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Mergers and Acquisitions - Schedule of Preliminary Allocation to Estimated Fair Value of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Feb. 07, 2025 | Nov. 29, 2024 | Sep. 06, 2024 | Mar. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023 | May 01, 2023
--- | --- | --- | --- | --- | --- | --- | ---
Business Acquisition [Line Items] |  |  |  |  |  |  |
Goodwill |  |  |  | $ 75,568 | $ 60,176 | $ 23,932 |
Preliminary Purchase Price Allocation |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Cash and restricted cash |  |  | $ 154,312 |  |  |  |
Trade receivables |  |  | 125,155 |  |  |  |
Contract assets |  |  | 8,675 |  |  |  |
Inventory |  |  | 148,958 |  |  |  |
Assets held for sale |  |  | 1,535 |  |  |  |
Prepaid expenses and other current assets |  |  | 20,023 |  |  |  |
Property and equipment, net |  |  | 133,690 |  |  |  |
Right of use assets - operating |  |  | 21,358 |  |  |  |
Deferred tax asset, net |  |  | 124,634 |  |  |  |
Other Long-term assets |  |  | 5,461 |  |  |  |
Total assets |  |  | 743,801 |  |  |  |
Accounts payable |  |  | 48,887 |  |  |  |
Accrued expenses |  |  | 28,906 |  |  |  |
Contract liabilities |  |  | 14,332 |  |  |  |
Operating lease liabilities - current |  |  | 2,080 |  |  |  |
Current portion of long-term debt and finance lease obligations |  |  | 595 |  |  |  |
Other current liabilities |  |  | 213 |  |  |  |
Long-term debt and finance lease obligations |  |  | 1,645 |  |  |  |
Operating lease liabilities - noncurrent |  |  | 15,397 |  |  |  |
Other long-term liabilities |  |  | 1,814 |  |  |  |
Total liabilities |  |  | 113,869 |  |  |  |
Net assets acquired |  |  | 629,932 |  |  |  |
Gain on bargain purchase |  |  | (92,659) |  |  |  |
Total purchase consideration |  |  | 537,273 |  |  |  |
SCF Machining Corporation |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Cash and restricted cash | $ 308 |  |  |  |  |  |
Inventory | 758 |  |  |  |  |  |
Prepaid expenses and other current assets | 722 |  |  |  |  |  |
Property and equipment, net | 1,305 |  |  |  |  |  |
Right of use assets - operating | 892 |  |  |  |  |  |
Other Long-term assets | 269 |  |  |  |  |  |
Total assets | 4,254 |  |  |  |  |  |
Accounts payable | 671 |  |  |  |  |  |
Accrued expenses | 372 |  |  |  |  |  |
Operating lease liabilities - current | 374 |  |  |  |  |  |
Operating lease liabilities - noncurrent | 518 |  |  |  |  |  |
Total liabilities | 1,935 |  |  |  |  |  |
Net assets acquired | 2,319 |  |  |  |  |  |
Goodwill | 15,402 |  |  |  |  |  |
Total purchase consideration | $ 17,721 |  |  |  |  |  |
Dril-Quip, Inc |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Cash and restricted cash |  |  | 154,312 |  |  |  |
Trade receivables |  |  | 125,155 |  |  |  |
Contract assets |  |  | 8,675 |  |  |  |
Inventory |  |  | 148,958 |  |  |  |
Assets held for sale |  |  | 1,535 |  |  |  |
Prepaid expenses and other current assets |  |  | 20,023 |  |  |  |
Property and equipment, net |  |  | 133,690 |  |  |  |
Right of use assets - operating |  |  | 21,358 |  |  |  |
Deferred tax asset, net |  |  | 117,787 |  |  |  |
Other Long-term assets |  |  | 5,461 |  |  |  |
Total assets |  |  | 736,954 |  |  |  |
Accounts payable |  |  | 48,887 |  |  |  |
Accrued expenses |  |  | 28,906 |  |  |  |
Contract liabilities |  |  | 14,332 |  |  |  |
Operating lease liabilities - current |  |  | 2,080 |  |  |  |
Current portion of long-term debt and finance lease obligations |  |  | 595 |  |  |  |
Other current liabilities |  |  | 213 |  |  |  |
Long-term debt and finance lease obligations |  |  | 1,645 |  |  |  |
Operating lease liabilities - noncurrent |  |  | 15,397 |  |  |  |
Other long-term liabilities |  |  | 1,814 |  |  |  |
Total liabilities |  |  | 113,869 |  |  |  |
Net assets acquired |  |  | 623,085 |  |  |  |
Gain on bargain purchase |  |  | (85,812) |  |  |  |
Total purchase consideration |  |  | 537,273 |  |  |  |
Dril-Quip, Inc | Measurement Period Adjustments |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Deferred tax asset, net |  |  | (6,847) |  |  |  |
Total assets |  |  | (6,847) |  |  |  |
Net assets acquired |  |  | (6,847) |  |  |  |
Gain on bargain purchase |  |  | $ 6,847 |  |  |  |
Downhole Well Solutions, LLC |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Cash and restricted cash |  | $ 9,530 |  |  |  |  |
Trade receivables |  | 9,864 |  |  |  |  |
Property and equipment, net |  | 16,426 |  |  |  |  |
Right of use assets - operating |  | 2,392 |  |  |  |  |
Intangibles, net |  | 75,100 |  |  |  |  | $ 13,000
Total assets |  | 113,312 |  |  |  |  |
Accounts payable |  | 3,682 |  |  |  |  |
Accrued expenses |  | 1,656 |  |  |  |  |
Operating lease liabilities - current |  | 423 |  |  |  |  |
Current portion of long-term debt and finance lease obligations |  | 237 |  |  |  |  |
Long-term debt and finance lease obligations |  | 588 |  |  |  |  |
Operating lease liabilities - noncurrent |  | 1,969 |  |  |  |  |
Deferred income taxes |  | 3,168 |  |  |  |  |
Total liabilities |  | 11,723 |  |  |  |  |
Net assets acquired |  | 101,589 |  |  |  |  |
Goodwill |  | 36,244 |  |  |  |  | $ 2,000
Total purchase consideration |  | $ 137,833 |  |  |  |  |

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