XML 24 R17.htm IDEA: XBRL DOCUMENT
v3.25.2

PROPERTY, PLANT AND EQUIPMENT, NET | 6 Months Ended
--- | ---
Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, NET | # NOTE 5 – PROPERTY, PLANT AND EQUIPMENT, NET The following table shows the component of property, plant and equipment, net (in thousands):
|  | Estimated Useful Lives (in Years) |  | June 30, 2025 |  |  | December 31, 2024 |
Rental tools and equipment |  | 5-10 |  | $ | 213,878 |  |  | $ | 205,939 |
Buildings and improvements |  | 5-40 |  |  | 7,383 |  |  |  | 7,074 |
Office furniture, fixtures and equipment |  | 3-5 |  |  | 3,020 |  |  |  | 2,507 |
Transportation and equipment |  | 3-5 |  |  | 708 |  |  |  | 714 |
Total property, plant and equipment |  |  |  |  | 224,988 |  |  |  | 216,234 |
Less: accumulated deprecation |  |  |  |  | (148,780 | ) |  |  | (142,203 | )
Property, plant and equipment, net (excluding construction in progress) |  |  |  |  | 76,208 |  |  |  | 74,031 |
Construction in progress |  |  |  |  | 3,102 |  |  |  | 1,540 |
Property, plant and equipment, net |  |  |  | $ | 79,310 |  |  | $ | 75,571 |
Total depreciation expense for the three months ended June 30, 2025 and 2024 was approximately $6.2 million and $5.6 million, respectively. Total depreciation expense for the six months ended June 30, 2025 and 2024 was approximately $12.3 million and $10.9 million, respectively. The Company has not acquired any property, plant and equipment under capital leases.

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 The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration