v3.26.3
Goodwill
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Goodwill [Line Items]    
Goodwill
4. Goodwill
The changes in carrying value of goodwill are detailed by segment below:
 
       
(in thousands)    ESS      PCS      Total  
Balance as of January 1, 2026
    $ 187,788      $ 119,226      $ 307,014  
Acquisition and purchase accounting adjustments(a)
      770        —        770  
Currency translation differences
      170        —        170  
  
 
 
  
Balance as of June 30, 2026
    $ 188,728      $ 119,226      $ 307,954  
 
  
 
(a).   ESS segment includes purchase price adjustment of $0.8 million, related to working capital measurement period adjustments for Deep Blue acquisition. See Note 2—“Business Combinations” for more information. 
 
HMH Holding BV And Subsidiaries [Member]    
Goodwill [Line Items]    
Goodwill  
5. Goodwill
The changes in carrying value of goodwill are detailed by segment below:
 
       
      ESS     PCS      Total  
Balance as of January 1, 2024
    $ 184,619     $ 103,229      $ 287,848  
Acquisition and other(1)
      —       14,125        14,125  
Currency translation differences
      (1,034 )      —        (1,034 ) 
  
 
 
  
Balance as of December 31, 2024
    $ 183,585     $ 117,354      $ 300,939  
  
 
 
  
Acquisition and purchase accounting adjustments(1)
      3,584       1,872        5,456  
Currency translation differences
      619       —        619  
  
 
 
  
Balance as of December 31, 2025
    $ 187,788     $ 119,226      $ 307,014  
 
  
 
(1)   Goodwill associated with the 2024 Drillform acquisition was assigned to PCS segment and the 2025 Deep Blue acquisition was assigned to ESS segment. The PCS segment in 2025 includes purchase price adjustment of $1.9 million, net of deferred tax assets, related to remeasurement of warranty liabilities for the Drillform acquisition. See Note 2—“Business combinations” for more information.