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Revenue (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Summary of Revenues Disaggregation

The following tables present our revenues disaggregated by category and by geography:

		Three Months Ended September 30, 2024												Three Months Ended September 30, 2023
(in thousands)		NAM				INTL & Offshore				Total				NAM				INTL & Offshore				Total
Product revenues		$	79,668			$	46,975			$	126,643			$	76,050			$	39,751			$	115,801
Service revenues			13,411				2,363				15,774				13,891				1,109				15,000
Rental revenues			5,228				4,172				9,400				2,389				5,896				8,285
Total revenues		$	98,307			$	53,510			$	151,817			$	92,330			$	46,756			$	139,086

		Nine Months Ended September 30, 2024												Nine Months Ended September 30, 2023
(in thousands)		NAM				INTL & Offshore				Total				NAM				INTL & Offshore				Total
Product revenues		$	211,405			$	131,917			$	343,322			$	228,901			$	124,263			$	353,164
Service revenues			37,698				5,976				43,674				43,177				3,426				46,603
Rental revenues			9,182				13,938				23,120				8,689				13,893				22,582
Total revenues		$	258,285			$	151,831			$	410,116			$	280,767			$	141,582			$	422,349

Schedule of Changes in Allowance for Credit Losses

The changes in allowance for credit losses during the nine months ended September 30, 2024 and 2023 were as follows:

		September 30,
(in thousands)		2024				2023
Balance at January 1		$	5,015			$	3,136
Allowance pertaining to the receivables acquired as part of the Merger			72,685				-
Provision for credit losses			1,323				3,797
Write-offs charged against allowance			(2,434	)			(1,576	)
Balance at September 30		$	76,589			$	5,357

Schedule of Contract Asset and Liability

Balances related to contracts with customers consisted of the following:

Contract Assets (amounts shown in thousands)

Contract assets at December 31, 2023		$	-
Additions			8,896
Transfers to Trade receivables, net			(749	)
Contract assets at September 30, 2024		$	8,147

Contract liabilities (amounts shown in thousands)

Contract liabilities at December 31, 2023		$	-
Additions			14,979
Revenue recognized			(889	)
Contract liabilities at September 30, 2024		$	14,090

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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