XML 38 R27.htm IDEA: XBRL DOCUMENT v3.25.1
Note 20 - Related Party Disclosures
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

20.

Related party disclosures

 

Our related parties consist primarily of CETS and PVD-Expro, the two companies in which we exert significant influence. During the three months ended March 31, 2025, we provided goods and services to related parties totaling $0.3 million, and $4.3 million for the three months ended March 31, 2024. During the three months ended March 31, 2025 we received material goods and services from related parties totaling less than $0.1 million and $0.1 million for the three months ended March 31, 2024.

 

Additionally, we entered into various operating lease agreements to lease facilities with affiliated companies. Rent expense associated with our related party leases was immaterial for the three months ended March 31, 2025, and $0.1 million for the three months ended March 31, 2024, respectively.

 

As of  March 31, 2025 and December 31, 2024 amounts receivable from related parties were $0.3 million and $0.8 million, respectively, and amounts payable to related parties were less than $0.1 million in both periods.