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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Pride
Downhole Well Solutions, LLC
Common Stock
Common Stock
Pride
Common Stock
Downhole Well Solutions, LLC
Additional Paid-in Capital
Additional Paid-in Capital
Pride
Additional Paid-in Capital
Downhole Well Solutions, LLC
Retained Earnings/(Deficit)
Accumulated Other Comprehensive Income
Balance at Dec. 31, 2021 $ 180,551     $ 304     $ 169,062     $ 8,704 $ 2,481
Balance, Shares at Dec. 31, 2021       30,366,522              
Stock based compensation 907           907        
Foreign currency translation adjustment 463                   463
Net income 63,278                 63,278  
Issuance of common stock   $ 10,000     $ 6     $ 9,994      
Issuance of common stock, Shares         645,641            
Employee stock re-purchase (1,293)     $ (1)     (1,292)        
Employee stock re-purchase, Shares       (83,515)              
Release of cumulative translation adjustment due to entity closure (2,626)                   (2,626)
Balance at Dec. 31, 2022 251,280     $ 309     178,671     71,982 318
Balance, Shares at Dec. 31, 2022       30,928,648              
Stock based compensation 1,962           1,962        
Foreign currency translation adjustment 1,753                   1,753
Net income 73,926                 73,926  
Balance at Dec. 31, 2023 $ 328,921     $ 309     180,633     145,908 2,071
Balance, Shares at Dec. 31, 2023 30,928,647     30,928,648              
Stock based compensation $ 13,248           13,248        
Foreign currency translation adjustment (10,969)                   (10,969)
Net income 140,325                 140,325  
Dividend payment (74,983)                 (74,983)  
Issuance of common stock for Merger 537,273     $ 351     536,922        
Issuance of common stock for Merger, Shares       35,134,652              
Issuance of common stock     $ 31,215     $ 19     $ 31,196    
Issuance of common stock, Shares           1,918,558          
Stock options exercised $ 3,326     $ 14     3,312        
Stock options exercised, Shares 2,504,496     1,418,531              
Equity award vestings       $ 5     (5)        
Equity award vestings, Shares       465,921              
Shares withheld related to net settlement of equity awards $ (10,235)     $ (6)     (10,229)        
Shares withheld related to net settlement of equity awards, Shares       (688,047)              
Release of cumulative translation adjustment due to entity closure 35                   35
Balance at Dec. 31, 2024 $ 958,156     $ 692     $ 755,077     $ 211,250 $ (8,863)
Balance, Shares at Dec. 31, 2024 69,178,262     69,178,263