Forum Energy Technologies, Inc
(NYSE:FET)

Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufa...

Website: http://www.f-e-t.com

Full Time Employees: 2,300

Sector: Energy

Industry: Oil & Gas Equipment & Services

Energy

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31

revenue	208,700,000	202,200,000	196,231,000	199,764,000	193,279,000	201,018,000	207,806,000	205,209,000	202,392,000	185,205,000	179,253,000	185,449,000	188,957,000	127,313,750	181,835,000	172,246,000	155,174,000	98,230,250	140,984,000	137,420,000	114,517,000	99,878,250	103,606,000	113,275,000	182,632,000	189,189,000	239,266,000	245,648,000	271,842,000	197,817,750	267,037,000	274,003,000	250,231,000					110,108,000	138,268,000	142,723,000
yoy	7.98%	0.59%	-5.57%	-2.65%	-4.50%	8.54%	15.93%	10.66%	7.11%	45.47%	-1.42%	7.67%	21.77%	29.61%	28.98%	25.34%	35.50%	-1.65%	36.08%	21.32%	-37.30%	-47.21%	-56.70%	-53.89%	-32.82%	-4.36%	-10.40%	-10.35%	8.64%
qoq	3.21%	3.04%	-1.77%	3.36%	-3.85%	-3.27%	1.27%	1.39%	9.28%	3.32%	-3.34%	-1.86%	48.42%	-29.98%	5.57%	11.00%	57.97%	-30.33%	2.59%	20.00%	14.66%	-3.60%	-8.54%	-37.98%	-3.47%	-20.93%	-2.60%	-9.64%	37.42%	-25.92%	-2.54%	9.50%						-20.37%	-3.12%
cost of sales	147,709,000	141,118,000	155,994,000	140,408,000	134,918,000	138,553,000	142,070,000	142,136,000	138,633,000	135,482,000	128,231,000	134,143,000	136,855,000	140,687,000	130,472,000	123,673,000	116,555,000	118,060,000	106,119,000	105,216,000	88,332,000	172,086,000	90,496,000	100,373,000	160,542,000	150,845,000	176,632,000	182,460,000	201,744,000	231,073,000	192,496,000	201,334,000	182,944,000	194,705,000	151,150,000	151,860,000	132,117,000	116,590,000	108,984,000	137,442,000	124,884,000	193,242,000	179,231,000	199,532,000	238,970,000	297,195,000	316,784,000	290,286,000	276,000,000	272,968,000	265,021,000	253,404,000	258,193,000	232,847,000	231,273,000	250,710,000	237,046,000
gross profit	60,991,000	61,082,000	40,237,000	59,356,000	58,361,000	62,465,000	65,736,000	63,073,000	63,759,000	49,723,000	51,022,000	51,306,000	52,102,000	49,971,000	51,363,000	48,573,000	38,619,000	30,087,000	34,865,000	32,204,000	26,185,000	-59,123,000	13,110,000	12,902,000	22,090,000	48,932,000	62,634,000	63,188,000	70,098,000	41,875,000	74,541,000	72,669,000	67,287,000	52,995,000	47,559,000	49,255,000	38,979,000	30,613,000	29,284,000	5,281,000	34,557,000	2,906,000	65,762,000	84,883,000	109,126,000	141,483,000	152,038,000	137,993,000	127,938,000	120,765,000	125,171,000	114,483,000	114,806,000	97,318,000	116,494,000	122,802,000	126,443,000
yoy	4.51%	-2.21%	-38.79%	-5.89%	-8.47%	25.63%	28.84%	22.93%	22.37%	-0.50%	-0.66%	5.63%	34.91%	66.09%	47.32%	50.83%	47.49%	-150.89%	165.94%	149.60%	18.54%	-220.83%	-79.07%	-79.58%	-68.49%	16.85%	-15.97%	-13.05%	4.18%	-20.98%	56.73%	47.54%	72.62%	73.11%	62.41%	832.68%	12.80%	953.44%	-55.47%	-93.78%	-68.33%	-97.95%	-56.75%	-38.49%	-14.70%	17.16%	21.46%	20.54%	11.44%	24.09%	7.45%	-6.77%	-9.20%
qoq	-0.15%	51.81%	-32.21%	1.70%	-6.57%	-4.98%	4.22%	-1.08%	28.23%	-2.55%	-0.55%	-1.53%	4.26%	-2.71%	5.74%	25.77%	28.36%	-13.70%	8.26%	22.99%	-144.29%	-550.98%	1.61%	-41.59%	-54.86%	-21.88%	-0.88%	-9.86%	67.40%	-43.82%	2.58%	8.00%	26.97%	11.43%	-3.44%	26.36%	27.33%	4.54%	454.52%	-84.72%	1089.16%	-95.58%	-22.53%	-22.22%	-22.87%	-6.94%	10.18%	7.86%	5.94%	-3.52%	9.34%	-0.28%	17.97%	-16.46%	-5.14%	-2.88%
gross margin %	29.22%	30.21%	20.50%	29.71%	30.20%	31.07%	31.63%	30.74%	31.50%	26.85%	28.46%	27.67%	27.57%	39.25%	28.25%	28.20%	24.89%	30.63%	24.73%	23.43%	22.87%	-59.20%	12.65%	11.39%	12.10%	25.86%	26.18%	25.72%	25.79%	21.17%	27.91%	26.52%	26.89%	Infinity%	Infinity%	Infinity%	Infinity%	27.80%	21.18%	3.70%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
operating expenses
selling, general and administrative expenses	50,008,000	48,888,000	50,449,000	51,185,000	49,383,000	54,642,000	56,326,000	53,691,000	54,666,000	45,025,000	45,496,000	44,357,000	45,511,000	47,956,000	43,713,000	43,497,000	44,305,000	42,894,000	42,334,000	42,184,000	41,474,000	43,165,000	45,989,000	48,362,000	60,161,000	56,416,000	63,471,000	62,881,000	68,968,000	71,611,000	71,790,000	71,488,000	72,091,000	67,953,000	63,191,000	61,895,000	60,674,000	55,370,000	53,362,000	58,263,000	60,013,000	67,886,000	57,235,000	66,225,000	73,560,000	82,734,000	81,316,000	77,731,000	71,040,000	66,972,000	71,594,000	65,654,000	65,449,000	58,388,000	55,821,000	56,205,000	54,854,000
transaction expenses	148,000	57,000	254,000	184,000	51,000		579,000	1,228,000	5,921,000													2,276,000	665,000	150,000	37,000	187,000	254,000	125,000	593,000	1,282,000	769,000	59,000	1,336,000	4,756,000	882,000	245,000	628,000	294,000	341,000	64,000	166,000	47,000	193,000	23,000	217,000		1,516,000	682,000	128,000	509,000	376,000	1,806,000	9,000	869,000	85,000	442,000	355,000
loss on disposal of assets and other	-170,000	-627,000	-81,000	207,000	123,000	377,000	-85,000	220,000		19,000	-145,000	542,000	-260,000				22,000	310,000	-93,000		-909,000	-417,000	541,000	-700,000	-21,000	149,000	-107,000	16,000	20,000	1,057,000	205,000	-1,303,000
total operating expenses	49,986,000	48,318,000	46,343,000	44,673,000	49,557,000	169,282,000	56,820,000	55,139,000	60,559,000	47,936,000	45,351,000	44,899,000	45,251,000	40,623,000	43,661,000	42,589,000	44,327,000	43,204,000	42,241,000	41,824,000	40,565,000	45,024,000	50,157,000	47,924,000	77,497,000	56,752,000	595,954,000	63,022,000	64,952,000	422,995,000	72,764,000	84,721,000	73,030,000	73,709,000	64,839,000	131,779,000	61,056,000	56,069,000	55,920,000	58,375,000	60,147,000	194,035,000	57,439,000	66,285,000	73,465,000	83,845,000	82,747,000	78,129,000	71,857,000	67,866,000	72,179,000	67,345,000	65,593,000	59,393,000	53,590,000	52,964,000	56,230,000
operating income	11,005,000	12,764,000	-6,106,000	14,683,000	8,804,000	-106,817,000	8,916,000	7,934,000	3,200,000	1,787,000	5,671,000	6,407,000	6,851,000	9,348,000	7,702,000	5,984,000	-5,708,000	-13,117,000	-7,376,000	-9,620,000	-14,380,000	-104,147,000	-37,047,000	-35,022,000	-55,407,000	-7,820,000	-533,359,000	736,000	4,297,000	-381,026,000	2,436,000	-11,702,000	-6,706,000	-27,105,000	-13,919,000	-79,956,000	-20,615,000	-24,839,000	-26,222,000	-52,878,000	-25,013,000	-188,586,000	12,193,000	22,438,000	40,232,000	64,805,000	76,040,000	65,804,000	61,389,000	57,265,000	55,938,000	47,138,000	49,213,000	37,925,000	62,904,000	69,838,000	70,213,000
yoy	25.00%	-111.95%	-168.48%	85.06%	175.13%	-6077.45%	57.22%	23.83%	-53.29%	-80.88%	-26.37%	7.07%	-220.02%	-171.27%	-204.42%	-162.20%	-60.31%	-87.41%	-80.09%	-72.53%	-74.05%	1231.80%	-93.05%	-4858.42%	-1389.43%	-97.95%	-21994.87%	-106.29%	-164.08%	1305.74%	-117.50%	-85.36%	-67.47%	9.12%	-46.92%	51.21%	-17.58%	-86.83%	-315.06%	-335.66%	-162.17%	-391.01%	-83.97%	-65.90%	-34.46%	13.17%	35.94%	39.60%	24.74%	51.00%	-11.07%	-32.50%	-29.91%
qoq	-13.78%	-309.04%	-141.59%	66.78%	-108.24%	-1298.04%	12.38%	147.94%	79.07%	-68.49%	-11.49%	-6.48%	-26.71%	21.37%	28.71%	-204.84%	-56.48%	77.83%	-23.33%	-33.10%	-86.19%	181.12%	5.78%	-36.79%	608.53%	-98.53%	-72567.26%	-82.87%	-101.13%	-15741.46%	-120.82%	74.50%	-75.26%	94.73%	-82.59%	287.85%	-17.01%	-5.27%	-50.41%	111.40%	-86.74%	-1646.67%	-45.66%	-44.23%	-37.92%	-14.78%	15.56%	7.19%	7.20%	2.37%	18.67%	-4.22%	29.76%	-39.71%	-9.93%	-0.53%
operating margin %	5.27%	6.31%	-3.11%	7.35%	4.56%	-53.14%	4.29%	3.87%	1.58%	0.96%	3.16%	3.45%	3.63%	7.34%	4.24%	3.47%	-3.68%	-13.35%	-5.23%	-7.00%	-12.56%	-104.27%	-35.76%	-30.92%	-30.34%	-4.13%	-222.91%	0.30%	1.58%	-192.61%	0.91%	-4.27%	-2.68%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-22.56%	-18.96%	-37.05%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
other expense
interest expense	4,141,000	4,258,000	4,365,000	4,706,000	4,983,000	6,421,000	7,650,000	8,659,000	8,760,000	4,555,000	4,504,000	4,689,000	4,549,000	7,916,000	8,143,000	7,842,000	7,624,000	7,944,000	7,128,000	7,775,000	9,162,000	8,651,000	8,473,000	6,420,000	6,724,000	7,448,000	7,766,000	8,223,000	8,181,000	8,661,000	7,923,000	7,861,000	8,087,000	7,477,000	6,366,000	6,385,000	6,580,000	6,746,000	6,746,000	6,785,000	7,133,000	7,258,000	7,453,000	7,607,000	7,627,000	6,673,000	7,699,000	7,725,000	7,750,000	7,523,000	4,373,000	3,111,000	3,363,000	3,371,000	3,592,000	3,623,000	5,786,000
foreign exchange gains and other	-523,000
total other expense	3,618,000	4,505,000	4,374,000	764,000	3,915,000	424,000	19,120,000	12,128,000	9,987,000	13,659,000	-3,775,000	11,125,000	7,521,000	20,480,000	-10,145,000	-4,996,000	1,638,000	9,592,000	3,362,000	10,997,000	13,565,000	-72,323,000	-16,513,000	-29,104,000	-3,913,000	13,191,000	2,999,000	6,077,000	10,458,000	6,025,000	6,598,000	2,001,000	-21,868,000	-112,155,000	8,726,000	8,987,000	8,126,000	341,000	3,594,000	-3,229,000	8,341,000	3,424,000	4,543,000	11,662,000	971,000	2,958,000	2,477,000	10,854,000	9,227,000	8,613,000	8,833,000	4,130,000	1,896,000	3,954,000	4,356,000	3,958,000	5,817,000
income before taxes	7,387,000									1,014,500	9,446,000
income tax expense	2,895,000	6,187,000	10,074,000	6,219,000	3,767,000	-3,741,000	4,611,000	2,502,000	3,528,000	4,908,000	1,477,000	1,861,000	2,816,000	1,698,000	1,370,000	1,716,000	1,853,000	-3,114,000	849,000	1,189,000	1,718,000	-3,439,250	1,017,000	-424,000	-14,350,000	-8,563,000	-3,371,000	8,393,000	1,727,000			1,646,000
net income	4,492,000	2,072,000	-20,554,000	7,700,000	1,122,000	-103,500,000	-14,815,000	-6,696,000	-10,315,000	-16,780,000	7,969,000	-6,579,000	-3,486,000	-12,830,000	16,477,000	9,264,000	-9,199,000	-19,595,000	-11,587,000	-21,806,000	-29,663,000	-32,700,000	-21,551,000	-5,494,000	-37,144,000	-12,448,000	-532,987,000	-13,734,000	-7,888,000	-383,743,000	-3,054,000	-15,349,000	28,066,000	49,069,000	-14,828,000	-77,873,000	-15,768,000	-12,503,000	-17,995,000	-28,502,000	-22,948,000	-163,623,000	6,718,000	8,865,000	28,656,000	46,097,000	52,231,000	39,543,000	36,506,000	34,545,000	33,181,000	29,940,000	31,938,000	23,938,000	40,943,000	44,138,000	42,511,000
yoy	300.36%	-102.00%	38.74%	-214.99%	-110.88%	516.81%	-285.91%	1.78%	195.90%	30.79%	-51.64%	-171.02%	-62.10%	-34.52%	-242.20%	-142.48%	-68.99%	-40.08%	-46.23%	296.91%	-20.14%	162.69%	-95.96%	-60.00%	370.89%	-96.76%	17352.10%	-10.52%	-128.11%	-882.05%	-79.40%	-80.29%	-277.99%	-492.46%	-17.60%	173.22%	-31.29%	-92.36%	-367.86%	-421.51%	-180.08%	-454.95%	-87.14%	-77.58%	-21.50%	33.44%	57.41%	32.07%	14.30%	44.31%	-18.96%	-32.17%	-24.87%
qoq	116.80%	-110.08%	-366.94%	586.27%	-101.08%	598.62%	121.25%	-35.08%	-38.53%	-310.57%	-221.13%	88.73%	-72.83%	-177.87%	77.86%	-200.71%	-53.05%	69.11%	-46.86%	-26.49%	-9.29%	51.73%	292.26%	-85.21%	198.39%	-97.66%	3780.78%	74.11%	-97.94%	12465.26%	-80.10%	-154.69%	-42.80%	-430.92%	-80.96%	393.87%	26.11%	-30.52%	-36.86%	24.20%	-85.98%	-2535.59%	-24.22%	-69.06%	-37.84%	-11.74%	32.09%	8.32%	5.68%	4.11%	10.82%	-6.26%	33.42%	-41.53%	-7.24%	3.83%
net income margin %	2.15%	1.02%	-10.47%	3.85%	0.58%	-51.49%	-7.13%	-3.26%	-5.10%	-9.06%	4.45%	-3.55%	-1.84%	-10.08%	9.06%	5.38%	-5.93%	-19.95%	-8.22%	-15.87%	-25.90%	-32.74%	-20.80%	-4.85%	-20.34%	-6.58%	-222.76%	-5.59%	-2.90%	-193.99%	-1.14%	-5.60%	11.22%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-11.36%	-13.01%	-19.97%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
weighted-average shares outstanding
basic	11,214,000	11,883,000	11,682,000	12,350,000	12,303,000	12,299,000	12,330,000	12,330,000	12,201,000	10,212,000	10,235,000	10,210,000	10,179,000	5,747,000	5,778,000	5,747,000	5,683,000	5,643,000	5,661,000	5,638,000	5,613,000	5,577,000	111,607,000	111,590,000	111,173,000	110,100,000	110,295,000	109,987,000	109,643,000	108,771,000	108,856,000	108,714,000	108,423,000	98,689,000	96,275,000	96,170,000	95,860,000	91,226,000	90,860,000	90,707,000	90,477,000	89,908,000	90,058,000	89,767,000	89,482,000	92,628,000	93,331,000	92,649,000	92,129,000	90,697,000	91,443,000	91,032,000	88,533,000	80,111,000	84,993,000	82,495,000	67,960,000
diluted	11,641,000	11,883,000	11,682,000	12,554,000	12,568,000	12,299,000	12,330,000	12,330,000	12,201,000	10,212,000	10,393,000	10,210,000	10,179,000	5,951,000	10,552,000	10,481,000	5,683,000	5,643,000	5,661,000	5,638,000	5,613,000	5,577,000	111,607,000	111,590,000	111,173,000	110,100,000	110,295,000	109,987,000	109,643,000	108,771,000	108,856,000	108,714,000	110,857,000	98,689,000	96,275,000	96,170,000	95,860,000	91,226,000	90,860,000	90,707,000	90,477,000	89,908,000	91,687,000	91,884,000	91,469,000	95,308,000	96,198,000	95,695,000	95,191,000	94,604,000	94,734,000	94,606,000	94,356,000	86,937,000	92,339,000	89,794,000	74,741,000
earnings per share
basic	0.4			0.62	0.09	-0.648	-1.2			-1.64	0.78	-0.64		-2.23	2.85	1.61										-1.26	-4.83	-0.12	-0.07	0.023	-0.03	-0.14	0.26					-0.13	-0.2	-0.31	-0.25	-1.82	0.07	0.1	0.32	0.5	0.56	0.43	0.4	0.38	0.36	0.33	0.36	0.26	0.48	0.53	0.63
diluted	0.39			0.61	0.09	-0.648	-1.2			-1.64	0.77	-0.64		-1.75	1.82	1.15										-1.26	-4.83	-0.12	-0.07	0.023	-0.03	-0.14	0.25					-0.13	-0.2	-0.31	-0.25	-1.81	0.07	0.1	0.31	0.49	0.54	0.41	0.38	0.36	0.35	0.32	0.34	0.24	0.44	0.49	0.57
other comprehensive income, net of tax of 0 and 0 :
change in foreign currency translation	-3,612	2,396	-4,308	8,929	484	-22,239	14,254	621	-804	11,560	-10,710	7,749	4,158
gain on pension liability	-17	187	-4	75	36	152	25	-5	-15	-493	-36	6	15	2,103	66	57	30	739	45	-21	77			-22	21	-1,645	-17	5	-9	1,411	7	55	16			-82		-302	-14	24	-43	-22	-2	-29	99	-1,112			2
comprehensive income	863			16,704	1,642			-6,080	-11,134			1,176	687															-15,136	-3,063			-33,929	34,369					-32,909	-24,252	-51,325	-19,519	-178,362	-12,031	34,327	-8,542	23,045	17,757	51,233	37,538	43,082	57,295	27,786	9,189	25,627	51,384	37,398	53,018
gain on sale-leaseback transactions			-4,279,000	-6,903,000
foreign exchange losses and other		247,000	9,000	-3,942,000	-1,068,000	-6,549,000	9,631,000	3,006,000																									3,551,000	760,000	2,360,000	2,602,000		-6,795,000	-3,152,000	-10,014,000		-3,834,000	-2,910,000	4,055,000	-6,656,000	-3,715,000	-5,222,000	3,129,000	1,477,000	1,090,000	2,311,000	1,019,000	-1,467,000
loss on extinguishment of debt						552,000	1,839,000	463,000											196,000	4,161,000	933,000
income before income taxes		8,259,000	-10,480,000	13,919,000	4,889,000	-107,241,000	-10,204,000	-4,194,000	-6,787,000			-4,718,000	-670,000	-11,132,000	17,847,000	10,980,000	-7,346,000	-22,709,000	-10,738,000	-20,617,000	-27,945,000	-31,824,000	-20,534,000	-5,918,000	-51,494,000	-21,011,000	-536,358,000	-5,341,000	-6,161,000	-387,051,000	-4,162,000	-13,703,000	15,162,000	85,050,000	-22,645,000	-88,943,000	-28,741,000	-25,180,000	-29,816,000	-49,649,000	-33,354,000	-192,010,000	7,650,000	10,776,000	39,261,000	61,847,000	73,563,000	54,950,000	52,162,000	48,652,000	47,105,000	43,008,000	47,317,000	33,971,000	58,548,000	65,880,000	64,396,000
loss per share
basic		0.16	-1.76					-0.54	-0.85				-0.34				-1.62	-3.46	-2.05	-3.87	-5.28	-16.79	-0.19	-0.05	-0.33									0.53	-0.15	-0.81	-0.16
diluted		0.16	-1.76					-0.54	-0.85				-0.34				-1.62	-3.46	-2.05	-3.87	-5.28	-16.79	-0.19	-0.05	-0.33									0.53	-0.15	-0.81	-0.16
other comprehensive income, net of tax of 0:
comprehensive loss		4,655	-24,866			-125,587	-536			-5,713	-2,777			6,759	-6,147	-7,197	-16,161	-17,731	-17,364	-21,761	-26,434	-23,091	-15,664	-3,616	-45,969	-3,302	-539,264			-393,200	-4,583			-18,627	-3,317	-62,630	-8,561
gain on disposal of assets and other									-28,000					-333,000	-52,000	-908,000				-360,000													-397,000
foreign exchange and other losses									1,227,000	282,250	-8,279,000	6,436,000	2,972,000			-12,838,000	-5,986,000	-357,750	-3,962,000	-939,000	3,470,000	-232,750	3,445,000	631,000	-5,007,000			-2,146,000	2,277,000	-908,500	-1,325,000	-5,860,000
foreign exchange and other gains														-9,278,000	-18,288,000											-767,250	-3,200,000
other comprehensive income, net of tax:
change in foreign currency translation, net of tax of 0														-11,549.75	-22,690	-16,518	-6,992	-651	-5,822	66	3,152	10,253	5,942	1,900	-8,846	10,791	-6,260	-1,407	4,834	-10,868	-1,536	-18,635	6,287	2,069	11,547	15,325	7,222	-20,104	-6,243	-22,847	3,472	-14,717	-18,747	25,491	-37,297	-21,940	-34,474	11,690	1,030	8,314	24,114	-2,154	-22,749	1,689	10,441	-6,740	10,507
impairments of intangible assets, property and equipment																								112,000	17,320,000
deferred loan costs written off																							303,000	130,000	1,829,000																										2,149,000
impairments of goodwill, intangible assets, property and equipment																							2,962,000				532,336,000
contingent consideration benefit																													-4,629,000
loss from equity investment																													-849,000
gain realized on previously held equity investment																											-1,567,000
gain on extinguishment of debt																							-28,734,000	-36,285,000	-7,459,000
loss on pension liability																						-644	-55											-33.25	-36		-15
earnings from equity investment																										-79,500	-39,000	570,000		94,000	659,000	350,000	-963,000	-6,391,000	3,361,000	2,568,000	1,462,000	617,000	414,000	216,000	577,000	2,543,000	3,870,000	3,840,000	4,571,000	7,167,000	6,749,000	5,940,000	5,308,000	4,366,000	2,946,000
gain on contribution of subsea rentals business																																	-33,506,000
intangible asset impairments
goodwill and intangible asset impairments																														349,045,000		14,477,000
income tax benefit																														-3,091,500	-1,108,000		-12,904,000	-7,965,000	-7,817,000
net sales																																		247,700,000	198,709,000	201,115,000	171,096,000				159,441,000	196,148,000	244,993,000	284,415,000	348,096,000	438,678,000	468,822,000	428,279,000	403,938,000	393,733,000	390,192,000	367,887,000	372,999,000	330,165,000	347,767,000	373,512,000	363,489,000
goodwill and intangible asset impairment																																		17,160,500	638,000
loss on sale of assets and other																																		379,250	128,000	1,635,000	-246,000	558,250	2,217,000	48,000	-32,000	-66,000	11,000	37,000	-312,000	80,000	-85,000	-284,000	689,000	57,250	209,000	-115,000
deferred financing costs written off																																						647,000			2,588,000
less: income attributable to noncontrolling interest																																						6,000	-6,000	35,000	-5,000	-4,000	-2,000	-9,000	-16,000	10,000	5,000	21,000	-24,000	6,000	40,000	21,000	-2,000	8,000	20,000	17,000	29,000
net loss attributable to common stockholders																																		49,069,000	-14,828,000	-77,873,000	-15,768,000
less: comprehensive income attributable to noncontrolling interests																																																									64
comprehensive loss attributable to common stockholders																																		-18,627	-3,317	-62,630	-8,561
goodwill impairment																																				68,004,000
benefit for income tax expense																																				-11,070,000	-12,973,000
foreign exchange (gains) and other																																					1,546,000				-1,380,000
less: comprehensive loss attributable to noncontrolling interests																																						-6	-27	-36	-93	50	64	11	43	66	-32	-15	27	22	-32	20	62			28
provision for income tax expense																																						-12,677,000	-11,821,000	-21,147,000	-10,406,000	-28,387,000	932,000	1,911,000	10,605,000	15,750,000	21,332,000	15,407,000	15,656,000	14,107,000	13,924,000	13,068,000	15,379,000	10,033,000	17,605,000	21,742,000	21,885,000
net income attributable to common stockholders																																						-12,509,000	-17,989,000	-28,537,000	-22,943,000	-163,619,000	6,720,000	8,874,000	28,672,000	46,087,000	52,226,000	39,522,000	36,530,000	34,539,000	33,141,000	29,919,000	31,940,000	23,930,000	40,923,000	44,121,000	42,482,000
comprehensive income attributable to common stockholders																																						-32,915	-24,279	-51,361	-19,612	-178,312	-11,967	34,338	-8,499	23,111	17,725	51,218	37,565	43,104	57,263	27,806	9,251	25,630	51,373	37,426	52,954
contingent consideration expense																																																						32,000	-700,000	-4,900,000
impairment of intangible assets																																																								1,161,000
loss on sale of assets																																																					135,000	104,000	-1,616,000	56,000	21,000
other																																																						583,000	764,000	335,000	31,000
gain on derivative instruments, net of tax of 0, 219, 0 and 658
comprehensive loss attributable to noncontrolling interests																																																						-11.75	-11
gain on derivative instruments, net of tax of 0, 264, 0 and 439
contingent consideration																																																									1,000,000
gain on derivative instruments, net of tax of 0 and 175

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31

assets
current assets
cash and cash equivalents	37,488,000	34,661,000	31,693,000	38,967,000	31,143,000	44,661,000	33,313,000	31,826,000	48,488,000	46,165,000	37,151,000	24,756,000	46,764,000	51,029,000	19,778,000	26,904,000	20,602,000	46,858,000	50,044,000	60,361,000	100,810,000	128,617,000	20,020,000	109,678,000	108,949,000	57,911,000	28,897,000	37,365,000	29,694,000	47,241,000	26,940,000	39,105,000	42,340,000	115,216,000	156,392,000	220,470,000	204,914,000	234,422,000	132,534,000	137,229,000	131,977,000	109,249,000	76,185,000	57,841,000	83,891,000	76,579,000	74,084,000	32,642,000	66,954,000	39,582,000	28,201,000	199,480,000	26,945,000	41,063,000	17,932,000	14,802,000	15,826,000
accounts receivable—trade, net of allowances of 9,611 and 8,953	155,480,000
inventories	236,412,000	239,420,000	248,255,000	260,030,000	263,600,000	265,487,000	286,939,000	291,087,000	303,003,000	299,639,000	302,304,000	302,474,000	287,614,000	269,828,000	270,626,000	271,182,000	263,779,000	241,740,000	233,875,000	227,987,000	236,427,000	251,747,000	364,655,000	377,562,000	392,944,000	414,640,000	443,432,000	469,073,000	471,641,000	479,023,000	503,452,000	486,200,000	468,896,000	443,177,000	394,103,000	364,783,000	352,041,000	338,583,000	355,232,000	375,035,000	416,105,000	424,121,000	504,756,000	522,817,000	521,212,000	461,515,000	454,470,000	458,004,000	439,838,000	441,049,000	454,738,000	425,085,000	428,313,000	455,129,000	423,567,000	402,625,000	361,111,000
prepaid expenses and other current assets	21,907,000	23,017,000	15,985,000	19,058,000	18,251,000	19,179,000	22,701,000	19,828,000	20,893,000	21,887,000	24,670,000	27,820,000	23,196,000	21,957,000	22,649,000	23,843,000	23,417,000	23,702,000	34,848,000	21,593,000	19,225,000	19,018,000	33,031,000	46,997,000	45,009,000	33,820,000	31,803,000	31,520,000	28,746,000	23,677,000	27,915,000	17,941,000	32,863,000	17,618,000	27,705,000	27,229,000	24,861,000	29,443,000	29,626,000	23,954,000	26,846,000	33,836,000	39,430,000	41,458,000	31,202,000	32,985,000	38,309,000	21,730,000	22,887,000	29,707,000	22,488,000	15,281,000	13,248,000	12,744,000	17,127,000	17,933,000	11,542,000
costs and estimated profits in excess of billings	12,894,000	9,369,000	16,388,000	14,533,000	11,752,000	11,632,000	16,438,000	12,715,000	10,488,000	13,365,000	8,440,000	12,592,000	14,538,000	15,139,000	16,590,000	15,274,000	15,020,000	8,285,000	11,868,000	8,879,000	9,373,000	8,516,000	6,340,000	4,993,000	2,739,000	4,104,000	4,640,000	8,438,000	8,074,000	9,159,000	10,485,000	9,488,000	12,056,000	9,584,000	9,395,000	7,439,000	7,658,000	9,199,000	10,301,000	9,882,000	14,124,000	12,009,000	18,449,000	16,819,000	15,548,000	14,646,000	28,230,000	34,656,000	23,330,000	24,012,000	18,501,000	17,200,000	27,275,000	6,551,000	6,258,000	14,535,000	12,330,000
accrued revenue	135,000	21,000	21,000	99,000	311,000	752,000	1,250,000	1,615,000	1,935,000	1,801,000	771,000	820,000	671,000	665,000	934,000	893,000	1,240,000	2,245,000	2,041,000	1,205,000	1,132,000	1,687,000	1,617,000	1,303,000	1,226,000	1,260,000	1,084,000	873,000	1,020,000	862,000	1,769,000	1,796,000	2,860,000
total current assets	464,316,000	448,884,000	459,280,000	487,732,000	478,569,000	495,637,000	523,725,000	521,318,000	546,785,000	529,604,000	531,156,000	537,509,000	536,816,000	512,865,000	478,361,000	485,186,000	456,269,000	446,733,000	449,321,000	426,934,000	455,591,000	490,191,000	505,474,000	629,787,000	696,259,000	665,917,000	692,505,000	727,882,000	742,820,000	766,017,000	785,280,000	765,455,000	753,964,000	790,381,000	743,843,000	767,134,000	749,492,000	749,716,000	660,749,000	640,514,000	698,255,000	717,812,000	816,791,000	861,621,000	930,689,000	895,159,000	937,782,000	849,952,000	857,541,000	809,468,000	814,195,000	934,612,000	772,395,000	774,877,000	736,218,000	721,135,000	667,302,000
property and equipment	49,590,000	51,905,000	52,283,000	58,000,000	61,896,000	63,421,000	83,408,000	85,076,000	87,660,000	61,401,000	61,397,000	62,386,000	62,596,000	62,963,000	86,190,000	88,699,000	91,162,000	94,005,000	96,174,000	104,526,000	108,740,000	113,668,000	120,266,000	131,479,000	136,451,000	154,836,000	160,173,000	171,546,000	173,172,000	177,358,000	179,760,000	181,611,000	184,526,000	197,281,000	149,016,000	149,418,000	151,067,000	152,212,000	159,453,000	173,580,000	180,206,000	186,667,000	196,804,000	202,430,000	202,564,000	189,974,000	188,991,000	188,080,000	180,085,000	180,292,000	174,773,000	162,594,000	151,989,000	152,983,000	139,147,000	134,785,000	132,514,000
operating lease assets	83,217,000	80,733,000	81,268,000	77,793,000	68,077,000	70,389,000	54,058,000	52,514,000	54,818,000	55,399,000	56,363,000	56,038,000	57,039,000	57,270,000	20,833,000	22,237,000	24,733,000	25,431,000	26,333,000	28,503,000	29,630,000	31,520,000	33,907,000	35,476,000	36,820,000	48,682,000	50,706,000	53,958,000	55,408,000
deferred financing costs	3,085,000	1,580,000	1,723,000	1,867,000	2,011,000	2,154,000	2,298,000	2,441,000	2,585,000	1,159,000	927,000	1,007,000	1,086,000	1,166,000	1,245,000	1,325,000	1,404,000	1,484,000	1,552,000		125,000	249,000	374,000	828,000	1,036,000	1,243,000	1,450,000	1,657,000	1,864,000	2,071,000	2,278,000	2,485,000	2,692,000	2,900,000	657,000	809,000	960,000	1,112,000	1,412,000	1,581,000	1,750,000	4,125,000	11,189,000	11,828,000	12,467,000	13,107,000	13,746,000	14,385,000	15,024,000	15,658,000	11,885,000	6,985,000	7,508,000	8,045,000	8,554,000	9,089,000	9,618,000
goodwill	63,779,000	64,667,000	63,779,000	65,222,000	61,703,000	61,653,000	65,619,000	62,689,000	63,202,000																			471,466,000	470,674,000	469,647,000	752,361,000	751,134,000	757,801,000	755,245,000	619,632,000	595,833,000	656,876,000	652,743,000	660,976,000	662,929,000	671,190,000	669,036,000	799,601,000	808,374,000	795,394,000	798,481,000	808,762,000	824,400,000	799,239,000	802,318,000	791,823,000	684,375,000	685,202,000	695,799,000	608,388,000	602,795,000	606,564,000
intangible assets	87,962,000	93,637,000	97,234,000	103,685,000	104,155,000	109,230,000	242,330,000	249,826,000	261,405,000	167,970,000	173,394,000	179,806,000	185,629,000	191,481,000	196,581,000	203,787,000	210,874,000		220,908,000	227,638,000	233,711,000		247,298,000	252,989,000	259,082,000		279,371,000	341,920,000	350,309,000		390,489,000	399,485,000	426,744,000		224,565,000	213,312,000	217,534,000				240,967,000
deferred income taxes	7,725,000		11,463,000	13,031,000	11,851,000		149,000	132,000	130,000		368,000	917,000	99,000		632,000	628,000	460,000	203,000	123,000	132,000	97,000	102,000	157,000	346,000	141,000	654,000			1,735,000	1,234,000	8,317,000	6,690,000	4,015,000	3,344,000	9,719,000	3,945,000	2,482,000	851,000	720,000	736,000	779,000		20,380,000	23,066,000	22,432,000	22,389,000	28,834,000	26,316,000	24,381,000	24,846,000	40,006,000	31,898,000	31,766,000	30,443,000	22,585,000	18,702,000	18,755,000
other long-term assets	3,391,000	3,162,000	3,062,000	2,803,000	1,848,000	2,025,000	2,150,000	2,761,000	4,804,000	5,160,000	5,266,000	6,047,000	6,691,000	8,828,000	6,408,000	5,630,000	6,027,000	6,075,000	5,554,000	16,428,000	16,065,000	13,752,000	16,545,000	15,953,000	15,703,000	16,365,000	14,947,000	8,745,000	9,069,000	9,295,000	9,672,000	9,318,000	9,677,000	3,013,000	2,924,000	2,883,000	2,917,000	3,000,000	3,032,000	3,218,000	3,126,000	3,253,000	3,494,000	4,001,000	3,381,000	3,493,000	5,797,000	4,696,000	5,384,000	5,489,000	5,773,000	4,135,000	4,270,000	3,857,000	3,986,000	7,932,000	13,634,000
total assets	763,065,000	752,455,000	770,092,000	810,133,000	790,110,000	815,954,000	973,737,000	976,757,000	1,021,389,000	821,061,000	828,871,000	843,710,000	849,956,000	834,757,000	790,250,000	807,492,000	790,929,000	791,336,000	799,965,000	804,161,000	843,959,000	889,926,000	924,021,000	1,066,858,000	1,145,492,000	1,159,997,000	1,199,152,000	1,821,711,000	1,850,170,000	1,829,652,000	2,169,508,000	2,157,330,000	2,182,505,000	2,195,228,000	1,814,855,000	1,795,844,000	1,842,971,000	1,835,192,000	1,770,385,000	1,773,186,000	1,854,569,000	1,886,042,000	2,141,386,000	2,209,373,000	2,268,997,000	2,221,628,000	2,294,127,000	2,235,344,000	2,210,717,000	2,168,869,000	2,168,284,000	2,037,220,000	1,871,535,000	1,892,980,000	1,722,984,000	1,706,495,000	1,667,242,000
liabilities and equity
current liabilities
current portion of long-term debt	1,383,000	1,407,000	1,437,000	1,661,000	1,830,000	1,866,000	69,385,000	6,518,000	5,150,000	1,186,000	1,076,000	1,053,000	988,000	782,000	502,000	690,000	751,000	860,000	1,000,000	1,024,000	1,054,000	1,322,000	1,295,000	1,320,000	1,021,000	717,000	1,220,000	1,169,000	108,000	1,167,000	948,000	1,079,000	1,133,000	1,156,000	1,133,000	1,143,000	1,177,000	124,000	38,000	44,000	82,000	253,000	335,000	623,000	789,000	840,000	898,000	914,000	974,000	998,000	31,110,000	26,338,000	22,576,000
accounts payable—trade	114,689,000	94,561,000	113,732,000	106,084,000	106,947,000	109,651,000	117,164,000	111,150,000	108,254,000	125,918,000	124,146,000	136,534,000	129,934,000	118,261,000	111,253,000	110,744,000	115,177,000	99,379,000	85,953,000	72,288,000	53,561,000	46,351,000	60,057,000	70,200,000	98,850,000	98,720,000	124,062,000	137,819,000	152,310,000	143,186,000	142,540,000	153,101,000	143,897,000	137,684,000	123,148,000	113,947,000	100,363,000	73,775,000	60,146,000	69,041,000	75,568,000	76,823,000	92,244,000	114,948,000	162,908,000	127,757,000	134,078,000	129,639,000	122,302,000	100,221,000	111,103,000	97,481,000	92,997,000	98,990,000	107,172,000	114,493,000	103,361,000
accrued liabilities	63,834,000	76,244,000	69,477,000	70,488,000	71,097,000	77,239,000	70,579,000	61,862,000	64,937,000	62,463,000	64,184,000	58,126,000	58,839,000	76,544,000	74,498,000	63,705,000	62,426,000	58,436,000	65,018,000	65,790,000	68,195,000	67,581,000	70,143,000	70,620,000	74,754,000	86,625,000	87,148,000	74,978,000	72,846,000	81,032,000	69,846,000	63,385,000	62,756,000	66,765,000	64,718,000	56,703,000	51,968,000	55,604,000	55,824,000	51,137,000	55,934,000	58,563,000	79,241,000	82,176,000	108,085,000	126,890,000	123,402,000	82,444,000	90,592,000	96,529,000	96,612,000	86,434,000	104,596,000	93,701,000	93,114,000	89,742,000
deferred revenue	17,220,000	17,438,000	13,694,000	12,011,000	9,025,000	8,584,000	9,147,000	10,331,000	10,276,000	10,551,000	14,140,000	11,548,000	13,420,000	14,401,000	10,141,000	7,658,000	7,904,000	7,276,000	8,270,000	6,547,000	8,240,000	7,863,000	5,495,000	3,557,000	5,708,000	4,877,000	7,152,000	8,046,000	7,010,000	8,335,000	7,726,000	5,821,000	8,614,000	8,819,000	8,506,000	8,841,000	7,436,000	8,338,000	8,751,000	9,092,000	9,119,000	7,283,000	9,342,000	8,604,000	9,205,000	10,919,000	14,816,000	12,850,000	19,380,000	15,837,000	18,793,000	28,709,000	22,253,000	33,720,000	19,055,000	17,479,000	18,139,000
billings in excess of costs and profits recognized	11,486,000	16,884,000	11,285,000	12,020,000	5,787,000	4,516,000	4,748,000	4,213,000	4,480,000	4,221,000	4,739,000	2,913,000	421,000	305,000	683,000	1,514,000	5,851,000	9,705,000	5,450,000	5,505,000	2,621,000	1,817,000	169,000	2,540,000	4,876,000	5,911,000	4,507,000	2,284,000	1,426,000	3,210,000	5,160,000	6,004,000	816,000	1,881,000	1,530,000	1,116,000	1,848,000	4,004,000	1,604,000	2,387,000	4,002,000	8,631,000	9,111,000	9,811,000	11,873,000	15,785,000	19,043,000	14,642,000	15,921,000	6,398,000	12,996,000	22,547,000	15,923,000	17,582,000	2,513,000	1,242,000	8,434,000
total current liabilities	208,612,000	206,534,000	209,625,000	202,264,000	194,686,000	201,856,000	271,023,000	194,074,000	193,097,000	204,339,000	208,285,000	210,174,000	203,602,000	210,293,000	197,077,000	184,311,000	192,109,000	175,656,000	165,691,000	151,154,000	133,671,000	124,934,000	137,159,000	148,237,000	185,209,000	196,850,000	224,089,000	224,296,000	233,700,000	236,930,000	226,220,000	229,390,000	217,216,000	216,305,000	199,035,000	181,750,000	162,792,000	141,845,000	126,363,000	131,701,000	144,705,000	151,553,000	190,273,000	216,162,000	292,860,000	282,191,000	292,237,000	240,489,000	249,169,000	219,983,000	270,614,000	261,624,000	274,528,000	280,875,000	257,011,000	255,909,000	269,939,000
long-term debt	152,337,000	134,521,000	138,548,000	157,664,000	169,549,000	186,525,000	162,154,000	246,348,000	282,302,000	129,567,000	128,537,000	137,826,000	151,999,000	239,128,000	247,511,000	268,845,000	233,742,000	232,370,000	231,127,000	231,696,000	267,330,000	293,373,000	290,019,000	412,442,000	444,936,000	398,862,000	399,805,000	477,982,000	487,916,000	517,544,000	465,969,000	465,853,000	456,577,000	506,750,000	398,145,000	398,090,000	398,003,000	396,747,000	396,498,000	396,334,000	396,170,000	396,016,000	402,556,000	437,673,000	467,804,000	428,010,000	420,417,000	436,650,000	476,631,000	512,077,000	499,990,000	504,207,000	366,018,000	400,201,000	299,129,000	349,948,000	647,288,000
operating lease liabilities	86,476,000	83,957,000	85,182,000	80,218,000	70,727,000	73,145,000	57,908,000	57,520,000	59,898,000	61,450,000	62,569,000	63,271,000	64,299,000	64,626,000	28,025,000	30,275,000	32,763,000	34,745,000	36,437,000	39,433,000	41,603,000	44,536,000	46,299,000	44,086,000	46,382,000	49,938,000	51,718,000	53,206,000	55,952,000
other long-term liabilities	15,723,000	15,875,000	18,590,000	13,302,000	12,574,000	10,850,000	10,629,000	10,279,000	11,707,000	12,132,000	11,456,000	11,226,000	12,162,000	12,773,000	14,114,000	14,558,000	16,371,000	18,605,000	19,172,000	18,573,000	17,883,000	18,895,000	21,109,000	19,169,000	24,674,000	25,843,000	25,451,000	25,904,000	26,764,000	29,753,000	34,769,000	31,781,000	32,688,000	31,925,000	34,858,000	35,183,000	34,987,000	34,654,000	30,341,000	30,859,000	31,464,000	29,956,000	23,409,000	22,396,000	18,784,000	17,318,000	13,135,000	12,015,000	8,736,000	8,069,000	8,491,000	81,000					32,000
total liabilities	482,382,000	461,312,000	472,782,000	475,913,000	470,068,000	496,054,000	530,207,000	534,767,000	575,187,000	408,428,000	411,751,000	424,434,000	433,113,000	527,722,000	487,645,000	499,038,000	476,173,000	462,210,000	453,947,000	442,451,000	462,400,000	483,690,000	496,739,000	625,877,000	703,430,000	673,958,000	713,690,000	801,500,000	819,111,000	799,526,000	748,757,000	739,355,000	735,649,000	786,212,000	636,213,000	620,028,000	609,812,000	599,431,000	592,295,000	577,578,000	612,605,000	628,625,000	710,443,000	774,062,000	876,357,000	825,707,000	826,071,000	795,152,000	833,270,000	837,903,000	884,196,000	820,269,000	693,453,000	730,825,000	593,732,000	643,502,000	953,716,000
commitments and contingencies
equity
common stock, 0.01 par value...	135,000	132,000	132,000	132,000	132,000	130,000	130,000	130,000	130,000	109,000	109,000	109,000	109,000	62,000	62,000	62,000	62,000	61,000	61,000	60,000	60,000	60,000	1,196,000	1,196,000	1,196,000	1,189,000	1,186,000	1,183,000	1,183,000	1,174,000	1,172,000	1,171,000	1,170,000	1,163,000	1,048,000	1,047,000	1,047,000	1,037,000	996,000	994,000	993,000	986,000	985,000	983,000	981,000	979,000	942,000	938,000	932,000	928,000	926,000	924,000	920,000	875,000	866,000	857,000	680,000
additional paid-in capital	1,420,832,000	1,427,589,000	1,424,919,000	1,422,138,000	1,420,366,000	1,419,871,000	1,417,914,000	1,415,838,000	1,413,970,000	1,369,288,000	1,368,062,000	1,367,441,000	1,366,184,000	1,253,613,000	1,252,945,000	1,252,647,000	1,251,752,000	1,249,962,000	1,248,061,000	1,246,389,000	1,244,477,000	1,242,720,000	1,239,539,000	1,237,574,000	1,235,039,000	1,231,650,000	1,227,768,000	1,223,251,000	1,218,963,000	1,214,928,000	1,212,355,000	1,204,967,000	1,199,875,000	1,195,339,000	1,016,458,000	1,010,271,000	1,004,935,000	998,169,000	907,300,000	900,469,000	895,307,000	891,248,000	886,221,000	878,508,000	869,857,000	864,313,000	858,663,000	847,996,000	835,270,000	826,064,000	818,774,000	808,616,000	796,983,000	764,635,000	756,738,000	741,783,000	429,811,000
treasury stock	-181,238,000	-176,669,000	-163,177,000	-148,352,000	-144,054,000	-142,057,000	-142,057,000	-142,057,000	-142,057,000	-142,057,000	-142,057,000	-142,057,000	-142,057,000	-138,560,000	-135,562,000	-135,562,000	-135,562,000	-135,562,000	-134,500,000	-134,499,000	-134,499,000	-134,499,000	-134,499,000	-134,499,000	-134,499,000	-134,493,000	-134,487,000	-134,482,000	-134,482,000	-134,434,000	-134,434,000	-134,404,000	-134,359,000	-134,293,000	-134,293,000	-134,248,000	-134,199,000	-133,941,000	-133,611,000	-133,511,000	-133,318,000	-133,318,000	-133,126,000	-133,074,000	-132,765,000	-132,480,000	-31,578,000	-31,130,000	-30,469,000	-30,249,000	-26,783,000	-26,464,000	-25,933,000	-25,933,000	-25,933,000	-25,877,000	-25,877,000
retained deficit	-839,965,000	-844,457,000	-846,529,000	-825,975,000	-833,675,000	-834,797,000	-731,297,000	-716,482,000	-709,786,000	-699,471,000	-682,691,000	-690,660,000	-684,081,000	-680,595,000	-667,765,000	-684,242,000	-693,506,000	-684,307,000	-664,712,000	-653,125,000	-631,319,000		-568,956,000	-547,405,000	-541,911,000
accumulated other comprehensive loss	-119,081,000	-115,452,000	-118,035,000	-113,723,000	-122,727,000	-123,247,000	-101,160,000	-115,439,000	-116,055,000	-115,236,000	-126,303,000	-115,557,000	-123,312,000	-127,485,000	-147,075,000	-124,451,000	-107,990,000	-101,028,000	-102,892,000	-97,115,000	-97,160,000	-100,389,000	-109,998,000	-115,885,000	-117,763,000	-108,938,000	-118,084,000	-111,807,000	-110,405,000	-115,230,000	-105,773,000	-104,244,000	-85,664,000	-91,967,000	-94,276,000	-105,787,000		-128,237,000				-82,048,000							8,820,000		-779,000	-24,902,000	-22,789,000	-100,000	-1,800,000	-12,250,000	-5,510,000
total equity	280,683,000	291,143,000	297,310,000	334,220,000	320,042,000	319,900,000	443,530,000	441,990,000	446,202,000	412,633,000	417,120,000	419,276,000	416,843,000	307,035,000	302,605,000	308,454,000	314,756,000	329,126,000	346,018,000	361,710,000	381,559,000	406,236,000	427,282,000	440,981,000	442,062,000	486,039,000	485,462,000	1,020,211,000	1,031,059,000		1,420,751,000	1,417,975,000	1,446,856,000	1,409,016,000	1,178,642,000	1,175,816,000	1,233,159,000	1,235,761,000	1,178,090,000	1,195,608,000	1,241,964,000	1,257,417,000	1,430,943,000	1,435,311,000	1,392,640,000	1,395,921,000	1,468,056,000	1,440,192,000	1,377,447,000	1,330,966,000	1,284,088,000	1,216,951,000	1,178,082,000	1,162,155,000	1,129,252,000	1,062,993,000	713,526,000
total liabilities and equity	763,065,000	752,455,000	770,092,000	810,133,000	790,110,000	815,954,000	973,737,000	976,757,000	1,021,389,000	821,061,000	828,871,000	843,710,000	849,956,000	834,757,000	790,250,000	807,492,000	790,929,000	791,336,000	799,965,000	804,161,000	843,959,000	889,926,000	924,021,000	1,066,858,000	1,145,492,000	1,159,997,000	1,199,152,000	1,821,711,000	1,850,170,000	1,829,652,000	2,169,508,000	2,157,330,000	2,182,505,000	2,195,228,000	1,814,855,000	1,795,844,000	1,842,971,000	1,835,192,000	1,770,385,000	1,773,186,000	1,854,569,000	1,886,042,000	2,141,386,000	2,209,373,000	2,268,997,000	2,221,628,000	2,294,127,000	2,235,344,000	2,210,717,000	2,168,869,000	2,168,284,000	2,037,220,000	1,871,535,000	1,892,980,000	1,722,984,000	1,706,495,000	1,667,242,000
accounts receivable—trade, net of allowances of 8,953 and 9,529		142,396,000
deferred tax assets		7,887,000				11,445,000				368,000				184,000
deferred tax liabilities		20,425,000				23,678,000				940,000				902,000
accounts receivable—trade, net of allowances of 9,180 and 9,529			146,938,000
accounts receivable—trade, net of allowances of 9,182 and 9,529				155,045,000
accounts receivable—trade, net of allowances of 9,305 and 9,529					153,512,000
accounts receivable—trade, net of allowances of 9,529 and 10,850						153,926,000
accounts receivable—trade, net of allowances of 9,507 and 10,850							163,084,000
accounts receivable—trade, net of allowances of 9,392 and 10,850								164,247,000
accounts receivable—trade, net of allowances of 9,983 and 10,850									161,978,000
accounts receivable—trade, net of allowances of 10,850 and 10,690										146,747,000
accounts receivable—trade, net of allowances of 10,945 and 10,690											157,820,000
accounts receivable—trade, net of allowances of 11,221 and 10,690												169,047,000
accounts receivable—trade, net of allowances of 11,102 and 10,690													164,033,000
accounts receivable—trade, net of allowances of 10,690 and 11,114														154,247,000
accounts receivable—trade, net of allowances of 10,026 and 11,114															147,783,000
accounts receivable—trade, net of allowances of 9,630 and 11,114																147,090,000
accounts receivable—trade, net of allowances of 9,965 and 11,114																	132,211,000
accounts receivable—trade, net of allowances of 11,114 and 9,217																		123,903,000
intangibles																		217,405,000				240,444,000				272,300,000				359,048,000				443,064,000				216,418,000	225,520,000	232,519,000		246,650,000	257,050,000	265,811,000	270,255,000	271,739,000	281,850,000	295,710,000	287,844,000	295,352,000	307,558,000	244,519,000	250,171,000	257,419,000	226,691,000	230,759,000	237,610,000
accounts receivable—trade, net of allowances of 10,432 and 9,217																			116,645,000
accounts receivable—trade, net of allowances of 10,073 and 9,217																				106,909,000
accounts receivable—trade, net of allowances of 9,921 and 9,217																					88,624,000
accounts receivable—trade, net of allowances of 9,217 and 9,048																						80,606,000
retained earnings																						-601,656,000				-503,369,000	-490,921,000	42,066,000	55,800,000	63,688,000	447,431,000	450,485,000	465,834,000	438,774,000	389,705,000	404,533,000	482,406,000	498,174,000	510,683,000	528,672,000	557,209,000	580,152,000	743,771,000	737,051,000	728,177,000	699,505,000	653,418,000	601,192,000	561,670,000	525,140,000	490,601,000	457,460,000	427,541,000	395,601,000	371,671,000	330,748,000	286,627,000
accounts receivable—trade, net of allowances of 9,819 and 9,048																							79,811,000
accounts receivable—trade, net of allowances of 9,450 and 9,048																								89,254,000
accounts receivable—trade, net of allowances of 8,277 and 9,048																									145,392,000
accounts receivable—trade, net of allowances of 9,048 and 7,432																										154,182,000
investment in unconsolidated subsidiary																												44,537,000	45,119,000	44,982,000	41,351,000	41,152,000	43,086,000		64,499,000	62,510,000	61,643,000	59,140,000	58,523,000	58,109,000	58,296,000	57,719,000	56,457,000	55,308,000	54,247,000	49,675,000	57,199,000	58,121,000	65,600,000	60,292,000	62,277,000
accounts receivable—trade, net of allowances of 9,618 and 7,432																											182,649,000
accounts receivable—trade, net of allowances of 8,920 and 7,432																												180,613,000
accounts receivable—trade, net of allowances of 9,343 and 7,432																													203,645,000
accounts receivable—trade																														206,055,000	214,719,000	210,925,000	194,949,000	202,914,000	154,376,000	145,341,000	127,217,000	105,268,000	100,255,000	94,414,000	109,203,000	138,597,000	157,591,000	199,620,000	256,404,000	287,045,000	313,855,000	276,604,000	280,151,000	250,272,000	250,261,000	245,668,000	244,848,000	228,947,000	248,749,000	252,538,000	247,738,000
total stockholders’ equity																														1,030,126,000				1,409,016,000	1,178,642,000	1,175,816,000	1,233,159,000	1,235,202,000	1,177,537,000	1,195,082,000	1,241,474,000	1,257,020,000	1,430,496,000	1,434,800,000	1,392,118,000	1,395,356,000	1,467,487,000	1,439,593,000	1,376,863,000	1,330,355,000	1,283,455,000	1,216,350,000	1,177,461,000	1,161,472,000	1,128,566,000	1,062,318,000	712,823,000
income tax receivable																																		1,872,000	1,872,000	1,872,000	32,801,000	32,801,000	32,801,000
noncontrolling interest in subsidiary																																						559,000	553,000	526,000	490,000	397,000	447,000	511,000	522,000	565,000	569,000	599,000	584,000	611,000	633,000	601,000	621,000	683,000	686,000	675,000	703,000
accumulated other comprehensive income																																					-121,030,000		-107,831,000	-101,542,000	-78,717,000		-67,355,000	-48,668,000	-74,132,000	-36,961,000	-13,984,000	20,515,000		7,785,000
warrants																																															26,000	82,000	640,000	687,000	716,000	716,000	739,000	26,394,000	27,024,000	27,057,000	27,092,000
contingent consideration liability																																																					15,664,000	15,664,000	15,632,000	16,332,000	39,459,000
derivative instruments																																																				115,000	519,000	714,000	1,025,000
current portion of long-term debt and capital lease obligations																																																						20,504,000	18,500,000	16,621,000	8,022,000
accrued liabilities and other current liabilities																																																									92,524,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31

cash flows from operating activities
net income	4,492,000			7,700,000	1,122,000					-16,780,000	7,969,000			-12,830,000	16,477,000												-532,987,000	-13,734,000	-7,888,000		-3,054,000	-15,349,000	28,066,000					-12,503,000	-17,995,000	-28,502,000	-22,948,000	-163,623,000	6,718,000	8,865,000	28,656,000	46,097,000	52,231,000	39,543,000	36,506,000	34,545,000	33,181,000	29,940,000	31,938,000	23,938,000	40,943,000	44,138,000	42,511,000
adjustments to reconcile net income to net cash from operating activities:
depreciation expense	3,186,000	3,270,000	3,244,000	3,614,000	3,689,000	4,236,000	4,436,000	4,152,000	4,072,000	2,879,000	2,893,000	2,457,000	2,570,000	2,763,000	2,936,000	3,319,000	3,423,000	3,905,000	3,937,000	4,269,000	4,953,000	5,335,000	5,853,000	5,941,000	7,355,000	7,756,000	7,806,000	7,554,000	7,513,000	8,173,000	8,617,000	8,200,000	8,158,000	9,189,000	7,986,000	8,227,000	8,999,000	8,495,000	8,812,000	9,045,000	9,284,000	9,667,000	9,725,000	9,483,000	9,513,000	9,140,000	9,624,000	9,527,000	9,123,000	9,668,000	9,307,000	8,718,000	8,473,000	8,324,000	8,104,000	8,195,000	6,835,000
amortization of intangible assets	4,616,000	4,571,000	4,619,000	5,462,000	5,286,000	7,925,000	9,251,000	9,879,000	9,766,000	5,855,000	6,031,000	6,027,000	6,016,000	6,050,000	6,103,000	6,166,000	6,218,000	6,216,000	6,234,000	6,305,000	6,357,000	6,582,000	6,563,000	6,533,000	6,838,000	6,991,000	8,013,000	8,762,000	8,846,000	10,455,000	9,973,000	10,432,000	10,500,000	10,698,000	6,926,000	6,581,000	6,523,000	6,415,000	6,478,000	6,619,000	6,612,000	6,737,000	6,887,000	6,902,000	6,769,000	7,050,000	6,930,000	6,903,000	6,775,000	6,935,000	6,418,000	5,597,000	5,463,000	5,375,000	4,896,000	5,085,000	4,990,000
inventory write-down	397,000
stock-based compensation expense	2,520,000	2,670,000	2,781,000	1,772,000	1,818,000	1,957,000	2,076,000	1,531,000	1,573,000	1,226,000	1,247,000	1,257,000	841,000	668,000	765,000	621,000	2,151,000	1,903,000	1,881,000	1,914,000	1,896,000	2,058,000	1,966,000	2,537,000	3,223,000	3,923,000	3,661,000	4,352,000	3,910,000
deferred income taxes	-846,000	8,599,000	406,000	-2,111,000	-1,559,000	-14,394,000	-908,000	-1,270,000	-1,002,000	-111,000	-788,000	274,000	421,000	1,740,000	-645,000	-959,000	-266,000	3,264,000	-153,000	-585,000	265,000	-236,000	-298,000	-767,000	1,152,000	-11,547,000	-7,485,000	7,068,000	-1,021,000	854,000	7,841,000	-19,512,000	-2,735,000	31,190,000	-6,606,000	-10,648,000	-13,787,000	-11,430,000	20,424,000	-22,580,000	-10,832,000	-21,718,000	-1,597,000	1,391,000	-1,322,000	1,207,000	-10,784,000	4,882,000	1,425,000	4,148,000	8,321,000	1,319,000	1,834,000
other	1,438,000	21,000	444,000	707,000	334,000	869,000	2,192,000																							-1,286,000	844,000	997,000	531,000	-662,000	1,195,000	2,655,000	698,000	252,000	2,069,000	2,497,000	-429,000	-656,000	1,935,000	1,677,000	911,000	2,957,000	1,307,000	345,000	1,992,000	501,000	-325,000	174,000	733,000	3,045,000	-3,689,000	2,019,000	733,000
changes in operating assets and liabilities
accounts receivable—trade	-14,810,000	4,882,000	7,308,000	1,391,000	1,113,000	5,971,000	1,765,000	-2,929,000	8,783,000	11,457,000	9,892,000	-4,624,000	-10,047,000	-6,073,000	-3,407,000	-16,154,000	-9,168,000	-6,744,000	-10,630,000	-18,586,000	-8,999,000	-4,634,000	9,275,000	54,127,000	6,773,000	29,217,000	-3,572,000	23,403,000	684,000	14,717,000	-3,914,000	-18,670,000	3,034,000	-21,677,000	-5,523,000	-18,048,000	-19,596,000	-6,223,000	-6,006,000	12,915,000	28,764,000	16,152,000	38,657,000	60,706,000	30,238,000	23,066,000	-43,013,000	9,565,000	-34,345,000	747,000	20,766,000	-1,523,000	-18,802,000	31,687,000	5,306,000	-5,993,000	-18,128,000
inventories	1,756,000	6,912,000	-5,837,000	7,145,000	2,850,000	18,026,000	4,672,000	10,192,000	8,577,000	3,685,000	-1,841,000	-15,649,000	-18,123,000	2,549,000	-3,565,000	-10,564,000	-23,031,000	-11,154,000	-8,374,000	7,737,000	13,726,000	22,049,000	11,293,000	11,575,000	6,704,000	26,065,000	19,867,000	1,385,000	6,948,000	6,604,000	-14,828,000	-25,316,000	-27,363,000	-22,358,000	-27,488,000	-10,673,000	-6,127,000	12,756,000	17,259,000	18,231,000	9,048,000	25,073,000	14,280,000	-1,399,000	-37,610,000	-11,360,000	-2,825,000	-12,228,000	533,000	-2,129,000	11,359,000	2,188,000	21,717,000	-4,320,000	-18,417,000	-42,752,000	-34,779,000
prepaid expenses and other current assets	604,000	-6,960,000	1,366,000	-345,000	1,740,000	3,560,000	-1,520,000																											10,778,000	-548,000	-2,354,000	4,586,000	-6,042,000	771,000	-420,000	6,762,000	5,595,000	2,710,000	-6,283,000	1,554,000	2,765,000	-17,843,000	2,181,000	8,790,000	-8,240,000	-9,335,000	-1,803,000	-1,037,000	5,306,000	4,532,000	6,093,000	-295,000
cost and estimated profit in excess of billings	-3,663,000		-1,990,000	-2,417,000	-27,000		-3,387,000	-2,201,000	2,822,000		3,974,000	2,076,000	769,000		-2,257,000	-1,123,000	-6,871,000		-3,634,000	446,000	-281,000		-1,514,000	-2,331,000	1,374,000		3,485,000	-310,000	1,015,000		-986,000	3,529,000	-3,420,000
accounts payable, deferred revenue and other accrued liabilities	7,292,000	-18,027,000	14,847,000	-6,473,000	-8,587,000	-5,169,000	18,137,000	3,435,000	-24,071,000	3,363,000	-10,693,000	7,963,000	-5,527,000	22,786,000	-176,000	-13,697,000	11,851,000	408,000	11,657,000	16,570,000	7,692,000	-8,632,000	-4,569,000	-41,243,000	-14,955,000	-26,728,000	-4,112,000	-18,467,000	1,251,000	-16,265,000	1,095,000	4,450,000	6,528,000	3,016,000	13,943,000	18,885,000	16,298,000	18,929,000	-4,910,000	-10,411,000	191,000	-29,768,000	-19,108,000	-74,981,000	12,593,000	-3,972,000	54,820,000	-10,743,000	22,667,000	7,537,000	-650,000	-5,396,000	-2,966,000	-20,961,000	-3,401,000	6,061,000	13,520,000
billings in excess of costs and profits recognized	-5,355,000	5,521,000	-542,000	5,861,000	1,157,000	47,000	372,000
net cash from operating activities	1,627,000	22,437,000	22,866,000	15,773,000	9,326,000	38,516,000	25,602,000	23,050,000	5,023,000	11,260,000	26,414,000	-6,363,000	-23,128,000	15,078,000	18,427,000	-25,684,000	-24,875,000	-7,675,000	-10,456,000	3,694,000	-1,338,000	2,182,000	3,778,000	-3,644,000	1,567,000	28,493,000	34,867,000	22,897,000	17,887,000	26,753,000	1,391,000	-6,415,000	-19,322,000	-22,950,000	-21,842,000	19,765,000	-15,006,000	20,522,000	-697,000	18,061,000	26,856,000	38,207,000	61,822,000	7,397,000	48,487,000	90,213,000	66,670,000	50,197,000	62,886,000	47,266,000	74,672,000	60,961,000	28,494,000	63,283,000	49,606,000	4,127,000	20,925,000
capital expenditures	577,000	-1,562,000	-1,392,000	-1,334,000	-1,296,000	-2,290,000	-1,152,000	-1,498,000	-2,910,000	-2,447,000	-2,688,000	-1,726,000	-1,083,000	-2,713,000	-1,209,000	-2,710,000	-860,000	-1,400,000	-295,000	-315,000	-389,000	-78,000	-630,000	-580,000	-958,000	-2,495,000	-3,336,000	-5,584,000	-3,687,000	-4,187,000	-5,716,000	-9,060,000	-5,080,000	-7,053,000	-6,636,000	-9,552,000	-3,468,000	-3,390,000	-3,398,000	-5,779,000	-4,261,000	-4,245,000	-8,366,000	-8,259,000	-11,421,000	-14,538,000	-11,214,000	-17,635,000	-11,083,000	-15,546,000	-14,652,000	-19,957,000	-10,108,000	-11,906,000	-12,642,000	-12,827,000	-12,310,000
free cash flows	2,204,000	20,875,000	21,474,000	14,439,000	8,030,000	36,226,000	24,450,000	21,552,000	2,113,000	8,813,000	23,726,000	-8,089,000	-24,211,000	12,365,000	17,218,000	-28,394,000	-25,735,000	-9,075,000	-10,751,000	3,379,000	-1,727,000	2,104,000	3,148,000	-4,224,000	609,000	25,998,000	31,531,000	17,313,000	14,200,000	22,566,000	-4,325,000	-15,475,000	-24,402,000	-30,003,000	-28,478,000	10,213,000	-18,474,000	17,132,000	-4,095,000	12,282,000	22,595,000	33,962,000	53,456,000	-862,000	37,066,000	75,675,000	55,456,000	32,562,000	51,803,000	31,720,000	60,020,000	41,004,000	18,386,000	51,377,000	36,964,000	-8,700,000	8,615,000
cash flows from investing activities
capital expenditures for property and equipment	-256,000	-1,562,000	-1,392,000	-951,000	-2,110,000	-2,410,000	-1,327,000	-1,498,000	-2,910,000	-2,447,000	-2,688,000	-1,726,000	-1,083,000	-2,713,000	-1,209,000	-2,710,000	-860,000	-1,400,000	-295,000	-315,000	-389,000	-78,000	-630,000	-580,000	-958,000	-2,495,000	-3,336,000	-5,584,000	-3,687,000	-4,187,000	-5,716,000	-9,060,000	-5,080,000	-7,053,000	-6,636,000	-9,552,000	-3,468,000	-3,390,000	-3,398,000	-5,779,000	-4,261,000	-4,245,000	-8,366,000	-8,259,000	-11,421,000	-13,860,000	-11,214,000	-17,635,000	-11,083,000	-15,546,000	-14,652,000	-19,957,000	-10,108,000	-11,906,000	-12,642,000	-12,827,000	-12,310,000
proceeds from sale of property and equipment	3,000	844,000	106,000	43,000	14,000	467,000	218,000	-159,000	177,000	30,000	235,000	842,000	264,000	335,000	64,000	2,490,000	118,000		4,720,000	607,000	1,499,000																														357,000	200,000	182,000
net cash from investing activities	-253,000	-718,000	5,260,000	7,120,000	-2,096,000	18,381,000	-1,431,000	-1,657,000	-152,819,000	-2,417,000	-2,453,000	-884,000	-819,000	29,731,000	-1,145,000	-705,000	-742,000	6,154,000	4,425,000	-991,000	1,110,000	106,231,000	2,221,000	719,000	-921,000	937,000	36,044,000	-5,293,000	-3,553,000	-56,745,000	-13,331,000	-5,325,000	-6,000	-121,230,000	-45,638,000	-7,893,000	-13,207,000	1,291,000	-3,398,000	-5,078,000	-3,952,000	-4,123,000	-8,075,000	-7,513,000	-71,595,000	-1,205,000	-11,682,000	-53,395,000	-4,409,000	-15,322,000	-241,414,000	-20,866,000	-11,428,000	-148,689,000	-10,536,000	-11,543,000	-13,755,000
cash flows from financing activities
borrowings on credit facility	137,934,000		127,420,000	139,288,000	132,038,000		182,115,000	141,011,000	245,167,000		134,792,000	97,417,000	119,426,000
repayments on credit facility	-120,163,000		-146,993,000	-150,775,000	-148,585,000		-145,853,000	-164,701,000	-148,696,000		-144,792,000	-112,417,000	-94,426,000
payment of capital lease obligations	-417,000	-196,000	-681,000	-277,000	-455,000	-432,000	-493,000	-247,000	-147,000	-365,000	-403,000	-234,000	-273,000	-504,000	-176,000	-331,000	-239,000	-494,000	-240,000	-301,000	-482,000
deferred financing costs	-1,659,000	0	0	-221,000	-693,000	-5,464,000	0	0	-3,070,000									-126,000				-389,000	-7,099,000	-2,005,000	-254,000													-253,000	0	0	-513,000					0	-1,000	1,000	-6,000	-4,403,000	-7,587,000			1,000	-1,000	-215,000	200,000
repurchases of stock	-4,569,000	-13,492,000	-14,825,000	-4,298,000	-1,997,000					0	-626,000	0	-5,370,000	-3,000,000	-465,000	-1,000	-360,000	-1,065,000	-208,000	-2,000	-139,000	-13,000	-1,000	-2,000	-179,000	-44,000	-13,000	-64,000	-973,000	-278,000	-287,000	-266,000	-1,946,000					-331,000	-100,000			-192,000	-52,000	-309,000	-5,885,000	-95,304,000	-447,000	-661,000	-220,000	-3,466,000	-319,000			0
payment of withheld taxes on stock-based compensation plans	-9,274,000		0	0	-1,321,000		0	0	-1,090,000
net cash from financing activities	1,852,000	-19,191,000	-35,079,000	-16,283,000	-21,013,000	-44,185,000	-25,481,000	-36,933,000	151,841,000	-676,000	-11,029,000	-15,234,000	19,357,000	-14,244,000	-23,474,000	33,241,000	-599,000	-1,685,000	-3,777,000	-43,323,000	-27,458,000	-284,000	-95,861,000	3,276,000	51,104,000	-808,000	-79,263,000	-10,084,000	-32,036,000	50,737,000	-325,000	8,785,000	-52,675,000	103,474,000	644,000	-18,000	-3,537,000	85,493,000	1,442,000	-201,000	-539,000	527,000	-33,019,000	-29,129,000	34,684,000	-86,547,000	-10,999,000	-33,601,000	-30,871,000	-22,228,000	-4,684,000	132,829,000	-28,863,000	107,727,000	-36,457,000	3,694,000	-9,182,000
effect of exchange rate changes on cash	-399,000	440,000	-321,000	1,214,000	265,000	-1,364,000	2,797,000	-1,122,000	-1,722,000	847,000	-537,000	473,000	325,000	686,000	-934,000	-550,000	-40,000	20,000	-509,000	171,000	-121,000	468,000	204,000	378,000	-712,000	392,000	-116,000	151,000	155,000	-444,000	100,000	-280,000	-873,000	-470,000	2,758,000	3,702,000	2,242,000	-5,418,000	-2,042,000	-7,530,000	363,000	-1,547,000	-2,384,000	3,195,000	-4,264,000	34,000	-2,547,000	2,487,000	-234,000	1,665,000	147,000	-389,000	-2,321,000	810,000	517,000	2,698,000	-2,710,000
net increase in cash, cash equivalents and restricted cash	2,827,000				-13,518,000				2,323,000											-40,449,000	-27,807,000			729,000	51,038,000
cash, cash equivalents and restricted cash at beginning of period	34,661,000	0	0	0	44,661,000	0	0	0	46,165,000	0	0	0	51,029,000	0	0	0	46,858,000	0	0	0	128,617,000	0	0	0	57,911,000	0	0	0	47,241,000	0	0	0	115,216,000
cash, cash equivalents and restricted cash at end of period	37,488,000	2,968,000	-7,274,000	7,824,000	31,143,000	11,348,000	1,487,000	-16,662,000	48,488,000	9,014,000	12,395,000	-22,008,000	46,764,000	31,251,000	-7,126,000	6,302,000	20,602,000	-3,186,000	-10,317,000	-40,449,000	100,810,000	108,597,000	-89,658,000	729,000	108,949,000	29,014,000	-8,468,000	7,671,000	29,694,000	20,301,000	-12,165,000	-3,235,000	42,340,000
supplemental cash flow disclosures
cash paid for interest	1,094,000			7,083,000	1,942,000
cash paid for income taxes	7,819,000			9,736,000	1,585,000
noncash activities
operating lease assets obtained in exchange for lease obligations	5,397,000			11,601,000	629,000	19,631,000	3,487,000
finance lease assets obtained in exchange for lease obligations	185,000			114,000	262,000	66,000	861,000
accrued purchases of property and equipment	833,000			-383,000	814,000	120,000	175,000																																							-678,000
net loss		2,072,000				-103,500,000	-14,815,000	-6,696,000	-10,315,000				-3,486,000				-9,199,000	-19,595,000	-11,587,000	-21,806,000	-29,663,000	-32,700,000	-21,551,000	-5,494,000	-37,144,000									49,069,000	-14,828,000	-77,873,000	-15,768,000
adjustments to reconcile net loss to net cash from operating activities:
impairment of property and equipment and other assets		-115,000
impairment of intangible assets																																																						0	0
inventory write downs
provision for doubtful accounts
loss on extinguishment of debt						552,000	1,839,000											0	196,000	4,161,000	933,000
gain on sale-leaseback transactions		0	-4,279,000
cost and estimated profits in excess of billings
proceeds from sale-leaseback transactions		0	6,546,000
acquisition of businesses, net of cash acquired																														-52,622,000				-114,299,000	-39,152,000	0	-8,738,000	-1,372,000	0			0	0	0	-60,836,000	0	-607,000			-1,000	-179,106,000	-1,109,000	-1,502,000	-137,050,000	0	0	-2,839,000
borrowings on revolving credit facility																178,589,000	95,883,000
repayments on revolving credit facility																-145,016,000	-95,883,000	0	0	0	-13,126,000
proceeds from issuance of 2029 bonds
payments of 2025 notes
proceeds from issuance of seller term loan						0	0	0	59,677,000
payments of seller term loan
payments of withheld taxes on stock-based compensation plans
net decrease in cash, cash equivalents and restricted cash		2,968,000	-7,274,000			11,348,000	1,487,000				12,395,000	-22,008,000	-4,265,000		-7,126,000	6,302,000	-26,256,000										-8,468,000	7,671,000	-17,547,000		-12,165,000	-3,235,000	-72,876,000
noncash investing and financing activities
stock issued related to business acquisition
liability awards converted to shares settled						0	0
payments related to business acquisition, net of cash acquired							-322,000	0	-150,086,000
cash paid to repurchase 2025 notes							-60,000,000
payment of seller term loan
inventory write down				370,000	390,000		1,492,000	1,287,000	534,000		354,000	672,000	892,000		753,000	633,000	194,000		1,402,000	1,207,000	1,410,000		3,312,000	4,812,000	11,567,000		4,211,000	1,187,000	377,000		1,178,000	5,547,000	2,455,000	13,244,000	607,000	238,000	531,000		1,746,000
stock issuance related to business acquisition							0	0	44,220,000
conversion of debt to common stock											0	0	113,650,000
noncash losses and other									1,299,000		1,773,000	1,531,000	1,398,000		2,412,000	785,000	2,283,000		1,658,000	1,844,000	2,065,000		2,731,000	1,420,000	-734,000		1,445,000	-354,000	4,847,000
prepaid expenses and other assets									2,694,000		3,618,000	-4,242,000	1,037,000		-181,000	291,000	1,298,000		-3,111,000	-2,695,000	-2,458,000		13,887,000	-2,234,000	-11,002,000		1,505,000	1,763,000	-3,031,000		-10,429,000	14,648,000	-16,770,000
billings in excess of costs and estimated profits earned									291,000		1,985,000	2,474,000	111,000		-788,000	-4,266,000	-3,758,000	4,239,000	68,000	2,913,000	766,000	1,648,000	-2,459,000	-2,332,000	-757,000	982,000	2,223,000	858,000	-1,784,000	-1,950,000	-844,000	5,188,000	-1,065,000																10,389,000	5,093,000	-10,842,000	17,062,000	-22,347,000	9,177,000	9,640,000	-9,879,000	3,403,000
operating lease right of use assets obtained in exchange for lease obligations									2,775,000		2,439,000	920,000	1,835,000		1,900,000	28,000	1,320,000	1,285,000	181,000	590,000	284,000	123,000	3,692,000	2,000	688,000
finance lease right of use assets obtained in exchange for lease obligations									750,000		305,000	290,000	926,000		0	358,000	100,000	235,000	0	181,000	47,000	0	17,000	453,000	931,000
cash paid (refunded) for income taxes
payments related to business acquisitions and dispositions															0
proceeds from settlement of note receivable
proceeds from sale of business
adjustments to reconcile net loss to net cash from investing activities:
impairments of intangible assets, property and equipment																								112,000	17,320,000
impairments of operating lease assets																						1,274,000	4,758,000	-145,000	9,483,000
gain on disposition of business
deferred loan costs written off																						0	303,000	130,000	1,829,000																									0
proceeds from the sale of property and equipment
proceeds from the sale of business
cash paid to repurchase 2025 notes and 2021 notes																		0	-1,865,000	-43,020,000	-13,711,000
bond exchange early participation payment																						0
net working capital settlement from sale of business																			0
impairments of goodwill, intangible assets, property and equipment																						0				0
contingent consideration benefit																										0	0	0	-4,629,000
gain on extinguishment of debt																						0	-28,734,000	-36,285,000	-7,459,000
gain realized on previously held equity investment																										0
loss from equity investments, net of distributions
proceeds from the sale of equity investment and business
cash paid to repurchase 2021 notes
note receivable related to equity method investment transaction																										0				0	0	0	4,067,000
loss from unconsolidated subsidiary																												-570,000	849,000
proceeds from sale of business, property and equipment																							2,851,000					291,000	134,000	64,000	385,000	3,735,000	5,074,000	122,000	150,000	1,659,000	40,000			3,401,000	309,000	122,000	291,000	746,000	662,000	3,415,000	139,000	1,922,000	6,674,000
borrowings of debt																							0	30,000,000	55,000,000	40,000,000	15,000,000	62,000,000	20,000,000	121,980,000	50,000,000
repayments of debt																							-85,261,000	-24,717,000	-3,463,000	-39,567,000	-94,250,000	-72,020,000	-51,063,000	-69,917,000	-50,188,000	-40,949,000	-50,729,000
proceeds from sale of equity investment, property and equipment																									37,000
(earnings) loss from equity investments, net of distributions
gain on contribution of subsea rentals business																														0	0	0	-33,506,000
income tax receivable																																		0	0			0
proceeds from the sale of equity investment, business, property and equipment
investment in unconsolidated subsidiary																																		0	0	0	-1,041,000													0
proceeds from stock issuance																														99,000				-1,405,000	876,000	263,000	1,757,000	85,915,000	1,558,000	38,000	165,000	657,000	2,338,000	1,396,000	884,000	769,000	3,586,000	3,775,000	2,971,000	690,000	1,454,000	1,577,000	1,737,000	4,304,000	6,137,000	3,217,000	774,000
acquisition via issuance of stock																																		173,472,000	0	0	4,500,000
assets contributed for equity method investment																														0	0	0	18,070,000
accrued consideration for acquisition
(earnings) loss from unconsolidated subsidiary
intangible asset impairments
goodwill and intangible asset impairments																														349,045,000	0
(earnings) loss from unconsolidated subsidiaries, net of distributions
share-based compensation expense																															6,557,000	5,314,000	5,302,000	5,091,000	5,369,000	5,185,000	4,665,000	5,014,000	5,199,000	5,238,000	5,084,000	4,585,000	5,276,000	6,783,000	5,031,000	4,436,000	4,920,000	5,075,000	4,339,000	3,596,000	7,269,000	4,685,000	3,488,000	2,626,000	2,392,000	2,026,000	1,135,000
earnings from unconsolidated subsidiary, net of distributions
noncash investing activities
(earnings) loss from unconsolidated subsidiary, net of distributions																																-350,000	963,000
adjustments to reconcile net loss to net cash from operating activities
goodwill and intangible assets impairment
borrowings under credit facility																																										15,041,000	0	14,935,000	65,008,000
repayment of debt
excess tax benefits from stock based compensation																																										-214,000	100,000			451,000	2,112,000	3,325,000	1,854,000	2,977,000	1,434,000	1,279,000	1,512,000	347,000	6,901,000	0	89,000
payment of capital lease obligation
net increase in cash and cash equivalents																																		-41,176,000	-64,078,000	15,556,000	-29,508,000	101,888,000	-4,695,000	5,252,000	22,728,000	33,064,000			7,312,000	2,495,000	41,442,000	-34,312,000	27,372,000	11,381,000	-171,279,000			23,131,000	3,130,000	-1,024,000	-4,722,000
cash and cash equivalents
beginning of period																																		0	0	0	234,422,000	0	0	0	109,249,000	0	0	0	76,579,000	0	0	0	39,582,000	0	0	0	41,063,000	0	0	0	20,548,000
end of period																																		-41,176,000	-64,078,000	15,556,000	204,914,000	101,888,000	-4,695,000	5,252,000	131,977,000	33,064,000	18,344,000	-26,050,000	83,891,000	2,495,000	41,442,000	-34,312,000	66,954,000	11,381,000	-171,279,000	172,535,000	26,945,000	23,131,000	3,130,000	-1,024,000	15,826,000
goodwill and intangible asset impairment
deferred loan cost written off																																									2,588,000
costs and estimated profits in excess of billings																																			-1,525,000	-476,000	-566,000		-1,328,000	2,508,000	-6,691,000		-2,512,000	-4,685,000	-3,275,000		10,382,000
cash paid for net treasury shares withheld
goodwill impairment
earnings from equity investment, net of distributions																																				-867,000	-1,462,000	-617,000	-415,000	188,000	-577,000	-1,262,000	-1,149,000			-1,716,000	921,000	7,479,000	-5,308,000
repayment of long term and short term debt																																				-120,000	-891,000				-199,000
net treasury shares withheld
borrowings of long term and short term debt																																									8,000
repurchases of stock related to shares withheld for taxes																																					-4,403,000
adjustments to reconcile net income to net cash from operating activities
impairment of intangible assets and goodwill
inventory reserves
return of investment in unconsolidated subsidiary
repayment of long-term debt																																							-16,000			-14,092,000	-35,405,000	-45,257,000	-25,323,000	-6,655,000	-16,249,000	-40,041,000	-35,470,000	-479,785,000	-167,263,000	-26,078,000	-42,005,000	-21,230,000	-48,992,000	-331,400,000	-52,397,000
interest paid
income taxes paid
deferred financing cost written off																																							0
distribution from unconsolidated subsidiary																																																		0
issuance of senior notes
payment of contingent consideration accrued at acquisition																																																						0	0
payment of contingent consideration via stock																																																		0	0			0	0
net decrease in cash and cash equivalents																																																					-14,118,000
earnings from equity investment																																													-4,571,000
payment of contingent consideration included in operating expense																																																						0	0
change in contingent consideration																																																						32,000	-700,000	-4,900,000	1,000,000
proceeds of ipo, net of offering costs																																																						0	-499,000
proceeds from concurrent private placement																																																						0	0
insurance policy financed through notes payable																																																						0	0
payment of contingent consideration																																																			0
borrowings under credit facility due to acquisitions
proceeds from sale of property and equipment and other																																																						442,000	2,106,000	1,284,000	1,394,000
acquisition via contingent consideration and stock
payment of contingent consideration included in operating activities
borrowings on long-term debt																																																			167,597,000	169,532,000	8,391,000	-12,281,000	53,000	36,312,000	39,313,000
borrowings due to acquisitions																																																					1,502,000	137,050,000	0	0	2,839,000
capitalized costs related to patents
purchased stock due to the combination

Forum Energy Technologies, Inc(NYSE:FET)

Forum Energy Technologies, Inc
(NYSE:FET)