XML 148 R31.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2024 | Dec. 31, 2023
Property, Plant and Equipment [Abstract] |  |
Summary of Component of Property, Plant and Equipment, Net | The following table shows the component of property, plant and equipment, net (in thousands):
|  | Estimated Useful Lives (in Years) |  |  | March 31, 2024 |  |  | December 31, 2023 |
Rental tools and equipment |  |  | 5-10 |  |  |  | 195,460 |  |  |  | 188,949 |
Buildings and improvements |  |  | 5-40 |  |  |  | 6,686 |  |  |  | 6,672 |
Office furniture, fixtures and equipment |  |  | 3-5 |  |  |  | 2,269 |  |  |  | 2,389 |
Transportation and equipment |  |  | 3-5 |  |  |  | 783 |  |  |  | 793 |
Total property, plant and equipment |  |  |  |  |  |  | 205,198 |  |  |  | 198,803 |
Less: accumulated deprecation |  |  |  |  |  |  | (134,602 | ) |  |  | (133,003 | )
Property, plant and equipment, net (excluding construction in progress) |  |  |  |  |  |  | 70,596 |  |  |  | 65,800 |
Construction in progress |  |  |  |  |  |  | — |  |  |  | — |
Property, plant and equipment, net |  |  |  |  |  | $ | 70,596 |  |  | $ | 65,800 |
| The following table shows the component of property, plant and equipment, net (in thousands):
|  | Estimated Useful Lives (in Years) |  |  | December 31, 2023 |  |  | December 31, 2022 |
Rental tools and equipment |  |  | 5-10 |  |  |  | 188,949 |  |  |  | 160,973 |
Buildings and improvements |  |  | 5-40 |  |  |  | 6,672 |  |  |  | 5,781 |
Office furniture, fixtures and equipment |  |  | 3-5 |  |  |  | 2,389 |  |  |  | 2,101 |
Transportation and equipment |  |  | 3-5 |  |  |  | 793 |  |  |  | 827 |
Total property, plant and equipment |  |  |  |  |  |  | 198,803 |  |  |  | 169,682 |
Less: accumulated depreciation |  |  |  |  |  |  | (133,003 | ) |  |  | (125,537 | )
Property, plant and equipment, net (excluding construction in progress) |  |  |  |  |  |  | 65,800 |  |  |  | 44,145 |
Construction in progress |  |  |  |  |  |  | — |  |  |  | 9 |
Property, plant and equipment, net |  |  |  |  |  | $ | 65,800 |  |  | $ | 44,154 |

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration