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Subsequent Event | 3 Months Ended
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Mar. 31, 2017
Subsequent Events [Abstract] |
Subsequent Event | Subsequent Event On May 2, 2017, the Company entered into an Asset Purchase Agreement with National Oilwell Varco, L.P. (“NOV”) to sell substantially all of the assets and transfer certain specified liabilities and obligations of the Company’s Drilling Technologies segment to NOV. NOV will pay $17.0 million in cash consideration, subject to normal working capital adjustments, with $1.5 million held back by NOV for up to 18 months. Closing is expected to occur mid-May, 2017.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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