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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment

Goodwill — Goodwill by operating segment as of March 31, 2018 and changes for the three months then ended are as follows (in thousands):

 

Contract

 

 

Pressure

 

 

Directional

 

 

Oilfield

 

 

 

 

 

 

Drilling

 

 

Pumping

 

 

Drilling

 

 

Rentals

 

 

Total

 

Balance at beginning of period

$

395,060

 

 

 

121,444

 

 

$

88,685

 

 

 

6,284

 

 

$

611,473

 

Goodwill acquired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at end of period

$

395,060

 

 

$

121,444

 

 

$

88,685

 

 

$

6,284

 

 

$

611,473

 

 

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, 2018 and December 31, 2017 (in thousands):

 

March 31, 2018

 

 

December 31, 2017

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer relationships

$

26,200

 

 

$

(4,126

)

 

 

22,074

 

 

$

26,200

 

 

$

(1,943

)

 

$

24,257

 

Developed technology

 

55,772

 

 

 

(2,274

)

 

 

53,498

 

 

 

48,000

 

 

 

(1,137

)

 

 

46,863

 

Favorable drilling contracts

 

22,500

 

 

 

(20,583

)

 

 

1,917

 

 

 

22,500

 

 

 

(18,482

)

 

 

4,018

 

Internal use software

 

482

 

 

 

(46

)

 

 

436

 

 

 

482

 

 

 

(21

)

 

 

461

 

 

$

104,954

 

 

$

(27,029

)

 

$

77,925

 

 

$

97,182

 

 

$

(21,583

)

 

$

75,599