2024 Q1 Form 10-K Financial Statement

#000095017024020662 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $110.3M $126.3M $424.1M
YoY Change 21.39% 30.5% 17.12%
Cost Of Revenue $78.42M $91.69M $308.5M
YoY Change 19.72% 37.74% 16.01%
Gross Profit $31.88M $34.66M $115.6M
YoY Change 25.69% 14.58% 20.2%
Gross Profit Margin 28.9% 27.43% 27.25%
Selling, General & Admin $29.99M $29.83M $101.5M
YoY Change 32.79% 10.94% 7.76%
% of Gross Profit 94.08% 86.06% 87.85%
Research & Development $3.738M $2.987M $12.65M
YoY Change 9.97% 10.67% 7.74%
% of Gross Profit 11.73% 8.62% 10.95%
Depreciation & Amortization $8.432M $8.487M $30.32M
YoY Change 22.4% 20.06% 3.07%
% of Gross Profit 26.45% 24.49% 26.24%
Operating Expenses $29.99M $30.53M $101.5M
YoY Change 32.79% 3.2% 7.76%
Operating Profit -$18.80M $4.127M $5.280M
YoY Change -689.77% 521.54% 109.44%
Interest Expense $4.091M $1.067M $10.74M
YoY Change 5013.75% -31.6% 4870.83%
% of Operating Profit 25.85% 203.35%
Other Income/Expense, Net
YoY Change
Pretax Income -$16.61M $5.707M $13.47M
YoY Change -379.8% 466.73% 98.94%
Income Tax $3.378M $3.863M $12.86M
% Of Pretax Income 67.69% 95.52%
Net Earnings -$19.98M $1.844M $604.0K
YoY Change -964.73% -811.97% 36.34%
Net Earnings / Revenue -18.12% 1.46% 0.14%
Basic Earnings Per Share -$0.58 $0.02
Diluted Earnings Per Share -$0.58 $0.05 $0.02
COMMON SHARES
Basic Shares Outstanding 34.41M 34.18M 34.17M
Diluted Shares Outstanding 34.42M 34.47M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $202.2M $213.2M $213.2M
YoY Change -20.47% -28.21% -28.21%
Cash & Equivalents $198.2M $187.3M $187.3M
Short-Term Investments $4.016M $25.91M $25.91M
Other Short-Term Assets $8.285M $9.699M $27.90M
YoY Change -77.09% -71.77% -62.11%
Inventory $209.2M $194.6M $194.6M
Prepaid Expenses $13.13M $14.12M
Receivables $137.1M $135.6M $284.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $715.1M $719.7M $719.7M
YoY Change -4.91% -4.37% -4.37%
LONG-TERM ASSETS
Property, Plant & Equipment $215.3M $217.6M $235.1M
YoY Change 17.45% 20.06% 26.19%
Goodwill $16.30M $16.70M
YoY Change
Intangibles $40.25M $41.94M
YoY Change 77.37% 79.63%
Long-Term Investments $20.03M
YoY Change
Other Assets $8.064M $6.906M $14.81M
YoY Change 31.46% 16.09% 43.71%
Total Long-Term Assets $305.9M $308.5M $308.5M
YoY Change 36.99% 40.26% 40.26%
TOTAL ASSETS
Total Short-Term Assets $715.1M $719.7M $719.7M
Total Long-Term Assets $305.9M $308.5M $308.5M
Total Assets $1.021B $1.028B $1.028B
YoY Change 4.68% 5.72% 5.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.91M $65.70M $65.70M
YoY Change 33.24% 52.71% 52.71%
Accrued Expenses $56.75M $38.48M $37.98M
YoY Change 144.59% 21.59% 25.26%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $188.0K
YoY Change 337.21%
Total Short-Term Liabilities $133.6M $117.7M $117.7M
YoY Change 60.22% 34.43% 34.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $915.0K
YoY Change 833.67%
Other Long-Term Liabilities $4.852M $3.754M $17.74M
YoY Change 206.89% 126.42% 186.58%
Total Long-Term Liabilities $4.852M $3.754M $18.65M
YoY Change 206.89% 126.42% 196.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $133.6M $117.7M $117.7M
Total Long-Term Liabilities $4.852M $3.754M $18.65M
Total Liabilities $163.7M $146.9M $146.9M
YoY Change 72.25% 50.54% 50.54%
SHAREHOLDERS EQUITY
Retained Earnings $930.8M $950.7M
YoY Change -2.54% -0.21%
Common Stock $103.4M $100.6M
YoY Change 10.71% 10.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $857.4M $881.3M $881.3M
YoY Change
Total Liabilities & Shareholders Equity $1.021B $1.028B $1.028B
YoY Change 4.68% 5.72% 5.72%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$19.98M $1.844M $604.0K
YoY Change -964.73% -811.97% 36.34%
Depreciation, Depletion And Amortization $8.432M $8.487M $30.32M
YoY Change 22.4% 20.06% 3.07%
Cash From Operating Activities -$4.104M $26.13M $7.727M
YoY Change -92.24% -248.44% -121.01%
INVESTING ACTIVITIES
Capital Expenditures $4.757M $11.58M $32.63M
YoY Change -12.3% 124.78% 72.94%
Acquisitions $82.29M
YoY Change
Other Investing Activities $22.27M -$5.512M -$47.19M
YoY Change -22.61% 22.84% 319.85%
Cash From Investing Activities $17.51M -$17.10M -$79.81M
YoY Change -25.0% 77.34% 165.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -297.0K -83.00K -124.0K
YoY Change 2600.0% 822.22% -99.41%
NET CHANGE
Cash From Operating Activities -4.104M 26.13M 7.727M
Cash From Investing Activities 17.51M -17.10M -79.81M
Cash From Financing Activities -297.0K -83.00K -124.0K
Net Change In Cash 10.90M 8.951M -73.40M
YoY Change -137.0% -132.84% -19.02%
FREE CASH FLOW
Cash From Operating Activities -$4.104M $26.13M $7.727M
Capital Expenditures $4.757M $11.58M $32.63M
Free Cash Flow -$8.861M $14.55M -$24.90M
YoY Change -84.81% -163.92% -55.25%

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CY2022Q4 us-gaap Common Stock Shares Outstanding
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CY2023Q4 us-gaap Common Stock Value
CommonStockValue
343000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
343000
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
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100289000
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
90450000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
950719000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
950168000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-170091000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-168609000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
881260000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
872352000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1028181000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
969951000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
604000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1624000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-128493000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30324000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29421000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30381000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
10892000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
10363000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
14895000
CY2023 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
-2042000
CY2022 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
7829000
CY2021 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
75214000
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
8754000
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
20019000
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4482000
CY2023 drq Business Acqusition Cost Under Operating Activities
BusinessAcqusitionCostUnderOperatingActivities
3381000
CY2022 drq Business Acqusition Cost Under Operating Activities
BusinessAcqusitionCostUnderOperatingActivities
0
CY2021 drq Business Acqusition Cost Under Operating Activities
BusinessAcqusitionCostUnderOperatingActivities
0
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2867000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6401000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8701000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25839000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8566000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13966000
CY2023 drq Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
3245000
CY2022 drq Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
43077000
CY2021 drq Increase Decrease In Unbilled Receivable
IncreaseDecreaseInUnbilledReceivable
-37721000
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
28635000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1151000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5482000
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-30751000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
12545000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-10650000
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4210000
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
CY2023 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1053000
CY2022 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-167000
CY2021 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-256000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7727000
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
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32626000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18866000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9990000
CY2023 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
28776000
CY2022 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
20993000
CY2021 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
6783000
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
82287000
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
48866000
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
32232000
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
55190000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
0
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
0
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-79813000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-30105000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3207000
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20807000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24191000
CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-124000
CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-83000
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-109000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-124000
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
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1194000
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
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-73404000
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
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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191400000
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 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
-128493000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-135367000
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
896611000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-12024000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1624000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13648000
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
872352000
CY2023 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-1535000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
604000
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-931000
CY2023 drq Shares With Held For Payment Of Employee Payroll Taxes
SharesWithHeldForPaymentOfEmployeePayrollTaxes
-1053000
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
10892000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
881260000
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023Q1 drq Number Of Geographic Segments
NumberOfGeographicSegments
3
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:4.4%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications</span></p><p style="text-indent:6.667%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">We reclassified approximately $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">5.5</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million of accrued bonus related to our short-term incentive plan for the year ended December 31, 2022, from other accrued liabilities to accrued compensation to conform to our current year presentation. </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">These reclassifications to the prior period were 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>
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
5500000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:2.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.44%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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 as of the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Some of the Company’s more significant estimates are those affected by critical accounting policies for revenue recognition and asset recoverability tests and inventories.</span></p>
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
4100000
CY2023 drq Amount To Maintain Cash Collateral Account For Letters Of Credit
AmountToMaintainCashCollateralAccountForLettersOfCredit
the outstanding letters of credit plus 5% at all times
CY2023Q4 drq Accounts Receivable Reduced Amount
AccountsReceivableReducedAmount
6500000
CY2022Q4 drq Accounts Receivable Reduced Amount
AccountsReceivableReducedAmount
5000000
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
66200000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
75900000
CY2023 drq Number Of Projects
NumberOfProjects
75
CY2023 drq Percentage Of Cumulative Revenue
PercentageOfCumulativeRevenue
0.255
CY2023 drq Percentage Of Product Revenue
PercentageOfProductRevenue
0.40
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
CY2023 us-gaap Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
2000000
CY2022 us-gaap Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
3000000
CY2021 us-gaap Foreign Currency Transaction Gain Loss After Tax
ForeignCurrencyTransactionGainLossAfterTax
700000
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:2.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="text-indent:4.44%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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>
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
35200000
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
2700000
CY2023 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
6500000
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1208000
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
0
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1208000
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
0
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
3571000
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
0
CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
0
CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0
CY2023 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
-2341000
CY2022 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
0
CY2021 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
0
CY2023 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-22000
CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
0
CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
0
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1208000
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
90861000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
32438000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
750024000
CY2022Q4 us-gaap Assets
Assets
969951000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
872352000
CY2022 us-gaap Revenues
Revenues
361924000
CY2022 drq Restructuring And Other Charges
RestructuringAndOtherCharges
13364000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
454000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4703000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1624000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
100490000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
745052000
CY2021Q4 us-gaap Assets
Assets
1009929000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
896611000
CY2021 us-gaap Revenues
Revenues
322448000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-125335000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-125547000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-128493000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.63
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.63
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
144428000
CY2023 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
417248000
CY2023 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
413247000
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
148429000
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
43000000
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.986
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.014
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
34950000
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
21956000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
33911000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
38263000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
125732000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
85785000
CY2023Q4 us-gaap Inventory Net
InventoryNet
194593000
CY2022Q4 us-gaap Inventory Net
InventoryNet
146004000
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
0
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
0
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
66910000
CY2023 us-gaap Severance Costs1
SeveranceCosts1
374000
CY2022 us-gaap Severance Costs1
SeveranceCosts1
951000
CY2021 us-gaap Severance Costs1
SeveranceCosts1
3760000
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5678000
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4240000
CY2023 us-gaap Other Restructuring Costs
OtherRestructuringCosts
2871000
CY2022 us-gaap Other Restructuring Costs
OtherRestructuringCosts
6735000
CY2021 us-gaap Other Restructuring Costs
OtherRestructuringCosts
4023000
CY2023 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3245000
CY2022 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
13364000
CY2021 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
78933000
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
3802000
CY2023 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
0
CY2023 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-645000
CY2023 drq Accrued Restructuring And Other Charges
AccruedRestructuringAndOtherCharges
2527000
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
630000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
43000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14554000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
622003000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
562300000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
439776000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
410850000
CY2023Q4 drq Property Plant And Equipment Less Accumulated Depreciation
PropertyPlantAndEquipmentLessAccumulatedDepreciation
182227000
CY2022Q4 drq Property Plant And Equipment Less Accumulated Depreciation
PropertyPlantAndEquipmentLessAccumulatedDepreciation
151450000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
217631000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
181270000
CY2023 us-gaap Depreciation
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26700000
CY2022 us-gaap Depreciation
Depreciation
26600000
CY2021 us-gaap Depreciation
Depreciation
27200000
CY2022Q4 us-gaap Goodwill
Goodwill
0
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16800000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-100000
CY2023Q4 us-gaap Goodwill
Goodwill
16700000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
62231000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20269000
CY2023Q4 drq Finite Lived Intangible Assets Accumulated Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsAccumulatedForeignCurrencyTranslationGainLoss
-21000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
41941000
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
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3600000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2800000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4900000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4800000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4800000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4600000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4600000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
1700000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
600000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16343000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4872000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1086000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
132000
CY2023Q4 drq Operating Lease And Finance Lease Right Of Use Asset Net
OperatingLeaseAndFinanceLeaseRightOfUseAssetNet
17429000
CY2022Q4 drq Operating Lease And Finance Lease Right Of Use Asset Net
OperatingLeaseAndFinanceLeaseRightOfUseAssetNet
5004000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2118000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1054000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
188000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3807000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
915000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
98000
CY2023Q4 drq Operating And Finance Lease Liability Net
OperatingAndFinanceLeaseLiabilityNet
17775000
CY2022Q4 drq Operating And Finance Lease Liability Net
OperatingAndFinanceLeaseLiabilityNet
5002000
CY2023 us-gaap Lease Cost
LeaseCost
4541000
CY2022 us-gaap Lease Cost
LeaseCost
2628000
CY2021 us-gaap Lease Cost
LeaseCost
3071000
CY2023 drq Operating Leases Rent Expense Net1
OperatingLeasesRentExpenseNet1
4400000
CY2022 drq Operating Leases Rent Expense Net1
OperatingLeasesRentExpenseNet1
2500000
CY2021 drq Operating Leases Rent Expense Net1
OperatingLeasesRentExpenseNet1
2900000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2993000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
363000
CY2023Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3356000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2789000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
341000
CY2023Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Two
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearTwo
3130000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2547000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
345000
CY2023Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Three
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearThree
2892000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2450000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
214000
CY2023Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Four
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFour
2664000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2119000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0
CY2023Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearFive
2119000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
11169000
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0
CY2023Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due Year After Year Five
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDueYearAfterYearFive
11169000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
24067000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1263000
CY2023Q4 drq Lessee Operating Lease And Finance Lease Liability Payments Due
LesseeOperatingLeaseAndFinanceLeaseLiabilityPaymentsDue
25330000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7395000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
160000
CY2023Q4 drq Lessee Operating Lease And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseAndFinanceLeaseLiabilityUndiscountedExcessAmount
7555000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16672000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1103000
CY2023Q4 drq Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
17775000
CY2022 drq Number Of Major Customers
NumberOfMajorCustomers
15
CY2021 drq Number Of Major Customers
NumberOfMajorCustomers
15
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12864000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6327000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2946000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023 drq Effective Income Tax Rate Reconciliation Change In Withholding Tax Reserve
EffectiveIncomeTaxRateReconciliationChangeInWithholdingTaxReserve
0.0386
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y10M24D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.089
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
2356000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1949000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1591000
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
42000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
11000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
59000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
124000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
83000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
109000
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2023 us-gaap Revenues
Revenues
424060000
CY2022 us-gaap Revenues
Revenues
361924000
CY2021 us-gaap Revenues
Revenues
322448000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30324000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29421000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30381000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
5280000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
454000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-125335000
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
308464000
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
219927000
CY2023Q4 us-gaap Assets
Assets
1028181000
CY2022Q4 us-gaap Assets
Assets
969951000
CY2023 drq Number Of Major Customers
NumberOfMajorCustomers
15
CY2022 drq Effective Income Tax Rate Reconciliation Change In Withholding Tax Reserve
EffectiveIncomeTaxRateReconciliationChangeInWithholdingTaxReserve
-0.0452
CY2021 drq Effective Income Tax Rate Reconciliation Change In Withholding Tax Reserve
EffectiveIncomeTaxRateReconciliationChangeInWithholdingTaxReserve
0.0079
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.0737
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-15464000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-33082000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-135403000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
28932000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
37785000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
9856000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13468000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4703000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-125547000
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-451000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-8632000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
833000
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
15992000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8635000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10579000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15541000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11412000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
343000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-289000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-56000
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3020000
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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CY2023 drq Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
-2677000
CY2022 drq Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
6324000
CY2021 drq Deferred Income Tax Expense Benefits
DeferredIncomeTaxExpenseBenefits
-8466000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.3151
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2023 drq Effective Income Tax Rate Reconciliation Tax Credit Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditForeign
-0.0106
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
EffectiveIncomeTaxRateReconciliationTaxCreditForeign
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Foreign
EffectiveIncomeTaxRateReconciliationTaxContingenciesForeign
0.0616
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Foreign
EffectiveIncomeTaxRateReconciliationTaxContingenciesForeign
0.8263
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Foreign
EffectiveIncomeTaxRateReconciliationTaxContingenciesForeign
-0.0115
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.2188
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.3872
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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3.3685
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 drq Effective Tax Rate Reconciliation Changes To Previous Years Accruals
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CY2022 drq Effective Tax Rate Reconciliation Changes To Previous Years Accruals
EffectiveTaxRateReconciliationChangesToPreviousYearsAccruals
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CY2021 drq Effective Tax Rate Reconciliation Changes To Previous Years Accruals
EffectiveTaxRateReconciliationChangesToPreviousYearsAccruals
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CY2023 drq Effective Income Tax Rate Reconciliation Deferred Rate Change
EffectiveIncomeTaxRateReconciliationDeferredRateChange
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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
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
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CY2023 drq Effective Income Tax Rate Reconciliation Interest On Equity Percent
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0
CY2022 drq Effective Income Tax Rate Reconciliation Interest On Equity Percent
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CY2021 drq Effective Income Tax Rate Reconciliation Interest On Equity Percent
EffectiveIncomeTaxRateReconciliationInterestOnEquityPercent
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CY2023 drq Effective Income Tax Rate Reconciliation Tax Credit
EffectiveIncomeTaxRateReconciliationTaxCredit
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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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CY2023 drq Effective Income Tax Rate Reconciliation Branch Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationBranchIncomeTaxRateDifferential
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CY2022 drq Effective Income Tax Rate Reconciliation Branch Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationBranchIncomeTaxRateDifferential
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CY2021 drq Effective Income Tax Rate Reconciliation Branch Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationBranchIncomeTaxRateDifferential
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.9551
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.3453
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
19179000
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
17577000
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
DeferredTaxAssetsTaxCreditCarryforwardsGeneralBusiness
8008000
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
DeferredTaxAssetsTaxCreditCarryforwardsGeneralBusiness
7053000
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
11156000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
9564000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
29321000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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