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REVENUE | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE Disaggregation of revenue. Essentially all of our revenues are associated with contracts with customers. A disaggregation of our revenue from contracts with customers by geographic region, by reportable operating segment and by service type is presented below (in thousands): Geographic area:
|  | Three Months Ended March 31, 2023
|  | (unaudited)
|  | United States and Canada |  | Other Countries |  | Total
Revenue: |  |  |  |  |  |
IHT |  | $ | 98,531 |  |  | $ | 3,298 |  |  | $ | 101,829 |
MS |  | 72,031 |  |  | 28,417 |  |  | 100,448 |
Total |  | $ | 170,562 |  |  | $ | 31,715 |  |  | $ | 202,277 |
|  | Three Months Ended March 31, 2022
|  | (unaudited)
|  | United States and Canada |  | Other Countries |  | Total
Revenue: |  |  |  |  |  |
IHT |  | $ | 93,376 |  |  | $ | 2,219 |  |  | 95,595 |
MS |  | 63,931 |  |  | 29,510 |  |  | 93,441 |
Total |  | $ | 157,307 |  |  | $ | 31,729 |  |  | $ | 189,036 |
Operating segment and service type:
| Three Months Ended March 31, 2023
| (unaudited)
| Non-Destructive Evaluation and Testing Services |  | Repair and Maintenance Services |  | Heat Treating |  | Other |  | Total
Revenue: |  |  |  |  |  |  |  |  |
IHT | $ | 81,606 |  |  | $ | 3 |  |  | $ | 13,728 |  |  | $ | 6,492 |  |  | $ | 101,829 |
MS | — |  |  | 99,838 |  |  | 278 |  |  | 332 |  |  | 100,448 |
Total | $ | 81,606 |  |  | $ | 99,841 |  |  | $ | 14,006 |  |  | $ | 6,824 |  |  | $ | 202,277 |
| Three Months Ended March 31, 2022
| (unaudited)
| Non-Destructive Evaluation and Testing Services |  | Repair and Maintenance Services |  | Heat Treating |  |  |  | Other |  | Total
Revenue: |  |  |  |  |  |  |  |  |  |  |
IHT | $ | 76,449 |  |  | $ | 24 |  |  | $ | 13,839 |  |  |  |  | $ | 5,283 |  |  | $ | 95,595 |
MS | — |  |  | 91,770 |  |  | 57 |  |  |  |  | 1,614 |  |  | 93,441 |
Total | $ | 76,449 |  |  | $ | 91,794 |  |  | $ | 13,896 |  |  |  |  | $ | 6,897 |  |  | $ | 189,036 |
For additional information on our reportable operating segments and geographic information, refer to Note 15 - Segment and Geographic Disclosures. Contract balances. The timing of revenue recognition, billings, and cash collections results in trade accounts receivable, contract assets and contract liabilities on the condensed consolidated balance sheets. Trade accounts receivable include billed and unbilled amounts currently due from customers and represent unconditional rights to receive consideration. The amounts due are stated at their net estimated realizable value. Refer to Note 4 - Receivables for additional information on our trade receivables and the allowance for credit losses. Contract assets include unbilled amounts when the revenue recognized exceeds the amount billed to the customer. Amounts may not exceed their net realizable value. The following table provides information about trade accounts receivable, and contract assets as of March 31, 2023 and December 31, 2022 (in thousands):
| March 31, 2023 |  | December 31, 2022 |  | Change
| (unaudited) |  |  |  |
Trade accounts receivable, net 1 | $ | 178,211 |  |  | $ | 186,689 |  |  | $ | (8,478) |
Contract assets 2 | $ | 2 |  |  | $ | 2 |  |  | $ | — |
_________________ 1 Includes billed and unbilled amounts, net of allowance for credit losses. See Note 4 - Receivables for details. 2 Included in the “Prepaid expenses and other current assets” line on the condensed consolidated balance sheet. Contract costs. We recognize the incremental costs of obtaining contracts as selling, general and administrative expenses when incurred if the amortization period of the asset that otherwise would have been recognized is one year or less. Costs to fulfill a contract are recorded as assets if they relate directly to a contract or a specific anticipated contract, the costs to generate or enhance resources that will be used in satisfying performance obligations in the future and the costs are expected to be recovered. Costs to fulfill a contract recognized as assets primarily consist of labor and material costs and generally relate to engineering and set-up costs incurred prior to when the satisfaction of performance obligations begins. Assets recognized for costs to fulfill a contract are included in the “Prepaid expenses and other current assets” line of the condensed consolidated balance sheets and were not material as of March 31, 2023 and December 31, 2022. Such assets are recognized as expenses as we transfer the related goods or services to the customer. All other costs to fulfill a contract are expensed as incurred. Remaining performance obligations. As permitted by ASC 606, we have elected not to disclose information about remaining performance obligations where (i) the performance obligation is part of a contract that has an original expected duration of one year or less or (ii) when we recognize revenue from the satisfaction of the performance obligation in accordance with the right-to-invoice practical expedient. As most of our contracts with customers are short-term in nature and billed on a time and material basis, there were no material amounts of remaining performance obligations as of March 31, 2023 and December 31, 2022.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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