XML 63 R46.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease Expenses | Lease expense consisted of the following for the years ended December 31, 2024, 2023 and 2022 (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Operating lease cost | $ | 18,147 |  |  | $ | 10,073 |  |  | $ | 5,664 |
Finance lease cost: |  |  |  |  |
Amortization of right-of-use assets | 21,394 |  |  | 6,360 |  |  | — |
Interest on lease liabilities | 2,255 |  |  | 1,395 |  |  | — |
Total finance lease cost | 23,649 |  |  | 7,755 |  |  | — |
Short-term lease expense (1) | 360 |  |  | 2,278 |  |  | — |
Total lease expense (2) | $ | 42,156 |  |  | $ | 20,106 |  |  | $ | 5,664 |
(1)Short-term lease expense represents expense related to leases with a contract term of one year or less. (2)Operating lease expense is recorded in operating costs for the respective segments and within “selling, general and administrative”, amortization of right-of-use assets is recorded within “depreciation, depletion, amortization and impairment”, and interest on lease liabilities is recorded within “interest expense” in our consolidated statements of operations.
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the years ended December 31, 2024, 2023 and 2022 is as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 14,838 |  |  | $ | 8,935 |  |  | $ | 6,858 |
Operating cash flows from finance leases | 2,220 |  |  | 1,380 |  |  | — |
Financing cash flows from finance leases | 45,484 |  |  | 15,915 |  |  | — |
Right of use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases (1) | $ | 12,541 |  |  | $ | 34,802 |  |  | $ | 6,530 |
Finance leases (1) | 21,234 |  |  | 73,245 |  |  | — |
(1)Includes right of use assets acquired in business combinations in 2023.
Schedule of Lease Terms and Discount Rates | Lease terms and discount rates related to leases as of December 31, 2024 and 2023 is as follows:
| 2024 |  | 2023
Weighted Average Remaining Lease Term: |  |  |
Operating leases | 4.8 years |  | 5.0 years
Finance leases | 2.3 years |  | 1.5 years
Weighted Average Discount Rate: |  |  |
Operating leases | 6.5 | % |  | 6.1 | %
Finance leases | 7.4 | % |  | 7.3 | %
Schedule of Maturities of Operating Lease Liabilities | Maturities of operating and finance lease liabilities as of December 31, 2024 are as follows (in thousands):
Year ending December 31, | Operating |  | Finance
2025 | $ | 15,791 |  |  | $ | 16,664 |
2026 | 11,692 |  |  | 6,264 |
2027 | 8,238 |  |  | 1,490 |
2028 | 6,700 |  |  | 1,485 |
2029 | 5,904 |  |  | 1,485 |
Thereafter | 6,944 |  |  | 595 |
Total lease payments | 55,269 |  |  | 27,983 |
Less imputed interest | (7,642) |  |  | (2,553) |
Total | $ | 47,627 |  |  | $ | 25,430 |
Schedule of Maturities of Finance Lease Liabilities | Maturities of operating and finance lease liabilities as of December 31, 2024 are as follows (in thousands):
Year ending December 31, | Operating |  | Finance
2025 | $ | 15,791 |  |  | $ | 16,664 |
2026 | 11,692 |  |  | 6,264 |
2027 | 8,238 |  |  | 1,490 |
2028 | 6,700 |  |  | 1,485 |
2029 | 5,904 |  |  | 1,485 |
Thereafter | 6,944 |  |  | 595 |
Total lease payments | 55,269 |  |  | 27,983 |
Less imputed interest | (7,642) |  |  | (2,553) |
Total | $ | 47,627 |  |  | $ | 25,430 |

X
- Definition Schedule Of Lease Terms And Discount Rates + References No definition available. + Details
Name: | pten_ScheduleOfLeaseTermsAndDiscountRatesTableTextBlock
Namespace Prefix: | pten_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Supplemental Cash Flow Information Related To Leases + References No definition available. + Details
Name: | pten_ScheduleOfSupplementalCashFlowInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | pten_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration