$INVX
Innovex International, Inc.

2019 Q2 Form 10-Q Financial Statement

#000156459019026145 Filed on July 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $103.8M $94.86M $99.17M
YoY Change 9.43% -25.84% -16.82%
Cost Of Revenue $73.87M $75.54M $73.49M
YoY Change -2.21% -13.72% -10.86%
Gross Profit $29.94M $19.32M $25.69M
YoY Change 54.94% -52.14% -30.17%
Gross Profit Margin 28.84% 20.37% 25.9%
Selling, General & Admin $22.84M $22.87M $27.55M
YoY Change -0.15% -26.86% 6.74%
% of Gross Profit 76.27% 118.35% 107.24%
Research & Development $5.200M $10.50M $9.400M
YoY Change -50.48% 1.94% -21.01%
% of Gross Profit 17.37% 54.34% 36.59%
Depreciation & Amortization $8.495M $9.001M $8.241M
YoY Change -5.62% -30.12% -16.18%
% of Gross Profit 28.37% 46.58% 32.08%
Operating Expenses $22.84M $22.87M $27.55M
YoY Change -0.15% -26.86% 6.74%
Operating Profit $2.120M -$3.748M -$6.277M
YoY Change -156.56% 236.45% 621.49%
Interest Expense $2.900M $151.0K $2.000K
YoY Change 1820.53% 738.89% -86.67%
% of Operating Profit 136.79%
Other Income/Expense, Net
YoY Change
Pretax Income $4.800M -$1.624M -$4.482M
YoY Change -395.57% 2519.35% -8719.23%
Income Tax $3.119M $1.418M $2.901M
% Of Pretax Income 64.98%
Net Earnings $1.681M -$3.042M -$7.383M
YoY Change -155.26% -20380.0% -7954.26%
Net Earnings / Revenue 1.62% -3.21% -7.44%
Basic Earnings Per Share $0.05 -$0.08 -$0.20
Diluted Earnings Per Share $0.05 -$0.08 -$0.20
COMMON SHARES
Basic Shares Outstanding 35.97M 37.62M 37.73M
Diluted Shares Outstanding 36.21M 37.62M 37.73M

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $423.1M $493.4M $495.6M
YoY Change -14.25% 12.91% 19.65%
Cash & Equivalents $423.1M $493.4M $495.6M
Short-Term Investments
Other Short-Term Assets $32.00M $34.44M $36.62M
YoY Change -7.1% -3.88% -3.14%
Inventory $194.5M $264.1M $276.0M
Prepaid Expenses
Receivables $218.5M $184.5M $193.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $868.1M $976.4M $1.002B
YoY Change -11.09% -4.73% -0.51%
LONG-TERM ASSETS
Property, Plant & Equipment $265.6M $283.0M $288.5M
YoY Change -6.16% -10.03% -9.85%
Goodwill $7.633M $47.04M $47.82M
YoY Change -83.77% -1.75% 2.8%
Intangibles $33.81M $36.14M $46.31M
YoY Change -6.44% -24.58% -4.03%
Long-Term Investments
YoY Change
Other Assets $14.44M $15.06M $16.08M
YoY Change -4.06% -8.33% -4.19%
Total Long-Term Assets $333.8M $385.3M $395.7M
YoY Change -13.37% -12.84% -11.32%
TOTAL ASSETS
Total Short-Term Assets $868.1M $976.4M $1.002B
Total Long-Term Assets $333.8M $385.3M $395.7M
Total Assets $1.202B $1.362B $1.398B
YoY Change -11.73% -7.17% -3.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.68M $20.97M $25.28M
YoY Change 65.41% -13.91% -1.63%
Accrued Expenses $39.10M $30.40M $28.50M
YoY Change 28.62% -13.14% -1.38%
Deferred Revenue $4.144M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K
YoY Change
Total Short-Term Liabilities $87.10M $80.47M $87.24M
YoY Change 8.24% -6.7% 4.86%
LONG-TERM LIABILITIES
Long-Term Debt $200.0K $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.231M $2.720M $2.001M
YoY Change -17.98%
Total Long-Term Liabilities $2.231M $2.720M $2.001M
YoY Change -17.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.10M $80.47M $87.24M
Total Long-Term Liabilities $2.231M $2.720M $2.001M
Total Liabilities $104.8M $86.24M $92.75M
YoY Change 21.48% -2.65% 8.49%
SHAREHOLDERS EQUITY
Retained Earnings $1.200B $1.382B $1.394B
YoY Change -13.19% -7.95% -7.14%
Common Stock $43.43M $28.54M $24.35M
YoY Change 52.15% 119.07% 157.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.097B $1.275B $1.305B
YoY Change
Total Liabilities & Shareholders Equity $1.202B $1.362B $1.398B
YoY Change -11.73% -7.17% -3.83%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $1.681M -$3.042M -$7.383M
YoY Change -155.26% -20380.0% -7954.26%
Depreciation, Depletion And Amortization $8.495M $9.001M $8.241M
YoY Change -5.62% -30.12% -16.18%
Cash From Operating Activities $9.900M $12.10M $11.39M
YoY Change -18.18% -55.51% -0.77%
INVESTING ACTIVITIES
Capital Expenditures -$1.100M -$9.000M $10.57M
YoY Change -87.78% 11.11% 118.09%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $1.300M $10.40M $100.0K
YoY Change -87.5% -900.0% -100.52%
Cash From Investing Activities $200.0K $1.400M -$10.50M
YoY Change -85.71% -115.05% -56.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -900.0K -10.10M 52.00K
YoY Change -91.09% -87.1%
NET CHANGE
Cash From Operating Activities 9.900M 12.10M 11.39M
Cash From Investing Activities 200.0K 1.400M -10.50M
Cash From Financing Activities -900.0K -10.10M 52.00K
Net Change In Cash 9.200M 3.400M 940.0K
YoY Change 170.59% -81.01% -107.58%
FREE CASH FLOW
Cash From Operating Activities $9.900M $12.10M $11.39M
Capital Expenditures -$1.100M -$9.000M $10.57M
Free Cash Flow $11.00M $21.10M $817.0K
YoY Change -47.87% -40.23% -87.68%

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ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-595000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-4133000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5026000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
242000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
418100000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
493180000
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
423126000
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1095405000
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1681000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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CY2019Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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StockholdersEquityOther
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CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-24708000
CY2018Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
219102000
CY2018Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2018Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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us-gaap Net Income Loss
NetIncomeLoss
-10421000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
1786000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
219102000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
9830000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7585000
us-gaap Stockholders Equity Other
StockholdersEquityOther
-231000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
1275447000
drq Number Of Geographic Segments
NumberOfGeographicSegments
3
drq Number Of Head Quarter Locations
NumberOfHeadQuarterLocations
3
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:2.36%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Some of the Company’s more significant estimates are those affected by critical accounting policies for revenue recognition, inventories and contingent liabilities.</p>
drq Number Of Product Revenue Sources
NumberOfProductRevenueSources
2
CY2019Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
68400000
CY2018Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
57000000.0
CY2019Q2 drq Number Of Projects
NumberOfProjects
24
CY2019Q2 drq Percentage Of Cumulative Revenue
PercentageOfCumulativeRevenue
0.210
CY2019Q2 drq Percentage Of Product Revenue
PercentageOfProductRevenue
0.290
CY2018Q2 drq Number Of Projects
NumberOfProjects
9
CY2018Q2 drq Percentage Of Cumulative Revenue
PercentageOfCumulativeRevenue
0.130
CY2018Q2 drq Percentage Of Product Revenue
PercentageOfProductRevenue
0.190
drq Number Of Projects
NumberOfProjects
24
drq Percentage Of Cumulative Revenue
PercentageOfCumulativeRevenue
0.200
drq Percentage Of Product Revenue
PercentageOfProductRevenue
0.270
drq Number Of Projects
NumberOfProjects
10
drq Percentage Of Cumulative Revenue
PercentageOfCumulativeRevenue
0.130
drq Percentage Of Product Revenue
PercentageOfProductRevenue
0.180
drq Number Of Service Revenue Sources
NumberOfServiceRevenueSources
2
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:2.36%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Lease revenues</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.17%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company earns lease revenues from the rental of running tools. Rental revenues are recognized within leasing revenues on a day rate basis over the lease term, which is generally between one to three months.</p>
CY2019Q2 us-gaap Severance Costs1
SeveranceCosts1
1000000.0
us-gaap Severance Costs1
SeveranceCosts1
3400000
CY2019Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
39.87
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
39.80
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35967000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37615000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35764000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37672000
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
243000
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36210000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37615000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35764000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37672000
CY2018Q2 drq Reclassified From Engineering Cost To Product Development Cost
ReclassifiedFromEngineeringCostToProductDevelopmentCost
5200000
drq Reclassified From Engineering Cost To Product Development Cost
ReclassifiedFromEngineeringCostToProductDevelopmentCost
10300000
CY2018Q2 drq Reclassified From Selling General And Administrative Cost To Product Cost Of Sales
ReclassifiedFromSellingGeneralAndAdministrativeCostToProductCostOfSales
900000
drq Reclassified From Selling General And Administrative Cost To Product Cost Of Sales
ReclassifiedFromSellingGeneralAndAdministrativeCostToProductCostOfSales
1600000
CY2019Q2 drq Engineering Cost
EngineeringCost
4100000
drq Engineering Cost
EngineeringCost
8300000
CY2019Q2 drq Quality Assurance Costs
QualityAssuranceCosts
900000
drq Quality Assurance Costs
QualityAssuranceCosts
1600000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
177718000
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
83188000
us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
47729000
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
25531000
CY2019Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
105386000
CY2019Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
105400000
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
83200000
CY2019Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
68400000
CY2018Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
57000000.0
CY2019Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
78000000.0
CY2019Q2 drq Allocated Share Based Compensation Expense Capitalized
AllocatedShareBasedCompensationExpenseCapitalized
0
drq Allocated Share Based Compensation Expense Capitalized
AllocatedShareBasedCompensationExpenseCapitalized
0
CY2018Q2 drq Allocated Share Based Compensation Expense Capitalized
AllocatedShareBasedCompensationExpenseCapitalized
0
drq Allocated Share Based Compensation Expense Capitalized
AllocatedShareBasedCompensationExpenseCapitalized
0
CY2019Q2 drq Indefinite Lived Intangible Assets Accumulated Foreign Currency Translation Gain Loss
IndefiniteLivedIntangibleAssetsAccumulatedForeignCurrencyTranslationGainLoss
-1000
CY2019Q2 drq Indefinite Lived Intangible Assets Excluding Goodwill Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
171000
CY2019Q2 drq Finite And Indefinite Lived Intangible Assets Gross
FiniteAndIndefiniteLivedIntangibleAssetsGross
40234000
CY2019Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
46291000
CY2018Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
55878000
CY2019Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
54325000
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
51251000
CY2019Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
188326000
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
192632000
CY2019Q2 us-gaap Inventory Gross
InventoryGross
288942000
CY2018Q4 us-gaap Inventory Gross
InventoryGross
299761000
CY2019Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
94429000
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
108567000
CY2019Q2 us-gaap Inventory Net
InventoryNet
194513000
CY2018Q4 us-gaap Inventory Net
InventoryNet
191194000
CY2018Q4 us-gaap Goodwill
Goodwill
7714000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-81000
CY2019Q2 us-gaap Goodwill
Goodwill
7633000
CY2019Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
172000
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6453000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5699000
CY2019Q2 drq Finite Lived Intangible Assets Accumulated Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsAccumulatedForeignCurrencyTranslationGainLoss
30000
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
33811000
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
172000
CY2018Q4 drq Indefinite Lived Intangible Assets Excluding Goodwill Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
172000
CY2018Q4 drq Finite And Indefinite Lived Intangible Assets Gross
FiniteAndIndefiniteLivedIntangibleAssetsGross
40308000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4991000
CY2018Q4 drq Finite Lived Intangible Assets Accumulated Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsAccumulatedForeignCurrencyTranslationGainLoss
-343000
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
34974000
CY2019Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
5500000
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1600000
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3900000
CY2019Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
600000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1100000
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4295000
CY2019Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
518000
CY2019Q2 drq Operating Lease And Finance Lease Right Of Use Asset Net
OperatingLeaseAndFinanceLeaseRightOfUseAssetNet
4813000
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1276000
CY2019Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
310000
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3005000
CY2019Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
229000
CY2019Q2 drq Operating And Finance Lease Liability Net
OperatingAndFinanceLeaseLiabilityNet
4820000
CY2019Q2 us-gaap Lease Cost
LeaseCost
1058000
us-gaap Lease Cost
LeaseCost
2062000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
727000
CY2019Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
194000
CY2019Q2 drq Lessee Operating Lease And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
921000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1231000
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
224000
CY2019Q2 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearTwo
1455000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
523000
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
122000
CY2019Q2 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Three
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearThree
645000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
274000
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
31000
CY2019Q2 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFour
305000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
177000
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
4000
CY2019Q2 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFive
181000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2767000
CY2019Q2 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year After Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearAfterYearFive
2767000
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
575000
CY2019Q2 drq Lessee Operating Lease And Finance Lease Liability Payments Due
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDue
6274000
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1476000
CY2019Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
39000
CY2019Q2 drq Lessee Operating Lease And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseAndFinanceLeaseLiabilityUndiscountedExcessAmount
1515000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
4223000
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
536000
CY2019Q2 drq Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
4759000
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.043
us-gaap Operating Lease Payments
OperatingLeasePayments
395000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8000
CY2018Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
2000000.0
CY2018Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearTwo
1500000
CY2018Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Three
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearThree
800000
CY2018Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFour
500000
CY2018Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFive
400000
CY2018Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year After Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearAfterYearFive
4200000
CY2019Q2 us-gaap Revenues
Revenues
103808000
CY2018Q2 us-gaap Revenues
Revenues
94861000
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8495000
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9001000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4800000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1624000
us-gaap Revenues
Revenues
198125000
us-gaap Revenues
Revenues
194034000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16851000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17242000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1083000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6103000
CY2019Q2 us-gaap Noncurrent Assets
NoncurrentAssets
333758000
CY2018Q4 us-gaap Noncurrent Assets
NoncurrentAssets
339529000
CY2019Q2 us-gaap Assets
Assets
1201901000
CY2018Q4 us-gaap Assets
Assets
1192510000
drq Number Of Geographic Segments
NumberOfGeographicSegments
3
drq Number Of Head Quarter Locations
NumberOfHeadQuarterLocations
3
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.650
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
5.035
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.874
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.708

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