XML 34 R22.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Goodwill Impairment and Other Charges (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Asset Impairment Charges As a result of these actions, the Company recorded the following charges during the first quarter of 2024 (in thousands):
Offshore Manufactured Products
Well Site Services
Downhole Technologies
Pre-tax Total
Tax
After-tax Total
Impairment of goodwill
$— $— $10,000 $10,000 $481 $9,519 
Facility consolidation and other charges
1,463 1,046 — 2,509 527 1,982 
Schedule of Goodwill
Changes in the carrying amount of goodwill, by operating segment, for the three months ended March 31, 2024 were as follows (in thousands):
Offshore Manufactured
Products
Downhole Technologies
Total
Balance as of December 31, 2023$79,867 $— $79,867 
Goodwill associated with transferred operations
(10,000)10,000 — 
Impairment of goodwill
— (10,000)(10,000)
Foreign currency translation(93)— (93)
Balance as of March 31, 2024
$69,774 $— $69,774