Team (TISI) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 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	001-08604
Entity Registrant Name	TEAM, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	74-1765729
Entity Address, Address Line One	13131 Dairy Ashford
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Sugar Land
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77478
City Area Code	281
Local Phone Number	331-6154
Title of 12(b) Security	Common Stock, $0.30 par value
Trading Symbol	TISI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		30,627,638
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000318833
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents		$ 15,550	$ 12,175
Accounts receivable, net of allowance of $9,951 and $9,990, respectively	[1]	195,522	245,617
Inventory		36,810	39,195
Income tax receivable		2,529	316
Prepaid expenses and other current assets		31,317	20,275
Total current assets		281,728	317,578
Property, plant and equipment, net		181,310	191,951
Operating lease right-of-use assets		61,505	67,048
Intangible assets, net of accumulated amortization of $103,698 and $96,797, respectively		110,006	117,019
Goodwill		88,958	282,006
Deferred income taxes		5,881	5,189
Other assets, net		9,804	4,426
Total assets		739,192	985,217
Current liabilities:
Accounts payable		43,377	41,636
Current portion of long-term debt and finance lease obligations		5,316	5,294
Current portion of operating lease obligations		17,055	17,100
Other accrued liabilities		67,735	86,506
Total current liabilities		133,483	150,536
Long-term debt and finance lease obligations		321,094	325,299
Operating lease obligations		49,665	54,436
Defined benefit pension liability		6,619	9,321
Deferred income taxes		2,694	6,996
Other long-term liabilities		6,701	1,959
Total liabilities		520,256	548,547
Commitments and contingencies
Equity:
Preferred stock, 500,000 shares authorized, none issued		0	0
Common stock, par value $0.30 per share, 60,000,000 shares authorized; 30,627,638 and 30,518,793 shares issued, respectively		9,183	9,153
Additional paid-in capital		411,600	409,034
Retained earnings (deficit)		(165,616)	48,673
Accumulated other comprehensive loss		(36,231)	(30,190)
Total equity		218,936	436,670
Total liabilities and equity		$ 739,192	$ 985,217
[1]	Includes billed and unbilled amounts, net of allowance for credit losses. See Note 3 for details.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for credit loss, current	$ 9,951	$ 9,990
Intangible assets, accumulated amortization	$ 103,698	$ 96,797
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.30	$ 0.30
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares issued (in shares)	30,627,638	30,518,793

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019
Income Statement [Abstract]
Revenues	$ 189,304	$ 315,829	$ 426,143	[1]	$ 585,428	[1]
Operating expenses	131,928	221,232	311,281		424,884
Gross margin	57,376	94,597	114,862		160,544
Selling, general and administrative expenses	58,882	81,593	137,326		163,860
Restructuring and other related charges, net	2,860	0	3,046		208
Goodwill impairment charge	0	0	191,788		0
Operating income (loss)	(4,366)	13,004	(217,298)		(3,524)
Interest expense, net	7,314	7,586	14,090		15,011
Other expense, net	165	313	637		255
Income (Loss) before income taxes	(11,845)	5,105	(232,025)		(18,790)
Less: Provision (benefit) for income taxes	1,683	(997)	(18,770)		(664)
Net income (loss)	$ (13,528)	$ 6,102	$ (213,255)		$ (18,126)
Income (Loss) per common share:
Basic (in dollars per share)	$ (0.44)	$ 0.20	$ (6.97)		$ (0.60)
Diluted (in dollars per share)	$ (0.44)	$ 0.20	$ (6.97)		$ (0.60)
Weighted-average number of shares outstanding:
Basic (in shares)	30,628	30,270	30,584		30,250
Diluted (in shares)	30,628	30,467	30,584		30,250
[1]	Revenues attributable to individual countries/geographic areas are based on the country of domicile of the legal entity that performs the work.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - 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)	$ (13,528)	$ 6,102	$ (213,255)	$ (18,126)
Other comprehensive income (loss) before tax:
Foreign currency translation adjustment	3,583	672	(6,158)	2,481
Foreign currency hedge	(282)	(184)	(17)	95
Other comprehensive income (loss), before tax	3,301	488	(6,175)	2,576
Tax (provision) benefit attributable to other comprehensive income (loss)	319	329	134	260
Other comprehensive income (loss), net of tax	3,620	817	(6,041)	2,836
Total comprehensive income (loss)	$ (9,908)	$ 6,919	$ (219,296)	$ (15,290)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands		Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings (Deficit)	Retained Earnings (Deficit)Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2018				30,184
Beginning balance at Dec. 31, 2018		$ 457,100	$ (767)	$ 9,053	$ 400,989	$ 81,450	$ (767)	$ (34,392)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(24,228)				(24,228)
Foreign currency translation adjustment, net of tax		1,809						1,809
Foreign currency hedge, net of tax		210						210
Non-cash compensation		2,434			2,434
Net settlement of vested stock awards (in shares)				63
Net settlement of vested stock awards		(341)		$ 19	(360)
Ending balance (in shares) at Mar. 31, 2019				30,247
Ending Balance at Mar. 31, 2019		436,217		$ 9,072	403,063	56,455		(32,373)
Beginning balance (in shares) at Dec. 31, 2018				30,184
Beginning balance at Dec. 31, 2018		457,100	(767)	$ 9,053	400,989	81,450	(767)	(34,392)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(18,126)
Ending balance (in shares) at Jun. 30, 2019				30,293
Ending Balance at Jun. 30, 2019		447,099		$ 9,086	406,688	62,881		(31,556)
Beginning balance (in shares) at Dec. 31, 2018				30,184
Beginning balance at Dec. 31, 2018		457,100	(767)	$ 9,053	400,989	81,450	(767)	(34,392)
Ending balance (in shares) at Dec. 31, 2019				30,519
Ending Balance at Dec. 31, 2019		$ 436,670	(1,034)	$ 9,153	409,034	48,673	(1,034)	(30,190)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]		us-gaap:AccountingStandardsUpdate201602Member
Beginning balance (in shares) at Mar. 31, 2019				30,247
Beginning balance at Mar. 31, 2019		$ 436,217		$ 9,072	403,063	56,455		(32,373)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		6,102				6,102
Foreign currency translation adjustment, net of tax		1,005						1,005
Foreign currency hedge, net of tax		(188)						(188)
Non-cash compensation		3,648			3,648
Net settlement of vested stock awards (in shares)				46
Net settlement of vested stock awards		(9)		$ 14	(23)
Other	[1]	324				324
Ending balance (in shares) at Jun. 30, 2019				30,293
Ending Balance at Jun. 30, 2019		447,099		$ 9,086	406,688	62,881		(31,556)
Beginning balance (in shares) at Dec. 31, 2019				30,519
Beginning balance at Dec. 31, 2019		436,670	(1,034)	$ 9,153	409,034	48,673	(1,034)	(30,190)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(199,727)				(199,727)
Foreign currency translation adjustment, net of tax		(9,861)						(9,861)
Foreign currency hedge, net of tax		200						200
Non-cash compensation		1,530			1,530
Net settlement of vested stock awards (in shares)				109
Net settlement of vested stock awards		(349)		$ 30	(379)
Ending balance (in shares) at Mar. 31, 2020				30,628
Ending Balance at Mar. 31, 2020		227,429		$ 9,183	410,185	(152,088)		(39,851)
Beginning balance (in shares) at Dec. 31, 2019				30,519
Beginning balance at Dec. 31, 2019		436,670	$ (1,034)	$ 9,153	409,034	48,673	$ (1,034)	(30,190)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(213,255)
Ending balance (in shares) at Jun. 30, 2020				30,628
Ending Balance at Jun. 30, 2020		$ 218,936		$ 9,183	411,600	(165,616)		(36,231)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]		us-gaap:AccountingStandardsUpdate201613Member
Beginning balance (in shares) at Mar. 31, 2020				30,628
Beginning balance at Mar. 31, 2020		$ 227,429		$ 9,183	410,185	(152,088)		(39,851)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(13,528)				(13,528)
Foreign currency translation adjustment, net of tax		3,832						3,832
Foreign currency hedge, net of tax		(212)						(212)
Non-cash compensation		1,415			1,415
Ending balance (in shares) at Jun. 30, 2020				30,628
Ending Balance at Jun. 30, 2020		$ 218,936		$ 9,183	$ 411,600	$ (165,616)		$ (36,231)
[1]	Amount reflects a revision of tax effects for the adoption of ASC 842

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net loss	$ (213,255)	$ (18,126)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	23,186	24,650
Amortization of deferred loan costs and debt discounts	4,191	3,743
Provision for doubtful accounts	1,122	889
Foreign currency loss	876	234
Deferred income taxes	(5,177)	2,466
Loss (gain) on asset disposal	447	(188)
Goodwill impairment charge	191,788	0
Non-cash compensation cost	2,946	6,082
Other, net	(2,226)	(1,196)
Changes in operating assets and liabilities:
Accounts receivable	36,033	3,534
Inventory	1,989	2,512
Prepaid expenses and other current assets	(3,750)	(5,312)
Accounts payable	4,023	4,627
Other accrued liabilities	(12,992)	(15,156)
Income taxes	(1,956)	(3,189)
Net cash provided by operating activities	27,245	5,570
Cash flows from investing activities:
Capital expenditures	(12,486)	(14,396)
Business acquisitions, net of cash acquired	(1,013)	0
Proceeds from disposal of assets	181	782
Other	54	89
Net cash used in investing activities	(13,264)	(13,525)
Cash flows from financing activities:
Net borrowings (payments) under revolving credit agreement	(5,198)	3,341
Payments under term loan	(2,500)	0
Contingent consideration payments	0	(428)
Debt issuance costs on Credit Facility	(1,841)	0
Taxes paid related to net share settlement of share-based awards	(349)	(351)
Other	(129)	(121)
Net cash provided by (used in) financing activities	(10,017)	2,441
Effect of exchange rate changes on cash and cash equivalents	(589)	(24)
Net increase (decrease) in cash and cash equivalents	3,375	(5,538)
Cash and cash equivalents at end of period	12,175	18,288
Cash and cash equivalents at beginning of period	$ 15,550	$ 12,750

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES Description of business. Unless otherwise indicated, the terms “Team, Inc.,” “Team,” “the Company,” “we,” “our” and “us” are used in this report to refer to Team, Inc., to one or more of its consolidated subsidiaries or to all of them taken as a whole. We are a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions. We deploy conventional to highly specialized inspection, condition assessment, maintenance and repair services that result in greater safety, reliability and operational efficiency for our client’s most critical assets. We conduct operations in three segments, Inspection and Heat Treating (“IHT”), Mechanical Services (“MS”) and Quest Integrity. Through the capabilities and resources in these three segments, we believe that Team is uniquely qualified to provide integrated solutions involving in their most basic form: inspection to assess condition; engineering assessment to determine fitness for purpose in the context of industry standards and regulatory codes; and mechanical services to repair, rerate or replace based upon the client’s election. In addition, we are capable of escalating with the client’s needs, as dictated by the severity of the damage found and the related operating conditions, from standard services to some of the most advanced services and integrated asset integrity and reliability management solutions available in the industry. We also believe that Team is unique in its ability to provide services in three distinct client demand profiles: (i) turnaround or project services, (ii) call-out services and (iii) nested or run-and-maintain services. IHT provides integrity management and performance solutions, conventional and advanced non-destructive testing (“NDT”) services, heat treating and thermal services, tank management solutions, and pipeline integrity solutions, as well as associated engineering and condition assessment services. These services can be offered while facilities are running (on-stream), during facility turnarounds or during new construction or expansion activities. MS provides machining, bolting, and vapor barrier weld testing services, hot tap and line intervention services, valve management solutions, and emission control services primarily as call-out and turnaround services under both on-stream and off-line/shut down circumstances. On-stream services offered by MS represent the services offered while plants are operating and under pressure. Turnaround services are project-related and demand is a function of the number and scope of scheduled and unscheduled facility turnarounds as well as new industrial facility construction or expansion activities. Quest Integrity provides integrity and reliability management solutions for the process, pipeline and power sectors. These solutions encompass three broadly-defined disciplines including highly specialized in-line inspection services for historically unpiggable process piping and pipelines using proprietary in-line inspection tools and analytical software; advanced engineering and condition assessment services through a multi-disciplined engineering team and related lab support; and advanced digital imaging including remote digital video imaging, laser scanning and laser profilometry-enabled reformer care services. We offer these services globally through approximately 200 locations in more than 20 countries throughout the world with approximately 5,700 employees. We market our services to companies in a diverse array of heavy industries which include: • Energy (refining, power, renewables, nuclear and liquefied natural gas); • Manufacturing and Process (chemical, petrochemical, pulp and paper industries, manufacturing, automotive and mining); • Midstream and Others (valves, terminals and storage, pipeline and offshore oil and gas); • Public Infrastructure (amusement parks, bridges, ports, construction and building, roads, dams and railways); and • Aerospace and Defense. Our stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “TISI”. Recent Developments. In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) as a pandemic, which continues to spread throughout the United States and the rest of the world. The COVID-19 pandemic and related economic repercussions have created significant volatility and uncertainty in domestic and international markets. Additionally, oil demand has significantly deteriorated as a result of the pandemic and the corresponding preventative measures taken around the world to mitigate the spread of the virus. Further, other macroeconomic events such as the geopolitical tensions between the Organization of the Petroleum Exporting Countries (OPEC) and Russia, resulted in a significant drop in oil prices. Although oil prices have since seen a recovery, this price volatility undermines our client’s confidence in terms of project planning and execution. As such, these negative factors have created significant volatility and uncertainty in the markets in which we operate and, as a result, certain clients have responded with capital spending budget cuts, cost cutting measures, personnel layoffs, limited facility access, and facility closures among other actions. Though the impact of COVID-19 and the decline in crude oil prices on our operations has varied by geographic conditions and applicable government mandates, it has adversely affected our workforce and operations, as well as the operations of our clients, suppliers and contractors. Global oil demand is recovering, driven by gasoline and diesel while jet fuel remains suppressed, however, all three refined products collectively remain below 2019 levels. The ultimate duration and impact on our global operations is presently unclear. Furthermore, the extent to which we or our clients may successfully mitigate the impact of COVID-19 and the decline in the oil and gas industry, if at all, is not presently known. We expect that our results of operations in future periods may continue to be adversely impacted due to the factors noted above. To successfully navigate through this unprecedented period, we continue to focus on the following key priorities: • the safety of our employees and business continuity; • decisive and aggressive actions taken to align our business with the current and near-term decrease in demand for our services; and • our end market revenue diversification strategy. To respond to the economic downturn resulting from the COVID-19 pandemic and the drop in oil prices, we initiated a cost reduction and efficiency program. All named executive officers have voluntarily taken temporary salary reductions ranging from 15% to 20% of their base salary. In addition, we instituted a reduction for certain other salaried employees, at lower percentages, and suspended our voluntary match under the executive deferred compensation retirement plan and our 401(k) plan. Further, our board of directors voluntarily agreed to a 20% reduction of their cash compensation. These reductions were effective during the second quarter of 2020 and into the third quarter of 2020. On March 27, 2020, in response to the COVID-19 pandemic, the U.S. Congress enacted the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), which among other things, contains provisions for deferral of the employer portion of social security taxes incurred through the end of calendar 2020. Based on our evaluation of the CARES Act, we qualified for certain provisions of income tax relief and the deferral of certain payroll tax payments. Additionally, other governments in jurisdictions where the we operate passed legislation to provide employers with wage subsidy grants and deferral of certain payroll related expenses and tax payments. Most notably was the Canada Emergency Wage Subsidy (“CEWS”) which helps employers offset a portion of their employee salaries and wages for a limited period. We elected to treat qualified government subsidies from Canada and other governments as offsets to the related operating expenses. For additional risks relating to the COVID-19 pandemic and its impact on us and our oil and gas industry clients, see Part II, Item 1A “Risk Factors” of this report. Basis for presentation. These interim condensed consolidated financial statements are unaudited, but in the opinion of our management, reflect all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of results for such periods. The condensed consolidated balance sheet at December 31, 2019 is derived from the December 31, 2019 audited consolidated financial statements. The results of operations for any interim period are not necessarily indicative of results for the full year. Certain disclosures have been condensed or omitted from the interim financial statements included in this report. Therefore, these financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in our Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission on March 16, 2020 (“the 2019 Form 10-K”). Use of estimates. Our accounting policies conform to Generally Accepted Accounting Principles in the United States (“GAAP”). The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect our reported financial position and results of operations. We review significant estimates and judgments affecting our consolidated financial statements on a recurring basis and record the effect of any necessary adjustments prior to their publication. Estimates and judgments are based on information available at the time such estimates and judgments are made. Adjustments made with respect to the use of these estimates and judgments often relate to information not previously available. Uncertainties with respect to such estimates and judgments are inherent in the preparation of financial statements. Estimates and judgments are used in, among other things, (1) aspects of revenue recognition, (2) valuation of acquisition related tangible and intangible assets and assessments of all long-lived assets for possible impairment, (3) estimating various factors used to accrue liabilities for workers’ compensation, auto, medical and general liability, (4) establishing an allowance for uncollectible accounts receivable, (5) estimating the useful lives of our assets, (6) assessing future tax exposure and the realization of tax assets, (7) selecting assumptions used in the measurement of costs and liabilities associated with defined benefit pension plans and (8) managing our foreign currency risk with certain debt obligations associated with net investments in foreign operations. Fair value of financial instruments . Our financial instruments consist primarily of cash, cash equivalents, accounts receivable, accounts payable and debt obligations. The carrying amount of cash, cash equivalents, accounts receivable and accounts payable are representative of their respective fair values due to the short-term maturity of these instruments. The fair value of our banking facility is representative of the carrying value based upon the variable terms and management’s opinion that the current rates available to us with the same maturity and security structure are equivalent to that of the banking facility. The fair value of our convertible senior notes as of June 30, 2020 and December 31, 2019 is $146.3 million and $241.7 million, respectively, (inclusive of the fair value of the conversion option) and is a “Level 2” (as defined in Note 13) measurement, determined based on the observed trading price of these instruments. Concentration of credit risk. No single customer accounts for more than 10% of consolidated revenues. Earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) available to Team shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) available to Team shareholders by the sum of (1) the weighted-average number of shares of common stock outstanding during the period, (2) the dilutive effect of the assumed exercise of share-based compensation using the treasury stock method and (3) the dilutive effect of the assumed conversion of our convertible senior notes under the treasury stock method. Our intent is to settle the principal amount of the convertible senior notes in cash upon conversion. If the conversion value exceeds the principal amount, we may elect to deliver shares of our common stock with respect to the remainder of our conversion obligation in excess of the aggregate principal amount (the “conversion spread”). Accordingly, the conversion spread is included in the denominator for the computation of diluted earnings per common share using the treasury stock method. Amounts used in basic and diluted earnings (loss) per share, for the three and six months ended June 30, 2020 and 2019, are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Weighted-average number of basic shares outstanding 30,628 30,270 30,584 30,250 Stock options, stock units and performance awards — 197 — — Convertible Senior Notes — — — — Total shares and dilutive securities 30,628 30,467 30,584 30,250 For both the three and six months ended June 30, 2020 and six months ended June 30, 2019, all outstanding share-based compensation awards were excluded from the calculation of diluted loss per share because their inclusion would be antidilutive due to the net loss in those periods. Also, for both the three and six months ended June 30, 2020 and 2019, the convertible senior notes were excluded from diluted loss per share because the conversion price exceeded the average price of our common stock during those periods. For information on our convertible senior notes and our share-based compensation awards, refer to Note 10 and Note 14, respectively. Newly Adopted Accounting Principles Topic 326 - Credit Losses. In June 2016, the FASB issued Accounting Standard Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses , which established ASC Topic 326, Credit Losses (“ASC 326”). Along with subsequent ASUs to clarify certain provisions, ASC 326 introduced a new impairment model for financial instruments that is based on expected credit losses rather than incurred credit losses. The new impairment model applies to most financial assets measured at amortized cost, including trade accounts receivable. We adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts are reported in accordance with previously applicable GAAP based on incurred credit losses. The cumulative effect of adoption on January 1, 2020 resulted in a $1.0 million decrease, net of tax, to beginning retained earnings on our consolidated balance sheet. Refer to Note 3 for further discussion of ASC 326 ASU No. 2018-15. In August 2018, the FASB issued ASU No. 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (“ASU 2018-15”), that requires implementation costs incurred in cloud computing arrangements to be deferred and recognized over the term of the arrangement, if those costs would be capitalized in a software licensing arrangement under the internal-use software guidance in Topic 350. ASU 2018-15 requires an entity to disclose the nature of its hosting arrangements that are service contracts and provide disclosures as if the deferred implementation costs were a separate, major depreciable asset class. Our adoption of ASU No. 2018-15 as of January 1, 2020 resulted in a reduction of $4.9 million from property, plant, and equipment with $0.9 million reclassified to other current assets and $4.0 million reclassified to other non-current assets on our consolidated balance sheet. Accounting Principles Not Yet Adopted ASU No. 2019-12. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes , that simplifies the accounting for income taxes by eliminating some exceptions to the general approach in ASC 740, Income Taxes as well as clarifies aspects of existing guidance to promote more consistent application. ASU 2019-12 clarifies and amends existing guidance related to intraperiod tax allocation and calculations, recognition of deferred taxes for change in ownership group, evaluation of a step-up in the tax basis of goodwill and other clarifications. We are currently evaluating the impact this ASU will have on our financial statements and we plan to adopt it as of January 1, 2021. ASU No. 2020-04. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The guidance provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another rate that is expected to be discontinued. The amendments in ASU 2020-04 are effective for all entities as of March 12, 2020 through December 31, 2022. We are currently determining whether we will elect the optional expedients as well as evaluating the impact of this guidance on our consolidated financial position, results of operations, and cash flows.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE In accordance with ASC 606, Revenue from Contracts with Customers , we follow a five-step process to recognize revenue: (1) identify the contract with the customer, (2) identify the performance obligations, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations, and (5) recognize revenue when the performance obligations are satisfied. The majority of our contracts with customers are short-term in nature and billed on a time and materials basis, while certain other contracts are at a fixed price. Certain contracts may contain a combination of fixed and variable elements. We act as a principal and have performance obligations to provide the service itself or oversee the services provided by any subcontractors. Revenue is measured based on consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties, such as taxes assessed by governmental authorities. In contracts where the amount of consideration is variable, we consider our experience with similar contracts in estimating the amount to which we will be entitled and recognize revenues accordingly. As most of our contracts contain only one performance obligation, the allocation of a contract’s transaction price to multiple performance obligations is generally not applicable. Customers are generally billed as we satisfy our performance obligations and payment terms typically range from 30 to 90 days from the invoice date. Billings under certain fixed-price contracts may be based upon the achievement of specified milestones, while some arrangements may require advance customer payment. Our contracts do not include significant financing components since the contracts typically span less than one year. Contracts generally include an assurance type warranty clause to guarantee that the services comply with agreed specifications. The warranty period typically is 12 months or less from the date of service. Warranty expenses were not material for the three and six months ended June 30, 2020 and 2019. Revenue is recognized as (or when) the performance obligations are satisfied by transferring control over a service or product to the customer. Revenue recognition guidance prescribes two recognition methods (over time or point in time). Most of our performance obligations qualify for recognition over time because we typically perform our services on customer facilities or assets and customers receive the benefits of our services as we perform. Where a performance obligation is satisfied over time, the related revenue is also recognized over time using the method deemed most appropriate to reflect the measure of progress and transfer of control. For our time and materials contracts, we are generally able to elect the right-to-invoice practical expedient, which permits us to recognize revenue in the amount to which we have a right to invoice the customer if that amount corresponds directly with the value to the customer of our performance completed to date. For our fixed price contracts, we typically recognize revenue using the cost-to-cost method, which measures the extent of progress towards completion based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Under this method, revenue is recognized proportionately as costs are incurred. For contracts where control is transferred at a point in time, revenue is recognized at the time control of the asset is transferred to the customer, which is typically upon delivery and acceptance by the customer. Disaggregation of revenue. Essentially all of our revenues are associated with contracts with customers. A disaggregation of our revenue from contracts with customers by geographic region, by reportable operating segment and by service type is presented below (in thousands): Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 (unaudited) (unaudited) United States and Canada Other Countries Total United States and Canada Other Countries Total Revenue: IHT $ 78,234 $ 2,240 $ 80,474 $ 134,068 $ 4,590 $ 138,658 MS 67,403 25,417 92,820 107,176 37,721 144,897 Quest Integrity 10,748 5,262 16,010 24,649 7,625 32,274 Total $ 156,385 $ 32,919 $ 189,304 $ 265,893 $ 49,936 $ 315,829 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 (unaudited) (unaudited) United States and Canada Other Countries Total United States and Canada Other Countries Total Revenue: IHT $ 183,536 $ 4,819 $ 188,355 $ 257,688 $ 8,026 $ 265,714 MS 143,985 53,354 197,339 194,628 71,795 266,423 Quest Integrity 23,582 16,867 40,449 39,006 14,285 53,291 Total $ 351,103 $ 75,040 $ 426,143 $ 491,322 $ 94,106 $ 585,428 Three Months Ended June 30, 2020 (unaudited) Non-Destructive Evaluation and Testing Services Repair and Maintenance Services Heat Treating Other Total Revenue: IHT $ 62,963 $ 62 $ 10,770 $ 6,679 $ 80,474 MS — 92,094 196 530 92,820 Quest Integrity 16,010 — — — 16,010 Total $ 78,973 $ 92,156 $ 10,966 $ 7,209 $ 189,304 Three Months Ended June 30, 2019 (unaudited) Non-Destructive Evaluation and Testing Services Repair and Maintenance Services Heat Treating Other Total Revenue: IHT $ 107,991 $ 136 $ 17,511 $ 13,020 $ 138,658 MS — 142,908 920 1,069 144,897 Quest Integrity 32,274 — — — 32,274 Total $ 140,265 $ 143,044 $ 18,431 $ 14,089 $ 315,829 Six Months Ended June 30, 2020 (unaudited) Non-Destructive Evaluation and Testing Services Repair and Maintenance Services Heat Treating Other Total Revenue: IHT $ 149,370 $ 163 $ 24,916 $ 13,906 $ 188,355 MS — 194,709 675 1,955 197,339 Quest Integrity 40,449 — — — 40,449 Total $ 189,819 $ 194,872 $ 25,591 $ 15,861 $ 426,143 Six Months Ended June 30, 2019 (unaudited) Non-Destructive Evaluation and Testing Services Repair and Maintenance Services Heat Treating Other Total Revenue: IHT $ 210,927 $ 498 $ 36,304 $ 17,985 $ 265,714 MS — 262,397 1,659 2,367 266,423 Quest Integrity 53,291 — — — 53,291 Total $ 264,218 $ 262,895 $ 37,963 $ 20,352 $ 585,428 For additional information on our reportable operating segments and geographic information, refer to Note 17. Contract balances. The timing of revenue recognition, billings and cash collections results in trade accounts receivable, contract assets and contract liabilities on the consolidated balance sheets. Trade accounts receivable include billed and unbilled amounts currently due from customers and represent unconditional rights to receive consideration. The amounts due are stated at their net estimated realizable value. Refer to Notes 1 and 3 for additional information on the allowance for credit losses and our trade receivables. Contract assets include unbilled amounts typically resulting from sales under fixed-price contracts when the cost-to-cost method of revenue recognition is utilized, the revenue recognized exceeds the amount billed to the customer and the right to payment is conditional on something other than the passage of time. Amounts may not exceed their net realizable value. If we receive advances or deposits from our customers, a contract liability is recorded. Additionally, a contract liability arises if items of variable consideration result in less revenue being recorded than what is billed. Contract assets and contract liabilities are generally classified as current. Trade accounts receivable, contract assets and contract liabilities consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Trade accounts receivable, net 1 $ 195,522 $ 245,617 Contract assets 2 $ 5,876 $ 4,671 Contract liabilities 3 $ 1,232 $ 1,224 _________________ 1 Includes billed and unbilled amounts, net of allowance for credit losses. See Note 3 for details. 2 Included in the “Prepaid expenses and other current assets” line on the condensed consolidated balance sheets. 3 Included in the “Other accrued liabilities” line of the condensed consolidated balance sheets. The $1.2 million increase in our contract assets from December 31, 2019 to June 30, 2020 is due to more fixed price contracts in progress at June 30, 2020 as compared to December 31, 2019. Contract liabilities as of June 30, 2020 are associated with contracts under which customers had paid for all or a portion of the consideration in advance of the work being performed. Due to the short-term nature of our contracts, contract liability balances as of the end of any period are generally recognized as revenue in the following quarter. Contract costs. We recognize the incremental costs of obtaining contracts as selling, general and administrative expenses when incurred if the amortization period of the asset that otherwise would have been recognized is one year or less. Assets recognized for costs to obtain a contract were not material as of June 30, 2020. Costs to fulfill a contract are recorded as assets

RECEIVABLES

RECEIVABLES	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
RECEIVABLES	RECEIVABLES Accounts receivable consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Trade accounts receivable $ 145,481 $ 192,743 Unbilled receivables 59,992 62,864 Allowance for credit losses (9,951) (9,990) Total $ 195,522 $ 245,617 ASC 326 applies to financial assets measured at amortized cost, including trade and unbilled accounts receivable, and requires immediate recognition of lifetime expected credit losses. Significant factors that affect the expected collectability of our receivables include macroeconomic trends and forecasts in the oil and gas, refining, power, and petrochemical markets and changes in our results of operations and forecasts. For unbilled receivables, we consider them as short-term in nature as they are normally converted to trade receivables within 90 days, thus future changes in economic conditions will not have a significant effect on the credit loss estimate. We have identified the following factors that primarily impact the collectability of our receivables and therefore determine the pools utilized to calculate expected credit losses: (i) the aging of the receivable, (ii) any identification of known collectability concerns with specific receivables and (iii) variances in economic risk characteristics across geographic regions. For trade receivables, customers typically are provided with payment due date terms of 30 days upon issuance of an invoice. We have tracked historical loss information for our trade receivables and compiled historical credit loss percentages for different aging categories. We believe that the historical loss information we have compiled is a reasonable basis on which to determine expected credit losses for trade receivables because the composition of the trade receivables is consistent with that used in developing the historical credit-loss percentages as typically our customers and payment terms do not change significantly. Generally, a longer outstanding receivable equates to a higher percentage of the outstanding balance as current expected credit losses. We update the historical loss information for current conditions and reasonable and supportable forecasts that affect the expected collectability of the trade receivable using a loss-rate approach. We have not seen a negative trend in the current economic environment that significantly impacts our historical credit-loss percentages; however, we will continue to monitor for changes that would indicate the historical loss information is no longer a reasonable basis for the determination of our expected credit losses. Our forecasted loss rates inherently incorporate expected macroeconomic trends. A loss-rate method for estimating expected credit losses on a pooled basis is applied for each aging category for receivables that continue to exhibit similar risk characteristics. To measure expected credit losses for individual receivables with specific collectability risk, we identify specific factors based on customer-specific facts and circumstances that are unique to each customer. Customer accounts with different risk characteristics are separately identified and a specific reserve is determined for these accounts based on the assessed credit risk. We have also identified the following geographic regions in which to distinguish our trade receivables: the (i) United States, (ii) Canada, (iii) the European Union, (iv) the United Kingdom, and (v) other countries. These geographic regions are considered appropriate as they each operate in different economic environments with different foreign currencies, and therefore share similar economic risk characteristics. For each geographic region we evaluate the historical loss information and determine credit-loss percentages to apply to each aging category and individual receivable with specific risk characteristics. We estimate future expected credit losses based on forecasted changes in gross domestic product and oil demand for each region. We consider one year from the financial statement reporting date as representing a reasonable forecast period as this period aligns with the expected collectability of our trade receivables. Financial distress experienced by our customers could have an adverse impact on us in the event our customers are unable to remit payment for the products or services we provide or otherwise fulfill their obligations to us. In determining the current expected credit losses, we review macroeconomic conditions, market specific conditions, and internal forecasts to identify potential changes in our assessment. The following table shows a rollforward of the allowance for credit losses: June 30, 2020 (unaudited) Balance at beginning of period 1 $ (11,400) Provision for expected credit losses (1,122) Write-offs 2,403 Foreign exchange effects 168 Balance at end of period $ (9,951) _________________ 1 Includes $1.4 million due to the initial adoption of ASC 326 as of January 1, 2020.

INVENTORY

INVENTORY	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
INVENTORY	INVENTORY Inventory consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Raw materials $ 7,616 $ 7,555 Work in progress 2,593 2,851 Finished goods 26,601 28,789 Total $ 36,810 $ 39,195

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Land $ 6,366 $ 6,380 Buildings and leasehold improvements 58,664 59,177 Machinery and equipment 291,428 284,020 Furniture and fixtures 11,014 10,946 Capitalized Enterprise Resource Planning system development costs 45,917 46,637 Computers and computer software 18,809 22,906 Vehicles 4,472 4,642 Construction in progress 12,404 13,088 Total 449,074 447,796 Accumulated depreciation (267,764) (255,845) Property, plant and equipment, net $ 181,310 $ 191,951 Included in the table above are assets under finance leases of $5.7 million and $5.6 million as of June 30, 2020 and December 31, 2019, respectively, and accumulated amortization of $0.7 million and $0.5 million as of June 30, 2020 and December 31, 2019, respectively. Depreciation expense for the three months ended June 30, 2020 and 2019 was $7.8 million and $8.7 million, respectively. Depreciation expense for the six months ended June 30, 2020 and 2019 was $15.9 million and $17.3 million, respectively.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS Intangible assets consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Gross Accumulated Net Gross Accumulated Net Customer relationships $ 174,886 $ (69,834) $ 105,052 $ 174,940 $ (63,727) $ 111,213 Non-compete agreements 5,409 (5,409) — 5,466 (5,306) 160 Trade names 24,722 (21,422) 3,300 24,724 (21,146) 3,578 Technology 7,839 (6,358) 1,481 7,838 (5,976) 1,862 Licenses 848 (675) 173 848 (642) 206 Total $ 213,704 $ (103,698) $ 110,006 $ 213,816 $ (96,797) $ 117,019 Amortization expense of intangible assets for the three months ended June 30, 2020 and June 30, 2019 was $3.6 million and $3.7 million, respectively. Amortization of intangible assets for the six months ended June 30, 2020 and June 30, 2019 was $7.1 million and $7.2 million.

GOODWILL AND IMPAIRMENT CHARGES

GOODWILL AND IMPAIRMENT CHARGES	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOOWILL AND IMPAIRMENT CHARGES	GOODWILL AND IMPAIRMENT CHARGES The COVID-19 pandemic and subsequent mitigation efforts, which included global business and societal shutdowns and the implementation of mandatory social distancing requirements, created an unprecedented disruption to our business during the first and second quarters of 2020. These mitigation efforts coupled with the negative economic impacts to the oil and gas industry caused by the substantial decline in the global demand for oil and the concurrent surplus in the supply of oil resulting from geopolitical tensions between the Organization of Petroleum Exporting Countries and Russia regarding limits on production of oil have significantly impacted our business. Even though our services are primarily related to infrastructure support, the oil and gas industry is one of the key industries we serve and our clients have been significantly impacted as a result of these events. As our clients continue to adjust spending levels in response to the lower commodity prices, we have experienced activity reductions and pricing pressure for our products and services, primarily in our IHT and MS reporting units, which we expect to continue. In line with these rapidly changing market conditions, our market capitalization also deteriorated during the first quarter of 2020 and most significantly in late March 2020. In response to these events and the related decline in our forecasts from the COVID-19 pandemic, we announced cost-cutting measures to offset the expected impact to our business. We determined the totality of these events constituted a triggering event that required us to perform an interim goodwill impairment assessment as of March 31, 2020. We determined the fair value for each reporting unit in our goodwill impairment assessment using both a discounted cash flow analysis and a multiples based market approach for comparable companies. We utilized third-party valuation advisors to assist us with these valuations. These analyses included significant judgment, including short-term and long-term forecast of operating performance, discount rates based on our weighted average cost of capital, revenue growth rates, profitability margins, capital expenditures and the timing of future cash flows. These impairment assessments incorporate inherent uncertainties, including supply and demand for our services, utilization forecasts, pricing forecasts and future market conditions, which are difficult to predict in volatile economic environments and could result in impairment charges in future periods if actual results materially differ from the assumptions utilized in our forecasts. Based upon our impairment assessment, we determined the carrying amount of our IHT reporting unit exceeded the fair value. As a result, we recorded $191.8 million in goodwill impairment charges on our IHT segment during the three months ended March 31, 2020. The fair value of the MS and Quest Integrity reporting units exceeded their respective carrying values. There was no goodwill impairment charge during the three months ended June 30, 2020. We will continue to evaluate our goodwill and long-lived assets for potential triggering events as conditions warrant. There was $89.0 million of goodwill at June 30, 2020 and $282.0 million at December 31, 2019. The following table presents a rollforward of goodwill for the six months ended June 30, 2020 as follows (in thousands): Six Months Ended (unaudited) IHT MS Quest Integrity Total Balance, December 31, 2019 $ 193,216 $ 55,409 $ 33,381 $ 282,006 Acquisitions — — 496 496 Foreign currency adjustments (1,428) (54) (274) (1,756) Impairment charge (191,788) — — (191,788) Balance, June 30, 2020 $ — $ 55,355 $ 33,603 $ 88,958

OTHER ACCRUED LIABILITIES

OTHER ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
OTHER ACCRUED LIABILITIES	OTHER ACCRUED LIABILITIES Other accrued liabilities consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Personnel accruals $ 34,578 $ 45,934 Insurance accruals 12,559 14,289 Property, sales and other non-income related taxes 6,275 8,593 Accrued commission 1,800 3,299 Accrued interest 5,044 5,015 Other 7,479 9,376 Total $ 67,735 $ 86,506

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES We recorded an income tax provision of $1.7 million and an income tax benefit of $18.8 million for the three and six months ended June 30, 2020, respectively, compared to a benefit of $1.0 million and $0.7 million for the three and six months ended June 30, 2019. The effective tax rate was a provision of 14.2% for the three months ended June 30, 2020, compared to a benefit of 19.5% for the three months ended June 30, 2019. For the six months ended June 30, 2020 and June 30, 2019, our effective tax rate was 8.1% and 3.5%, respectively. For periods prior to June 30, 2020, we calculated the provision for income taxes during interim reporting periods by applying an estimate of the annual effective rate for the full fiscal year to the year-to-date ordinary income or loss, excluding unusual or infrequently occurring discrete items. For the quarter ended June 30, 2020, we calculated the provision for income taxes based on the year-to-date financial results. In this instance, the year-to-date calculations provided a more reliable estimate due to the fluctuations in the ordinary income or loss in the various taxing jurisdictions. Our year-to-date effective tax rate differed from the statutory tax rate due to additional tax benefits recognized related to the Coronavirus Aid, Relief and Economic Security Act ("CARES Act") enacted on March 27, 2020, the goodwill impairment, and a change in the valuation allowance. The CARES Act, among other things, includes modifications for net operating loss carryovers and carrybacks, an immediate refund of alternative minimum tax credit carryovers, and modification of the business interest deduction limitation for tax years beginning in 2019 and 2020 from 30% of adjusted taxable income ("ATI") to 50% of ATI. The CARES Act also includes a technical correction to the Tax Cuts and Jobs Act of 2017 (the "2017 Act") for qualified improvement property, which we do not expect to have a material impact on the Company. As a result of these modifications, a tax benefit in the amount of $7.3 million was recorded during the first quarter related to the carryback of net operating losses generated in certain tax years, which were previously only allowed to be carried forward, to recover income taxes paid at a higher statutory tax rate than the rate under current law. The goodwill impairment charge of $191.8 million taken during the prior quarter, a portion of which is not deductible for tax purposes, resulted in a tax benefit of $30.5 million. The year-to-date increase in the valuation allowance of $22.4 million is primarily related to the goodwill impairment and the Company’s U.S. net operating losses.

LONG-TERM DEBT, LETTERS OF CRED

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES	LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES Long-term debt consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Credit Facility revolver $ 68,759 $ 73,876 Credit Facility term loan 1 47,324 49,735 Total Credit Facility 116,083 123,611 Convertible debt 2 205,058 201,619 Finance lease obligations 5,269 5,363 Total long-term debt and finance lease obligations 326,410 330,593 Less: current portion of long-term debt and finance lease obligations 5,316 5,294 Total long-term debt and finance lease obligations, less current portion $ 321,094 $ 325,299 _________________ 1 Comprised of principal amount outstanding, less unamortized discount and issuance costs of $176 thousand as of June 30, 2020 and $265 thousand as of December 31, 2019. 2 Comprised of principal amount outstanding, less unamortized discount and issuance costs. See Convertible Debt section below for additional information. Credit Facility On June 17, 2020, we entered into an amendment and extension of our banking credit facility (the “Credit Facility”) evidenced by that certain Ninth Amendment to the Third Amended and Restated Credit Agreement (the “Ninth Amendment”), dated June 17, 2020. The Ninth Amendment extends the term of the Credit Facility to January 15, 2022, modifies our financial covenants, and revises certain other provisions under the Credit Facility, including limiting our ability to pay cash dividends. Our obligations under the Credit Facility are guaranteed by our material direct and indirect domestic subsidiaries and are secured by a lien on substantially all of ours and the guarantors’ tangible and intangible property (subject to certain specified exclusions) and by a pledge of all of the equity interests in our material direct and indirect domestic subsidiaries and 65% of the equity interests in our material first-tier foreign subsidiaries. Specifically, the Ninth Amendment amends and restates certain portions of the Credit Facility, including, without limitation, (i) increasing the Senior Secured Leverage Ratio (as defined therein) starting June 30, 2020 to 3.50 to 1, with step-downs to 3.25 to 1 for the quarter ending September 30, 2020, 2.75 to 1 for the quarter ending December 31, 2020 and 2.50 to 1 for the quarter ending March 31, 2021 and thereafter; (ii) eliminating the Maximum Net Leverage Ratio (as defined therein) until March 31, 2021 at which time it is set at a ratio of 5.50 to 1 for the quarter ending March 31, 2021 with a step-down to 4.50 to 1 for the quarter ending June 30, 2021 and thereafter; (iii) postponing and decreasing the Minimum Debt Service Coverage Ratio (as defined therein) to 1.00 to 1 for the quarter ending September 30, 2020 with a step-up to 1.25 to 1 for the quarter ending December 31, 2020 and thereafter; (iv) adding a Minimum Consolidated EBITDA (as defined therein) measured cumulatively with Consolidated EBITDA (as defined therein) generated from April 1, 2020 through June 30, 2020 of $6.5 million as of June 30, 2020, April 1, 2020 through September 30, 2020 of $18.5 million as of September 30, 2020 and April 1, 2020 through December 31, 2020 of $50.5 million as of December 31, 2020; and (v) reducing the size of the availability under the revolving portion of the Credit Facility from $225 million to $200 million. No changes were made to the term loan borrowing except the maturity date of January 15, 2022. Both the revolving loan facility and term loan bear interest based on a variable Eurodollar rate option and the revolving loan commitment have commitment fees on unused borrowing capacity. The Eurodollar rate applicable margin range was modified to a range of 2.75% to 4.25% (the Eurodollar rate is also subject to a 1.00% floor). The commitment fee range was also revised to a range of 0.35% to 0.55%. At June 30, 2020, both the revolving loan facility and term loan bear interest based on a variable Eurodollar rate option of LIBOR plus 4.25% margin and commitment fees on unused borrowing capacity of 0.55%. As of June 30, 2020, the senior secured leverage ratio is 2.51 to 1 and we are in compliance with the covenants in effect as of such date. At June 30, 2020, we had $15.6 million of cash on hand, approximately $53 million of available borrowing capacity through our Credit Facility and $3.2 million of unamortized debt issuance costs and debt discount that are being amortized over the life of the Credit Facility. Our ability to maintain compliance with the financial covenants is dependent upon our future operating performance and future financial condition, both of which are subject to various risks and uncertainties. The effects of the COVID-19 pandemic and the decline in oil and gas end markets could have a significant adverse effect on our financial position and business condition, as well as our clients and suppliers. Additionally, these events may, among other factors, impact our ability to generate cash flows from operations, access the capital markets on acceptable terms or at all, and affect our future need or ability to borrow under our Credit Facility. In addition to our current sources of funding our business, the effects of such events may impact our liquidity or our need to revise our allocation or sources of capital, implement further cost reduction measures and/or change our business strategy. Although the COVID-19 pandemic and decline in the oil and gas end markets could have a broad range of effects on our liquidity sources, the effects will depend on future developments and cannot be predicted at this time. In order to secure our casualty insurance programs we are required to post letters of credit generally issued by a bank as collateral. A letter of credit commits the issuer to remit specified amounts to the holder, if the holder demonstrates that we failed to meet our obligations under the letter of credit. If this were to occur, we would be obligated to reimburse the issuer for any payments the issuer was required to remit to the holder of the letter of credit. We were contingently liable for outstanding stand-by letters of credit totaling $17.7 million at June 30, 2020 and $20.5 million at December 31, 2019. Outstanding letters of credit reduce amounts available under our Credit Facility and are considered as having been funded for purposes of calculating our financial covenants under the Credit Facility. We believe that we will be able to comply with the financial covenants in the Credit Facility as modified by the Ninth Amendment and that sufficient credit remains available under the Credit Facility to meet our liquidity needs. In the event we are unable to maintain compliance with our financial covenants, we would seek to enter into another amendment to the Credit Facility with our bank group in order to modify and/or to provide relief from the financial covenants for an additional period of time. Although we have entered into amendments in the past, there can be no assurance that any future amendments would be available on terms acceptable to us, if at all. Convertible Debt Description of the Notes On July 31, 2017, we issued $230.0 million principal amount of 5.00% Convertible Senior Notes due 2023 (the “Notes”). The Notes, which are senior unsecured obligations of the Company, bear interest at a rate of 5.0% per year, payable semiannually in arrears on February 1 and August 1 of each year, beginning on February 1, 2018. The Notes will mature on August 1, 2023 unless repurchased, redeemed or converted in accordance with their terms prior to such date. The Notes will be convertible at an initial conversion rate of 46.0829 shares of our common stock per $1,000 principal amount of the Notes, which is equivalent to an initial conversion price of approximately $21.70 per share. The conversion rate, and thus the conversion price, may be adjusted under certain circumstances as described in the indenture governing the Notes. Holders may convert their Notes at their option prior to the close of business on the business day immediately preceding May 1, 2023, but only under the following circumstances: • during any calendar quarter commencing after the calendar quarter ending on December 31, 2017 (and only during such calendar quarter), if the last reported sale price of our common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; • during the five business day period after any five • if we call any or all of the Notes for redemption, at any time prior to the close of business on the business day immediately preceding the redemption date; or • upon the occurrence of specified corporate events described in the indenture governing the Notes. On or after May 1, 2023 until the close of business on the business day immediately preceding the maturity date, holders may, at their option, convert their Notes at any time, regardless of the foregoing circumstances. The Notes are initially convertible into 10,599,067 shares of common stock. Because the Notes could be convertible in full into more than 19.99% of our outstanding common stock, we were required by the listing rules of the NYSE to obtain the approval of the holders of our outstanding shares of common stock before the Notes could be converted into more than 5,964,858 shares of common stock. The Notes will be convertible into, subject to various conditions, cash or shares of the Company’s common stock or a combination of cash and shares of the Company’s common stock, in each case, at the Company’s election. If holders elect to convert the Notes in connection with certain fundamental change transactions described in the indenture governing the Notes, we will, under certain circumstances described in the indenture governing the Notes, increase the conversion rate for the Notes so surrendered for conversion. We may not redeem the Notes prior to August 5, 2021. We will have the option to redeem all or any portion of the Notes on or after August 5, 2021, if certain conditions (including that our common stock is trading at or above 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive)), including the trading day immediately preceding the date on which the Company provides notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Accounting Treatment of the Notes The Notes were recorded in our condensed consolidated balance sheets as follows (in thousands): June 30, 2020 December 31, 2019 (unaudited) Liability component: Principal $ 230,000 $ 230,000 Unamortized issuance costs (4,180) (4,756) Unamortized discount (20,762) (23,625) Net carrying amount of the liability component 1 $ 205,058 $ 201,619 Equity component: Carrying amount of the equity component, net of issuance costs 2 $ 13,912 $ 13,912 _________________ 1 Included in the “Long-term debt” line of the condensed consolidated balance sheets. 2 Relates to the portion of the Notes accounted for under ASC 470-20 (defined below) and is included in the “Additional paid-in capital” line of the condensed consolidated balance sheets. Under ASC 470-20, Debt with Conversion and Other Options , (“ASC 470-20”), an entity must separately account for the liability and equity components of convertible debt instruments that may be settled entirely or partially in cash upon conversion (such as the Notes) in a manner that reflects the issuer’s economic interest cost. However, entities must first consider the guidance in ASC 815-15, Embedded Derivatives (“ASC 815-15”), to determine if an instrument contains an embedded feature that should be separately accounted for as a derivative. We applied this guidance as of the issuance date of the Notes and concluded that for the conversion feature for a portion of the Notes, we must recognize an embedded derivative under ASC 815-15, while the remainder of the Notes is subject to ASC 470-20. We determined the portions of the Notes subject to ASC 815-15 and ASC 470-20 as follows. While the Notes are initially convertible into 10,599,067 shares of common stock, the occurrence of certain corporate events could increase the conversion rate, which could result in the Notes becoming convertible into a maximum of 14,838,703 shares. As of the issuance date of the Notes, 5,964,858 shares, or approximately 40% of the maximum number of shares, was authorized for issuance without shareholder approval, while 8,873,845 shares, or approximately 60%, would have been required to be settled in cash. Therefore, we concluded that embedded derivative accounting under ASC 815-15 was applicable to approximately 60% of the Notes, while the remaining 40% of the Notes was subject to ASC 470-20. The following table sets forth interest expense information related to the Notes (dollars in thousands): Three Months Ended Six Months Ended (unaudited) (unaudited) (unaudited) (unaudited) 2020 2019 2020 2019 Coupon interest $ 2,875 $ 2,875 $ 5,750 $ 5,750 Amortization of debt discount and issuance costs 1,732 1,585 3,439 3,146 Total interest expense on convertible senior notes $ 4,607 $ 4,460 $ 9,189 $ 8,896 Effective interest rate 9.12 % 9.12 % 9.12 % 9.12 % As of June 30, 2020, the remaining amortization period for the debt discount and issuance costs is 37 months. Derivatives and Hedging ASC 815, Derivatives and Hedging (“ASC 815”), requires that derivative instruments be recorded at fair value and included in the balance sheet as assets or liabilities. The accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative and the resulting designation, which is established at the inception date of a derivative. Special accounting for derivatives qualifying as fair value hedges allows derivatives’ gains and losses to offset related results on the hedged item in the statement of operations. For derivative instruments designated as cash flow hedges, changes in fair value, to the extent the hedge is effective, are recognized in other comprehensive income (loss) until the hedged item is recognized in earnings. Hedge effectiveness is measured at least quarterly based on the relative cumulative changes in fair value between the derivative contract and the hedged item over time. Credit risks related to derivatives include the possibility that the counter-party will not fulfill the terms of the contract. We consider counterparty credit risk to our derivative contracts when valuing our derivative instruments. Our borrowing of €12.3 million under the Credit Facility serves as an economic hedge of our net investment in our European operations as fluctuations in the fair value of the borrowing attributable to the U.S. Dollar/Euro spot rate will offset translation gains or losses attributable to our investment in our European operations. At June 30, 2020, the €12.3 million borrowing had a U.S. Dollar value of $13.8 million. The amounts recognized in other comprehensive income (loss), reclassified into income (loss) and the amounts recognized in income (loss) for the three and six months ended June 30, 2020 and 2019, are as follows (in thousands): Gain (Loss) Gain (Loss) Gain (Loss) Gain (Loss) Three Months Ended Three Months Ended Six Months Ended Six Months Ended (unaudited) (unaudited) (unaudited) (unaudited) 2020 2019 2020 2019 2020 2019 2020 2019 Derivatives Classified as Hedging Instruments Net investment hedge $ (282) $ (184) $ — $ — $ (17) $ 95 $ — $ — The following table presents the fair value totals and balance sheet classification for derivatives designated as hedges and derivatives not designated as hedges under ASC 815 (in thousands): June 30, 2020 December 31, 2019 (unaudited) Classification Balance Sheet Fair Classification Balance Sheet Fair Derivatives Classified as Hedging Instruments Net investment hedge Liability Long-term debt $ (4,169) Liability Long-term debt $ (4,186)

LEASES

LEASES	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
LEASES	LEASES We determine if an arrangement is a lease at inception. Operating leases are included in “Operating lease right-of-use (‘ROU’) assets”, “operating lease liabilities” and “current portion of operating lease obligations” on our consolidated balance sheets. Finance leases are included in “property, plant and equipment, net”, “current portion of long-term debt and finance lease obligations” and “long-term debt and finance lease obligations” on our consolidated balance sheets. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Variable lease payments and short-term lease payments (leases with initial terms less than 12 months) are expensed as incurred. We have lease agreements with lease and non-lease components for certain equipment, office, and vehicle leases. We have elected the practical expedient to not separate lease and non-lease components and account for both as a single lease component. We have operating and finance leases primarily for equipment, real estate, and vehicles. Our leases have remaining lease terms of 1 year to 14 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within 1 year. The components of lease expense are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Operating lease costs $ 7,173 $ 7,525 $ 14,691 $ 15,383 Variable lease costs 1,088 1,247 2,581 2,927 Finance lease costs: Amortization of right-of-use assets 110 20 218 108 Interest on lease liabilities 81 92 162 173 Total lease cost $ 8,452 $ 8,884 $ 17,652 $ 18,591 Other information related to leases are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Supplemental cash flow information: (unaudited) (unaudited) (unaudited) (unaudited) Cash paid for amounts included in measurement of lease liabilities Operating cash flows from operating leases 5,275 6,113 11,140 12,185 Operating cash flows from finance leases 82 85 165 220 Financing cash flows from finance leases 69 66 134 139 Right-of-use assets obtained in exchange for lease obligations Operating leases 495 1,313 1,587 7,781 Finance leases 45 290 45 290 Amounts recognized in the condensed consolidated balance sheet are as follows (in thousands): June 30, 2020 December 31, 2019 Operating Leases: (unaudited) Operating lease right-of-use assets $ 61,505 $ 67,048 Current portion of operating lease obligations 17,055 17,100 Operating lease obligations (non-current) 49,665 54,436 Weighted average remaining lease term 5.6 years 5.7 years Weighted average discount rate 7.7 % 8.3 % June 30, 2020 December 31, 2019 Finance Leases: (unaudited) Property, plant and equipment, net $ 4,978 $ 5,156 Current portion of long-term debt and finance lease obligations 316 294 Long-term debt and finance lease obligations 4,953 5,069 Weighted average remaining lease term 12.8 years 13.3 years Weighted average discount rate 6.2 % 6.3 % As of June 30, 2020, we have no material additional operating and finance leases that have not yet commenced. As of June 30, 2020, future minimum lease payments under non-cancellable leases (excluding short-term leases) are as follows (in thousands): Operating Leases Finance Lease (unaudited) (unaudited) 2020 (Remainder of the year) 12,948 357 2021 17,933 612 2022 13,583 616 2023 11,231 554 2024 9,145 542 Thereafter 20,563 5,105 Total future minimum lease payments 85,403 7,786 Less: Interest (18,683) (2,517) Present value of lease liabilities $ 66,720 $ 5,269
LEASES	LEASES We determine if an arrangement is a lease at inception. Operating leases are included in “Operating lease right-of-use (‘ROU’) assets”, “operating lease liabilities” and “current portion of operating lease obligations” on our consolidated balance sheets. Finance leases are included in “property, plant and equipment, net”, “current portion of long-term debt and finance lease obligations” and “long-term debt and finance lease obligations” on our consolidated balance sheets. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Variable lease payments and short-term lease payments (leases with initial terms less than 12 months) are expensed as incurred. We have lease agreements with lease and non-lease components for certain equipment, office, and vehicle leases. We have elected the practical expedient to not separate lease and non-lease components and account for both as a single lease component. We have operating and finance leases primarily for equipment, real estate, and vehicles. Our leases have remaining lease terms of 1 year to 14 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within 1 year. The components of lease expense are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Operating lease costs $ 7,173 $ 7,525 $ 14,691 $ 15,383 Variable lease costs 1,088 1,247 2,581 2,927 Finance lease costs: Amortization of right-of-use assets 110 20 218 108 Interest on lease liabilities 81 92 162 173 Total lease cost $ 8,452 $ 8,884 $ 17,652 $ 18,591 Other information related to leases are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Supplemental cash flow information: (unaudited) (unaudited) (unaudited) (unaudited) Cash paid for amounts included in measurement of lease liabilities Operating cash flows from operating leases 5,275 6,113 11,140 12,185 Operating cash flows from finance leases 82 85 165 220 Financing cash flows from finance leases 69 66 134 139 Right-of-use assets obtained in exchange for lease obligations Operating leases 495 1,313 1,587 7,781 Finance leases 45 290 45 290 Amounts recognized in the condensed consolidated balance sheet are as follows (in thousands): June 30, 2020 December 31, 2019 Operating Leases: (unaudited) Operating lease right-of-use assets $ 61,505 $ 67,048 Current portion of operating lease obligations 17,055 17,100 Operating lease obligations (non-current) 49,665 54,436 Weighted average remaining lease term 5.6 years 5.7 years Weighted average discount rate 7.7 % 8.3 % June 30, 2020 December 31, 2019 Finance Leases: (unaudited) Property, plant and equipment, net $ 4,978 $ 5,156 Current portion of long-term debt and finance lease obligations 316 294 Long-term debt and finance lease obligations 4,953 5,069 Weighted average remaining lease term 12.8 years 13.3 years Weighted average discount rate 6.2 % 6.3 % As of June 30, 2020, we have no material additional operating and finance leases that have not yet commenced. As of June 30, 2020, future minimum lease payments under non-cancellable leases (excluding short-term leases) are as follows (in thousands): Operating Leases Finance Lease (unaudited) (unaudited) 2020 (Remainder of the year) 12,948 357 2021 17,933 612 2022 13,583 616 2023 11,231 554 2024 9,145 542 Thereafter 20,563 5,105 Total future minimum lease payments 85,403 7,786 Less: Interest (18,683) (2,517) Present value of lease liabilities $ 66,720 $ 5,269

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS We have a defined benefit pension plan covering certain United Kingdom employees (the “U.K. Plan”). Net periodic pension credit includes the following components (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Interest cost 426 586 867 $ 1,179 Expected return on plan assets (558) (600) (1,135) $ (1,207) Amortization of prior service cost 8 8 16 $ 16 Net periodic pension credit $ (124) $ (6) $ (252) $ (12) The expected long-term rate of return on invested assets is determined based on the weighted average of expected returns on asset investment categories for the U.K. Plan as follows: 2.90% overall, 5.30% for equities and 2.10% for debt securities.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS We apply the provisions of ASC 820, Fair Value Measurement (“ASC 820”) which among other things, requires certain disclosures about assets and liabilities carried at fair value. As defined in ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We utilize market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. We primarily apply the market approach for recurring fair value measurements and endeavor to utilize the best information available. Accordingly, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The use of unobservable inputs is intended to allow for fair value determinations in situations in which there is little, if any, market activity for the asset or liability at the measurement date. We are able to classify fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy such that “Level 1” measurements include unadjusted quoted market prices for identical assets or liabilities in an active market, “Level 2” measurements include quoted market prices for identical assets or liabilities in an active market which have been adjusted for items such as effects of restrictions for transferability and those that are not quoted but are observable through corroboration with observable market data, including quoted market prices for similar assets, and “Level 3” measurements include those that are unobservable and of a highly subjective measure. The following table sets forth, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019. As required by ASC 820, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): June 30, 2020 (unaudited) Quoted Prices Significant Significant Total Liabilities: Net investment hedge $ — $ (4,169) $ — $ (4,169) December 31, 2019 Quoted Prices Significant Significant Total Liabilities: Net investment hedge $ — $ (4,186) $ — $ (4,186)

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION We have adopted stock incentive plans and other arrangements pursuant to which our Board of Directors (the “Board”) may grant stock options, restricted stock, stock units, stock appreciation rights, common stock or performance awards to officers, directors and key employees. At June 30, 2020, there were approximately 1.3 million restricted stock units, performance awards and stock options outstanding to officers, directors and key employees. The exercise price, terms and other conditions applicable to each form of share-based compensation under our plans are generally determined by the Compensation Committee of our Board at the time of grant and may vary. Our share-based payments consist primarily of stock units, performance awards, common stock and stock options. In May 2018, our shareholders approved the 2018 Team, Inc. Equity Incentive Plan (the “2018 Plan”), which replaced the 2016 Team, Inc. Equity Incentive Plan (the “2016 Plan”). In May 2019, our shareholders approved an amendment to the 2018 Plan to increase the number of authorized shares available for issuance. The 2018 Plan authorizes the issuance of share-based awards representing up to 1.2 million shares of common stock, plus the number of shares remaining available for issuance under the 2016 Plan, plus the number of shares subject to outstanding awards under specified prior plans that may become available for reissuance in certain circumstances. Shares issued in connection with our share-based compensation are issued out of authorized but unissued common stock. Compensation expense related to share-based compensation totaled $2.9 million and $6.1 million for the six months ended June 30, 2020 and 2019, respectively. Share-based compensation expense reflects an estimate of expected forfeitures. At June 30, 2020, $9.9 million of unrecognized compensation expense related to share-based compensation is expected to be recognized over a remaining weighted-average period of 2.4 years. Stock units are settled with common stock upon vesting unless it is not legally feasible to issue shares, in which case the value of the award is settled in cash. We determine the fair value of each stock unit based on the market price on the date of grant. Stock units generally vest in annual installments over four years and the expense associated with the units is recognized over the same vesting period. We also grant common stock to our directors, which typically vests immediately. Compensation expense related to stock units and director stock grants totaled $2.1 million and $3.6 million for the six months ended June 30, 2020 and 2019. Transactions involving our stock units and director stock grants during the six months ended June 30, 2020 are summarized below: Six Months Ended (unaudited) No. of Stock Weighted (in thousands) Stock and stock units, beginning of period 784 $ 17.35 Changes during the period: Granted — $ — Vested and settled (2) $ 19.12 Forfeited and cancelled (47) $ 17.08 Stock and stock units, end of period 735 $ 17.36 We have a performance stock unit award program whereby we grant Long-Term Performance Stock Unit (“LTPSU”) awards to our executive officers. Under this program, we communicate “target awards” to the executive officers at the beginning of a performance period. LTPSU awards cliff vest with the achievement of the performance goals and completion of the required service period. Settlement occurs with common stock as soon as practicable following the vesting date. LTPSU awards granted in 2018 (the “2018 Awards”) and 2019 (the “2019 Awards”) are subject to a two-year performance period and a concurrent two-year service period. For the 2018 and 2019 Awards, the performance goals are separated into two independent performance factors based on (i) relative shareholder return (“RTSR”) as measured against a designated peer group and (ii) results of operations over the two-year performance period, with possible payouts ranging from 0% to 200% of the target awards for each of the two performance factors. The 2018 Awards vested as of March 15, 2020 at the RTSR performance target level of 100% and the results of operations performance metric at 73% of the target level. The RTSR and the stock price milestone factors are considered to be market conditions under GAAP. For performance units subject to market conditions, we determine the fair value of the performance units based on the results of a Monte Carlo simulation, which uses market-based inputs as of the date of grant to simulate future stock returns. Compensation expense for awards with market conditions is recognized on a straight-line basis over the longer of (i) the minimum required service period and (ii) the service period derived from the Monte Carlo simulation, separately for each vesting tranche. For performance units subject to market conditions, because the expected outcome is incorporated into the grant date fair value through the Monte Carlo simulation, compensation expense is not subsequently adjusted for changes in the expected or actual performance outcome. For performance units not subject to market conditions, we determine the fair value of each performance unit based on the market price of our common stock on the date of grant. For these awards, we recognize compensation expense over the vesting term on a straight-line basis based upon the performance target that is probable of being met, subject to adjustment for changes in the expected or actual performance outcome. Compensation expense related to performance awards totaled $0.8 million and $2.5 million for the six months ended June 30, 2020 and 2019, respectively. Transactions involving our performance awards during the six months ended June 30, 2020 are summarized below: Six Months Ended (unaudited) Performance Units Subject to Market Conditions Performance Units Not Subject to Market Conditions No. of Stock Units 1 Weighted No. of Stock Units 1 Weighted (in thousands) (in thousands) Performance stock units, beginning of period 489 $ 16.49 209 $ 17.06 Changes during the period: Granted — $ — — $ — Vested and settled (89) $ 17.54 (65) $ 15.24 Forfeited and cancelled (4) $ 25.24 (28) $ 15.70 Performance stock units, end of period 396 $ 16.16 116 $ 18.42 _________________ 1 Performance units with variable payouts are shown at target level of performance. We determine the fair value of each stock option at the grant date using a Black-Scholes model and recognize the resulting expense of our stock option awards over the period during which an employee is required to provide services in exchange for the awards, usually the vesting period. Compensation expense related to stock options for the six months ended June 30, 2020 and 2019 was not material. Our options typically vest in equal annual installments over a four-year service period. Expense related to an option grant is recognized on a straight line basis over the specified vesting period for those options. Stock options generally have a ten-year term. At June 30, 2020, there are approximately 53 thousand exercisable shares outstanding at a weighted average exercise price of $32.55. Options exercisable at June 30, 2020 had a weighted-average remaining contractual life of 1.2 years and exercise prices ranged from $21.12 to $50.47.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS A summary of changes in accumulated other comprehensive loss included within shareholders’ equity is as follows (in thousands): Six Months Ended Six Months Ended (unaudited) (unaudited) Foreign Foreign Defined Benefit Pension Plans Tax Total Foreign Foreign Defined Benefit Pension Plans Tax Total Balance, beginning of period $ (26,742) $ 4,186 $ (8,021) $ 387 $ (30,190) $ (30,607) $ 3,904 $ (7,859) $ 170 $ (34,392) Other comprehensive income (loss) (6,158) (17) — 134 (6,041) 2,481 95 — 260 2,836 Balance, end of period $ (32,900) $ 4,169 $ (8,021) $ 521 $ (36,231) $ (28,126) $ 3,999 $ (7,859) $ 430 $ (31,556) The following table represents the related tax effects allocated to each component of other comprehensive income (loss) (in thousands): Six Months Ended Six Months Ended (unaudited) (unaudited) Gross Tax Net Gross Tax Net Foreign currency translation adjustments $ (6,158) $ 129 $ (6,029) $ 2,481 $ 333 $ 2,814 Foreign currency hedge (17) 5 (12) 95 (73) 22 Total $ (6,175) $ 134 $ (6,041) $ 2,576 $ 260 $ 2,836

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIESWe are subject to various lawsuits, claims and proceedings encountered in the normal conduct of business. We cannot predict with certainty the ultimate resolution of lawsuits, investigation and claims asserted against it. We do not believe that any uninsured losses that might arise from these lawsuits and proceedings will have a materially adverse effect on our consolidated financial statements. We establish a liability for loss contingencies, when information available to us indicates that it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.

SEGMENT AND GEOGRAPHIC DISCLOSU

SEGMENT AND GEOGRAPHIC DISCLOSURES	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHIC DISCLOSURES	SEGMENT AND GEOGRAPHIC DISCLOSURES ASC 280, Segment Reporting , requires us to disclose certain information about our operating segments where operating segments are defined as “components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.” We conduct operations in three segments: IHT, MS and Quest Integrity. Segment data for our three operating segments are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Revenues: IHT $ 80,474 $ 138,658 $ 188,355 $ 265,714 MS 92,820 144,897 197,339 266,423 Quest Integrity 16,010 32,274 40,449 53,291 Total $ 189,304 $ 315,829 $ 426,143 $ 585,428 Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Operating income (loss): IHT 1 $ 4,740 $ 9,497 $ (187,410) $ 11,218 MS 9,899 20,317 10,921 25,851 Quest Integrity 689 9,324 6,795 10,968 Corporate and shared support services (19,694) (26,134) (47,604) (51,561) Total $ (4,366) $ 13,004 $ (217,298) $ (3,524) _________________ 1 Includes goodwill impairment charge for IHT as discussed in Note 7 that impacted operating income (loss) for the three months ended March 31, 2020 and six months ended June 30, 2020. Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Capital expenditures 1 : IHT $ 843 $ 2,083 $ 1,884 $ 3,051 MS 2,446 2,624 6,063 4,587 Quest Integrity 1,044 1,249 2,015 2,577 Corporate and shared support services 475 2,936 1,550 5,287 Total $ 4,808 $ 8,892 $ 11,512 $ 15,502 _____________ 1 Totals may vary from amounts presented in the condensed consolidated statements of cash flows due to the timing of cash payments. Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Depreciation and amortization: IHT $ 3,746 $ 4,401 $ 7,729 $ 8,903 MS 5,475 5,518 10,906 10,932 Quest Integrity 887 999 1,773 1,920 Corporate and shared support services 1,370 1,461 2,778 2,895 Total $ 11,478 $ 12,379 $ 23,186 $ 24,650 Separate measures of Team’s assets by operating segment are not produced or utilized by management to evaluate segment performance. A geographic breakdown of our revenues for the three and six months ended June 30, 2020 and 2019 is as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Total Revenues: 1 United States $ 141,950 $ 230,563 $ 315,460 $ 436,671 Canada 14,435 35,330 35,643 54,651 Europe 23,097 34,882 51,643 63,378 Other foreign countries 9,822 15,054 23,397 30,728 Total $ 189,304 $ 315,829 $ 426,143 $ 585,428 ___________ 1 Revenues attributable to individual countries/geographic areas are based on the country of domicile of the legal entity that performs the work.

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 Our restructuring and other related charges (credits), net are summarized by program and by segment as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) OneTEAM Program Severance and related costs IHT $ 837 $ 26 $ 845 $ 128 MS 1,554 32 1,684 117 Corporate and shared support services 469 (58) 517 (37) Subtotal 2,860 — 3,046 208 Grand Total $ 2,860 $ — $ 3,046 $ 208 OneTEAM Program In the fourth quarter of 2017, we engaged outside consultants to assess all aspects of our business for improvement and cost saving opportunities. In the first quarter of 2018, we completed the design phase of the project, known as OneTEAM, for our domestic operations, and entered in the deployment phase starting in the second quarter of 2018. In the third quarter of 2019, we began the design phase of OneTEAM for our international operations which was deployed in the fourth quarter of 2019. During the first quarter of 2020, in response to COVID-19 and decline in the oil and gas end markets, we expanded and accelerated the operations and center led pillars from the OneTEAM program in order to implement permanent cost savings and identify further opportunities to optimize our organization. As part of the OneTEAM program, we eliminated certain employee positions. For the three and six months ended June 30, 2020, we incurred severance charges of $2.9 million and $3.1 million, respectively. We have incurred $11.5 million of OneTEAM severance charges cumulatively to date. As the OneTEAM program continues, we expect some additional employee positions may be identified and impacted, resulting in additional severance costs. In addition to the impacted employee positions, certain locations may be shut down or consolidated during this process. We expect the program-related expenses to continue through the end of 2020. A rollforward of our accrued severance liability associated with the OneTEAM program is presented below (in thousands): Six Months Ended (unaudited) Balance, beginning of period $ 971 Charges 3,046 Payments (3,595) Balance, end of period $ 422 For the three and six months ended June 30, 2020, we also incurred professional fees of $0.2 million and $2.0 million, respectively, associated with the OneTEAM program. For the three and six months ended June 30, 2019, we incurred professional fees of $2.7 million and $5.9 million, respectively, associated with the OneTEAM program.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis for presentation	Basis for presentation. These interim condensed consolidated financial statements are unaudited, but in the opinion of our management, reflect all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of results for such periods. The condensed consolidated balance sheet at December 31, 2019 is derived from the December 31, 2019 audited consolidated financial statements. The results of operations for any interim period are not necessarily indicative of results for the full year. Certain disclosures have been condensed or omitted from the interim financial statements included in this report. Therefore, these financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in our Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission on March 16, 2020 (“the 2019 Form 10-K”).
Use of estimates	Use of estimates. Our accounting policies conform to Generally Accepted Accounting Principles in the United States (“GAAP”). The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect our reported financial position and results of operations. We review significant estimates and judgments affecting our consolidated financial statements on a recurring basis and record the effect of any necessary adjustments prior to their publication. Estimates and judgments are based on information available at the time such estimates and judgments are made. Adjustments made with respect to the use of these estimates and judgments often relate to information not previously available. Uncertainties with respect to such estimates and judgments are inherent in the preparation of financial statements. Estimates and judgments are used in, among other things, (1) aspects of revenue recognition, (2) valuation of acquisition related tangible and intangible assets and assessments of all long-lived assets for possible impairment, (3) estimating various factors used to accrue liabilities for workers’ compensation, auto, medical and general liability, (4) establishing an allowance for uncollectible accounts receivable, (5) estimating the useful lives of our assets, (6) assessing future tax exposure and the realization of tax assets, (7) selecting assumptions used in the measurement of costs and liabilities associated with defined benefit pension plans and (8) managing our foreign currency risk with certain debt obligations associated with net investments in foreign operations.
Fair value of financial instruments	Fair value of financial instruments .
Concentration of credit risk	Concentration of credit risk. No single customer accounts for more than 10% of consolidated revenues.
Earnings (loss) per share	Earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) available to Team shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) available to Team shareholders by the sum of (1) the weighted-average number of shares of common stock outstanding during the period, (2) the dilutive effect of the assumed exercise of share-based compensation using the treasury stock method and (3) the dilutive effect of the assumed conversion of our convertible senior notes under the treasury stock method. Our intent is to settle the principal amount of the convertible senior notes in cash upon conversion. If the conversion value exceeds the principal amount, we may elect to deliver shares of our common stock with respect to the remainder of our conversion obligation in excess of the aggregate principal amount (the “conversion spread”). Accordingly, the conversion spread is included in the denominator for the computation of diluted earnings per common share using the treasury stock method.
Newly Adopted Accounting Principles	Newly Adopted Accounting Principles Topic 326 - Credit Losses. In June 2016, the FASB issued Accounting Standard Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses , which established ASC Topic 326, Credit Losses (“ASC 326”). Along with subsequent ASUs to clarify certain provisions, ASC 326 introduced a new impairment model for financial instruments that is based on expected credit losses rather than incurred credit losses. The new impairment model applies to most financial assets measured at amortized cost, including trade accounts receivable. We adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost. Results for reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts are reported in accordance with previously applicable GAAP based on incurred credit losses. The cumulative effect of adoption on January 1, 2020 resulted in a $1.0 million decrease, net of tax, to beginning retained earnings on our consolidated balance sheet. Refer to Note 3 for further discussion of ASC 326 ASU No. 2018-15. In August 2018, the FASB issued ASU No. 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (“ASU 2018-15”), that requires implementation costs incurred in cloud computing arrangements to be deferred and recognized over the term of the arrangement, if those costs would be capitalized in a software licensing arrangement under the internal-use software guidance in Topic 350. ASU 2018-15 requires an entity to disclose the nature of its hosting arrangements that are service contracts and provide disclosures as if the deferred implementation costs were a separate, major depreciable asset class. Our adoption of ASU No. 2018-15 as of January 1, 2020 resulted in a reduction of $4.9 million from property, plant, and equipment with $0.9 million reclassified to other current assets and $4.0 million reclassified to other non-current assets on our consolidated balance sheet. Accounting Principles Not Yet Adopted ASU No. 2019-12. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes , that simplifies the accounting for income taxes by eliminating some exceptions to the general approach in ASC 740, Income Taxes as well as clarifies aspects of existing guidance to promote more consistent application. ASU 2019-12 clarifies and amends existing guidance related to intraperiod tax allocation and calculations, recognition of deferred taxes for change in ownership group, evaluation of a step-up in the tax basis of goodwill and other clarifications. We are currently evaluating the impact this ASU will have on our financial statements and we plan to adopt it as of January 1, 2021. ASU No. 2020-04. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The guidance provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another rate that is expected to be discontinued. The amendments in ASU 2020-04 are effective for all entities as of March 12, 2020 through December 31, 2022. We are currently determining whether we will elect the optional expedients as well as evaluating the impact of this guidance on our consolidated financial position, results of operations, and cash flows.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Amounts used in basic and diluted earnings (loss) per share	Amounts used in basic and diluted earnings (loss) per share, for the three and six months ended June 30, 2020 and 2019, are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Weighted-average number of basic shares outstanding 30,628 30,270 30,584 30,250 Stock options, stock units and performance awards — 197 — — Convertible Senior Notes — — — — Total shares and dilutive securities 30,628 30,467 30,584 30,250

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	A disaggregation of our revenue from contracts with customers by geographic region, by reportable operating segment and by service type is presented below (in thousands): Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 (unaudited) (unaudited) United States and Canada Other Countries Total United States and Canada Other Countries Total Revenue: IHT $ 78,234 $ 2,240 $ 80,474 $ 134,068 $ 4,590 $ 138,658 MS 67,403 25,417 92,820 107,176 37,721 144,897 Quest Integrity 10,748 5,262 16,010 24,649 7,625 32,274 Total $ 156,385 $ 32,919 $ 189,304 $ 265,893 $ 49,936 $ 315,829 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 (unaudited) (unaudited) United States and Canada Other Countries Total United States and Canada Other Countries Total Revenue: IHT $ 183,536 $ 4,819 $ 188,355 $ 257,688 $ 8,026 $ 265,714 MS 143,985 53,354 197,339 194,628 71,795 266,423 Quest Integrity 23,582 16,867 40,449 39,006 14,285 53,291 Total $ 351,103 $ 75,040 $ 426,143 $ 491,322 $ 94,106 $ 585,428 Three Months Ended June 30, 2020 (unaudited) Non-Destructive Evaluation and Testing Services Repair and Maintenance Services Heat Treating Other Total Revenue: IHT $ 62,963 $ 62 $ 10,770 $ 6,679 $ 80,474 MS — 92,094 196 530 92,820 Quest Integrity 16,010 — — — 16,010 Total $ 78,973 $ 92,156 $ 10,966 $ 7,209 $ 189,304 Three Months Ended June 30, 2019 (unaudited) Non-Destructive Evaluation and Testing Services Repair and Maintenance Services Heat Treating Other Total Revenue: IHT $ 107,991 $ 136 $ 17,511 $ 13,020 $ 138,658 MS — 142,908 920 1,069 144,897 Quest Integrity 32,274 — — — 32,274 Total $ 140,265 $ 143,044 $ 18,431 $ 14,089 $ 315,829 Six Months Ended June 30, 2020 (unaudited) Non-Destructive Evaluation and Testing Services Repair and Maintenance Services Heat Treating Other Total Revenue: IHT $ 149,370 $ 163 $ 24,916 $ 13,906 $ 188,355 MS — 194,709 675 1,955 197,339 Quest Integrity 40,449 — — — 40,449 Total $ 189,819 $ 194,872 $ 25,591 $ 15,861 $ 426,143 Six Months Ended June 30, 2019 (unaudited) Non-Destructive Evaluation and Testing Services Repair and Maintenance Services Heat Treating Other Total Revenue: IHT $ 210,927 $ 498 $ 36,304 $ 17,985 $ 265,714 MS — 262,397 1,659 2,367 266,423 Quest Integrity 53,291 — — — 53,291 Total $ 264,218 $ 262,895 $ 37,963 $ 20,352 $ 585,428
Contract with Customer, Asset and Liability	Trade accounts receivable, contract assets and contract liabilities consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Trade accounts receivable, net 1 $ 195,522 $ 245,617 Contract assets 2 $ 5,876 $ 4,671 Contract liabilities 3 $ 1,232 $ 1,224 _________________ 1 Includes billed and unbilled amounts, net of allowance for credit losses. See Note 3 for details. 2 Included in the “Prepaid expenses and other current assets” line on the condensed consolidated balance sheets. 3 Included in the “Other accrued liabilities” line of the condensed consolidated balance sheets.

RECEIVABLES (Tables)

RECEIVABLES (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Summary of Accounts Receivable	Accounts receivable consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Trade accounts receivable $ 145,481 $ 192,743 Unbilled receivables 59,992 62,864 Allowance for credit losses (9,951) (9,990) Total $ 195,522 $ 245,617
Allowance for Credit Loss	The following table shows a rollforward of the allowance for credit losses: June 30, 2020 (unaudited) Balance at beginning of period 1 $ (11,400) Provision for expected credit losses (1,122) Write-offs 2,403 Foreign exchange effects 168 Balance at end of period $ (9,951) _________________ 1 Includes $1.4 million due to the initial adoption of ASC 326 as of January 1, 2020.

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Summary of Inventory	Inventory consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Raw materials $ 7,616 $ 7,555 Work in progress 2,593 2,851 Finished goods 26,601 28,789 Total $ 36,810 $ 39,195

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Land $ 6,366 $ 6,380 Buildings and leasehold improvements 58,664 59,177 Machinery and equipment 291,428 284,020 Furniture and fixtures 11,014 10,946 Capitalized Enterprise Resource Planning system development costs 45,917 46,637 Computers and computer software 18,809 22,906 Vehicles 4,472 4,642 Construction in progress 12,404 13,088 Total 449,074 447,796 Accumulated depreciation (267,764) (255,845) Property, plant and equipment, net $ 181,310 $ 191,951

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	Intangible assets consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Gross Accumulated Net Gross Accumulated Net Customer relationships $ 174,886 $ (69,834) $ 105,052 $ 174,940 $ (63,727) $ 111,213 Non-compete agreements 5,409 (5,409) — 5,466 (5,306) 160 Trade names 24,722 (21,422) 3,300 24,724 (21,146) 3,578 Technology 7,839 (6,358) 1,481 7,838 (5,976) 1,862 Licenses 848 (675) 173 848 (642) 206 Total $ 213,704 $ (103,698) $ 110,006 $ 213,816 $ (96,797) $ 117,019

GOODWILL AND IMPAIRMENT CHARG_2

GOODWILL AND IMPAIRMENT CHARGES (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of rollforward goodwill	The following table presents a rollforward of goodwill for the six months ended June 30, 2020 as follows (in thousands): Six Months Ended (unaudited) IHT MS Quest Integrity Total Balance, December 31, 2019 $ 193,216 $ 55,409 $ 33,381 $ 282,006 Acquisitions — — 496 496 Foreign currency adjustments (1,428) (54) (274) (1,756) Impairment charge (191,788) — — (191,788) Balance, June 30, 2020 $ — $ 55,355 $ 33,603 $ 88,958

OTHER ACCRUED LIABILITIES (Tabl

OTHER ACCRUED LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Summary of Other Accrued Liabilities	Other accrued liabilities consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Personnel accruals $ 34,578 $ 45,934 Insurance accruals 12,559 14,289 Property, sales and other non-income related taxes 6,275 8,593 Accrued commission 1,800 3,299 Accrued interest 5,044 5,015 Other 7,479 9,376 Total $ 67,735 $ 86,506

LONG-TERM DEBT, LETTERS OF CR_2

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consisted of the following (in thousands): June 30, 2020 December 31, 2019 (unaudited) Credit Facility revolver $ 68,759 $ 73,876 Credit Facility term loan 1 47,324 49,735 Total Credit Facility 116,083 123,611 Convertible debt 2 205,058 201,619 Finance lease obligations 5,269 5,363 Total long-term debt and finance lease obligations 326,410 330,593 Less: current portion of long-term debt and finance lease obligations 5,316 5,294 Total long-term debt and finance lease obligations, less current portion $ 321,094 $ 325,299 _________________ 1 Comprised of principal amount outstanding, less unamortized discount and issuance costs of $176 thousand as of June 30, 2020 and $265 thousand as of December 31, 2019. 2 Comprised of principal amount outstanding, less unamortized discount and issuance costs. See Convertible Debt section below for additional information.
Convertible Debt	The Notes were recorded in our condensed consolidated balance sheets as follows (in thousands): June 30, 2020 December 31, 2019 (unaudited) Liability component: Principal $ 230,000 $ 230,000 Unamortized issuance costs (4,180) (4,756) Unamortized discount (20,762) (23,625) Net carrying amount of the liability component 1 $ 205,058 $ 201,619 Equity component: Carrying amount of the equity component, net of issuance costs 2 $ 13,912 $ 13,912 _________________ 1 Included in the “Long-term debt” line of the condensed consolidated balance sheets. 2 Relates to the portion of the Notes accounted for under ASC 470-20 (defined below) and is included in the “Additional paid-in capital” line of the condensed consolidated balance sheets. The following table sets forth interest expense information related to the Notes (dollars in thousands): Three Months Ended Six Months Ended (unaudited) (unaudited) (unaudited) (unaudited) 2020 2019 2020 2019 Coupon interest $ 2,875 $ 2,875 $ 5,750 $ 5,750 Amortization of debt discount and issuance costs 1,732 1,585 3,439 3,146 Total interest expense on convertible senior notes $ 4,607 $ 4,460 $ 9,189 $ 8,896 Effective interest rate 9.12 % 9.12 % 9.12 % 9.12 %
Amounts Recognized In Other Comprehensive Income, Reclassified Into Income (Loss) and Amounts Recognized in Income (Loss)	The amounts recognized in other comprehensive income (loss), reclassified into income (loss) and the amounts recognized in income (loss) for the three and six months ended June 30, 2020 and 2019, are as follows (in thousands): Gain (Loss) Gain (Loss) Gain (Loss) Gain (Loss) Three Months Ended Three Months Ended Six Months Ended Six Months Ended (unaudited) (unaudited) (unaudited) (unaudited) 2020 2019 2020 2019 2020 2019 2020 2019 Derivatives Classified as Hedging Instruments Net investment hedge $ (282) $ (184) $ — $ — $ (17) $ 95 $ — $ —
Fair Value Totals and Balance Sheet Classification for Derivatives Designated As Hedges and Derivatives Not Designated as Hedges	The following table presents the fair value totals and balance sheet classification for derivatives designated as hedges and derivatives not designated as hedges under ASC 815 (in thousands): June 30, 2020 December 31, 2019 (unaudited) Classification Balance Sheet Fair Classification Balance Sheet Fair Derivatives Classified as Hedging Instruments Net investment hedge Liability Long-term debt $ (4,169) Liability Long-term debt $ (4,186)

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Lease, Cost	The components of lease expense are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Operating lease costs $ 7,173 $ 7,525 $ 14,691 $ 15,383 Variable lease costs 1,088 1,247 2,581 2,927 Finance lease costs: Amortization of right-of-use assets 110 20 218 108 Interest on lease liabilities 81 92 162 173 Total lease cost $ 8,452 $ 8,884 $ 17,652 $ 18,591
Schedule of Other Information Related to Leases	Other information related to leases are as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Supplemental cash flow information: (unaudited) (unaudited) (unaudited) (unaudited) Cash paid for amounts included in measurement of lease liabilities Operating cash flows from operating leases 5,275 6,113 11,140 12,185 Operating cash flows from finance leases 82 85 165 220 Financing cash flows from finance leases 69 66 134 139 Right-of-use assets obtained in exchange for lease obligations Operating leases 495 1,313 1,587 7,781 Finance leases 45 290 45 290
Amounts Recognized in Balance Sheet for Leases	Amounts recognized in the condensed consolidated balance sheet are as follows (in thousands): June 30, 2020 December 31, 2019 Operating Leases: (unaudited) Operating lease right-of-use assets $ 61,505 $ 67,048 Current portion of operating lease obligations 17,055 17,100 Operating lease obligations (non-current) 49,665 54,436 Weighted average remaining lease term 5.6 years 5.7 years Weighted average discount rate 7.7 % 8.3 % June 30, 2020 December 31, 2019 Finance Leases: (unaudited) Property, plant and equipment, net $ 4,978 $ 5,156 Current portion of long-term debt and finance lease obligations 316 294 Long-term debt and finance lease obligations 4,953 5,069 Weighted average remaining lease term 12.8 years 13.3 years Weighted average discount rate 6.2 % 6.3 %
Schedule of Finance Lease Liability	As of June 30, 2020, future minimum lease payments under non-cancellable leases (excluding short-term leases) are as follows (in thousands): Operating Leases Finance Lease (unaudited) (unaudited) 2020 (Remainder of the year) 12,948 357 2021 17,933 612 2022 13,583 616 2023 11,231 554 2024 9,145 542 Thereafter 20,563 5,105 Total future minimum lease payments 85,403 7,786 Less: Interest (18,683) (2,517) Present value of lease liabilities $ 66,720 $ 5,269
Schedule of Operating Lease Liability	As of June 30, 2020, future minimum lease payments under non-cancellable leases (excluding short-term leases) are as follows (in thousands): Operating Leases Finance Lease (unaudited) (unaudited) 2020 (Remainder of the year) 12,948 357 2021 17,933 612 2022 13,583 616 2023 11,231 554 2024 9,145 542 Thereafter 20,563 5,105 Total future minimum lease payments 85,403 7,786 Less: Interest (18,683) (2,517) Present value of lease liabilities $ 66,720 $ 5,269

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Cost (Credit)	Net periodic pension credit includes the following components (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Interest cost 426 586 867 $ 1,179 Expected return on plan assets (558) (600) (1,135) $ (1,207) Amortization of prior service cost 8 8 16 $ 16 Net periodic pension credit $ (124) $ (6) $ (252) $ (12)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities Measured on Recurring Basis	The following table sets forth, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019. As required by ASC 820, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): June 30, 2020 (unaudited) Quoted Prices Significant Significant Total Liabilities: Net investment hedge $ — $ (4,169) $ — $ (4,169) December 31, 2019 Quoted Prices Significant Significant Total Liabilities: Net investment hedge $ — $ (4,186) $ — $ (4,186)

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Summary of Transactions Involving Stock Units and Director Stock Grants	Transactions involving our stock units and director stock grants during the six months ended June 30, 2020 are summarized below: Six Months Ended (unaudited) No. of Stock Weighted (in thousands) Stock and stock units, beginning of period 784 $ 17.35 Changes during the period: Granted — $ — Vested and settled (2) $ 19.12 Forfeited and cancelled (47) $ 17.08 Stock and stock units, end of period 735 $ 17.36
Summary of Transactions Involving Performance Awards	Transactions involving our performance awards during the six months ended June 30, 2020 are summarized below: Six Months Ended (unaudited) Performance Units Subject to Market Conditions Performance Units Not Subject to Market Conditions No. of Stock Units 1 Weighted No. of Stock Units 1 Weighted (in thousands) (in thousands) Performance stock units, beginning of period 489 $ 16.49 209 $ 17.06 Changes during the period: Granted — $ — — $ — Vested and settled (89) $ 17.54 (65) $ 15.24 Forfeited and cancelled (4) $ 25.24 (28) $ 15.70 Performance stock units, end of period 396 $ 16.16 116 $ 18.42 _________________

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Summary of Changes in Accumulated Other Comprehensive Loss Included Within Shareholders' Equity	A summary of changes in accumulated other comprehensive loss included within shareholders’ equity is as follows (in thousands): Six Months Ended Six Months Ended (unaudited) (unaudited) Foreign Foreign Defined Benefit Pension Plans Tax Total Foreign Foreign Defined Benefit Pension Plans Tax Total Balance, beginning of period $ (26,742) $ 4,186 $ (8,021) $ 387 $ (30,190) $ (30,607) $ 3,904 $ (7,859) $ 170 $ (34,392) Other comprehensive income (loss) (6,158) (17) — 134 (6,041) 2,481 95 — 260 2,836 Balance, end of period $ (32,900) $ 4,169 $ (8,021) $ 521 $ (36,231) $ (28,126) $ 3,999 $ (7,859) $ 430 $ (31,556)
Related Tax Effects Allocated to Each Component of Other Comprehensive Income (Loss)	The following table represents the related tax effects allocated to each component of other comprehensive income (loss) (in thousands): Six Months Ended Six Months Ended (unaudited) (unaudited) Gross Tax Net Gross Tax Net Foreign currency translation adjustments $ (6,158) $ 129 $ (6,029) $ 2,481 $ 333 $ 2,814 Foreign currency hedge (17) 5 (12) 95 (73) 22 Total $ (6,175) $ 134 $ (6,041) $ 2,576 $ 260 $ 2,836

SEGMENT AND GEOGRAPHIC DISCLO_2

SEGMENT AND GEOGRAPHIC DISCLOSURES (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Data for our Three Operating Segments	Segment data for our three operating segments are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Revenues: IHT $ 80,474 $ 138,658 $ 188,355 $ 265,714 MS 92,820 144,897 197,339 266,423 Quest Integrity 16,010 32,274 40,449 53,291 Total $ 189,304 $ 315,829 $ 426,143 $ 585,428 Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Operating income (loss): IHT 1 $ 4,740 $ 9,497 $ (187,410) $ 11,218 MS 9,899 20,317 10,921 25,851 Quest Integrity 689 9,324 6,795 10,968 Corporate and shared support services (19,694) (26,134) (47,604) (51,561) Total $ (4,366) $ 13,004 $ (217,298) $ (3,524) _________________ 1 Includes goodwill impairment charge for IHT as discussed in Note 7 that impacted operating income (loss) for the three months ended March 31, 2020 and six months ended June 30, 2020. Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Capital expenditures 1 : IHT $ 843 $ 2,083 $ 1,884 $ 3,051 MS 2,446 2,624 6,063 4,587 Quest Integrity 1,044 1,249 2,015 2,577 Corporate and shared support services 475 2,936 1,550 5,287 Total $ 4,808 $ 8,892 $ 11,512 $ 15,502 _____________ 1 Totals may vary from amounts presented in the condensed consolidated statements of cash flows due to the timing of cash payments. Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Depreciation and amortization: IHT $ 3,746 $ 4,401 $ 7,729 $ 8,903 MS 5,475 5,518 10,906 10,932 Quest Integrity 887 999 1,773 1,920 Corporate and shared support services 1,370 1,461 2,778 2,895 Total $ 11,478 $ 12,379 $ 23,186 $ 24,650
Geographic Breakdown of Revenues	A geographic breakdown of our revenues for the three and six months ended June 30, 2020 and 2019 is as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Total Revenues: 1 United States $ 141,950 $ 230,563 $ 315,460 $ 436,671 Canada 14,435 35,330 35,643 54,651 Europe 23,097 34,882 51,643 63,378 Other foreign countries 9,822 15,054 23,397 30,728 Total $ 189,304 $ 315,829 $ 426,143 $ 585,428 ___________ 1 Revenues attributable to individual countries/geographic areas are based on the country of domicile of the legal entity that performs the work.

RESTRUCTURING AND OTHER RELAT_2

RESTRUCTURING AND OTHER RELATED CHARGES (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	Our restructuring and other related charges (credits), net are summarized by program and by segment as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) OneTEAM Program Severance and related costs IHT $ 837 $ 26 $ 845 $ 128 MS 1,554 32 1,684 117 Corporate and shared support services 469 (58) 517 (37) Subtotal 2,860 — 3,046 208 Grand Total $ 2,860 $ — $ 3,046 $ 208
Schedule of Accrued Severance Liability	A rollforward of our accrued severance liability associated with the OneTEAM program is presented below (in thousands): Six Months Ended (unaudited) Balance, beginning of period $ 971 Charges 3,046 Payments (3,595) Balance, end of period $ 422

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - Additional Information (Details)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2020employeeLocationcountry	Jun. 30, 2020employeesegmentLocationcustomercountry	Dec. 31, 2019
Accounting Policies [Abstract]
Number of operating segments | segment		3
Number of locations in which company operates (more than) | Location	200	200
Number of countries in which the company operates | country	20	20
Number of employees | employee	5,700	5,700
Significant Accounting Policies [Line Items]
Accounting Standards Update [Extensible List]		us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201602Member
Sales Revenue, Net | Customer Concentration Risk
Significant Accounting Policies [Line Items]
Number of customers accounted for more than specified percentage of consolidated revenues | customer		0
Executive Officer | Minimum
Significant Accounting Policies [Line Items]
Temporary salary reduction (percent)	0.15
Executive Officer | Maximum
Significant Accounting Policies [Line Items]
Temporary salary reduction (percent)	0.20
Board Of Directors
Significant Accounting Policies [Line Items]
Related party, decrease in cash compensation	0.20

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Convertible debt | Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of our convertible senior notes	$ 146.3	$ 241.7

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - Amounts Used In Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounting Policies [Abstract]
Weighted-average number of basic shares outstanding (in shares)	30,628	30,270	30,584	30,250
Stock options, stock units and performance awards (in shares)	0	197	0	0
Convertible Senior Notes (in shares)	0	0	0	0
Total shares and dilutive securities (in shares)	30,628	30,467	30,584	30,250

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES - New Accounting Standards - Effects of Adoption (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment to stockholders' equity	$ (218,936)	$ (227,429)		$ (436,670)	$ (447,099)	$ (436,217)	$ (457,100)
Property, plant and equipment, net	181,310			191,951
Other noncurrent assets	9,804			4,426
Accounting Standards Update 2018-15
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant and equipment, net			$ (4,900)
Other current assets			900
Other noncurrent assets			$ 4,000
Retained Earnings (Deficit)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment to stockholders' equity	$ 165,616	$ 152,088		(48,673)	$ (62,881)	$ (56,455)	(81,450)
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment to stockholders' equity				1,034			767
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings (Deficit)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustment to stockholders' equity				$ 1,034			$ 767

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]
Revenues	$ 189,304	$ 315,829	$ 426,143	[1]	$ 585,428	[1]
Non-Destructive Evaluation and Testing Services
Disaggregation of Revenue [Line Items]
Revenues	78,973	140,265	189,819		264,218
Repair and Maintenance Services
Disaggregation of Revenue [Line Items]
Revenues	92,156	143,044	194,872		262,895
Heat Treating
Disaggregation of Revenue [Line Items]
Revenues	10,966	18,431	25,591		37,963
Other
Disaggregation of Revenue [Line Items]
Revenues	7,209	14,089	15,861		20,352
United States and Canada
Disaggregation of Revenue [Line Items]
Revenues	156,385	265,893	351,103		491,322
Other Countries
Disaggregation of Revenue [Line Items]
Revenues	32,919	49,936	75,040		94,106
IHT
Disaggregation of Revenue [Line Items]
Revenues	80,474	138,658	188,355		265,714
IHT | Non-Destructive Evaluation and Testing Services
Disaggregation of Revenue [Line Items]
Revenues	62,963	107,991	149,370		210,927
IHT | Repair and Maintenance Services
Disaggregation of Revenue [Line Items]
Revenues	62	136	163		498
IHT | Heat Treating
Disaggregation of Revenue [Line Items]
Revenues	10,770	17,511	24,916		36,304
IHT | Other
Disaggregation of Revenue [Line Items]
Revenues	6,679	13,020	13,906		17,985
IHT | United States and Canada
Disaggregation of Revenue [Line Items]
Revenues	78,234	134,068	183,536		257,688
IHT | Other Countries
Disaggregation of Revenue [Line Items]
Revenues	2,240	4,590	4,819		8,026
MS
Disaggregation of Revenue [Line Items]
Revenues	92,820	144,897	197,339		266,423
MS | Non-Destructive Evaluation and Testing Services
Disaggregation of Revenue [Line Items]
Revenues	0	0	0		0
MS | Repair and Maintenance Services
Disaggregation of Revenue [Line Items]
Revenues	92,094	142,908	194,709		262,397
MS | Heat Treating
Disaggregation of Revenue [Line Items]
Revenues	196	920	675		1,659
MS | Other
Disaggregation of Revenue [Line Items]
Revenues	530	1,069	1,955		2,367
MS | United States and Canada
Disaggregation of Revenue [Line Items]
Revenues	67,403	107,176	143,985		194,628
MS | Other Countries
Disaggregation of Revenue [Line Items]
Revenues	25,417	37,721	53,354		71,795
Quest Integrity
Disaggregation of Revenue [Line Items]
Revenues	16,010	32,274	40,449		53,291
Quest Integrity | Non-Destructive Evaluation and Testing Services
Disaggregation of Revenue [Line Items]
Revenues	16,010	32,274	40,449		53,291
Quest Integrity | Repair and Maintenance Services
Disaggregation of Revenue [Line Items]
Revenues	0	0	0		0
Quest Integrity | Heat Treating
Disaggregation of Revenue [Line Items]
Revenues	0	0	0		0
Quest Integrity | Other
Disaggregation of Revenue [Line Items]
Revenues	0	0	0		0
Quest Integrity | United States and Canada
Disaggregation of Revenue [Line Items]
Revenues	10,748	24,649	23,582		39,006
Quest Integrity | Other Countries
Disaggregation of Revenue [Line Items]
Revenues	$ 5,262	$ 7,625	$ 16,867		$ 14,285
[1]	Revenues attributable to individual countries/geographic areas are based on the country of domicile of the legal entity that performs the work.

REVENUE - Contract Balances (De

REVENUE - Contract Balances (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Trade accounts receivable, net	[1]	$ 195,522	$ 245,617
Contract assets	[2]	5,876	4,671
Contract liabilities	[3]	1,232	$ 1,224
Contract asset, increase from beginning of period		$ 1,200
[1]	Includes billed and unbilled amounts, net of allowance for credit losses. See Note 3 for details.
[2]	Included in the “Prepaid expenses and other current assets” line on the condensed consolidated balance sheets.
[3]	Included in the “Other accrued liabilities” line of the condensed consolidated balance sheets.

RECEIVABLES (Details)

RECEIVABLES (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Trade accounts receivable		$ 145,481	$ 192,743
Unbilled receivables		59,992	62,864
Allowance for credit losses		(9,951)	(9,990)
Total	[1]	$ 195,522	$ 245,617
[1]	Includes billed and unbilled amounts, net of allowance for credit losses. See Note 3 for details.

RECEIVABLES - Allowance for Cre

RECEIVABLES - Allowance for Credit Losses (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2020	Jan. 01, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	[1]	$ (11,400)
Provision for expected credit losses		(1,122)
Write-offs		2,403
Foreign exchange effects		168
Balance at end of period		(9,951)
Allowance for credit loss		$ 9,951
Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit loss			$ 1,400
[1]	Includes $1.4 million due to the initial adoption of ASC 326 as of January 1, 2020.

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 7,616	$ 7,555
Work in progress	2,593	2,851
Finished goods	26,601	28,789
Total	$ 36,810	$ 39,195

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total	$ 449,074		$ 449,074		$ 447,796
Accumulated depreciation	(267,764)		(267,764)		(255,845)
Property, plant and equipment, net	181,310		181,310		191,951
Assets under finance leases	5,700		5,700		5,600
Accumulated amortization for assets under finance leases	700		700		500
Depreciation expense	7,800	$ 8,700	15,900	$ 17,300
Land
Property, Plant and Equipment [Line Items]
Total	6,366		6,366		6,380
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Total	58,664		58,664		59,177
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total	291,428		291,428		284,020
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total	11,014		11,014		10,946
Capitalized Enterprise Resource Planning system development costs
Property, Plant and Equipment [Line Items]
Total	45,917		45,917		46,637
Computers and computer software
Property, Plant and Equipment [Line Items]
Total	18,809		18,809		22,906
Vehicles
Property, Plant and Equipment [Line Items]
Total	4,472		4,472		4,642
Construction in progress
Property, Plant and Equipment [Line Items]
Total	$ 12,404		$ 12,404		$ 13,088

INTANGIBLE ASSETS - Summary of

INTANGIBLE ASSETS - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 213,704	$ 213,816
Accumulated Amortization	(103,698)	(96,797)
Net Carrying Amount	110,006	117,019
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	174,886	174,940
Accumulated Amortization	(69,834)	(63,727)
Net Carrying Amount	105,052	111,213
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,409	5,466
Accumulated Amortization	(5,409)	(5,306)
Net Carrying Amount	0	160
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	24,722	24,724
Accumulated Amortization	(21,422)	(21,146)
Net Carrying Amount	3,300	3,578
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,839	7,838
Accumulated Amortization	(6,358)	(5,976)
Net Carrying Amount	1,481	1,862
Licenses
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	848	848
Accumulated Amortization	(675)	(642)
Net Carrying Amount	$ 173	$ 206

INTANGIBLE ASSETS - Additional

INTANGIBLE ASSETS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of intangible assets	$ 3.6	$ 3.7	$ 7.1	$ 7.2

GOODWILL AND IMPAIRMENT CHARG_3

GOODWILL AND IMPAIRMENT CHARGES (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	Dec. 31, 2019
Goodwill [Line Items]
Goodwill impairment charge	$ 0		$ 0	$ 191,788	$ 0
Goodwill	88,958			88,958		$ 282,006
IHT
Goodwill [Line Items]
Goodwill impairment charge		$ 191,800		191,788
Goodwill	$ 0			$ 0		$ 193,216

GOODWILL AND IMPAIRMENT CHARG_4

GOODWILL AND IMPAIRMENT CHARGES - Goodwill Rollforward (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]
Balance at beginning of period		$ 282,006		$ 282,006
Acquisitions				496
Foreign currency adjustments				(1,756)
Goodwill impairment loss	$ 0		$ 0	(191,788)	$ 0
Balance at end of period	88,958			88,958
IHT
Goodwill [Roll Forward]
Balance at beginning of period		193,216		193,216
Acquisitions				0
Foreign currency adjustments				(1,428)
Goodwill impairment loss		(191,800)		(191,788)
Balance at end of period	0			0
MS
Goodwill [Roll Forward]
Balance at beginning of period		55,409		55,409
Acquisitions				0
Foreign currency adjustments				(54)
Goodwill impairment loss				0
Balance at end of period	55,355			55,355
Quest Integrity
Goodwill [Roll Forward]
Balance at beginning of period		$ 33,381		33,381
Acquisitions				496
Foreign currency adjustments				(274)
Goodwill impairment loss				0
Balance at end of period	$ 33,603			$ 33,603

OTHER ACCRUED LIABILITIES (Deta

OTHER ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Personnel accruals	$ 34,578	$ 45,934
Insurance accruals	12,559	14,289
Property, sales and other non-income related taxes	6,275	8,593
Accrued commission	1,800	3,299
Accrued interest	5,044	5,015
Other	7,479	9,376
Total	$ 67,735	$ 86,506

INCOME TAXES (Details)

INCOME TAXES (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
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 1,683		$ (997)	$ (18,770)	$ (664)
Effective tax rate (benefit) provision	14.20%		(19.50%)	(8.10%)	(3.50%)
CARES ACT tax benefit				$ 7,300
Goodwill impairment loss, non-deductible for tax purposes				30,500
Deferred tax asset, increase (decrease), related to goodwill impairment and net operating loss				22,400
Income Tax Contingency [Line Items]
Impairment loss	$ 0		$ 0	(191,788)	$ 0
IHT
Income Tax Contingency [Line Items]
Impairment loss		$ (191,800)		$ (191,788)

LONG-TERM DEBT, LETTERS OF CR_3

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES - Long-Term Debt Balances (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total long-term debt and finance lease obligations		$ 326,410	$ 330,593
Less: current portion of long-term debt and finance lease obligations		5,316	5,294
Total long-term debt and finance lease obligations, less current portion		321,094	325,299
Finance lease obligations		5,269	5,363
Unamortized discount and issuance costs		176	265
Total Credit Facility
Debt Instrument [Line Items]
Total long-term debt and finance lease obligations		116,083	123,611
Convertible debt
Debt Instrument [Line Items]
Total long-term debt and finance lease obligations	[1]	205,058	201,619
Credit Facility revolver | Total Credit Facility
Debt Instrument [Line Items]
Total long-term debt and finance lease obligations		68,759	73,876
Credit Facility term loan | Total Credit Facility
Debt Instrument [Line Items]
Total long-term debt and finance lease obligations	[2]	$ 47,324	$ 49,735
[1]	Comprised of principal amount outstanding, less unamortized discount and issuance costs. See Convertible Debt section below for additional information.
[2]	Comprised of principal amount outstanding, less unamortized discount and issuance costs of $176 thousand as of June 30, 2020 and $265 thousand as of December 31, 2019.

LONG-TERM DEBT, LETTERS OF CR_4

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES - Credit Facility Narrative (Details)	Jun. 17, 2020USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2019USD ($)	Aug. 30, 2019USD ($)
Debt Instrument [Line Items]
Percentage of equity interests of material first-tier foreign subsidiaries guaranteed to the line of credit facility			65.00%	65.00%
Senior secured leverage ratio			3.50	3.50
Minimum consolidated EBITDA			$ 6,500,000
Commitment fee percentage				0.55%
Cash and cash equivalents			15,550,000	$ 15,550,000				$ 12,175,000
Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.35%
Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.55%
Subsequent Event
Debt Instrument [Line Items]
Senior secured leverage ratio		2.75			3.25		2.50
Net leverage ratio						4.50	5.50
Debt service coverage ratio		1.25			1
Minimum consolidated EBITDA		$ 50,500,000			$ 18,500,000
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, floor	0.0100
Basis spread on variable rate				4.25%
LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%
LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	4.25%
Total Credit Facility
Debt Instrument [Line Items]
Unamortized debt issuance costs and debt discount			$ 3,200,000	$ 3,200,000
Senior Secured [Member]
Debt Instrument [Line Items]
Net leverage ratio			2.51	2.51
Line of Credit
Debt Instrument [Line Items]
Available borrowing capacity			$ 53,000,000	$ 53,000,000
Credit Facility revolver
Debt Instrument [Line Items]
Borrowing capacity	$ 200,000,000								$ 225,000,000
Standby Letters of Credit
Debt Instrument [Line Items]
Outstanding letters of credit			$ 17,700,000	$ 17,700,000				$ 20,500,000

LONG-TERM DEBT, LETTERS OF CR_5

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES - Convertible Debt Narrative (Details)	6 Months Ended
	Jun. 30, 2020daysshares$ / shares	Jul. 31, 2017USD ($)
Debt Instrument [Line Items]
Debt instrument, convertible, threshold percentage of stock price trigger for redemption	130.00%
Debt instrument, convertible, threshold trading days for redemption | days	20
Threshold consecutive trading days for redemption	30 days
Percentage of the maximum number of shares authorized for issuance	40.00%
Percentage of maximum number of shares that would require cash settlement	60.00%
Remaining amortization period of convertible debt	37 months
Convertible debt
Debt Instrument [Line Items]
Principal amount, long-term debt issued | $		$ 230,000,000
Interest rate on convertible debt	5.00%	5.00%
Initial conversion rate, convertible debt	46.0829
Initial conversion price, convertible debt (in dollars per share) | $ / shares	$ 21.70
Threshold trading days | days	20
Threshold consecutive trading days | days	30
Threshold percentage of stock price trigger	130.00%
Number of business days after the specified trading price criteria met that notes may be converted | days	5
Consecutive trading days, trading price criteria	5 days
Convertible debt, threshold percentage, product of common stock price and conversion price	98.00%
Number of shares into which debt is convertible (in shares) | shares	10,599,067
Shares outstanding, percentage threshold (more than)	19.99%
Convertible debt, threshold shares, approval of shareholders | shares	5,964,858
Redemption price, percentage (equal to)	100.00%
Convertible debt | Maximum
Debt Instrument [Line Items]
Number of shares into which debt is convertible (in shares) | shares	14,838,703
Number of shares that would require cash settlement | shares	8,873,845

LONG-TERM DEBT, LETTERS OF CR_6

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES - Detail of Convertible Debt Carrying Amount (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Carrying amount of the equity component, net of issuance costs	[1]	$ 13,912	$ 13,912
Convertible debt
Debt Instrument [Line Items]
Principal		230,000	230,000
Unamortized issuance costs		(4,180)	(4,756)
Unamortized discount		(20,762)	(23,625)
Net carrying amount of the liability component	[2]	$ 205,058	$ 201,619
[1]	Relates to the portion of the Notes accounted for under ASC 470-20 (defined below) and is included in the “Additional paid-in capital” line of the condensed consolidated balance sheets.
[2]	Included in the “Long-term debt” line of the condensed consolidated balance sheets.

LONG-TERM DEBT, LETTERS OF CR_7

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES - Components of Convertible Debt Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Debt Instrument [Line Items]
Amortization of debt discount and issuance costs			$ 4,191	$ 3,743
Interest expense, net	$ 7,314	$ 7,586	14,090	15,011
Convertible debt
Debt Instrument [Line Items]
Coupon interest	2,875	2,875	5,750	5,750
Amortization of debt discount and issuance costs	1,732	1,585	3,439	3,146
Interest expense, net	$ 4,607	$ 4,460	$ 9,189	$ 8,896
Effective interest rate	9.12%	9.12%	9.12%	9.12%

LONG-TERM DEBT, LETTERS OF CR_8

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES - Derivatives and Hedging Narrative (Details) - Jun. 30, 2020 € in Millions, $ in Millions	EUR (€)	USD ($)
Net Investment Hedge
Derivative [Line Items]
Borrowing under credit facility	€ 12.3	$ 13.8

LONG-TERM DEBT, LETTERS OF CR_9

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES - Amounts Recognized in Other Comprehensive Income (Loss), and Reclassified Into Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	$ (282)	$ (184)	$ (17)	$ 95
Net Investment Hedge
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income (Loss)	(282)	(184)	(17)	95
Gain (Loss) Reclassified from Other Comprehensive Income (Loss) to Earnings	$ 0	$ 0	$ 0	$ 0

LONG-TERM DEBT, LETTERS OF C_10

LONG-TERM DEBT, LETTERS OF CREDIT AND DERIVATIVES - Fair Value Totals and Balance Sheet Classification for Derivatives Designated as Hedges (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Long-term debt | Designated as Hedging Instrument | Net Investment Hedge
Derivatives, Fair Value [Line Items]
Fair value liability	$ (4,169)	$ (4,186)

LEASES - Additional Information

LEASES - Additional Information (Details)	6 Months Ended
	Jun. 30, 2020
Operating Leased Assets [Line Items]
Options to extend leases (up to)	10 years
Options to terminate leases	1 year
Minimum
Operating Leased Assets [Line Items]
Operating and finance leases, remaining lease term	1 year
Maximum
Operating Leased Assets [Line Items]
Operating and finance leases, remaining lease term	14 years

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease costs	$ 7,173	$ 7,525	$ 14,691	$ 15,383
Variable lease costs	1,088	1,247	2,581	2,927
Finance lease costs:
Amortization of right-of-use assets	110	20	218	108
Interest on lease liabilities	81	92	162	173
Total lease costs	$ 8,452	$ 8,884	$ 17,652	$ 18,591

LEASES - Other Information Rela

LEASES - Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$ 5,275	$ 6,113	$ 11,140	$ 12,185
Operating cash flows from finance leases	82	85	165	220
Financing cash flows from finance leases	69	66	134	139
Right-of-use assets obtained in exchange for lease obligations
Operating leases	495	1,313	1,587	7,781
Finance leases	$ 45	$ 290	$ 45	$ 290

LEASES - Amounts Recognized in

LEASES - Amounts Recognized in the Balance Sheet for Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Operating Leases:
Operating lease right-of-use assets	$ 61,505	$ 67,048
Current portion of operating lease obligations	17,055	17,100
Operating lease obligations (non-current)	$ 49,665	$ 54,436
Weighted average remaining lease term, operating leases	5 years 7 months 6 days	5 years 8 months 12 days
Weighted average discount rate, operating leases	7.70%	8.30%
Finance Leases:
Property, plant and equipment, net	$ 4,978	$ 5,156
Current portion of long-term debt and finance lease obligations	316	294
Long-term debt and finance lease obligations	$ 4,953	$ 5,069
Weighted average remaining lease term	12 years 9 months 18 days	13 years 3 months 18 days
Weighted average discount rate	6.20%	6.30%

LEASES - Operating and Finance

LEASES - Operating and Finance Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2020 (Remainder of the year)	$ 12,948
2021	17,933
2022	13,583
2023	11,231
2024	9,145
Thereafter	20,563
Total future minimum lease payments	85,403
Less: Interest	(18,683)
Present value of lease liabilities	66,720
Finance Lease, Liability, Payment, Due [Abstract]
2020 (Remainder of the year)	357
2021	612
2022	616
2023	554
2024	542
Thereafter	5,105
Total future minimum lease payments	7,786
Less: Interest	(2,517)
Present value of lease liabilities	$ 5,269	$ 5,363

EMPLOYEE BENEFIT PLANS - Net Pe

EMPLOYEE BENEFIT PLANS - Net Periodic Pension Cost (Credit) (Details) - U.K. Plan - Pension Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 426	$ 586	$ 867	$ 1,179
Expected return on plan assets	(558)	(600)	(1,135)	(1,207)
Amortization of prior service cost	8	8	16	16
Net periodic pension credit	$ (124)	$ (6)	$ (252)	$ (12)

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional Information (Details) - U.K. Plan - Pension Plan $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Defined Benefit Plan Disclosure [Line Items]
Weighted-average of expected returns on asset investment, percentage	2.90%
Expected contributions for current year	$ 3.7
Total contributions to date	$ 1.9
Equities
Defined Benefit Plan Disclosure [Line Items]
Weighted-average of expected returns on asset investment, percentage	5.30%
Debt Security
Defined Benefit Plan Disclosure [Line Items]
Weighted-average of expected returns on asset investment, percentage	2.10%

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value of Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - Net investment hedge - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net liabilities	$ (4,169)	$ (4,186)
Quoted Prices in Active Markets for Identical Items (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net liabilities	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net liabilities	(4,169)	(4,186)
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net liabilities	$ 0	$ 0

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details) $ / shares in Units, $ in Millions	Mar. 15, 2020	Jun. 30, 2020USD ($)perfconditions$ / sharesshares	Jun. 30, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding to officers, directors and key employees (in shares) | shares		1,300,000
Total number of shares authorized to be issued under 2018 Equity Incentive Plan (up to) (in shares) | shares		1,200,000
Share-based compensation		$ 2.9	$ 6.1
Unrecognized compensation expense related to share-based compensation		$ 9.9
Remaining weighted-average period		2 years 4 months 24 days
Exercisable stock option shares outstanding (in shares) | shares		53,000
Exercise price of stock options (in dollars per share) | $ / shares		$ 32.55
Weighted-average remaining contractual life of options exercisable		1 year 2 months 12 days
Range of prices, lower limit (in dollars per share) | $ / shares		$ 21.12
Range of prices, upper limit (in dollars per share) | $ / shares		$ 50.47
Stock and stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation		$ 2.1	3.6
Award vesting period		4 years
Long-term performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation		$ 0.8	$ 2.5
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award contractual term		10 years
2018 and 2019 | Long-term performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		2 years
Performance period		2 years
Share-based compensation award, number of performance conditions | perfconditions		2
2018 and 2019 | Long-term performance stock units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Possible payouts		0.00%
2018 and 2019 | Long-term performance stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Possible payouts		200.00%
2018 | Long-term performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested award performance target level, percentage	100.00%
Award vesting rights, performance metric, percentage	73.00%

SHARE-BASED COMPENSATION - Summ

SHARE-BASED COMPENSATION - Summary of Transactions Involving Stock Units and Director Stock Grants (Details) - Stock and stock units shares in Thousands	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Changes during the period:
Stock and stock units, beginning of period (in shares) | shares	784
Granted (in shares) | shares	0
Vested and settled (in shares) | shares	(2)
Forfeited and cancelled (in shares) | shares	(47)
Stock and stock units, end of period (in shares) | shares	735
Changes during the period:
Stock and stock units, beginning of period (in dollars per share) | $ / shares	$ 17.35
Granted (in dollars per share) | $ / shares	0
Vested and settled (in dollars per share) | $ / shares	19.12
Forfeited and cancelled (in dollars per share) | $ / shares	17.08
Stock and stock units, end of period (in dollars per share) | $ / shares	$ 17.36

SHARE-BASED COMPENSATION - Su_2

SHARE-BASED COMPENSATION - Summary of Transactions Involving Performance Awards (Details) - Long-term performance stock units shares in Thousands	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Performance Units Subject to Market Conditions
Changes during the period:
Stock and stock units, beginning of period (in shares) | shares	489	[1]
Granted (in shares) | shares	0	[1]
Vested and settled (in shares) | shares	(89)	[1]
Forfeited and cancelled (in shares) | shares	(4)	[1]
Stock and stock units, end of period (in shares) | shares	396	[1]
Changes during the period:
Stock and stock units, beginning of period (in dollars per share) | $ / shares	$ 16.49
Granted (in dollars per share) | $ / shares	0
Vested and settled (in dollars per share) | $ / shares	17.54
Forfeited and cancelled (in dollars per share) | $ / shares	25.24
Stock and stock units, end of period (in dollars per share) | $ / shares	$ 16.16
Performance Units Not Subject to Market Conditions
Changes during the period:
Stock and stock units, beginning of period (in shares) | shares	209	[1]
Granted (in shares) | shares	0	[1]
Vested and settled (in shares) | shares	(65)	[1]
Forfeited and cancelled (in shares) | shares	(28)	[1]
Stock and stock units, end of period (in shares) | shares	116	[1]
Changes during the period:
Stock and stock units, beginning of period (in dollars per share) | $ / shares	$ 17.06
Granted (in dollars per share) | $ / shares	0
Vested and settled (in dollars per share) | $ / shares	15.24
Forfeited and cancelled (in dollars per share) | $ / shares	15.70
Stock and stock units, end of period (in dollars per share) | $ / shares	$ 18.42
[1]	Performance units with variable payouts are shown at target level of performance.

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS - Summary of Changes in Accumulated Other Comprehensive Loss Included Within Shareholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			$ 436,670
Other comprehensive income (loss)	$ 3,301	$ 488	(6,175)	$ 2,576
Tax Provision	319	329	134	260
Other comprehensive income (loss), net of tax			(6,041)	2,836
Balance, end of period	218,936		218,936
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			(30,190)	(34,392)
Balance, end of period	(36,231)	(31,556)	(36,231)	(31,556)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			(26,742)	(30,607)
Other comprehensive income (loss)			(6,158)	2,481
Tax Provision			129	333
Balance, end of period	(32,900)	(28,126)	(32,900)	(28,126)
Foreign Currency Hedge
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			4,186	3,904
Other comprehensive income (loss)			(17)	95
Tax Provision			5	(73)
Balance, end of period	4,169	3,999	4,169	3,999
Defined Benefit Pension Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			(8,021)	(7,859)
Other comprehensive income (loss)			0	0
Balance, end of period	(8,021)	(7,859)	(8,021)	(7,859)
Tax Provision
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			387	170
Tax Provision			134	260
Balance, end of period	$ 521	$ 430	$ 521	$ 430

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS - Related Tax Effects Allocated to Each Component of Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Loss [Line Items]
Gross Amount	$ 3,301	$ 488	$ (6,175)	$ 2,576
Tax (provision) benefit attributable to other comprehensive income (loss)	319	329	134	260
Other comprehensive income (loss), net of tax	$ 3,620	$ 817	(6,041)	2,836
Foreign currency translation adjustments
Accumulated Other Comprehensive Loss [Line Items]
Gross Amount			(6,158)	2,481
Tax (provision) benefit attributable to other comprehensive income (loss)			129	333
Other comprehensive income (loss), net of tax			(6,029)	2,814
Foreign Currency Hedge
Accumulated Other Comprehensive Loss [Line Items]
Gross Amount			(17)	95
Tax (provision) benefit attributable to other comprehensive income (loss)			5	(73)
Other comprehensive income (loss), net of tax			$ (12)	$ 22

SEGMENT AND GEOGRAPHIC DISCLO_3

SEGMENT AND GEOGRAPHIC DISCLOSURES - Additional Information (Details)	6 Months Ended
	Jun. 30, 2020segment
Segment Reporting [Abstract]
Number of operating segments	3

SEGMENT AND GEOGRAPHIC DISCLO_4

SEGMENT AND GEOGRAPHIC DISCLOSURES - Segment Data for our Three Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 189,304	$ 315,829	$ 426,143	[1]	$ 585,428	[1]
Operating income (loss)	(4,366)	13,004	(217,298)		(3,524)
Capital expenditures	4,808	8,892	11,512	[2]	15,502	[2]
Depreciation and amortization	11,478	12,379	23,186		24,650
IHT
Segment Reporting Information [Line Items]
Revenues	80,474	138,658	188,355		265,714
MS
Segment Reporting Information [Line Items]
Revenues	92,820	144,897	197,339		266,423
Quest Integrity
Segment Reporting Information [Line Items]
Revenues	16,010	32,274	40,449		53,291
Operating segments | IHT
Segment Reporting Information [Line Items]
Revenues	80,474	138,658	188,355		265,714
Operating income (loss)	4,740	9,497	(187,410)	[3]	11,218
Capital expenditures	843	2,083	1,884	[2]	3,051	[2]
Depreciation and amortization	3,746	4,401	7,729		8,903
Operating segments | MS
Segment Reporting Information [Line Items]
Revenues	92,820	144,897	197,339		266,423
Operating income (loss)	9,899	20,317	10,921		25,851
Capital expenditures	2,446	2,624	6,063	[2]	4,587	[2]
Depreciation and amortization	5,475	5,518	10,906		10,932
Operating segments | Quest Integrity
Segment Reporting Information [Line Items]
Revenues	16,010	32,274	40,449		53,291
Operating income (loss)	689	9,324	6,795		10,968
Capital expenditures	1,044	1,249	2,015	[2]	2,577	[2]
Depreciation and amortization	887	999	1,773		1,920
Corporate and shared support services
Segment Reporting Information [Line Items]
Operating income (loss)	(19,694)	(26,134)	(47,604)		(51,561)
Capital expenditures	475	2,936	1,550	[2]	5,287	[2]
Depreciation and amortization	$ 1,370	$ 1,461	$ 2,778		$ 2,895
[1]	Revenues attributable to individual countries/geographic areas are based on the country of domicile of the legal entity that performs the work.
[2]	Totals may vary from amounts presented in the condensed consolidated statements of cash flows due to the timing of cash payments.
[3]	Includes goodwill impairment charge for IHT as discussed in Note 7 that impacted operating income (loss) for the three months ended March 31, 2020 and six months ended June 30, 2020.

SEGMENT AND GEOGRAPHIC DISCLO_5

SEGMENT AND GEOGRAPHIC DISCLOSURES - Geographic Breakdown of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	[1]	Jun. 30, 2019	[1]
Revenues from External Customers [Line Items]
Revenues	$ 189,304	$ 315,829	$ 426,143		$ 585,428
United States
Revenues from External Customers [Line Items]
Revenues	141,950	230,563	315,460		436,671
Canada
Revenues from External Customers [Line Items]
Revenues	14,435	35,330	35,643		54,651
Europe
Revenues from External Customers [Line Items]
Revenues	23,097	34,882	51,643		63,378
Other foreign countries
Revenues from External Customers [Line Items]
Revenues	$ 9,822	$ 15,054	$ 23,397		$ 30,728
[1]	Revenues attributable to individual countries/geographic areas are based on the country of domicile of the legal entity that performs the work.

RESTRUCTURING AND OTHER RELAT_3

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 and other related charges, net	$ 2,860	$ 0	$ 3,046	$ 208
OneTEAM Program
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges, net	2,860	0	3,046	208
Professional fees	200	2,700	2,000	5,900
OneTEAM Program | Severance and related costs
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges, net			3,046
Severance charges incurred cumulatively to date	11,500		11,500
OneTEAM Program | Elimination of employee positions
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges, net	2,900		3,100
IHT | OneTEAM Program | Severance and related costs | Operating segments
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges, net	837	26	845	128
MS | OneTEAM Program | Severance and related costs | Operating segments
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges, net	1,554	32	1,684	117
Corporate and shared support services | OneTEAM Program | Severance and related costs | Operating segments
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges, net	$ 469	$ (58)	$ 517	$ (37)

RESTRUCTURING AND OTHER RELAT_4

RESTRUCTURING AND OTHER RELATED CHARGES Rollforward of Liability - OneTEAM Program (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Reserve [Roll Forward]
Charges	$ 2,860	$ 0	$ 3,046	$ 208
OneTEAM Program
Restructuring Reserve [Roll Forward]
Charges	2,860	$ 0	3,046	$ 208
Severance and related costs | OneTEAM Program
Restructuring Reserve [Roll Forward]
Balance, beginning of period			971
Charges			3,046
Payments			(3,595)
Balance, end of period	$ 422		$ 422