XML 86 R79.htm IDEA: XBRL DOCUMENT v3.25.2
SEGMENT INFORMATION - Summary of Financial Information by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Revenue, net $ 39,421 $ 37,533 $ 82,301 $ 74,507
Selling, general, and administrative expense 21,023 19,619 42,633 37,560
Depreciation and amortization 6,830 5,681 13,552 11,047
Goodwill impairment     1,901 0
Other expenses 103 323 201 76
Income (loss) before income tax expense (1,661) 283 (3,489) 4,346
Tool Rental        
Segment Reporting Information [Line Items]        
Revenue, net 32,756 28,328 67,289 58,294
Total Cost of Sales 7,402 6,998 15,090 13,482
Product Sale        
Segment Reporting Information [Line Items]        
Revenue, net 6,665 9,205 15,012 16,213
Total Cost of Sales 2,494 3,000 6,051 5,053
Operating Segments        
Segment Reporting Information [Line Items]        
Revenue, net 43,672 39,738 89,920 79,291
Total Cost of Sales 14,146 12,203 28,760 23,320
Total consolidated cost of revenue 9,895 9,998 21,141 18,535
Selling, general, and administrative expense 17,375 15,125 35,621 29,630
Segment income 12,151 12,409 25,539 26,342
Corporate expenses 2,819 3,450 5,453 6,491
Depreciation and amortization 6,830 5,681 13,552 11,047
Stock option expense 642 856 1,183 1,064
Monitoring fees 188 188 375 375
Transaction expenses 215 2,019 947 2,909
Goodwill impairment     1,901  
Other expenses 3,118   5,616 110
Other expenses   (67)    
Income (loss) before income tax expense (1,661) 283 (3,489) 4,346
Operating Segments | Western Hemisphere        
Segment Reporting Information [Line Items]        
Revenue, net 37,585 35,556 78,781 73,863
Total Cost of Sales 11,441 10,405 23,581 21,044
Selling, general, and administrative expense 14,039 13,653 29,518 27,807
Segment income 12,106 11,498 25,682 25,011
Goodwill impairment     900  
Operating Segments | Eastern Hemisphere        
Segment Reporting Information [Line Items]        
Revenue, net 6,087 4,182 11,139 5,429
Total Cost of Sales 2,706 1,798 5,179 2,275
Selling, general, and administrative expense 3,336 1,472 6,103 1,823
Segment income 45 912 (143) 1,330
Goodwill impairment     1,000  
Operating Segments | Tool Rental        
Segment Reporting Information [Line Items]        
Revenue, net 35,128 30,521 72,314 63,047
Total Cost of Sales 9,775 8,002 20,116 17,583
Operating Segments | Tool Rental | Western Hemisphere        
Segment Reporting Information [Line Items]        
Revenue, net 29,794 29,952 62,456 62,054
Total Cost of Sales 7,520 7,918 15,910 17,442
Operating Segments | Tool Rental | Eastern Hemisphere        
Segment Reporting Information [Line Items]        
Revenue, net 5,333 569 9,858 992
Total Cost of Sales 2,255 85 4,206 141
Operating Segments | Product Sale        
Segment Reporting Information [Line Items]        
Revenue, net 8,545 9,217 17,606 16,244
Total Cost of Sales 4,371 4,200 8,644 5,737
Operating Segments | Product Sale | Western Hemisphere        
Segment Reporting Information [Line Items]        
Revenue, net 7,791 5,604 16,325 11,808
Total Cost of Sales 3,921 2,487 7,671 3,602
Operating Segments | Product Sale | Eastern Hemisphere        
Segment Reporting Information [Line Items]        
Revenue, net 754 3,613 1,281 4,436
Total Cost of Sales 451 1,713 973 2,134
Intersegment Elimination        
Segment Reporting Information [Line Items]        
Revenue, net (4,251) (2,205) (7,619) (4,784)
Total consolidated cost of revenue $ (4,251) $ (2,205) $ (7,619) $ (4,784)