XML 37 R12.htm IDEA: XBRL DOCUMENT v3.24.0.1
REVENUE
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregation of revenue. Essentially all of our revenues are associated with contracts with customers. A disaggregation of our revenue from contracts with customers by geographic region, by reportable operating segment and by service type is presented below (in thousands):
Twelve Months Ended December 31, 2023
United States and CanadaOther CountriesTotal
Revenue:
IHT$414,515 $15,044 $429,559 
MS294,118 138,938 433,056 
Total$708,633 $153,982 $862,615 
Twelve Months Ended December 31, 2022
United States and CanadaOther CountriesTotal
Revenue:
IHT$412,661 $9,901 $422,562 
MS296,151 121,495 417,646 
Total$708,812 $131,396 $840,208 
Twelve Months Ended December 31, 2023
Non-Destructive Evaluation and Testing ServicesRepair and Maintenance ServicesHeat TreatingOtherTotal
Revenue:
IHT$343,713 $275 $59,399 $26,172 $429,559 
MS— 429,480 702 2,874 433,056 
Total$343,713 $429,755 $60,101 $29,046 $862,615 
Twelve Months Ended December 31, 2022
Non-Destructive Evaluation and Testing ServicesRepair and Maintenance ServicesHeat TreatingOtherTotal
Revenue:
IHT$336,821 $180 $61,526 $24,035 $422,562 
MS— 413,424 276 3,946 417,646 
Total$336,821 $413,604 $61,802 $27,981 $840,208 
For additional information on our reportable operating segments and geographic information, refer to Note 17 - Segment and Geographic Disclosures.
Remaining performance obligations. As permitted by ASC 606, Revenue from Contracts with Customers, we have elected not to disclose information about remaining performance obligations where (i) the performance obligation is part of a contract that has an original expected duration of one year or less or (ii) when we recognize revenue from the satisfaction of the performance obligation in accordance with the right-to-invoice practical expedient, which permits us to recognize revenue in the amount to which we have a right to invoice the customer if that amount corresponds directly with the value to the customer of our performance completed to date. As most of our contracts with customers are short-term in nature and billed on a time and material basis, there were no material amounts of remaining performance obligations as of December 31, 2023 and 2022.