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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill from December 31, 2024 to March 31, 2025, were as follows (in thousands):
|  | Artificial Lift and Downhole
Goodwill, December 31, 2024 |  | $ | 61,653 |
Impact on non-U.S. local currency translation |  | 50 |
Goodwill, March 31, 2025 |  | $ | 61,703 |
Goodwill is not amortized and is tested for impairment at least annually or when events and circumstances indicate that fair value may be below its carrying value. Intangible Assets Intangible assets consisted of the following as of March 31, 2025 and December 31, 2024, respectively (in thousands):
| March 31, 2025
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles |  | Amortization Period (In Years)
Customer relationships | $ | 214,050 |  |  | $ | (127,055) |  |  | $ | 86,995 |  |  | 2 - 15
Patents and technology | 29,503 |  |  | (18,509) |  |  | 10,994 |  |  | 10 - 19
Trade names and other | 29,086 |  |  | (22,920) |  |  | 6,166 |  |  | 8 - 19
Total intangible assets | $ | 272,639 |  |  | $ | (168,484) |  |  | $ | 104,155 |  |  |
| December 31, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Intangibles |  | Amortization Period (In Years)
Customer relationships | $ | 212,990 |  |  | $ | (121,405) |  |  | $ | 91,585 |  |  | 2 - 15
Patents and technology | 29,166 |  |  | (17,867) |  |  | 11,299 |  |  | 10 - 19
Trade names and other | 28,913 |  |  | (22,567) |  |  | 6,346 |  |  | 8 - 19
Total intangible assets | $ | 271,069 |  |  | $ | (161,839) |  |  | $ | 109,230 |  |  |
Intangible assets with definite lives are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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