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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets, the majority of which were acquired in the acquisition of TIW Corporation in 2016 and OilPatch Technologies in 2017, consist of the following:

 

 

 

 

 

June 30, 2023

 

 

 

Estimated
Useful Lives

 

Gross
Book Value

 

 

Accumulated
Amortization

 

 

Foreign
Currency
Translation

 

 

Net Book
Value

 

 

 

 

 

(In thousands)

 

Trademarks

 

15 years

 

$

8,140

 

 

$

(2,379

)

 

$

28

 

 

$

5,789

 

Patents

 

15 - 30 years

 

 

6,039

 

 

 

(3,890

)

 

 

(1

)

 

 

2,148

 

Customer relationships

 

5 - 15 years

 

 

25,626

 

 

 

(11,599

)

 

 

82

 

 

 

14,109

 

Organizational costs

 

3 years

 

 

163

 

 

 

(150

)

 

 

2

 

 

 

15

 

 

 

 

$

39,968

 

 

$

(18,018

)

 

$

111

 

 

$

22,061

 

 

 

 

 

 

December 31, 2022

 

 

 

Estimated
Useful Lives

 

Gross
Book Value

 

 

Accumulated
Amortization

 

 

Foreign
Currency
Translation

 

 

Net Book
Value

 

 

 

 

 

(In thousands)

 

Trademarks

 

15 years

 

$

8,233

 

 

$

(2,118

)

 

$

(79

)

 

$

6,036

 

Patents

 

15 - 30 years

 

 

6,055

 

 

 

(3,699

)

 

 

-

 

 

 

2,356

 

Customer relationships

 

5 - 15 years

 

 

26,028

 

 

 

(10,878

)

 

 

(234

)

 

 

14,916

 

Organizational costs

 

3 years

 

 

183

 

 

 

(131

)

 

 

(12

)

 

 

40

 

 

 

 

$

40,499

 

 

$

(16,826

)

 

$

(325

)

 

$

23,348