Docoh
Loading...

TTI Tetra

Cover Page

Cover Page - shares3 Months Ended
Mar. 31, 2021May 04, 2021
Cover [Abstract]
Document Type10-Q
Document Quarterly Reporttrue
Document Period End DateMar. 31,
2021
Document Transition Reportfalse
Entity File Number1-13455
Entity Registrant NameTETRA Technologies, Inc.
Entity Incorporation, State or Country CodeDE
Entity Tax Identification Number74-2148293
Entity Address, Address Line One24955 Interstate 45 North
Entity Address, City or TownThe Woodlands,
Entity Address, Postal Zip Code77380
Entity Address, State or ProvinceTX
City Area Code281
Local Phone Number367-1983
Title of 12(b) SecurityCommon Stock
Trading SymbolTTI
Security Exchange NameNYSE
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Shell Companyfalse
Entity Common Stock Shares Outstanding126,587,492
Entity Central Index Key0000844965
Current Fiscal Year End Date--12-31
Entity Filer CategoryAccelerated Filer
Entity Small Businesstrue
Entity Emerging Growth Companyfalse
Document Fiscal Year Focus2021
Document Fiscal Period FocusQ1
Amendment Flagfalse

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Revenues $ 77,324 $ 132,704
Cost of Goods and Services Sold [Abstract]
Depreciation, amortization, and accretion8,951 9,552
Impairment and other charges0 5,371
Insurance recoveries associated with damaged equipment110 0
Total cost of revenues69,455 103,667
Gross profit7,869 29,037
General and administrative expense20,012 20,348
Interest expense, net4,404 5,292
Fair Value Adjustment Of Warrants, Income Statement323 (338)
Other (income) expense, net(5,095)22
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest(11,775)3,713
Provision for income taxes168 721
Income (loss) before taxes(11,943)2,992
Total income from discontinued operations120,990 (13,368)
Net income (loss)109,047 (10,376)
(Income) loss attributable to noncontrolling interest(333)8,825
Net income (loss) attributable to TETRA stockholders $ 108,714 $ (1,551)
Basic net income per common share:
Income (Loss) from Continuing Operations, Per Basic and Diluted Share $ (0.10) $ 0.02
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share0.96(0.03)
Net income (loss) attributable to TETRA stockholders $ 0.86 $ (0.01)
Weighted Average Number of Shares Outstanding, Basic126,149 125,587
Diluted net income per common share:
Income (Loss) from Continuing Operations, Per Diluted Share $ (0.10) $ 0.02
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share0.96(0.03)
Net income (loss) attributable to TETRA stockholders $ 0.86 $ (0.01)
Weighted Average Number of Shares Outstanding, Diluted126,149 125,597
Product sales
Revenues $ 45,032 $ 70,215
Cost of Goods and Services Sold [Abstract]
Cost of product sales31,983 45,288
Services
Revenues32,292 62,489
Cost of Goods and Services Sold [Abstract]
Cost of product sales $ 28,631 $ 48,827

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss) $ 109,047 $ (10,376)
Foreign currency translation adjustment from continuing operations, net of taxes of $0 in 2021 and 2020(6,467)
Comprehensive income106,268 (16,843)
Comprehensive (income) loss attributable to noncontrolling interest(333)9,054
Comprehensive income (loss) attributable to TETRA stockholders $ 105,935 $ (7,789)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax $ 0 $ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Current assets:
Cash and cash equivalents $ 54,163 $ 67,252
Restricted cash65 65
Trade accounts receivable, net of allowances62,408 64,078
Inventories74,460 76,658
Assets of discontinued operations0 710,006
Prepaid expenses and other current assets14,296 13,487
Total current assets205,392 931,546
Property, plant, and equipment:
Land and building26,443 26,506
Machinery and equipment362,564 365,296
Automobiles and trucks17,982 18,446
Chemical plants61,605 62,714
Construction in progress955 1,526
Total property, plant, and equipment469,549 474,488
Less accumulated depreciation(376,994)(377,632)
Net property, plant, and equipment92,555 96,856
Other assets:
Patents, trademarks and other intangible assets, net of accumulated amortization40,340 41,487
Deferred tax assets, net89 52
Operating lease right-of-use assets41,293 43,448
Investments13,320 2,675
Other assets14,189 16,775
Total other assets109,231 104,437
Total assets407,178 1,132,839
Current liabilities:
Trade accounts payable29,057 22,573
Unearned income1,202 2,675
Accrued liabilities43,064 38,791
Liabilities of discontinued operations1,746 734,039
Current portion of long-term debt8,157 0
Total current liabilities83,226 798,078
Long-term debt, net163,003 199,894
Deferred income taxes1,847 1,942
Decommissioning and other asset retirement obligations, net12,620 12,484
Warranty Liability521 198
Operating lease liabilities35,608 37,569
Other liabilities7,886 11,612
Total long-term liabilities221,485 263,699
Equity:
Common stock, par value $0.01 per share1,295 1,289
Additional paid-in capital472,522 472,134
Treasury stock, at cost(19,933)(19,484)
Accumulated other comprehensive income (loss)(45,525)(49,914)
Retained earnings(304,951)(413,665)
Total TETRA stockholders' equity103,408 (9,640)
Noncontrolling interests(941)80,702
Total equity102,467 71,062
Total liabilities and equity $ 407,178 $ 1,132,839

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances for doubtful accounts $ 6,840 $ 6,824
Patents, trademarks, and other intangible assets, accumulated amortization $ 67,279 $ 66,078
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized250,000,000 250,000,000
Common stock, shares issued129,538,442 128,930,047
Treasury stock, shares held3,131,428 2,953,976

Consolidated Statement of Equit

Consolidated Statement of Equity Statement - USD ($) $ in ThousandsTotalCommon Stock Par ValueAdditional Paid-In CapitalTreasury StockAccumulated Other  Comprehensive Income (Loss)Retained DeficitNoncontrolling Interest
Cumulative effect adjustment $ 162,826 $ 1,283 $ 466,959 $ (19,164) $ (52,183) $ (362,522) $ 128,453
Balance at beginning of period at Dec. 31, 2019162,826 1,283 466,959 (19,164)(52,183)(362,522)128,453
Net Income (Loss) Attributable to Parent(1,551)(1,551)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest(10,376)(8,825)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax(6,467)(6,238)(229)
Comprehensive income (loss)(16,843)
Distributions to public unitholders(309)309
Equity award activity4 4
Treasury stock activity, net(89)(89)
Equity compensation expense1,373 1,145 228
Cumulative effect adjustment146,931 1,287 468,088 (19,253)(58,421)(364,073)119,303
Other(31)(16)(15)
Balance at end of period at Mar. 31, 2020146,931 1,287 468,088 (19,253)(58,421)(364,073)119,303
Cumulative effect adjustment146,931 1,287 468,088 (19,253)(58,421)(364,073)119,303
Cumulative effect adjustment71,062 1,289 472,134 (19,484)(49,914)(413,665)80,702
Balance at beginning of period at Dec. 31, 202071,062 1,289 472,134 (19,484)(49,914)(413,665)80,702
Net Income (Loss) Attributable to Parent108,714 108,714
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest109,047 333
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax(2,779)0
Comprehensive income (loss)106,268
Deconsolidation of CSI Compressco(75,607)7,168 (82,775)
Treasury stock activity, net(449)(449)
Equity compensation expense1,542 962 580
Cumulative effect adjustment71,062 1,295 472,522 (19,933)(45,525)(304,951)(941)
Other(355)(574)219
Balance at end of period at Mar. 31, 2021102,467 1,295 472,522 (19,933)(45,525)(304,951)(941)
Cumulative effect adjustment $ 102,467 $ 1,295 $ 472,522 $ (19,933) $ (45,525) $ (304,951) $ (941)

Consolidated Statement of Equ_2

Consolidated Statement of Equity (Parenthetical) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Translation adjustment, tax $ 0 $ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Operating activities:
Net income (loss) $ 109,047 $ (10,376)
Reconciliation of net income (loss) to cash provided by (used in) operating activities:
Depreciation, amortization, and accretion8,981 29,460
Gain on GP Sale(120,574)0
Impairment and other charges0 5,371
Gain on retained CSI Compressco units and Standard Lithium shares(3,992)0
Equity-based compensation expense2,478 784
Amortization of deferred financing costs728 569
Insurance recoveries associated with damaged equipment110 0
Debt-related expenses93 0
Warrants fair value adjustment323 (337)
Gain on sale of assets(255)(833)
Other non-cash charges14 1,435
Changes in operating assets and liabilities, net of assets acquired:
Accounts receivable1,501 3,601
Inventories498 (12,414)
Prepaid expenses and other current assets(1,060)(2,442)
Trade accounts payable and accrued expenses8,521 8,742
Other(478)(1,384)
Net cash provided by (used in) operating activities5,825 22,176
Investing activities:
Purchases of property, plant, and equipment, net6,761 12,390
Proceeds from sale of CCLP, net of cash divested18 0
Proceeds on sale of property, plant, and equipment561 1,425
Proceeds from Insurance Settlement, Investing Activities110 0
Other investing activities1,771 350
Net cash provided by (used in) investing activities(4,301)(10,615)
Financing activities:
Proceeds from long-term debt160 56,512
Principal payments on long-term debt(29,500)(54,511)
CSI Compressco distributions0 (309)
Tax remittances on equity based compensation0 (319)
Repurchase of common stock(449)0
Debt issuance costs and other financing activities(98)(235)
Net cash provided by (used in) financing activities(29,887)1,138
Effect of exchange rate changes on cash(1,303)(940)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect(29,666)11,759
Cash and cash equivalents and restricted cash at beginning of period83,894 17,768
Cash and cash equivalents at beginning of period associated with discontinued operations16,577 2,370
Cash and cash equivalents and restricted cash at beginning of period associated with continuing operations67,317 15,398
Cash and cash equivalents and restricted cash at end of period54,228 29,527
Cash and cash equivalents at end of period associated with discontinued operations0 7,416
Cash and cash equivalents and restricted cash at end of period associated with continuing operations $ 54,228 $ 22,111

Organization, Basis of Presenta

Organization, Basis of Presentation, and Significant Accounting Policies3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Organization, Basis of Presentation, and Significant Accounting PoliciesORGANIZATION, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES Organization We are a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback and production well testing. We were incorporated in Delaware in 1981. We are composed of two divisions – Completion Fluids & Products and Water & Flowback Services. Unless the context requires otherwise, when we refer to “we,” “us,” and “our,” we are describing TETRA Technologies, Inc. and its consolidated subsidiaries on a consolidated basis. Presentation Our unaudited consolidated financial statements include the accounts of our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The information furnished reflects all normal recurring adjustments, which are, in the opinion of management, necessary to provide a fair statement of the results for the interim periods. Operating results for the period ended March 31, 2021 are not necessarily indicative of results that may be expected for the twelve months ended December 31, 2021. The accompanying unaudited consolidated financial statements have been prepared in accordance with Rule 10-01 of Regulation S-X for interim financial statements required to be filed with the U.S. Securities and Exchange Commission (“SEC”) and do not include all information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2020 and notes thereto included in our Annual Report on Form 10-K , which we filed with the SEC on March 5, 2021. Significant Accounting Policies Our significant accounting policies are described in the notes to our consolidated financial statements for the year ended December 31, 2020 included in our Annual Report on Form 10-K . There have been no significant changes in our accounting policies or the application thereof during the first quarter of 2021. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclose contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, expenses, and impairments during the reporting period. Actual results could differ from those estimates, and such differences could be material. Reclassifications Certain previously reported financial information has been reclassified to conform to the current year's presentation. For a discussion of the reclassification of the financial presentation of our former Compression Division as discontinued operations, see Note 2 - “Discontinued Operations”. Other than the discontinued operations presentation, the impact of reclassifications was not significant to the prior year's overall presentation. Unless otherwise noted, amounts and disclosures throughout these Notes to Consolidated Financial Statements relate solely to continuing operations and exclude all discontinued operations. Impairments and Other Charges Impairments of long-lived assets, including identified intangible assets, are determined periodically when indicators of impairment are present. If such indicators are present, the determination of the amount of impairment is based on our judgment as to the future undiscounted operating cash flows to be generated from the relevant assets throughout their remaining estimated useful lives. If these undiscounted cash flows are less than the carrying amount of the related assets, an impairment is recognized for the excess of the carrying value over fair value. Fair value of intangible assets is generally determined using the discounted present value of future cash flows using discount rates commensurate with the risks inherent with the specific assets. Assets held for disposal are recorded at the lower of carrying value or estimated fair value less estimated selling costs. There were no impairments associated with continuing operations during the three months ended March 31, 2021 or 2020. Foreign Currency Translation We have designated the euro, the British pound, the Norwegian krone, the Canadian dollar, the Brazilian real, and the Mexican peso as the functional currencies for our operations in Finland and Sweden, the United Kingdom, Norway, Canada, Brazil, and certain of our operations in Mexico, respectively. The United States dollar is the designated functional currency for all of our other non-U.S. operations. The cumulative translation effects of translating the applicable accounts from the functional currencies into the United States dollar at current exchange rates are included as a separate component of equity. Foreign currency exchange (gains) and losses are included in other (income) expense, net and totaled $(0.6) million and $0.2 million during the three months ended March 31, 2021 and March 31, 2020, respectively. Fair Value Measurements We utilize fair value measurements to account for certain items and account balances within our consolidated financial statements. Fair value measurements are utilized on a recurring basis in the determination of the carrying values of certain assets, including our interest in Standard Lithium Ltd. (“Standard Lithium”) and our retained interest in CSI Compressco and liabilities, including the liabilities for the warrants to purchase 11.2 million shares of our common stock (the “Warrants”). See Note 9 - “Fair Value Measurements” for further discussion. Fair value measurements are also utilized on a nonrecurring basis in certain circumstances, such as in the allocation of purchase consideration for acquisition transactions to the assets and liabilities acquired, including intangible assets and goodwill (a Level 3 fair value measurement), the initial recording of our asset retirement obligations, and for the impairment of long-lived assets (a Level 3 fair value measurement). Supplemental Cash Flow Information Supplemental cash flow information from continuing and discontinued operations is as follows: Three Months Ended 2021 2020 (in thousands) Supplemental cash flow information (1) : Interest paid $ 3,973 $ 15,421 Income taxes paid 252 1,479 Decrease in accrued capital expenditures 1,051 1,489 (1) Prior-year information includes the activity for CSI Compressco for the full period. Current-year information includes activity for CSI Compressco for January only. New Accounting Pronouncements Standards adopted in 2021 In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” ASU 2019-12 simplifies the accounting for income taxes by eliminating certain exceptions related to intraperiod tax allocation, interim period income tax calculation methodology, and the recognition of deferred tax liabilities for outside basis differences. It also simplifies certain aspects of accounting for franchise taxes and clarifies the accounting for transactions that results in a step-up in the tax basis of goodwill. On January 1, 2021, we adopted ASU 2019-12. The adoption of this standard did not have a material impact on our consolidated financial statements. Standards not yet adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses on financial instruments not accounted for at fair value through net income. The provisions require credit impairments to be measured over the contractual life of an asset and developed with consideration for past events, current conditions, and forecasts of future economic information. Credit impairment will be accounted for as an allowance for credit losses deducted from the amortized cost basis at each reporting date. We are continuing to work through our implementation plan which includes evaluating the impact on our allowance for doubtful accounts methodology, identifying new reporting requirements, and implementing changes to business processes, systems, and controls to support adoption of the standard. Upon adoption, the allowance for doubtful accounts is expected to increase with an offsetting adjustment to retained earnings. Updates at each reporting date after initial adoption will be recorded through selling, general, and administrative expense. ASU 2016-13 has an effective date of the first quarter of fiscal 2023. We continue to assess the potential effects of these changes to our consolidated financial statements.

Discontinued Operations

Discontinued Operations3 Months Ended
Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Discontinued OperationsDISCONTINUED OPERATIONS On January 29, 2021, we entered into the Purchase and Sale Agreement with Spartan Energy Partners, LP (“Spartan”) pursuant to which we sold the general partner of CSI Compressco, including the IDRs in CSI Compressco and approximately 23.1% of the outstanding limited partner interests in CSI Compressco, in exchange for the combination of $13.4 million in cash paid at closing, $0.5 million in cash payable on the six-month anniversary of the closing and $3.1 million in contingent consideration in the form of cash and/or CSI Compressco common units if CSI Compressco achieves certain financial targets on or before December 31, 2022. Throughout this Quarterly Report, we refer to the transaction with Spartan as the “GP Sale.” As a result of these transactions, we no longer consolidate CSI Compressco as of January 29, 2021. We recognized a primarily non-cash accounting gain of $120.6 million during the first quarter of 2021 related to the GP Sale. The gain is included in income (loss) from discontinued operations, net of taxes in our consolidated statement of operations. We will also continue to provide back-office support to CSI Compressco under a Transition Services Agreement for up to one year until CSI Compressco has completed a full separation from our back-office support functions. Our interest in CSI Compressco and the general partner represented substantially all of our Compression Division. In addition, on March 1, 2018, we closed a series of related transactions that resulted in the disposition of our Offshore Division, consisting of our Offshore Services and Maritech segments. Our former Compression and Offshore Divisions are reported as discontinued operations for all periods presented. Our consolidated balance sheets and consolidated statements of operations report discontinued operations separate from continuing operations. Our consolidated statements of comprehensive income, statements of equity and statements of cash flows combine continuing and discontinued operations. Our current-year consolidated statement of operations, statement of comprehensive income, statement of equity and statement of cash flows include CSI Compressco activity for January 1 through January 29. Our consolidated statements of cash flows for the three-month periods ended March 31, 2021 and March 31, 2020 included $3.0 million and $6.5 million, respectively, of capital expenditures related to our former Compression division, as well as amortization of deferred financing discounts, costs and gains of $0.7 million for the three-month period ended March 31, 2020. Our current-year results do not include CSI Compressco depreciation or amortization as the assets were considered held for sale. A summary of financial information related to our discontinued operations is as follows: Reconciliation of the Line Items Constituting Pretax Loss from Discontinued Operations to the After-Tax Loss from Discontinued Operations (in thousands) Three Months Ended Compression Offshore Services Total Major classes of line items constituting income from discontinued operations Revenue $ 18,968 $ — $ 18,968 Cost of revenues 11,474 28 11,502 General and administrative expense 2,795 (5) 2,790 Interest expense, net 4,336 — 4,336 Other expense, net (106) — (106) Pretax income (loss) from discontinued operations 469 (23) 446 Pretax gain on disposal of discontinued operations 120,574 Total pretax income from discontinued operations 121,020 Income tax provision 30 Total income from discontinued operations $ 120,990 Income from discontinued operations attributable to noncontrolling interest $ (333) Income from discontinued operations attributable to TETRA stockholders $ 120,657 Three Months Ended Compression Offshore Services Total Major classes of line items constituting loss from discontinued operations Revenue $ 90,238 $ — $ 90,238 Cost of revenues 54,579 (60) 54,519 Depreciation, amortization, and accretion 19,908 — 19,908 Impairments and other charges 5,371 — 5,371 General and administrative expense 10,189 205 10,394 Interest expense, net 12,564 — 12,564 Other expense, net 417 — 417 Pretax (loss) from discontinued operations (12,790) (145) (12,935) Income tax provision 433 Total loss from discontinued operations $ (13,368) Loss from discontinued operations attributable to noncontrolling interest $ 8,834 Loss from discontinued operations attributable to TETRA stockholders $ (4,534) Reconciliation of Major Classes of Assets and Liabilities of the Discontinued Operations to Amounts Presented Separately in the Statement of Financial Position (in thousands) March 31, 2021 Offshore Services Maritech Total Carrying amounts of major classes of liabilities included as part of discontinued operations Trade payables $ 1,222 $ — $ 1,222 Accrued liabilities and other 296 228 524 Total liabilities associated with discontinued operations $ 1,518 $ 228 $ 1,746 December 31, 2020 Compression Offshore Services Maritech Total Carrying amounts of major classes of assets included as part of discontinued operations Cash and cash equivalents $ 16,577 $ — $ — $ 16,577 Trade receivables 43,837 — — 43,837 Inventories 31,220 — — 31,220 Other current assets 5,231 — — 5,231 Property, plant, and equipment 551,401 — — 551,401 Other assets 61,740 — — 61,740 Total assets associated with discontinued operations $ 710,006 $ — $ — $ 710,006 Carrying amounts of major classes of liabilities included as part of discontinued operations Trade payables $ 19,766 $ 1,222 $ — $ 20,988 Unearned Income 269 — — 269 Accrued liabilities and other 36,318 352 228 36,898 Long-term debt, net 638,631 — — 638,631 Other liabilities 37,253 — — 37,253 Total liabilities associated with discontinued operations $ 732,237 $ 1,574 $ 228 $ 734,039

Revenue from Contracts with Cus

Revenue from Contracts with Customers3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]REVENUE FROM CONTRACTS WITH CUSTOMERS Our contract asset balances, primarily associated with customer documentation requirements, were $16.9 million and $12.8 million as of March 31, 2021 and December 31, 2020, respectively. Contract assets, along with billed trade accounts receivable, are included in trade accounts receivable in our consolidated balance sheets. Unearned income includes amounts in which the Company was contractually allowed to invoice prior to satisfying the associated performance obligations. Unearned income balances were $1.2 million and $2.7 million as of March 31, 2021 and December 31, 2020, respectively, and vary based on the timing of invoicing and performance obligations being met. Revenues recognized during the three-month periods ended March 31, 2021 and March 31, 2020 deferred as of the end of the preceding year were not significant. During the three-month periods ended March 31, 2021 and March 31, 2020, contract costs were not significant. We disaggregate revenue from contracts with customers into Product Sales and Services within each segment, as noted in our two reportable segments in Note 11. In addition, we disaggregate revenue from contracts with customers by geography based on the following table below. Three Months Ended 2021 2020 (In Thousands) Completion Fluids & Products United States $ 24,597 $ 37,958 International 21,925 37,279 46,522 75,237 Water & Flowback Services United States 28,931 54,384 International 1,871 3,083 30,802 57,467 Total Revenue United States 53,528 92,342 International 23,796 40,362 $ 77,324 $ 132,704

Inventories

Inventories3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]
InventoriesINVENTORIES Components of inventories as of March 31, 2021 and December 31, 2020 are as follows: March 31, 2021 December 31, 2020 (In Thousands) Finished goods $ 64,484 $ 68,121 Raw materials 3,288 2,910 Parts and supplies 5,018 4,001 Work in progress 1,670 1,626 Total inventories $ 74,460 $ 76,658

Leases

Leases3 Months Ended
Mar. 31, 2021
Leases [Abstract]
LeasesLEASES We have operating leases for some of our transportation equipment, office space, warehouse space, operating locations, and machinery and equipment. We have finance leases for certain storage tanks and equipment rentals. These finance leases are not material to our financial statements. Our leases have remaining lease terms ranging up to 13 years. Some of our leases have options to extend for various periods, while some have termination options with prior notice of generally 30 days or six months. The office space, warehouse space, operating location leases, and machinery and equipment leases generally require us to pay all maintenance and insurance costs. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Variable rent expense was not material. Our corporate headquarters facility located in The Woodlands, Texas, was sold on December 31, 2012, pursuant to a sale and leaseback transaction. As a condition to the completion of the purchase and sale of the facility, the parties entered into a lease agreement for the facility having an initial lease term of 15 years, which is classified as an operating lease. Under the terms of the lease agreement, we have the ability to extend the lease for five successive five-year periods at base rental rates to be determined at the time of each extension. Components of lease expense, included in either cost of revenues or general and administrative expense based on the use of the underlying asset, are as follows (inclusive of lease expense for leases not included on our consolidated balance sheet based on our accounting policy election to exclude leases with a term of 12 months or less): Three Months Ended 2021 2020 (In Thousands) Operating lease expense $ 3,241 $ 3,704 Short-term lease expense 6,457 9,010 Total lease expense $ 9,698 $ 12,714 Supplemental cash flow information: Three Months Ended 2021 2020 (In Thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 3,296 $ 3,745 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 1,017 $ 4,218 Supplemental balance sheet information: March 31, 2021 December 31, 2020 (In Thousands) Operating leases: Operating lease right-of-use assets $ 41,293 $ 43,448 Accrued liabilities and other $ 8,507 $ 8,795 Operating lease liabilities 35,608 37,569 Total operating lease liabilities $ 44,115 $ 46,364 Additional operating lease information: March 31, 2021 December 31, 2020 Weighted average remaining lease term: Operating leases 6.6 years 6.8 years Weighted average discount rate: Operating leases 9.64 % 9.62 % Future minimum lease payments by year and in the aggregate, under non-cancellable operating leases with terms in excess of one year consist of the following at March 31, 2021: Operating Leases (In Thousands) Remainder of 2021 $ 9,393 2022 10,827 2023 8,784 2024 7,299 2025 5,419 Thereafter 18,474 Total lease payments 60,196 Less imputed interest (16,081) Total lease liabilities $ 44,115

Investments

Investments3 Months Ended
Mar. 31, 2021
Investments in and Advances to Affiliates [Abstract]
InvestmentsINVESTMENTS Following the closing of the GP Sale, we continue to own approximately 10.9% of the outstanding CSI Compressco common units. In addition, we are party to agreements in which Standard Lithium has the right to explore, produce and extract lithium in our Arkansas leases as well as additional potential resources in the Mojave region of California. The Company receives cash and stock of Standard Lithium (TSXV: SLL) under the terms of the arrangements. The cash and stock component of consideration received is initially recorded as unearned income based on the quoted market price at the time the stock is received, then recognized in income over the contract term. See Note 9 - “Fair Value Measurements” for further information. Our investments as of March 31, 2021 and December 31, 2020, consist of the following: March 31, 2021 December 31, 2020 (In Thousands) Investment in CSI Compressco $ 9,533 $ — Investment in Standard Lithium 3,787 2,675 Total Investments 13,320 2,675

Long-Term Debt and Other Borrow

Long-Term Debt and Other Borrowings3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]
Debt DisclosureLONG-TERM DEBT AND OTHER BORROWINGS Consolidated long-term debt as of March 31, 2021 and December 31, 2020, consists of the following: Scheduled Maturity March 31, 2021 December 31, 2020 (In Thousands) TETRA Asset-based credit agreement September 10, 2023 $ — $ — Term credit agreement (1) September 10, 2025 171,160 199,894 Total long-term debt $ 171,160 $ 199,894 (1) Net of unamortized discount of $5.3 million and $5.5 million as of March 31, 2021 and December 31, 2020, respectively, and net of unamortized deferred financing costs of $7.8 million and $8.2 million as of March 31, 2021 and December 31, 2020, respectively. As of March 31, 2021, we had no outstanding balance and $6.9 million in letters of credit against our asset-based credit agreement (“ABL Credit Agreement”). Because there was no outstanding balance on this ABL Credit Agreement, associated deferred financing costs of $0.9 million as of March 31, 2021, were classified as other long-term assets on the accompanying consolidated balance sheet. As of March 31, 2021, subject to compliance with the

Commitments and Contingencies

Commitments and Contingencies3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and ContingenciesCOMMITMENTS AND CONTINGENCIES Litigation We are named defendants in several lawsuits and respondents in certain governmental proceedings arising in the ordinary course of business. While the outcome of lawsuits or other proceedings against us cannot be predicted with certainty, management does not consider it reasonably possible that a loss resulting from such lawsuits or other proceedings in excess of any amounts accrued has been incurred that is expected to have a material adverse impact on our financial condition, results of operations, or liquidity. Contingencies of Discontinued Operations In early 2018, we closed the Maritech Asset Purchase and Sale Agreement with Orinoco Natural Resources, LLC (“Orinoco”) that provided for the purchase by Orinoco of Maritech’s remaining oil and gas properties and related assets. Also in early 2018, we closed the Maritech Membership Interest Purchase and Sale Agreement with Orinoco that provided for the purchase by Orinoco of all of the outstanding membership interests in Maritech. Under the Maritech Asset Purchase and Sale Agreement, Orinoco assumed all of Maritech’s decommissioning liabilities related to the leases sold to Orinoco (the “Orinoco Lease Liabilities”) and, under the Maritech Membership Interest Purchase and Sale Agreement, Orinoco assumed all other liabilities of Maritech, including the decommissioning liabilities associated with the oil and gas properties previously sold by Maritech (the “Legacy Liabilities”), subject to certain limited exceptions unrelated to the decommissioning liabilities. To the extent that Maritech or Orinoco fails to satisfy decommissioning liabilities associated with any of the Orinoco Lease Liabilities or the Legacy Liabilities, we may be required to satisfy such liabilities under third party indemnity agreements and corporate guarantees that we previously provided to the U.S. Department of the Interior and other parties, respectively. Pursuant to a Bonding Agreement entered into as part of these transactions (the “Bonding Agreement”), Orinoco provided non-revocable performance bonds in an aggregate amount of $46.8 million to cover the performance by Orinoco and Maritech of the asset retirement obligations of Maritech (the “Initial Bonds”) and agreed to replace, within 90 days following the closing, the Initial Bonds with other non-revocable performance bonds, meeting certain requirements, in the aggregate sum of $47.0 million (collectively, the “Interim Replacement Bonds”). Orinoco further agreed to replace, within 180 days following the closing, the Interim Replacement Bonds with a maximum of three non-revocable performance bonds in the aggregate sum of $47.0 million, meeting certain requirements (the “Final Bonds”). Among the other requirements of the Final Bonds was that they must provide coverage for all of the asset retirement obligations of Maritech instead of only relating to specific properties. In the event Orinoco does not provide the Interim Replacement Bonds or the Final Bonds, Orinoco is required to make certain cash escrow payments to us. The payment obligations of Orinoco under the Bonding Agreement were guaranteed by Thomas M. Clarke and Ana M. Clarke pursuant to a separate guaranty agreement (the “Clarke Bonding Guaranty Agreement”). Orinoco has not delivered such replacement bonds and neither it nor the Clarkes has made any of the agreed upon cash escrow payments and we filed a lawsuit against Orinoco and the Clarkes to enforce the terms of the Bonding Agreement and the Clarke Bonding Guaranty Agreement. A summary judgment was initially granted in favor of Orinoco and the Clarkes which dismissed our claims against Orinoco under the Bonding Agreement and against the Clarkes under the Clarke Bonding Guaranty Agreement. We filed an appeal and also asked the trial court to grant a new trial on the summary judgment or to modify the judgment because we believe this judgment should not have been granted. On November 5, 2019, the trial court signed an order granting our motion for new trial and vacating the prior order granting summary judgment for Orinoco and the Clarkes. The parties are awaiting direction from the court on a new scheduling order and/or trial setting. The Initial Bonds, which are non-revocable, remain in effect. If we become liable in the future for any decommissioning liability associated with any property covered by either an Initial Bond or an Interim Replacement Bond while such bonds are outstanding and the payment made to us under such bond is not sufficient to satisfy such liability, the Bonding Agreement provides that Orinoco will pay us an amount equal to such deficiency and if Orinoco fails to pay any such amount, such amount must be paid by the Clarkes under the Clarke Bonding Guaranty Agreement. However, if the Final Bonds or the full amount of the escrowed cash have been provided, neither Orinoco nor the Clarkes would be liable to pay us for any such deficiency. Our financial condition and results of operations may be negatively affected if Orinoco is unable to cover any such deficiency or if we become liable for a significant portion of the decommissioning liabilities. In early 2018, we also closed the sale of our Offshore Division to Epic Companies, LLC (“Epic Companies,” formerly known as Epic Offshore Specialty, LLC). Part of the consideration we received was a promissory note of Epic Companies in the original principal amount of $7.5 million (the “Epic Promissory Note”). At the end of August 2019, Epic Companies filed for bankruptcy and we recorded a reserve of $7.5 million for the full amount of the promissory note, including accrued interest, and certain other receivables in the amount of $1.5 million during the quarter ended September 30, 2019. The Epic Promissory Note became due on December 31, 2019 and neither Epic nor the Clarkes made payment. TETRA filed a lawsuit against the Clarkes on January 15, 2020 for breach of the promissory note guaranty agreement. In September 2020, the court granted TETRA’s Motion for Summary Judgment and entered Final Judgment in our favor, dismissing counterclaims by the Clarkes and awarded TETRA $7.9 million in damages. The Clarkes have filed an appeal which we will defend. We cannot provide any assurance the Clarkes will pay the judgment or that they will not file for bankruptcy protection. If the Clarkes do file for bankruptcy protection, we likely would be unable to collect all, or even a significant portion of, the judgment owed to us.

Fair Value Measurements

Fair Value Measurements3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value MeasurementsFAIR VALUE MEASUREMENTS Financial Instruments Investments Our retained investment in CSI Compressco and our investment in Standard Lithium are recorded based on the quoted market stock price in active markets (a Level 1 fair value measurement). The stock component of consideration received for our arrangement with Standard Lithium is initially recorded as unearned income based on the quoted market price at the time the stock is received, then recognized in income over the contract term. The unearned income associated with the stock component of this agreement is not significant as of March 31, 2021 or December 31, 2020. Changes in the value of stock are recorded in other income (expense) in our consolidated statements of operations Warrants The Warrants are valued using a Black Scholes option valuation model that includes implied volatility of the trading price (a Level 3 fair value measurement). Recurring and nonrecurring fair value measurements by valuation hierarchy as of March 31, 2021 and December 31, 2020, are as follows: Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description March 31, 2021 (Level 1) (Level 2) (Level 3) (In Thousands) Investment in CSI Compressco $ 9,533 $ 9,533 $ — $ — Investment in Standard Lithium 3,787 3,787 — — Warrants liability (521) — — (521) Net asset $ 12,799 Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description December 31, 2020 (Level 1) (Level 2) (Level 3) (In Thousands) Investment in Standard Lithium $2,675 $ 2,675 — $ — Warrants liability (198) — — (198) Net asset $ 2,477 The fair values of cash, restricted cash, accounts receivable, accounts payable, accrued liabilities, short-term borrowings and long-term debt pursuant to TETRA’s ABL Credit Agreement and term credit agreement approximate their carrying amounts. See Note 7 - “Long-Term Debt and Other Borrowings” for further discussion.

Net Income (Loss) per Share

Net Income (Loss) per Share3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]
Net Income (Loss) per ShareNET INCOME (LOSS) PER SHARE The following is a reconciliation of the weighted average number of common shares outstanding with the number of shares used in the computations of net income (loss) per common and common equivalent share: Three Months Ended 2021 2020 (In Thousands) Number of weighted average common shares outstanding 126,149 125,587 Assumed exercise of equity awards and warrants — 10 Average diluted shares outstanding 126,149 125,597 For the

Industry Segments

Industry Segments3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]
Industry SegmentsINDUSTRY SEGMENTS We manage our operations through two Divisions: Completion Fluids & Products and Water & Flowback Services. Summarized financial information concerning the business segments is as follows: Three Months Ended 2021 2020 (In Thousands) Revenues from external customers Product sales Completion Fluids & Products Division $ 45,019 $ 70,190 Water & Flowback Services Division 13 25 Consolidated $ 45,032 $ 70,215 Services Completion Fluids & Products Division $ 1,503 $ 5,047 Water & Flowback Services Division 30,789 57,442 Consolidated $ 32,292 $ 62,489 Total revenues Completion Fluids & Products Division $ 46,522 $ 75,237 Water & Flowback Services Division 30,802 57,467 Consolidated $ 77,324 $ 132,704 Income (loss) before taxes Completion Fluids & Products Division $ 9,010 $ 19,396 Water & Flowback Services Division (5,480) (2,244) Interdivision eliminations 3 5 Corporate Overhead (1) (15,308) (13,444) Consolidated $ (11,775) $ 3,713 (1) Amounts reflected include the following general corporate expenses: Three Months Ended 2021 2020 (In Thousands) General and administrative expense $ 13,020 $ 8,081 Depreciation and amortization 169 197 Interest expense 5,064 5,455 Warrants fair value adjustment (income) expense 323 (338) Other general corporate income, net (3,268) 49 Total $ 15,308 $ 13,444

Organization, Basis of Presen_2

Organization, Basis of Presentation, and Significant Accounting Policies (Policies)3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Nature of operationsOrganization We are a geographically diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback and production well testing. We were incorporated in Delaware in 1981. We are composed of two divisions – Completion Fluids & Products and Water & Flowback Services. Unless the context requires otherwise, when we refer to “we,” “us,” and “our,” we are describing TETRA Technologies, Inc. and its consolidated subsidiaries on a consolidated basis.
Principles of consolidation policyPresentation Our unaudited consolidated financial statements include the accounts of our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The information furnished reflects all normal recurring adjustments, which are, in the opinion of management, necessary to provide a fair statement of the results for the interim periods. Operating results for the period ended March 31, 2021 are not necessarily indicative of results that may be expected for the twelve months ended December 31, 2021. The accompanying unaudited consolidated financial statements have been prepared in accordance with Rule 10-01 of Regulation S-X for interim financial statements required to be filed with the U.S. Securities and Exchange Commission (“SEC”) and do not include all information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2020 and notes thereto included in our Annual Report on Form 10-K
Use of estimates policyUse of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclose contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues, expenses, and impairments during the reporting period. Actual results could differ from those estimates, and such differences could be material.
ReclassificationsReclassifications Certain previously reported financial information has been reclassified to conform to the current year's presentation. For a discussion of the reclassification of the financial presentation of our former Compression Division as discontinued operations, see Note 2 - “Discontinued Operations”. Other than the discontinued operations presentation, the impact of reclassifications was not significant to the prior year's overall presentation. Unless otherwise noted, amounts and disclosures throughout these Notes to Consolidated Financial Statements relate solely to continuing operations and exclude all discontinued operations.
Impairments and other chargesImpairments and Other Charges Impairments of long-lived assets, including identified intangible assets, are determined periodically when indicators of impairment are present. If such indicators are present, the determination of the amount of impairment is based on our judgment as to the future undiscounted operating cash flows to be generated from the relevant assets throughout their remaining estimated useful lives. If these undiscounted cash flows are less than the carrying amount of the related assets, an impairment is recognized for the excess of the carrying value over fair value. Fair
Foreign currency translation policyForeign Currency Translation We have designated the euro, the British pound, the Norwegian krone, the Canadian dollar, the Brazilian real, and the Mexican peso as the functional currencies for our operations in Finland and Sweden, the United Kingdom, Norway, Canada, Brazil, and certain of our operations in Mexico, respectively. The United States dollar is the designated functional currency for all of our other non-U.S. operations. The cumulative translation effects of translating the applicable accounts from the functional currencies into the United States dollar at current exchange rates are included as a separate component of equity. Foreign currency exchange (gains) and losses are included in other (income) expense, net and totaled $(0.6) million and $0.2 million during the three months ended March 31, 2021 and March 31, 2020, respectively.
Fair value measurementsFair Value Measurements We utilize fair value measurements to account for certain items and account balances within our consolidated financial statements. Fair value measurements are utilized on a recurring basis in the determination of the carrying values of certain assets, including our interest in Standard Lithium Ltd. (“Standard Lithium”) and our retained interest in CSI Compressco and liabilities, including the liabilities for the warrants to purchase 11.2 million shares of our common stock (the “Warrants”). See Note 9 - “Fair Value Measurements” for further discussion.
New accounting pronouncementsNew Accounting Pronouncements Standards adopted in 2021 In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” ASU 2019-12 simplifies the accounting for income taxes by eliminating certain exceptions related to intraperiod tax allocation, interim period income tax calculation methodology, and the recognition of deferred tax liabilities for outside basis differences. It also simplifies certain aspects of accounting for franchise taxes and clarifies the accounting for transactions that results in a step-up in the tax basis of goodwill. On January 1, 2021, we adopted ASU 2019-12. The adoption of this standard did not have a material impact on our consolidated financial statements. Standards not yet adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2016-13 amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses on financial instruments not accounted for at fair value through net income. The provisions require credit impairments to be measured over the contractual life of an asset and developed with consideration for past events, current conditions, and forecasts of future economic information. Credit impairment will be accounted for as an allowance for credit losses deducted from the amortized cost basis at each reporting date. We are continuing to work through our implementation plan which includes evaluating the impact on our allowance for doubtful accounts methodology, identifying new reporting requirements, and implementing changes to business processes, systems, and controls to support adoption of the standard. Upon adoption, the allowance for doubtful accounts is expected to increase with an offsetting adjustment to retained earnings. Updates at each reporting date after initial adoption will be recorded through selling, general, and administrative expense. ASU 2016-13 has an effective date of the first quarter of fiscal 2023. We continue to assess the potential effects of these changes to our consolidated financial statements.

Organization, Basis of Presen_3

Organization, Basis of Presentation, and Significant Accounting Policies (Tables)3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Schedule of Cash Flow, Supplemental DisclosuresSupplemental cash flow information from continuing and discontinued operations is as follows: Three Months Ended 2021 2020 (in thousands) Supplemental cash flow information (1) : Interest paid $ 3,973 $ 15,421 Income taxes paid 252 1,479 Decrease in accrued capital expenditures 1,051 1,489 (1) Prior-year information includes the activity for CSI Compressco for the full period. Current-year information includes activity for CSI Compressco for January only.

Discontinued Operations (Tables

Discontinued Operations (Tables)3 Months Ended
Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued OperationsA summary of financial information related to our discontinued operations is as follows: Reconciliation of the Line Items Constituting Pretax Loss from Discontinued Operations to the After-Tax Loss from Discontinued Operations (in thousands) Three Months Ended Compression Offshore Services Total Major classes of line items constituting income from discontinued operations Revenue $ 18,968 $ — $ 18,968 Cost of revenues 11,474 28 11,502 General and administrative expense 2,795 (5) 2,790 Interest expense, net 4,336 — 4,336 Other expense, net (106) — (106) Pretax income (loss) from discontinued operations 469 (23) 446 Pretax gain on disposal of discontinued operations 120,574 Total pretax income from discontinued operations 121,020 Income tax provision 30 Total income from discontinued operations $ 120,990 Income from discontinued operations attributable to noncontrolling interest $ (333) Income from discontinued operations attributable to TETRA stockholders $ 120,657 Three Months Ended Compression Offshore Services Total Major classes of line items constituting loss from discontinued operations Revenue $ 90,238 $ — $ 90,238 Cost of revenues 54,579 (60) 54,519 Depreciation, amortization, and accretion 19,908 — 19,908 Impairments and other charges 5,371 — 5,371 General and administrative expense 10,189 205 10,394 Interest expense, net 12,564 — 12,564 Other expense, net 417 — 417 Pretax (loss) from discontinued operations (12,790) (145) (12,935) Income tax provision 433 Total loss from discontinued operations $ (13,368) Loss from discontinued operations attributable to noncontrolling interest $ 8,834 Loss from discontinued operations attributable to TETRA stockholders $ (4,534) Reconciliation of Major Classes of Assets and Liabilities of the Discontinued Operations to Amounts Presented Separately in the Statement of Financial Position (in thousands) March 31, 2021 Offshore Services Maritech Total Carrying amounts of major classes of liabilities included as part of discontinued operations Trade payables $ 1,222 $ — $ 1,222 Accrued liabilities and other 296 228 524 Total liabilities associated with discontinued operations $ 1,518 $ 228 $ 1,746 December 31, 2020 Compression Offshore Services Maritech Total Carrying amounts of major classes of assets included as part of discontinued operations Cash and cash equivalents $ 16,577 $ — $ — $ 16,577 Trade receivables 43,837 — — 43,837 Inventories 31,220 — — 31,220 Other current assets 5,231 — — 5,231 Property, plant, and equipment 551,401 — — 551,401 Other assets 61,740 — — 61,740 Total assets associated with discontinued operations $ 710,006 $ — $ — $ 710,006 Carrying amounts of major classes of liabilities included as part of discontinued operations Trade payables $ 19,766 $ 1,222 $ — $ 20,988 Unearned Income 269 — — 269 Accrued liabilities and other 36,318 352 228 36,898 Long-term debt, net 638,631 — — 638,631 Other liabilities 37,253 — — 37,253 Total liabilities associated with discontinued operations $ 732,237 $ 1,574 $ 228 $ 734,039

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]In addition, we disaggregate revenue from contracts with customers by geography based on the following table below. Three Months Ended 2021 2020 (In Thousands) Completion Fluids & Products United States $ 24,597 $ 37,958 International 21,925 37,279 46,522 75,237 Water & Flowback Services United States 28,931 54,384 International 1,871 3,083 30,802 57,467 Total Revenue United States 53,528 92,342 International 23,796 40,362 $ 77,324 $ 132,704

Inventories (Tables)

Inventories (Tables)3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]Components of inventories as of March 31, 2021 and December 31, 2020 are as follows: March 31, 2021 December 31, 2020 (In Thousands) Finished goods $ 64,484 $ 68,121 Raw materials 3,288 2,910 Parts and supplies 5,018 4,001 Work in progress 1,670 1,626 Total inventories $ 74,460 $ 76,658

Leases (Tables)

Leases (Tables)3 Months Ended
Mar. 31, 2021
Leases [Abstract]
Lease, CostComponents of lease expense, included in either cost of revenues or general and administrative expense based on the use of the underlying asset, are as follows (inclusive of lease expense for leases not included on our consolidated balance sheet based on our accounting policy election to exclude leases with a term of 12 months or less): Three Months Ended 2021 2020 (In Thousands) Operating lease expense $ 3,241 $ 3,704 Short-term lease expense 6,457 9,010 Total lease expense $ 9,698 $ 12,714 Supplemental cash flow information: Three Months Ended 2021 2020 (In Thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 3,296 $ 3,745 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 1,017 $ 4,218
Assets and Liabilities, Lesseeupplemental balance sheet information: March 31, 2021 December 31, 2020 (In Thousands) Operating leases: Operating lease right-of-use assets $ 41,293 $ 43,448 Accrued liabilities and other $ 8,507 $ 8,795 Operating lease liabilities 35,608 37,569 Total operating lease liabilities $ 44,115 $ 46,364 Additional operating lease information: March 31, 2021 December 31, 2020 Weighted average remaining lease term: Operating leases 6.6 years 6.8 years Weighted average discount rate: Operating leases 9.64 % 9.62 %
Lessee, Operating Lease, Liability, MaturityFuture minimum lease payments by year and in the aggregate, under non-cancellable operating leases with terms in excess of one year consist of the following at March 31, 2021: Operating Leases (In Thousands) Remainder of 2021 $ 9,393 2022 10,827 2023 8,784 2024 7,299 2025 5,419 Thereafter 18,474 Total lease payments 60,196 Less imputed interest (16,081) Total lease liabilities $ 44,115

Investments (Tables)

Investments (Tables)3 Months Ended
Mar. 31, 2021
Investments in and Advances to Affiliates [Abstract]
Summary of InvestmentsOur investments as of March 31, 2021 and December 31, 2020, consist of the following: March 31, 2021 December 31, 2020 (In Thousands) Investment in CSI Compressco $ 9,533 $ — Investment in Standard Lithium 3,787 2,675 Total Investments 13,320 2,675

Long-Term Debt and Other Borr_2

Long-Term Debt and Other Borrowings (Table)3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]
Long-Term Debt Table Scheduled Maturity March 31, 2021 December 31, 2020 (In Thousands) TETRA Asset-based credit agreement September 10, 2023 $ — $ — Term credit agreement (1) September 10, 2025 171,160 199,894 Total long-term debt $ 171,160 $ 199,894

Fair Value Measurements (Tables

Fair Value Measurements (Tables)3 Months Ended
Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Measurements, Recurring and NonrecurringRecurring and nonrecurring fair value measurements by valuation hierarchy as of March 31, 2021 and December 31, 2020, are as follows: Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description March 31, 2021 (Level 1) (Level 2) (Level 3) (In Thousands) Investment in CSI Compressco $ 9,533 $ 9,533 $ — $ — Investment in Standard Lithium 3,787 3,787 — — Warrants liability (521) — — (521) Net asset $ 12,799 Fair Value Measurements Using Total as of Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Description December 31, 2020 (Level 1) (Level 2) (Level 3) (In Thousands) Investment in Standard Lithium $2,675 $ 2,675 — $ — Warrants liability (198) — — (198) Net asset $ 2,477

Net Income (Loss) per Share (Ta

Net Income (Loss) per Share (Tables)3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]The following is a reconciliation of the weighted average number of common shares outstanding with the number of shares used in the computations of net income (loss) per common and common equivalent share: Three Months Ended 2021 2020 (In Thousands) Number of weighted average common shares outstanding 126,149 125,587 Assumed exercise of equity awards and warrants — 10 Average diluted shares outstanding 126,149 125,597

Industry Segments (Tables)

Industry Segments (Tables)3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]
Segment Reporting TableThree Months Ended 2021 2020 (In Thousands) Revenues from external customers Product sales Completion Fluids & Products Division $ 45,019 $ 70,190 Water & Flowback Services Division 13 25 Consolidated $ 45,032 $ 70,215 Services Completion Fluids & Products Division $ 1,503 $ 5,047 Water & Flowback Services Division 30,789 57,442 Consolidated $ 32,292 $ 62,489 Total revenues Completion Fluids & Products Division $ 46,522 $ 75,237 Water & Flowback Services Division 30,802 57,467 Consolidated $ 77,324 $ 132,704 Income (loss) before taxes Completion Fluids & Products Division $ 9,010 $ 19,396 Water & Flowback Services Division (5,480) (2,244) Interdivision eliminations 3 5 Corporate Overhead (1) (15,308) (13,444) Consolidated $ (11,775) $ 3,713 (1) Amounts reflected include the following general corporate expenses: Three Months Ended 2021 2020 (In Thousands) General and administrative expense $ 13,020 $ 8,081 Depreciation and amortization 169 197 Interest expense 5,064 5,455 Warrants fair value adjustment (income) expense 323 (338) Other general corporate income, net (3,268) 49 Total $ 15,308 $ 13,444

Organization, Basis of Presen_4

Organization, Basis of Presentation, and Significant Accounting Policies - Additional Information (Details) shares in Millions, $ in Millions3 Months Ended
Mar. 31, 2021USD ($)sharesMar. 31, 2020USD ($)
Accounting Policies [Abstract]
Number of Operating Segments2
Foreign Currency Transaction Gain (Loss), Realized | $ $ (0.6) $ 0.2
Class of Warrant or Right, Outstanding | shares11.2

Organization, Basis of Presen_5

Organization, Basis of Presentation, and Significant Accounting Policies (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Accounting Policies [Abstract]
Operating lease right-of-use assets $ 41,293 $ 43,448
Accrued liabilities and other8,507 8,795
Operating lease liabilities $ 35,608 $ 37,569

Organization, Basis of Presen_6

Organization, Basis of Presentation, and Significant Accounting Policies - Supplemental Cash Flows (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Accounting Policies [Abstract]
Interest paid $ 3,973 $ 15,421
Income taxes paid252 1,479
Decrease in accrued capital expenditures $ 1,051 $ 1,489

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in ThousandsJan. 29, 2021Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of CCLP, net of cash divested $ 18 $ 0
Gain on disposition of business120,574 0
Revenue18,968 90,238
Cost of revenues11,502 54,519
Depreciation, amortization, and accretion19,908
Impairments and other charges5,371
General and administrative expense2,790 10,394
Interest expense, net4,336
Other expense, net(106)417
Pretax income (loss) from discontinued operations446 (12,935)
Pretax gain on disposal of discontinued operations120,574
Total pretax income from discontinued operations121,020 12,564
Income tax provision30 433
Total income from discontinued operations120,990 (13,368)
Income from discontinued operations attributable to noncontrolling interest(333)8,834
Income from discontinued operations attributable to TETRA stockholders120,657 (4,534)
Cash and cash equivalents0 7,416 $ 16,577 $ 2,370
Trade receivables43,837
Inventories31,220
Other current assets5,231
Property, plant, and equipment551,401
Other assets61,740
Total assets associated with discontinued operations1,746 710,006
Assets of discontinued operations0 710,006
Trade payables1,222 20,988
Unearned Income269
Accrued liabilities and other524 36,898
Long-term debt, net638,631
Other liabilities37,253
Total liabilities associated with discontinued operations734,039
CSI Compressco | Discontinued Operations, Held-for-sale or Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses $ 13,400
Consideration transferred3,100
Proceeds from sale of CCLP, net of cash divested500
Gain on disposition of business $ 120,600
CSI Compressco | Discontinued Operations, Held-for-sale or Disposed of by Sale | Limited Partner [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
General partner, ownership interest23.10%
Compression Division [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue18,968 90,238
Cost of revenues11,474 54,579
Depreciation, amortization, and accretion19,908
Impairments and other charges5,371
General and administrative expense2,795 10,189
Interest expense, net4,336
Other expense, net(106)417
Pretax income (loss) from discontinued operations469 (12,790)
Total pretax income from discontinued operations12,564
Cash and cash equivalents16,577
Trade receivables43,837
Inventories31,220
Other current assets5,231
Property, plant, and equipment551,401
Other assets61,740
Total assets associated with discontinued operations710,006
Trade payables19,766
Unearned Income269
Accrued liabilities and other36,318
Long-term debt, net638,631
Other liabilities37,253
Total liabilities associated with discontinued operations732,237
Compression Division [Member] | Discontinued Operations, Held-for-sale or Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Capital expenditure, discontinued operations3,000 6,500
Total income from discontinued operations700
Offshore Services [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue0 0
Cost of revenues28 (60)
Depreciation, amortization, and accretion0
Impairments and other charges0
General and administrative expense(5)205
Interest expense, net0
Other expense, net0 0
Pretax income (loss) from discontinued operations(23)(145)
Total pretax income from discontinued operations $ 0
Cash and cash equivalents0
Trade receivables0
Inventories0
Other current assets0
Property, plant, and equipment0
Other assets0
Total assets associated with discontinued operations1,518 0
Trade payables1,222 1,222
Unearned Income0
Accrued liabilities and other296 352
Long-term debt, net0
Other liabilities0
Total liabilities associated with discontinued operations1,574
Maritech [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents0
Trade receivables0
Inventories0
Other current assets0
Property, plant, and equipment0
Other assets0
Total assets associated with discontinued operations228 0
Trade payables0 0
Unearned Income0
Accrued liabilities and other $ 228 228
Long-term debt, net0
Other liabilities0
Total liabilities associated with discontinued operations $ 228

Revenue from Contracts with C_3

Revenue from Contracts with Customers Revenue Performance Obligation (Details)Mar. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period1 year

Revenue from Contracts with C_4

Revenue from Contracts with Customers Disaggregation of Revenue (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Revenues $ 77,324 $ 132,704
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues53,528 92,342
Non-US [Member]
Disaggregation of Revenue [Line Items]
Revenues23,796 40,362
Completion Fluids & Products Division [Member]
Disaggregation of Revenue [Line Items]
Revenues46,522 75,237
Completion Fluids & Products Division [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues24,597 37,958
Completion Fluids & Products Division [Member] | Non-US [Member]
Disaggregation of Revenue [Line Items]
Revenues21,925 37,279
Water & Flowback Services [Member]
Disaggregation of Revenue [Line Items]
Revenues30,802 57,467
Water & Flowback Services [Member] | UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues28,931 54,384
Water & Flowback Services [Member] | Non-US [Member]
Disaggregation of Revenue [Line Items]
Revenues $ 1,871 $ 3,083

Revenue from Contracts with C_5

Revenue from Contracts with Customers Contract Assets and Liabilities (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Contract with customer, asset balances $ 16,900 $ 12,800
Unearned income $ 1,202 $ 2,675

Inventories (Details)

Inventories (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventory, Finished Goods, Gross $ 64,484 $ 68,121
Inventory, Raw Materials, Gross3,288 2,910
Other Inventory, Supplies, Gross5,018 4,001
Inventory, Work in Process, Gross1,670 1,626
Inventories $ 74,460 $ 76,658

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions3 Months Ended
Mar. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
Operating lease, initial lease term15 years
Lessee, operating lease, liability, payments, net of sublease income, due $ 5.2
Sublease Income $ 0.3
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, termination option period30 days
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term13 years
Operating lease, termination option period6 months

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Leases [Abstract]
Operating lease expense $ 3,241 $ 3,704
Short-term lease expense6,457 9,010
Total lease expense $ 9,698 $ 12,714

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases $ 3,296 $ 3,745
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 1,017 $ 4,218

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Operating leases:
Operating lease right-of-use assets $ 41,293 $ 43,448
Accrued liabilities and other8,507 8,795
Operating lease liabilities35,608 37,569
Total operating lease liabilities $ 44,115 $ 46,364

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions3 Months Ended
Mar. 31, 2021Dec. 31, 2020
Leases [Abstract]
Sublease Income $ 0.3
Weighted average remaining lease term:
Operating leases6 years 7 months 6 days6 years 9 months 18 days
Weighted average discount rate:
Operating leases9.64%9.62%

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Operating Leases
Remainder of 2021 $ 9,393
202210,827
20238,784
20247,299
20255,419
Thereafter18,474
Total lease payments60,196
Less imputed interest(16,081)
Total lease liabilities $ 44,115 $ 46,364

Investments in and Advances to

Investments in and Advances to Affiliates (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Investments in and Advances to Affiliates [Line Items]
Total Investments $ 13,320 $ 2,675
CSI Compressco
Investments in and Advances to Affiliates [Line Items]
Ownership percentage10.90%
Total Investments $ 9,533 0
Standard Lithium
Investments in and Advances to Affiliates [Line Items]
Total Investments $ 3,787 $ 2,675

Long-Term Debt and Other Borr_3

Long-Term Debt and Other Borrowings Schedule of Long Term Debt (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities $ 163,003 $ 199,894
Parent Company [Member]
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities171,160 199,894
Unamortized deferred finance costs900
Revolving Credit Facility [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt0 0
Term Loan [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt171,160 199,894
Unamortized deferred finance costs7,800 8,200
Debt Instrument, Unamortized Discount (Premium), Net $ 5,300 $ 5,500

Long-Term Debt and Other Borr_4

Long-Term Debt and Other Borrowings (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Dec. 31, 2020
Debt Instrument [Line Items]
Current portion of long-term debt $ 8,157 $ 0
Parent Company [Member]
Debt Instrument [Line Items]
Unamortized deferred finance costs900
Line of Credit [Member]
Debt Instrument [Line Items]
Debt prepayment cost8,200
Line of Credit [Member] | Parent Company [Member]
Debt Instrument [Line Items]
Value of amount outstanding0
Bank line of credit, letters of credit and guarantees6,900
Bank line of credit, net availability26,900
Term Loan [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Unamortized deferred finance costs $ 7,800 $ 8,200

Commitment and Contingencies (D

Commitment and Contingencies (Details) - USD ($)Jan. 15, 2020Mar. 31, 2021Aug. 31, 2019Mar. 01, 2018
Long-term Purchase Commitment [Line Items]
Discontinued operation, amounts of material contingent liabilities remaining, performance bonds $ 46,800,000
Damages Awarded $ 7,900,000
Within 90 Days Following Bonding Agreement Closing [Member]
Long-term Purchase Commitment [Line Items]
Discontinued operation, amounts of material contingent liabilities remaining, performance bonds47,000,000
Within 180 Days Following Bonding Agreement Closing [Member]
Long-term Purchase Commitment [Line Items]
Discontinued operation, amounts of material contingent liabilities remaining, performance bonds $ 47,000,000
Offshore Division | Discontinued Operations, Disposed of by Sale
Long-term Purchase Commitment [Line Items]
Disposal Group, Including Discontinued Operation, Consideration, Additional Receivable $ 7,500,000
Disposal Group, Including Discontinued Operation, Reserve, Other Receivables $ 1,500,000

Fair Value Measurements - Marke

Fair Value Measurements - Market Risks and Derivative Hedge Contracts (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Net asset $ 12,799 $ 2,477
CSI Compressco
Derivatives, Fair Value [Line Items]
Net asset9,533
CSI Compressco | Fair Value, Inputs, Level 1 [Member]
Derivatives, Fair Value [Line Items]
Net asset9,533
CSI Compressco | Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Net asset0
CSI Compressco | Fair Value, Inputs, Level 3 [Member]
Derivatives, Fair Value [Line Items]
Net asset0
Standard Lithium
Derivatives, Fair Value [Line Items]
Net asset3,787 (2,675)
Standard Lithium | Fair Value, Inputs, Level 1 [Member]
Derivatives, Fair Value [Line Items]
Net asset3,787 (2,675)
Standard Lithium | Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Net asset0 0
Standard Lithium | Fair Value, Inputs, Level 3 [Member]
Derivatives, Fair Value [Line Items]
Net asset0 0
Warrants liability
Derivatives, Fair Value [Line Items]
Net asset(521)(198)
Warrants liability | Fair Value, Inputs, Level 1 [Member]
Derivatives, Fair Value [Line Items]
Net asset0 0
Warrants liability | Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Net asset0 0
Warrants liability | Fair Value, Inputs, Level 3 [Member]
Derivatives, Fair Value [Line Items]
Net asset $ (521) $ (198)

Net Income (Loss) per Share (De

Net Income (Loss) per Share (Details) - shares3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Earnings Per Share [Abstract]
Weighted Average Number of Shares Outstanding, Basic126,149,000 125,587,000
Weighted Average Number Diluted Shares Outstanding Adjustment0 10,000
Weighted Average Number of Shares Outstanding, Diluted126,149,000 125,597,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount1,727

Industry Segments - Revenue, In

Industry Segments - Revenue, Income from Operations, and Assets by Reporting Segment (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Industry Segments Details [Line Items]
Revenues $ 77,324 $ 132,704
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest(11,775)3,713
Completion Fluids & Products Division [Member]
Industry Segments Details [Line Items]
Revenues46,522 75,237
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest9,010 19,396
Water & Flowback Services [Member]
Industry Segments Details [Line Items]
Revenues30,802 57,467
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest(5,480)(2,244)
Interdivision Eliminations [Member]
Industry Segments Details [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest3 5
Corporate Overhead [Member]
Industry Segments Details [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest(15,308)(13,444)
Product sales
Industry Segments Details [Line Items]
Revenues45,032 70,215
Product sales | Completion Fluids & Products Division [Member]
Industry Segments Details [Line Items]
Revenues45,019 70,190
Product sales | Water & Flowback Services [Member]
Industry Segments Details [Line Items]
Revenues13 25
Services
Industry Segments Details [Line Items]
Revenues32,292 62,489
Services | Completion Fluids & Products Division [Member]
Industry Segments Details [Line Items]
Revenues1,503 5,047
Services | Water & Flowback Services [Member]
Industry Segments Details [Line Items]
Revenues $ 30,789 $ 57,442

Industry Segments - Corporate E

Industry Segments - Corporate Expenses (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Segment Reporting Information [Line Items]
General and administrative expense $ 20,012 $ 20,348
Depreciation, amortization, and accretion8,951 9,552
Interest expense, net4,404 5,292
Warrants fair value adjustment323 (337)
Other (income) expense, net(5,095)22
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest11,943 (2,992)
Corporate Overhead [Member]
Segment Reporting Information [Line Items]
General and administrative expense13,020 8,081
Depreciation, amortization, and accretion169 197
Interest expense, net5,064 5,455
Warrants fair value adjustment323 (338)
Other (income) expense, net(3,268)49
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 15,308 $ 13,444

Industry Segments Additional De

Industry Segments Additional Details (Details) $ in Thousands3 Months Ended
Mar. 31, 2021USD ($)Mar. 31, 2020USD ($)
Industry Segments Details [Line Items]
Number of Reportable Segments2
Revenues $ 77,324 $ 132,704
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest(11,775)3,713
General and administrative expense20,012 20,348
Depreciation, amortization, and accretion8,951 9,552
Interest expense, net4,404 5,292
Warrants fair value adjustment323 (337)
Other Nonoperating Income (Expense)5,095 (22)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest(11,943)2,992
Completion Fluids & Products Division [Member]
Industry Segments Details [Line Items]
Revenues46,522 75,237
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest9,010 19,396
Water & Flowback Services [Member]
Industry Segments Details [Line Items]
Revenues30,802 57,467
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest(5,480)(2,244)
Interdivision Eliminations [Member]
Industry Segments Details [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest3 5
Corporate Overhead [Member]
Industry Segments Details [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest(15,308)(13,444)
General and administrative expense13,020 8,081
Depreciation, amortization, and accretion169 197
Interest expense, net5,064 5,455
Warrants fair value adjustment323 (338)
Other Nonoperating Income (Expense)3,268 (49)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest(15,308)(13,444)
Product sales
Industry Segments Details [Line Items]
Revenues45,032 70,215
Product sales | Completion Fluids & Products Division [Member]
Industry Segments Details [Line Items]
Revenues45,019 70,190
Product sales | Water & Flowback Services [Member]
Industry Segments Details [Line Items]
Revenues13 25
Services
Industry Segments Details [Line Items]
Revenues32,292 62,489
Services | Completion Fluids & Products Division [Member]
Industry Segments Details [Line Items]
Revenues1,503 5,047
Services | Water & Flowback Services [Member]
Industry Segments Details [Line Items]
Revenues $ 30,789 $ 57,442

Uncategorized Items - tti-20210

LabelElementValue
Stock Issued During Period, Value, Restricted Stock Award, Grossus-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross $ 6,000
Additional Paid-in Capital [Member]
Stock Issued During Period, Value, Restricted Stock Award, Grossus-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross0
Common Stock Value [Member]
Stock Issued During Period, Value, Restricted Stock Award, Grossus-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross $ 6,000