0000886835-19-000017 | 10-Q | XBRL Viewer | Superior Energy Services INC

Nine Months Ended September 30, 2019

Impairment

Fair Value

Long-lived assets

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2019	Nov. 01, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	001-34037
Entity Registrant Name	SUPERIOR ENERGY SERVICES INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-2379388
Entity Address, Address Line One	1001 Louisiana Street
Entity Address, Address Line Two	Suite 2900
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	654-2200
Title of 12(b) Security	Common Stock, $.001 par value
Trading Symbol	SPN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		146,849,439
Entity Central Index Key	0000886835
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 259,889	$ 158,050
Accounts receivable, net of allowance for doubtful accounts of $14,500 and $12,080 at September 30, 2019 and December 31, 2018, respectively	368,530	447,353
Prepaid expenses	64,760	45,802
Inventory and other current assets	139,840	121,700
Total current assets	833,019	772,905
Property, plant and equipment, net of accumulated depreciation and depletion of $2,620,197 and $2,640,344 at September 30, 2019 and December 31, 2018, respectively	891,540	1,109,126
Operating lease right-of-use assets	96,190
Goodwill	135,922	136,788
Notes receivable	67,042	63,993
Restricted cash	2,753	5,698
Intangible and other long-term assets, net of accumulated amortization of $24,686 and $76,358 at September 30, 2019 and December 31, 2018, respectively	97,285	127,452
Total assets	2,123,751	2,215,962
Current liabilities:
Accounts payable	110,398	139,325
Accrued expenses	220,623	219,180
Income taxes payable	3,842	734
Current portion of decommissioning liabilities	3,621	3,538
Total current liabilities	338,484	362,777
Long-term debt, net	1,285,755	1,282,921
Decommissioning liabilities	131,263	126,558
Operating lease liabilities	76,255
Other long-term liabilities	148,907	152,967
Stockholders' equity:
Preferred stock of $0.01 par value. Authorized - 5,000,000 shares; none issued
Common stock of $0.001 par value, Authorized - 250,000,000, Issued and Outstanding - 156,573,565 at September 30, 2019, Authorized - 250,000,000, Issued and Outstanding - 154,885,418 at December 31, 2018	157	155
Additional paid in capital	2,748,477	2,735,125
Accumulated other comprehensive loss, net	(76,987)	(73,177)
Retained deficit	(2,528,560)	(2,371,364)
Total stockholders' equity	143,087	290,739
Total liabilities and stockholders' equity	$ 2,123,751	$ 2,215,962

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 14,500	$ 12,080
Accumulated depreciation and depletion on Property, plant and equipment	2,620,197	2,640,344
Accumulated amortization of Intangible and other long-term assets	$ 24,686	$ 76,358
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	156,573,565	154,885,418
Common stock, shares outstanding	156,573,565	154,885,418

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Total revenues	$ 425,717	$ 573,068	$ 1,329,208	$ 1,590,934
Costs and expenses:
Costs (exclusive of depreciation, depletion, amortization and accretion)	294,206	404,389	920,797	1,117,659
Depreciation, depletion, amortization and accretion	67,389	99,892	225,046	303,584
General and administrative expenses	62,768	68,895	208,597	214,611
Reduction in value of assets	9,571		40,952
Loss from operations	(8,217)	(108)	(66,184)	(44,920)
Other expense:
Interest expense, net	(24,505)	(24,952)	(74,275)	(74,733)
Other income (expense)	(3,353)	(277)	(4,476)	(4,394)
Loss from continuing operations before income taxes	(36,075)	(25,337)	(144,935)	(124,047)
Income taxes	2,366	(3,521)	12,261	(16,846)
Net loss from continuing operations	(38,441)	(21,816)	(157,196)	(107,201)
Loss from discontinued operations, net of income tax				(729)
Net loss	$ (38,441)	$ (21,816)	$ (157,196)	$ (107,930)
Basic and diluted loss per share:
Net loss from continuing operations	$ (0.25)	$ (0.14)	$ (1.01)	$ (0.70)
Loss from discontinued operations
Net loss	$ (0.25)	$ (0.14)	$ (1.01)	$ (0.70)
Weighted average shares outstanding	156,573	154,529	155,808	154,047
Services [Member]
Revenues:
Total revenues	$ 325,946	$ 471,218	$ 1,046,388	$ 1,317,798
Costs and expenses:
Costs (exclusive of depreciation, depletion, amortization and accretion)	255,087	372,837	801,143	1,017,102
Depreciation, depletion, amortization and accretion	51,889	81,911	178,088	251,398
Rentals [Member]
Revenues:
Total revenues	99,771	101,850	282,820	273,136
Costs and expenses:
Costs (exclusive of depreciation, depletion, amortization and accretion)	39,119	31,552	119,654	100,557
Depreciation, depletion, amortization and accretion	$ 15,500	$ 17,981	$ 46,958	$ 52,186

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Consolidated Statement of Comprehensive Loss [Abstract]
Net loss	$ (38,441)	$ (71,050)	$ (47,705)	$ (21,816)	$ (26,390)	$ (59,724)	$ (157,196)	$ (107,930)
Change in cumulative translation adjustment, net of tax	(2,967)	$ (1,916)	$ 1,073	(826)	$ (7,053)	$ 4,388	(3,810)	(3,491)
Comprehensive loss	$ (41,408)			$ (22,642)			$ (161,006)	$ (111,421)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net loss	$ (157,196)	$ (107,930)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, depletion, amortization and accretion	225,044	303,584
Deferred income taxes		(25,475)
Reduction in value of assets	40,952
Right-of-use assets amortization	16,341
Stock based compensation expense	14,155	23,303
Other reconciling items, net	(9,340)	(8,255)
Changes in operating assets and liabilities:
Accounts receivable	68,239	(95,806)
Prepaid expenses	(20,012)	1,742
Inventory and other current assets	(19,966)	(16,879)
Accounts payable	(8,221)	18,367
Accrued expenses	(25,054)	(9,543)
Other, net	(8,438)	248
Net cash provided by operating activities	116,504	83,356
Cash flows from investing activities:
Payments for capital expenditures	(105,393)	(186,283)
Proceeds from sales of assets	90,696	29,595
Net cash used in investing activities	(14,697)	(156,688)
Cash flows from financing activities:
Tax withholding for vested restricted stock units	(1,677)	(5,189)
Other	621	1,239
Net cash used in financing activities	(1,056)	(3,950)
Effect of exchange rate changes on cash	(1,857)	(1,834)
Net change in cash, cash equivalents, and restricted cash	98,894	(79,116)
Cash, cash equivalents, and restricted cash at beginning of period	163,748	192,483
Cash, cash equivalents, and restricted cash at end of period	$ 262,642	$ 113,367

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss, Net [Member]	Retained Deficit [Member]	Total
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2017	$ 153	$ 2,713,161	$ (67,427)	$ (1,513,458)	$ 1,132,429
Beginning balance, shares at Dec. 31, 2017					153,263,097
Net loss				(59,724)	$ (59,724)
Foreign currency translation adjustment			4,388		4,388
Stock-based compensation expense, net of forfeitures		6,229			6,229
Transactions under stock plans, value	1	(5,154)			$ (5,153)
Transactions under stock plans, shares					974,165
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2018	154	2,714,236	(63,039)	(1,573,182)	$ 1,078,169
Ending balance, shares at Mar. 31, 2018					154,237,262
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2017	153	2,713,161	(67,427)	(1,513,458)	$ 1,132,429
Beginning balance, shares at Dec. 31, 2017					153,263,097
Net loss					$ (107,930)
Foreign currency translation adjustment					(3,491)
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2018	155	2,728,167	(70,918)	(1,621,388)	$ 1,036,016
Ending balance, shares at Sep. 30, 2018					154,530,114
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2018	154	2,714,236	(63,039)	(1,573,182)	$ 1,078,169
Beginning balance, shares at Mar. 31, 2018					154,237,262
Net loss				(26,390)	$ (26,390)
Foreign currency translation adjustment			(7,053)		(7,053)
Stock-based compensation expense, net of forfeitures		6,113			6,113
Transactions under stock plans, value		(30)			$ (30)
Transactions under stock plans, shares					90,535
Shares issued under Employee Stock Purchase Plan, value	1	1,905			$ 1,906
Shares issued under Employee Stock Purchase Plan					197,830
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2018	155	2,722,224	(70,092)	(1,599,572)	$ 1,052,715
Ending balance, shares at Jun. 30, 2018					154,525,627
Net loss				(21,816)	$ (21,816)
Foreign currency translation adjustment			(826)		(826)
Stock-based compensation expense, net of forfeitures		5,948			5,948
Transactions under stock plans, value		(5)			$ (5)
Transactions under stock plans, shares					4,487
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2018	155	2,728,167	(70,918)	(1,621,388)	$ 1,036,016
Ending balance, shares at Sep. 30, 2018					154,530,114
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018	$ 155	2,735,125	(73,177)	(2,371,364)	$ 290,739
Beginning balance, shares at Dec. 31, 2018	154,885,418
Net loss				(47,705)	(47,705)
Foreign currency translation adjustment			1,073		1,073
Stock-based compensation expense, net of forfeitures		5,625			5,625
Transactions under stock plans, value	$ 1	(1,667)			(1,666)
Transactions under stock plans, shares	1,071,182
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2019	$ 156	2,739,083	(72,104)	(2,419,069)	248,066
Ending balance, shares at Mar. 31, 2019	155,956,600
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018	$ 155	2,735,125	(73,177)	(2,371,364)	290,739
Beginning balance, shares at Dec. 31, 2018	154,885,418
Net loss					(157,196)
Foreign currency translation adjustment					(3,810)
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2019	$ 157	2,748,477	(76,987)	(2,528,560)	143,087
Ending balance, shares at Sep. 30, 2019	156,573,565
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2019	$ 156	2,739,083	(72,104)	(2,419,069)	248,066
Beginning balance, shares at Mar. 31, 2019	155,956,600
Net loss				(71,050)	(71,050)
Foreign currency translation adjustment			(1,916)		(1,916)
Stock-based compensation expense, net of forfeitures		4,650			4,650
Transactions under stock plans, value		(10)			(10)
Transactions under stock plans, shares	116,374
Shares issued under Employee Stock Purchase Plan, value	$ 1	650			651
Shares issued under Employee Stock Purchase Plan	500,186
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2019	$ 157	2,744,373	(74,020)	(2,490,119)	180,391
Ending balance, shares at Jun. 30, 2019	156,573,160
Net loss				(38,441)	(38,441)
Foreign currency translation adjustment			(2,967)		(2,967)
Stock-based compensation expense, net of forfeitures		4,104			4,104
Transactions under stock plans, shares	405
Stockholders' Equity Attributable to Parent, Ending Balance at Sep. 30, 2019	$ 157	$ 2,748,477	$ (76,987)	$ (2,528,560)	$ 143,087
Ending balance, shares at Sep. 30, 2019	156,573,565

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Basis of Presentation

9 Months Ended

Sep. 30, 2019

Basis of Presentation [Abstract]

Basis of Presentation

(1)Basis of Presentation

Certain information and footnote disclosures normally in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (SEC); however, management believes the disclosures that are made are adequate to make the information presented not misleading. These financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in Superior Energy Services, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2018, and Management’s Discussion and Analysis of Financial Condition and Results of Operations herein.

The financial information of Superior Energy Services, Inc. and its subsidiaries (the Company) for the three and nine months ended September 30, 2019 and 2018 has not been audited. However, in the opinion of management, all adjustments necessary to present fairly the results of operations for the periods presented have been included therein. The results of operations for the first nine months of the year are not necessarily indicative of the results of operations that might be expected for the entire year.

The Company evaluates events that occur after the balance sheet date but before the financial statements are issued for potential recognition or disclosure. Based on the evaluation, the Company determined that there were no material subsequent events for recognition or disclosure.

Revenue

9 Months Ended

Sep. 30, 2019

Revenue [Abstract]

Revenue

(2)Revenue

Revenue Recognition

Revenues are recognized when performance obligations are satisfied in accordance with contractual terms, in an amount that reflects the consideration the Company expects to be entitled to in exchange for services rendered or rentals provided. Taxes collected from customers and remitted to governmental authorities and revenues are reported on a net basis in the Company’s financial statements.

Performance Obligations

A performance obligation arises under contracts with customers to render services or provide rentals, and is the unit of account under Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). The Company accounts for services rendered and rentals provided separately if they are distinct and the service or rental is separately identifiable from other items provided to a customer and if a customer can benefit from the services rendered or rentals provided on its own or with other resources that are readily available to the customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. A contract’s standalone selling prices are determined based on the prices that the Company charges for its services rendered and rentals provided. The majority of the Company’s performance obligations are satisfied over time, which is generally represented by a period of 30 days or less. The Company’s payment terms vary by the type of products or services offered. The term between invoicing and when the payment is due is typically 30 days.

Services revenue primarily represents amounts charged to customers for the completion of services rendered, including labor, products and supplies necessary to perform the service. Rates for these services vary depending on the type of services provided and can be based on a per job, per hour or per day basis.

Rentals revenue is, primarily priced on a per day, per man hour or similar basis and consists of fees charged to customers for use of the Company’s rental equipment over the term of the rental period, which is generally less than twelve months.

The Company expenses sales commissions when incurred because the amortization period would have been one year or less.

Disaggregation of revenue

The following table presents the Company’s revenues by segment disaggregated by geography (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
		2019		2018		2019		2018
U.S. land
Drilling Products and Services	$	46,590	$	45,605	$	142,073	$	129,716
Onshore Completion and Workover Services		145,105		294,869		513,638		802,600
Production Services		32,620		47,858		112,095		148,259
Technical Solutions		7,283		8,453		32,589		23,144
Total U.S. land	$	231,598	$	396,785	$	800,395	$	1,103,719

U.S. offshore
Drilling Products and Services	$	33,895	$	26,065	$	91,048	$	70,315
Onshore Completion and Workover Services		-		-		-		-
Production Services		18,295		16,776		58,977		47,910
Technical Solutions		40,771		47,286		95,195		120,181
Total U.S. offshore	$	92,961	$	90,127	$	245,220	$	238,406

International
Drilling Products and Services	$	30,700	$	27,514	$	79,825	$	78,388
Onshore Completion and Workover Services		-		-		-		-
Production Services		47,872		41,236		134,167		112,422
Technical Solutions		22,586		17,406		69,601		57,999
Total International	$	101,158	$	86,156	$	283,593	$	248,809
Total Revenues	$	425,717	$	573,068	$	1,329,208	$	1,590,934

The following table presents the Company’s revenues by segment disaggregated by type (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
		2019		2018		2019		2018
Services
Drilling Products and Services	$	32,471	$	24,083	$	91,640	$	75,549
Onshore Completion and Workover Services		136,154		284,187		484,965		771,605
Production Services		89,571		97,551		280,171		285,843
Technical Solutions		67,750		65,397		189,612		184,801
Total services	$	325,946	$	471,218	$	1,046,388	$	1,317,798

Rentals
Drilling Products and Services	$	78,714	$	75,101	$	221,306	$	202,870
Onshore Completion and Workover Services		8,951		10,682		28,673		30,995
Production Services		9,216		8,319		25,068		22,748
Technical Solutions		2,890		7,748		7,773		16,523
Total rentals	$	99,771	$	101,850	$	282,820	$	273,136
Total Revenues	$	425,717	$	573,068	$	1,329,208	$	1,590,934

Impact of adoption of ASU 2016-02, Leases (Topic 842)

Services revenue:

In connection with its adoption of Topic 842, the Company determined that certain of its services revenue contracts contain a lease component. The Company elected to adopt a practical expedient option available to lessors, which allows the Company to combine the lease and non-lease components and account for the combined component in accordance with the accounting treatment for the predominant component. Therefore, the Company combined the lease and service components for certain of the Company’s service

contracts and continues to account for the combined component under ASU 2014-09, Revenue from Contracts with Customers (Topic 606).

Rentals revenue:

The Company determined that its rentals revenue contracts represent short-term operating leases. Therefore, the adoption of the ASU 2016-02 did not result in any changes in the timing or method of revenue recognition for the Company’s rental revenues.

Inventory

9 Months Ended

Sep. 30, 2019

Inventory [Abstract]

Inventory

(3)Inventory

Inventories are stated at the lower of cost or net realizable value. The Company applies net realizable value and obsolescence to the gross value of the inventory. Cost is determined using the first-in, first-out or weighted-average cost methods for finished goods and work-in-process. Supplies and consumables primarily consist of products used in our services provided to customers. The components of the inventory balances are as follows (in thousands):



	September 30, 2019		December 31, 2018
Finished goods	$	62,301	$	54,144
Raw materials		16,758		16,795
Work-in-process		9,504		5,544
Supplies and consumables		34,957		30,822
Total	$	123,520	$	107,305

Notes Receivable

9 Months Ended

Sep. 30, 2019

Notes Receivable [Abstract]

Notes Receivable

(4)Notes Receivable

Notes receivable consist of a commitment from the seller of an oil and gas property acquired by the Company related to costs associated with the abandonment of the acquired property. Pursuant to an agreement with the seller, the Company will invoice the seller an agreed upon amount at the completion of certain decommissioning activities. The gross amount of this obligation totals $115.0 million and is recorded at present value using an effective interest rate of 6.58%. The related discount is amortized to interest income based on the expected timing of completion of the decommissioning activities. The Company recorded interest income related to notes receivable of $3.1 million and $2.9 million for the nine months ended September 30, 2019 and 2018, respectively.

Debt

9 Months Ended

Sep. 30, 2019

Debt [Abstract]

Debt

(5)Debt

The Company’s outstanding debt is as follows (in thousands):



		September 30, 2019		December 31, 2018
	Stated Interest Rate (%)	Long-term
Senior unsecured notes due September 2024	7.750	$	500,000	$	500,000
Senior unsecured notes due December 2021	7.125		800,000		800,000
Total debt, gross			1,300,000		1,300,000
Unamortized debt issuance costs			(14,245)		(17,079)
Total debt, net		$	1,285,755	$	1,282,921

Credit Facility

The Company has an asset-based revolving credit facility which matures in October 2022. The borrowing base under the credit facility is calculated based on a formula referencing the borrower’s and the subsidiary guarantors’ eligible accounts receivable, eligible inventory and eligible premium rental drill pipe less reserves. Availability under the credit facility is the lesser of (i) the commitments, (ii) the borrowing base and (iii) the highest principal amount permitted to be secured under the indenture governing the 7.125% senior unsecured notes due 2021. On September 20, 2019, the Company amended its credit facility to increase the letter of credit capacity from $100.0 million to $150.0 million. At September 30, 2019, the borrowing base was $229.6 million and the Company had $83.1 million of letters of credit outstanding that reduced its borrowing availability under the revolving credit facility. The credit agreement contains various covenants, including, but not limited to, limitations on the incurrence of indebtedness, permitted investments, liens on assets, making distributions, transactions with affiliates, merger, consolidations, dispositions of assets and other provisions customary in similar types of agreements.

Senior Unsecured Notes

The Company has outstanding $500 million of senior unsecured notes due September 2024. The indenture governing the 7.75% senior unsecured notes due 2024 requires semi-annual interest payments on March 15 and September 15 of each year through the maturity date of September 15, 2024.

The Company also has outstanding $800 million of senior unsecured notes due December 2021. The indenture governing the 7.125% senior unsecured notes due 2021 requires semi-annual interest payments on June 15 and December 15of each year through the maturity date of December 15, 2021.

Decommissioning Liabilities

9 Months Ended

Sep. 30, 2019

Decommissioning Liabilities [Abstract]

Decommissioning Liabilities

(6)Decommissioning Liabilities

The Company’s decommissioning liabilities associated with an oil and gas property and its related assets include liabilities related to the plugging of wells, removal of the related platform and equipment, and site restoration. The Company reviews the adequacy of its decommissioning liabilities whenever indicators suggest that the estimated cash flows and/or relating timing needed to satisfy the liability have changed materially. The Company had decommissioning liabilities of $134.9 million and $130.1 million at September 30, 2019 and December 31, 2018, respectively.

Leases

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Leases

(7) Leases

Adoption of ASU 2016-02, Leases

The Company adopted the new standard on January 1, 2019 and used the effective date as the date of initial application. Therefore, prior period financial information has not been adjusted and continues to be reflected in accordance with the Company’s historical accounting policy. The standard establishes a right-of-use (ROU) model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months.

The standard provides a number of optional practical expedients in transition. The Company elected the “package of practical expedients,” which, among other things, allows the Company to carry forward its historical lease classification.

The adoption of this standard resulted in the recording of operating lease assets and operating lease liabilities of approximately $100.0 million as of January 1, 2019, with no related impact on the Company’s condensed consolidated statement of equity or condensed consolidated statement of operations. Short-term leases have not been recorded on the balance sheet.

Accounting Policy for Leases

The Company determines if an arrangement is a lease at inception. All of the Company’s leases are operating leases and are included in ROU assets, accounts payable and operating lease liabilities in the condensed consolidated balance sheet.

ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligations to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the respective lease term. The Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company’s lease terms may include options to extend or terminate the lease.

Overview

The Company’s operating leases are primarily for real estate, machinery and equipment, and vehicles. The terms and conditions for these leases vary by the type of underlying asset. Total operating lease expense was as follows (in thousands):



	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Long-term fixed lease expense	$	10,105	$	29,433
Long-term variable lease expense		400		1,640
Short-term lease expense		3,355		13,356
Total operating lease expense	$	13,860	$	44,429

For the three and nine months ended September 30, 2018, total operating lease expense was $13.5 million and $40.4 million, respectively.

Supplemental Balance Sheet Information

Operating leases were as follows (in thousands):



	September 30, 2019
Operating lease ROU assets	$	96,190

Accrued expenses	$	26,368
Operating lease liabilities		76,255
Total operating lease liabilities	$	102,623

Cash paid for operating leases	$	26,242
ROU assets obtained in exchange for lease obligations	$	21,045

Weighted average remaining lease term		9 years
Weighted average discount rate		6.75%

Maturities of operating lease liabilities at September 30, 2019 are as follows (in thousands):



Remainder of 2019	$ 8,976
2020	30,144
2021	22,142
2022	13,955
2023	10,258
Thereafter	54,745
Total lease payments	140,220
Less imputed interest	(37,597)
Total	$ 102,623

At December 31, 2018, future minimum lease payments under long-term leases for the five years ending December 31, 2019 through 2023 and thereafter are as follows: $30.8 million, $24.3 million, $16.6 million, $9.8 million and $6.9 million and $37.8 million, respectively.

Fair Value Measurements

9 Months Ended

Sep. 30, 2019

Fair Value Measurements [Abstract]

Fair Value Measurements

(8) Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs used in determining fair value are characterized according to a hierarchy that prioritizes those inputs based on the degree to which they are observable. The three input levels of the fair value hierarchy are as follows.

Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities.

Level 2: Observable inputs other than those included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical assets or liabilities in inactive markets; or model-derived valuations or other inputs that can be corroborated by observable market data.

Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability.

The following tables provide a summary of the financial assets and liabilities measured at fair value on a recurring basis (in thousands):




	Fair Value at September 30, 2019
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	-	$	14,741	$	-	$	14,741
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	1,243	$	-	$	1,243
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	22,224	$	-	$	22,224
Total debt	$	857,750	$	-	$	-	$	857,750

	Fair Value at December 31, 2018
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	376	$	12,930	$	-	$	13,306
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	1,138	$	-	$	1,138
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	19,766	$	-	$	19,766
Total debt	$	1,084,711	$	-	$	-	$	1,084,711

The Company’s non-qualified deferred compensation plans allow officers, certain highly compensated employees and non-employee directors to defer receipt of a portion of their compensation and contribute such amounts to one or more hypothetical investment funds. These investments are reported at fair value based on unadjusted quoted prices in active markets for identifiable assets and observable inputs for similar assets and liabilities, which represent Levels 1 and 2, respectively, in the fair value hierarchy.

The carrying amount of cash equivalents, accounts receivable, accounts payable and accrued expenses, as reflected in the condensed consolidated balance sheets, approximates fair value due to the short maturities. The fair value of the debt instruments is determined by reference to the market value of such instruments as quoted in an over-the-counter market, which represents Level 1 in the fair value hierarchy.

The following table reflects the fair value measurements used in testing the impairment of long-lived assets (in thousands):

Fair value is measured as of impairment date using Level 3 inputs. See Note 10 for a discussion of the reduction in value of assets recorded during the nine months ended September 30, 2019.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Segment Information

9 Months Ended

Sep. 30, 2019

Segment Information [Abstract]

Segment Information

(9) Segment Information

Business Segments

The Drilling Products and Services segment rents and sells premium drill pipe, bottom hole assemblies, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities. It also provides on-site accommodations and machining services. The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a variety of well completion, workover and maintenance services. The Production Services segment provides intervention services such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services, well plug and abandonment services and the production and sale of oil and gas.

The Company evaluates the performance of its reportable segments based on income or loss from operations excluding corporate expenses. The segment measure is calculated as follows: segment revenues less segment operating expenses, depreciation, depletion, amortization and accretion expense and reduction in value of assets. The Company uses this segment measure to evaluate its reportable segments because it is the measure that is most consistent with how the Company organizes and manages its business operations. Corporate and other costs primarily include expenses related to support functions, salaries and benefits for corporate employees and stock-based compensation expense.

Summarized financial information for the Company’s segments is as follows (in thousands):



Three Months Ended September 30, 2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	111,185	$	145,105	$	98,787	$	70,640	$	-	$	425,717
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		38,663		123,617		82,556		49,370		-		294,206
Depreciation, depletion, amortization
and accretion		20,168		29,080		12,063		4,909		1,169		67,389
General and administrative expenses		14,363		10,046		2,905		14,935		20,519		62,768
Reduction in value of assets		-		566		1,997		7,008		-		9,571
Income (loss) from operations		37,991		(18,204)		(734)		(5,582)		(21,688)		(8,217)
Interest income (expense), net		-		-		-		1,051		(25,556)		(24,505)
Other income		-		-		-		-		(3,353)		(3,353)
Income (loss) from continuing operations
before income taxes	$	37,991	$	(18,204)	$	(734)	$	(4,531)	$	(50,597)	$	(36,075)



Three Months Ended September 30, 2018

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	99,184	$	294,869	$	105,870	$	73,145	$	-	$	573,068
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		37,328		239,348		84,312		43,401		-		404,389
Depreciation, depletion, amortization
and accretion		27,830		47,299		17,085		6,329		1,349		99,892
General and administrative expenses		13,771		5,455		10,471		14,453		24,745		68,895
Income (loss) from operations		20,255		2,767		(5,998)		8,962		(26,094)		(108)
Interest income (expense), net		-		-		-		986		(25,938)		(24,952)
Other expense		-		-		-		-		(277)		(277)
Income (loss) from continuing operations
before income taxes	$	20,255	$	2,767	$	(5,998)	$	9,948	$	(52,309)	$	(25,337)



Nine Months Ended September 30, 2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	312,946	$	513,638	$	305,239	$	197,385	$	-	$	1,329,208
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		118,732		436,400		240,855		124,810		-		920,797
Depreciation, depletion, amortization
and accretion		64,684		100,210		39,375		17,198		3,579		225,046
General and administrative expenses		44,173		29,626		18,687		46,394		69,717		208,597
Reduction in value of assets		-		31,947		1,997		7,008		-		40,952
Income/(loss) from operations		85,357		(84,545)		4,325		1,975		(73,296)		(66,184)
Interest income (expense), net		-		-		-		3,104		(77,379)		(74,275)
Other expense		-		-		-		-		(4,476)		(4,476)
Income/(loss) from continuing operations
before income taxes	$	85,357	$	(84,545)	$	4,325	$	5,079	$	(155,151)	$	(144,935)



Nine Months Ended September 30, 2018

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	278,419	$	802,600	$	308,591	$	201,324	$	-	$	1,590,934
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		108,997		630,205		255,377		123,080		-		1,117,659
Depreciation, depletion, amortization
and accretion		86,061		142,377		50,668		20,332		4,146		303,584
General and administrative expenses		40,138		29,783		29,760		41,836		73,094		214,611
Income (loss) from operations		43,223		235		(27,214)		16,076		(77,240)		(44,920)
Interest income (expense), net		-		-		-		2,913		(77,646)		(74,733)
Other expense		-		-		-		-		(4,394)		(4,394)
Income (loss) from continuing operations
before income taxes	$	43,223	$	235	$	(27,214)	$	18,989	$	(159,280)	$	(124,047)



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
September 30, 2019	$	663,515	$	607,947	$	420,208	$	361,434	$	70,647	$	2,123,751
December 31, 2018	$	587,264	$	808,037	$	434,430	$	340,161	$	46,070	$	2,215,962

During the nine months ended September 30, 2019, the Company sold its drilling rig service line, which was previously included in the Onshore Completion and Workover Services segment. This service line included twelve active U.S. land based drilling rigs and associated equipment with a carrying value of $66.2 million. The Company received $78.0 million in cash proceeds and recognized a $0.2 million loss on sale of assets. In addition, the Company recorded a $7.5 million impairment of the intangibles associated with the disposed assets.

Geographic Segments

The Company attributes revenue to various countries based on the location of where services are performed or the destination of the drilling products or equipment sold or rented. Long-lived assets consist primarily of property, plant and equipment and are attributed to various countries based on the physical location of the asset at the end of a period. The Company’s revenue attributed to the U.S. and to other countries and the value of its long-lived assets by those locations are as follows (in thousands):



Revenues
	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
United States	$	324,559	$	486,912	$	1,045,615	$	1,342,125
Other countries		101,158		86,156		283,593		248,809
Total	$	425,717	$	573,068	$	1,329,208	$	1,590,934

Long-Lived Assets

	September 30, 2019		December 31, 2018
United States	$	712,661	$	903,520
Other countries		178,879		205,606
Total	$	891,540	$	1,109,126

Reduction in Value of Assets

9 Months Ended

Sep. 30, 2019

Reduction in Value of Assets [Abstract]

Reduction in Value of Assets

(10)Reduction in Value of Assets

Long-lived assets, such as property, plant and equipment and purchased intangibles subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of assets to be held and used is assessed by a comparison of the carrying amount of such assets to their fair value calculated, in part, by the estimated undiscounted future cash flows expected to be generated by the assets. Cash flow estimates are based upon, among other things, historical results adjusted to reflect the best estimate of future market rates, utilization levels, and operating performance. Estimates of cash flows may differ from actual cash flows due to, among other things, changes in economic conditions or changes in an asset’s operating performance. The Company’s assets are grouped by line of business or division for the impairment testing, which represent the lowest level of identifiable cash flows. If the asset grouping’s fair value is less than the carrying amount of the asset grouping, impairment losses are recorded in the amount by which the carrying amount of asset grouping exceeds the fair value. The estimate of fair value represents the Company’s best estimate based on industry trends and reference to market transactions and is subject to variability.

During the three and nine months ended September 30, 2019, the Company recorded an estimated $9.6 million and $41.0 million, respectively, in connection with the reduction in value of its long-lived assets. The reduction in value of assets was primarily related to reduction in value of certain intangibles in the Onshore Completion and Workover Services segment and long-lived assets in the Technical Solutions segment.

Stock-Based Compensation Plans	9 Months Ended
Stock-Based Compensation Plans	Sep. 30, 2019
Stock-Based Compensation Plans [Abstract]
Stock-Based Compensation Plans	(11)Stock-Based Compensation Plans The Company maintains various stock incentive plans that provide long-term incentives to the Company’s key employees, including officers, directors, consultants and advisors (Eligible Participants). Under the stock incentive plans, the Company may grant incentive stock options, restricted stock, restricted stock units, stock appreciation rights, other stock-based awards or any combination thereof to Eligible Participants. The Company’s total compensation expense related to these plans was approximately $13.9 million and $22.8 million for the nine months ended September 30, 2019 and 2018, respectively, which is reflected in general and administrative expenses.

Income Taxes

9 Months Ended

Sep. 30, 2019

Income Taxes [Abstract]

Income Taxes

(12) Income Taxes

The Company had $30.6 million of unrecorded tax benefits as of September 30, 2019 and December 31, 2018, all of which would impact the Company’s effective tax rate if recognized. It is the Company’s policy to recognize interest and applicable penalties, if any, related to uncertain tax positions in income tax expense.

Earnings Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

(13) Earnings per Share

Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in the same manner as basic earnings per share except that

the denominator is increased to include the number of additional common shares that could have been outstanding assuming the exercise of stock options and the conversion of restricted stock units.

The Company incurred a loss from continuing operations for the three and nine months ended September 30, 2019 and 2018; therefore the impact of any incremental shares would be anti-dilutive.

Contingencies

9 Months Ended

Sep. 30, 2019

Contingencies [Abstract]

Contingencies

(14) Contingencies

Due to the nature of the Company’s business, the Company is involved, from time to time, in routine litigation or subject to disputes or claims regarding its business activities. Legal costs related to these matters are expensed as incurred. In management’s opinion, none of the pending litigation, disputes or claims is expected to have a material adverse effect on the Company’s financial condition, results of operations or liquidity.

A subsidiary of the Company is involved in legal proceedings with two employees regarding the payment of royalties for a patentable product developed by them. On April 2, 2018, the employees filed a lawsuit in the Harris County District Court alleging that the royalty payments they had received since 2010 should have been higher. In May 2019, the jury issued a verdict in favor of the plaintiffs. On October 25, 2019, the court issued a final judgment against the Company. The Company strongly disagrees with the verdict and believes the district court committed several legal errors that should result in a reversal or remand of the case by the Court of Appeals. The ultimate resolution of this matter could result in a loss of up to $11.0 million in excess of amounts accrued.

Supplemental Guarantor Information

9 Months Ended

Sep. 30, 2019

Supplemental Guarantor Information [Abstract]

Supplemental Guarantor Information

(15) Supplemental Guarantor Information

SESI, L.L.C. (the Issuer), a 100% owned subsidiary of Superior Energy Services, Inc. (Parent), has $500 million of 7.75% senior unsecured notes due 2024. The Parent, along with certain of its 100% owned domestic subsidiaries, fully and unconditionally guaranteed such senior unsecured notes, and such guarantees are joint and several.

‎



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	187,979	$	1,341	$	70,569	$	-	$	259,889
Accounts receivable, net		-		30		280,704		87,796		-		368,530
Other current assets		-		8,592		133,669		62,339		-		204,600
Total current assets		-		196,601		415,714		220,704		-		833,019

Property, plant and equipment, net		-		11,372		722,830		157,338		-		891,540
Operating lease right-of-use assets		-		22,530		57,334		16,326		-		96,190
Goodwill		-		-		80,544		55,378		-		135,922
Notes receivable		-		-		67,042		-		-		67,042
Long-term intercompany accounts receivable		2,256,701		1,111,335		3,491,267		218,291		(7,077,594)		-
Intercompany notes receivable		-		1,200		-		6,000		(7,200)		-
Equity investments of consolidated subsidiaries		(2,113,614)		3,701,545		7,764		-		(1,595,695)		-
Restricted cash		-		-		2,708		45		-		2,753
Intangible and other long-term assets, net		-		19,203		71,239		6,843		-		97,285
Total assets	$	143,087	$	5,063,786	$	4,916,442	$	680,925	$	(8,680,489)	$	2,123,751

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	-	$	8,986	$	67,127	$	34,285	$	-	$	110,398
Accrued expenses		-		80,810		104,122		35,691		-		220,623
Income taxes payable		-		(717)		-		4,559		-		3,842
Current portion of decommissioning liabilities		-		-		-		3,621		-		3,621
Total current liabilities		-		89,079		171,249		78,156		-		338,484

Long-term debt, net		-		1,285,755		-		-		-		1,285,755
Deferred income taxes		-		(149,512)		145,416		4,096		-		-
Decommissioning liabilities		-		-		131,263		-		-		131,263
Operating lease liabilities		-		23,093		42,009		11,153		-		76,255
Long-term intercompany accounts payable		-		5,876,786		1,082,435		118,373		(7,077,594)		-
Intercompany notes payable		-		6,000		-		1,200		(7,200)		-
Other long-term liabilities		-		46,199		76,510		26,198		-		148,907
Total stockholders' equity (deficit)		143,087		(2,113,614)		3,267,560		441,749		(1,595,695)		143,087
Total liabilities and stockholders' equity	$	143,087	$	5,063,786	$	4,916,442	$	680,925	$	(8,680,489)	$	2,123,751



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
December 31, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	102,224	$	707	$	55,119	$	-	$	158,050
Accounts receivable, net		-		160		367,497		79,696		-		447,353
Intercompany accounts receivable		-		12,279		74,906		3,489		(90,674)		-
Other current assets		-		12,805		111,560		43,137		-		167,502
Total current assets		-		127,468		554,670		181,441		(90,674)		772,905

Property, plant and equipment, net		-		10,129		920,978		178,019		-		1,109,126
Goodwill		-		-		80,544		56,244		-		136,788
Notes receivable		-		-		63,993		-		-		63,993
Long-term intercompany accounts receivable		2,243,431		-		1,991,912		182,284		(4,417,627)		-
Equity investments of consolidated subsidiaries		(1,952,647)		3,754,887		5,992		-		(1,808,232)		-
Restricted cash		-		-		5,653		45		-		5,698
Intangible and other long-term assets, net		-		19,255		100,847		7,350		-		127,452
Total assets	$	290,784	$	3,911,739	$	3,724,589	$	605,383	$	(6,316,533)	$	2,215,962

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	-	$	8,807	$	109,903	$	20,615	$	-	$	139,325
Accrued expenses		45		102,845		86,926		29,364		-		219,180
Income taxes payable		-		1,237		-		(503)		-		734
Intercompany accounts payable		-		724		6,869		83,081		(90,674)		-
Current portion of decommissioning liabilities		-		-		-		3,538		-		3,538
Total current liabilities		45		113,613		203,698		136,095		(90,674)		362,777

Long-term debt, net		-		1,282,921		-		-		-		1,282,921
Decommissioning liabilities		-		-		126,558		-		-		126,558
Long-term intercompany accounts payable		-		4,417,627		-		-		(4,417,627)		-
Other long-term liabilities		-		50,225		76,543		26,199		-		152,967
Total stockholders' equity (deficit)		290,739		(1,952,647)		3,317,790		443,089		(1,808,232)		290,739
Total liabilities and stockholders' equity	$	290,784	$	3,911,739	$	3,724,589	$	605,383	$	(6,316,533)	$	2,215,962



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Three Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	352,158		80,018		(6,459)	$	425,717
Cost of services and rentals (exclusive of depreciation,
depletion, amortization and accretion)		-		(1,373)		245,743		56,295		(6,459)		294,206
Depreciation, depletion, amortization and
accretion		-		907		57,143		9,339		-		67,389
General and administrative expenses		-		16,581		35,320		10,867		-		62,768
Reduction in value of assets		-		-		9,571		-		-		9,571
Income (loss) from operations		-		(16,115)		4,381		3,517		-		(8,217)

Other income (expense):
Interest income (expense), net		-		(25,911)		1,364		42		-		(24,505)
Intercompany interest income (expense)		-		(42)		-		42		-		-
Other income (expense)		-		(132)		411		(3,632)		-		(3,353)
Equity in losses of consolidated subsidiaries		(38,441)		(5,124)		(2,544)		-		46,109		-
Income (loss) from operations before income taxes		(38,441)		(47,324)		3,612		(31)		46,109		(36,075)
Income taxes		-		(8,883)		9,729		1,520		-		2,366
Net income (loss)		(38,441)		(38,441)		(6,117)		(1,551)		46,109		(38,441)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Three Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(38,441)	$	(38,441)	$	(6,117)	$	(1,551)	$	46,109	$	(38,441)
Change in cumulative translation adjustment, net of tax		(2,967)		(2,967)		-		(2,967)		5,934		(2,967)
Comprehensive loss	$	(41,408)	$	(41,408)	$	(6,117)	$	(4,518)	$	52,043	$	(41,408)



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Three Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	511,510	$	66,428	$	(4,870)	$	573,068
Cost of services and rentals (exclusive of depreciation,
depletion, amortization and accretion)		-		(793)		366,568		43,484		(4,870)		404,389
Depreciation, depletion, amortization and
accretion		-		965		87,973		10,954		-		99,892
General and administrative expenses		-		23,959		34,726		10,210		-		68,895
Income (loss) from operations		-		(24,131)		22,243		1,780		-		(108)

Other income (expense):
Interest income (expense), net		-		(26,024)		993		79		-		(24,952)
Other income (expense)		-		(356)		264		(185)		-		(277)
Equity in earnings (losses) of consolidated subsidiaries		(21,816)		19,182		(53)		-		2,687		-
Income (loss) from continuing operations before income taxes		(21,816)		(31,329)		23,447		1,674		2,687		(25,337)
Income taxes		-		(9,513)		5,260		732		-		(3,521)
Net income (loss)	$	(21,816)	$	(21,816)	$	18,187	$	942	$	2,687	$	(21,816)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Three Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(21,816)	$	(21,816)	$	18,187	$	942	$	2,687	$	(21,816)
Change in cumulative translation adjustment, net of tax		(826)		(826)		-		(826)		1,652		(826)
Comprehensive income (loss)	$	(22,642)	$	(22,642)	$	18,187	$	116	$	4,339	$	(22,642)



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Nine Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,108,641	$	238,154	$	(17,587)	$	1,329,208
Cost of services and rentals (exclusive of depreciation,
depletion, amortization and accretion)		-		(8,244)		784,396		162,232		(17,587)		920,797
Depreciation, depletion, amortization and
accretion		-		2,780		193,503		28,763		-		225,046
General and administrative expenses		-		64,319		109,983		34,295		-		208,597
Reduction in value of assets		-		-		40,952		-		-		40,952
Income (loss) from operations		-		(58,855)		(20,193)		12,864		-		(66,184)

Other income (expense):
Interest income (expense), net		-		(78,195)		3,836		84		-		(74,275)
Intercompany interest income (expense)				(67)		-		67
Other income (expense)		-		(1,207)		(799)		(2,470)		-		(4,476)
Equity in earnings (losses) of consolidated subsidiaries		(157,196)		(49,523)		(1,820)		-		208,539		-
Income (loss) from continuing operations before income taxes		(157,196)		(187,847)		(18,976)		10,545		208,539		(144,935)
Income taxes		-		(30,651)		34,891		8,021		-		12,261
Net income (loss)	$	(157,196)	$	(157,196)	$	(53,867)	$	2,524	$	208,539	$	(157,196)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Nine Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(157,196)	$	(157,196)	$	(53,867)	$	2,524	$	208,539	$	(157,196)
Change in cumulative translation adjustment, net of tax		(3,810)		(3,810)		-		(3,810)		7,620		(3,810)
Comprehensive income (loss)	$	(161,006)	$	(161,006)	$	(53,867)	$	(1,286)	$	216,159	$	(161,006)



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Nine Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,420,368	$	192,976	$	(22,410)	$	1,590,934
Cost of services and rentals (exclusive of depreciation,
depletion, amortization and accretion)		-		(6,382)		1,011,801		134,650		(22,410)		1,117,659
Depreciation, depletion, amortization and
accretion		-		2,974		266,188		34,422		-		303,584
General and administrative expenses		-		70,721		109,083		34,807		-		214,611
Loss from operations		-		(67,313)		33,296		(10,903)		-		(44,920)

Other income (expense):
Interest expense, net		-		(77,778)		2,940		105		-		(74,733)
Other income (expense)		-		(608)		802		(4,588)		-		(4,394)
Equity in losses of consolidated subsidiaries		(107,930)		13,073		(421)		-		95,278		-
Loss from continuing operations before income taxes		(107,930)		(132,626)		36,617		(15,386)		95,278		(124,047)
Income taxes		-		(24,696)		7,185		665		-		(16,846)
Net loss from continuing operations		(107,930)		(107,930)		29,432		(16,051)		95,278		(107,201)
Loss from discontinued operations, net of income taxes		-		-		-		(729)		-		(729)
Net loss	$	(107,930)	$	(107,930)	$	29,432	$	(16,780)	$	95,278	$	(107,930)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Nine Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(107,930)	$	(107,930)	$	29,432	$	(16,780)	$	95,278	$	(107,930)
Change in cumulative translation adjustment, net of tax		(3,491)		(3,491)		-		(3,491)		6,982		(3,491)
Comprehensive income (loss)	$	(111,421)	$	(111,421)	$	29,432	$	(20,271)	$	102,260	$	(111,421)



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	14,295	$	(272,879)	$	350,633	$	24,455	$	116,504

Cash flows from investing activities:
Payments for capital expenditures		-		(5,514)		(94,757)		(5,122)		(105,393)
Proceeds from sales of assets		-		-		90,696		-		90,696
Net cash provided by (used in) investing activities		-		(5,514)		(4,061)		(5,122)		(14,697)

Cash flows from financing activities:
Changes in notes with affiliated companies, net		(13,270)		364,179		(348,883)		(2,026)		-
Other		(1,025)		(31)		-		-		(1,056)
Net cash provided by (used in) financing activities		(14,295)		364,148		(348,883)		(2,026)		(1,056)
Effect of exchange rate changes on cash		-		-		-		(1,857)		(1,857)
Net change in cash, cash equivalents, and restricted cash		-		85,755		(2,311)		15,450		98,894

Cash, cash equivalents, and restricted cash at beginning of period		-		102,224		6,360		55,164		163,748
Cash, cash equivalents, and restricted cash at end of period	$	-	$	187,979	$	4,049	$	70,614	$	262,642



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	18,290	$	(118,313)	$	174,198	$	23,450	$	(14,269)	$	83,356

Cash flows from investing activities:
Payments for capital expenditures		-		(1,509)		(175,524)		(9,250)		-		(186,283)
Proceeds from sales of assets		-		-		16,226		13,369		-		29,595
Net cash provided by (used in) investing activities		-		(1,509)		(159,298)		4,119		-		(156,688)

Cash flows from financing activities:
Intercompany dividends		-		-		-		(14,269)		14,269		-
Changes in notes with affiliated companies, net		(14,775)		31,469		(26,644)		9,950		-		-
Other		(3,515)		(435)		-		-		-		(3,950)
Net cash provided by (used in) financing activities		(18,290)		31,034		(26,644)		(4,319)		14,269		(3,950)
Effect of exchange rate changes on cash		-		-		-		(1,834)		-		(1,834)
Net change in cash, cash equivalents, and restricted cash		-		(88,788)		(11,744)		21,416		-		(79,116)

Cash, cash equivalents, and restricted cash at beginning of period		-		126,533		20,923		45,027		-		192,483
Cash, cash equivalents, and restricted cash at end of period	$	-	$	37,745	$	9,179	$	66,443	$	-	$	113,367

Revenue (Tables)

9 Months Ended

Sep. 30, 2019

Revenue [Abstract]

Disaggregation Of Revenues



	Three Months Ended September 30,				Nine Months Ended September 30,
		2019		2018		2019		2018
U.S. land
Drilling Products and Services	$	46,590	$	45,605	$	142,073	$	129,716
Onshore Completion and Workover Services		145,105		294,869		513,638		802,600
Production Services		32,620		47,858		112,095		148,259
Technical Solutions		7,283		8,453		32,589		23,144
Total U.S. land	$	231,598	$	396,785	$	800,395	$	1,103,719

U.S. offshore
Drilling Products and Services	$	33,895	$	26,065	$	91,048	$	70,315
Onshore Completion and Workover Services		-		-		-		-
Production Services		18,295		16,776		58,977		47,910
Technical Solutions		40,771		47,286		95,195		120,181
Total U.S. offshore	$	92,961	$	90,127	$	245,220	$	238,406

International
Drilling Products and Services	$	30,700	$	27,514	$	79,825	$	78,388
Onshore Completion and Workover Services		-		-		-		-
Production Services		47,872		41,236		134,167		112,422
Technical Solutions		22,586		17,406		69,601		57,999
Total International	$	101,158	$	86,156	$	283,593	$	248,809
Total Revenues	$	425,717	$	573,068	$	1,329,208	$	1,590,934

The following table presents the Company’s revenues by segment disaggregated by type (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
		2019		2018		2019		2018
Services
Drilling Products and Services	$	32,471	$	24,083	$	91,640	$	75,549
Onshore Completion and Workover Services		136,154		284,187		484,965		771,605
Production Services		89,571		97,551		280,171		285,843
Technical Solutions		67,750		65,397		189,612		184,801
Total services	$	325,946	$	471,218	$	1,046,388	$	1,317,798

Rentals
Drilling Products and Services	$	78,714	$	75,101	$	221,306	$	202,870
Onshore Completion and Workover Services		8,951		10,682		28,673		30,995
Production Services		9,216		8,319		25,068		22,748
Technical Solutions		2,890		7,748		7,773		16,523
Total rentals	$	99,771	$	101,850	$	282,820	$	273,136
Total Revenues	$	425,717	$	573,068	$	1,329,208	$	1,590,934

Inventory (Tables)

9 Months Ended

Sep. 30, 2019

Inventory [Abstract]

Components Of Inventory



	September 30, 2019		December 31, 2018
Finished goods	$	62,301	$	54,144
Raw materials		16,758		16,795
Work-in-process		9,504		5,544
Supplies and consumables		34,957		30,822
Total	$	123,520	$	107,305

Debt (Tables)

9 Months Ended

Sep. 30, 2019

Debt [Abstract]

Schedule Of Long Term Debt



		September 30, 2019		December 31, 2018
	Stated Interest Rate (%)	Long-term
Senior unsecured notes due September 2024	7.750	$	500,000	$	500,000
Senior unsecured notes due December 2021	7.125		800,000		800,000
Total debt, gross			1,300,000		1,300,000
Unamortized debt issuance costs			(14,245)		(17,079)
Total debt, net		$	1,285,755	$	1,282,921

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Operating Lease Expense



	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Long-term fixed lease expense	$	10,105	$	29,433
Long-term variable lease expense		400		1,640
Short-term lease expense		3,355		13,356
Total operating lease expense	$	13,860	$	44,429

Supplemental Balance Sheet Information



	September 30, 2019
Operating lease ROU assets	$	96,190

Accrued expenses	$	26,368
Operating lease liabilities		76,255
Total operating lease liabilities	$	102,623

Cash paid for operating leases	$	26,242
ROU assets obtained in exchange for lease obligations	$	21,045

Weighted average remaining lease term		9 years
Weighted average discount rate		6.75%

Maturities Of Operating Lease Liabilities



Remainder of 2019	$ 8,976
2020	30,144
2021	22,142
2022	13,955
2023	10,258
Thereafter	54,745
Total lease payments	140,220
Less imputed interest	(37,597)
Total	$ 102,623

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Measurements [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis




	Fair Value at September 30, 2019
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	-	$	14,741	$	-	$	14,741
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	1,243	$	-	$	1,243
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	22,224	$	-	$	22,224
Total debt	$	857,750	$	-	$	-	$	857,750

	Fair Value at December 31, 2018
	Level 1		Level 2		Level 3		Total
Intangible and other long-term assets, net:
Non-qualified deferred compensation assets	$	376	$	12,930	$	-	$	13,306
Accounts payable:
Non-qualified deferred compensation liabilities	$	-	$	1,138	$	-	$	1,138
Other long-term liabilities:
Non-qualified deferred compensation liabilities	$	-	$	19,766	$	-	$	19,766
Total debt	$	1,084,711	$	-	$	-	$	1,084,711

Fair Value Measurements Used In Testing

Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Information [Abstract]

Schedule Of Segment Reporting Information



Three Months Ended September 30, 2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	111,185	$	145,105	$	98,787	$	70,640	$	-	$	425,717
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		38,663		123,617		82,556		49,370		-		294,206
Depreciation, depletion, amortization
and accretion		20,168		29,080		12,063		4,909		1,169		67,389
General and administrative expenses		14,363		10,046		2,905		14,935		20,519		62,768
Reduction in value of assets		-		566		1,997		7,008		-		9,571
Income (loss) from operations		37,991		(18,204)		(734)		(5,582)		(21,688)		(8,217)
Interest income (expense), net		-		-		-		1,051		(25,556)		(24,505)
Other income		-		-		-		-		(3,353)		(3,353)
Income (loss) from continuing operations
before income taxes	$	37,991	$	(18,204)	$	(734)	$	(4,531)	$	(50,597)	$	(36,075)



Three Months Ended September 30, 2018

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	99,184	$	294,869	$	105,870	$	73,145	$	-	$	573,068
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		37,328		239,348		84,312		43,401		-		404,389
Depreciation, depletion, amortization
and accretion		27,830		47,299		17,085		6,329		1,349		99,892
General and administrative expenses		13,771		5,455		10,471		14,453		24,745		68,895
Income (loss) from operations		20,255		2,767		(5,998)		8,962		(26,094)		(108)
Interest income (expense), net		-		-		-		986		(25,938)		(24,952)
Other expense		-		-		-		-		(277)		(277)
Income (loss) from continuing operations
before income taxes	$	20,255	$	2,767	$	(5,998)	$	9,948	$	(52,309)	$	(25,337)



Nine Months Ended September 30, 2019

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	312,946	$	513,638	$	305,239	$	197,385	$	-	$	1,329,208
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		118,732		436,400		240,855		124,810		-		920,797
Depreciation, depletion, amortization
and accretion		64,684		100,210		39,375		17,198		3,579		225,046
General and administrative expenses		44,173		29,626		18,687		46,394		69,717		208,597
Reduction in value of assets		-		31,947		1,997		7,008		-		40,952
Income/(loss) from operations		85,357		(84,545)		4,325		1,975		(73,296)		(66,184)
Interest income (expense), net		-		-		-		3,104		(77,379)		(74,275)
Other expense		-		-		-		-		(4,476)		(4,476)
Income/(loss) from continuing operations
before income taxes	$	85,357	$	(84,545)	$	4,325	$	5,079	$	(155,151)	$	(144,935)



Nine Months Ended September 30, 2018

			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
Revenues	$	278,419	$	802,600	$	308,591	$	201,324	$	-	$	1,590,934
Cost of services and rentals (exclusive of
depreciation, depletion, amortization and accretion)		108,997		630,205		255,377		123,080		-		1,117,659
Depreciation, depletion, amortization
and accretion		86,061		142,377		50,668		20,332		4,146		303,584
General and administrative expenses		40,138		29,783		29,760		41,836		73,094		214,611
Income (loss) from operations		43,223		235		(27,214)		16,076		(77,240)		(44,920)
Interest income (expense), net		-		-		-		2,913		(77,646)		(74,733)
Other expense		-		-		-		-		(4,394)		(4,394)
Income (loss) from continuing operations
before income taxes	$	43,223	$	235	$	(27,214)	$	18,989	$	(159,280)	$	(124,047)

Schedule Of Identifiable Assets



Identifiable Assets
			Onshore
	Drilling		Completion
	Products and		and Workover		Production		Technical		Corporate and		Consolidated
	Services		Services		Services		Solutions		Other		Total
September 30, 2019	$	663,515	$	607,947	$	420,208	$	361,434	$	70,647	$	2,123,751
December 31, 2018	$	587,264	$	808,037	$	434,430	$	340,161	$	46,070	$	2,215,962

Revenue By Geographic Area



Revenues
	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
United States	$	324,559	$	486,912	$	1,045,615	$	1,342,125
Other countries		101,158		86,156		283,593		248,809
Total	$	425,717	$	573,068	$	1,329,208	$	1,590,934

Long-Lived Assets

	September 30, 2019		December 31, 2018
United States	$	712,661	$	903,520
Other countries		178,879		205,606
Total	$	891,540	$	1,109,126

Supplemental Guarantor Information (Tables)

9 Months Ended

Sep. 30, 2019

Supplemental Guarantor Information [Abstract]

Condensed Consolidating Balance Sheets



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	187,979	$	1,341	$	70,569	$	-	$	259,889
Accounts receivable, net		-		30		280,704		87,796		-		368,530
Other current assets		-		8,592		133,669		62,339		-		204,600
Total current assets		-		196,601		415,714		220,704		-		833,019

Property, plant and equipment, net		-		11,372		722,830		157,338		-		891,540
Operating lease right-of-use assets		-		22,530		57,334		16,326		-		96,190
Goodwill		-		-		80,544		55,378		-		135,922
Notes receivable		-		-		67,042		-		-		67,042
Long-term intercompany accounts receivable		2,256,701		1,111,335		3,491,267		218,291		(7,077,594)		-
Intercompany notes receivable		-		1,200		-		6,000		(7,200)		-
Equity investments of consolidated subsidiaries		(2,113,614)		3,701,545		7,764		-		(1,595,695)		-
Restricted cash		-		-		2,708		45		-		2,753
Intangible and other long-term assets, net		-		19,203		71,239		6,843		-		97,285
Total assets	$	143,087	$	5,063,786	$	4,916,442	$	680,925	$	(8,680,489)	$	2,123,751

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	-	$	8,986	$	67,127	$	34,285	$	-	$	110,398
Accrued expenses		-		80,810		104,122		35,691		-		220,623
Income taxes payable		-		(717)		-		4,559		-		3,842
Current portion of decommissioning liabilities		-		-		-		3,621		-		3,621
Total current liabilities		-		89,079		171,249		78,156		-		338,484

Long-term debt, net		-		1,285,755		-		-		-		1,285,755
Deferred income taxes		-		(149,512)		145,416		4,096		-		-
Decommissioning liabilities		-		-		131,263		-		-		131,263
Operating lease liabilities		-		23,093		42,009		11,153		-		76,255
Long-term intercompany accounts payable		-		5,876,786		1,082,435		118,373		(7,077,594)		-
Intercompany notes payable		-		6,000		-		1,200		(7,200)		-
Other long-term liabilities		-		46,199		76,510		26,198		-		148,907
Total stockholders' equity (deficit)		143,087		(2,113,614)		3,267,560		441,749		(1,595,695)		143,087
Total liabilities and stockholders' equity	$	143,087	$	5,063,786	$	4,916,442	$	680,925	$	(8,680,489)	$	2,123,751



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
December 31, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	102,224	$	707	$	55,119	$	-	$	158,050
Accounts receivable, net		-		160		367,497		79,696		-		447,353
Intercompany accounts receivable		-		12,279		74,906		3,489		(90,674)		-
Other current assets		-		12,805		111,560		43,137		-		167,502
Total current assets		-		127,468		554,670		181,441		(90,674)		772,905

Property, plant and equipment, net		-		10,129		920,978		178,019		-		1,109,126
Goodwill		-		-		80,544		56,244		-		136,788
Notes receivable		-		-		63,993		-		-		63,993
Long-term intercompany accounts receivable		2,243,431		-		1,991,912		182,284		(4,417,627)		-
Equity investments of consolidated subsidiaries		(1,952,647)		3,754,887		5,992		-		(1,808,232)		-
Restricted cash		-		-		5,653		45		-		5,698
Intangible and other long-term assets, net		-		19,255		100,847		7,350		-		127,452
Total assets	$	290,784	$	3,911,739	$	3,724,589	$	605,383	$	(6,316,533)	$	2,215,962

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	-	$	8,807	$	109,903	$	20,615	$	-	$	139,325
Accrued expenses		45		102,845		86,926		29,364		-		219,180
Income taxes payable		-		1,237		-		(503)		-		734
Intercompany accounts payable		-		724		6,869		83,081		(90,674)		-
Current portion of decommissioning liabilities		-		-		-		3,538		-		3,538
Total current liabilities		45		113,613		203,698		136,095		(90,674)		362,777

Long-term debt, net		-		1,282,921		-		-		-		1,282,921
Decommissioning liabilities		-		-		126,558		-		-		126,558
Long-term intercompany accounts payable		-		4,417,627		-		-		(4,417,627)		-
Other long-term liabilities		-		50,225		76,543		26,199		-		152,967
Total stockholders' equity (deficit)		290,739		(1,952,647)		3,317,790		443,089		(1,808,232)		290,739
Total liabilities and stockholders' equity	$	290,784	$	3,911,739	$	3,724,589	$	605,383	$	(6,316,533)	$	2,215,962

Condensed Consolidating Statements of Operations And Comprehensive Income



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Three Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	352,158		80,018		(6,459)	$	425,717
Cost of services and rentals (exclusive of depreciation,
depletion, amortization and accretion)		-		(1,373)		245,743		56,295		(6,459)		294,206
Depreciation, depletion, amortization and
accretion		-		907		57,143		9,339		-		67,389
General and administrative expenses		-		16,581		35,320		10,867		-		62,768
Reduction in value of assets		-		-		9,571		-		-		9,571
Income (loss) from operations		-		(16,115)		4,381		3,517		-		(8,217)

Other income (expense):
Interest income (expense), net		-		(25,911)		1,364		42		-		(24,505)
Intercompany interest income (expense)		-		(42)		-		42		-		-
Other income (expense)		-		(132)		411		(3,632)		-		(3,353)
Equity in losses of consolidated subsidiaries		(38,441)		(5,124)		(2,544)		-		46,109		-
Income (loss) from operations before income taxes		(38,441)		(47,324)		3,612		(31)		46,109		(36,075)
Income taxes		-		(8,883)		9,729		1,520		-		2,366
Net income (loss)		(38,441)		(38,441)		(6,117)		(1,551)		46,109		(38,441)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Three Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(38,441)	$	(38,441)	$	(6,117)	$	(1,551)	$	46,109	$	(38,441)
Change in cumulative translation adjustment, net of tax		(2,967)		(2,967)		-		(2,967)		5,934		(2,967)
Comprehensive loss	$	(41,408)	$	(41,408)	$	(6,117)	$	(4,518)	$	52,043	$	(41,408)



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Three Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	511,510	$	66,428	$	(4,870)	$	573,068
Cost of services and rentals (exclusive of depreciation,
depletion, amortization and accretion)		-		(793)		366,568		43,484		(4,870)		404,389
Depreciation, depletion, amortization and
accretion		-		965		87,973		10,954		-		99,892
General and administrative expenses		-		23,959		34,726		10,210		-		68,895
Income (loss) from operations		-		(24,131)		22,243		1,780		-		(108)

Other income (expense):
Interest income (expense), net		-		(26,024)		993		79		-		(24,952)
Other income (expense)		-		(356)		264		(185)		-		(277)
Equity in earnings (losses) of consolidated subsidiaries		(21,816)		19,182		(53)		-		2,687		-
Income (loss) from continuing operations before income taxes		(21,816)		(31,329)		23,447		1,674		2,687		(25,337)
Income taxes		-		(9,513)		5,260		732		-		(3,521)
Net income (loss)	$	(21,816)	$	(21,816)	$	18,187	$	942	$	2,687	$	(21,816)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Three Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(21,816)	$	(21,816)	$	18,187	$	942	$	2,687	$	(21,816)
Change in cumulative translation adjustment, net of tax		(826)		(826)		-		(826)		1,652		(826)
Comprehensive income (loss)	$	(22,642)	$	(22,642)	$	18,187	$	116	$	4,339	$	(22,642)



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Nine Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,108,641	$	238,154	$	(17,587)	$	1,329,208
Cost of services and rentals (exclusive of depreciation,
depletion, amortization and accretion)		-		(8,244)		784,396		162,232		(17,587)		920,797
Depreciation, depletion, amortization and
accretion		-		2,780		193,503		28,763		-		225,046
General and administrative expenses		-		64,319		109,983		34,295		-		208,597
Reduction in value of assets		-		-		40,952		-		-		40,952
Income (loss) from operations		-		(58,855)		(20,193)		12,864		-		(66,184)

Other income (expense):
Interest income (expense), net		-		(78,195)		3,836		84		-		(74,275)
Intercompany interest income (expense)				(67)		-		67
Other income (expense)		-		(1,207)		(799)		(2,470)		-		(4,476)
Equity in earnings (losses) of consolidated subsidiaries		(157,196)		(49,523)		(1,820)		-		208,539		-
Income (loss) from continuing operations before income taxes		(157,196)		(187,847)		(18,976)		10,545		208,539		(144,935)
Income taxes		-		(30,651)		34,891		8,021		-		12,261
Net income (loss)	$	(157,196)	$	(157,196)	$	(53,867)	$	2,524	$	208,539	$	(157,196)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Nine Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(157,196)	$	(157,196)	$	(53,867)	$	2,524	$	208,539	$	(157,196)
Change in cumulative translation adjustment, net of tax		(3,810)		(3,810)		-		(3,810)		7,620		(3,810)
Comprehensive income (loss)	$	(161,006)	$	(161,006)	$	(53,867)	$	(1,286)	$	216,159	$	(161,006)



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Operations
Nine Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Revenues	$	-	$	-	$	1,420,368	$	192,976	$	(22,410)	$	1,590,934
Cost of services and rentals (exclusive of depreciation,
depletion, amortization and accretion)		-		(6,382)		1,011,801		134,650		(22,410)		1,117,659
Depreciation, depletion, amortization and
accretion		-		2,974		266,188		34,422		-		303,584
General and administrative expenses		-		70,721		109,083		34,807		-		214,611
Loss from operations		-		(67,313)		33,296		(10,903)		-		(44,920)

Other income (expense):
Interest expense, net		-		(77,778)		2,940		105		-		(74,733)
Other income (expense)		-		(608)		802		(4,588)		-		(4,394)
Equity in losses of consolidated subsidiaries		(107,930)		13,073		(421)		-		95,278		-
Loss from continuing operations before income taxes		(107,930)		(132,626)		36,617		(15,386)		95,278		(124,047)
Income taxes		-		(24,696)		7,185		665		-		(16,846)
Net loss from continuing operations		(107,930)		(107,930)		29,432		(16,051)		95,278		(107,201)
Loss from discontinued operations, net of income taxes		-		-		-		(729)		-		(729)
Net loss	$	(107,930)	$	(107,930)	$	29,432	$	(16,780)	$	95,278	$	(107,930)




SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidating Statements of Comprehensive Income (Loss)
Nine Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(107,930)	$	(107,930)	$	29,432	$	(16,780)	$	95,278	$	(107,930)
Change in cumulative translation adjustment, net of tax		(3,491)		(3,491)		-		(3,491)		6,982		(3,491)
Comprehensive income (loss)	$	(111,421)	$	(111,421)	$	29,432	$	(20,271)	$	102,260	$	(111,421)

Condensed Consolidating Statements Of Cash Flows



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2019
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	14,295	$	(272,879)	$	350,633	$	24,455	$	116,504

Cash flows from investing activities:
Payments for capital expenditures		-		(5,514)		(94,757)		(5,122)		(105,393)
Proceeds from sales of assets		-		-		90,696		-		90,696
Net cash provided by (used in) investing activities		-		(5,514)		(4,061)		(5,122)		(14,697)

Cash flows from financing activities:
Changes in notes with affiliated companies, net		(13,270)		364,179		(348,883)		(2,026)		-
Other		(1,025)		(31)		-		-		(1,056)
Net cash provided by (used in) financing activities		(14,295)		364,148		(348,883)		(2,026)		(1,056)
Effect of exchange rate changes on cash		-		-		-		(1,857)		(1,857)
Net change in cash, cash equivalents, and restricted cash		-		85,755		(2,311)		15,450		98,894

Cash, cash equivalents, and restricted cash at beginning of period		-		102,224		6,360		55,164		163,748
Cash, cash equivalents, and restricted cash at end of period	$	-	$	187,979	$	4,049	$	70,614	$	262,642



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2018
(in thousands)
(unaudited)
	Parent		Issuer		Guarantor ‎Subsidiaries		Non- ‎Guarantor ‎Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	18,290	$	(118,313)	$	174,198	$	23,450	$	(14,269)	$	83,356

Cash flows from investing activities:
Payments for capital expenditures		-		(1,509)		(175,524)		(9,250)		-		(186,283)
Proceeds from sales of assets		-		-		16,226		13,369		-		29,595
Net cash provided by (used in) investing activities		-		(1,509)		(159,298)		4,119		-		(156,688)

Cash flows from financing activities:
Intercompany dividends		-		-		-		(14,269)		14,269		-
Changes in notes with affiliated companies, net		(14,775)		31,469		(26,644)		9,950		-		-
Other		(3,515)		(435)		-		-		-		(3,950)
Net cash provided by (used in) financing activities		(18,290)		31,034		(26,644)		(4,319)		14,269		(3,950)
Effect of exchange rate changes on cash		-		-		-		(1,834)		-		(1,834)
Net change in cash, cash equivalents, and restricted cash		-		(88,788)		(11,744)		21,416		-		(79,116)

Cash, cash equivalents, and restricted cash at beginning of period		-		126,533		20,923		45,027		-		192,483
Cash, cash equivalents, and restricted cash at end of period	$	-	$	37,745	$	9,179	$	66,443	$	-	$	113,367

Revenue (Narrative) (Details)	9 Months Ended
Revenue (Narrative) (Details)	Sep. 30, 2019
Payment term	30 days
Maximum [Member]
Performance obligation satisfaction period	30 days

Revenue (Disaggregation Of Revenues, By Geography) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 425,717	$ 573,068	$ 1,329,208	$ 1,590,934
Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	111,185	99,184	312,946	278,419
Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	145,105	294,869	513,638	802,600
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	98,787	105,870	305,239	308,591
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	70,640	73,145	197,385	201,324
U.S. Land [Member]
Disaggregation of Revenue [Line Items]
Total revenues	231,598	396,785	800,395	1,103,719
U.S. Land [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	46,590	45,605	142,073	129,716
U.S. Land [Member] \| Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	145,105	294,869	513,638	802,600
U.S. Land [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	32,620	47,858	112,095	148,259
U.S. Land [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	7,283	8,453	32,589	23,144
U.S. Offshore [Member]
Disaggregation of Revenue [Line Items]
Total revenues	92,961	90,127	245,220	238,406
U.S. Offshore [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	33,895	26,065	91,048	70,315
U.S. Offshore [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	18,295	16,776	58,977	47,910
U.S. Offshore [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	40,771	47,286	95,195	120,181
International [Member]
Disaggregation of Revenue [Line Items]
Total revenues	101,158	86,156	283,593	248,809
International [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	30,700	27,514	79,825	78,388
International [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	47,872	41,236	134,167	112,422
International [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 22,586	$ 17,406	$ 69,601	$ 57,999

Revenue (Disaggregation Of Revenues, By Type) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 425,717	$ 573,068	$ 1,329,208	$ 1,590,934
Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	111,185	99,184	312,946	278,419
Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	145,105	294,869	513,638	802,600
Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	98,787	105,870	305,239	308,591
Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	70,640	73,145	197,385	201,324
Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	325,946	471,218	1,046,388	1,317,798
Services [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	32,471	24,083	91,640	75,549
Services [Member] \| Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	136,154	284,187	484,965	771,605
Services [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	89,571	97,551	280,171	285,843
Services [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	67,750	65,397	189,612	184,801
Rentals [Member]
Disaggregation of Revenue [Line Items]
Total revenues	99,771	101,850	282,820	273,136
Rentals [Member] \| Drilling Products and Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	78,714	75,101	221,306	202,870
Rentals [Member] \| Onshore Completion and Workover Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	8,951	10,682	28,673	30,995
Rentals [Member] \| Production Services [Member]
Disaggregation of Revenue [Line Items]
Total revenues	9,216	8,319	25,068	22,748
Rentals [Member] \| Technical Solutions [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 2,890	$ 7,748	$ 7,773	$ 16,523

Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory [Abstract]
Finished goods	$ 62,301	$ 54,144
Raw materials	16,758	16,795
Work-in-process	9,504	5,544
Supplies and consumables	34,957	30,822
Total	$ 123,520	$ 107,305

Notes Receivable (Details) - USD ($) $ in Millions	9 Months Ended
Notes Receivable (Details) - USD ($) $ in Millions	Sep. 30, 2019	Sep. 30, 2018
Notes Receivable [Abstract]
Amount of notes receivable	$ 115.0
Interest rate percentage to record present value of notes receivable	6.58%
Company recorded interest income	$ 3.1	$ 2.9

Debt (Narrative) (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Debt Instrument [Line Items]
Current borrowing capacity	$ 229,600,000
Letters of Credit Outstanding, Amount	83,100,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	150,000,000.0	$ 100,000,000.0
Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Debt issuance	$ 800,000,000
Stated interest rate on unsecured senior notes	7.125%
Senior Unsecured Notes Due 2024 [Member]
Debt Instrument [Line Items]
Debt issuance	$ 500,000,000
Stated interest rate on unsecured senior notes	7.75%

Debt (Schedule Of Long Term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt, gross	$ 1,300,000	$ 1,300,000
Unamortized debt issuance costs	(14,245)	(17,079)
Total debt, net	1,285,755	1,282,921
Senior Unsecured Notes Due 2024 [Member]
Debt Instrument [Line Items]
Total debt, gross	$ 500,000	500,000
Stated interest rate	7.75%
Senior Unsecured Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total debt, gross	$ 800,000	$ 800,000
Stated interest rate	7.125%

Decommissioning Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Summary of the activity for the Company's decommissioning liabilities
Decommissioning liabilities	$ 134.9	$ 130.1

Leases (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Leases (Narrative) (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operarting lease expense	$ 10,105,000	$ 13,500,000	$ 29,433,000	$ 40,400,000
2019					$ 30,800,000
2020					24,300,000
2021					16,600,000
2022					9,800,000
2023					6,900,000
Thereafter					37,800,000
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effect of change in accounting principle					100,000,000.0
Equity impact of adoption					$ 0

Leases (Operating Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Leases [Abstract]
Long-term fixed lease expense	$ 10,105	$ 13,500	$ 29,433	$ 40,400
Long-term variable lease expense	400		1,640
Short-term lease expense	3,355		13,356
Total operating lease expense	$ 13,860		$ 44,429

Leases (Supplemental Balance Sheet Information) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019 USD ($)
Leases [Abstract]
Operating lease ROU assets	$ 96,190
Accrued expenses	26,368
Operating lease liabilities	76,255
Total operating lease liabilities	102,623
Cash paid for operating leases	26,242
ROU assets obtained in exchange for lease obligations	$ 21,045
Weighted average remaining lease term	9 years
Weighted average discount rate	6.75%

Leases (Maturities Of Operating Lease Liabilities) (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Leases [Abstract]
Remainder of 2019	$ 8,976
2020	30,144
2021	22,142
2022	13,955
2023	10,258
Thereafter	54,745
Total lease payments	140,220
Less imputed interest	(37,597)
Total	$ 102,623

Fair Value Measurements (Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	$ 857,750	$ 1,084,711
Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets, net	14,741	13,306
Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	1,243	1,138
Other long-term liabilities	22,224	19,766
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt	857,750	1,084,711
Level 1 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets, net		376
Level 2 [Member] \| Non-Qualified Deferred Compensation Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Intangible and other long-term assets, net	14,741	12,930
Level 2 [Member] \| Non Qualified Deferred Compensation Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts payable	1,243	1,138
Other long-term liabilities	$ 22,224	$ 19,766

Fair Value Measurements (Fair Value Measurements Used In Testing) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019 USD ($)
Fair Value Measurements [Abstract]
Impairment of Property, Plant and Equipment	$ 40,952
Property, Plant and Equipment Fair Measurment Used in Testing Impairment of Long-lived Assets	$ 292,277

Segment Information (Narrative) (Details) - Disposal Group, Not Discontinued Operations [Member] - Onshore Completion and Workover Services [Member] $ in Millions	9 Months Ended
	Sep. 30, 2019 USD ($) item
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Land based drilling rigs \| item	12
Carrying value	$ 66.2
Proceeds from sale	78.0
Loss on sale of assets	0.2
Impairment	$ 7.5

Segment Information (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total revenues	$ 425,717	$ 573,068	$ 1,329,208	$ 1,590,934
Cost of services and rentals (exclusive of depreciation, depletion, amortization, and accretion)	294,206	404,389	920,797	1,117,659
Depreciation, depletion, amortization and accretion	67,389	99,892	225,046	303,584
General and administrative expenses	62,768	68,895	208,597	214,611
Reduction in value of assets	9,571		40,952
Loss from operations	(8,217)	(108)	(66,184)	(44,920)
Interest income (expense), net	(24,505)	(24,952)	(74,275)	(74,733)
Other income (expense)	(3,353)	(277)	(4,476)	(4,394)
Loss from continuing operations before income taxes	(36,075)	(25,337)	(144,935)	(124,047)
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Total revenues	111,185	99,184	312,946	278,419
Cost of services and rentals (exclusive of depreciation, depletion, amortization, and accretion)	38,663	37,328	118,732	108,997
Depreciation, depletion, amortization and accretion	20,168	27,830	64,684	86,061
General and administrative expenses	14,363	13,771	44,173	40,138
Loss from operations	37,991	20,255	85,357	43,223
Loss from continuing operations before income taxes	37,991	20,255	85,357	43,223
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Total revenues	145,105	294,869	513,638	802,600
Cost of services and rentals (exclusive of depreciation, depletion, amortization, and accretion)	123,617	239,348	436,400	630,205
Depreciation, depletion, amortization and accretion	29,080	47,299	100,210	142,377
General and administrative expenses	10,046	5,455	29,626	29,783
Reduction in value of assets	566		31,947
Loss from operations	(18,204)	2,767	(84,545)	235
Loss from continuing operations before income taxes	(18,204)	2,767	(84,545)	235
Production Services [Member]
Segment Reporting Information [Line Items]
Total revenues	98,787	105,870	305,239	308,591
Cost of services and rentals (exclusive of depreciation, depletion, amortization, and accretion)	82,556	84,312	240,855	255,377
Depreciation, depletion, amortization and accretion	12,063	17,085	39,375	50,668
General and administrative expenses	2,905	10,471	18,687	29,760
Reduction in value of assets	1,997		1,997
Loss from operations	(734)	(5,998)	4,325	(27,214)
Loss from continuing operations before income taxes	(734)	(5,998)	4,325	(27,214)
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Total revenues	70,640	73,145	197,385	201,324
Cost of services and rentals (exclusive of depreciation, depletion, amortization, and accretion)	49,370	43,401	124,810	123,080
Depreciation, depletion, amortization and accretion	4,909	6,329	17,198	20,332
General and administrative expenses	14,935	14,453	46,394	41,836
Reduction in value of assets	7,008		7,008
Loss from operations	(5,582)	8,962	1,975	16,076
Interest income (expense), net	1,051	986	3,104	2,913
Loss from continuing operations before income taxes	(4,531)	9,948	5,079	18,989
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation, depletion, amortization and accretion	1,169	1,349	3,579	4,146
General and administrative expenses	20,519	24,745	69,717	73,094
Loss from operations	(21,688)	(26,094)	(73,296)	(77,240)
Interest income (expense), net	(25,556)	(25,938)	(77,379)	(77,646)
Other income (expense)	(3,353)	(277)	(4,476)	(4,394)
Loss from continuing operations before income taxes	$ (50,597)	$ (52,309)	$ (155,151)	$ (159,280)

Segment Information (Schedule Of Identifiable Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Identifiable Assets	$ 2,123,751	$ 2,215,962
Drilling Products and Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	663,515	587,264
Onshore Completion and Workover Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	607,947	808,037
Production Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	420,208	434,430
Technical Solutions [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	361,434	340,161
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	$ 70,647	$ 46,070

Segment Information (Revenue By Geographic Area) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 425,717	$ 573,068	$ 1,329,208	$ 1,590,934
Long-lived assets	891,540		891,540		$ 1,109,126
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	324,559	486,912	1,045,615	1,342,125
Long-lived assets	712,661		712,661		903,520
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	101,158	$ 86,156	283,593	$ 248,809
Long-lived assets	$ 178,879		$ 178,879		$ 205,606

Reduction in Value of Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Reduction in Value of Assets [Abstract]
Reduction in value of assets	$ 9,571	$ 40,952

Stock-Based Compensation Plans (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Awards, Excluding ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 13.9	$ 22.8

Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Income Taxes [Abstract]
Unrecorded tax benefits	$ 30.6	$ 30.6

Contingencies (Details) $ in Millions	9 Months Ended
Contingencies (Details) $ in Millions	Sep. 30, 2019 USD ($) plaintiff
Commitments and Contingencies (Textual) [Abstract]
Number of people involved in lawsuit \| plaintiff	2
Maximum [Member]
Commitments and Contingencies (Textual) [Abstract]
Potential loss in lawsuit \| $	$ 11.0

Supplemental Guarantor Information (Narrative) (Details)	9 Months Ended
	Sep. 30, 2019 USD ($)
Condensed Financial Statements, Captions [Line Items]
Subsidiary ownership	100.00%
Unsecured Senior Notes Due 2024 [Member]
Condensed Financial Statements, Captions [Line Items]
Unsecured senior notes	$ 500,000,000
Stated interest rate on unsecured senior notes	7.75%

Supplemental Guarantor Information (Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 259,889			$ 158,050
Accounts receivable, net	368,530			447,353
Other current assets	204,600			167,502
Total current assets	833,019			772,905
Property, plant and equipment, net	891,540			1,109,126
Operating lease right-of-use assets	96,190
Goodwill	135,922			136,788
Notes receivable	67,042			63,993
Restricted cash	2,753			5,698
Intangible and other long-term assets, net	97,285			127,452
Total assets	2,123,751			2,215,962
Current liabilities:
Accounts payable	110,398			139,325
Accrued expenses	220,623			219,180
Income taxes payable	3,842			734
Current portion of decommissioning liabilities	3,621			3,538
Total current liabilities	338,484			362,777
Long-term debt, net	1,285,755			1,282,921
Decommissioning liabilities	131,263			126,558
Operating lease liabilities	76,255
Other long-term liabilities	148,907			152,967
Total stockholders' equity	143,087	$ 180,391	$ 248,066	290,739	$ 1,036,016	$ 1,052,715	$ 1,078,169	$ 1,132,429
Total liabilities and stockholders' equity	2,123,751			2,215,962
Eliminations [Member]
Current assets:
Intercompany accounts receivable				(90,674)
Total current assets				(90,674)
Long-term intercompany accounts receivable	(7,077,594)			(4,417,627)
Intercompany notes receivable	(7,200)
Equity investments of consolidated subsidiaries	(1,595,695)			(1,808,232)
Total assets	(8,680,489)			(6,316,533)
Current liabilities:
Intercompany accounts payable				(90,674)
Total current liabilities				(90,674)
Long-term intercompany accounts payable	(7,077,594)			(4,417,627)
Intercompany notes payable	(7,200)
Total stockholders' equity	(1,595,695)			(1,808,232)
Total liabilities and stockholders' equity	(8,680,489)			(6,316,533)
Parent [Member]
Current assets:
Long-term intercompany accounts receivable	2,256,701			2,243,431
Equity investments of consolidated subsidiaries	(2,113,614)			(1,952,647)
Total assets	143,087			290,784
Current liabilities:
Accrued expenses				45
Total current liabilities				45
Total stockholders' equity	143,087			290,739
Total liabilities and stockholders' equity	143,087			290,784
Issuer [Member]
Current assets:
Cash and cash equivalents	187,979			102,224
Accounts receivable, net	30			160
Intercompany accounts receivable				12,279
Other current assets	8,592			12,805
Total current assets	196,601			127,468
Property, plant and equipment, net	11,372			10,129
Operating lease right-of-use assets	22,530
Long-term intercompany accounts receivable	1,111,335
Intercompany notes receivable	1,200
Equity investments of consolidated subsidiaries	3,701,545			3,754,887
Intangible and other long-term assets, net	19,203			19,255
Total assets	5,063,786			3,911,739
Current liabilities:
Accounts payable	8,986			8,807
Accrued expenses	80,810			102,845
Income taxes payable	(717)			1,237
Intercompany accounts payable				724
Total current liabilities	89,079			113,613
Long-term debt, net	1,285,755			1,282,921
Deferred income taxes	(149,512)
Operating lease liabilities	23,093
Long-term intercompany accounts payable	5,876,786			4,417,627
Intercompany notes payable	6,000
Other long-term liabilities	46,199			50,225
Total stockholders' equity	(2,113,614)			(1,952,647)
Total liabilities and stockholders' equity	5,063,786			3,911,739
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	1,341			707
Accounts receivable, net	280,704			367,497
Intercompany accounts receivable				74,906
Other current assets	133,669			111,560
Total current assets	415,714			554,670
Property, plant and equipment, net	722,830			920,978
Operating lease right-of-use assets	57,334
Goodwill	80,544			80,544
Notes receivable	67,042			63,993
Long-term intercompany accounts receivable	3,491,267			1,991,912
Equity investments of consolidated subsidiaries	7,764			5,992
Restricted cash	2,708			5,653
Intangible and other long-term assets, net	71,239			100,847
Total assets	4,916,442			3,724,589
Current liabilities:
Accounts payable	67,127			109,903
Accrued expenses	104,122			86,926
Intercompany accounts payable				6,869
Total current liabilities	171,249			203,698
Deferred income taxes	145,416
Decommissioning liabilities	131,263			126,558
Operating lease liabilities	42,009
Long-term intercompany accounts payable	1,082,435
Other long-term liabilities	76,510			76,543
Total stockholders' equity	3,267,560			3,317,790
Total liabilities and stockholders' equity	4,916,442			3,724,589
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	70,569			55,119
Accounts receivable, net	87,796			79,696
Intercompany accounts receivable				3,489
Other current assets	62,339			43,137
Total current assets	220,704			181,441
Property, plant and equipment, net	157,338			178,019
Operating lease right-of-use assets	16,326
Goodwill	55,378			56,244
Long-term intercompany accounts receivable	218,291			182,284
Intercompany notes receivable	6,000
Restricted cash	45			45
Intangible and other long-term assets, net	6,843			7,350
Total assets	680,925			605,383
Current liabilities:
Accounts payable	34,285			20,615
Accrued expenses	35,691			29,364
Income taxes payable	4,559			(503)
Intercompany accounts payable				83,081
Current portion of decommissioning liabilities	3,621			3,538
Total current liabilities	78,156			136,095
Deferred income taxes	4,096
Operating lease liabilities	11,153
Long-term intercompany accounts payable	118,373
Intercompany notes payable	1,200
Other long-term liabilities	26,198			26,199
Total stockholders' equity	441,749			443,089
Total liabilities and stockholders' equity	$ 680,925			$ 605,383

Supplemental Guarantor Information (Condensed Consolidating Statements of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Financial Statements, Captions [Line Items]
Revenues	$ 425,717			$ 573,068			$ 1,329,208	$ 1,590,934
Cost of services and rentals (exclusive of depreciation, depletion, amortization and accretion)	294,206			404,389			920,797	1,117,659
Depreciation, depletion, amortization and accretion	67,389			99,892			225,046	303,584
General and administrative expenses	62,768			68,895			208,597	214,611
Reduction in value of assets	9,571						40,952
Loss from operations	(8,217)			(108)			(66,184)	(44,920)
Other expense:
Interest income (expense), net	(24,505)			(24,952)			(74,275)	(74,733)
Other income (expense)	(3,353)			(277)			(4,476)	(4,394)
Loss from continuing operations before income taxes	(36,075)			(25,337)			(144,935)	(124,047)
Income taxes	2,366			(3,521)			12,261	(16,846)
Net loss from continuing operations	(38,441)			(21,816)			(157,196)	(107,201)
Loss from discontinued operations, net of income tax								(729)
Net loss	(38,441)	$ (71,050)	$ (47,705)	(21,816)	$ (26,390)	$ (59,724)	(157,196)	(107,930)
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues	(6,459)			(4,870)			(17,587)	(22,410)
Cost of services and rentals (exclusive of depreciation, depletion, amortization and accretion)	(6,459)			(4,870)			(17,587)	(22,410)
Other expense:
Equity in losses of consolidated subsidiaries	46,109			2,687			208,539	95,278
Loss from continuing operations before income taxes	46,109			2,687			208,539	95,278
Net loss from continuing operations								95,278
Net loss	46,109			2,687			208,539	95,278
Parent [Member]
Other expense:
Equity in losses of consolidated subsidiaries	(38,441)			(21,816)			(157,196)	(107,930)
Loss from continuing operations before income taxes	(38,441)			(21,816)			(157,196)	(107,930)
Net loss from continuing operations								(107,930)
Net loss	(38,441)			(21,816)			(157,196)	(107,930)
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Cost of services and rentals (exclusive of depreciation, depletion, amortization and accretion)	(1,373)			(793)			(8,244)	(6,382)
Depreciation, depletion, amortization and accretion	907			965			2,780	2,974
General and administrative expenses	16,581			23,959			64,319	70,721
Loss from operations	(16,115)			(24,131)			(58,855)	(67,313)
Other expense:
Interest income (expense), net	(25,911)			(26,024)			(78,195)	(77,778)
Other income (expense)	(132)			(356)			(1,207)	(608)
Equity in losses of consolidated subsidiaries	(5,124)			19,182			(49,523)	13,073
Loss from continuing operations before income taxes	(47,324)			(31,329)			(187,847)	(132,626)
Income taxes	(8,883)			(9,513)			(30,651)	(24,696)
Net loss from continuing operations								(107,930)
Net loss	(38,441)			(21,816)			(157,196)	(107,930)
Issuer [Member] \| Intersegment Eliminations [Member]
Other expense:
Interest income (expense), net	(42)						(67)
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues	352,158			511,510			1,108,641	1,420,368
Cost of services and rentals (exclusive of depreciation, depletion, amortization and accretion)	245,743			366,568			784,396	1,011,801
Depreciation, depletion, amortization and accretion	57,143			87,973			193,503	266,188
General and administrative expenses	35,320			34,726			109,983	109,083
Reduction in value of assets	9,571						40,952
Loss from operations	4,381			22,243			(20,193)	33,296
Other expense:
Interest income (expense), net	1,364			993			3,836	2,940
Other income (expense)	411			264			(799)	802
Equity in losses of consolidated subsidiaries	(2,544)			(53)			(1,820)	(421)
Loss from continuing operations before income taxes	3,612			23,447			(18,976)	36,617
Income taxes	9,729			5,260			34,891	7,185
Net loss from continuing operations								29,432
Net loss	(6,117)			18,187			(53,867)	29,432
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Revenues	80,018			66,428			238,154	192,976
Cost of services and rentals (exclusive of depreciation, depletion, amortization and accretion)	56,295			43,484			162,232	134,650
Depreciation, depletion, amortization and accretion	9,339			10,954			28,763	34,422
General and administrative expenses	10,867			10,210			34,295	34,807
Loss from operations	3,517			1,780			12,864	(10,903)
Other expense:
Interest income (expense), net	42			79			84	105
Other income (expense)	(3,632)			(185)			(2,470)	(4,588)
Loss from continuing operations before income taxes	(31)			1,674			10,545	(15,386)
Income taxes	1,520			732			8,021	665
Net loss from continuing operations								(16,051)
Loss from discontinued operations, net of income tax								(729)
Net loss	(1,551)			$ 942			2,524	$ (16,780)
Non-Guarantor Subsidiaries [Member] \| Intersegment Eliminations [Member]
Other expense:
Interest income (expense), net	$ 42						$ 67

Supplemental Guarantor Information (Consolidating Statements of Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ (38,441)	$ (71,050)	$ (47,705)	$ (21,816)	$ (26,390)	$ (59,724)	$ (157,196)	$ (107,930)
Change in cumulative translation adjustment, net of tax	(2,967)	$ (1,916)	$ 1,073	(826)	$ (7,053)	$ 4,388	(3,810)	(3,491)
Comprehensive loss	(41,408)			(22,642)			(161,006)	(111,421)
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	46,109			2,687			208,539	95,278
Change in cumulative translation adjustment, net of tax	5,934			1,652			7,620	6,982
Comprehensive loss	52,043			4,339			216,159	102,260
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(38,441)			(21,816)			(157,196)	(107,930)
Change in cumulative translation adjustment, net of tax	(2,967)			(826)			(3,810)	(3,491)
Comprehensive loss	(41,408)			(22,642)			(161,006)	(111,421)
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(38,441)			(21,816)			(157,196)	(107,930)
Change in cumulative translation adjustment, net of tax	(2,967)			(826)			(3,810)	(3,491)
Comprehensive loss	(41,408)			(22,642)			(161,006)	(111,421)
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(6,117)			18,187			(53,867)	29,432
Comprehensive loss	(6,117)			18,187			(53,867)	29,432
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	(1,551)			942			2,524	(16,780)
Change in cumulative translation adjustment, net of tax	(2,967)			(826)			(3,810)	(3,491)
Comprehensive loss	$ (4,518)			$ 116			$ (1,286)	$ (20,271)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Supplemental Guarantor Information (Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$ 116,504	$ 83,356
Cash flows from investing activities:
Payments for capital expenditures	(105,393)	(186,283)
Proceeds from sales of assets	90,696	29,595
Net cash used in investing activities	(14,697)	(156,688)
Cash flows from financing activities:
Other	(1,056)	(3,950)
Net cash provided by (used in) financing activities	(1,056)	(3,950)
Effect of exchange rate changes on cash	(1,857)	(1,834)
Net change in cash, cash equivalents, and restricted cash	98,894	(79,116)
Cash, cash equivalents, and restricted cash at beginning of period	163,748	192,483
Cash, cash equivalents, and restricted cash at end of period	262,642	113,367
Eliminations [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities		(14,269)
Cash flows from financing activities:
Intercompany dividends		14,269
Net cash provided by (used in) financing activities		14,269
Parent [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	14,295	18,290
Cash flows from financing activities:
Changes in notes with affiliated companies, net	(13,270)	(14,775)
Other	(1,025)	(3,515)
Net cash provided by (used in) financing activities	(14,295)	(18,290)
Issuer [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	(272,879)	(118,313)
Cash flows from investing activities:
Payments for capital expenditures	(5,514)	(1,509)
Net cash used in investing activities	(5,514)	(1,509)
Cash flows from financing activities:
Changes in notes with affiliated companies, net	364,179	31,469
Other	(31)	(435)
Net cash provided by (used in) financing activities	364,148	31,034
Net change in cash, cash equivalents, and restricted cash	85,755	(88,788)
Cash, cash equivalents, and restricted cash at beginning of period	102,224	126,533
Cash, cash equivalents, and restricted cash at end of period	187,979	37,745
Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	350,633	174,198
Cash flows from investing activities:
Payments for capital expenditures	(94,757)	(175,524)
Proceeds from sales of assets	90,696	16,226
Net cash used in investing activities	(4,061)	(159,298)
Cash flows from financing activities:
Changes in notes with affiliated companies, net	(348,883)	(26,644)
Net cash provided by (used in) financing activities	(348,883)	(26,644)
Net change in cash, cash equivalents, and restricted cash	(2,311)	(11,744)
Cash, cash equivalents, and restricted cash at beginning of period	6,360	20,923
Cash, cash equivalents, and restricted cash at end of period	4,049	9,179
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net cash provided by (used in) operating activities	24,455	23,450
Cash flows from investing activities:
Payments for capital expenditures	(5,122)	(9,250)
Proceeds from sales of assets		13,369
Net cash used in investing activities	(5,122)	4,119
Cash flows from financing activities:
Intercompany dividends		(14,269)
Changes in notes with affiliated companies, net	(2,026)	9,950
Net cash provided by (used in) financing activities	(2,026)	(4,319)
Effect of exchange rate changes on cash	(1,857)	(1,834)
Net change in cash, cash equivalents, and restricted cash	15,450	21,416
Cash, cash equivalents, and restricted cash at beginning of period	55,164	45,027
Cash, cash equivalents, and restricted cash at end of period	$ 70,614	$ 66,443