XML 42 R26.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Asset Impairments and Other Restructuring Items (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Restructuring and Related Activities [Abstract] |
Schedule of Asset Impairment Charges | During 2019, the Company recorded the following charges (in thousands):
| Offshore/ Manufactured Products |  | Downhole Technologies |  | Well Site Services |  | Corporate |  | Pre-tax Total |  | Tax |  | After-tax Total
Impairments of: |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill (Note 5) | $ | — |  |  | $ | 165,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 165,000 |  |  | $ | — |  |  | $ | 165,000 |
Fixed assets (Note 4) | — |  |  | — |  |  | 33,697 |  |  | — |  |  | 33,697 |  |  | 7,076 |  |  | 26,621 |
Severance and restructuring costs | 1,655 |  |  | — |  |  | 1,847 |  |  | — |  |  | 3,502 |  |  | 735 |  |  | 2,767 |
As a result of these events, actions and assessments, the Company recorded the following charges during 2020 (in thousands):
| Offshore/ Manufactured Products |  | Downhole Technologies |  | Well Site Services |  | Corporate |  | Pre-tax Total |  | Tax |  | After-tax Total
Impairments of: |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill (Note 5) | $ | 86,500 |  |  | $ | 192,502 |  |  | $ | 127,054 |  |  | $ | — |  |  | $ | 406,056 |  |  | $ | 19,600 |  |  | $ | 386,456 |
Fixed assets (Note 4) | — |  |  | 1,623 |  |  | 8,845 |  |  | — |  |  | 10,468 |  |  | 2,198 |  |  | 8,270 |
Operating lease assets (Note 7) | — |  |  | 1,979 |  |  | — |  |  | — |  |  | 1,979 |  |  | 416 |  |  | 1,563 |
Inventories (Note 4) | 16,249 |  |  | 5,921 |  |  | 8,981 |  |  | — |  |  | 31,151 |  |  | 5,979 |  |  | 25,172 |
Severance and restructuring costs | 1,355 |  |  | 2,018 |  |  | 4,311 |  |  | 1,385 |  |  | 9,069 |  |  | 1,904 |  |  | 7,165 |
During 2021, the Company continued its restructuring efforts, closed additional facilities in the United States, liquidated an international operation 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
Impairments of: |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed assets (Note 4) | $ | — |  |  | $ | — |  |  | $ | 1,372 |  |  | $ | — |  |  | $ | 1,372 |  |  | $ | 289 |  |  | $ | 1,083 |
Operating lease assets (Note 7) | — |  |  | — |  |  | 2,794 |  |  | — |  |  | 2,794 |  |  | 587 |  |  | 2,207 |
Inventories (Note 4) | — |  |  | 2,113 |  |  | 1,468 |  |  | — |  |  | 3,581 |  |  | 752 |  |  | 2,829 |
Severance and restructuring costs(1) | 868 |  |  | 809 |  |  | 4,266 |  |  | 1,555 |  |  | 7,498 |  |  | 1,573 |  |  | 5,925 |
Release of foreign currency translation adjustments on liquidation of an international operation (Note 8) | — |  |  | — |  |  | — |  |  | 9,320 |  |  | 9,320 |  |  | — |  |  | 9,320 |
____________________ (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.

X
- Definition Schedule Of Asset Impairment Charges [Table Text Block] + References No definition available. + Details
Name: | ois_ScheduleOfAssetImpairmentChargesTableTextBlock
Namespace Prefix: | ois_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration