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

Significant accounting policies (Tables)

v3.25.4
Significant accounting policies (Tables)
 12 Months Ended
Dec. 31, 2025
Concentration Risk [Line Items]  
Summary of Allowance For Credit Losses

The following table summarizes our allowance for credit losses:

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Balance at beginning of period

 

$

(2.7

)

 

$

(2.7

)

 

$

(2.6

)

Provision for credit losses, net of recoveries

 

 

(13.7

)

 

 

—

 

 

 

(0.1

)

Write-offs

 

 

1.8

 

 

 

—

 

 

 

—

 

Balance at end of period

 

$

(14.6

)

 

$

(2.7

)

 

$

(2.7

)

Provision for credit losses in 2025 primarily related to a revised estimate of the payments to be received from an insolvent customer.

Summary of Estimated Useful Life

Land

 

Indefinite

Machinery and equipment

 

2 - 20 years

Office equipment, software, and other

 

3 - 7 years

Buildings and leasehold improvements

 

2 - 40 years

 
Summary of Changes in Carrying Amount of Goodwill by Reportable Segment

The changes in the carrying amount of goodwill by reportable segment were as follows:

 

Stimulation
Services

 

 

Proppant
Production

 

 

Manufacturing

 

 

Other

 

 

Total

 

Balance, December 31, 2024

 

$

209.1

 

 

$

—

 

 

$

11.2

 

 

$

81.7

 

 

$

302.0

 

Impairment of goodwill

 

 

—

 

 

 

—

 

 

 

(11.2

)

 

 

—

 

 

 

(11.2

)

Measurement period adjustments

 

 

(0.6

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(0.6

)

Balance, December 31, 2025

 

$

208.5

 

 

$

—

 

 

$

—

 

 

$

81.7

 

 

$

290.2

 

The measurement period adjustment for the Stimulation Services segment related to adjustments to working capital balances
for our AST acquisition.