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Asset Impairments and Other Charges and Credits (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Asset Impairment Charges | As a result of these events, actions and assessments, the Company recorded the following charges and credits in 2024 and 2023 (in thousands):
| Offshore Manufactured Products |  | Completion and Production Services |  | Downhole Technologies |  | Corporate |  | Total |  |  |  |
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |
Impairments of: |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |
Intangible assets | — |  |  | 10,787 |  |  | — |  |  | — |  |  | 10,787 |  |  |  |  |
Operating lease assets | — |  |  | 2,092 |  |  | 487 |  |  | — |  |  | 2,579 |  |  |  |  |
Facility consolidation and exit, and other charges | 354 |  |  | 2,982 |  |  | 123 |  |  | 34 |  |  | 3,493 |  |  |  |  |
Patent defense costs | — |  |  | 1,347 |  |  | — |  |  | — |  |  | 1,347 |  |  |  |  |
Gains on extinguishment of debt | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Pre-tax totals | $ | 354 |  |  | $ | 17,208 |  |  | $ | 610 |  |  | $ | 34 |  |  | 18,206 |  |  |  |  |
Income tax benefit |  |  |  |  |  |  |  |  | 1,161 |  |  |  |  |
After-tax total |  |  |  |  |  |  |  |  | $ | 17,045 |  |  |  |  |
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |
Impairments of: |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | — |  |  | $ | — |  |  | $ | 10,000 |  |  | $ | — |  |  | $ | 10,000 |  |  |  |  |
Intangible assets | — |  |  | 10,787 |  |  | — |  |  | — |  |  | 10,787 |  |  |  |  |
Operating lease assets | — |  |  | 2,092 |  |  | 487 |  |  | — |  |  | 2,579 |  |  |  |  |
Facility consolidation and exit, and other charges | 3,364 |  |  | 5,583 |  |  | 123 |  |  | 34 |  |  | 9,104 |  |  |  |  |
Patent defense costs | — |  |  | 2,671 |  |  | — |  |  | — |  |  | 2,671 |  |  |  |  |
Gains on extinguishment of debt | — |  |  | — |  |  | — |  |  | (515) |  |  | (515) |  |  |  |  |
Pre-tax totals | $ | 3,364 |  |  | $ | 21,133 |  |  | $ | 10,610 |  |  | $ | (481) |  |  | 34,626 |  |  |  |  |
Income tax benefit |  |  |  |  |  |  |  |  | 2,990 |  |  |  |  |
After-tax total |  |  |  |  |  |  |  |  | $ | 31,636 |  |  |  |  |
| Offshore Manufactured Products |  | Completion and Production Services |  | Downhole Technologies |  | Corporate |  | Pre-tax Total |  |  |  |
Three and Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |
Facility consolidation and exit, and other charges | $ | 1,649 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,649 |  |  |  |  |
Income tax benefit |  |  |  |  |  |  |  |  | 347 |  |  |  |  |
After-tax total |  |  |  |  |  |  |  |  | $ | 1,302 |  |  |  |  |
Schedule of Goodwill | Changes in the carrying amount of goodwill, by operating segment, for the nine months ended September 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 | 572 |  |  | — |  |  | 572 |
Balance as of September 30, 2024 | $ | 70,439 |  |  | $ | — |  |  | $ | 70,439 |

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