Inventory

9 Months Ended

Sep. 30, 2021

Inventory [Abstract]

Inventory

(5) Inventory

Inventories are stated at the lower of cost or net realizable value. We apply net realizable value and obsolescence to the gross value of the inventory. Cost is determined using the first-in, first-out or weighted-average cost methods for finished goods and WIP. Supplies and consumables primarily consist of products used in our services provided to customers. As discussed above, during the Successor Quarter, we incurred shut down costs at certain locations primarily in our Well Services segment, which included approximately $6.5 million related to the write-down of inventory at these locations. The components of the inventory balances are as follows (in thousands):

	Successor		Predecessor
	September 30, 2021		December 31, 2020
Finished goods	$	35,564	$	35,074
Raw materials		184		5,139
WIP		5,331		2,994
Supplies and consumables		30,605		33,820
Total	$	71,684	$	77,027