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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill Changes in the carrying amount of goodwill recorded within the Offshore/Manufactured Products segment for the years ended December 31, 2022 and 2021 were as follows (in thousands):
| Offshore / Manufactured Products |  | Well Site Services |  | Downhole Technologies |  | Total
Balance as of December 31, 2020 |  |  |  |  |  |  |
Goodwill | $ | 162,989 |  |  | $ | 244,349 |  |  | $ | 357,502 |  |  | $ | 764,840 |
Accumulated impairment losses | (86,500) |  |  | (244,349) |  |  | (357,502) |  |  | (688,351) |
| 76,489 |  |  | — |  |  | — |  |  | 76,489 |
Foreign currency translation | (77) |  |  | — |  |  | — |  |  | (77) |
Balance as of December 31, 2021 | $ | 76,412 |  |  | $ | — |  |  | $ | — |  |  | $ | 76,412 |
Balance as of December 31, 2021 |  |  |  |  |  |  |
Goodwill | $ | 162,912 |  |  | $ | 244,349 |  |  | $ | 357,502 |  |  | $ | 764,763 |
Accumulated impairment losses | (86,500) |  |  | (244,349) |  |  | (357,502) |  |  | (688,351) |
| 76,412 |  |  | — |  |  | — |  |  | 76,412 |
Goodwill acquired | 4,146 |  |  | — |  |  | — |  |  | 4,146 |
Foreign currency translation | (1,276) |  |  | — |  |  | — |  |  | (1,276) |
Balance as of December 31, 2022 | $ | 79,282 |  |  | $ | — |  |  | $ | — |  |  | $ | 79,282 |
Balance as of December 31, 2022 |  |  |  |  |  |  |
Goodwill | $ | 165,782 |  |  | $ | 244,349 |  |  | $ | 357,502 |  |  | $ | 767,633 |
Accumulated impairment losses | (86,500) |  |  | (244,349) |  |  | (357,502) |  |  | (688,351) |
| $ | 79,282 |  |  | $ | — |  |  | $ | — |  |  | $ | 79,282 |
As further discussed in Note 2, "Summary of Significant Accounting Policies," goodwill is assessed for impairment annually and when an event occurs or circumstances change that indicate the carrying amounts may not be recoverable. March 2020 Impairments Given the significance of the March 2020 events described in Note 4, "Asset Impairments and Other Charges and Benefits," the Company performed a quantitative assessment of goodwill for impairment as of March 31, 2020. This interim assessment indicated that the fair value of each of the reporting units was less than their respective carrying amounts due to, among other factors, the significant decline in the Company's stock price (and that of its peers) and reduced growth rate expectations given weak energy market conditions resulting from the demand destruction caused by the global response to the COVID-19 pandemic. Based on this quantitative assessment as of March 31, 2020, the Company concluded that goodwill recorded in the Completion Services and Downhole Technologies businesses was fully impaired while goodwill recorded in the Offshore/Manufactured Products business was partially impaired. The Company therefore recognized non-cash goodwill impairment charges totaling $406.1 million in the first quarter of 2020. December 2020, 2021 and 2022 Assessments As of December 1, 2020, 2021 and 2022, the Company had only one reporting unit – Offshore/Manufactured Products – with goodwill balances. The Company performed its annual quantitative assessments of goodwill for impairment, which indicated that the fair value of the Offshore/Manufactured Products reporting unit was greater than its carrying amount at each date and no additional impairments were required in any period. The fair value of the Offshore/Manufactured Products reporting unit was determined using significant unobservable inputs (a Level 3 fair value measurement). The valuation techniques used in these annual assessments were consistent with those used during the March 31, 2020 assessment. The discount rate used to value the Offshore/Manufactured Products reporting unit as of December 1, 2020, 2021 and 2022 was 15.3%, 14.5% and 15.0%, respectively. Other Intangible Assets The following table presents the gross carrying amount and the related accumulated amortization for major intangible asset classes as of December 31, 2022 and 2021 (in thousands):
| 2022 |  | 2021
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Other intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 141,179 |  |  | $ | 47,629 |  |  | $ | 93,550 |  |  | $ | 168,284 |  |  | $ | 66,734 |  |  | $ | 101,550 |
Patents/Technology/Know-how | 69,830 |  |  | 29,214 |  |  | 40,616 |  |  | 78,821 |  |  | 33,151 |  |  | 45,670 |
Tradenames and other | 52,488 |  |  | 16,856 |  |  | 35,632 |  |  | 53,708 |  |  | 15,179 |  |  | 38,529 |
| $ | 263,497 |  |  | $ | 93,699 |  |  | $ | 169,798 |  |  | $ | 300,813 |  |  | $ | 115,064 |  |  | $ | 185,749 |
Amortization expense was $20.3 million, $20.6 million and $24.9 million in the years ended December 31, 2022, 2021 and 2020, respectively. The weighted average remaining amortization period for all intangible assets, other than goodwill, was 10.6 years as of December 31, 2022 and 11.3 years as of December 31, 2021. Amortization expense is expected to total approximately $17 million in 2023 through 2026 and $16 million in 2027. As of December 31, 2022 and 2021, no impairment of other intangible assets was required.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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