Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUE      
Revenue $ 625,012,000 $ 1,690,084,000 $ 691,496,000 [1]
COST AND EXPENSES      
Gross profit (loss) 81,224,000 596,280,000  
Selling, general and administrative (Note 13) 49,705,000 71,199,000 48,405,000 [2]
Selling, general and administrative - related parties (Note 13) 1,847,000 1,898,000 1,481,000 [2]
Depreciation, depletion, amortization and accretion 117,033,000 119,877,000 92,124,000 [2]
Impairment of goodwill 33,664,000 3,203,000 0 [2],[3]
Impairment of other long-lived assets 7,358,000 5,652,000 4,146,000 [2],[3]
Total cost and expenses 753,395,000 1,295,633,000 628,725,000 [1]
Operating (loss) income (128,383,000) 394,451,000 62,771,000 [1]
OTHER INCOME (EXPENSE)      
Interest expense, net (4,958,000) (3,187,000) (4,310,000) [2]
Bargain purchase gain 0 0 4,012,000 [2],[3]
Other, net 42,216,000 (2,036,000) (677,000) [2]
Total other income (expense) 37,258,000 (5,223,000) (975,000) [1]
(Loss) income before income taxes (91,125,000) 389,228,000 61,796,000 [1]
(Benefit) provision for income taxes (12,081,000) 153,263,000 2,832,000 [2]
Net (loss) income (79,044,000) 235,965,000 58,964,000 [1],[3]
OTHER COMPREHENSIVE INCOME (LOSS)      
Foreign currency translation adjustment, net of tax of ($203), $397 and $645, respectively, for 2019, 2018 and 2017 775,000 (1,420,000) 555,000 [2]
Comprehensive (loss) income $ (78,269,000) $ 234,545,000 $ 59,519,000 [1]
Net (loss) income per share (basic) (in USD per share) $ (1.76) $ 5.27 $ 1.42 [1]
Net (loss) income per share (diluted) (in USD per share) $ (1.76) $ 5.24 $ 1.42 [1]
Weighted average number of shares outstanding (Note 16) (in shares) 45,011 44,750 41,548 [1]
Weighted average number of shares outstanding, including dilutive effect (in shares) 45,011 45,021 41,639 [1]
Service      
REVENUE      
Revenue $ 452,594,000 $ 1,471,085,000 $ 435,409,000 [2]
COST AND EXPENSES      
Gross profit (loss) 451,206,000 961,205,000 390,112,000 [2]
Product      
REVENUE      
Revenue 42,105,000 75,766,000 47,067,000 [2]
COST AND EXPENSES      
Gross profit (loss) 87,812,000 126,714,000 91,049,000 [2]
Related parties      
COST AND EXPENSES      
Selling, general and administrative - related parties (Note 13) 1,847,000 1,898,000 1,481,000
Related parties | Service      
REVENUE      
Revenue 102,624,000 118,183,000 166,064,000 [2]
COST AND EXPENSES      
Gross profit (loss) 4,770,000 5,885,000 1,408,000 [2]
Related parties | Product      
REVENUE      
Revenue $ 27,689,000 $ 25,050,000 $ 42,956,000 [2]
[1] Financial information has been recast to include results attributable to Sturgeon. See Note 4.
[2] Financial information includes the results attributable to Sturgeon for the entire period presented. See Note 4.
[3] (a) Financial information includes the results attributable to Sturgeon for the entire period presented. See Note 4.