XML 47 R31.htm IDEA: XBRL DOCUMENT v3.25.0.1
Note 22 - Related Party Transactions
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
22.Related party transactions

 

Our related parties consist primarily of CETS and PVD-Expro, the two companies in which we exert significant influence. During the years ended December 31, 2024, 2023 and 2022, we provided goods and services to related parties totaling $7.6 million, $13.0 million and $5.4 million, respectively. During the years ended December 31, 2024, 2023 and 2022, we received services from related parties totaling $0.1 million, $1.1 million and $1.0 million respectively.

 

Additionally, we entered into various operating lease agreements to lease facilities with affiliated companies. Rent expense associated with our related party leases was $0.3 million, $0.5 million and $0.6 million for the years ended December 31, 2024, 2023 and 2022, respectively.

 

Further, during the years ended December 31, 2024, 2023 and 2022, we received dividends from CETS totaling $8.2 million, $8.3 million and $7.3 million, respectively.

 

As of December 31, 2024 and 2023, amounts receivable from related parties were $0.8 million and $2.7 million, respectively, and amounts payable to related parties were less than $0.1 million and $1.2 million as of December 31, 2024 and 2023, respectively.