0000950170-24-118930 | 10-Q | XBRL Viewer | Superior Energy Services INC

Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

(6) Property, Plant and Equipment, Net

A summary of property, plant and equipment, net is as follows:


	September 30, 2024			December 31, 2023
Machinery and equipment	$	468,171		$	422,071
Buildings, improvements and leasehold improvements		63,592			66,746
Vehicles		8,768			8,106
Furniture and fixtures		21,432			22,746
Construction-in-progress		19,484			8,195
Land		30,182			25,654
Oil and gas producing assets		30,706			28,984
Total		642,335			582,502
Accumulated depreciation and depletion		(336,050	)		(287,542	)
Property, plant and equipment, net	$	306,285		$	294,960

A summary of depreciation and depletion expense associated with our property, plant and equipment is as follows (in millions):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Depreciation	$	16.4	$	17.0	$	48.9	$	51.5
Depletion		1.9		0.6		5.1		1.7
Total depreciation and depletion	$	18.3	$	17.6	$	54.0	$	53.2

Contingencies	9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	(15) Contingencies Due to the nature of our business, we are involved, from time to time, in various routine litigation or subject to disputes or claims or actions, including those commercial in nature, regarding our business activities in the ordinary course of business. Legal costs related to these matters are expensed as incurred. Management is of the opinion that none of the claims and actions will have a material adverse impact on our financial position, results of operations or cash flows. As previously reported, we are currently involved in legal proceedings with the Washington State Department of Revenue in relation to a dispute arising in April 2019 pertaining to a use tax assessment from 2016 as a result of the construction of a vessel by one of our subsidiaries. The matter was appealed to the Washington State Board of Tax Appeals, which affirmed the assessment on May 22, 2023. We appealed this decision to Whatcom County Superior Court where it is currently pending review and is schedule for a hearing on February 28, 2025. In order to appeal the assessment to Whatcom County Superior Court, we paid the full $27.1 million assessment on May 31, 2023.

Contingencies

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Contingencies

(15) Contingencies

Due to the nature of our business, we are involved, from time to time, in various routine litigation or subject to disputes or claims or actions, including those commercial in nature, regarding our business activities in the ordinary course of business. Legal costs related to these matters are expensed as incurred. Management is of the opinion that none of the claims and actions will have a material adverse impact on our financial position, results of operations or cash flows.

As previously reported, we are currently involved in legal proceedings with the Washington State Department of Revenue in relation to a dispute arising in April 2019 pertaining to a use tax assessment from 2016 as a result of the construction of a vessel by one of our subsidiaries. The matter was appealed to the Washington State Board of Tax Appeals, which affirmed the assessment on May 22, 2023. We appealed this decision to Whatcom County Superior Court where it is currently pending review and is schedule for a hearing on February 28, 2025. In order to appeal the assessment to Whatcom County Superior Court, we paid the full $27.1 million assessment on May 31, 2023.

Blue Chip Swap Securities (Schedule of Blue Chip Securities Activity) (Details) $ in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 ARS ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Proceeds from Sale, Maturity and Collection of Investments [Abstract]
ARS Repatriated			$ 12,071.9
U.S. Dollar Equivalent				$ 13,200
U.S Dollar Received				8,121	$ 9,656
Loss on Blue Chip Swap securities	$ (5,113)	$ (12,120)		$ (5,113)	$ (12,120)

Stock-Based Compensation Plans - Compensation Expense Associated with MIP Grants (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Management Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation Expense	$ 0.9	$ 1.0	$ 2.4	$ 3.1

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (Unaudited)	9 Months Ended
	Sep. 30, 2024 $ / shares
Statement of Stockholders' Equity [Abstract]
Cash dividends ($12.38 per share)	$ 12.38

Stock-Based Compensation Plans

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation Plans

(12) Stock-Based Compensation Plans

In the third quarter of 2024, we entered into an amended Management Incentive Plan (“MIP”), which provides the issuance of up to 5,096,715 shares of our Class A common stock, par value $0.01 per share (the “Class A Common Stock”) for the grant of share-based and cash-based awards.

Restricted Stock Awards ("RSAs") and Restricted Stock Units ("RSUs")

The following sets forth issuances under the MIP for the nine months ended September 30, 2024:


	Grants of Share-Based Awards

	RSAs			RSUs			Total
Unvested awards outstanding, December 31, 2023		14,988			106,843			121,831
Granted		32,960			38,040			71,000
Vested		(14,988	)		(68,422	)		(83,410	)
Forfeited		-			(26,459	)		(26,459	)
Unvested awards outstanding, September 30, 2024		32,960			50,002			82,962

Unamortized grant date fair value, December 31, 2023 (in millions)	$	0.2		$	3.8		$	4.0
Unamortized grant date fair value, September 30, 2024 (in millions)	$	1.9		$	2.4		$	4.3

Stock-based compensation expense associated with MIP grants were as follows (in millions):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Compensation Expense	$	0.9	$	1.0	$	2.4	$	3.1

Performance Stock Units ("PSUs")

In the third quarter of 2024, 1,414,432 PSUs were granted and will vest to the extent that share price goals are achieved based on terms and conditions set forth in the forms of the PSU award agreement.

Segment Information (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total revenues	$ 197,307	$ 210,385	$ 607,022	$ 674,995
Cost of revenues (exclusive of items shown separately below)	109,399	109,845	324,306	348,320
Depreciation, depletion, amortization and accretion	21,077	20,490	62,392	61,250
General and administrative expenses	33,458	30,089	101,837	92,256
Restructuring and transaction expenses	5,891	0	5,891	1,983
Other (gains) and losses, net	(133)	(4,073)	(1,829)	(5,424)
Income from operations	27,615	54,034	114,425	176,610
Rentals [Member]
Segment Reporting Information [Line Items]
Total revenues	97,857	113,201	305,799	334,433
Cost of revenues (exclusive of items shown separately below)	35,227	37,769	109,589	109,258
Depreciation, depletion, amortization and accretion	12,059	12,538	35,831	37,259
General and administrative expenses	6,846	6,767	21,180	20,962
Other (gains) and losses, net	(131)	(126)	71	(419)
Income from operations	43,856	56,253	139,128	167,373
Well Services [Member]
Segment Reporting Information [Line Items]
Total revenues	99,450	97,184	301,223	340,562
Cost of revenues (exclusive of items shown separately below)	74,172	72,076	214,717	239,062
Depreciation, depletion, amortization and accretion	8,455	7,277	24,978	21,558
General and administrative expenses	13,036	11,197	35,547	34,087
Other (gains) and losses, net	(2)	(3,947)	(1,886)	(5,005)
Income from operations	3,789	10,581	27,867	50,860
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Depreciation, depletion, amortization and accretion	563	675	1,583	2,433
General and administrative expenses	13,576	12,125	45,110	37,207
Restructuring and transaction expenses	5,891		5,891	1,983
Other (gains) and losses, net			(14)
Income from operations	$ (20,030)	$ (12,800)	$ (52,570)	$ (41,623)

Blue Chip Swap Securities (Tables)

9 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Blue Chip Swap Securities Activity

A summary of BCS activity is as follows (in millions):


	ARS Repatriated		U.S. Dollar Equivalent		U.S. Dollar Received		Loss on BCS
Total		12,071.9	$	13.2	$	8.1	$	5.1

Contingencies (Narrative) (Details) $ in Millions	May 31, 2023 USD ($)
Whatcom County Superior Court [Member]
Loss Contingencies [Line Items]
Income tax examination, estimate of possible loss	$ 27.1

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Other Income (Expense), Net

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

Other Income (Expense), Net

(9) Other Income (Expense), Net

A summary of other expense, net is as follows:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2024			2023			2024			2023
Foreign currency gains (losses)	$	1,175		$	(4,601	)	$	(3,063	)	$	(8,157	)
Other, net		(196	)		81			147			(351	)
Other income (expense), net	$	979		$	(4,520	)	$	(2,916	)	$	(8,508	)

Gains and losses on foreign currencies are primarily related to our operations in Argentina and Brazil.

Revenue and Accounts Receivable (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Allowance for doubtful accounts	$ 5.6	$ 6.3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Supplemental Cash Flow Information [Abstract]
Cash and cash equivalents	$ 325,881	$ 391,684	$ 357,769	$ 258,999
Restricted cash-non-current	54,707	85,444	80,940	80,108
Cash, cash equivalents, and restricted cash	$ 380,588	$ 477,128	$ 438,709	$ 339,107

Note Receivable

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Note Receivable

(5) Note Receivable

Our note receivable consists of a commitment from the seller of our oil and gas property for costs associated with abandonment. Pursuant to an agreement with the seller, we will invoice the seller an agreed upon amount at the completion of certain decommissioning activities. The gross amount of the seller's obligation to us is $108.4 million and is recorded at its present value, which totaled $72.7 million as of September 30, 2024.

The discount on the note receivable is currently based on an effective interest rate of 7.2% and is amortized to interest income over the expected timing of the completion of the decommissioning activities, which are expected to be completed during the second quarter of 2030. Interest is paid in kind and is compounded into the carrying amount of the note.

We recorded non-cash interest income related to the note receivable as follows (in millions):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Interest income	$	1.3	$	1.0	$	3.7	$	2.9

Interest income is included in other reconciling items, net in the Condensed Consolidated Statements of Cash Flows.

Blue Chip Swap Securities (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Proceeds from Sale, Maturity and Collection of Investments [Abstract]
Derivative exchange rate premium percentage			63.00%
Loss on Blue Chip Swap securities	$ (5,113)	$ (12,120)	$ (5,113)	$ (12,120)

Note Receivable (Tables)

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Schedule Of Non-cash Interest Income Related To Note Receivable

We recorded non-cash interest income related to the note receivable as follows (in millions):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Interest income	$	1.3	$	1.0	$	3.7	$	2.9

Revenue and Accounts Receivable (Tables)

9 Months Ended

Sep. 30, 2024

Revenue by Geography [Member]

Disaggregation of Revenue [Line Items]

Disaggregation Of Revenues

The following table presents our revenues by segment disaggregated by geography:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
U.S. land
Rentals	$	28,934	$	37,478	$	100,653	$	127,341
Well Services		7,027		8,223		20,735		20,384
Total U.S. land		35,961		45,701		121,388		147,725

U.S. offshore
Rentals		32,228		44,681		100,123		117,867
Well Services		17,489		14,459		69,486		54,185
Total U.S. offshore		49,717		59,140		169,609		172,052

International
Rentals		36,695		31,042		105,023		89,225
Well Services		74,934		74,502		211,002		265,993
Total International		111,629		105,544		316,025		355,218
Total Revenues	$	197,307	$	210,385	$	607,022	$	674,995

Revenue by Type [Member]

Disaggregation of Revenue [Line Items]

Disaggregation Of Revenues

The following table presents our revenues by segment disaggregated by type:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Services
Rentals	$	16,119	$	17,073	$	56,129	$	52,093
Well Services		66,224		63,883		181,238		228,283
Total Services		82,343		80,956		237,367		280,376

Rentals
Rentals		74,360		84,682		221,592		248,404
Well Services		2,771		4,666		12,960		11,915
Total Rentals		77,131		89,348		234,552		260,319

Product Sales
Rentals		7,378		11,446		28,078		33,936
Well Services		30,455		28,635		107,025		100,364
Total Product Sales		37,833		40,081		135,103		134,300
Total Revenues	$	197,307	$	210,385	$	607,022	$	674,995

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Decommissioning Liability - Schedule of Decommissioning Liability (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Decommissioning Liability	$ 170,777	$ 170,283
Less: Note Receivable	(72,694)	(69,005)
Decommissioning Liability, net of Note Receivable	98,083	101,278
Well Services [Member]
Decommissioning Liability	93,861	96,603
Platform Service [Member]
Decommissioning Liability	$ 76,916	$ 73,680

- Definition

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

+ References

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-Topic 310
-SubTopic 10
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Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-URI https://asc.fasb.org/1943274/2147481962/310-10-50-29

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Number 229
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-Publisher SEC

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

Equity and Earnings per Share (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2024	Sep. 30, 2024
Shares repurchased, value		$ 961
Restricted Stock Units (RSUs) [Member]
Dividends, Common Stock, Stock	$ 700
Common Class A [Member]
Special Cash Dividends Per Share	$ 12.38
Dividends, Common Stock	$ 250,400
Stock Repurchased During Period, Shares	14,673
Shares repurchased, value	$ 1,000

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

- Definition

Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information

Summarized financial information for our segments is as follows:


For the Three Months Ended September 30, 2024				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	97,857		$	99,450		$	-		$	197,307
Cost of revenues (exclusive of items shown separately below)		35,227			74,172			-			109,399
Depreciation, depletion, amortization and accretion		12,059			8,455			563			21,077
General and administrative expenses		6,846			13,036			13,576			33,458
Restructuring and transaction expenses		-			-			5,891			5,891
Other gains, net		(131	)		(2	)		-			(133	)
Income (loss) from operations	$	43,856		$	3,789		$	(20,030	)	$	27,615

For the Three Months Ended September 30, 2023				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	113,201		$	97,184		$	-		$	210,385
Cost of revenues (exclusive of items shown separately below)		37,769			72,076			-			109,845
Depreciation, depletion, amortization and accretion		12,538			7,277			675			20,490
General and administrative expenses		6,767			11,197			12,125			30,089
Other gains, net		(126	)		(3,947	)		-			(4,073	)
Income (loss) from operations	$	56,253		$	10,581		$	(12,800	)	$	54,034


For the Nine Months Ended September 30, 2024				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	305,799		$	301,223		$	-		$	607,022
Cost of revenues (exclusive of items shown separately below)		109,589			214,717			-			324,306
Depreciation, depletion, amortization and accretion		35,831			24,978			1,583			62,392
General and administrative expenses		21,180			35,547			45,110			101,837
Restructuring and transaction expenses		-			-			5,891			5,891
Other (gains) and losses, net		71			(1,886	)		(14	)		(1,829	)
Income (loss) from operations	$	139,128		$	27,867		$	(52,570	)	$	114,425

For the Nine Months Ended September 30, 2023				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	334,433		$	340,562		$	-		$	674,995
Cost of revenues (exclusive of items shown separately below)		109,258			239,062			-			348,320
Depreciation, depletion, amortization and accretion		37,259			21,558			2,433			61,250
General and administrative expenses		20,962			34,087			37,207			92,256
Restructuring and transaction expenses		-			-			1,983			1,983
Other gains, net		(419	)		(5,005	)		-			(5,424	)
Income (loss) from operations	$	167,373		$	50,860		$	(41,623	)	$	176,610

Schedule Of Identifiable Assets

Identifiable Assets


			Well		Corporate		Consolidated
	Rentals		Services		and Other		Total
September 30, 2024	$	458,210	$	600,104	$	118,037	$	1,176,351
December 31, 2023		553,706		597,438		189,849		1,340,993

Inventory (Schedule of Components of Inventory) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 34,874	$ 41,082
Raw materials	8,416	10,379
Work-in-process	12,322	8,025
Supplies and consumables	14,681	15,509
Total	$ 70,293	$ 74,995

Inventory (Tables)

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Schedule of Components of Inventory

The components of inventory are as follows:


	September 30, 2024		December 31, 2023
Finished goods	$	34,874	$	41,082
Raw materials		8,416		10,379
Work-in-process		12,322		8,025
Supplies and consumables		14,681		15,509
Total	$	70,293	$	74,995

Inventory

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Inventory

(3) Inventory

The components of inventory are as follows:


	September 30, 2024		December 31, 2023
Finished goods	$	34,874	$	41,082
Raw materials		8,416		10,379
Work-in-process		12,322		8,025
Supplies and consumables		14,681		15,509
Total	$	70,293	$	74,995

Finished goods inventory includes component parts awaiting assembly of approximately $19.6 million and $25.0 million as of September 30, 2024 and December 31, 2023, respectively.

Property, Plant and Equipment, Net (Tables)

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Summary Of Property, Plant And Equipment

A summary of property, plant and equipment, net is as follows:


	September 30, 2024			December 31, 2023
Machinery and equipment	$	468,171		$	422,071
Buildings, improvements and leasehold improvements		63,592			66,746
Vehicles		8,768			8,106
Furniture and fixtures		21,432			22,746
Construction-in-progress		19,484			8,195
Land		30,182			25,654
Oil and gas producing assets		30,706			28,984
Total		642,335			582,502
Accumulated depreciation and depletion		(336,050	)		(287,542	)
Property, plant and equipment, net	$	306,285		$	294,960

Summary of depreciation and depletion expense

A summary of depreciation and depletion expense associated with our property, plant and equipment is as follows (in millions):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Depreciation	$	16.4	$	17.0	$	48.9	$	51.5
Depletion		1.9		0.6		5.1		1.7
Total depreciation and depletion	$	18.3	$	17.6	$	54.0	$	53.2

Property, Plant and Equipment, Net (Summary Of Property, Plant And Equipment) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 642,335	$ 582,502
Accumulated depreciation and depletion	(336,050)	(287,542)
Property, plant and equipment, net	306,285	294,960
Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	468,171	422,071
Buildings, Improvements And Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	63,592	66,746
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,768	8,106
Furniture And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	21,432	22,746
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	19,484	8,195
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	30,182	25,654
Oil and Gas Producing Assets [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 30,706	$ 28,984

Stock-Based Compensation Plans - Issuances Under Management Incentive Plan (Details) - Management Incentive Plan [Member]	9 Months Ended
	Sep. 30, 2024 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards outstanding, beginning	121,831
Granted	71,000
Vested	(83,410)
Forfeited	(26,459)
Awards outstanding, ending	82,962
Unamortized grant date fair value, beginning	4,000,000
Unamortized grant date fair value, ending	4,300,000
RSAs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards outstanding, beginning	14,988
Granted	32,960
Vested	(14,988)
Forfeited	0
Awards outstanding, ending	32,960
Unamortized grant date fair value, beginning	200,000
Unamortized grant date fair value, ending	1,900,000
RSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards outstanding, beginning	106,843
Granted	38,040
Vested	(68,422)
Forfeited	(26,459)
Awards outstanding, ending	50,002
Unamortized grant date fair value, beginning	3,800,000
Unamortized grant date fair value, ending	2,400,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Equity and Earnings per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Equity and Earnings per Share

(13) Equity and Earnings per Share

Dividend

In the first quarter of 2024, we paid a special cash dividend of $12.38 per share on our outstanding Class A Common Stock totaling $250.4 million, which includes dividend equivalent payments to holders of unvested RSUs of $0.7 million.

Share Repurchases

In the first quarter of 2024, we purchased 14,673 shares of our Class A Common Stock totaling approximately $1.0 million from a former Board member. Upon repurchase, the repurchased shares were canceled.

The following table presents the reconciliation between the weighted average number of shares for basic and diluted earnings per share:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Weighted-average shares outstanding - basic		20,177		20,136		20,170		20,123
Potentially dilutive stock awards and units		9		23		12		21
Weighted-average shares outstanding - diluted		20,186		20,159		20,182		20,144

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	52,000,000	52,000,000
Common stock, shares issued	20,216,000	20,151,000
Common stock, shares outstanding	20,216,000	20,151,000

Fair Value Measurements (Summary Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - Non Qualified Deferred Compensation Assets and Liabilities [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other assets, net	$ 16,511	$ 17,079
Accrued expense	1,764	1,797
Other liabilities	$ 15,022	$ 15,589

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues [Abstract]
Total revenues	$ 197,307	$ 210,385	$ 607,022	$ 674,995
Costs and expenses:
Total cost of revenues (exclusive of items shown separately below)	109,399	109,845	324,306	348,320
Total depreciation, depletion, amortization and accretion	21,077	20,490	62,392	61,250
General and administrative expenses	33,458	30,089	101,837	92,256
Restructuring and transaction expenses	5,891	0	5,891	1,983
Other gains, net	(133)	(4,073)	(1,829)	(5,424)
Income from operations	27,615	54,034	114,425	176,610
Other income (expense):
Interest income , net	5,032	6,629	17,632	18,581
Loss on Blue Chip Swap securities	(5,113)	(12,120)	(5,113)	(12,120)
Other income (expense), net	979	(4,520)	(2,916)	(8,508)
Income from continuing operations before income taxes	28,513	44,023	124,028	174,563
Income tax expense	(6,597)	(11,403)	(34,754)	(44,615)
Net income from continuing operations	21,916	32,620	89,274	129,948
Income from discontinued operations, net of tax	0	128	1,896	408
Net income	$ 21,916	$ 32,748	$ 91,170	$ 130,356
Income per share - basic:
Net income from continuing operations	$ 1.09	$ 1.62	$ 4.43	$ 6.46
Income from discontinued operations, net of tax	0	0.01	0.09	0.02
Net income	1.09	1.63	4.52	6.48
Income per share - diluted:
Net income from continuing operations	1.09	1.62	4.42	6.45
Income from discontinued operations, net of tax	0	0	0.1	0.02
Net income	$ 1.09	$ 1.62	$ 4.52	$ 6.47
Weighted-average shares outstanding - basic	20,177	20,136	20,170	20,123
Weighted-average shares outstanding - diluted	20,186	20,159	20,182	20,144
Services [Member]
Revenues [Abstract]
Total revenues	$ 82,343	$ 80,956	$ 237,367	$ 280,376
Costs and expenses:
Total cost of revenues (exclusive of items shown separately below)	56,084	57,202	154,225	181,221
Total depreciation, depletion, amortization and accretion	6,911	6,684	19,393	21,683
Rentals [Member]
Revenues [Abstract]
Total revenues	77,131	89,348	234,552	260,319
Costs and expenses:
Total cost of revenues (exclusive of items shown separately below)	30,640	29,580	94,564	88,942
Total depreciation, depletion, amortization and accretion	6,489	7,272	19,163	20,131
Product Sales [Member]
Revenues [Abstract]
Total revenues	37,833	40,081	135,103	134,300
Costs and expenses:
Total cost of revenues (exclusive of items shown separately below)	22,675	23,063	75,517	78,157
Total depreciation, depletion, amortization and accretion	$ 7,677	$ 6,534	$ 23,836	$ 19,436

Note Receivable (Schedule Of Non-cash Interest Income Related To Note Receivable) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Receivables [Abstract]
Interest income	$ 1.3	$ 1.0	$ 3.7	$ 2.9

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Summary Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis

The following table provides a summary of the financial assets and liabilities measured at fair value on a recurring basis:


	September 30, 2024		December 31, 2023
Non-qualified deferred compensation assets and liabilities
Other assets, net	$	16,511	$	17,079
Accrued expenses		1,764		1,797
Other liabilities		15,022		15,589

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Effective Income Tax Rate Reconciliation, Percent	23.10%	25.90%		28.00%	25.60%
Federal statutory rate				21.00%
Foreign tax credits	$ 4.5			$ 12.2
Valuation allowance						$ 50.0
Foreign tax credit carryforward						77.6
Unrecognized tax benefits	3.0			3.0		$ 4.1
Unrecognized tax benefits settlement due	$ 2.9			$ 2.9
Deferred income taxes			$ 7.6		$ 14.9
Effective income tax rate reconciliation, OECD income tax rate				15.00%

Equity and Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Computation of Weighted Average Number of Shares for Basic and Diluted Earnings Per Share

The following table presents the reconciliation between the weighted average number of shares for basic and diluted earnings per share:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Weighted-average shares outstanding - basic		20,177		20,136		20,170		20,123
Potentially dilutive stock awards and units		9		23		12		21
Weighted-average shares outstanding - diluted		20,186		20,159		20,182		20,144

Debt (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 89,900
Credit facility, availability	50,400
Letters of credit outstanding amount	39,500
Outstanding borrowings	$ 0
Jpmorgan Chase Bank Asset Backed Secured Revolving Facility [Member] \| Senior Secured Asset-Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 140,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2024	Oct. 29, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Securities Act File Number	001-34037
Entity Registrant Name	SUPERIOR ENERGY SERVICES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-4613576
Entity Address, Address Line One	1001 Louisiana Street
Entity Address, Address Line Two	Suite 2900
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	654-2200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity Common Stock, Shares Outstanding		20,216,192
Entity Central Index Key	0000886835
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Segment Information

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Segment Information

(11) Segment Information

Summarized financial information for our segments is as follows:


For the Three Months Ended September 30, 2024				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	97,857		$	99,450		$	-		$	197,307
Cost of revenues (exclusive of items shown separately below)		35,227			74,172			-			109,399
Depreciation, depletion, amortization and accretion		12,059			8,455			563			21,077
General and administrative expenses		6,846			13,036			13,576			33,458
Restructuring and transaction expenses		-			-			5,891			5,891
Other gains, net		(131	)		(2	)		-			(133	)
Income (loss) from operations	$	43,856		$	3,789		$	(20,030	)	$	27,615

For the Three Months Ended September 30, 2023				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	113,201		$	97,184		$	-		$	210,385
Cost of revenues (exclusive of items shown separately below)		37,769			72,076			-			109,845
Depreciation, depletion, amortization and accretion		12,538			7,277			675			20,490
General and administrative expenses		6,767			11,197			12,125			30,089
Other gains, net		(126	)		(3,947	)		-			(4,073	)
Income (loss) from operations	$	56,253		$	10,581		$	(12,800	)	$	54,034


For the Nine Months Ended September 30, 2024				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	305,799		$	301,223		$	-		$	607,022
Cost of revenues (exclusive of items shown separately below)		109,589			214,717			-			324,306
Depreciation, depletion, amortization and accretion		35,831			24,978			1,583			62,392
General and administrative expenses		21,180			35,547			45,110			101,837
Restructuring and transaction expenses		-			-			5,891			5,891
Other (gains) and losses, net		71			(1,886	)		(14	)		(1,829	)
Income (loss) from operations	$	139,128		$	27,867		$	(52,570	)	$	114,425

For the Nine Months Ended September 30, 2023				Well			Corporate and			Consolidated
	Rentals			Services			Other			Total
Revenues	$	334,433		$	340,562		$	-		$	674,995
Cost of revenues (exclusive of items shown separately below)		109,258			239,062			-			348,320
Depreciation, depletion, amortization and accretion		37,259			21,558			2,433			61,250
General and administrative expenses		20,962			34,087			37,207			92,256
Restructuring and transaction expenses		-			-			1,983			1,983
Other gains, net		(419	)		(5,005	)		-			(5,424	)
Income (loss) from operations	$	167,373		$	50,860		$	(41,623	)	$	176,610

Identifiable Assets


			Well		Corporate		Consolidated
	Rentals		Services		and Other		Total
September 30, 2024	$	458,210	$	600,104	$	118,037	$	1,176,351
December 31, 2023		553,706		597,438		189,849		1,340,993

Income from discontinued operations, net of tax for the nine months ended September 30, 2024 totaled $1.9 million and represented the release of certain accruals that lapsed attributable to Pumpco Energy Services, Inc., which we classified as discontinued operations in December 2019.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Debt

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Debt

(7) Debt

In December 2023, we entered into an Amended and Restated Credit Agreement providing for up to a $140.0 million asset based secured revolving Credit Facility (the “Credit Facility”). The issuance of letters of credit reduces availability under the Credit Facility dollar-for-dollar.

As of September 30, 2024, our borrowing base, as defined in the Credit Agreement, was approximately $89.9 million, and we had $39.5 million in letters of credit outstanding, which reduced the borrowing availability to $50.4 million. At September 30, 2024, we had no outstanding borrowings under the Credit Facility and were in compliance with all required covenants.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Income Taxes

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

(14) Income Taxes

The effective tax rate on income from continuing operations for the three and nine months ended September 30, 2024 was 23.1% and 28.0%, respectively, and was 25.9% and 25.6% for the three and nine months ended September 30, 2023, respectively. The effective tax rate for all periods is higher than the U.S. federal statutory rate of 21.0%, primarily from non-deductible items and ongoing operations in foreign jurisdictions which have tax rates in excess of the U.S. federal statutory rate.

The effective tax rates for the three and nine months ended September 30, 2024 were favorably impacted by the utilization of foreign tax credits of $4.5 million and $12.2 million, respectively.

The effective tax rate for the nine months ended September 30, 2023 was unfavorably impacted by the identification of an error in the tax provision for the year ended December 31, 2022 pertaining to certain net operating loss carryforwards that should have been eliminated as part of a worthless stock deduction taken in the fourth quarter of 2022. As such, we recognized an additional income tax expense of $7.6 million during the three months ended March 31, 2023 with a corresponding decrease to deferred tax assets to correct this immaterial misstatement. Management has determined that this misstatement was not material to any of its previously issued financial statements.

Additionally, the effective tax rate for the nine months ended September 30, 2023 was favorably impacted by approximately $14.9 million in income tax benefits recorded during the three months ended June 30, 2023 from reversals of uncertain tax positions in foreign jurisdictions and adjustments to valuation allowances on foreign operations.

The Organization for Economic Co-operation and Development reached agreement on Pillar Two Model Rules (“Pillar Two”) to implement a minimum 15.0% tax rate on certain multinational companies. Participating countries are in various stages of proposing and enacting tax laws to implement the Pillar Two framework. We determined these rules did not have a material impact on our taxes for the three and nine months ended September 30, 2024, and we will continue to evaluate the impact of these proposals and legislative changes as new guidance emerges.

We had approximately $77.6 million in gross U.S. foreign tax credit deferred tax assets with a valuation allowance of $50.0 million against them as of December 31, 2023. We continue to evaluate the realizability of our U.S. foreign tax credit carryforwards and may have additional valuation allowance releases in future periods if we achieve positive cumulative income results of appropriate character and timing that provide sufficient positive evidence to do so.

We had unrecognized tax benefits of $3.0 million as of September 30, 2024, all of which would impact our effective tax rate if recognized. It is reasonably possible that $2.9 million of unrecognized tax benefits could be settled in the next twelve-month period due to the conclusion of tax audits or due to the expiration of statute of limitations. Unrecognized tax benefits as of December 31, 2023 totaled $4.1 million.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
-Paragraph 12
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-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

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-Topic 740
-SubTopic 10
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-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

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-SubTopic 10
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

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-URI https://asc.fasb.org/740/tableOfContent

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-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Segment Information (Schedule Of Identifiable Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Identifiable Assets	$ 1,176,351	$ 1,340,993
Rentals [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	458,210	553,706
Well Services [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	600,104	597,438
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	$ 118,037	$ 189,849

- Definition

Amount of asset recognized for present right to economic benefit.

+ References

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+ Details

Supplemental Cash Flow Information (Additional Information) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Accrued capital expenditures	$ 7.2	$ 1.5
Gain (Loss) on Disposition of Assets		0.9
Proceeds from dispositions		$ 12.1

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 91,170	$ 130,356
Adjustments to reconcile net income to net cash from operating activities:
Depreciation, depletion, amortization and accretion	62,392	61,250
Deferred income taxes	7,686	29,589
Stock based compensation expense	2,436	3,100
Other gains, net	(1,829)	(6,359)
Loss on Blue Chip Swap securities	5,113	12,120
Washington State Tax Settlement	0	(27,068)
Decommissioning costs	(5,684)	(6,279)
Other reconciling items, net	(3,495)	(2,973)
Changes in operating assets and liabilities	67,396	(38,390)
Net cash from operating activities	225,185	155,346
Cash flows from investing activities:
Payments for capital expenditures	(67,447)	(67,218)
Proceeds from sales of assets	3,577	24,710
Proceeds from sales of Blue Chip Swap securities	8,121	9,656
Purchases of Blue Chip Swap securities	(13,234)	(21,776)
Net cash from investing activities	(68,983)	(54,628)
Cash flows from financing activities:
Distributions to shareholders	(250,417)	0
Repurchase of shares	(962)	0
Tax withholdings for vested restricted stock units	(1,363)	(1,116)
Net cash from financing activities	(252,742)	(1,116)
Net change in cash, cash equivalents, and restricted cash	(96,540)	99,602
Cash, cash equivalents, and restricted cash at beginning of period	477,128	339,107
Cash, cash equivalents, and restricted cash at end of period	$ 380,588	$ 438,709

Property, Plant and Equipment, Net (Summary of Depreciation and Depletion Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 16.4	$ 17.0	$ 48.9	$ 51.5
Depletion	1.9	0.6	5.1	1.7
Total depreciation and depletion	$ 18.3	$ 17.6	$ 54.0	$ 53.2

Segment Information (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting [Abstract]
Income from discontinued operations, net of tax	$ 0	$ 128	$ 1,896	$ 408

- Definition

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References

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-Topic 944
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(12))
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+ Details

Decommissioning Liability - Schedule of Accretion Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]
Accretion expense	$ 2.6	$ 2.6	$ 7.7	$ 7.4

Stock-Based Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Issuances Under Management Incentive Plan

The following sets forth issuances under the MIP for the nine months ended September 30, 2024:


	Grants of Share-Based Awards

	RSAs			RSUs			Total
Unvested awards outstanding, December 31, 2023		14,988			106,843			121,831
Granted		32,960			38,040			71,000
Vested		(14,988	)		(68,422	)		(83,410	)
Forfeited		-			(26,459	)		(26,459	)
Unvested awards outstanding, September 30, 2024		32,960			50,002			82,962

Unamortized grant date fair value, December 31, 2023 (in millions)	$	0.2		$	3.8		$	4.0
Unamortized grant date fair value, September 30, 2024 (in millions)	$	1.9		$	2.4		$	4.3

Compensation Expense Associated with MIP Grants

Stock-based compensation expense associated with MIP grants were as follows (in millions):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Compensation Expense	$	0.9	$	1.0	$	2.4	$	3.1

Other Income (Expense), Net (Tables)

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

Schedule of other nonoperating income (expense)

A summary of other expense, net is as follows:


	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2024			2023			2024			2023
Foreign currency gains (losses)	$	1,175		$	(4,601	)	$	(3,063	)	$	(8,157	)
Other, net		(196	)		81			147			(351	)
Other income (expense), net	$	979		$	(4,520	)	$	(2,916	)	$	(8,508	)

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 325,881	$ 391,684
Accounts receivable, net	200,106	276,868
Inventory	70,293	74,995
Income taxes receivable	13,383	10,542
Prepaid expenses	23,363	18,614
Other current assets	7,765	7,922
Total current assets	640,791	780,625
Property, plant and equipment, net	306,285	294,960
Note receivable	72,694	69,005
Restricted cash	54,707	85,444
Deferred tax assets	59,555	67,241
Other assets, net	42,319	43,718
Total assets	1,176,351	1,340,993
Current liabilities:
Accounts payable	38,897	38,214
Accrued expenses	106,203	103,782
Income taxes payable	20,100	20,220
Decommissioning liability	30,747	21,631
Total current liabilities	195,947	183,847
Decommissioning liability	140,030	148,652
Other liabilities	38,599	47,583
Total liabilities	374,576	380,082
Stockholders' equity:
Common stock $0.01 par value; 52,000 shares authorized; 20,216 shares and 20,151 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	202	202
Additional paid-in capital	911,500	911,388
Retained earnings (deficit)	(109,927)	49,321
Total stockholders' equity	801,775	960,911
Total liabilities and stockholders' equity	$ 1,176,351	$ 1,340,993

Inventory (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods inventory	$ 19.6	$ 25.0

Supplemental Cash Flow Information (Tables)

9 Months Ended

Sep. 30, 2024

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

The table below is a reconciliation of cash, cash equivalents and restricted cash as of the beginning and the end of the periods presented:


	September 30,
	2024		2023
Cash and cash equivalents	$	391,684	$	258,999
Restricted cash-non-current		85,444		80,108
Cash, cash equivalents, and restricted cash, beginning of period (January 1st)	$	477,128	$	339,107

Cash and cash equivalents	$	325,881	$	357,769
Restricted cash-non-current		54,707		80,940
Cash, cash equivalents, and restricted cash, end of period (September 30th)	$	380,588	$	438,709

Changes in Operating Accounts on Cash Flows from Operating Activities

Changes in operating accounts on cash flows from operating activities are as follows:


	For the Nine Months Ended
	September 30,
	2024			2023
Accounts receivable, net	$	77,175		$	(3,399	)
Inventory		4,692			(23,083	)
Prepaid expenses and other current assets		(4,592	)		(1,406	)
Accounts payable		(3,371	)		9,470
Accrued expenses		(688	)		(18,856	)
Income taxes		(2,961	)		5,274
Other, net		(2,859	)		(6,390	)
Changes in operating assets and liabilities	$	67,396		$	(38,390	)

Supplemental Cash Flow Information (Changes in Operating Accounts on Cash Flows from Operating Activities) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Accounts receivable, net	$ 77,175	$ (3,399)
Inventory	4,692	(23,083)
Prepaid expenses and other current assets	(4,592)	(1,406)
Accounts payable	(3,371)	9,470
Accrued expenses	(688)	(18,856)
Income taxes	(2,961)	5,274
Other, net	(2,859)	(6,390)
Changes in operating assets and liabilities	$ 67,396	$ (38,390)

Note Receivable (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Note receivable	$ 72,694	$ 69,005
Change In Gross Amount Of Sellers Obligation	$ 108,400
Notes Receivable, Seller Obligation [Member]
Financing Receivable, Past Due [Line Items]
Interest rate percentage to record present value of notes receivable	7.20%

Decommissioning Liability

9 Months Ended

Sep. 30, 2024

Asset Retirement Obligation Disclosure [Abstract]

Decommissioning Liability

(4) Decommissioning Liability

The following table summarizes our net decommissioning liability:


	September 30, 2024			December 31, 2023
Wells	$	93,861		$	96,603
Platform		76,916			73,680
Total decommissioning liability		170,777			170,283
Note receivable		(72,694	)		(69,005	)
Total decommissioning liability, net of note receivable	$	98,083		$	101,278

The following table presents accretion expense (in millions):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Accretion expense	$	2.6	$	2.6	$	7.7	$	7.4

Other Income (Expense), Net - Summary of Other Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Foreign currency gains (losses)	$ 1,175	$ (4,601)	$ (3,063)	$ (8,157)
Other, net	(196)	81	147	(351)
Other income (expense), net	$ 979	$ (4,520)	$ (2,916)	$ (8,508)

Stock-Based Compensation Plans (Narrative) (Details) - $ / shares	3 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Cancelled stock incentive plans
Common stock, par value	$ 0.01	$ 0.01
Performance Stock Units [Member]
Cancelled stock incentive plans
Awards granted	1,414,432
Management Incentive Plan [Member]
Cancelled stock incentive plans
Common stock reserved for issuance	5,096,715
Common stock, par value	$ 0.01

New Accounting Pronouncements

9 Months Ended

Sep. 30, 2024

Disclosure Text Block [Abstract]

New Accounting Pronouncements

(17) New Accounting Pronouncements

There were no material changes in recently issued or adopted accounting standards from those disclosed in our Form 10-K.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Revenue and Accounts Receivable (Disaggregation Of Revenues, By Geography) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total Revenues	$ 197,307	$ 210,385	$ 607,022	$ 674,995
Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	97,857	113,201	305,799	334,433
Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	99,450	97,184	301,223	340,562
U.S. Land [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	35,961	45,701	121,388	147,725
U.S. Land [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	28,934	37,478	100,653	127,341
U.S. Land [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	7,027	8,223	20,735	20,384
U.S. Offshore [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	49,717	59,140	169,609	172,052
U.S. Offshore [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	32,228	44,681	100,123	117,867
U.S. Offshore [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	17,489	14,459	69,486	54,185
International [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	111,629	105,544	316,025	355,218
International [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	36,695	31,042	105,023	89,225
International [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	$ 74,934	$ 74,502	$ 211,002	$ 265,993

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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Revenue and Accounts Receivable (Disaggregation Of Revenues, By Type) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total Revenues	$ 197,307	$ 210,385	$ 607,022	$ 674,995
Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	97,857	113,201	305,799	334,433
Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	99,450	97,184	301,223	340,562
Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	82,343	80,956	237,367	280,376
Services [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	16,119	17,073	56,129	52,093
Services [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	66,224	63,883	181,238	228,283
Rentals Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	77,131	89,348	234,552	260,319
Rentals Services [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	74,360	84,682	221,592	248,404
Rentals Services [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	2,771	4,666	12,960	11,915
Product Sales [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	37,833	40,081	135,103	134,300
Product Sales [Member] \| Rentals [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	7,378	11,446	28,078	33,936
Product Sales [Member] \| Well Services [Member]
Disaggregation of Revenue [Line Items]
Total Revenues	$ 30,455	$ 28,635	$ 107,025	$ 100,364

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 21,916	$ 32,748	$ 91,170	$ 130,356

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Equity and Earnings per Share - Summary of Weighted Average Number of Shares for Basic and Diluted Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Weighted-average shares outstanding - basic	20,177	20,136	20,170	20,123
Potentially dilutive stock awards and units	9	23	12	21
Weighted-average shares outstanding - diluted	20,186	20,159	20,182	20,144

- Definition

Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of contingently issuable shares. Contingently issuable shares are those shares that are issuable for little or no cash contingent on certain conditions being met.

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+ Details

Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2024

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

(16) Supplemental Cash Flow Information

The table below is a reconciliation of cash, cash equivalents and restricted cash as of the beginning and the end of the periods presented:


	September 30,
	2024		2023
Cash and cash equivalents	$	391,684	$	258,999
Restricted cash-non-current		85,444		80,108
Cash, cash equivalents, and restricted cash, beginning of period (January 1st)	$	477,128	$	339,107

Cash and cash equivalents	$	325,881	$	357,769
Restricted cash-non-current		54,707		80,940
Cash, cash equivalents, and restricted cash, end of period (September 30th)	$	380,588	$	438,709

Accrued capital expenditures totaled $7.2 million and $1.5 million as of September 30, 2024 and 2023, respectively.

Additionally, during the nine months ended September 30, 2023, gains recognized on the disposition of assets classified as discontinued operations totaled $0.9 million, and proceeds from these dispositions totaled $12.1 million.

Changes in operating accounts on cash flows from operating activities are as follows:


	For the Nine Months Ended
	September 30,
	2024			2023
Accounts receivable, net	$	77,175		$	(3,399	)
Inventory		4,692			(23,083	)
Prepaid expenses and other current assets		(4,592	)		(1,406	)
Accounts payable		(3,371	)		9,470
Accrued expenses		(688	)		(18,856	)
Income taxes		(2,961	)		5,274
Other, net		(2,859	)		(6,390	)
Changes in operating assets and liabilities	$	67,396		$	(38,390	)

Blue Chip Swap Securities

9 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Blue Chip Swap Securities

(10) Blue Chip Swap Securities

During the third quarter of 2024, we utilized an indirect foreign exchange mechanism known as a Blue Chip Swap (“BCS”). The transactions were completed at implied exchange rates that were approximately 63.0% higher than the official exchange rate, resulting in a loss of approximately $5.1 million during the third quarter of 2024.

A summary of BCS activity is as follows (in millions):


	ARS Repatriated		U.S. Dollar Equivalent		U.S. Dollar Received		Loss on BCS
Total		12,071.9	$	13.2	$	8.1	$	5.1

Decommissioning Liability (Tables)

9 Months Ended

Sep. 30, 2024

Asset Retirement Obligation Disclosure [Abstract]

Schedule of decommissioning liability

The following table summarizes our net decommissioning liability:


	September 30, 2024			December 31, 2023
Wells	$	93,861		$	96,603
Platform		76,916			73,680
Total decommissioning liability		170,777			170,283
Note receivable		(72,694	)		(69,005	)
Total decommissioning liability, net of note receivable	$	98,083		$	101,278

Schedule of accretion expenses

The following table presents accretion expense (in millions):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Accretion expense	$	2.6	$	2.6	$	7.7	$	7.4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member] Common Class A [Member]	Additional Paid-in Capital [Member] Common Class B [Member]	Accumulated Deficit [Member]
Beginning balance, value at Dec. 31, 2022	$ 782,884	$ 200	$ 1	$ 902,486	$ 5,896	$ (125,699)
Beginning balance, shares at Dec. 31, 2022		19,999	80
Net income	130,356					130,356
Restricted stock units vested, Value			$ 1		(1)
Restricted stock units vested, Shares			91
Shares withheld and retired, value	(1,116)				(1,116)
Shares withheld and retired, shares			(19)
Stock-based compensation expense, net	3,100				3,100
Ending balance, value at Sep. 30, 2023	915,224	$ 200	$ 2	902,486	7,879	4,657
Ending balance, shares at Sep. 30, 2023		19,999	152
Beginning balance, value at Jun. 30, 2023	881,452	$ 200	$ 2	902,486	6,855	(28,091)
Beginning balance, shares at Jun. 30, 2023		19,999	152
Net income	32,748					32,748
Stock-based compensation expense, net	1,024				1,024
Ending balance, value at Sep. 30, 2023	915,224	$ 200	$ 2	902,486	7,879	4,657
Ending balance, shares at Sep. 30, 2023		19,999	152
Beginning balance, value at Dec. 31, 2023	960,911	$ 202		911,388	0	49,321
Beginning balance, shares at Dec. 31, 2023		20,151
Net income	91,170					91,170
Common stock issued, shares		33
Cash dividends	(250,418)					(250,418)
Shares repurchased		(15)
Shares repurchased, value	(961)			(961)
Restricted stock units vested, Shares		68
Shares withheld and retired, value	(1,363)			(1,363)
Shares withheld and retired, shares		(21)
Stock-based compensation expense, net	2,436			2,436
Ending balance, value at Sep. 30, 2024	801,775	$ 202		911,500	0	(109,927)
Ending balance, shares at Sep. 30, 2024		20,216
Beginning balance, value at Jun. 30, 2024	779,292	$ 202		910,933		(131,843)
Beginning balance, shares at Jun. 30, 2024		20,174
Net income	21,916					21,916
Common stock issued, shares		33
Restricted stock units vested, Shares		15
Shares withheld and retired, value	(358)			(358)
Shares withheld and retired, shares		(6)
Stock-based compensation expense, net	925			925
Ending balance, value at Sep. 30, 2024	$ 801,775	$ 202		$ 911,500	$ 0	$ (109,927)
Ending balance, shares at Sep. 30, 2024		20,216

Basis of Presentation

9 Months Ended

Sep. 30, 2024

Disclosure Text Block [Abstract]

Basis of Presentation

(1) Basis of Presentation

Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”); however, management believes the disclosures are adequate such that the information presented is not misleading.

As used herein, “we,” “us,” “our” and similar terms refer to Superior Energy Services, Inc. and its consolidated subsidiaries, unless otherwise specifically stated.

These financial statements and notes should be read in conjunction with the consolidated financial statements and notes included in our Form 10-K.

In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting primarily of normal recurring adjustments, necessary for a fair statement of our financial position as of September 30, 2024, our results of operations for the three and nine months ended September 30, 2024 and 2023, and our cash flows for the nine months ended September 30, 2024 and 2023. The balance sheet as of December 31, 2023 was derived from our audited annual financial statements.

Fair Value Measurements

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

(8) Fair Value Measurements

The following table provides a summary of the financial assets and liabilities measured at fair value on a recurring basis:


	September 30, 2024		December 31, 2023
Non-qualified deferred compensation assets and liabilities
Other assets, net	$	16,511	$	17,079
Accrued expenses		1,764		1,797
Other liabilities		15,022		15,589

Our non-qualified deferred compensation plans investments are reported at fair value based on unadjusted quoted prices in active markets for identifiable assets and observable inputs for similar assets and liabilities, which represent a Level 2 in the fair value hierarchy.

The carrying amount of cash equivalents, accounts receivable, accounts payable and accrued expenses, as reflected in the consolidated balance sheets, approximates fair value due to the short maturities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

Revenue and Accounts Receivable

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue and Accounts Receivable

(2) Revenue and Accounts Receivable

Disaggregation of Revenue

The following table presents our revenues by segment disaggregated by geography:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
U.S. land
Rentals	$	28,934	$	37,478	$	100,653	$	127,341
Well Services		7,027		8,223		20,735		20,384
Total U.S. land		35,961		45,701		121,388		147,725

U.S. offshore
Rentals		32,228		44,681		100,123		117,867
Well Services		17,489		14,459		69,486		54,185
Total U.S. offshore		49,717		59,140		169,609		172,052

International
Rentals		36,695		31,042		105,023		89,225
Well Services		74,934		74,502		211,002		265,993
Total International		111,629		105,544		316,025		355,218
Total Revenues	$	197,307	$	210,385	$	607,022	$	674,995

The following table presents our revenues by segment disaggregated by type:


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Services
Rentals	$	16,119	$	17,073	$	56,129	$	52,093
Well Services		66,224		63,883		181,238		228,283
Total Services		82,343		80,956		237,367		280,376

Rentals
Rentals		74,360		84,682		221,592		248,404
Well Services		2,771		4,666		12,960		11,915
Total Rentals		77,131		89,348		234,552		260,319

Product Sales
Rentals		7,378		11,446		28,078		33,936
Well Services		30,455		28,635		107,025		100,364
Total Product Sales		37,833		40,081		135,103		134,300
Total Revenues	$	197,307	$	210,385	$	607,022	$	674,995

Accounts Receivable, net

Our allowance for credit losses as of September 30, 2024 and December 31, 2023 was approximately $5.6 million and $6.3 million, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details