Flotek Industries (FTK) 10-Q 8 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
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	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		56,825,819

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 4,942	$ 4,823
Accounts receivable, net of allowance for doubtful accounts of $1,089 and $664 at September 30, 2017 and December 31, 2016, respectively	56,008	47,152
Inventories	70,716	58,283
Income taxes receivable	2,649	12,752
Assets held for sale	4,135	43,900
Other current assets	10,881	21,708
Total current assets	149,331	188,618
Property and equipment, net	73,711	74,691
Goodwill	56,660	56,660
Deferred tax assets, net	21,190	12,894
Other intangible assets, net	48,851	50,352
TOTAL ASSETS	349,743	383,215
Current liabilities:
Accounts payable	21,725	29,960
Accrued liabilities	12,323	12,170
Interest payable	30	24
Liabilities held for sale	1,586	4,961
Current portion of long-term debt	40,589	40,566
Total current liabilities	76,253	87,681
Long-term debt, less current portion	0	7,833
Total liabilities	76,253	95,514
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; 60,621,786 shares issued and 56,802,456 shares outstanding at September 30, 2017; 59,684,669 shares issued and 56,972,580 shares outstanding at December 31, 2016	6	6
Additional paid-in capital	334,490	318,392
Accumulated other comprehensive income (loss)	(822)	(956)
Retained earnings (accumulated deficit)	(28,736)	(9,830)
Treasury stock, at cost; 3,354,344 and 2,028,847 shares at September 30, 2017 and December 31, 2016, respectively	(31,806)	(20,269)
Flotek Industries, Inc. stockholders’ equity	273,132	287,343
Noncontrolling interests	358	358
Total equity	273,490	287,701
TOTAL LIABILITIES AND EQUITY	$ 349,743	$ 383,215

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,089	$ 664
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)	60,621,786	59,684,669
Common stock, shares outstanding (in shares)	56,802,456	56,972,580
Treasury stock, shares (in shares)	3,354,344	2,028,847

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue	$ 79,458	$ 64,337	$ 244,589	$ 192,227
Cost of revenue	57,718	41,983	169,016	124,362
Gross profit	21,740	22,354	75,573	67,865
Expenses:
Depreciation and amortization	2,540	2,217	7,464	6,024
Research and development	2,691	2,327	9,940	6,323
(Gain) loss on disposal of long-lived assets	(11)	(14)	401	(29)
Total expenses	24,843	24,607	80,550	69,595
Loss from operations	(3,103)	(2,253)	(4,977)	(1,730)
Other (expense) income:
Interest expense	(574)	(518)	(1,718)	(1,536)
Other (expense) income, net	273	(41)	664	(94)
Total other expense	(301)	(559)	(1,054)	(1,630)
Loss before income taxes	(3,404)	(2,812)	(6,031)	(3,360)
Income tax (expense) benefit	(17)	942	746	1,349
Loss from continuing operations	(3,421)	(1,870)	(5,285)	(2,011)
Income (loss) from discontinued operations, net of tax	319	(876)	(13,621)	(33,200)
Net loss	$ (3,102)	$ (2,746)	$ (18,906)	$ (35,211)
Basic earnings (loss) per common share:
Continuing operations (in dollars per share)	$ (0.06)	$ (0.03)	$ (0.09)	$ (0.04)
Discontinued operations, net of tax (in dollars per share)	0.01	(0.02)	(0.24)	(0.60)
Basic earnings (loss) per common share (in dollars per share)	(0.05)	(0.05)	(0.33)	(0.64)
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)	(0.06)	(0.03)	(0.09)	(0.04)
Discontinued operations, net of tax (in dollars per share)	0.01	(0.02)	(0.24)	(0.60)
Diluted earnings (loss) per common share (in dollars per share)	$ (0.05)	$ (0.05)	$ (0.33)	$ (0.64)
Weighted average common shares:
Weighted average common shares used in computing basic earnings (loss) per common share (in shares)	57,602	56,899	57,709	55,523
Weighted average common shares used in computing diluted earnings (loss) per common share (in shares)	57,602	56,899	57,709	55,523
Corporate
Revenue	$ 0	$ 0	$ 0	$ 0
Gross profit	0	0	0	0
Expenses:
General, selling and administrative	10,346	10,302	33,773	30,398
Loss from operations	(10,955)	(10,882)	(35,598)	(32,031)
Operating Segments
Expenses:
General, selling and administrative	$ 9,277	$ 9,775	$ 28,972	$ 26,879

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Loss from continuing operations	$ (3,421)	$ (1,870)	$ (5,285)	$ (2,011)
Income (loss) from discontinued operations, net of tax	319	(876)	(13,621)	(33,200)
Net loss	(3,102)	(2,746)	(18,906)	(35,211)
Other comprehensive income (loss):
Foreign currency translation adjustment	148	(68)	134	256
Comprehensive income (loss)	$ (2,954)	$ (2,814)	$ (18,772)	$ (34,955)

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net loss	$ (18,906)	$ (35,211)
Loss from discontinued operations, net of tax	(13,621)	(33,200)
Loss from continuing operations	(5,285)	(2,011)
Adjustments to reconcile loss from continuing operations to net cash provided by (used in) operating activities:
Depreciation and amortization	9,091	7,380
Amortization of deferred financing costs	376	308
Loss (gain) on sale of assets	401	(29)
Stock compensation expense	9,679	8,591
Deferred income tax benefit	(8,290)	(6,309)
Reduction in tax benefit related to share-based awards	915	883
Changes in current assets and liabilities:
Accounts receivable, net	(8,704)	(7,572)
Inventories	(12,213)	(2,959)
Income taxes receivable	9,254	(13,687)
Other current assets	12,649	(51)
Accounts payable	(8,262)	5,959
Accrued liabilities	1,561	10,434
Income taxes payable	0	(1,807)
Interest payable	6	45
Net cash provided by (used in) operating activities	1,178	(825)
Cash flows from investing activities:
Capital expenditures	(6,155)	(10,618)
Proceeds from sales of businesses	18,490	0
Proceeds from sale of assets	321	38
Payments for acquisition, net of cash acquired	0	(7,863)
Purchase of patents and other intangible assets	(817)	(311)
Net cash provided by (used in) investing activities	11,839	(18,754)
Cash flows from financing activities:
Repayments of indebtedness	(9,833)	(15,398)
Borrowings on revolving credit facility	310,021	256,738
Repayments on revolving credit facility	(307,998)	(249,324)
Debt issuance costs	(106)	(147)
Reduction in tax benefit related to share-based awards	0	(883)
Purchase of treasury stock related to share-based awards	(1,500)	(925)
Proceeds from sale of common stock	530	30,610
Repurchase of common stock	(4,174)	0
Proceeds from exercise of stock options	21	134
Net cash (used in) provided by financing activities	(13,039)	20,805
Discontinued operations:
Net cash used in operating activities	(695)	(82)
Net cash provided by investing activities	708	74
Net cash flows provided by (used in) discontinued operations	13	(8)
Effect of changes in exchange rates on cash and cash equivalents	128	48
Net increase in cash and cash equivalents	119	1,266
Cash and cash equivalents at the beginning of period	4,823	2,208
Cash and cash equivalents at the end of period	$ 4,942	$ 3,474

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statement of Equity - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Deficit)	Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2016		59,685,000	2,029,000
Beginning balance at Dec. 31, 2016	$ 287,701	$ 6	$ (20,269)	$ 318,392	$ (956)	$ (9,830)	$ 358
Increase (Decrease) in Equity [Roll Forward]
Net loss	(18,906)					(18,906)
Foreign currency translation adjustment	134				134
Stock issued under employee stock purchase plan (in shares)			(81,000)
Stock issued under employee stock purchase plan	530			530
Common stock issued in payment of accrued liability	$ 188			188
Stock options exercised (in shares)	663,288	663,000
Stock options exercised	$ 5,884			5,884
Stock surrendered for exercise of stock options (in shares)			478,000
Stock surrendered for exercise of stock options	$ (5,863)		$ (5,863)
Restricted stock granted (in shares)	273,829	274,000
Restricted stock forfeited (in shares)			97,000
Treasury stock purchased (in shares)			151,000
Treasury stock purchased	$ (1,500)		$ (1,500)
Stock compensation expense	9,496			9,496
Repurchase of common stock (in shares)			680,000
Repurchase of common stock	(4,174)		$ (4,174)
Ending balance (in shares) at Sep. 30, 2017		60,622,000	3,354,000
Ending balance at Sep. 30, 2017	$ 273,490	$ 6	$ (31,806)	$ 334,490	$ (822)	$ (28,736)	$ 358

Organization and Significant Ac

Organization and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
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 company that develops and supplies chemistries and services to the oil and gas industries, and high value compounds to companies that make food and beverages, cleaning products, cosmetics, and other products that are sold in consumer and industrial markets. The Company’s oilfield business includes specialty chemistries and logistics which enable its customers in pursuing improved efficiencies in the drilling and completion of their wells. The Company also provides automated bulk material handling, loading facilities, and blending capabilities. The Company processes citrus oil to produce (1) high value compounds used as additives by companies in the flavors and fragrances markets and (2) environmentally friendly chemistries for use in numerous industries around the world, including the oil and gas (“O&G”) industry. Flotek operates in over 20 domestic and international markets. Customers include major integrated O&G companies, oilfield services companies, independent O&G companies, pressure-pumping service companies, national and state-owned oil companies, and international supply chain management companies. The Company also serves customers who purchase non-energy-related citrus oil and related products, including household and commercial cleaning product companies, fragrance and cosmetic companies, and food manufacturing companies. 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, 2016 (“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 nine months ended September 30, 2017 , are not necessarily indicative of the results to be expected for the year ending December 31, 2017 . During the fourth quarter of 2016, the Company classified the Drilling Technologies and Production Technologies segments as held for sale based on management’s intention to sell these businesses. The Company’s historical financial statements have been revised to present the operating results of the Drilling Technologies and Production Technologies segments as discontinued operations. The results of operations of Drilling Technologies and Production Technologies are presented as “Loss from discontinued operations” in the statement of operations and the related cash flows of these segments has been reclassified to discontinued operations for all periods presented. The assets and liabilities of the Drilling Technologies and Production Technologies segments have been reclassified to “Assets held for sale” and “Liabilities held for sale”, respectively, in the consolidated balance sheets for all periods presented. 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	9 Months Ended
	Sep. 30, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Application of New Accounting Standards Effective January 1, 2017, the Company adopted the accounting guidance in Accounting Standards Update (“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. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. Effective January 1, 2017, the Company adopted the accounting guidance in ASU No. 2015-17, “ Balance Sheet Classification of Deferred Taxes .” This standard eliminated the requirement for organizations to present deferred tax assets and liabilities as current and noncurrent in a classified balance sheet. Instead, organizations are now required to classify all deferred tax assets and liabilities as noncurrent. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. The Company applied this standard retrospectively and, therefore, prior periods presented were adjusted. Effective January 1, 2017, the Company adopted the accounting guidance in 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 new guidance requires excess tax benefits and deficiencies to be recognized in the income statement rather than in additional paid-in capital. As a result of applying this change, the Company recognized a $0.9 million reduction in tax benefit in the provision for incomes taxes during the nine months ended September 30, 2017 . The Company applied this standard prospectively, where applicable, and, therefore, prior periods presented were not adjusted. 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. 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. In December 2016, the FASB issued ASU No. 2016-20, which provides technical corrections and improvements to the original guidance issued. The Company intends to adopt the new standard in the first quarter of 2018 and is still evaluating which method to implement based on continued review of past and anticipated revenue streams given the change in strategic focus of the business during 2017. The Company has identified key contract types representative of its business for comparing historical accounting policies and practices to the new standard and is continuing to evaluate the impact these pronouncements 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 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. In August 2016, the FASB issued ASU No. 2016-15, “ Classification of Certain Cash Receipts and Cash Payments. ” This standard addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The pronouncement is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-01, “ Clarifying the Definition of a Business. ” This standard provides additional guidance on whether an integrated set of assets and activities constitutes a business. The pronouncement is effective for annual periods beginning after December 15, 2017, including interim periods within those periods, with early adoption permitted in specific instances. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-04, “ Simplifying the Test for Goodwill Impairment .” This standard eliminates Step 2 from the goodwill impairment test. An entity will now recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The pronouncement is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In May 2017, the FASB issued ASU No. 2017-09, “ Scope of Modification Accounting .” This standard provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting under Topic 718. The pronouncement is effective for annual periods beginning after December 15, 2017, including interim periods within those periods, with early adoption permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations During the fourth quarter 2016, the Company initiated a strategic restructuring of its business to enable a greater focus on its core businesses in energy chemistry and consumer and industrial chemistry. The Company executed a plan to sell or otherwise dispose of the Drilling Technologies and Production Technologies segments. An investment banking advisory services firm was engaged and actively marketed these segments. The Company met all of the criteria to classify the Drilling Technologies and Production Technologies segments’ assets and liabilities as held for sale in the fourth quarter 2016. Effective December 31, 2016, the Company classified the assets, liabilities, and results of operations for these two segments as “Discontinued Operations” for all periods presented. Disposal of the Drilling Technologies and Production Technologies reporting segments represented a strategic shift that would have a major effect on the Company’s operations and financial results. Management expects the sale or disposal of the assets of these segments to be completed by the end of 2017. On May 22, 2017 , the Company completed the sale of substantially all of the assets and transfer of certain specified liabilities and obligations of the Company’s Drilling Technologies segment to National Oilwell Varco, L.P. (“NOV”) for $17.0 million in cash consideration, subject to normal working capital adjustments, with $1.5 million held back by NOV for up to 18 months to satisfy potential indemnification claims. On May 23, 2017 , the Company completed the sale of substantially all of the assets and transfer of certain specified liabilities and obligations of the Company’s Production Technologies segment to Raptor Lift Solutions, LLC (“Raptor Lift”) for $2.9 million in cash consideration, with $0.4 million held back by Raptor Lift to satisfy potential indemnification claims. On August 16, 2017 , the Company completed the sale of substantially all of the remaining assets of the Company’s Drilling Technologies segment to Galleon Mining Tools, Inc. for $1.0 million in cash consideration and a note receivable of $1.0 million due in one year . The following summarized financial information has been segregated from continuing operations and reported as Discontinued Operations for the three and nine months ended September 30, 2017 and 2016 (in thousands): Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Drilling Technologies Revenue $ — $ 7,197 $ 11,534 $ 20,026 Cost of revenue — (4,290 ) (7,259 ) (13,876 ) Selling, general and administrative (791 ) (3,568 ) (6,562 ) (11,723 ) Depreciation and amortization — (340 ) — (1,425 ) Research and development — — (6 ) (65 ) Gain on disposal of long-lived assets 36 77 97 92 Impairment of inventory and long-lived assets — — — (36,522 ) Loss from operations (755 ) (924 ) (2,196 ) (43,493 ) Other income (expense) 26 (77 ) (91 ) (320 ) Gain (loss) on sales of businesses 463 — (902 ) — Loss on write-down of assets held for sale — — (6,831 ) — Loss before income taxes (266 ) (1,001 ) (10,020 ) (43,813 ) Income tax benefit 581 592 3,473 15,673 Net income (loss) from discontinued operations $ 315 $ (409 ) $ (6,547 ) $ (28,140 ) Production Technologies Revenue $ — $ 2,145 $ 4,002 $ 6,034 Cost of revenue — (2,040 ) (3,189 ) (5,833 ) Selling, general and administrative (64 ) (878 ) (1,739 ) (2,929 ) Depreciation and amortization — (149 ) — (447 ) Research and development — (204 ) (364 ) (671 ) Gain (loss) on disposal of long-lived assets — 8 — (51 ) Impairment of inventory — — — (3,913 ) Loss from operations (64 ) (1,118 ) (1,290 ) (7,810 ) Other expense — (24 ) (52 ) (68 ) Gain on sale of businesses 61 — 233 — Loss on write-down of assets held for sale — — (9,718 ) — Loss before income taxes (3 ) (1,142 ) (10,827 ) (7,878 ) Income tax benefit 7 675 3,753 2,818 Net income (loss) from discontinued operations $ 4 $ (467 ) $ (7,074 ) $ (5,060 ) Drilling Technologies and Production Technologies Income (loss) from discontinued operations, net of tax $ 319 $ (876 ) $ (13,621 ) $ (33,200 ) The assets and liabilities held for sale on the Consolidated Balance Sheets as of September 30, 2017 and December 31, 2016 are as follows (in thousands): Drilling Technologies Production Technologies September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Assets: Accounts receivable, net $ 1,749 $ 5,072 $ 201 $ 1,784 Inventories 5 9,078 5 8,115 Other current assets 1,585 278 699 370 Long-term receivable — — — 4,179 Property and equipment, net — 11,277 — 3,978 Goodwill — 15,333 — 1,689 Other intangible assets, net — 7,395 — 484 Assets held for sale 3,339 48,433 905 20,599 Valuation allowance (109 ) (18,971 ) — (6,161 ) Assets held for sale, net $ 3,230 $ 29,462 $ 905 $ 14,438 Liabilities: Accounts payable $ 15 $ 2,472 $ 10 $ 914 Accrued liabilities 1,419 1,190 142 385 Liabilities held for sale $ 1,434 $ 3,662 $ 152 $ 1,299

Impairment of Inventory and Lon

Impairment of Inventory and Long-Lived Assets for Discontinued Operations	9 Months Ended
	Sep. 30, 2017
Asset Impairment Charges [Abstract]
Impairment of Inventory and Long-Lived Assets for Discontinued Operations	Impairment of Inventory and Long-Lived Assets for Discontinued Operations 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 was 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. The Company recorded impairment charges during the three months ended March 31, 2016 , as follows (in thousands): Drilling Technologies: Inventories $ 12,653 Long-lived assets: Property and equipment 14,642 Intangible assets other than goodwill 9,227 Production Technologies: Inventories 3,913 Total impairment $ 40,435 Based on the changes in the business climate discussed above and continuing operating losses experienced during the three months ended March 31, 2016 , June 30, 2016 , and September 30, 2016 , goodwill within the Teledrift and Production Technologies reporting units was tested for impairment during these periods. However, no impairments of goodwill were recorded based upon this testing.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Acquisitions	Acquisitions On July 27, 2016 , the Company acquired 100% of the stock and interests in International Polymerics, Inc. (“IPI”) and related entities for $7.9 million in cash consideration, net of cash acquired, and 247,764 shares of the Company’s common stock. IPI is a U.S. based manufacturer of high viscosity guar gum and guar slurry for the oil and gas industry with a wide selection of stimulation chemicals.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Supplemental cash flow information is as follows (in thousands): Nine months ended September 30, 2017 2016 Supplemental non-cash investing and financing activities: Value of common stock issued in acquisition $ — $ 3,268 Value of common stock issued in payment of accrued liability 188 — Exercise of stock options by common stock surrender 5,863 50 Supplemental cash payment information: Interest paid $ 1,511 $ 1,459 Income taxes received, net of payments (paid, net of refunds) 10,081 (1,663 )

Revenue

Revenue	9 Months Ended
	Sep. 30, 2017
Revenue [Abstract]
Revenue	Revenue The Company differentiates revenue and cost of revenue based on whether the source of revenue is attributable to products or services. Revenue and cost of revenue by source are as follows (in thousands): Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Revenue: Products $ 77,956 $ 62,562 $ 240,306 $ 187,122 Services 1,502 1,775 4,283 5,105 $ 79,458 $ 64,337 $ 244,589 $ 192,227 Cost of revenue: Products $ 55,846 $ 41,117 $ 163,587 $ 122,055 Services 1,345 354 3,802 950 Depreciation 527 512 1,627 1,357 $ 57,718 $ 41,983 $ 169,016 $ 124,362

Inventories

Inventories	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are as follows (in thousands): September 30, 2017 December 31, 2016 Raw materials $ 37,961 $ 28,626 Work-in-process 3,042 2,918 Finished goods 29,713 26,739 Inventories $ 70,716 $ 58,283

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment are as follows (in thousands): September 30, 2017 December 31, 2016 Land $ 6,748 $ 5,837 Buildings and leasehold improvements 43,431 42,986 Machinery and equipment 38,862 36,187 Equipment in progress 5,475 3,235 Furniture and fixtures 2,029 1,969 Transportation equipment 2,307 3,059 Computer equipment and software 12,168 11,844 Property and equipment 111,020 105,117 Less accumulated depreciation (37,309 ) (30,426 ) Property and equipment, net $ 73,711 $ 74,691 Depreciation expense, including expense recorded in cost of revenue, totaled $2.4 million and $2.1 million for the three months ended September 30, 2017 and 2016 , respectively, and $7.0 million and $5.3 million for the nine months ended September 30, 2017 and 2016 , respectively. During the three and nine months ended September 30, 2017 and 2016 , no impairments were recognized related to property and equipment.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2017
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 Total Balance at December 31, 2016 $ 37,180 $ 19,480 $ 56,660 Goodwill impairment recognized — — — Balance at September 30, 2017 $ 37,180 $ 19,480 $ 56,660 During the three and nine months ended September 30, 2017 and 2016 , no impairments of goodwill were recognized.

Other Intangible Assets

Other Intangible Assets	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Other Intangible Assets Other intangible assets are as follows (in thousands): September 30, 2017 December 31, 2016 Cost Accumulated Amortization Cost Accumulated Amortization Finite-lived intangible assets: Patents and technology $ 17,236 $ 5,323 $ 16,815 $ 4,537 Customer lists 30,877 7,745 30,877 6,518 Trademarks and brand names 1,544 1,105 1,467 1,069 Total finite-lived intangible assets acquired 49,657 14,173 49,159 12,124 Deferred financing costs 2,230 493 1,804 117 Total amortizable intangible assets 51,887 $ 14,666 50,963 $ 12,241 Indefinite-lived intangible assets: Trademarks and brand names 11,630 11,630 Total other intangible assets $ 63,517 $ 62,593 Carrying value: Other intangible assets, net $ 48,851 $ 50,352 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 $0.7 million and $0.7 million for the three months ended September 30, 2017 and 2016 , respectively, and $2.0 million and $2.1 million for the nine months ended September 30, 2017 and 2016 , respectively. Amortization of deferred financing costs was $0.1 million and $0.1 million for the three months ended September 30, 2017 and 2016 , respectively, and $0.4 million and $0.3 million for the nine months ended September 30, 2017 and 2016 , respectively.

Long-Term Debt and Credit Facil

Long-Term Debt and Credit Facility	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Long-Term Debt and Credit Facility	Long-Term Debt and Credit Facility Long-term debt is as follows (in thousands): September 30, 2017 December 31, 2016 Long-term debt: Borrowings under revolving credit facility $ 40,589 $ 38,566 Term loan — 9,833 Total long-term debt 40,589 48,399 Less current portion of long-term debt (40,589 ) (40,566 ) Long-term debt, less current portion $ — $ 7,833 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. The Credit Facility, as amended, continues in effect until May 10, 2022. Under terms of the Credit Facility, as amended, the Company has total borrowing availability under a revolving credit facility of $75 million . 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 Company was in compliance with all debt covenants at September 30, 2017 . In the event of default, PNC Bank may accelerate the maturity date of any outstanding amounts borrowed under the Credit Facility. The Credit Facility contains financial covenants to maintain a fixed charge coverage ratio and a leverage ratio, as well as establishes an annual limit on capital expenditures. The fixed charge coverage ratio is the ratio of (a) earnings before interest, taxes, depreciation, and amortization (“EBITDA”), adjusted for non-cash stock-based compensation and the loss from discontinued operations, less cash paid for taxes during the period to (b) all debt payments during the period. The fixed charge coverage ratio requirement began for the quarter ended March 31, 2017 at 1.00 to 1.00 and increases to 1.10 to 1.00 for the year ending December 31, 2017, and for each fiscal quarter thereafter. The leverage ratio (funded debt to adjusted EBITDA) requirement began for the six months ended June 30, 2017, at not greater than 5.50 to 1.10 and reduces to not greater than 3.00 to 1.00 as of September 30, 2018, and for each fiscal quarter thereafter. The annual limit on capital expenditures for 2017 is $20 million . The annual limit on capital expenditures for 2018 and each fiscal year thereafter is $26 million . The annual limit on capital expenditures is reduced if the undrawn availability under the revolving credit facility falls below $15 million at any month-end. 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. Beginning with fiscal year 2017, the Credit Facility includes a provision 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 on the outstanding balance within 60 days of the fiscal year end. 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, 2022 . This includes a sublimit of $10 million that may be used for letters of credit. The revolving credit facility is secured by substantially all of the Company’s domestic accounts receivable and inventory. At September 30, 2017 , eligible accounts receivable and inventory securing the revolving credit facility provided total borrowing capacity of $74.9 million under the revolving credit facility. Available borrowing capacity, net of outstanding borrowings, was $34.3 million at September 30, 2017 . The interest rate on advances under the revolving credit facility varies based on the fixed charge coverage ratio. 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 4.25% at September 30, 2017 . 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 September 30, 2017 , $40.6 million was outstanding under the revolving credit facility, with $2.6 million borrowed as base rate loans at an interest rate of 5.75% and $38.0 million borrowed as LIBOR loans at an interest rate of 3.74% . 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 amount borrowed under the term loan was reset to $10 million effective as of September 30, 2016 . Monthly principal payments of $0.2 million were required. On May 22, 2017 , the Company repaid the outstanding balance of the term loan.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per common share is calculated by dividing net income (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 nine months ended September 30, 2017 and 2016 , 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 1.3 million restricted stock units for the three and nine months ended September 30, 2017 , and 0.7 million stock options and 0.8 million restricted stock units for the three and nine months ended September 30, 2016 . Basic and diluted earnings (loss) per common share are as follows (in thousands, except per share data): Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Loss from continuing operations $ (3,421 ) $ (1,870 ) $ (5,285 ) $ (2,011 ) Income (loss) from discontinued operations, net of tax 319 (876 ) (13,621 ) (33,200 ) Net loss - Basic and Diluted $ (3,102 ) $ (2,746 ) $ (18,906 ) $ (35,211 ) Weighted average common shares outstanding - Basic 57,602 56,899 57,709 55,523 Assumed conversions: Incremental common shares from stock options — — — — Incremental common shares from restricted stock units — — — — Weighted average common shares outstanding - Diluted 57,602 56,899 57,709 55,523 Basic earnings (loss) per common share: Continuing operations $ (0.06 ) $ (0.03 ) $ (0.09 ) $ (0.04 ) Discontinued operations, net of tax 0.01 (0.02 ) (0.24 ) (0.60 ) Basic earnings (loss) per common share $ (0.05 ) $ (0.05 ) $ (0.33 ) $ (0.64 ) Diluted earnings (loss) per common share: Continuing operations $ (0.06 ) $ (0.03 ) $ (0.09 ) $ (0.04 ) Discontinued operations, net of tax 0.01 (0.02 ) (0.24 ) (0.60 ) Diluted earnings (loss) per common share $ (0.05 ) $ (0.05 ) $ (0.33 ) $ (0.64 )

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
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 September 30, 2017 or December 31, 2016 . The carrying value and estimated fair value of the Company’s long-term debt are as follows (in thousands): September 30, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value Term loan $ — $ — $ 9,833 $ 9,833 Borrowings under revolving credit facility 40,589 40,589 38,566 38,566 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. No impairments of any of these assets were recognized during the three and nine months ended September 30, 2017 and 2016 .

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows: Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 U.S. federal statutory tax rate (35.0 )% (35.0 )% (35.0 )% (35.0 )% State income taxes, net of federal benefit 14.3 12.0 6.7 9.2 Non-U.S. income taxed at different rates 8.9 16.4 5.4 7.7 Reduction in tax benefit related to stock-based awards 15.8 — 14.1 — Other (3.5 ) (26.9 ) (3.6 ) (22.0 ) Effective income tax rate 0.5 % (33.5 )% (12.4 )% (40.1 )% 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 non-U.S. income taxed at different rates. Changes in the effective tax rate during the three and nine months ended September 30, 2017 , included the Company implementing ASU No. 2016-09 which requires accounting for excess tax benefits and tax deficiencies related to stock-based awards as discrete items in the period in which they occur. In January 2017, the Internal Revenue Service notified the Company that it will examine the Company’s federal tax returns for the year ended December 31, 2014. No adjustments have been asserted, and management believes that sustained adjustments, if any, would not have a material effect on the Company’s financial position, results of operations, or liquidity.

Common Stock

Common Stock	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Common Stock	Common Stock The Company’s Certificate of Incorporation, as amended November 9, 2009, authorizes the Company to issue up to 80 million shares of common stock, par value $0.0001 per share, and 100,000 shares of one or more series of preferred stock, par value $0.0001 per share. A reconciliation of changes in common shares issued during the nine months ended September 30, 2017 is as follows: Shares issued at December 31, 2016 59,684,669 Issued as restricted stock award grants 273,829 Issued upon exercise of stock options 663,288 Shares issued at September 30, 2017 60,621,786 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 months ended September 30, 2017 , the Company repurchased 630,000 shares of its outstanding common stock on the open market at a cost of $3.7 million , inclusive of transaction costs, or an average price of $5.85 per share. During the nine months ended September 30, 2017 , the Company repurchased 680,000 shares of its outstanding common stock on the open market at a cost of $4.2 million , inclusive of transaction costs, or an average price of $6.14 per share. During the three and nine months ended September 30, 2016 , the Company did not repurchase any shares of its outstanding common stock. 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 September 30, 2017 , the Company has not repurchased any of its common stock under this authorization. As of September 30, 2017 , the Company has $50.7 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 September 30, 2017 , this covenant limits additional share repurchases to $10.7 million .

Business Segment, Geographic an

Business Segment, Geographic and Major Customer Information	9 Months Ended
	Sep. 30, 2017
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 two reportable segments: Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies. • Energy Chemistry Technologies designs, develops, manufactures, packages, and markets specialty chemistries used in oil and natural gas well drilling, cementing, completion, and stimulation. 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 industry and the specialty chemical industry. These technologies are used by beverage and food companies, fragrance companies, and companies providing household and industrial cleaning products. 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): For the three months ended September 30, Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Corporate and Other Total 2017 Net revenue from external customers $ 61,167 $ 18,291 $ — $ 79,458 Gross profit 18,733 3,007 — 21,740 Income (loss) from operations 6,867 985 (10,955 ) (3,103 ) Depreciation and amortization 1,863 590 615 3,068 Capital expenditures 324 682 641 1,647 2016 Net revenue from external customers $ 45,030 $ 19,307 $ — $ 64,337 Gross profit 18,180 4,174 — 22,354 Income (loss) from operations 6,196 2,433 (10,882 ) (2,253 ) Depreciation and amortization 1,582 567 581 2,730 Capital expenditures 2,005 148 227 2,380 For the nine months ended September 30, Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Corporate and Other Total 2017 Net revenue from external customers $ 187,807 $ 56,782 $ — $ 244,589 Gross profit 63,840 11,733 — 75,573 Income (loss) from operations 24,715 5,906 (35,598 ) (4,977 ) Depreciation and amortization 5,507 1,752 1,832 9,091 Capital expenditures 2,794 1,580 1,781 6,155 2016 Net revenue from external customers $ 133,094 $ 59,133 $ — $ 192,227 Gross profit 54,609 13,256 — 67,865 Income (loss) from operations 21,793 8,508 (32,031 ) (1,730 ) Depreciation and amortization 4,062 1,685 1,633 7,380 Capital expenditures 8,704 494 1,420 10,618 Assets of the Company by reportable segments are as follows (in thousands): September 30, 2017 December 31, 2016 Energy Chemistry Technologies $ 187,623 $ 184,328 Consumer and Industrial Chemistry Technologies 113,434 98,105 Corporate and Other 44,551 56,882 Total segments 345,608 339,315 Held for sale 4,135 43,900 Total assets $ 349,743 $ 383,215 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 September 30, Nine months ended September 30, 2017 2016 2017 2016 U.S. $ 66,638 $ 52,545 $ 203,123 $ 154,532 Other countries 12,820 11,792 41,466 37,695 Total $ 79,458 $ 64,337 $ 244,589 $ 192,227 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 September 30, Nine months ended September 30, 2017 2016 2017 2016 Customer A 13.3 % 12.5 % 12.9 % 17.9 % Customer B 8.8 % 14.8 % 9.6 % 13.5 % Over 90% of the revenue from these customers was for sales in the Energy Chemistry Technologies segment.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Class Action Litigation On March 30, 2017, the U.S. District Court for the Southern District of Texas granted the Company’s motion to dismiss the four consolidated putative securities class action lawsuits that were filed in November 2015, against the Company and certain of its officers. The lawsuits were previously consolidated into a single case, and a consolidated amended complaint had been filed. The consolidated amended complaint asserted 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 sought 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. The lead plaintiff appealed the District Court’s decision granting the motion to dismiss. 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 lawsuits are without merit and 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, as previously disclosed, the U.S. Securities and Exchange Commission had opened an inquiry related to similar issues to those raised in the above-described litigation. On August 21, 2017, the Company received a letter from the staff of the SEC stating that the inquiry has been concluded and that the staff does not intend to recommend an enforcement action against the Company. 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 26

Organization and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
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, 2016 (“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 nine months ended September 30, 2017 , are not necessarily indicative of the results to be expected for the year ending December 31, 2017 .
Discontinued Operations	During the fourth quarter of 2016, the Company classified the Drilling Technologies and Production Technologies segments as held for sale based on management’s intention to sell these businesses. The Company’s historical financial statements have been revised to present the operating results of the Drilling Technologies and Production Technologies segments as discontinued operations. The results of operations of Drilling Technologies and Production Technologies are presented as “Loss from discontinued operations” in the statement of operations and the related cash flows of these segments has been reclassified to discontinued operations for all periods presented. The assets and liabilities of the Drilling Technologies and Production Technologies segments have been reclassified to “Assets held for sale” and “Liabilities held for sale”, respectively, in the consolidated balance sheets for all periods presented.
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, 2017, the Company adopted the accounting guidance in Accounting Standards Update (“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. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. Effective January 1, 2017, the Company adopted the accounting guidance in ASU No. 2015-17, “ Balance Sheet Classification of Deferred Taxes .” This standard eliminated the requirement for organizations to present deferred tax assets and liabilities as current and noncurrent in a classified balance sheet. Instead, organizations are now required to classify all deferred tax assets and liabilities as noncurrent. Implementation of this standard did not have a material effect on the consolidated financial statements and related disclosures. The Company applied this standard retrospectively and, therefore, prior periods presented were adjusted. Effective January 1, 2017, the Company adopted the accounting guidance in 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 new guidance requires excess tax benefits and deficiencies to be recognized in the income statement rather than in additional paid-in capital. As a result of applying this change, the Company recognized a $0.9 million reduction in tax benefit in the provision for incomes taxes during the nine months ended September 30, 2017 . The Company applied this standard prospectively, where applicable, and, therefore, prior periods presented were not adjusted. 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. 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. In December 2016, the FASB issued ASU No. 2016-20, which provides technical corrections and improvements to the original guidance issued. The Company intends to adopt the new standard in the first quarter of 2018 and is still evaluating which method to implement based on continued review of past and anticipated revenue streams given the change in strategic focus of the business during 2017. The Company has identified key contract types representative of its business for comparing historical accounting policies and practices to the new standard and is continuing to evaluate the impact these pronouncements 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 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. In August 2016, the FASB issued ASU No. 2016-15, “ Classification of Certain Cash Receipts and Cash Payments. ” This standard addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The pronouncement is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-01, “ Clarifying the Definition of a Business. ” This standard provides additional guidance on whether an integrated set of assets and activities constitutes a business. The pronouncement is effective for annual periods beginning after December 15, 2017, including interim periods within those periods, with early adoption permitted in specific instances. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In January 2017, the FASB issued ASU No. 2017-04, “ Simplifying the Test for Goodwill Impairment .” This standard eliminates Step 2 from the goodwill impairment test. An entity will now recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The pronouncement is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures. In May 2017, the FASB issued ASU No. 2017-09, “ Scope of Modification Accounting .” This standard provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting under Topic 718. The pronouncement is effective for annual periods beginning after December 15, 2017, including interim periods within those periods, with early adoption permitted. The Company is currently evaluating the impact the pronouncement will have on the consolidated financial statements and related disclosures.
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per common share is calculated by dividing net income (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 nine months ended September 30, 2017 and 2016 , since including them would have an anti-dilutive effect on loss per share due to the net loss incurred during the period.
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.
Segment 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 two reportable segments: Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies. • Energy Chemistry Technologies designs, develops, manufactures, packages, and markets specialty chemistries used in oil and natural gas well drilling, cementing, completion, and stimulation. 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 industry and the specialty chemical industry. These technologies are used by beverage and food companies, fragrance companies, and companies providing household and industrial cleaning products. 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.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Summary of financial information has been segregated from continuing operations	The following summarized financial information has been segregated from continuing operations and reported as Discontinued Operations for the three and nine months ended September 30, 2017 and 2016 (in thousands): Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Drilling Technologies Revenue $ — $ 7,197 $ 11,534 $ 20,026 Cost of revenue — (4,290 ) (7,259 ) (13,876 ) Selling, general and administrative (791 ) (3,568 ) (6,562 ) (11,723 ) Depreciation and amortization — (340 ) — (1,425 ) Research and development — — (6 ) (65 ) Gain on disposal of long-lived assets 36 77 97 92 Impairment of inventory and long-lived assets — — — (36,522 ) Loss from operations (755 ) (924 ) (2,196 ) (43,493 ) Other income (expense) 26 (77 ) (91 ) (320 ) Gain (loss) on sales of businesses 463 — (902 ) — Loss on write-down of assets held for sale — — (6,831 ) — Loss before income taxes (266 ) (1,001 ) (10,020 ) (43,813 ) Income tax benefit 581 592 3,473 15,673 Net income (loss) from discontinued operations $ 315 $ (409 ) $ (6,547 ) $ (28,140 ) Production Technologies Revenue $ — $ 2,145 $ 4,002 $ 6,034 Cost of revenue — (2,040 ) (3,189 ) (5,833 ) Selling, general and administrative (64 ) (878 ) (1,739 ) (2,929 ) Depreciation and amortization — (149 ) — (447 ) Research and development — (204 ) (364 ) (671 ) Gain (loss) on disposal of long-lived assets — 8 — (51 ) Impairment of inventory — — — (3,913 ) Loss from operations (64 ) (1,118 ) (1,290 ) (7,810 ) Other expense — (24 ) (52 ) (68 ) Gain on sale of businesses 61 — 233 — Loss on write-down of assets held for sale — — (9,718 ) — Loss before income taxes (3 ) (1,142 ) (10,827 ) (7,878 ) Income tax benefit 7 675 3,753 2,818 Net income (loss) from discontinued operations $ 4 $ (467 ) $ (7,074 ) $ (5,060 ) Drilling Technologies and Production Technologies Income (loss) from discontinued operations, net of tax $ 319 $ (876 ) $ (13,621 ) $ (33,200 ) The assets and liabilities held for sale on the Consolidated Balance Sheets as of September 30, 2017 and December 31, 2016 are as follows (in thousands): Drilling Technologies Production Technologies September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Assets: Accounts receivable, net $ 1,749 $ 5,072 $ 201 $ 1,784 Inventories 5 9,078 5 8,115 Other current assets 1,585 278 699 370 Long-term receivable — — — 4,179 Property and equipment, net — 11,277 — 3,978 Goodwill — 15,333 — 1,689 Other intangible assets, net — 7,395 — 484 Assets held for sale 3,339 48,433 905 20,599 Valuation allowance (109 ) (18,971 ) — (6,161 ) Assets held for sale, net $ 3,230 $ 29,462 $ 905 $ 14,438 Liabilities: Accounts payable $ 15 $ 2,472 $ 10 $ 914 Accrued liabilities 1,419 1,190 142 385 Liabilities held for sale $ 1,434 $ 3,662 $ 152 $ 1,299

Impairment of Inventory and L28

Impairment of Inventory and Long-Lived Assets for Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2017
Asset Impairment Charges [Abstract]
Schedule of asset impairment charges	The Company recorded impairment charges during the three months ended March 31, 2016 , as follows (in thousands): Drilling Technologies: Inventories $ 12,653 Long-lived assets: Property and equipment 14,642 Intangible assets other than goodwill 9,227 Production Technologies: Inventories 3,913 Total impairment $ 40,435

Supplemental Cash Flow Inform29

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Components of supplemental cash flow information	Supplemental cash flow information is as follows (in thousands): Nine months ended September 30, 2017 2016 Supplemental non-cash investing and financing activities: Value of common stock issued in acquisition $ — $ 3,268 Value of common stock issued in payment of accrued liability 188 — Exercise of stock options by common stock surrender 5,863 50 Supplemental cash payment information: Interest paid $ 1,511 $ 1,459 Income taxes received, net of payments (paid, net of refunds) 10,081 (1,663 )

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2017
Revenue [Abstract]
Differentiation of revenue and cost of revenue	Revenue and cost of revenue by source are as follows (in thousands): Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Revenue: Products $ 77,956 $ 62,562 $ 240,306 $ 187,122 Services 1,502 1,775 4,283 5,105 $ 79,458 $ 64,337 $ 244,589 $ 192,227 Cost of revenue: Products $ 55,846 $ 41,117 $ 163,587 $ 122,055 Services 1,345 354 3,802 950 Depreciation 527 512 1,627 1,357 $ 57,718 $ 41,983 $ 169,016 $ 124,362

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Components of inventory	Inventories are as follows (in thousands): September 30, 2017 December 31, 2016 Raw materials $ 37,961 $ 28,626 Work-in-process 3,042 2,918 Finished goods 29,713 26,739 Inventories $ 70,716 $ 58,283

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Components of property and equipment	Property and equipment are as follows (in thousands): September 30, 2017 December 31, 2016 Land $ 6,748 $ 5,837 Buildings and leasehold improvements 43,431 42,986 Machinery and equipment 38,862 36,187 Equipment in progress 5,475 3,235 Furniture and fixtures 2,029 1,969 Transportation equipment 2,307 3,059 Computer equipment and software 12,168 11,844 Property and equipment 111,020 105,117 Less accumulated depreciation (37,309 ) (30,426 ) Property and equipment, net $ 73,711 $ 74,691

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2017
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 Total Balance at December 31, 2016 $ 37,180 $ 19,480 $ 56,660 Goodwill impairment recognized — — — Balance at September 30, 2017 $ 37,180 $ 19,480 $ 56,660

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of other intangible assets	Other intangible assets are as follows (in thousands): September 30, 2017 December 31, 2016 Cost Accumulated Amortization Cost Accumulated Amortization Finite-lived intangible assets: Patents and technology $ 17,236 $ 5,323 $ 16,815 $ 4,537 Customer lists 30,877 7,745 30,877 6,518 Trademarks and brand names 1,544 1,105 1,467 1,069 Total finite-lived intangible assets acquired 49,657 14,173 49,159 12,124 Deferred financing costs 2,230 493 1,804 117 Total amortizable intangible assets 51,887 $ 14,666 50,963 $ 12,241 Indefinite-lived intangible assets: Trademarks and brand names 11,630 11,630 Total other intangible assets $ 63,517 $ 62,593 Carrying value: Other intangible assets, net $ 48,851 $ 50,352

Long-Term Debt and Credit Fac35

Long-Term Debt and Credit Facility (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Components of long-term debt	Long-term debt is as follows (in thousands): September 30, 2017 December 31, 2016 Long-term debt: Borrowings under revolving credit facility $ 40,589 $ 38,566 Term loan — 9,833 Total long-term debt 40,589 48,399 Less current portion of long-term debt (40,589 ) (40,566 ) Long-term debt, less current portion $ — $ 7,833

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Components of basic and diluted earnings per common share	Basic and diluted earnings (loss) per common share are as follows (in thousands, except per share data): Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Loss from continuing operations $ (3,421 ) $ (1,870 ) $ (5,285 ) $ (2,011 ) Income (loss) from discontinued operations, net of tax 319 (876 ) (13,621 ) (33,200 ) Net loss - Basic and Diluted $ (3,102 ) $ (2,746 ) $ (18,906 ) $ (35,211 ) Weighted average common shares outstanding - Basic 57,602 56,899 57,709 55,523 Assumed conversions: Incremental common shares from stock options — — — — Incremental common shares from restricted stock units — — — — Weighted average common shares outstanding - Diluted 57,602 56,899 57,709 55,523 Basic earnings (loss) per common share: Continuing operations $ (0.06 ) $ (0.03 ) $ (0.09 ) $ (0.04 ) Discontinued operations, net of tax 0.01 (0.02 ) (0.24 ) (0.60 ) Basic earnings (loss) per common share $ (0.05 ) $ (0.05 ) $ (0.33 ) $ (0.64 ) Diluted earnings (loss) per common share: Continuing operations $ (0.06 ) $ (0.03 ) $ (0.09 ) $ (0.04 ) Discontinued operations, net of tax 0.01 (0.02 ) (0.24 ) (0.60 ) Diluted earnings (loss) per common share $ (0.05 ) $ (0.05 ) $ (0.33 ) $ (0.64 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
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): September 30, 2017 December 31, 2016 Carrying Value Fair Value Carrying Value Fair Value Term loan $ — $ — $ 9,833 $ 9,833 Borrowings under revolving credit facility 40,589 40,589 38,566 38,566

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2017
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 September 30, Nine months ended September 30, 2017 2016 2017 2016 U.S. federal statutory tax rate (35.0 )% (35.0 )% (35.0 )% (35.0 )% State income taxes, net of federal benefit 14.3 12.0 6.7 9.2 Non-U.S. income taxed at different rates 8.9 16.4 5.4 7.7 Reduction in tax benefit related to stock-based awards 15.8 — 14.1 — Other (3.5 ) (26.9 ) (3.6 ) (22.0 ) Effective income tax rate 0.5 % (33.5 )% (12.4 )% (40.1 )%

Common Stock (Tables)

Common Stock (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Schedule of reconciliation of changes in common shares issued	A reconciliation of changes in common shares issued during the nine months ended September 30, 2017 is as follows: Shares issued at December 31, 2016 59,684,669 Issued as restricted stock award grants 273,829 Issued upon exercise of stock options 663,288 Shares issued at September 30, 2017 60,621,786

Business Segment, Geographic 40

Business Segment, Geographic and Major Customer Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Financial information regarding reportable segments	Summarized financial information of the reportable segments is as follows (in thousands): For the three months ended September 30, Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Corporate and Other Total 2017 Net revenue from external customers $ 61,167 $ 18,291 $ — $ 79,458 Gross profit 18,733 3,007 — 21,740 Income (loss) from operations 6,867 985 (10,955 ) (3,103 ) Depreciation and amortization 1,863 590 615 3,068 Capital expenditures 324 682 641 1,647 2016 Net revenue from external customers $ 45,030 $ 19,307 $ — $ 64,337 Gross profit 18,180 4,174 — 22,354 Income (loss) from operations 6,196 2,433 (10,882 ) (2,253 ) Depreciation and amortization 1,582 567 581 2,730 Capital expenditures 2,005 148 227 2,380 For the nine months ended September 30, Energy Chemistry Technologies Consumer and Industrial Chemistry Technologies Corporate and Other Total 2017 Net revenue from external customers $ 187,807 $ 56,782 $ — $ 244,589 Gross profit 63,840 11,733 — 75,573 Income (loss) from operations 24,715 5,906 (35,598 ) (4,977 ) Depreciation and amortization 5,507 1,752 1,832 9,091 Capital expenditures 2,794 1,580 1,781 6,155 2016 Net revenue from external customers $ 133,094 $ 59,133 $ — $ 192,227 Gross profit 54,609 13,256 — 67,865 Income (loss) from operations 21,793 8,508 (32,031 ) (1,730 ) Depreciation and amortization 4,062 1,685 1,633 7,380 Capital expenditures 8,704 494 1,420 10,618 Assets of the Company by reportable segments are as follows (in thousands): September 30, 2017 December 31, 2016 Energy Chemistry Technologies $ 187,623 $ 184,328 Consumer and Industrial Chemistry Technologies 113,434 98,105 Corporate and Other 44,551 56,882 Total segments 345,608 339,315 Held for sale 4,135 43,900 Total assets $ 349,743 $ 383,215
Revenue by geographic location	Revenue by geographic location is as follows (in thousands): Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 U.S. $ 66,638 $ 52,545 $ 203,123 $ 154,532 Other countries 12,820 11,792 41,466 37,695 Total $ 79,458 $ 64,337 $ 244,589 $ 192,227
Revenue by major customer	Revenue from major customers, as a percentage of consolidated revenue, is as follows: Three months ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Customer A 13.3 % 12.5 % 12.9 % 17.9 % Customer B 8.8 % 14.8 % 9.6 % 13.5 %

Organization and Significant 41

Organization and Significant Accounting Policies (Details)	Sep. 30, 2017country
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries Flotek actively markets products and services, over 20 countries (country)	20

Recent Accounting Pronounceme42

Recent Accounting Pronouncements (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Employee share-based compensation, excess tax benefit	$ 0.9

Discontinued Operations - Addit

Discontinued Operations - Additional Disclosures (Details) $ in Millions	Aug. 16, 2017USD ($)	May 22, 2017USD ($)	Dec. 31, 2016segment	May 23, 2017USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Number of segments with assets and liabilities classified as discontinued operations (segment) | segment			2
Discontinued Operations, Disposed of by Sale | Drilling Technologies
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration	$ 1
Note receivables	$ 1
Notes receivable due, period	1 year
Discontinued Operations, Disposed of by Sale | Production Technologies
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration				$ 2.9
Escrow deposit				$ 0.4
Discontinued Operations, Disposed of by Sale | National Oilwell Varco, L.P. | Drilling Technologies
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration		$ 17
Escrow deposit		$ 1.5
Term of escrow deposit		18 months

Discontinued Operations - Summa

Discontinued Operations - Summary Of Financial Information That Has Been Segregated From Continuing Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Discontinued Operations:
Gain (loss) from discontinued operations	$ 319	$ (876)	$ (13,621)	$ (33,200)
Net income (loss) from discontinued operations	319	(876)	(13,621)	(33,200)
Assets:
Assets held for sale	4,135		4,135		$ 43,900
Discontinued Operations, Held-for-sale | Drilling Technologies
Discontinued Operations:
Revenue	0	7,197	11,534	20,026
Cost of revenue	0	(4,290)	(7,259)	(13,876)
Selling, general and administrative	(791)	(3,568)	(6,562)	(11,723)
Depreciation and amortization	0	(340)	0	(1,425)
Research and development	0	0	(6)	(65)
Gain on disposal of long-lived assets	36	77	97	92
Impairment of inventory and long-lived assets	0	0	0	(36,522)
Loss from operations	(755)	(924)	(2,196)	(43,493)
Other income (expense)	26	(77)	(91)	(320)
Gain (loss) from discontinued operations	463	0	(902)	0
Loss on write-down of assets held for sale	0	0	(6,831)	0
Loss before income taxes	(266)	(1,001)	(10,020)	(43,813)
Income tax benefit	581	592	3,473	15,673
Net income (loss) from discontinued operations	315	(409)	(6,547)	(28,140)
Assets:
Accounts receivable, net	1,749		1,749		5,072
Inventories	5		5		9,078
Other current assets	1,585		1,585		278
Long-term receivable	0		0		0
Property and equipment, net	0		0		11,277
Goodwill	0		0		15,333
Other intangible assets, net	0		0		7,395
Assets held for sale	3,339		3,339		48,433
Valuation allowance	(109)		(109)		(18,971)
Assets held for sale, net	3,230		3,230		29,462
Liabilities:
Accounts payable	15		15		2,472
Accrued liabilities	1,419		1,419		1,190
Liabilities held for sale	1,434		1,434		3,662
Discontinued Operations, Held-for-sale | Production Technologies
Discontinued Operations:
Revenue	0	2,145	4,002	6,034
Cost of revenue	0	(2,040)	(3,189)	(5,833)
Selling, general and administrative	(64)	(878)	(1,739)	(2,929)
Depreciation and amortization	0	(149)	0	(447)
Research and development	0	(204)	(364)	(671)
Gain on disposal of long-lived assets	0	8	0	(51)
Impairment of inventory and long-lived assets	0	0	0	(3,913)
Loss from operations	(64)	(1,118)	(1,290)	(7,810)
Other income (expense)	0	(24)	(52)	(68)
Gain (loss) from discontinued operations	61	0	233	0
Loss on write-down of assets held for sale	0	0	(9,718)	0
Loss before income taxes	(3)	(1,142)	(10,827)	(7,878)
Income tax benefit	7	675	3,753	2,818
Net income (loss) from discontinued operations	4	$ (467)	(7,074)	$ (5,060)
Assets:
Accounts receivable, net	201		201		1,784
Inventories	5		5		8,115
Other current assets	699		699		370
Long-term receivable	0		0		4,179
Property and equipment, net	0		0		3,978
Goodwill	0		0		1,689
Other intangible assets, net	0		0		484
Assets held for sale	905		905		20,599
Valuation allowance	0		0		(6,161)
Assets held for sale, net	905		905		14,438
Liabilities:
Accounts payable	10		10		914
Accrued liabilities	142		142		385
Liabilities held for sale	$ 152		$ 152		$ 1,299

Impairment of Inventory and L45

Impairment of Inventory and Long-Lived Assets for Discontinued Operations - Additional Disclosures (Details)	3 Months Ended				9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)segment	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Apr. 01, 2016rig	Dec. 31, 2015rig
Property, Plant and Equipment [Line Items]
Decrease in crude oil prices				21.00%
Number of segments tested for goodwill (segment) | segment				2
Impairments of goodwill | $	$ 0	$ 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							35.50%

Impairment of Inventory and L46

Impairment of Inventory and Long-Lived Assets for Discontinued Operations - Schedule of asset impairment charges (Details) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Property and equipment	$ 0	$ 0		$ 0	$ 0
Discontinued Operations, Held-for-sale
Segment Reporting Information [Line Items]
Total impairment			$ 40,435,000
Discontinued Operations, Held-for-sale | Drilling Technologies
Segment Reporting Information [Line Items]
Inventories			12,653,000
Property and equipment			14,642,000
Intangible assets other than goodwill			9,227,000
Discontinued Operations, Held-for-sale | Production Technologies
Segment Reporting Information [Line Items]
Inventories			$ 3,913,000

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Jul. 27, 2016	Sep. 30, 2017	Sep. 30, 2016
Business Acquisition [Line Items]
Consideration transferred, cash payments, net of cash acquired		$ 0	$ 7,863
International Polymerics, Inc.
Business Acquisition [Line Items]
Membership interest acquired	100.00%
Consideration transferred, cash payments, net of cash acquired	$ 7,900
Consideration transferred, common stock issued (in shares)	247,764

Supplemental Cash Flow Inform48

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Supplemental non-cash investing and financing activities:
Value of common stock issued in acquisition	$ 0	$ 3,268
Value of common stock issued in payment of accrued liability	188	0
Exercise of stock options by common stock surrender	5,863	50
Supplemental cash payment information:
Interest paid	1,511	1,459
Income taxes received, net of payments (paid, net of refunds)	$ 10,081	$ (1,663)

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue:
Products	$ 77,956	$ 62,562	$ 240,306	$ 187,122
Services	1,502	1,775	4,283	5,105
Total revenue	79,458	64,337	244,589	192,227
Cost of revenue:
Products	55,846	41,117	163,587	122,055
Services	1,345	354	3,802	950
Depreciation	527	512	1,627	1,357
Total cost of revenue	$ 57,718	$ 41,983	$ 169,016	$ 124,362

Inventories - Components of Inv

Inventories - Components of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Components of Inventory
Raw materials	$ 37,961	$ 28,626
Work-in-process	3,042	2,918
Finished goods	29,713	26,739
Inventories	$ 70,716	$ 58,283

Property and Equipment - Compon

Property and Equipment - Components of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Components of Property, Plant and Equipment
Property and equipment	$ 111,020	$ 105,117
Less accumulated depreciation	(37,309)	(30,426)
Property and equipment, net	73,711	74,691
Land
Components of Property, Plant and Equipment
Property and equipment	6,748	5,837
Buildings and leasehold improvements
Components of Property, Plant and Equipment
Property and equipment	43,431	42,986
Machinery and equipment
Components of Property, Plant and Equipment
Property and equipment	38,862	36,187
Equipment in progress
Components of Property, Plant and Equipment
Property and equipment	5,475	3,235
Furniture and fixtures
Components of Property, Plant and Equipment
Property and equipment	2,029	1,969
Transportation equipment
Components of Property, Plant and Equipment
Property and equipment	2,307	3,059
Computer equipment and software
Components of Property, Plant and Equipment
Property and equipment	$ 12,168	$ 11,844

Property and Equipment - Additi

Property and Equipment - Additional Disclosures (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Depreciation expense, inclusive of expense captured in cost of revenue	$ 2,400,000	$ 2,100,000	$ 7,000,000	$ 5,300,000
Impairment of property and equipment	$ 0	$ 0	$ 0	$ 0

Goodwill - Carrying Value of Go

Goodwill - Carrying Value of Goodwill (Details) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2017	Sep. 30, 2016
Goodwill [Roll Forward]
Balance, beginning of period					$ 56,660,000
Goodwill impairment recognized	$ 0	$ 0	$ 0	$ 0	0	$ 0
Balance, end of period	56,660,000				56,660,000
Energy Chemistry Technologies
Goodwill [Roll Forward]
Balance, beginning of period					37,180,000
Goodwill impairment recognized					0
Balance, end of period	37,180,000				37,180,000
Consumer and Industrial Chemistry Technologies
Goodwill [Roll Forward]
Balance, beginning of period					19,480,000
Goodwill impairment recognized					0
Balance, end of period	$ 19,480,000				$ 19,480,000

Goodwill - Additional Disclosur

Goodwill - Additional Disclosures (Details) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2017	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Impairments of goodwill	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Other Intangible Assets - Sched

Other Intangible Assets - Schedule of other intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	$ 51,887	$ 50,963
Finite-lived intangible assets, Accumulated Amortization	14,666	12,241
Total other intangible assets	63,517	62,593
Other intangible assets, net	48,851	50,352
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	49,657	49,159
Finite-lived intangible assets, Accumulated Amortization	14,173	12,124
Patents and technology
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	17,236	16,815
Finite-lived intangible assets, Accumulated Amortization	5,323	4,537
Customer lists
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	30,877	30,877
Finite-lived intangible assets, Accumulated Amortization	7,745	6,518
Trademarks and brand names
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	1,544	1,467
Finite-lived intangible assets, Accumulated Amortization	1,105	1,069
Deferred financing costs
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Cost	2,230	1,804
Finite-lived intangible assets, Accumulated Amortization	$ 493	$ 117

Other Intangible Assets - Addit

Other Intangible Assets - Additional Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Amortization of finite-lived intangible assets	$ 700	$ 700	$ 2,000	$ 2,100
Amortization of deferred financing costs	$ 100	$ 100	$ 376	$ 308
Minimum
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Amortization period			2 years
Maximum
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Amortization period			20 years

Long-Term Debt and Credit Fac57

Long-Term Debt and Credit Facility - Components of Long-term debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Long-term debt:
Long-term debt	$ 40,589	$ 48,399
Less current portion of long-term debt	(40,589)	(40,566)
Long-term debt, less current portion	0	7,833
Borrowings under revolving credit facility
Long-term debt:
Long-term debt	40,589	38,566
Term loan
Long-term debt:
Long-term debt	$ 0	$ 9,833

Long-Term Debt and Credit Fac58

Long-Term Debt and Credit Facility - Additional Disclosures (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2017	Sep. 29, 2017	May 10, 2013
Credit Facility
Line of Credit Facility [Line Items]
Covenant, percent of adjusted EBITDA which must be prepaid		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		60 days
Credit Facility | Debt Covenant, Period One
Line of Credit Facility [Line Items]
Limit on capital expenditures		$ 20,000,000
Credit Facility | Debt Covenant, Period Two
Line of Credit Facility [Line Items]
Limit on capital expenditures		26,000,000
Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 75,000,000
Credit Facility | Line of Credit | Borrowings under revolving credit facility
Line of Credit Facility [Line Items]
Credit facility, availability		74,900,000
Credit facility, available borrowing capacity, net of outstanding borrowings		$ 34,300,000
Credit facility, commitment fee percentage		0.25%
Credit facility, amount outstanding		$ 40,600,000
Credit Facility | Line of Credit | Borrowings under revolving credit facility | PNC Bank Base Rate
Line of Credit Facility [Line Items]
Base lending rate		4.25%
Credit facility, amount outstanding		$ 2,600,000
Credit facility, interest rate at period end		5.75%
Credit Facility | Line of Credit | Borrowings under revolving credit facility | LIBOR
Line of Credit Facility [Line Items]
Credit facility, amount outstanding		$ 38,000,000
Credit facility, interest rate at period end		3.74%
Credit Facility | Line of Credit | Borrowings under revolving credit facility | Minimum
Line of Credit Facility [Line Items]
Fixed coverage charge ratio requirement		1
Leverage ratio requirement		3
Credit Facility | Line of Credit | Borrowings under revolving credit facility | Minimum | PNC Bank Base Rate
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread		1.50%
Credit Facility | Line of Credit | Borrowings under revolving credit facility | Minimum | LIBOR
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread		2.50%
Credit Facility | Line of Credit | Borrowings under revolving credit facility | Maximum
Line of Credit Facility [Line Items]
Fixed coverage charge ratio requirement		1.10
Leverage ratio requirement		5.5
Undrawn availability required		$ 15,000,000
Credit Facility | Line of Credit | Borrowings under revolving credit facility | Maximum | PNC Bank Base Rate
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread		2.00%
Credit Facility | Line of Credit | Borrowings under revolving credit facility | Maximum | LIBOR
Line of Credit Facility [Line Items]
Credit facility, variable percentage rate spread		3.00%
Credit Facility | Term loan
Line of Credit Facility [Line Items]
Debt, face amount	$ 10,000,000
Monthly principal payments	$ 200,000
Credit Facility | Letter of Credit | Borrowings under revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 10,000,000
Tenth Amendment to the Credit Facility | Line of Credit | Borrowings under revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 75,000,000

Earnings (Loss) Per Share - Add

Earnings (Loss) Per Share - Additional Disclosures (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Stock Options
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		0.7
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from calculation of earnings per share (in shares)	1.3	0.8	1.3	0.8

Earnings (Loss) Per Share - Bas

Earnings (Loss) Per Share - Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Class of Stock [Line Items]
Loss from continuing operations	$ (3,421)	$ (1,870)	$ (5,285)	$ (2,011)
Income (loss) from discontinued operations, net of tax	319	(876)	(13,621)	(33,200)
Net loss	$ (3,102)	$ (2,746)	$ (18,906)	$ (35,211)
Weighted average common shares outstanding - Basic (in shares)	57,602	56,899	57,709	55,523
Assumed conversions:
Weighted average common shares outstanding - Diluted (in shares)	57,602	56,899	57,709	55,523
Basic earnings (loss) per common share:
Continuing operations (in dollars per share)	$ (0.06)	$ (0.03)	$ (0.09)	$ (0.04)
Discontinued operations, net of tax (in dollars per share)	0.01	(0.02)	(0.24)	(0.60)
Basic earnings (loss) per common share (in dollars per share)	(0.05)	(0.05)	(0.33)	(0.64)
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)	(0.06)	(0.03)	(0.09)	(0.04)
Discontinued operations, net of tax (in dollars per share)	0.01	(0.02)	(0.24)	(0.60)
Diluted earnings (loss) per common share (in dollars per share)	$ (0.05)	$ (0.05)	$ (0.33)	$ (0.64)
Stock Options
Assumed conversions:
Incremental common shares from stock options and restricted stock units (in shares)	0	0	0	0
Restricted Stock Units
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				9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Cash equivalents	$ 0				$ 0		$ 0
Impairments of goodwill	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Other Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Carrying Value
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Borrowings under revolving credit facility	$ 40,589	$ 38,566
Carrying Value | Term loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Term loan	0	9,833
Fair Value
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Borrowings under revolving credit facility	40,589	38,566
Fair Value | Term loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Term loan	$ 0	$ 9,833

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Tax Rate (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
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	14.30%	12.00%	6.70%	9.20%
Non-U.S. income taxed at different rates	8.90%	16.40%	5.40%	7.70%
Reduction in tax benefit related to stock-based awards	15.80%	(0.00%)	14.10%	(0.00%)
Other	(3.50%)	(26.90%)	(3.60%)	(22.00%)
Effective income tax rate	0.50%	(33.50%)	(12.40%)	(40.10%)

Common Stock - Reconciliation o

Common Stock - Reconciliation of Changes in Common Shares Issued and Additional Disclosures (Details)	Nov. 09, 2009series$ / sharesshares	Sep. 30, 2017$ / sharesshares	Dec. 31, 2016$ / sharesshares
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
Common stock, shares authorized (in shares)	80,000,000	80,000,000	80,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	100,000	100,000	100,000
Preferred stock, minimum number of series authorized (series) | series	1
Preferred stock, at par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001	$ 0.0001
Reconciliation of changes in common shares issued
Shares issued, beginning balance (in shares)		59,684,669
Issued as restricted stock award grants (in shares)		273,829
Issued upon exercise of stock options (in shares)		663,288
Shares issued, ending balance (in shares)		60,621,786

Common Stock - Stock Repurchase

Common Stock - Stock Repurchase Program (Details) - USD ($)	3 Months Ended		9 Months Ended		25 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Jun. 30, 2015	Nov. 30, 2012
Equity, Class of Treasury Stock [Line Items]
Cost of repurchase of common stock			$ 4,174,000
Stock repurchase program, remaining amount	$ 50,700,000		50,700,000
Credit Facility
Equity, Class of Treasury Stock [Line Items]
Share repurchase covenant			$ 10,700,000
Share Repurchase Program, November 2012
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)	630,000	0	680,000	0
Cost of repurchase of common stock	$ 3,700,000		$ 4,200,000
Average common stock repurchase price (in dollars per share)	$ 5.85		$ 6.14
Share Repurchase Program, June 2015
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount (up to)						$ 50,000,000
Repurchase of common stock during period (in shares)					0

Business Segment, Geographic 66

Business Segment, Geographic and Major Customer Information - Additional Disclosures (Details)	9 Months Ended
	Sep. 30, 2017segment
Segment Reporting Information [Line Items]
Number of reportable segments (segment)	2
Customer Concentration Risk | Minimum | Sales | Major Customers | Energy Chemistry Technologies
Segment Reporting Information [Line Items]
Percentage of revenue by major customers	90.00%

Business Segment, Geographic 67

Business Segment, Geographic and Major Customer Information - Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Summarized financial information regarding reportable segments
Net revenue from external customers	$ 79,458	$ 64,337	$ 244,589	$ 192,227
Gross profit	21,740	22,354	75,573	67,865
Income (loss) from operations	(3,103)	(2,253)	(4,977)	(1,730)
Depreciation and amortization	3,068	2,730	9,091	7,380
Capital expenditures	1,647	2,380	6,155	10,618
Operating Segments | Energy Chemistry Technologies
Summarized financial information regarding reportable segments
Net revenue from external customers	61,167	45,030	187,807	133,094
Gross profit	18,733	18,180	63,840	54,609
Income (loss) from operations	6,867	6,196	24,715	21,793
Depreciation and amortization	1,863	1,582	5,507	4,062
Capital expenditures	324	2,005	2,794	8,704
Operating Segments | Consumer and Industrial Chemistry Technologies
Summarized financial information regarding reportable segments
Net revenue from external customers	18,291	19,307	56,782	59,133
Gross profit	3,007	4,174	11,733	13,256
Income (loss) from operations	985	2,433	5,906	8,508
Depreciation and amortization	590	567	1,752	1,685
Capital expenditures	682	148	1,580	494
Corporate and Other
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	(10,955)	(10,882)	(35,598)	(32,031)
Depreciation and amortization	615	581	1,832	1,633
Capital expenditures	$ 641	$ 227	$ 1,781	$ 1,420

Business Segment, Geographic 68

Business Segment, Geographic and Major Customer Information - Assets by Reportable Segments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Assets	$ 349,743	$ 383,215
Held for sale	4,135	43,900
Operating Segments
Segment Reporting Information [Line Items]
Assets	345,608	339,315
Operating Segments | Energy Chemistry Technologies
Segment Reporting Information [Line Items]
Assets	187,623	184,328
Operating Segments | Consumer and Industrial Chemistry Technologies
Segment Reporting Information [Line Items]
Assets	113,434	98,105
Corporate and Other
Segment Reporting Information [Line Items]
Assets	$ 44,551	$ 56,882

Business Segment, Geographic 69

Business Segment, Geographic and Major Customer Information - Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 79,458	$ 64,337	$ 244,589	$ 192,227
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	66,638	52,545	203,123	154,532
Other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 12,820	$ 11,792	$ 41,466	$ 37,695

Business Segment, Geographic 70

Business Segment, Geographic and Major Customer Information - Major Customers (Details) - Customer Concentration Risk - Sales	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Customer A
Segment Reporting Information [Line Items]
Percentage of revenue by major customers	13.30%	12.50%	12.90%	17.90%
Customer B
Segment Reporting Information [Line Items]
Percentage of revenue by major customers	8.80%	14.80%	9.60%	13.50%

Commitments and Contingencies (

Commitments and Contingencies (Details) - lawsuit	Mar. 30, 2017	Jan. 31, 2016	Sep. 30, 2017
Punitive Lawsuits Filed in the United States District Court for the Southern District of Texas
Loss Contingencies [Line Items]
Number of lawsuits dismissed (lawsuit)	4
Number of lawsuits filed (lawsuit)		1
Derivative Lawsuit Against Officers and Directors
Loss Contingencies [Line Items]
Number of lawsuits filed (lawsuit)		3
Derivative Lawsuit Filed in District Court of Harris County, Texas
Loss Contingencies [Line Items]
Number of lawsuits filed (lawsuit)		2	1