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GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Jun. 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 Deutag1
— 131,351 121,906 44,907 298,164 
Measurement period adjustments
— (3,000)(1,000)— (4,000)
Impairment charges
— (128,351)— (44,907)(173,258)
Goodwill balance at June 30, 2025
$45,653 $— $120,906 $— $166,559 
(1)The allocation of goodwill is preliminary and may be updated as we continue to evaluate the benefits of expected commercial synergies to our segments.
Schedule of Intangible Assets Arising from Business Acquisitions
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. Acquired IPR&D is not amortized, but is subject to an annual impairment assessment. Our intangible assets consist of the following:
June 30, 2025September 30, 2024
(in thousands) Weighted Average Estimated Useful LivesGross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNet
Finite-lived intangible assets:
Developed technology14 years$110,516 $45,300 $65,216 $89,096 $40,047 $49,049 
Customer relationships
9 years432,200 25,005 407,195 — — — 
Intellectual property13 years2,000 781 1,219 2,000 662 1,338 
Trade name13 years16,725 2,743 13,982 5,865 2,105 3,760 
Indefinite-lived intangible asset:
In-process research and development
Indefinite
6,183 — 6,183 — — — 
$567,624 $73,829 $493,795 $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:
Remainder of 2025
$19,435 
2026
74,198 
2027
72,718 
2028
72,711 
2029
47,894