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Segments and Related Information (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Financial information by business segment for each of the three years ended December 31, 2023, 2022 and 2021, is summarized in the following table (in thousands):
RevenuesDepreciation and amortizationOperating income (loss)Capital expendituresTotal assets
2023
Offshore/Manufactured Products(1)
$441,263 $18,510 $65,299 $9,661 $561,174 
Well Site Services(2)
242,633 25,318 13,881 19,125 191,630 
Downhole Technologies(3)
98,387 16,314 (14,884)1,399 238,901 
Corporate— 636 (41,132)468 54,782 
Total$782,283 $60,778 $23,164 $30,653 $1,046,486 
2022
Offshore/Manufactured Products(4)
$381,723 $20,451 $45,268 $5,857 $556,769 
Well Site Services231,189 28,564 4,865 12,963 206,632 
Downhole Technologies124,794 17,628 (6,669)1,271 255,550 
Corporate— 691 (40,559)175 45,441 
Total$737,706 $67,334 $2,905 $20,266 $1,064,392 
2021
Offshore/Manufactured Products$298,729 $22,190 $15,447 $4,628 $541,346 
Well Site Services(5)
170,940 40,152 (34,511)10,977 200,874 
Downhole Technologies(6)
103,492 17,591 (13,470)901 267,468 
Corporate— 808 (32,258)1,011 76,060 
Total$573,161 $80,741 $(64,792)$17,517 $1,085,748 
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(1)Operating income included $2.5 million of facility consolidation charges.
(2)Operating income included $0.6 million in costs associated with the defense of certain patents.
(3)Operating loss included $3.2 million in provisions for excess and obsolete inventories.
(4)Operating income included a $6.1 million gain on settlement of outstanding litigation.
(5)Operating loss included inventory and fixed and operating lease asset impairment charges of $1.5 million and $4.2 million, respectively.
(6)Operating loss included an inventory impairment charge of $2.1 million.
See Note 4, “Asset Impairments and Other Charges and Benefits,” Note 5, “Details of Selected Balance Sheet Accounts,” and Note 8, “Operating Leases” for further discussion of these and other charges and benefits.
Schedule of Supplemental Revenue Information by Segments
The following tables provide supplemental disaggregated revenue from contracts with customers by operating segment for the years ended December 31, 2023, 2022 and 2021 (in thousands):
Offshore/Manufactured ProductsWell Site ServicesDownhole Technologies
202320222021202320222021202320222021
Project-driven:
Products$189,739 $158,040 $122,097 $— $— $— $— $— $— 
Services112,742 98,968 87,344 — — — — — — 
Total project-driven302,481 257,008 209,441 — — — — — — 
Military and other products32,596 32,563 24,114 — — — — — — 
Short-cycle:
Products106,186 92,152 65,174 — — — 90,029 102,808 87,908 
Services— — — 242,633 231,189 170,940 8,358 21,986 15,584 
Total short-cycle106,186 92,152 65,174 242,633 231,189 170,940 98,387 124,794 103,492 
$441,263 $381,723 $298,729 $242,633 $231,189 $170,940 $98,387 $124,794 $103,492 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
Financial information by geographic location for the years ended December 31, 2023, 2022 and 2021, is summarized below (in thousands). Revenues are attributable to countries based on the location of the entity selling the products or performing the services and include export sales. Long-lived assets are attributable to countries based on the physical location of the operations and its operating assets and do not include intercompany receivable balances.
United StatesUnited KingdomSingaporeOtherTotal
2023
Revenues from unaffiliated customers$594,808 $81,643 $48,131 $57,701 $782,283 
Long-lived assets407,457 79,607 6,485 41,687 535,236 
2022
Revenues from unaffiliated customers$571,008 $82,687 $34,380 $49,631 $737,706 
Long-lived assets443,818 76,377 14,218 41,531 575,944 
2021
Revenues from unaffiliated customers$447,002 $59,352 $35,886 $30,921 $573,161 
Long-lived assets487,749 79,723 15,202 43,459 626,133