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Asset Impairments (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The carrying amount of goodwill, including changes therein, by reporting segment is below:
(in thousands)
Production & Automation Technologies
 
Drilling Technologies
 
Total
December 31, 2019
$
809,977

 
$
101,136

 
$
911,113

Impairment
(616,271
)
 

 
(616,271
)
Foreign currency translation
(3,124
)
 

 
(3,124
)
March 31, 2020
$
190,582

 
$
101,136

 
$
291,718


Schedule of Finite-Lived Intangible Assets
The components of our definite- and indefinite-lived intangible assets were as follows:
 
March 31, 2020
 
December 31, 2019
(in thousands)
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Definite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Customer relationships (1)
$
442,696

 
$
287,833

 
$
154,863

 
$
560,316

 
$
353,189

 
$
207,127

Trademarks (1)
34,045

 
24,671

 
9,374

 
35,695

 
24,830

 
10,865

Patents
37,798

 
27,053

 
10,745

 
38,436

 
26,838

 
11,598

Unpatented technologies
13,700

 
9,878

 
3,822

 
13,700

 
9,811

 
3,889

Drawings and manuals
2,478

 
1,678

 
800

 
2,558

 
1,758

 
800

Other
5,199

 
4,477

 
722

 
5,332

 
4,504

 
828

 
535,916

 
355,590

 
180,326

 
656,037

 
420,930

 
235,107

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trademarks
3,600

 

 
3,600

 
3,600

 

 
3,600

Total
$
539,516

 
$
355,590

 
$
183,926

 
$
659,637

 
$
420,930

 
$
238,707

_______________________
(1) Includes impairment of customer relationship and trademark intangible assets of $40.4 million and $0.6 million, respectively, all of which relate to asset groups included within our Artificial Lift business.
Schedule of Indefinite-Lived Intangible Assets
The components of our definite- and indefinite-lived intangible assets were as follows:
 
March 31, 2020
 
December 31, 2019
(in thousands)
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Definite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Customer relationships (1)
$
442,696

 
$
287,833

 
$
154,863

 
$
560,316

 
$
353,189

 
$
207,127

Trademarks (1)
34,045

 
24,671

 
9,374

 
35,695

 
24,830

 
10,865

Patents
37,798

 
27,053

 
10,745

 
38,436

 
26,838

 
11,598

Unpatented technologies
13,700

 
9,878

 
3,822

 
13,700

 
9,811

 
3,889

Drawings and manuals
2,478

 
1,678

 
800

 
2,558

 
1,758

 
800

Other
5,199

 
4,477

 
722

 
5,332

 
4,504

 
828

 
535,916

 
355,590

 
180,326

 
656,037

 
420,930

 
235,107

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trademarks
3,600

 

 
3,600

 
3,600

 

 
3,600

Total
$
539,516

 
$
355,590

 
$
183,926

 
$
659,637

 
$
420,930

 
$
238,707

_______________________
(1) Includes impairment of customer relationship and trademark intangible assets of $40.4 million and $0.6 million, respectively, all of which relate to asset groups included within our Artificial Lift business.