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Operating Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Operating Leases Operating Leases
Operating Lease Assets
The following table presents the carry value of operating lease assets in the Company's consolidated balance sheets as of December 31, 2022 and 2021 (in thousands):
20222021
Operating lease assets, net$23,028 $25,388 
Operating lease asset additions are offset by a corresponding increase to operating lease liabilities and do not impact the consolidated statement of cash flows at commencement. The non-cash effect of operating lease additions in 2022, 2021 and 2020 totaled $0.4 million, $0.1 million and $1.9 million, respectively.
The following table provides details regarding the components of operating lease expense based on the initial term of underlying agreements for the years ended December 31, 2022, 2021 and 2020 (in thousands):
202220212020
Operating lease expense components:
Leases with initial term of greater than 12 months$8,325 $9,412 $12,564 
Leases with initial term of 12 months or less4,718 4,232 4,024 
Total operating lease expense$13,043 $13,644 $16,588 
During 2020, the Downhole Technologies segment closed certain leased facilities in connection with restructuring activities and recognized a non-cash impairment charge of $2.0 million to reduce the carrying value of the related operating lease assets to their estimated realizable value.
During 2021, the Well Site Services segment recognized non-cash operating lease asset impairment charges of $2.8 million associated with the closure of certain leased facilities. During 2021, the segment also recorded an additional $1.9 million charge for other expenses associated with the exit of a leased facility.
Operating Lease Liabilities
The following table provides the scheduled maturities of operating lease liabilities as of December 31, 2022 (in thousands):
2023$7,417 
20245,548 
20254,712 
20264,549 
20272,938 
Thereafter5,641 
Total lease payments30,805 
Less: Imputed interest(4,005)
Present value of operating lease liabilities26,800 
Less: Current portion(6,142)
Total long-term operating lease liabilities$20,658 
Weighted-average remaining lease term (years)5.5
Weighted-average discount rate5.0 %