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Goodwill Impairment and Other Charges and Credits (Tables)
6 Months Ended
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