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Impairment of Inventory and Rental Equipment (Tables) | 6 Months Ended
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Jun. 30, 2015
Asset Impairment Charges [Abstract] |
Schedule of asset impairment charges | as a result of decreased rig activity and its impact on management’s expectations for future market activity, the Company refocused the Drilling Technologies segment to businesses and markets that have the best opportunity for profitable growth in the future. In addition, the Company has shifted the focus of the Production Technologies segment to oil production markets and away from coal bed methane markets. As a result of these changes in focus and projected declines in asset utilization, the Company recorded a pre-tax impairment charge as follows (in thousands):
Drilling Technologies: |
Inventories | $ | 17,241 |
Rental equipment | 2,327 |
Production Technologies: |
Inventories | 804 |
Total impairment | $ | 20,372 |

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