Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the net carrying amount of goodwill by reporting segment (see Note 20) for the nine months ended September 30, 2023 and year ended December 31, 2022 are presented below (in thousands):

Well Completions Other Total
Balance as of January 1, 2022
Goodwill $ 86,043  $ 14,830  $ 100,873 
Accumulated impairment losses (76,829) (12,327) (89,156)
9,214  2,503  11,717 
Acquisitions —  —  — 
Impairment losses —  —  — 
Balance as of December 31, 2022
Goodwill 86,043  14,830  100,873 
Accumulated impairment losses (76,829) (12,327) (89,156)
9,214  2,503  11,717 
Acquisitions —  —  — 
Impairment losses —  (1,810) (1,810)
Dispositions —  (693) (693)
Balance as of September 30, 2023
Goodwill 86,043  14,137  100,180 
Accumulated impairment losses (76,829) (14,137) (90,966)
$ 9,214  $ —  $ 9,214 
Schedule of Definite Lived Intangible Assets
The Company had the following finite lived intangible assets recorded (in thousands):
September 30, December 31,
2023 2022
Trade names 7,730  7,850 
Less: accumulated amortization - trade names (6,624) (6,068)
Intangible assets, net $ 1,106  $ 1,782 
Schedule of Aggregated Expected Amortization Expense Aggregated expected amortization expense for the future periods is expected to be as follows (in thousands):
Remainder of 2023 $ 193 
2024 704 
2025 85 
2026 85 
2027 39 
Thereafter — 
$ 1,106