Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Summarized Financial Information by Segment

Financial information by business segment for the three and nine months ended September 30, 2024 and 2023 is summarized below.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Revenue:
Pressure Control	$	185,099	$	182,484	$	547,319	$	576,273
Spoolable Technologies	108,155		105,386		310,966		245,821
Corporate and other (1)	(73)		—		(592)		—
Total revenues	293,181		287,870		857,693		822,094
Operating income:
Pressure Control	52,537		54,822		159,881		180,881
Spoolable Technologies	32,907		39,773		79,341		34,004
Total segment operating income	85,444		94,595		239,222		214,885
Corporate and other (2)	(8,652)		(6,992)		(20,061)		(29,072)
Total operating income	76,792		87,603		219,161		185,813
Interest income (expense), net	2,062		(1,372)		4,156		(6,298)
Other income, net	—		266		—		3,804
Income before income taxes	$	78,854	$	86,497	$	223,317	$	183,319

(1)Represents the elimination of inter-segment revenue for sales from our Pressure Control segment to our Spoolable Technologies segment.

(2)Includes corporate and other costs not directly attributable to our reporting segments, such as corporate executive management and other administrative functions. Prior to January 1, 2024, these costs were previously included in the Pressure Control segment. The information for the nine months ended September 30, 2023 has been recast to align with the presentation for the nine months ended September 30, 2024.