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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 7. Goodwill and Intangible Assets Goodwill — Goodwill by operating segment as of September 30, 2023 and changes for the nine months then ended are as follows (in thousands):
| Completion |  |  | Drilling |  |  |  |
| Services |  |  | Products |  |  | Total |
Balance at beginning of period | $ | — |  |  | $ | — |  |  | $ | — |
Goodwill acquired |  | 921,656 |  |  |  | 451,341 |  |  |  | 1,372,997 |
Balance at end of period | $ | 921,656 |  |  | $ | 451,341 |  |  | $ | 1,372,997 |
Goodwill is evaluated at least annually or when circumstances require, to determine if the fair value of recorded goodwill has decreased below its carrying value. For impairment testing purposes, goodwill is evaluated at the reporting unit level. Our reporting units for impairment testing are our operating segments. We determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value after considering qualitative, market and other factors, and if this is the case, any necessary goodwill impairment is determined using a quantitative impairment test. From time to time, we may perform quantitative testing for goodwill impairment in lieu of performing the qualitative assessment. If the resulting fair value of goodwill is less than the carrying value of goodwill, an impairment loss would be recognized for the amount of the shortfall. Intangible Assets — The following table presents the gross carrying amount and accumulated amortization of our intangible assets as of September 30, 2023 and December 31, 2022 (in thousands):
| September 30, 2023 |  |  | December 31, 2022 |
| Gross |  |  |  |  |  | Net |  |  | Gross |  |  |  |  |  | Net |
| Carrying |  |  | Accumulated |  |  | Carrying |  |  | Carrying |  |  | Accumulated |  |  | Carrying |
| Amount |  |  | Amortization |  |  | Amount |  |  | Amount |  |  | Amortization |  |  | Amount |
Customer relationships | $ | 785,866 |  |  | $ | (7,915 | ) |  | $ | 777,951 |  |  | $ | 1,800 |  |  | $ | (1,071 | ) |  | $ | 729 |
Developed technology |  | 202,772 |  |  |  | (6,404 | ) |  |  | 196,368 |  |  |  | 7,772 |  |  |  | (3,773 | ) |  |  | 3,999 |
Trade name |  | 101,000 |  |  |  | (1,083 | ) |  |  | 99,917 |  |  |  | — |  |  |  | — |  |  |  | — |
Other |  | 1,352 |  |  |  | (630 | ) |  |  | 722 |  |  |  | 1,450 |  |  |  | (333 | ) |  |  | 1,117 |
Intangible assets, net | $ | 1,090,990 |  |  | $ | (16,032 | ) |  | $ | 1,074,958 |  |  | $ | 11,022 |  |  | $ | (5,177 | ) |  | $ | 5,845 |
Amortization expense on intangible assets of approximately $10.1 million and $0.3 million was recorded in the three months ended September 30, 2023 and 2022, respectively. Amortization expense on intangible assets of approximately $10.9 million and $1.0 million was recorded in the nine months ended September 30, 2023 and 2022, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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