XML 95 R81.htm IDEA: XBRL DOCUMENT v3.25.0.1
Business Segments - Schedule of Income Statement by Segment (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Nov. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Revenue   $ 816,425 $ 738,864
Cost of sales   561,392 534,711
Selling, general and administrative expenses   219,325 180,389
Operating income (loss)   (86,767) 20,716
Noninterest Expense   (22) (70)
Other corporate expenses   30,952 27,253
Transaction expenses   7,728 2,892
Impairment of intangible assets   119,123 0
Gain on sale-leaseback transactions $ (4,900) (4,860) 0
Loss on disposal of assets and other   484 156
Interest expense   31,490 18,297
Foreign exchange losses and other, net   7,315 10,233
Loss on extinguishment of debt   2,854 0
Loss before income taxes   (128,426) (7,814)
Depreciation and amortization   53,717 34,728
Capital expenditures   8,145 7,944
Drilling and Completions      
Segment Reporting Information [Line Items]      
Revenue   470,745 502,552
Artificial Lift and Downhole      
Segment Reporting Information [Line Items]      
Revenue   345,680 236,312
Operating Segments      
Segment Reporting Information [Line Items]      
Revenue   816,447 738,934
Cost of sales   561,414 534,781
Selling, general and administrative expenses   188,373 153,136
Operating income (loss)   66,638 50,947
Operating Segments | Drilling and Completions      
Segment Reporting Information [Line Items]      
Revenue   470,767 502,622
Cost of sales   348,878 376,882
Selling, general and administrative expenses   104,123 106,306
Operating income (loss)   17,744 19,364
Depreciation and amortization   28,181 29,164
Capital expenditures   5,974 6,444
Operating Segments | Artificial Lift and Downhole      
Segment Reporting Information [Line Items]      
Revenue   345,680 236,312
Cost of sales   212,536 157,899
Selling, general and administrative expenses   84,250 46,830
Operating income (loss)   48,894 31,583
Depreciation and amortization   25,349 5,318
Capital expenditures   1,413 753
Eliminations      
Segment Reporting Information [Line Items]      
Revenue   (22) (70)
Eliminations | Drilling and Completions      
Segment Reporting Information [Line Items]      
Revenue   (22) (70)
Eliminations | Artificial Lift and Downhole      
Segment Reporting Information [Line Items]      
Revenue   0 0
Corporate      
Segment Reporting Information [Line Items]      
Depreciation and amortization   187 246
Capital expenditures   $ 758 $ 747