XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.2
Asset Impairments and Other Restructuring Items (Tables)
6 Months Ended
Jun. 30, 2022
Restructuring and Related Activities [Abstract]  
Schedule of Asset Impairment Charges
In this regard, during the first six 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 ProductsWell Site ServicesDownhole TechnologiesCorporatePre-tax TotalTaxAfter-tax Total
First quarter 2021
Impairments of fixed assets (Note 4)
$— $650 $— $— $650 $137 $513 
Severance and restructuring costs282 1,306 275 1,555 3,418 717 2,701 
Second quarter 2021
Impairments of operating lease assets (Note 4)
$— $2,794 $— $— $2,794 $587 $2,207 
Severance and restructuring costs— 2,351 203 — 2,554 536 2,018