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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Segment and Weighted Average Useful Life of Intangible Assets The following table identifies the segment and weighted average useful life of each of our intangible assets:

 

 

 

 

 

Weighted Average

 

 

 

Segment

 

Useful Life

 

 

 

 

 

(in years)

 

Developed technology

 

Directional drilling

 

 

10.0

 

Other

 

Directional drilling and Other operations

 

 

5.5

 

Gross Carrying Amount and Accumulated Amortization of Intangible Assets

The gross carrying amount and accumulated amortization of intangible assets as of December 31, 2022 and 2021 are as follows (in thousands):

 

 

 

2022

 

 

2021

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Developed technology

 

$

7,772

 

 

$

(3,773

)

 

$

3,999

 

 

$

55,772

 

 

$

(50,996

)

 

$

4,776

 

Other

 

 

3,250

 

 

 

(1,404

)

 

 

1,846

 

 

 

4,135

 

 

 

(1,374

)

 

 

2,761

 

Intangible assets, net

 

$

11,022

 

 

$

(5,177

)

 

$

5,845

 

 

$

59,907

 

 

$

(52,370

)

 

$

7,537

 

Remaining Amortization Expense Associated with Finite-Lived Intangible Assets The remaining amortization expense associated with finite-lived intangible assets is expected to be as follows (in thousands):

 

Year ending December 31,

 

 

 

2023

 

$

1,454

 

2024

 

 

1,454

 

2025

 

 

1,269

 

2026

 

 

777

 

2027

 

 

777

 

Thereafter

 

 

114

 

Total

 

$

5,845