XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.25.2

Long-Lived and Other Asset Impairment | 6 Months Ended
--- | ---
Jun. 30, 2025
Long-Lived and Other Asset Impairment |
Long-Lived and Other Asset Impairment | 11. Long-Lived and Other Asset Impairment ​ We review long-lived assets, including property, plant and equipment and identifiable intangibles that are being amortized, for impairment whenever events or changes in circumstances, including remeasurement of the disposal group classified as held for sale and the removal of compressors from our active fleet, indicate that the carrying amount of an asset may not be recoverable. Compression Fleet We periodically review the future deployment of our idle compression assets for units that are not of the type, configuration, condition, make or model that are cost efficient to maintain and operate. Based on these reviews, we determine that certain idle compressors should be retired from the active fleet. The retirement of these units from the active fleet triggers a review of these assets for impairment, and as a result of our review, we may record an asset impairment to reduce the book value of each unit to its estimated fair value. The fair value of each unit is estimated based on the expected net sale proceeds compared to other fleet units we recently sold, a review of other units recently offered for sale by third parties or the estimated component value of the equipment we plan to use. In connection with our review of our idle compression assets, we evaluate for impairment idle units that were culled from our fleet in prior years and are available for sale. Based on that review, we may reduce the expected proceeds from disposition and record additional impairment to reduce the book value of each unit to its estimated fair value. The following table presents the results of our compression fleet impairment review as recorded in our contract operations segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(dollars in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Idle compressors retired from the active fleet |  | ​ | 30 |  | ​ | 40 |  | ​ | 50 |  | ​ | 65
Horsepower of idle compressors retired from the active fleet |  | ​ | 12,000 |  | ​ | 32,000 |  | ​ | 17,000 |  | ​ | 46,000
Impairment recorded on idle compressors retired from the active fleet | ​ | $ | 2,110 | ​ | $ | 4,401 | ​ | $ | 3,082 | ​ | $ | 6,969
​ See Note 15 (“Fair Value Measurements”) for further details. ​ Assets Held For Sale ​ In connection with the classification of the disposal group as assets held for sale as of June 30, 2025, we adjusted the carrying value of the disposal group to its estimated fair value less costs to sell and recorded a write-down of $8.7 million during the three and six months ended June 30, 2025, which is included in long-lived and other asset impairment in our condensed consolidated statements of operations. See Note 18 (“Assets Held for Sale”) for further details.

X
- References No definition available. + Details
Name: | us-gaap_AssetImpairmentChargesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. + References No definition available. + Details
Name: | us-gaap_AssetImpairmentChargesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration