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GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
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 SolutionsInternational SolutionsOffshore SolutionsOther
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, 2025September 30, 2024
(in thousands) Weighted Average Estimated Useful LivesGross Carrying AmountAccumulated Amortization
Currency Translation Adjustment
NetGross Carrying AmountAccumulated AmortizationNet
Finite-lived intangible assets:
Developed technology14 years$110,516 $47,278 $— $63,238 $89,096 $40,047 $49,049 
Customer relationships9 years432,200 42,077 14,202 404,325 — — — 
Intellectual property13 years2,000 821 — 1,179 2,000 662 1,338 
Trade name13 years16,725 3,088 — 13,637 5,865 2,105 3,760 
Indefinite-lived intangible asset:— 
In-process research and developmentIndefinite3,161 — 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, 2025September 30, 2024
(in thousands) Weighted Average Estimated Useful LivesGross Carrying AmountAccumulated Amortization
Currency Translation Adjustment
NetGross Carrying AmountAccumulated AmortizationNet
Finite-lived intangible assets:
Developed technology14 years$110,516 $47,278 $— $63,238 $89,096 $40,047 $49,049 
Customer relationships9 years432,200 42,077 14,202 404,325 — — — 
Intellectual property13 years2,000 821 — 1,179 2,000 662 1,338 
Trade name13 years16,725 3,088 — 13,637 5,865 2,105 3,760 
Indefinite-lived intangible asset:— 
In-process research and developmentIndefinite3,161 — 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