Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 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 twelve months ended December 31, 2023 was as follows:

	Pressure Control		Spoolable Technologies		Total
Balance at December 31, 2022	$	7,824	$	—	$	7,824
FlexSteel acquisition	—		195,204		195,204
Balance at December 31, 2023	$	7,824	$	195,204	$	203,028

Summary of Total Intangible Assets

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

	Amortization Period	Gross Cost		Accumulated Amortization		Net Book Value
Customer relationships	15 years	$	100,300	$	(5,572)	$	94,728
Developed technology	10 years	77,000		(6,417)		70,583
Tradename	10 years	16,000		(1,333)		14,667
Backlog	3 months	7,000		(7,000)		—
Total		$	200,300	$	(20,322)	$	179,978

Summary of Future Amortization

Estimated future amortization expense is as follows:

2024	15,987
2025	15,987
2026	15,987
2027	15,987
2028	15,987
Thereafter	100,043
Total	$	179,978