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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment

Goodwill — Goodwill by operating segment as of March 31, 2019 and changes for the three months then ended are as follows (in thousands):

 

Contract

 

 

Other

 

 

 

 

 

 

Drilling

 

 

Operations

 

 

Total

 

Balance at beginning of period

$

395,060

 

 

 

15,696

 

 

$

410,756

 

Changes to goodwill

 

 

 

 

2,104

 

 

 

2,104

 

Balance at end of period

$

395,060

 

 

$

17,800

 

 

$

412,860

 

 

Gross Carrying Amount and Accumulated Amortization of Intangible Assets

Intangible Assets — The following table presents the gross carrying amount and accumulated amortization of the intangible assets as of March 31, 2019 and December 31, 2018 (in thousands):

 

March 31, 2019

 

 

December 31, 2018

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer relationships

$

28,000

 

 

$

(12,967

)

 

 

15,033

 

 

$

28,000

 

 

$

(10,719

)

 

$

17,281

 

Developed technology

 

55,772

 

 

 

(7,927

)

 

 

47,845

 

 

 

55,772

 

 

 

(6,533

)

 

 

49,239

 

Favorable drilling contracts

 

-

 

 

 

-

 

 

 

-

 

 

 

22,500

 

 

 

(22,500

)

 

 

-

 

Internal use software

 

482

 

 

 

(142

)

 

 

340

 

 

 

482

 

 

 

(118

)

 

 

364

 

 

$

84,254

 

 

$

(21,036

)

 

$

63,218

 

 

$

106,754

 

 

$

(39,870

)

 

$

66,884