operating losses under the CARES Act (discussed below). This compares to an income tax benefit of $0.3 million on a pre-tax loss of $14.9 million , which includes certain non-deductible expenses, for the three months ended March 31, 2019 . On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security ("CARES") Act was signed into law. In accordance with the recently established rules and procedures under the CARES Act, the Company has filed carryback claims regarding U.S. net operating losses generated in 2018 and plans to file carryback claims regarding U.S. net operating losses generated in 2019 during the second quarter of 2020. Prior to the enactment of the CARES Act, such tax losses could only be carried forward. The Company expects to receive refunds related to these carryback claims in 2020 of approximately $41.2 million , which are classified in income taxes receivable in the consolidated balance sheet as of March 31, 2020 .

Segments and Related Informatio

Segments and Related Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segments and Related Information	Segments and Related Information The Company operates through three reportable segments: Well Site Services, Downhole Technologies and Offshore/Manufactured Products. The Company's reportable segments represent strategic business units that generally offer different products and services. They are managed separately because each business often requires different technologies and marketing strategies. Financial information by business segment for the three months ended March 31, 2020 and 2019 is summarized in the following tables (in thousands). Revenues Depreciation and Operating income (loss) Capital Total assets Three months ended March 31, 2020 Well Site Services – Completion Services (1) $ 82,926 $ 14,766 $ (139,603 ) $ 2,938 $ 313,349 Drilling Services (2) 4,531 270 (5,351 ) 114 7,506 Total Well Site Services 87,457 15,036 (144,954 ) 3,052 320,855 Downhole Technologies (3) 41,065 5,584 (192,691 ) 1,649 333,518 Offshore/Manufactured Products (4) 91,172 5,628 (95,496 ) 1,065 562,179 Corporate — 161 (8,661 ) 115 95,458 Total $ 219,694 $ 26,409 $ (441,802 ) $ 5,881 $ 1,312,010 Revenues Depreciation and Operating income (loss) Capital Total assets Three months ended March 31, 2019 Well Site Services – Completion Services $ 100,642 $ 17,286 $ (3,494 ) $ 11,682 $ 521,553 Drilling Services 7,750 3,341 (4,559 ) 949 55,785 Total Well Site Services 108,392 20,627 (8,053 ) 12,631 577,338 Downhole Technologies 54,290 5,066 4,054 3,616 715,217 Offshore/Manufactured Products 87,929 5,587 5,259 1,546 677,907 Corporate — 271 (12,100 ) 129 46,765 Total $ 250,611 $ 31,551 $ (10,840 ) $ 17,922 $ 2,017,227 ________________ (1) Operating loss includes a non-cash goodwill impairment charge of $127.1 million to reduce the carrying value of the Completion Services reporting unit to its estimated fair value and an inventory impairment charge of $9.0 million to reduce the carrying value of the Completion Services reporting unit's inventory to its estimated net realizable value. (2) Operating loss includes a non-cash fixed asset impairment charge of $5.2 million to reduce the carrying value of the Drilling Services business's fixed assets to their estimated realizable value. (3) Operating loss includes non-cash goodwill impairment charge of $192.5 million to reduce the carrying value of the Downhole Technologies reporting unit to its estimated fair value. (4) Operating loss includes a non-cash goodwill impairment charge of $86.5 million to reduce the carrying value of the Offshore/Manufactured Products reporting unit to its estimated fair value and an inventory impairment charge of $16.2 million to reduce the carrying value of the Offshore/Manufactured Products reporting unit's inventory to its estimated net realizable value. See Note 3 , "Asset Impairments and Other Charges" and Note 4 , "Details of Selected Balance Sheet Accounts," for further discussion of impairment charges recorded during the first quarter of 2020. No customer individually accounted for 10% of the Company's consolidated revenue for the three months ended March 31, 2020 and 2019 . The following table provides supplemental disaggregated revenue from contracts with customers by business segment for the three months ended March 31, 2020 and 2019 (in thousands): Well Site Services Downhole Technologies Offshore/Manufactured Products Total 2020 2019 2020 2019 2020 2019 2020 2019 Three months ended March 31 Major revenue categories - Project-driven products $ — $ — $ — $ — $ 36,788 $ 27,245 $ 36,788 $ 27,245 Short-cycle: Completion products and services 82,926 100,642 41,065 54,290 13,649 24,274 137,640 179,206 Drilling services 4,531 7,750 — — — — 4,531 7,750 Other products — — — — 8,420 7,739 8,420 7,739 Total short-cycle 87,457 108,392 41,065 54,290 22,069 32,013 150,591 194,695 Other products and services — — — — 32,315 28,671 32,315 28,671 $ 87,457 $ 108,392 $ 41,065 $ 54,290 $ 91,172 $ 87,929 $ 219,694 $ 250,611 Revenues from products and services transferred to customers over time accounted for approximately 66% of consolidated revenues for both the three months ended March 31, 2020 and 2019 . The balance of revenues for the respective periods relates to products and services transferred to customers at a point in time. As of March 31, 2020 , the Company had $161 million of remaining backlog related to contracts with an original expected duration of greater than one year. Approximately 51% of this remaining backlog is expected to be recognized as revenue over the remaining nine months of 2020 , with an additional 30% in 2021 and the balance thereafter.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The impact of the recent COVID-19 pandemic and related economic, business and market disruptions is evolving rapidly and its future effects are uncertain. The most direct and immediate impact that the Company expects from the COVID-19 pandemic is decreased demand for its products and services due to lower activity levels by its customers resulting from the precipitous decline in crude oil prices. The overall impact of the pandemic and oil price collapse on the Company and its customers will depend on many factors, many of which are beyond management's control and knowledge. In response to public health concerns related to COVID-19, many federal, state, local and other authorities around the world have imposed mandatory regulations directing individuals to stay at home and limiting their ability to travel domestically or internationally. In certain cases, when travel is permitted, a multi-week quarantine period is required before an individual can work in the area. Additionally, rules and regulations regarding employer responsibilities continue to be promulgated. Facility closures, quarantines, travel restrictions, and possible future workforce shortages may, among numerous other impacts, result in delays by the Company in fulfilling its existing contractual obligations to its customers, which could result in adverse financial consequences. Additionally, the Company procures a variety of raw materials and component products, including steel, in the manufacture of our products from companies which may be impacted similar challenges. The Company continues to monitor the effect of COVID-19 on its employees, customers, critical suppliers and other stakeholders. The ultimate magnitude and duration of the COVID-19 pandemic, resulting governmental restrictions placing limitations on the mobility and ability to work of the worldwide population, and the related impact on crude oil prices and the U.S. and global economy and capital markets is uncertain. Following the Company's acquisition of GEODynamics in January 2018, the Company determined that certain steel products historically imported by GEODynamics from China for use in its manufacturing process may potentially be subject to anti-dumping and countervailing duties based on recent clarifications/decisions rendered by the U.S. Department of Commerce and the U.S. Court of International Trade. Following these findings, the Company commenced an internal review of this matter and ceased further purchases of these potentially affected Chinese products. As part of the Company's internal review, the Company engaged trade counsel and decided to voluntarily disclose this matter to U.S. Customs and Border Protection in September 2018. In connection with the acquisition of GEODynamics, the seller agreed to indemnify and hold the Company harmless against certain claims related to matters such as this, and the Company has provided notice to and asserted indemnification claims against the seller. Additionally, the Company is able to set-off payments due under the $25.0 million promissory note (see Note 6 , "Long-term Debt") issued to the seller of GEODynamics in respect of indemnification claims. Such note was scheduled to mature on July 12, 2019, but, because the Company has provided notice to and asserted indemnification claims, the maturity date of the note is extended until the resolution of such claim. The Company expects that the amount ultimately paid in respect of such note will be reduced as a result of these indemnification claims. Additionally, in the ordinary course of conducting its business, the Company becomes involved in litigation and other claims from private party actions, as well as judicial and administrative proceedings involving governmental authorities at the federal, state and local levels. The Company is a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning its commercial operations, products, employees and other matters, including occasional claims by individuals alleging exposure to hazardous materials as a result of the Company's products or operations. Some of these claims relate to matters occurring prior to the acquisition of businesses, and some relate to businesses the Company has sold. In certain cases, the Company is entitled to indemnification from the sellers of businesses and, in other cases, the Company has indemnified the buyers of businesses. Although the Company can give no assurance about the outcome of pending legal and administrative proceedings and the effect such outcomes may have on the Company, management believes that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided for or covered by indemnity or insurance, will not have a material adverse effect on the Company's consolidated financial position, results of operations or liquidity.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions GEODynamics historically leased certain land and facilities from an equity holder and employee of the Company, following its acquisition of GEODynamics. In connection with the acquisition of GEODynamics, the Company assumed these leases. Rent expense related to leases with this employee for the three months ended March 31, 2020 and 2019 totaled $44 thousand and $25 thousand , respectively. Additionally, GEODynamics purchases products from and sells products to a company in which this employee is an investor. Sales to this company by GEODynamics were $1.8 million and $7 thousand for the three months ended March 31, 2020 and 2019 , respectively. Purchases from this company were $410 thousand for the three months ended March 31, 2019 .

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the "FASB"), which are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company's consolidated financial statements upon adoption. In June 2016, the FASB issued guidance on credit impairment for short-term receivables which, as amended, introduces the recognition of management's current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The Company adopted this guidance on January 1, 2020, using the optional transition method of recognizing any cumulative effect of adopting this guidance as an adjustment to the opening balance of retained earnings. The cumulative impact of the adoption of the new standard was not material to the Company's consolidated financial statements. Prior periods were not retrospectively adjusted.

Asset Impairments and Other C_2

Asset Impairments and Other Charges (Tables)	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Schedule of Asset Impairment Charges	As a result of these events, actions and assessments, the Company recorded the following charges during the first quarter of 2020 (in thousands): Completion Services Drilling Services Downhole Technologies Offshore/ Pre-tax Total Tax After-tax Total Impairment of goodwill $ 127,054 $ — $ 192,502 $ 86,500 $ 406,056 $ 19,600 $ 386,456 Impairment of fixed assets — 5,198 — — 5,198 1,092 4,106 Impairment of inventories (Note 4) 8,981 — — 16,249 25,230 4,736 20,494 Severance and facility closure costs 331 217 — 112 660 139 521

Details of Selected Balance S_2

Details of Selected Balance Sheet Accounts (Tables)	3 Months Ended
	Mar. 31, 2020
Details of Selected Balance Sheet Accounts [Abstract]
Schedule of Accounts Receivable, Net	Additional information regarding selected balance sheet accounts at March 31, 2020 and December 31, 2019 is presented below (in thousands): March 31, December 31, Accounts receivable, net: Trade $ 174,041 $ 178,813 Unbilled revenue 29,086 28,341 Contract assets 23,148 26,034 Other 4,883 9,044 Total accounts receivable 231,158 242,232 Allowance for doubtful accounts (8,686 ) (8,745 ) $ 222,472 $ 233,487 Allowance for doubtful accounts as a percentage of total accounts receivable 4 % 4 %
Contract with Customer, Asset and Liability	March 31, December 31, Deferred revenue (contract liabilities) $ 20,721 $ 17,761
Summary of Activity in Allowance for Doubtful Accounts	The following provides a summary of activity in the allowance for doubtful accounts for the three months ended March 31, 2020 (in thousands): 2020 2019 Allowance for doubtful accounts – December 31 $ 8,745 $ 6,701 Provision 589 (134 ) Write-offs (1,785 ) — Other 1,137 157 Allowance for doubtful accounts – March 31 8,686 6,724
Schedule of Inventory, Net	March 31, December 31, Inventories, net: Finished goods and purchased products $ 106,833 $ 107,691 Work in process 30,175 21,963 Raw materials 114,818 110,719 Total inventories 251,826 240,373 Allowance for excess or obsolete inventory (42,646 ) (19,031 ) $ 209,180 $ 221,342
Schedule of Property, Plant and Equipment, Net	March 31, December 31, Property, plant and equipment, net: Land $ 34,917 $ 37,507 Buildings and leasehold improvements 265,924 273,384 Machinery and equipment 238,599 246,826 Completion Services equipment 513,101 510,737 Office furniture and equipment 37,554 45,309 Vehicles 93,301 97,264 Construction in progress 11,358 13,281 Total property, plant and equipment 1,194,754 1,224,308 Accumulated depreciation (765,752 ) (764,584 ) $ 429,002 $ 459,724
Schedule of Other Noncurrent Assets	March 31, December 31, Other noncurrent assets: Deferred compensation plan $ 21,327 $ 22,268 Other 6,516 6,433 $ 27,843 $ 28,701
Schedule of Accrued Liabilities	March 31, December 31, Accrued liabilities: Accrued compensation $ 16,340 $ 24,930 Insurance liabilities 8,563 9,108 Accrued taxes, other than income taxes 4,335 3,424 Accrued commissions 2,089 1,481 Other 11,900 9,897 $ 43,227 $ 48,840
Schedule of Goodwill	Goodwill: Well Site Services Downhole Technologies Offshore/ Total Completion Services Drilling Services Subtotal Balance as of December 31, 2019 Goodwill $ 221,582 $ 22,767 $ 244,349 $ 357,502 $ 162,750 $ 764,601 Accumulated impairment losses (94,528 ) (22,767 ) (117,295 ) (165,000 ) — (282,295 ) 127,054 — 127,054 192,502 162,750 482,306 Goodwill impairments (1) (127,054 ) — (127,054 ) (192,502 ) (86,500 ) (406,056 ) Foreign currency translation — — — — (493 ) (493 ) Balance as of March 31, 2020 $ — $ — $ — $ — $ 75,757 $ 75,757 ________________ (1) See Note 3 , "Asset Impairments and Other Charges" for discussion of first quarter 2020 goodwill impairments.
Schedule of Finite-Lived Intangible Assets	Other Intangible Assets: March 31, 2020 December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 168,260 $ 47,056 $ 121,204 $ 168,278 $ 44,296 $ 123,982 Patents/Technology/Know-how 86,123 32,291 53,832 85,919 30,791 55,128 Noncompete agreements 17,087 12,291 4,796 17,125 11,061 6,064 Tradenames and other 53,708 9,582 44,126 53,708 8,791 44,917 $ 325,178 $ 101,220 $ 223,958 $ 325,030 $ 94,939 $ 230,091

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The table below provides a reconciliation of the numerators and denominators of basic and diluted net loss per share for the three months ended March 31, 2020 and 2019 (in thousands, except per share amounts): Three Months Ended 2020 2019 Numerators: Net loss $ (405,041 ) $ (14,648 ) Less: Income attributable to unvested restricted stock awards — — Numerator for basic net loss per share (405,041 ) (14,648 ) Effect of dilutive securities: Unvested restricted stock awards — — Numerator for diluted net loss per share $ (405,041 ) $ (14,648 ) Denominators: Weighted average number of common shares outstanding 60,770 60,249 Less: Weighted average number of unvested restricted stock awards outstanding (1,116 ) (991 ) Denominator for basic a n d dilute d net loss per share 59,654 59,258 Net loss per share: Basic $ (6.79 ) $ (0.25 ) Diluted (6.79 ) (0.25 )

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table presents the carrying amount of the Notes in the consolidated balance sheets as of March 31, 2020 and December 31, 2019 (in thousands): March 31, December 31, Principal amount of the liability component $ 186,550 $ 192,250 Less: Unamortized discount 19,366 21,544 Less: Unamortized issuance costs 2,814 3,112 Net carrying amount of the liability component $ 164,370 $ 167,594 Net carrying amount of the equity component $ 25,683 $ 25,683 As of March 31, 2020 and December 31, 2019 , long-term debt consisted of the following (in thousands): March 31, December 31, Revolving credit facility (1) $ 70,471 $ 50,534 1.50% convertible senior notes (2) 164,370 167,594 Promissory note 25,000 25,000 Other debt and finance lease obligations 5,031 5,041 Total debt 264,872 248,169 Less: Current portion (25,643 ) (25,617 ) Total long-term debt $ 239,229 $ 222,552 ____________________ (1) Presented net of $1.2 million and $1.4 million of unamortized debt issuance costs as of March 31, 2020 and December 31, 2019 , respectively. (2) The outstanding principal amount of the 1.50% convertible senior notes was $186.6 million and $192.3 million as of March 31, 2020 and December 31, 2019 , respectively.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Schedule of Common Stock Outstanding Roll Forward	The following table provides details with respect to the changes to the number of shares of common stock, $0.01 par value, outstanding during the first quarter of 2020 (in thousands): Shares of common stock outstanding – December 31, 2019 60,501 Restricted stock awards, net of forfeitures 666 Shares withheld for taxes on vesting of restricted stock awards and transferred to treasury (223 ) Shares of common stock outstanding – March 31, 2020 60,944

Long-Term Incentive Compensat_2

Long-Term Incentive Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following table presents a summary of activity for stock options, service-based restricted stock awards and performance-based stock unit awards for the three months ended March 31, 2020 (in thousands): Stock Options Service-based Restricted Stock Performance-based Stock Units Outstanding – December 31, 2019 636 1,064 248 Granted — 594 181 Vested/Exercised — (472 ) (125 ) Forfeited (14 ) (52 ) — Outstanding – March 31, 2020 622 1,134 304 Weighted average grant date fair value (2020 awards) $ — $ 11.06 $ 11.15

Segments and Related Informat_2

Segments and Related Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Financial information by business segment for the three months ended March 31, 2020 and 2019 is summarized in the following tables (in thousands). Revenues Depreciation and Operating income (loss) Capital Total assets Three months ended March 31, 2020 Well Site Services – Completion Services (1) $ 82,926 $ 14,766 $ (139,603 ) $ 2,938 $ 313,349 Drilling Services (2) 4,531 270 (5,351 ) 114 7,506 Total Well Site Services 87,457 15,036 (144,954 ) 3,052 320,855 Downhole Technologies (3) 41,065 5,584 (192,691 ) 1,649 333,518 Offshore/Manufactured Products (4) 91,172 5,628 (95,496 ) 1,065 562,179 Corporate — 161 (8,661 ) 115 95,458 Total $ 219,694 $ 26,409 $ (441,802 ) $ 5,881 $ 1,312,010 Revenues Depreciation and Operating income (loss) Capital Total assets Three months ended March 31, 2019 Well Site Services – Completion Services $ 100,642 $ 17,286 $ (3,494 ) $ 11,682 $ 521,553 Drilling Services 7,750 3,341 (4,559 ) 949 55,785 Total Well Site Services 108,392 20,627 (8,053 ) 12,631 577,338 Downhole Technologies 54,290 5,066 4,054 3,616 715,217 Offshore/Manufactured Products 87,929 5,587 5,259 1,546 677,907 Corporate — 271 (12,100 ) 129 46,765 Total $ 250,611 $ 31,551 $ (10,840 ) $ 17,922 $ 2,017,227 ________________ (1) Operating loss includes a non-cash goodwill impairment charge of $127.1 million to reduce the carrying value of the Completion Services reporting unit to its estimated fair value and an inventory impairment charge of $9.0 million to reduce the carrying value of the Completion Services reporting unit's inventory to its estimated net realizable value. (2) Operating loss includes a non-cash fixed asset impairment charge of $5.2 million to reduce the carrying value of the Drilling Services business's fixed assets to their estimated realizable value. (3) Operating loss includes non-cash goodwill impairment charge of $192.5 million to reduce the carrying value of the Downhole Technologies reporting unit to its estimated fair value.
Supplemental Revenue Information by Segments	The following table provides supplemental disaggregated revenue from contracts with customers by business segment for the three months ended March 31, 2020 and 2019 (in thousands): Well Site Services Downhole Technologies Offshore/Manufactured Products Total 2020 2019 2020 2019 2020 2019 2020 2019 Three months ended March 31 Major revenue categories - Project-driven products $ — $ — $ — $ — $ 36,788 $ 27,245 $ 36,788 $ 27,245 Short-cycle: Completion products and services 82,926 100,642 41,065 54,290 13,649 24,274 137,640 179,206 Drilling services 4,531 7,750 — — — — 4,531 7,750 Other products — — — — 8,420 7,739 8,420 7,739 Total short-cycle 87,457 108,392 41,065 54,290 22,069 32,013 150,591 194,695 Other products and services — — — — 32,315 28,671 32,315 28,671 $ 87,457 $ 108,392 $ 41,065 $ 54,290 $ 91,172 $ 87,929 $ 219,694 $ 250,611

Asset Impairments and Other C_3

Asset Impairments and Other Charges - Narrative (Details) $ in Thousands	1 Months Ended	3 Months Ended
	Mar. 31, 2020USD ($)usd_per_barrel	Mar. 31, 2020USD ($)usd_per_barrel	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)
Impaired Long-Lived Assets Held and Used [Line Items]
Percentage decline in crude oil prices	50.00%
Brent crude oil, price per barrel | usd_per_barrel	15	15
WTI crude oil, price per barrel | usd_per_barrel	21	21
Goodwill, net	$ 75,757	$ 75,757		$ 482,306
Impairments of goodwill		406,056	$ 0
Non-cash impairment of fixed assets		5,198	$ 0
Offshore / Manufactured Products
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill, net	75,757	75,757		162,750
Impairments of goodwill		86,500
Goodwill, Impairment Loss, Increase Due To Increase In Discount Rate		$ 10,000
Reporting unit, fair value determination, percentage increase in discount rate		0.50%
Non-cash impairment of fixed assets		$ 0
Total Well Site Services
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill, net	0	0		127,054
Impairments of goodwill		127,054
Drilling Services | Total Well Site Services
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill, net	$ 0	0		$ 0
Impairments of goodwill		0
Non-cash impairment of fixed assets		$ 5,198
Minimum
Impaired Long-Lived Assets Held and Used [Line Items]
Reporting unit, fair value determination, discount rate		16.80%
Maximum
Impaired Long-Lived Assets Held and Used [Line Items]
Reporting unit, fair value determination, discount rate		18.50%

Details of Selected Balance S_3

Details of Selected Balance Sheet Accounts - Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 231,158		$ 242,232
Allowance for doubtful accounts	(8,686)		(8,745)
Accounts receivable, net	$ 222,472		233,487
Allowance for doubtful accounts as a percentage of total accounts receivable	4.00%	4.00%
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 174,041		178,813
Unbilled revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	29,086		28,341
Contract assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	23,148		26,034
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 4,883		$ 9,044

Asset Impairments and Other C_4

Asset Impairments and Other Charges - Schedule of Asset Impairments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Impaired Long-Lived Assets Held and Used [Line Items]
Impairments of goodwill	$ 406,056	$ 0
Goodwill, impairment loss, tax	19,600
Goodwill, impairment loss, net of tax	386,456
Non-cash impairment of fixed assets	5,198	0
Non-cash impairment of fixed assets, tax	1,092
Non-cash impairment of fixed assets, net of tax	4,106
Impairments of inventories	25,230	$ 0
Impairment of inventories, tax	4,736
Impairment of inventories, net of tax	20,494
Severance and facility closure costs	660
Severance and facility closure costs, tax	139
Severance and facility closure costs, net of tax	521
Total Well Site Services
Impaired Long-Lived Assets Held and Used [Line Items]
Impairments of goodwill	127,054
Total Well Site Services | Drilling Services
Impaired Long-Lived Assets Held and Used [Line Items]
Impairments of goodwill	0
Non-cash impairment of fixed assets	5,198
Impairments of inventories	0
Severance and facility closure costs	217
Total Well Site Services | Completion Services
Impaired Long-Lived Assets Held and Used [Line Items]
Impairments of goodwill	127,054
Non-cash impairment of fixed assets	0
Impairments of inventories	8,981
Severance and facility closure costs	331
Downhole Technologies
Impaired Long-Lived Assets Held and Used [Line Items]
Impairments of goodwill	192,502
Non-cash impairment of fixed assets	0
Impairments of inventories	0
Severance and facility closure costs	0
Offshore/Manufactured Products
Impaired Long-Lived Assets Held and Used [Line Items]
Impairments of goodwill	86,500
Non-cash impairment of fixed assets	0
Impairments of inventories	16,249
Severance and facility closure costs	$ 112

Details of Selected Balance S_4

Details of Selected Balance Sheet Accounts - Contract Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Details of Selected Balance Sheet Accounts [Abstract]
Deferred revenue (contract liabilities)	$ 20,721	$ 17,761

Details of Selected Balance S_5

Details of Selected Balance Sheet Accounts - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Concentration Risk [Line Items]
Increase (decrease) in contract with customer, asset	$ (2,900)
Contract with customer, asset, reclassified to receivable	18,700
Contract with customer, asset, increase due to revenue recognized	16,100
Increase (decrease) in contract with customer, liability	3,000
Contract with customer, liability, increase due to billings	10,500
Contract with customer, liability, revenue recognized	7,400
Impairments of inventories	25,230	$ 0
Impairment of fixed assets	5,198	0
Depreciation	20,100	24,800
Amortization	$ 6,300	$ 6,700
UNITED STATES | Geographic Concentration Risk | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	74.00%	73.00%
UNITED KINGDOM | Geographic Concentration Risk | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%		10.00%
Total Well Site Services [Member] | Drilling Services
Concentration Risk [Line Items]
Impairments of inventories	$ 0
Impairment of fixed assets	$ 5,198

Details of Selected Balance S_6

Details of Selected Balance Sheet Accounts - Activity in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts – December 31	$ 8,745	$ 6,701
Provision	589	(134)
Write-offs	(1,785)	0
Other	1,137	157
March 31	$ 8,686	$ 6,724

Details of Selected Balance S_7

Details of Selected Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Details of Selected Balance Sheet Accounts [Abstract]
Finished goods and purchased products	$ 106,833	$ 107,691
Work in process	30,175	21,963
Raw materials	114,818	110,719
Total inventories	251,826	240,373
Allowance for excess or obsolete inventory	(42,646)	(19,031)
Inventories, net	$ 209,180	$ 221,342

Details of Selected Balance S_8

Details of Selected Balance Sheet Accounts - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,194,754	$ 1,224,308
Accumulated depreciation	(765,752)	(764,584)
Property, plant, and equipment, net	429,002	459,724
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	34,917	37,507
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	265,924	273,384
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	238,599	246,826
Completion Services equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	513,101	510,737
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	37,554	45,309
Vehicles
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	93,301	97,264
Construction in progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 11,358	$ 13,281

Details of Selected Balance S_9

Details of Selected Balance Sheet Accounts - Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Details of Selected Balance Sheet Accounts [Abstract]
Deferred compensation plan	$ 21,327	$ 22,268
Other	6,516	6,433
Other noncurrent assets	$ 27,843	$ 28,701

Details of Selected Balance _10

Details of Selected Balance Sheet Accounts - Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Details of Selected Balance Sheet Accounts [Abstract]
Accrued compensation	$ 16,340	$ 24,930
Insurance liabilities	8,563	9,108
Accrued taxes, other than income taxes	4,335	3,424
Accrued commissions	2,089	1,481
Other	11,900	9,897
Accrued liabilities	$ 43,227	$ 48,840

Details of Selected Balance _11

Details of Selected Balance Sheet Accounts - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Goodwill [Line Items]
Goodwill			$ 764,601
Accumulated impairment losses			(282,295)
Changes in carrying value of goodwill
Goodwill, net, beginning of period	$ 482,306
Goodwill impairment	(406,056)	$ 0
Foreign currency translation	(493)
Goodwill, net, end of period	75,757
Total Well Site Services
Goodwill [Line Items]
Goodwill			244,349
Accumulated impairment losses			(117,295)
Changes in carrying value of goodwill
Goodwill, net, beginning of period	127,054
Goodwill impairment	(127,054)
Foreign currency translation	0
Goodwill, net, end of period	0
Total Well Site Services | Completion Services
Goodwill [Line Items]
Goodwill			221,582
Accumulated impairment losses			(94,528)
Changes in carrying value of goodwill
Goodwill, net, beginning of period	127,054
Goodwill impairment	(127,054)
Foreign currency translation	0
Goodwill, net, end of period	0
Total Well Site Services | Drilling Services
Goodwill [Line Items]
Goodwill			22,767
Accumulated impairment losses			(22,767)
Changes in carrying value of goodwill
Goodwill, net, beginning of period	0
Goodwill impairment	0
Foreign currency translation	0
Goodwill, net, end of period	0
Downhole Technologies
Goodwill [Line Items]
Goodwill			357,502
Accumulated impairment losses			(165,000)
Changes in carrying value of goodwill
Goodwill, net, beginning of period	192,502
Goodwill impairment	(192,502)
Foreign currency translation	0
Goodwill, net, end of period	0
Offshore/Manufactured Products
Goodwill [Line Items]
Goodwill			162,750
Accumulated impairment losses			$ 0
Changes in carrying value of goodwill
Goodwill, net, beginning of period	162,750
Goodwill impairment	(86,500)
Foreign currency translation	(493)
Goodwill, net, end of period	$ 75,757

Details of Selected Balance _12

Details of Selected Balance Sheet Accounts - Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 325,178	$ 325,030
Accumulated Amortization	101,220	94,939
Net Carrying Amount	223,958	230,091
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	168,260	168,278
Accumulated Amortization	47,056	44,296
Net Carrying Amount	121,204	123,982
Patents/Technology/Know-how
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	86,123	85,919
Accumulated Amortization	32,291	30,791
Net Carrying Amount	53,832	55,128
Noncompete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	17,087	17,125
Accumulated Amortization	12,291	11,061
Net Carrying Amount	4,796	6,064
Tradenames and other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	53,708	53,708
Accumulated Amortization	9,582	8,791
Net Carrying Amount	$ 44,126	$ 44,917

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Numerators:
Net loss	$ (405,041)	$ (14,648)
Less: Income attributable to unvested restricted stock awards	0	0
Numerator for basic net loss per share	(405,041)	(14,648)
Effect of dilutive securities:
Unvested restricted stock awards	0	0
Numerator for diluted net loss per share	$ (405,041)	$ (14,648)
Denominators:
Weighted average number of common shares outstanding (in shares)	60,770	60,249
Less: Weighted average number of unvested restricted stock awards outstanding (in shares)	(1,116)	(991)
Denominator for basic and diluted net loss per share (in shares)	59,654	59,258
Net loss per share:
Basic (in dollars per share)	$ (6.79)	$ (0.25)
Diluted (in dollars per share)	$ (6.79)	$ (0.25)

Net Loss Per Share - Narrative

Net Loss Per Share - Narrative (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	629	687
1.5% Convertible Unsecured Senior Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stated interest rate	1.50%

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Jan. 30, 2018	Jan. 12, 2018
Debt Instrument [Line Items]
Total debt	$ 264,872	$ 248,169
Less: Current portion	(25,643)	(25,617)
Long-term debt	239,229	222,552
Unamortized debt issuance costs	1,200	1,400
Convertible Debt
Debt Instrument [Line Items]
Total debt	164,370	167,594
Unsecured Debt
Debt Instrument [Line Items]
Total debt	25,000	25,000
Stated interest rate				2.50%
Other debt and finance lease obligations
Debt Instrument [Line Items]
Total debt	5,031	5,041
Revolving Credit Facility
Debt Instrument [Line Items]
Total debt	$ 70,471	50,534
1.5% Convertible Unsecured Senior Notes
Debt Instrument [Line Items]
Stated interest rate	1.50%
1.5% Convertible Unsecured Senior Notes | Convertible Debt
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 2,814	3,112
Stated interest rate			1.50%
Long-term debt, gross	$ 186,550	$ 192,250

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details)	Jan. 30, 2018USD ($)day$ / shares	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)	Jan. 12, 2018USD ($)
Debt Instrument [Line Items]
Repayments of convertible debt		$ 4,737,000	$ 0
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		350,000,000		$ 350,000,000
Long-term line of credit		71,700,000		71,700,000
Letters of credit outstanding		19,100,000		19,100,000
Remaining borrowing capacity		$ 107,600,000		107,600,000
Minimum interest coverage ratio		3
Maximum senior secured leverage ratio		2.25
Maximum leverage ratio		3.75
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 50,000,000		$ 50,000,000
Unsecured Debt
Debt Instrument [Line Items]
Stated interest rate					2.50%
Debt instrument, face amount					$ 25,000,000
1.5% Convertible Unsecured Senior Notes
Debt Instrument [Line Items]
Stated interest rate		1.50%		1.50%
1.5% Convertible Unsecured Senior Notes | Convertible Debt
Debt Instrument [Line Items]
Stated interest rate	1.50%
Debt instrument, face amount	$ 200,000,000
Debt Instrument, amount repurchased		$ 5,700,000		$ 13,500,000
Repayments of convertible debt		4,700,000		$ 11,500,000
Effective interest rate percentage	6.00%
Interest expense		2,500,000	2,500,000
Interest expense, contractual interest		$ 700,000	$ 800,000
Conversion ratio	0.0222748
Conversion price (in dollars per share) | $ / shares	$ 44.89
Percentage of conversion price	130.00%
Threshold trading days | day	20
Threshold consecutive trading days | day	30
Amount of indebtedness in event of default	$ 40,000,000
Threshold consecutive trading days, sale price per share | day	5
Measurement period | day	5
Percentage of sales price per share	98.00%
Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Commitment fee percentage		0.25%
Maximum | Revolving Credit Facility
Debt Instrument [Line Items]
Commitment fee percentage		0.50%
London Interbank Offered Rate (LIBOR) | Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
London Interbank Offered Rate (LIBOR) | Maximum | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate		3.00%
Base Rate | Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate		0.75%
Base Rate | Maximum | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%

Long-term Debt - Carrying Amoun

Long-term Debt - Carrying Amount of the 1.50% Notes (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Debt Instrument [Line Items]
Less: Unamortized issuance costs	$ 1,200	$ 1,400
Net carrying amount of the liability component	239,229	222,552
Convertible Debt | 1.5% Convertible Unsecured Senior Notes
Debt Instrument [Line Items]
Principal amount of the liability component	186,550	192,250
Less: Unamortized discount	19,366	21,544
Less: Unamortized issuance costs	2,814	3,112
Net carrying amount of the liability component	164,370	$ 167,594
Net carrying amount of the equity component	$ 25,683		$ 25,683

Fair Value Measurements (Detail

Fair Value Measurements (Details) - 1.5% Convertible Unsecured Senior Notes - Convertible Debt - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Principal amount of the liability component	$ 186,550	$ 192,250
Fair Value, Inputs, Level 1 | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 78,500

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Equity, Class of Treasury Stock [Line Items]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	0
Remaining authorized repurchase amount	$ 119.8

Stockholders' Equity - Common S

Stockholders' Equity - Common Stock Outstanding Activity (Details)	3 Months Ended
	Mar. 31, 2020shares
Changes in Common Stock Outstanding [Roll Forward]
Shares of common stock outstanding – December 31, 2018 (in shares)	60,501,000
Restricted stock awards, net of forfeitures (in shares)	666,000
Shares withheld for taxes on vesting of restricted stock awards and transferred to treasury (in shares)	(223,000)
Shares of common stock outstanding – September 30, 2019 (in shares)	60,944,000

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity	$ 802,632	$ 1,427,644	$ 1,223,967	$ 1,439,768
Currency translation adjustments	$ (14,791)	$ 2,466
United Kingdom, Pounds
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exchange rate strengthened (weakened)	(6.00%)	2.00%
Brazil, Brazil Real
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exchange rate strengthened (weakened)	(22.00%)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' equity	$ (82,537)	$ (68,931)	$ (67,746)	$ (71,397)

Long-Term Incentive Compensat_3

Long-Term Incentive Compensation - Stock Option Activity (Details)	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Stock Options
Outstanding – December 31, 2019 (in shares)	636,000
Granted (in shares)	0
Vested/Exercised (in shares)	0
Forfeited (in shares)	(14,000)
Outstanding – March 31, 2020 (in shares)	622,000
Weighted average grant date fair value (2020 awards) (in dollars per share) | $ / shares	$ 0
Service-based Restricted Stock
Service-based and Performance-based Stock
Outstanding – December 31, 2019 (in shares)	1,064,000
Granted (in shares)	594,000
Vested/Exercised (in shares)	(472,000)
Forfeited (in shares)	(52,000)
Outstanding – March 31, 2020 (in shares)	1,134,000
Weighted average grant date fair value (2020 awards) (in dollars per share) | $ / shares	$ 11.06
Performance-based Stock Units
Service-based and Performance-based Stock
Outstanding – December 31, 2019 (in shares)	248,000
Granted (in shares)	181,000
Vested/Exercised (in shares)	(125,000)
Forfeited (in shares)	0
Outstanding – March 31, 2020 (in shares)	304,000
Weighted average grant date fair value (2020 awards) (in dollars per share) | $ / shares	$ 11.15

Long-Term Incentive Compensat_4

Long-Term Incentive Compensation - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation arrangement, recorded liability	$ 2,000,000	$ 1,400,000
Stock-based compensation expense	1,200,000	4,400,000
Share-based compensation costs not yet recognized	15,600,000
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation arrangement, potential maximum liability	0	0
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation arrangement, potential maximum liability	$ 4,000,000	$ 2,700,000
Service-based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Performance-based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period (in years)	3 years
Percentage of additional performance-based awards issued (in shares)	200.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (39,491)	$ (277)
Income (loss) before income taxes	(444,532)	$ (14,925)
Nondeductible goodwill impairment losses	313,100
Income tax expense (benefit) from carryback of operating losses	(14,800)
Income taxes receivable	$ 41,200

Segments and Related Informat_3

Segments and Related Information - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)segment	Mar. 31, 2019
Segment Reporting [Abstract]
Number of reportable segments | segment	3
Segment Reporting Information [Line Items]
Revenue, remaining performance obligation | $	$ 161
Revenue, remaining performance obligation, percentage of obligations, remaining fiscal year	51.00%
Revenue, remaining performance obligation, percentage of obligations, remaining in year two	30.00%
Transferred over Time
Segment Reporting Information [Line Items]
Revenue from contract with customer, percentage of revenue	66.00%	66.00%

Segments and Related Informat_4

Segments and Related Information - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 219,694	$ 250,611
Depreciation and amortization	26,409	31,551
Operating income (loss)	(441,802)	(10,840)
Capital expenditures	5,881	17,922
Total assets	1,312,010	2,017,227	$ 1,727,867
Impairments of goodwill	406,056	0
Non-cash impairment of fixed assets	5,198	0
Impairments of inventories	25,230	0
Corporate
Segment Reporting Information [Line Items]
Revenues	0	0
Depreciation and amortization	161	271
Operating income (loss)	(8,661)	(12,100)
Capital expenditures	115	129
Total assets	95,458	46,765
Total Well Site Services
Segment Reporting Information [Line Items]
Revenues	87,457	108,392
Impairments of goodwill	127,054
Total Well Site Services | Operating Segments
Segment Reporting Information [Line Items]
Revenues	87,457	108,392
Depreciation and amortization	15,036	20,627
Operating income (loss)	(144,954)	(8,053)
Capital expenditures	3,052	12,631
Total assets	320,855	577,338
Downhole Technologies
Segment Reporting Information [Line Items]
Revenues	41,065	54,290
Impairments of goodwill	192,502
Non-cash impairment of fixed assets	0
Impairments of inventories	0
Downhole Technologies | Operating Segments
Segment Reporting Information [Line Items]
Revenues	41,065	54,290
Depreciation and amortization	5,584	5,066
Operating income (loss)	(192,691)	4,054
Capital expenditures	1,649	3,616
Total assets	333,518	715,217
Offshore / Manufactured Products
Segment Reporting Information [Line Items]
Revenues	91,172	87,929
Impairments of goodwill	86,500
Non-cash impairment of fixed assets	0
Impairments of inventories	16,249
Offshore / Manufactured Products | Operating Segments
Segment Reporting Information [Line Items]
Revenues	91,172	87,929
Depreciation and amortization	5,628	5,587
Operating income (loss)	(95,496)	5,259
Capital expenditures	1,065	1,546
Total assets	562,179	677,907
Completion Services | Total Well Site Services
Segment Reporting Information [Line Items]
Impairments of goodwill	127,054
Non-cash impairment of fixed assets	0
Impairments of inventories	8,981
Completion Services | Total Well Site Services | Operating Segments
Segment Reporting Information [Line Items]
Revenues	82,926	100,642
Depreciation and amortization	14,766	17,286
Operating income (loss)	(139,603)	(3,494)
Capital expenditures	2,938	11,682
Total assets	313,349	521,553
Drilling Services | Total Well Site Services
Segment Reporting Information [Line Items]
Impairments of goodwill	0
Non-cash impairment of fixed assets	5,198
Impairments of inventories	0
Drilling Services | Total Well Site Services | Operating Segments
Segment Reporting Information [Line Items]
Revenues	4,531	7,750
Depreciation and amortization	270	3,341
Operating income (loss)	(5,351)	(4,559)
Capital expenditures	114	949
Total assets	$ 7,506	$ 55,785

Segments and Related Informat_5

Segments and Related Information - Supplemental Revenue Information by Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 219,694	$ 250,611
Project-driven products
Segment Reporting Information [Line Items]
Revenues	36,788	27,245
Short-cycle products
Segment Reporting Information [Line Items]
Revenues	150,591	194,695
Completion products and services
Segment Reporting Information [Line Items]
Revenues	137,640	179,206
Drilling services
Segment Reporting Information [Line Items]
Revenues	4,531	7,750
Other products
Segment Reporting Information [Line Items]
Revenues	8,420	7,739
Other products and services
Segment Reporting Information [Line Items]
Revenues	32,315	28,671
Total Well Site Services
Segment Reporting Information [Line Items]
Revenues	87,457	108,392
Total Well Site Services | Project-driven products
Segment Reporting Information [Line Items]
Revenues	0	0
Total Well Site Services | Short-cycle products
Segment Reporting Information [Line Items]
Revenues	87,457	108,392
Total Well Site Services | Completion products and services
Segment Reporting Information [Line Items]
Revenues	82,926	100,642
Total Well Site Services | Drilling services
Segment Reporting Information [Line Items]
Revenues	4,531	7,750
Total Well Site Services | Other products
Segment Reporting Information [Line Items]
Revenues	0	0
Total Well Site Services | Other products and services
Segment Reporting Information [Line Items]
Revenues	0	0
Downhole Technologies
Segment Reporting Information [Line Items]
Revenues	41,065	54,290
Downhole Technologies | Project-driven products
Segment Reporting Information [Line Items]
Revenues	0	0
Downhole Technologies | Short-cycle products
Segment Reporting Information [Line Items]
Revenues	41,065	54,290
Downhole Technologies | Completion products and services
Segment Reporting Information [Line Items]
Revenues	41,065	54,290
Downhole Technologies | Drilling services
Segment Reporting Information [Line Items]
Revenues	0	0
Downhole Technologies | Other products
Segment Reporting Information [Line Items]
Revenues	0	0
Downhole Technologies | Other products and services
Segment Reporting Information [Line Items]
Revenues	0	0
Offshore / Manufactured Products
Segment Reporting Information [Line Items]
Revenues	91,172	87,929
Offshore / Manufactured Products | Project-driven products
Segment Reporting Information [Line Items]
Revenues	36,788	27,245
Offshore / Manufactured Products | Short-cycle products
Segment Reporting Information [Line Items]
Revenues	22,069	32,013
Offshore / Manufactured Products | Completion products and services
Segment Reporting Information [Line Items]
Revenues	13,649	24,274
Offshore / Manufactured Products | Drilling services
Segment Reporting Information [Line Items]
Revenues	0	0
Offshore / Manufactured Products | Other products
Segment Reporting Information [Line Items]
Revenues	8,420	7,739
Offshore / Manufactured Products | Other products and services
Segment Reporting Information [Line Items]
Revenues	$ 32,315	$ 28,671

Commitments and Contingencies (

Commitments and Contingencies (Details)	Jan. 12, 2018USD ($)
Unsecured Debt
Business Acquisition [Line Items]
Debt instrument, face amount	$ 25,000,000

Related Party Transactions (Det

Related Party Transactions (Details) - Affiliated Entity - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Related Party Transaction [Line Items]
Related party transaction, purchases from related party		$ 410
Revenue from related parties	$ 1,800	7
Rent Expense
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	$ 44	$ 25