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v3.25.1

Revenue (Tables) | 3 Months Ended
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Mar. 31, 2025
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 March 31, 2025 |  |  | Three Months Ended March 31, 2024 |
(in thousands) |  | NAM |  |  | INTL & Offshore |  |  | Total |  |  | NAM |  |  | INTL & Offshore |  |  | Total |
Product revenues |  | $ | 75,255 |  |  | $ | 92,095 |  |  | $ | 167,350 |  |  | $ | 66,665 |  |  | $ | 40,286 |  |  | $ | 106,951 |
Service revenues |  |  | 16,749 |  |  |  | 18,312 |  |  |  | 35,061 |  |  |  | 12,126 |  |  |  | 1,844 |  |  |  | 13,970 |
Rental revenues |  |  | 28,513 |  |  |  | 9,491 |  |  |  | 38,004 |  |  |  | 2,107 |  |  |  | 4,969 |  |  |  | 7,076 |
Total revenues |  | $ | 120,517 |  |  | $ | 119,898 |  |  | $ | 240,415 |  |  | $ | 80,898 |  |  | $ | 47,099 |  |  | $ | 127,997 |
Schedule of Changes in Allowance for Credit Losses | The changes in allowance for credit losses during the three months ended March 31, 2025 and 2024 were as follows:
|  | March 31, |
(in thousands) |  | 2025 |  |  | 2024 |
Balance at January 1 |  | $ | 63,875 |  |  | $ | 5,015 |
Provision for credit losses |  |  | 74 |  |  |  | 31 |
Write-offs charged against allowance |  |  | (6,317 | ) |  |  | (497 | )
Balance at March 31 |  | $ | 57,632 |  |  | $ | 4,549 |
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, 2024 |  | $ | 5,062 |
Additions |  |  | 521 |
Transfers to Trade receivables, net |  |  | (71 | )
Contract assets at March 31, 2025 |  | $ | 5,512 |
Contract liabilities (amounts shown in thousands)
Contract liabilities at December 31, 2024 |  | $ | 13,463 |
Additions |  |  | 1,103 |
Revenue recognized |  |  | (3,438 | )
Contract liabilities at March 31, 2025 |  | $ | 11,128 |

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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 + Details
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- Definition 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 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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