Asset Impairments and Other Charges and Benefits (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

During 2021, the Company continued its restructuring efforts which began in 2020 due to the COVID-19 pandemic, closing facilities in the United States and assessing 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	—		—		—		9,320		9,320		—		9,320

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(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.