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Goodwill and Intangible Assets (Tables)

12 Months Ended

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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- References

No definition available.

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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

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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
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Section 50
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-Subparagraph (a)
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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.

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-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

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