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Goodwill | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill The changes in the carrying amount of goodwill by segment is shown below (in thousands):
| Services |  | International |  | Products and Systems |  | Total
Balance at December 31, 2020 | $ | 190,112 |  |  | $ | 15,896 |  |  | $ | — |  |  | $ | 206,008 |
Adjustments to preliminary purchase price allocations | 280 |  |  | — |  |  | — |  |  | 280 |
Foreign currency translation | 264 |  |  | (1,113) |  |  | — |  |  | (849) |
Balance at December 31, 2021 | $ | 190,656 |  |  | $ | 14,783 |  |  | $ | — |  |  | $ | 205,439 |
Foreign currency translation | (4,946) |  |  | (858) |  |  | — |  |  | (5,804) |
Balance at December 31, 2022 | $ | 185,710 |  |  | $ | 13,925 |  |  | $ | — |  |  | $ | 199,635 |
The Company reviews goodwill for impairment on a reporting unit basis on October 1 of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. During the first quarter of 2020, the Company’s market capitalization declined significantly compared to the fourth quarter of 2019. Over the same period, the equity value of the Company’s peer group, and the overall U.S. stock market also declined significantly amid market volatility. In addition, oil prices had dropped significantly. These declines were driven in large part by the uncertainty surrounding the COVID-19 pandemic and other macroeconomic events such as the geopolitical tensions between OPEC and Russia. Based on these factors, the Company concluded that multiple triggering events occurred and, accordingly, an interim quantitative goodwill impairment test was performed for each reporting unit as of March 31, 2020 ("testing date"). During the first quarter of 2020, the Company also performed an analysis to determine any impairment of long-lived assets (see Note 9-Intangible Assets) based on the triggering events noted above. Based upon the results of the interim quantitative goodwill impairment test during the first quarter of 2020, the Company recorded an aggregate impairment charge of $77.1 million, which consisted of $57.2 million in the services reporting unit within the Services segment, and $19.3 million in the European reporting unit and $0.6 million in the Brazilian reporting unit, both within the International segment. The impairment was calculated based on the difference between the estimated fair value and the carrying value of the reporting units and are included in Impairment charges on the Consolidated Statements of Income (Loss) for the year ended December 31, 2020. The Company performed a quantitative annual impairment test as of October 1, 2022 and 2021 and the Company did not identify any changes in circumstances that would indicate the carrying value of goodwill may not be recoverable. Additionally, through December 31, 2022, the Company did not identify any changes in circumstances that would indicate the carrying value of goodwill may not be recoverable. Significant adverse changes in future periods could negatively affect the Company's key assumptions and may result in future goodwill impairment charges which could be material. The Company's cumulative goodwill impairment as of December 31, 2022 was $100.2 million, of which $57.2 million related to the Services segment, $29.8 million related to the International segment and $13.2 million related to the Products and Systems segment.

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