View Filing Data

Print Document View Excel Document

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2019	Nov. 01, 2019
Cover [Abstract]
Entity Registrant Name	NCS Multistage Holdings, Inc.
Entity Central Index Key	0001692427
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	NCSM
Security Exchange Name	NASDAQ
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		46,813,117

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 4,518	$ 25,131
Accounts receivable—trade, net of allowances of $846 and $311 at 2019 and 2018, respectively	57,826	49,984
Inventories	40,614	32,753
Prepaid expenses and other current assets	2,069	2,037
Other current receivables	5,328	4,685
Total current assets	110,355	114,590
Noncurrent assets
Property and equipment, net	33,670	32,296
Goodwill	15,222	23,112
Identifiable intangibles, net	46,146	48,985
Deposits and other assets	7,672	1,392
Deferred income taxes, net		9,326
Total noncurrent assets	102,710	115,111
Total assets	213,065	229,701
Current liabilities
Accounts payable—trade	18,122	7,167
Accrued expenses	3,194	4,084
Income taxes payable	470	184
Current contingent consideration		9,963
Other current liabilities	5,094	1,991
Current maturities of long-term debt	1,609	2,236
Total current liabilities	28,489	25,625
Noncurrent liabilities
Long-term debt, less current maturities	14,693	23,455
Other long-term liabilities	4,856	1,258
Deferred income taxes, net	3,180	3,132
Total noncurrent liabilities	22,729	27,845
Total liabilities	51,218	53,470
Commitments and contingencies (Note 9)
Stockholders' equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding at September 30, 2019 and one share issued and outstanding at December 31, 2018
Common stock, $0.01 par value, 225,000,000 shares authorized, 46,904,232 shares issued and 46,811,855 shares outstanding at September 30, 2019 and 45,100,771 shares issued and 45,072,463 shares outstanding at December 31, 2018	469	451
Additional paid-in capital	421,583	411,423
Accumulated other comprehensive loss	(82,025)	(84,030)
Retained deficit	(196,852)	(166,206)
Treasury stock, at cost; 92,377 shares at September 30, 2019 and 28,308 shares at December 31, 2018	(667)	(337)
Total stockholders’ equity	142,508	161,301
Non-controlling interest	19,339	14,930
Total equity	161,847	176,231
Total liabilities and stockholders' equity	$ 213,065	$ 229,701

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]
Allowance for doubtful accounts	$ 846	$ 311
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	1
Preferred stock, shares outstanding (in shares)	0	1
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	225,000,000	225,000,000
Common stock, shares issued (in shares)	46,904,232	45,100,771
Common stock, shares outstanding (in shares)	46,811,855	45,072,463
Treasury stock, shares (in shares)	92,377	28,308

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues
Revenues	$ 60,773	$ 62,691	$ 153,391	$ 176,775
Cost of sales
Cost of product sales and services, exclusive of depreciation and amortization expense shown below	32,209	28,817	82,053	82,321
Selling, general and administrative expenses	20,441	19,356	66,360	62,508
Depreciation	1,461	1,174	4,382	3,429
Amortization	1,153	3,255	3,451	9,859
Change in fair value of contingent consideration		(1,865)	37	(3,005)
Impairment			7,919
Income (loss) from operations	5,509	11,954	(10,811)	21,663
Other income (expense)
Interest expense, net	(424)	(317)	(1,497)	(1,382)
Other income, net	259	28	349	68
Foreign currency exchange loss	(131)	(688)	(678)	(399)
Total other expense	(296)	(977)	(1,826)	(1,713)
Income (loss) before income tax	5,213	10,977	(12,637)	19,950
Income tax (before) expense	(1,396)	3,211	10,200	3,137
Net income (loss)	6,609	7,766	(22,837)	16,813
Net income attributable to non-controlling interest	2,988	1,443	7,809	3,565
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$ 3,621	$ 6,323	$ (30,646)	$ 13,248
Earnings (loss) per common share
Basic earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 0.08	$ 0.14	$ (0.66)	$ 0.29
Diluted earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 0.08	$ 0.13	$ (0.66)	$ 0.28
Weighted average common shares outstanding
Basic	46,892,000	44,943,000	46,552,000	44,660,000
Diluted	46,921,000	47,404,000	46,552,000	47,254,000
Product sales [Member]
Revenues
Revenues	$ 43,756	$ 44,633	$ 110,933	$ 122,514
Cost of sales
Cost of product sales and services, exclusive of depreciation and amortization expense shown below	23,796	20,275	57,032	57,600
Services [Member]
Revenues
Revenues	17,017	18,058	42,458	54,261
Cost of sales
Cost of product sales and services, exclusive of depreciation and amortization expense shown below	$ 8,413	$ 8,542	$ 25,021	$ 24,721

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]
Net income (loss)	$ 6,609	$ 7,766	$ (22,837)	$ 16,813
Foreign currency translation adjustments, net of tax of $0	(1,017)	4,371	2,005	(6,553)
Comprehensive income (loss)	5,592	12,137	(20,832)	10,260
Less: Comprehensive income attributable to non-controlling interest	2,988	1,443	7,809	3,565
Comprehensive income (loss) attributable to NCS Multistage Holdings, Inc.	$ 2,604	$ 10,694	$ (28,641)	$ 6,695

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591551-111686

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3000-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591552-111686

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Deficit [Member]	Treasury Stock [Member]	Non-controlling Interest [Member]	Total
Beginning balance at Dec. 31, 2017		$ 439	$ 399,426	$ (66,707)	$ 23,864	$ (175)	$ 12,144	$ 368,991
Beginning balance, shares at Dec. 31, 2017	1	43,931,484
Beginning balance, Treasury Stock, shares at Dec. 31, 2017						(18,348)
Adoption of ASC 606					247			247
Share-based compensation			2,374					2,374
Net income (loss)					10,978		887	11,865
Exercise of stock options		$ 3	350					353
Exercise of stock options, shares		275,653
Cemblend exchangeable shares		$ 4	(4)
Cemblend exchangeable shares, shares		442,312
Currency translation adjustment				(6,689)				(6,689)
Ending balance at Mar. 31, 2018		$ 446	402,146	(73,396)	35,089	$ (175)	13,031	377,141
Ending balance, shares at Mar. 31, 2018	1	44,649,449
Ending balance, Treasury Stock, shares at Mar. 31, 2018						(18,348)
Beginning balance at Dec. 31, 2017		$ 439	399,426	(66,707)	23,864	$ (175)	12,144	368,991
Beginning balance, shares at Dec. 31, 2017	1	43,931,484
Beginning balance, Treasury Stock, shares at Dec. 31, 2017						(18,348)
Net income (loss)								16,813
Currency translation adjustment								(6,553)
Ending balance at Sep. 30, 2018		$ 450	408,613	(73,260)	37,359	$ (337)	15,209	388,034
Ending balance, shares at Sep. 30, 2018	1	45,038,934
Ending balance, Treasury Stock, shares at Sep. 30, 2018						(28,308)
Beginning balance at Mar. 31, 2018		$ 446	402,146	(73,396)	35,089	$ (175)	13,031	377,141
Beginning balance, shares at Mar. 31, 2018	1	44,649,449
Beginning balance, Treasury Stock, shares at Mar. 31, 2018						(18,348)
Share-based compensation			2,958					2,958
Net income (loss)					(4,053)		1,235	(2,818)
Exercise of stock options		$ 3	446					449
Exercise of stock options, shares		277,216
Currency translation adjustment				(4,235)				(4,235)
Ending balance at Jun. 30, 2018		$ 449	405,550	(77,631)	31,036	$ (175)	14,266	373,495
Ending balance, shares at Jun. 30, 2018	1	44,926,665
Ending balance, Treasury Stock, shares at Jun. 30, 2018						(18,348)
Share-based compensation			2,865					2,865
Net income (loss)					6,323		1,443	7,766
Shares withheld						$ (162)		(162)
Shares withheld, shares						(9,960)
Distribution to noncontrolling interest							(500)	(500)
Exercise of stock options		$ 1	198					199
Exercise of stock options, shares		75,548
Vesting of restricted stock, shares		36,721
Currency translation adjustment				4,371				4,371
Ending balance at Sep. 30, 2018		$ 450	408,613	(73,260)	37,359	$ (337)	15,209	388,034
Ending balance, shares at Sep. 30, 2018	1	45,038,934
Ending balance, Treasury Stock, shares at Sep. 30, 2018						(28,308)
Beginning balance at Dec. 31, 2018		$ 451	411,423	(84,030)	(166,206)	$ (337)	14,930	$ 176,231
Beginning balance, shares at Dec. 31, 2018	1	45,100,771
Beginning balance, Treasury Stock, shares at Dec. 31, 2018						(28,308)		(28,308)
Share-based compensation			2,968					$ 2,968
Net income (loss)					(11,966)		2,088	(9,878)
Shares withheld						$ (309)		(309)
Shares withheld, shares						(54,529)
Distribution to noncontrolling interest							(600)	(600)
Vesting of restricted stock		$ 2	(2)
Vesting of restricted stock, shares		168,563
Cemblend exchangeable shares		$ 13	(13)
Cemblend exchangeable shares, shares	(1)	1,326,935
Proceeds from the issuance of ESPP		$ 2	675					677
Proceeds from the issuance of ESPP, shares		156,486
Currency translation adjustment				1,537				1,537
Ending balance at Mar. 31, 2019		$ 468	415,051	(82,493)	(178,172)	$ (646)	16,418	170,626
Ending balance, shares at Mar. 31, 2019		46,752,755
Ending balance, Treasury Stock, shares at Mar. 31, 2019						(82,837)
Beginning balance at Dec. 31, 2018		$ 451	411,423	(84,030)	(166,206)	$ (337)	14,930	$ 176,231
Beginning balance, shares at Dec. 31, 2018	1	45,100,771
Beginning balance, Treasury Stock, shares at Dec. 31, 2018						(28,308)		(28,308)
Net income (loss)								$ (22,837)
Currency translation adjustment								2,005
Ending balance at Sep. 30, 2019		$ 469	421,583	(82,025)	(196,852)	$ (667)	19,339	$ 161,847
Ending balance, shares at Sep. 30, 2019		46,904,232
Ending balance, Treasury Stock, shares at Sep. 30, 2019						(92,377)		(92,377)
Beginning balance at Mar. 31, 2019		$ 468	415,051	(82,493)	(178,172)	$ (646)	16,418	$ 170,626
Beginning balance, shares at Mar. 31, 2019		46,752,755
Beginning balance, Treasury Stock, shares at Mar. 31, 2019						(82,837)
Share-based compensation			3,314					3,314
Net income (loss)					(22,301)		2,733	(19,568)
Currency translation adjustment				1,485				1,485
Ending balance at Jun. 30, 2019		$ 468	418,365	(81,008)	(200,473)	$ (646)	19,151	155,857
Ending balance, shares at Jun. 30, 2019		46,752,755
Ending balance, Treasury Stock, shares at Jun. 30, 2019						(82,837)
Share-based compensation			2,872					2,872
Net income (loss)					3,621		2,988	6,609
Shares withheld						$ (21)		(21)
Shares withheld, shares						(9,540)
Distribution to noncontrolling interest							(2,800)	(2,800)
Vesting of restricted stock, shares		36,285
Proceeds from the issuance of ESPP		$ 1	346					347
Proceeds from the issuance of ESPP, shares		115,192
Currency translation adjustment				(1,017)				(1,017)
Ending balance at Sep. 30, 2019		$ 469	$ 421,583	$ (82,025)	$ (196,852)	$ (667)	$ 19,339	$ 161,847
Ending balance, shares at Sep. 30, 2019		46,904,232
Ending balance, Treasury Stock, shares at Sep. 30, 2019						(92,377)		(92,377)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net (loss) income	$ (22,837)	$ 16,813
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	7,833	13,288
Impairment	7,919
Amortization of deferred loan cost	236	251
Share-based compensation	9,380	8,197
Provision for inventory obsolescence	417	1,219
Deferred income tax expense (benefit)	9,281	(2,148)
Gain on sale of property and equipment	(300)	(39)
Change in fair value of contingent consideration	37	(3,005)
Provision for doubtful accounts	1,715
Payment of contingent consideration	(3,042)
Changes in operating assets and liabilities:
Accounts receivable—trade	(9,552)	(10,787)
Inventories	(8,218)	(1,529)
Prepaid expenses and other assets	723	(2,237)
Accounts payable—trade	12,272	6,959
Accrued expenses	(915)	(2,371)
Other liabilities	(805)	816
Income taxes receivable/payable	671	(17,812)
Net cash provided by operating activities	4,815	7,615
Cash flows from investing activities
Purchases of property and equipment	(4,990)	(7,352)
Purchase and development of software and technology	(251)	(2,588)
Proceeds from sales of property and equipment	816	298
Net cash used in investing activities	(4,425)	(9,642)
Cash flows from financing activities
Equipment note borrowings	835	1,001
Payments on equipment note and finance leases	(4,552)	(1,437)
Promissory note borrowings		5,053
Payments on promissory note		(8,366)
Payments on revolver	(7,000)
Payment of contingent consideration	(6,958)
Proceeds from the exercise of options for common stock		1,001
Treasury shares withheld	(330)	(161)
Distribution to noncontrolling interest	(3,400)	(500)
Proceeds from the issuance of ESPP shares	1,025
Payment of deferred loan cost related to senior secured credit facility	(871)
Net cash used in financing activities	(21,251)	(3,409)
Effect of exchange rate changes on cash and cash equivalents	248	(933)
Net change in cash and cash equivalents	(20,613)	(6,369)
Cash and cash equivalents beginning of period	25,131	33,809
Cash and cash equivalents end of period	4,518	27,440
Supplemental cash flow information
Cash paid for income taxes (net of refunds)	$ 210	$ 22,922

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2019
Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Basis of Presentation Nature of Business NCS Multistage Holdings, Inc., a Delaware corporation, through its wholly owned subsidiaries and subsidiaries for which we have a controlling voting interest (collectively referred to as the “Company,” “NCS,” “we,” “our” and “us”), is primarily engaged in providing engineered products and support services for oil and natural gas well completions and field development strategies. We offer our products and services primarily to exploration and production companies for use in onshore wells. We operate through service facilities principally located in Houston, Midland and Corpus Christi, Texas; Tulsa and Oklahoma City, Oklahoma; Billings, Montana; Morgantown, West Virginia; Calgary, Red Deer, Grande Prairie and Estevan, Canada; Neuquén, Argentina and Stavanger, Norway. Basis of Presentation Our accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), issued by the Securities Exchange Commission (“SEC”) and have not been audited by our independent registered public accounting firm. The Condensed Consolidated Balance Sheet at December 31, 2018 is derived from our audited financial statements. However, certain information and footnote disclosures required by GAAP for complete annual financial statements have been omitted or condensed as permitted by the rules and regulations of the SEC, and, therefore, these interim financial statements should be read in conjunction with our audited financial statements included in our Annual Report on Form 10-K filed with the SEC on March 8, 2019. In the opinion of management, these condensed consolidated financial statements, which have been prepared pursuant to the rules of the SEC and GAAP for interim financial reporting, reflect all adjustments, which consisted only of normal recurring adjustments that were necessary for a fair statement of the interim periods presented. The results of operations for interim periods are not necessarily indicative of those for a full year. All intercompany accounts and transactions have been eliminated for purposes of preparing these condensed consolidated financial statements. Summary of New Significant Accounting Policy Inventories Inventories consist primarily of raw material, product components, assembled products, certain components used to internally construct our frac isolation assemblies and chemicals, in raw material or finished goods, used in our tracer diagnostics services. Inventories are stated at the lower of cost or estimated net realizable value. Cost is determined at standard costs approximating the first-in first-out basis. We continuously evaluate inventories, based on an analysis of inventory levels, historical sales experience and future sales forecasts, to determine obsolete, slow-moving and excess inventory. Adjustments to reduce such inventory to its estimated recoverable value have been recorded as an adjustment to cost of sales. Recent Accounting Pronouncements Pronouncement Adopted in 2019 In February 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which requires lessees to recognize a right-of-use (“ROU”) asset and a lease liability for all leases with terms longer than 12 months. Under the new standard, lessees need to recognize leases on their balance sheets as lease liabilities with corresponding ROU assets. We adopted the standard effective January 1, 2019, using a modified retrospective transition method and applying certain optional practical expedients. NCS elected an optional transition method that allowed application of the new standard at the adoption date and the recognition of a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption with no adjustment to previously reported results. We also elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed the carry forward of historical lease classification as well as additional practical expedients related to land easements, short-term leases, and non-lease components. We did not elect the practical expedient related to hindsight. The standard had a material impact on our condensed consolidated balance sheet but did not materially impact our condensed consolidated statements of operations or condensed consolidated statements of cash flows. Adoption of the new standard resulted in the recording of ROU assets and lease liabilities of $7.5 million on January 1, 2019. See “Note 8. Leases” for more information. Pronouncements Not Yet Effective In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40). The ASU aligns the requirements to capitalize implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements to capitalize implementation costs incurred to develop or obtain internal-use software. For public entities, this guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. We are currently evaluating the impact of the adoption of this guidance. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820). The ASU modifies, removes and adds certain disclosure requirements on fair value measurements. For public entities, this guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted for all amendments. Further, entities may early adopt eliminated or modified disclosure requirements and delay the adoption of all new disclosure requirements until the effective date. We are currently evaluating the impact of the adoption of this guidance but do not currently expect that the adoption of this guidance will have a material impact on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326). This ASU introduces a new impairment model that is based on expected credit losses rather than incurred credit losses for financial instruments, including trade accounts receivable. It requires an entity to measure expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The new standard is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. On October 16, 2019, the FASB affirmed its decision on amendments to the effective dates for certain ASUs. The effective date for ASU 2016-13 will remain the same for public business entities that are SEC filers, excluding entities eligible to be small reporting companies (“SRC”). The effective date for all other entities, including SRCs, will begin after December 15, 2022, including interim periods within those fiscal years. The FASB expects the final ASU on effective dates will be issued in mid-November 2019. We are currently evaluating the impact of the adoption of this guidance.

Revenues

9 Months Ended

Sep. 30, 2019

Revenues [Abstract]

Revenues

Note 2. Revenues

Disaggregation of Revenue

We sell our products and services primarily in North America and in selected international markets. Revenue by geography is attributed based on the current billing address of the customer. The following table depicts the disaggregation of revenue by geographic region (in thousands):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
United States
Product sales	$	21,639	$	18,125	$	62,272	$	48,011
Services		6,915		8,157		18,370		27,976
Total United States		28,554		26,282		80,642		75,987
Canada
Product sales		18,531		21,215		43,953		67,653
Services		7,590		7,958		18,670		22,567
Total Canada		26,121		29,173		62,623		90,220
Other Countries
Product sales		3,586		5,293		4,708		6,850
Services		2,512		1,943		5,418		3,718
Total Other Countries		6,098		7,236		10,126		10,568
Total
Product sales		43,756		44,633		110,933		122,514
Services		17,017		18,058		42,458		54,261
Total revenues	$	60,773	$	62,691	$	153,391	$	176,775

Contract Balances

When the timing of the delivery of products and provision of services is different from the timing of the customer payments, we recognize either a contract asset (performance precedes contractual due date in connection with estimates of variable consideration) or a contract liability (customer payment precedes performance) on our condensed consolidated balance sheet. We currently do not have any contract assets. The following table includes the contract liabilities as of September 30, 2019 and December 31, 2018 (in thousands):


	Contract Liabilities
	Current		Non-Current
Balance at December 31, 2018	$	515	$	—
Additions		99		—
Revenue recognized		(560)		—
Balance at September 30, 2019	$	54	$	—

Our contract liability as of September 30, 2019 and December 31, 2018 is included in current liabilities on our condensed consolidated balance sheet. Our performance obligations for our product and service revenues are satisfied before the customer’s payment however prepayments may occasionally be required for international sales. Revenue recognized from the contract liability balance was $31 thousand and $0.1 million for the three months ended September 30, 2019 and 2018, respectively, and $0.6 million and $0.2 million for the nine months ended September 30, 2019 and 2018, respectively.

Practical Exemption

We do not disclose the value of unsatisfied performance obligations when the related contract has a duration of one year or less or we recognize revenue equal to what we have the right to invoice when that amount corresponds directly with the value to the customer of our performance to date.

Inventories

9 Months Ended

Sep. 30, 2019

Inventories [Abstract]

Inventories

Note 3. Inventories

Inventories consist of the following as of September 30, 2019 and December 31, 2018 (in thousands):


	September 30,		December 31,
	2019		2018
Raw materials	$	2,235	$	2,470
Work in process		431		57
Finished goods		37,948		30,226
Total inventories	$	40,614	$	32,753

Property and Equipment

9 Months Ended

Sep. 30, 2019

Property and Equipment [Abstract]

Property and Equipment

Note 4. Property and Equipment

Property and equipment by major asset class consist of the following as of September 30, 2019 and December 31, 2018 (in thousands):



	September 30,		December 31,
	2019		2018
Land	$	2,054	$	1,995
Building and improvements		11,663		5,185
Machinery and equipment		21,158		18,135
Computers and software		2,466		2,373
Furniture and fixtures		1,191		1,097
Vehicles		7,226		6,980
Service equipment		244		244
		46,002		36,009
Less: Accumulated depreciation and amortization		(13,594)		(10,270)
		32,408		25,739
Construction in progress		1,262		6,557
Property and equipment, net	$	33,670	$	32,296

The following table presents the depreciation expense associated with the following income statement line items for the three and nine months ended September 30, 2019 and 2018 (in thousands):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Cost of sales
Cost of product sales	$	682	$	489	$	2,015	$	1,422
Cost of services		320		278		951		785
Selling, general and administrative expenses		459		407		1,416		1,222
Total depreciation	$	1,461	$	1,174	$	4,382	$	3,429

Goodwill and Identifiable Intangibles

9 Months Ended

Sep. 30, 2019

Goodwill and Identifiable Intangibles [Abstract]

Goodwill and Identifiable Intangibles

Note 5. Goodwill and Identifiable Intangibles

Changes in the carrying amount of goodwill are as follows (in thousands):



	Gross Value		Accumulated Impairment		Net
At December 31, 2017	$	184,478	$	—	$	184,478
Purchase price allocation adjustment		54		—		54
Impairment		—		(154,003)		(154,003)
Currency translation adjustment		(7,417)		—		(7,417)
At December 31, 2018	$	177,115	$	(154,003)	$	23,112
Impairment		—		(7,937)		(7,937)
Currency translation adjustment		47		—		47
At September 30, 2019	$	177,162	$	(161,940)	$	15,222

We perform our annual impairment tests of goodwill as of December 31, or when there is an indication an impairment may have occurred.

On December 31, 2018, we performed our annual impairment test for goodwill on each of our three reporting units. As a result of unfavorable oil and gas industry market conditions in late 2018 that continued to persist into 2019 and the related impact on expected customer activity levels, particularly in Canada, as well as a decline in the quoted price of our common stock, we concluded that there had been an impairment because the carrying values exceeded the estimated fair values. We recorded impairment charges in the fourth quarter of 2018 in two reporting units, totaling $154.0 million. As a result of the impairment loss, we have no remaining goodwill in the fracturing systems and well construction reporting unit.

During the second quarter of 2019, we performed an impairment test for goodwill and determined that the carrying value of one of our reporting units exceeded its fair value. We recorded an impairment charge of $7.9 million for our tracer diagnostic services reporting unit as a result of a further deterioration in customer activity levels in North America. This resulted in lower demand for oilfield services driving a decrease in our market share and increased customer and competitor-driven pricing pressures in addition to a decline in the quoted price of our common stock. Following the impairment, our tracer diagnostic services reporting unit has no remaining goodwill balance.

There was no impairment recorded at any reporting unit for the three months ended September 30, 2019, and no impairment recorded in any other reporting unit for the nine months ended September 30, 2019.

Identifiable intangibles by major asset class consist of the following (in thousands):



		September 30, 2019
	Estimated	Gross
	Useful	Carrying		Accumulated		Net
	Lives (Years)	Amount		Amortization		Balance
Technology	8 - 18	$	17,559	$	(1,933)	$	15,626
Trademarks	5 - 10		1,600		(333)		1,267
Customer relationships	10 - 21		28,634		(3,527)		25,107
Internally developed software	5		4,881		(735)		4,146
Total identifiable intangibles		$	52,674	$	(6,528)	$	46,146



		December 31, 2018
	Estimated	Gross
	Useful	Carrying		Accumulated		Net
	Lives (Years)	Amount		Amortization		Balance
Technology	8 - 18	$	17,289	$	(516)	$	16,773
Trademarks	5 - 10		1,600		(213)		1,387
Customer relationships	10 - 21		28,544		(2,339)		26,205
Internally developed software	5		4,620		—		4,620
Total identifiable intangibles		$	52,053	$	(3,068)	$	48,985

Total amortization expense, which is associated with the selling, general and administrative expenses income statement line item, was $1.2 million and $3.3 million for the three months ended September 30, 2019 and 2018, respectively, and $3.5 million and $9.9 million for the nine months ended September 30, 2019 and 2018, respectively.

Identifiable intangibles with definite lives are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. On December 31, 2018, as a result of unfavorable oil and gas industry market conditions in late 2018 that continued to persist into early 2019 and the related impact on expected customer activity levels, particularly in Canada, as well as a decline in the quoted price of our common stock, we determined that the carrying values of certain intangible assets were no longer recoverable, which resulted in an impairment charge of $73.5 million in our asset group that includes fracturing systems and well construction, which we recorded in the fourth quarter of 2018. There were no impairments recorded for our identifiable intangibles for the three and nine months ended September 30, 2019.

Accrued Expenses

9 Months Ended

Sep. 30, 2019

Accrued Expenses [Abstract]

Accrued Expenses

Note 6. Accrued Expenses

Accrued expenses consist of the following as of September 30, 2019 and December 31, 2018 (in thousands):



	September 30,		December 31,
	2019		2018
Accrued payroll and bonus	$	2,128	$	2,627
Property and franchise taxes accrual		425		424
Accrued other miscellaneous liabilities		641		1,033
Total accrued expenses	$	3,194	$	4,084

Debt

9 Months Ended

Sep. 30, 2019

Debt [Abstract]

Debt

Note 7. Debt

Our long-term debt consists of the following as of September 30, 2019 and December 31, 2018 (in thousands):



	September 30,		December 31,
	2019		2018
Prior Senior Secured Credit Facility	$	—	$	20,000
New Senior Secured Credit Facility		13,000		—
Equipment notes		—		2,412
Finance leases		3,302		3,279
Total debt		16,302		25,691
Less: current portion		(1,609)		(2,236)
Long-term debt	$	14,693	$	23,455

The estimated fair value of total debt for the periods ended September 30, 2019 and December 31, 2018 was $15.8 million and $25.3 million, respectively. The carrying value of the senior secured revolving credit facility and the lines of credit approximated the fair value of debt as they can be paid at any time. The fair value for the remaining debt was estimated using Level 2 inputs by calculating the sum of the discounted future interest and principal payments through the date of maturity.

Below is a description of our prior and new credit agreements and other financing arrangements.

Prior Senior Secured Credit Facility

On May 4, 2017, we entered into a credit agreement (the “Prior Credit Agreement”) with a group of financial institutions which originally consisted of a (i) senior secured revolving credit facility (the “Prior U.S. Facility”) in an aggregate principal amount of $25.0 million made available to Pioneer Investment, Inc. (the “U.S. Borrower”), of which up to $5.0 million was available for letters of credit and up to $5.0 million was available for swingline loans and (ii) senior secured revolving credit facility (the “Prior Canadian Facility”) (together, the “Prior Senior Secured Credit Facility”) in an aggregate principal amount of $25.0 million made available to NCS Multistage Inc. (the “Canadian Borrower”).

We entered into Amendment No. 1 to the Prior Credit Agreement on August 31, 2017, which increased the loan commitment available to the U.S. Borrower to $50.0 million from $25.0 million under the Prior U.S. Facility. The loan commitment available under the Prior Canadian Facility remained at $25.0 million. On February 16, 2018 and October 9, 2018, we entered into Amendments No. 2 and No. 3, respectively, to the Prior Credit Agreement, which amended certain negative covenants contained in the Prior Credit Agreement. As of December 31, 2018, we had $20.0 million in outstanding indebtedness under the Prior U.S. Facility and no outstanding indebtedness under the Prior Canadian Facility.

Borrowings under the Prior U.S. Facility were available in U.S. dollars, Canadian dollars or Euros and had an interest rate equal to the Adjusted Base Rate or Eurocurrency Rate (each as defined in the Prior Credit Agreement), in each case, plus an applicable interest margin as set forth in the Prior Credit Agreement. Borrowings under the Prior Canadian Facility were available in U.S. dollars or Canadian dollars and accrued interest at the Canadian (Cdn) Base Rate, Canadian (U.S.) Base Rate, Eurocurrency Rate or Discount Rate (each as defined in the Prior Credit Agreement), in each case, plus an applicable interest margin as set forth in the Prior Credit Agreement. The Adjusted Base Rate, Canadian (U.S.) Base Rate and Canadian (Cdn) Base Rate applicable margin could have been between 2.25% and 3.00% and the Eurocurrency Rate applicable margin could have been between 3.25% and 4.00%, in each case, depending on the Company’s leverage ratio.

We incurred interest expense related to the Prior Senior Secured Credit Facility, including commitment fees, of $0.5 million and $0.9 million for the nine months ended September 30, 2019 and 2018, respectively.

The obligations of the U.S. Borrower under the Prior U.S. Facility were guaranteed by Pioneer Intermediate, Inc. and the Company (together, the “Parent Guarantors”) and each of the other existing and future direct and indirect restricted subsidiaries of the Company organized under the laws of the United States (subject to certain exceptions) and were secured by substantially all of the assets of the Parent Guarantors, the U.S. Borrower and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens. The obligations of the Canadian Borrower under the Prior Canadian Facility were guaranteed by the Parent Guarantors, the U.S. Borrower and each of the future direct and indirect restricted subsidiaries of the Company organized under the laws of the United States and Canada (subject to certain exceptions) and were secured by substantially all of the assets of the Parent Guarantors, the U.S. Borrower, the Canadian Borrower and such subsidiary guarantors, in each case, subject to certain exceptions and permitted liens.

Direct costs of $1.0 million were incurred in connection with the Prior Senior Secured Credit Facility. The costs were capitalized as an asset as they represented the benefit of being able to access capital over the contractual term. The costs were amortized over the term of the Prior Senior Secured Credit Facility using the straight-line method. As a result of our New Credit Agreement (as defined below), which was a modification of our revolving credit facility, unamortized deferred costs of $0.3 million related to the Prior Senior Secured Credit Facility were deferred and are being amortized over the term of the new arrangement.

On May 1, 2019, we entered into a new Second Amended and Restated Credit Agreement (the “New Credit Agreement”) amending and restating the Prior Credit Agreement.

New Senior Secured Credit Facility

On May 1, 2019, we entered into the New Credit Agreement with Pioneer Investment, Inc., as U.S. borrower, NCS Multistage Inc., as Canadian borrower, Pioneer Intermediate, Inc. and the lenders party thereto, Wells Fargo Bank, National Association as administrative agent in respect of the New U.S. Facility (as defined below) and Wells Fargo Bank, National Association, Canadian Branch, as administrative agent in respect of the New Canadian Facility (as defined below) (the senior secured revolving credit facilities provided thereunder, the “New Senior Secured Credit Facility”). The New Credit Agreement amended and restated the Prior Credit Agreement in its entirety.

The New Senior Secured Credit Facility consists of a (i) senior secured revolving credit facility in an aggregate principal amount of $50.0 million made available to the U.S. Borrower (the “New U.S. Facility”), of which up to $5.0 million may be made available for letters of credit and up to $5.0 million may be made available for swingline loans and (ii) senior secured revolving credit facility in an aggregate principal amount of $25.0 million made available to the Canadian Borrower (the “New Canadian Facility”). The New Senior Secured Credit Facility will mature on May 1, 2023. As of September 30, 2019, we had $13.0 million in outstanding indebtedness under the New U.S. Facility and no outstanding indebtedness under the New Canadian Facility.

Borrowings under the New U.S. Facility may be made in U.S. dollars for Adjusted Base Rate Advances, and in U.S. dollars, Canadian dollars or Euros for Eurocurrency Rate Advances (each as defined in the New Credit Agreement). Such advances bear interest at the Adjusted Base Rate or at the Eurocurrency Rate plus an applicable interest margin as set forth in the New Credit Agreement. Borrowings under the New Canadian Facility may be made in U.S. dollars or Canadian dollars and bear interest at the Canadian (Cdn) Base Rate, Canadian (U.S.) Base Rate, Eurocurrency Rate or Discount Rate (each as defined in the New Credit Agreement), in each case, plus an applicable interest margin as set forth in the New Credit Agreement. The applicable interest rate at September 30, 2019 was 5.125%. We incurred interest expense related to the New Senior Secured Credit Facility, including commitment fees, of $0.3 million and $0.5 million for the three and nine months ended September 30, 2019, respectively.

The obligations of the U.S. Borrower under the New U.S. Facility are guaranteed by the Parent Guarantors and each of the other existing and future direct and indirect restricted subsidiaries of the Company organized under the laws of the United States (subject to certain exceptions) and are secured by substantially all of the assets of the Parent Guarantors, the U.S. Borrower and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens. The obligations of the Canadian Borrower under the New Canadian Facility are guaranteed by the Parent Guarantors, the U.S. Borrower and each of the other future direct and indirect restricted subsidiaries of the Company organized under the laws of the United States and Canada (subject to certain exceptions) and are secured by substantially all of the assets of the Parent Guarantors, the U.S. Borrower, the Canadian Borrower and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens.

The New Credit Agreement contains financial covenants that require (i) commencing with the fiscal quarter ending June 30, 2019, compliance with a maximum leverage ratio test set at 2.50 to 1.00 as of the last day of each fiscal quarter, (ii) commencing with the fiscal quarter ending June 30, 2019, compliance with an interest coverage ratio test set at not more than 2.75 to 1.00 as of the last day of each fiscal quarter, (iii) if the leverage ratio as of the end of any fiscal quarter is greater than 2.00 to 1.00 and the amount outstanding under the New Canadian Facility at any time during such fiscal quarter was greater than $0, compliance as of the end of such fiscal quarter with a Canadian asset coverage ratio test of at least 1.00 to 1.00 and (iv) if the leverage ratio as of the end of any fiscal quarter is greater than 2.00 to 1.00 and the amount outstanding under the New U.S. Facility at any time during such fiscal quarter was greater than $0, compliance as of the end of such fiscal quarter with a U.S. asset coverage ratio test of at least 1.00 to 1.00. As of September 30, 2019, we were in compliance with these financial covenants. The New Credit Agreement also contains customary affirmative and negative covenants, including, among other things, restrictions on the creation of liens, the incurrence of indebtedness, investments, dividends and other restricted payments, dispositions and transactions with affiliates. The New Credit Agreement also includes customary events of default for facilities of this type (with customary grace periods, as applicable). If an event of default occurs, the lenders under each of the New U.S. Facility and the New Canadian Facility may elect (after the expiration of any applicable notice or grace periods) to declare all outstanding borrowings under such facility, together with accrued and unpaid interest and other amounts payable thereunder, to be immediately due and payable. The lenders under each of the New U.S. Facility and the New Canadian Facility also have the right upon an event of default thereunder to terminate any commitments they have to provide further borrowings under such facility. Further, following an event of default under each of the New U.S. Facility and the New Canadian Facility, the lenders thereunder will have the right to proceed against the collateral granted to them to secure such facility

Direct costs of $0.9 million were incurred in connection with the New Senior Secured Credit Facility. The costs were capitalized as an asset as they represent the benefit of being able to access capital over the contractual term. Additionally, $0.3 million of unamortized deferred costs related to the Prior Senior Secured Credit Facility are also being amortized over the term of the New Senior Secured Credit Facility using the straight-line method. Amortization expense of the deferred financing charges of $0.1 million was included in interest expense, net for the three and nine months ended September 30, 2019.

Promissory Note

On February 27, 2017, Repeat Precision, LLC (“Repeat Precision”) entered into a promissory note with Security State Bank & Trust, Fredericksburg, for an aggregate borrowing capacity of $3.8 million. It bears interest at a variable interest rate based on prime plus 1.00%. The promissory note is secured against equipment, inventory and receivables. The promissory note was renewed on February 16, 2018 for an aggregate borrowing capacity of $4.3 million and was renewed again on February 15, 2019. The note is scheduled to mature on February 16, 2020. No other terms were changed. As of September 30, 2019 and December 31, 2018, we had no outstanding indebtedness under the promissory note.

Equipment Notes

In February 2017, Repeat Precision entered into an equipment note in the amount of $0.8 million with Security State Bank & Trust, Fredericksburg. The equipment note bears interest at prime plus 1.00%, matures on February 27, 2021 and is collateralized by certain property. During the first quarter of 2019, the equipment note was paid in full and we had no outstanding indebtedness under the equipment note as of September 30, 2019. As of December 31, 2018, the outstanding balance on the equipment note was $0.4 million.

In September 2018, Repeat Precision entered into an equipment note for an aggregate borrowing capacity of $3.8 million with Security State Bank & Trust, Fredericksburg. The equipment note bears interest at prime plus 1.00%, matures on June 7, 2023 and is collateralized by certain property. As of September 30, 2019, we had no outstanding indebtedness under the equipment note. At December 31, 2018, the outstanding balance on the equipment note was $2.0 million.

Leases

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Leases

Note 8. Leases

We determine if a contract contains a lease at the inception of an arrangement. If so, ROU assets representing the right to use an underlying asset for the lease term and lease liabilities representing an obligation to make lease payments arising from the lease are included on the condensed consolidated balance sheet.

We have operating and finance leases for facilities, vehicles, and equipment. Some leases include one or more options to renew, with renewal terms that can extend the lease term from five to ten years with exercise of lease renewal options being at the sole discretion of NCS as lessee. Certain leases also include options to purchase the leased property. Some leases may include an option to terminate the contract with notice. ROU assets and lease liabilities with a term of longer than 12 months are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, our interest rate under the senior secured credit facility is used as an incremental borrowing rate applied to the present value calculation at the lease commencement date unless the implicit rate is readily determinable. Lease expense for operating leases is recognized on a straight-line basis over the lease term. At adoption, ROU assets included any lease payments already made and excluded any initial direct costs.

Our lease agreements are from a lessee perspective and do not contain (i) any leases with variable lease payments (e.g., payments that depend on a percentage of sales of a lessee or payments that increase based upon an index such as a consumer price index), (ii) residual value guarantees probable of being paid or (iii) material restrictive covenants. Lease agreements with lease and non-lease components are generally accounted for separately when practical. For leases where the lease and non-lease component are comingled and the non-lease component is determined to be insignificant when compared to the lease component, the lease and non-lease components are treated as a single lease component for all asset classes.

As of September 30, 2019, we do not have any lessor leases. We do have additional operating leases that have not yet commenced in the amount of $8.6 million.

Supplemental balance sheet information related to leases are as follows (in thousands):


		September 30,
Leases	Condensed Consolidated Balance Sheet Classification	2019
Assets
Operating lease right-of-use assets	Deposits and other assets	$	5,507
Finance lease right-of-use assets (1)	Property and equipment, net		3,810
Total leased right-of-use assets		$	9,317

Liabilities
Current
Operating lease liabilities	Other current liabilities	$	2,217
Finance lease liabilities	Current maturities of long-term debt		1,609

Noncurrent
Operating lease liabilities	Other long-term liabilities		3,448
Finance lease liabilities	Long-term debt, less current maturities		1,693
Total lease liabilities		$	8,967

_______________

(1)

Finance lease right-of-use assets are recorded net of accumulated amortization of $2.2 million as of September 30, 2019.

The components of lease expense are as follows (in thousands):


		Three Months Ended		Nine Months Ended
		September 30,			September 30,
Lease Cost	Condensed Consolidated Statements of Operations Classification	2019			2019
Operating lease cost	Cost of sales; Selling, general and administrative expenses	$	764		$	2,140
Finance lease cost
Amortization of right-of-use assets	Depreciation		365			1,055
Interest on lease liabilities	Interest expense, net		63			196
Short-term lease cost	Cost of sales; Selling, general and administrative expenses		221			646
Total lease cost		$	1,413		$	4,037

Maturities of lease liabilities are as follows (in thousands):


Year Ending December 31,	Operating Leases		Finance Leases
2019 (excluding the nine months ended September 30, 2019)	$	783	$	575
2020		2,220		1,538
2021		1,584		1,041
2022		781		449
2023		267		—
Thereafter		590		—
Total lease payments	$	6,225	$	3,603
Less: interest		560		301
Present value of lease liabilities	$	5,665	$	3,302

Lease term and discount rate consist of the following:


	September 30,
Lease Term and Discount Rate	2019
Weighted-average remaining lease term (years):
Operating leases		3.4
Finance leases		1.6
Weighted-average discount rate:
Operating leases		5.9	%
Finance leases		5.5	%

Supplemental cash flow and other information related to leases are as follows (in thousands):


	Nine Months Ended
	September 30,
Other Information	2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	2,492
Operating cash flows from finance leases		196
Financing cash flows from finance leases		1,304
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	336
Finance leases		1,371

Future annual commitments at December 31, 2018 under ASC 840 are as follows:


Year Ending December 31,	Operating Leases		Finance Leases
2019	$	2,867	$	1,768
2020		1,276		973
2021		757		686
2022		434		198
2023		292		—
Thereafter		398		—
Total lease payments	$	6,024	$	3,625
Less: interest		—		346
Present value of lease liabilities	$	6,024	$	3,279

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2019
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies Litigation In the ordinary course of our business, from time to time, we have various claims, lawsuits and administrative proceedings that are pending or threatened with respect to commercial, intellectual property and employee matters. On July 24, 2018, we filed a patent infringement lawsuit against Kobold Corporation, Kobold Completions Inc. and 2039974 Alberta Ltd. (“Kobold”) in the Federal Court of Canada, alleging that Kobold’s fracturing tools and methods infringe on several of our Canadian patents. We previously filed a breach of contract lawsuit on March 16, 2018, against Kobold Corporation in the Court of Queen’s Bench of Alberta, alleging breach of a prior settlement agreement. Both of these lawsuits seek unspecified monetary damages and injunctive relief. On July 12, 2019, Kobold filed a counterclaim seeking unspecified damages alleging that our fracturing tools and methods infringe on their patent and that we made false and misleading statements about Kobold. In early February 2019, we filed a lawsuit against Diamondback Industries, Inc. (“Diamondback”) in the United States District Court for the Western District of Texas, Waco Division, alleging patent infringement, breach of contract and related claims stemming from Diamondback’s breach of an exclusive license, granted by Diamondback to Repeat Precision, to a patent necessary for the manufacture and sale of a disposable setting tool. Around the same time, Diamondback filed a lawsuit against Repeat Precision and various NCS entities in an effort to invalidate the exclusive license agreement and requested monetary damages. We believe the exclusive license is enforceable and there is no basis to support the claims asserted by Diamondback and we intend to vigorously enforce our rights under the license agreement. In accordance with GAAP, we accrue for contingencies where the occurrence of a material loss is probable and can be reasonably estimated, based on our estimate of the expected liability. If we have any outstanding legal accruals, we may increase or decrease these in the future, on a matter-by-matter basis, to account for developments. Our assessment of the likely outcome of litigation matters is based on our judgment of a number of factors, including experience with similar matters, past history, precedents, relevant financial information and other evidence and facts specific to the matter. While the outcome of any legal proceeding cannot be predicted with any certainty, based on a consideration of relevant facts and circumstances, our management currently does not expect that the results of these legal proceedings would have a material adverse effect on our financial position, results of operations or cash flows.

Share-Based Compensation	9 Months Ended
Share-Based Compensation	Sep. 30, 2019
Share-Based Compensation [Abstract]
Share-Based Compensation	Note 10. Share-Based Compensation During the nine months ended September 30, 2019, we granted 1,030,216 equity-classified restricted stock units (“RSUs”) with a weighted average grant date fair value of $5.28. Of the RSUs granted, 842,236 RSUs will vest and settle ratably in three equal annual installments beginning on the anniversary of the date of grant and 187,980 RSUs, which were granted to the nonemployee members of the Board of Directors, will generally vest on the one year anniversary of the grant date. The RSUs for the members of the Board of Directors either settle at vesting or, if the director has elected to defer the RSUs, within thirty days following the earlier of the termination of the director’s service for any reason or a change of control. During the nine months ended September 30, 2019, we granted 625,488 equivalent stock units, or cash-settled, liability-classified RSUs (“ESUs”), with a weighted average grant date fair value of $5.51, which will vest and settle ratably in three equal annual installments beginning on the anniversary of the date of grant. The ESUs will be settled in cash and the cash settled for any ESU will not exceed two times the fair market value of our common stock as of the day before the grant date. Compensation cost is remeasured each reporting period at fair value based upon the closing stock price of our common stock until the awards are settled. In addition, during the nine months ended September 30, 2019, we granted 377,334 performance stock unit awards (“PSUs”), which have a performance period from January 1, 2019 to December 31, 2021. The grant date fair value of the PSUs of $6.50 was measured using a Monte Carlo simulation. The number of PSUs ultimately issued under the program is dependent upon our total shareholder return relative to our performance peer group (“relative TSR”) over the three-year performance period. Each PSU will settle for between zero and two shares of our common stock in the first quarter of 2021. The threshold performance level (25th percentile relative TSR) starts to earn PSUs, the mid-point performance level (50th percentile relative TSR) earns 65% of the target PSUs and the maximum performance level (90th percentile relative TSR) or greater earns 200% of the target PSUs. Our Employee Stock Purchase Plan for U.S. Employees and our Employee Stock Purchase Plan for non-U.S. Employees (together, the “ESPP”) allows eligible employees to purchase shares of our common stock at a discounted price. In July 2019, we issued 115,192 shares of our common stock to our employees in connection with the settlement of the purchase of shares for the January 1, 2019 to June 30, 2019 offering period, which increased our common stock outstanding. The ESPP was temporarily suspended for future offering periods beginning on July 1, 2019. The total share-based compensation expense for all awards was $2.9 million for each of the three months ended September 30, 2019 and 2018 and $9.4 million and $8.2 million for the nine months ended September 30, 2019 and 2018, respectively.

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2019
Income Taxes [Abstract]
Income Taxes	Note 11. Income Taxes The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income (or loss) for the year, projections of the proportion of income (or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences and the likelihood of recovering deferred tax assets generated in the current year. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired or additional information is obtained. The computation of the annual effective rate would include applicable modifications, which were projected for the year, such as certain book expenses not deductible for tax, tax credits and foreign deemed dividends. We recorded a tax (benefit) expense of $(1.4) million and $3.2 million for the three months ended September 30, 2019 and 2018, respectively. For the nine months ended September 30, 2019 and 2018, we recorded a tax expense of $10.2 million and $3.1 million, respectively. Included in tax expense for the nine months ended September 30, 2019 was a valuation allowance against our U.S. deferred tax asset based on management’s position that we have not met the more likely than not condition of realizing the deferred tax asset based on the existence of sufficient projected U.S. taxable income of the appropriate character to recognize the tax benefit as well as the tax effect of a non-deductible goodwill impairment. These adjustments resulted in additional tax (benefit) expense for the three and nine months ended September 30, 2019 of approximately $(6.9) million and $11.7 million, respectively. For the three and nine months ended September 30, 2018, our effective rates were 29.3% and 15.7%, respectively. The income tax expense and effective tax rates for the three and nine months ended September 30, 2018 were significantly impacted by the U.S. Tax Cuts and Jobs Act of 2017 (the “2017 Tax Act”) including administrative guidance issued by the Internal Revenue Service on April 2, 2018. This guidance along with other updates resulted in a change to the calculation of the mandatory one-time tax on accumulated earnings of foreign subsidiaries in 2017 and a tax expense (benefit) of approximately $0.5 million and $(2.1) million for the three and nine months ended September 30, 2018, respectively. Additionally, the effective tax rate for the nine months ended September 30, 2019 and 2018 included a tax expense (benefit) of $0.4 million and $(0.4) million, respectively, for the tax effect of stock awards. The 2017 Tax Act was signed into law on December 22, 2017. The 2017 Tax Act significantly revised the U.S. corporate income tax by, among other things, lowering the statutory corporate tax rate from 35% to 21%, eliminating certain deductions, imposing a mandatory one-time tax on accumulated earnings of foreign subsidiaries as of 2017, introducing new tax regimes, and changing how foreign earnings are subject to U.S. tax. Our preliminary estimate of the 2017 Tax Act and the remeasurement of our deferred tax assets and liabilities is subject to the finalization of management’s analysis related to certain matters, such as developing interpretations of the provisions of the 2017 Tax Act, changes to certain estimates and the filing of our tax returns. U.S. Treasury regulations, administrative interpretations or court decisions interpreting the 2017 Tax Act may require further adjustments and changes in our estimates. Those adjustments may impact our provision for income taxes in the period in which the adjustments are made. For our calendar year beginning in 2018 we are subject to several provisions of the 2017 Tax Act including computations under Global Intangible Low Taxed Income (“GILTI”) and Foreign Derived Intangible Income (“FDII”). We were able to make a reasonable estimate of the impact of each provision of the 2017 Tax Act on our effective tax rate for the three and nine months ended September 30, 2019 and 2018. ASC 740 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. The impact of an uncertain income tax position on the income tax returns must be recognized at the largest amount that is more-likely-than-not to be required to be recognized upon audit by the relevant taxing authority. This standard also provides guidance on de-recognition, measurement, classification, interest and penalties, accounting for interim periods, disclosure and transition issues with respect to tax positions. We include interest and penalties as a component of other income (expense), net in the condensed consolidated statements of operations and recognized $42 thousand and $58 thousand for the nine months ended September 30, 2019 and 2018, respectively.

Earnings (Loss) Per Common Share

9 Months Ended

Sep. 30, 2019

Earnings (Loss) Per Common Share [Abstract]

Earnings (Loss) Per Common Share

Note 12. Earnings (Loss) Per Common Share

The following table presents the reconciliation of the numerator and denominator for calculating earnings (loss) per common share from net income (loss) (in thousands, except per share data):



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Numerator—Basic
Net income (loss)	$	6,609	$	7,766	$	(22,837)	$	16,813
Less: income attributable to participating shares		—		223		—		510
Less: income attributable to non-controlling interest		2,988		1,443		7,809		3,565
Net income (loss) attributable to NCS Multistage Holdings, Inc.––Basic	$	3,621	$	6,100	$	(30,646)	$	12,738

Numerator—Diluted
Net income (loss)	$	6,609	$	7,766	$	(22,837)	$	16,813
Less: income attributable to non-controlling interest		2,988		1,443		7,809		3,565
Net income (loss) attributable to NCS Multistage Holdings, Inc.––Diluted	$	3,621	$	6,323	$	(30,646)	$	13,248

Denominator
Basic weighted average number of shares		46,892		44,943		46,552		44,660
Exchangeable shares for common stock		—		1,327		—		1,398
Dilutive effect of stock options, RSUs, PSUs and ESPP		29		1,134		—		1,196
Diluted weighted average number of shares		46,921		47,404		46,552		47,254

Earnings (loss) per common share
Basic	$	0.08	$	0.14	$	(0.66)	$	0.29
Diluted	$	0.08	$	0.13	$	(0.66)	$	0.28

Potentially dilutive securities excluded as anti-dilutive		4,184		54		4,357		187

Segment and Geographic Information	9 Months Ended
Segment and Geographic Information	Sep. 30, 2019
Segment and Geographic Information [Abstract]
Segment and Geographic Information	Note 13. Segment and Geographic Information We have determined that we operate in one reportable segment that has been identified based on how our chief operating decision maker manages our business.

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 14. Subsequent Events As a result of events that occurred with our customers subsequent to September 30, 2019, we expect to record a provision for doubtful accounts of up to $1.8 million in the fourth quarter.

Basis of Presentation (Policy)	9 Months Ended
Basis of Presentation (Policy)	Sep. 30, 2019
Basis of Presentation [Abstract]
Nature of Business	Nature of Business NCS Multistage Holdings, Inc., a Delaware corporation, through its wholly owned subsidiaries and subsidiaries for which we have a controlling voting interest (collectively referred to as the “Company,” “NCS,” “we,” “our” and “us”), is primarily engaged in providing engineered products and support services for oil and natural gas well completions and field development strategies. We offer our products and services primarily to exploration and production companies for use in onshore wells. We operate through service facilities principally located in Houston, Midland and Corpus Christi, Texas; Tulsa and Oklahoma City, Oklahoma; Billings, Montana; Morgantown, West Virginia; Calgary, Red Deer, Grande Prairie and Estevan, Canada; Neuquén, Argentina and Stavanger, Norway.
Basis of Presentation	Basis of Presentation Our accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), issued by the Securities Exchange Commission (“SEC”) and have not been audited by our independent registered public accounting firm. The Condensed Consolidated Balance Sheet at December 31, 2018 is derived from our audited financial statements. However, certain information and footnote disclosures required by GAAP for complete annual financial statements have been omitted or condensed as permitted by the rules and regulations of the SEC, and, therefore, these interim financial statements should be read in conjunction with our audited financial statements included in our Annual Report on Form 10-K filed with the SEC on March 8, 2019. In the opinion of management, these condensed consolidated financial statements, which have been prepared pursuant to the rules of the SEC and GAAP for interim financial reporting, reflect all adjustments, which consisted only of normal recurring adjustments that were necessary for a fair statement of the interim periods presented. The results of operations for interim periods are not necessarily indicative of those for a full year. All intercompany accounts and transactions have been eliminated for purposes of preparing these condensed consolidated financial statements.
Inventories	Inventories Inventories consist primarily of raw material, product components, assembled products, certain components used to internally construct our frac isolation assemblies and chemicals, in raw material or finished goods, used in our tracer diagnostics services. Inventories are stated at the lower of cost or estimated net realizable value. Cost is determined at standard costs approximating the first-in first-out basis. We continuously evaluate inventories, based on an analysis of inventory levels, historical sales experience and future sales forecasts, to determine obsolete, slow-moving and excess inventory. Adjustments to reduce such inventory to its estimated recoverable value have been recorded as an adjustment to cost of sales.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Pronouncement Adopted in 2019 In February 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which requires lessees to recognize a right-of-use (“ROU”) asset and a lease liability for all leases with terms longer than 12 months. Under the new standard, lessees need to recognize leases on their balance sheets as lease liabilities with corresponding ROU assets. We adopted the standard effective January 1, 2019, using a modified retrospective transition method and applying certain optional practical expedients. NCS elected an optional transition method that allowed application of the new standard at the adoption date and the recognition of a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption with no adjustment to previously reported results. We also elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed the carry forward of historical lease classification as well as additional practical expedients related to land easements, short-term leases, and non-lease components. We did not elect the practical expedient related to hindsight. The standard had a material impact on our condensed consolidated balance sheet but did not materially impact our condensed consolidated statements of operations or condensed consolidated statements of cash flows. Adoption of the new standard resulted in the recording of ROU assets and lease liabilities of $7.5 million on January 1, 2019. See “Note 8. Leases” for more information. Pronouncements Not Yet Effective In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40). The ASU aligns the requirements to capitalize implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements to capitalize implementation costs incurred to develop or obtain internal-use software. For public entities, this guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. We are currently evaluating the impact of the adoption of this guidance. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820). The ASU modifies, removes and adds certain disclosure requirements on fair value measurements. For public entities, this guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted for all amendments. Further, entities may early adopt eliminated or modified disclosure requirements and delay the adoption of all new disclosure requirements until the effective date. We are currently evaluating the impact of the adoption of this guidance but do not currently expect that the adoption of this guidance will have a material impact on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326). This ASU introduces a new impairment model that is based on expected credit losses rather than incurred credit losses for financial instruments, including trade accounts receivable. It requires an entity to measure expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The new standard is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. On October 16, 2019, the FASB affirmed its decision on amendments to the effective dates for certain ASUs. The effective date for ASU 2016-13 will remain the same for public business entities that are SEC filers, excluding entities eligible to be small reporting companies (“SRC”). The effective date for all other entities, including SRCs, will begin after December 15, 2022, including interim periods within those fiscal years. The FASB expects the final ASU on effective dates will be issued in mid-November 2019. We are currently evaluating the impact of the adoption of this guidance.

Revenues (Tables)

9 Months Ended

Sep. 30, 2019

Revenues [Abstract]

Disaggregation of Revenue by Geographic Region


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
United States
Product sales	$	21,639	$	18,125	$	62,272	$	48,011
Services		6,915		8,157		18,370		27,976
Total United States		28,554		26,282		80,642		75,987
Canada
Product sales		18,531		21,215		43,953		67,653
Services		7,590		7,958		18,670		22,567
Total Canada		26,121		29,173		62,623		90,220
Other Countries
Product sales		3,586		5,293		4,708		6,850
Services		2,512		1,943		5,418		3,718
Total Other Countries		6,098		7,236		10,126		10,568
Total
Product sales		43,756		44,633		110,933		122,514
Services		17,017		18,058		42,458		54,261
Total revenues	$	60,773	$	62,691	$	153,391	$	176,775

Schedule of Contract Liabilities


	Contract Liabilities
	Current		Non-Current
Balance at December 31, 2018	$	515	$	—
Additions		99		—
Revenue recognized		(560)		—
Balance at September 30, 2019	$	54	$	—

Inventories (Tables)

9 Months Ended

Sep. 30, 2019

Inventories [Abstract]

Schedule of Inventories


	September 30,		December 31,
	2019		2018
Raw materials	$	2,235	$	2,470
Work in process		431		57
Finished goods		37,948		30,226
Total inventories	$	40,614	$	32,753

Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2019

Property and Equipment [Abstract]

Schedule of Property and Equipment by Major Asset Class



	September 30,		December 31,
	2019		2018
Land	$	2,054	$	1,995
Building and improvements		11,663		5,185
Machinery and equipment		21,158		18,135
Computers and software		2,466		2,373
Furniture and fixtures		1,191		1,097
Vehicles		7,226		6,980
Service equipment		244		244
		46,002		36,009
Less: Accumulated depreciation and amortization		(13,594)		(10,270)
		32,408		25,739
Construction in progress		1,262		6,557
Property and equipment, net	$	33,670	$	32,296

Schedule of Depreciation Expense Associated Income Statement Line Items


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Cost of sales
Cost of product sales	$	682	$	489	$	2,015	$	1,422
Cost of services		320		278		951		785
Selling, general and administrative expenses		459		407		1,416		1,222
Total depreciation	$	1,461	$	1,174	$	4,382	$	3,429

Goodwill and Identifiable Intangibles (Tables)

9 Months Ended

Sep. 30, 2019

Goodwill and Identifiable Intangibles [Abstract]

Changes in Carrying Amount of Goodwill



	Gross Value		Accumulated Impairment		Net
At December 31, 2017	$	184,478	$	—	$	184,478
Purchase price allocation adjustment		54		—		54
Impairment		—		(154,003)		(154,003)
Currency translation adjustment		(7,417)		—		(7,417)
At December 31, 2018	$	177,115	$	(154,003)	$	23,112
Impairment		—		(7,937)		(7,937)
Currency translation adjustment		47		—		47
At September 30, 2019	$	177,162	$	(161,940)	$	15,222

Schedule of Identifiable Intangibles



		September 30, 2019
	Estimated	Gross
	Useful	Carrying		Accumulated		Net
	Lives (Years)	Amount		Amortization		Balance
Technology	8 - 18	$	17,559	$	(1,933)	$	15,626
Trademarks	5 - 10		1,600		(333)		1,267
Customer relationships	10 - 21		28,634		(3,527)		25,107
Internally developed software	5		4,881		(735)		4,146
Total identifiable intangibles		$	52,674	$	(6,528)	$	46,146



		December 31, 2018
	Estimated	Gross
	Useful	Carrying		Accumulated		Net
	Lives (Years)	Amount		Amortization		Balance
Technology	8 - 18	$	17,289	$	(516)	$	16,773
Trademarks	5 - 10		1,600		(213)		1,387
Customer relationships	10 - 21		28,544		(2,339)		26,205
Internally developed software	5		4,620		—		4,620
Total identifiable intangibles		$	52,053	$	(3,068)	$	48,985

Accrued Expenses (Tables)

9 Months Ended

Sep. 30, 2019

Accrued Expenses [Abstract]

Schedule of Accrued Expenses



	September 30,		December 31,
	2019		2018
Accrued payroll and bonus	$	2,128	$	2,627
Property and franchise taxes accrual		425		424
Accrued other miscellaneous liabilities		641		1,033
Total accrued expenses	$	3,194	$	4,084

Debt (Tables)

9 Months Ended

Sep. 30, 2019

Debt [Abstract]

Schedule of Long-term Debt



	September 30,		December 31,
	2019		2018
Prior Senior Secured Credit Facility	$	—	$	20,000
New Senior Secured Credit Facility		13,000		—
Equipment notes		—		2,412
Finance leases		3,302		3,279
Total debt		16,302		25,691
Less: current portion		(1,609)		(2,236)
Long-term debt	$	14,693	$	23,455

Leases (Tables)

9 Months Ended

Sep. 30, 2019

Supplemental Balance Sheet Information Related to Leases


		September 30,
Leases	Condensed Consolidated Balance Sheet Classification	2019
Assets
Operating lease right-of-use assets	Deposits and other assets	$	5,507
Finance lease right-of-use assets (1)	Property and equipment, net		3,810
Total leased right-of-use assets		$	9,317

Liabilities
Current
Operating lease liabilities	Other current liabilities	$	2,217
Finance lease liabilities	Current maturities of long-term debt		1,609

Noncurrent
Operating lease liabilities	Other long-term liabilities		3,448
Finance lease liabilities	Long-term debt, less current maturities		1,693
Total lease liabilities		$	8,967

_______________

(1)

Finance lease right-of-use assets are recorded net of accumulated amortization of $2.2 million as of September 30, 2019.

Components of Lease Expense


		Three Months Ended		Nine Months Ended
		September 30,			September 30,
Lease Cost	Condensed Consolidated Statements of Operations Classification	2019			2019
Operating lease cost	Cost of sales; Selling, general and administrative expenses	$	764		$	2,140
Finance lease cost
Amortization of right-of-use assets	Depreciation		365			1,055
Interest on lease liabilities	Interest expense, net		63			196
Short-term lease cost	Cost of sales; Selling, general and administrative expenses		221			646
Total lease cost		$	1,413		$	4,037

Lease Term and Discount Rate


	September 30,
Lease Term and Discount Rate	2019
Weighted-average remaining lease term (years):
Operating leases		3.4
Finance leases		1.6
Weighted-average discount rate:
Operating leases		5.9	%
Finance leases		5.5	%

Supplemental Cash Flow and Other Information Related to Leases


	Nine Months Ended
	September 30,
Other Information	2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	2,492
Operating cash flows from finance leases		196
Financing cash flows from finance leases		1,304
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	336
Finance leases		1,371

Schedule of Future Annual Commitments Under ASC 840


Year Ending December 31,	Operating Leases		Finance Leases
2019	$	2,867	$	1,768
2020		1,276		973
2021		757		686
2022		434		198
2023		292		—
Thereafter		398		—
Total lease payments	$	6,024	$	3,625
Less: interest		—		346
Present value of lease liabilities	$	6,024	$	3,279

Accounting Standards Update 2016-02 [Member]

Maturities of Lease Liabilities


Year Ending December 31,	Operating Leases		Finance Leases
2019 (excluding the nine months ended September 30, 2019)	$	783	$	575
2020		2,220		1,538
2021		1,584		1,041
2022		781		449
2023		267		—
Thereafter		590		—
Total lease payments	$	6,225	$	3,603
Less: interest		560		301
Present value of lease liabilities	$	5,665	$	3,302

Earnings (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings (Loss) Per Common Share [Abstract]

Reconciliation of Numerator and Denominator for Calculating Earnings (loss) Per Share from Net Income (loss)



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Numerator—Basic
Net income (loss)	$	6,609	$	7,766	$	(22,837)	$	16,813
Less: income attributable to participating shares		—		223		—		510
Less: income attributable to non-controlling interest		2,988		1,443		7,809		3,565
Net income (loss) attributable to NCS Multistage Holdings, Inc.––Basic	$	3,621	$	6,100	$	(30,646)	$	12,738

Numerator—Diluted
Net income (loss)	$	6,609	$	7,766	$	(22,837)	$	16,813
Less: income attributable to non-controlling interest		2,988		1,443		7,809		3,565
Net income (loss) attributable to NCS Multistage Holdings, Inc.––Diluted	$	3,621	$	6,323	$	(30,646)	$	13,248

Denominator
Basic weighted average number of shares		46,892		44,943		46,552		44,660
Exchangeable shares for common stock		—		1,327		—		1,398
Dilutive effect of stock options, RSUs, PSUs and ESPP		29		1,134		—		1,196
Diluted weighted average number of shares		46,921		47,404		46,552		47,254

Earnings (loss) per common share
Basic	$	0.08	$	0.14	$	(0.66)	$	0.29
Diluted	$	0.08	$	0.13	$	(0.66)	$	0.28

Potentially dilutive securities excluded as anti-dilutive		4,184		54		4,357		187

Basis of Presentation (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
ROU assets	$ 5,507
Lease liabilities	$ 5,665
Accounting Standards Update 2016-02 [Member]
ROU assets		$ 7,500
Lease liabilities		$ 7,500

Revenues (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Revenues (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues [Abstract]
Revenue recognized from the contract liability balance	$ 31	$ 100	$ 560	$ 200

Revenues (Disaggregation of Revenue by Geographic Region) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 60,773	$ 62,691	$ 153,391	$ 176,775
Product sales [Member]
Disaggregation of Revenue [Line Items]
Revenues	43,756	44,633	110,933	122,514
Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	17,017	18,058	42,458	54,261
United States [Member]
Disaggregation of Revenue [Line Items]
Revenues	28,554	26,282	80,642	75,987
United States [Member] \| Product sales [Member]
Disaggregation of Revenue [Line Items]
Revenues	21,639	18,125	62,272	48,011
United States [Member] \| Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,915	8,157	18,370	27,976
Canada [Member]
Disaggregation of Revenue [Line Items]
Revenues	26,121	29,173	62,623	90,220
Canada [Member] \| Product sales [Member]
Disaggregation of Revenue [Line Items]
Revenues	18,531	21,215	43,953	67,653
Canada [Member] \| Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	7,590	7,958	18,670	22,567
Other Countries [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,098	7,236	10,126	10,568
Other Countries [Member] \| Product sales [Member]
Disaggregation of Revenue [Line Items]
Revenues	3,586	5,293	4,708	6,850
Other Countries [Member] \| Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 2,512	$ 1,943	$ 5,418	$ 3,718

Revenues (Schedule of Contract Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Change in Contract with Customer, Asset and Liability [Abstract]
Contract Liabilities Current Beginning Balance			$ 515
Additions			99
Revenue recognized	$ (31)	$ (100)	(560)	$ (200)
Contract Liabilities Current Ending Balance	$ 54		$ 54

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventories [Abstract]
Raw materials	$ 2,235	$ 2,470
Work in process	431	57
Finished goods	37,948	30,226
Total inventories	$ 40,614	$ 32,753

Property and Equipment (Schedule of Property and Equipment by Major Asset Class) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment	$ 46,002	$ 36,009
Less: Accumulated depreciation and amortization	(13,594)	(10,270)
Property and equipment, net, excluding construction in progress	32,408	25,739
Construction in progress	1,262	6,557
Property and equipment, net	33,670	32,296
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	2,054	1,995
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	11,663	5,185
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	21,158	18,135
Computers and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	2,466	2,373
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,191	1,097
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	7,226	6,980
Service equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 244	$ 244

Property and Equipment (Schedule of Depreciation Expense Associated Income Statement Line Items) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Depreciation expense	$ 1,461	$ 1,174	$ 4,382	$ 3,429
Cost of product sales [Member]
Depreciation expense	682	489	2,015	1,422
Cost of services [Member]
Depreciation expense	320	278	951	785
Selling, general and administrative expenses [Member]
Depreciation expense	$ 459	$ 407	$ 1,416	$ 1,222

Goodwill and Identifiable Intangibles (Narrative) (Details)	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Dec. 31, 2018 USD ($) segment	Sep. 30, 2018 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)	Dec. 31, 2018 USD ($) segment	Dec. 31, 2017 USD ($)
Goodwill [Line Items]
Number of reporting units \| segment			2				3
Goodwill impairment charge					$ 7,937,000		$ 154,003,000
Goodwill	$ 15,222,000		$ 23,112,000		15,222,000		$ 23,112,000	$ 184,478,000
Amortization expense	1,153,000			$ 3,255,000	3,451,000	$ 9,859,000
Impairment loss of identifiable intangible assets	0		$ 73,500,000		0
Tracer Diagnostic Services [Member]
Goodwill [Line Items]
Goodwill impairment charge		$ 7,900,000
Goodwill	0				0
Other Reporting Unit [Member]
Goodwill [Line Items]
Goodwill impairment charge	$ 0				$ 0

Goodwill and Identifiable Intangibles (Changes in Carrying Amount of Goodwill) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Goodwill and Identifiable Intangibles [Abstract]
Goodwill gross beginning balance	$ 177,115	$ 184,478
Goodwill gross, Purchase price allocation adjustments		54
Goodwill gross, Currency translation adjustment	47	(7,417)
Goodwill gross ending balance	177,162	177,115
Accumulated Impairment beginning balance	(154,003)
Accumulated impairment, Impairment	(7,937)	(154,003)
Accumulated Impairment ending balance	(161,940)	(154,003)
Goodwill net beginning balance	23,112	184,478
Goodwill net, Purchase price allocation adjustment		54
Goodwill net, Impairment	(7,937)	(154,003)
Goodwill net, Currency translation adjustment	47	(7,417)
Goodwill net ending balance	$ 15,222	$ 23,112

Goodwill and Identifiable Intangibles (Schedule of Identifiable Intangibles) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Carrying Amount	$ 52,674	$ 52,053
Finite-lived intangible assets, Accumulated Amortization	(6,528)	(3,068)
Finite-lived intangible assets, Net Balance	46,146	48,985
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Carrying Amount	17,559	17,289
Finite-lived intangible assets, Accumulated Amortization	(1,933)	(516)
Finite-lived intangible assets, Net Balance	$ 15,626	$ 16,773
Technology [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	8 years	8 years
Technology [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	18 years	18 years
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Carrying Amount	$ 1,600	$ 1,600
Finite-lived intangible assets, Accumulated Amortization	(333)	(213)
Finite-lived intangible assets, Net Balance	$ 1,267	$ 1,387
Trademarks [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years	5 years
Trademarks [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	10 years	10 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Carrying Amount	$ 28,634	$ 28,544
Finite-lived intangible assets, Accumulated Amortization	(3,527)	(2,339)
Finite-lived intangible assets, Net Balance	$ 25,107	$ 26,205
Customer Relationships [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	10 years	10 years
Customer Relationships [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	21 years	21 years
Internally Developed Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	5 years	5 years
Finite-lived intangible assets, Gross Carrying Amount	$ 4,881	$ 4,620
Finite-lived intangible assets, Accumulated Amortization	(735)
Finite-lived intangible assets, Net Balance	$ 4,146	$ 4,620

Accrued Expenses (Schedule of Accrued Expenses) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accrued Expenses [Abstract]
Accrued payroll and bonus	$ 2,128	$ 2,627
Property and franchise taxes accrual	425	424
Accrued other miscellaneous liabilities	641	1,033
Total accrued expenses	$ 3,194	$ 4,084

Debt (Narrative) (Details) - USD ($)				1 Months Ended		3 Months Ended	9 Months Ended
Debt (Narrative) (Details) - USD ($)	May 01, 2019	May 04, 2017	Feb. 27, 2017	Sep. 30, 2018	Feb. 28, 2017	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Feb. 16, 2018	Aug. 31, 2017
Debt Instrument [Line Items]
Amortization expense of deferred financing charges							$ 236,000	$ 251,000
Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt instrument, fair value						$ 15,800,000	15,800,000		$ 25,300,000
Prior Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Interest expense and commitment fees							500,000	900,000
Debt issuance cost		$ 1,000,000
Unamortized deferred costs						300,000	300,000
Prior Senior Secured Credit Facility [Member] \| Revolving Credit U.S. Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		25,000,000
Prior Senior Secured Credit Facility [Member] \| Revolving Credit Canadian Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		25,000,000
Prior Senior Secured Credit Facility [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		5,000,000
Prior Senior Secured Credit Facility [Member] \| Swingline Loans [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 5,000,000
Prior Senior Secured Credit Facility [Member] \| Minimum [Member] \| US And Canadian Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate		2.25%
Prior Senior Secured Credit Facility [Member] \| Minimum [Member] \| Eurocurrency Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate		3.25%
Prior Senior Secured Credit Facility [Member] \| Maximum [Member] \| US And Canadian Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate		3.00%
Prior Senior Secured Credit Facility [Member] \| Maximum [Member] \| Eurocurrency Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate		4.00%
New Senior Secured Credit Facility [Member] \| Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Interest expense and commitment fees						300,000	500,000
Debt issuance cost	$ 900,000
Unamortized deferred costs	300,000
Amortization expense of deferred financing charges						100,000	100,000
New Senior Secured Credit Facility [Member] \| Wells Fargo Bank [Member] \| Revolving Credit U.S. Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	50,000,000
Line of credit outstanding						13,000,000	13,000,000
New Senior Secured Credit Facility [Member] \| Wells Fargo Bank [Member] \| Revolving Credit Canadian Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	25,000,000
Line of credit outstanding						0	0
New Senior Secured Credit Facility [Member] \| Wells Fargo Bank [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	5,000,000
New Senior Secured Credit Facility [Member] \| Wells Fargo Bank [Member] \| Swingline Loans [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 5,000,000
New Senior Secured Credit Facility [Member] \| Minimum [Member] \| If Leverage Ratio as of End of Any Fiscal Quarter is Greater than 2.00 to 1.00 and the Amount Outstanding Under the Canadian Facility at Any Time During such Fiscal Quarter was Greater than $0 [Member] \| Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Asset coverage ratio	1.00%
New Senior Secured Credit Facility [Member] \| Minimum [Member] \| If Leverage Ratio as of End of Any Fiscal Quarter is Greater than 2.00 to 1.00 and Amount Outstanding Under U.S. Facility at Any Time During such Fiscal Quarter was Greater than $0 [Member] \| Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Asset coverage ratio	1.00%
New Senior Secured Credit Facility [Member] \| Maximum [Member] \| Commencing on Quarter Ending June 30, 2019 through Last Day of Each Fiscal Quarter [Member] \| Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Leverage ratio	2.50%
Interest coverage ratio	2.75%
Promissory Note [Member] \| Repeat Precision [Member]
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity			$ 3,800,000							$ 4,300,000
Long-term debt, gross						0	0		0
Promissory Note [Member] \| Repeat Precision [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate			1.00%
Equipment Notes [Member] \| Repeat Precision [Member]
Debt Instrument [Line Items]
Debt instrument, face amount					$ 800,000
Equipment Notes [Member] \| Repeat Precision [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate					1.00%
Equipment Notes [Member] \| Repeat Precision [Member] \| February 2017 Note [Member]
Debt Instrument [Line Items]
Long-term debt, gross						0	$ 0		400,000
Debt maturity date							Feb. 27, 2021
Equipment Notes [Member] \| Repeat Precision [Member] \| September 2018 Note [Member]
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity				$ 3,800,000				$ 3,800,000
Long-term debt, gross						$ 0	$ 0		2,000,000
Debt maturity date							Jun. 07, 2023
Equipment Notes [Member] \| Repeat Precision [Member] \| September 2018 Note [Member] \| Prime Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate				1.00%
Amended And Restated Credit Agreement [Member] \| New Senior Secured Credit Facility [Member] \| Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Debt instrument stated interest rate						5.125%	5.125%
Amendment [Member] \| Prior Senior Secured Credit Facility [Member] \| Revolving Credit U.S. Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity											$ 50,000,000
Line of credit outstanding									20,000,000
Amendment [Member] \| Prior Senior Secured Credit Facility [Member] \| Revolving Credit Canadian Facility [Member]
Debt Instrument [Line Items]
Line of credit outstanding									$ 0

Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Debt and finance leases	$ 16,302	$ 25,691
Less: current portion	(1,609)	(2,236)
Long-term debt	14,693	23,455
Prior Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Total debt		20,000
New Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	13,000
Equipment Notes [Member]
Debt Instrument [Line Items]
Total debt		2,412
Finance Leases [Member]
Debt Instrument [Line Items]
Total debt	$ 3,302	$ 3,279

Leases (Narrative) (Details) $ in Millions	Sep. 30, 2019 USD ($)
Additional operating leases not yet commenced	$ 8.6
Maximum [Member]
Operating lease renewal terms	10 years
Minimum [Member]
Operating lease renewal terms	5 years

Leases (Supplemental Balance Sheet Information Related to Leases) (Details)
$ in Thousands

Sep. 30, 2019

USD ($)

Operating lease right-of-use assets

$ 5,507

Finance lease right-of-use assets

3,810

^[1]

Total leased right-of-use assets

9,317

Liabilities Current

Operating lease liabilities

2,217

Finance lease liabilities

1,609

Liabilities Noncurrent

Operating lease liabilities

3,448

Finance lease liabilities

1,693

Total lease liabilities

8,967

Finance Lease Right-of-Use Assets [Member]

Liabilities Noncurrent

Accumulated amortization

$ 2,200

[1]	Finance lease right-of-use assets are recorded net of accumulated amortization of $2.2 million as of September 30, 2019.

Leases (Components of Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 764	$ 2,140
Finance lease cost
Amortization of right-of-use assets	365	1,055
Interest on lease liabilities	63	196
Short-term lease cost	221	646
Total lease cost	$ 1,413	$ 4,037

Leases (Maturities of Lease Liabilities) (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Operating Leases
2019 (excluding the nine months ended June 30, 2019)	$ 783
2020	2,220
2021	1,584
2022	781
2023	267
Thereafter	590
Total lease payments	6,225
Less: interest	560
Present value of lease liabilities	5,665
Finance Leases
2019 (excluding the nine months ended June30, 2019)	575
2020	1,538
2021	1,041
2022	449
Total lease payments	3,603
Less: interest	301
Present value of lease liabilities	$ 3,302

Leases (Lease Term and Discount Rate) (Details)	Sep. 30, 2019
Leases [Abstract]
Weighted-average remaining lease term (years): Operating leases	3 years 4 months 24 days
Weighted-average remaining lease term (years): Finance leases	1 year 7 months 6 days
Weighted-average discount rate: Operating leases	5.90%
Weighted-average discount rate: Finance leases	5.50%

Leases (Supplemental Cash Flow and Other Information Related to Leases) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019 USD ($)
Leases [Abstract]
Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases	$ 2,492
Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from finance leases	196
Cash paid for amounts included in measurement of lease liabilities: Financing cash flows from finance leases	1,304
Right-of-use assets obtained in exchange for new lease liabilities: Operating leases	336
Right-of-use assets obtained in exchange for new lease liabilities: Finance leases	$ 1,371

Leases (Scheduel of Future Annual Commitments Under ASC 840) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Operating Leases
2019	$ 2,867
2020	1,276
2021	757
2022	434
2023	292
Thereafter	398
Total lease payments	6,024
Present value of lease liabilities	6,024
Finance Leases
2019	1,768
2020	973
2021	686
2022	198
Total lease payments	3,625
Less: interest	346
Present value of lease liabilities	$ 3,279

Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Allocated share-based compensation expense		$ 2.9	$ 2.9	$ 9.4	$ 8.2
Restricted Stock Units (RSUs) [Member]
Share-based compensation shares granted				1,030,216
Weighted average grant date fair value				$ 5.28
Share-based compensation vesting period				3 years
Restricted Stock Units (RSUs) [Member] \| Non-Employee Board Of Directors [Member]
Share-based compensation vesting period				1 year
Restricted Stock Units (RSUs) [Member] \| Vest on One Year Anniversary [Member]
Share-based compensation shares granted				842,236
Restricted Stock Units (RSUs) [Member] \| Vest on One Year Anniversary [Member] \| Non-Employee Board Of Directors [Member]
Share-based compensation shares granted				187,980
Equivalent Stock Units (ESUs) [Member]
Share-based compensation shares granted				625,488
Weighted average grant date fair value				$ 5.51
Share-based compensation vesting period				3 years
Performance Stock Unit Awards (PSUs) [Member]
Share-based compensation shares granted				377,334
Weighted average grant date fair value				$ 6.50
Share-based compensation award vesting period				3 years
Performance Stock Unit Awards (PSUs) [Member] \| Minimum [Member]
Number of common stock shares issued for each PSU				0
Performance Stock Unit Awards (PSUs) [Member] \| Maximum [Member]
Number of common stock shares issued for each PSU				2
Performance Stock Unit Awards (PSUs) [Member] \| 50th percentile relative TSR [Member]
Percentage of vesting of share-based compensation awards				65.00%
Performance Stock Unit Awards (PSUs) [Member] \| 90th percentile relative TSR [Member]
Percentage of vesting of share-based compensation awards				200.00%
Employee Stock Purchase Plan (ESPP) [Member]
Shares of common stock issued in connection with settlement of purchase of shares	115,192

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Income Taxes (Narrative) (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Income tax (before) expense	$ (1,396,000)	$ 3,211,000	$ 10,200,000	$ 3,137,000
Effective tax rate		29.30%		15.70%
Additional income tax expense resulted from adjustments	$ (6,900,000)		11,700,000
Tax expense (benefit) from exercise of stock option awards			(400,000)	$ 400,000
Tax benefit as result of U.S. Tax Cuts and Jobs Act of 2017		$ 500,000		(2,100,000)
Statutory corporate tax rate					21.00%	35.00%
Income tax interest and penalties			$ 42,000	$ 58,000

Earnings (Loss) Per Common Share (Reconciliation of Numerator and Denominator for Calculating Earnings (loss) Per Share from Net Income (loss)) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator—Basic
Net income (loss)	$ 6,609	$ (19,568)	$ (9,878)	$ 7,766	$ (2,818)	$ 11,865	$ (22,837)	$ 16,813
Less: income attributable to participating shares				223				510
Less: income attributable to non-controlling interest	2,988			1,443			7,809	3,565
Net income (loss) attributable to NCS Multistage Holdings, Inc.—Basic	3,621			6,100			(30,646)	12,738
Numerator—Diluted
Net income (loss)	6,609	$ (19,568)	$ (9,878)	7,766	$ (2,818)	$ 11,865	(22,837)	16,813
Less: income attributable to non-controlling interest	2,988			1,443			7,809	3,565
Net income (loss) attributable to NCS Multistage Holdings, Inc.—Diluted	$ 3,621			$ 6,323			$ (30,646)	$ 13,248
Denominator
Basic weighted average number of shares (in shares)	46,892,000			44,943,000			46,552,000	44,660,000
Exchangeable shares for common stock (in shares)				1,327,000				1,398,000
Dilutive effect of stock options, RSUs, PSUs and ESPP	29,000			1,134,000				1,196,000
Diluted weighted average number of shares (in shares)	46,921,000			47,404,000			46,552,000	47,254,000
Earnings (loss) per common share
Basic (in dollars per share)	$ 0.08			$ 0.14			$ (0.66)	$ 0.29
Diluted (in dollars per share)	$ 0.08			$ 0.13			$ (0.66)	$ 0.28
Potentially dilutive securities excluded as anti-dilutive	4,184,000			54,000			4,357,000	187,000

Segment and Geographic Information (Narrative) (Details)	9 Months Ended
	Sep. 30, 2019 segment
Segment and Geographic Information [Abstract]
Number of reportable segments	1

Subsequent Events (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Subsequent Events [Line Items]
Provision for doubtful accounts		$ 846	$ 311
Subsequent Event [Member]
Subsequent Events [Line Items]
Provision for doubtful accounts	$ 1,800