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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 185,629 $ 187,323
Restricted cash 3,590 4,077
Short-term investments 0 25,908
Trade receivables, net 154,183 135,569
Unbilled receivables 132,979 148,429
Inventories 204,733 194,593
Prepaid expenses 16,917 14,119
Other current assets 8,006 9,699
Assets held for sale 1,513 0
Total current assets 707,550 719,717
Operating lease right of use assets 16,779 16,343
Property, plant and equipment, net 211,117 217,631
Deferred income taxes 10,242 8,989
Goodwill 16,122 [1] 16,654
Intangible assets 38,850 41,941
Other assets 7,497 6,906
Total assets 1,008,157 1,028,181
Current liabilities:    
Accounts payable 60,833 60,160
Accrued income taxes 3,291 5,942
Contract liabilities 7,960 7,583
Accrued compensation 14,564 14,035
Operating lease liabilities 2,454 2,118
Other accrued liabilities 37,327 27,865
Total current liabilities 126,429 117,703
Deferred income taxes 9,189 10,564
Income tax payable 472 346
Operating lease liabilities, long-term 14,944 14,554
Other long-term liabilities 4,599 3,754
Total liabilities 155,633 146,921
Contingencies (Note 14)
Stockholders' equity:    
Preferred stock: 10,000,000 shares authorized at $0.01 par value (none issued) 0 0
Common stock:    
100,000,000 shares authorized at $0.01 par value, 34,452,230 and 34,386,577 shares issued and outstanding at June 30, 2024 and December 31, 2023 343 343
Additional paid-in capital 106,403 100,289
Retained earnings 928,977 950,719
Accumulated other comprehensive losses (183,199) (170,091)
Total stockholders' equity 852,524 881,260
Total liabilities and stockholders' equity $ 1,008,157 $ 1,028,181
[1] As of June 30, 2024, the Goodwill balance is included in long-lived assets in the Well Construction business segment.