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Inventories
12 Months Ended
Dec. 31, 2024
Inventories  
Inventories

Note 7: Inventories

Inventories consist of (i) raw materials and supplies that are consumed providing services to the Company’s customers, (ii) spare parts for equipment used in providing these services and (iii) components and attachments for manufactured equipment used in

providing services. In the table below, spare parts and components are included as part of raw materials and supplies; tools that are assembled using components are reported as finished goods. Inventories are recorded at the lower of cost or net realizable value. Cost is determined using either the first-in, first-out, or the weighted average cost method.

December 31, 

    

2024

    

2023

(in thousands)

  

  

Raw materials and supplies

$

97,857

$

101,194

Finished goods

 

9,771

 

9,710

Total inventory

$

107,628

$

110,904