2018 Q4 Form 10-K Financial Statement

#000156459020007447 Filed on February 27, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $97.34M $93.26M $94.86M
YoY Change -9.85% -7.06% -25.84%
Cost Of Revenue $73.44M $71.11M $75.54M
YoY Change 1.5% 12.79% -13.72%
Gross Profit $23.90M $22.14M $19.32M
YoY Change -32.91% -40.63% -52.14%
Gross Profit Margin 24.55% 23.75% 20.37%
Selling, General & Admin $20.70M $27.09M $22.87M
YoY Change -33.44% -3.19% -26.86%
% of Gross Profit 86.62% 122.35% 118.35%
Research & Development $9.300M $10.20M $10.50M
YoY Change -3.13% -1.92% 1.94%
% of Gross Profit 38.92% 46.06% 54.34%
Depreciation & Amortization $9.300M $8.724M $9.001M
YoY Change 5.68% -8.34% -30.12%
% of Gross Profit 38.92% 39.4% 46.58%
Operating Expenses $30.00M $27.09M $22.87M
YoY Change -26.29% -3.19% -26.86%
Operating Profit -$98.63M -$14.08M -$3.748M
YoY Change 1831.25% -77.3% 236.45%
Interest Expense $2.300M $195.0K $151.0K
YoY Change 283.33% 1525.0% 738.89%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$96.50M -$12.39M -$1.624M
YoY Change 2044.44% -79.73% 2519.35%
Income Tax -$21.60M -$2.028M $1.418M
% Of Pretax Income
Net Earnings -$74.91M -$10.36M -$3.042M
YoY Change 4.79% -64.6% -20380.0%
Net Earnings / Revenue -76.96% -11.11% -3.21%
Basic Earnings Per Share -$2.02 -$0.28 -$0.08
Diluted Earnings Per Share -$2.02 -$0.28 -$0.08
COMMON SHARES
Basic Shares Outstanding 35.78M shares 37.12M 37.62M
Diluted Shares Outstanding 37.12M 37.62M

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $418.1M $424.1M $493.4M
YoY Change -15.23% -10.34% 12.91%
Cash & Equivalents $418.1M $424.1M $493.4M
Short-Term Investments
Other Short-Term Assets $41.52M $40.84M $34.44M
YoY Change 27.16% 62.78% -3.88%
Inventory $191.2M $242.1M $264.1M
Prepaid Expenses
Receivables $118.7M $190.4M $184.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $853.0M $897.5M $976.4M
YoY Change -15.42% -9.58% -4.73%
LONG-TERM ASSETS
Property, Plant & Equipment $274.1M $292.7M $283.0M
YoY Change -3.56% 2.13% -10.03%
Goodwill $7.714M $47.12M $47.04M
YoY Change -83.8% -2.87% -1.75%
Intangibles $34.97M $35.54M $36.14M
YoY Change -25.31% -25.18% -24.58%
Long-Term Investments
YoY Change
Other Assets $14.72M $14.48M $15.06M
YoY Change -5.7% -15.69% -8.33%
Total Long-Term Assets $339.5M $395.3M $385.3M
YoY Change -13.22% -11.16% -12.84%
TOTAL ASSETS
Total Short-Term Assets $853.0M $897.5M $976.4M
Total Long-Term Assets $339.5M $395.3M $385.3M
Total Assets $1.193B $1.293B $1.362B
YoY Change -14.81% -10.07% -7.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.69M $21.16M $20.97M
YoY Change -20.27% -11.34% -13.91%
Accrued Expenses $42.10M $35.00M $30.40M
YoY Change 13.78% 0.57% -13.14%
Deferred Revenue $7.489M $4.144M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $81.54M $68.26M $80.47M
YoY Change -18.39% -1.47% -6.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.720M $2.001M $2.720M
YoY Change 35.93%
Total Long-Term Liabilities $2.720M $2.001M $2.720M
YoY Change 35.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $81.54M $68.26M $80.47M
Total Long-Term Liabilities $2.720M $2.001M $2.720M
Total Liabilities $96.35M $101.5M $86.24M
YoY Change -8.54% 42.02% -2.65%
SHAREHOLDERS EQUITY
Retained Earnings $1.206B $1.371B $1.382B
YoY Change -13.88% -6.83% -7.95%
Common Stock $35.33M $31.40M $28.54M
YoY Change 72.72% 87.15% 119.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $71.11M
YoY Change
Treasury Stock Shares
Shareholders Equity $1.096B $1.191B $1.275B
YoY Change
Total Liabilities & Shareholders Equity $1.193B $1.293B $1.362B
YoY Change -14.81% -10.07% -7.17%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income -$74.91M -$10.36M -$3.042M
YoY Change 4.79% -64.6% -20380.0%
Depreciation, Depletion And Amortization $9.300M $8.724M $9.001M
YoY Change 5.68% -8.34% -30.12%
Cash From Operating Activities $12.90M $9.100M $12.10M
YoY Change -61.26% -74.72% -55.51%
INVESTING ACTIVITIES
Capital Expenditures -$5.400M -$7.100M -$9.000M
YoY Change -32.5% 5.97% 11.11%
Acquisitions
YoY Change
Other Investing Activities $5.700M $700.0K $10.40M
YoY Change 103.57% 16.67% -900.0%
Cash From Investing Activities $200.0K -$6.300M $1.400M
YoY Change -103.85% 3.28% -115.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.60M -70.60M -10.10M
YoY Change -18700.0% -70700.0%
NET CHANGE
Cash From Operating Activities 12.90M 9.100M 12.10M
Cash From Investing Activities 200.0K -6.300M 1.400M
Cash From Financing Activities -18.60M -70.60M -10.10M
Net Change In Cash -5.500M -67.80M 3.400M
YoY Change -119.5% -326.0% -81.01%
FREE CASH FLOW
Cash From Operating Activities $12.90M $9.100M $12.10M
Capital Expenditures -$5.400M -$7.100M -$9.000M
Free Cash Flow $18.30M $16.20M $21.10M
YoY Change -55.69% -62.06% -40.23%

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CommonStockSharesAuthorized
100000000
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35859540
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35859540
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
36264001
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
36264001
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
371000
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
376000
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
52870000
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
34953000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1181023000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1205946000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-143563000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-145113000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1090701000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1206565000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1192510000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34020000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35312000
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
40974000
CY2019 drq Release Of Contingent Consideration
ReleaseOfContingentConsideration
-2001000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
15721000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
13459000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
14270000
CY2019 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
174000
CY2018 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
98602000
CY2017 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
60968000
CY2019 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1511000
CY2018 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
6198000
CY2017 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
168000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
598000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4091000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
17231000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10783000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-17988000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-37642000
CY2018 drq Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
29843000
CY2017 drq Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
-19912000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6200000
CY2019 drq Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
57032000
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-18823000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-95695000
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-114518000
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1991206
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
100000000
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
15084000
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-10107000
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15343000
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18755000
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1765000
CY2019 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-63000
CY2018 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-118000
CY2017 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-269000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14678000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
45503000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
107993000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11501000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32061000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27622000
CY2019 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
3030000
CY2018 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
16888000
CY2017 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
3170000
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
20440000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8471000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15173000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-44892000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2181000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1616000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
560000
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
815000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26570000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000000
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-183000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24572000
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6022000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-75080000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
69683000
CY2017 drq Share Based Compensation Arrangement By Share Based Payment Award Options Exercised And Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedAndVested
208163
CY2018 drq Share Based Compensation Arrangement By Share Based Payment Award Options Exercised And Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedAndVested
261055
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1616000
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
13459000
CY2018 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
1683000
CY2018 us-gaap Stockholders Equity Other
StockholdersEquityOther
-539000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1096162000
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
1550000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
1720000
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3270000
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
615940
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
26570000
CY2019 drq Share Based Compensation Arrangement By Share Based Payment Award Options Exercised And Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedAndVested
478246
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2181000
CY2019 us-gaap Stockholders Equity Other
StockholdersEquityOther
-63000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1090701000
CY2019 drq Number Of Geographic Segments
NumberOfGeographicSegments
3
CY2019 drq Number Of Head Quarter Locations
NumberOfHeadQuarterLocations
3
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:2.5%;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:4.44%;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 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 and slow moving and excess inventories.</p>
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="font-family:Times New Roman;color:#000000;">Reclassifications</span><span style="font-family:Times New Roman;font-style:normal;color:#000000;">.  As a result of our global business transformation, certain prior period amounts have been reclassified to conform to the current period presentation as it related to product engineering and quality assurance cost. We reclassified approximately $19.1 million of engineering cost from our engineering and product development cost and approximately $2.9 million of quality assurance cost from selling, general and administrative to product cost of sales during the twelve months ended December 31, 2018.</span> We reclassified approximately $22.2 million of engineering cost from our engineering and product development cost and approximately $2.7 million of quality assurance cost from selling, general and administrative to product cost of sales during the twelve months ended December 31, 2017. These reclassifications did not have an impact on our Condensed Consolidated Statements of Income (Loss), Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Comprehensive Income (Loss), Condensed Consolidated Statements of Stockholders’ Equity and Condensed Consolidated Statements of Cash Flows<span style="font-family:Times New Roman;color:#000000;">.</span>
CY2018 drq Reclassified From Engineering Cost To Product Development Cost
ReclassifiedFromEngineeringCostToProductDevelopmentCost
19100000
CY2018 drq Reclassified From Selling General And Administrative Cost To Product Cost Of Sales
ReclassifiedFromSellingGeneralAndAdministrativeCostToProductCostOfSales
2900000
CY2017 drq Reclassified From Engineering Cost To Product Development Cost
ReclassifiedFromEngineeringCostToProductDevelopmentCost
22200000
CY2017 drq Reclassified From Selling General And Administrative Cost To Product Cost Of Sales
ReclassifiedFromSellingGeneralAndAdministrativeCostToProductCostOfSales
2700000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Restructuring Costs
RestructuringCosts
4400000
CY2018 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
60000000.0
CY2019 us-gaap Severance Costs1
SeveranceCosts1
0
CY2018 us-gaap Severance Costs1
SeveranceCosts1
7300000
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
32100000
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
14900000
CY2018 us-gaap Restructuring Costs
RestructuringCosts
5700000
CY2018Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
38600000
CY2019 drq Number Of Projects
NumberOfProjects
36
CY2019 drq Percentage Of Cumulative Revenue
PercentageOfCumulativeRevenue
0.205
CY2019 drq Percentage Of Product Revenue
PercentageOfProductRevenue
0.280
CY2018 drq Number Of Projects
NumberOfProjects
22
CY2018 drq Percentage Of Cumulative Revenue
PercentageOfCumulativeRevenue
0.160
CY2018 drq Percentage Of Product Revenue
PercentageOfProductRevenue
0.230
CY2019 drq Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
1300000
CY2018 drq Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
800000
CY2017 drq Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
-12700000
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:2.5%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.44%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments which subject the Company to concentrations of credit risk primarily include trade receivables. The Company grants credit to its customers, which operate primarily in the oil and gas industry. The Company performs periodic credit </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">evaluations of its customers’ financial condition and generally does not require collateral. The Company maintains reserves for potential losses, and actual losses have historically been within management’s expectations.</span></p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.44%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In addition, the Company invests excess cash in interest bearing accounts, money market mutual funds and funds which invest in obligations of the U.S. Treasury and repurchase agreements backed by U.S. Treasury obligations. Changes in the financial markets and interest rates could affect the interest earned on short-term investments.</p>
CY2019 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
35000000
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
136332000
CY2019Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
111100000
CY2019Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.658
CY2019Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2019Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.342
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
375297000
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
83188000
CY2019 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
88144000
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
46282000
CY2018Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
55878000
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
54171000
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
51251000
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
175629000
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
192632000
CY2019Q4 us-gaap Inventory Gross
InventoryGross
276082000
CY2018Q4 us-gaap Inventory Gross
InventoryGross
299761000
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
71020000
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
108567000
CY2019Q4 us-gaap Inventory Net
InventoryNet
205062000
CY2018Q4 us-gaap Inventory Net
InventoryNet
191194000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
604332000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
595515000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
371365000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
349701000
CY2019Q4 drq Property Plant And Equipment Less Accumulated Depreciation
PropertyPlantAndEquipmentLessAccumulatedDepreciation
232967000
CY2018Q4 drq Property Plant And Equipment Less Accumulated Depreciation
PropertyPlantAndEquipmentLessAccumulatedDepreciation
245814000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
258497000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
274123000
CY2019 us-gaap Depreciation
Depreciation
31000000.0
CY2018 us-gaap Depreciation
Depreciation
32800000
CY2017 us-gaap Depreciation
Depreciation
38600000
CY2019 us-gaap Restructuring Costs
RestructuringCosts
4400000
CY2019Q1 us-gaap Severance Costs1
SeveranceCosts1
1100000
CY2018 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
60000000.0
CY2018 us-gaap Severance Costs1
SeveranceCosts1
7300000
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
32100000
CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
14900000
CY2018 us-gaap Restructuring Costs
RestructuringCosts
5700000
CY2018Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
38600000
CY2018Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
38600000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018Q4 us-gaap Goodwill
Goodwill
7714000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
233000
CY2019Q4 us-gaap Goodwill
Goodwill
7947000
CY2017Q4 us-gaap Goodwill
Goodwill
47624000
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
38559000
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2018Q4 us-gaap Goodwill
Goodwill
7714000
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1351000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
172000
CY2019Q4 drq Indefinite Lived Intangible Assets Accumulated Foreign Currency Translation Gain Loss
IndefiniteLivedIntangibleAssetsAccumulatedForeignCurrencyTranslationGainLoss
7000
CY2019Q4 drq Indefinite Lived Intangible Assets Excluding Goodwill Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
179000
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
40234000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8165000
CY2019Q4 drq Finite Lived Intangible Assets Accumulated Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsAccumulatedForeignCurrencyTranslationGainLoss
176000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
32245000
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
172000
CY2018Q4 drq Indefinite Lived Intangible Assets Excluding Goodwill Net
IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
172000
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
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
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3000000.0
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2900000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2900000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2800000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2600000
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
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
2100000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5144000
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
437000
CY2019Q4 drq Operating Lease And Finance Lease Right Of Use Asset Net
OperatingLeaseAndFinanceLeaseRightOfUseAssetNet
5581000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1314000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
228000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3801000
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
224000
CY2019Q4 drq Operating And Finance Lease Liability Net
OperatingAndFinanceLeaseLiabilityNet
5567000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0241
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6861000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1797000
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
31000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseAndFinanceLeaseLiabilityUndiscountedExcessAmount
1828000
CY2019 us-gaap Lease Cost
LeaseCost
4203000
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3800000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5400000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6000000.0
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due In Next Twelve Months
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueInNextTwelveMonths
1700000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearTwo
900000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Three
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearThree
500000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFour
400000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFive
300000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year After Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearAfterYearFive
3500000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1486000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
244000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1730000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
711000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
142000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearTwo
853000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
461000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
53000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Three
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearThree
514000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
361000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
25000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFour
386000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
329000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
20000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFive
349000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3513000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year After Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearAfterYearFive
3513000
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
484000
CY2019Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDue
7345000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5064000
CY2019Q4 us-gaap Finance Lease Liability
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453000
CY2019Q4 drq Operating Lease And Finance Lease Liability
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5517000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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2000000.0
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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1500000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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800000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
500000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
400000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
4200000
CY2018 us-gaap Earnings Per Share Diluted
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CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7944000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-15203000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
17764000
CY2019 drq Effective Income Tax Rate Reconciliation Tax Credit Foreign
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CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
20435000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8513000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9163000
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.043
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
1737000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
28000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
183000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-51041000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-120784000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-84278000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
61470000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5795000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
18634000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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10429000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-114989000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-65644000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
20592000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
765000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4091000
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2019 drq Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
765000
CY2018 drq Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
-4091000
CY2017 drq Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
17231000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8709000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34995000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.1620
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.0094
CY2018 drq Effective Income Tax Rate Reconciliation Tax Credit Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditForeign
0.0024
CY2017 drq Effective Income Tax Rate Reconciliation Tax Credit Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditForeign
0.0178
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.0521
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0314
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.8350
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1678
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.5331
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
4817000
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
2918000
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
17777000
CY2018Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
28181000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
18991000
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4899000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
358000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1729000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
2732000
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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3357000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Foreign
EffectiveIncomeTaxRateReconciliationTaxContingenciesForeign
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Foreign
EffectiveIncomeTaxRateReconciliationTaxContingenciesForeign
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017TransitionTaxOnAccumulatedForeignEarningsPercent
5.80
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017TransitionTaxOnAccumulatedForeignEarningsPercent
-28.62
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2017 drq Effective Income Tax Rate Reconciliation Foreign Intellectual Property Transfer
EffectiveIncomeTaxRateReconciliationForeignIntellectualPropertyTransfer
0.1606
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 drq Effective Tax Rate Reconciliation Changes To Previous Years Accruals
EffectiveTaxRateReconciliationChangesToPreviousYearsAccruals
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EffectiveTaxRateReconciliationChangesToPreviousYearsAccruals
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CY2017 drq Effective Tax Rate Reconciliation Changes To Previous Years Accruals
EffectiveTaxRateReconciliationChangesToPreviousYearsAccruals
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CY2019 drq Effective Income Tax Rate Reconciliation Deferred Rate Change
EffectiveIncomeTaxRateReconciliationDeferredRateChange
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CY2018 drq Effective Income Tax Rate Reconciliation Deferred Rate Change
EffectiveIncomeTaxRateReconciliationDeferredRateChange
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CY2017 drq Effective Income Tax Rate Reconciliation Deferred Rate Change
EffectiveIncomeTaxRateReconciliationDeferredRateChange
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2018 drq Effective Income Tax Rate Reconciliation Interest On Equity Percent
EffectiveIncomeTaxRateReconciliationInterestOnEquityPercent
0.0102
CY2017 drq Effective Income Tax Rate Reconciliation Interest On Equity Percent
EffectiveIncomeTaxRateReconciliationInterestOnEquityPercent
0.0315
CY2019 drq Effective Income Tax Rate Reconciliation Tax Credit
EffectiveIncomeTaxRateReconciliationTaxCredit
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CY2018 drq Effective Income Tax Rate Reconciliation Tax Credit
EffectiveIncomeTaxRateReconciliationTaxCredit
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CY2017 drq Effective Income Tax Rate Reconciliation Tax Credit
EffectiveIncomeTaxRateReconciliationTaxCredit
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CY2019 drq Effective Income Tax Rate Reconciliation Branch Income Tax Rate Differential
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CY2018 drq Effective Income Tax Rate Reconciliation Branch Income Tax Rate Differential
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019Q4 drq Deferred Tax Asset Stock Options
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CY2018Q4 drq Deferred Tax Asset Stock Options
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3908000
CY2019Q4 drq Deferred Tax Assets Unrealized Gains Losses
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1862000
CY2019Q4 us-gaap Deferred Tax Assets Other
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867000
CY2018Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1003000
CY2019Q4 us-gaap Deferred Tax Assets Gross
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CY2018Q4 us-gaap Deferred Tax Assets Gross
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45995000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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34464000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
31833000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5757000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
6601000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
2092000
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
881000
CY2019Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
1830000
CY2019Q4 us-gaap Deferred Tax Liabilities Other
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1257000
CY2018Q4 us-gaap Deferred Tax Liabilities Other
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1151000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
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10936000
CY2018Q4 us-gaap Deferred Income Tax Liabilities
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8633000
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4786000
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
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5529000
CY2019Q4 us-gaap Operating Loss Carryforwards
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CY2019Q4 us-gaap Operating Loss Carryforwards
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CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2019Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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18323000
CY2016Q4 us-gaap Unrecognized Tax Benefits
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5151000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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325000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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3628000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1100000
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2019 us-gaap Income Taxes Paid Net
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CY2018 us-gaap Income Taxes Paid Net
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CY2017 us-gaap Income Taxes Paid Net
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CY2019Q2 us-gaap Earnings Per Share Diluted
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CY2019Q4 us-gaap Other Accrued Liabilities Current
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CY2018Q1 us-gaap Operating Income Loss
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CY2018Q3 us-gaap Operating Income Loss
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CY2018Q4 us-gaap Operating Income Loss
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CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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10289000
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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3495000
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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CY2018Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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CY2019Q4 us-gaap Accrued Sales Commission Current
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CY2018Q4 us-gaap Accrued Sales Commission Current
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CY2019Q4 us-gaap Accrued Payroll Taxes Current
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CY2018Q4 us-gaap Accrued Payroll Taxes Current
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CY2018Q4 us-gaap Product Warranty Accrual
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CY2018Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
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CY2019Q4 us-gaap Other Sundry Liabilities Current
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CY2018Q4 us-gaap Other Accrued Liabilities Current
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CY2019 us-gaap Defined Contribution Plan Cost Recognized
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CY2018 us-gaap Defined Contribution Plan Cost Recognized
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CY2017 us-gaap Defined Contribution Plan Cost Recognized
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CY2018Q4 us-gaap Net Income Loss
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CY2018Q4 us-gaap Noncurrent Assets
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CY2019Q4 us-gaap Assets
Assets
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CY2018Q4 us-gaap Assets
Assets
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CY2019 drq Number Of Geographic Segments
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3
CY2019 drq Number Of Head Quarter Locations
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2120000
CY2019Q3 us-gaap Operating Income Loss
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CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
48.77
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
44000
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
66.74
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
132375
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
67.85
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
132375
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
67.85
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.02
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
6064000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-6051000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
1720000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-95695000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-100639000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35839000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37075000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37457000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
313000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36152000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37075000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37457000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1681000
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-1310000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
7400000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.58
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.69
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
403179
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
43.18
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
186730
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
44.35
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
218180
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
44.22
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
23039
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
43.08
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
348690
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
43.16
CY2019 drq Share Based Compensation Arrangement By Share Based Payment Award Number Of Securities To Be Issued Upon Exercise Of Outstanding Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSecuritiesToBeIssuedUponExerciseOfOutstandingOptions
400925
CY2019Q4 drq Outstanding Stock Options Weighted Average Exercise Price
OutstandingStockOptionsWeightedAverageExercisePrice
67.85
CY2019 drq Share Based Compensation Arrangement By Share Based Payment Award Number Of Securities Remaining Available For Future Issuance Under Equity Compensation Plan
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSecuritiesRemainingAvailableForFutureIssuanceUnderEquityCompensationPlan
597780
CY2019 drq Percentage Of Achievement Of Performance Conditions
PercentageOfAchievementOfPerformanceConditions
1
CY2019Q1 us-gaap Cost Of Revenue
CostOfRevenue
69376000
CY2019Q2 us-gaap Cost Of Revenue
CostOfRevenue
73867000
CY2019Q3 us-gaap Cost Of Revenue
CostOfRevenue
76023000
CY2019Q4 us-gaap Cost Of Revenue
CostOfRevenue
75741000
CY2019Q1 us-gaap Gross Profit
GrossProfit
24941000
CY2019Q2 us-gaap Gross Profit
GrossProfit
29941000
CY2019Q3 us-gaap Gross Profit
GrossProfit
32204000
CY2019Q4 us-gaap Gross Profit
GrossProfit
32713000
CY2019Q1 us-gaap Revenues
Revenues
94317000
CY2019Q2 us-gaap Revenues
Revenues
103808000
CY2019Q3 us-gaap Revenues
Revenues
108227000
CY2019Q4 us-gaap Revenues
Revenues
108454000
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2018Q1 us-gaap Revenues
Revenues
99173000
CY2018Q2 us-gaap Revenues
Revenues
94861000
CY2018Q3 us-gaap Revenues
Revenues
93257000
CY2018Q4 us-gaap Revenues
Revenues
97335000
CY2018Q1 us-gaap Cost Of Revenue
CostOfRevenue
73485000
CY2018Q2 us-gaap Cost Of Revenue
CostOfRevenue
75537000
CY2018Q3 us-gaap Cost Of Revenue
CostOfRevenue
71113000
CY2018Q4 us-gaap Cost Of Revenue
CostOfRevenue
73438000
CY2018Q1 us-gaap Gross Profit
GrossProfit
25688000
CY2018Q2 us-gaap Gross Profit
GrossProfit
19324000
CY2018Q3 us-gaap Gross Profit
GrossProfit
22144000
CY2018Q4 us-gaap Gross Profit
GrossProfit
23897000

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