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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill Changes in the carrying amount of goodwill, by operating segment, for the years ended December 31, 2024 and 2023 were as follows (in thousands):
| Offshore Manufactured Products |  |  |  | Downhole Technologies |  | Total
Balance as of December 31, 2022(1) | $ | 79,282 |  |  |  |  | — |  |  | 79,282 |
Foreign currency translation | 585 |  |  |  |  | — |  |  | 585 |
Balance as of December 31, 2023(1) | 79,867 |  |  |  |  | — |  |  | 79,867 |
Goodwill associated with transferred operations(2) | (10,000) |  |  |  |  | 10,000 |  |  | — |
Impairment of goodwill(2) | — |  |  |  |  | (10,000) |  |  | (10,000) |
Foreign currency translation | (158) |  |  |  |  | — |  |  | (158) |
Balance as of December 31, 2024(1) | $ | 69,709 |  |  |  |  | $ | — |  |  | $ | 69,709 |
____________________ (1)Net of accumulated impairment losses of $96.5 million as of December 31, 2024 and $86.5 million as of December 31, 2023 and 2022. (2)For further discussion, see Note 2 “Summary of Significant Accounting Policies.” Other Intangible Assets The following table presents the gross carrying amount and the related accumulated amortization for major intangible asset classes as of December 31, 2024 and 2023 (in thousands):
| 2024 |  | 2023
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Other intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 122,859 |  |  | $ | 55,534 |  |  | $ | 67,325 |  |  | $ | 141,342 |  |  | $ | 56,499 |  |  | $ | 84,843 |
Patents/Technology/Know-how | 70,206 |  |  | 39,699 |  |  | 30,507 |  |  | 70,113 |  |  | 34,541 |  |  | 35,572 |
Tradenames and other | 47,729 |  |  | 19,699 |  |  | 28,030 |  |  | 52,505 |  |  | 19,910 |  |  | 32,595 |
| $ | 240,794 |  |  | $ | 114,932 |  |  | $ | 125,862 |  |  | $ | 263,960 |  |  | $ | 110,950 |  |  | $ | 153,010 |
Amortization expense was $16.4 million, $17.2 million and $20.3 million in the years ended December 31, 2024, 2023 and 2022, respectively. The weighted average remaining amortization period for finite-lived intangible assets was 9.5 years as of December 31, 2024 and 10.0 years as of December 31, 2023. Amortization expense is expected to total approximately $15 million in 2025 through 2027, $14 million in 2028 and $13 million in 2029. As further discussed in Note 4, “Asset Impairments and Other Charges and Credits,” during 2024 the Company made a strategic decision to exit an underperforming service offering within the Completion and Production Services segment. As a result of this action, the segment recognized non-cash impairment charges of $9.1 million related to customer relationships and $1.7 million related to tradenames. In 2023, no impairment of other intangible assets was required.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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