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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Trade Receivable | Trade receivables as of December 31, 2024 and 2023 are as follows:
|  | December 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Trade accounts receivable |  | $ | 275,106 |  |  | $ | 107,218 |
Unbilled revenue |  |  | 28,275 |  |  |  | 16,157 |
Allowance for credit losses |  |  | (63,875 | ) |  |  | (5,015 | )
Trade receivables, net |  | $ | 239,506 |  |  | $ | 118,360 |
Schedule of Changes in Allowance for Credit Losses | The changes in allowance for credit losses during the years ended December 31, 2024, 2023 and 2022 were as follows:
|  | December 31, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Balance at January 1 |  | $ | 5,015 |  |  | $ | 3,136 |  |  | $ | 4,962 |
Allowance pertaining to the receivables acquired as part of the Merger |  |  | 72,685 |  |  |  | — |  |  |  | — |
Provision for (recovery of) credit losses |  |  | (5,049 | ) |  |  | 3,611 |  |  |  | 1,131 |
Write-offs charged against allowance |  |  | (8,776 | ) |  |  | (1,732 | ) |  |  | (2,957 | )
Balance at December 31 |  | $ | 63,875 |  |  | $ | 5,015 |  |  | $ | 3,136 |
Summary of Estimated General Useful Lives of Assets | The table below summarizes the estimated useful lives of assets by category:
|  | Years
Buildings, building improvements and leasehold improvements |  | Lease term - 30
Manufacturing machinery and equipment |  | 3 - 7
Rental tools |  | 3
Office equipment and computer software |  | 3 - 7
Vehicles |  | 3 - 5
Right of use leases – finance |  | Lease term
Schedule of Estimated Useful Lives of Intangible Assets | The table below summarizes the estimated useful lives of intangible assets by category:
|  | Years
Customer relationships |  | 3 - 12
Non-compete agreements |  | 7
Trade name |  | 3 - 10
Technology, patents and other |  | 5 - 14

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: 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 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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- Definition Tabular disclosure of impaired intangible assets excluding goodwill. This may include a description of the facts and circumstances leading to the recording of impairment charges of intangible assets in the period, the amount of the impairment charges, the methods of determining fair value of the associated assets, the caption in the income statement in which the impairment losses are aggregated, and the segment in which the impaired intangible assets are reported. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 + Details
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