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Goodwill Impairment and Other Charges and Credits (Tables) | 6 Months Ended
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Jun. 30, 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 |  | Corporate |  | Pre-tax Total |  | Tax |  | After-tax Total
Impairment of goodwill | $ | — |  |  | $ | — |  |  | $ | 10,000 |  |  | $ | — |  |  | $ | 10,000 |  |  | $ | 481 |  |  | $ | 9,519 |
Facility consolidation and other charges | 1,463 |  |  | 685 |  |  | — |  |  | — |  |  | 2,148 |  |  | 451 |  |  | 1,697 |
Patent defense costs | — |  |  | 361 |  |  | — |  |  | — |  |  | 361 |  |  | 76 |  |  | 285 |
As a result of these events, actions and assessments, the Company recorded the following charges during the second quarter of 2024 (in thousands):
| Offshore Manufactured Products |  | Well Site Services |  | Downhole Technologies |  | Corporate |  | Pre-tax Total |  | Tax |  | After-tax Total
Facility consolidation and other charges | $ | 1,547 |  |  | $ | 1,916 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,463 |  |  | $ | 727 |  |  | $ | 2,736 |
Patent defense costs | — |  |  | 963 |  |  | — |  |  | — |  |  | 963 |  |  | 202 |  |  | 761 |
Gains on extinguishment of debt (see Note 4) | — |  |  | — |  |  | — |  |  | (515) |  |  | (515) |  |  | (108) |  |  | (407) |
Schedule of Goodwill | Changes in the carrying amount of goodwill, by operating segment, for the six months ended June 30, 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 | (78) |  |  | — |  |  | (78) |
Balance as of June 30, 2024 | $ | 69,789 |  |  | $ | — |  |  | $ | 69,789 |

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