XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Stockholders' Equity and Employee Benefit Plans | 12 Months Ended
--- | ---
Dec. 31, 2021
Stockholders' Equity and Employee Benefit Plans Disclosure [Abstract] |
Stockholders' Equity and Employee Benefit Plans | Stockholders' Equity and Employee Benefit Plans Employee benefit plans We sponsor a 401(k) savings plan for U.S. employees and related savings plans for certain non-U.S. employees. These plans benefit eligible employees by allowing them the opportunity to make contributions up to certain limits. We contribute by matching a percentage of each employee’s contributions. In 2020, for certain plans, the Company temporarily suspended the matching of contributions. Matching contributions were reinstated at the beginning of 2022. Subsequent to the closing of all acquisitions, employees of those acquired entities will generally be eligible to participate in the Company’s 401(k) savings plan. We also have the discretion to provide a profit sharing contribution to each participant depending on the Company’s performance for the applicable year. The expense under the Company’s plan was zero and $2.3 million for the years ended December 31, 2021 and 2020, respectively. Reverse stock split In order to bring the Company into compliance with the listing requirements of the New York Stock Exchange, our Board of Directors approved a 1-for-20 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock, par value $0.01 per share, accompanied by a corresponding decrease in the Company’s authorized shares of common stock. The Company’s stockholders previously approved the Reverse Stock Split at the annual meeting of stockholders on May 12, 2020. The effective time of the Reverse Stock Split was after market close on November 9, 2020, with the common stock trading on a post-split basis under the Company’s existing trading symbol, “FET,” at the market open on November 10, 2020. No fractional shares of common stock were issued as a result of the Reverse Stock Split. Instead, any stockholder who would have been entitled to a fractional share received a cash payment in lieu of such fractional shares. Following the completion of the Reverse Stock Split, the number of authorized shares of common stock was reduced from 296,000,000 to 14,800,000. Unless otherwise indicated, the number of shares of common stock outstanding and per-share amounts in these consolidated financial statements and accompanying notes have been retroactively adjusted to reflect the effect of the Reverse Stock Split. The par value of our common stock remains at $0.01 per share.

X
- Definition Stockholders' Equity and Employee Benefit Plans Disclosure [Abstract] + References No definition available. + Details
Name: | fet_StockholdersEquityAndEmployeeBenefitPlansDisclosureAbstract
Namespace Prefix: | fet_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Stockholders' Equity and Employee Benefit Plans Disclosure [Text Block] + References No definition available. + Details
Name: | fet_StockholdersEquityAndEmployeeBenefitPlansDisclosureTextBlock
Namespace Prefix: | fet_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration