2023 Q1 Form 10-K Financial Statement

#000095017023005506 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $90.87M $96.81M $362.1M
YoY Change 9.3% 24.26% 12.12%
Cost Of Revenue $65.50M $66.57M $265.9M
YoY Change 2.35% 8.77% 9.73%
Gross Profit $25.36M $30.25M $96.14M
YoY Change 32.5% 80.96% 19.29%
Gross Profit Margin 27.91% 31.24% 26.55%
Selling, General & Admin $22.59M $26.88M $94.21M
YoY Change 0.86% -12.2% -18.11%
% of Gross Profit 89.05% 88.88% 97.99%
Research & Development $3.399M $2.699M $11.74M
YoY Change -7.54% -29.6% -22.27%
% of Gross Profit 13.4% 8.92% 12.21%
Depreciation & Amortization $6.889M $7.069M $29.42M
YoY Change -8.86% -8.47% -3.16%
% of Gross Profit 27.16% 23.37% 30.6%
Operating Expenses $22.59M $29.58M $94.21M
YoY Change 0.86% -14.14% -18.11%
Operating Profit $3.188M $664.0K $2.521M
YoY Change -157.02% -103.74% -102.02%
Interest Expense $80.00K $1.560M $216.0K
YoY Change 48.15% -202.63% -72.55%
% of Operating Profit 2.51% 234.94% 8.57%
Other Income/Expense, Net
YoY Change
Pretax Income $5.935M $1.007M $6.770M
YoY Change -209.06% -101.41% -105.41%
Income Tax $3.624M $1.266M $6.327M
% Of Pretax Income 61.06% 125.72% 93.46%
Net Earnings $2.311M -$259.0K $443.0K
YoY Change -125.86% -99.59% -100.35%
Net Earnings / Revenue 2.54% -0.27% 0.12%
Basic Earnings Per Share $0.07 $0.01
Diluted Earnings Per Share $0.07 -$0.01 $0.01
COMMON SHARES
Basic Shares Outstanding 34.17M 33.92M 34.24M
Diluted Shares Outstanding 34.49M 34.47M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.3M $297.0M $297.0M
YoY Change -24.78% -16.43% -16.43%
Cash & Equivalents $235.3M $264.8M $264.8M
Short-Term Investments $18.92M $32.23M $32.23M
Other Short-Term Assets $36.16M $34.36M $73.62M
YoY Change -14.22% -15.77% 80.48%
Inventory $152.8M $146.0M $146.0M
Prepaid Expenses $15.59M $19.87M
Receivables $132.2M $91.50M $235.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $752.1M $752.6M $752.6M
YoY Change 4.84% 0.94% 0.94%
LONG-TERM ASSETS
Property, Plant & Equipment $183.3M $181.3M $186.3M
YoY Change -13.93% -16.16% -15.95%
Goodwill $0.00
YoY Change
Intangibles $22.69M $23.35M
YoY Change -11.65% -11.71%
Long-Term Investments
YoY Change
Other Assets $6.134M $5.949M $10.31M
YoY Change -0.82% 6.38% -38.69%
Total Long-Term Assets $223.3M $219.9M $219.9M
YoY Change -14.36% -16.97% -16.97%
TOTAL ASSETS
Total Short-Term Assets $752.1M $752.6M $752.6M
Total Long-Term Assets $223.3M $219.9M $219.9M
Total Assets $975.4M $972.5M $972.5M
YoY Change -0.28% -3.75% -3.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.21M $43.02M $43.02M
YoY Change 29.0% 22.1% 22.1%
Accrued Expenses $23.20M $31.65M $30.32M
YoY Change -1.84% -29.01% -29.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $43.00K
YoY Change -66.14%
Total Short-Term Liabilities $83.36M $87.56M $87.56M
YoY Change 18.54% -6.52% -6.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $98.00K
YoY Change 88.46%
Other Long-Term Liabilities $1.581M $1.658M $6.190M
YoY Change -20.51% -14.23% -60.52%
Total Long-Term Liabilities $1.581M $1.658M $6.288M
YoY Change -20.51% -14.23% -60.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $83.36M $87.56M $87.56M
Total Long-Term Liabilities $1.581M $1.658M $6.288M
Total Liabilities $95.02M $97.60M $97.60M
YoY Change 5.18% -13.87% -13.87%
SHAREHOLDERS EQUITY
Retained Earnings $955.0M $952.7M
YoY Change -0.34% -2.09%
Common Stock $93.37M $90.79M
YoY Change 12.32% 12.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $880.4M $874.9M $874.9M
YoY Change
Total Liabilities & Shareholders Equity $975.4M $972.5M $972.5M
YoY Change -0.28% -3.75% -3.75%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $2.311M -$259.0K $443.0K
YoY Change -125.86% -99.59% -100.35%
Depreciation, Depletion And Amortization $6.889M $7.069M $29.42M
YoY Change -8.86% -8.47% -3.16%
Cash From Operating Activities -$52.92M -$17.60M -$36.77M
YoY Change 384.26% -475.35% -195.69%
INVESTING ACTIVITIES
Capital Expenditures $5.424M $5.154M $18.87M
YoY Change 162.54% -349.95% 88.85%
Acquisitions $0.00
YoY Change
Other Investing Activities $28.77M -$4.487M -$11.24M
YoY Change 13732.21% -649.88% -265.69%
Cash From Investing Activities $23.35M -$9.641M -$30.11M
YoY Change -1356.57% 673.76% 838.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.81M
YoY Change -13.99%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.00K -9.000K -20.89M
YoY Change -99.81% -99.96% -14.03%
NET CHANGE
Cash From Operating Activities -52.92M -17.60M -36.77M
Cash From Investing Activities 23.35M -9.641M -30.11M
Cash From Financing Activities -11.00K -9.000K -20.89M
Net Change In Cash -29.46M -27.25M -90.65M
YoY Change 68.9% 38.97% -1054.58%
FREE CASH FLOW
Cash From Operating Activities -$52.92M -$17.60M -$36.77M
Capital Expenditures $5.424M $5.154M $18.87M
Free Cash Flow -$58.34M -$22.76M -$55.64M
YoY Change 349.01% -437.06% -295.64%

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90450000
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
80254000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
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952732000
CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
973087000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-168609000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-156585000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
874916000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
897108000
CY2021 us-gaap Payments For Repurchase Of Common Stock
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24191000
CY2020 us-gaap Payments For Repurchase Of Common Stock
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25000000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
972515000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1010426000
CY2022 us-gaap Net Income Loss
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443000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-127996000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-30768000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29421000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30381000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32389000
CY2022 us-gaap Share Based Compensation
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10363000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
14895000
CY2020 us-gaap Share Based Compensation
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12914000
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
7719000
CY2022 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
7829000
CY2021 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
75214000
CY2020 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
35380000
CY2022 us-gaap Gain Loss On Disposition Of Assets
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20019000
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4482000
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
587000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6401000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8701000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4950000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8420000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13469000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9522000
CY2022 drq Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
43077000
CY2021 drq Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
-37721000
CY2020 drq Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
-216000
CY2022 us-gaap Increase Decrease In Inventories
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1151000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5482000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
28290000
CY2022 us-gaap Increase Decrease In Other Operating Assets
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14466000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-10650000
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
24930000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-20768000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3015000
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-20387000
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-167000
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-256000
CY2020 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-172000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-36771000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38428000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21088000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18866000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9990000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11943000
CY2022 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
20993000
CY2021 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
6783000
CY2020 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
6315000
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
32232000
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30105000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5628000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20807000
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-83000
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-109000
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-183000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20890000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24300000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25183000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2881000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1425000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1092000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-90647000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9496000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-52991000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
355451000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
345955000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
398946000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
264804000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
355451000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
345955000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1090701000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-6148000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-30768000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-36916000
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
808389
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-25000000
CY2020 drq Shares With Held For Payment Of Employee Payroll Taxes
SharesWithHeldForPaymentOfEmployeePayrollTaxes
-171000
CY2020 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
12914000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1041528000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-6874000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-127996000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-134870000
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1109187
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-24191000
CY2021 drq Shares With Held For Payment Of Employee Payroll Taxes
SharesWithHeldForPaymentOfEmployeePayrollTaxes
-254000
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
14895000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
897108000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-12024000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
443000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11581000
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
888197
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-20807000
CY2022 drq Shares With Held For Payment Of Employee Payroll Taxes
SharesWithHeldForPaymentOfEmployeePayrollTaxes
-167000
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
10363000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
874916000
CY2022 drq Number Of Geographic Segments
NumberOfGeographicSegments
3
CY2022 drq Number Of Head Quarter Locations
NumberOfHeadQuarterLocations
3
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:4.4%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Reclassifications.</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> We reclassified approximately $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">9.6</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million of prepaid expenses for the year ended December 31, 2021 from 'Prepaids and other current assets' to 'Prepaid expenses'. This reclassification to the prior period was made to conform to the current period presentation and did not have an impact on our Consolidated Statements of Income (Loss), Consolidated Balance Sheets, Consolidated Statements of Comprehensive Income (Loss), Consolidated Statements of Stockholders’ Equity and Consolidated Statements of Cash Flows.</span></p>
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
9600000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:2.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.44%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets as of the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Some of the Company’s more significant estimates are those affected by critical accounting policies for revenue recognition and slow moving and excess inventories.</span></p>
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7700000
CY2022 drq Number Of Projects
NumberOfProjects
79
CY2022 drq Percentage Of Cumulative Revenue
PercentageOfCumulativeRevenue
0.347
CY2022 drq Percentage Of Product Revenue
PercentageOfProductRevenue
0.521
CY2021 drq Number Of Projects
NumberOfProjects
54
CY2021 drq Percentage Of Cumulative Revenue
PercentageOfCumulativeRevenue
0.217
CY2021 drq Percentage Of Product Revenue
PercentageOfProductRevenue
0.327
CY2022 us-gaap-supplement Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
3000000.0
CY2021 us-gaap-supplement Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
-700000
CY2020 us-gaap-supplement Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
-1900000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:2.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="text-indent:4.44%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Financial instruments which subject the Company to concentrations of credit risk primarily include trade receivables. The Company grants credit to its customers, which operate primarily in the oil and gas industry. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. The Company maintains reserves for potential losses, and actual losses have historically been within management’s expectations.</span></p><p style="text-indent:4.44%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">In addition, the Company invests excess cash in interest bearing accounts, money market mutual funds and funds which invest in obligations of the U.S. Treasury and repurchase agreements backed by U.S. Treasury obligations. Changes in the financial markets and interest rates could affect the interest earned on short-term investments.</span></p>
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
320037000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
287903000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
334411000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
97716000
CY2022 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
139456000
CY2022 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
98580000
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
138592000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
75100000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.797
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.203
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
410850000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
419834000
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
29995000
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
27398000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
41700000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
28361000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
150170000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
218946000
CY2022Q4 us-gaap Inventory Gross
InventoryGross
221865000
CY2021Q4 us-gaap Inventory Gross
InventoryGross
274705000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
75861000
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
128981000
CY2022Q4 us-gaap Inventory Net
InventoryNet
146004000
CY2021Q4 us-gaap Inventory Net
InventoryNet
145724000
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
19400000
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3200000
CY2022Q4 drq Property Plant And Equipment Less Accumulated Depreciation
PropertyPlantAndEquipmentLessAccumulatedDepreciation
151450000
CY2021Q4 drq Property Plant And Equipment Less Accumulated Depreciation
PropertyPlantAndEquipmentLessAccumulatedDepreciation
192572000
CY2022 us-gaap Depreciation
Depreciation
26600000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
181270000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
216200000
CY2021 us-gaap Depreciation
Depreciation
27200000
CY2020 us-gaap Depreciation
Depreciation
28700000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
0
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
66910000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
17272000
CY2022 us-gaap Severance Costs1
SeveranceCosts1
951000
CY2021 us-gaap Severance Costs1
SeveranceCosts1
3760000
CY2020 us-gaap Severance Costs1
SeveranceCosts1
8462000
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5678000
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4240000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
8269000
CY2022 us-gaap Other Restructuring Costs
OtherRestructuringCosts
4814000
CY2021 us-gaap Other Restructuring Costs
OtherRestructuringCosts
4023000
CY2020 us-gaap Other Restructuring Costs
OtherRestructuringCosts
1377000
CY2022 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
11443000
CY2021 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
78933000
CY2020 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
35380000
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
4000000
CY2022 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
5765000
CY2022 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-5968000
CY2022 drq Accrued Restructuring And Other Charges
AccruedRestructuringAndOtherCharges
5000
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
3802000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
40499000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16826000
CY2022Q4 drq Finite Lived Intangible Assets Accumulated Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsAccumulatedForeignCurrencyTranslationGainLoss
-325000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23348000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
40578000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14068000
CY2021Q4 drq Finite Lived Intangible Assets Accumulated Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsAccumulatedForeignCurrencyTranslationGainLoss
-64000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26446000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2800000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000.0
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000.0
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2800000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2700000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2700000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2700000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2500000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
600000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4872000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5258000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
132000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
164000
CY2022Q4 drq Operating Lease And Finance Lease Right Of Use Asset Net
OperatingLeaseAndFinanceLeaseRightOfUseAssetNet
5004000
CY2021Q4 drq Operating Lease And Finance Lease Right Of Use Asset Net
OperatingLeaseAndFinanceLeaseRightOfUseAssetNet
5422000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1054000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1046000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
43000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
127000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3807000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4170000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
98000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
52000
CY2022Q4 drq Operating And Finance Lease Liability Net
OperatingAndFinanceLeaseLiabilityNet
5002000
CY2021Q4 drq Operating And Finance Lease Liability Net
OperatingAndFinanceLeaseLiabilityNet
5395000
CY2022 us-gaap Lease Cost
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2628000
CY2021 us-gaap Lease Cost
LeaseCost
3071000
CY2020 us-gaap Lease Cost
LeaseCost
3990000
CY2022 drq Operating Leases Rent Expense Net1
OperatingLeasesRentExpenseNet1
2500000
CY2021 drq Operating Leases Rent Expense Net1
OperatingLeasesRentExpenseNet1
2900000
CY2020 drq Operating Leases Rent Expense Net1
OperatingLeasesRentExpenseNet1
3800000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1241000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
48000
CY2021Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1289000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
721000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
43000
CY2021Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearTwo
764000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
510000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
24000
CY2021Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Three
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearThree
534000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
478000
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
35000
CY2021Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFour
513000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
478000
CY2021Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFive
478000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2820000
CY2021Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year After Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearAfterYearFive
2820000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6248000
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
150000
CY2021Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDue
6398000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1387000
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
9000
CY2021Q4 drq Lessee Operating Lease And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseAndFinanceLeaseLiabilityUndiscountedExcessAmount
1396000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4861000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
141000
CY2021Q4 drq Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
5002000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P10Y8M12D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P3Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.051
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1949000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1591000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1615000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
11000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
59000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
16000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
83000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
109000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
183000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
10353000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
14007000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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6770000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-125050000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-62049000
CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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833000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8635000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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2.3401
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.2187
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.2826
CY2020 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11412000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-36298000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-289000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-56000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
6613000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 drq Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
6324000
CY2021 drq Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
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CY2020 drq Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
5017000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6327000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2946000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 drq Effective Income Tax Reconciliation Cares Act Nol Rate Differential
EffectiveIncomeTaxReconciliationCaresActNolRateDifferential
0
CY2021 drq Effective Income Tax Reconciliation Cares Act Nol Rate Differential
EffectiveIncomeTaxReconciliationCaresActNolRateDifferential
0
CY2020 drq Effective Income Tax Reconciliation Cares Act Nol Rate Differential
EffectiveIncomeTaxReconciliationCaresActNolRateDifferential
0.3260
CY2022 drq Effective Income Tax Rate Reconciliation Change In Withholding Tax Reserve
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CY2021 drq Effective Income Tax Rate Reconciliation Change In Withholding Tax Reserve
EffectiveIncomeTaxRateReconciliationChangeInWithholdingTaxReserve
0.0079
CY2020 drq Effective Income Tax Rate Reconciliation Change In Withholding Tax Reserve
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.2189
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 drq Effective Income Tax Rate Reconciliation Tax Credit Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditForeign
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CY2021 drq Effective Income Tax Rate Reconciliation Tax Credit Foreign
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CY2020 drq Effective Income Tax Rate Reconciliation Tax Credit Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditForeign
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.0242
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Foreign
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0.5741
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Foreign
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Foreign
EffectiveIncomeTaxRateReconciliationTaxContingenciesForeign
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Deductions
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CY2022 drq Effective Tax Rate Reconciliation Changes To Previous Years Accruals
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0.2609
CY2021 drq Effective Tax Rate Reconciliation Changes To Previous Years Accruals
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CY2020 drq Effective Tax Rate Reconciliation Changes To Previous Years Accruals
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CY2022 drq Effective Income Tax Rate Reconciliation Deferred Rate Change
EffectiveIncomeTaxRateReconciliationDeferredRateChange
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CY2021 drq Effective Income Tax Rate Reconciliation Deferred Rate Change
EffectiveIncomeTaxRateReconciliationDeferredRateChange
0.0011
CY2020 drq Effective Income Tax Rate Reconciliation Deferred Rate Change
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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CY2022 drq Effective Income Tax Rate Reconciliation Interest On Equity Percent
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CY2021Q4 us-gaap Deferred Tax Liabilities Other
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586000
CY2021 drq Effective Income Tax Rate Reconciliation Interest On Equity Percent
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CY2022 drq Effective Income Tax Rate Reconciliation Tax Credit
EffectiveIncomeTaxRateReconciliationTaxCredit
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CY2021 drq Effective Income Tax Rate Reconciliation Tax Credit
EffectiveIncomeTaxRateReconciliationTaxCredit
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CY2020 drq Effective Income Tax Rate Reconciliation Tax Credit
EffectiveIncomeTaxRateReconciliationTaxCredit
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CY2022 drq Effective Income Tax Rate Reconciliation Branch Income Tax Rate Differential
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CY2021 drq Effective Income Tax Rate Reconciliation Branch Income Tax Rate Differential
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CY2020 drq Effective Income Tax Rate Reconciliation Branch Income Tax Rate Differential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
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CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
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CY2022Q4 us-gaap Deferred Tax Assets Inventory
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CY2021Q4 us-gaap Deferred Tax Assets Inventory
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2022Q4 drq Deferred Tax Asset Stock Options And Awards
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904000
CY2021Q4 drq Deferred Tax Asset Stock Options And Awards
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868000
CY2022Q4 drq Deferred Tax Assets Unrealized Gains Losses
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810000
CY2021Q4 drq Deferred Tax Assets Unrealized Gains Losses
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1217000
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
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CY2021Q4 us-gaap Deferred Tax Asset Interest Carryforward
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CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
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3282000
CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
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0
CY2022Q4 us-gaap Deferred Tax Assets Other
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820000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
221000
CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2021Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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CY2022Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
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CY2021Q4 us-gaap Deferred Tax Liabilities Tax Deferred Income
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CY2022Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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7456000
CY2021Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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CY2022Q4 us-gaap Deferred Tax Liabilities Other
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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17600000
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2022Q4 us-gaap Operating Loss Carryforwards
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CY2022Q4 us-gaap Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18665000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18665000
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 drq Unrecognized Tax Benefits Increase Decreases Resulting From Prior Period Tax Positions
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CY2021 drq Unrecognized Tax Benefits Increase Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreasesResultingFromPriorPeriodTaxPositions
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CY2020 drq Unrecognized Tax Benefits Increase Decreases Resulting From Prior Period Tax Positions
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CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
631000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18618000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18665000
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
200000
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2400000
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2100000
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
600000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1300000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000000.0
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18200000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4357000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
4341000
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
5911000
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1289000
CY2021Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1450000
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
2521000
CY2021Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
3621000
CY2022Q4 drq Accrued Restructuring Costs
AccruedRestructuringCosts
2812000
CY2021Q4 drq Accrued Restructuring Costs
AccruedRestructuringCosts
3000000
CY2022Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
990000
CY2021Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
1001000
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
5500000
CY2021Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
5700000
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
2988000
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3204000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
24798000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37246000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2800000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1000000.0
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2500000
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5400000
CY2022 drq Amount To Maintain Cash Collateral Account For Letters Of Credit
AmountToMaintainCashCollateralAccountForLettersOfCredit
outstanding letters of credit plus 5% at all times
CY2022 us-gaap Revenues
Revenues
362070000
CY2021 us-gaap Revenues
Revenues
322945000
CY2020 us-gaap Revenues
Revenues
364973000
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
219927000
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
264877000
CY2022Q4 us-gaap Assets
Assets
972515000
CY2021Q4 us-gaap Assets
Assets
1010426000
CY2022 drq Number Of Geographic Segments
NumberOfGeographicSegments
3
CY2022 drq Number Of Head Quarter Locations
NumberOfHeadQuarterLocations
3
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.62
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.87
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
465035
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
25.48
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
371190
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.82
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
221964
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
26.80
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
34457
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
24.23
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
579804
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
23.34
CY2022 drq Share Based Compensation Arrangement By Share Based Payment Award Number Of Securities To Be Issued Upon Exercise Of Outstanding Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSecuritiesToBeIssuedUponExerciseOfOutstandingOptions
331820
CY2022Q4 drq Outstanding Stock Options Weighted Average Exercise Price
OutstandingStockOptionsWeightedAverageExercisePrice
26.61
CY2022 drq Share Based Compensation Arrangement By Share Based Payment Award Number Of Securities Remaining Available For Future Issuance Under Equity Compensation Plan
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSecuritiesRemainingAvailableForFutureIssuanceUnderEquityCompensationPlan
1046110
CY2022 drq Percentage Of Achievement Of Performance Conditions
PercentageOfAchievementOfPerformanceConditions
1
CY2022 us-gaap Net Income Loss
NetIncomeLoss
443000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-127996000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-30768000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34237000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35331000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35260000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
230000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34467000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35331000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35260000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.62
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.87

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