Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill (Notes)

v3.25.1
Goodwill (Notes)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
Changes in the carrying amount of goodwill by reportable segment during the years ended December 31, 2024 and 2023 was as follows:
Products Services Energy Production Total
Balance at December 31, 2022 $ 40,870  $ —  $ 2,365,286  $ 2,406,156 
Impairment —  —  —  — 
Acquisition —  337,268  —  337,268 
Balance at December 31, 2023 $ 40,870  $ 337,268  $ 2,365,286  $ 2,743,424 
Impairment —  —  (217,295) (217,295)
Acquisition - adjustment —  (179,563) —  (179,563)
Balance at December 31, 2024 $ 40,870  $ 157,705  $ 2,147,991  $ 2,346,566 
We performed a goodwill impairment test of the Energy Production goodwill at December 31, 2024 and determined that the carrying value of the assets exceeded estimated fair value of the of the assets, based on a discounted cash flow analysis, and recorded a goodwill impairment for the year ended December 31, 2024. We performed a goodwill impairment test of the Services goodwill and determined that the estimated fair value of the assets, based on a discounted cash flow analysis, exceeded the carrying value of the assets, therefore no impairment existed for the year ended December 31, 2024.
See Note 6. "Sale of Energy Producing Assets and Goodwill Impairment" and Note 5. "Aegis Contract and Related Asset Acquisition" for further discussion.