ChampionX (CHX) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Aug. 03, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-38441
Entity Registrant Name	ChampionX Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-3066826
Entity Address, Address Line One	2445 Technology Forest Blvd,
Entity Address, Address Line Two	Building 4, 12th Floor
Entity Address, City or Town	The Woodlands,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77381
City Area Code	(281)
Local Phone Number	403-5772
Entity Information, Former Legal or Registered Name	Apergy Corporation
Security 12b Title	Common stock, $0.01 par value
Trading Symbol	CHX
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		199,808,901
Entity Central Index Key	0001723089
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Lease and other revenue	$ 13,197		$ 12,437		$ 25,262	$ 23,168
Total revenue	298,914		306,170		560,348	606,664
Cost of goods and services	266,684		197,410		445,779	394,893
Gross profit	32,230		108,760		114,569	211,771
Selling, general and administrative expense	130,657		66,687		208,800	130,816
Goodwill impairment	0	$ 616,300	0		616,271	0
Long-lived asset impairment	0	41,000	0		40,980	1,746
Interest expense, net	11,262		10,109		20,301	20,636
Other (income) expense, net	312		2,676		(1,321)	3,778
Income (loss) before income taxes	(110,001)		29,288		(770,462)	54,795
Provision for (benefit from) income taxes	(954)		6,280		(27,960)	11,849
Net income (loss)	(109,047)	$ (633,455)	23,008	$ 19,938	(742,502)	42,946
Net income attributable to noncontrolling interest	598		71		871	353
Net income (loss) attributable to ChampionX	$ (109,645)		$ 22,937		$ (743,373)	$ 42,593
Basic (in dollars per share)	$ (0.95)		$ 0.30		$ (7.72)	$ 0.55
Diluted (in dollars per share)	$ (0.95)		$ 0.30		$ (7.72)	$ 0.55
Weighted-average number of shares outstanding, basic (in shares)	115,149		77,425		96,313	77,394
Weighted-average number of shares outstanding, diluted (in shares)	115,149		77,632		96,313	77,636
Product revenue
Revenue	$ 248,871		$ 269,670		$ 473,316	$ 535,622
Service revenue
Revenue	$ 36,846		$ 24,063		$ 61,770	$ 47,874

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ (109,047)	$ 23,008	$ (742,502)	$ 42,946
Foreign currency translation adjustments	[1]	5,703	974	(5,349)	2,064
Other activities, net	[2]	752	68	851	167
Other comprehensive income (loss)		6,455	1,042	(4,498)	2,231
Comprehensive income (loss)		(102,592)	24,050	(747,000)	45,177
Comprehensive income attributable to noncontrolling interest		598	71	871	353
Comprehensive income (loss) attributable to ChampionX		$ (103,190)	$ 23,979	$ (747,871)	$ 44,824
[1]	Net of income tax (expense) benefit of $0 for the three and six months ended June 30, 2020 and 2019 .
[2]	Net of income tax (expense) benefit of $(33) and $(24) for the three months ended June 30, 2020 and 2019 , respectively, and $(66) and $(179) for the six months ended June 30, 2020 and 2019 , respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0
Pension and other post-retirement benefit plans, tax	$ (33,000)	$ (24,000)	$ (66,000)	$ (179,000)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 141,895	$ 35,290
Receivables, net	517,110	219,874
Inventories, net	527,642	211,342
Prepaid expenses and other current assets	71,900	26,934
Total current assets	1,258,547	493,440
Property, plant and equipment, net of accumulated depreciation of $463,962 in 2020 and $426,722 in 2019	944,745	248,181
Operating lease right-of-use assets	124,289	24,289
Goodwill	644,381	911,113
Intangible assets, net	485,988	238,707
Other non-current assets	62,883	7,095
Total assets	3,520,833	1,922,825
Liabilities and Equity
Current portion of long-term debt	31,656	4,845
Accounts payable	274,964	120,291
Accrued compensation and employee benefits	48,044	38,470
Current portion of operating lease liabilities	34,771	7,620
Accrued distributor fees	47,044	0
Accrued expenses and other current liabilities	121,870	28,455
Total current liabilities	558,349	199,681
Long-term debt	1,071,727	559,821
Deferred income taxes	156,622	84,060
Operating lease liabilities	85,668	19,419
Other long-term liabilities	63,871	23,630
Total liabilities	1,936,237	886,611
Stockholders’ equity:
Common stock (2.5 billion shares authorized, $0.01 par value) 199.8 million shares and 77.5 million shares issued and outstanding in 2020 and 2019, respectively	1,998	775
Capital in excess of par value of common stock	2,283,096	969,174
Retained earnings (accumulated deficit)	(637,861)	107,048
Accumulated other comprehensive loss	(48,535)	(44,037)
Total stockholders’ equity	1,598,698	1,032,960
Noncontrolling interest	(14,102)	3,254
Total equity	1,584,596	1,036,214
Total liabilities and equity	$ 3,520,833	$ 1,922,825

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accumulated depreciation on property, plant, and equipment	$ 463,962	$ 426,722
Par value of common stock (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,500,000,000	2,500,000,000
Common stock, shares issued (in shares)	199,800,000	77,500,000
Common stock, shares outstanding (in shares)	199,800,000	77,500,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock, Par Value	Common Stock, Capital in excess of par value	Retained Earnings (Accum. Deficit)	Accum. Other Comp. Loss	Non-controlling Interest	Cumulative Effect Adjustment	Cumulative Effect AdjustmentRetained Earnings (Accum. Deficit)
Common stock, shares outstanding, beginning of period (in shares) at Dec. 31, 2018		77,353
Beginning balance at Dec. 31, 2018	$ 975,983	$ 774	$ 960,773	$ 54,884	$ (42,906)	$ 2,458	$ 0
Net income (loss)	19,938			19,656		282
Other comprehensive income (loss)	1,189				1,189
Stock-based compensation (in shares)		39
Stock-based compensation	2,285		2,285
Taxes withheld on issuance of stock-based awards	(719)		(719)
Other	14					14
Common stock, shares outstanding, end of period (in shares) at Mar. 31, 2019		77,392
Ending balance at Mar. 31, 2019	998,690	$ 774	962,339	74,540	(41,717)	2,754
Common stock, shares outstanding, beginning of period (in shares) at Dec. 31, 2018		77,353
Beginning balance at Dec. 31, 2018	975,983	$ 774	960,773	54,884	(42,906)	2,458	0
Net income (loss)	42,946
Other comprehensive income (loss)	2,231
Common stock, shares outstanding, end of period (in shares) at Jun. 30, 2019		77,459
Ending balance at Jun. 30, 2019	1,024,382	$ 775	963,994	97,477	(40,675)	2,811
Common stock, shares outstanding, beginning of period (in shares) at Mar. 31, 2019		77,392
Beginning balance at Mar. 31, 2019	998,690	$ 774	962,339	74,540	(41,717)	2,754
Net income (loss)	23,008			22,937		71
Other comprehensive income (loss)	1,042				1,042
Stock-based compensation (in shares)		67
Stock-based compensation	2,736	$ 1	2,735
Taxes withheld on issuance of stock-based awards	(1,080)		(1,080)
Other	(14)					(14)
Common stock, shares outstanding, end of period (in shares) at Jun. 30, 2019		77,459
Ending balance at Jun. 30, 2019	$ 1,024,382	$ 775	963,994	97,477	(40,675)	2,811
Common stock, shares outstanding, beginning of period (in shares) at Dec. 31, 2019	77,500	77,460
Beginning balance at Dec. 31, 2019	$ 1,036,214	$ 775	969,174	107,048	(44,037)	3,254	(1,573)	$ (1,573)
Net income (loss)	(633,455)			(633,728)		273
Other comprehensive income (loss)	(10,953)				(10,953)
Stock-based compensation (in shares)		44
Stock-based compensation	2,429		2,429
Taxes withheld on issuance of stock-based awards	(368)		(368)
Common stock, shares outstanding, end of period (in shares) at Mar. 31, 2020		77,504
Ending balance at Mar. 31, 2020	$ 392,294	$ 775	971,235	(528,253)	(54,990)	3,527
Common stock, shares outstanding, beginning of period (in shares) at Dec. 31, 2019	77,500	77,460
Beginning balance at Dec. 31, 2019	$ 1,036,214	$ 775	969,174	107,048	(44,037)	3,254	$ (1,573)	$ (1,573)
Net income (loss)	(742,502)
Other comprehensive income (loss)	$ (4,498)
Common stock, shares outstanding, end of period (in shares) at Jun. 30, 2020	199,800	199,808
Ending balance at Jun. 30, 2020	$ 1,584,596	$ 1,998	2,283,096	(637,861)	(48,535)	(14,102)
Common stock, shares outstanding, beginning of period (in shares) at Mar. 31, 2020		77,504
Beginning balance at Mar. 31, 2020	392,294	$ 775	971,235	(528,253)	(54,990)	3,527
Issuance of common stock related to the Merger (in shares)		122,237
Issuance of common stock related to the Merger	1,263,931	$ 1,223	1,262,708
Issuance of replacement awards related to the Merger	43,964		43,964
Non-controlling interest acquired in the Merger	(16,015)					(16,015)
Net income (loss)	(109,047)			(109,645)		598
Other comprehensive income (loss)	6,455				6,455
Stock-based compensation (in shares)		67
Stock-based compensation	5,433		5,433
Taxes withheld on issuance of stock-based awards	(244)		(244)
Distributions to noncontrolling interest	(2,200)					(2,200)
Other	$ 25			37		(12)
Common stock, shares outstanding, end of period (in shares) at Jun. 30, 2020	199,800	199,808
Ending balance at Jun. 30, 2020	$ 1,584,596	$ 1,998	$ 2,283,096	$ (637,861)	$ (48,535)	$ (14,102)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash provided by (used for) operating activities:
Net income (loss)	$ (742,502)	$ 42,946
Adjustments to reconcile net income to net cash provided (required) by operating activities:
Depreciation	58,139	34,190
Amortization	26,274	25,873
Stock-based compensation	7,862	5,021
Loss on disposal of fixed assets	4,040	65
Loss on goodwill and long-lived asset impairment	657,251	1,746
Loss on sale of business	0	2,475
Provision for losses on accounts receivable	3,498	(307)
Provision for inventory obsolescence and write-downs	8,354	0
Amortization of deferred loan costs and accretion of discount	1,999	1,295
Deferred income taxes	(24,682)	(5,300)
Employee benefit plan expense	859	1,135
Other	(264)	(418)
Changes in operating assets and liabilities (net of effects of foreign exchange):
Receivables	77,777	(5,161)
Inventories	24,794	1,029
Prepaid expenses and other current assets	22,088	(2,311)
Accounts payable	(30,331)	(3,088)
Accrued compensation and employee benefits	(13,846)	(7,989)
Accrued expenses and other liabilities	4,717	(3,126)
Leased assets	(9,311)	(29,421)
Other	1,317	647
Net cash provided by operating activities	78,033	59,301
Cash provided by (used for) investing activities:
Capital expenditures	(19,322)	(22,688)
Acquisitions, net of cash acquired	57,588	0
Proceeds from sale of fixed assets	1,066	2,475
Payment on sale of business	0	(2,194)
Net cash provided by (used for) investing activities	39,332	(22,407)
Cash provided by (used for) financing activities:
Proceeds from long-term debt, net of discounts	125,000	4,000
Payment of debt issue costs	(4,356)	0
Repayment of long-term debt	(125,000)	(54,000)
Distribution to noncontrolling interest	(2,200)	0
Payment of finance lease obligations	(2,802)	(2,690)
Payments related to taxes withheld on stock-based compensation	(612)	(1,799)
Net cash used for financing activities	(9,970)	(54,489)
Effect of exchange rate changes on cash and cash equivalents	(790)	99
Net increase (decrease) in cash and cash equivalents	106,605	(17,496)
Cash and cash equivalents at beginning of period	35,290	41,832
Cash and cash equivalents at end of period	$ 141,895	$ 24,336

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION ChampionX Corporation is a global leader in chemistry solutions and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. Unless the context requires otherwise, references in this report to “we,” “us,” “our,” “the Company,” or “ChampionX” mean ChampionX Corporation, together with our subsidiaries where the context requires. On June 3, 2020, the Company and Ecolab Inc. (“Ecolab”) completed a Reverse Morris Trust transaction in which Ecolab transferred their upstream energy business to Champion X Holding, Inc. (“legacy ChampionX”) and, thereafter, distributed all of the shares of legacy ChampionX common stock to certain Ecolab stockholders (“the Distribution”). Immediately following the Distribution, a wholly owned subsidiary of the Company merged with and into legacy ChampionX, with legacy ChampionX continuing as the surviving company in the Merger and as a wholly owned subsidiary of the Company (“the Merger”). In association with the completion of the Merger, the Company has changed its name from Apergy Corporation (“Apergy”) to ChampionX Corporation, and common shares began trading on the New York Stock Exchange under the symbol "CHX". As a result of the Merger, the results of operations of legacy ChampionX have been reflected in our accompanying condensed consolidated financial statements from the closing date of the Merger through June 30, 2020. Results for the periods prior to June 3, 2020 reflect the financial and operating results of Apergy and do not include the financial and operating results of legacy ChampionX. See Note 2—Merger Transaction for additional information on the Merger. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of ChampionX have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission pertaining to interim financial information. As permitted under those rules, certain footnotes or other financial information that are normally required by GAAP have been condensed or omitted. Therefore, these financial statements should be read in conjunction with the audited consolidated financial statements, and notes thereto, which are included in our Annual Report on Form 10-K for the year ended December 31, 2019 . The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from our estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments unless otherwise specified) necessary for a fair statement of our financial condition and results of operations as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the results and trends in these financial statements may not be representative of the results that may be expected for the year ending December 31, 2020 . Change in Accounting Estimate During the quarter, we entered into new commercial agreements, which changed the economics of the leased asset program of our Electrical Submersible Pump (“ESP”) subsidiary in our Production & Automation Technologies segment. As such, we re-evaluated the estimated useful life and salvage value of our assets based on the combination of new commercial contracts and historical operating trends related to the aging of our lease fleet, including functioning assets beyond original expected life. Based on our analysis, effective April 1, 2020, we changed our estimate of useful life and salvage values for certain equipment to better reflect the useful life and estimated values of these assets at the end of their useful life. The estimated useful life, previously estimated at 12 months , was increased to 18 months . The estimated salvage value of the equipment, previously estimated at 50% , was decreased to 0% . The effect of the changes in estimate for the three months ended June 30, 2020, was an increase in depreciation expense of $17.6 million , a decrease in net income of $15.4 million , and a decrease in basic and diluted earnings per share of $0.13 per share. Reclassifications Certain prior period amounts have been reclassified to conform to the presentation of the current period financial statements. Long-lived asset impairment for the six months ended June 30, 2019 has been reclassified from selling, general, and administrative expense to conform with our current period presentation of long-lived asset impairment on the condensed consolidated statements of income (loss). These reclassifications had no effect on the previously reported net loss. Revisions We revised our previously issued financial statements for the three and six months ended June 30, 2019 , for the correction of immaterial errors related to: (i) the assessing and recording of liabilities for state sales tax and associated penalties and interest, primarily resulting in an understatement of our selling, general, and administrative expense and interest expense for the three and six months ended June 30, 2019 ; and (ii) previously recorded amounts including, but not limited to, the write-off of inventory and leased assets, timing of revenue recognition, and revenue classification, that the Company concluded were immaterial to our previously filed condensed consolidated financial statements. See the following table for the impact of the corrections on our condensed consolidated financial statements: Condensed Consolidated Statement of Income Three Months Ended June 30, 2019 (in thousands, except per share data) As Reported Adjustments As Revised Product revenue $ 270,273 $ (603 ) $ 269,670 Service revenue 24,071 (8 ) 24,063 Lease and other revenue 11,710 727 12,437 Total revenue 306,054 116 306,170 Cost of goods and services 196,285 1,125 197,410 Gross profit 109,769 (1,009 ) 108,760 Selling, general and administrative expense 66,642 45 66,687 Interest expense, net 10,057 52 10,109 Other expense, net 2,676 — 2,676 Income before income taxes 30,394 (1,106 ) 29,288 Provision for income taxes 6,544 (264 ) 6,280 Net income 23,850 (842 ) 23,008 Net income attributable to noncontrolling interest 71 — 71 Net income attributable to ChampionX $ 23,779 $ (842 ) $ 22,937 Earnings per share attributable to ChampionX: Basic $ 0.31 $ (0.01 ) $ 0.30 Diluted $ 0.31 $ (0.01 ) $ 0.30 Comprehensive income $ 24,892 $ (842 ) $ 24,050 Comprehensive income attributable to ChampionX $ 24,821 $ (842 ) $ 23,979 Six Months Ended June 30, 2019 (in thousands, except per share data) As Reported Adjustments As Revised Product revenue $ 536,417 $ (795 ) $ 535,622 Service revenue 47,978 (104 ) 47,874 Lease and other revenue 23,350 (182 ) 23,168 Total revenue 607,745 (1,081 ) 606,664 Cost of goods and services 392,427 2,466 394,893 Gross profit 215,318 (3,547 ) 211,771 Selling, general and administrative expense 130,231 585 130,816 Long-lived asset impairment (1) 1,746 — 1,746 Interest expense, net 20,531 105 20,636 Other expense, net 3,778 — 3,778 Income before income taxes 59,032 (4,237 ) 54,795 Provision for income taxes 12,613 (764 ) 11,849 Net income 46,419 (3,473 ) 42,946 Net income attributable to noncontrolling interest 353 — 353 Net income attributable to ChampionX $ 46,066 $ (3,473 ) $ 42,593 Earnings per share attributable to ChampionX: Basic $ 0.60 $ (0.05 ) $ 0.55 Diluted $ 0.59 $ (0.04 ) $ 0.55 Comprehensive income 48,650 (3,473 ) 45,177 Comprehensive income attributable to ChampionX 48,297 (3,473 ) 44,824 (1) Long-lived asset impairment has been reclassified from selling, general, and administrative expense to conform with our current period presentation of long-lived asset impairment on the condensed consolidated statements of income (loss). Condensed Consolidated Statement of Changes in Stockholders’ Equity June 30, 2019 (in thousands) As Reported Adjustments As Revised Stockholders’ Equity: Capital in excess of par value of common stock $ 968,593 $ (4,599 ) $ 963,994 Retained earnings 100,233 (2,756 ) 97,477 Total equity 1,031,737 (7,355 ) 1,024,382 (in thousands) As Reported Adjustments As Revised Total equity at December 31, 2018 $ 981,527 $ (5,544 ) $ 975,983 Cumulative effect of accounting changes (1,662 ) 1,662 — Net income 22,569 (2,631 ) 19,938 Total equity at March 31, 2019 1,005,203 (6,513 ) 998,690 Net income 23,850 (842 ) 23,008 June 30, 2019 1,031,737 (7,355 ) 1,024,382 Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2019 (in thousands) As Reported Adjustments As Revised Cash provided (required) by operating activities: Net income $ 46,419 $ (3,473 ) $ 42,946 Adjustments to reconcile net income to net cash provided (required) by operating activities: Deferred income taxes (10,891 ) 5,591 (5,300 ) Loss on sale of fixed assets (1) 65 — 65 Provision for losses on accounts receivable (1) (307 ) — (307 ) Amortization of deferred loan costs and accretion of discount (1) 1,295 — 1,295 Other (406 ) (12 ) (418 ) Changes in operating assets and liabilities (net of effects of foreign exchange): Receivables (6,115 ) 954 (5,161 ) Inventories (2,290 ) 3,319 1,029 Prepaid expenses and other current assets 3,470 (5,781 ) (2,311 ) Accounts payable (1,506 ) (1,582 ) (3,088 ) Accrued compensation and employee benefits (10,570 ) 2,581 (7,989 ) Accrued expenses and other liabilities 49 (3,175 ) (3,126 ) Leased assets (30,999 ) 1,578 (29,421 ) _______________________ (1) Each of these amounts were included within “Other” on the condensed consolidated statements of cash flows reported for the six months ended June 30, 2019. These amounts have been reclassified consistent with the presentation in the current reporting period.

Merger Transactions

Merger Transactions	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Merger Transactions	MERGER TRANSACTION On June 3, 2020 we completed the acquisition of the legacy ChampionX business through the merger of one of our wholly owned subsidiaries with legacy ChampionX. Immediately prior to the Merger, Ecolab transferred their upstream energy business to legacy ChampionX. Pursuant to the Merger, shares of Ecolab common stock that were tendered through an exchange offer were converted into common shares of legacy ChampionX on a 1-for-24.6667 basis, with each share of legacy ChampionX automatically converting into one share of the Company. To complete the acquisition, we issued 122.2 million shares of common stock, at a share price of $10.34 per share, in exchange for 100% equity ownership of legacy ChampionX. The transaction resulted in legacy ChampionX equityholders owning approximately 62% of the Company on a fully diluted basis, with equityholders of the Company prior to the Merger owning approximately 38% on a fully diluted basis. Acquisition-related costs associated with the Merger were expensed as incurred and total $52.3 million and $60.2 million for the three and six months ended June 30, 2020 , respectively, and are included in selling, general, and administrative expense in our condensed consolidated statements of income (loss). The acquisition-related transaction costs consisted primarily of investment banker fees and legal and accounting costs. The Merger constitutes a business combination, with the Company (formerly known as Apergy) treated as the accounting acquirer and legacy ChampionX treated as the acquired company for accounting purposes. Legacy ChampionX provides on-site, technology-driven chemistry programs and value-enabling solutions and services to the global upstream oil and natural gas industry. Preliminary Purchase Price Allocation The acquisition-date fair value of the consideration transferred consisted of the following: (in thousands) Equity consideration $ 1,263,931 Replacement awards attributable to pre-combination services (1) 43,964 Unfavorable supply agreement (2) 44,000 Favorable supply agreement (2) (55,000 ) Fair value of consideration transferred $ 1,296,895 _______________________ (1) Represents the fair value of the replacement equity awards to the extent services were provided by employees of legacy ChampionX prior to closing. See Note 12—Equity And Cash Incentive Programs for additional information about the replacement equity awards. (2) As part of the Merger, the Company entered into a Cross Supply and Product Transfer Agreement with Ecolab in which over a period of approximately three years from the merger date, certain products will be manufactured by one party for the other. The cross selling prices in which each party will transfer their products, and include a take-or-pay element, have been set forth within this agreement and are not reflective of market terms. As a result, we recognized an intangible asset recorded at fair value for the favorable terms and a liability recorded at fair value for the unfavorable terms. The intangible asset will be amortized on a straight-line basis over a three-year period into cost of goods and services and the liability will be amortized as a component of product revenue. The purchase price was allocated to the tangible and intangible assets acquired and liabilities assumed based on their preliminary fair value estimates as of the acquisition date. The measurements of assets acquired and liabilities assumed, other than debt which was measured using Level 2 measurements, are based on inputs that are not observable in the market and thus represent Level 3 inputs. The excess of the purchase price over such fair values was recorded as goodwill. Due to the proximity of the Merger to the quarter end of June 30, 2020, the purchase price allocation is based upon a preliminary valuation only and will be finalized upon completion of certain valuation procedures. Our estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). The primary areas in which the preliminary purchase price allocation is not yet finalized relate to the fair values of certain tangible assets acquired and liabilities assumed, the valuation of intangible assets acquired, certain working capital items, deferred income taxes and residual goodwill. We will complete the purchase price allocation and valuation during the 12-month period following the Merger date. The following table provides the preliminary allocation of the purchase price as of the acquisition date. (in thousands) Cash and cash equivalents $ 57,588 Receivables 364,199 Inventories 341,938 Prepaid expenses and other current assets 75,806 Property, plant, and equipment 740,607 Identifiable intangible assets (1) 260,000 Other non-current assets 152,916 Total identifiable assets acquired 1,993,054 Accounts payable 162,848 Other current liabilities 186,730 Long-term debt (2) 537,000 Deferred tax liabilities 95,651 Other liabilities 81,962 Total liabilities assumed 1,064,191 Net identifiable assets acquired 928,863 Add: Negative fair value of non-controlling interests 16,015 Goodwill 352,017 Total net assets acquired $ 1,296,895 _______________________ (1) The fair value of the consideration transferred related to the Favorable supply agreements has been excluded. (2) In connection with the Merger, we assumed a term loan from legacy ChampionX. See Note 6—Debt for further information. Summary of Significant Fair Value Methods Inventories Acquired inventory is comprised of raw materials and finished goods. The preliminary fair value of finished goods was calculated as the estimated selling price, adjusted for costs of the selling effort and a reasonable profit allowance relating to the selling effort. The preliminary fair value of raw materials and supplies was determined based on replacement cost which approximates historical carrying value. The preliminary fair value step-up of $13.6 million of inventories measured on a First In First Out (“FIFO”) basis is amortized to “Cost of goods and services” in the condensed consolidated financial statements as the inventory is sold, which is expected to be a period of two months from the acquisition date. For inventories measured on a Last In First Out (“LIFO”) basis, the acquired inventory becomes the LIFO base layer inventory. Property, Plant, and Equipment The preliminary fair value of identifiable fixed assets was calculated using a combination of valuation approaches, primarily including the cost approach which adjusts estimates of replacement cost for the age, condition and utility of the associated assets, as well as the market approach to value asset types where market comparable data is available, and is summarized below: (in thousands) Fair Value Useful Life (years) Land and land improvements $ 132,466 - Buildings and leasehold improvements 201,001 5 to 40 Machinery, equipment and other 385,244 3 to 20 Capitalized software and computer hardware 21,896 3 to 7 Total property, plant, and equipment acquired $ 740,607 Identifiable Intangible Assets The preliminary fair values of trademarks, trade names, and developed technology were determined using a relief from royalty methodology which estimates cost savings generated by a company related to the ownership of an asset for which otherwise have had to pay royalties or license fees on revenues earned through the use of the asset. Customer relationships were determined using the multi-period excess earnings method which involves isolating the net earnings attributable to the asset being measured based on the present value of the incremental after-tax cash flows attributable solely to the intangible assets over its remaining useful life. Preliminary fair values are summarized below: (in thousands) Fair Value Useful Life (years) Trademarks and trade names $ 25,000 15 Developed technology 110,000 7 Customer relationships 125,000 15 Total identifiable intangible assets acquired 260,000 Favorable supply agreements 55,000 3 Total identifiable intangible assets recognized $ 315,000 The weighted average amortization period for identifiable intangible assets acquired is 11.6 years . The amortization period of the favorable supply agreements is three years . Leases Lease-related assets and liabilities acquired were remeasured at the present value of the future minimum lease payments over the remaining lease term utilizing an updated incremental borrowing rate of the Company as if the acquired leases were new leases as of the acquisition date. Right of use assets were further adjusted for any off-market terms of the lease. The remaining lease term is based on the remaining term at the acquisition date plus any renewal or extension options that the Company is reasonably certain will be exercised. Additionally, the Company has elected short-term lease treatment for those acquired lease contracts which, at the acquisition date, have a remaining lease term of 12 months or less. For the leases acquired through the Merger, the Company will retain the previous lease classification. This resulted in legacy ChampionX assets and liabilities of $ 99.9 million and $ 93.2 million , respectively, as of the acquisition date. Goodwill Goodwill of $352.0 million arising from the acquisition consisted largely of the expected synergies and economies of scale from combining the operations of the Company and legacy ChampionX. Goodwill recognized as a result of the acquisition is not deductible for tax purposes. We have allocated goodwill of $270.5 million and $81.5 million to our Production Chemical Technologies and Reservoir Chemical Technologies operating segments, respectively. See Note 5—Goodwill And Intangible Assets for a rollforward of our goodwill balance by operating segment. Pro forma financial information The results of operations for legacy ChampionX that have been included in our condensed consolidated financial statements from the June 3, 2020 acquisition date through June 30, 2020 include revenue of $163.2 million and net income of $7.3 million . The following unaudited pro forma results of operations have been prepared as though the Merger was completed on January 1, 2019. Pro forma amounts are based on the preliminary purchase price allocation of the acquisition and are not necessarily indicative of results that may be reported in the future. Non-recurring pro forma adjustments including acquisition-related costs directly attributable to the Merger are included within the reported pro forma revenue and net income (loss). Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share data) 2020 2019 2020 2019 Revenues $ 614,684 $ 891,001 $ 1,435,379 $ 1,767,503 Net income (loss) attributable to ChampionX (60,100 ) 57,078 (794,525 ) 109,879 Transactions with Ecolab

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDS Recently Adopted Accounting Standards Effective January 1, 2020, we adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016-13, “ Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments .” This update amends the impairment model to utilize an expected credit loss methodology in place of the incurred credit loss methodology for financial instruments. We applied the provisions of this ASU to our financial instruments, mostly consisting of trade receivables, as of January 1, 2020. We utilized the modified retrospective method of adoption; therefore, prior period amounts have not been adjusted and continue to be reflected in accordance with our historical accounting policies. As of January 1, 2020, we recorded a cumulative adjustment to retained earnings of $1.6 million , net of $0.5 million of income tax benefit. Our exposure to credit losses is primarily the result of product sales to our customers, resulting in trade receivables with payment terms generally ranging from 30 days to 90 days. We manage credit risk on trade receivables by transacting only with what management believes are financially secure customers. For our legacy Apergy operating companies, our expected loss allowance for accounts receivable is estimated utilizing a single loss rate, as our customer base generally has similar collectability risk characteristics. We develop our loss rate estimate based on historical collection experience, and current economic and market conditions. For our legacy ChampionX operating companies, we estimate our expected loss allowance for accounts receivable by analyzing accounts receivable balances by age and applying historical write-off and collection trend rates as well as current economic and market conditions. Specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. The following table provides a rollforward of our allowance for credit losses balance: (in thousands) Allowance for Credit Losses December 31, 2019 $ 8,072 Impact of adoption on January 1, 2020 2,042 Provision for expected credit losses 3,968 Accounts written off (1,834 ) Recoveries (52 ) Foreign currency translation (517 ) June 30, 2020 $ 11,679

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory, Net [Abstract]
Inventories	INVENTORIES Inventories consisted of the following: (in thousands) June 30, 2020 December 31, 2019 Raw materials $ 163,037 $ 50,099 Work in progress 9,890 13,325 Finished goods 385,208 175,774 558,135 239,198 Valuation adjustments (12,858 ) (12,067 ) LIFO adjustments (17,635 ) (15,789 ) Inventories, net $ 527,642 $ 211,342

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS During the first quarter of 2020, certain unprecedented events caused the rapid decline of several market indicators in the oil and gas industry. Decisions by the Organization of Petroleum Exporting Countries (“OPEC”) and other oil producing nations resulted in an oversupply of crude oil. Compounding this situation, demand for oil and gas commodities declined significantly as the world was impacted by the COVID-19 outbreak, which resulted in a sharp decline in crude oil prices. Consequently, our market capitalization was negatively impacted as a result of these market conditions and overall impact to our industry. Management determined that these events and their related impact to future revenues and cash flows constituted a triggering event in the first quarter of 2020, requiring us to perform a recoverability test of our long-lived assets and an interim impairment assessment of goodwill as of March 31, 2020. Goodwill The carrying amount of goodwill, including changes therein, by reporting segment is below: (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Total December 31, 2019 $ — $ 809,977 $ 101,136 $ — $ 911,113 Acquisition (1) 270,532 — — 81,485 $ 352,017 Impairment — (616,271 ) — — $ (616,271 ) Foreign currency translation 120 (2,600 ) — 2 $ (2,478 ) June 30, 2020 $ 270,652 $ 191,106 $ 101,136 $ 81,487 $ 644,381 _______________________ (1) See Note 2—Merger Transaction for additional information related to the acquisition completed during June 2020. Goodwill is not subject to amortization but is tested for impairment on an annual basis or more frequently if impairment indicators arise. During the first quarter of 2020, we performed a quantitative analysis for each of our reporting units to determine the existence of goodwill impairment and the amount of the impairment loss. In performing the quantitative assessment, we estimated the fair value of each of our reporting units using a combination of the income and market approaches, which determined that the fair values were less than the respective carrying values for our Artificial Lift and Automation reporting units. Our income-based valuation method determines the present value of estimated future cash flows to estimate the fair value of a reporting unit. Significant assumptions used in estimating our reporting unit fair values include: (i) annual revenue growth rates; (ii) operating margins; (iii) risk-adjusted discount rate; and (iv) terminal value determined using a long-term growth rate. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to the reporting unit. Given the unprecedented uncertainty of both short-term and long-term market conditions, we utilized a weighted-average projection for estimated future cash flows that consists of three estimated future cash flows scenarios with the following weightings: (i) low case scenario with a 40% weighting, (ii) base case scenario with a 40% weighting, and (iii) high case scenario with a 20% weighting. Under the market approach, we estimated a fair value based on comparable companies' market multiples of revenues and earnings before interest, taxes, depreciation and amortization and factored in a control premium. Finally, we compared our estimates of fair values to our March 31, 2020 total public market capitalization and assessed an implied control premium based on the 20-day average of our common stock. The reporting unit carrying values were adjusted based on the long-lived asset impairment assessment noted below. Financial and credit market volatility directly impacts our fair value measurement through the weighted average cost of capital used to determine a discount rate. During times of volatility, significant judgment must be applied to determine whether credit market changes are a short-term or long-term trend. We utilized discount rates of 14.5% and 16.5% for our Artificial Lift and Automation reporting units, respectively. During the first quarter of 2020, we recorded a $616.3 million impairment charge to goodwill, consisting of $539.2 million and $77.1 million in our Artificial Lift reporting unit and our Automation reporting unit, respectively. Both reporting units are within our Production & Automation Technologies reportable segment. The goodwill impairment charge includes $560.1 million of non-taxable goodwill, which was recognized as a discrete item in determining our effective tax rate for the period. We did not identify any triggering events at any of our reporting units during the second quarter of 2020. Long-lived Asset Impairment Long-lived assets, which include property, plant and equipment, right of use assets, and identified intangible assets, comprise a significant amount of our total assets. The Company makes judgments and estimates in conjunction with the carrying value of these assets, including amounts to be capitalized, depreciation and amortization methods and estimated useful lives. The negative market indicators described above, as well as the results of the previously mentioned fair value determinations of certain of our reporting units, were triggering events indicating that certain of our long-lived tangible and intangible assets may be impaired. We performed recoverability tests on our asset groups as of March 31, 2020, which indicated that long-lived assets associated with two of our asset groups within Production and Automation Technologies were not recoverable as the aggregate amount of estimated undiscounted cash flows of these asset groups was determined to be below their respective carrying values. We estimated the fair value of these intangible and fixed assets using an income approach that required us to make long-term forecasts of our future revenues and costs related to the assets subject to review. These forecasts utilized assumptions about demand for our products and services, future market conditions and technological developments. The forecasts are dependent upon assumptions including those regarding oil prices and the general outlook for the global oil and gas industry, among other factors. Financial and credit market volatility directly impacts our fair value measurement through our income forecast. Changes to these assumptions, including, but not limited to: variability of spot and futures prices for crude oil; sustained declines in worldwide rig counts below current analysts’ forecasts; significant deterioration of external financing for our customers; higher risk premiums or higher cost of equity; or any other significant adverse economic news could require a provision for impairment. Accordingly, the estimated fair value of each of these asset groups was below their respective carrying value and as a result, we recorded a long-lived asset impairment charge of $41.0 million in the first quarter of 2020, consisting of $40.4 million to customer relationships and $0.6 million to trademarks. We did not identify impairment triggering events at any of our asset groups during the second quarter of 2020. The components of our definite- and indefinite-lived intangible assets were as follows: June 30, 2020 December 31, 2019 (in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Customer relationships (1) $ 568,818 $ 297,731 $ 271,087 $ 560,316 $ 353,189 $ 207,127 Trademarks (1) 59,855 25,564 34,291 35,695 24,830 10,865 Patents 38,125 27,923 10,202 38,436 26,838 11,598 Unpatented technologies 123,700 11,123 112,577 13,700 9,811 3,889 Favorable supply agreements (2) 54,926 1,356 53,570 — — — Drawings and manuals 1,719 1,719 — 2,558 1,758 800 Other 5,267 4,606 661 5,332 4,504 828 852,410 370,022 482,388 656,037 420,930 235,107 Indefinite-lived intangible assets: Trademarks 3,600 — 3,600 3,600 — 3,600 Total $ 856,010 $ 370,022 $ 485,988 $ 659,637 $ 420,930 $ 238,707 _______________________ (1) Includes impairment of customer relationship and trademark intangible assets of $40.4 million and $0.6 million , respectively, all of which relate to asset groups included within our Artificial Lift business. (2) Favorable supply agreements were entered into as part of the Merger transaction. See Note 2—Merger Transaction for further information.

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	DEBT Long-term debt consisted of the following: (in thousands) June 30, 2020 December 31, 2019 2018 Credit Facility $ — $ — 2018 Term Loan Facility 265,000 265,000 2020 Term Loan Facility 537,000 — 6.375% Senior Notes due 2026 300,000 300,000 Finance lease obligations 10,501 9,375 Total 1,112,501 574,375 Net unamortized discounts and issuance costs (9,118 ) (9,709 ) Total long-term debt $ 1,103,383 $ 564,666 Current portion of long-term debt (31,656 ) (4,845 ) Long-term debt, less current portion $ 1,071,727 $ 559,821 2018 Credit Facility On February 14, 2020, the Company entered into an amendment to its existing credit facility dated May 9, 2018 (as amended, the “2018 Credit Facility”), which (i) provided for the incurrence of an additional $150 million of revolving commitments under the 2018 Credit Facility, upon consummation of the Merger, (ii) permitted the consummation of the Merger and the incurrence of a senior secured term loan facility (“2020 Term Loan Facility”) in an aggregate amount up to $537 million by legacy ChampionX, and (iii) continued to provide that all obligations under the 2018 Credit Facility continue to be guaranteed by certain of the Company’s wholly-owned U.S. subsidiaries, including upon the consummation of the Merger, certain legacy ChampionX wholly owned U.S. subsidiaries. The weighted average interest rate on borrowings during the period was 3.16% . 2020 Term Loan Facility On June 3, 2020, legacy ChampionX entered into a term loan facility for $537.0 million (“2020 Term Loan Facility”). Proceeds from the 2020 Term Loan Facility were utilized to fund a cash payment of $527.4 million from legacy ChampionX to Ecolab upon the completion of the Merger. We assumed the 2020 Term Loan Facility upon completion of the Merger, which is fully and unconditionally guaranteed by the Company and certain of its wholly-owned domestic subsidiaries, which also guarantee the obligations under the 2018 Credit Facility. The 2020 Term Loan Facility matures at the earlier of (i) June 3, 2027 or (ii) January 30, 2026 in the event the Company’s senior unsecured notes due May 1, 2026 remain outstanding. Amounts outstanding under the 2020 Term Loan Facility bear interest, at the option of the Company, at a rate equal to (a) LIBOR plus 5.0% for eurocurrency rate loans (to the extent LIBOR is less than 1% , the LIBOR rate will be deemed to be 1% ) or (b) the highest of (i) the Federal Funds Rate plus 1/2 of 1%, (ii) the “prime rate” quoted by Bank of America, N.A., (iii) LIBOR plus 1.00% and (iv) 1.00% , plus 4.0% . The 2020 Term Loan Facility contains customary representations and warranties, covenants, and events of default for loan facilities of this type. The weighted average interest rate on borrowings during the period was 6.18% . The term loan is subject to mandatory amortization payments of $6.7 million paid quarterly, beginning on September 30, 2020. Any voluntary prepayment of the 2020 Term Loan Facility which occurs prior to June 3, 2022, is subject to a make-whole prepayment premium on the aggregate prepaid principal amount of the 2020 Term Loan Facility. Senior Notes ChampionX has senior notes outstanding, the payment obligations of which are fully and unconditionally guaranteed by certain wholly owned subsidiaries of ChampionX on a joint and several basis. On June 18, 2020, the wholly-owned subsidiaries of legacy ChampionX that guarantee the 2018 Credit Facility and the 2020 Term Loan Facility, delivered a Supplemental Indenture to join as guarantors of the senior notes.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES The Company is subject to various claims and contingencies related to, among other things, workers’ compensation, general liability (including product liability), automobile claims, health care claims, environmental matters and lawsuits. We record liabilities where a contingent loss is probable and can be reasonably estimated. If the reasonable estimate of a probable loss is a range, the Company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. In accordance with applicable GAAP, the Company discloses a contingent liability even if the liability is not probable or the amount is not estimable, or both, if there is a reasonable possibility that a material loss may have been incurred. Guarantees and Indemnifications We have provided indemnities in connection with sales of certain businesses and assets, including representations and warranties, covenants and related indemnities for environmental health and safety, tax and employment matters. We do not have any material liabilities recorded for these indemnifications and are not aware of any claims or other information that would give rise to material payments under such indemnities. In connection with the Company’s separation from Dover Corporation (“Dover”) in 2018 (the “Separation”), we entered into agreements with Dover that govern the treatment between Dover and us for certain indemnification matters and litigation responsibility. Generally, the separation and distribution agreement provides for cross-indemnities principally designed to place financial responsibility for the obligations and liabilities of our business with us and to place financial responsibility for the obligations and liabilities of Dover’s business with Dover. The separation and distribution agreement also establishes procedures for handling claims subject to indemnification and related matters. In addition, pursuant to the tax matters agreement, we have agreed to indemnify Dover and its affiliates against any and all tax-related liabilities incurred by them relating to the Separation and/or certain related transactions to the extent caused by an acquisition of ChampionX stock or assets or by any other action or failure to act undertaken by ChampionX or its affiliates. Pursuant to the provisions of the tax matters agreement with Dover, we recorded an indemnification liability of $3.4 million as of December 31, 2019, with respect to certain liabilities related to tax audits for the 2012-2016 tax years. We received notification in February 2020 that the tax audits and related assessments were completed, resulting in a final settlement amount of $3.0 million , which was paid in April 2020. In connection with the Merger, we entered into agreements with Ecolab that govern the treatment between Ecolab and us for certain indemnification matters and litigation responsibility. Generally, the separation and distribution agreement provides for cross-indemnities principally designed to place financial responsibility for the obligations and liabilities of our business with us and to place financial responsibility for the obligations and liabilities of Ecolab’s business with Ecolab. The separation and distribution agreement also establishes procedures for handling claims subject to indemnification and related matters. In addition, pursuant to the Tax Matters Agreement, we have agreed to indemnify Ecolab and its affiliates for (i) all taxes for which ChampionX is responsible as defined within the Tax Matters Agreement, (ii) all taxes resulting from a breach by ChampionX of any of its representations (but only to the extent relating to a breach occurring after the consummation of the Merger) or any of its covenants under the Tax Matters Agreement, (iii) all taxes resulting from an acquisition after the Merger of any of the stock or assets of ChampionX, other than as a result of the Merger or a repayment of the ChampionX Credit Facilities and (iv) reasonable costs and expenses (including reasonable attorneys’ fees and expenses) related to the foregoing. As of June 30, 2020 and December 31, 2019 , we had $50.3 million and $15.7 million , respectively, of outstanding letters of credit, surety bonds and guarantees which expire at various dates through 2025. These financial instruments are primarily maintained as security for insurance, warranty and other performance obligations. Generally, we would only be liable for the amount of these letters of credit and surety bonds in the event of default in the performance of our obligations, the probability of which we believe is remote. Litigation and Environmental Matters We are involved in various pending or potential lawsuits, claims and environmental actions that have arisen in the ordinary course of our business. These proceedings primarily involve claims by private parties alleging injury arising out of use of our products, patent infringement, employment matters, and commercial disputes, as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites, such as Superfund sites and either operating or owned facilities. We review the probable outcome of such proceedings, the costs and expenses reasonably expected to be incurred and accrued to-date, and the availability and extent of insurance coverage. We accrue a liability for legal matters that are probable and can be reasonably estimated. If the reasonable estimate of a probable loss is a range, the Company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. We are unable to predict the ultimate outcome of these actions because of the inherent uncertainty of litigation and unfavorable rulings or developments could occur, and there can be no certainty that the Company may not ultimately incur changes in excess of recorded liabilities. However, we believe the most probable, ultimate resolution of these matters will not have a material adverse effect on our condensed consolidated financial position, results of operations or cash flows. Environmental Matters The Company is currently participating in environmental assessments and remediation at approximately 8 locations, the majority of which are in the U.S., and environmental liabilities have been accrued reflecting our best estimate of future costs. Potential insurance reimbursements are not anticipated in the Company’s accruals for environmental liabilities. As of June 30, 2020 environmental liability accruals related to these locations were $9.0 million . Prior to the Separation, groundwater contamination was discovered at the Norris Sucker Rods plant site located in Tulsa, Oklahoma ("Norris"). Initial remedial efforts were undertaken at the time of discovery of the contamination and Norris has since coordinated monitoring and remediation with the Oklahoma Department of Environmental Quality ("ODEQ"). As part of the ongoing long-term remediation process, Norris contracted an engineering and consulting firm to develop a range of possible additional remedial alternatives in order to accelerate the remediation process and associated cost estimates for the work. In October 2019, we received the firm’s preliminary remedial alternatives for consideration. Now that we have such recommendations, we have begun discussions with ODEQ regarding our proposed long-term remediation plan. The plan is subject to ODEQ’s review, input, and approval. Because we have not yet finalized a plan for further remediation at the site and discussions with ODEQ remain ongoing, we cannot fully anticipate the timing, outcome or possible impact of such further remedial activities, financial or otherwise. As a result of the recommendations in the report, we accrued liabilities for these remediation efforts of approximately $2.0 million as of December 31, 2019 . Liabilities could increase in the future at such time as we ultimately reach agreement with ODEQ on our remediation plan and such liabilities become probable and can be reasonably estimated, however, there have been no changes to our estimated liability as of June 30, 2020 . Matters Related to Deepwater Horizon Incident Response On April 22, 2010, the deepwater drilling platform, the Deepwater Horizon, operated by a subsidiary of BP plc, sank in the Gulf of Mexico after a catastrophic explosion and fire that began on April 20, 2010. A massive oil spill resulted. Approximately one week following the incident, subsidiaries of BP plc, under the authorization of the responding federal agencies, formally requested certain entities that are now subsidiaries of ChampionX as a result of the Merger (collectively the “COREXIT Defendants”) to supply large quantities of COREXIT™ 9500, an oil dispersant product listed on the U.S. EPA National Contingency Plan Product Schedule. The COREXIT Defendants responded immediately by providing available COREXIT™ and increasing production to supply the product to BP’s subsidiaries for use, as authorized and directed by agencies of the federal government throughout the incident. Prior to the incident, the COREXIT Defendants had not provided products or services or otherwise had any involvement with the Deepwater Horizon platform. On July 15, 2010, BP announced that it had capped the leaking well, and the application of dispersants by the responding parties ceased shortly thereafter. ​ On May 1, 2010, the President of the United States appointed retired U.S. Coast Guard Commandant Admiral Thad Allen to serve as the National Incident Commander in charge of the coordination of the response to the incident at the national level. The EPA directed numerous tests of all the dispersants on the National Contingency Plan Product Schedule, including those provided by the COREXIT Defendants, “to ensure decisions about ongoing dispersant use in the Gulf of Mexico are grounded in the best available science.” The COREXIT Defendants cooperated with this testing process and continued to supply COREXIT™, as requested by BP and government authorities. The use of dispersants by the responding parties was one tool used by the government and BP to avoid and reduce damage to the Gulf area from the spill. ​ In connection with its provision of COREXIT™, the COREXIT Defendants have been named in several lawsuits as described below. ​ Cases arising out of the Deepwater Horizon accident were administratively transferred for pre-trial purposes to a judge in the United States District Court for the Eastern District of Louisiana (the “Court”) with other related cases under In Re: Oil Spill by the Oil Rig “Deepwater Horizon” in the Gulf of Mexico, on April 20, 2010, Case No. 10-md-02179 (E.D. La.) (“MDL 2179”). The COREXIT Defendants were named, along with other unaffiliated defendants, in six putative class action complaints related to the Deepwater Horizon oil spill and 21 complaints filed by individuals. Those complaints were consolidated in MDL 2179. The complaints generally allege, among other things, strict liability and negligence relating to the use of COREXIT™ dispersant in connection with the Deepwater Horizon oil spill. ​ Pursuant to orders issued by the Court in MDL 2179, the claims were consolidated in several master complaints, including one naming the COREXIT Defendants and others that responded to the Deepwater Horizon oil spill (known as the “B3 Master Complaint”). On May 18, 2012, the COREXIT Defendants filed a motion for summary judgment against the claims in the B3 Master Complaint, on the grounds that: (i) the plaintiffs’ claims are preempted by the comprehensive oil spill response scheme set forth in the Clean Water Act and National Oil and Hazardous Substances Pollution Contingency Plan (the “National Contingency Plan”); and (ii) the COREXIT Defendants are entitled to derivative immunity from suit. On November 28, 2012, the Court granted the COREXIT Defendants’ motion and dismissed with prejudice the claims in the B3 Master Complaint asserted against the COREXIT Defendants. The Court held that such claims were preempted by the Clean Water Act and National Contingency Plan. Because claims in the B3 Master Complaint remained pending against other defendants, the Court’s decision was not a “final judgment” for purposes of appeal. Under Federal Rule of Appellate Procedure 4(a), plaintiffs will have 30 days after entry of final judgment to appeal the Court’s decision. The COREXIT Defendants, the incident defendants and the other responder defendants have been named as first party defendants by Transocean Deepwater Drilling, Inc. and its affiliates (the “Transocean Entities”) (In re the Complaint and Petition of Triton Asset Leasing GmbH, et al, MDL No. 2179, Civil Action 10-2771). In April and May 2011, the Transocean Entities, Cameron International Corporation, Halliburton Energy Services, Inc., M-I L.L.C., Weatherford U.S., L.P. and Weatherford International, Inc. (collectively, the “Cross Claimants”) filed cross claims in MDL 2179 against the COREXIT Defendants and other unaffiliated cross defendants. The Cross Claimants generally allege, among other things, that if they are found liable for damages resulting from the Deepwater Horizon explosion, oil spill and/or spill response, they are entitled to indemnity or contribution from the cross defendants. ​ In April and June 2011, in support of its defense of the claims against it, the COREXIT Defendants filed counterclaims against the Cross Claimants. In its counterclaims, the COREXIT Defendants generally allege that if they are found liable for damages resulting from the Deepwater Horizon explosion, oil spill and/or spill response, they are entitled to contribution or indemnity from the Cross Claimants. ​ In May 2016, the COREXIT Defendants were named in nine additional complaints filed by individuals alleging, among other things, business and economic loss resulting from the Deepwater Horizon oil spill (“B1” claims). In April 2017, the COREXIT Defendants were named in two additional complaints filed by individuals alleging, among other things, business and economic loss resulting from the Deepwater Horizon oil spill. The plaintiffs in these lawsuits are generally seeking awards of unspecified compensatory and punitive damages, and attorneys’ fees and costs. These actions have been consolidated in MDL 2179. On February 22, 2017, the Court dismissed the B3 Master Complaint and ordered that plaintiffs who had previously filed a claim that fell within the scope of the B3 Master Complaint and who had “opted out” of and not released their claims under the Medical Benefits Class Action Settlement either: (1) complete a sworn statement indicating, among other things, that they opted out of the Medical Benefits Class Action Settlement (to be completed by plaintiffs who previously filed an individual complaint); or (2) file an individual lawsuit attaching the sworn statement as an exhibit, by a deadline date set by the Court. ​ On July 10, 2018, the Court entered an order dismissing the “B1” claims against the COREXIT Defendants. In light of the Court’s orders dismissing various B3 and “B1” claims in their entirety, for most plaintiffs the Court’s November 28, 2012 grant of summary judgment for the COREXIT Defendants is now final and the deadline to appeal has passed. On October 23, 2018, a plaintiff filed a new B3 complaint against the COREXIT Defendants and other unaffiliated defendants generally alleging, among other things, negligence and gross negligence related to the use of COREXIT™ dispersant in connection with the Deepwater Horizon oil spill. The complaint was consolidated in MDL 2179. There currently remain three cases pending against the COREXIT Defendants relating to the Deepwater Horizon oil spill, all of which are expected to ultimately be dismissed pursuant to the Court’s November 28, 2012 order granting the COREXIT Defendants’ motion for summary judgment. ​ The Company believes the claims asserted against the COREXIT Defendants are without merit and intends to defend these lawsuits vigorously. The Company also believes that it has rights to contribution and/or indemnification (including legal expenses) from third parties. However, we cannot predict the outcome of these lawsuits, the involvement it might have in these matters in the future, or the potential for future litigation.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Loss	ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss —Accumulated other comprehensive loss consisted of the following: (in thousands) Foreign Currency Translation Defined Pension and Other Post-Retirement Benefits Cash Flow Hedges Accumulated Other Comprehensive Loss December 31, 2018 $ (36,146 ) $ (6,760 ) $ — $ (42,906 ) Other comprehensive income (loss) before reclassifications, net of tax 1,090 (323 ) — 767 Reclassification adjustment for net losses included in net income, net of tax — 422 — 422 Other comprehensive income, net of tax 1,090 99 — 1,189 March 31, 2019 $ (35,056 ) $ (6,661 ) $ — $ (41,717 ) Other comprehensive income (loss) before reclassifications, net of tax 974 — — 974 Reclassification adjustment for net losses included in net income, net of tax — 68 — 68 Other comprehensive income (loss), net of tax 974 68 — 1,042 June 30, 2019 $ (34,082 ) $ (6,593 ) $ — $ (40,675 ) (in thousands) Foreign Currency Translation Defined Pension and Other Post-Retirement Benefits Cash Flow Hedges Accumulated Other Comprehensive Loss December 31, 2019 $ (35,210 ) $ (8,827 ) $ — $ (44,037 ) Other comprehensive loss before reclassifications, net of tax (11,052 ) — — (11,052 ) Reclassification adjustment for net losses included in net income, net of tax — 99 — 99 Other comprehensive income (loss), net of tax (11,052 ) 99 — (10,953 ) March 31, 2020 $ (46,262 ) $ (8,728 ) $ — $ (54,990 ) Other comprehensive income before reclassifications, net of tax 5,703 — 653 6,356 Reclassification adjustment for net losses included in net income, net of tax — 99 — 99 Other comprehensive income, net of tax 5,703 99 653 6,455 June 30, 2020 $ (40,559 ) $ (8,629 ) $ 653 $ (48,535 ) Reclassifications from accumulated other comprehensive loss —Reclassification adjustments from accumulated other comprehensive loss to net income (loss) related to defined pension and other post-retirement benefits consisted of the following: Three Months Ended June 30, Six Months Ended June 30, Affected line items on the condensed consolidated statements of income (loss) (in thousands) 2020 2019 2020 2019 Pensions and other post-retirement benefits: Amortization of actuarial loss and other $ 132 $ 92 $ 264 $ 183 Other (income) expense, net Settlement loss — — — 486 Other (income) expense, net Total before tax 132 92 264 669 Income (loss) before income taxes Tax benefit (33 ) (24 ) (66 ) (179 ) Provision for (benefit from) income taxes Net of tax $ 99 $ 68 $ 198 $ 490 Net income (loss)

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE A reconciliation of the number of shares used for the basic and diluted earnings (loss) per share calculation was as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share data) 2020 2019 2020 2019 Net income (loss) attributable to ChampionX $ (109,645 ) $ 22,937 $ (743,373 ) $ 42,593 Weighted-average number of shares outstanding 115,149 77,425 96,313 77,394 Dilutive effect of stock-based compensation — 207 — 242 Total shares and dilutive securities 115,149 77,632 96,313 77,636 Basic earnings (loss) per share attributable to ChampionX $ (0.95 ) $ 0.30 $ (7.72 ) $ 0.55 Diluted earnings (loss) per share attributable to ChampionX $ (0.95 ) $ 0.30 $ (7.72 ) $ 0.55 For all periods presented, the computation of diluted earnings (losses) per share excludes awards with an anti-dilutive impact. For periods in which we experience a net loss from continuing operations, all potential common shares have been excluded from the calculation of weighted-average shares outstanding, because inclusion would be anti-dilutive. The average number of awards excluded from diluted earnings (loss) per share that would potentially dilute earnings per share in the future were as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Potentially dilutive securities excluded as anti-dilutive 976 422 770 348

Revenue

Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE Our revenue is generated primarily from product sales. Service revenue is generated from providing services to our customers. These services include laboratory and logistics services, chemical management services, troubleshooting, reporting, water treatment services, technical advisory assistance and field services. Lease revenue is derived from rental income of leased production equipment and is recognized ratably over the lease term. We do not track cost of goods sold separately for all of our revenue streams. Within our Production & Automation Technologies and Drilling Technologies segments, substantially all of our performance obligations are recognized at a point in time and are primarily related to our product revenue derived from the sale of drilling and production equipment. Revenue is recognized when control transfers to the customer upon shipment or completion of installation, testing, or certification as required under the contract. Within our Production Chemical Technologies and Reservoir Chemical Technologies segments, revenue recognized from the sale of products and equipment is recognized at the point in time when the obligations in the contract with the customer are satisfied, which generally occurs with the transfer of the product or delivery of the equipment. Disaggregation of Revenue Revenue disaggregated by revenue type was as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Production Chemical Technologies: Product revenue $ 119,467 $ — $ 119,467 $ — Service revenue 16,232 — 16,232 — Lease and other revenue 303 — 303 — Total Production Chemical Technologies revenue $ 136,002 $ — $ 136,002 $ — Production & Automation Technologies: Product revenue $ 82,350 $ 199,330 $ 250,873 $ 387,747 Service revenue 19,497 24,052 44,388 47,863 Lease and other revenue 12,894 12,437 24,959 23,168 Total Production & Automation Technologies revenue $ 114,741 $ 235,819 $ 320,220 $ 458,778 Drilling Technologies Product revenue $ 20,948 $ 70,340 $ 76,870 $ 147,875 Service revenue — 11 33 11 Total Drilling Technologies revenue $ 20,948 $ 70,351 $ 76,903 $ 147,886 Reservoir Chemical Technologies: Product revenue $ 9,239 $ — $ 9,239 $ — Service revenue 67 — 67 — Total Reservoir Chemical Technologies revenue $ 9,306 $ — $ 9,306 $ — Corporate and other: (1) Product revenue $ 16,867 $ — $ 16,867 $ — Service revenue 1,050 — 1,050 — Total Corporate and other revenue $ 17,917 $ — $ 17,917 $ — Total Revenue: Product revenue $ 248,871 $ 269,670 $ 473,316 $ 535,622 Service revenue 36,846 24,063 61,770 47,874 Lease and other revenue 13,197 12,437 25,262 23,168 Total revenue $ 298,914 $ 306,170 $ 560,348 $ 606,664 _______________________ (1) Revenue generated from the Cross Supply and Product Transfer Agreement with Ecolab is recorded to Corporate. See Note 2—Merger Transaction for additional information on this arrangement. Revenue disaggregated by geography was as follows: Three Months Ended June 30, 2020 (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Corporate Total United States $ 41,753 $ 83,153 $ 13,894 $ 4,275 $ 11,932 155,007 Canada 15,961 3,998 443 131 62 20,595 Middle East 28,148 10,262 82 2,887 2,436 43,815 Europe 17,144 1,318 1,904 273 1,227 21,866 Australia 1,884 12,313 23 11 — 14,231 Latin America 25,035 3,154 — 488 490 29,167 Asia-Pacific 3,692 1,295 4,170 273 1,770 11,200 Other 2,385 (752 ) 432 968 — 3,033 Total revenue $ 136,002 $ 114,741 $ 20,948 $ 9,306 $ 17,917 $ 298,914 Six Months Ended June 30, 2020 (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Corporate Total United States $ 41,753 $ 237,581 $ 54,834 $ 4,275 $ 11,932 350,375 Canada 15,961 17,122 5,271 131 62 38,547 Middle East 28,148 22,166 540 2,887 2,436 56,177 Europe 17,144 7,658 7,595 273 1,227 33,897 Australia 1,884 21,535 69 11 — 23,499 Latin America 25,035 10,714 22 488 490 36,749 Asia-Pacific 3,692 3,272 7,678 273 1,770 16,685 Other 2,385 172 894 968 — 4,419 Total revenue $ 136,002 $ 320,220 $ 76,903 $ 9,306 $ 17,917 $ 560,348 Three Months Ended June 30, 2019 (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Corporate Total United States $ — $ 182,592 $ 54,461 $ — $ — $ 237,053 Canada — 11,800 4,071 — — 15,871 Middle East — 14,016 423 — — 14,439 Europe — 5,069 8,022 — — 13,091 Australia — 8,025 — — — 8,025 Latin America — 9,383 (5 ) — — 9,378 Asia-Pacific — 4,679 3,188 — — 7,867 Other — 255 191 — — 446 Total revenue $ — $ 235,819 $ 70,351 $ — $ — $ 306,170 Six Months Ended June 30, 2019 (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Corporate Total United States $ — $ 358,235 $ 110,176 $ — $ — $ 468,411 Canada — 25,701 9,085 — — 34,786 Middle East — 27,410 633 — — 28,043 Europe — 9,854 20,196 — — 30,050 Australia — 14,007 — — — 14,007 Latin America — 17,101 — — — 17,101 Asia-Pacific — 6,068 7,343 — — 13,411 Other — 402 453 — — 855 Total revenue $ — $ 458,778 $ 147,886 $ — $ — $ 606,664 Revenue is attributed to regions based on the location of our direct customer, which in some instances is an intermediary and not necessarily the end user. Contract balances Contract assets and contract liabilities from contracts with customers were as follows: (in thousands) June 30, 2020 December 31, 2019 Contract assets $ 6 $ 285 Contract liabilities - current 16,369 6,148

Restructuring and Other Related

Restructuring and Other Related Charges	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Charges	RESTRUCTURING AND OTHER RELATED CHARGES Restructuring and other related charges as classified in our condensed consolidated statements of income (loss) were as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Segment restructuring charges: Production & Automation Technologies $ 8,334 $ 660 $ 9,005 $ 1,070 Drilling Technologies 3,426 — 5,521 — Corporate 368 — 368 — Total $ 12,128 $ 660 $ 14,894 $ 1,070 Statements of Income (Loss) classification: Cost of goods and services $ 8,707 $ 319 $ 10,746 $ 398 Selling, general and administrative expense 3,421 341 4,148 672 Total $ 12,128 $ 660 $ 14,894 $ 1,070 Restructuring and other related charges during the three and six months ended June 30, 2020 included the following programs, which were substantially completed at the end of the period: Production & Automation Technologies. Production & Automation Technologies incurred restructuring charges of $8.3 million and $9.0 million during the three and six months ended June 30, 2020, respectively, related to various programs, primarily focused on facility closures and consolidations, exit of certain nonstrategic product lines, and workforce reductions. Drilling Technologies. Drilling Technologies incurred restructuring charges of $3.4 million and $5.5 million during the three and six months ended June 30, 2020, respectively, primarily due to costs associated with employee severance and related benefits as a result of workforce reductions and facility closures to better align the cost base with the significantly lower demand environment. The following table details our restructuring accrual activities during the six months ended June 30, 2020 : (in thousands) Restructuring Accrual Balance December 31, 2019 $ 130 Restructuring charges 7,543 Payments (9,233 ) Liabilities assumed in the Merger 4,843 Other, including foreign currency translation (7 ) June 30, 2020 $ 3,276 Our liability balance for restructuring and other related charges at June 30, 2020 , reflects employee severance and related benefits initiated during the period as well as liabilities assumed in the Merger. Additional programs may be initiated during 2020 with related restructuring charges.

Equity and Cash Incentive Progr

Equity and Cash Incentive Programs	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Equity and Cash Incentive Programs	EQUITY AND CASH INCENTIVE PROGRAMS Stock-based compensation expense is reported within “Selling, general and administrative expense” in the condensed consolidated statements of income (loss). Stock-based compensation expense relating to all stock-based incentive plans was as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Stock-based compensation expense $ 5,433 $ 2,736 $ 7,862 $ 5,021 Tax benefit (1,203 ) (668 ) (1,802 ) (1,226 ) Stock-based compensation expense, net of tax $ 4,230 $ 2,068 $ 6,060 $ 3,795 A summary of activity relating to our share-based awards for the six months ended June 30, 2020 , was as follows: (in shares) Stock-Settled Appreciation Rights Performance Share Awards Restricted Stock Units Non-Qualified Stock Options Outstanding at January 1, 2020 422,361 174,726 440,048 — Granted — 121,261 544,119 — Replacement awards (1) — — 2,357,733 7,324,853 Forfeited (7,030 ) (5,011 ) (23,046 ) — Exercised / vested — — (156,911 ) — Outstanding at June 30, 2020 415,331 290,976 3,161,943 7,324,853 _______________________ (1) In connection with the Merger, the Company entered into the Employee Matters Agreement dated December 18, 2019, which provided the terms in which certain Ecolab share-based awards held by legacy ChampionX employees were replaced with share-based awards of the Company on the merger date. The fair value of the replacement awards has been allocated between each employee’s pre-combination and post-combination services. Amounts allocated to pre-combination services have been included as consideration transferred as part of the Merger. See Note 2—Merger Transaction for a summary of consideration transferred. Compensation costs of $15.8 million allocated to post-combination services will be recorded as stock-based compensation expense over each employees’ remaining service period.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. A hierarchy has been established for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring the most observable inputs be used when available. The hierarchy is broken down into three levels: ​ Level 1 - Inputs are quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities. ​ Level 2 - Inputs include observable inputs other than quoted prices in active markets. ​ Level 3 - Inputs are unobservable inputs for which there is little or no market data available. ​ The carrying amount and the estimated fair value for assets and liabilities measured on a recurring basis are as follows: June 30, 2020 Carrying Amount Fair Value Measurements (in thousands) Level 1 Level 2 Level 3 Assets Foreign currency forward contracts $ 1,334 $ — $ 1,334 $ — Liabilities Foreign currency forward contracts $ 1,414 $ — $ 1,414 $ — The carrying value of foreign currency forward contracts is at fair value, which is determined based on foreign currency exchange rates as of the balance sheet date and is classified within Level 2. For purposes of fair value disclosure above, derivative values are presented gross. See Note 14—Derivatives And Hedging Transactions for further discussion of gross versus net presentation of the Company's derivatives. The carrying amounts of cash and cash equivalents, trade receivables, accounts payable, as well as amounts included in other current assets and other current liabilities that meet the definition of financial instruments, approximate fair value due to their short-term nature. The fair value of our senior notes is based on Level 1 quoted market prices. The fair value of our term loan facilities are based on Level 2 quoted market prices for the same or similar debt instruments. The carrying amount and the estimated fair value of long-term debt, including current maturities, held by the Company were: June 30, 2020 December 31, 2019 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value 2018 Term Loan Facility $ 265,000 $ 253,904 $ 265,000 $ 266,161 2020 Term Loan Facility $ 537,000 $ 528,274 $ — $ — 6.375% Senior Notes due 2026 $ 300,000 $ 279,396 $ 300,000 $ 316,710 We consider the inputs for our long-lived asset and goodwill impairment calculations to be Level 3 inputs in the fair value hierarchy. See Note 5—Goodwill And Intangible Assets for further information.

Derivatives and Hedging Transac

Derivatives and Hedging Transactions	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Transactions	DERIVATIVES AND HEDGING TRANSACTIONS The Company uses foreign currency forward contracts to manage risks associated with foreign currency exchange rates. The Company does not hold derivative financial instruments of a speculative nature or for trading purposes. Derivative contracts are recorded as assets and liabilities on the balance sheet at fair value. We evaluate hedge effectiveness at contract inception and thereafter on a quarterly basis. If a derivative is no longer expected to be effective, hedge accounting is discontinued. Changes in fair value are recognized immediately in earnings unless the derivative qualifies and is designated as a hedge. Changes in fair value attributable to changes in spot exchange rates for derivative contracts that have been designated as cash flow hedges are recognized in accumulated other comprehensive income (loss) and reclassified into earnings in the same period the hedged transaction affects earnings and are presented in the same income statement line as the earnings effect of the hedged item. Cash flows from derivatives are classified in the statement of cash flows in the same category as the cash flows from the items subject to designated hedge or undesignated (economic) hedge relationships. The Company is exposed to credit risk in the event of nonperformance of counterparties for foreign currency forward exchange contracts. We monitor our exposure to credit risk by using major global banks and financial institutions as counterparties and monitoring their financial condition and credit profile. The Company does not anticipate nonperformance by any of these counterparties, and therefore, recording a valuation allowance against the Company’s derivative balance is not considered necessary. Derivative Positions Summary Certain of the Company’s derivative transactions are subject to master netting arrangements that allow the Company to settle with the same counterparties. These arrangements generally do not call for collateral and as of the applicable dates presented in the following table, no cash collateral had been received or pledged related to the underlying derivatives. We have elected to present our derivative balances on a gross basis on the condensed consolidated balance sheet. The following table summarizes the gross fair value of the Company’s outstanding derivatives and the lines in which they are presented on the condensed consolidated balance sheet. We did not have outstanding derivatives at December 31, 2019: June 30, 2020 (in thousands) Derivative Assets Derivative Liabilities Prepaid expenses and other current assets $ 1,334 $ — Accrued expenses and other current liabilities — 1,414 $ 1,334 $ 1,414 The following table summarizes the notional values of the Company’s outstanding derivatives: (in thousands) June 30, 2020 December 31, 2019 Notional value of foreign currency forward contracts $ 345,738 $ — Cash Flow Hedges The Company utilizes foreign currency forward contracts to hedge the effect of foreign currency exchange rate fluctuations on forecasted foreign currency transactions, primarily related to inventory purchases. These forward contracts are designated as cash flow hedges. The changes in fair value of these contracts attributable to changes in spot exchange rates are recorded in accumulated other comprehensive income (loss) (“ AOCI”) until the hedged items affect earnings, at which time the gain or loss is reclassified into the same line item in the condensed consolidated statements of income (loss) as the underlying exposure being hedged. The forward points are marked-to-market monthly and recognized in the same line item in the condensed consolidated statement of income as the underlying exposure being hedged. Derivatives Not Designated as Hedging Instruments The Company also uses foreign currency forward contracts to offset its exposure to the change in value of certain foreign currency denominated assets and liabilities, primarily receivables and payables, which are remeasured at the end of each period. Although the contracts are effective economic hedges, they are not designated as accounting hedges. Therefore, changes in the value of these derivatives are recognized immediately in earnings, thereby offsetting the current earnings effect of the related foreign currency denominated assets and liabilities. ​ Effect of Derivative Instruments on Income The loss of all derivative instruments recognized is summarized below: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Loss reclassified from AOCI to income on cash flow hedges: Cost of goods and services $ 15 $ — $ 15 $ — Loss on derivatives not designated as hedging instruments: Other (income) expense, net 711 — 711 — Total loss of derivative instruments $ 726 $ — $ 726 $ —

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Upon completion of the Merger, the Company re-evaluated its reporting segments. Our determination of reporting segments was made on the basis of our strategic priorities within each segment and corresponds to the manner in which our chief operating decision maker reviews and evaluates operating performance to make decisions about resources to be allocated to the segment. In addition to our strategic priorities, segment reporting is also based on differences in the products and services we provide. As a result, we added two new reportable segments - Production Chemical Technologies and Reservoir Chemical Technologies. The legacy Apergy reportable segments remain unchanged. Our reporting segments are: • Production Chemical Technologies—provides oil and natural gas production and midstream markets with solutions to manage and control corrosion, oil and water separation, flow assurance, sour gas treatment and a host of water-related issues. • Production & Automation Technologies—designs, manufactures, markets and services a full range of artificial lift equipment, end-to-end digital automation solutions, as well as other production equipment. Production & Automation Technologies’ products are sold under a collection of brands including Harbison-Fischer, Norris, Alberta Oil Tool, Oil Lift Technology, PCS Ferguson, Pro-Rod, Upco, Unbridled ESP, Norriseal-Wellmark, Quartzdyne, Spirit, Theta, Timberline and Windrock. • Drilling Technologies—designs, manufactures and markets polycrystalline diamond cutters and bearings for use in oil and gas drill bits under the US Synthetic brand. • Reservoir Chemical Technologies—manufactures specialty products that support well stimulation, construction (including drilling and cementing) and remediation needs in the oil and natural gas industry. Business activities that do not meet the criteria of an operating segment have been combined into Corporate and Other. Corporate and Other includes (i) corporate and overhead expenses, and (ii) revenue and costs for activities that are not operating segments. Segment revenue and segment operating profit were as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Segment revenue: Production Chemical Technologies $ 136,002 $ — $ 136,002 $ — Production & Automation Technologies 114,741 235,819 320,220 458,778 Drilling Technologies 20,948 70,351 76,903 147,886 Reservoir Chemical Technologies 9,306 — 9,306 — Corporate and other (1) 17,917 — 17,917 — Total revenue $ 298,914 $ 306,170 $ 560,348 $ 606,664 Segment operating profit: Production Chemical Technologies $ 9,922 $ — $ 9,922 $ — Production & Automation Technologies (37,168 ) 19,868 (685,759 ) 32,932 Drilling Technologies (3,811 ) 24,251 7,548 51,057 Reservoir Chemical Technologies (2,811 ) — (2,811 ) — Total segment operating profit (33,868 ) 44,119 (671,100 ) 83,989 Corporate and other (1) 64,871 4,722 79,061 8,558 Interest expense, net 11,262 10,109 20,301 20,636 Income before income taxes $ (110,001 ) $ 29,288 $ (770,462 ) $ 54,795 _______________________ (1) Corporate and other includes costs not directly attributable or allocated to our reporting segments such as corporate executive management and other administrative functions, and the results attributable to our noncontrolling interest. Additionally, the sales and expenses related to the Cross Supply Agreement with Ecolab are included within Corporate and other. See Note 2—Merger Transaction for further information.

Cash Flow Information

Cash Flow Information	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Cash Flow Information	CASH FLOW INFORMATION Supplemental cash flow information is as follows: Six Months Ended June 30, (in thousands) 2020 2019 Non-cash information: Finance lease additions $ 3,111 $ 3,018 Lease program Our ESP leased asset program is reported in our Production & Automation Technologies segment. At the time of purchase, assets are recorded to inventory and are transferred to property, plant, and equipment when a customer contracts for an asset under our lease program. During the six months ended June 30, 2020 and June 30, 2019 , we transferred $12.4 million and $40.4 million , respectively, of inventory into property, plant, and equipment as a result of assets entering our leased asset program. Expenditures for assets that are placed into our lease asset program expected to be recovered through sale are reported in "Leased assets" in the operating section of our condensed consolidated statements of cash flows. All other capitalizable expenditures for assets that are placed into our lease asset program are classified as “Capital expenditures” in the investing section of our condensed consolidated statements of cash flows. During the six months ended June 30, 2020 and 2019 , such expenditures were estimated to be $8.4 million and $11.2 million

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of ChampionX have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission pertaining to interim financial information. As permitted under those rules, certain footnotes or other financial information that are normally required by GAAP have been condensed or omitted. Therefore, these financial statements should be read in conjunction with the audited consolidated financial statements, and notes thereto, which are included in our Annual Report on Form 10-K for the year ended December 31, 2019 . The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from our estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments unless otherwise specified) necessary for a fair statement of our financial condition and results of operations as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the results and trends in these financial statements may not be representative of the results that may be expected for the year ending December 31, 2020 .
Reclassifications and Revisions	Reclassifications Certain prior period amounts have been reclassified to conform to the presentation of the current period financial statements. Long-lived asset impairment for the six months ended June 30, 2019 has been reclassified from selling, general, and administrative expense to conform with our current period presentation of long-lived asset impairment on the condensed consolidated statements of income (loss). These reclassifications had no effect on the previously reported net loss. Revisions We revised our previously issued financial statements for the three and six months ended June 30, 2019 , for the correction of immaterial errors related to: (i) the assessing and recording of liabilities for state sales tax and associated penalties and interest, primarily resulting in an understatement of our selling, general, and administrative expense and interest expense for the three and six months ended June 30, 2019 ; and (ii) previously recorded amounts including, but not limited to, the write-off of inventory and leased assets, timing of revenue recognition, and revenue classification, that the Company concluded were immaterial to our previously filed condensed consolidated financial statements. See the following table for the impact of the corrections on our condensed consolidated financial statements: Condensed Consolidated Statement of Income Three Months Ended June 30, 2019 (in thousands, except per share data) As Reported Adjustments As Revised Product revenue $ 270,273 $ (603 ) $ 269,670 Service revenue 24,071 (8 ) 24,063 Lease and other revenue 11,710 727 12,437 Total revenue 306,054 116 306,170 Cost of goods and services 196,285 1,125 197,410 Gross profit 109,769 (1,009 ) 108,760 Selling, general and administrative expense 66,642 45 66,687 Interest expense, net 10,057 52 10,109 Other expense, net 2,676 — 2,676 Income before income taxes 30,394 (1,106 ) 29,288 Provision for income taxes 6,544 (264 ) 6,280 Net income 23,850 (842 ) 23,008 Net income attributable to noncontrolling interest 71 — 71 Net income attributable to ChampionX $ 23,779 $ (842 ) $ 22,937 Earnings per share attributable to ChampionX: Basic $ 0.31 $ (0.01 ) $ 0.30 Diluted $ 0.31 $ (0.01 ) $ 0.30 Comprehensive income $ 24,892 $ (842 ) $ 24,050 Comprehensive income attributable to ChampionX $ 24,821 $ (842 ) $ 23,979 Six Months Ended June 30, 2019 (in thousands, except per share data) As Reported Adjustments As Revised Product revenue $ 536,417 $ (795 ) $ 535,622 Service revenue 47,978 (104 ) 47,874 Lease and other revenue 23,350 (182 ) 23,168 Total revenue 607,745 (1,081 ) 606,664 Cost of goods and services 392,427 2,466 394,893 Gross profit 215,318 (3,547 ) 211,771 Selling, general and administrative expense 130,231 585 130,816 Long-lived asset impairment (1) 1,746 — 1,746 Interest expense, net 20,531 105 20,636 Other expense, net 3,778 — 3,778 Income before income taxes 59,032 (4,237 ) 54,795 Provision for income taxes 12,613 (764 ) 11,849 Net income 46,419 (3,473 ) 42,946 Net income attributable to noncontrolling interest 353 — 353 Net income attributable to ChampionX $ 46,066 $ (3,473 ) $ 42,593 Earnings per share attributable to ChampionX: Basic $ 0.60 $ (0.05 ) $ 0.55 Diluted $ 0.59 $ (0.04 ) $ 0.55 Comprehensive income 48,650 (3,473 ) 45,177 Comprehensive income attributable to ChampionX 48,297 (3,473 ) 44,824 (1) Long-lived asset impairment has been reclassified from selling, general, and administrative expense to conform with our current period presentation of long-lived asset impairment on the condensed consolidated statements of income (loss). Condensed Consolidated Statement of Changes in Stockholders’ Equity June 30, 2019 (in thousands) As Reported Adjustments As Revised Stockholders’ Equity: Capital in excess of par value of common stock $ 968,593 $ (4,599 ) $ 963,994 Retained earnings 100,233 (2,756 ) 97,477 Total equity 1,031,737 (7,355 ) 1,024,382 (in thousands) As Reported Adjustments As Revised Total equity at December 31, 2018 $ 981,527 $ (5,544 ) $ 975,983 Cumulative effect of accounting changes (1,662 ) 1,662 — Net income 22,569 (2,631 ) 19,938 Total equity at March 31, 2019 1,005,203 (6,513 ) 998,690 Net income 23,850 (842 ) 23,008 June 30, 2019 1,031,737 (7,355 ) 1,024,382 Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2019 (in thousands) As Reported Adjustments As Revised Cash provided (required) by operating activities: Net income $ 46,419 $ (3,473 ) $ 42,946 Adjustments to reconcile net income to net cash provided (required) by operating activities: Deferred income taxes (10,891 ) 5,591 (5,300 ) Loss on sale of fixed assets (1) 65 — 65 Provision for losses on accounts receivable (1) (307 ) — (307 ) Amortization of deferred loan costs and accretion of discount (1) 1,295 — 1,295 Other (406 ) (12 ) (418 ) Changes in operating assets and liabilities (net of effects of foreign exchange): Receivables (6,115 ) 954 (5,161 ) Inventories (2,290 ) 3,319 1,029 Prepaid expenses and other current assets 3,470 (5,781 ) (2,311 ) Accounts payable (1,506 ) (1,582 ) (3,088 ) Accrued compensation and employee benefits (10,570 ) 2,581 (7,989 ) Accrued expenses and other liabilities 49 (3,175 ) (3,126 ) Leased assets (30,999 ) 1,578 (29,421 ) _______________________ (1) Each of these amounts were included within “Other” on the condensed consolidated statements of cash flows reported for the six months ended June 30, 2019. These amounts have been reclassified consistent with the presentation in the current reporting period.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Effective January 1, 2020, we adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016-13, “ Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments .” This update amends the impairment model to utilize an expected credit loss methodology in place of the incurred credit loss methodology for financial instruments. We applied the provisions of this ASU to our financial instruments, mostly consisting of trade receivables, as of January 1, 2020. We utilized the modified retrospective method of adoption; therefore, prior period amounts have not been adjusted and continue to be reflected in accordance with our historical accounting policies. As of January 1, 2020, we recorded a cumulative adjustment to retained earnings of $1.6 million , net of $0.5 million of income tax benefit. Our exposure to credit losses is primarily the result of product sales to our customers, resulting in trade receivables with payment terms generally ranging from 30 days to 90 days. We manage credit risk on trade receivables by transacting only with what management believes are financially secure customers. For our legacy Apergy operating companies, our expected loss allowance for accounts receivable is estimated utilizing a single loss rate, as our customer base generally has similar collectability risk characteristics. We develop our loss rate estimate based on historical collection experience, and current economic and market conditions. For our legacy ChampionX operating companies, we estimate our expected loss allowance for accounts receivable by analyzing accounts receivable balances by age and applying historical write-off and collection trend rates as well as current economic and market conditions. Specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default.
Commitments and Contingencies	We record liabilities where a contingent loss is probable and can be reasonably estimated. If the reasonable estimate of a probable loss is a range, the Company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. In accordance with applicable GAAP, the Company discloses a contingent liability even if the liability is not probable or the amount is not estimable, or both, if there is a reasonable possibility that a material loss may have been incurred.
Fair Value Measurements	Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. A hierarchy has been established for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring the most observable inputs be used when available. The hierarchy is broken down into three levels: ​ Level 1 - Inputs are quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities. ​ Level 2 - Inputs include observable inputs other than quoted prices in active markets. ​ Level 3 - Inputs are unobservable inputs for which there is little or no market data available.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Revisions to Previously Issued Financial Statements	See the following table for the impact of the corrections on our condensed consolidated financial statements: Condensed Consolidated Statement of Income Three Months Ended June 30, 2019 (in thousands, except per share data) As Reported Adjustments As Revised Product revenue $ 270,273 $ (603 ) $ 269,670 Service revenue 24,071 (8 ) 24,063 Lease and other revenue 11,710 727 12,437 Total revenue 306,054 116 306,170 Cost of goods and services 196,285 1,125 197,410 Gross profit 109,769 (1,009 ) 108,760 Selling, general and administrative expense 66,642 45 66,687 Interest expense, net 10,057 52 10,109 Other expense, net 2,676 — 2,676 Income before income taxes 30,394 (1,106 ) 29,288 Provision for income taxes 6,544 (264 ) 6,280 Net income 23,850 (842 ) 23,008 Net income attributable to noncontrolling interest 71 — 71 Net income attributable to ChampionX $ 23,779 $ (842 ) $ 22,937 Earnings per share attributable to ChampionX: Basic $ 0.31 $ (0.01 ) $ 0.30 Diluted $ 0.31 $ (0.01 ) $ 0.30 Comprehensive income $ 24,892 $ (842 ) $ 24,050 Comprehensive income attributable to ChampionX $ 24,821 $ (842 ) $ 23,979 Six Months Ended June 30, 2019 (in thousands, except per share data) As Reported Adjustments As Revised Product revenue $ 536,417 $ (795 ) $ 535,622 Service revenue 47,978 (104 ) 47,874 Lease and other revenue 23,350 (182 ) 23,168 Total revenue 607,745 (1,081 ) 606,664 Cost of goods and services 392,427 2,466 394,893 Gross profit 215,318 (3,547 ) 211,771 Selling, general and administrative expense 130,231 585 130,816 Long-lived asset impairment (1) 1,746 — 1,746 Interest expense, net 20,531 105 20,636 Other expense, net 3,778 — 3,778 Income before income taxes 59,032 (4,237 ) 54,795 Provision for income taxes 12,613 (764 ) 11,849 Net income 46,419 (3,473 ) 42,946 Net income attributable to noncontrolling interest 353 — 353 Net income attributable to ChampionX $ 46,066 $ (3,473 ) $ 42,593 Earnings per share attributable to ChampionX: Basic $ 0.60 $ (0.05 ) $ 0.55 Diluted $ 0.59 $ (0.04 ) $ 0.55 Comprehensive income 48,650 (3,473 ) 45,177 Comprehensive income attributable to ChampionX 48,297 (3,473 ) 44,824 (1) Long-lived asset impairment has been reclassified from selling, general, and administrative expense to conform with our current period presentation of long-lived asset impairment on the condensed consolidated statements of income (loss). Condensed Consolidated Statement of Changes in Stockholders’ Equity June 30, 2019 (in thousands) As Reported Adjustments As Revised Stockholders’ Equity: Capital in excess of par value of common stock $ 968,593 $ (4,599 ) $ 963,994 Retained earnings 100,233 (2,756 ) 97,477 Total equity 1,031,737 (7,355 ) 1,024,382 (in thousands) As Reported Adjustments As Revised Total equity at December 31, 2018 $ 981,527 $ (5,544 ) $ 975,983 Cumulative effect of accounting changes (1,662 ) 1,662 — Net income 22,569 (2,631 ) 19,938 Total equity at March 31, 2019 1,005,203 (6,513 ) 998,690 Net income 23,850 (842 ) 23,008 June 30, 2019 1,031,737 (7,355 ) 1,024,382 Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2019 (in thousands) As Reported Adjustments As Revised Cash provided (required) by operating activities: Net income $ 46,419 $ (3,473 ) $ 42,946 Adjustments to reconcile net income to net cash provided (required) by operating activities: Deferred income taxes (10,891 ) 5,591 (5,300 ) Loss on sale of fixed assets (1) 65 — 65 Provision for losses on accounts receivable (1) (307 ) — (307 ) Amortization of deferred loan costs and accretion of discount (1) 1,295 — 1,295 Other (406 ) (12 ) (418 ) Changes in operating assets and liabilities (net of effects of foreign exchange): Receivables (6,115 ) 954 (5,161 ) Inventories (2,290 ) 3,319 1,029 Prepaid expenses and other current assets 3,470 (5,781 ) (2,311 ) Accounts payable (1,506 ) (1,582 ) (3,088 ) Accrued compensation and employee benefits (10,570 ) 2,581 (7,989 ) Accrued expenses and other liabilities 49 (3,175 ) (3,126 ) Leased assets (30,999 ) 1,578 (29,421 ) _______________________ (1) Each of these amounts were included within “Other” on the condensed consolidated statements of cash flows reported for the six months ended June 30, 2019. These amounts have been reclassified consistent with the presentation in the current reporting period.

Merger Transactions (Tables)

Merger Transactions (Tables)	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Schedule of Consideration Transferred	The acquisition-date fair value of the consideration transferred consisted of the following: (in thousands) Equity consideration $ 1,263,931 Replacement awards attributable to pre-combination services (1) 43,964 Unfavorable supply agreement (2) 44,000 Favorable supply agreement (2) (55,000 ) Fair value of consideration transferred $ 1,296,895 _______________________ (1) Represents the fair value of the replacement equity awards to the extent services were provided by employees of legacy ChampionX prior to closing. See Note 12—Equity And Cash Incentive Programs for additional information about the replacement equity awards. (2) As part of the Merger, the Company entered into a Cross Supply and Product Transfer Agreement with Ecolab in which over a period of approximately three years from the merger date, certain products will be manufactured by one party for the other. The cross selling prices in which each party will transfer their products, and include a take-or-pay element, have been set forth within this agreement and are not reflective of market terms. As a result, we recognized an intangible asset recorded at fair value for the favorable terms and a liability recorded at fair value for the unfavorable terms. The intangible asset will be amortized on a straight-line basis over a three-year period into cost of goods and services and the liability will be amortized as a component of product revenue.
Schedule of Preliminary Allocation of Purchase Price	The preliminary fair value of identifiable fixed assets was calculated using a combination of valuation approaches, primarily including the cost approach which adjusts estimates of replacement cost for the age, condition and utility of the associated assets, as well as the market approach to value asset types where market comparable data is available, and is summarized below: (in thousands) Fair Value Useful Life (years) Land and land improvements $ 132,466 - Buildings and leasehold improvements 201,001 5 to 40 Machinery, equipment and other 385,244 3 to 20 Capitalized software and computer hardware 21,896 3 to 7 Total property, plant, and equipment acquired $ 740,607 The following table provides the preliminary allocation of the purchase price as of the acquisition date. (in thousands) Cash and cash equivalents $ 57,588 Receivables 364,199 Inventories 341,938 Prepaid expenses and other current assets 75,806 Property, plant, and equipment 740,607 Identifiable intangible assets (1) 260,000 Other non-current assets 152,916 Total identifiable assets acquired 1,993,054 Accounts payable 162,848 Other current liabilities 186,730 Long-term debt (2) 537,000 Deferred tax liabilities 95,651 Other liabilities 81,962 Total liabilities assumed 1,064,191 Net identifiable assets acquired 928,863 Add: Negative fair value of non-controlling interests 16,015 Goodwill 352,017 Total net assets acquired $ 1,296,895 _______________________ (1) The fair value of the consideration transferred related to the Favorable supply agreements has been excluded. (2) In connection with the Merger, we assumed a term loan from legacy ChampionX. See Note 6—Debt for further information.
Schedule of Identifiable Intangible Assets Acquired	Preliminary fair values are summarized below: (in thousands) Fair Value Useful Life (years) Trademarks and trade names $ 25,000 15 Developed technology 110,000 7 Customer relationships 125,000 15 Total identifiable intangible assets acquired 260,000 Favorable supply agreements 55,000 3 Total identifiable intangible assets recognized $ 315,000
Schedule of Pro Forma Information	The following unaudited pro forma results of operations have been prepared as though the Merger was completed on January 1, 2019. Pro forma amounts are based on the preliminary purchase price allocation of the acquisition and are not necessarily indicative of results that may be reported in the future. Non-recurring pro forma adjustments including acquisition-related costs directly attributable to the Merger are included within the reported pro forma revenue and net income (loss). Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share data) 2020 2019 2020 2019 Revenues $ 614,684 $ 891,001 $ 1,435,379 $ 1,767,503 Net income (loss) attributable to ChampionX (60,100 ) 57,078 (794,525 ) 109,879

New Accounting Standards (Table

New Accounting Standards (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of Rollforward of Allowance for Credit Losses	The following table provides a rollforward of our allowance for credit losses balance: (in thousands) Allowance for Credit Losses December 31, 2019 $ 8,072 Impact of adoption on January 1, 2020 2,042 Provision for expected credit losses 3,968 Accounts written off (1,834 ) Recoveries (52 ) Foreign currency translation (517 ) June 30, 2020 $ 11,679

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory, Net [Abstract]
Components of Inventory	Inventories consisted of the following: (in thousands) June 30, 2020 December 31, 2019 Raw materials $ 163,037 $ 50,099 Work in progress 9,890 13,325 Finished goods 385,208 175,774 558,135 239,198 Valuation adjustments (12,858 ) (12,067 ) LIFO adjustments (17,635 ) (15,789 ) Inventories, net $ 527,642 $ 211,342

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The carrying amount of goodwill, including changes therein, by reporting segment is below: (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Total December 31, 2019 $ — $ 809,977 $ 101,136 $ — $ 911,113 Acquisition (1) 270,532 — — 81,485 $ 352,017 Impairment — (616,271 ) — — $ (616,271 ) Foreign currency translation 120 (2,600 ) — 2 $ (2,478 ) June 30, 2020 $ 270,652 $ 191,106 $ 101,136 $ 81,487 $ 644,381 _______________________ (1) See Note 2—Merger Transaction for additional information related to the acquisition completed during June 2020.
Schedule of Finite-Lived Intangible Assets	The components of our definite- and indefinite-lived intangible assets were as follows: June 30, 2020 December 31, 2019 (in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Customer relationships (1) $ 568,818 $ 297,731 $ 271,087 $ 560,316 $ 353,189 $ 207,127 Trademarks (1) 59,855 25,564 34,291 35,695 24,830 10,865 Patents 38,125 27,923 10,202 38,436 26,838 11,598 Unpatented technologies 123,700 11,123 112,577 13,700 9,811 3,889 Favorable supply agreements (2) 54,926 1,356 53,570 — — — Drawings and manuals 1,719 1,719 — 2,558 1,758 800 Other 5,267 4,606 661 5,332 4,504 828 852,410 370,022 482,388 656,037 420,930 235,107 Indefinite-lived intangible assets: Trademarks 3,600 — 3,600 3,600 — 3,600 Total $ 856,010 $ 370,022 $ 485,988 $ 659,637 $ 420,930 $ 238,707 _______________________ (1) Includes impairment of customer relationship and trademark intangible assets of $40.4 million and $0.6 million , respectively, all of which relate to asset groups included within our Artificial Lift business. (2) Favorable supply agreements were entered into as part of the Merger transaction. See Note 2—Merger Transaction for further information.
Schedule of Indefinite-Lived Intangible Assets	The components of our definite- and indefinite-lived intangible assets were as follows: June 30, 2020 December 31, 2019 (in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Customer relationships (1) $ 568,818 $ 297,731 $ 271,087 $ 560,316 $ 353,189 $ 207,127 Trademarks (1) 59,855 25,564 34,291 35,695 24,830 10,865 Patents 38,125 27,923 10,202 38,436 26,838 11,598 Unpatented technologies 123,700 11,123 112,577 13,700 9,811 3,889 Favorable supply agreements (2) 54,926 1,356 53,570 — — — Drawings and manuals 1,719 1,719 — 2,558 1,758 800 Other 5,267 4,606 661 5,332 4,504 828 852,410 370,022 482,388 656,037 420,930 235,107 Indefinite-lived intangible assets: Trademarks 3,600 — 3,600 3,600 — 3,600 Total $ 856,010 $ 370,022 $ 485,988 $ 659,637 $ 420,930 $ 238,707 _______________________ (1) Includes impairment of customer relationship and trademark intangible assets of $40.4 million and $0.6 million , respectively, all of which relate to asset groups included within our Artificial Lift business. (2) Favorable supply agreements were entered into as part of the Merger transaction. See Note 2—Merger Transaction for further information.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Debt	Long-term debt consisted of the following: (in thousands) June 30, 2020 December 31, 2019 2018 Credit Facility $ — $ — 2018 Term Loan Facility 265,000 265,000 2020 Term Loan Facility 537,000 — 6.375% Senior Notes due 2026 300,000 300,000 Finance lease obligations 10,501 9,375 Total 1,112,501 574,375 Net unamortized discounts and issuance costs (9,118 ) (9,709 ) Total long-term debt $ 1,103,383 $ 564,666 Current portion of long-term debt (31,656 ) (4,845 ) Long-term debt, less current portion $ 1,071,727 $ 559,821

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss consisted of the following: (in thousands) Foreign Currency Translation Defined Pension and Other Post-Retirement Benefits Cash Flow Hedges Accumulated Other Comprehensive Loss December 31, 2018 $ (36,146 ) $ (6,760 ) $ — $ (42,906 ) Other comprehensive income (loss) before reclassifications, net of tax 1,090 (323 ) — 767 Reclassification adjustment for net losses included in net income, net of tax — 422 — 422 Other comprehensive income, net of tax 1,090 99 — 1,189 March 31, 2019 $ (35,056 ) $ (6,661 ) $ — $ (41,717 ) Other comprehensive income (loss) before reclassifications, net of tax 974 — — 974 Reclassification adjustment for net losses included in net income, net of tax — 68 — 68 Other comprehensive income (loss), net of tax 974 68 — 1,042 June 30, 2019 $ (34,082 ) $ (6,593 ) $ — $ (40,675 ) (in thousands) Foreign Currency Translation Defined Pension and Other Post-Retirement Benefits Cash Flow Hedges Accumulated Other Comprehensive Loss December 31, 2019 $ (35,210 ) $ (8,827 ) $ — $ (44,037 ) Other comprehensive loss before reclassifications, net of tax (11,052 ) — — (11,052 ) Reclassification adjustment for net losses included in net income, net of tax — 99 — 99 Other comprehensive income (loss), net of tax (11,052 ) 99 — (10,953 ) March 31, 2020 $ (46,262 ) $ (8,728 ) $ — $ (54,990 ) Other comprehensive income before reclassifications, net of tax 5,703 — 653 6,356 Reclassification adjustment for net losses included in net income, net of tax — 99 — 99 Other comprehensive income, net of tax 5,703 99 653 6,455 June 30, 2020 $ (40,559 ) $ (8,629 ) $ 653 $ (48,535 )
Schedule of Reclassifications from Accumulated Other Comprehensive Loss	Reclassification adjustments from accumulated other comprehensive loss to net income (loss) related to defined pension and other post-retirement benefits consisted of the following: Three Months Ended June 30, Six Months Ended June 30, Affected line items on the condensed consolidated statements of income (loss) (in thousands) 2020 2019 2020 2019 Pensions and other post-retirement benefits: Amortization of actuarial loss and other $ 132 $ 92 $ 264 $ 183 Other (income) expense, net Settlement loss — — — 486 Other (income) expense, net Total before tax 132 92 264 669 Income (loss) before income taxes Tax benefit (33 ) (24 ) (66 ) (179 ) Provision for (benefit from) income taxes Net of tax $ 99 $ 68 $ 198 $ 490 Net income (loss)

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings per Share	A reconciliation of the number of shares used for the basic and diluted earnings (loss) per share calculation was as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share data) 2020 2019 2020 2019 Net income (loss) attributable to ChampionX $ (109,645 ) $ 22,937 $ (743,373 ) $ 42,593 Weighted-average number of shares outstanding 115,149 77,425 96,313 77,394 Dilutive effect of stock-based compensation — 207 — 242 Total shares and dilutive securities 115,149 77,632 96,313 77,636 Basic earnings (loss) per share attributable to ChampionX $ (0.95 ) $ 0.30 $ (7.72 ) $ 0.55 Diluted earnings (loss) per share attributable to ChampionX $ (0.95 ) $ 0.30 $ (7.72 ) $ 0.55
Schedule of Securities Excluded from Earnings Per Share Calculation	The average number of awards excluded from diluted earnings (loss) per share that would potentially dilute earnings per share in the future were as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Potentially dilutive securities excluded as anti-dilutive 976 422 770 348

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Revenue disaggregated by revenue type was as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Production Chemical Technologies: Product revenue $ 119,467 $ — $ 119,467 $ — Service revenue 16,232 — 16,232 — Lease and other revenue 303 — 303 — Total Production Chemical Technologies revenue $ 136,002 $ — $ 136,002 $ — Production & Automation Technologies: Product revenue $ 82,350 $ 199,330 $ 250,873 $ 387,747 Service revenue 19,497 24,052 44,388 47,863 Lease and other revenue 12,894 12,437 24,959 23,168 Total Production & Automation Technologies revenue $ 114,741 $ 235,819 $ 320,220 $ 458,778 Drilling Technologies Product revenue $ 20,948 $ 70,340 $ 76,870 $ 147,875 Service revenue — 11 33 11 Total Drilling Technologies revenue $ 20,948 $ 70,351 $ 76,903 $ 147,886 Reservoir Chemical Technologies: Product revenue $ 9,239 $ — $ 9,239 $ — Service revenue 67 — 67 — Total Reservoir Chemical Technologies revenue $ 9,306 $ — $ 9,306 $ — Corporate and other: (1) Product revenue $ 16,867 $ — $ 16,867 $ — Service revenue 1,050 — 1,050 — Total Corporate and other revenue $ 17,917 $ — $ 17,917 $ — Total Revenue: Product revenue $ 248,871 $ 269,670 $ 473,316 $ 535,622 Service revenue 36,846 24,063 61,770 47,874 Lease and other revenue 13,197 12,437 25,262 23,168 Total revenue $ 298,914 $ 306,170 $ 560,348 $ 606,664 _______________________ (1) Revenue generated from the Cross Supply and Product Transfer Agreement with Ecolab is recorded to Corporate. See Note 2—Merger Transaction for additional information on this arrangement. Revenue disaggregated by geography was as follows: Three Months Ended June 30, 2020 (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Corporate Total United States $ 41,753 $ 83,153 $ 13,894 $ 4,275 $ 11,932 155,007 Canada 15,961 3,998 443 131 62 20,595 Middle East 28,148 10,262 82 2,887 2,436 43,815 Europe 17,144 1,318 1,904 273 1,227 21,866 Australia 1,884 12,313 23 11 — 14,231 Latin America 25,035 3,154 — 488 490 29,167 Asia-Pacific 3,692 1,295 4,170 273 1,770 11,200 Other 2,385 (752 ) 432 968 — 3,033 Total revenue $ 136,002 $ 114,741 $ 20,948 $ 9,306 $ 17,917 $ 298,914 Six Months Ended June 30, 2020 (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Corporate Total United States $ 41,753 $ 237,581 $ 54,834 $ 4,275 $ 11,932 350,375 Canada 15,961 17,122 5,271 131 62 38,547 Middle East 28,148 22,166 540 2,887 2,436 56,177 Europe 17,144 7,658 7,595 273 1,227 33,897 Australia 1,884 21,535 69 11 — 23,499 Latin America 25,035 10,714 22 488 490 36,749 Asia-Pacific 3,692 3,272 7,678 273 1,770 16,685 Other 2,385 172 894 968 — 4,419 Total revenue $ 136,002 $ 320,220 $ 76,903 $ 9,306 $ 17,917 $ 560,348 Three Months Ended June 30, 2019 (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Corporate Total United States $ — $ 182,592 $ 54,461 $ — $ — $ 237,053 Canada — 11,800 4,071 — — 15,871 Middle East — 14,016 423 — — 14,439 Europe — 5,069 8,022 — — 13,091 Australia — 8,025 — — — 8,025 Latin America — 9,383 (5 ) — — 9,378 Asia-Pacific — 4,679 3,188 — — 7,867 Other — 255 191 — — 446 Total revenue $ — $ 235,819 $ 70,351 $ — $ — $ 306,170 Six Months Ended June 30, 2019 (in thousands) Production Chemical Technologies Production & Automation Technologies Drilling Technologies Reservoir Chemical Technologies Corporate Total United States $ — $ 358,235 $ 110,176 $ — $ — $ 468,411 Canada — 25,701 9,085 — — 34,786 Middle East — 27,410 633 — — 28,043 Europe — 9,854 20,196 — — 30,050 Australia — 14,007 — — — 14,007 Latin America — 17,101 — — — 17,101 Asia-Pacific — 6,068 7,343 — — 13,411 Other — 402 453 — — 855 Total revenue $ — $ 458,778 $ 147,886 $ — $ — $ 606,664
Schedule of Contract Balances	Contract assets and contract liabilities from contracts with customers were as follows: (in thousands) June 30, 2020 December 31, 2019 Contract assets $ 6 $ 285 Contract liabilities - current 16,369 6,148

Restructuring and Other Relat_2

Restructuring and Other Related Charges (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	The following table details our restructuring accrual activities during the six months ended June 30, 2020 : (in thousands) Restructuring Accrual Balance December 31, 2019 $ 130 Restructuring charges 7,543 Payments (9,233 ) Liabilities assumed in the Merger 4,843 Other, including foreign currency translation (7 ) June 30, 2020 $ 3,276 Restructuring and other related charges as classified in our condensed consolidated statements of income (loss) were as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Segment restructuring charges: Production & Automation Technologies $ 8,334 $ 660 $ 9,005 $ 1,070 Drilling Technologies 3,426 — 5,521 — Corporate 368 — 368 — Total $ 12,128 $ 660 $ 14,894 $ 1,070 Statements of Income (Loss) classification: Cost of goods and services $ 8,707 $ 319 $ 10,746 $ 398 Selling, general and administrative expense 3,421 341 4,148 672 Total $ 12,128 $ 660 $ 14,894 $ 1,070

Equity and Cash Incentive Pro_2

Equity and Cash Incentive Programs (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Stock-Based Compensation Expense	Stock-based compensation expense relating to all stock-based incentive plans was as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Stock-based compensation expense $ 5,433 $ 2,736 $ 7,862 $ 5,021 Tax benefit (1,203 ) (668 ) (1,802 ) (1,226 ) Stock-based compensation expense, net of tax $ 4,230 $ 2,068 $ 6,060 $ 3,795
Summary of Activity Related to Share-Based Awards	A summary of activity relating to our share-based awards for the six months ended June 30, 2020 , was as follows: (in shares) Stock-Settled Appreciation Rights Performance Share Awards Restricted Stock Units Non-Qualified Stock Options Outstanding at January 1, 2020 422,361 174,726 440,048 — Granted — 121,261 544,119 — Replacement awards (1) — — 2,357,733 7,324,853 Forfeited (7,030 ) (5,011 ) (23,046 ) — Exercised / vested — — (156,911 ) — Outstanding at June 30, 2020 415,331 290,976 3,161,943 7,324,853 _______________________ (1) In connection with the Merger, the Company entered into the Employee Matters Agreement dated December 18, 2019, which provided the terms in which certain Ecolab share-based awards held by legacy ChampionX employees were replaced with share-based awards of the Company on the merger date. The fair value of the replacement awards has been allocated between each employee’s pre-combination and post-combination services. Amounts allocated to pre-combination services have been included as consideration transferred as part of the Merger. See Note 2—Merger Transaction for a summary of consideration transferred. Compensation costs of $15.8 million allocated to post-combination services will be recorded as stock-based compensation expense over each employees’ remaining service period.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured on Recurring Basis	The carrying amount and the estimated fair value for assets and liabilities measured on a recurring basis are as follows: June 30, 2020 Carrying Amount Fair Value Measurements (in thousands) Level 1 Level 2 Level 3 Assets Foreign currency forward contracts $ 1,334 $ — $ 1,334 $ — Liabilities Foreign currency forward contracts $ 1,414 $ — $ 1,414 $ —
Schedule of Fair Value of Long-Term Debt	The carrying amount and the estimated fair value of long-term debt, including current maturities, held by the Company were: June 30, 2020 December 31, 2019 (in thousands) Carrying Amount Fair Value Carrying Amount Fair Value 2018 Term Loan Facility $ 265,000 $ 253,904 $ 265,000 $ 266,161 2020 Term Loan Facility $ 537,000 $ 528,274 $ — $ — 6.375% Senior Notes due 2026 $ 300,000 $ 279,396 $ 300,000 $ 316,710

Derivatives and Hedging Trans_2

Derivatives and Hedging Transactions (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Values of Outstanding Derivatives	The following table summarizes the gross fair value of the Company’s outstanding derivatives and the lines in which they are presented on the condensed consolidated balance sheet. We did not have outstanding derivatives at December 31, 2019: June 30, 2020 (in thousands) Derivative Assets Derivative Liabilities Prepaid expenses and other current assets $ 1,334 $ — Accrued expenses and other current liabilities — 1,414 $ 1,334 $ 1,414 The following table summarizes the notional values of the Company’s outstanding derivatives: (in thousands) June 30, 2020 December 31, 2019 Notional value of foreign currency forward contracts $ 345,738 $ —
Schedule of Gain (Loss) on Derivative Instruments	The loss of all derivative instruments recognized is summarized below: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Loss reclassified from AOCI to income on cash flow hedges: Cost of goods and services $ 15 $ — $ 15 $ — Loss on derivatives not designated as hedging instruments: Other (income) expense, net 711 — 711 — Total loss of derivative instruments $ 726 $ — $ 726 $ —

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Revenue and Operating Profit	Segment revenue and segment operating profit were as follows: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2020 2019 2020 2019 Segment revenue: Production Chemical Technologies $ 136,002 $ — $ 136,002 $ — Production & Automation Technologies 114,741 235,819 320,220 458,778 Drilling Technologies 20,948 70,351 76,903 147,886 Reservoir Chemical Technologies 9,306 — 9,306 — Corporate and other (1) 17,917 — 17,917 — Total revenue $ 298,914 $ 306,170 $ 560,348 $ 606,664 Segment operating profit: Production Chemical Technologies $ 9,922 $ — $ 9,922 $ — Production & Automation Technologies (37,168 ) 19,868 (685,759 ) 32,932 Drilling Technologies (3,811 ) 24,251 7,548 51,057 Reservoir Chemical Technologies (2,811 ) — (2,811 ) — Total segment operating profit (33,868 ) 44,119 (671,100 ) 83,989 Corporate and other (1) 64,871 4,722 79,061 8,558 Interest expense, net 11,262 10,109 20,301 20,636 Income before income taxes $ (110,001 ) $ 29,288 $ (770,462 ) $ 54,795 _______________________ (1) Corporate and other includes costs not directly attributable or allocated to our reporting segments such as corporate executive management and other administrative functions, and the results attributable to our noncontrolling interest. Additionally, the sales and expenses related to the Cross Supply Agreement with Ecolab are included within Corporate and other. See Note 2—Merger Transaction for further information.

Cash Flow Information (Tables)

Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow Information	Supplemental cash flow information is as follows: Six Months Ended June 30, (in thousands) 2020 2019 Non-cash information: Finance lease additions $ 3,111 $ 3,018

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Apr. 01, 2020
Change in Accounting Estimate [Line Items]
Property, plant and equipment usefule life	12 months	18 months
Increase in depreciation expense				$ 58,139	$ 34,190
Decrease in net income		$ 109,645	$ (22,937)	$ 743,373	$ (42,593)
Decrease in earnings per share, basic (in dollars per share)		$ 0.95	$ (0.30)	$ 7.72	$ (0.55)
Decrease in earnings per share, diluted (in dollars per share)		$ 0.95	$ (0.30)	$ 7.72	$ (0.55)
Salvage Value
Change in Accounting Estimate [Line Items]
Equipment salvage value estimate, as a percentage of total value	50.00%					0.00%
Increase in depreciation expense		$ 17,600
Decrease in net income		$ 15,400
Decrease in earnings per share, basic (in dollars per share)		$ 0.13
Decrease in earnings per share, diluted (in dollars per share)		$ 0.13

Basis of Presentation - Schedul

Basis of Presentation - Schedule of Revisions to Previously Issued Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 01, 2020	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Lease and other revenue		$ 13,197		$ 12,437		$ 25,262	$ 23,168
Total revenue		298,914		306,170		560,348	606,664
Cost of goods and services		266,684		197,410		445,779	394,893
Gross profit		32,230		108,760		114,569	211,771
Selling, general and administrative expense		130,657		66,687		208,800	130,816
Long-lived asset impairment		0	$ 41,000	0		40,980	1,746
Interest expense, net		11,262		10,109		20,301	20,636
Other (income) expense, net		312		2,676		(1,321)	3,778
Income (loss) before income taxes		(110,001)		29,288		(770,462)	54,795
Provision for income taxes		(954)		6,280		(27,960)	11,849
Net income (loss)		(109,047)	(633,455)	23,008	$ 19,938	(742,502)	42,946
Net income attributable to noncontrolling interest		598		71		871	353
Net income (loss) attributable to ChampionX		$ (109,645)		$ 22,937		$ (743,373)	$ 42,593
Earnings per share attributable to ChampionX:
Basic (in dollars per share)		$ (0.95)		$ 0.30		$ (7.72)	$ 0.55
Diluted (in dollars per share)		$ (0.95)		$ 0.30		$ (7.72)	$ 0.55
Comprehensive income		$ (102,592)		$ 24,050		$ (747,000)	$ 45,177
Comprehensive income attributable to ChampionX		(103,190)		23,979		(747,871)	44,824
Stockholders' Equity Attributable to Parent [Abstract]
Beginning balance	$ 1,036,214	392,294	1,036,214	998,690	975,983	1,036,214	975,983
Net income		(109,047)	(633,455)	23,008	19,938	(742,502)	42,946
Ending balance		1,584,596	392,294	1,024,382	998,690	1,584,596	1,024,382
Adjustments to reconcile net income to net cash provided (required) by operating activities:
Deferred income taxes						(24,682)	(5,300)
Loss on sale of fixed assets							65
Provision for losses on accounts receivable						3,498	(307)
Amortization of deferred loan costs and accretion of discount						1,999	1,295
Other						(264)	(418)
Changes in operating assets and liabilities (net of effects of foreign exchange):
Receivables						77,777	(5,161)
Inventories						24,794	1,029
Prepaid expenses and other current assets						22,088	(2,311)
Accounts payable						(30,331)	(3,088)
Accrued compensation and employee benefits						(13,846)	(7,989)
Accrued expenses and other liabilities						4,717	(3,126)
Leased assets						(9,311)	(29,421)
Product revenue
Income Statement [Abstract]
Revenue		248,871		269,670		473,316	535,622
Service revenue
Income Statement [Abstract]
Revenue		36,846		24,063		61,770	47,874
As Reported
Income Statement [Abstract]
Lease and other revenue				11,710			23,350
Total revenue				306,054			607,745
Cost of goods and services				196,285			392,427
Gross profit				109,769			215,318
Selling, general and administrative expense				66,642			130,231
Long-lived asset impairment							1,746
Interest expense, net				10,057			20,531
Other (income) expense, net				2,676			3,778
Income (loss) before income taxes				30,394			59,032
Provision for income taxes				6,544			12,613
Net income (loss)				23,850	22,569		46,419
Net income attributable to noncontrolling interest				71			353
Net income (loss) attributable to ChampionX				$ 23,779			$ 46,066
Earnings per share attributable to ChampionX:
Basic (in dollars per share)				$ 0.31			$ 0.60
Diluted (in dollars per share)				$ 0.31			$ 0.59
Comprehensive income				$ 24,892			$ 48,650
Comprehensive income attributable to ChampionX				24,821			48,297
Stockholders' Equity Attributable to Parent [Abstract]
Beginning balance				1,005,203	981,527		981,527
Net income				23,850	22,569		46,419
Ending balance				1,031,737	1,005,203		1,031,737
Adjustments to reconcile net income to net cash provided (required) by operating activities:
Deferred income taxes							(10,891)
Loss on sale of fixed assets							65
Provision for losses on accounts receivable							(307)
Amortization of deferred loan costs and accretion of discount							1,295
Other							(406)
Changes in operating assets and liabilities (net of effects of foreign exchange):
Receivables							(6,115)
Inventories							(2,290)
Prepaid expenses and other current assets							3,470
Accounts payable							(1,506)
Accrued compensation and employee benefits							(10,570)
Accrued expenses and other liabilities							49
Leased assets							(30,999)
As Reported | Product revenue
Income Statement [Abstract]
Revenue				270,273			536,417
As Reported | Service revenue
Income Statement [Abstract]
Revenue				24,071			47,978
Adjustments
Income Statement [Abstract]
Lease and other revenue				727			(182)
Total revenue				116			(1,081)
Cost of goods and services				1,125			2,466
Gross profit				(1,009)			(3,547)
Selling, general and administrative expense				45			585
Long-lived asset impairment							0
Interest expense, net				52			105
Other (income) expense, net				0			0
Income (loss) before income taxes				(1,106)			(4,237)
Provision for income taxes				(264)			(764)
Net income (loss)				(842)	(2,631)		(3,473)
Net income attributable to noncontrolling interest				0			0
Net income (loss) attributable to ChampionX				$ (842)			$ (3,473)
Earnings per share attributable to ChampionX:
Basic (in dollars per share)				$ (0.01)			$ (0.05)
Diluted (in dollars per share)				$ (0.01)			$ (0.04)
Comprehensive income				$ (842)			$ (3,473)
Comprehensive income attributable to ChampionX				(842)			(3,473)
Stockholders' Equity Attributable to Parent [Abstract]
Beginning balance				(6,513)	(5,544)		(5,544)
Net income				(842)	(2,631)		(3,473)
Ending balance				(7,355)	(6,513)		(7,355)
Adjustments to reconcile net income to net cash provided (required) by operating activities:
Deferred income taxes							5,591
Loss on sale of fixed assets							0
Provision for losses on accounts receivable							0
Amortization of deferred loan costs and accretion of discount							0
Other							(12)
Changes in operating assets and liabilities (net of effects of foreign exchange):
Receivables							954
Inventories							3,319
Prepaid expenses and other current assets							(5,781)
Accounts payable							(1,582)
Accrued compensation and employee benefits							2,581
Accrued expenses and other liabilities							(3,175)
Leased assets							1,578
Adjustments | Product revenue
Income Statement [Abstract]
Revenue				(603)			(795)
Adjustments | Service revenue
Income Statement [Abstract]
Revenue				(8)			(104)
Cumulative Effect Adjustment
Income Statement [Abstract]
Provision for income taxes	(500)
Stockholders' Equity Attributable to Parent [Abstract]
Beginning balance	(1,573)		(1,573)		0	(1,573)	0
Cumulative Effect Adjustment | As Reported
Stockholders' Equity Attributable to Parent [Abstract]
Beginning balance					(1,662)		(1,662)
Cumulative Effect Adjustment | Adjustments
Stockholders' Equity Attributable to Parent [Abstract]
Beginning balance					1,662		1,662
Common Stock, Capital in excess of par value
Stockholders' Equity Attributable to Parent [Abstract]
Beginning balance	969,174	971,235	969,174	962,339	960,773	969,174	960,773
Ending balance		2,283,096	971,235	963,994	962,339	2,283,096	963,994
Common Stock, Capital in excess of par value | As Reported
Stockholders' Equity Attributable to Parent [Abstract]
Ending balance				968,593			968,593
Common Stock, Capital in excess of par value | Adjustments
Stockholders' Equity Attributable to Parent [Abstract]
Ending balance				(4,599)			(4,599)
Retained Earnings (Accum. Deficit)
Income Statement [Abstract]
Net income (loss)		(109,645)	(633,728)	22,937	19,656
Stockholders' Equity Attributable to Parent [Abstract]
Beginning balance	107,048	(528,253)	107,048	74,540	54,884	107,048	54,884
Net income		(109,645)	(633,728)	22,937	19,656
Ending balance		$ (637,861)	(528,253)	97,477	$ 74,540	(637,861)	97,477
Retained Earnings (Accum. Deficit) | As Reported
Stockholders' Equity Attributable to Parent [Abstract]
Ending balance				100,233			100,233
Retained Earnings (Accum. Deficit) | Adjustments
Stockholders' Equity Attributable to Parent [Abstract]
Ending balance				$ (2,756)			$ (2,756)
Retained Earnings (Accum. Deficit) | Cumulative Effect Adjustment
Stockholders' Equity Attributable to Parent [Abstract]
Beginning balance	$ (1,573)		$ (1,573)			$ (1,573)

Merger Transactions - Narrative

Merger Transactions - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 03, 2020	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Operating lease right-of-use assets		$ 124,289	$ 124,289	$ 124,289	$ 24,289
Goodwill acquired				352,017
Legacy ChampionX
Business Acquisition [Line Items]
Number of shares issued (in shares)	122,200,000
Share price (in dollars per share)	$ 10.34
Percentage of equity interest acquired	100.00%
Acquisition related costs			$ 52,300	60,200
Fair-value step up on inventory acquired measured under FIFO	$ 13,600
Weighted average amortization period for identifiable intangible assets	11 years 7 months 6 days
Operating lease right-of-use assets	$ 99,900
Operating lease liabilities	93,200
Goodwill acquired	$ 352,000
Revenues of acquiree since date of acquisition		163,200
Net income of acquiree since date of acquisition		$ 7,300
Legacy ChampionX | Ecolab
Business Acquisition [Line Items]
Number of shares converted (in shares)	0.040540
Legacy ChampionX | ChampionX Equityholders
Business Acquisition [Line Items]
Percentage of equity interest acquired	62.00%
Legacy ChampionX | Equityholders, Prior To Merger
Business Acquisition [Line Items]
Percentage of equity interest acquired	38.00%
Production Chemical Technologies
Business Acquisition [Line Items]
Goodwill acquired				270,532
Production Chemical Technologies | Legacy ChampionX
Business Acquisition [Line Items]
Goodwill acquired	$ 270,500
Reservoir Chemical Technologies
Business Acquisition [Line Items]
Goodwill acquired				$ 81,485
Reservoir Chemical Technologies | Legacy ChampionX
Business Acquisition [Line Items]
Goodwill acquired	$ 81,500

Merger Transactions - Schedule

Merger Transactions - Schedule of Preliminary Purchase Price Allocation (Details) - Legacy ChampionX $ in Thousands	Jun. 03, 2020USD ($)
Business Acquisition [Line Items]
Equity consideration	$ 1,263,931
Replacement awards attributable to pre-combination services	43,964
Unfavorable supply agreement	44,000
Favorable supply agreement	(55,000)
Fair value of consideration transferred	$ 1,296,895
Favorable supply agreements
Business Acquisition [Line Items]
Useful life of intangible assets recognized	3 years

Merger Transactions - Schedul_2

Merger Transactions - Schedule of Preliminary Allocation of Purchase Price (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 03, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 644,381		$ 911,113
Legacy ChampionX
Business Acquisition [Line Items]
Cash and cash equivalents		$ 57,588
Receivables		364,199
Inventories		341,938
Prepaid expenses and other current assets		75,806
Property, plant, and equipment		740,607
Identifiable intangible assets		260,000
Other non-current assets		152,916
Total identifiable assets acquired		1,993,054
Accounts payable		162,848
Other current liabilities		186,730
Long-term debt		537,000
Deferred tax liabilities		95,651
Other liabilities		81,962
Total liabilities assumed		1,064,191
Net identifiable assets acquired		928,863
Add: Negative fair value of non-controlling interests		16,015
Goodwill		352,017
Total net assets acquired		$ 1,296,895

Merger Transactions - Schedul_3

Merger Transactions - Schedule of Property, Plant and Equipment Acquired (Details) - USD ($) $ in Thousands	Jun. 03, 2020	Mar. 31, 2020	Jun. 30, 2020
Business Acquisition [Line Items]
Property, plant and equipment usefule life		12 months	18 months
Legacy ChampionX
Business Acquisition [Line Items]
Land and land improvements	$ 132,466
Buildings and leasehold improvements	201,001
Machinery, equipment and other	385,244
Capitalized software and computer hardware	21,896
Total property, plant, and equipment acquired	$ 740,607
Land and land improvements | Legacy ChampionX
Business Acquisition [Line Items]
Property, plant and equipment usefule life	0 years
Buildings and leasehold improvements | Minimum | Legacy ChampionX
Business Acquisition [Line Items]
Property, plant and equipment usefule life	5 years
Buildings and leasehold improvements | Maximum | Legacy ChampionX
Business Acquisition [Line Items]
Property, plant and equipment usefule life	40 years
Capitalized software and computer hardware | Minimum | Legacy ChampionX
Business Acquisition [Line Items]
Property, plant and equipment usefule life	3 years
Capitalized software and computer hardware | Maximum | Legacy ChampionX
Business Acquisition [Line Items]
Property, plant and equipment usefule life	20 years
Capitalized software and computer hardware | Minimum | Legacy ChampionX
Business Acquisition [Line Items]
Property, plant and equipment usefule life	3 years
Capitalized software and computer hardware | Maximum | Legacy ChampionX
Business Acquisition [Line Items]
Property, plant and equipment usefule life	7 years

Merger Transactions - Schedul_4

Merger Transactions - Schedule of Identifiable Intangible Assets Acquired (Details) - Legacy ChampionX $ in Thousands	Jun. 03, 2020USD ($)
Business Acquisition [Line Items]
Identifiable intangible assets acquired	$ 260,000
Useful life of intangible assets acquired	11 years 7 months 6 days
Identifiable intangible assets recognized	$ 315,000
Trademarks and trade names
Business Acquisition [Line Items]
Identifiable intangible assets acquired	$ 25,000
Useful life of intangible assets acquired	15 years
Developed technology
Business Acquisition [Line Items]
Identifiable intangible assets acquired	$ 110,000
Useful life of intangible assets acquired	7 years
Customer relationships
Business Acquisition [Line Items]
Identifiable intangible assets acquired	$ 125,000
Useful life of intangible assets acquired	15 years
Favorable supply agreements
Business Acquisition [Line Items]
Identifiable intangible assets recognized	$ 55,000
Useful life of intangible assets recognized	3 years

Merger Transactions - Schedul_5

Merger Transactions - Schedule of Pro Forma Information (Details) - Legacy ChampionX - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Revenues	$ 614,684	$ 891,001	$ 1,435,379	$ 1,767,503
Net income (loss) attributable to ChampionX	$ (60,100)	$ 57,078	$ (794,525)	$ 109,879

New Accounting Standards - Narr

New Accounting Standards - Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in retained earnings		$ 637,861		$ 637,861		$ (107,048)
Income tax benefit		$ 954	$ (6,280)	$ 27,960	$ (11,849)
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Cumulative Effect Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in retained earnings	$ 1,600
Income tax benefit	$ 500

New Accounting Standards - Allo

New Accounting Standards - Allowance for Credit Losses Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
December 31, 2019	$ 8,072
Provision for expected credit losses	3,968
Accounts written off	(1,834)
Recoveries	(52)
Foreign currency translation	(517)
June 30, 2020	11,679
Cumulative Effect Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
December 31, 2019	$ 2,042

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory, Net [Abstract]
Raw materials	$ 163,037	$ 50,099
Work in progress	9,890	13,325
Finished goods	385,208	175,774
Subtotal	558,135	239,198
Valuation adjustments	(12,858)	(12,067)
LIFO adjustments	(17,635)	(15,789)
Inventories, net	$ 527,642	$ 211,342

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill [Roll Forward]
Beginning balance		$ 911,113		$ 911,113
Acquisition				352,017
Impairment	$ 0	(616,300)	$ 0	(616,271)	$ 0
Foreign currency translation				(2,478)
Ending balance	644,381			644,381
Production Chemical Technologies
Goodwill [Roll Forward]
Beginning balance		0		0
Acquisition				270,532
Impairment				0
Foreign currency translation				120
Ending balance	270,652			270,652
Production & Automation Technologies
Goodwill [Roll Forward]
Beginning balance		809,977		809,977
Acquisition				0
Impairment				(616,271)
Foreign currency translation				(2,600)
Ending balance	191,106			191,106
Drilling Technologies
Goodwill [Roll Forward]
Beginning balance		101,136		101,136
Acquisition				0
Impairment				0
Foreign currency translation				0
Ending balance	101,136			101,136
Reservoir Chemical Technologies
Goodwill [Roll Forward]
Beginning balance		$ 0		0
Acquisition				81,485
Impairment				0
Foreign currency translation				2
Ending balance	$ 81,487			$ 81,487

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment	$ 0	$ 616,300	$ 0	$ 616,271	$ 0
Long-lived asset impairment	$ 0	41,000	$ 0	40,980	$ 1,746
Impairment of non-taxable goodwill, amount impacting the effective tax rate		560,100
Production & Automation Technologies
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment				$ 616,271
Production & Automation Technologies | Artificial lift
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment		539,200
Production & Automation Technologies | Automation technologies
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment		$ 77,100
Discount Rate | Artificial lift
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment measurement input	0.145			0.145
Discount Rate | Automation technologies
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment measurement input	0.165			0.165

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Definite and Indefinite Lived Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		$ 852,410	$ 656,037
Accumulated amortization		370,022	420,930
Net carrying amount		482,388	235,107
Intangible assets, gross (excluding goodwill)		856,010	659,637
Intangible assets, net		485,988	238,707
Trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (excluding goodwill)		3,600	3,600
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		568,818	560,316
Accumulated amortization		297,731	353,189
Net carrying amount		271,087	207,127
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		59,855	35,695
Accumulated amortization		25,564	24,830
Net carrying amount		34,291	10,865
Patents
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		38,125	38,436
Accumulated amortization		27,923	26,838
Net carrying amount		10,202	11,598
Unpatented technologies
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		123,700	13,700
Accumulated amortization		11,123	9,811
Net carrying amount		112,577	3,889
Favorable supply agreements
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		54,926	0
Accumulated amortization		1,356	0
Net carrying amount		53,570	0
Drawings and manuals
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		1,719	2,558
Accumulated amortization		1,719	1,758
Net carrying amount		0	800
Other
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		5,267	5,332
Accumulated amortization		4,606	4,504
Net carrying amount		$ 661	$ 828
Artificial lift | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Impairment of intangible assets (excluding goodwill)	$ 40,400
Artificial lift | Trademarks
Finite-Lived Intangible Assets [Line Items]
Impairment of intangible assets (excluding goodwill)	$ 600

Debt - Long-term Debt (Details)

Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Finance lease liabilities, noncurrent	$ 10,501	$ 9,375
Total	1,112,501	574,375
Net unamortized discounts and issuance costs	(9,118)	(9,709)
Total long-term debt	1,103,383	564,666
Current portion of long-term debt	(31,656)	(4,845)
Long-term debt, less current portion	1,071,727	559,821
Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	0	0
Term Loan Facility | 2018 Term Loan Facility
Debt Instrument [Line Items]
Long-term debt, gross	265,000	265,000
Term Loan Facility | 2020 Term Loan Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 537,000	$ 0
Senior Notes | 6.375% Senior Notes Due May 2026
Debt Instrument [Line Items]
Debt interest rate	6.375%	6.375%
Long-term debt, gross	$ 300,000	$ 300,000

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Jun. 03, 2020	Jun. 30, 2020	Feb. 14, 2020
Debt Instrument [Line Items]
Cash payment to fund completion of merger	$ 527,400,000
Mandatory quarterly amortization payments	6,700,000
2018 Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate		3.16%
2020 Term Loan Facility
Debt Instrument [Line Items]
Weighted average interest rate		6.18%
Line of Credit | 2018 Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 150,000,000
Term Loan Facility | 2018 Credit Facility
Debt Instrument [Line Items]
Principal amount of debt issued			$ 537,000,000
Term Loan Facility | 2020 Term Loan Facility
Debt Instrument [Line Items]
Principal amount of debt issued	$ 537,000,000
Federal Funds Rate | Term Loan Facility | 2020 Term Loan Facility
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Eurocurrency Marginal Rate | Term Loan Facility | 2020 Term Loan Facility
Debt Instrument [Line Items]
Basis spread on variable rate	5.00%
LIBOR | Term Loan Facility | 2020 Term Loan Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Minimum | LIBOR | Term Loan Facility | 2020 Term Loan Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Maximum | LIBOR | Term Loan Facility | 2020 Term Loan Facility
Debt Instrument [Line Items]
Basis spread on variable rate	4.00%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	1 Months Ended	6 Months Ended
	Apr. 30, 2020USD ($)	Jun. 30, 2020USD ($)location	Dec. 31, 2019USD ($)
Loss Contingencies [Line Items]
Letters of credit outstanding and surety bonds, amount		$ 50.3	$ 15.7
Number of locations | location		8
Accrued liability - environmental		$ 9	2
Tax Indemnification Agreement
Loss Contingencies [Line Items]
Indemnification liability			$ 3.4
Settlement amount	$ 3

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Accumulated other comprehensive loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ 1,032,960			$ 1,032,960
Other comprehensive income (loss)	$ 6,455	(10,953)	$ 1,042	$ 1,189	(4,498)	$ 2,231
Ending balance	1,598,698				1,598,698
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(54,990)	(44,037)	(41,717)	(42,906)	(44,037)	(42,906)
Other comprehensive income (loss) before reclassifications, net of tax	6,356	(11,052)	974	767
Reclassification adjustment for net losses included in net income, net of tax	99	99	68	422
Other comprehensive income (loss)	6,455	(10,953)	1,042	1,189
Ending balance	(48,535)	(54,990)	(40,675)	(41,717)	(48,535)	(40,675)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(46,262)	(35,210)	(35,056)	(36,146)	(35,210)	(36,146)
Other comprehensive income (loss) before reclassifications, net of tax	5,703	(11,052)	974	1,090
Reclassification adjustment for net losses included in net income, net of tax	0	0	0	0
Other comprehensive income (loss)	5,703	(11,052)	974	1,090
Ending balance	(40,559)	(46,262)	(34,082)	(35,056)	(40,559)	(34,082)
Defined Pension and Other Post-Retirement Benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(8,728)	(8,827)	(6,661)	(6,760)	(8,827)	(6,760)
Other comprehensive income (loss) before reclassifications, net of tax	0	0	0	(323)
Reclassification adjustment for net losses included in net income, net of tax	99	99	68	422
Other comprehensive income (loss)	99	99	68	99
Ending balance	(8,629)	(8,728)	(6,593)	(6,661)	(8,629)	(6,593)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	0	0	0	0	0	0
Other comprehensive income (loss) before reclassifications, net of tax	653	0	0	0
Reclassification adjustment for net losses included in net income, net of tax	0	0	0	0
Other comprehensive income (loss)	653	0	0	0
Ending balance	$ 653	$ 0	$ 0	$ 0	$ 653	$ 0

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassifications from accumulated other comprehensive loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from AOCI, before tax	$ 132	$ 92	$ 264	$ 183
Settlement Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from AOCI, before tax	0	0	0	486
Defined Pension and Other Post-Retirement Benefits
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification from AOCI, before tax	132	92	264	669
Reclassification from AOCI, tax	(33)	(24)	(66)	(179)
Reclassification from AOCI, net of tax	$ 99	$ 68	$ 198	$ 490

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income (loss) attributable to ChampionX	$ (109,645)	$ 22,937	$ (743,373)	$ 42,593
Weighted-average number of shares outstanding	115,149	77,425	96,313	77,394
Dilutive effect of stock-based compensation	0	207	0	242
Total shares and dilutive securities	115,149	77,632	96,313	77,636
Basic earnings (loss) per share attributable to Apergy (in dollars per share)	$ (0.95)	$ 0.30	$ (7.72)	$ 0.55
Diluted earnings (loss) per share attributable to Apergy (in dollars per share)	$ (0.95)	$ 0.30	$ (7.72)	$ 0.55
Number of shares excluded due to anti-dilutive impact (in shares)	976	422	770	348

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Lease and other revenue	$ 13,197	$ 12,437	$ 25,262	$ 23,168
Total revenue	298,914	306,170	560,348	606,664
United States
Disaggregation of Revenue [Line Items]
Total revenue	155,007	237,053	350,375	468,411
Canada
Disaggregation of Revenue [Line Items]
Total revenue	20,595	15,871	38,547	34,786
Middle East
Disaggregation of Revenue [Line Items]
Total revenue	43,815	14,439	56,177	28,043
Europe
Disaggregation of Revenue [Line Items]
Total revenue	21,866	13,091	33,897	30,050
Australia
Disaggregation of Revenue [Line Items]
Total revenue	14,231	8,025	23,499	14,007
Latin America
Disaggregation of Revenue [Line Items]
Total revenue	29,167	9,378	36,749	17,101
Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue	11,200	7,867	16,685	13,411
Other
Disaggregation of Revenue [Line Items]
Total revenue	3,033	446	4,419	855
Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenue	17,917	0	17,917	0
Corporate and Other | United States
Disaggregation of Revenue [Line Items]
Total revenue	11,932	0	11,932	0
Corporate and Other | Canada
Disaggregation of Revenue [Line Items]
Total revenue	62	0	62	0
Corporate and Other | Middle East
Disaggregation of Revenue [Line Items]
Total revenue	2,436	0	2,436	0
Corporate and Other | Europe
Disaggregation of Revenue [Line Items]
Total revenue	1,227	0	1,227	0
Corporate and Other | Australia
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Corporate and Other | Latin America
Disaggregation of Revenue [Line Items]
Total revenue	490	0	490	0
Corporate and Other | Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue	1,770	0	1,770	0
Corporate and Other | Other
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Product revenue
Disaggregation of Revenue [Line Items]
Revenue	248,871	269,670	473,316	535,622
Product revenue | Corporate and Other
Disaggregation of Revenue [Line Items]
Revenue	16,867	0	16,867	0
Service revenue
Disaggregation of Revenue [Line Items]
Revenue	36,846	24,063	61,770	47,874
Service revenue | Corporate and Other
Disaggregation of Revenue [Line Items]
Revenue	1,050	0	1,050	0
Production Chemical Technologies
Disaggregation of Revenue [Line Items]
Lease and other revenue	303	0	303	0
Total revenue	136,002	0	136,002	0
Production Chemical Technologies | United States
Disaggregation of Revenue [Line Items]
Total revenue	41,753	0	41,753	0
Production Chemical Technologies | Canada
Disaggregation of Revenue [Line Items]
Total revenue	15,961	0	15,961	0
Production Chemical Technologies | Middle East
Disaggregation of Revenue [Line Items]
Total revenue	28,148	0	28,148	0
Production Chemical Technologies | Europe
Disaggregation of Revenue [Line Items]
Total revenue	17,144	0	17,144	0
Production Chemical Technologies | Australia
Disaggregation of Revenue [Line Items]
Total revenue	1,884	0	1,884	0
Production Chemical Technologies | Latin America
Disaggregation of Revenue [Line Items]
Total revenue	25,035	0	25,035	0
Production Chemical Technologies | Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue	3,692	0	3,692	0
Production Chemical Technologies | Other
Disaggregation of Revenue [Line Items]
Total revenue	2,385	0	2,385	0
Production Chemical Technologies | Product revenue
Disaggregation of Revenue [Line Items]
Revenue	119,467	0	119,467	0
Production Chemical Technologies | Service revenue
Disaggregation of Revenue [Line Items]
Revenue	16,232	0	16,232	0
Production & Automation Technologies
Disaggregation of Revenue [Line Items]
Lease and other revenue	12,894	12,437	24,959	23,168
Total revenue	114,741	235,819	320,220	458,778
Production & Automation Technologies | United States
Disaggregation of Revenue [Line Items]
Total revenue	83,153	182,592	237,581	358,235
Production & Automation Technologies | Canada
Disaggregation of Revenue [Line Items]
Total revenue	3,998	11,800	17,122	25,701
Production & Automation Technologies | Middle East
Disaggregation of Revenue [Line Items]
Total revenue	10,262	14,016	22,166	27,410
Production & Automation Technologies | Europe
Disaggregation of Revenue [Line Items]
Total revenue	1,318	5,069	7,658	9,854
Production & Automation Technologies | Australia
Disaggregation of Revenue [Line Items]
Total revenue	12,313	8,025	21,535	14,007
Production & Automation Technologies | Latin America
Disaggregation of Revenue [Line Items]
Total revenue	3,154	9,383	10,714	17,101
Production & Automation Technologies | Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue	1,295	4,679	3,272	6,068
Production & Automation Technologies | Other
Disaggregation of Revenue [Line Items]
Total revenue	(752)	255	172	402
Production & Automation Technologies | Product revenue
Disaggregation of Revenue [Line Items]
Revenue	82,350	199,330	250,873	387,747
Production & Automation Technologies | Service revenue
Disaggregation of Revenue [Line Items]
Revenue	19,497	24,052	44,388	47,863
Drilling Technologies
Disaggregation of Revenue [Line Items]
Total revenue	20,948	70,351	76,903	147,886
Drilling Technologies | United States
Disaggregation of Revenue [Line Items]
Total revenue	13,894	54,461	54,834	110,176
Drilling Technologies | Canada
Disaggregation of Revenue [Line Items]
Total revenue	443	4,071	5,271	9,085
Drilling Technologies | Middle East
Disaggregation of Revenue [Line Items]
Total revenue	82	423	540	633
Drilling Technologies | Europe
Disaggregation of Revenue [Line Items]
Total revenue	1,904	8,022	7,595	20,196
Drilling Technologies | Australia
Disaggregation of Revenue [Line Items]
Total revenue	23	0	69	0
Drilling Technologies | Latin America
Disaggregation of Revenue [Line Items]
Total revenue	0	(5)	22	0
Drilling Technologies | Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue	4,170	3,188	7,678	7,343
Drilling Technologies | Other
Disaggregation of Revenue [Line Items]
Total revenue	432	191	894	453
Drilling Technologies | Product revenue
Disaggregation of Revenue [Line Items]
Revenue	20,948	70,340	76,870	147,875
Drilling Technologies | Service revenue
Disaggregation of Revenue [Line Items]
Revenue	0	11	33	11
Reservoir Chemical Technologies
Disaggregation of Revenue [Line Items]
Total revenue	9,306	0	9,306	0
Reservoir Chemical Technologies | United States
Disaggregation of Revenue [Line Items]
Total revenue	4,275	0	4,275	0
Reservoir Chemical Technologies | Canada
Disaggregation of Revenue [Line Items]
Total revenue	131	0	131	0
Reservoir Chemical Technologies | Middle East
Disaggregation of Revenue [Line Items]
Total revenue	2,887	0	2,887	0
Reservoir Chemical Technologies | Europe
Disaggregation of Revenue [Line Items]
Total revenue	273	0	273	0
Reservoir Chemical Technologies | Australia
Disaggregation of Revenue [Line Items]
Total revenue	11	0	11	0
Reservoir Chemical Technologies | Latin America
Disaggregation of Revenue [Line Items]
Total revenue	488	0	488	0
Reservoir Chemical Technologies | Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenue	273	0	273	0
Reservoir Chemical Technologies | Other
Disaggregation of Revenue [Line Items]
Total revenue	968	0	968	0
Reservoir Chemical Technologies | Product revenue
Disaggregation of Revenue [Line Items]
Revenue	9,239	0	9,239	0
Reservoir Chemical Technologies | Service revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 67	$ 0	$ 67	$ 0

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract assets	$ 6	$ 285
Contract liabilities - current	$ 16,369	$ 6,148

Restructuring and Other Relat_3

Restructuring and Other Related Charges - Restructuring and Other Related Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 12,128	$ 660	$ 14,894	$ 1,070
Cost of goods and services
Restructuring Cost and Reserve [Line Items]
Restructuring charges	8,707	319	10,746	398
Selling, general and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,421	341	4,148	672
Production & Automation Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring charges	8,334	660	9,005	1,070
Drilling Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,426	0	5,521	0
Corporate and Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 368	$ 0	$ 368	$ 0

Restructuring and Other Relat_4

Restructuring and Other Related Charges - Restructuring Reserve Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Restructuring and Related Activities [Abstract]
Beginning balance	$ 130
Restructuring charges	7,543
Payments	(9,233)
Liabilities assumed in the Merger	4,843
Other, including foreign currency translation	(7)
Ending balance	$ 3,276

Equity and Cash Incentive Pro_3

Equity and Cash Incentive Programs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock-based compensation expense [Abstract]
Stock-based compensation expense	$ 5,433	$ 2,736	$ 7,862	$ 5,021
Tax benefit	(1,203)	(668)	(1,802)	(1,226)
Stock-based compensation expense, net of tax	$ 4,230	$ 2,068	$ 6,060	$ 3,795
Stock-Settled Appreciation Rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning balance (in shares)			422,361
Granted (in shares)			0
Replacement awards (in shares)			0
Forfeited (in shares)			(7,030)
Exercised/vested (in shares)			0
Outstanding, ending balance (in shares)	415,331		415,331
Performance Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning balance (in shares)			174,726
Granted (in shares)			121,261
Replacement awards (in shares)			0
Forfeited (in shares)			(5,011)
Exercised/vested (in shares)			0
Outstanding, ending balance (in shares)	290,976		290,976
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning balance (in shares)			440,048
Granted (in shares)			544,119
Replacement awards (in shares)			2,357,733
Forfeited (in shares)			(23,046)
Exercised/vested (in shares)			(156,911)
Outstanding, ending balance (in shares)	3,161,943		3,161,943
Non-Qualified Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning balance (in shares)			0
Granted (in shares)			0
Replacement awards (in shares)			7,324,853
Forfeited (in shares)			0
Exercised/vested (in shares)			0
Outstanding, ending balance (in shares)	7,324,853		7,324,853
Legacy ChampionX
Stock-based compensation expense [Abstract]
Stock-based compensation expense, net of tax			$ 15,800

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 1,334
Derivative liabilities	1,414
Term Loan Facility | 2018 Term Loan Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	265,000	$ 265,000
Term Loan Facility | 2018 Term Loan Facility | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt, fair value	253,904	266,161
Term Loan Facility | 2020 Term Loan Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	537,000	0
Term Loan Facility | 2020 Term Loan Facility | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt, fair value	528,274	0
Senior Notes | 6.375% Senior Notes Due May 2026
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	300,000	300,000
Senior Notes | 6.375% Senior Notes Due May 2026 | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt, fair value	279,396	$ 316,710
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,334
Derivative liabilities	1,414
Fair Value, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0
Derivative liabilities	0
Fair Value, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,334
Derivative liabilities	1,414
Fair Value, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0
Derivative liabilities	$ 0

Derivatives and Hedging Trans_3

Derivatives and Hedging Transactions - Schedule of Fair Value of Derivative Instruments (Details) $ in Thousands	Jun. 30, 2020USD ($)
Derivative Asset [Abstract]
Derivative assets	$ 1,334
Derivative Liability [Abstract]
Derivative liabilities	1,414
Prepaid expenses and other current assets
Derivative Asset [Abstract]
Derivative assets	1,334
Accrued expenses and other current liabilities
Derivative Liability [Abstract]
Derivative liabilities	$ 1,414

Derivatives and Hedging Trans_4

Derivatives and Hedging Transactions - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Foreign Exchange Forward Contract
Derivative [Line Items]
Notional value of foreign currency forward contracts	$ 345,738	$ 0

Derivatives and Hedging Trans_5

Derivatives and Hedging Transactions - Schedule of Gain (Loss) on Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total loss of derivative instruments	$ 726	$ 0	$ 726	$ 0
Cost of goods and services | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total loss of derivative instruments	15	0	15	0
Cost of goods and services | Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total loss of derivative instruments	$ 711	$ 0	$ 711	$ 0

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	$ 298,914	$ 306,170	$ 560,348	$ 606,664
Reconciliation of Earnings from Continuing Operations from Segments to Consolidated [Abstract]
Interest expense, net	11,262	10,109	20,301	20,636
Income (loss) before income taxes	(110,001)	29,288	(770,462)	54,795
Production Chemical Technologies
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	136,002	0	136,002	0
Production & Automation Technologies
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	114,741	235,819	320,220	458,778
Drilling Technologies
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	20,948	70,351	76,903	147,886
Reservoir Chemical Technologies
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	9,306	0	9,306	0
Operating Segments
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	298,914	306,170	560,348	606,664
Reconciliation of Earnings from Continuing Operations from Segments to Consolidated [Abstract]
Income (loss) before income taxes	(33,868)	44,119	(671,100)	83,989
Operating Segments | Production Chemical Technologies
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	136,002	0	136,002	0
Reconciliation of Earnings from Continuing Operations from Segments to Consolidated [Abstract]
Income (loss) before income taxes	9,922	0	9,922	0
Operating Segments | Production & Automation Technologies
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	114,741	235,819	320,220	458,778
Reconciliation of Earnings from Continuing Operations from Segments to Consolidated [Abstract]
Income (loss) before income taxes	(37,168)	19,868	(685,759)	32,932
Operating Segments | Drilling Technologies
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	20,948	70,351	76,903	147,886
Reconciliation of Earnings from Continuing Operations from Segments to Consolidated [Abstract]
Income (loss) before income taxes	(3,811)	24,251	7,548	51,057
Operating Segments | Reservoir Chemical Technologies
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	9,306	0	9,306	0
Reconciliation of Earnings from Continuing Operations from Segments to Consolidated [Abstract]
Income (loss) before income taxes	(2,811)	0	(2,811)	0
Corporate Expense and Other
Reconciliation from Segment Totals to Consolidated [Abstract]
Revenue	17,917	0	17,917	0
Reconciliation of Earnings from Continuing Operations from Segments to Consolidated [Abstract]
Income (loss) before income taxes	$ 64,871	$ 4,722	$ 79,061	$ 8,558

Cash Flow Information (Details)

Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]
Non-cash information for finance lease additions	$ 3,111	$ 3,018
Transfers from inventory	12,400	40,400
Assets Leased to Others
Capital expenditures	$ 8,400	$ 11,200