Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of financial data by reportable segment

Certain financial data by reportable segment are summarized as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Net revenues —
Well Intervention	$	182,667	$	225,367	$	623,805	$	522,026
Robotics		84,526		75,646		216,084		194,918
Shallow Water Abandonment		71,595		87,272		149,289		212,959
Production Facilities		20,695		24,469		70,247		68,502
Intercompany eliminations		(17,064)		(17,084)		(55,998)		(43,834)
Total	$	342,419	$	395,670	$	1,003,427	$	954,571
Income (loss) from operations —
Well Intervention	$	16,109	$	16,120	$	64,087	$	11,357
Robotics		24,158		20,665		58,008		43,226
Shallow Water Abandonment		8,808		27,624		(3,901)		54,208
Production Facilities		8,288		8,886		15,842		21,817
Segment operating income		57,363		73,295		134,036		130,608
Change in fair value of contingent consideration		—		(16,499)		—		(31,319)
Corporate, eliminations and other		(12,723)		(20,568)		(37,479)		(51,159)
Total	$	44,640	$	36,228	$	96,557	$	48,130
Net interest expense		(5,689)		(4,152)		(17,057)		(12,567)
Losses related to convertible senior notes		—		—		(20,922)		—
Other non-operating expense, net		83		(8,179)		(515)		(8,437)
Income before income taxes	$	39,034	$	23,897	$	58,063	$	27,126

Schedule of intercompany segment revenues

Intercompany segment revenues are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Well Intervention	$	8,054	$	6,832	$	26,224	$	18,174
Robotics		8,972		10,252		29,548		25,634
Shallow Water Abandonment		38		—		226		26
Total	$	17,064	$	17,084	$	55,998	$	43,834

Schedule of total assets by reportable segment

The following table reflects total assets by reportable segment (in thousands):

	September 30,		December 31,
	2024		2023
Well Intervention	$	1,926,350	$	1,790,971
Robotics		216,369		177,801
Shallow Water Abandonment		201,143		256,356
Production Facilities		107,874		120,234
Corporate and other		209,413		210,674
Total	$	2,661,149	$	2,556,036