XML 35 R28.htm IDEA: XBRL DOCUMENT
v3.25.2

Revenue (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, 2025 |  |  | Three Months Ended June 30, 2024 |
(in thousands) |  | NAM |  |  | INTL & Offshore |  |  | Total |  |  | NAM |  |  | INTL & Offshore |  |  | Total |
Product revenues |  | $ | 77,368 |  |  | $ | 72,081 |  |  | $ | 149,449 |  |  | $ | 65,073 |  |  | $ | 44,655 |  |  | $ | 109,728 |
Service revenues |  |  | 15,901 |  |  |  | 14,881 |  |  |  | 30,782 |  |  |  | 12,161 |  |  |  | 1,769 |  |  |  | 13,930 |
Rental revenues |  |  | 26,698 |  |  |  | 17,305 |  |  |  | 44,003 |  |  |  | 1,848 |  |  |  | 4,796 |  |  |  | 6,644 |
Total revenues |  | $ | 119,967 |  |  | $ | 104,267 |  |  | $ | 224,234 |  |  | $ | 79,082 |  |  | $ | 51,220 |  |  | $ | 130,302 |
|  | Six Months Ended June 30, 2025 |  |  | Six Months Ended June 30, 2024 |
(in thousands) |  | NAM |  |  | INTL & Offshore |  |  | Total |  |  | NAM |  |  | INTL & Offshore |  |  | Total |
Product revenues |  | $ | 152,622 |  |  | $ | 164,177 |  |  | $ | 316,799 |  |  | $ | 131,738 |  |  | $ | 84,941 |  |  | $ | 216,679 |
Service revenues |  |  | 32,650 |  |  |  | 33,193 |  |  |  | 65,843 |  |  |  | 24,287 |  |  |  | 3,613 |  |  |  | 27,900 |
Rental revenues |  |  | 55,211 |  |  |  | 26,796 |  |  |  | 82,007 |  |  |  | 3,955 |  |  |  | 9,765 |  |  |  | 13,720 |
Total revenues |  | $ | 240,483 |  |  | $ | 224,166 |  |  | $ | 464,649 |  |  | $ | 159,980 |  |  | $ | 98,319 |  |  | $ | 258,299 |
Schedule of Changes in Allowance for Credit Losses | The changes in allowance for credit losses during the six months ended June 30, 2025 and 2024 were as follows:
|  | June 30, |
(in thousands) |  | 2025 |  |  | 2024 |
Balance at January 1 |  | $ | 63,875 |  |  | $ | 5,015 |
Provision for (recovery of) credit losses |  |  | (12,858 | ) |  |  | 433 |
Write-offs charged against allowance |  |  | (28,710 | ) |  |  | (1,357 | )
Balance at June 30 |  | $ | 22,307 |  |  | $ | 4,091 |
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 |  |  |  |  | 469 |
Transfers to Trade receivables, net |  |  |  |  | (2,407 | )
Contract assets at June 30, 2025 |  |  |  | $ | 3,124 |
Contract liabilities (amounts shown in thousands)
Contract liabilities at December 31, 2024 |  |  |  | $ | 13,463 |
Additions |  |  |  |  | 3,215 |
Revenue recognized |  |  |  |  | (9,767 | )
Contract liabilities at June 30, 2025 |  |  |  | $ | 6,911 |

X
- 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
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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