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Business Combinations and Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed | The following table summarizes the preliminary amounts recognized for the assets acquired and liabilities assumed as of the November 24, 2025 acquisition date.
(In thousands) |
Receivables | $ | 3,962 |
Property, plant and equipment | 15,409 |
Intangible assets | 12,770 |
Other assets | 1,408 |
Total assets acquired | 33,549 |
Current debt | 1,591 |
Other current liabilities | 4,669 |
Long-term debt, less current portion | 1,309 |
Deferred tax liabilities | 7,200 |
Other noncurrent liabilities | 968 |
Total liabilities assumed | 15,737 |
Net assets purchased | 17,812 |
Goodwill | 28,179 |
Total purchase consideration | 45,991 |
Net cash conveyed at closing | 42,352 |
Estimated due to seller | 3,639 |
Total estimated purchase consideration | $ | 45,991 |
Schedule Of Significant Items Included In Income From Discontinued Operations | Net assets related to the Sale Transaction consisted of the following:
(In thousands) | December 31, 2025 |  | December 31, 2024
Receivables due from the Purchaser | $ | — |  |  | $ | 15,978 |
Estimated deferred consideration due from the Purchaser | 1,287 |  |  | 3,550 |
Note receivable due from the Purchaser | 5,000 |  |  | 5,000 |
Estimated liabilities due to the Purchaser | (2,637) |  |  | (6,488) |
Net assets due from the Purchaser | $ | 3,650 |  |  | $ | 18,040 |
The following table summarizes the significant items included in income (loss) from discontinued operations in the consolidated statements of operations.
| Year Ended December 31,
(In thousands) | 2025 |  | 2024 |  | 2023
Revenues | $ | — |  |  | $ | 335,302 |  |  | $ | 541,952 |
Cost of revenues | — |  |  | 290,482 |  |  | 475,967 |
Selling, general and administrative expenses | 1,319 |  |  | 38,399 |  |  | 50,053 |
Other operating (income) loss, net | — |  |  | (1,447) |  |  | (1,114) |
Impairments and other charges | — |  |  | — |  |  | 6,356 |
Operating income (loss) from discontinued operations | (1,319) |  |  | 7,868 |  |  | 10,690 |
Foreign currency exchange (gain) loss | 121 |  |  | 825 |  |  | 1,156 |
Interest (income) expense, net | (28) |  |  | 2,683 |  |  | 4,074 |
Income (loss) from discontinued operations before income taxes | (1,412) |  |  | 4,360 |  |  | 5,460 |
Gain (loss) on sale of discontinued operations before income taxes | 2,176 |  |  | (195,729) |  |  | — |
Provision (benefit) for income taxes from discontinued operations | (2,230) |  |  | (5,508) |  |  | 5,093 |
Income (loss) from discontinued operations | $ | 2,994 |  |  | $ | (185,861) |  |  | $ | 367 |
Operating results from discontinued operations shown above include the following items:
| Year Ended December 31,
(In thousands) | 2025 |  | 2024 |  | 2023
Fluids Systems sale process transaction expenses | $ | — |  |  | $ | 8,348 |  |  | $ | 619 |
Impairments and other charges | — |  |  | — |  |  | 6,356 |
Gain on insurance recovery | — |  |  | (807) |  |  | — |
Facility exit costs and other, net | — |  |  | 741 |  |  | 4,594 |
Severance costs | — |  |  | 655 |  |  | 1,172 |
Total Fluids Systems | $ | — |  |  | $ | 8,937 |  |  | $ | 12,741 |
Significant operating and investing items related to the former Fluids Systems segment were as follows:
| Year Ended December 31,
(In thousands) | 2025 |  | 2024 |  | 2023
Operating activities of discontinued operations: |  |  |  |  |
Impairments and other non-cash charges | $ | — |  |  | $ | — |  |  | $ | 6,356 |
Depreciation and amortization | — |  |  | 4,874 |  |  | 7,776 |
Investing activities of discontinued operations: |  |  |  |  |
Capital expenditures | — |  |  | 2,448 |  |  | 2,278 |

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