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Business Acquisitions - Purchase Price Allocation (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
[1]
Jul. 31, 2023
Dec. 31, 2022
Business Acquisition [Line Items]      
Goodwill $ 16,237   $ 0
Great North Wellhead and Frac      
Business Acquisition [Line Items]      
Cash   $ 1,810  
Accounts receivable   16,499  
Prepaid expenses and other current assets   609  
Inventory   16,068  
Property, plant and equipment   29,338  
Right of use assets   11,115  
Intangible assets (1) [2]   22,263  
Total assets acquired   97,702  
Accounts payable   7,034  
Accrued expenses   3,522  
Deferred revenue   47  
Lease liability, current   11,115  
Deferred taxes   5,075  
Total liabilities assumed   26,793  
Net identifiable assets acquired   70,909  
Goodwill   16,759  
Net assets acquired   $ 87,668  
[1] As of September 30, 2023, the Goodwill balance is included in long-lived assets in the Well Construction business segment.
[2] Includes $4.0 million of trademarks with a weighted average useful life of 10 years, $3.6 million of patents with a weighted average useful life of 15 years, and $14.7 million of customer relationships with a weighted average useful life of 10 years. See “Goodwill and Intangible Assets,” Note 11 of Notes to the Condensed Consolidated Financial Statements for further information regarding intangible assets.