v3.20.2

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
REVENUES	$ 34,750	$ 112,943	$ 110,058	$ 222,216
COSTS AND EXPENSES:
Direct operating expenses	29,904	90,564	91,565	178,758
Depreciation and amortization expense	8,054	14,262	18,280	28,558
General and administrative expenses	13,637	22,544	28,890	44,639
Impairment expense	0	0	41,242	0
Operating loss	(16,845)	(14,427)	(69,919)	(29,739)
Gain on debt restructuring	0	0	(170,648)	0
Interest expense, net of amounts capitalized	2,066	8,520	10,287	17,753
Other income, net	(15)	(239)	(400)	(1,381)
Income (loss) before income taxes	(18,896)	(22,708)	90,842	(46,111)
Income tax benefit (expense)	(229)	4,405	(973)	4,367
NET INCOME (LOSS)	$ (19,125)	$ (18,303)	$ 89,869	$ (41,744)
Loss per share:
Earnings Per Share, Basic	$ (1.39)	$ (44.86)	$ 10.06	$ (102.31)
Earnings Per Share, Diluted	$ (1.39)	$ (44.86)	$ 10.00	$ (102.31)
Weighted average shares outstanding:
Basic	13,781	408	8,935	408
Diluted	13,781	408	8,991	408

Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109226348&loc=d3e2420-110228

KEY ENERGY SERVICES INC 10-Q