XML 49 R34.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Property and Equipment (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Summary of Property and Equipment | A summary of property and equipment as of December 31, 2024 and 2023 is as follows:
(in thousands) |  | December 31, 2024 |  |  | December 31, 2023 |
Land |  | $ | 25,075 |  |  | $ | 1,832 |
Buildings, building improvements and leasehold improvements |  |  | 75,689 |  |  |  | 19,481 |
Manufacturing machinery and equipment |  |  | 64,088 |  |  |  | 35,669 |
Rental tools |  |  | 54,456 |  |  |  | 24,444 |
Office equipment and computer software |  |  | 4,516 |  |  |  | 1,653 |
Vehicles |  |  | 19,638 |  |  |  | 13,451 |
Right of use leases – finance |  |  | 20,689 |  |  |  | 16,588 |
Total Property and equipment |  |  | 264,151 |  |  |  | 113,118 |
Less: Accumulated depreciation and amortization |  |  | (73,365 | ) |  |  | (60,694 | )
Net Property and equipment |  | $ | 190,786 |  |  | $ | 52,424 |
Summary of Assets by Geographic Region | The following tables present the Company's assets by geographic region:
(in thousands) |  | December 31, 2024 |  |  | December 31, 2023 |
North America |  | $ | 472,279 |  |  | $ | 176,421 |
Latin America |  |  | 24,298 |  |  |  | 4,206 |
Middle East & Asia Pacific |  |  | 34,042 |  |  |  | 4,237 |
Europe & Africa |  |  | 25,473 |  |  |  | 2,164 |
Eliminations |  |  | — |  |  |  | — |
Total noncurrent assets |  | $ | 556,092 |  |  | $ | 187,028 |
(in thousands) |  | December 31, 2024 |  |  | December 31, 2023 |
North America |  | $ | 609,900 |  |  | $ | 430,651 |
Latin America |  |  | 66,895 |  |  |  | 23,871 |
Middle East & Asia Pacific |  |  | 21,780 |  |  |  | 20,362 |
Europe & Africa |  |  | 504,579 |  |  |  | 10,716 |
Eliminations |  |  | (5,671 | ) |  |  | (10,300 | )
Total assets |  | $ | 1,197,483 |  |  | $ | 475,300 |

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration