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Segments and Related Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by operating segment for the three months ended March 31, 2024 and 2023 is summarized in the following tables (in thousands).

			Revenues						Depreciation and amortization						Operating income (loss)						Capital expenditures						Total assets
Three Months Ended March 31, 2024
Offshore Manufactured Products(1)			$	86,857					$	3,693					$	10,603					$	7,221					$	516,039
Well Site Services(2)			47,292						6,079						(419)						2,414						179,763
Downhole Technologies(3)			33,113						4,270						(12,079)						446						278,055
Corporate			—						153						(9,282)						11						41,958
Total(1)			$	167,262					$	14,195					$	(11,177)					$	10,092					$	1,015,815

____________________

(1)Operating income included $1.5 million of facility consolidation charges.

(2)Operating loss included $1.0 million in facility consolidation and other charges.

(3)Operating loss included a $10.0 million non-cash goodwill impairment charge (see Note 2, “Goodwill Impairment and Other Charges”).

			Revenues						Depreciation and amortization						Operating income (loss)						Capital expenditures						Total assets
Three Months Ended March 31, 2023
Offshore Manufactured Products			$	80,505					$	4,075					$	7,698					$	359					$	502,263
Well Site Services			67,058						6,146						6,966						5,772						212,415
Downhole Technologies			48,636						4,868						1,873						425						302,271
Corporate			—						167						(10,662)						12						33,188
Total			$	196,199					$	15,256					$	5,875					$	6,568					$	1,050,137

Schedule of Supplemental Revenue Information by Segments

The following tables provide supplemental disaggregated revenue from contracts with customers by operating segment for the three months ended March 31, 2024 and 2023 (in thousands):

			Offshore Manufactured Products												Well Site Services												Downhole Technologies												Total
			2024						2023						2024						2023						2024						2023						2024						2023
Three Months Ended March 31
Project-driven:
Products			$	53,137					$	48,617					$	—					$	—					$	—					$	—					$	53,137					$	48,617
Services			25,233						24,630						—						—						—						—						25,233						24,630
Total project-driven			78,370						73,247						—						—						—						—						78,370						73,247
Military and other products			8,487						7,258						—						—						—						—						8,487						7,258
Short-cycle products and services			—						—						47,292						67,058						33,113						48,636						80,405						115,694
			$	86,857					$	80,505					$	47,292					$	67,058					$	33,113					$	48,636					$	167,262					$	196,199

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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