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Impairments
12 Months Ended
Dec. 31, 2024
Asset Impairment Charges [Abstract]  
Impairments

(7) Impairments

During the fourth quarter of 2024, the Company recognized a $56.3 million non-cash impairment charge in the KDS segment primarily associated with conventional diesel fracturing equipment inventory. Based on the current market conditions and its view on the industry outlook, including decreased customer demand for conventional diesel fracturing equipment driven by an industry-wide shift to electric fracturing equipment, the Company determined that certain inventory had limited commercial opportunity, and the cost of these inventories exceeded its net realizable value. The Company determined the net realizable value of the inventory using a combination of the cost and market approaches.