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Note 22 - Related Party Transactions
 12 Months Ended
Dec. 31, 2025
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, 2025, 2024 and 2023, we provided goods and services to related parties totaling $2.8 million, $7.6 million and $13.0 million, respectively. During the years ended December 31, 2025, 2024 and 2023, we received services from related parties totaling $0.1 million, $0.1 million and $1.1 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 less than $0.1 million, $0.3 million and $0.5 million for the years ended December 31, 2025, 2024 and 2023, respectively.

 

Further, during the years ended December 31, 2025, 2024 and 2023, we received dividends from CETS totaling $10.9 million, $8.2 million and $8.3 million, respectively.

 

As of December 31, 2025 and 2024, amounts receivable from related parties were $0.9 million and $0.8 million, respectively, and amounts payable to related parties were nil and less than $0.1 million as of December 31, 2025 and 2024, respectively.