XML 31 R15.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Goodwill and Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2023
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, 2023 and 2022 were as follows (in thousands):
Balance as of December 31, 2021(1) | $ | 76,412 |  |  |  |  |  |  |
Goodwill acquired | 4,146 |  |  |  |  |  |  |
Foreign currency translation | (1,276) |  |  |  |  |  |  |
Balance as of December 31, 2022(1) | 79,282 |  |  |  |  |  |  |
Foreign currency translation | 585 |  |  |  |  |  |  |
Balance as of December 31, 2023(1) | $ | 79,867 |  |  |  |  |  |  |
____________________ (1)Net of accumulated impairment losses of $86.5 million. 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, 2023 and 2022 (in thousands):
| 2023 |  | 2022
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Other intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 141,342 |  |  | $ | 56,499 |  |  | $ | 84,843 |  |  | $ | 141,179 |  |  | $ | 47,629 |  |  | $ | 93,550 |
Patents/Technology/Know-how | 70,113 |  |  | 34,541 |  |  | 35,572 |  |  | 69,830 |  |  | 29,214 |  |  | 40,616 |
Tradenames and other | 52,505 |  |  | 19,910 |  |  | 32,595 |  |  | 52,488 |  |  | 16,856 |  |  | 35,632 |
| $ | 263,960 |  |  | $ | 110,950 |  |  | $ | 153,010 |  |  | $ | 263,497 |  |  | $ | 93,699 |  |  | $ | 169,798 |
Amortization expense was $17.2 million, $20.3 million and $20.6 million in the years ended December 31, 2023, 2022 and 2021, respectively. The weighted average remaining amortization period for all intangible assets, other than goodwill, was 10.0 years as of December 31, 2023 and 10.6 years as of December 31, 2022. Amortization expense is expected to total approximately $17 million in 2024 through 2026, $16 million in 2027 and $15 million in 2028. As of December 31, 2023 and 2022, no impairment of other intangible assets was required.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration