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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table sets forth our goodwill balance by segment for the periods indicated:
(in thousands) | North America Solutions |  | International Solutions |  | Offshore Solutions |  | Other |  | Total
Goodwill balance at September 30, 2024 | $ | 45,653 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 45,653 |
Acquisition of KCA Deutag | — |  |  | 131,351 |  |  | 121,906 |  |  | 44,907 |  |  | 298,164 |
Measurement period adjustments | — |  |  | 1,369 |  |  | 6,457 |  |  | 7,949 |  |  | 15,775 |
Currency translation adjustment | — |  |  | — |  |  | 8,838 |  |  | 6,610 |  |  | 15,448 |
Impairment charges | — |  |  | (132,720) |  |  | — |  |  | (59,466) |  |  | (192,186) |
Goodwill balance at September 30, 2025 | $ | 45,653 |  |  | $ | — |  |  | $ | 137,201 |  |  | $ | — |  |  | $ | 182,854 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | Finite-lived intangible assets are amortized using the straight-line method over the period in which these assets contribute to our cash flows and are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with our policies for valuation of long-lived assets. After initial recognition, in-process research and development ("IPR&D") assets are considered indefinite-lived until the abandonment or completion of the associated research and development effort. During the year ended September 30, 2025, we reclassified $1.2 million to Property, plant and equipment, net on our Consolidated Balance Sheets upon the completion of related projects. Acquired IPR&D is not amortized, but is subject to an annual impairment assessment. Our intangible assets consist of the following:
|  |  | September 30, 2025 |  | September 30, 2024
(in thousands) | Weighted Average Estimated Useful Lives |  | Gross Carrying Amount |  | Accumulated Amortization |  | Currency Translation Adjustment |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 14 years |  | $ | 110,516 |  |  | $ | 47,278 |  |  | $ | — |  |  | $ | 63,238 |  |  | $ | 89,096 |  |  | $ | 40,047 |  |  | $ | 49,049 |
Customer relationships | 9 years |  | 432,200 |  |  | 42,077 |  |  | 14,202 |  |  | 404,325 |  |  | — |  |  | — |  |  | — |
Intellectual property | 13 years |  | 2,000 |  |  | 821 |  |  | — |  |  | 1,179 |  |  | 2,000 |  |  | 662 |  |  | 1,338 |
Trade name | 13 years |  | 16,725 |  |  | 3,088 |  |  | — |  |  | 13,637 |  |  | 5,865 |  |  | 2,105 |  |  | 3,760 |
Indefinite-lived intangible asset: |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |
In-process research and development | Indefinite |  | 3,161 |  |  | — |  |  |  |  | 3,161 |  |  | — |  |  | — |  |  | — |
|  |  | $ | 564,602 |  |  | $ | 93,264 |  |  | $ | 14,202 |  |  | $ | 485,540 |  |  | $ | 96,961 |  |  | $ | 42,814 |  |  | $ | 54,147 |
Schedule of Acquired Indefinite-Lived Intangible Assets by Major Class | Finite-lived intangible assets are amortized using the straight-line method over the period in which these assets contribute to our cash flows and are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with our policies for valuation of long-lived assets. After initial recognition, in-process research and development ("IPR&D") assets are considered indefinite-lived until the abandonment or completion of the associated research and development effort. During the year ended September 30, 2025, we reclassified $1.2 million to Property, plant and equipment, net on our Consolidated Balance Sheets upon the completion of related projects. Acquired IPR&D is not amortized, but is subject to an annual impairment assessment. Our intangible assets consist of the following:
|  |  | September 30, 2025 |  | September 30, 2024
(in thousands) | Weighted Average Estimated Useful Lives |  | Gross Carrying Amount |  | Accumulated Amortization |  | Currency Translation Adjustment |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 14 years |  | $ | 110,516 |  |  | $ | 47,278 |  |  | $ | — |  |  | $ | 63,238 |  |  | $ | 89,096 |  |  | $ | 40,047 |  |  | $ | 49,049 |
Customer relationships | 9 years |  | 432,200 |  |  | 42,077 |  |  | 14,202 |  |  | 404,325 |  |  | — |  |  | — |  |  | — |
Intellectual property | 13 years |  | 2,000 |  |  | 821 |  |  | — |  |  | 1,179 |  |  | 2,000 |  |  | 662 |  |  | 1,338 |
Trade name | 13 years |  | 16,725 |  |  | 3,088 |  |  | — |  |  | 13,637 |  |  | 5,865 |  |  | 2,105 |  |  | 3,760 |
Indefinite-lived intangible asset: |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |
In-process research and development | Indefinite |  | 3,161 |  |  | — |  |  |  |  | 3,161 |  |  | — |  |  | — |  |  | — |
|  |  | $ | 564,602 |  |  | $ | 93,264 |  |  | $ | 14,202 |  |  | $ | 485,540 |  |  | $ | 96,961 |  |  | $ | 42,814 |  |  | $ | 54,147 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Over the next five years, amortization expense is estimated to be as follows:
(in thousands) |
Fiscal year: |
2026 | $ | 74,198 |
2027 | 72,718 |
2028 | 72,711 |
2029 | 47,894 |
2030 | 35,106 |

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