Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in carrying value of goodwill allocated to our reportable segments during the three months ended March 31, 2023 was as follows:

	Pressure Control		Spoolable Technologies		Total
Balance at December 31, 2022	$	7,824	$	—	$	7,824
FlexSteel acquisition	—		193,478		193,478
Balance at March 31, 2023	$	7,824	$	193,478	$	201,302

Summary of Future Amortization

Estimated future amortization expense is as follows:

Remainder of 2023	$	16,657
2024	15,987
2025	15,987
2026	15,987
2027	15,987
2028	15,987
Thereafter	100,042
Total	$	196,634

Summary of Total Intangible Assets

The following table presents the detail of acquired intangible assets other than goodwill as of March 31, 2023:

	Gross Cost		Accumulated Amortization		Net Cost
Customer relationships	$	100,300	$	(557)	$	99,743
Developed technology	77,000		(642)		76,358
Tradename	16,000		(134)		15,866
Backlog	7,000		(2,333)		4,667
Total	$	200,300	$	(3,666)	$	196,634