TETRA (TTI) 10-Q 10 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	6 Months Ended
	Jun. 30, 2015	Aug. 07, 2015	Jun. 30, 2014
Document Information [Line Items]
Entity Registrant Name	TETRA TECHNOLOGIES INC
Entity Central Index Key	844,965
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 911,481,175
Entity Common Stock Shares Outstanding		80,192,311
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Product sales	$ 149,652	$ 82,871	$ 234,538	$ 159,623
Services and rentals	166,667	159,618	332,873	295,723
Total revenues	316,319	242,489	567,411	455,346
Cost of revenues:
Cost of product sales	105,084	76,706	168,663	141,735
Cost of services and rentals	102,307	108,301	205,391	208,239
Depreciation, amortization, and accretion	39,067	22,007	77,410	45,047
Total cost of revenues	246,458	207,014	451,464	395,021
Gross profit	69,861	35,475	115,947	60,325
General and administrative expense	37,472	32,270	72,741	65,690
Interest expense, net	12,340	4,604	25,226	9,315
Other (income) expense, net	1,941	1,095	1,927	(1,503)
Income (loss) before taxes	18,108	(2,494)	16,053	(13,177)
Provision (benefit) for income taxes	2,741	(944)	4,310	(5,537)
Net income (loss)	15,367	(1,550)	11,743	(7,640)
Less: income attributable to noncontrolling interest	(442)	(907)	(1,266)	(1,751)
Net income (loss) attributable to TETRA stockholders	$ 14,925	$ (2,457)	$ 10,477	$ (9,391)
Basic net income per common share:
Net income (loss) attributable to TETRA stockholders	$ 0.19	$ (0.03)	$ 0.13	$ (0.12)
Average shares outstanding	79,165	78,525	79,037	78,416
Diluted net income per common share:
Net income (loss) attributable to TETRA stockholders	$ 0.19	$ (0.03)	$ 0.13	$ (0.12)
Average diluted shares outstanding	79,915	78,525	79,506	78,416

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 15,367	$ (1,550)	$ 11,743	$ (7,640)
Foreign currency translation adjustment, including taxes of $0 and $0 in 2015 and $(750) and $446 in 2014	2,358	3,244	(7,429)	777
Comprehensive income	17,725	1,694	4,314	(6,863)
Less: comprehensive income attributable to noncontrolling interest	(442)	(907)	(1,266)	(1,751)
Comprehensive income (loss) attributable to TETRA stockholders	$ 17,283	$ 787	$ 3,048	$ (8,614)

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, taxes	$ 0	$ (750)	$ 0	$ 446

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 41,941	$ 48,384
Restricted cash	8,697	8,721
Trade accounts receivable, net of allowances for doubtful accounts of $5,299 in 2015 and $2,485 in 2014	190,908	226,966
Deferred tax asset, net	351	392
Inventories	181,942	189,357
Assets held for sale	0	2,568
Prepaid expenses and other current assets	27,634	24,463
Total current assets	451,473	500,851
Property, plant, and equipment:
Land and building	79,173	75,200
Machinery and equipment	1,359,786	1,292,734
Automobiles and trucks	51,311	57,035
Chemical plants	180,078	174,108
Construction in progress	6,894	21,483
Total property, plant, and equipment	1,677,242	1,620,560
Less accumulated depreciation	(556,428)	(496,368)
Net property, plant, and equipment	1,120,814	1,124,192
Other assets:
Goodwill	293,278	293,866
Patents, trademarks and other intangible assets, net of accumulated amortization of $46,095 in 2015 and $39,754 in 2014	99,813	105,967
Deferred tax assets, net	1,974	1,791
Other assets	36,293	40,966
Total other assets	431,358	442,590
Total assets	2,003,645	2,067,633
Current liabilities:
Trade accounts payable	79,720	119,240
Unearned income	58,884	70,688
Accrued liabilities	86,986	85,681
Current portion of long-term debt	90,000	90,074
Decommissioning and other asset retirement obligations, net of current portion	11,521	12,758
Total current liabilities	327,111	378,441
Long-term debt, net of current portion	846,112	844,961
Deferred income taxes	9,538	10,525
Decommissioning and other asset retirement obligations, net	47,887	49,983
Other liabilities	17,953	18,122
Total long-term liabilities	921,490	923,591
Equity:
Common stock, par value $0.01 per share; 100,000,000 shares authorized; 82,924,318 shares issued at June 30, 2015, and 82,322,876 shares issued at December 31, 2014	829	823
Additional paid-in capital	244,053	241,166
Treasury stock, at cost; 2,731,509 shares held at June 30, 2015, and 2,672,930 shares held at December 31, 2014	(16,664)	(16,419)
Accumulated other comprehensive income (loss)	(33,644)	(26,215)
Retained earnings	180,835	170,358
Total TETRA stockholders' equity	375,409	369,713
Noncontrolling interests	379,635	395,888
Total equity	755,044	765,601
Total liabilities and equity	$ 2,003,645	$ 2,067,633

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Trade accounts receivable, allowances for doubtful accounts	$ 5,299	$ 2,485
Other assets:
Patents, trademarks, and other intangible assets, accumulated amortization	$ 46,095	$ 39,754
Equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	82,924,318	82,322,876
Treasury stock, shares held	2,731,509	2,672,930

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Net income (loss)	$ 11,743	$ (7,640)
Reconciliation of net income (loss) to cash provided by (used in) operating activities:
Depreciation, amortization, and accretion	77,410	45,047
Provision (benefit) for deferred income taxes	(953)	(12,932)
Equity-based compensation expense	4,197	3,273
Provision for doubtful accounts	1,354	(10)
Excess decommissioning and abandoning costs	6	18,965
Other non-cash charges and credits	(109)	(3,272)
Gain on sale of assets	(2,306)	(239)
Changes in operating assets and liabilities, net of assets acquired:
Accounts receivable	31,137	10,198
Inventories	6,148	8,979
Prepaid expenses and other current assets	(2,092)	3,820
Trade accounts payable and accrued expenses	(43,079)	6,536
Decommissioning liabilities, net	(4,411)	(29,766)
Other	3,117	(2,339)
Net cash provided by (used in) operating activities	82,162	40,620
Investing activities:
Purchases of property, plant, and equipment	(73,269)	(52,240)
Acquisition of businesses, net of cash acquired	0	(18,337)
Proceeds on sale of property, plant, and equipment	3,943	4,250
Other investing activities	(323)	(935)
Net cash provided by (used in) investing activities	(69,649)	(67,262)
Financing activities:
Proceeds from long-term debt	203,871	76,450
Principal payments on long-term debt	(203,045)	(47,626)
CSI Compressco LP distributions	(18,723)	(2,508)
Proceeds from exercise of stock options	101	391
Other financing activities	(244)	(369)
Net cash provided by (used in) financing activities	(18,040)	26,338
Effect of exchange rate changes on cash	(916)	(881)
Decrease in cash and cash equivalents	(6,443)	(1,185)
Cash and cash equivalents at beginning of period	48,384	38,754
Cash and cash equivalents at end of period	41,941	37,569
Supplemental cash flow information:
Interest paid	28,418	8,916
Income taxes paid	$ 4,814	$ 6,972

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	NOTE A – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES We are a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services including well plugging and abandonment, decommissioning, and diving. We also have a limited domestic oil and gas production business. We were incorporated in Delaware in 1981 and are composed of five reporting segments organized into four divisions – Fluids, Production Testing, Compression, and Offshore. Unless the context requires otherwise, when we refer to “we,” “us,” and “our,” we are describing TETRA Technologies, Inc. and its consolidated subsidiaries on a consolidated basis. The consolidated financial statements include the accounts of our wholly owned subsidiaries. We consolidate the financial statements of CSI Compressco LP and its subsidiaries ("CCLP") as part of our Compression segment. We control CCLP through our ownership of its general partner. The public ownership share of CCLP's net assets and earnings is presented as a component of noncontrolling interest in our consolidated financial statements. Investments in unconsolidated joint ventures in which we participate are accounted for using the equity method. Our interests in oil and gas properties are proportionately consolidated. All significant intercompany accounts and transactions have been eliminated in consolidation. As a result of CCLP's acquisition of Compressor Systems, Inc. ("CSI") on August 4, 2014, our Compression Division's operations have significantly expanded. See Note B - Acquisitions for further discussion. The accompanying unaudited consolidated financial statements have been prepared in accordance with Rule 10-01 of Regulation S-X for interim financial statements required to be filed with the Securities and Exchange Commission ("SEC") and do not include all information and footnotes required by generally accepted accounting principles for complete financial statements. However, the information furnished reflects all normal recurring adjustments, which are, in the opinion of management, necessary to provide a fair statement of the results for the interim periods. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2014 . Certain previously reported financial information has been reclassified to conform to the current year period’s presentation. The impact of such reclassifications was not significant to the prior year period’s overall presentation. These reclassifications include the final allocation of the purchase price of CSI. See Note B - Acquisitions for further discussion. Beginning in 2014, and continuing into mid-2015, significant decreases in oil and natural gas commodity prices lowered the capital expenditure and operating plans of many of our customers, creating additional uncertainty regarding the expected demand for many of our products and services and the resulting cash flows from operating activities for the foreseeable future. In addition, the availability of new borrowings in the current capital markets is more limited and costly. Accordingly, we continue to implement cost reduction measures designed to lower our cost structure in the current market environment, and have taken other steps to improve our operating cash flows. In addition, we are considering certain financing transactions with a view of generating additional cash to reduce the amount of our outstanding borrowings under our credit agreement, repay or refinance certain of our senior notes, and generate additional liquidity. We believe the steps taken have enhanced our operating cash flows and will continue to enhance our operating cash flows in the future. As a result, we believe that, despite the current industry environment and activity levels, we will have adequate liquidity to fund our operations and debt obligations and maintain compliance with debt covenants through June 30, 2016, including the repayment of the $90.0 million principal amount of the Series 2006-A Senior Notes, which mature in April 2016. However, we cannot predict how an extended period of low commodity prices will affect our operations and liquidity levels. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclose contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. For further discussion of fair value measurements in connection with the allocation of the purchase price of the CSI acquisition, see Note B - Acquisitions. Actual results could differ from those estimates, and such differences could be material. Cash Equivalents We consider all highly liquid cash investments, with a maturity of three months or less when purchased, to be cash equivalents. Restricted Cash Restricted cash is classified as a current asset when it is expected to be repaid or settled in the next twelve month period. Restricted cash reported on our balance sheet as of June 30, 2015 consists primarily of escrowed cash associated with our July 2011 purchase of a heavy lift derrick barge. The escrowed cash will be released to the sellers or us in accordance with the terms of the escrow agreement. Inventories Inventories are stated at the lower of cost or market value. The cost of finished goods, raw materials, and parts and supplies are determined using the weighted average method. The cost of work in progress is determined using the specific identification method. Significant components of inventories as of June 30, 2015 , and December 31, 2014 , are as follows: June 30, 2015 December 31, 2014 (In Thousands) Finished goods $ 54,502 $ 62,188 Raw materials 3,318 5,005 Parts and supplies 53,282 51,229 Work in progress 70,840 70,935 Total inventories $ 181,942 $ 189,357 Finished goods inventories include newly manufactured clear brine fluids as well as recycled brines that are repurchased from certain customers. Recycled brines are recorded at cost, using the weighted average method. Work in progress inventory consists primarily of new compressor packages located in the CCLP fabrication facility in Midland, Texas. We provide a reserve for estimated unrealizable inventory equal to the difference between the cost of inventory and its estimated realizable value. Net Income (Loss) per Share The following is a reconciliation of the weighted average number of common shares outstanding with the number of shares used in the computations of net income (loss) per common and common equivalent share: Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Number of weighted average common shares outstanding 79,165 78,525 79,037 78,416 Assumed exercise of stock awards 750 — 469 — Average diluted shares outstanding 79,915 78,525 79,506 78,416 For the three and six month periods ended June 30, 2015, the average diluted shares outstanding excludes the impact of 3,618,107 and 3,494,752 , respectively, of average outstanding stock awards that have exercise prices in excess of the average market price, as the inclusion of these shares would have been antidilutive. For the three and six month periods ended June 30, 2014 , the average diluted shares outstanding excludes the impact of all outstanding stock awards, as the inclusion of these shares would have been antidilutive due to the net losses recorded during the periods. Services and Rentals Revenues and Costs A portion of our services and rentals revenues consist of lease rental income pursuant to operating lease arrangements for compressors and other equipment assets. For the three and six month periods ended June 30, 2015 and 2014 , the following operating lease revenues and associated costs were included in services and rentals revenues and cost of services and rentals, respectively, in the accompanying consolidated statements of operations. Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Rental revenue $ 38,242 $ 5,995 $ 91,017 $ 13,511 Cost of rental revenue $ 22,812 $ 2,119 $ 44,341 $ 4,046 Foreign Currency Translation We have designated the euro, the British pound, the Norwegian krone, the Canadian dollar, the Brazilian real, the Argentine peso, and the Mexican peso as the functional currency for our operations in Finland and Sweden, the United Kingdom, Norway, Canada, Brazil, Argentina, and certain of our operations in Mexico, respectively. The U.S. dollar is the designated functional currency for all of our other foreign operations. The cumulative translation effects of translating the accounts from the functional currencies into the U.S. dollar at current exchange rates are included as a separate component of equity. Foreign currency exchange gains and (losses) are included in Other Expense and totaled $(1.5) million and $(2.2) million during the three and six month periods ended June 30, 2015 , respectively, and $(0.2) million and $(0.9) million during the three and six months ended June 30, 2014 , respectively. Income Taxes Our consolidated effective tax rates for the three and six month periods ended June 30, 2015, include the effects of changes in our expected valuation allowance at the end of 2015 related to our deferred tax assets, such as our U.S. net operating loss carryforward. In 2014, we increased our valuation allowance, primarily on our U.S. deferred tax assets after considering all available positive and negative evidence related to the realizability of our deferred tax assets. Included in our deferred tax assets are net operating loss carryforwards and tax credits that are available to offset future income tax liabilities in the U.S. as well as in certain foreign jurisdictions. Fair Value Measurements Fair value is defined as “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” within an entity’s principal market, if any. The principal market is the market in which the reporting entity would sell the asset or transfer the liability with the greatest volume and level of activity, regardless of whether it is the market in which the entity will ultimately transact for a particular asset or liability or if a different market is potentially more advantageous. Accordingly, this exit price concept may result in a fair value that may differ from the transaction price or market price of the asset or liability. Under generally accepted accounting principles, the fair value hierarchy prioritizes inputs to valuation techniques used to measure fair value. Fair value measurements should maximize the use of observable inputs and minimize the use of unobservable inputs, where possible. Observable inputs are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs may be needed to measure fair value in situations where there is little or no market activity for the asset or liability at the measurement date and are developed based on the best information available in the circumstances, which could include the reporting entity’s own judgments about the assumptions market participants would utilize in pricing the asset or liability. We utilize fair value measurements to account for certain items and account balances within our consolidated financial statements. Fair value measurements are utilized in the allocation of purchase consideration for acquisition transactions to the assets and liabilities acquired, including intangible assets and goodwill. In addition, we utilize fair value measurements in the initial recording of our decommissioning and other asset retirement obligations. Fair value measurements may also be utilized on a nonrecurring basis, such as for the impairment of long-lived assets, including goodwill. The fair value of our financial instruments, which include cash, restricted cash, accounts receivable, short-term borrowings, and long-term debt pursuant to our bank credit agreements, approximate their carrying amounts. The aggregate fair values of our long-term Senior Notes and Senior Secured Notes (as such terms are herein defined) at June 30, 2015 and December 31, 2014, were approximately $194.2 million and $310.7 million , respectively, compared to carrying amounts of $265.0 million and $305.0 million , respectively, as current interest rates on those dates were different than the stated interest rates on the Senior Notes and Senior Secured Notes. The fair values of the CCLP Senior Notes (as herein defined) at June 30, 2015 and December 31, 2014, respectively, were approximately $336.9 million (a level 2 fair value measurement) and $354.9 million compared to a face amount of approximately $ 350.0 million (See Note C - Long-Term Debt and Other Borrowings, for further discussion). We calculate the fair values of our Senior Notes and Senior Secured Notes as of June 30, 2015 (excluding the CCLP Senior Notes, which are publicly traded) internally, using current market conditions and average cost of debt (a level 2 fair value measurement). The fair value of the liability for the WIT Water Transfer, LLC (acquired in January 2014 and doing business as TD Water Transfer) contingent purchase price consideration at June 30, 2015 , was $0 . We calculate the fair value of the liability for our contingent purchase price consideration obligation in accordance with the TD Water Transfer share purchase agreement based upon a probability weighted calculation using the actual and anticipated earnings of the acquired operations (a level 3 fair value measurement). We also utilize fair value measurements on a recurring basis in the accounting for our foreign currency forward sale derivative contracts. For these fair value measurements, we utilize the quoted value as determined by our counterparty financial institution (a level 2 fair value measurement). A summary of these fair value measurements as of June 30, 2015 and December 31, 2014, is as follows: Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description June 30, 2015 (Level 1) (Level 2) (Level 3) (In Thousands) Asset for foreign currency derivative contracts $ 128 — 128 — Liability for foreign currency derivative contracts (145 ) — (145 ) — Acquisition contingent consideration liability — — — — Net liability $ (17 ) Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description Dec 31, 2014 (Level 1) (Level 2) (Level 3) (In Thousands) Asset for foreign currency derivative contracts $ — $ — — — Liability for foreign currency derivative contracts (174 ) — (174 ) — Acquisition contingent consideration liability — — — — Net liability $ (174 ) New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, "Revenue from Contracts with Customers" (Topic 606). ASU No. 2014-09 supersedes the revenue recognition requirements in Accounting Standards Codification ("ASC") Topic 605, Revenue Recognition, and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective for our first quarter in fiscal 2017, pending a one year deferral currently under consideration by the FASB, under either full or modified retrospective adoption. Early application is not permitted. We are currently assessing the potential effects of these changes to our consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern” (Topic 250). The ASU provides guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and in certain circumstances to provide related footnote disclosures. The ASU is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early adoption is permitted. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In January 2015, the FASB issued ASU No. 2015-01, “Income Statements - Extraordinary and Unusual Items” (Sub-Topic 225-20), which eliminates from U.S. GAAP the concept of extraordinary items. The guidance eliminates the separate presentation of extraordinary items on the income statement, net of tax and the related earnings per share, but does not affect the requirement to disclose material items that are unusual in nature or occurring infrequently. The ASU is effective for the annual period beginning after December 15, 2015 and interim periods within those annual periods, with early adoption permitted, and may be applied prospectively or retrospectively. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. The ASU requires entities that have historically presented debt issuance costs as an asset to present those costs as a direct deduction from the carrying amount of the related debt liability. This presentation will result in the debt issuance costs being presented the same way debt discounts have historically been handled. The ASU does not change the recognition, measurement, or subsequent measurement guidance for debt issuance costs. The ASU is effective for the annual period beginning after December 15, 2015 and interim periods within those annual periods and is to be applied retrospectively. Early adoption is permitted. We plan to adopt this change retrospectively, and do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements [Abstract]
Acquisitions and Dispositions	NOTE B – ACQUISITIONS Acquisition of Compressor Systems, Inc. On August 4, 2014 , a subsidiary of CCLP acquired all of the outstanding capital stock of CSI, for $ 825.0 million cash (the "CSI Acquisition"). Prior to the acquisition, CSI owned one of the largest fleets of natural gas compressor packages in the United States. Headquartered in Midland, Texas, CSI fabricates, sells, and maintains natural gas compressors and provides a full range of compression products and services that covers compression needs throughout the entire natural gas production and transportation cycle to natural gas and oil producing clients. CSI derives revenues through three primary business lines: compression and related services, equipment and parts sales, and aftermarket services. Strategically, the acquisition affords the Compression Division the opportunity to capture significant synergies associated with its product and service offerings and its fabrication operations, to further penetrate new and existing markets, and to achieve administrative efficiencies and other strategic benefits. Our allocation of the purchase price to the estimated fair value of the CSI net assets is as follows (in thousands): Current assets $ 101,411 Property and equipment 571,706 Intangible assets 68,000 Goodwill 161,387 Total assets acquired 902,504 Current liabilities 77,504 Total liabilities assumed 77,504 Net assets acquired $ 825,000 The allocation of purchase price includes approximately $161.4 million allocated to deductible goodwill recorded, and is supported by the strategic benefits discussed above that are expected to be generated from the acquisition. Adjustments to the allocation of purchase price affecting inventory, property, plant, and equipment, intangible assets, and other current assets and liabilities have been reflected in the accompanying consolidated balance sheets as of June 30, 2015 and December 31, 2014. The adjustment to the previously presented goodwill balance as of December 31, 2014 was $0.1 million . These adjustments to the allocation of purchase price for long-lived assets did not have a material impact on the depreciation and amortization of these assets. The acquired property, plant, and equipment is stated at fair value, and depreciation on the acquired property, plant, and equipment is computed using the straight-line method over the estimated useful lives of each asset. Buildings are depreciated using useful lives of 15 to 30 years. Machinery and equipment is depreciated using useful lives of 2 to 16 years. Automobiles and trucks are depreciated using useful lives of 3 to 4 years. The acquired intangible assets represent approximately $33.7 million for the trademark/trade name, approximately $21.4 million for customer relationships, and approximately $12.9 million of other intangible assets that are stated at estimated fair value and are amortized on a straight-line basis over their estimated useful lives, ranging from 2 to 15 years. These identified intangible assets are recorded net of approximately $ 9.7 million of accumulated amortization as of June 30, 2015. For the three month period ended June 30, 2015 , our revenues, depreciation and amortization, and pretax earnings, excluding $8.0 million of allocated interest and administrative expense, included $ 96.3 million , $ 16.5 million , and $6.7 million , respectively, associated with the CSI Acquisition. For the six month period ended June 30, 2015 , our revenues, depreciation and amortization, and pretax earnings, excluding $15.8 million of allocated interest and administrative expense, included $167.5 million , $32.4 million , and $13.6 million , respectively, associated with the CSI Acquisition. Approximately $16.6 million of deferred financing costs related to the CSI Acquisition were incurred as of the acquisition date and included in other assets and will be amortized over the term of the related debt. An additional $9.3 million of interim financing costs related to the CSI Acquisition were incurred and reflected in other expense during the year ended December 31, 2014. Pro Forma Financial Information The pro forma information presented below has been prepared to give effect to the acquisition of CSI as if the transaction had occurred at the beginning of the period presented. The pro forma information includes the impact from the allocation of the acquisition purchase price on depreciation and amortization. The pro forma information is presented for illustrative purposes only and is based on estimates and assumptions we deemed appropriate. The following pro forma information is not necessarily indicative of the historical results that would have been achieved if the acquisition transactions had occurred in the past, and our operating results may have been different from those reflected in the pro forma information below. Therefore, the pro forma information should not be relied upon as an indication of the operating results that we would have achieved if the transaction had occurred at the beginning of the period presented or the future results that we will achieve after the transaction. Three Months Ended Six Months Ended 2014 2014 (In Thousands, Except Per Share Amounts) Revenues $ 319,807 $ 625,696 Depreciation, amortization, and accretion $ 36,892 $ 74,616 Gross profit $ 48,404 $ 89,176 Net income (loss) $ (4,496 ) $ (11,303 ) Net income (loss) attributable to TETRA stockholders $ (5,607 ) $ (14,612 ) Per share information: Net income (loss) attributable to TETRA stockholders Basic $ (0.07 ) $ (0.19 ) Diluted $ (0.07 ) $ (0.19 )

Long-Term Debt and Other Borrow

Long-Term Debt and Other Borrowings	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements [Abstract]
Long-Term Debt and Other Borrowings	NOTE C – LONG-TERM DEBT AND OTHER BORROWINGS Our consolidated capital structure changed significantly during 2014 as a result of the CSI Acquisition. Because of the increased level of consolidated debt, it is increasingly important to consider TETRA's capital structure and CCLP's capital structure separately, as we have no cross default provisions, cross collateralization provisions, or cross guarantees with CCLP's debt, nor does CCLP with TETRA's debt. Long-term debt consists of the following: June 30, 2015 December 31, 2014 (In Thousands) TETRA Scheduled Maturity Bank revolving line of credit facility September 30, 2019 $ 92,900 $ 90,000 5.90% Senior Notes, Series 2006-A April 30, 2016 90,000 90,000 6.56% Senior Notes, Series 2008-B April 30, 2015 — 90,000 5.09% Senior Notes, Series 2010-A December 15, 2017 65,000 65,000 5.67% Senior Notes, Series 2010-B December 15, 2020 25,000 25,000 4.00% Senior Notes, Series 2013 April 29, 2020 35,000 35,000 Secured Notes April 1, 2017 50,000 — Other — 74 TETRA Total debt 357,900 395,074 Less current portion (90,000 ) (90,074 ) TETRA Total long-term debt $ 267,900 $ 305,000 CCLP CCLP Bank Credit Facility August 4, 2019 233,000 195,000 CCLP 7.25% Senior Notes (presented net of unamortized discount of $4.8 million as of June 30, 2015 and December 31, 2014) August 15, 2022 345,212 344,961 CCLP total long-term debt 578,212 539,961 Consolidated total long-term debt $ 846,112 $ 844,961 We and CCLP are in compliance with all covenants and conditions of our respective debt agreements as of June 30, 2015 . Our Senior Secured Notes On March 18, 2015 , we entered into a Note Purchase Agreement (the "Note Purchase Agreement") with Wells Fargo Energy Capital, Inc., in its capacity as noteholder representative for the noteholders (the "Noteholder Representative"), and Wells Fargo Energy Capital, Inc., in its capacity as the sole initial purchaser. The Note Purchase Agreement relates to the issuance and sale of $50.0 million aggregate principal amount of Senior Secured Notes due April 1, 2017 (the "Senior Secured Notes"). On April 30, 2015, we completed the issuance and sale of the Senior Secured Notes in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The proceeds from these Senior Secured Notes were used to provide a portion of the funds necessary to repay the $90.0 million principal amount repayment of the Series 2008-B Senior Notes that matured on April 30, 2015 . The Senior Secured Notes are secured by our accounts receivable (excluding CCLP accounts receivable) and our limited partner interest in CCLP, and the related Note Purchase Agreement includes financial covenants consistent with those applicable to our existing bank revolving credit facility. The principal portion of each of the Senior Secured Notes consists of tranches that bear interest at LIBOR, as defined in the Note Purchase Agreement, plus an applicable margin ("LIBOR Tranches") and tranches that bear interest at the Base Rate plus an applicable margin ("Base Rate Tranches"), as we may request in accordance with the Note Purchase Agreement. The initial Senior Secured Note consists of a LIBOR Tranche and the interest rate at closing and as of June 30, 2015 is 3.94% per annum. We may convert the LIBOR Tranche into a Base Rate Tranche in accordance with the Note Purchase Agreement. The Note Purchase Agreement contains customary covenants and default and cross-default provisions consistent with the agreements governing our other TETRA indebtedness.

Decommissioning and Other Asset

Decommissioning and Other Asset Retirement Obligations	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements [Abstract]
Decommissioning and Other Asset Retirement Obligations	NOTE D – DECOMMISSIONING AND OTHER ASSET RETIREMENT OBLIGATIONS The large majority of our asset retirement obligations consists of the remaining future well abandonment and decommissioning costs for offshore oil and gas properties and platforms owned by our Maritech subsidiary, including the decommissioning and debris removal costs associated with its remaining offshore platforms previously destroyed by hurricanes. The amount of decommissioning liabilities recorded by Maritech is reduced by amounts allocable to joint interest owners. We also operate facilities in various U.S. and foreign locations that are used in the manufacture, storage, and sale of our products, inventories, and equipment. These facilities are a combination of owned and leased assets. The values of our asset retirement obligations for non-Maritech properties were approximately $8.7 million and $8.4 million as of June 30, 2015 and December 31, 2014 , respectively. We are required to take certain actions in connection with the retirement of these assets. We have reviewed our obligations in this regard in detail and estimated the cost of these actions. The original estimates are the fair values that have been recorded for retiring these long-lived assets. The associated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset. The costs for non-oil and gas assets are depreciated on a straight-line basis over the life of the asset. The changes in the asset retirement obligations during the three and six month periods ended June 30, 2015 , are as follows: Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 (In Thousands) Beginning balance for the period, as reported $ 62,640 $ 62,741 Activity in the period: Accretion of liability 422 841 Retirement obligations incurred — — Revisions in estimated cash flows 191 237 Settlement of retirement obligations (3,845 ) (4,411 ) Ending balance $ 59,408 $ 59,408 We review the adequacy of our decommissioning liabilities whenever indicators suggest that the estimated cash flows underlying the liabilities have changed. For our Maritech segment, the timing and amounts of these cash flows are subject to changes in the energy industry environment and other factors and may result in additional liabilities to be recorded. Asset retirement obligations are recorded in accordance with FASB ASC 410, whereby the estimated fair value of a liability for asset retirement obligations is recorded in the period in which it is incurred and in which a reasonable estimate can be made. Such estimates are based on relevant assumptions that we believe are reasonable. The cost estimates for Maritech asset retirement obligations are considered reasonable estimates consistent with current market conditions, and we believe reflect the amount of work legally required to be performed in accordance with Bureau of Safety and Environmental Enforcement ("BSEE") standards, as revised from time to time.

Market Risks and Derivative Hed

Market Risks and Derivative Hedge Contracts	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements [Abstract]
Hedge Contracts	NOTE E – MARKET RISKS AND DERIVATIVE CONTRACTS We are exposed to financial and market risks that affect our businesses. We have currency exchange rate risk exposure related to transactions denominated in a foreign currency as well as to investments in certain of our international operations. As a result of our variable rate bank credit facilities, including the variable rate credit facility of CCLP, we face market risk exposure related to changes in applicable interest rates. We have concentrations of credit risk as a result of trade receivables owed to us by companies in the energy industry. Our financial risk management activities may at times involve, among other measures, the use of derivative financial instruments, such as swap and collar agreements, to hedge the impact of market price risk exposures. Derivative Contracts Foreign Currency Derivative Contracts . As of June 30, 2015 , we and CCLP had the following foreign currency derivative contracts outstanding relating to portions of our foreign operations: Derivative Contracts US Dollar Notional Amount Traded Exchange Rate Settlement Date (In Thousands) Forward purchase Euro $ 2,403 1.12 7/17/2015 Forward purchase pounds sterling $ 7,491 1.57 7/17/2015 Forward sale Canadian dollar $ 2,918 1.25 7/17/2015 Forward sale Mexican peso $ 7,617 15.71 7/17/2015 Forward sale Norwegian krone $ 1,640 7.84 7/17/2015 Forward sale Saudi Arabia Riyal $ 1,000 3.75 7/17/2015 Forward sale Canadian dollar $ 780 1.25 7/17/2015 Forward sale Mexican peso $ 2,066 15.71 7/17/2015 Under a program designed to mitigate the currency exchange rate risk exposure on selected transactions of certain foreign subsidiaries, we and CCLP may enter into similar derivative contracts from time to time. Although contracts pursuant to this program will serve as an economic hedge of the cash flow of our currency exchange risk exposure, they will not be formally designated as hedge contracts or qualify for hedge accounting treatment. Accordingly, any change in the fair value of these derivative instruments during a period will be included in the determination of earnings for that period. The fair value of foreign currency derivative instruments are based on quoted market values as reported to us by our counterparty (a level 2 fair value measurement). The fair values of our and CCLP's foreign currency derivative instruments as of June 30, 2015 and December 31, 2014, are as follows: Foreign currency derivative instruments Balance Sheet Location Fair Value at Fair Value at December 31, 2014 (In Thousands) Forward purchase contracts Current assets $ 128 $ — Forward sale contracts Current liabilities (115 ) (91 ) Forward purchase contracts Current liabilities (30 ) (83 ) Net liability $ (17 ) $ (174 ) None of the foreign currency derivative contracts contain credit risk related contingent features that would require us to post assets or collateral for contracts that are classified as liabilities. During the three and six month periods ended June 30, 2015 , we recognized approximately $0.2 million and $0.3 million , respectively, of net gains in other income (expense) associated with our foreign currency derivative program.

Equity

Equity	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements [Abstract]
Equity	NOTE F – EQUITY Changes in equity for the three and six month periods ended June 30, 2015 and 2014 are as follows: Three Months Ended June 30, 2015 2014 TETRA Non- controlling Interest Total TETRA Non- controlling Interest Total (In Thousands) Beginning balance for the period $ 356,679 $ 387,916 $ 744,595 $ 548,062 $ 41,585 $ 589,647 Net income (loss) 14,925 442 15,367 (2,457 ) 907 (1,550 ) Foreign currency translation adjustment, including taxes of $0 in 2015 and taxes of $(750) in 2014 2,358 — 2,358 3,244 — 3,244 Comprehensive income (loss) 17,283 442 17,725 787 907 1,694 Exercise of common stock options (183 ) — (183 ) 105 — 105 Distributions to public unitholders — (9,450 ) (9,450 ) — (1,265 ) (1,265 ) Equity-based compensation 1,874 727 2,601 1,184 235 1,419 Treasury stock and other (244 ) — (244 ) (352 ) (34 ) (386 ) Tax adjustment upon cancellation of stock options — — — (132 ) — (132 ) Ending balance as of June 30 $ 375,409 $ 379,635 $ 755,044 $ 549,654 $ 41,428 $ 591,082 Six Months Ended June 30, 2015 2014 TETRA Non- Total TETRA Non- Total (In Thousands) Beginning balance for the period $ 369,713 $ 395,888 $ 765,601 $ 555,541 $ 41,957 $ 597,498 Net income (loss) 10,477 1,266 11,743 (9,391 ) 1,751 (7,640 ) Foreign currency translation adjustment, including taxes of $0 in 2015 and taxes of $446 in 2014 (7,429 ) — (7,429 ) 777 — 777 Comprehensive Income (loss) 3,048 1,266 4,314 (8,614 ) 1,751 (6,863 ) Exercise of common stock options 101 — 101 391 — 391 Distributions to public unitholders — (18,723 ) (18,723 ) — (2,508 ) (2,508 ) Equity-based compensation 2,993 1,204 4,197 2,836 437 3,273 Treasury stock and other (244 ) (244 ) (368 ) (209 ) (577 ) Tax adjustment upon cancellation of stock options (202 ) — (202 ) (132 ) — (132 ) Ending balance as of June 30 $ 375,409 $ 379,635 $ 755,044 $ 549,654 $ 41,428 $ 591,082 Activity within the foreign currency translation adjustment account during the periods includes no reclassifications to net income.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements [Abstract]
Commitments and Contingencies	NOTE G – COMMITMENTS AND CONTINGENCIES Litigation We are named defendants in several lawsuits and respondents in certain governmental proceedings arising in the ordinary course of business. While the outcome of lawsuits or other proceedings against us cannot be predicted with certainty, management does not consider it reasonably possible that a loss resulting from such lawsuits or other proceedings in excess of any amounts accrued has been incurred that is expected to have a material adverse impact on our financial condition, results of operations, or liquidity. Environmental One of our subsidiaries, TETRA Micronutrients, Inc. ("TMI"), previously owned and operated a production facility located in Fairbury, Nebraska. TMI is subject to an Administrative Order on Consent issued to American Microtrace, Inc. (n/k/a/ TETRA Micronutrients, Inc.) in the proceeding styled In the Matter of American Microtrace Corporation , EPA I.D. No. NED00610550, Respondent, Docket No. VII-98-H-0016, dated September 25, 1998 (the "Consent Order"), with regard to the Fairbury facility. TMI is liable for future remediation costs and ongoing environmental monitoring at the Fairbury facility under the Consent Order; however, the current owner of the Fairbury facility is responsible for costs associated with the closure of that facility. While the outcome cannot be predicted with certainty, management does not consider it reasonably possible that a loss in excess of any amounts accrued has been incurred or is expected to have a material adverse impact on our financial condition, results of operations, or liquidity.

Industry Segments

Industry Segments	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements [Abstract]
Industry Segments	NOTE H – INDUSTRY SEGMENTS We manage our operations through five reporting segments organized into four divisions: Fluids, Production Testing, Compression, and Offshore. Our Fluids Division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States and in certain countries in Latin America, Europe, Asia, the Middle East, and Africa. The Division also markets liquid and dry calcium chloride products manufactured at its production facilities or purchased from third-party suppliers to a variety of markets outside the energy industry. The Fluids Division also provides domestic onshore oil and gas operators with comprehensive water management services. Our Production Testing Division provides frac flowback, production well testing, offshore rig cooling, and other associated services in many of the major oil and gas producing regions in the United States, Mexico, and Canada, as well as in certain basins in certain regions in South America, Africa, Europe, the Middle East, and Australia. The Compression Division is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The Compression Division's equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages, and oilfield pump systems designed and fabricated at the Division's facilities as well as the sale of compressor package parts and components manufactured by third-party suppliers. The Compression Division's aftermarket services business provides compressor package reconfiguration and maintenance services. The Compression Division provides its services and equipment to a broad base of natural gas and oil exploration and production, midstream, transmission, and storage companies operating throughout many of the onshore producing regions of the United States as well as in a number of foreign countries, including Mexico, Canada, and Argentina. As a result of the August 4, 2014 acquisition of CSI, we have significantly expanded the scope of our Compression Division. Our Offshore Division consists of two operating segments: Offshore Services and Maritech. The Offshore Services segment provides (1) downhole and subsea services such as well plugging and abandonment and workover services, (2) decommissioning and certain construction services utilizing heavy lift barges and various cutting technologies with regard to offshore oil and gas production platforms and pipelines, and (3) conventional and saturation diving services. The Maritech segment is a limited oil and gas production operation. During 2011 and the first quarter of 2012, Maritech sold substantially all of its oil and gas producing property interests. Maritech’s operations consist primarily of the ongoing abandonment and decommissioning associated with its remaining offshore wells and production platforms. Maritech intends to acquire a significant portion of these services from the Offshore Division’s Offshore Services segment. We generally evaluate the performance of and allocate resources to our segments based on profit or loss from their operations before income taxes and nonrecurring charges, return on investment, and other criteria. Transfers between segments and geographic areas are priced at the estimated fair value of the products or services as negotiated between the operating units. “Corporate Overhead” includes corporate general and administrative expenses, corporate depreciation and amortization, interest income and expense, and other income and expense. Summarized financial information concerning the business segments is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Revenues from external customers Product sales Fluids Division $ 99,930 $ 78,905 $ 164,924 $ 152,325 Production Testing Division — — — — Compression Division 48,968 2,065 67,119 3,902 Offshore Division Offshore Services 360 354 595 473 Maritech 394 1,547 1,900 2,923 Total Offshore Division 754 1,901 2,495 3,396 Consolidated $ 149,652 $ 82,871 $ 234,538 $ 159,623 Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Services and rentals Fluids Division $ 23,026 $ 37,423 57,308 $ 69,163 Production Testing Division 33,692 41,292 69,601 84,306 Compression Division 77,487 29,950 162,225 57,877 Offshore Division Offshore Services 35,371 55,887 46,919 91,098 Maritech — — — — Intersegment eliminations (2,909 ) (4,934 ) (3,180 ) (6,721 ) Total Offshore Division 32,462 50,953 43,739 84,377 Consolidated $ 166,667 $ 159,618 $ 332,873 $ 295,723 Interdivision revenues Fluids Division $ 18 $ 322 $ 31 $ 307 Production Testing Division 1,150 1,085 2,342 1,709 Compression Division — — — — Offshore Division Offshore Services — — — — Maritech — — — — Intersegment eliminations — — — — Total Offshore Division — — — — Interdivision eliminations (1,168 ) (1,407 ) (2,373 ) (2,016 ) Consolidated $ — $ — $ — $ — Total revenues Fluids Division $ 122,974 $ 116,650 $ 222,263 $ 221,795 Production Testing Division 34,842 42,377 71,943 86,015 Compression Division 126,455 32,015 229,344 61,779 Offshore Division Offshore Services 35,731 56,241 47,514 91,571 Maritech 394 1,547 1,900 2,923 Intersegment eliminations (2,909 ) (4,934 ) (3,180 ) (6,721 ) Total Offshore Division 33,216 52,854 46,234 87,773 Interdivision eliminations (1,168 ) (1,407 ) (2,373 ) (2,016 ) Consolidated $ 316,319 $ 242,489 $ 567,411 $ 455,346 Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Income (loss) before taxes Fluids Division $ 32,583 $ 17,059 $ 50,320 $ 35,536 Production Testing Division (472 ) (249 ) (433 ) (3,047 ) Compression Division 1,498 5,477 3,904 10,664 Offshore Division Offshore Services 2,095 1,833 (6,553 ) (6,139 ) Maritech (313 ) (10,698 ) 662 (17,237 ) Intersegment eliminations — — — — Total Offshore Division 1,782 (8,865 ) (5,891 ) (23,376 ) Interdivision eliminations (12 ) 3 (10 ) 6 Corporate Overhead (1) (17,271 ) (15,919 ) (31,837 ) (32,960 ) Consolidated $ 18,108 $ (2,494 ) $ 16,053 $ (13,177 ) June 30, 2015 2014 (In Thousands) Total assets Fluids Division $ 408,144 $ 493,793 Production Testing Division 208,929 333,531 Compression Division 1,261,051 233,956 Offshore Division Offshore Services 134,422 170,663 Maritech 27,267 20,727 Total Offshore Division 161,689 191,390 Corporate Overhead and eliminations (36,168 ) 29,596 Consolidated $ 2,003,645 $ 1,282,266 (1) Amounts reflected include the following general corporate expenses: Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) General and administrative expense $ 11,688 $ 10,064 $ 20,537 $ 21,458 Depreciation and amortization 254 527 512 1,081 Interest expense 4,415 4,610 9,412 9,141 Other general corporate (income) expense, net 914 718 1,376 1,280 Total $ 17,271 $ 15,919 $ 31,837 $ 32,960

Basis of Presentation and Sig16

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Policy Text Block [Abstract]
Principles of consolidation policy	The consolidated financial statements include the accounts of our wholly owned subsidiaries. We consolidate the financial statements of CSI Compressco LP and its subsidiaries ("CCLP") as part of our Compression segment. We control CCLP through our ownership of its general partner. The public ownership share of CCLP's net assets and earnings is presented as a component of noncontrolling interest in our consolidated financial statements. Investments in unconsolidated joint ventures in which we participate are accounted for using the equity method. Our interests in oil and gas properties are proportionately consolidated. All significant intercompany accounts and transactions have been eliminated in consolidation. As a result of CCLP's acquisition of Compressor Systems, Inc. ("CSI") on August 4, 2014, our Compression Division's operations have significantly expanded. See Note B - Acquisitions for further discussion. The accompanying unaudited consolidated financial statements have been prepared in accordance with Rule 10-01 of Regulation S-X for interim financial statements required to be filed with the Securities and Exchange Commission ("SEC") and do not include all information and footnotes required by generally accepted accounting principles for complete financial statements. However, the information furnished reflects all normal recurring adjustments, which are, in the opinion of management, necessary to provide a fair statement of the results for the interim periods. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2014 .
Reclassifications policy	Certain previously reported financial information has been reclassified to conform to the current year period’s presentation. The impact of such reclassifications was not significant to the prior year period’s overall presentation.
Use of estimates policy	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclose contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. For further discussion of fair value measurements in connection with the allocation of the purchase price of the CSI acquisition, see Note B - Acquisitions. Actual results could differ from those estimates, and such differences could be material.
Cash and cash equivalents policy	Cash Equivalents We consider all highly liquid cash investments, with a maturity of three months or less when purchased, to be cash equivalents.
Restricted cash policy	Restricted Cash Restricted cash is classified as a current asset when it is expected to be repaid or settled in the next twelve month period. Restricted cash reported on our balance sheet as of June 30, 2015 consists primarily of escrowed cash associated with our July 2011 purchase of a heavy lift derrick barge. The escrowed cash will be released to the sellers or us in accordance with the terms of the escrow agreement.
Inventories policy	Inventories Inventories are stated at the lower of cost or market value. The cost of finished goods, raw materials, and parts and supplies are determined using the weighted average method. The cost of work in progress is determined using the specific identification method. Significant components of inventories as of June 30, 2015 , and December 31, 2014 , are as follows: June 30, 2015 December 31, 2014 (In Thousands) Finished goods $ 54,502 $ 62,188 Raw materials 3,318 5,005 Parts and supplies 53,282 51,229 Work in progress 70,840 70,935 Total inventories $ 181,942 $ 189,357 Finished goods inventories include newly manufactured clear brine fluids as well as recycled brines that are repurchased from certain customers. Recycled brines are recorded at cost, using the weighted average method. Work in progress inventory consists primarily of new compressor packages located in the CCLP fabrication facility in Midland, Texas. We provide a reserve for estimated unrealizable inventory equal to the difference between the cost of inventory and its estimated realizable value.
Net income per share policy	Net Income (Loss) per Share The following is a reconciliation of the weighted average number of common shares outstanding with the number of shares used in the computations of net income (loss) per common and common equivalent share: Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Number of weighted average common shares outstanding 79,165 78,525 79,037 78,416 Assumed exercise of stock awards 750 — 469 — Average diluted shares outstanding 79,915 78,525 79,506 78,416 For the three and six month periods ended June 30, 2015, the average diluted shares outstanding excludes the impact of 3,618,107 and 3,494,752 , respectively, of average outstanding stock awards that have exercise prices in excess of the average market price, as the inclusion of these shares would have been antidilutive. For the three and six month periods ended June 30, 2014 , the average diluted shares outstanding excludes the impact of all outstanding stock awards, as the inclusion of these shares would have been antidilutive due to the net losses recorded during the periods.
Services and rentals revenues policy	Services and Rentals Revenues and Costs A portion of our services and rentals revenues consist of lease rental income pursuant to operating lease arrangements for compressors and other equipment assets. For the three and six month periods ended June 30, 2015 and 2014 , the following operating lease revenues and associated costs were included in services and rentals revenues and cost of services and rentals, respectively, in the accompanying consolidated statements of operations. Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Rental revenue $ 38,242 $ 5,995 $ 91,017 $ 13,511 Cost of rental revenue $ 22,812 $ 2,119 $ 44,341 $ 4,046
Foreign currency translation policy	Foreign Currency Translation We have designated the euro, the British pound, the Norwegian krone, the Canadian dollar, the Brazilian real, the Argentine peso, and the Mexican peso as the functional currency for our operations in Finland and Sweden, the United Kingdom, Norway, Canada, Brazil, Argentina, and certain of our operations in Mexico, respectively. The U.S. dollar is the designated functional currency for all of our other foreign operations. The cumulative translation effects of translating the accounts from the functional currencies into the U.S. dollar at current exchange rates are included as a separate component of equity. Foreign currency exchange gains and (losses) are included in Other Expense and totaled $(1.5) million and $(2.2) million during the three and six month periods ended June 30, 2015 , respectively, and $(0.2) million and $(0.9) million during the three and six months ended June 30, 2014 , respectively.
Income taxes policy	Income Taxes Our consolidated effective tax rates for the three and six month periods ended June 30, 2015, include the effects of changes in our expected valuation allowance at the end of 2015 related to our deferred tax assets, such as our U.S. net operating loss carryforward. In 2014, we increased our valuation allowance, primarily on our U.S. deferred tax assets after considering all available positive and negative evidence related to the realizability of our deferred tax assets. Included in our deferred tax assets are net operating loss carryforwards and tax credits that are available to offset future income tax liabilities in the U.S. as well as in certain foreign jurisdictions.
Fair value measurements policy	Fair Value Measurements Fair value is defined as “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” within an entity’s principal market, if any. The principal market is the market in which the reporting entity would sell the asset or transfer the liability with the greatest volume and level of activity, regardless of whether it is the market in which the entity will ultimately transact for a particular asset or liability or if a different market is potentially more advantageous. Accordingly, this exit price concept may result in a fair value that may differ from the transaction price or market price of the asset or liability. Under generally accepted accounting principles, the fair value hierarchy prioritizes inputs to valuation techniques used to measure fair value. Fair value measurements should maximize the use of observable inputs and minimize the use of unobservable inputs, where possible. Observable inputs are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs may be needed to measure fair value in situations where there is little or no market activity for the asset or liability at the measurement date and are developed based on the best information available in the circumstances, which could include the reporting entity’s own judgments about the assumptions market participants would utilize in pricing the asset or liability. We utilize fair value measurements to account for certain items and account balances within our consolidated financial statements. Fair value measurements are utilized in the allocation of purchase consideration for acquisition transactions to the assets and liabilities acquired, including intangible assets and goodwill. In addition, we utilize fair value measurements in the initial recording of our decommissioning and other asset retirement obligations. Fair value measurements may also be utilized on a nonrecurring basis, such as for the impairment of long-lived assets, including goodwill. The fair value of our financial instruments, which include cash, restricted cash, accounts receivable, short-term borrowings, and long-term debt pursuant to our bank credit agreements, approximate their carrying amounts. The aggregate fair values of our long-term Senior Notes and Senior Secured Notes (as such terms are herein defined) at June 30, 2015 and December 31, 2014, were approximately $194.2 million and $310.7 million , respectively, compared to carrying amounts of $265.0 million and $305.0 million , respectively, as current interest rates on those dates were different than the stated interest rates on the Senior Notes and Senior Secured Notes. The fair values of the CCLP Senior Notes (as herein defined) at June 30, 2015 and December 31, 2014, respectively, were approximately $336.9 million (a level 2 fair value measurement) and $354.9 million compared to a face amount of approximately $ 350.0 million (See Note C - Long-Term Debt and Other Borrowings, for further discussion). We calculate the fair values of our Senior Notes and Senior Secured Notes as of June 30, 2015 (excluding the CCLP Senior Notes, which are publicly traded) internally, using current market conditions and average cost of debt (a level 2 fair value measurement). The fair value of the liability for the WIT Water Transfer, LLC (acquired in January 2014 and doing business as TD Water Transfer) contingent purchase price consideration at June 30, 2015 , was $0 . We calculate the fair value of the liability for our contingent purchase price consideration obligation in accordance with the TD Water Transfer share purchase agreement based upon a probability weighted calculation using the actual and anticipated earnings of the acquired operations (a level 3 fair value measurement). We also utilize fair value measurements on a recurring basis in the accounting for our foreign currency forward sale derivative contracts. For these fair value measurements, we utilize the quoted value as determined by our counterparty financial institution (a level 2 fair value measurement). A summary of these fair value measurements as of June 30, 2015 and December 31, 2014, is as follows: Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description June 30, 2015 (Level 1) (Level 2) (Level 3) (In Thousands) Asset for foreign currency derivative contracts $ 128 — 128 — Liability for foreign currency derivative contracts (145 ) — (145 ) — Acquisition contingent consideration liability — — — — Net liability $ (17 ) Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description Dec 31, 2014 (Level 1) (Level 2) (Level 3) (In Thousands) Asset for foreign currency derivative contracts $ — $ — — — Liability for foreign currency derivative contracts (174 ) — (174 ) — Acquisition contingent consideration liability — — — — Net liability $ (174 )
New Accounting Pronouncements policy	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, "Revenue from Contracts with Customers" (Topic 606). ASU No. 2014-09 supersedes the revenue recognition requirements in Accounting Standards Codification ("ASC") Topic 605, Revenue Recognition, and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective for our first quarter in fiscal 2017, pending a one year deferral currently under consideration by the FASB, under either full or modified retrospective adoption. Early application is not permitted. We are currently assessing the potential effects of these changes to our consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern” (Topic 250). The ASU provides guidance on management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and in certain circumstances to provide related footnote disclosures. The ASU is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early adoption is permitted. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In January 2015, the FASB issued ASU No. 2015-01, “Income Statements - Extraordinary and Unusual Items” (Sub-Topic 225-20), which eliminates from U.S. GAAP the concept of extraordinary items. The guidance eliminates the separate presentation of extraordinary items on the income statement, net of tax and the related earnings per share, but does not affect the requirement to disclose material items that are unusual in nature or occurring infrequently. The ASU is effective for the annual period beginning after December 15, 2015 and interim periods within those annual periods, with early adoption permitted, and may be applied prospectively or retrospectively. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. The ASU requires entities that have historically presented debt issuance costs as an asset to present those costs as a direct deduction from the carrying amount of the related debt liability. This presentation will result in the debt issuance costs being presented the same way debt discounts have historically been handled. The ASU does not change the recognition, measurement, or subsequent measurement guidance for debt issuance costs. The ASU is effective for the annual period beginning after December 15, 2015 and interim periods within those annual periods and is to be applied retrospectively. Early adoption is permitted. We plan to adopt this change retrospectively, and do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Basis of Presentation and Sig17

Basis of Presentation and Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies (Tables)
Inventories Table	June 30, 2015 December 31, 2014 (In Thousands) Finished goods $ 54,502 $ 62,188 Raw materials 3,318 5,005 Parts and supplies 53,282 51,229 Work in progress 70,840 70,935 Total inventories $ 181,942 $ 189,357
Weighted Average Shares Outstanding Table	Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Number of weighted average common shares outstanding 79,165 78,525 79,037 78,416 Assumed exercise of stock awards 750 — 469 — Average diluted shares outstanding 79,915 78,525 79,506 78,416
Services and Rentals Revenues Table	Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Rental revenue $ 38,242 $ 5,995 $ 91,017 $ 13,511 Cost of rental revenue $ 22,812 $ 2,119 $ 44,341 $ 4,046
Fair Value Measurements on a Recurring Basis Table	Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description June 30, 2015 (Level 1) (Level 2) (Level 3) (In Thousands) Asset for foreign currency derivative contracts $ 128 — 128 — Liability for foreign currency derivative contracts (145 ) — (145 ) — Acquisition contingent consideration liability — — — — Net liability $ (17 ) Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description Dec 31, 2014 (Level 1) (Level 2) (Level 3) (In Thousands) Asset for foreign currency derivative contracts $ — $ — — — Liability for foreign currency derivative contracts (174 ) — (174 ) — Acquisition contingent consideration liability — — — — Net liability $ (174 )

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	6 Months Ended
	Jun. 30, 2015
Acquisitions and Dispositions (Tables)
Pro Forma Financial Information Table	Three Months Ended Six Months Ended 2014 2014 (In Thousands, Except Per Share Amounts) Revenues $ 319,807 $ 625,696 Depreciation, amortization, and accretion $ 36,892 $ 74,616 Gross profit $ 48,404 $ 89,176 Net income (loss) $ (4,496 ) $ (11,303 ) Net income (loss) attributable to TETRA stockholders $ (5,607 ) $ (14,612 ) Per share information: Net income (loss) attributable to TETRA stockholders Basic $ (0.07 ) $ (0.19 ) Diluted $ (0.07 ) $ (0.19 )
Preliminary Allocation of Purchase Price Table	Current assets $ 101,411 Property and equipment 571,706 Intangible assets 68,000 Goodwill 161,387 Total assets acquired 902,504 Current liabilities 77,504 Total liabilities assumed 77,504 Net assets acquired $ 825,000

Long-Term Debt and Other Borr19

Long-Term Debt and Other Borrowings (Tables)	6 Months Ended
	Jun. 30, 2015
Long-Term Debt (Tables)
Long-Term Debt Table	June 30, 2015 December 31, 2014 (In Thousands) TETRA Scheduled Maturity Bank revolving line of credit facility September 30, 2019 $ 92,900 $ 90,000 5.90% Senior Notes, Series 2006-A April 30, 2016 90,000 90,000 6.56% Senior Notes, Series 2008-B April 30, 2015 — 90,000 5.09% Senior Notes, Series 2010-A December 15, 2017 65,000 65,000 5.67% Senior Notes, Series 2010-B December 15, 2020 25,000 25,000 4.00% Senior Notes, Series 2013 April 29, 2020 35,000 35,000 Secured Notes April 1, 2017 50,000 — Other — 74 TETRA Total debt 357,900 395,074 Less current portion (90,000 ) (90,074 ) TETRA Total long-term debt $ 267,900 $ 305,000 CCLP CCLP Bank Credit Facility August 4, 2019 233,000 195,000 CCLP 7.25% Senior Notes (presented net of unamortized discount of $4.8 million as of June 30, 2015 and December 31, 2014) August 15, 2022 345,212 344,961 CCLP total long-term debt 578,212 539,961 Consolidated total long-term debt $ 846,112 $ 844,961

Decommissioning and Other Ass20

Decommissioning and Other Asset Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 2015
Decommissioning and Other Asset Retirement Obligations (Tables)
Decommissioning and Other Asset Retirement Obligations Table	Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 (In Thousands) Beginning balance for the period, as reported $ 62,640 $ 62,741 Activity in the period: Accretion of liability 422 841 Retirement obligations incurred — — Revisions in estimated cash flows 191 237 Settlement of retirement obligations (3,845 ) (4,411 ) Ending balance $ 59,408 $ 59,408

Market Risks and Derivative H21

Market Risks and Derivative Hedge Contracts Market Risks and Derivative Hedge Contracts (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions Table	Derivative Contracts US Dollar Notional Amount Traded Exchange Rate Settlement Date (In Thousands) Forward purchase Euro $ 2,403 1.12 7/17/2015 Forward purchase pounds sterling $ 7,491 1.57 7/17/2015 Forward sale Canadian dollar $ 2,918 1.25 7/17/2015 Forward sale Mexican peso $ 7,617 15.71 7/17/2015 Forward sale Norwegian krone $ 1,640 7.84 7/17/2015 Forward sale Saudi Arabia Riyal $ 1,000 3.75 7/17/2015 Forward sale Canadian dollar $ 780 1.25 7/17/2015 Forward sale Mexican peso $ 2,066 15.71 7/17/2015
Derivatives Designated as Hedging Instruments Table	Foreign currency derivative instruments Balance Sheet Location Fair Value at Fair Value at December 31, 2014 (In Thousands) Forward purchase contracts Current assets $ 128 $ — Forward sale contracts Current liabilities (115 ) (91 ) Forward purchase contracts Current liabilities (30 ) (83 ) Net liability $ (17 ) $ (174 )

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Changes in Equity Table	Three Months Ended June 30, 2015 2014 TETRA Non- controlling Interest Total TETRA Non- controlling Interest Total (In Thousands) Beginning balance for the period $ 356,679 $ 387,916 $ 744,595 $ 548,062 $ 41,585 $ 589,647 Net income (loss) 14,925 442 15,367 (2,457 ) 907 (1,550 ) Foreign currency translation adjustment, including taxes of $0 in 2015 and taxes of $(750) in 2014 2,358 — 2,358 3,244 — 3,244 Comprehensive income (loss) 17,283 442 17,725 787 907 1,694 Exercise of common stock options (183 ) — (183 ) 105 — 105 Distributions to public unitholders — (9,450 ) (9,450 ) — (1,265 ) (1,265 ) Equity-based compensation 1,874 727 2,601 1,184 235 1,419 Treasury stock and other (244 ) — (244 ) (352 ) (34 ) (386 ) Tax adjustment upon cancellation of stock options — — — (132 ) — (132 ) Ending balance as of June 30 $ 375,409 $ 379,635 $ 755,044 $ 549,654 $ 41,428 $ 591,082 Six Months Ended June 30, 2015 2014 TETRA Non- Total TETRA Non- Total (In Thousands) Beginning balance for the period $ 369,713 $ 395,888 $ 765,601 $ 555,541 $ 41,957 $ 597,498 Net income (loss) 10,477 1,266 11,743 (9,391 ) 1,751 (7,640 ) Foreign currency translation adjustment, including taxes of $0 in 2015 and taxes of $446 in 2014 (7,429 ) — (7,429 ) 777 — 777 Comprehensive Income (loss) 3,048 1,266 4,314 (8,614 ) 1,751 (6,863 ) Exercise of common stock options 101 — 101 391 — 391 Distributions to public unitholders — (18,723 ) (18,723 ) — (2,508 ) (2,508 ) Equity-based compensation 2,993 1,204 4,197 2,836 437 3,273 Treasury stock and other (244 ) (244 ) (368 ) (209 ) (577 ) Tax adjustment upon cancellation of stock options (202 ) — (202 ) (132 ) — (132 ) Ending balance as of June 30 $ 375,409 $ 379,635 $ 755,044 $ 549,654 $ 41,428 $ 591,082

Industry Segments (Tables)

Industry Segments (Tables)	6 Months Ended
	Jun. 30, 2015
Industry Segments (Tables)
Segment Reporting Table	Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Revenues from external customers Product sales Fluids Division $ 99,930 $ 78,905 $ 164,924 $ 152,325 Production Testing Division — — — — Compression Division 48,968 2,065 67,119 3,902 Offshore Division Offshore Services 360 354 595 473 Maritech 394 1,547 1,900 2,923 Total Offshore Division 754 1,901 2,495 3,396 Consolidated $ 149,652 $ 82,871 $ 234,538 $ 159,623 Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Services and rentals Fluids Division $ 23,026 $ 37,423 57,308 $ 69,163 Production Testing Division 33,692 41,292 69,601 84,306 Compression Division 77,487 29,950 162,225 57,877 Offshore Division Offshore Services 35,371 55,887 46,919 91,098 Maritech — — — — Intersegment eliminations (2,909 ) (4,934 ) (3,180 ) (6,721 ) Total Offshore Division 32,462 50,953 43,739 84,377 Consolidated $ 166,667 $ 159,618 $ 332,873 $ 295,723 Interdivision revenues Fluids Division $ 18 $ 322 $ 31 $ 307 Production Testing Division 1,150 1,085 2,342 1,709 Compression Division — — — — Offshore Division Offshore Services — — — — Maritech — — — — Intersegment eliminations — — — — Total Offshore Division — — — — Interdivision eliminations (1,168 ) (1,407 ) (2,373 ) (2,016 ) Consolidated $ — $ — $ — $ — Total revenues Fluids Division $ 122,974 $ 116,650 $ 222,263 $ 221,795 Production Testing Division 34,842 42,377 71,943 86,015 Compression Division 126,455 32,015 229,344 61,779 Offshore Division Offshore Services 35,731 56,241 47,514 91,571 Maritech 394 1,547 1,900 2,923 Intersegment eliminations (2,909 ) (4,934 ) (3,180 ) (6,721 ) Total Offshore Division 33,216 52,854 46,234 87,773 Interdivision eliminations (1,168 ) (1,407 ) (2,373 ) (2,016 ) Consolidated $ 316,319 $ 242,489 $ 567,411 $ 455,346 Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) Income (loss) before taxes Fluids Division $ 32,583 $ 17,059 $ 50,320 $ 35,536 Production Testing Division (472 ) (249 ) (433 ) (3,047 ) Compression Division 1,498 5,477 3,904 10,664 Offshore Division Offshore Services 2,095 1,833 (6,553 ) (6,139 ) Maritech (313 ) (10,698 ) 662 (17,237 ) Intersegment eliminations — — — — Total Offshore Division 1,782 (8,865 ) (5,891 ) (23,376 ) Interdivision eliminations (12 ) 3 (10 ) 6 Corporate Overhead (1) (17,271 ) (15,919 ) (31,837 ) (32,960 ) Consolidated $ 18,108 $ (2,494 ) $ 16,053 $ (13,177 ) June 30, 2015 2014 (In Thousands) Total assets Fluids Division $ 408,144 $ 493,793 Production Testing Division 208,929 333,531 Compression Division 1,261,051 233,956 Offshore Division Offshore Services 134,422 170,663 Maritech 27,267 20,727 Total Offshore Division 161,689 191,390 Corporate Overhead and eliminations (36,168 ) 29,596 Consolidated $ 2,003,645 $ 1,282,266 (1) Amounts reflected include the following general corporate expenses: Three Months Ended Six Months Ended 2015 2014 2015 2014 (In Thousands) General and administrative expense $ 11,688 $ 10,064 $ 20,537 $ 21,458 Depreciation and amortization 254 527 512 1,081 Interest expense 4,415 4,610 9,412 9,141 Other general corporate (income) expense, net 914 718 1,376 1,280 Total $ 17,271 $ 15,919 $ 31,837 $ 32,960

Basis of Presentation and Sig24

Basis of Presentation and Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Long-term debt [Line Items]
Long-term debt	$ 846,112,000		$ 846,112,000		$ 844,961,000
Revenue Recognition [Line Items]
Revenues	316,319,000	$ 242,489,000	567,411,000	$ 455,346,000
Cost of revenue	102,307,000	$ 108,301,000	205,391,000	$ 208,239,000
Inventories Detail [Table]
Finished goods	54,502,000		54,502,000		62,188,000
Raw materials	3,318,000		3,318,000		5,005,000
Parts and supplies	53,282,000		53,282,000		51,229,000
Work in progress	70,840,000		70,840,000		70,935,000
Inventories	$ 181,942,000		$ 181,942,000		189,357,000
Weighted Average Shares Outstanding [Table]
Number of weighted average common shares outstanding	79,165,000	78,525,000	79,037,000	78,416,000
Assumed exercise of stock options	750,000	0	469,000	0
Average diluted shares outstanding	79,915,000	78,525,000	79,506,000	78,416,000
Antidilutive shares excluded from diluted shares outstanding	3,618,107		3,494,752
Foreign currency exchange gains and losses	$ (1,500,000)	$ (200,000)	$ (2,200,000)	$ (900,000)
Fair value of contingent purchase price liability	0		0
Service Agreements [Member]
Revenue Recognition [Line Items]
Revenues	38,242,000	5,995,000	91,017	13,511
Cost of revenue	22,812,000	$ 2,119,000	44,341	$ 4,046
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent Consideration Classified as Equity, Fair Value Disclosure					0
Asset for foreign currency derivative contracts	128,000		128,000		0
Liability for foreign currency derivative contracts	(145,000)		(145,000)		(174,000)
Acquisition contingent consideration liability	0		0
Total	(17,000)		(17,000)		(174,000)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent Consideration Classified as Equity, Fair Value Disclosure					0
Asset for foreign currency derivative contracts	0		0		0
Liability for foreign currency derivative contracts	0		0		0
Acquisition contingent consideration liability	0		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent Consideration Classified as Equity, Fair Value Disclosure					0
Asset for foreign currency derivative contracts	128,000		128,000		0
Liability for foreign currency derivative contracts	(145,000)		(145,000)		(174,000)
Acquisition contingent consideration liability	0		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent Consideration Classified as Equity, Fair Value Disclosure					0
Asset for foreign currency derivative contracts	0		0		0
Liability for foreign currency derivative contracts	0		0		0
Acquisition contingent consideration liability	0		0
CSI Compressco Senior Notes [Member]
Long-term debt [Line Items]
Fair value of Senior Notes	336,900,000		336,900,000		354,900,000
Carrying value of Senior Notes	350,000,000		350,000,000		350,000,000
TETRA Senior Notes [Member]
Long-term debt [Line Items]
Fair value of Senior Notes	194,200,000		194,200,000		310,700,000
Carrying value of Senior Notes	$ 265,000,000		$ 265,000,000		$ 305,000,000

Acquisitions and Dispositions25

Acquisitions and Dispositions (Details 1) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Aug. 04, 2014
Business Acquisition [Line Items]
Purchase price allocation, nondeductible goodwill	$ 293,278	$ 293,278	$ 293,866
Accumulated amortization	46,095	46,095	39,754
Compressor Systems, Inc. [Member]
Business Acquisition [Line Items]
Purchase price allocation, current assets				$ 101,411
Purchase price allocation, property, plant, and equipment				571,706
Purchase price allocation, intangible assets				68,000
Purchase price allocation, total assets acquired				902,504
Purchase price allocation, current liabilities				77,504
Purchase price allocation, total liabilities assumed				77,504
Purchase price allocation, net assets acquired				825,000
Purchase price allocation, deductible goodwill				161,387
Decrease in goodwill recorded during period		100
Revenues from acquired entitiy	96,300	167,500
Depreciation and amortization from acquired entity	16,500	32,400
Pretax earnings from acquired entity	6,700	13,600
Allocated interest expense excluded from results attributable to acquired entity	8,000	15,800
Deferred financing costs			16,600
Interim financing costs			$ 9,300
Value of trademarks/tradenames				33,700
Value of customer relationships				21,400
Value of other intangible assets				$ 12,900
Accumulated amortization	$ 9,700	$ 9,700
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Acquired property, plant, and equipment, useful life		30 years
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Acquired property, plant, and equipment, useful life		15 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Acquired property, plant, and equipment, useful life		16 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Acquired property, plant, and equipment, useful life		2 years
Vehicles [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Acquired property, plant, and equipment, useful life		4 years
Vehicles [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Acquired property, plant, and equipment, useful life		3 years
Finite-Lived Intangible Assets [Member] | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life		15 years
Finite-Lived Intangible Assets [Member] | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life		2 years
CSI Compressco [Member]
Business Acquisition [Line Items]
Effective date of acquisition			Aug. 4, 2014
Purchase price			$ 825,000

Acquisitions and Dispositions26

Acquisitions and Dispositions (Details 2) - Jun. 30, 2014 - USD ($)	Total	Total
Business Acquisition, Pro Forma Information [Abstract]
Revenues	$ 319,807,000	$ 625,696,000
Depreciation, depletion, amortization, and accretion	36,892,000	74,616,000
Gross profit	48,404,000	89,176,000
Net income	(4,496,000)	(11,303,000)
Net income attributable to TETRA stockholders	$ (5,607,000)	$ (14,612,000)
Net income attributable to TETRA stockholders
Basic	$ (0.07)	$ (0.19)
Diluted	$ (0.07)	$ (0.19)

Long-Term Debt and Other Borr27

Long-Term Debt and Other Borrowings (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Apr. 01, 2015	Dec. 31, 2014
Long-term debt [Line Items]
Total debt	$ 846,112,000		$ 844,961,000
Long-term debt, net	846,112,000		844,961,000
TETRA [Member]
Long-term debt [Line Items]
Total debt	357,900,000		395,074,000
Less current portion	(90,000,000)		(90,074,000)
Long-term debt, net	267,900,000		305,000,000
CSI Compressco [Member]
Long-term debt [Line Items]
Total debt	$ 578,212,000		539,961,000
Bank revolving line of credit facility [Member] | TETRA [Member]
Long-term debt [Line Items]
Maturity date	Sep. 30, 2019
Total debt	$ 92,900,000		$ 90,000,000
Senior Notes Series 2006-A [Member] | TETRA [Member]
Long-term debt [Line Items]
Senior Note interest rate	5.90%		5.90%
Maturity date	Apr. 30, 2016
Total debt	$ 90,000,000		$ 90,000,000
Senior Notes Series 2008-B [Member] | TETRA [Member]
Long-term debt [Line Items]
Senior Note interest rate	6.56%		6.56%
Maturity date	Apr. 30, 2015
Total debt	$ 0		$ 90,000,000
Senior Notes Series 2010-A [Member] | TETRA [Member]
Long-term debt [Line Items]
Senior Note interest rate	5.09%		5.09%
Maturity date	Dec. 15, 2017
Total debt	$ 65,000,000		$ 65,000,000
Senior Notes Series 2010-B [Member] | TETRA [Member]
Long-term debt [Line Items]
Senior Note interest rate	5.67%		5.67%
Maturity date	Dec. 15, 2020
Total debt	$ 25,000,000		$ 25,000,000
Senior Notes Series 2013 [Member] | TETRA [Member]
Long-term debt [Line Items]
Senior Note interest rate	4.00%		4.00%
Maturity date	Apr. 29, 2020
Total debt	$ 35,000,000		$ 35,000,000
Secured Notes [Member] | TETRA [Member]
Long-term debt [Line Items]
Date of Secured Note purchase agreement	Mar. 18, 2015
Maturity date	Apr. 1, 2017
Total debt	$ 50,000,000	$ 50,000,000	0
CSI Compressco bank credit facility [Member] | CSI Compressco [Member]
Long-term debt [Line Items]
Maturity date	Aug. 4, 2019
Total debt	$ 233,000,000		195,000,000
Other long-term debt [Member] | TETRA [Member]
Long-term debt [Line Items]
Total debt	$ 0		$ 74,000
CSI Compressco Senior Notes [Member] | CSI Compressco [Member]
Long-term debt [Line Items]
Senior Note interest rate	7.25%		7.25%
Maturity date	Aug. 15, 2022
Total debt	$ 345,212,000		$ 344,961,000

Decommissioning and Other Ass28

Decommissioning and Other Asset Retirement Obligations (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Decommissioning and Other Asset Retirement Obligations Detail [Table]
Beginning balance for the period, as reported	$ 62,640	$ 62,741
Activity in the period:
Accretion of liability	422	841
Retirement obligations incurred	0
Revisions in estimated cash flows	191	237
Settlement of retirement obligations	(3,845)	(4,411)
Ending balance as of June 30	59,408	59,408
Value of asset retirement obligations associated with non-operated properties	$ 8,700	$ 8,700	$ 8,400

Market Risks and Derivative H29

Market Risks and Derivative Hedge Contracts (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Derivatives, Fair Value [Line Items]
Total	$ (17,000)	$ (17,000)	$ (174,000)
Derivative [Line Items]
Net gains associated with foreign currency derivatives	200,000	300,000
Forward Sale Contract, Euro [Member]
Derivative [Line Items]
U.S. Dollar notional amount	$ 2,403,000	$ 2,403,000
Traded exchange rate	1.12	1.12
Value date		Jul. 17, 2015
Forward Purchase Contract, Pounds Sterling [Member]
Derivative [Line Items]
U.S. Dollar notional amount	$ 7,491,000	$ 7,491,000
Traded exchange rate	1.57	1.57
Value date		Jul. 17, 2015
Forward Purchase Contract, Brazil Real [Member]
Derivative [Line Items]
U.S. Dollar notional amount	$ 2,918,000	$ 2,918,000
Traded exchange rate	1.25	1.25
Value date		Jul. 17, 2015
Forward Purchase Contract, Canadian Dollar [Member]
Derivative [Line Items]
U.S. Dollar notional amount	$ 7,617,000	$ 7,617,000
Traded exchange rate	15.71	15.71
Value date		Jul. 17, 2015
Forward Sale Contract, Mexican Pesos [Member]
Derivative [Line Items]
U.S. Dollar notional amount	$ 1,640,000	$ 1,640,000
Traded exchange rate	7.84	7.84
Value date		Jul. 17, 2015
Forward Purchase Contract, Norwegian Kroner [Member]
Derivative [Line Items]
U.S. Dollar notional amount	$ 1,000,000	$ 1,000,000
Traded exchange rate	3.75	3.75
Value date		Jul. 17, 2015
Forward Purchase Contract, Canadian Dollar (2) [Member]
Derivative [Line Items]
U.S. Dollar notional amount	$ 780,000	$ 780,000
Traded exchange rate	1.25	1.25
Value date		Jul. 17, 2015
Forward Purchase Contract, Mexican Pesos [Member]
Derivative [Line Items]
U.S. Dollar notional amount	$ 2,066,000	$ 2,066,000
Traded exchange rate	15.71	15.71
Value date		Jul. 17, 2015
Current Assets [Member]
Derivatives, Fair Value [Line Items]
Forward purchase contracts	$ 128,000	$ 128,000	0
Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Forward purchase contracts	(30,000)	(30,000)	(83,000)
Forward sale contracts	$ (115,000)	$ (115,000)	$ (91,000)

Equity (Details 1)

Equity (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stockholders' Equity Note [Abstract]
Foreign currency translation adjustment, taxes	$ 0	$ (750)	$ 0	$ 446
Stockholders' equity rollforward
Beginning balance for the period	744,595	589,647	765,601	597,498
Net income (loss)	15,367	(1,550)	11,743	(7,640)
Foreign currency translation adjustment, including taxes	2,358	3,244	(7,429)	777
Comprehensive income	17,725	1,694	4,314	(6,863)
Exercise of common stock options	(183)	105	101	391
Distributions to public unitholders	(9,450)	(1,265)	(18,723)	(2,508)
Equity-based compensation	2,601	1,419	4,197	3,273
Treasury stock and other	(244)	(386)	(244)	(577)
Tax benefit upon exercise of stock options	0	(132)	(202)	(132)
Ending balance	755,044	591,082	755,044	591,082
TETRA [Member]
Stockholders' equity rollforward
Beginning balance for the period	356,679	548,062	369,713	555,541
Net income (loss)	14,925	(2,457)	10,477	(9,391)
Foreign currency translation adjustment, including taxes	2,358	3,244	(7,429)	777
Comprehensive income	17,283	787	3,048	(8,614)
Exercise of common stock options	(183)	105	101	391
Distributions to public unitholders	0	0	0	0
Equity-based compensation	1,874	1,184	2,993	2,836
Treasury stock and other	(244)	(352)	(244)	(368)
Tax benefit upon exercise of stock options	0	(132)	(202)	(132)
Ending balance	375,409	549,654	375,409	549,654
Noncontrolling Interest [Member]
Stockholders' equity rollforward
Beginning balance for the period	387,916	41,585	395,888	41,957
Net income (loss)	442	907	1,266	1,751
Foreign currency translation adjustment, including taxes	0	0	0	0
Comprehensive income	442	907	1,266	1,751
Exercise of common stock options	0	0	0	0
Distributions to public unitholders	(9,450)	(1,265)	(18,723)	(2,508)
Equity-based compensation	727	235	$ 1,204	437
Treasury stock and other	0	(34)		(209)
Tax benefit upon exercise of stock options	0	0	$ 0	0
Ending balance	$ 379,635	$ 41,428	$ 379,635	$ 41,428

Industry Segments (Details 1)

Industry Segments (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Industry Segments Details [Line Items]
Product sales	$ 149,652	$ 82,871	$ 234,538	$ 159,623
Services and rentals	166,667	159,618	332,873	295,723
Intersegment revenues	0	0	0	0
Total revenues	316,319	242,489	567,411	455,346
Income (loss) before taxes	18,108	(2,494)	16,053	(13,177)
Assets	2,003,645	1,282,266	2,003,645	1,282,266	$ 2,067,633
Fluids Division [Member]
Industry Segments Details [Line Items]
Product sales	99,930	78,905	164,924	152,325
Services and rentals	23,026	37,423		69,163
Intersegment revenues	18	322	31	307
Total revenues	122,974	116,650	222,263	221,795
Income (loss) before taxes	32,583	17,059	50,320
Assets	408,144	493,793	408,144	493,793
Production Testing Division [Member]
Industry Segments Details [Line Items]
Product sales	0	0	0	0
Services and rentals	33,692	41,292		84,306
Intersegment revenues	1,150	1,085	2,342	1,709
Total revenues	34,842	42,377	71,943	86,015
Income (loss) before taxes	(472)	(249)	(433)
Assets	208,929	333,531	208,929	333,531
Compression Division [Member]
Industry Segments Details [Line Items]
Product sales	48,968	2,065	67,119	3,902
Services and rentals	77,487	29,950	162,225	57,877
Intersegment revenues	0	0	0	0
Total revenues	126,455	32,015	229,344	61,779
Income (loss) before taxes	1,498	5,477		10,664
Assets	1,261,051	233,956	1,261,051	233,956
Offshore Services [Member]
Industry Segments Details [Line Items]
Product sales	360	354	595	473
Services and rentals	35,371	55,887	46,919	91,098
Intersegment revenues	0	0	0	0
Total revenues	35,731	56,241	47,514	91,571
Income (loss) before taxes	2,095			(6,139)
Assets	134,422	170,663	134,422	170,663
Maritech [Member]
Industry Segments Details [Line Items]
Product sales	394	1,547	1,900	2,923
Services and rentals	0	0	0	0
Intersegment revenues	0	0	0	0
Total revenues	394	1,547	1,900	2,923
Income (loss) before taxes	(313)	(10,698)		(17,237)
Assets	27,267	20,727	27,267	20,727
Offshore Division Eliminations [Member]
Industry Segments Details [Line Items]
Services and rentals	(2,909)	(4,934)	(3,180)	(6,721)
Intersegment revenues	0	0	0	0
Total revenues	(2,909)	(4,934)	(3,180)	(6,721)
Income (loss) before taxes	0	0
Total Offshore Division [Member]
Industry Segments Details [Line Items]
Product sales	754	1,901	2,495	3,396
Services and rentals	32,462	50,953	43,739	84,377
Intersegment revenues	0	0	0	0
Total revenues	33,216	52,854	46,234	87,773
Income (loss) before taxes	1,782		(5,891)	(23,376)
Assets	161,689	191,390	161,689	191,390
Intersegment Eliminations [Member]
Industry Segments Details [Line Items]
Intersegment revenues			(2,373)	(2,016)
Interdivision Eliminations [Member]
Industry Segments Details [Line Items]
Intersegment revenues	(1,168)	(1,407)	(2,373)	(2,016)
Total revenues	(1,168)	(1,407)
Income (loss) before taxes	(12)	3	(10)	6
Corporate Overhead [Member]
Industry Segments Details [Line Items]
Income (loss) before taxes	(17,271)	(15,919)	(31,837)	(32,960)
Assets	$ (36,168)	$ 29,596	$ (36,168)	$ 29,596

Industry Segments (Details 2)

Industry Segments (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Corporate Overhead Footnote
General and administrative expense	$ 11,688	$ 10,064	$ 20,537	$ 21,458
Depreciation and amortization	254	527	512	1,081
Interest expense	4,415	4,610	9,412	9,141
Other general corporate (income) expense, net	914	718	1,376	1,280
Total	$ 17,271	$ 15,919	$ 31,837	$ 32,960