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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment

Goodwill — Goodwill by operating segment as of September 30, 2017 and changes for the nine months then ended are as follows (in thousands):

 

Contract

 

 

Pressure

 

 

 

 

 

 

Drilling

 

 

Pumping

 

 

Total

 

Balance at beginning of period

$

86,234

 

 

$

 

 

$

86,234

 

Goodwill acquired

 

300,819

 

 

 

137,647

 

 

 

438,466

 

Balance at end of period

$

387,053

 

 

$

137,647

 

 

$

524,700

 

 

Gross Carrying Amount and Accumulated Amortization of Intangible Assets

Intangible Assets — The following table presents the gross carrying amount and accumulated amortization of the intangible assets as of September 30, 2017 and December 31, 2016 (in thousands):

 

September 30, 2017

 

 

December 31, 2016

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer relationships

$

25,500

 

 

$

(25,500

)

 

$

 

 

$

25,500

 

 

$

(22,768

)

 

$

2,732

 

Favorable drilling contracts

 

22,500

 

 

 

(13,518

)

 

 

8,982

 

 

 

 

 

 

 

 

 

 

 

$

48,000

 

 

$

(39,018

)

 

$

8,982

 

 

$

25,500

 

 

$

(22,768

)

 

$

2,732