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Asset Impairments and Other Restructuring Items (Tables) | 9 Months Ended
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Sep. 30, 2021
Restructuring and Related Activities [Abstract] |
Schedule of Asset Impairment Charges | As a result of these events, actions and assessments, the Company recorded the following charges during the first quarter of 2020 (in thousands):
| Offshore/ Manufactured Products |  | Downhole Technologies |  | Well Site Services |  | Corporate |  | Pre-tax Total |  | Tax |  | After-tax Total
First quarter 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Impairments of: |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 86,500 |  |  | $ | 192,502 |  |  | $ | 127,054 |  |  | $ | — |  |  | $ | 406,056 |  |  | $ | 19,600 |  |  | $ | 386,456 |
Fixed assets | — |  |  | — |  |  | 5,198 |  |  | — |  |  | 5,198 |  |  | 1,092 |  |  | 4,106 |
Inventories (Note 4) | 16,249 |  |  | — |  |  | 8,981 |  |  | — |  |  | 25,230 |  |  | 4,736 |  |  | 20,494 |
Severance and restructuring costs | 112 |  |  | — |  |  | 548 |  |  | — |  |  | 660 |  |  | 139 |  |  | 521 |
During the second and third quarters of 2020, the Company further reduced its workforce and closed additional facilities in the United States and continued to assess the carrying value of its assets based on the industry outlook regarding demand for and pricing of its products and services, and recorded the following charges (in thousands):
| Offshore/ Manufactured Products |  | Downhole Technologies |  | Well Site Services |  | Corporate |  | Pre-tax Total |  | Tax |  | After-tax Total
Second quarter 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Impairments of fixed assets | $ | — |  |  | $ | — |  |  | $ | 2,992 |  |  | $ | — |  |  | $ | 2,992 |  |  | $ | 628 |  |  | $ | 2,364 |
Severance and restructuring costs | 322 |  |  | 1,315 |  |  | 3,544 |  |  | 216 |  |  | 5,397 |  |  | 1,133 |  |  | 4,264 |
Third quarter 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Impairments of inventories (Note 4) | $ | — |  |  | $ | 5,921 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,921 |  |  | $ | 1,243 |  |  | $ | 4,678 |
Severance and restructuring costs | 288 |  |  | — |  |  | — |  |  | — |  |  | 288 |  |  | 60 |  |  | 228 |
During the first nine months of 2021, the Company continued its restructuring efforts, closed additional facilities in the United States and continued to assess the carrying value of its assets based on management actions and the industry outlook regarding demand for and pricing of its products and services, and recorded the following charges (in thousands):
| Offshore/ Manufactured Products |  | Downhole Technologies |  | Well Site Services |  | Corporate |  | Pre-tax Total |  | Tax |  | After-tax Total
First quarter 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Impairments of fixed assets | $ | — |  |  | $ | — |  |  | $ | 650 |  |  | $ | — |  |  | $ | 650 |  |  | $ | 137 |  |  | $ | 513 |
Severance and restructuring costs | 282 |  |  | 275 |  |  | 1,306 |  |  | 1,555 |  |  | 3,418 |  |  | 717 |  |  | 2,701 |
Second quarter 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Impairments of operating lease assets | $ | — |  |  | $ | — |  |  | $ | 2,794 |  |  | $ | — |  |  | $ | 2,794 |  |  | $ | 587 |  |  | $ | 2,207 |
Severance and restructuring costs(1) | — |  |  | 203 |  |  | 2,351 |  |  | — |  |  | 2,554 |  |  | 536 |  |  | 2,018 |
Third quarter 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment of inventories (Note 4) | $ | — |  |  | $ | 2,113 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,113 |  |  | $ | 444 |  |  | $ | 1,669 |
Severance and restructuring costs | 256 |  |  | 129 |  |  | 352 |  |  | — |  |  | 737 |  |  | 154 |  |  | 583 |
____________________ (1)Includes recognition of $1.9 million in additional lease-related liabilities associated with the exit of a long-term lease supporting the Well Site Services segment.

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