XML 43 R27.htm IDEA: XBRL DOCUMENT
v3.22.4

Asset Impairments and Other Charges and Benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Restructuring and Related Activities [Abstract] |
Schedule of Asset Impairment Charges | Following these March 2020 events, the Company immediately implemented significant cost reduction initiatives. The Company also assessed the carrying value of goodwill, long-lived and other assets based on the industry outlook regarding overall demand for and pricing of its products and services, other market considerations and the financial condition of the Company's customers. 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 6) | $ | 86,500 |  |  | $ | 192,502 |  |  | $ | 127,054 |  |  | $ | — |  |  | $ | 406,056 |  |  | $ | 19,600 |  |  | $ | 386,456 |
Fixed assets (Note 5) | — |  |  | 1,623 |  |  | 8,845 |  |  | — |  |  | 10,468 |  |  | 2,198 |  |  | 8,270 |
Operating lease assets (Note 8) | — |  |  | 1,979 |  |  | — |  |  | — |  |  | 1,979 |  |  | 416 |  |  | 1,563 |
Inventories (Note 5) | 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 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 |  | Well Site Services |  | Downhole Technologies |  | Corporate |  | Pre-tax Total |  | Tax |  | After-tax Total
Impairments of: |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed assets (Note 5) | $ | — |  |  | $ | 1,372 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,372 |  |  | $ | 289 |  |  | $ | 1,083 |
Operating lease assets (Note 8) | — |  |  | 2,794 |  |  | — |  |  | — |  |  | 2,794 |  |  | 587 |  |  | 2,207 |
Inventories (Note 5) | — |  |  | 1,468 |  |  | 2,113 |  |  | — |  |  | 3,581 |  |  | 752 |  |  | 2,829 |
Severance and restructuring costs(1) | 868 |  |  | 4,266 |  |  | 809 |  |  | 1,555 |  |  | 7,498 |  |  | 1,573 |  |  | 5,925 |
Release of foreign currency translation adjustments on liquidation of an international operation (Note 9) | — |  |  | — |  |  | — |  |  | 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