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Special Purpose Acquisition Company (Tables) | 9 Months Ended
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Sep. 30, 2025
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.
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2025 |  | 2024
​ | ​ | (In thousands)
Balance, beginning of year | ​ | $ | 331,781 | ​ | $ | 315,488
Redemptions | ​ | ​ | (186,655) | ​ | ​ | —
Net earnings | ​ |  | 8,283 | ​ | ​ | 12,521
Nabors deemed dividends to SPAC public shareholders | ​ |  | 750 | ​ | ​ | —
Balance as of September 30 | ​ | $ | 154,159 | ​ | $ | 328,009
​

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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479887/480-10-S45-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479857/480-10-S50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3A -Subparagraph (24) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480244/480-10-S99-3A + Details
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