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Revenue
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue RevenueThe Company derives the majority of its revenue by providing services on a time and material basis, and are short-term in nature. The Company accounts for revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers.
Performance Obligations
The Company provides highly integrated and bundled inspection services to its customers. The majority of the Company’s contracts have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts and is, therefore, not distinct. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation using the Company’s best estimate of the standalone selling price of each distinct good or service in the contract. The primary method used to estimate standalone selling price is a relative selling price based on price lists.

Contract modifications are not routine in the performance of the Company’s contracts. Generally, when contracts are modified, the modification is to account for changes in scope to the goods and services that are provided. In most instances, contract modifications are for goods or services that are distinct, and, therefore, are accounted for as a separate contract.

The Company’s performance obligations are satisfied over time as work progresses or at a point in time. The majority of the Company’s revenue is recognized over time as work progresses for the Company’s service deliverables, which includes providing testing, inspection and mechanical services to our customers. Revenue is recognized over time, based on time and material incurred to date which best portrays the transfer of control to the customer. The Company also utilizes an available practical expedient that provides for revenue to be recognized in an amount that corresponds directly with the value to the customer of the entity’s performance completed to date. Fixed fee arrangements are determined based on expected labor, material, and overhead to be consumed on fulfillment of such services. For these arrangements, revenue is recognized on a cost-to-cost method tracked on an input basis.

The majority of our revenue recognized at a point in time is related to product sales when the customer obtains control of the asset, which is generally upon shipment to the customer. Contract costs include labor, material and overhead.

The Company expects any significant remaining performance obligations to be satisfied within one year.

Contract Estimates

The majority of the Company's revenues are short-term in nature. The Company enters into master service agreements (MSAs) with customers that specify an overall framework and contract terms. The actual contracting to provide services or furnish products are triggered by a work order, purchase order, or some similar document issued pursuant to a MSA which sets forth the scope of services and/or identifies the products to be provided. From time-to-time, the Company may enter into longer-term contracts, which can range from several months to several years. Revenue on certain contracts is recognized as work is performed based on total costs incurred to date in relation to the total estimated costs for the performance of the contract at completion. This includes contract estimates of costs to be incurred for the performance of the contract. Cost estimation is based upon the professional knowledge and experience of the Company's project managers, engineers and financial professionals. Factors that are considered in estimating the work to be completed include the availability of materials, the effect of any delays in the Company's project performance and the recoverability of any claims. Whenever revisions of estimates, contract costs and/or contract values indicate that the contract costs will exceed estimated revenues, thus creating a loss, a provision for the total estimated loss is recorded in that period.
Revenue by Category

The following series of tables present the Company’s disaggregated revenue:

Revenue by industry was as follows:
Three Months Ended June 30, 2023North AmericaInternationalProductsCorp/ElimTotal
Oil & Gas$97,500 $8,609 $15 $— $106,124 
Aerospace & Defense13,665 5,136 217 — 19,018 
Industrials 11,066 6,203 468 — 17,737 
Power generation & Transmission5,459 1,530 1,167 — 8,156 
Other Process Industries8,864 4,466 51 — 13,381 
Infrastructure, Research & Engineering4,171 2,028 547 — 6,746 
Petrochemical1,577 156 — — 1,733 
Other3,248 2,149 864 (3,126)3,135 
Total$145,550 $30,277 $3,329 $(3,126)$176,030 

Three Months Ended June 30, 2022North AmericaInternationalProductsCorp/ElimTotal
Oil & Gas$93,098 $8,028 $139 $— $101,265 
Aerospace & Defense17,300 5,118 26 — 22,444 
Industrials 9,794 6,506 333 — 16,633 
Power generation & Transmission8,378 1,997 678 — 11,053 
Other Process Industries11,641 3,754 14 — 15,409 
Infrastructure, Research & Engineering3,183 2,193 442 — 5,818 
Petrochemical3,584 55 — — 3,639 
Other2,550 1,959 1,020 (2,759)2,770 
Total$149,528 $29,610 $2,652 $(2,759)$179,031 

Six Months Ended June 30, 2023North AmericaInternationalProductsCorp/ElimTotal
Oil & Gas$187,273 $17,464 $52 $— $204,789 
Aerospace & Defense27,276 10,116 228 — 37,620 
Industrials20,368 12,256 1,026 — 33,650 
Power generation & Transmission10,446 3,187 2,493 — 16,126 
Other Process Industries17,973 7,703 78 — 25,754 
Infrastructure, Research & Engineering6,654 4,164 1,689 — 12,507 
Petrochemical6,714 301 — — 7,015 
Other5,778 4,493 1,502 (5,188)6,585 
Total$282,482 $59,684 $7,068 $(5,188)$344,046 
Six Months Ended June 30, 2022North AmericaInternationalProductsCorp/ElimTotal
Oil & Gas$179,711 $15,600 $177 $— $195,488 
Aerospace & Defense32,322 10,058 134 — 42,514 
Industrials18,801 12,034 835 — 31,670 
Power generation & Transmission12,200 4,559 1,523 — 18,282 
Other Process Industries21,934 7,272 15 — 29,221 
Infrastructure, Research & Engineering5,689 4,232 1,339 — 11,260 
Petrochemical6,629 133 — — 6,762 
Other5,188 3,860 1,565 (5,117)5,496 
Total$282,474 $57,748 $5,588 $(5,117)$340,693 
Revenue per key geographic location was as follows:
Three Months Ended June 30, 2023North AmericaInternationalProductsCorp/ElimTotal
United States$122,972 $280 $1,645 $(271)$124,626 
Other Americas21,041 3,821 298 (1,474)23,686 
Europe1,282 24,474 504 (1,166)25,094 
Asia-Pacific255 1,702 882 (215)2,624 
Total$145,550 $30,277 $3,329 $(3,126)$176,030 

Three Months Ended June 30, 2022North AmericaInternationalProductsCorp/ElimTotal
United States$126,286 $334 $1,492 $(567)$127,545 
Other Americas22,553 1,376 168 (1,105)22,992 
Europe415 27,353 514 (955)27,327 
Asia-Pacific274 547 478 (132)1,167 
Total$149,528 $29,610 $2,652 $(2,759)$179,031 

Six Months Ended June 30, 2023North AmericaInternationalProductsCorp/ElimTotal
United States$243,572 $589 $3,446 $(869)$246,738 
Other Americas35,311 7,310 624 (1,906)41,339 
Europe2,694 48,657 765 (1,992)50,124 
Asia-Pacific905 3,128 2,233 (421)5,845 
Total$282,482 $59,684 $7,068 $(5,188)$344,046 
Six Months Ended June 30, 2022North AmericaInternationalProductsCorp/ElimTotal
United States$240,221 $507 $2,843 $(1,222)$242,349 
Other Americas40,605 2,717 184 (1,714)41,792 
Europe1,159 53,273 1,094 (1,879)53,647 
Asia-Pacific489 1,251 1,467 (302)2,905 
Total$282,474 $57,748 $5,588 $(5,117)$340,693 
Contract Balances
The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities) on the Consolidated Balance Sheets. Amounts are generally billed as work progresses in accordance with agreed-upon contractual terms, generally at periodic intervals (e.g., weekly, bi-weekly or monthly). Generally, billing occurs subsequent to revenue recognition, resulting in contract assets. However, the Company sometimes receives advances or deposits from its customers before revenue is recognized, resulting in contract liabilities. These assets and liabilities are aggregated on an individual contract basis and reported on the Consolidated Balance Sheets at the end of each reporting period within accounts receivable, net or accrued expenses and other current liabilities.

Revenue recognized during the six months ended June 30, 2023 and 2022 that was included in the contract liability balance at the beginning of such year was $4.6 million and $1.4 million, for each period. Changes in the contract asset and liability balances during these periods were not materially impacted by any other factors. The Company applies a practical expedient to expense incremental costs incurred related to obtaining a contract. The Company applies the practical expedient to expense incremental costs incurred relating to obtaining a contract when the amortization period of the asset that the Company otherwise would have recognized is one year or less.