XML 21 R14.htm IDEA: XBRL DOCUMENT
v3.25.1

Property and Equipment | 3 Months Ended
--- | ---
Mar. 31, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment | NOTE 6. PROPERTY AND EQUIPMENT A summary of property and equipment as of March 31, 2025 and December 31, 2024 is as follows:
(in thousands) |  | March 31, 2025 |  |  | December 31, 2024 |
Land |  | $ | 25,709 |  |  | $ | 25,075 |
Buildings, building improvements and leasehold improvements |  |  | 72,509 |  |  |  | 75,689 |
Manufacturing machinery and equipment |  |  | 68,227 |  |  |  | 64,088 |
Rental tools |  |  | 59,030 |  |  |  | 54,456 |
Office equipment and computer software |  |  | 4,978 |  |  |  | 4,516 |
Vehicles |  |  | 18,714 |  |  |  | 19,638 |
Right of use leases – finance |  |  | 21,310 |  |  |  | 20,689 |
Total Property and equipment |  |  | 270,477 |  |  |  | 264,151 |
Less: Accumulated depreciation and amortization |  |  | (82,051 | ) |  |  | (73,365 | )
Net Property and equipment |  | $ | 188,426 |  |  | $ | 190,786 |
The amortization expense for the right of use finance lease assets was $1.7 million and $1.5 million for the three months ended March 31, 2025 and 2024, respectively. Depreciation expense related to property and equipment was $9.6 million and $1.3 million for the three months ended March 31, 2025 and 2024, respectively.

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 The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration