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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment

Goodwill — Goodwill by operating segment as of June 30, 2018 and changes for the six 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

 

Changes to goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 June 30, 2018 and December 31, 2017 (in thousands):

 

June 30, 2018

 

 

December 31, 2017

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer relationships

$

26,200

 

 

$

(6,310

)

 

 

19,890

 

 

$

26,200

 

 

$

(1,943

)

 

$

24,257

 

Developed technology

 

55,772

 

 

 

(3,744

)

 

 

52,028

 

 

 

48,000

 

 

 

(1,137

)

 

 

46,863

 

Favorable drilling contracts

 

22,500

 

 

 

(21,775

)

 

 

725

 

 

 

22,500

 

 

 

(18,482

)

 

 

4,018

 

Internal use software

 

482

 

 

 

(70

)

 

 

412

 

 

 

482

 

 

 

(21

)

 

 

461

 

 

$

104,954

 

 

$

(31,899

)

 

$

73,055

 

 

$

97,182

 

 

$

(21,583

)

 

$

75,599