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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of 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.”
Schedule of Finite-Lived 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 |

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