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INVENTORIES
6 Months Ended
Jun. 30, 2025
INVENTORIES  
INVENTORIES

10.    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 the first-in, first-out method or the weighted average cost method.

June 30, 

December 31, 

(in thousands)

2025

2024

Raw materials and supplies

$

102,250

$

97,857

Finished goods

15,451

 

9,771

Total Inventory

$

117,701

$

107,628