Note 20 - Related Party Disclosures |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2026 | |||
| Notes to Financial Statements | |||
| Related Party Transactions Disclosure [Text Block] |
Our related parties consist primarily of CETS and PVD-Expro, the two companies in which we exert significant influence. During the three months ended March 31, 2026 and 2025, goods and services provided to related parties was $0.7 million and $0.3 million, respectively. During the three months ended March 31, 2026 and 2025, material goods and services received from related parties was immaterial for both periods.
Additionally, we entered into various operating lease agreements to lease facilities with affiliated companies. Rent expense associated with our related party leases was immaterial for both the three months ended March 31, 2026and 2025.
Further, we received dividends from CETS totaling $4.6 million during the three months ended March 31, 2026 and no dividends from CETS during the three months ended March 31, 2025.
As of March 31, 2026 and December 31, 2025 amounts receivable from related parties were $2.0 million and $0.9 million, respectively, and amounts payable to related parties were immaterial for both periods. |