Forum Energy (FET) 10-Q 31 Oct 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Oct. 30, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	FORUM ENERGY TECHNOLOGIES, INC.
Entity Central Index Key	1,401,257
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		109,166,939
Entity Emerging Growth Company	false
Entity Small Business	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Total revenue	$ 267,037	$ 198,709	$ 791,271	$ 570,920
Cost of sales	192,496	151,150	576,774	435,127
Gross profit	74,541	47,559	214,497	135,793
Operating expenses
Selling, general and administrative expenses	71,790	63,191	215,369	185,760
Transaction expenses	769	882	2,164	1,755
Goodwill and intangible asset impairments	0	638	14,477	68,642
Loss (gain) on disposal of assets and other	205	128	(1,495)	1,517
Total operating expenses	72,764	64,839	230,515	257,674
Earnings from equity investment	659	3,361	46	7,391
Operating income (loss)	2,436	(13,919)	(15,972)	(114,490)
Other expense (income)
Interest expense	7,923	6,366	23,871	19,331
Foreign exchange and other losses (gains), net	(1,325)	2,360	(3,634)	6,508
Gain on contribution of subsea rentals business	0	0	(33,506)	0
Total other (income) expense, net	6,598	8,726	(13,269)	25,839
Loss before income taxes	(4,162)	(22,645)	(2,703)	(140,329)
Income tax benefit	(1,108)	(7,817)	(12,366)	(31,860)
Net income (loss)	$ (3,054)	$ (14,828)	$ 9,663	$ (108,469)
Weighted average shares outstanding
Basic (in shares)	108,856	96,275	108,666	96,103
Diluted (in shares)	108,856	96,275	110,801	96,103
Earnings (loss) per share
Basic (in USD per share)	$ (0.03)	$ (0.15)	$ 0.09	$ (1.13)
Diluted (in USD per share)	$ (0.03)	$ (0.15)	$ 0.09	$ (1.13)
Other comprehensive income (loss), net of tax:
Net income (loss)	$ (3,054)	$ (14,828)	$ 9,663	$ (108,469)
Change in foreign currency translation, net of tax of $0	(1,536)	11,547	(13,884)	34,094
Gain (loss) on pension liability	7	(36)	78	(133)
Comprehensive loss	$ (4,583)	$ (3,317)	$ (4,143)	$ (74,508)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Change in foreign currency translation, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 26,940	$ 115,216
Accounts receivable—trade, net	214,719	202,914
Inventories, net	503,452	443,177
Prepaid expenses and other current assets	27,915	19,490
Accrued revenue	1,769	0
Costs and estimated profits in excess of billings	10,485	9,584
Total current assets	785,280	790,381
Property and equipment, net of accumulated depreciation	179,760	197,281
Deferred financing costs, net	2,278	2,900
Intangible assets	390,489	443,064
Goodwill	752,361	755,245
Investment in unconsolidated subsidiary	41,351	0
Deferred income taxes, net	8,317	3,344
Other long-term assets	9,672	3,013
Total assets	2,169,508	2,195,228
Current liabilities
Current portion of long-term debt	948	1,156
Accounts payable—trade	142,540	137,684
Accrued liabilities	69,846	66,765
Deferred revenue	7,726	8,819
Billings in excess of costs and profits recognized	5,160	1,881
Total current liabilities	226,220	216,305
Long-term debt, net of current portion	465,969	506,750
Deferred income taxes, net	21,799	31,232
Other long-term liabilities	34,769	31,925
Total liabilities	748,757	786,212
Commitments and contingencies
Equity
Common stock, $0.01 par value, 296,000,000 shares authorized, 117,226,234 and 116,343,656 shares issued	1,172	1,163
Additional paid-in capital	1,212,355	1,195,339
Treasury stock at cost, 8,200,477 and 8,190,362 shares	(134,434)	(134,293)
Retained earnings	447,431	438,774
Accumulated other comprehensive loss	(105,773)	(91,967)
Total equity	1,420,751	1,409,016
Total liabilities and equity	$ 2,169,508	$ 2,195,228

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common Stock, par value (USD per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	296,000,000	296,000,000
Common Stock, shares issued (in shares)	117,226,234	116,343,656
Treasury stock (in shares)	8,200,477	8,190,362

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net income (loss)	$ 9,663	$ (108,469)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation expense	24,975	25,212
Amortization of intangible assets	30,905	20,030
Goodwill and intangible asset impairments	14,477	68,642
Inventory write down	9,180	1,376
Share-based compensation expense	17,173	15,219
Earnings from unconsolidated subsidiary, net of distributions	(46)	(4,317)
Gain on contribution of subsea rentals business	(33,506)	0
Deferred income taxes	(14,406)	(31,041)
Other	2,372	4,548
Changes in operating assets and liabilities
Accounts receivable—trade	(19,550)	(43,167)
Inventories	(67,507)	(44,288)
Prepaid expenses and other assets	(12,551)	1,684
Income tax receivable	0	30,929
Cost and estimated profit in excess of billings	(877)	9
Accounts payable, deferred revenue and other accrued liabilities	12,073	49,126
Billings in excess of costs and estimated profits earned	3,279	(2,576)
Net cash used in operating activities	(24,346)	(17,083)
Cash flows from investing activities
Capital expenditures for property and equipment	(19,856)	(19,656)
Acquisition of businesses, net of cash acquired	(8,000)	(47,890)
Investment in unconsolidated subsidiary	0	(1,041)
Proceeds from sale of business, property and equipment	9,194	1,849
Net cash used in investing activities	(18,662)	(66,738)
Cash flows from financing activities
Borrowings of debt	100,000	0
Repayments of debt	(141,866)	(1,140)
Repurchases of stock	(2,499)	(4,667)
Proceeds from stock issuance	150	2,896
Net cash used in financing activities	(44,215)	(2,911)
Effect of exchange rate changes on cash	(1,053)	8,702
Net decrease in cash, cash equivalents and restricted cash	(88,276)	(78,030)
Cash, cash equivalents and restricted cash at beginning of period	115,216	234,422
Cash, cash equivalents and restricted cash at end of period	26,940	156,392
Noncash investing activities
Acquisition via issuance of stock	0	4,500
Assets contributed for equity method investment	18,070	0
Note receivable related to equity method investment transaction	$ 4,067	$ 0

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Forum Energy Technologies, Inc. (the “Company,” “we,” “our,” or “us”), a Delaware corporation, is a global oilfield products company, serving the drilling, subsea, completion, production and infrastructure sectors of the oil and natural gas industry. The Company designs, manufactures and distributes products and engages in aftermarket services, parts supply and related services that complement the Company’s product offering. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its subsidiaries. All significant intercompany transactions have been eliminated in consolidation. Our investments in operating entities where we have the ability to exert significant influence, but do not control operating and financial policies, are accounted for using the equity method of accounting, with our share of the net income reported in “ Earnings from equity investment ” in the condensed consolidated statements of comprehensive loss . These investments are included in “ Investment in unconsolidated subsidiary ” in the condensed consolidated balance sheets. The Company’s share of equity earnings are reported within operating income (loss) , as the investee’s operations are integral to the operations of the Company. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the fair statement of the Company’s financial position, results of operations and cash flows have been included. Operating results for the nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 or any other interim period. These interim financial statements are unaudited and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete consolidated financial statements and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2017 , which are included in the Company’s 2017 Annual Report on Form 10-K filed with the SEC on February 27, 2018 (the “Annual Report”).

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”), which we adopt 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 our consolidated financial statements upon adoption. Accounting Standards Adopted in 2018 Revenue Recognition. In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (“Topic 606”). Topic 606 supersedes existing revenue recognition guidance and requires revenue to be recognized when promised goods or services are transferred to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. We adopted Topic 606 as of January 1, 2018 using the modified retrospective transition method applied to contracts that were not completed as of that date. As such, the comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The adoption of Topic 606 did not have a material impact on the timing or amounts of revenue recognized in our unaudited condensed consolidated financial statements. We did not recognize any cumulative-effect adjustment to retained earnings upon adoption as the impact was immaterial. Refer to Note 3 Revenues for additional information related to our revenue recognition policies and incremental disclosures following the adoption of Topic 606. Modification Accounting for Stock Compensation. In May 2017, the FASB issued ASU No. 2017-09 Compensation - Stock Compensation (Topic 718) - Scope of Modification Accounting, which clarifies when to account for a change to the terms or conditions of a share based payment award as a modification. Under the new ASU, an entity should apply modification accounting unless the fair value, the vesting conditions, and the classification as equity or liability of the modified award all remain the same as the original award. We applied the update prospectively beginning January 1, 2018. The adoption of this new guidance had no material impact on our unaudited condensed consolidated financial statements. Clarifying the Definition of a Business. In January 2017, the FASB issued ASU No. 2017-01 Business Combinations (Topic 805) - Clarifying the Definition of a Business, in an effort to clarify the definition of a business, with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. We applied the update prospectively beginning January 1, 2018. The adoption of this new guidance had no material impact on our unaudited condensed consolidated financial statements. Deferred Taxes on Intra-Entity Asset Transfers. In October 2016, the FASB issued ASU No. 2016-16 Income Tax (Topic 740) - Intra-Entity Transfers of Assets Other Than Inventory. Previous GAAP prohibited the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset was sold to an outside party. This new guidance eliminated this exception and requires the income tax consequences of an intra-entity transfer of an asset other than inventory to be recognized when the transfer occurs. As required, we applied this update on a modified retrospective basis resulting in a $1.0 million direct cumulative-effect adjustment to retained earnings as of January 1, 2018. Statement of Cash Flows. In August 2016, the FASB issued ASU No. 2016-15 Cash Flow Statement (Topic 230) - Classification of Certain Cash Receipts and Cash Payments. This new guidance addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice, including: debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments or other debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions, and separately identifiable cash flows and application of the predominance principle. We adopted this new guidance in the first quarter of 2018. The only issue currently relevant to the Company is distributions received from equity method investees, where the new guidance allows an accounting policy election between the cumulative earnings approach and the nature of the distribution approach. We will continue to use the cumulative earnings approach. Therefore, the adoption of this guidance did not have a material impact on our unaudited condensed consolidated financial statements. Restricted Cash Presentation. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230) - Restricted Cash, a consensus of the FASB Emerging Issues Task Force. This new guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. We applied the update prospectively beginning January 1, 2018. The adoption of this new guidance did not have a material impact on our unaudited condensed consolidated financial statements. Accounting Standards Issued But Not Yet Adopted Accounting for Implementation Costs Related to a Cloud Computing Arrangement . In August 2018, the FASB issued ASU No. 2018-15 Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract. This new guidance aligns the requirements for capitalizing implementation costs incurred by an entity related to a cloud computing arrangement with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. Accordingly, this guidance requires an entity to capitalize certain implementation costs incurred and then amortize them over the term of the cloud hosting arrangement. Furthermore, this guidance also requires an entity to present the expense, cash flows, and capitalized implementation costs in the same financial statement line items as the associated hosting service. This new guidance will take effect for public companies with fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and early adoption is permitted. The amendments in this update should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently evaluating the impact of adopting this guidance. Fair Value Measurement Disclosure . In August 2018, the FASB issued ASU No. 2018-13 Fair Value Measurement (topic 820) - Disclosure Framework - Changes to the Disclosure Requirement for Fair Value Measurement. This new guidance eliminated, modified and added certain disclosure requirements related to fair value measurements. The amended disclosure requirements are effective for all entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. We are evaluating the impact of adopting this guidance. However, we currently expect that the adoption of this guidance will not have a material impact on our unaudited condensed consolidated financial statements. Stranded Tax Effects from the Tax Cuts and Jobs Act. In February 2018, the FASB issued ASU No. 2018-02 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. U.S. GAAP requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates, with the effect included in income from continuing operations in the reporting period that includes the enactment date, even in situations in which the related income tax effects of items in accumulated other comprehensive income were originally recognized in other comprehensive income (referred to as “stranded tax effects”). The amendments in this ASU allow a specific exception for reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. In addition, the amendments in this update also require certain disclosures about stranded tax effects. The standard will take effect for public companies with fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We are currently evaluating the impact of the adoption of this guidance. Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases. Under this new guidance, lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases (financing and operating) with terms greater than twelve months. The classification as either a financing or operating lease will determine whether lease expense is recognized on an effective interest method basis or on a straight-line basis over the term of the lease, respectively. We are continuing to evaluate the impact of the pending adoption of the new guidance and have put in place an implementation team responsible for: • reviewing existing lease contracts and identifying the relevant accounting impacts of the new standard; • providing internal training and awareness related to the new lease standard to key stakeholders throughout our organization; • implementing new processes and controls in anticipation of adopting the new guidance; and • inputting lease information into a new cloud based lease software management system. This guidance is effective for us in the first quarter of 2019 and we plan to adopt this new standard using the modified retrospective transition method. Based on our current lease portfolio, we anticipate the new guidance will require us to reflect additional assets and liabilities on our consolidated balance sheet; however, we have not yet finalized our estimation of such amount, and we are still evaluating the overall impact of the new guidance on our consolidated financial statements and related disclosures.

Revenues Revenues

Revenues Revenues	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Adoption of ASC Topic 606, “Revenue from Contracts with Customers” On January 1, 2018, we adopted Topic 606 using the modified retrospective transition method applied to contracts that were not completed as of that date. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with historic revenue recognition guidance. The adoption of Topic 606 did not have a material impact on our consolidated financial position, results of operations, equity or cash flows as of the adoption date or for the three and nine months ended September 30, 2018 . Furthermore, we expect the impact of the adoption of the new standard to be immaterial to our revenue and gross profit on an ongoing basis. The following table summarizes the impacts of adopting Topic 606 on our consolidated financial statements as of January 1, 2018: As Reported Adjustments due to As Adjusted (in thousands, unaudited) Dec. 31, 2017 ASC 606 Jan. 1, 2018 Accounts receivable—trade, net $ 202,914 $ (3,235 ) $ 199,679 Accrued revenue — 3,235 3,235 In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our consolidated statement of comprehensive income and balance sheet is shown in the tables below. As of September 30, 2018, there were no contracts in progress that were impacted by the change in timing of revenue recognition required by the adoption of ASC 606. As such, there was no impact to the income statement for the three and nine months ended September 30, 2018. The following table shows the change in balance sheet presentation as of September 30, 2018: September 30, 2018 (in thousands, unaudited) As Reported Amount Without Adoption of ASC 606 Effect of Change Balance Sheet Accounts receivable—trade, net $ 214,719 $ 216,488 $ (1,769 ) Accrued revenue 1,769 — 1,769 Revenue Recognition Policies Revenue is recognized in accordance with ASC Topic 606 when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Contract Identification. We account for a contract when it is approved, both parties are committed, the rights of the parties are identified, payment terms are defined, the contract has commercial substance and collection of consideration is probable. Performance Obligations. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer under Topic 606. The majority of our contracts with customers contain a single performance obligation to provide agreed-upon products or services. For contracts with multiple performance obligations, we allocate revenue to each performance obligation based on its relative standalone selling price. In accordance with Topic 606, we do not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer. We have elected to apply the practical expedient to account for shipping and handling costs associated with outbound freight after control of a product has transferred to a customer as a fulfillment cost which is included in Cost of Sales. Furthermore, since our customer payment terms are short-term in nature, we have also elected to apply the practical expedient which allows an entity to not adjust for the effects of a significant financing component if it expects that the customer’s payment period will be less than one year in duration. Contract Value. Revenue is measured based on the amount of consideration specified in the contracts with our customers and excludes any amounts collected on behalf of third parties. We have elected the practical expedient to exclude amounts collected from customers for all sales (and other similar) taxes. The estimation of total revenue from a customer contract is subject to elements of variable consideration. Certain customers may receive rebates or discounts which are accounted for as variable consideration. We estimate variable consideration as the most likely amount to which we expect to be entitled, and we include estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue will not occur when the uncertainty associated with the variable consideration is resolved. Our estimate of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of our anticipated performance and all information (historic, current, forecast) that is reasonably available to us. Timing of Recognition. We recognize revenue when we satisfy a performance obligation by transferring control of a product or service to a customer. Our performance obligations are satisfied at a point in time or over time as work progresses. Revenue from goods transferred to customers at a point in time accounted for 98% and 97% of revenues for the three and nine months ended September 30, 2018 , respectively. The majority of this revenue is product sales, which are generally recognized when items are shipped from our facilities and title passes to the customer. The amount of revenue recognized for products is adjusted for expected returns, which are estimated based on historical data. Revenue from goods transferred to customers over time accounted for 2% and 3% of revenues for the three and nine months ended September 30, 2018 , respectively, which is primarily related to contracts in our Subsea and Production Equipment product lines. Recognition over time for these contracts is supported by our assessment of the products supplied as having no alternative use to us and by clauses in the contracts that provide us with an enforceable right to payment for performance completed to date. We use the cost-to-cost method to measure progress for these contracts because it best depicts the transfer of assets to the customer which occurs as costs are incurred on the contract. The amount of revenue recognized is calculated based on the ratio of costs incurred to-date compared to total estimated costs which requires management to calculate reasonably dependable estimates of total contract costs. Whenever revisions of estimated contract costs and contract values indicate that the contract costs will exceed estimated revenues, thus creating a loss, a provision for the total estimated loss is recorded in that period. We recognize revenue and cost of sales each period based upon the advancement of the work-in-progress unless the stage of completion is insufficient to enable a reasonably certain forecast of profit to be established. In such cases, no profit is recognized during the period. Accounting estimates during the course of projects may change, primarily related to our remotely operated vehicles (“ROVs”) which may take longer to manufacture. The effect of such a change, which can be upward as well as downward, is accounted for in the period of change, and the cumulative income recognized to date is adjusted to reflect the latest estimates. These revisions to estimates are accounted for on a prospective basis. Contracts are sometimes modified to account for changes in product specifications or requirements. Most of our contract modifications are for goods and services that are not distinct from the existing contract. As such, these modifications are accounted for as if they were part of the existing contract, and therefore, the effect of the modification on the transaction price and our measure of progress for the performance obligation to which it relates is recognized as an adjustment to revenue on a cumulative catch-up basis. No adjustment to any one contract was material to our unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2018 . We sell our products through a number of channels including a direct sales force, marketing representatives, and distributors. We have elected to expense sales commissions when incurred as the amortization period would be less than one year. These costs are recorded within cost of sales. Portfolio Approach. We have elected to apply the new revenue standard to a portfolio of contracts with similar characteristics as we reasonably expect that the effects on the financial statements of applying this guidance to the portfolio would not differ materially from applying this guidance to the individual contracts within that portfolio. Disaggregated Revenue Refer to Note 10 Business Segments for disaggregated revenue by product line and geography. Contract Balances Contract balances are determined on a contract by contract basis. Contract assets represent revenue recognized for goods and services provided to our customers when payment is conditioned on something other than the passage of time. Similarly, when we receive consideration, or such consideration is unconditionally due, from a customer prior to transferring goods or services to the customer under the terms of a sales contract, we record a contract liability. Such contract liabilities typically result from billings in excess of costs incurred on construction contracts and advance payments received on product sales. The following table reflects the changes in our contract assets and contract liabilities balances for the nine months ended September 30, 2018 : September 30, 2018 January 1, 2018 Increase / (Decrease) $ % Accrued revenue $ 1,769 $ 3,235 Costs and estimated profits in excess of billings 10,485 9,584 Contract assets $ 12,254 $ 12,819 $ (565 ) (4 )% Deferred revenue $ 7,726 $ 8,819 Billings in excess of costs and profits recognized 5,160 1,881 Contract liabilities $ 12,886 $ 10,700 $ 2,186 20 % During the nine months ended September 30, 2018 , our contract assets decrease d by $0.6 million primarily due to the timing of billings in our Production Equipment product line and our contract liabilities increase d by $2.2 million primarily due to a down payment received for a customer order in our subsea product line. During the nine months ended September 30, 2018 , we recognized revenue of $7.5 million that was included in the contract liability balance at the beginning of the period. During the three months ended June 30, 2018, our Subsea Technologies product line received an order to supply a submarine rescue vehicle and related equipment which we expect to deliver in 2020. We use the cost-to-cost method to measure progress on this contract to recognize revenue over time. Other than this contract, all of our other contracts are less than one year in duration. As such, we have elected to apply the practical expedient which allows an entity to exclude disclosures about its remaining performance obligations if the performance obligation is part of a contract that has an original expected duration of one year or less.

Acquisitions & Dispositions

Acquisitions & Dispositions	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Acquisitions & Dispositions	Acquisitions & Dispositions 2018 Acquisition of ESP Completion Technologies LLC On July 2, 2018, we acquired certain assets of ESP Completion Technologies LLC ("ESPCT"), a subsidiary of C&J Energy Services, for cash consideration of $8.0 million . ESPCT consists of a portfolio of early stage technologies that maximize the run life of artificial lift systems, primarily electric submersible pumps. This acquisition is included in the Completions segment. The fair values of the assets acquired and liabilities assumed as well as the pro forma results of operations for this acquisition have not been presented because they are not material to the consolidated financial statements. 2018 Disposition of Forum Subsea Rentals On January 3, 2018, we contributed our subsea rentals business to Ashtead Technology to create a leading independent provider of subsea survey and equipment rental services. In exchange, we received a 40% interest in the combined business (“Ashtead”), a cash payment of £ 2.7 million British Pounds and a note receivable from Ashtead of £ 3.0 million British Pounds. Our 40% interest in Ashtead is accounted for as an equity method investment and reported as Investment in unconsolidated subsidiary in our unaudited condensed consolidated balance sheets. In the first quarter of 2018, we recognized a gain of $33.5 million as a result of the deconsolidation of our Forum Subsea Rentals business, which is classified as Gain on contribution of subsea rentals business in the unaudited condensed consolidated statements of comprehensive income (loss). This gain is equal to the sum of the consideration received, which includes the fair value of our 40% interest in Ashtead, £ 2.7 million British Pounds in cash, and the £ 3.0 million British Pounds note receivable from Ashtead, less the $18.1 million carrying value of the Forum subsea rentals assets at the time of closing. The fair value of our 40% interest in Ashtead was determined based on the present value of estimated future cash flows of the combined entity as of January 3, 2018. The difference between the fair value of our 40% interest in Ashtead of $43.8 million and the book value of the underlying net assets resulted in a basis difference, which was allocated to fixed assets, intangible assets and goodwill based on their respective fair values as of January 3, 2018. The basis difference allocated to fixed assets and intangible assets will be amortized through equity earnings (loss) over the estimated life of the respective assets. Pro forma results of operations for this transaction have not been presented because the effects were not material to the consolidated financial statements. 2017 Acquisition of Global Tubing On October 2, 2017, we acquired all of the remaining ownership interests of Global Tubing, LLC (“Global Tubing”) from our joint venture partner and management for total consideration of approximately $290.3 million . We originally invested in Global Tubing with the joint venture partner and management in 2013. Prior to acquiring the remaining ownership interest in Global Tubing, we reported this investment using the equity method of accounting. The financial results for Global Tubing are reported in the Completions segment. Located in Dayton, Texas, Global Tubing provides coiled tubing, coiled line pipe and related services to customers worldwide. We believe that this strategic acquisition will further enhance our focus and strategy of expansion in the North American completions market. Global Tubing contributed revenues of $36.2 million and $112.7 million respectively during the three and nine months ended September 30, 2018 . Refer to Note 4. Acquisitions in our Annual Report for pro forma results of operations for this acquisition. The following table summarizes the consideration transferred to acquire the remaining ownership interests of Global Tubing (in thousands other than stock price and shares issued): Purchase Consideration Forum Energy Technologies' closing stock price on October 2, 2017 $ 15.10 Multiplied by number of shares issued for acquisition 11,488,208 Value of common shares $ 173,472 Cash 31,764 Repayment of Global Tubing debt at acquisition 85,084 Total consideration paid for the acquisition $ 290,320 The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of the acquisition (in thousands): Accounts receivable $ 28,044 Inventory 40,005 Other current assets 3,141 Property and equipment 51,585 Intangible assets (primarily developed technologies and customer relationships) 228,190 Tax-deductible goodwill 69,423 Non-tax deductible goodwill 64,491 Current liabilities (16,005 ) Long term liabilities (54 ) Total net assets 468,820 Fair value of equity method investment previously held (178,500 ) Net assets acquired $ 290,320 The goodwill is attributable to the workforce of the acquired business and synergies expected to arise following the acquisition of the remaining ownership interests of Global Tubing. The goodwill associated with the previously owned equity interests is not deductible for tax purposes. All of the goodwill was assigned to the Company’s Completions segment. 2017 Acquisition of Multilift On July 3, 2017, we acquired Multilift Welltec, LLC and Multilift Wellbore Technology Limited (collectively, “Multilift”) for approximately $39.2 million in cash consideration. These acquisitions are included in the Completions segment. Based in Houston, Texas, Multilift manufactures the patented SandGuard TM and Cyclone TM completion tools. This acquisition increases our product offering related to artificial lift to our completions customers. We intend to utilize our distribution system to increase Multilift’s sales with additional customers and through geographic expansion. Pro forma results of operations for this acquisition have not been presented because the effects were not material to the condensed consolidated financial statements. The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of the acquisition (in thousands): Current assets, net of cash acquired $ 3,763 Property and equipment 96 Intangible assets (primarily customer relationships) 17,090 Tax-deductible goodwill 16,472 Non-tax deductible goodwill 3,099 Current liabilities (1,329 ) Net assets acquired $ 39,191 2017 Acquisition of Cooper Valves On January 9, 2017, we acquired substantially all of the assets of Cooper Valves, LLC as well as 100% of the general partnership interests of Innovative Valve Components (collectively, “Cooper”) for total aggregate consideration of $14.0 million , after settlement of working capital adjustments. The aggregate consideration included the issuance of stock valued at $4.5 million and certain contingent stock issuances. These acquisitions are included in the Production & Infrastructure segment. The acquired Cooper brands include Accuseal ® metal seated ball valves engineered to meet Class VI shut off standards for use in severe service applications, as well as a full line of Cooper Alloy ® cast and forged gate, globe, and check valves. Innovative Valve Components, in partnership with Cooper Valves, commercialized critical service valves and components for the power generation, mining and oil and natural gas industries. The fair values of the assets acquired and liabilities assumed and pro forma results of operations have not been presented because they are not material to the consolidated financial statements.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories Our significant components of inventory at September 30, 2018 and December 31, 2017 were as follows (in thousands): September 30, December 31, Raw materials and parts $ 203,774 $ 160,093 Work in process 42,108 51,941 Finished goods 308,508 305,461 Gross inventories 554,390 517,495 Inventory reserve (50,938 ) (74,318 ) Inventories $ 503,452 $ 443,177

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill from December 31, 2017 to September 30, 2018 , were as follows (in thousands): Drilling & Subsea Completions Production & Infrastructure Total Goodwill Balance at December 31, 2017 $ 251,454 $ 484,345 $ 19,446 $ 755,245 Acquisition — 1,478 — 1,478 Impact of non-U.S. local currency translation (3,334 ) (960 ) (68 ) (4,362 ) Goodwill Balance at September 30, 2018 $ 248,120 $ 484,863 $ 19,378 $ 752,361 We perform our annual impairment tests of goodwill as of October 1, or when there is an indication an impairment may have occurred. There was no impairment of goodwill during the three and nine months ended September 30, 2018 . In the second quarter of 2017, there was a decline in oil prices and a developing consensus view that production from lower cost oil basins would be sufficient to meet anticipated demand for a longer period, delaying the need for production from higher cost basins. With this indication of further delays in the recovery of the offshore market, we performed an impairment test and determined that the carrying value of the goodwill in our Subsea reporting unit was impaired resulting in a $68.0 million charge in the second quarter 2017. Following this impairment charge, the Subsea reporting unit has no remaining balance in goodwill. There was no indication an impairment may have occurred in the other reporting units. The fair values used in the impairment analysis were determined using the net present value of the expected future cash flows for the Subsea reporting unit. For the goodwill impairment analysis, we determine the fair value of the reporting unit as a whole using a discounted cash flow analysis, which requires significant assumptions and estimates about future operations. The assumptions about future cash flows and growth rates are based on our current budget as well as our strategic plans and management’s beliefs about future activity levels. The discount rate we used for future periods could change substantially if the cost of debt or equity were to significantly increase or decrease, or if we were to choose different comparable companies in determining the appropriate discount rate for our reporting units. Forecasted cash flows in future periods were estimated using a terminal value calculation, which considered long-term earnings growth rates. Accumulated impairment losses on goodwill were $236.8 million as of September 30, 2018 and December 31, 2017 . Intangible assets Intangible assets consisted of the following as of September 30, 2018 and December 31, 2017 , respectively (in thousands): September 30, 2018 Gross Carrying Amount Accumulated Amortization Net Amortizable Intangibles Amortization Period (In Years) Customer relationships $ 388,367 $ (138,722 ) $ 249,645 4-15 Patents and technology 109,520 (21,077 ) 88,443 5-17 Non-compete agreements 5,944 (5,614 ) 330 3-6 Trade names 62,561 (25,344 ) 37,217 10-15 Distributor relationships 22,160 (17,286 ) 4,874 8-15 Trademarks 10,319 (339 ) 9,980 15 - Indefinite Intangible Assets Total $ 598,871 $ (208,382 ) $ 390,489 December 31, 2017 Gross Carrying Amount Accumulated Amortization Net Amortizable Intangibles Amortization Period (In Years) Customer relationships $ 428,544 $ (138,566 ) $ 289,978 4-15 Patents and technology 110,910 (16,733 ) 94,177 5-17 Non-compete agreements 6,625 (6,041 ) 584 3-6 Trade names 64,359 (22,090 ) 42,269 10-15 Distributor relationships 22,160 (16,338 ) 5,822 8-15 Trademarks 10,319 (85 ) 10,234 15 - Indefinite Intangible Assets Total $ 642,917 $ (199,853 ) $ 443,064 Intangible assets with definite lives are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. In the second quarter 2018, we made the decision to exit specific products within the Subsea and Downhole product lines. As a result, we recognized $14.5 million of impairment losses on certain intangible assets (primarily customer relationships).

Debt

Debt	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Debt	Debt Notes payable and lines of credit as of September 30, 2018 and December 31, 2017 consisted of the following (in thousands): September 30, December 31, 6.25% Senior Notes due October 2021 $ 400,000 $ 400,000 Unamortized debt premium 1,278 1,583 Debt issuance cost (3,396 ) (4,222 ) Senior secured revolving credit facility 68,000 108,446 Other debt 1,035 2,099 Total debt 466,917 507,906 Less: current maturities (948 ) (1,156 ) Long-term debt $ 465,969 $ 506,750 Senior Notes Due 2021 The Senior Notes bear interest at a rate of 6.25% per annum, payable on April 1 and October 1 of each year, and mature on October 1, 2021. The Senior Notes are senior unsecured obligations, and are guaranteed on a senior unsecured basis by our subsidiaries that guarantee the Credit Facility and rank junior to, among other indebtedness, the Credit Facility to the extent of the value of the collateral securing the Credit Facility. Credit Facility On October 30, 2017, we amended and restated our existing credit facility (such amended and restated credit facility, the “Credit Facility”) to, among other things, increase revolving credit commitments from $140.0 million to $300.0 million (with a sublimit of up to $25.0 million available for the issuance of letters of credit for the account of the Company and certain of our domestic subsidiaries) (the “U.S. Line”), of which up to $30.0 million is available to certain of our Canadian subsidiaries for loans in U.S. or Canadian dollars (with a sublimit of up to $3.0 million available for the issuance of letters of credit for the account of our Canadian subsidiaries) (the “Canadian Line”). Lender commitments under the Credit Facility, subject to certain limitations, may be increased by an additional $100.0 million . The Credit Facility matures in July 2021, but if our outstanding Notes due October 2021 are refinanced or replaced with indebtedness maturing in or after February 2023, the final maturity of the Credit Facility will automatically extend to October 2022. Availability under the Credit Facility is subject to a borrowing base calculated by reference to eligible accounts receivable in the U.S., Canada and certain other jurisdictions (subject to a cap) and eligible inventory in the U.S. and Canada. Our borrowing capacity under the Credit Facility could be reduced or eliminated, depending on future fluctuations in our balances of receivables and inventory. As of September 30, 2018 , our total borrowing base was $299.4 million , of which $68.0 million was drawn and $12.4 million was used for security of outstanding letters of credit, resulting in availability of $219.0 million . Borrowings under the U.S. Line bear interest at a rate equal to, at our option, either (a) the LIBOR rate or (b) a base rate determined by reference to the highest of (i) the rate of interest per annum determined from time to time by Wells Fargo as its prime rate in effect at its principal office in San Francisco, (ii) the federal funds rate plus 0.50% per annum and (iii) the one-month adjusted LIBOR plus 1.00% per annum, in each case plus an applicable margin. Borrowings under the Canadian Line bear interest at a rate equal to, at Forum Canada’s option, either (a) the CDOR rate or (b) a base rate determined by reference to the highest of (i) the prime rate for Canadian dollar commercial loans made in Canada as reported from time to time by Thomson Reuters and (ii) the CDOR rate plus 1.00% , in each case plus an applicable margin. The applicable margin for LIBOR and CDOR loans will initially range from 1.75% to 2.25% , depending upon average excess availability under the Credit Facility. After the first quarter ending on or after March 31, 2018 in which our total leverage ratio is less than or equal to 4.00 : 1.00 , the applicable margin for LIBOR and CDOR loans will range from 1.50% to 2.00% , depending upon average excess availability under the Credit Facility. The weighted average interest rate under the Credit Facility was approximately 3.96% for the nine months ended September 30, 2018 . The Credit Facility also provides for a commitment fee in the amount of (a) 0.375% per annum on the unused portion of commitments if average usage of the Credit Facility is greater than 50% and (b) 0.500% per annum on the unused portion of commitments if average usage of the Credit Facility is less than or equal to 50% . After the first quarter ending on or after March 31, 2018 in which our total leverage ratio is less than or equal to 4.00 : 1.00 , the commitment fees will range from 0.25% to 0.375% , depending upon average usage of the Credit Facility. If excess availability under the Credit Facility falls below the greater of 10% of the borrowing base and $20.0 million , we will be required to maintain a fixed charge coverage ratio of at least 1.00 : 1.00 as of the end of each fiscal quarter until excess availability under the Credit Facility exceeds such thresholds for at least 60 consecutive days. Deferred Loan Costs We have incurred loan costs that have been deferred and are amortized to interest expense over the term of the Senior Notes and the Amended Credit Facility. Other Debt Other debt consists primarily of various capital leases of equipment. Letters of Credit and Guarantees We execute letters of credit in the normal course of business to secure the delivery of product from specific vendors and also to guarantee our fulfillment of performance obligations relating to certain large contracts. We had $12.9 million and $7.9 million in total outstanding letters of credit as of September 30, 2018 and December 31, 2017 , respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recorded a tax benefit of $1.1 million for the three months ended September 30, 2018 compared to a tax benefit of $7.8 million for the three months ended September 30, 2017 . For the nine months ended September 30, 2018 , we recorded a $12.4 million tax benefit as compared to a tax benefit of $31.9 million for the nine months ended September 30, 2017 . For interim periods, our income tax expense or benefit is computed based upon our estimated annual effective tax rate and any discrete items that impact the interim periods. Our estimated annual effective tax rate differs from the U.S. federal statutory rates of 21% and 35% for the periods in 2018 and 2017, respectively, primarily as a result of the impact of U.S. Tax Reform as discussed further below, losses in the U.K. for which the recording of a tax benefit is not available and higher projected state income taxes. The nine months ended September 30, 2018 included a $15.6 million income tax benefit from adjusting the provisional impact of tax reform initially recorded in the fourth quarter of 2017. For the nine months ended September 30, 2017 , the tax benefit was negatively impacted by a $68.0 million impairment loss related to non-tax deductible goodwill. Furthermore, the tax benefit or expense recorded can vary from period to period depending on the Company’s relative mix of U.S. and non-U.S. earnings and losses by jurisdiction. On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act of 2017 (“U.S. Tax Reform”), a comprehensive U.S. tax reform package that, effective January 1, 2018, among other things, lowered the corporate income tax rate from 35% to 21% and moved the country towards a territorial tax system with a one-time mandatory tax on previously deferred earnings of non-U.S. subsidiaries. In the fourth quarter of 2017, we recorded provisional amounts related to the effects of U.S. Tax Reform including the recognition of liabilities for taxes on mandatory deemed repatriation of non-U.S. earnings and re-measurement of deferred taxes based on the new U.S. corporate income tax rate of 21% . We updated these provisional amounts in the first nine months of 2018 based on additional guidance issued by the U.S. Internal Revenue Service resulting in an income tax benefit of $15.6 million . This adjustment to our provisional estimate of the effects of U.S. Tax Reform results in an overall net benefit of $5.5 million . As we do not have all the necessary information to analyze all income tax effects of the new rules, these amounts remain provisional and we believe they represent a reasonable estimate of the accounting implications of U.S. Tax Reform. The ultimate impact of U.S. Tax Reform continues to be subject to adjustment as further guidance is provided by the U.S. Internal Revenue Service regarding the application of the new U.S. corporate income tax laws. We expect to complete our detailed analysis no later than the fourth quarter of 2018. We have deferred tax assets related to net operating loss carryforwards in the U.S and in certain states and foreign jurisdictions. We recognize deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, including the effect of U.S. tax reform, tax-planning and recent operating results. We continue to provide for a valuation allowance for our U.K. deferred tax assets, as it is more likely than not that they will not be realized, and we have determined that our other deferred tax assets are currently more likely than not realizable. In a future period, if we were to determine that we would not be able to realize some or all of our deferred tax assets in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance which would increase the provision for income taxes.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements At September 30, 2018 and December 31, 2017 , the Company had $68.0 million and $108.4 million , respectively, of debt outstanding under the Credit Facility which incurs interest at a variable interest rate, and therefore, the carrying amount approximates fair value. The fair value of the debt is classified as a Level 2 measurement because interest rates charged are similar to other financial instruments with similar terms and maturities. The fair value of our Senior Notes is estimated using Level 2 inputs in the fair value hierarchy and is based on quoted prices for those or similar instruments. At September 30, 2018 , the fair value and the carrying value of our Senior Notes approximated $402.0 million and $401.3 million , respectively. At December 31, 2017 , the fair value and the carrying value of our Senior Notes approximated $402.0 million and $401.6 million , respectively. There were no other outstanding financial assets as of September 30, 2018 and December 31, 2017 that required measuring the amounts at fair value. We did not change our valuation techniques associated with recurring fair value measurements from prior periods, and there were no transfers between levels of the fair value hierarchy during the nine months ended September 30, 2018 .

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Business Segments	Business Segments The Company reports its results of operations in the following three reportable segments: Drilling & Subsea, Completions and Production & Infrastructure. The amounts indicated below as “Corporate” relate to costs and assets not allocated to the reportable segments. Summary financial data by segment follows (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Revenue: Drilling & Subsea $ 54,542 $ 54,700 $ 166,797 $ 180,607 Completions 118,533 60,037 357,640 156,938 Production & Infrastructure 95,286 84,980 270,306 235,676 Eliminations (1,324 ) (1,008 ) (3,472 ) (2,301 ) Total revenue $ 267,037 $ 198,709 $ 791,271 $ 570,920 Operating income (loss) Drilling & Subsea $ (8,498 ) $ (8,872 ) $ (24,618 ) $ (23,580 ) Completions 15,425 1,614 36,866 (1,223 ) Production & Infrastructure 5,299 4,258 13,165 7,124 Corporate (8,816 ) (9,271 ) (26,239 ) (24,897 ) Segment operating income (loss) 3,410 (12,271 ) (826 ) (42,576 ) Transaction expenses 769 882 2,164 1,755 Goodwill and intangible asset impairments — 638 14,477 68,642 Loss (gain) on disposal of assets and other 205 128 (1,495 ) 1,517 Operating income (loss) $ 2,436 $ (13,919 ) $ (15,972 ) $ (114,490 ) A summary of consolidated assets by reportable segment is as follows (in thousands): September 30, December 31, Drilling & Subsea $ 619,620 $ 645,254 Completions 1,238,658 1,202,379 Production & Infrastructure 268,135 251,685 Corporate 43,095 95,910 Total assets $ 2,169,508 $ 2,195,228 Corporate assets include, among other items, cash, prepaid assets and deferred financing costs. The following table presents our revenues disaggregated by product line (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Drilling Technologies $ 43,326 $ 38,221 $ 132,489 $ 130,531 Subsea Technologies 11,216 16,479 34,308 50,076 Downhole Technologies 27,484 20,010 78,582 53,637 Stimulation and Intervention 54,849 40,027 166,341 103,301 Coiled Tubing 36,200 — 112,717 — Production Equipment 37,413 32,275 104,138 89,293 Valve Solutions 57,873 52,705 166,168 146,383 Eliminations (1,324 ) (1,008 ) (3,472 ) (2,301 ) Total revenue $ 267,037 $ 198,709 $ 791,271 $ 570,920 The following table presents our revenues disaggregated by geography (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 United States $ 208,595 $ 151,400 $ 602,625 $ 434,649 Canada 18,135 14,818 53,840 40,343 Europe & Africa 12,023 14,968 43,150 48,092 Middle East 12,360 5,084 39,318 14,771 Asia-Pacific 9,391 7,799 32,328 19,694 Latin America 6,533 4,640 20,010 13,371 Total Revenue $ 267,037 $ 198,709 $ 791,271 $ 570,920

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company is, and in the future could be, involved in various pending or threatened legal actions that may or may not be covered by insurance. Management has reviewed such pending judicial and legal proceedings and the availability and limits of insurance coverage, and has established reserves that are believed to be appropriate in light of those outcomes that are considered to be probable and can be reasonably estimated. The reserves accrued at September 30, 2018 and December 31, 2017 , respectively, are immaterial. It is management’s opinion that the Company’s ultimate liability, if any, with respect to these actions is not expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The calculation of basic and diluted earnings per share for each period presented was as follows (dollars and shares in thousands, except per share amounts): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Net income (loss) $ (3,054 ) $ (14,828 ) $ 9,663 $ (108,469 ) Basic - weighted average shares outstanding 108,856 96,275 108,666 96,103 Dilutive effect of stock options and restricted stock — — 2,135 — Diluted - weighted average shares outstanding 108,856 96,275 110,801 96,103 Earnings (loss) per share Basic $ (0.03 ) $ (0.15 ) $ 0.09 $ (1.13 ) Diluted $ (0.03 ) $ (0.15 ) $ 0.09 $ (1.13 ) The calculation of diluted earnings per share excludes approximately 3.8 million shares that were anti-dilutive for the nine months ended September 30, 2018 . The calculation of diluted loss per share excludes all potentially dilutive shares for the three months ended September 30, 2018 and the three and nine months ended September 30, 2017 because there were net losses for these periods.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Share-based compensation During the nine months ended September 30, 2018 , the Company granted 504,930 stock options, 1,220,694 shares of restricted stock and restricted stock units and 160,010 performance share awards with a market condition. The stock options granted have an exercise price of $12.00 per share and vest ratably over 4 years . The 1,220,694 shares of restricted stock and restricted stock units include 1,108,194 shares granted to employees that vest ratably over 4 years and 112,500 shares granted to non-employee members of the Board of Directors that have a vesting period of 12 months . The performance share awards granted may settle for between zero and two shares of the Company’s common stock. The number of shares issued pursuant to the performance share award agreements will be determined based on the total shareholder return of the Company’s common stock as compared to a group of peer companies, measured annually over a one year, two year and three year performance period.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company has sold and purchased equipment and services to and from certain affiliates of our directors. The dollar amounts related to these related party activities are not material to the Company’s unaudited condensed consolidated financial statements.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On October 8, 2018, we acquired 100% of the stock of Houston Global Heat Transfer LLC (“GHT”) for $52.0 million in cash consideration, subject to customary adjustments for actual working capital conveyed. In addition, the acquisition agreement contains an earn-out arrangement whereby additional cash consideration will be due to the former owners of GHT if certain conditions are met in 2019 and 2020. This acquisition will be included in the Completions segment. Based in Houston, Texas, GHT designs, engineers, and manufactures premium industrial heat exchanger and cooling systems used primarily on hydraulic fracturing equipment. GHT’s flagship product, the Jumbotron, is an innovative cube-style radiator that substantially reduces customer maintenance expense.

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed consolidating financial statements	Condensed Consolidating Financial Statements The Senior Notes are guaranteed by our domestic subsidiaries which are 100% owned, directly or indirectly, by the Company. The guarantees are full and unconditional, joint and several, and on an unsecured basis. Condensed consolidating statements of comprehensive income (loss) Three Months Ended September 30, 2018 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenue $ — $ 238,224 $ 44,552 $ (15,739 ) $ 267,037 Cost of sales — 173,795 35,063 (16,362 ) 192,496 Gross Profit — 64,429 9,489 623 74,541 Operating Expenses Selling, general and administrative expenses — 56,530 15,260 — 71,790 Goodwill and intangible assets impairment — — — — — Transaction Expenses — 491 278 — 769 Loss (gain) on disposal of assets and other — (15 ) 220 — 205 Total operating expenses — 57,006 15,758 — 72,764 Earnings from equity investment — 332 327 — 659 Equity earnings (loss) from affiliate, net of tax 3,164 (3,226 ) — 62 — Operating income (loss) 3,164 4,529 (5,942 ) 685 2,436 Other expense (income) Interest expense 7,870 40 13 — 7,923 Foreign exchange and other gains, net — (156 ) (1,169 ) — (1,325 ) Total other (income) expense, net 7,870 (116 ) (1,156 ) — 6,598 Income (loss) before income taxes (4,706 ) 4,645 (4,786 ) 685 (4,162 ) Income tax expense (benefit) (1,652 ) 1,481 (937 ) — (1,108 ) Net income (loss) (3,054 ) 3,164 (3,849 ) 685 (3,054 ) Other comprehensive income (loss), net of tax: Net income (loss) (3,054 ) 3,164 (3,849 ) 685 (3,054 ) Change in foreign currency translation, net of tax of $0 (1,536 ) (1,536 ) (1,536 ) 3,072 (1,536 ) Gain on pension liability 7 7 7 (14 ) 7 Comprehensive income (loss) $ (4,583 ) $ 1,635 $ (5,378 ) $ 3,743 $ (4,583 ) Condensed consolidating statements of comprehensive income (loss) Three Months Ended September 30, 2017 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenue $ — $ 171,031 $ 43,121 $ (15,443 ) $ 198,709 Cost of sales — 133,503 32,877 (15,230 ) 151,150 Gross Profit — 37,528 10,244 (213 ) 47,559 Operating Expenses Selling, general and administrative expenses — 51,127 12,064 — 63,191 Transaction Expenses — 882 — — 882 Goodwill and intangible asset impairments — 638 — — 638 Loss on disposal of assets and other — 91 37 — 128 Total operating expenses — 52,738 12,101 — 64,839 Earnings from equity investment — 3,361 — — 3,361 Equity loss from affiliate, net of tax (10,467 ) (3,959 ) — 14,426 — Operating loss (10,467 ) (15,808 ) (1,857 ) 14,213 (13,919 ) Other expense (income) Interest expense (income) 6,710 (188 ) (156 ) — 6,366 Foreign exchange and other losses (gains), net — (110 ) 2,470 — 2,360 Total other (income) expense, net 6,710 (298 ) 2,314 — 8,726 Loss before income taxes (17,177 ) (15,510 ) (4,171 ) 14,213 (22,645 ) Income tax benefit (2,349 ) (5,043 ) (425 ) — (7,817 ) Net loss (14,828 ) (10,467 ) (3,746 ) 14,213 (14,828 ) Other comprehensive income (loss), net of tax: Net loss (14,828 ) (10,467 ) (3,746 ) 14,213 (14,828 ) Change in foreign currency translation, net of tax of $0 11,547 11,547 11,547 (23,094 ) 11,547 Loss on pension liability (36 ) (36 ) (36 ) 72 (36 ) Comprehensive income (loss) $ (3,317 ) $ 1,044 $ 7,765 $ (8,809 ) $ (3,317 ) Condensed consolidating statements of comprehensive income (loss) Nine Months Ended September 30, 2018 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenue $ — $ 698,300 $ 136,292 $ (43,321 ) $ 791,271 Cost of sales — 510,190 110,762 (44,178 ) 576,774 Gross Profit — 188,110 25,530 857 214,497 Operating Expenses Selling, general and administrative expenses — 175,342 40,027 — 215,369 Goodwill and intangible assets impairment — — 14,477 — 14,477 Transaction Expenses — 1,879 285 — 2,164 Loss (gain) on disposal of assets and other — (2,349 ) 854 — (1,495 ) Total operating expenses — 174,872 55,643 — 230,515 Earnings (loss) from equity investment — 337 (291 ) — 46 Equity earnings from affiliate, net of tax 28,413 6,781 — (35,194 ) — Operating income (loss) 28,413 20,356 (30,404 ) (34,337 ) (15,972 ) Other expense (income) Interest expense (income) 23,734 414 (277 ) — 23,871 Foreign exchange and other gains, net — (265 ) (3,369 ) — (3,634 ) (Gain) loss on contribution of subsea rentals business — 5,856 (39,362 ) — (33,506 ) Total other (income) expense, net 23,734 6,005 (43,008 ) — (13,269 ) Income (loss) before income taxes 4,679 14,351 12,604 (34,337 ) (2,703 ) Income tax expense (benefit) (4,984 ) (14,062 ) 6,680 — (12,366 ) Net income 9,663 28,413 5,924 (34,337 ) 9,663 Other comprehensive income (loss), net of tax: Net income 9,663 28,413 5,924 (34,337 ) 9,663 Change in foreign currency translation, net of tax of $0 (13,884 ) (13,884 ) (13,884 ) 27,768 (13,884 ) Gain on pension liability 78 78 78 (156 ) 78 Comprehensive income (loss) $ (4,143 ) $ 14,607 $ (7,882 ) $ (6,725 ) $ (4,143 ) Condensed consolidating statements of comprehensive loss Nine Months Ended September 30, 2017 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenue $ — $ 486,683 $ 133,798 $ (49,561 ) $ 570,920 Cost of sales — 375,990 108,390 (49,253 ) 435,127 Gross Profit — 110,693 25,408 (308 ) 135,793 Operating Expenses Selling, general and administrative expenses — 149,030 36,730 — 185,760 Transaction Expenses — 1,644 111 — 1,755 Goodwill and intangible asset impairments — 32,881 35,761 — 68,642 Loss on disposal of assets and other — 1,433 84 — 1,517 Total operating expenses — 184,988 72,686 — 257,674 Earnings from equity investment — 7,391 — — 7,391 Equity loss from affiliate, net of tax (95,415 ) (48,535 ) — 143,950 — Operating loss (95,415 ) (115,439 ) (47,278 ) 143,642 (114,490 ) Other expense (income) Interest expense (income) 20,083 (374 ) (378 ) — 19,331 Foreign exchange and other losses (gains), net — (297 ) 6,805 — 6,508 Total other (income) expense, net 20,083 (671 ) 6,427 — 25,839 Loss before income taxes (115,498 ) (114,768 ) (53,705 ) 143,642 (140,329 ) Income tax benefit (7,029 ) (19,353 ) (5,478 ) — (31,860 ) Net loss (108,469 ) (95,415 ) (48,227 ) 143,642 (108,469 ) Other comprehensive income (loss), net of tax: Net loss (108,469 ) (95,415 ) (48,227 ) 143,642 (108,469 ) Change in foreign currency translation, net of tax of $0 34,094 34,094 34,094 (68,188 ) 34,094 Loss on pension liability (133 ) (133 ) (133 ) 266 (133 ) Comprehensive loss $ (74,508 ) $ (61,454 ) $ (14,266 ) $ 75,720 $ (74,508 ) Condensed consolidating balance sheets September 30, 2018 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Assets Current assets Cash and cash equivalents $ — $ 11,758 $ 15,182 $ — $ 26,940 Accounts receivable—trade, net — 186,235 28,484 — 214,719 Inventories, net — 439,961 71,438 (7,947 ) 503,452 Prepaid expenses and other current assets — 21,111 6,804 — 27,915 Accrued revenue — 631 1,138 — 1,769 Costs and estimated profits in excess of billings — 8,589 1,896 — 10,485 Total current assets — 668,285 124,942 (7,947 ) 785,280 Property and equipment, net of accumulated depreciation — 158,496 21,264 — 179,760 Deferred financing costs, net 2,278 — — — 2,278 Intangible assets — 358,033 32,456 — 390,489 Goodwill — 601,298 151,063 — 752,361 Investment in unconsolidated subsidiary — 2,416 38,935 — 41,351 Deferred income taxes, net — 4,973 3,344 — 8,317 Other long-term assets — 4,416 5,256 — 9,672 Investment in affiliates 1,264,192 387,847 — (1,652,039 ) — Long-term advances to affiliates 633,096 — 92,275 (725,371 ) — Total assets $ 1,899,566 $ 2,185,764 $ 469,535 $ (2,385,357 ) $ 2,169,508 Liabilities and equity Current liabilities Current portion of long-term debt $ — $ 924 $ 24 $ — $ 948 Accounts payable—trade — 123,061 19,479 — 142,540 Accrued liabilities 12,933 38,825 18,088 — 69,846 Deferred revenue — 5,042 2,684 — 7,726 Billings in excess of costs and profits recognized — 206 4,954 — 5,160 Total current liabilities 12,933 168,058 45,229 — 226,220 Long-term debt, net of current portion 465,882 69 18 — 465,969 Deferred income taxes, net — 13,978 7,821 — 21,799 Other long-term liabilities — 14,096 20,673 — 34,769 Long-term payables to affiliates — 725,371 — (725,371 ) — Total liabilities 478,815 921,572 73,741 (725,371 ) 748,757 Total equity 1,420,751 1,264,192 395,794 (1,659,986 ) 1,420,751 Total liabilities and equity $ 1,899,566 $ 2,185,764 $ 469,535 $ (2,385,357 ) $ 2,169,508 Condensed consolidating balance sheets December 31, 2017 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Assets Current assets Cash and cash equivalents $ — $ 73,981 $ 41,235 $ — $ 115,216 Accounts receivable—trade, net — 168,162 34,752 — 202,914 Inventories, net — 374,527 77,454 (8,804 ) 443,177 Prepaid expenses and other current assets — 12,679 6,811 — 19,490 Costs and estimated profits in excess of billings — 9,584 — — 9,584 Total current assets — 638,933 160,252 (8,804 ) 790,381 Property and equipment, net of accumulated depreciation — 167,407 29,874 — 197,281 Deferred financing costs, net 2,900 — — — 2,900 Intangible assets — 390,752 52,312 — 443,064 Goodwill — 599,677 155,568 — 755,245 Deferred income taxes, net — — 3,344 — 3,344 Other long-term assets — 2,086 927 — 3,013 Investment in affiliates 1,250,593 418,799 — (1,669,392 ) — Long-term advances to affiliates 667,968 — 90,524 (758,492 ) — Total assets $ 1,921,461 $ 2,217,654 $ 492,801 $ (2,436,688 ) $ 2,195,228 Liabilities and equity Current liabilities Current portion of long-term debt $ — $ 1,048 $ 108 $ — $ 1,156 Accounts payable—trade — 117,158 20,526 — 137,684 Accrued liabilities 6,638 46,962 13,165 — 66,765 Deferred revenue — 4,455 4,364 — 8,819 Billings in excess of costs and profits recognized — 1,394 487 — 1,881 Total current liabilities 6,638 171,017 38,650 — 216,305 Long-term debt, net of current portion 505,807 908 35 — 506,750 Deferred income taxes, net — 22,737 8,495 — 31,232 Other long-term liabilities — 13,907 18,018 — 31,925 Long-term payables to affiliates — 758,492 — (758,492 ) — Total liabilities 512,445 967,061 65,198 (758,492 ) 786,212 Total equity 1,409,016 1,250,593 427,603 (1,678,196 ) 1,409,016 Total liabilities and equity $ 1,921,461 $ 2,217,654 $ 492,801 $ (2,436,688 ) $ 2,195,228 Condensed consolidating statements of cash flows Nine Months Ended September 30, 2018 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Cash flows from operating activities $ 7,613 $ (9,720 ) $ 1,711 $ (23,950 ) $ (24,346 ) Cash flows from investing activities Capital expenditures for property and equipment — (16,698 ) (3,158 ) — (19,856 ) Acquisition of businesses, net of cash acquired — (8,000 ) — — (8,000 ) Proceeds from sale of business, property and equipment — 5,128 4,066 — 9,194 Long-term loans and advances to affiliates 35,539 3,569 — (39,108 ) — Net cash provided by (used in) investing activities $ 35,539 $ (16,001 ) $ 908 $ (39,108 ) $ (18,662 ) Cash flows from financing activities Borrowings of debt 100,000 — — — 100,000 Repayments of debt (140,803 ) (963 ) (100 ) — (141,866 ) Repurchases of stock (2,499 ) — — — (2,499 ) Proceeds from stock issuance 150 — — — 150 Long-term loans and advances to affiliates — (35,539 ) (3,569 ) 39,108 — Dividend paid to affiliates — — (23,950 ) 23,950 — Net cash used in financing activities $ (43,152 ) $ (36,502 ) $ (27,619 ) $ 63,058 $ (44,215 ) Effect of exchange rate changes on cash — — (1,053 ) — (1,053 ) Net decrease in cash, cash equivalents and restricted cash — (62,223 ) (26,053 ) — (88,276 ) Cash, cash equivalents and restricted cash at beginning of period — 73,981 41,235 — 115,216 Cash, cash equivalents and restricted cash at end of period $ — $ 11,758 $ 15,182 $ — $ 26,940 Condensed consolidating statements of cash flows Nine Months Ended September 30, 2017 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Cash flows from operating activities $ (7,671 ) $ 2,262 $ (11,674 ) $ — $ (17,083 ) Cash flows from investing activities Capital expenditures for property and equipment — (14,625 ) (5,031 ) — (19,656 ) Acquisition of businesses, net of cash acquired — (42,204 ) (5,686 ) — (47,890 ) Investment in unconsolidated subsidiary — (1,041 ) — — (1,041 ) Proceeds from sale of business, property and equipment — 1,849 — — 1,849 Long-term loans and advances to affiliates 9,790 7,902 — (17,692 ) — Net cash provided by (used in) investing activities $ 9,790 $ (48,119 ) $ (10,717 ) $ (17,692 ) $ (66,738 ) Cash flows from financing activities Repayments of debt — (1,076 ) (64 ) — (1,140 ) Repurchases of stock (4,667 ) — — — (4,667 ) Proceeds from stock issuance 2,896 — — — 2,896 Long-term loans and advances to affiliates — (9,790 ) (7,902 ) 17,692 — Net cash used in financing activities $ (1,771 ) $ (10,866 ) $ (7,966 ) $ 17,692 $ (2,911 ) Effect of exchange rate changes on cash — — 8,702 — 8,702 Net increase (decrease) in cash, cash equivalents and restricted cash 348 (56,723 ) (21,655 ) — (78,030 ) Cash, cash equivalents and restricted cash at beginning of period 65 143,275 91,082 — 234,422 Cash, cash equivalents and restricted cash at end of period $ 413 $ 86,552 $ 69,427 $ — $ 156,392

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”), which we adopt 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 our consolidated financial statements upon adoption. Accounting Standards Adopted in 2018 Revenue Recognition. In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (“Topic 606”). Topic 606 supersedes existing revenue recognition guidance and requires revenue to be recognized when promised goods or services are transferred to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. We adopted Topic 606 as of January 1, 2018 using the modified retrospective transition method applied to contracts that were not completed as of that date. As such, the comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The adoption of Topic 606 did not have a material impact on the timing or amounts of revenue recognized in our unaudited condensed consolidated financial statements. We did not recognize any cumulative-effect adjustment to retained earnings upon adoption as the impact was immaterial. Refer to Note 3 Revenues for additional information related to our revenue recognition policies and incremental disclosures following the adoption of Topic 606. Modification Accounting for Stock Compensation. In May 2017, the FASB issued ASU No. 2017-09 Compensation - Stock Compensation (Topic 718) - Scope of Modification Accounting, which clarifies when to account for a change to the terms or conditions of a share based payment award as a modification. Under the new ASU, an entity should apply modification accounting unless the fair value, the vesting conditions, and the classification as equity or liability of the modified award all remain the same as the original award. We applied the update prospectively beginning January 1, 2018. The adoption of this new guidance had no material impact on our unaudited condensed consolidated financial statements. Clarifying the Definition of a Business. In January 2017, the FASB issued ASU No. 2017-01 Business Combinations (Topic 805) - Clarifying the Definition of a Business, in an effort to clarify the definition of a business, with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. We applied the update prospectively beginning January 1, 2018. The adoption of this new guidance had no material impact on our unaudited condensed consolidated financial statements. Deferred Taxes on Intra-Entity Asset Transfers. In October 2016, the FASB issued ASU No. 2016-16 Income Tax (Topic 740) - Intra-Entity Transfers of Assets Other Than Inventory. Previous GAAP prohibited the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset was sold to an outside party. This new guidance eliminated this exception and requires the income tax consequences of an intra-entity transfer of an asset other than inventory to be recognized when the transfer occurs. As required, we applied this update on a modified retrospective basis resulting in a $1.0 million direct cumulative-effect adjustment to retained earnings as of January 1, 2018. Statement of Cash Flows. In August 2016, the FASB issued ASU No. 2016-15 Cash Flow Statement (Topic 230) - Classification of Certain Cash Receipts and Cash Payments. This new guidance addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice, including: debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments or other debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies, distributions received from equity method investees, beneficial interests in securitization transactions, and separately identifiable cash flows and application of the predominance principle. We adopted this new guidance in the first quarter of 2018. The only issue currently relevant to the Company is distributions received from equity method investees, where the new guidance allows an accounting policy election between the cumulative earnings approach and the nature of the distribution approach. We will continue to use the cumulative earnings approach. Therefore, the adoption of this guidance did not have a material impact on our unaudited condensed consolidated financial statements. Restricted Cash Presentation. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230) - Restricted Cash, a consensus of the FASB Emerging Issues Task Force. This new guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. We applied the update prospectively beginning January 1, 2018. The adoption of this new guidance did not have a material impact on our unaudited condensed consolidated financial statements. Accounting Standards Issued But Not Yet Adopted Accounting for Implementation Costs Related to a Cloud Computing Arrangement . In August 2018, the FASB issued ASU No. 2018-15 Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract. This new guidance aligns the requirements for capitalizing implementation costs incurred by an entity related to a cloud computing arrangement with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. Accordingly, this guidance requires an entity to capitalize certain implementation costs incurred and then amortize them over the term of the cloud hosting arrangement. Furthermore, this guidance also requires an entity to present the expense, cash flows, and capitalized implementation costs in the same financial statement line items as the associated hosting service. This new guidance will take effect for public companies with fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and early adoption is permitted. The amendments in this update should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently evaluating the impact of adopting this guidance. Fair Value Measurement Disclosure . In August 2018, the FASB issued ASU No. 2018-13 Fair Value Measurement (topic 820) - Disclosure Framework - Changes to the Disclosure Requirement for Fair Value Measurement. This new guidance eliminated, modified and added certain disclosure requirements related to fair value measurements. The amended disclosure requirements are effective for all entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. We are evaluating the impact of adopting this guidance. However, we currently expect that the adoption of this guidance will not have a material impact on our unaudited condensed consolidated financial statements. Stranded Tax Effects from the Tax Cuts and Jobs Act. In February 2018, the FASB issued ASU No. 2018-02 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. U.S. GAAP requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates, with the effect included in income from continuing operations in the reporting period that includes the enactment date, even in situations in which the related income tax effects of items in accumulated other comprehensive income were originally recognized in other comprehensive income (referred to as “stranded tax effects”). The amendments in this ASU allow a specific exception for reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. In addition, the amendments in this update also require certain disclosures about stranded tax effects. The standard will take effect for public companies with fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We are currently evaluating the impact of the adoption of this guidance. Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases. Under this new guidance, lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases (financing and operating) with terms greater than twelve months. The classification as either a financing or operating lease will determine whether lease expense is recognized on an effective interest method basis or on a straight-line basis over the term of the lease, respectively. We are continuing to evaluate the impact of the pending adoption of the new guidance and have put in place an implementation team responsible for: • reviewing existing lease contracts and identifying the relevant accounting impacts of the new standard; • providing internal training and awareness related to the new lease standard to key stakeholders throughout our organization; • implementing new processes and controls in anticipation of adopting the new guidance; and • inputting lease information into a new cloud based lease software management system. This guidance is effective for us in the first quarter of 2019 and we plan to adopt this new standard using the modified retrospective transition method. Based on our current lease portfolio, we anticipate the new guidance will require us to reflect additional assets and liabilities on our consolidated balance sheet; however, we have not yet finalized our estimation of such amount, and we are still evaluating the overall impact of the new guidance on our consolidated financial statements and related disclosures.

Revenues Revenues (Tables)

Revenues Revenues (Tables)	9 Months Ended
	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Schedule of Impacts of Adopting Topic 606	The following table summarizes the impacts of adopting Topic 606 on our consolidated financial statements as of January 1, 2018: As Reported Adjustments due to As Adjusted (in thousands, unaudited) Dec. 31, 2017 ASC 606 Jan. 1, 2018 Accounts receivable—trade, net $ 202,914 $ (3,235 ) $ 199,679 Accrued revenue — 3,235 3,235 The following table shows the change in balance sheet presentation as of September 30, 2018: September 30, 2018 (in thousands, unaudited) As Reported Amount Without Adoption of ASC 606 Effect of Change Balance Sheet Accounts receivable—trade, net $ 214,719 $ 216,488 $ (1,769 ) Accrued revenue 1,769 — 1,769
Schedule of Changes in Contract Assets and Contract Liabilities	The following table reflects the changes in our contract assets and contract liabilities balances for the nine months ended September 30, 2018 : September 30, 2018 January 1, 2018 Increase / (Decrease) $ % Accrued revenue $ 1,769 $ 3,235 Costs and estimated profits in excess of billings 10,485 9,584 Contract assets $ 12,254 $ 12,819 $ (565 ) (4 )% Deferred revenue $ 7,726 $ 8,819 Billings in excess of costs and profits recognized 5,160 1,881 Contract liabilities $ 12,886 $ 10,700 $ 2,186 20 %

Acquisitions & Dispositions (Ta

Acquisitions & Dispositions (Tables)	9 Months Ended
	Sep. 30, 2018
Business Combinations [Abstract]
Schedule of Business Acquisitions	The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of the acquisition (in thousands): Accounts receivable $ 28,044 Inventory 40,005 Other current assets 3,141 Property and equipment 51,585 Intangible assets (primarily developed technologies and customer relationships) 228,190 Tax-deductible goodwill 69,423 Non-tax deductible goodwill 64,491 Current liabilities (16,005 ) Long term liabilities (54 ) Total net assets 468,820 Fair value of equity method investment previously held (178,500 ) Net assets acquired $ 290,320 The following table summarizes the consideration transferred to acquire the remaining ownership interests of Global Tubing (in thousands other than stock price and shares issued): Purchase Consideration Forum Energy Technologies' closing stock price on October 2, 2017 $ 15.10 Multiplied by number of shares issued for acquisition 11,488,208 Value of common shares $ 173,472 Cash 31,764 Repayment of Global Tubing debt at acquisition 85,084 Total consideration paid for the acquisition $ 290,320 The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of the acquisition (in thousands): Current assets, net of cash acquired $ 3,763 Property and equipment 96 Intangible assets (primarily customer relationships) 17,090 Tax-deductible goodwill 16,472 Non-tax deductible goodwill 3,099 Current liabilities (1,329 ) Net assets acquired $ 39,191

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory	Our significant components of inventory at September 30, 2018 and December 31, 2017 were as follows (in thousands): September 30, December 31, Raw materials and parts $ 203,774 $ 160,093 Work in process 42,108 51,941 Finished goods 308,508 305,461 Gross inventories 554,390 517,495 Inventory reserve (50,938 ) (74,318 ) Inventories $ 503,452 $ 443,177

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill from December 31, 2017 to September 30, 2018 , were as follows (in thousands): Drilling & Subsea Completions Production & Infrastructure Total Goodwill Balance at December 31, 2017 $ 251,454 $ 484,345 $ 19,446 $ 755,245 Acquisition — 1,478 — 1,478 Impact of non-U.S. local currency translation (3,334 ) (960 ) (68 ) (4,362 ) Goodwill Balance at September 30, 2018 $ 248,120 $ 484,863 $ 19,378 $ 752,361
Summary of Intangible Assets	Intangible assets consisted of the following as of September 30, 2018 and December 31, 2017 , respectively (in thousands): September 30, 2018 Gross Carrying Amount Accumulated Amortization Net Amortizable Intangibles Amortization Period (In Years) Customer relationships $ 388,367 $ (138,722 ) $ 249,645 4-15 Patents and technology 109,520 (21,077 ) 88,443 5-17 Non-compete agreements 5,944 (5,614 ) 330 3-6 Trade names 62,561 (25,344 ) 37,217 10-15 Distributor relationships 22,160 (17,286 ) 4,874 8-15 Trademarks 10,319 (339 ) 9,980 15 - Indefinite Intangible Assets Total $ 598,871 $ (208,382 ) $ 390,489 December 31, 2017 Gross Carrying Amount Accumulated Amortization Net Amortizable Intangibles Amortization Period (In Years) Customer relationships $ 428,544 $ (138,566 ) $ 289,978 4-15 Patents and technology 110,910 (16,733 ) 94,177 5-17 Non-compete agreements 6,625 (6,041 ) 584 3-6 Trade names 64,359 (22,090 ) 42,269 10-15 Distributor relationships 22,160 (16,338 ) 5,822 8-15 Trademarks 10,319 (85 ) 10,234 15 - Indefinite Intangible Assets Total $ 642,917 $ (199,853 ) $ 443,064

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Debt	Notes payable and lines of credit as of September 30, 2018 and December 31, 2017 consisted of the following (in thousands): September 30, December 31, 6.25% Senior Notes due October 2021 $ 400,000 $ 400,000 Unamortized debt premium 1,278 1,583 Debt issuance cost (3,396 ) (4,222 ) Senior secured revolving credit facility 68,000 108,446 Other debt 1,035 2,099 Total debt 466,917 507,906 Less: current maturities (948 ) (1,156 ) Long-term debt $ 465,969 $ 506,750

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Summary financial data by segment follows (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Revenue: Drilling & Subsea $ 54,542 $ 54,700 $ 166,797 $ 180,607 Completions 118,533 60,037 357,640 156,938 Production & Infrastructure 95,286 84,980 270,306 235,676 Eliminations (1,324 ) (1,008 ) (3,472 ) (2,301 ) Total revenue $ 267,037 $ 198,709 $ 791,271 $ 570,920 Operating income (loss) Drilling & Subsea $ (8,498 ) $ (8,872 ) $ (24,618 ) $ (23,580 ) Completions 15,425 1,614 36,866 (1,223 ) Production & Infrastructure 5,299 4,258 13,165 7,124 Corporate (8,816 ) (9,271 ) (26,239 ) (24,897 ) Segment operating income (loss) 3,410 (12,271 ) (826 ) (42,576 ) Transaction expenses 769 882 2,164 1,755 Goodwill and intangible asset impairments — 638 14,477 68,642 Loss (gain) on disposal of assets and other 205 128 (1,495 ) 1,517 Operating income (loss) $ 2,436 $ (13,919 ) $ (15,972 ) $ (114,490 ) A summary of consolidated assets by reportable segment is as follows (in thousands): September 30, December 31, Drilling & Subsea $ 619,620 $ 645,254 Completions 1,238,658 1,202,379 Production & Infrastructure 268,135 251,685 Corporate 43,095 95,910 Total assets $ 2,169,508 $ 2,195,228
Schedule of Disaggregation of Revenue	The following table presents our revenues disaggregated by product line (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Drilling Technologies $ 43,326 $ 38,221 $ 132,489 $ 130,531 Subsea Technologies 11,216 16,479 34,308 50,076 Downhole Technologies 27,484 20,010 78,582 53,637 Stimulation and Intervention 54,849 40,027 166,341 103,301 Coiled Tubing 36,200 — 112,717 — Production Equipment 37,413 32,275 104,138 89,293 Valve Solutions 57,873 52,705 166,168 146,383 Eliminations (1,324 ) (1,008 ) (3,472 ) (2,301 ) Total revenue $ 267,037 $ 198,709 $ 791,271 $ 570,920
Schedule of Revenue by Geography	The following table presents our revenues disaggregated by geography (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 United States $ 208,595 $ 151,400 $ 602,625 $ 434,649 Canada 18,135 14,818 53,840 40,343 Europe & Africa 12,023 14,968 43,150 48,092 Middle East 12,360 5,084 39,318 14,771 Asia-Pacific 9,391 7,799 32,328 19,694 Latin America 6,533 4,640 20,010 13,371 Total Revenue $ 267,037 $ 198,709 $ 791,271 $ 570,920

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The calculation of basic and diluted earnings per share for each period presented was as follows (dollars and shares in thousands, except per share amounts): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Net income (loss) $ (3,054 ) $ (14,828 ) $ 9,663 $ (108,469 ) Basic - weighted average shares outstanding 108,856 96,275 108,666 96,103 Dilutive effect of stock options and restricted stock — — 2,135 — Diluted - weighted average shares outstanding 108,856 96,275 110,801 96,103 Earnings (loss) per share Basic $ (0.03 ) $ (0.15 ) $ 0.09 $ (1.13 ) Diluted $ (0.03 ) $ (0.15 ) $ 0.09 $ (1.13 )

Condensed Consolidating Finan_2

Condensed Consolidating Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed consolidating statements of income and comprehensive income (loss)	Condensed consolidating statements of comprehensive income (loss) Three Months Ended September 30, 2018 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenue $ — $ 238,224 $ 44,552 $ (15,739 ) $ 267,037 Cost of sales — 173,795 35,063 (16,362 ) 192,496 Gross Profit — 64,429 9,489 623 74,541 Operating Expenses Selling, general and administrative expenses — 56,530 15,260 — 71,790 Goodwill and intangible assets impairment — — — — — Transaction Expenses — 491 278 — 769 Loss (gain) on disposal of assets and other — (15 ) 220 — 205 Total operating expenses — 57,006 15,758 — 72,764 Earnings from equity investment — 332 327 — 659 Equity earnings (loss) from affiliate, net of tax 3,164 (3,226 ) — 62 — Operating income (loss) 3,164 4,529 (5,942 ) 685 2,436 Other expense (income) Interest expense 7,870 40 13 — 7,923 Foreign exchange and other gains, net — (156 ) (1,169 ) — (1,325 ) Total other (income) expense, net 7,870 (116 ) (1,156 ) — 6,598 Income (loss) before income taxes (4,706 ) 4,645 (4,786 ) 685 (4,162 ) Income tax expense (benefit) (1,652 ) 1,481 (937 ) — (1,108 ) Net income (loss) (3,054 ) 3,164 (3,849 ) 685 (3,054 ) Other comprehensive income (loss), net of tax: Net income (loss) (3,054 ) 3,164 (3,849 ) 685 (3,054 ) Change in foreign currency translation, net of tax of $0 (1,536 ) (1,536 ) (1,536 ) 3,072 (1,536 ) Gain on pension liability 7 7 7 (14 ) 7 Comprehensive income (loss) $ (4,583 ) $ 1,635 $ (5,378 ) $ 3,743 $ (4,583 ) Condensed consolidating statements of comprehensive income (loss) Three Months Ended September 30, 2017 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenue $ — $ 171,031 $ 43,121 $ (15,443 ) $ 198,709 Cost of sales — 133,503 32,877 (15,230 ) 151,150 Gross Profit — 37,528 10,244 (213 ) 47,559 Operating Expenses Selling, general and administrative expenses — 51,127 12,064 — 63,191 Transaction Expenses — 882 — — 882 Goodwill and intangible asset impairments — 638 — — 638 Loss on disposal of assets and other — 91 37 — 128 Total operating expenses — 52,738 12,101 — 64,839 Earnings from equity investment — 3,361 — — 3,361 Equity loss from affiliate, net of tax (10,467 ) (3,959 ) — 14,426 — Operating loss (10,467 ) (15,808 ) (1,857 ) 14,213 (13,919 ) Other expense (income) Interest expense (income) 6,710 (188 ) (156 ) — 6,366 Foreign exchange and other losses (gains), net — (110 ) 2,470 — 2,360 Total other (income) expense, net 6,710 (298 ) 2,314 — 8,726 Loss before income taxes (17,177 ) (15,510 ) (4,171 ) 14,213 (22,645 ) Income tax benefit (2,349 ) (5,043 ) (425 ) — (7,817 ) Net loss (14,828 ) (10,467 ) (3,746 ) 14,213 (14,828 ) Other comprehensive income (loss), net of tax: Net loss (14,828 ) (10,467 ) (3,746 ) 14,213 (14,828 ) Change in foreign currency translation, net of tax of $0 11,547 11,547 11,547 (23,094 ) 11,547 Loss on pension liability (36 ) (36 ) (36 ) 72 (36 ) Comprehensive income (loss) $ (3,317 ) $ 1,044 $ 7,765 $ (8,809 ) $ (3,317 ) Condensed consolidating statements of comprehensive income (loss) Nine Months Ended September 30, 2018 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenue $ — $ 698,300 $ 136,292 $ (43,321 ) $ 791,271 Cost of sales — 510,190 110,762 (44,178 ) 576,774 Gross Profit — 188,110 25,530 857 214,497 Operating Expenses Selling, general and administrative expenses — 175,342 40,027 — 215,369 Goodwill and intangible assets impairment — — 14,477 — 14,477 Transaction Expenses — 1,879 285 — 2,164 Loss (gain) on disposal of assets and other — (2,349 ) 854 — (1,495 ) Total operating expenses — 174,872 55,643 — 230,515 Earnings (loss) from equity investment — 337 (291 ) — 46 Equity earnings from affiliate, net of tax 28,413 6,781 — (35,194 ) — Operating income (loss) 28,413 20,356 (30,404 ) (34,337 ) (15,972 ) Other expense (income) Interest expense (income) 23,734 414 (277 ) — 23,871 Foreign exchange and other gains, net — (265 ) (3,369 ) — (3,634 ) (Gain) loss on contribution of subsea rentals business — 5,856 (39,362 ) — (33,506 ) Total other (income) expense, net 23,734 6,005 (43,008 ) — (13,269 ) Income (loss) before income taxes 4,679 14,351 12,604 (34,337 ) (2,703 ) Income tax expense (benefit) (4,984 ) (14,062 ) 6,680 — (12,366 ) Net income 9,663 28,413 5,924 (34,337 ) 9,663 Other comprehensive income (loss), net of tax: Net income 9,663 28,413 5,924 (34,337 ) 9,663 Change in foreign currency translation, net of tax of $0 (13,884 ) (13,884 ) (13,884 ) 27,768 (13,884 ) Gain on pension liability 78 78 78 (156 ) 78 Comprehensive income (loss) $ (4,143 ) $ 14,607 $ (7,882 ) $ (6,725 ) $ (4,143 ) Condensed consolidating statements of comprehensive loss Nine Months Ended September 30, 2017 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Revenue $ — $ 486,683 $ 133,798 $ (49,561 ) $ 570,920 Cost of sales — 375,990 108,390 (49,253 ) 435,127 Gross Profit — 110,693 25,408 (308 ) 135,793 Operating Expenses Selling, general and administrative expenses — 149,030 36,730 — 185,760 Transaction Expenses — 1,644 111 — 1,755 Goodwill and intangible asset impairments — 32,881 35,761 — 68,642 Loss on disposal of assets and other — 1,433 84 — 1,517 Total operating expenses — 184,988 72,686 — 257,674 Earnings from equity investment — 7,391 — — 7,391 Equity loss from affiliate, net of tax (95,415 ) (48,535 ) — 143,950 — Operating loss (95,415 ) (115,439 ) (47,278 ) 143,642 (114,490 ) Other expense (income) Interest expense (income) 20,083 (374 ) (378 ) — 19,331 Foreign exchange and other losses (gains), net — (297 ) 6,805 — 6,508 Total other (income) expense, net 20,083 (671 ) 6,427 — 25,839 Loss before income taxes (115,498 ) (114,768 ) (53,705 ) 143,642 (140,329 ) Income tax benefit (7,029 ) (19,353 ) (5,478 ) — (31,860 ) Net loss (108,469 ) (95,415 ) (48,227 ) 143,642 (108,469 ) Other comprehensive income (loss), net of tax: Net loss (108,469 ) (95,415 ) (48,227 ) 143,642 (108,469 ) Change in foreign currency translation, net of tax of $0 34,094 34,094 34,094 (68,188 ) 34,094 Loss on pension liability (133 ) (133 ) (133 ) 266 (133 ) Comprehensive loss $ (74,508 ) $ (61,454 ) $ (14,266 ) $ 75,720 $ (74,508 )
Condensed consolidating balance sheets	Condensed consolidating balance sheets September 30, 2018 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Assets Current assets Cash and cash equivalents $ — $ 11,758 $ 15,182 $ — $ 26,940 Accounts receivable—trade, net — 186,235 28,484 — 214,719 Inventories, net — 439,961 71,438 (7,947 ) 503,452 Prepaid expenses and other current assets — 21,111 6,804 — 27,915 Accrued revenue — 631 1,138 — 1,769 Costs and estimated profits in excess of billings — 8,589 1,896 — 10,485 Total current assets — 668,285 124,942 (7,947 ) 785,280 Property and equipment, net of accumulated depreciation — 158,496 21,264 — 179,760 Deferred financing costs, net 2,278 — — — 2,278 Intangible assets — 358,033 32,456 — 390,489 Goodwill — 601,298 151,063 — 752,361 Investment in unconsolidated subsidiary — 2,416 38,935 — 41,351 Deferred income taxes, net — 4,973 3,344 — 8,317 Other long-term assets — 4,416 5,256 — 9,672 Investment in affiliates 1,264,192 387,847 — (1,652,039 ) — Long-term advances to affiliates 633,096 — 92,275 (725,371 ) — Total assets $ 1,899,566 $ 2,185,764 $ 469,535 $ (2,385,357 ) $ 2,169,508 Liabilities and equity Current liabilities Current portion of long-term debt $ — $ 924 $ 24 $ — $ 948 Accounts payable—trade — 123,061 19,479 — 142,540 Accrued liabilities 12,933 38,825 18,088 — 69,846 Deferred revenue — 5,042 2,684 — 7,726 Billings in excess of costs and profits recognized — 206 4,954 — 5,160 Total current liabilities 12,933 168,058 45,229 — 226,220 Long-term debt, net of current portion 465,882 69 18 — 465,969 Deferred income taxes, net — 13,978 7,821 — 21,799 Other long-term liabilities — 14,096 20,673 — 34,769 Long-term payables to affiliates — 725,371 — (725,371 ) — Total liabilities 478,815 921,572 73,741 (725,371 ) 748,757 Total equity 1,420,751 1,264,192 395,794 (1,659,986 ) 1,420,751 Total liabilities and equity $ 1,899,566 $ 2,185,764 $ 469,535 $ (2,385,357 ) $ 2,169,508 Condensed consolidating balance sheets December 31, 2017 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Assets Current assets Cash and cash equivalents $ — $ 73,981 $ 41,235 $ — $ 115,216 Accounts receivable—trade, net — 168,162 34,752 — 202,914 Inventories, net — 374,527 77,454 (8,804 ) 443,177 Prepaid expenses and other current assets — 12,679 6,811 — 19,490 Costs and estimated profits in excess of billings — 9,584 — — 9,584 Total current assets — 638,933 160,252 (8,804 ) 790,381 Property and equipment, net of accumulated depreciation — 167,407 29,874 — 197,281 Deferred financing costs, net 2,900 — — — 2,900 Intangible assets — 390,752 52,312 — 443,064 Goodwill — 599,677 155,568 — 755,245 Deferred income taxes, net — — 3,344 — 3,344 Other long-term assets — 2,086 927 — 3,013 Investment in affiliates 1,250,593 418,799 — (1,669,392 ) — Long-term advances to affiliates 667,968 — 90,524 (758,492 ) — Total assets $ 1,921,461 $ 2,217,654 $ 492,801 $ (2,436,688 ) $ 2,195,228 Liabilities and equity Current liabilities Current portion of long-term debt $ — $ 1,048 $ 108 $ — $ 1,156 Accounts payable—trade — 117,158 20,526 — 137,684 Accrued liabilities 6,638 46,962 13,165 — 66,765 Deferred revenue — 4,455 4,364 — 8,819 Billings in excess of costs and profits recognized — 1,394 487 — 1,881 Total current liabilities 6,638 171,017 38,650 — 216,305 Long-term debt, net of current portion 505,807 908 35 — 506,750 Deferred income taxes, net — 22,737 8,495 — 31,232 Other long-term liabilities — 13,907 18,018 — 31,925 Long-term payables to affiliates — 758,492 — (758,492 ) — Total liabilities 512,445 967,061 65,198 (758,492 ) 786,212 Total equity 1,409,016 1,250,593 427,603 (1,678,196 ) 1,409,016 Total liabilities and equity $ 1,921,461 $ 2,217,654 $ 492,801 $ (2,436,688 ) $ 2,195,228
Condensed consolidating statements of cash flows	Condensed consolidating statements of cash flows Nine Months Ended September 30, 2018 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Cash flows from operating activities $ 7,613 $ (9,720 ) $ 1,711 $ (23,950 ) $ (24,346 ) Cash flows from investing activities Capital expenditures for property and equipment — (16,698 ) (3,158 ) — (19,856 ) Acquisition of businesses, net of cash acquired — (8,000 ) — — (8,000 ) Proceeds from sale of business, property and equipment — 5,128 4,066 — 9,194 Long-term loans and advances to affiliates 35,539 3,569 — (39,108 ) — Net cash provided by (used in) investing activities $ 35,539 $ (16,001 ) $ 908 $ (39,108 ) $ (18,662 ) Cash flows from financing activities Borrowings of debt 100,000 — — — 100,000 Repayments of debt (140,803 ) (963 ) (100 ) — (141,866 ) Repurchases of stock (2,499 ) — — — (2,499 ) Proceeds from stock issuance 150 — — — 150 Long-term loans and advances to affiliates — (35,539 ) (3,569 ) 39,108 — Dividend paid to affiliates — — (23,950 ) 23,950 — Net cash used in financing activities $ (43,152 ) $ (36,502 ) $ (27,619 ) $ 63,058 $ (44,215 ) Effect of exchange rate changes on cash — — (1,053 ) — (1,053 ) Net decrease in cash, cash equivalents and restricted cash — (62,223 ) (26,053 ) — (88,276 ) Cash, cash equivalents and restricted cash at beginning of period — 73,981 41,235 — 115,216 Cash, cash equivalents and restricted cash at end of period $ — $ 11,758 $ 15,182 $ — $ 26,940 Condensed consolidating statements of cash flows Nine Months Ended September 30, 2017 FET (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated (in thousands) Cash flows from operating activities $ (7,671 ) $ 2,262 $ (11,674 ) $ — $ (17,083 ) Cash flows from investing activities Capital expenditures for property and equipment — (14,625 ) (5,031 ) — (19,656 ) Acquisition of businesses, net of cash acquired — (42,204 ) (5,686 ) — (47,890 ) Investment in unconsolidated subsidiary — (1,041 ) — — (1,041 ) Proceeds from sale of business, property and equipment — 1,849 — — 1,849 Long-term loans and advances to affiliates 9,790 7,902 — (17,692 ) — Net cash provided by (used in) investing activities $ 9,790 $ (48,119 ) $ (10,717 ) $ (17,692 ) $ (66,738 ) Cash flows from financing activities Repayments of debt — (1,076 ) (64 ) — (1,140 ) Repurchases of stock (4,667 ) — — — (4,667 ) Proceeds from stock issuance 2,896 — — — 2,896 Long-term loans and advances to affiliates — (9,790 ) (7,902 ) 17,692 — Net cash used in financing activities $ (1,771 ) $ (10,866 ) $ (7,966 ) $ 17,692 $ (2,911 ) Effect of exchange rate changes on cash — — 8,702 — 8,702 Net increase (decrease) in cash, cash equivalents and restricted cash 348 (56,723 ) (21,655 ) — (78,030 ) Cash, cash equivalents and restricted cash at beginning of period 65 143,275 91,082 — 234,422 Cash, cash equivalents and restricted cash at end of period $ 413 $ 86,552 $ 69,427 $ — $ 156,392

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Details) $ in Millions	Jan. 01, 2018USD ($)
Retained Earnings | Accounting Standards Update 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment to retained earnings	$ 1

Revenues - Schedule of Impacts

Revenues - Schedule of Impacts of Adopting Topic 606 (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Balance Sheet
Accounts receivable—trade, net	$ 214,719	$ 199,679	$ 202,914
Accrued revenue	1,769	3,235	0
Calculated under Revenue Guidance in Effect before Topic 606
Balance Sheet
Accounts receivable—trade, net	216,488		202,914
Accrued revenue	0		$ 0
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Balance Sheet
Accounts receivable—trade, net	(1,769)	(3,235)
Accrued revenue	$ 1,769	$ 3,235

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Percent of revenue from goods and services transferred at point in time	98.00%	97.00%
Percent of revenue from goods and services transferred over time	2.00%	3.00%
Increase (decrease) in contract with customer assets		$ (565)
Increase (decrease) in contract with customer liabilities		2,186
Revenue recognized		$ 7,500

Revenues - Schedule of Changes

Revenues - Schedule of Changes in Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Contract with Customer, Asset, Net [Abstract]
Accrued revenue	$ 1,769	$ 3,235	$ 0
Costs and estimated profits in excess of billings	10,485	9,584	9,584
Contract assets	12,254	12,819
Increase (decrease) in contract with customer assets	$ (565)
Increase (decrease) in contract with customer asset, percentage	(4.00%)
Contract with Customer, Liability [Abstract]
Deferred revenue	$ 7,726	8,819	8,819
Billings in excess of costs and profits recognized	5,160	1,881	$ 1,881
Contract liabilities	12,886	$ 10,700
Increase (decrease) in contract with customer liabilities	$ 2,186
Increase (decrease) in contract with customer liability, percentage	20.00%

Acquisitions & Dispositions - N

Acquisitions & Dispositions - Narrative (Details) $ in Thousands, £ in Millions	Jul. 02, 2018USD ($)	Oct. 02, 2017USD ($)	Jul. 03, 2017USD ($)	Jan. 09, 2017USD ($)	Sep. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Jan. 03, 2018USD ($)	Jan. 03, 2018GBP (£)
Business Acquisition [Line Items]
Gain on contribution of subsea rentals business					$ 0		$ 0	$ 33,506	$ 0
ESP Completion Technologies LLC
Business Acquisition [Line Items]
Payments to acquire business	$ 8,000
Global Tubing, LLC
Business Acquisition [Line Items]
Payments to acquire business		$ 31,764
Net assets acquired		290,320
Revenue					$ 36,200			$ 112,700
Value of common shares		$ 173,472
Multilift
Business Acquisition [Line Items]
Net assets acquired			$ 39,200
Innovative Valve Components and Cooper Valves, LLC
Business Acquisition [Line Items]
Net assets acquired				$ 14,000
Business acquisition percentage of ownership				100.00%
Value of common shares				$ 4,500
Subsea Rentals
Business Acquisition [Line Items]
Cash consideration received in sale of business | £											£ 2.7
Note receivable received as consideration in sale of business | £											£ 3
Gain on contribution of subsea rentals business						$ 33,500
Subsea rental assets carry value										$ 18,100
Ashtead Technology | Subsea Rentals
Business Acquisition [Line Items]
Equity interest received in sale of business										40.00%	40.00%
Equity ownership interest fair value										$ 43,800

Acquisitions & Dispositions - S

Acquisitions & Dispositions - Stock Consideration In Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 02, 2017	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Business Acquisition [Line Items]
Repayment of Global Tubing debt at acquisition		$ 769	$ 882	$ 2,164	$ 1,755
Global Tubing, LLC
Business Acquisition [Line Items]
Forum Energy Technologies' closing stock price on October 2, 2017 (in USD per share)	$ 15.10
Multiplied by number of shares issued for acquisition (in shares)	11,488,208
Value of common shares	$ 173,472
Cash	31,764
Repayment of Global Tubing debt at acquisition	85,084
Total consideration paid for the acquisition	$ 290,320

Acquisitions & Dispositions -_2

Acquisitions & Dispositions - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Oct. 02, 2017	Jul. 03, 2017	Sep. 30, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Non-tax deductible goodwill			$ 752,361	$ 755,245
Long term liabilities	$ (54)
Global Tubing, LLC
Business Acquisition [Line Items]
Accounts receivable	28,044
Inventory	40,005
Other current assets	3,141
Property and equipment	51,585
Intangible assets	228,190
Tax-deductible goodwill	69,423
Non-tax deductible goodwill	64,491
Current liabilities	(16,005)
Total net assets	468,820
Fair value of equity method investment previously held	(178,500)
Net assets acquired	$ 290,320
Multilift
Business Acquisition [Line Items]
Current assets, net of cash acquired		$ 3,763
Property and equipment		96
Intangible assets		17,090
Tax-deductible goodwill		16,472
Non-tax deductible goodwill		3,099
Current liabilities		(1,329)
Net assets acquired		39,191
Net assets acquired		$ 39,200

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials and parts	$ 203,774	$ 160,093
Work in process	42,108	51,941
Finished goods	308,508	305,461
Gross inventories	554,390	517,495
Inventory reserve	(50,938)	(74,318)
Inventories	$ 503,452	$ 443,177

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)
Goodwill [Roll Forward]
Goodwill beginning balance	$ 755,245
Acquisition	1,478
Impact of non-U.S. local currency translation	(4,362)
Goodwill ending balance	752,361
Drilling & Subsea
Goodwill [Roll Forward]
Goodwill beginning balance	251,454
Acquisition	0
Impact of non-U.S. local currency translation	(3,334)
Goodwill ending balance	248,120
Completions
Goodwill [Roll Forward]
Goodwill beginning balance	484,345
Acquisition	1,478
Impact of non-U.S. local currency translation	(960)
Goodwill ending balance	484,863
Production & Infrastructure
Goodwill [Roll Forward]
Goodwill beginning balance	19,446
Acquisition	0
Impact of non-U.S. local currency translation	(68)
Goodwill ending balance	$ 19,378

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairments	$ 0		$ 68,000,000	$ 0	$ 68,000,000
Accumulated impairment loss on goodwill	$ 236,800,000			$ 236,800,000		$ 236,800,000
Intangible asset impairment		$ 14,500,000

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Finite-Lived and Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (208,382)	$ (199,853)
Gross Carrying Amount	598,871	642,917
Net Amortizable Intangibles	390,489	443,064
Customer relationships
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	388,367	428,544
Accumulated Amortization	(138,722)	(138,566)
Net Amortizable Intangibles	249,645	289,978
Patents and technology
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	109,520	110,910
Accumulated Amortization	(21,077)	(16,733)
Net Amortizable Intangibles	88,443	94,177
Non-compete agreements
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,944	6,625
Accumulated Amortization	(5,614)	(6,041)
Net Amortizable Intangibles	330	584
Trade names
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	62,561	64,359
Accumulated Amortization	(25,344)	(22,090)
Net Amortizable Intangibles	37,217	42,269
Distributor relationships
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	22,160	22,160
Accumulated Amortization	(17,286)	(16,338)
Net Amortizable Intangibles	4,874	5,822
Trademarks
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,319	10,319
Accumulated Amortization	(339)	(85)
Net Amortizable Intangibles	$ 9,980	$ 10,234
Minimum | Customer relationships
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	4 years	4 years
Minimum | Patents and technology
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	5 years	5 years
Minimum | Non-compete agreements
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	3 years	3 years
Minimum | Trade names
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	10 years	10 years
Minimum | Distributor relationships
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	8 years	8 years
Minimum | Trademarks
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	15 years	15 years
Maximum | Customer relationships
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	15 years	15 years
Maximum | Patents and technology
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	17 years	17 years
Maximum | Non-compete agreements
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	6 years	6 years
Maximum | Trade names
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	15 years	15 years
Maximum | Distributor relationships
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization period	15 years	15 years

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total debt	$ 466,917	$ 507,906
Unamortized debt premium	1,278	1,583
Debt issuance cost	(3,396)	(4,222)
Less: current maturities	(948)	(1,156)
Long-term debt	465,969	506,750
6.25% Senior Notes due October 2021
Debt Instrument [Line Items]
Total debt	$ 400,000	400,000
Debt stated interest rate	6.25%
Other debt
Debt Instrument [Line Items]
Total debt	$ 1,035	2,099
2017 Credit Facility | Senior secured revolving credit facility
Debt Instrument [Line Items]
Total debt	$ 68,000	$ 108,446

Debt - Narrative (Details)

Debt - Narrative (Details)	9 Months Ended
	Sep. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Oct. 30, 2017USD ($)
Debt Instrument [Line Items]
Debt instrument, carrying value	$ 466,917,000	$ 507,906,000
Outstanding letters of credit	$ 12,900,000	7,900,000
Senior Notes
Debt Instrument [Line Items]
Debt stated interest rate	6.25%
Debt instrument, carrying value	$ 400,000,000	400,000,000
Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	20,000,000
Line of credit facility, remaining borrowing capacity	$ 219,000,000
Percentage of borrowing base (as a percentage)	10.00%
Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity			$ 140,000,000
Line of credit facility, maximum borrowing capacity			300,000,000
Credit Facility | Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			30,000,000
Credit Facility | Letter of Credit | Canadian Subsidiaries
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			3,000,000
Credit Facility | Foreign Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			25,000,000
2017 Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate	3.96%
Unused capacity commitment fee percentage	0.375%
2017 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit accordion feature increase limit			$ 100,000,000
2017 Credit Facility | Credit Facility
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity	$ 299,400,000
Debt instrument, carrying value	68,000,000	$ 108,446,000
2017 Credit Facility | Credit Facility | Letter of Credit
Debt Instrument [Line Items]
Line of credit outstanding	$ 12,400,000
Federal Funds Effective Swap Rate | 2017 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Variable interest spread	0.50%
London Interbank Offered Rate (LIBOR) | 2017 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Variable interest spread	1.00%
CDOR Rate | 2017 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Variable interest spread	1.00%
Debt Instrument, Redemption, Period One | Credit Facility
Debt Instrument [Line Items]
Minimum leverage ratio	0.0175
Maximum leverage ratio	0.0225
Debt Instrument, Redemption, Period Two | Credit Facility
Debt Instrument [Line Items]
Maximum leverage ratio	4
Debt Instrument, Redemption, Period Three | Credit Facility
Debt Instrument [Line Items]
Minimum leverage ratio	0.02
Maximum leverage ratio	0.015
Percentage of borrowing base (as a percentage)	50.00%
Debt Instrument, Redemption, Period Four | 2017 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Commitment fee percentage	0.50%
Debt Instrument, Redemption, Period Five | Credit Facility
Debt Instrument [Line Items]
Maximum leverage ratio	4
Minimum | Credit Facility
Debt Instrument [Line Items]
Fixed charge coverage ratio	1
Fixed charge coverage ratio consecutive days threshold	60 days
Minimum | Debt Instrument, Redemption, Period Five | 2017 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Commitment fee percentage	0.25%
Maximum | Debt Instrument, Redemption, Period Five | 2017 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Commitment fee percentage	0.375%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income tax benefit	$ 1,108,000	$ 7,817,000		$ 12,366,000	$ 31,860,000
Provisional income tax benefit as result of the Tax Cuts and Jobs Act				15,600,000
Goodwill impairments	$ 0		$ 68,000,000	0	$ 68,000,000
Income tax benefit as result of the Tax Cuts and Jobs Act				$ 5,500,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument, carrying value	$ 466,917	$ 507,906
6.25% Senior Notes due October 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument, carrying value	400,000	400,000
6.25% Senior Notes due October 2021 | Fair Value, Inputs, Level 2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument, carrying value	401,300	401,600
Debt instrument, fair value disclosure	402,000	402,000
2017 Credit Facility | Credit Facility
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument, carrying value	$ 68,000	$ 108,446

Business Segments - Income Stat

Business Segments - Income Statement by Segment (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)segment	Sep. 30, 2017USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment			3
Segment Reporting Information [Line Items]
Total revenue	$ 267,037	$ 198,709	$ 791,271	$ 570,920
Operating income (loss)	2,436	(13,919)	(15,972)	(114,490)
Transaction expenses	769	882	2,164	1,755
Goodwill and intangible asset impairments	0	638	14,477	68,642
Loss (gain) on disposal of assets and other	205	128	(1,495)	1,517
Operating Segments
Segment Reporting Information [Line Items]
Operating income (loss)	3,410	(12,271)	(826)	(42,576)
Operating Segments | Drilling & Subsea
Segment Reporting Information [Line Items]
Total revenue	54,542	54,700	166,797	180,607
Operating income (loss)	(8,498)	(8,872)	(24,618)	(23,580)
Operating Segments | Completions
Segment Reporting Information [Line Items]
Total revenue	118,533	60,037	357,640	156,938
Operating income (loss)	15,425	1,614	36,866	(1,223)
Operating Segments | Production & Infrastructure
Segment Reporting Information [Line Items]
Total revenue	95,286	84,980	270,306	235,676
Operating income (loss)	5,299	4,258	13,165	7,124
Eliminations
Segment Reporting Information [Line Items]
Total revenue	(1,324)	(1,008)	(3,472)	(2,301)
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(8,816)	(9,271)	(26,239)	(24,897)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Transaction expenses	769	882	2,164	1,755
Goodwill and intangible asset impairments	0	638	14,477	68,642
Loss (gain) on disposal of assets and other	$ 205	$ 128	$ (1,495)	$ 1,517

Business Segments - Assets by S

Business Segments - Assets by Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets	$ 2,169,508	$ 2,195,228
Operating Segments | Drilling & Subsea
Segment Reporting Information [Line Items]
Assets	619,620	645,254
Operating Segments | Completions
Segment Reporting Information [Line Items]
Assets	1,238,658	1,202,379
Operating Segments | Production & Infrastructure
Segment Reporting Information [Line Items]
Assets	268,135	251,685
Corporate
Segment Reporting Information [Line Items]
Assets	$ 43,095	$ 95,910

Business Segments - Schedule of

Business Segments - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Total revenue	$ 267,037	$ 198,709	$ 791,271	$ 570,920
Eliminations
Disaggregation of Revenue [Line Items]
Total revenue	(1,324)	(1,008)	(3,472)	(2,301)
Drilling & Subsea | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	54,542	54,700	166,797	180,607
Completions | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	118,533	60,037	357,640	156,938
Production & Infrastructure | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	95,286	84,980	270,306	235,676
Drilling Technologies | Drilling & Subsea | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	43,326	38,221	132,489	130,531
Subsea Technologies | Drilling & Subsea | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	11,216	16,479	34,308	50,076
Downhole Technologies | Completions | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	27,484	20,010	78,582	53,637
Stimulation and Intervention | Completions | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	54,849	40,027	166,341	103,301
Coiled Tubing | Completions | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	36,200	0	112,717	0
Production Equipment | Production & Infrastructure | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	37,413	32,275	104,138	89,293
Valve Solutions | Production & Infrastructure | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenue	$ 57,873	$ 52,705	$ 166,168	$ 146,383

Business Segments - Schedule _2

Business Segments - Schedule of Revenue by Geography (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Total revenue	$ 267,037	$ 198,709	$ 791,271	$ 570,920
United States
Segment Reporting Information [Line Items]
Total revenue	208,595	151,400	602,625	434,649
Canada
Segment Reporting Information [Line Items]
Total revenue	18,135	14,818	53,840	40,343
Europe & Africa
Segment Reporting Information [Line Items]
Total revenue	12,023	14,968	43,150	48,092
Middle East
Segment Reporting Information [Line Items]
Total revenue	12,360	5,084	39,318	14,771
Asia-Pacific
Segment Reporting Information [Line Items]
Total revenue	9,391	7,799	32,328	19,694
Latin America
Segment Reporting Information [Line Items]
Total revenue	$ 6,533	$ 4,640	$ 20,010	$ 13,371

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Net income (loss)	$ (3,054)	$ (14,828)	$ 9,663	$ (108,469)
Basic - weighted average shares outstanding (in shares)	108,856	96,275	108,666	96,103
Dilutive effect of stock options and restricted stock (in shares)	0	0	2,135	0
Diluted - weighted average shares outstanding (in shares)	108,856	96,275	110,801	96,103
Earnings (loss) per share
Basic (in USD per share)	$ (0.03)	$ (0.15)	$ 0.09	$ (1.13)
Diluted (in USD per share)	$ (0.03)	$ (0.15)	$ 0.09	$ (1.13)
Diluted earnings per share excluded (in shares)			3,800

Stockholders' Equity (Details)

Stockholders' Equity (Details)	9 Months Ended
	Sep. 30, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted (in shares)	504,930
Granted stock options, exercise price (in USD per share) | $ / shares	$ 12
Award vesting period	4 years
Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity instruments other than options granted (in shares)	1,108,194
Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity instruments other than options granted (in shares)	112,500
Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity instruments other than options granted (in shares)	1,220,694
Restricted Stock and Restricted Stock Units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Restricted Stock and Restricted Stock Units | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	12 months
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity instruments other than options granted (in shares)	160,010
Performance Shares | Share-based Compensation Award, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance measurement period	1 year
Performance Shares | Share-based Compensation Award, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance measurement period	2 years
Performance Shares | Share-based Compensation Award, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance measurement period	3 years
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share conversion ratio (in shares)	0
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share conversion ratio (in shares)	2

Subsequent Event - Narrative (D

Subsequent Event - Narrative (Details) - Houston Global Heat Transfer LLC - Subsequent Event $ in Millions	Oct. 08, 2018USD ($)
Subsequent Event [Line Items]
Percentage of ownership acquired	100.00%
Payments to acquire business	$ 52

Condensed Consolidating Finan_3

Condensed Consolidating Financial Statements - Condensed Consolidating Statements of Income and Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Condensed Statements of Income and Comprehensive Income [Line Items]
Total revenue	$ 267,037	$ 198,709	$ 791,271	$ 570,920
Cost of sales	192,496	151,150	576,774	435,127
Gross profit	74,541	47,559	214,497	135,793
Operating Expenses
Selling, general and administrative expenses	71,790	63,191	215,369	185,760
Goodwill and intangible asset impairments	0	638	14,477	68,642
Transaction expenses	769	882	2,164	1,755
Loss (gain) on disposal of assets and other	205	128	(1,495)	1,517
Total operating expenses	72,764	64,839	230,515	257,674
Earnings (loss) from equity investment	659	3,361	46	7,391
Equity earnings (loss) from affiliate, net of tax	0	0	0	0
Operating income (loss)	2,436	(13,919)	(15,972)	(114,490)
Other expense (income)
Interest expense (income)	7,923	6,366	23,871	19,331
Foreign exchange and other gains, net	(1,325)	2,360	(3,634)	6,508
(Gain) loss on contribution of subsea rentals business	0	0	(33,506)	0
Total other (income) expense, net	6,598	8,726	(13,269)	25,839
Loss before income taxes	(4,162)	(22,645)	(2,703)	(140,329)
Income tax expense (benefit)	(1,108)	(7,817)	(12,366)	(31,860)
Net income (loss)	(3,054)	(14,828)	9,663	(108,469)
Other comprehensive income (loss), net of tax:
Net income (loss)	(3,054)	(14,828)	9,663	(108,469)
Change in foreign currency translation, net of tax of $0	(1,536)	11,547	(13,884)	34,094
Gain (loss) on pension liability	7	(36)	78	(133)
Comprehensive loss	(4,583)	(3,317)	(4,143)	(74,508)
Change in foreign currency translation, tax	0	0	0	0
Reportable Legal Entities | FET Inc. (Parent)
Condensed Statements of Income and Comprehensive Income [Line Items]
Total revenue	0	0	0	0
Cost of sales	0	0	0	0
Gross profit	0	0	0	0
Operating Expenses
Selling, general and administrative expenses	0	0	0	0
Goodwill and intangible asset impairments	0	0	0	0
Transaction expenses	0	0	0	0
Loss (gain) on disposal of assets and other	0	0	0	0
Total operating expenses	0	0	0	0
Earnings (loss) from equity investment	0	0	0	0
Equity earnings (loss) from affiliate, net of tax	3,164	(10,467)	28,413	(95,415)
Operating income (loss)	3,164	(10,467)	28,413	(95,415)
Other expense (income)
Interest expense (income)	7,870	6,710	23,734	20,083
Foreign exchange and other gains, net	0	0	0	0
(Gain) loss on contribution of subsea rentals business			0
Total other (income) expense, net	7,870	6,710	23,734	20,083
Loss before income taxes	(4,706)	(17,177)	4,679	(115,498)
Income tax expense (benefit)	(1,652)	(2,349)	(4,984)	(7,029)
Net income (loss)	(3,054)	(14,828)	9,663	(108,469)
Other comprehensive income (loss), net of tax:
Net income (loss)	(3,054)	(14,828)	9,663	(108,469)
Change in foreign currency translation, net of tax of $0	(1,536)	11,547	(13,884)	34,094
Gain (loss) on pension liability	7	(36)	78	(133)
Comprehensive loss	(4,583)	(3,317)	(4,143)	(74,508)
Reportable Legal Entities | Guarantor Subsidiaries
Condensed Statements of Income and Comprehensive Income [Line Items]
Total revenue	238,224	171,031	698,300	486,683
Cost of sales	173,795	133,503	510,190	375,990
Gross profit	64,429	37,528	188,110	110,693
Operating Expenses
Selling, general and administrative expenses	56,530	51,127	175,342	149,030
Goodwill and intangible asset impairments	0	638	0	32,881
Transaction expenses	491	882	1,879	1,644
Loss (gain) on disposal of assets and other	(15)	91	(2,349)	1,433
Total operating expenses	57,006	52,738	174,872	184,988
Earnings (loss) from equity investment	332	3,361	337	7,391
Equity earnings (loss) from affiliate, net of tax	(3,226)	(3,959)	6,781	(48,535)
Operating income (loss)	4,529	(15,808)	20,356	(115,439)
Other expense (income)
Interest expense (income)	40	(188)	414	(374)
Foreign exchange and other gains, net	(156)	(110)	(265)	(297)
(Gain) loss on contribution of subsea rentals business			5,856
Total other (income) expense, net	(116)	(298)	6,005	(671)
Loss before income taxes	4,645	(15,510)	14,351	(114,768)
Income tax expense (benefit)	1,481	(5,043)	(14,062)	(19,353)
Net income (loss)	3,164	(10,467)	28,413	(95,415)
Other comprehensive income (loss), net of tax:
Net income (loss)	3,164	(10,467)	28,413	(95,415)
Change in foreign currency translation, net of tax of $0	(1,536)	11,547	(13,884)	34,094
Gain (loss) on pension liability	7	(36)	78	(133)
Comprehensive loss	1,635	1,044	14,607	(61,454)
Reportable Legal Entities | Non-Guarantor Subsidiaries
Condensed Statements of Income and Comprehensive Income [Line Items]
Total revenue	44,552	43,121	136,292	133,798
Cost of sales	35,063	32,877	110,762	108,390
Gross profit	9,489	10,244	25,530	25,408
Operating Expenses
Selling, general and administrative expenses	15,260	12,064	40,027	36,730
Goodwill and intangible asset impairments	0	0	14,477	35,761
Transaction expenses	278	0	285	111
Loss (gain) on disposal of assets and other	220	37	854	84
Total operating expenses	15,758	12,101	55,643	72,686
Earnings (loss) from equity investment	327	0	(291)	0
Equity earnings (loss) from affiliate, net of tax	0	0	0	0
Operating income (loss)	(5,942)	(1,857)	(30,404)	(47,278)
Other expense (income)
Interest expense (income)	13	(156)	(277)	(378)
Foreign exchange and other gains, net	(1,169)	2,470	(3,369)	6,805
(Gain) loss on contribution of subsea rentals business			(39,362)
Total other (income) expense, net	(1,156)	2,314	(43,008)	6,427
Loss before income taxes	(4,786)	(4,171)	12,604	(53,705)
Income tax expense (benefit)	(937)	(425)	6,680	(5,478)
Net income (loss)	(3,849)	(3,746)	5,924	(48,227)
Other comprehensive income (loss), net of tax:
Net income (loss)	(3,849)	(3,746)	5,924	(48,227)
Change in foreign currency translation, net of tax of $0	(1,536)	11,547	(13,884)	34,094
Gain (loss) on pension liability	7	(36)	78	(133)
Comprehensive loss	(5,378)	7,765	(7,882)	(14,266)
Eliminations
Condensed Statements of Income and Comprehensive Income [Line Items]
Total revenue	(15,739)	(15,443)	(43,321)	(49,561)
Cost of sales	(16,362)	(15,230)	(44,178)	(49,253)
Gross profit	623	(213)	857	(308)
Operating Expenses
Selling, general and administrative expenses	0	0	0	0
Goodwill and intangible asset impairments	0	0	0	0
Transaction expenses	0	0	0	0
Loss (gain) on disposal of assets and other	0	0	0	0
Total operating expenses	0	0	0	0
Earnings (loss) from equity investment	0	0	0	0
Equity earnings (loss) from affiliate, net of tax	62	14,426	(35,194)	143,950
Operating income (loss)	685	14,213	(34,337)	143,642
Other expense (income)
Interest expense (income)	0	0	0	0
Foreign exchange and other gains, net	0	0	0	0
(Gain) loss on contribution of subsea rentals business			0
Total other (income) expense, net	0	0	0	0
Loss before income taxes	685	14,213	(34,337)	143,642
Income tax expense (benefit)	0	0	0	0
Net income (loss)	685	14,213	(34,337)	143,642
Other comprehensive income (loss), net of tax:
Net income (loss)	685	14,213	(34,337)	143,642
Change in foreign currency translation, net of tax of $0	3,072	(23,094)	27,768	(68,188)
Gain (loss) on pension liability	(14)	72	(156)	266
Comprehensive loss	$ 3,743	$ (8,809)	$ (6,725)	$ 75,720

Condensed Consolidating Finan_4

Condensed Consolidating Financial Statements - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 26,940		$ 115,216
Accounts receivable—trade, net	214,719	$ 199,679	202,914
Inventories, net	503,452		443,177
Prepaid expenses and other current assets	27,915		19,490
Accrued revenue	1,769	3,235	0
Costs and estimated profits in excess of billings	10,485	9,584	9,584
Total current assets	785,280		790,381
Property and equipment, net of accumulated depreciation	179,760		197,281
Deferred financing costs, net	2,278		2,900
Intangible assets	390,489		443,064
Goodwill	752,361		755,245
Investment in unconsolidated subsidiary	41,351		0
Deferred income taxes, net	8,317		3,344
Other long-term assets	9,672		3,013
Investment in affiliates	0		0
Long-term advances to affiliates	0		0
Total assets	2,169,508		2,195,228
Current liabilities
Current portion of long-term debt	948		1,156
Accounts payable—trade	142,540		137,684
Accrued liabilities	69,846		66,765
Deferred revenue	7,726	8,819	8,819
Billings in excess of costs and profits recognized	5,160	$ 1,881	1,881
Total current liabilities	226,220		216,305
Long-term debt, net of current portion	465,969		506,750
Deferred income taxes, net	21,799		31,232
Other long-term liabilities	34,769		31,925
Long-term payables to affiliates	0		0
Total liabilities	748,757		786,212
Total equity	1,420,751		1,409,016
Total liabilities and equity	2,169,508		2,195,228
Reportable Legal Entities | FET Inc. (Parent)
Current assets
Cash and cash equivalents	0		0
Accounts receivable—trade, net	0		0
Inventories, net	0		0
Prepaid expenses and other current assets	0		0
Accrued revenue	0
Costs and estimated profits in excess of billings	0		0
Total current assets	0		0
Property and equipment, net of accumulated depreciation	0		0
Deferred financing costs, net	2,278		2,900
Intangible assets	0		0
Goodwill	0		0
Investment in unconsolidated subsidiary	0
Deferred income taxes, net	0		0
Other long-term assets	0		0
Investment in affiliates	1,264,192		1,250,593
Long-term advances to affiliates	633,096		667,968
Total assets	1,899,566		1,921,461
Current liabilities
Current portion of long-term debt	0		0
Accounts payable—trade	0		0
Accrued liabilities	12,933		6,638
Deferred revenue	0		0
Billings in excess of costs and profits recognized	0		0
Total current liabilities	12,933		6,638
Long-term debt, net of current portion	465,882		505,807
Deferred income taxes, net	0		0
Other long-term liabilities	0		0
Long-term payables to affiliates	0		0
Total liabilities	478,815		512,445
Total equity	1,420,751		1,409,016
Total liabilities and equity	1,899,566		1,921,461
Reportable Legal Entities | Guarantor Subsidiaries
Current assets
Cash and cash equivalents	11,758		73,981
Accounts receivable—trade, net	186,235		168,162
Inventories, net	439,961		374,527
Prepaid expenses and other current assets	21,111		12,679
Accrued revenue	631
Costs and estimated profits in excess of billings	8,589		9,584
Total current assets	668,285		638,933
Property and equipment, net of accumulated depreciation	158,496		167,407
Deferred financing costs, net	0		0
Intangible assets	358,033		390,752
Goodwill	601,298		599,677
Investment in unconsolidated subsidiary	2,416
Deferred income taxes, net	4,973		0
Other long-term assets	4,416		2,086
Investment in affiliates	387,847		418,799
Long-term advances to affiliates	0		0
Total assets	2,185,764		2,217,654
Current liabilities
Current portion of long-term debt	924		1,048
Accounts payable—trade	123,061		117,158
Accrued liabilities	38,825		46,962
Deferred revenue	5,042		4,455
Billings in excess of costs and profits recognized	206		1,394
Total current liabilities	168,058		171,017
Long-term debt, net of current portion	69		908
Deferred income taxes, net	13,978		22,737
Other long-term liabilities	14,096		13,907
Long-term payables to affiliates	725,371		758,492
Total liabilities	921,572		967,061
Total equity	1,264,192		1,250,593
Total liabilities and equity	2,185,764		2,217,654
Reportable Legal Entities | Non-Guarantor Subsidiaries
Current assets
Cash and cash equivalents	15,182		41,235
Accounts receivable—trade, net	28,484		34,752
Inventories, net	71,438		77,454
Prepaid expenses and other current assets	6,804		6,811
Accrued revenue	1,138
Costs and estimated profits in excess of billings	1,896		0
Total current assets	124,942		160,252
Property and equipment, net of accumulated depreciation	21,264		29,874
Deferred financing costs, net	0		0
Intangible assets	32,456		52,312
Goodwill	151,063		155,568
Investment in unconsolidated subsidiary	38,935
Deferred income taxes, net	3,344		3,344
Other long-term assets	5,256		927
Investment in affiliates	0		0
Long-term advances to affiliates	92,275		90,524
Total assets	469,535		492,801
Current liabilities
Current portion of long-term debt	24		108
Accounts payable—trade	19,479		20,526
Accrued liabilities	18,088		13,165
Deferred revenue	2,684		4,364
Billings in excess of costs and profits recognized	4,954		487
Total current liabilities	45,229		38,650
Long-term debt, net of current portion	18		35
Deferred income taxes, net	7,821		8,495
Other long-term liabilities	20,673		18,018
Long-term payables to affiliates	0		0
Total liabilities	73,741		65,198
Total equity	395,794		427,603
Total liabilities and equity	469,535		492,801
Eliminations
Current assets
Cash and cash equivalents	0		0
Accounts receivable—trade, net	0		0
Inventories, net	(7,947)		(8,804)
Prepaid expenses and other current assets	0		0
Accrued revenue	0
Costs and estimated profits in excess of billings	0		0
Total current assets	(7,947)		(8,804)
Property and equipment, net of accumulated depreciation	0		0
Deferred financing costs, net	0		0
Intangible assets	0		0
Goodwill	0		0
Investment in unconsolidated subsidiary	0
Deferred income taxes, net	0		0
Other long-term assets	0		0
Investment in affiliates	(1,652,039)		(1,669,392)
Long-term advances to affiliates	(725,371)		(758,492)
Total assets	(2,385,357)		(2,436,688)
Current liabilities
Current portion of long-term debt	0		0
Accounts payable—trade	0		0
Accrued liabilities	0		0
Deferred revenue	0		0
Billings in excess of costs and profits recognized	0		0
Total current liabilities	0		0
Long-term debt, net of current portion	0		0
Deferred income taxes, net	0		0
Other long-term liabilities	0		0
Long-term payables to affiliates	(725,371)		(758,492)
Total liabilities	(725,371)		(758,492)
Total equity	(1,659,986)		(1,678,196)
Total liabilities and equity	$ (2,385,357)		$ (2,436,688)

Condensed Consolidating Finan_5

Condensed Consolidating Financial Statements - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	$ (24,346)	$ (17,083)
Cash flows from investing activities
Capital expenditures for property and equipment	(19,856)	(19,656)
Acquisition of businesses, net of cash acquired	(8,000)	(47,890)
Investment in unconsolidated subsidiary	0	(1,041)
Proceeds from sale of business, property and equipment	9,194	1,849
Long-term loans and advances to affiliates	0	0
Net cash used in investing activities	(18,662)	(66,738)
Cash flows from financing activities
Borrowings of debt	100,000	0
Repayments of debt	(141,866)	(1,140)
Repurchases of stock	(2,499)	(4,667)
Proceeds from stock issuance	150	2,896
Long-term loans and advances to affiliates	0	0
Dividend paid to affiliates	0
Net cash used in financing activities	(44,215)	(2,911)
Effect of exchange rate changes on cash	(1,053)	8,702
Net decrease in cash, cash equivalents and restricted cash	(88,276)	(78,030)
Cash, cash equivalents and restricted cash at beginning of period	115,216	234,422
Cash, cash equivalents and restricted cash at end of period	26,940	156,392
Reportable Legal Entities | FET Inc. (Parent)
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	7,613	(7,671)
Cash flows from investing activities
Capital expenditures for property and equipment	0	0
Acquisition of businesses, net of cash acquired	0	0
Investment in unconsolidated subsidiary		0
Proceeds from sale of business, property and equipment	0	0
Long-term loans and advances to affiliates	35,539	9,790
Net cash used in investing activities	35,539	9,790
Cash flows from financing activities
Borrowings of debt	100,000
Repayments of debt	(140,803)	0
Repurchases of stock	(2,499)	(4,667)
Proceeds from stock issuance	150	2,896
Long-term loans and advances to affiliates	0	0
Dividend paid to affiliates	0
Net cash used in financing activities	(43,152)	(1,771)
Effect of exchange rate changes on cash	0	0
Net decrease in cash, cash equivalents and restricted cash	0	348
Cash, cash equivalents and restricted cash at beginning of period	0	65
Cash, cash equivalents and restricted cash at end of period	0	413
Reportable Legal Entities | Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	(9,720)	2,262
Cash flows from investing activities
Capital expenditures for property and equipment	(16,698)	(14,625)
Acquisition of businesses, net of cash acquired	(8,000)	(42,204)
Investment in unconsolidated subsidiary		(1,041)
Proceeds from sale of business, property and equipment	5,128	1,849
Long-term loans and advances to affiliates	3,569	7,902
Net cash used in investing activities	(16,001)	(48,119)
Cash flows from financing activities
Borrowings of debt	0
Repayments of debt	(963)	(1,076)
Repurchases of stock	0	0
Proceeds from stock issuance	0	0
Long-term loans and advances to affiliates	(35,539)	(9,790)
Dividend paid to affiliates	0
Net cash used in financing activities	(36,502)	(10,866)
Effect of exchange rate changes on cash	0	0
Net decrease in cash, cash equivalents and restricted cash	(62,223)	(56,723)
Cash, cash equivalents and restricted cash at beginning of period	73,981	143,275
Cash, cash equivalents and restricted cash at end of period	11,758	86,552
Reportable Legal Entities | Non-Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	1,711	(11,674)
Cash flows from investing activities
Capital expenditures for property and equipment	(3,158)	(5,031)
Acquisition of businesses, net of cash acquired	0	(5,686)
Investment in unconsolidated subsidiary		0
Proceeds from sale of business, property and equipment	4,066	0
Long-term loans and advances to affiliates	0	0
Net cash used in investing activities	908	(10,717)
Cash flows from financing activities
Borrowings of debt	0
Repayments of debt	(100)	(64)
Repurchases of stock	0	0
Proceeds from stock issuance	0	0
Long-term loans and advances to affiliates	(3,569)	(7,902)
Dividend paid to affiliates	(23,950)
Net cash used in financing activities	(27,619)	(7,966)
Effect of exchange rate changes on cash	(1,053)	8,702
Net decrease in cash, cash equivalents and restricted cash	(26,053)	(21,655)
Cash, cash equivalents and restricted cash at beginning of period	41,235	91,082
Cash, cash equivalents and restricted cash at end of period	15,182	69,427
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities	(23,950)	0
Cash flows from investing activities
Capital expenditures for property and equipment	0	0
Acquisition of businesses, net of cash acquired	0	0
Investment in unconsolidated subsidiary		0
Proceeds from sale of business, property and equipment	0	0
Long-term loans and advances to affiliates	(39,108)	(17,692)
Net cash used in investing activities	(39,108)	(17,692)
Cash flows from financing activities
Borrowings of debt	0
Repayments of debt	0	0
Repurchases of stock	0	0
Proceeds from stock issuance	0	0
Long-term loans and advances to affiliates	39,108	17,692
Dividend paid to affiliates	23,950
Net cash used in financing activities	63,058	17,692
Effect of exchange rate changes on cash	0	0
Net decrease in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash at beginning of period	0	0
Cash, cash equivalents and restricted cash at end of period	$ 0	$ 0