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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets

Intangible assets, the majority of which were acquired in the acquisition of TIW and OilPatch Technologies (OPT), consist of the following:

 

 

 

Estimated
Useful Lives

 

2022

 

 

 

 

 

Gross Book
Value

 

 

Accumulated
Amortization

 

 

Foreign Currency
Translation

 

 

Net Book Value

 

 

 

 

 

(In thousands)

 

Trademarks

 

15 years

 

$

8,233

 

 

$

(2,118

)

 

$

(79

)

 

$

6,036

 

Patents

 

15 - 30 years

 

 

6,055

 

 

 

(3,699

)

 

 

-

 

 

 

2,356

 

Customer relationships

 

5 - 15 years

 

 

26,028

 

 

 

(10,878

)

 

 

(234

)

 

 

14,916

 

Organizational Costs

 

3 years

 

 

183

 

 

 

(131

)

 

 

(12

)

 

 

40

 

 

 

 

 

$

40,499

 

 

$

(16,826

)

 

$

(325

)

 

$

23,348

 

 

 

 

 

Estimated
Useful Lives

 

2021

 

 

 

 

 

Gross Book
Value

 

 

Accumulated
Amortization

 

 

Foreign Currency
Translation

 

 

Net Book Value

 

 

 

 

 

(In thousands)

 

Trademarks

 

15 years

 

$

8,257

 

 

$

(1,579

)

 

$

(23

)

 

$

6,655

 

Patents

 

15 - 30 years

 

 

6,058

 

 

 

(3,285

)

 

 

(1

)

 

 

2,772

 

Customer relationships

 

5 - 15 years

 

 

26,078

 

 

 

(9,128

)

 

 

(38

)

 

 

16,912

 

Organizational costs

 

3 years

 

 

185

 

 

 

(76

)

 

 

(2

)

 

 

107

 

 

 

 

 

$

40,578

 

 

$

(14,068

)

 

$

(64

)

 

$

26,446