Business Combinations and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed

The following table summarizes the preliminary amounts recognized for the assets acquired and liabilities assumed as of the November 24, 2025 acquisition date.

(In thousands)
Receivables	$	3,962
Property, plant and equipment	15,409
Intangible assets	12,770
Other assets	1,408
Total assets acquired	33,549
Current debt	1,591
Other current liabilities	4,669
Long-term debt, less current portion	1,309
Deferred tax liabilities	7,200
Other noncurrent liabilities	968
Total liabilities assumed	15,737
Net assets purchased	17,812
Goodwill	28,179
Total purchase consideration	45,991
Net cash conveyed at closing	42,352
Estimated due to seller	3,639
Total estimated purchase consideration	$	45,991

Schedule Of Significant Items Included In Income From Discontinued Operations

Net assets related to the Sale Transaction consisted of the following:

(In thousands)	December 31, 2025		December 31, 2024
Receivables due from the Purchaser	$	—	$	15,978
Estimated deferred consideration due from the Purchaser	1,287		3,550
Note receivable due from the Purchaser	5,000		5,000
Estimated liabilities due to the Purchaser	(2,637)		(6,488)
Net assets due from the Purchaser	$	3,650	$	18,040

The following table summarizes the significant items included in income (loss) from discontinued operations in the consolidated statements of operations.

	Year Ended December 31,
(In thousands)	2025		2024		2023
Revenues	$	—	$	335,302	$	541,952
Cost of revenues	—		290,482		475,967
Selling, general and administrative expenses	1,319		38,399		50,053
Other operating (income) loss, net	—		(1,447)		(1,114)
Impairments and other charges	—		—		6,356
Operating income (loss) from discontinued operations	(1,319)		7,868		10,690
Foreign currency exchange (gain) loss	121		825		1,156
Interest (income) expense, net	(28)		2,683		4,074
Income (loss) from discontinued operations before income taxes	(1,412)		4,360		5,460
Gain (loss) on sale of discontinued operations before income taxes	2,176		(195,729)		—
Provision (benefit) for income taxes from discontinued operations	(2,230)		(5,508)		5,093
Income (loss) from discontinued operations	$	2,994	$	(185,861)	$	367

Operating results from discontinued operations shown above include the following items:

	Year Ended December 31,
(In thousands)	2025		2024		2023
Fluids Systems sale process transaction expenses	$	—	$	8,348	$	619
Impairments and other charges	—		—		6,356
Gain on insurance recovery	—		(807)		—
Facility exit costs and other, net	—		741		4,594
Severance costs	—		655		1,172
Total Fluids Systems	$	—	$	8,937	$	12,741

Significant operating and investing items related to the former Fluids Systems segment were as follows:

	Year Ended December 31,
(In thousands)	2025		2024		2023
Operating activities of discontinued operations:
Impairments and other non-cash charges	$	—	$	—	$	6,356
Depreciation and amortization	—		4,874		7,776
Investing activities of discontinued operations:
Capital expenditures	—		2,448		2,278