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Business Acquisitions - Purchase Price Allocation (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
[1]
Dec. 31, 2023
Jul. 31, 2023
Business Acquisition [Line Items]      
Goodwill $ 16,122 $ 16,654  
Great North Wellhead and Frac [Member]      
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, long-term     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 June 30, 2024, 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 10 of Notes to the Condensed Consolidated Financial Statements for further information regarding intangible assets.