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Segments and Related Information
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segments and Related Information Segments and Related Information
The Company operates through three operating segments: Offshore/Manufactured Products, Well Site Services and Downhole Technologies. Financial information by operating segment for the three months ended March 31, 2023 and 2022 is summarized in the following tables (in thousands).
RevenuesDepreciation and amortizationOperating income (loss)Capital expendituresTotal assets
Three Months Ended March 31, 2023
Offshore/Manufactured Products$98,199 $4,668 $11,090 $535 $548,439 
Well Site Services67,058 6,146 6,966 5,772 212,415 
Downhole Technologies30,942 4,275 (1,519)249 256,095 
Corporate— 167 (10,662)12 33,188 
Total$196,199 $15,256 $5,875 $6,568 $1,050,137 
RevenuesDepreciation and amortizationOperating income (loss)Capital expendituresTotal assets
Three Months Ended March 31, 2022
Offshore/Manufactured Products$84,112 $5,330 $10,196 $902 $559,877 
Well Site Services48,172 7,932 (3,395)1,548 197,077 
Downhole Technologies31,760 4,384 (1,505)317 265,958 
Corporate— 171 (9,632)91 55,053 
Total$164,044 $17,817 $(4,336)$2,858 $1,077,965 
The following tables provide supplemental disaggregated revenue from contracts with customers by operating segment for the three months ended March 31, 2023 and 2022 (in thousands):
Offshore/Manufactured ProductsWell Site ServicesDownhole TechnologiesTotal
20232022202320222023202220232022
Three Months Ended March 31
Major revenue categories -
Project-driven products$39,132 $33,844 $— $— $— $— $39,132 $33,844 
Short-cycle:
Completion products and services17,955 13,580 65,406 45,166 30,942 31,760 114,303 90,506 
Drilling services— — 1,652 3,006 — — 1,652 3,006 
Other products9,485 7,044 — — — — 9,485 7,044 
Total short-cycle27,440 20,624 67,058 48,172 30,942 31,760 125,440 100,556 
Other products and services31,627 29,644 — — — — 31,627 29,644 
$98,199 $84,112 $67,058 $48,172 $30,942 $31,760 $196,199 $164,044 
Revenues from products and services transferred to customers over time accounted for approximately 66% and 62% of consolidated revenues for the three months ended March 31, 2023 and 2022, respectively. The balance of revenues for the respective periods relates to products and services transferred to customers at a point in time. As of March 31, 2023, the Company had $209.9 million of remaining backlog related to contracts with an original expected duration of greater than one year. Approximately 35% of this remaining backlog is expected to be recognized as revenue over the remaining nine months of 2023, with an additional 46% recognized in 2024 and the balance thereafter.