Flotek Industries (FTK) 10-Q 26 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 15, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	FLOTEK INDUSTRIES INC/CN/
Entity Central Index Key	928,054
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		53,909,948

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 3,840	$ 2,208
Accounts receivable, net of allowance for doubtful accounts of $828 and $1,189 at June 30, 2016 and December 31, 2015, respectively	45,528	49,197
Inventories	78,253	85,492
Income taxes receivable	15,874	4,700
Deferred tax assets, net	3,502	2,649
Other current assets	6,602	7,496
Total current assets	153,599	151,742
Property and equipment, net	80,759	91,913
Goodwill	72,820	72,820
Deferred tax assets, net	0	17,229
Other intangible assets, net	58,166	69,386
TOTAL ASSETS	365,344	403,090
Current liabilities:
Accounts payable	23,795	19,444
Accrued liabilities	9,278	12,894
Income taxes payable	0	2,263
Interest payable	185	111
Current portion of long-term debt	50,228	32,291
Total current liabilities	83,486	67,003
Long-term debt, less current portion	14,684	18,255
Deferred tax liabilities, net	526	23,823
Total liabilities	98,696	109,081
Commitments and contingencies
Equity:
Cumulative convertible preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.0001 par value, 80,000,000 shares authorized; 56,839,682 shares issued and 53,906,902 shares outstanding at June 30, 2016; 56,220,214 shares issued and 53,536,101 shares outstanding at December 31, 2015	6	6
Additional paid-in capital	278,840	273,451
Accumulated other comprehensive income (loss)	(913)	(1,237)
Retained earnings	6,835	39,300
Treasury stock, at cost; 1,881,390 and 1,784,897 shares at June 30, 2016 and December 31, 2015, respectively	(18,478)	(17,869)
Flotek Industries, Inc. stockholders’ equity	266,290	293,651
Noncontrolling interests	358	358
Total equity	266,648	294,009
TOTAL LIABILITIES AND EQUITY	$ 365,344	$ 403,090

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 828	$ 1,189
Cumulative convertible preferred stock, at par value (in dollars per share)	$ 0.0001	$ 0.0001
Cumulative convertible preferred stock, shares authorized (in shares)	100,000	100,000
Cumulative convertible preferred stock, shares issued (in shares)	0	0
Cumulative convertible preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	80,000,000	80,000,000
Common stock, shares issued (in shares)	56,839,682	56,220,214
Common stock, shares outstanding (in shares)	53,906,902	53,536,101
Treasury stock, shares (in shares)	1,881,390	1,784,897

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenue	$ 72,319	$ 87,030	$ 144,608	$ 169,404
Cost of revenue	48,398	57,778	95,759	113,625
Gross profit	23,921	29,252	48,849	55,779
Expenses:
Selling, general and administrative	21,982	23,021	47,435	46,588
Depreciation and amortization	2,391	2,797	5,189	5,473
Research and development	2,271	1,670	4,527	3,242
Impairment of inventory and long-lived assets	0	20,372	40,435	20,372
Total expenses	26,644	47,860	97,586	75,675
Loss from operations	(2,723)	(18,608)	(48,737)	(19,896)
Other expense:
Interest expense	(701)	(420)	(1,200)	(828)
Other expense, net	(48)	(2)	(158)	(227)
Total other expense	(749)	(422)	(1,358)	(1,055)
Loss before income taxes	(3,472)	(19,030)	(50,095)	(20,951)
Income tax benefit	1,192	6,483	17,630	6,889
Net loss	$ (2,280)	$ (12,547)	$ (32,465)	$ (14,062)
Loss per common share:
Basic loss per common share (in dollars per share)	$ (0.04)	$ (0.23)	$ (0.59)	$ (0.26)
Diluted loss per common share (in dollars per share)	$ (0.04)	$ (0.23)	$ (0.59)	$ (0.26)
Weighted average common shares:
Weighted average common shares used in computing basic loss per common share (in shares)	54,910	54,264	54,827	54,356
Weighted average common shares used in computing diluted loss per common share (in shares)	54,910	54,264	54,827	54,356

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (2,280)	$ (12,547)	$ (32,465)	$ (14,062)
Other comprehensive income (loss):
Foreign currency translation adjustment	7	76	324	(164)
Comprehensive income (loss)	$ (2,273)	$ (12,471)	$ (32,141)	$ (14,226)

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (32,465)	$ (14,062)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Impairment of inventory and long-lived assets	40,435	20,372
Depreciation and amortization	7,519	9,181
Amortization of deferred financing costs	205	173
Gain on sale of assets	(714)	(2,023)
Stock compensation expense	5,763	6,910
Deferred income tax benefit	(8,076)	(9,315)
Reduction in (excess) tax benefit related to share-based awards	954	(2,149)
Changes in current assets and liabilities:
Accounts receivable, net	3,915	22,124
Inventories	(9,139)	(16,496)
Income taxes receivable	(11,535)	(1,722)
Other current assets	(543)	1,939
Accounts payable	4,165	(6,033)
Accrued liabilities	(2,153)	159
Income taxes payable	(1,759)	2,232
Interest payable	74	13
Net cash (used in) provided by operating activities	(3,354)	11,303
Cash flows from investing activities:
Capital expenditures	(8,956)	(8,963)
Proceeds from sale of assets	858	2,188
Payments for acquisition, net of cash acquired	0	(1,250)
Purchase of patents and other intangible assets	(205)	(292)
Net cash used in investing activities	(8,303)	(8,317)
Cash flows from financing activities:
Repayments of indebtedness	(3,571)	(6,571)
Borrowings on revolving credit facility	171,397	204,150
Repayments on revolving credit facility	(153,460)	(189,461)
Debt issuance costs	(147)	(10)
(Reduction in) excess tax benefit related to share-based awards	(954)	2,149
Purchase of treasury stock related to share-based awards	(609)	(5,339)
Proceeds from sale of common stock	446	543
Repurchase of common stock	0	(7,260)
Proceeds from exercise of stock options	134	22
Proceeds from noncontrolling interest	0	7
Net cash provided by (used in) financing activities	13,236	(1,770)
Effect of changes in exchange rates on cash and cash equivalents	53	(7)
Net increase in cash and cash equivalents	1,632	1,209
Cash and cash equivalents at the beginning of period	2,208	1,266
Cash and cash equivalents at the end of period	$ 3,840	$ 2,475

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statement of Equity - 6 months ended Jun. 30, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2015	$ 294,009	$ 6	$ (17,869)	$ 273,451	$ (1,237)	$ 39,300	$ 358
Beginning balance (shares) at Dec. 31, 2015		56,220	1,785
Increase (Decrease) in Equity [Roll Forward]
Net loss	(32,465)					(32,465)
Foreign currency translation adjustment	324				324
Stock issued under employee stock purchase plan	446			446
Stock issued in payment of stock purchase plan (shares)			(55)
Stock options exercised	134			134
Stock options exercised (shares)		86
Restricted stock granted (shares)		534
Restricted stock forfeited (shares)			83
Treasury stock purchased	(609)		$ (609)
Treasury stock purchased (shares)			68
Stock compensation expense	5,763			5,763
Reduction in tax benefit related to share-based awards	(954)			(954)
Ending balance at Jun. 30, 2016	$ 266,648	$ 6	$ (18,478)	$ 278,840	$ (913)	$ 6,835	$ 358
Ending balance (shares) at Jun. 30, 2016		56,840	1,881

Organization and Significant Ac

Organization and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Significant Accounting Policies	Organization and Significant Accounting Policies Organization and Nature of Operations Flotek Industries, Inc. (“Flotek” or the “Company”) is a global, diversified, technology-driven supplier of energy chemistries and consumer and industrial chemistries and is a global developer and supplier of drilling, completion, and production technologies and related services. The Company’s strategic focus includes energy related chemistry technologies, drilling and production technologies, and consumer and industrial chemistry technologies. Within its energy related technologies, the Company provides oilfield specialty chemistries and logistics, downhole drilling tools, and production related tools used in the energy and mining industries. Flotek’s products and services enable customers to drill wells more efficiently, to realize increased production from both new and existing wells, and to decrease future well operating costs. Major customers include leading oilfield service providers, pressure-pumping service companies, onshore and offshore drilling contractors, major and independent oil and gas exploration and production companies, national and state-owned oil companies, and international supply chain management companies. Within consumer and industrial chemistry technologies, the Company provides products for the flavor and fragrance industry and the industrial chemical industry. Major customers include food and beverage companies, fragrance companies, and companies providing household and industrial cleaning products. The Company is headquartered in Houston, Texas, with operating locations in Florida, Louisiana, New Mexico, North Dakota, Oklahoma, Colorado, Pennsylvania, Texas, Utah, Wyoming, Canada, the Netherlands, and the Middle East. Flotek’s products are marketed both domestically and internationally, with international presence and/or representation in over 20 countries. Flotek was initially incorporated under the laws of the Province of British Columbia on May 17, 1985. On October 23, 2001, Flotek changed its corporate domicile to the state of Delaware. Basis of Presentation The accompanying Unaudited Condensed Consolidated Financial Statements and accompanying footnotes (collectively the “Financial Statements”) reflect all adjustments, in the opinion of management, necessary for fair presentation of the financial condition and results of operations for the periods presented. All such adjustments are normal and recurring in nature. The Financial Statements, including selected notes, have been prepared in accordance with applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting and do not include all information and disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for comprehensive financial statement reporting. These interim Financial Statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (“Annual Report”). A copy of the Annual Report is available on the SEC’s website, www.sec.gov , under the Company’s ticker symbol (“FTK”) or on Flotek’s website, www.flotekind.com . The results of operations for the three and six months ended June 30, 2016 , are not necessarily indicative of the results to be expected for the year ending December 31, 2016 . Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of revenue and expenses. Actual results could differ from these estimates. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. The reclassifications did not impact net income (loss).

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Application of New Accounting Standards Effective January 1, 2016, the Company adopted the accounting guidance in Accounting Standards Update (“ASU”) No. 2015-01, “ Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. ” This ASU eliminates from U.S. GAAP the concept of extraordinary items and the need for an entity to separately classify, present, and disclose extraordinary events and transactions, while retaining certain presentation and disclosure guidance for items that are unusual in nature or occur infrequently. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. Effective January 1, 2016, the Company adopted the accounting guidance in ASU No. 2015-02, “ Amendments to the Consolidation Analysis .” The amendment eliminates the deferral of certain consolidation standards for entities considered to be investment companies and modifies the consolidation analysis performed on certain types of legal entities. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. Effective January 1, 2016, the Company adopted the accounting guidance in ASU No. 2015-03, “ Simplifying the Presentation of Debt Issuance Costs .” The accounting guidance requires that debt issuance costs related to a recognized debt liability be reported on the Consolidated Statements of Financial Condition as a direct deduction from the carrying amount of that debt liability. In addition, the Company adopted the accounting guidance in ASU No. 2015-15, which provides additional guidance related to the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. An entity may present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings. Implementation of these standards did not have a material effect on the consolidated financial statements and related disclosures. Effective January 1, 2016, the Company adopted the accounting guidance in ASU No. 2015-16, “ Simplifying the Accounting for Measurement-Period Adjustments .” This standard replaces the requirement that an acquirer in a business combination account for measurement period adjustments retrospectively with a requirement that an acquirer recognize adjustments to the provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The acquirer is required to record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The guidance is to be applied prospectively to adjustments to provisional amounts that occur after the effective date of the guidance. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. New Accounting Requirements and Disclosures In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, “ Revenue from Contracts with Customers .” The ASU will supersede most of the existing revenue recognition requirements in U.S. GAAP and will require entities to recognize revenue at an amount that reflects the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. The new standard also requires significantly expanded disclosures regarding the qualitative and quantitative information of an entity’s nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued ASU No. 2015-14, which deferred the effective date by one year to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, but not before the original effective date of reporting periods beginning after December 15, 2016. In March 2016, the FASB issued ASU No. 2016-08, which improves the operability and understandability of the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU No. 2016-10, which clarifies identifying performance obligations and the licensing implementation guidance. In May 2016, the FASB issued ASU No. 2016-11, which rescinds certain SEC Staff Observer comments that are codified in Topic 605, Revenue Recognition, effective upon adoption of ASU 2014-09, and ASU No. 2016-12, which reduces the potential for diversity in practice at initial application and reduces the cost and complexity of applying Topic 606 both at transition and on an ongoing basis. The Company is currently evaluating the impact these pronouncements will have on the consolidated financial statements and related disclosures. In July 2015, the FASB issued ASU No. 2015-11, “ Simplifying the Measurement of Inventory .” This standard requires management to measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The pronouncement is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and should be applied retrospectively, with early application permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In November 2015, the FASB issued ASU 2015-17, “ Balance Sheet Classification of Deferred Taxes .” This standard eliminates the current requirement for organizations to present deferred tax assets and liabilities as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The pronouncement is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, “ Leases .” This standard requires the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous U.S. GAAP. The pronouncement is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period and should be applied using a modified retrospective transition approach, with early application permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-09, “ Improvements to Employee Share-Based Payment Accounting .” This standard simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The pronouncement is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods, with early adoption permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU No. 2016-13, “ Measurement of Credit Losses on Financial Instruments .” This standard replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The pronouncement is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption for the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures.

Impairment of Inventory and Lon

Impairment of Inventory and Long-Lived Assets	6 Months Ended
	Jun. 30, 2016
Asset Impairment Charges [Abstract]
Impairment of Inventory and Long-Lived Assets	Impairment of Inventory and Long-Lived Assets During the three months ended March 31, 2016 , as a result of changes in the oil and gas industry that occurred since the beginning of 2016 and the corresponding impact on the Company’s business outlook, the Company evaluated the direction of its business activities. Crude oil prices, which appeared to have stabilized during the fourth quarter of 2015, fell further during the first quarter of 2016, decreasing approximately 21% from average prices seen in the fourth quarter of 2015. The U.S. drilling rig count declined from 698 at December 31, 2015 to 450 at April 1, 2016, a decline of 35.5% . Due to the decreased rig activity and its impact on management’s expectations for future market activity, the Company further refocused operations of its Drilling Technologies segment. The Company decided to exit the business of building and repairing motors in all domestic markets. In addition, changes in drilling technique, including further escalation of the move to a dominance of pad drilling, reduced the marketability of certain other inventory items. The focus of the Production Technologies segment is being shifted to its new technologies for electric submersible pumps for the oil and gas industry and for hydraulic pumping units. Inventory associated with older technologies for these items has been evaluated for impairment. As a result of these changes in focus and projected declines in asset utilization, the Company recorded a pre-tax impairment of inventories as noted below. Changes in the business climate noted above and increasing operating losses experienced within the Drilling Technologies and Production Technologies segments during the three months ended March 31, 2016 , caused the Company to test asset groups within these two segments for recoverability. Recoverability of the carrying value of the asset groups was based upon estimated future cash flows while taking into consideration various assumptions and estimates, including future use of the assets, remaining useful life of the assets, and eventual disposition of the assets. Undiscounted estimated cash flows of two asset groups associated with domestic operations in the Drilling Technologies segment did not exceed the carrying value of the respective asset groups. Therefore, the Company performed an analysis of discounted future cash flows to determine the fair value of each of these two asset groups. As a result of this testing, the Company recorded a pre-tax impairment of long-lived assets as noted below. In addition, during the three months ended June 30, 2015 , as a result of decreased rig activity and its impact on management’s expectations for future market activity, the Company refocused the Drilling Technologies segment to businesses and markets that have the best opportunity for profitable growth in the future. In addition, the Company shifted the focus of the Production Technologies segment to oil production markets and away from coal bed methane markets. As a result of these changes in focus and projected declines in asset utilization, the Company recorded pre-tax impairment charges as noted below. The Company recorded impairment charges during the three months ended March 31, 2016 and June 30, 2015 , as follows (in thousands): Three months ended March 31, 2016 June 30, 2015 Drilling Technologies: Inventories $ 12,653 $ 17,241 Long-lived assets: Property and equipment 14,642 2,327 Intangible assets other than goodwill 9,227 — Production Technologies: Inventories 3,913 804 Total Impairment $ 40,435 $ 20,372 Based on the changes in the business climate discussed above and increasing operating losses experienced during the three months ended March 31, 2016 and June 30, 2016 , goodwill within the Teledrift and Production Technologies reporting units was tested for impairment. However, no impairments of goodwill were recorded based upon this testing.

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisition	Acquisition On January 27, 2015 , the Company acquired 100% of the assets of International Artificial Lift, LLC (“IAL”) for $1.3 million in cash consideration and 60,024 shares of the Company’s common stock. IAL specializes in the design, manufacturing and service of next-generation hydraulic pumping units that serve to increase and maximize production for oil and natural gas wells.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Supplemental cash flow information is as follows (in thousands): Six months ended June 30, 2016 2015 Supplemental non-cash investing and financing activities: Value of common stock issued in acquisitions $ — $ 1,014 Exercise of stock options by common stock surrender — 1,126 Supplemental cash payment information: Interest paid $ 921 $ 641 Income taxes paid, net of refunds 3,429 2,549

Revenue

Revenue	6 Months Ended
	Jun. 30, 2016
Revenue [Abstract]
Revenue	Revenue The Company differentiates revenue and cost of revenue based on whether the source of revenue is attributable to products, rentals, or services. Revenue and cost of revenue by source are as follows (in thousands): Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Revenue: Products $ 67,155 $ 74,522 $ 133,030 $ 140,682 Rentals 3,146 8,747 7,198 20,571 Services 2,018 3,761 4,380 8,151 $ 72,319 $ 87,030 $ 144,608 $ 169,404 Cost of revenue: Products $ 44,919 $ 50,189 $ 87,391 $ 95,850 Rentals 1,026 3,687 2,326 9,943 Services 1,615 2,089 3,712 4,124 Depreciation 838 1,813 2,330 3,708 $ 48,398 $ 57,778 $ 95,759 $ 113,625

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are as follows (in thousands): June 30, 2016 December 31, 2015 Raw materials $ 37,998 $ 44,997 Work-in-process 3,482 3,069 Finished goods 36,773 37,426 Inventories $ 78,253 $ 85,492 During the three months ended March 31, 2016 and June 30, 2015, the Company recorded an inventory impairment of $16.6 million and $18.0 million , respectively (see Note 3).

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment are as follows (in thousands): June 30, 2016 December 31, 2015 Land $ 6,896 $ 7,145 Buildings and leasehold improvements 34,290 34,351 Machinery, equipment and rental tools 62,775 85,611 Equipment in progress 15,963 12,304 Furniture and fixtures 2,635 2,749 Transportation equipment 6,740 7,462 Computer equipment and software 12,016 11,382 Property and equipment 141,315 161,004 Less accumulated depreciation (60,556 ) (69,091 ) Property and equipment, net $ 80,759 $ 91,913 During the three months ended March 31, 2016 and June 30, 2015, the Company recorded a fixed asset impairment of $14.6 million and $2.3 million , respectively (see Note 3). Depreciation expense, including expense recorded in cost of revenue, totaled $2.3 million and $3.4 million for the three months ended June 30, 2016 and 2015 , respectively, and $5.4 million and $6.8 million for the six months ended June 30, 2016 and 2015 , respectively.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Changes in the carrying value of goodwill for each reporting unit are as follows (in thousands): Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Teledrift Production Technologies Total Balance at December 31, 2015 $ 36,318 $ 19,480 $ 15,333 $ 1,689 $ 72,820 Goodwill impairment recognized — — — — — Balance at June 30, 2016 $ 36,318 $ 19,480 $ 15,333 $ 1,689 $ 72,820 Goodwill within the Teledrift and Production Technologies reporting units was tested for impairment during the three months ended March 31, 2016 and June 30, 2016. No impairments of goodwill were recognized during the three and six months ended June 30, 2016 and 2015 (see Note 3).

Other Intangible Assets

Other Intangible Assets	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Other Intangible Assets Other intangible assets are as follows (in thousands): June 30, 2016 December 31, 2015 Cost Accumulated Amortization Cost Accumulated Amortization Finite-lived intangible assets: Patents and technology $ 19,229 $ 5,398 $ 20,960 $ 5,809 Customer lists 41,877 11,626 52,607 14,640 Trademarks and brand names 3,947 2,242 7,191 3,360 Total finite-lived intangible assets acquired 65,053 19,266 80,758 23,809 Deferred financing costs 1,812 1,063 1,665 858 Total amortizable intangible assets 66,865 $ 20,329 82,423 $ 24,667 Indefinite-lived intangible assets: Trademarks and brand names 11,630 11,630 Total other intangible assets $ 78,495 $ 94,053 Carrying value: Other intangible assets, net $ 58,166 $ 69,386 Finite-lived intangible assets acquired are amortized on a straight-line basis over two to 20 years . Amortization of finite-lived intangible assets acquired totaled $0.9 million and $1.2 million for the three months ended June 30, 2016 and 2015 , respectively, and $2.1 million and $2.4 million for the six months ended June 30, 2016 and 2015 , respectively. During the three months ended March 31, 2016, the Company recorded an impairment of finite-lived intangible assets of $9.2 million (see Note 3). Amortization of deferred financing costs was $0.1 million and $0.1 million for the three months ended June 30, 2016 and 2015 , respectively, and $0.2 million and $0.2 million for the six months ended June 30, 2016 and 2015 , respectively.

Long-Term Debt and Credit Facil

Long-Term Debt and Credit Facility	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-Term Debt and Credit Facility	Long-Term Debt and Credit Facility Long-term debt is as follows (in thousands): June 30, 2016 December 31, 2015 Long-term debt: Borrowings under revolving credit facility $ 43,085 $ 25,148 Term loan 21,827 25,398 Total long-term debt 64,912 50,546 Less current portion of long-term debt (50,228 ) (32,291 ) Long-term debt, less current portion $ 14,684 $ 18,255 Credit Facility On May 10, 2013 , the Company and certain of its subsidiaries (the “Borrowers”) entered into an Amended and Restated Revolving Credit, Term Loan and Security Agreement (the “Credit Facility”) with PNC Bank, National Association (“PNC Bank”). The Company may borrow under the Credit Facility for working capital, permitted acquisitions, capital expenditures and other corporate purposes. Under terms of the Credit Facility, as amended, the Company (a) may borrow up to $75 million under a revolving credit facility and (b) has borrowed $50 million under a term loan. The Credit Facility is secured by substantially all of the Company’s domestic real and personal property, including accounts receivable, inventory, land, buildings, equipment and other intangible assets. The Credit Facility contains customary representations, warranties, and both affirmative and negative covenants. The Credit Facility restricts the payment of cash dividends on common stock and limits the amount that may be used to repurchase common stock and preferred stock. In the event of default, PNC Bank may accelerate the maturity date of any outstanding amounts borrowed under the Credit Facility. Effective March 31, 2016 , the Company entered into a Fifth Amendment to the Credit Facility under which the financial covenants to maintain a fixed charge coverage ratio and a ratio of funded debt to adjusted EBITDA were suspended until June 30, 2017. These financial covenants will be reinstated to require compliance with these ratios for the twelve-month period ending June 30, 2017, and continuing as of the last day of each fiscal quarter. The Fifth Amendment established a requirement to maintain certain minimum adjusted EBITDA levels for the periods ending September 30, 2016, December 31, 2016, and March 31, 2017. In addition, the Company is required to maintain under its revolving credit facility, a minimum monthly average undrawn availability of $10 million , including a requirement to continuously maintain $5 million of undrawn availability until June 30, 2017. The Fifth Amendment contains an annual limit on capital expenditures for 2016 of approximately $25 million . The annual capital expenditure limit returns to approximately $32 million beginning in the fiscal year 2017. Effective March 31, 2016 , the interest rate on all advances under the revolving credit facility and the term loan was increased by 1.0% . The interest rates disclosed below reflect the new rates. The Credit Facility includes a provision on the term loan that 25% of EBITDA minus cash paid for taxes, dividends, debt payments, and unfunded capital expenditures, not to exceed $3.0 million for any year, be paid within 60 days of the fiscal year end. For the year ended December 31, 2015 , there was no additional payment required based on this provision. Each of the Company’s domestic subsidiaries is fully obligated for Credit Facility indebtedness as a Borrower or as a guarantor. (a) Revolving Credit Facility Under the revolving credit facility, the Company may borrow up to $75 million through May 10, 2018 . This includes a sublimit of $10 million that may be used for letters of credit. The revolving credit facility is secured by substantially all the Company’s domestic accounts receivable and inventory. At June 30, 2016 , eligible accounts receivable and inventory securing the revolving credit facility provided total borrowing capacity of $61.0 million under the revolving credit facility before $5 million of availability that must remain undrawn through June 30, 2017. Available borrowing capacity, net of outstanding borrowings and the $5 million of availability that must remain undrawn, was $12.9 million at June 30, 2016 . The interest rate on advances under the revolving credit facility varies based on the level of borrowing under the Credit Facility. Rates range (a) between PNC Bank’s base lending rate plus 1.5% to 2.0% or (b) between the London Interbank Offered Rate (LIBOR) plus 2.5% to 3.0% . PNC Bank’s base lending rate was 3.50% at June 30, 2016 . The Company is required to pay a monthly facility fee of 0.25% per annum, on any unused amount under the commitment based on daily averages. At June 30, 2016 , $43.1 million was outstanding under the revolving credit facility, with $0.1 million borrowed as base rate loans at an interest rate of 5.00% and $43.0 million borrowed as LIBOR loans at an interest rate of 2.96% . Borrowing under the revolving credit agreement is classified as current debt as a result of the required lockbox arrangement and the subjective acceleration clause. (b) Term Loan The Company increased borrowing to $50 million under the term loan on May 10, 2013 . Monthly principal payments of $0.6 million are required. The unpaid balance of the term loan is due May 10, 2018 . Prepayments are permitted, and may be required in certain circumstances. Amounts repaid under the term loan may not be reborrowed. The term loan is secured by substantially all of the Company’s domestic land, buildings, equipment and other intangible assets. The interest rate on the term loan varies based on the level of borrowing under the Credit Facility. Rates range (a) between PNC Bank’s base lending rate plus 2.25% to 2.75% or (b) between LIBOR plus 3.25% to 3.75% . At June 30, 2016 , $21.8 million was outstanding under the term loan, with $0.8 million borrowed as base rate loans at an interest rate of 5.75% and $21.0 million borrowed as LIBOR loans at an interest rate of 3.71% .

Loss Per Share

Loss Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Loss Per Share	Per Share Basic loss per common share is calculated by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted loss per common share is calculated by dividing net loss by the weighted average number of common shares outstanding combined with dilutive common share equivalents outstanding, if the effect is dilutive. Potentially dilutive securities were excluded from the calculation of diluted loss per share for the three and six months ended June 30, 2016 and 2015 , since including them would have an anti-dilutive effect on loss per share due to the net loss incurred during the period. Securities convertible into shares of common stock that were not considered in the diluted loss per share calculations were 0.7 million stock options and 0.8 million restricted stock units for the three and six months ended June 30, 2016 and 0.8 million stock options and 0.4 million restricted stock units for the three and six months ended June 30, 2015 . Basic and diluted loss per common share are as follows (in thousands, except per share data): Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Net loss - Basic and Diluted $ (2,280 ) $ (12,547 ) $ (32,465 ) $ (14,062 ) Weighted average common shares outstanding - Basic 54,910 54,264 54,827 54,356 Assumed conversions: Incremental common shares from stock options — — — — Incremental common shares from restricted stock units — — — — Weighted average common shares outstanding - Diluted 54,910 54,264 54,827 54,356 Basic loss per common share $ (0.04 ) $ (0.23 ) $ (0.59 ) $ (0.26 ) Diluted loss per common share $ (0.04 ) $ (0.23 ) $ (0.59 ) $ (0.26 )

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company categorizes financial assets and liabilities into the three levels of the fair value hierarchy. The hierarchy prioritizes the inputs to valuation techniques used to measure fair value and bases categorization within the hierarchy on the lowest level of input that is available and significant to the fair value measurement. • Level 1 — Quoted prices in active markets for identical assets or liabilities; • Level 2 — Observable inputs other than Level 1, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and • Level 3 — Significant unobservable inputs that are supported by little or no market activity or that are based on the reporting entity’s assumptions about the inputs. Fair Value of Other Financial Instruments The carrying amounts of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses, approximate fair value due to the short-term nature of these accounts. The Company had no cash equivalents at June 30, 2016 , or December 31, 2015 . The carrying value and estimated fair value of the Company’s long-term debt are as follows (in thousands): June 30, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Term loan $ 21,827 $ 21,827 $ 25,398 $ 25,398 Borrowings under revolving credit facility 43,085 43,085 25,148 25,148 The carrying value of the term loan and borrowings under the revolving credit facility approximate their fair value because the interest rates are variable. Assets Measured at Fair Value on a Nonrecurring Basis The Company’s non-financial assets, including property and equipment, goodwill, and other intangible assets are measured at fair value on a non-recurring basis and are subject to fair value adjustment in certain circumstances. During the three months ended March 31, 2016 , the Company recorded an impairment of $14.6 million for property and equipment and $9.2 million for other intangible assets (see Note 3). During the three months ended June 30, 2015 , the Company recorded an impairment of $2.3 million for property and equipment (see Note 3). Loss on impairment is reported in operating expenses. No impairments of property and equipment or other intangible assets were recognized during the three months ended June 30, 2016 , and no impairments of other intangible assets were recognized during the three and six months ended June 30, 2015 . No impairments of goodwill were recognized during the three and six months ended June 30, 2016 and 2015 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes During the year ended December 31, 2015, the Company restructured its legal entities such that there will be only one U.S. tax filing group filing a single U.S. consolidated federal income tax return beginning in 2016. Prior to 2016, the Company’s corporate organizational structure required the filing of two separate consolidated U.S. Federal income tax returns. Taxable income of one group could not be offset by tax attributes, including net operating losses, of the other group. A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows: Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 U.S. federal statutory tax rate (35.0 )% (35.0 )% (35.0 )% (35.0 )% State income taxes, net of federal benefit (1.0 ) 0.5 (1.1 ) (0.1 ) Non-U.S. income taxed at different rates (5.5 ) (2.9 ) (0.1 ) (0.4 ) Non-deductible expenses 6.9 2.9 0.6 2.1 Domestic production activities deduction — (0.6 ) — (0.4 ) Other 0.3 1.0 0.4 0.9 Effective income tax rate (34.3 )% (34.1 )% (35.2 )% (32.9 )% Fluctuations in effective tax rates have historically been impacted by permanent tax differences with no associated income tax impact, changes in state apportionment factors, including the effect on state deferred tax assets and liabilities, and benefits of non-U.S. income taxed at lower rates. Changes in the effective tax rate during the three and six months ended June 30, 2016 , included the Company not qualifying for the domestic production activities deduction. Deferred taxes are presented in the balance sheets as follows (in thousands): June 30, 2016 December 31, 2015 Current deferred tax assets $ 3,502 $ 2,649 Non-current deferred tax assets — 17,229 Non-current deferred tax liabilities (526 ) (23,823 ) Net deferred tax assets (liabilities) $ 2,976 $ (3,945 )

Stock Repurchase Program

Stock Repurchase Program	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Stock Repurchase Program	Stock Repurchase Program In November 2012, the Company’s Board of Directors authorized the repurchase of up to $25 million of the Company’s common stock. Repurchases may be made in the open market or through privately negotiated transactions. During the three and six months ended June 30, 2016 , the Company did not repurchase any shares of its outstanding common stock. During the three months ended June 30, 2015 , the Company repurchased 367,129 shares of its outstanding common stock on the open market at a cost of $4.6 million , inclusive of transaction costs, or an average price of $12.55 per share. During the six months ended June 30, 2015 , the Company repurchased a total of 547,319 shares of its outstanding common stock on the open market at a cost of $7.3 million , inclusive of transaction costs, or an average price of $13.26 per share. In June 2015, the Company’s Board of Directors authorized the repurchase of up to an additional $50 million of the Company’s common stock. Repurchases may be made in the open market or through privately negotiated transactions. Through June 30, 2016 , the Company has not repurchased any of its common stock under this authorization. As of June 30, 2016 , the Company has $54.9 million remaining under its share repurchase programs. A covenant under the Company’s Credit Facility limits the amount that may be used to repurchase the Company’s common stock. As of June 30, 2016 , this covenant limits additional share repurchases to $4.9 million .

Business Segment, Geographic an

Business Segment, Geographic and Major Customer Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Business Segment, Geographic and Major Customer Information	Business Segment, Geographic and Major Customer Information Segment Information Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by chief operating decision-makers in deciding how to allocate resources and assess performance. The operations of the Company are categorized into four reportable segments: Energy Chemistry Technologies, Consumer and Industrial Chemistry Technologies, Drilling Technologies, and Production Technologies. • Energy Chemistry Technologies designs, develops, manufactures, packages, and markets specialty chemistries used in oil and natural gas well drilling, cementing, completion, stimulation, and production. In addition, the Company’s chemistries are used in specialized enhanced and improved oil recovery markets. Activities in this segment also include construction and management of automated material handling facilities and management of loading facilities and blending operations for oilfield services companies. • Consumer and Industrial Chemistry Technologies designs, develops, and manufactures products that are sold to companies in the flavor and fragrance industries and the specialty chemical industry. These technologies are used by beverage and food companies, fragrance companies, and companies providing household and industrial cleaning products. • Drilling Technologies rents, sells, inspects, manufactures, and markets downhole drilling equipment used in energy, mining, and industrial drilling activities. • Production Technologies assembles and markets production-related equipment, including the Petrovalve ® product line of rod pump components, hydraulic pumping units, electric submersible pumps, gas separators, valves, and services that support natural gas and oil production activities. The Company evaluates performance based upon a variety of criteria. The primary financial measure is segment operating income. Various functions, including certain sales and marketing activities and general and administrative activities, are provided centrally by the corporate office. Costs associated with corporate office functions, other corporate income and expense items, and income taxes are not allocated to reportable segments. Summarized financial information of the reportable segments is as follows (in thousands): As of and for the three months ended June 30, Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Drilling Technologies Production Technologies Corporate and Other Total 2016 Net revenue from external customers $ 43,385 $ 20,694 $ 6,372 $ 1,868 $ — $ 72,319 Gross profit 17,660 4,058 2,217 (14 ) — 23,921 Income (loss) from operations 7,584 2,686 (1,618 ) (1,261 ) (10,114 ) (2,723 ) Depreciation and amortization 1,237 608 607 221 557 3,230 Total assets 151,117 108,935 67,815 23,612 13,865 365,344 Capital expenditures 3,685 204 245 50 559 4,743 2015 Net revenue from external customers $ 56,472 $ 15,477 $ 12,334 $ 2,747 $ — $ 87,030 Gross profit 20,426 4,126 4,103 597 — 29,252 Income (loss) from operations 11,892 2,683 (21,300 ) (1,596 ) (10,287 ) (18,608 ) Depreciation and amortization 1,174 549 2,218 198 471 4,610 Total assets 149,767 98,251 114,481 25,544 15,350 403,393 Capital expenditures 2,075 6 620 138 527 3,366 As of and for the six months ended June 30, Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Drilling Technologies Production Technologies Corporate and Other Total 2016 Net revenue from external customers $ 88,064 $ 39,827 $ 12,828 $ 3,889 $ — $ 144,608 Gross profit 36,429 9,082 3,242 96 — 48,849 Income (loss) from operations 15,597 6,075 (42,569 ) (6,691 ) (21,149 ) (48,737 ) Depreciation and amortization 2,480 1,118 2,428 440 1,053 7,519 Total assets 151,117 108,935 67,815 23,612 13,865 365,344 Capital expenditures 6,699 346 483 235 1,193 8,956 2015 Net revenue from external customers $ 103,115 $ 28,940 $ 31,028 $ 6,321 $ — $ 169,404 Gross profit 36,526 7,833 10,094 1,326 — 55,779 Income (loss) from operations 18,713 5,064 (21,937 ) (2,135 ) (19,601 ) (19,896 ) Depreciation and amortization 2,378 1,102 4,537 323 841 9,181 Total assets 149,767 98,251 114,481 25,544 15,350 403,393 Capital expenditures 4,443 28 2,744 776 972 8,963 Geographic Information Revenue by country is based on the location where services are provided and products are used. No individual country other than the United States (“U.S.”) accounted for more than 10% of revenue. Revenue by geographic location is as follows (in thousands): Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 U.S. $ 54,014 $ 73,250 $ 111,808 $ 137,446 Other countries 18,305 13,780 32,800 31,958 Total $ 72,319 $ 87,030 $ 144,608 $ 169,404 Long-lived assets held in countries other than the U.S. are not considered material to the consolidated financial statements. Major Customers Revenue from major customers, as a percentage of consolidated revenue, is as follows: Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Customer A 15.5 % 19.5 % 18.3 % 15.8 % Customer B 11.8 % 12.1 % 11.3 % 11.2 % Over 95% of the revenue from these customers was for sales in the Energy Chemistry Technologies segment.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Class Action Litigation In November 2015, four putative securities class action lawsuits were filed in the United States District Court for the Southern District of Texas against the Company and certain of its officers. The lawsuits have been consolidated into a single case, and an amended complaint has been filed. The amended complaint asserts that the Company made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. The complaint seeks an award of damages in an unspecified amount on behalf of a putative class consisting of persons who purchased the Company’s common stock between October 23, 2014 and November 9, 2015, inclusive. In January 2016, three derivative lawsuits were filed, two in the District Court of Harris County, Texas (which have since been consolidated into one case) and one in the United States District Court for the Southern District of Texas, on behalf of the Company against certain of its officers and its current directors. The lawsuits allege violations of law, breaches of fiduciary duty, and unjust enrichment against the defendants. The Company believes the class action lawsuit and the derivative lawsuits are without merit, and it intends to vigorously defend against all claims asserted. Discovery has not yet commenced. At this time, the Company is unable to reasonably estimate the outcome of this litigation. In addition, the Company has received notice from the U.S. Securities and Exchange Commission that it has opened an inquiry related to similar issues to those raised in the above-described litigation. Other Litigation The Company is subject to routine litigation and other claims that arise in the normal course of business. Management is not aware of any pending or threatened lawsuits or proceedings that are expected to have a material effect on the Company’s financial position, results of operations or liquidity. Concentrations and Credit Risk The majority of the Company’s revenue is derived from the oil and gas industry. Customers include major oilfield services companies, major integrated oil and natural gas companies, independent oil and natural gas companies, pressure pumping service companies and state-owned national oil companies. This concentration of customers in one industry increases credit and business risks. The Company is subject to concentrations of credit risk within trade accounts receivable, as the Company does not generally require collateral as support for trade receivables. In addition, the majority of the Company’s cash is maintained at a major financial institution and balances often exceed insurable amounts.

Organization and Significant 25

Organization and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Unaudited Condensed Consolidated Financial Statements and accompanying footnotes (collectively the “Financial Statements”) reflect all adjustments, in the opinion of management, necessary for fair presentation of the financial condition and results of operations for the periods presented. All such adjustments are normal and recurring in nature. The Financial Statements, including selected notes, have been prepared in accordance with applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting and do not include all information and disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for comprehensive financial statement reporting. These interim Financial Statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (“Annual Report”). A copy of the Annual Report is available on the SEC’s website, www.sec.gov , under the Company’s ticker symbol (“FTK”) or on Flotek’s website, www.flotekind.com . The results of operations for the three and six months ended June 30, 2016 , are not necessarily indicative of the results to be expected for the year ending December 31, 2016 .
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of revenue and expenses. Actual results could differ from these estimates.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. The reclassifications did not impact net income (loss).
Recent Accounting Pronouncements	Recent Accounting Pronouncements Application of New Accounting Standards Effective January 1, 2016, the Company adopted the accounting guidance in Accounting Standards Update (“ASU”) No. 2015-01, “ Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. ” This ASU eliminates from U.S. GAAP the concept of extraordinary items and the need for an entity to separately classify, present, and disclose extraordinary events and transactions, while retaining certain presentation and disclosure guidance for items that are unusual in nature or occur infrequently. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. Effective January 1, 2016, the Company adopted the accounting guidance in ASU No. 2015-02, “ Amendments to the Consolidation Analysis .” The amendment eliminates the deferral of certain consolidation standards for entities considered to be investment companies and modifies the consolidation analysis performed on certain types of legal entities. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. Effective January 1, 2016, the Company adopted the accounting guidance in ASU No. 2015-03, “ Simplifying the Presentation of Debt Issuance Costs .” The accounting guidance requires that debt issuance costs related to a recognized debt liability be reported on the Consolidated Statements of Financial Condition as a direct deduction from the carrying amount of that debt liability. In addition, the Company adopted the accounting guidance in ASU No. 2015-15, which provides additional guidance related to the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. An entity may present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings. Implementation of these standards did not have a material effect on the consolidated financial statements and related disclosures. Effective January 1, 2016, the Company adopted the accounting guidance in ASU No. 2015-16, “ Simplifying the Accounting for Measurement-Period Adjustments .” This standard replaces the requirement that an acquirer in a business combination account for measurement period adjustments retrospectively with a requirement that an acquirer recognize adjustments to the provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The acquirer is required to record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The guidance is to be applied prospectively to adjustments to provisional amounts that occur after the effective date of the guidance. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. New Accounting Requirements and Disclosures In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, “ Revenue from Contracts with Customers .” The ASU will supersede most of the existing revenue recognition requirements in U.S. GAAP and will require entities to recognize revenue at an amount that reflects the consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. The new standard also requires significantly expanded disclosures regarding the qualitative and quantitative information of an entity’s nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued ASU No. 2015-14, which deferred the effective date by one year to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, but not before the original effective date of reporting periods beginning after December 15, 2016. In March 2016, the FASB issued ASU No. 2016-08, which improves the operability and understandability of the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU No. 2016-10, which clarifies identifying performance obligations and the licensing implementation guidance. In May 2016, the FASB issued ASU No. 2016-11, which rescinds certain SEC Staff Observer comments that are codified in Topic 605, Revenue Recognition, effective upon adoption of ASU 2014-09, and ASU No. 2016-12, which reduces the potential for diversity in practice at initial application and reduces the cost and complexity of applying Topic 606 both at transition and on an ongoing basis. The Company is currently evaluating the impact these pronouncements will have on the consolidated financial statements and related disclosures. In July 2015, the FASB issued ASU No. 2015-11, “ Simplifying the Measurement of Inventory .” This standard requires management to measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The pronouncement is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and should be applied retrospectively, with early application permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In November 2015, the FASB issued ASU 2015-17, “ Balance Sheet Classification of Deferred Taxes .” This standard eliminates the current requirement for organizations to present deferred tax assets and liabilities as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. The pronouncement is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, “ Leases .” This standard requires the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous U.S. GAAP. The pronouncement is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period and should be applied using a modified retrospective transition approach, with early application permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-09, “ Improvements to Employee Share-Based Payment Accounting .” This standard simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The pronouncement is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods, with early adoption permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU No. 2016-13, “ Measurement of Credit Losses on Financial Instruments .” This standard replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The pronouncement is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption for the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures.

Impairment of Inventory and L26

Impairment of Inventory and Long-Lived Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Asset Impairment Charges [Abstract]
Schedule of asset impairment charges	The Company recorded impairment charges during the three months ended March 31, 2016 and June 30, 2015 , as follows (in thousands): Three months ended March 31, 2016 June 30, 2015 Drilling Technologies: Inventories $ 12,653 $ 17,241 Long-lived assets: Property and equipment 14,642 2,327 Intangible assets other than goodwill 9,227 — Production Technologies: Inventories 3,913 804 Total Impairment $ 40,435 $ 20,372

Supplemental Cash Flow Inform27

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Components of supplemental cash flow information	Supplemental cash flow information is as follows (in thousands): Six months ended June 30, 2016 2015 Supplemental non-cash investing and financing activities: Value of common stock issued in acquisitions $ — $ 1,014 Exercise of stock options by common stock surrender — 1,126 Supplemental cash payment information: Interest paid $ 921 $ 641 Income taxes paid, net of refunds 3,429 2,549

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2016
Revenue [Abstract]
Differentiation of revenue and cost of revenue	Revenue and cost of revenue by source are as follows (in thousands): Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Revenue: Products $ 67,155 $ 74,522 $ 133,030 $ 140,682 Rentals 3,146 8,747 7,198 20,571 Services 2,018 3,761 4,380 8,151 $ 72,319 $ 87,030 $ 144,608 $ 169,404 Cost of revenue: Products $ 44,919 $ 50,189 $ 87,391 $ 95,850 Rentals 1,026 3,687 2,326 9,943 Services 1,615 2,089 3,712 4,124 Depreciation 838 1,813 2,330 3,708 $ 48,398 $ 57,778 $ 95,759 $ 113,625

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Components of inventory	Inventories are as follows (in thousands): June 30, 2016 December 31, 2015 Raw materials $ 37,998 $ 44,997 Work-in-process 3,482 3,069 Finished goods 36,773 37,426 Inventories $ 78,253 $ 85,492

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Components of property and equipment	Property and equipment are as follows (in thousands): June 30, 2016 December 31, 2015 Land $ 6,896 $ 7,145 Buildings and leasehold improvements 34,290 34,351 Machinery, equipment and rental tools 62,775 85,611 Equipment in progress 15,963 12,304 Furniture and fixtures 2,635 2,749 Transportation equipment 6,740 7,462 Computer equipment and software 12,016 11,382 Property and equipment 141,315 161,004 Less accumulated depreciation (60,556 ) (69,091 ) Property and equipment, net $ 80,759 $ 91,913

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the carrying value of goodwill	Changes in the carrying value of goodwill for each reporting unit are as follows (in thousands): Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Teledrift Production Technologies Total Balance at December 31, 2015 $ 36,318 $ 19,480 $ 15,333 $ 1,689 $ 72,820 Goodwill impairment recognized — — — — — Balance at June 30, 2016 $ 36,318 $ 19,480 $ 15,333 $ 1,689 $ 72,820

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of other intangible assets	Other intangible assets are as follows (in thousands): June 30, 2016 December 31, 2015 Cost Accumulated Amortization Cost Accumulated Amortization Finite-lived intangible assets: Patents and technology $ 19,229 $ 5,398 $ 20,960 $ 5,809 Customer lists 41,877 11,626 52,607 14,640 Trademarks and brand names 3,947 2,242 7,191 3,360 Total finite-lived intangible assets acquired 65,053 19,266 80,758 23,809 Deferred financing costs 1,812 1,063 1,665 858 Total amortizable intangible assets 66,865 $ 20,329 82,423 $ 24,667 Indefinite-lived intangible assets: Trademarks and brand names 11,630 11,630 Total other intangible assets $ 78,495 $ 94,053 Carrying value: Other intangible assets, net $ 58,166 $ 69,386

Long-Term Debt and Credit Fac33

Long-Term Debt and Credit Facility (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Components of long-term debt	Long-term debt is as follows (in thousands): June 30, 2016 December 31, 2015 Long-term debt: Borrowings under revolving credit facility $ 43,085 $ 25,148 Term loan 21,827 25,398 Total long-term debt 64,912 50,546 Less current portion of long-term debt (50,228 ) (32,291 ) Long-term debt, less current portion $ 14,684 $ 18,255

Loss Per Share (Tables)

Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Components of basic and diluted earnings per common share	Basic and diluted loss per common share are as follows (in thousands, except per share data): Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Net loss - Basic and Diluted $ (2,280 ) $ (12,547 ) $ (32,465 ) $ (14,062 ) Weighted average common shares outstanding - Basic 54,910 54,264 54,827 54,356 Assumed conversions: Incremental common shares from stock options — — — — Incremental common shares from restricted stock units — — — — Weighted average common shares outstanding - Diluted 54,910 54,264 54,827 54,356 Basic loss per common share $ (0.04 ) $ (0.23 ) $ (0.59 ) $ (0.26 ) Diluted loss per common share $ (0.04 ) $ (0.23 ) $ (0.59 ) $ (0.26 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Carrying value and estimated fair value of long-term debt	The carrying value and estimated fair value of the Company’s long-term debt are as follows (in thousands): June 30, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Term loan $ 21,827 $ 21,827 $ 25,398 $ 25,398 Borrowings under revolving credit facility 43,085 43,085 25,148 25,148

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Reconciliation of effective tax rate to the U.S. federal statutory tax rate	A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows: Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 U.S. federal statutory tax rate (35.0 )% (35.0 )% (35.0 )% (35.0 )% State income taxes, net of federal benefit (1.0 ) 0.5 (1.1 ) (0.1 ) Non-U.S. income taxed at different rates (5.5 ) (2.9 ) (0.1 ) (0.4 ) Non-deductible expenses 6.9 2.9 0.6 2.1 Domestic production activities deduction — (0.6 ) — (0.4 ) Other 0.3 1.0 0.4 0.9 Effective income tax rate (34.3 )% (34.1 )% (35.2 )% (32.9 )%
Schedule of deferred tax assets and liabilities	Deferred taxes are presented in the balance sheets as follows (in thousands): June 30, 2016 December 31, 2015 Current deferred tax assets $ 3,502 $ 2,649 Non-current deferred tax assets — 17,229 Non-current deferred tax liabilities (526 ) (23,823 ) Net deferred tax assets (liabilities) $ 2,976 $ (3,945 )

Business Segment, Geographic 37

Business Segment, Geographic and Major Customer Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Financial information regarding reportable segments	Summarized financial information of the reportable segments is as follows (in thousands): As of and for the three months ended June 30, Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Drilling Technologies Production Technologies Corporate and Other Total 2016 Net revenue from external customers $ 43,385 $ 20,694 $ 6,372 $ 1,868 $ — $ 72,319 Gross profit 17,660 4,058 2,217 (14 ) — 23,921 Income (loss) from operations 7,584 2,686 (1,618 ) (1,261 ) (10,114 ) (2,723 ) Depreciation and amortization 1,237 608 607 221 557 3,230 Total assets 151,117 108,935 67,815 23,612 13,865 365,344 Capital expenditures 3,685 204 245 50 559 4,743 2015 Net revenue from external customers $ 56,472 $ 15,477 $ 12,334 $ 2,747 $ — $ 87,030 Gross profit 20,426 4,126 4,103 597 — 29,252 Income (loss) from operations 11,892 2,683 (21,300 ) (1,596 ) (10,287 ) (18,608 ) Depreciation and amortization 1,174 549 2,218 198 471 4,610 Total assets 149,767 98,251 114,481 25,544 15,350 403,393 Capital expenditures 2,075 6 620 138 527 3,366 As of and for the six months ended June 30, Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Drilling Technologies Production Technologies Corporate and Other Total 2016 Net revenue from external customers $ 88,064 $ 39,827 $ 12,828 $ 3,889 $ — $ 144,608 Gross profit 36,429 9,082 3,242 96 — 48,849 Income (loss) from operations 15,597 6,075 (42,569 ) (6,691 ) (21,149 ) (48,737 ) Depreciation and amortization 2,480 1,118 2,428 440 1,053 7,519 Total assets 151,117 108,935 67,815 23,612 13,865 365,344 Capital expenditures 6,699 346 483 235 1,193 8,956 2015 Net revenue from external customers $ 103,115 $ 28,940 $ 31,028 $ 6,321 $ — $ 169,404 Gross profit 36,526 7,833 10,094 1,326 — 55,779 Income (loss) from operations 18,713 5,064 (21,937 ) (2,135 ) (19,601 ) (19,896 ) Depreciation and amortization 2,378 1,102 4,537 323 841 9,181 Total assets 149,767 98,251 114,481 25,544 15,350 403,393 Capital expenditures 4,443 28 2,744 776 972 8,963
Revenue by geographic location	Revenue by geographic location is as follows (in thousands): Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 U.S. $ 54,014 $ 73,250 $ 111,808 $ 137,446 Other countries 18,305 13,780 32,800 31,958 Total $ 72,319 $ 87,030 $ 144,608 $ 169,404
Revenue by major customer	Revenue from major customers, as a percentage of consolidated revenue, is as follows: Three months ended June 30, Six months ended June 30, 2016 2015 2016 2015 Customer A 15.5 % 19.5 % 18.3 % 15.8 % Customer B 11.8 % 12.1 % 11.3 % 11.2 %

Organization and Significant 38

Organization and Significant Accounting Policies (Details)	Jun. 30, 2016country
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries Flotek actively markets products and services, over 20 countries (country)	20

Impairment of Inventory and L39

Impairment of Inventory and Long-Lived Assets - Additional Disclosures (Details)	3 Months Ended			6 Months Ended
	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)segment	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Apr. 01, 2016rig	Dec. 31, 2015rig
Property, Plant and Equipment [Line Items]
Decrease in crude oil prices (percent)		21.00%
Number of segments tested for goodwill (segment) | segment		2
Impairments of goodwill | $	$ 0	$ 0	$ 0	$ 0	$ 0
UNITED STATES
Property, Plant and Equipment [Line Items]
Number of drilling rigs (rig) | rig						450	698
Decrease in number of drilling rigs (percent)						35.50%

Impairment of Inventory and L40

Impairment of Inventory and Long-Lived Assets - Schedule of asset impairment charges (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Inventories		$ 16,600,000	$ 18,000,000
Property and equipment	$ 0	14,600,000	2,300,000
Total Impairment	$ 0	40,435,000	20,372,000	$ 40,435,000	$ 20,372,000
Drilling Technologies [Member]
Segment Reporting Information [Line Items]
Inventories		12,653,000	17,241,000
Property and equipment		14,642,000	2,327,000
Intangible assets other than goodwill		9,227,000	0
Production Technologies [Member]
Segment Reporting Information [Line Items]
Inventories		$ 3,913,000	$ 804,000

Acquisition (Details)

Acquisition (Details) - IAL [Member] $ in Millions	Jan. 27, 2015USD ($)shares
Business Acquisition [Line Items]
Percent of assets acquired	100.00%
Consideration transferred, cash payments | $	$ 1.3
Consideration transferred, common stock issued (shares) | shares	60,024

Supplemental Cash Flow Inform42

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Supplemental non-cash investing and financing activities:
Value of common stock issued in acquisitions	$ 0	$ 1,014
Exercise of stock options by common stock surrender	0	1,126
Supplemental cash payment information:
Interest paid	921	641
Income taxes paid, net of refunds	$ 3,429	$ 2,549

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenue:
Products	$ 67,155	$ 74,522	$ 133,030	$ 140,682
Rentals	3,146	8,747	7,198	20,571
Services	2,018	3,761	4,380	8,151
Total revenue	72,319	87,030	144,608	169,404
Cost of revenue:
Products	44,919	50,189	87,391	95,850
Rentals	1,026	3,687	2,326	9,943
Services	1,615	2,089	3,712	4,124
Depreciation	838	1,813	2,330	3,708
Total cost of revenue	$ 48,398	$ 57,778	$ 95,759	$ 113,625

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
Components of Inventory
Raw materials			$ 37,998	$ 44,997
Work-in-process			3,482	3,069
Finished goods			36,773	37,426
Inventories			$ 78,253	$ 85,492
Inventory impairment	$ 16,600	$ 18,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Components of Property, Plant and Equipment
Land	$ 6,896	$ 7,145
Buildings and leasehold improvements	34,290	34,351
Machinery, equipment and rental tools	62,775	85,611
Equipment in progress	15,963	12,304
Furniture and fixtures	2,635	2,749
Property and equipment	141,315	161,004
Less accumulated depreciation	(60,556)	(69,091)
Property and equipment, net	80,759	91,913
Transportation equipment [Member]
Components of Property, Plant and Equipment
Property and equipment	6,740	7,462
Computer equipment and software [Member]
Components of Property, Plant and Equipment
Property and equipment	$ 12,016	$ 11,382

Property and Equipment - Additi

Property and Equipment - Additional Disclosures (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Impairment of property and equipment	$ 0	$ 14,600,000	$ 2,300,000
Depreciation expense, inclusive of expense captured in cost of revenue	$ 2,300,000		$ 3,400,000	$ 5,400,000	$ 6,800,000

Goodwill - Carrying Value of Go

Goodwill - Carrying Value of Goodwill (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Goodwill [Roll Forward]
Balance, beginning of period		$ 72,820,000		$ 72,820,000
Goodwill impairment recognized	$ 0	0	$ 0	0	$ 0
Balance, end of period	72,820,000			72,820,000
Energy Chemistry Technologies [Member]
Goodwill [Roll Forward]
Balance, beginning of period		36,318,000		36,318,000
Goodwill impairment recognized				0
Balance, end of period	36,318,000			36,318,000
Consumer and Industrial Chemistry Technologies [Member]
Goodwill [Roll Forward]
Balance, beginning of period		19,480,000		19,480,000
Goodwill impairment recognized				0
Balance, end of period	19,480,000			19,480,000
Teledrift [Member]
Goodwill [Roll Forward]
Balance, beginning of period		15,333,000		15,333,000
Goodwill impairment recognized				0
Balance, end of period	15,333,000			15,333,000
Production Technologies [Member]
Goodwill [Roll Forward]
Balance, beginning of period		$ 1,689,000		1,689,000
Goodwill impairment recognized				0
Balance, end of period	$ 1,689,000			$ 1,689,000

Goodwill - Additional Disclosur

Goodwill - Additional Disclosures (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Impairments of goodwill	$ 0	$ 0	$ 0	$ 0	$ 0

Other Intangible Assets - Sched

Other Intangible Assets - Schedule of other intangible assets (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	$ 66,865	$ 82,423
Finite-lived intangible assets, Accumulated Amortization	20,329	24,667
Total other intangible assets	78,495	94,053
Other intangible assets, net	58,166	69,386
Trademarks and brand names
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, Trademarks and brand names	11,630	11,630
Acquired Intangible Assets [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	65,053	80,758
Finite-lived intangible assets, Accumulated Amortization	19,266	23,809
Patents and technology
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	19,229	20,960
Finite-lived intangible assets, Accumulated Amortization	5,398	5,809
Customer lists
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	41,877	52,607
Finite-lived intangible assets, Accumulated Amortization	11,626	14,640
Trademarks and brand names
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	3,947	7,191
Finite-lived intangible assets, Accumulated Amortization	2,242	3,360
Deferred financing costs
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	1,812	1,665
Finite-lived intangible assets, Accumulated Amortization	$ 1,063	$ 858

Other Intangible Assets - Addit

Other Intangible Assets - Additional Disclosures (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Amortization of finite-lived intangible assets	$ 900,000		$ 1,200,000	$ 2,100,000	$ 2,400,000
Impairment of finite-lived intangible assets	0	$ 9,200,000	0		0
Amortization of deferred financing costs	$ 100,000		$ 100,000	$ 205,000	$ 173,000
Minimum [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Amortization period (in years)				2 years
Maximum [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Amortization period (in years)				20 years

Long-Term Debt and Credit Fac51

Long-Term Debt and Credit Facility - Components of Long-term debt (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Long-term debt:
Long-term debt	$ 64,912	$ 50,546
Less current portion of long-term debt	(50,228)	(32,291)
Long-term debt, less current portion	14,684	18,255
Revolving Credit Facility [Member]
Long-term debt:
Long-term debt	43,085	25,148
Term loan [Member]
Long-term debt:
Long-term debt	$ 21,827	$ 25,398

Long-Term Debt and Credit Fac52

Long-Term Debt and Credit Facility - Additional Disclosures (Details) - USD ($)	Mar. 31, 2016	May 10, 2013	Jun. 30, 2016	Dec. 31, 2015
Line of Credit Facility [Line Items]
Amount borrowed			$ 64,912,000	$ 50,546,000
Term loan [Member]
Line of Credit Facility [Line Items]
Amount borrowed			21,827,000	$ 25,398,000
Credit Facility
Line of Credit Facility [Line Items]
Limit on capital expenditures	$ 25,000,000
Annual limit on capital expenditures	$ 32,000,000
Increase in interest rate (percent)	1.00%
Covenant, percent of adjusted EBITDA which must be prepaid (percent)		25.00%
Credit facility ceiling value applicable to 25% of adjusting EBITDA which must be paid		$ 3,000,000
Covenant, maximum number of days from year end by which prepayment of 25% of adjusted EBITDA is due (in days)		60 days
Credit Facility | Line of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 75,000,000	75,000,000
Minimum average undrawn availability during period	$ 10,000,000
Undrawn availability required	$ 5,000,000		5,000,000
Credit facility, availability			61,000,000
Credit facility, available borrowing capacity, net of outstanding borrowings			$ 12,900,000
Credit facility, commitment fee percentage (percent)			0.25%
Credit facility, amount outstanding			$ 43,100,000
Credit Facility | Line of Credit [Member] | Revolving Credit Facility [Member] | PNC Bank Base Rate [Member]
Line of Credit Facility [Line Items]
Base lending rate (percent)			3.50%
Credit facility, amount outstanding			$ 100,000
Credit facility, interest rate at period end (percent)			5.00%
Credit Facility | Line of Credit [Member] | Revolving Credit Facility [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Credit facility, amount outstanding			$ 43,000,000
Credit facility, interest rate at period end (percent)			2.96%
Credit Facility | Line of Credit [Member] | Revolving Credit Facility [Member] | Minimum [Member] | PNC Bank Base Rate [Member]
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread (percent)			1.50%
Credit Facility | Line of Credit [Member] | Revolving Credit Facility [Member] | Minimum [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread (percent)			2.50%
Credit Facility | Line of Credit [Member] | Revolving Credit Facility [Member] | Maximum [Member] | PNC Bank Base Rate [Member]
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread (percent)			2.00%
Credit Facility | Line of Credit [Member] | Revolving Credit Facility [Member] | Maximum [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread (percent)			3.00%
Credit Facility | Letter of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 10,000,000
Credit Facility | Term loan [Member]
Line of Credit Facility [Line Items]
Debt, face amount		50,000,000
Monthly principal payments		$ 600,000
Amount borrowed			21,800,000
Credit Facility | Term loan [Member] | PNC Bank Base Rate [Member]
Line of Credit Facility [Line Items]
Amount borrowed			$ 800,000
Debt, interest rate at period end			5.75%
Credit Facility | Term loan [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Amount borrowed			$ 21,000,000
Debt, interest rate at period end			3.71%
Credit Facility | Term loan [Member] | Minimum [Member] | PNC Bank Base Rate [Member]
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread (percent)			2.25%
Credit Facility | Term loan [Member] | Minimum [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread (percent)			3.25%
Credit Facility | Term loan [Member] | Maximum [Member] | PNC Bank Base Rate [Member]
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread (percent)			2.75%
Credit Facility | Term loan [Member] | Maximum [Member] | LIBOR [Member]
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread (percent)			3.75%

Loss Per Share - Additional Dis

Loss Per Share - Additional Disclosures (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of earnings per share (in shares)	0.7	0.8	0.7	0.8
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of earnings per share (in shares)	0.8	0.4	0.8	0.4

Loss Per Share - Basic and Dilu

Loss Per Share - Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Class of Stock [Line Items]
Net loss - Basic and Diluted	$ (2,280)	$ (12,547)	$ (32,465)	$ (14,062)
Weighted average common shares outstanding - Basic (in shares)	54,910	54,264	54,827	54,356
Assumed conversions:
Weighted average common shares outstanding - Diluted (in shares)	54,910	54,264	54,827	54,356
Basic loss per common share (in dollars per share)	$ (0.04)	$ (0.23)	$ (0.59)	$ (0.26)
Diluted loss per common share (in dollars per share)	$ (0.04)	$ (0.23)	$ (0.59)	$ (0.26)
Stock Options [Member]
Assumed conversions:
Incremental common shares from stock options and restricted stock units (in shares)	0	0	0	0
Restricted Stock Units [Member]
Assumed conversions:
Incremental common shares from stock options and restricted stock units (in shares)	0	0	0	0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Disclosures (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Cash equivalents	$ 0			$ 0		$ 0
Impairment of property and equipment	0	$ 14,600,000	$ 2,300,000
Impairment intangible assets	0	9,200,000	0		$ 0
Impairments of goodwill	$ 0	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Other Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Borrowings under revolving credit facility	$ 43,085	$ 25,148
Carrying Value [Member] | Term loan [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Term loan	21,827	25,398
Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Borrowings under revolving credit facility	43,085	25,148
Fair Value [Member] | Term loan [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Term loan	$ 21,827	$ 25,398

Income Taxes - Additional Discl

Income Taxes - Additional Disclosures (Details) - filing_group	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Number of U.S. tax return filing groups	1	2

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Tax Rate (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	(35.00%)	(35.00%)	(35.00%)	(35.00%)
State income taxes, net of federal benefit	(1.00%)	0.50%	(1.10%)	(0.10%)
Non-U.S. income taxed at different rates	(5.50%)	(2.90%)	(0.10%)	(0.40%)
Non-deductible expenses	6.90%	2.90%	0.60%	2.10%
Domestic production activities deduction	(0.00%)	(0.60%)	(0.00%)	(0.40%)
Other	0.30%	1.00%	0.40%	0.90%
Effective income tax rate	(34.30%)	(34.10%)	(35.20%)	(32.90%)

Income Taxes - Deferred Taxes (

Income Taxes - Deferred Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Current deferred tax assets	$ 3,502	$ 2,649
Non-current deferred tax assets	0	17,229
Non-current deferred tax liabilities	(526)	(23,823)
Net deferred tax assets	$ 2,976
Net deferred tax liabilities		$ (3,945)

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Nov. 30, 2012
Equity, Class of Treasury Stock [Line Items]
Repurchase of common stock			$ 609,000
Stock repurchase program, remaining amount	$ 54,900,000		$ 54,900,000
Share Repurchase Program, November 2012 [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount (up to)					$ 25,000,000
Repurchase of common stock during period (in shares)	0	367,129	0	547,319
Repurchase of common stock		$ 4,600,000		$ 7,300,000
Repurchase of common stock (in dollars per share)		$ 12.55		$ 13.26
Share Repurchase Program, June 2015 [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount (up to)		$ 50,000,000		$ 50,000,000
Repurchase of common stock (in shares)	0		0
Credit Facility
Equity, Class of Treasury Stock [Line Items]
Debt Instrument, Covenant, Share Repurchase, Maximum			$ 4,900,000

Business Segment, Geographic 61

Business Segment, Geographic and Major Customer Information - Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Summarized financial information regarding reportable segments
Net revenue from external customers	$ 72,319	$ 87,030	$ 144,608	$ 169,404
Gross profit	23,921	29,252	48,849	55,779
Income (loss) from operations	(2,723)	(18,608)	(48,737)	(19,896)
Depreciation and amortization	3,230	4,610	7,519	9,181
Total assets	365,344	403,393	365,344	403,393	$ 403,090
Capital expenditures	4,743	3,366	8,956	8,963
Operating Segments [Member] | Energy Chemistry Technologies [Member]
Summarized financial information regarding reportable segments
Net revenue from external customers	43,385	56,472	88,064	103,115
Gross profit	17,660	20,426	36,429	36,526
Income (loss) from operations	7,584	11,892	15,597	18,713
Depreciation and amortization	1,237	1,174	2,480	2,378
Total assets	151,117	149,767	151,117	149,767
Capital expenditures	3,685	2,075	6,699	4,443
Operating Segments [Member] | Consumer and Industrial Chemistry Technologies [Member]
Summarized financial information regarding reportable segments
Net revenue from external customers	20,694	15,477	39,827	28,940
Gross profit	4,058	4,126	9,082	7,833
Income (loss) from operations	2,686	2,683	6,075	5,064
Depreciation and amortization	608	549	1,118	1,102
Total assets	108,935	98,251	108,935	98,251
Capital expenditures	204	6	346	28
Operating Segments [Member] | Drilling Technologies [Member]
Summarized financial information regarding reportable segments
Net revenue from external customers	6,372	12,334	12,828	31,028
Gross profit	2,217	4,103	3,242	10,094
Income (loss) from operations	(1,618)	(21,300)	(42,569)	(21,937)
Depreciation and amortization	607	2,218	2,428	4,537
Total assets	67,815	114,481	67,815	114,481
Capital expenditures	245	620	483	2,744
Operating Segments [Member] | Production Technologies [Member]
Summarized financial information regarding reportable segments
Net revenue from external customers	1,868	2,747	3,889	6,321
Gross profit	(14)	597	96	1,326
Income (loss) from operations	(1,261)	(1,596)	(6,691)	(2,135)
Depreciation and amortization	221	198	440	323
Total assets	23,612	25,544	23,612	25,544
Capital expenditures	50	138	235	776
Corporate and Other [Member]
Summarized financial information regarding reportable segments
Net revenue from external customers	0	0	0	0
Gross profit	0	0	0	0
Income (loss) from operations	(10,114)	(10,287)	(21,149)	(19,601)
Depreciation and amortization	557	471	1,053	841
Total assets	13,865	15,350	13,865	15,350
Capital expenditures	$ 559	$ 527	$ 1,193	$ 972

Business Segment, Geographic 62

Business Segment, Geographic and Major Customer Information - Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 72,319	$ 87,030	$ 144,608	$ 169,404
U.S. [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	54,014	73,250	111,808	137,446
Other countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 18,305	$ 13,780	$ 32,800	$ 31,958

Business Segment, Geographic 63

Business Segment, Geographic and Major Customer Information - Additional Disclosures (Details) - segment	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Number of reportable segments			4
Customer Concentration Risk [Member] | Customer A [Member] | Sales [Member]
Segment Reporting Information [Line Items]
Percentage of revenue by major customers (percent)	15.50%	19.50%	18.30%	15.80%
Customer Concentration Risk [Member] | Customer B [Member] | Sales [Member]
Segment Reporting Information [Line Items]
Percentage of revenue by major customers (percent)	11.80%	12.10%	11.30%	11.20%
Customer Concentration Risk [Member] | Major Customers [Member] | Sales [Member] | Energy Chemistry Technologies [Member] | Minimum [Member]
Segment Reporting Information [Line Items]
Percentage of revenue by major customers (percent)			95.00%

Commitments and Contingencies -

Commitments and Contingencies - (Details) - lawsuit	1 Months Ended		5 Months Ended
	Jan. 31, 2016	Nov. 30, 2015	Jun. 30, 2016
Punitive Lawsuits Filed in the United States District Court for the Southern District of Texas [Member]
Loss Contingencies [Line Items]
Number of lawsuits filed (lawsuit)	1	4
Derivative Lawsuit Against Officers and Directors [Member]
Loss Contingencies [Line Items]
Number of lawsuits filed (lawsuit)	3
Derivative Lawsuit Filed in District Court of Harris County, Texas [Member]
Loss Contingencies [Line Items]
Number of lawsuits filed (lawsuit)	2		1