Goodwill — During the three months ended March 31, 2026, there were no additions or impairments to goodwill. As of March 31, 2026 and December 31, 2025, our goodwill balances by operating segment were as follows (in thousands):


	Completion Services		Drilling Products		Total
Balance, March 31, 2026 and December 31, 2025	$	36,885	$	450,503	$	487,388

Goodwill is evaluated at least annually on July 31, or more frequently when events or circumstances occur indicating recorded goodwill may be impaired. As of March 31, 2026, we determined there were no events that would indicate the carrying value of goodwill may not be recoverable or that potential impairment exists.

Intangible Assets — The following table presents the gross carrying amount and accumulated amortization of our intangible assets as of March 31, 2026 and December 31, 2025 (in thousands):


	March 31, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	782,888	$	(183,594)	$	599,294	$	783,259	$	(166,135)	$	617,124
Developed technology	202,771		(106,721)		96,050		202,771		(96,689)		106,082
Trade name	101,000		(25,906)		75,094		101,000		(23,406)		77,594
Other	23,721		(9,942)		13,779		22,729		(8,719)		14,010
Intangible assets, net	$	1,110,380	$	(326,163)	$	784,217	$	1,109,759	$	(294,949)	$	814,810

Amortization expense on intangible assets of approximately $31.8 million and $30.8 million was recorded for the three months ended March 31, 2026 and 2025, respectively.