Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in carrying value of goodwill allocated to our reportable segments during the six months ended June 30, 2023 was as follows:

	Pressure Control		Spoolable Technologies		Total
Balance at December 31, 2022	$	7,824	$	—	$	7,824
FlexSteel acquisition	—		194,982		194,982
Balance at June 30, 2023	$	7,824	$	194,982	$	202,806

Summary of Future Amortization

Estimated future amortization expense is as follows:

Remainder of 2023	$	7,994
2024	15,987
2025	15,987
2026	15,987
2027	15,987
2028	15,987
Thereafter	100,042
Total	$	187,971

Summary of Total Intangible Assets

The following table presents the detail of acquired intangible assets other than goodwill as of June 30, 2023:

	Gross Cost		Accumulated Amortization		Net Cost
Customer relationships	$	100,300	$	(2,229)	$	98,071
Developed technology	77,000		(2,567)		74,433
Tradename	16,000		(533)		15,467
Backlog	7,000		(7,000)		—
Total	$	200,300	$	(12,329)	$	187,971