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Special Purpose Acquisition Companies (Tables) | 9 Months Ended
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Sep. 30, 2023
NETC |
Special Purpose Acquisition Companies |
Schedule of Special Purpose Acquisition Companies effects on changes in non-controlling interest subject to possible redemption | The following table summarizes NETC’s effects on changes in non-controlling interest subject to possible redemption.
​ | ​ | ​ | ​
​ |  | 2023
​ | ​ | (In thousands)
Balance, beginning of year | ​ | $ | 284,841
Redemptions | ​ | ​ | (186,933)
Net earnings | ​ |  | 4,715
Nabors deemed dividends to SPAC public shareholders | ​ |  | 2,597
Noncontrolling interest deemed dividends to SPAC public shareholders | ​ |  | 1,641
Balance as of September 30 | ​ | $ | 106,861
NETC II |
Special Purpose Acquisition Companies |
Schedule of Special Purpose Acquisition Companies effects on changes in non-controlling interest subject to possible redemption | The following table summarizes NETC II’s effects on changes in non-controlling interest subject to possible redemption.
​ | ​ | ​ | ​
​ |  | 2023
​ | ​ | (In thousands)
Balance, beginning of year | ​ | $ | —
Initial public offering | ​ | ​ | 294,474
Net earnings | ​ |  | 3,214
Nabors deemed dividends to SPAC public shareholders | ​ |  | 5,583
Noncontrolling interest deemed dividends to SPAC public shareholders | ​ |  | 7,993
Balance as of September 30 | ​ | $ | 311,264
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