0000071829-23-000124 | 10-Q | XBRL Viewer

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Earnings Per Share - Weighted-average Potential Shares Excluded from Diluted Net Income Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Stock options and restricted stock awards (in shares)	1,330	5,169	1,035	5,432

Inventories

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following:


(In thousands)	June 30, 2023		December 31, 2022
Raw materials:
Fluids Systems	$	111,317	$	110,623
Industrial Solutions	5,432		3,966
Total raw materials	116,749		114,589
Blended fluids systems components	19,292		29,244
Finished goods - mats	11,072		5,738
Total inventories	$	147,113	$	149,571

Raw materials for the Fluids Systems segment consist primarily of chemicals and other additives that are consumed in the production of our fluids systems. Raw materials for the Industrial Solutions segment consist primarily of resins, chemicals, and other materials used to manufacture composite mats, as well as materials that are consumed in providing ground protection

and other services to our customers. Our blended fluids systems components consist of base fluids systems that have been either mixed internally at our blending facilities or purchased from third-party vendors. These base fluids systems require raw materials to be added, as needed to meet specified customer requirements.

The Fluids Systems segment operating results for the second quarter of 2023 includes $2.6 million of total charges for inventory write-downs (as described in Note 11).

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Paid-In Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Treasury Stock
Beginning balance at Dec. 31, 2021	$ 462,386	$ 1,093	$ 634,929	$ (61,480)	$ 24,345	$ (136,501)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(5,231)				(5,231)
Employee stock options, restricted stock and employee stock purchase plan	(2,281)	20	(834)		(1,023)	(444)
Stock-based compensation expense	3,198		3,198
Foreign currency translation, net of tax	(7,321)			(7,321)
Ending balance at Jun. 30, 2022	450,751	1,113	637,293	(68,801)	18,091	(136,945)
Beginning balance at Mar. 31, 2022	465,143	1,093	636,397	(62,708)	26,866	(136,505)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(7,752)				(7,752)
Employee stock options, restricted stock and employee stock purchase plan	(2,277)	20	(834)		(1,023)	(440)
Stock-based compensation expense	1,730		1,730
Foreign currency translation, net of tax	(6,093)			(6,093)
Ending balance at Jun. 30, 2022	450,751	1,113	637,293	(68,801)	18,091	(136,945)
Beginning balance at Dec. 31, 2022	423,028	1,115	641,266	(67,186)	2,489	(154,656)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	7,322				7,322
Employee stock options, restricted stock and employee stock purchase plan	(1,668)	2	(7,129)		(5,908)	11,367
Stock-based compensation expense	3,298		3,298
Treasury shares purchased at cost	(20,149)					(20,149)
Foreign currency translation, net of tax	2,302			2,302
Ending balance at Jun. 30, 2023	414,133	1,117	637,435	(64,884)	3,903	(163,438)
Beginning balance at Mar. 31, 2023	417,229	1,115	643,004	(65,187)	8,109	(169,812)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,702				1,702
Employee stock options, restricted stock and employee stock purchase plan	(1,661)	2	(7,129)		(5,908)	11,374
Stock-based compensation expense	1,560		1,560
Treasury shares purchased at cost	(5,000)					(5,000)
Foreign currency translation, net of tax	303			303
Ending balance at Jun. 30, 2023	$ 414,133	$ 1,117	$ 637,435	$ (64,884)	$ 3,903	$ (163,438)

Supplemental Disclosures to the Statements of Cash Flows - Supplemental Disclosures of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash paid for:
Income taxes (net of refunds)	$ 4,503	$ 5,508
Interest	$ 4,025	$ 2,110

Repurchase Program (Details) - USD ($)	3 Months Ended	6 Months Ended
Repurchase Program (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Feb. 28, 2023
Equity, Class of Treasury Stock [Line Items]
Treasury shares purchased at cost	$ 5,000,000	$ 20,149,000
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount				$ 50,000,000
Stock repurchase program, remaining authorized repurchase amount	$ 30,100,000	$ 30,100,000
Shares repurchased (in shares)		4,600,000	0
Treasury shares purchased at cost		$ 20,100,000

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory [Line Items]
Total raw materials	$ 116,749	$ 114,589
Total inventories	147,113	149,571
Fluids Systems
Inventory [Line Items]
Total raw materials	111,317	110,623
Industrial Solutions
Inventory [Line Items]
Total raw materials	5,432	3,966
Blended fluids systems components
Inventory [Line Items]
Finished goods	19,292	29,244
Finished goods - mats
Inventory [Line Items]
Finished goods	$ 11,072	$ 5,738

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe provision for income taxes was $4.2 million for the first half of 2023, reflecting an effective tax rate of 37%. The 2023 provision for income taxes reflects the impact from the geographic composition of our earnings and was unfavorably impacted by losses in certain international jurisdictions in which we are unable to recognize a related tax benefit, partially offset by the benefit associated with a partial valuation allowance release to recognize a portion of previously unbenefited U.S. net operating losses. The benefit for income taxes was $2.3 million for the first half of 2022, which includes an income tax benefit of $3.1 million related to the restructuring of certain subsidiary legal entities within Europe, as the undistributed earnings for an international subsidiary are no longer subject to certain taxes upon future distribution.

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Segment Reporting	We currently operate our business through two reportable segments: Fluids Systems and Industrial Solutions. In addition, we had a third reportable segment, Industrial Blending, which was exited in 2022. We have reflected these three reportable segments for all periods presented in this Quarterly Report on Form 10-Q. •Our Fluids Systems segment provides customized drilling and completion fluids products and related technical services to oil and natural gas exploration and production (“E&P”) customers primarily in North America and Europe, the Middle East and Africa (“EMEA”), as well as certain countries in Asia Pacific. In the fourth quarter of 2022, we exited two of our Fluids Systems business units, including our U.S.-based mineral grinding business as well as our Gulf of Mexico fluids operations (see Note 11 for additional information). Additionally, in June 2023, we announced that we have engaged Lazard to assist us in a review of strategic alternatives for the long-term positioning of our Fluids Systems division. •Our Industrial Solutions segment provides temporary worksite access solutions, including the rental of our recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, E&P, pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and United Kingdom. We also manufacture and sell our recyclable composite mats to customers around the world, with power transmission being the primary end-market. •Our Industrial Blending segment began operations in 2020 and supported industrial end-markets, including the production of disinfectants and industrial cleaning products. We completed the wind down of the Industrial Blending business in the first quarter of 2022, and we completed the sale of the industrial blending assets in the fourth quarter of 2022.

Repurchase Program	6 Months Ended
Repurchase Program	Jun. 30, 2023
Equity [Abstract]
Repurchase Program	Repurchase Program In February 2023, our Board of Directors approved certain changes to our repurchase program and increased the total authorization available to $50.0 million. Our repurchase program authorizes us to purchase outstanding shares of our common stock in the open market or as otherwise determined by management, subject to certain limitations under the Amended ABL Facility (as defined in Note 7) and other factors. The repurchase program has no specific term. Repurchases are expected to be funded from borrowings under our Amended ABL Facility, operating cash flows, and available cash on hand. As part of the share repurchase program, our management has been authorized to establish trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934. As of June 30, 2023, we had $30.1 million remaining under the program. During the first half of 2023, we repurchased an aggregate of 4.6 million shares of our common stock under the repurchase program for a total cost of $20.1 million, inclusive of commissions and excise taxes. There were no shares of common stock repurchased under the repurchase program during the first half of 2022.

Segment Data - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Data - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Impairments and other charges	$ 2,816	$ 7,905	$ 2,816	$ 7,905
Disposed of by sale
Segment Reporting Information [Line Items]
Total net assets	2,979		2,979		$ 31,232
Fluids Systems
Segment Reporting Information [Line Items]
Facility exit costs and other, net	2,107	0	4,399	0
Impairments and other charges	2,816	$ 0	2,816	$ 0
Fluids Systems \| Disposed of by sale \| Stimulation Chemicals
Segment Reporting Information [Line Items]
Inventory write-down			1,600
Inventory	2,300		2,300
Fluids Systems \| Disposed of by sale \| Gulf Of Mexico Operations
Segment Reporting Information [Line Items]
Facility exit costs and other, net			4,400
Fluids Systems \| Disposed of by sale \| Australia Operations
Segment Reporting Information [Line Items]
Inventory write-down			1,000
Impairments and other charges			1,200
Total net assets	500		500
CHILE \| Fluids Systems \| Disposed of by sale
Segment Reporting Information [Line Items]
Total net assets	3,000		3,000
Translation loss	$ 500		$ 500

Basis of Presentation and Significant Accounting Policies - Narrative (Details)	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2022 business_unit	Jun. 30, 2023 segment	Dec. 31, 2022 segment
Segment Reporting Information [Line Items]
Number of reportable segments \| segment		2	3
Fluids Systems
Segment Reporting Information [Line Items]
Number of fluids systems business units exited \| business_unit	2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 7,322	$ (5,231)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:
Impairments and other non-cash charges	2,816	7,905
Depreciation and amortization	15,803	20,563
Stock-based compensation expense	3,298	3,198
Provision for deferred income taxes	(916)	(6,918)
Credit loss expense	464	447
Gain on sale of assets	(1,649)	(2,001)
Amortization of original issue discount and debt issuance costs	274	587
Change in assets and liabilities:
(Increase) decrease in receivables	39,324	(5,350)
Increase in inventories	(3,440)	(38,660)
Increase in other assets	(3,187)	(5,196)
Increase (decrease) in accounts payable	(14,453)	12,208
Decrease in accrued liabilities and other	(8,808)	(4,563)
Net cash provided by (used in) operating activities	36,848	(23,011)
Cash flows from investing activities:
Capital expenditures	(15,347)	(9,515)
Proceeds from divestitures	18,086	0
Proceeds from sale of property, plant and equipment	2,304	1,943
Net cash used in investing activities	5,043	(7,572)
Cash flows from financing activities:
Borrowings on lines of credit	149,253	156,420
Payments on lines of credit	(167,435)	(129,914)
Proceeds from term loan	0	3,754
Debt issuance costs	0	(997)
Purchases of treasury stock	(21,966)	(2,537)
Other financing activities	(2,864)	296
Net cash provided by (used in) financing activities	(43,012)	27,022
Effect of exchange rate changes on cash	332	(1,412)
Net decrease in cash, cash equivalents, and restricted cash	(789)	(4,973)
Cash, cash equivalents, and restricted cash at beginning of period	25,061	29,489
Cash, cash equivalents, and restricted cash at end of period	$ 24,272	$ 24,516

Financing Arrangements and Fair Value of Financial Instruments - Narrative (Details)	1 Months Ended		6 Months Ended
	May 31, 2022 USD ($)	Apr. 30, 2022 GBP (£)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Debt Instrument [Line Items]
Borrowings on lines of credit			$ 149,253,000	$ 156,420,000
Letters of credit outstanding, amount			45,000,000
Restricted cash and cash equivalents, current			$ 1,900,000
U.K. term loan \| Secured Debt \| U K Subsidiary
Debt Instrument [Line Items]
Debt instrument, face amount \| £		£ 7,000,000
Quarterly principal payment \| £		350,000
Balloon payment \| £		2,800,000
Revolving credit facility \| U K Subsidiary
Debt Instrument [Line Items]
Maximum borrowing capacity \| £		£ 2,000,000
Interest rate, stated percentage			8.20%
Revolving credit facility \| SONIA \| U K Subsidiary
Debt Instrument [Line Items]
Basis spread on variable rate		3.25%
Revolving credit facility \| Amended ABL Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 175,000,000
Maximum borrowing capacity, option to increase	$ 250,000,000
Debt instrument, term	5 years
Line of credit facility, current borrowing capacity			$ 145,900,000
Borrowings on lines of credit			62,800,000
Letters of credit outstanding, amount			3,400,000
Remaining borrowing capacity			$ 79,700,000
Unused capacity, commitment fee percentage	0.375%		0.375%
Threshold for commitment fee	50.00%
Average daily unused portion, commitment fee	0.25%
Debt, weighted average interest rate			6.80%
Fixed charge coverage ratio	1.00
Line of credit facility, covenant, minimum, fixed charge leverage ratio	4.00
Revolving credit facility \| Amended ABL Facility \| Fed Funds Effective Rate Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Revolving credit facility \| Amended ABL Facility \| BSBY
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%		1.50%
Revolving credit facility \| Amended ABL Facility \| BSBY \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate			1.50%
Revolving credit facility \| Amended ABL Facility \| BSBY \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Revolving credit facility \| Amended ABL Facility \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
Revolving credit facility \| Amended ABL Facility \| Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
Revolving credit facility \| Amended ABL Facility \| Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%

Stock-Based and Other Long-Term Incentive Compensation	6 Months Ended
Stock-Based and Other Long-Term Incentive Compensation	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based and Other Long-Term Incentive Compensation	Stock-Based and Other Long-Term Incentive Compensation During the second quarter of 2023, our stockholders approved the Company’s Second Amended and Restated 2015 Employee Equity Incentive Plan (“2015 Plan”), increasing the number of shares authorized for issuance under the 2015 Plan from 15.3 million to 16.5 million shares, and also approved the Company’s Amended and Restated 2014 Non-Employee Directors’ Restricted Stock Plan (“2014 Director Plan”), increasing the number of shares authorized for issuance under the 2014 Director Plan from 1.4 million to 2.0 million shares. During the second quarter of 2023, the Compensation Committee of our Board of Directors (“Compensation Committee”) approved equity-based compensation awards to executive officers and other key employees consisting of an aggregate of 1.7 million restricted stock units, which will vest in equal installments over a three-year period. In addition, non-employee directors received grants of an aggregate of 0.2 million restricted stock awards, which will vest in full on the earlier of the day prior to the next annual meeting of stockholders following the grant date or the first anniversary of the grant date. The weighted average grant-date fair value was $3.89 per share for both the restricted stock units and restricted stock awards. At June 30, 2023, 2.2 million shares remained available for award under the 2015 Plan and 0.7 million shares remained available for award under the 2014 Director Plan. Also during the second quarter of 2023, the Compensation Committee approved the issuance of performance-based cash awards to certain executive officers with an aggregate target value of $2.5 million. Of the $2.5 million, $1.8 million will be settled based on the relative ranking of our total shareholder return (“TSR”) as compared to the TSR of our designated peer group and $0.7 million will be settled based on the consolidated return on net capital employed (“RONCE”), each measured over a three-year performance period. The cash payout for each executive ranges from 0% to 200% of target. TSR performance for the 2023 grants will be determined based upon the Company’s and peer group’s average closing share price for the 30 calendar day period ending May 31, 2026, adjusted for dividends, as compared to the 30 calendar day period ending May 31, 2023. RONCE performance for the 2023 grants will be determined based upon the Company’s average three-year RONCE performance for the fiscal years ending December 31, 2023, 2024 and 2025. The performance-based cash awards are accrued as a liability award over the performance period based on the estimated fair value. The fair value of the TSR performance-based cash awards is remeasured each period using a Monte-Carlo valuation model with changes in fair value recognized in the consolidated statements of operations.

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 2,132	$ 480	$ 4,247	$ (2,344)
Effective income tax rate			37.00%
Benefit related to restructuring of certain subsidiary legal entities within Europe			$ 3,100

Inventories - Narrative (Details) $ in Millions	3 Months Ended
Inventories - Narrative (Details) $ in Millions	Jun. 30, 2023 USD ($)
Fluids Systems \| Gulf Of Mexico Operations \| Disposed of by sale
Inventory [Line Items]
Inventory write-down	$ 2.6

Financing Arrangements and Fair Value of Financial Instruments - Schedule of Financing Arrangements (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal Amount	$ 98,215	$ 114,249
Unamortized Discount and Debt Issuance Costs	(95)	(134)
Total Debt	98,120	114,115
Less: current portion
Principal Amount	(21,654)	(22,438)
Unamortized Discount and Debt Issuance Costs	0	0
Total Debt	(21,654)	(22,438)
Long-term debt
Principal Amount	76,561	91,811
Unamortized Discount and Debt Issuance Costs	(95)	(134)
Total Debt	76,466	91,677
Finance leases
Debt Instrument [Line Items]
Principal Amount	8,191	4,999
Unamortized Discount and Debt Issuance Costs	0	0
Total Debt	8,191	4,999
Other debt
Debt Instrument [Line Items]
Principal Amount	6,169	5,668
Unamortized Discount and Debt Issuance Costs	(20)	(35)
Total Debt	6,149	5,633
Revolving credit facility \| Amended ABL Facility
Debt Instrument [Line Items]
Principal Amount	62,800	80,300
Unamortized Discount and Debt Issuance Costs	0	0
Total Debt	62,800	80,300
Revolving credit facility \| Foreign subsidiary facilities
Debt Instrument [Line Items]
Principal Amount	14,390	16,081
Unamortized Discount and Debt Issuance Costs	0	0
Total Debt	14,390	16,081
Revolving credit facility \| U.K. term loan
Debt Instrument [Line Items]
Principal Amount	6,665	7,201
Unamortized Discount and Debt Issuance Costs	(75)	(99)
Total Debt	$ 6,590	$ 7,102

Receivables - Schedule of Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Trade receivables:
Gross trade receivables	$ 189,393	$ 227,762
Allowance for credit losses	(5,205)	(4,817)	$ (4,603)	$ (4,587)
Net trade receivables	184,188	222,945
Income tax receivables	2,543	2,697
Other receivables	6,634	16,605
Total receivables, net	$ 193,365	$ 242,247

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 22,353	$ 23,182
Receivables, net of allowance of $5,205 and $4,817, respectively	193,365	242,247
Inventories	147,113	149,571
Prepaid expenses and other current assets	14,231	10,966
Total current assets	377,062	425,966
Property, plant and equipment, net	194,584	193,099
Operating lease assets	22,549	23,769
Goodwill	47,273	47,110
Other intangible assets, net	18,766	20,215
Deferred tax assets	2,480	2,275
Other assets	2,237	2,441
Total assets	664,951	714,875
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current debt	21,654	22,438
Accounts payable	79,437	93,633
Accrued liabilities	39,327	46,871
Total current liabilities	140,418	162,942
Long-term debt, less current portion	76,466	91,677
Noncurrent operating lease liabilities	18,844	19,816
Deferred tax liabilities	7,780	8,121
Other noncurrent liabilities	7,310	9,291
Total liabilities	250,818	291,847
Commitments and contingencies (Note 9)
Common stock, $0.01 par value (200,000,000 shares authorized and 111,669,464 and 111,451,999 shares issued, respectively)	1,117	1,115
Paid-in capital	637,435	641,266
Accumulated other comprehensive loss	(64,884)	(67,186)
Retained earnings	3,903	2,489
Treasury stock, at cost (24,889,137 and 21,751,232 shares, respectively)	(163,438)	(154,656)
Total stockholders’ equity	414,133	423,028
Total liabilities and stockholders’ equity	$ 664,951	$ 714,875

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,702	$ (7,752)	$ 7,322	$ (5,231)

Segment Data - Disaggregated Revenues, Operating Result of Exited Business (Details) - Disposed of by sale - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Receivables, net	$ 1,845	$ 27,798
Inventories	1,207	5,805
Accounts payable	(73)	(2,060)
Accrued liabilities	0	(311)
Total net assets	$ 2,979	$ 31,232

Supplemental Disclosures to the Statements of Cash Flows - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 22,353	$ 23,182
Restricted cash (included in prepaid expenses and other current assets)	1,919	1,879
Cash, cash equivalents, and restricted cash	$ 24,272	$ 25,061	$ 24,516	$ 29,489

Receivables - Changes in Allowance for Credit Losses (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 4,817	$ 4,587
Credit loss expense	464	447
Write-offs, net of recoveries	(76)	(431)
Balance at end of period	$ 5,205	$ 4,603

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Newpark Resources, Inc. is a geographically diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The accompanying unaudited condensed consolidated financial statements of Newpark Resources, Inc. and our wholly-owned subsidiaries, which we collectively refer to as the “Company,” “we,” “our,” or “us,” have been prepared in accordance with Rule 10-01 of Regulation S-X for interim financial statements required to be filed with the Securities and Exchange Commission, and do not include all information and footnotes required by the accounting principles generally accepted in the United States (“U.S. GAAP”) for complete financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2022. Our fiscal year end is December 31, our second quarter represents the three month period ended June 30, and our first half represents the six month period ended June 30. The results of operations for the second quarter and first half of 2023 are not necessarily indicative of the results to be expected for the entire year. Unless otherwise noted, all currency amounts are stated in U.S. dollars. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary to present fairly our financial position as of June 30, 2023, our results of operations for the second quarter and first half of 2023 and 2022, and our cash flows for the first half of 2023 and 2022. All adjustments are of a normal recurring nature. Our balance sheet at December 31, 2022 is derived from the audited consolidated financial statements at that date. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. For further information, see Note 1 in our Annual Report on Form 10-K for the year ended December 31, 2022. We currently operate our business through two reportable segments: Fluids Systems and Industrial Solutions. In addition, we had a third reportable segment, Industrial Blending, which was exited in 2022. We have reflected these three reportable segments for all periods presented in this Quarterly Report on Form 10-Q. •Our Fluids Systems segment provides customized drilling and completion fluids products and related technical services to oil and natural gas exploration and production (“E&P”) customers primarily in North America and Europe, the Middle East and Africa (“EMEA”), as well as certain countries in Asia Pacific. In the fourth quarter of 2022, we exited two of our Fluids Systems business units, including our U.S.-based mineral grinding business as well as our Gulf of Mexico fluids operations (see Note 11 for additional information). Additionally, in June 2023, we announced that we have engaged Lazard to assist us in a review of strategic alternatives for the long-term positioning of our Fluids Systems division. •Our Industrial Solutions segment provides temporary worksite access solutions, including the rental of our recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, E&P, pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and United Kingdom. We also manufacture and sell our recyclable composite mats to customers around the world, with power transmission being the primary end-market. •Our Industrial Blending segment began operations in 2020 and supported industrial end-markets, including the production of disinfectants and industrial cleaning products. We completed the wind down of the Industrial Blending business in the first quarter of 2022, and we completed the sale of the industrial blending assets in the fourth quarter of 2022.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Receivables - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Other receivables, value added taxes	$ 4,900	$ 3,500
Disposed of by sale
Financing Receivable, Allowance for Credit Loss [Line Items]
Receivables, net	1,845	27,798
Other Receivables \| Disposed of by sale
Financing Receivable, Allowance for Credit Loss [Line Items]
Receivables, net	$ 900	$ 10,800

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-02960
Entity Registrant Name	Newpark Resources, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	72-1123385
Entity Address, Address Line One	9320 Lakeside Boulevard,
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	The Woodlands,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77381
City Area Code	281
Local Phone Number	362-6800
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	NR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		86,812,902
Entity Central Index Key	0000071829
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 5,205	$ 4,817
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	111,669,464	111,451,999
Treasury stock, shares (in shares)	24,889,137	21,751,232

Stock-Based and Other Long-Term Incentive Compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023
Performance-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Allocated share-based compensation expense	$ 2.5
Total shareholder return	1.8
Return on net capital employed	$ 0.7
Time-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of outstanding stock, minimum	0.00%
Percentage of outstanding stock, maximum	200.00%
The 2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	16,500,000	15,300,000
The 2015 Plan \| Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,700,000
Award vesting period	3 years
The 2015 Plan \| Restricted Stock Units \| Executive Officer And Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant-date fair value (in dollars per share)	$ 3.89
Shares available for grant (in shares)	2,200,000
The 2015 Plan \| Restricted Stock \| Executive Officer And Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation (in shares)	200,000
Weighted average grant-date fair value (in dollars per share)	$ 3.89
The 2014 Director Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	2,000,000	1,400,000
The 2014 Director Plan \| Restricted Stock Units \| Executive Officer And Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	700,000

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesIn the ordinary course of conducting our business, we become involved in litigation and other claims from private party actions, as well as judicial and administrative proceedings involving governmental authorities at the federal, state, and local levels. While the outcome of litigation or other proceedings against us cannot be predicted with certainty, management does not expect that any loss resulting from such litigation or other proceedings, in excess of any amounts accrued or covered by insurance, will have a material adverse impact on our consolidated financial statements.