Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Trade Receivable

Trade receivables as of December 31, 2024 and 2023 are as follows:

	December 31,
(in thousands)	2024			2023
Trade accounts receivable	$	275,106		$	107,218
Unbilled revenue		28,275			16,157
Allowance for credit losses		(63,875	)		(5,015	)
Trade receivables, net	$	239,506		$	118,360

Schedule of Changes in Allowance for Credit Losses

The changes in allowance for credit losses during the years ended December 31, 2024, 2023 and 2022 were as follows:

	December 31,
(in thousands)	2024			2023			2022
Balance at January 1	$	5,015		$	3,136		$	4,962
Allowance pertaining to the receivables acquired as part of the Merger		72,685			—			—
Provision for (recovery of) credit losses		(5,049	)		3,611			1,131
Write-offs charged against allowance		(8,776	)		(1,732	)		(2,957	)
Balance at December 31	$	63,875		$	5,015		$	3,136

Summary of Estimated General Useful Lives of Assets

The table below summarizes the estimated useful lives of assets by category:

	Years
Buildings, building improvements and leasehold improvements	Lease term - 30
Manufacturing machinery and equipment	3 - 7
Rental tools	3
Office equipment and computer software	3 - 7
Vehicles	3 - 5
Right of use leases – finance	Lease term

Schedule of Estimated Useful Lives of Intangible Assets

The table below summarizes the estimated useful lives of intangible assets by category:

	Years
Customer relationships	3 - 12
Non-compete agreements	7
Trade name	3 - 10
Technology, patents and other	5 - 14