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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Summary of Segment and Weighted Average Useful Life of Intangible Assets | The following table identifies the segment and weighted average useful life of each of our intangible assets:
|  |  |  | Weighted Average |
|  | Segment |  | Useful Life |
|  |  |  | (in years) |
Customer relationships |  | Other operations |  |  | 7.00 |
Developed technology |  | Directional drilling |  |  | 10.00 |
Internal use software |  | Directional drilling |  |  | 5.00 |
Trade name |  | Contract drilling |  |  | 5.00 |
Gross Carrying Amount and Accumulated Amortization of Intangible Assets | The gross carrying amount and accumulated amortization of intangible assets as of December 31, 2021 and 2020 are as follows (in thousands):
|  | 2021 |  |  | 2020 |
|  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |  |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Amount |  |  | Amortization |  |  | Amount |  |  | Amount |  |  | Amortization |  |  | Amount |
Customer relationships |  | $ | 1,800 |  |  | $ | (814 | ) |  | $ | 986 |  |  | $ | 28,000 |  |  | $ | (26,757 | ) |  | $ | 1,243 |
Developed technology |  |  | 55,772 |  |  |  | (50,996 | ) |  |  | 4,776 |  |  |  | 55,772 |  |  |  | (27,515 | ) |  |  | 28,257 |
Internal use software |  |  | 1,428 |  |  |  | (515 | ) |  |  | 913 |  |  |  | 906 |  |  |  | (319 | ) |  |  | 587 |
Trade name |  |  | 907 |  |  |  | (45 | ) |  |  | 862 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 59,907 |  |  | $ | (52,370 | ) |  | $ | 7,537 |  |  | $ | 84,678 |  |  | $ | (54,591 | ) |  | $ | 30,087 |
Remaining Amortization Expense Associated with Finite-Lived Intangible Assets | The remaining amortization expense associated with finite-lived intangible assets is expected to be as follows (in thousands):
Year ending December 31, |  |  |
2022 |  | $ | 1,405 |
2023 |  |  | 1,405 |
2024 |  |  | 1,405 |
2025 |  |  | 1,354 |
2026 |  |  | 1,078 |
Thereafter |  |  | 890 |
Total |  | $ | 7,537 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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