0001692427-23-000008 | 10-K | XBRL Viewer | NCS Multistage Holdings INC

Print Document View Excel Document

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Dec. 31, 2022	Mar. 03, 2023	Jun. 30, 2022
Document And Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Document Transition Report	false
Entity File Number	001-38071
Entity Registrant Name	NCS Multistage Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-1527455
Entity Address, Address Line One	19350 State Highway 249
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77070
City Area Code	281
Local Phone Number	453-2222
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	NCSM
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Central Index Key	0001692427
Amendment Flag	false
Entity Public Float			$ 20.9
Entity Common Stock, Shares Outstanding (in shares)		2,438,877
Documents Incorporated by Reference	Portions of the definitive proxy statement for the registrant’s 2023 Annual Meeting of Stockholders are incorporated by reference in Part III of this Form 10-K. Such proxy statement will be filed with the Securities and Exchange Commission not later than 120 days after December 31, 2022.
Auditor Firm ID	248
Auditor Name	GRANT THORNTON LLP
Auditor Location	Houston, Texas

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 16,234	$ 22,168
Accounts receivable—trade, net	27,846	24,392
Inventories, net	37,042	33,917
Prepaid expenses and other current assets	2,815	3,290
Other current receivables	3,726	4,726
Total current assets	87,663	88,493
Noncurrent assets
Property and equipment, net	23,316	24,708
Goodwill	15,222	15,222
Identifiable intangibles, net	5,076	5,744
Operating lease assets	4,515	4,809
Deposits and other assets	2,761	3,113
Deferred income taxes, net	46	236
Total noncurrent assets	50,936	53,832
Total assets	138,599	142,325
Current liabilities
Accounts payable—trade	7,549	7,502
Accrued expenses	4,391	6,323
Income taxes payable	468	294
Operating lease liabilities	1,274	1,556
Current maturities of long-term debt	1,489	1,483
Other current liabilities	2,522	2,660
Total current liabilities	17,693	19,818
Noncurrent liabilities
Long-term debt, less current maturities	6,437	6,335
Operating lease liabilities, long-term	3,680	3,779
Other long-term liabilities	1,328	1,612
Deferred income taxes, net	199	114
Total noncurrent liabilities	11,644	11,840
Total liabilities	29,337	31,658
Commitments and contingencies (Note 10)
Stockholders' equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2022 and December 31, 2021
Common stock, $0.01 par value, 11,250,000 shares authorized, 2,434,809 shares issued and 2,408,474 shares outstanding at December 31, 2022 and 2,397,766 shares issued and 2,380,374 shares outstanding at December 31, 2021	24	24
Additional paid-in capital	440,475	437,022
Accumulated other comprehensive loss	(85,617)	(82,094)
Retained deficit	(262,464)	(261,362)
Treasury stock, at cost; 26,335 shares at December 31, 2022 and 17,392 shares at December 31, 2021	(1,389)	(1,006)
Total stockholders’ equity	91,029	92,584
Non-controlling interest	18,233	18,083
Total equity	109,262	110,667
Total liabilities and stockholders' equity	$ 138,599	$ 142,325

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS [Abstract]
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	11,250,000	11,250,000
Common stock, shares issued (in shares)	2,434,809	2,397,766
Common stock, shares outstanding (in shares)	2,408,474	2,380,374
Treasury stock, shares (in shares)	26,335	17,392

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenues
Revenues	$ 155,632	$ 118,502
Cost of sales
Cost of sales, exclusive of depreciation and amortization expense shown below	95,228	70,027
Selling, general and administrative expenses	58,338	49,094
Depreciation	3,650	3,832
Amortization	669	669
Loss from operations	(2,253)	(5,120)
Other income (expense)
Interest expense, net	(1,015)	(733)
Other income, net	2,950	2,054
Foreign currency exchange (loss) gain	(283)	283
Total other income	1,652	1,604
Loss before income tax	(601)	(3,516)
Income tax expense	351	263
Net Loss	(952)	(3,779)
Net income attributable to non-controlling interest	150	955
Net loss attributable to NCS Multistage Holdings, Inc.	$ (1,102)	$ (4,734)
Loss per common share
Basic loss per common share attributable to NCS Multistage Holdings, Inc.	$ (0.45)	$ (1.98)
Diluted loss per common share attributable to NCS Multistage Holdings, Inc.	$ (0.45)	$ (1.98)
Weighted average common shares outstanding
Basic	2,432	2,396
Diluted	2,432	2,396
Product sales [Member]
Revenues
Revenues	$ 105,859	$ 83,223
Cost of sales
Cost of sales, exclusive of depreciation and amortization expense shown below	68,412	51,897
Services [Member]
Revenues
Revenues	49,773	35,279
Cost of sales
Cost of sales, exclusive of depreciation and amortization expense shown below	$ 26,816	$ 18,130

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Abstract]
Net loss	$ (952)	$ (3,779)
Foreign currency translation adjustments, net of tax of $0	(3,523)	(314)
Comprehensive loss	(4,475)	(4,093)
Comprehensive income attributable to non-controlling interest	150	955
Comprehensive loss attributable to NCS Multistage Holdings, Inc.	$ (4,625)	$ (5,048)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI https://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3000-108585

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI https://asc.fasb.org/extlink&oid=126929396&loc=SL4569616-111683

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI https://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI https://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Abstract]
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Deficit [Member]	Treasury Stock [Member]	Non-Controlling Interest [Member]	Total
Beginning balance at Dec. 31, 2020	$ 24	$ 432,801	$ (81,780)	$ (256,628)	$ (809)	$ 19,878	$ 113,486
Beginning balance, shares at Dec. 31, 2020	2,371,992				12,074
Share-based compensation		4,221					4,221
Net (loss) income				(4,734)		955	(3,779)
Distribution to noncontrolling interest						(2,750)	$ (2,750)
Exercise of stock options, shares							0
Vesting of restricted stock, shares	25,774
Shares withheld					$ (197)		$ (197)
Shares withheld, shares					(5,318)
Currency translation adjustment			(314)				(314)
Ending balance at Dec. 31, 2021	$ 24	437,022	(82,094)	(261,362)	$ (1,006)	18,083	110,667
Ending balance, shares at Dec. 31, 2021	2,397,766				17,392
Share-based compensation		3,453					3,453
Net (loss) income				(1,102)		150	$ (952)
Exercise of stock options, shares							0
Vesting of restricted stock, shares	37,043
Shares withheld					$ (383)		$ (383)
Shares withheld, shares					(8,943)
Currency translation adjustment			(3,523)				(3,523)
Ending balance at Dec. 31, 2022	$ 24	$ 440,475	$ (85,617)	$ (262,464)	$ (1,389)	$ 18,233	$ 109,262
Ending balance, shares at Dec. 31, 2022	2,434,809				26,335

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net loss	$ (952)	$ (3,779)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	4,319	4,501
Amortization of deferred loan costs	231	281
Write-off of deferred loan costs	196
Share-based compensation	6,039	6,621
Provision for inventory obsolescence	2,542	1,754
Deferred income tax expense	266	96
Gain on sale of property and equipment	(361)	(378)
Provision for doubtful accounts	(61)	(129)
Proceeds from note receivable	590	281
Changes in operating assets and liabilities:
Accounts receivable—trade	(4,860)	(2,558)
Inventories, net	(7,678)	(939)
Prepaid expenses and other assets	1,347	(437)
Accounts payable—trade	1,224	2,843
Accrued expenses	(1,777)	3,000
Other liabilities	(2,852)	(3,247)
Income taxes receivable/payable	364	3,673
Net cash (used in) provided by operating activities	(1,423)	11,583
Cash flows from investing activities
Purchases of property and equipment	(1,035)	(495)
Purchase and development of software and technology	(96)	(338)
Proceeds from sales of property and equipment	433	389
Net cash used in investing activities	(698)	(444)
Cash flows from financing activities
Payments on finance leases	(1,463)	(1,318)
Line of credit borrowings	11,780	360
Payments of line of credit borrowings	(11,724)	(360)
Treasury shares withheld	(383)	(197)
Distribution to non-controlling interest		(2,750)
Payment of deferred loan cost related to ABL facility	(952)
Net cash used in financing activities	(2,742)	(4,265)
Effect of exchange rate changes on cash and cash equivalents	(1,071)	(251)
Net change in cash and cash equivalents	(5,934)	6,623
Cash and cash equivalents beginning of period	22,168	15,545
Cash and cash equivalents end of period	16,234	22,168
Supplemental cash flow information
Cash paid for interest, net of amounts capitalized	557	423
Cash paid for income taxes (net of refunds)	(303)	(3,528)
Noncash investing and financing activities
Assets obtained in exchange for new finance lease liabilities	1,788	3,712
Assets obtained in exchange for new operating lease liabilities	$ 1,450	$ 2,000

Organization and Basis of Presentation	12 Months Ended
Organization and Basis of Presentation	Dec. 31, 2022
Organization and Basis of Presentation [Abstract]
Organization and Basis of Presentation	Note 1. Organization and Basis of Presentation Organization NCS Multistage Holdings, Inc., a Delaware corporation, through its wholly owned subsidiaries and subsidiaries for which it has a controlling voting interest (collectively referred to as the “Company,” “NCS,” “we,” “our” and “us”), is primarily engaged in providing engineered products and support services for oil and natural gas well construction, well completions and field development strategies. We offer our products and services primarily to exploration and production companies for use both in onshore and offshore wells. We operate through service facilities principally located in Houston and Odessa, Texas; Tulsa, Oklahoma; Billings, Montana; Morgantown, West Virginia; Calgary, Red Deer, Grande Prairie and Estevan, Canada; Neuquén, Argentina and Stavanger, Norway. Basis of Presentation Our accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). All intercompany accounts and transactions have been eliminated in consolidation. We consolidate Repeat Precision, LLC (“Repeat Precision”), a 50% owned entity with operations in the United States and Mexico, because NCS has a controlling voting interest. The other party’s ownership is presented separately as a non-controlling interest. As a smaller reporting company (“SRC”), we applied certain reduced reporting requirements permitted by the Securities and Exchange Commission (“SEC”), including among other things, providing only two years of audited financial statements.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2. Summary of Significant Accounting Policies

Use of Estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and to disclose contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates include but are not limited to estimated losses on accounts receivables, estimated realizable value on excess and obsolete inventories, estimates related to fair value of reporting units for purposes of assessing possible goodwill impairment, expected future cash flows from long lived assets to support impairment tests, share based compensation, amounts of deferred taxes and income tax contingencies. Actual results could materially differ from those estimates.

COVID-19 Pandemic Impacts

Coronavirus disease 2019 (“COVID-19”) caused unprecedented declines in economic activity, energy demand and oil and natural gas prices in 2020. The continuing impacts of the COVID-19 pandemic are contributing to occasional supply chain disruptions, particularly in China, and cost inflation, including labor cost inflation. As the impact of the pandemic continues to evolve, estimates and assumptions about future events and their efforts cannot be determined with certainty and therefore require judgment. To the extent actual results differ materially from those estimates and assumptions, our future financial statements could be affected.

Foreign Currency

Our functional currency is the United States dollar (“USD”). The financial position and results of operations of our significant foreign subsidiaries are generally measured using the local currency as the functional currency. In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 830, Foreign Currency Matters, revenues and expenses of our significant foreign subsidiaries have been translated into USD at average exchange rates prevailing during the period. Assets and liabilities have been translated at the exchange rates on the balance sheet date. The resulting translation gain and loss adjustments have been recorded directly as a separate component of other comprehensive loss in the accompanying consolidated statements of comprehensive loss, and changes in stockholders’ equity.

Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the consolidated statements of operations as incurred.

Revenue Recognition

We derive our revenues primarily from highly engineered products and support services. Revenues are based upon a purchase order, contract or other persuasive evidence of an arrangement with the customer that includes a fixed or determinable price, provided that collectability is reasonably assured, but such arrangements do not generally include right of return or other similar provisions or other significant post-delivery obligations. Sales and value added taxes that we collect concurrent with revenue-producing activities

are excluded from revenue. We recognize revenue through the following steps: (i) identify the contract, (ii) identify the performance obligations, (iii) determine the transaction price, (iv) allocate the transaction price and (v) satisfy the performance obligation.

On occasion, we issue credits to our customers that are related specifically to the performance of our products or the services we provide, with such credits reducing the amount of revenue for the completed sales. These credits are infrequent, situation specific and cannot be individually estimated in advance.

The payment terms and conditions in our customer contracts vary. We do not have contracts that contain a financing component and generally do not accept noncash consideration from customers.

NCS has elected to recognize shipping and handling costs when control of the product transfers to the customer. These costs, net of any customer paid freight, are included in cost of sales in our consolidated statements of operations.

Product Sales Revenues

For product sale arrangements that are standard inventory products or modified inventory products with an alternative use, revenue is recognized at a point in time when control transfers. Control generally transfers upon shipment or delivery, and delivery is based on the customer instructions. Customers may also request bill and hold arrangements in writing. Once we have completed the bill and hold order, the products are segregated from the rest of inventory in the warehouse. The transaction price for product sales having a performance obligation is the price per unit times the unit quantity ordered and shipped to the customer or consumed at the well site.

Services Revenues

For service arrangements that do not have a contract provision with a right to a payment for services up to the date of termination, revenue is recognized when the job has been completed, which usually includes a customer signature or acknowledgement and when there are no additional services or future obligations required by us. The transaction price is determined by the contract unit day rate times the cumulative number of days of service provided upon the completion of the service and upon customer acceptance.

For service arrangements that do have a contract provision with a right to payment for services up to the date of termination, revenue is recognized over time using a unit rate (labor and materials) output method that corresponds to the value we would receive upon termination of the contract at a reporting period. The transaction price for the period end is determined by the contract unit rate times the cumulative number of units earned up to the reporting period less any revenue recognized in prior periods.

Cash and Cash Equivalents

We consider all highly liquid instruments purchased with an original maturity date of three months or less to be cash equivalents. These items are carried at cost, which approximates fair value.

In accordance with ASC 230, Statements of Cash Flow, cash flows from our significant foreign subsidiaries are calculated based on our functional currency. As a result, amounts related to changes in assets and liabilities reported in the consolidated statements of cash flows will not necessarily agree to changes in the corresponding balances on the consolidated balance sheets.

Concentration of Credit Risk

Financial instruments that potentially subject us to credit risk are cash and cash equivalents and trade accounts receivable. Cash balances are maintained in financial institutions which, at times, exceed federally insured limits. We monitor the financial condition of the financial institutions in which the accounts are maintained and have not experienced any losses in such accounts.

Substantially all of our sales are to customers whose activities are directly or indirectly related to the oil and gas industry. We generally extend short-term credit to these customers and, therefore, collectability of receivables is affected by market conditions in the oil and gas industry. We perform ongoing credit evaluations as to the financial condition of our customers with respect to trade accounts receivables. Generally, no collateral is required as a condition of sale.

No single customer individually accounted for 10% or more of our consolidated revenue during 2022 or 2021, or comprised 10% or more of our trade accounts receivable balance as of December 31, 2022. One customer accounted for 11% of our trade accounts receivable balance as of December 31, 2021.

Accounts Receivable, Trade and Allowance for Doubtful Accounts

Trade accounts receivable are recorded at their invoiced amounts and do not bear interest. We perform ongoing credit evaluations of our clients and monitor collections and payments.

We maintain an allowance for doubtful accounts for estimated losses that may result from the inability of our customers to make required payments. Earnings are charged with a provision for doubtful accounts based on a current review of the collectability of customer accounts by management. Such allowances are based upon several factors including, but not limited to credit approval practices, industry and customer historical experience as well as the current and projected financial condition of the specific customer. Accounts deemed uncollectible are applied against the allowance for doubtful accounts. As of December 31, 2022, we have no amounts in our allowance for doubtful accounts. As of December 31, 2021, our allowance for doubtful accounts approximated $0.1 million.

Inventories

Inventories consist primarily of raw material, product components, assembled products, certain components used to internally construct our frac isolation assemblies, and chemicals used in our tracer diagnostics services in raw materials or finished goods. Inventories are stated at the lower of cost or estimated net realizable value. Cost is determined at standard costs approximating the first-in, first-out or average cost basis. We continuously evaluate inventories, based on an analysis of inventory levels, historical sales experience and future sales forecasts, to determine obsolete, slow-moving and excess inventory. We utilize an excess and obsolete reserve to adjust such inventory to its estimated recoverable value, with an offset to cost of sales in the current period.

Impairments

We evaluate our property and equipment and identifiable intangible assets for impairment whenever changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. Should the review indicate that the carrying value is not fully recoverable, the amount of the impairment loss is determined by comparing the carrying value to the estimated fair value. We assess recoverability based on undiscounted future net cash flows. Estimating future net cash flows requires us to make judgments regarding long-term forecasts of future revenues and costs related to the assets subject to review. These forecasts are uncertain in that they require assumptions about our revenue growth, operating margins, capital expenditures, future market conditions and technological developments. If changes in these assumptions occur, our expectations regarding future net cash flows may change such that a material impairment could result. There was no impairment of property and equipment and identifiable intangible assets during the years ended December 31, 2022 and 2021. See “Note 6. Property and Equipment” and “Note 7. Goodwill and Identifiable Intangibles” included herewith for further information.

An assessment of potential goodwill impairment indicators is performed annually or whenever there is a triggering event that indicates an impairment loss may have been incurred. If required, we typically perform an annual impairment test for goodwill using an assessment date in the fourth quarter of the fiscal year. Under GAAP, we have the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of one or more of our reporting units exceeds the related carrying amount. If, after assessing the totality of events or circumstances, we determine it is more likely than not that the fair value of a reporting unit exceeds the related carrying amount, there is no need to perform any further testing. However, if we conclude otherwise, then we are required to perform a quantitative impairment test by calculating the fair value of the reporting unit and comparing this value with the carrying value of the reporting unit. Alternatively, we could bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. The fair value of the reporting unit is determined using a combination of a market multiple and a discounted cash flow approach. Determining the fair value of a reporting unit requires the use of estimates, assumptions and judgment. The principal estimates and assumptions that we use include revenue growth, operating margins, capital expenditures, future market conditions, weighted average costs of capital, a terminal growth rate, the set of comparable companies utilized, and the earnings metrics and multiples utilized. We believe that the estimates and assumptions used in impairment assessments are reasonable. If the fair value of the reporting unit is less than the carrying amount, an impairment charge is recorded in the amount of the difference. No impairment charge was recorded for the years ended December 31, 2022 and 2021. For additional information, see “Note 7. Goodwill and Identifiable Intangibles.”

Property and Equipment

Property and equipment are stated at historical cost adjusted for impairment, less accumulated depreciation. Equipment held under finance leases are stated at fair value which is typically the present value of minimum lease payments at the inception of the lease, less accumulated depreciation. Expenditures for property and equipment and for items which substantially increase the useful lives of existing assets are capitalized at cost and depreciated over their estimated useful life utilizing the straight-line method. Routine

expenditures for repairs and maintenance are expensed as incurred. Depreciation is calculated over the estimated useful lives of the related assets using the straight-line method. Leasehold improvements and property under finance leases are amortized over the shorter of the remaining lease term or useful life of the related asset. Depreciation expense includes amortization of assets under finance leases. The cost and related accumulated depreciation of assets retired or otherwise disposed of are eliminated from the accounts, and any resulting gains or losses are recognized in the year of disposal as a component of other income, net.

Depreciation on property and equipment, including assets held under finance leases, is calculated using the straight-line method over the following useful service lives or lease term (which includes reasonably assured renewal periods):



	Years
Buildings	30
Building equipment and leasehold improvements	1 - 15
Machinery and equipment and service equipment	5 - 12
Computers and software	3 - 5
Furniture and fixtures	3 - 5
Vehicles	2 - 4
Right of use assets - finance leases	(Lease term) 3 - 10

Business Combinations, Goodwill and Identifiable Intangible Assets

Business combinations are accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. Under the acquisition method of accounting, the total consideration transferred in connection with the acquisition is allocated to the tangible and intangible assets acquired, liabilities assumed, and any non-controlling interest in the acquiree based on their fair values. Goodwill acquired in connection with business combinations represents the excess of consideration transferred over the net tangible and identifiable intangible assets acquired. Certain assumptions and estimates are employed in evaluating the fair value of assets acquired and liabilities assumed. These estimates may be affected by factors such as changing market conditions, technological advances in the oil and natural gas industry or changes in regulations governing that industry. The most significant assumptions requiring judgment involve identifying and estimating the fair value of intangible assets and the associated useful lives for establishing amortization periods. To finalize purchase accounting for significant acquisitions, we utilize the services of independent valuation specialists to assist in the determination of the fair value of acquired intangible assets.

Costs incurred related to an acquisition or business combination, other than those associated with the issuance of debt or equity securities, are expensed as incurred. Any contingent consideration payable is recognized at fair value at the acquisition date. Liability-classified contingent consideration is remeasured each reporting period with changes in fair value recognized in earnings until the contingent consideration is settled.

All identifiable intangibles with definite lives are amortized on a straight-line basis over the estimated useful life or term of related agreements. Certain costs incurred in the development of internal-use software applications are capitalized, while costs incurred outside of the software application development stage are expensed as incurred. The amounts capitalized are included in intangible assets, categorized as internally developed software, and are amortized on a straight-line basis over the estimated useful life of the software when ready for the intended use. These assets are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable.

Leases

We determine if a contract contains a lease at the inception of an arrangement. If so, we record a right of use (“ROU”) asset representing the right to use an underlying asset for the lease term and a lease liability representing an obligation to make lease payments arising from the lease on the consolidated balance sheet.

We have operating and finance leases for facilities, vehicles, and equipment. Some leases include one or more options to renew, with renewal terms that can extend the lease term from five to ten years with exercise of lease renewal options being at the sole discretion of NCS as lessee. Some leases may include an option to terminate the contract with notice. ROU assets and lease liabilities recorded pursuant to a lease agreement with a term exceeding 12 months are recognized at the lease commencement date based on the present value of lease payments over the lease term. To the extent our lease agreements do not provide an implicit interest rate, the current interest rate pursuant to our secured asset-based revolving credit facility (“ABL Facility”), adjusted on a monthly annual basis, is used as an incremental borrowing rate applied to the present value calculation at the lease commencement date unless the implicit rate is readily determinable. Lease expense for operating leases is recognized on a straight-line basis over the lease term.

Our lease agreements are from a lessee perspective and do not contain (i) any leases with variable lease payments (e.g., payments that depend on a percentage of sales of a lessee or payments that increase based upon an index such as a consumer price

index), (ii) residual value guarantees probable of being paid, except leased fleet vehicles, or (iii) material restrictive covenants. Lease agreements with lease and non-lease components are generally accounted for separately when practical. For leases where the lease and non-lease component are comingled and the non-lease component is determined to be insignificant when compared to the lease component, the lease and non-lease components are treated as a single lease component for all asset classes.

As of December 31, 2022, we have no significant leases where we are the lessor, and we do not have any additional significant operating or finance leases that have not yet commenced which create significant rights or obligations for NCS. For additional information, see “Note 9. Debt” and “Note 14. Leases.”

Income Taxes

We are taxed as a corporation as defined under the Internal Revenue Code. The liability method is used in accounting for deferred income taxes. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when these differences are expected to reverse. The realizability of deferred tax assets is evaluated annually and a valuation allowance is provided if it is more likely than not that the deferred tax assets will not give rise to future benefits. We follow guidance in ASC 740, Income Taxes, for uncertainty in income taxes by prescribing the minimum recognition threshold an income tax position is required to meet before being recognized in the consolidated financial statements. Each income tax position is assessed using a two-step process. A determination is first made as to whether it is more likely than not that the income tax position will be sustained, based upon technical merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more likely than not criteria, the benefit recorded in the consolidated financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. A valuation allowance to reduce deferred tax assets is established when it is more likely than not that some portion or all the deferred tax assets will not be realized. We recognize accrued interest and penalties related to uncertain tax positions in other income, net on the consolidated statements of operations.

Share-Based Compensation

We account for our stock-based compensation awards in accordance with ASC 718, Compensation—Stock Compensation. To measure the grant-date fair value of share-based compensation, we use the market price of our common stock for equity-classified restricted stock units (“RSUs”) and equivalent stock units, or cash-settled, liability-classified RSUs (“ESUs”), the Black-Scholes model for options and a Monte Carlo simulation for the performance stock unit awards (“PSUs”). We measure all share-based compensation awards at fair value on the date they are granted and recognize the compensation expense in the financial statements over the requisite period and record forfeitures as they occur. As the ESUs will be settled in cash, we record a liability, which is remeasured each reporting period at fair value based upon the closing stock price of our common stock until the awards are settled.

Fair Value

The carrying amounts for financial instruments classified as current assets and current liabilities approximate fair value due to the short maturity of such instruments. The book values of other financial instruments approximates fair value because interest rates charged are comparable to other financial instruments with similar terms and maturities and the rates vary in accordance with a market index consistent with ASC 820, Fair Value Measurements.

For the financial assets and liabilities disclosed at fair value, fair value is determined as the exit price, or the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The established fair value hierarchy divides fair value measurement into three broad levels:

Level 1—inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date;

Level 2—inputs other than quoted prices included within Level 1 that are observable for the assets or liability, either directly or indirectly; and

Level 3—inputs are unobservable for the asset or liability, which reflect the best judgment of management.

The financial assets and liabilities that are disclosed at fair value for disclosure purposes are categorized in one of the above three levels based on the lowest level input that is significant to the fair value measurement in its entirety. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment.

Earnings Per Share

Basic income (loss) per share is calculated by dividing net income (loss) attributable to NCS Multistage Holdings, Inc. by the weighted-average number of common shares outstanding during the period. The diluted income (loss) per share computation is calculated by dividing net income (loss) attributable to NCS Multistage Holdings, Inc. by the weighted-average number of common shares outstanding during the period, taking into effect, if any, shares that would be issuable upon the exercise of outstanding stock options and unvested RSUs and PSUs, reduced by the number of shares purchased by us at cost, when such amounts are dilutive to the income per share calculation.

Research and Development

Research and development costs are incurred both through the utilization of our employees to create and develop new ideas and products as well as through engaging third parties to perform development activities under our coordination and management. We incurred approximately $2.7 million and $2.1 million in research and development costs for the years ended December 31, 2022 and 2021, respectively. These costs are recorded in selling, general and administrative (“SG&A”) expenses on the consolidated statements of operations. Occasionally a customer may contract us to provide research and development of a product, for which we are compensated. We recognize the revenue when the project is completed and accepted by the customer, and record the corresponding research and development costs as cost of goods sold. In addition, customers may agree to fund certain research and development activities for which we retain the rights to intellectual property. We recorded, and subsequently received, customer reimbursable amounts of $1.7 million and $0.1 million during the years ended December 31, 2022 and 2021, respectively, which are treated as a reduction of research and development costs included in SG&A expenses.

Recent Accounting Pronouncements

Pronouncement Adopted in 2022

In November 2021, the FASB issued ASU No. 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, to increase transparency of disclosure regarding government assistance including the types of assistance, an entity’s method of accounting for the assistance, and the effect of the assistance on an entity’s financial statements. This standard became effective for fiscal years beginning after December 15, 2021. We adopted ASU No. 2021-10 on a prospective basis on January 1, 2022, with no material impact on our consolidated financial statements.

Pronouncement Not Yet Effective

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This ASU introduces a new impairment model that is based on expected credit losses rather than incurred credit losses for financial instruments, including trade accounts receivable. It requires an entity to measure expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The new standard was to become effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2019, the FASB issued ASU No. 2019-10, which deferred the effective dates for certain accounting guidance. The effective date for ASU No. 2016-13 remained the same for public business entities that are SEC filers, except for entities who are deemed SRCs. The effective date for all other entities, including SRCs, begins during the first interim period of fiscal years beginning after December 15, 2022. NCS qualifies as an SRC. We have evaluated this guidance and determined the adoption on January 1, 2023 will not have a material impact on our consolidated financial statements.

Revenues

12 Months Ended

Dec. 31, 2022

Revenues [Abstract]

Revenues

Note 3. Revenues

Disaggregation of Revenue

We sell our products and services primarily in North America and in selected international markets. Revenue by geography is attributed based on the current billing address of the customer. See “Note 17. Segment and Geographic Information” for our disaggregated revenue by geographic area.

Contract Balances

If the timing of the delivery of products and provision of services is different from the timing of the customer payments, we recognize either a contract asset (performance precedes contractual due date in connection with estimates of variable consideration) or a contract liability (customer payment precedes performance) on our consolidated balance sheet.

The following table presents the current contract liabilities for the periods indicated (in thousands):


Balance at December 31, 2020	$	51
Additions		1,056
Revenue recognized		(1,036)
Balance at December 31, 2021	$	71
Additions		1,963
Revenue recognized		(1,983)
Balance at December 31, 2022	$	51

We currently do not have any contract assets or non-current contract liabilities. Our contract liability as of December 31, 2022 and 2021 is included in current liabilities on our consolidated balance sheets. Our performance obligations for our product and services revenues are satisfied before the customer’s payment; however, prepayments may occasionally be required. Revenue recognized from the contract liability balance was $2.0 million and $1.0 million for the years ended December 31, 2022 and 2021, respectively.

Contracts with Multiple Performance Obligations

Substantially all of our product and services revenues are considered a single performance obligation. Our self-service product line, which is a small percentage of our revenue for the years ended December 31, 2022 and 2021 is comprised of two performance obligations: (i) the delivery of tracer materials to a customer well site and (ii) the creation of diagnostic reports ordered by customers when we do not perform an integrated service. For these contracts, we do not allocate the transaction price as the individual performance obligations are sold at standalone prices in the customer order. The transaction prices for our self-service product line are determined as (i) the price per unit times the quantity of tracer materials and (ii) prices charged for diagnostic reports ordered by and delivered to the customer.

Practical Expedients

We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within SG&A expenses on the consolidated statements of operations.

We do not disclose the value of unsatisfied performance obligations when the related contract has a duration of one year or less. We recognize revenue equal to what we have the right to invoice when that amount corresponds directly with the value to the customer of our performance to date.

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Inventories, Net

12 Months Ended

Dec. 31, 2022

Inventories, Net [Abstract]

Inventories, Net

Note 4. Inventories, net

Inventories consist of the following as of December 31, 2022 and 2021 (in thousands):


	December 31,		December 31,
	2022		2021
Raw materials	$	2,135	$	1,844
Work in process		38		14
Finished goods		34,869		32,059
Total inventories, net	$	37,042	$	33,917

Other Current Receivables

12 Months Ended

Dec. 31, 2022

Other Current Receivables [Abstract]

Other Current Receivables

Note 5. Other Current Receivables

Other current receivables consist of the following as of December 31, 2022 and 2021 (in thousands):


	December 31,		December 31,
	2022		2021
Current income tax receivables	$	1,868	$	2,226
Employee receivables		354		238
Other receivables		1,504		2,262
Total other receivables, net	$	3,726	$	4,726

Employee receivables relate primarily to amounts paid by us for foreign withholding tax paid on behalf of employees working on international assignments, which is expected to be reimbursed to us by the employees when refunded as foreign tax credits on home-country tax returns. The other receivables balance as of December 31, 2022 and 2021 includes the U.S. employee retention credit (“ERC”) claims we have filed but for which we have not yet received renumeration. The other receivables balance also includes $0.7 million for each year ended December 31, 2022 and 2021 associated with our technical services and assistance agreement with Special Oilfield Services Co., LLC (“SOS”). See “Note 10. Commitments and Contingencies” for a discussion of both matters.

Property and Equipment

12 Months Ended

Dec. 31, 2022

Property and Equipment [Abstract]

Property and Equipment

Note 6. Property and Equipment

Property and equipment by major asset class consist of the following as of December 31, 2022 and 2021 (in thousands):



	December 31,		December 31,
	2022		2021
Land	$	1,592	$	1,701
Building and improvements		7,462		8,099
Machinery and equipment		18,156		18,152
Computers and software		2,107		2,256
Furniture and fixtures		748		1,037
Vehicles		262		313
Right of use assets - finance leases		11,231		10,228
Service equipment		57		244
		41,615		42,030
Less: Accumulated depreciation and amortization		(18,844)		(17,752)
		22,771		24,278
Construction in progress		545		430
Property and equipment, net	$	23,316	$	24,708

The following table presents the depreciation expense associated with the following income statement line items for the years ended December 31, 2022 and 2021 (in thousands):


	Year Ended December 31,
	2022		2021
Cost of sales
Cost of product sales	$	1,425	$	1,399
Cost of services		547		691
Selling, general and administrative expenses		1,678		1,742
Total depreciation	$	3,650	$	3,832

The table above includes depreciation expense associated with finance leases for buildings as well as vehicles for our transportation fleet. See “Note 14. Leases.”

We evaluate our property and equipment for impairment whenever changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. We determined there were no triggering events that indicated potential impairment of our property and equipment for the years ended December 31, 2022 and 2021, respectively, and accordingly no impairment loss was recorded.

Goodwill and Identifiable Intangibles

12 Months Ended

Dec. 31, 2022

Goodwill and Identifiable Intangibles [Abstract]

Goodwill and Identifiable Intangibles

Note 7. Goodwill and Identifiable Intangibles

The carrying amount of goodwill is summarized as follows (in thousands):


	December 31,		December 31,
	2022		2021
Gross value	$	177,162	$	177,162
Accumulated impairment		(161,940)		(161,940)
Net	$	15,222	$	15,222

We perform an annual impairment analysis of goodwill as of December 31, or whenever there is a triggering event that indicates an impairment loss may have been incurred. If an impairment loss occurs, we separately disclose it in the consolidated statements of operations, as applicable. See “Note 2. Summary of Significant Accounting Policies - Impairments” for additional information.

As of December 31, 2022 and 2021, we elected to perform a qualitative assessment for Repeat Precision, our only reportable unit with goodwill, and determined the goodwill totaling $15.2 million has a fair value that exceeds its net carrying value. Therefore, no impairment has been recorded for the years ended December 31, 2022 and 2021, respectively.

Identifiable intangibles by major asset class consist of the following (in thousands):



		December 31, 2022
	Estimated	Gross
	Useful	Carrying		Accumulated		Net
	Lives (Years)	Amount		Amortization		Balance
Technology	1 - 20	$	3,958	$	(604)	$	3,354
Customer relationships	10		4,100		(2,426)		1,674
Total amortizable intangible assets		$	8,058	$	(3,030)	$	5,028
Technology - not subject to amortization	Indefinite		48		—		48
Total identifiable intangibles		$	8,106	$	(3,030)	$	5,076



		December 31, 2021
	Estimated	Gross
	Useful	Carrying		Accumulated		Net
	Lives (Years)	Amount		Amortization		Balance
Technology	1 - 20	$	3,958	$	(346)	$	3,612
Customer relationships	10		4,100		(2,016)		2,084
Total amortizable intangible assets		$	8,058	$	(2,362)	$	5,696
Technology - not subject to amortization	Indefinite		48		—		48
Total identifiable intangibles		$	8,106	$	(2,362)	$	5,744

We did not incur costs to renew or extend the term of acquired intangible assets during the years ended December 31, 2022 and 2021, respectively. Substantially all identifiable intangibles as of December 31, 2022 and 2021 are related to our Repeat Precision asset group.

Identifiable intangibles are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. Impairment charges related to identifiable intangibles are included in “Impairments” in the consolidated statements of operations. See “Note 2. Summary of Significant Accounting Policies - Impairments” for additional information. There were no indicators of impairment identified during the years ended December 31, 2022 or 2021. Therefore, we did not record any impairment charges related to our identifiable intangibles for the years ended December 31, 2022 or 2021, respectively.

Total amortization expense, which is associated with SG&A expenses on the consolidated statements of operations, was $0.7 million for each of the years ended December 31, 2022 and 2021, respectively.

The total weighted average amortization period for intangible assets is 13 years and estimated future amortization expense by year is as follows (in thousands):


2023	$	669
2024		669
2025		669
2026		669
2027		292
Thereafter		2,060
Total	$	5,028

Accrued Expenses

12 Months Ended

Dec. 31, 2022

Accrued Expenses [Abstract]

Accrued Expenses

Note 8. Accrued Expenses

Accrued expenses consist of the following as of December 31, 2022 and 2021 (in thousands):



	December 31,		December 31,
	2022		2021
Accrued payroll and bonus	$	3,227	$	4,208
Property and franchise taxes accrual		340		550
Accrued other miscellaneous liabilities		824		1,565
	$	4,391	$	6,323

Debt

12 Months Ended

Dec. 31, 2022

Debt [Abstract]

Debt

Note 9. Debt

Our long-term debt consists of the following as of December 31, 2022 and 2021 (in thousands):



	December 31,		December 31,
	2022		2021
Prior Senior Secured Credit Facility	$	—	$	—
ABL Facility		—		—
Repeat Precision Promissory Note		56		—
Finance leases		7,870		7,818
Total debt		7,926		7,818
Less: current portion		(1,489)		(1,483)
Long-term debt	$	6,437	$	6,335

The estimated fair value of total debt for the years ended December 31, 2022 and 2021 was $6.8 million and $7.5 million, respectively. At December 31, 2022, the fair value of the Repeat Precision Promissory Note (as defined below) approximated the carrying value due to a variable interest rate and the ability to repay the note at any time. The fair value of the finance leases was estimated using Level 2 inputs by calculating the sum of the discounted future interest and principal payments at our incremental borrowing rate through the date of maturity.

Below is a description of our financing arrangements.

Prior Senior Secured Credit Facility

On May 1, 2019, we entered into a Second Amended and Restated Credit Agreement (the “2019 Credit Agreement”) by and among NCS Multistage Holdings, Inc. (“NCSH”) with Pioneer Investment, Inc., as U.S. borrower (“Pioneer”), NCS Multistage Inc., as Canadian borrower (“NCS Canada”; together with Pioneer, the “Borrowers”), Pioneer Intermediate, Inc. (together with NCSH, the “Parent Guarantors”), the lenders party thereto, Wells Fargo Bank, National Association as administrative agent (the “Prior U.S. Agent”) in respect of the U.S. facility provided therein and Wells Fargo Bank, National Association, Canadian Branch, as administrative agent (the “Prior Canadian Agent”) in respect of the Canadian Facility provided therein. The 2019 Credit Agreement amended and restated our then-existing credit agreement in its entirety.

On August 6, 2020, we entered into Amendment No. 1 to the Second Amended and Restated Credit Agreement (the “2020 Amendment”; the 2019 Credit Agreement, as amended by the 2020 Amendment, the “Prior Amended Credit Agreement”) with the Borrowers, Pioneer Intermediate, Inc., certain subsidiaries of the Borrowers, the lenders party thereto, the Prior U.S. Agent and the Prior Canadian Agent. The facility provided pursuant to the Prior Amended Credit Agreement is referred to herein as the “Prior Senior Secured Credit Facility.”

The Prior Senior Secured Credit Facility consisted of a senior secured revolving credit facility in an aggregate principal amount of $25.0 million made available to Pioneer. NCS Canada could borrow under the Prior Senior Secured Credit Facility, subject to a $15.0 million sublimit. Total borrowings available to the Borrowers under the Prior Senior Secured Credit Facility were limited subject to a borrowing base calculated on eligible receivables, which did not include receivables at Repeat Precision. As of December 31, 2021, we had no outstanding indebtedness under the Prior Senior Secured Credit Facility, and we utilized letter of credit commitments of less than $0.1 million.

Borrowings under the Prior Senior Secured Credit Facility could be made in USD for Adjusted Base Rate Advances, and in USD, Canadian dollars or Euros for Eurocurrency Rate Advances (each as defined in the Prior Amended Credit Agreement). Such advances bore interest at the Adjusted Base Rate or at the Eurocurrency Rate (each as defined in the Prior Amended Credit Agreement) plus an applicable interest margin between 2.75% and 3.75%, depending on our leverage ratio. We incurred interest expense related to the Prior Senior Secured Credit Facility, including commitment fees, of $47 thousand and $0.1 million for the years ended December 31, 2022 and 2021, respectively.

The obligations of the Borrowers under the Prior Senior Secured Credit Facility were guaranteed by the Parent Guarantors, as well as each of the other existing and future direct and indirect restricted subsidiaries of NCS organized under the laws of the United States and Canada (subject to certain exceptions), and were secured by substantially all of the assets of the Parent Guarantors, the Borrowers and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens.

We capitalized direct costs of $1.2 million in connection with the Prior Amended Credit Agreement, which we amortized over the term of the Prior Senior Secured Credit Facility using the straight-line method.

Concurrent with our entry into a replacement asset-based revolving credit facility on May 3, 2022, as further discussed below, the Prior Senior Secured Credit Facility and the Prior Amended Credit Agreement were terminated. Of the unamortized remaining deferred loan costs associated with the Prior Senior Secured Credit Facility totaling $0.3 million, we charged $0.2 million to interest expense, net during the second quarter of 2022, associated with the members of the lender group who did not continue with the new facility, and deferred $0.1 million, along with new deferred loan costs associated with the replacement facility, to be amortized over the term of the new facility.

ABL Facility

On May 3, 2022, we entered into a new ABL Facility under which credit availability is subject to a borrowing base calculation. The ABL Facility is governed by the Credit Agreement dated as of May 3, 2022, by and between NCSH, Pioneer, NCS Multistage, LLC, NCS Canada, the other loan parties thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and as a lender under the facility provided therein (the “Credit Agreement”).

The ABL Facility consists of a revolving credit facility in an aggregate principal amount of $35.0 million made available to borrowers, of which up to $10.0 million may be made in Canadian dollars and $7.5 million may be made available for letters of credit. Total borrowings available to the borrowers under the ABL Facility may be limited subject to a borrowing base calculated on the sum of cash in a specified pledged account, eligible accounts receivables and eligible inventory, provided it does not include the assets of Repeat Precision. Our borrowing base under the ABL Facility at December 31, 2022 was $18.6 million. The ABL Facility will mature on May 3, 2027. As of December 31, 2022, we had no outstanding indebtedness under the ABL Facility.

Borrowings under the ABL Facility may be made in U.S. dollars with interest calculated using either the “ABR”, the “Adjusted Daily Simple SOFR” or the “Adjusted Term SOFR Rate”, and in Canadian dollars with interest calculated using the “Canadian Prime Rate” or the “CDOR Rate” (each as defined in the Credit Agreement). Borrowings bear interest plus a margin that varies depending on our leverage ratio as follows: (i) for ABR based loans, between 1.40% and 2.40%, and (ii) for Adjusted Daily Simple SOFR, Adjusted Term SOFR Rate, Canadian Prime Rate, and CDOR Rate, between 2.40% and 3.40%. We must also pay a monthly commitment fee of 0.25% to 0.50% per year, based on unused commitments. The applicable interest rate at December 31, 2022 was 6.8%. We incurred interest expense related to the ABL Facility, including commitment fees, of $0.1 million for the year ended December 31, 2022.

The obligations of the borrowers under the ABL Facility are guaranteed by NCSH and each of our U.S. and Canada subsidiaries (other than Repeat Precision), as well as each of our future direct and indirect subsidiaries organized under the laws of the United States or Canada (subject to certain exceptions), and are secured by substantially all of the assets of NCSH and its subsidiaries, in each case, subject to certain exceptions and permitted liens.

The Credit Agreement requires, as a condition to borrowing, that available cash on hand after borrowings does not exceed $10.0 million. The Credit Agreement also requires us to (i) maintain, for quarters during which liquidity is less than 20% of the aggregate revolving commitments, a fixed charge coverage ratio of at least 1.0 to 1.0 and (ii) to prepay advances to the extent that the

outstanding loans and letter of credit amounts exceed the most recently calculated borrowing base. As of December 31, 2022, we were in compliance with these financial covenants. The Credit Agreement also contains customary affirmative and negative covenants, including, among other things, restrictions on the creation of liens, the incurrence of indebtedness, investments, dividends and other restricted payments, dispositions and transactions with affiliates.

The Credit Agreement includes customary events of default for facilities of this type (with customary materiality thresholds and grace periods, as applicable). If an event of default occurs, the lenders party to the Credit Agreement may elect (after the expiration of any applicable notice or grace periods) to declare all outstanding borrowings under such facility, together with accrued and unpaid interest and other amounts payable thereunder, to be immediately due and payable. The lenders party to the Credit Agreement also have the right upon an event of default thereunder to terminate any commitments to provide further borrowings, or to provide additional financing in excess of the borrowing base limit, or to proceed against the collateral securing the ABL Facility.

We capitalized direct costs of $1.0 million in connection with the Credit Agreement, which are being amortized over the term of the ABL Facility using the straight-line method. Amortization of the deferred financing charges of $0.1 million was included in interest expense, net for the year ended December 31, 2022.

Repeat Precision Promissory Note

On February 16, 2018, Repeat Precision entered into a promissory note for an aggregate borrowing capacity of $4.3 million with Security State Bank & Trust, Fredericksburg (the “Repeat Precision Promissory Note”). The Repeat Precision Promissory Note was originally scheduled to mature on February 11, 2023, but has since been extended to August 10, 2024. The note bears interest at a variable interest rate based on prime plus 1.00%. The applicable interest rate at December 31, 2022 was 8.5%. The Repeat Precision Promissory Note is collateralized by certain equipment, inventory and receivables. Total borrowings may be limited subject to a borrowing base calculation, which includes a portion of Repeat Precision’s eligible receivables, inventory and equipment. As of December 31, 2022, Repeat Precision had $56 thousand of outstanding indebtedness under the note. There was no outstanding indebtedness under the Repeat Precision Promissory Note at December 31, 2021. Repeat Precision’s indebtedness is guaranteed by Repeat Precision and its subsidiary and is not guaranteed by any other NCS entity.

Finance Leases

We lease assets under finance lease arrangements including an office and laboratory in Tulsa, Oklahoma, as well as facilities in Odessa, Texas. We also maintain a vehicle leasing arrangement with a fleet management company through which we lease light vehicles and trucks that meet the finance lease criteria. See “Note 14. Leases” for additional information.

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Commitments and Contingencies

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 10. Commitments and Contingencies

Litigation

In the ordinary course of our business, from time to time, we have various claims, lawsuits and administrative proceedings that are pending or threatened with respect to commercial, intellectual property and employee matters.

In connection with our patent infringement jury verdict against Nine Energy Services, Inc. (“Nine”), the Western District of Texas, Waco Division (“Waco District Court”) entered final judgment in June 2022, and awarded NCS approximately $0.5 million in damages for Nine’s infringement of U.S. Patent No. 10,465,445 (“the ’445 Patent”). At a hearing in December 2022, the Waco District Court announced it would be awarding hundreds of thousands of dollars in supplemental damages, interest, and costs and ordered Nine to pay an ongoing royalty for the sale of infringing casing flotation devices for the life of the ’445 Patent. In addition, in August 2022 in connection with our patent infringement jury verdict against TCO AS, the jury awarded NCS approximately $1.9 million in damages for TCO AS’s infringement of the ’445 Patent. Once the Waco District Court enters final judgment in that case, NCS will seek an award of ongoing royalties for TCO AS’s continued post-judgment infringement, supplemental damages, interest, and costs. Both of these cases remain subject to appeal. Therefore, we have not recorded any potential gain contingencies associated with these matters in the accompanying consolidated statements of operations.

In accordance with GAAP, we accrue for contingencies where the occurrence of a material loss is probable and can be reasonably estimated, based on our estimate of the expected liability. If we have any outstanding legal accruals, we may increase or decrease these in the future, on a matter-by-matter basis, to account for developments. Our assessment of the likely outcome of litigation matters is based on our judgment of a number of factors, including experience with similar matters, past history, precedents, relevant financial information and other evidence and facts specific to the matter. While the outcome of any legal proceeding cannot be predicted with any certainty, based on a consideration of relevant facts and circumstances, our management currently does not expect that the results of these legal proceedings will have a material adverse effect on our financial position, results of operations or cash flows.

Technical Services and Assistance Agreement

We entered into a technical services and assistance agreement with SOS, which is effective until the expiration of a specified contract between SOS and a third party or the expiration of other contracts entered into subsequent to the specified contract. Pursuant to the agreement, NCS provides chemical tracers and radioactive isotopes at a stated contract price with revenue recognized on the delivery of these materials when performance obligations are met. In addition, we provide technical support, training, literature and further technical back up to SOS pursuant to a collaborative arrangement. In consideration of these technical services, SOS shares the net profit or loss, excluding certain non-cash items, arising out of the specified contractual arrangement equally with NCS at the end of each year. The net profit or loss is calculated based on total revenues less expenses per year with SOS deducting a 10% withholding tax on any profit payable to NCS. All assets of the contractual arrangement are owned by SOS. The amount of profit sharing is determined at the end of the performance year, subject to an annual audit which is typically completed during the first quarter of the succeeding year. However, at the end of the performance period as of December 31, when the amount of the profit sharing is probable and reasonably estimable, we record a receivable related to this profit sharing provision, which totaled $0.7 million, subject to withholding tax of $0.1 million for each of the years ended December 31, 2022 and 2021. A portion of the profit sharing income is allocated to tracer diagnostics services based upon the ratio of the standalone fair market value of the tracer materials and profit sharing elements of the contractual arrangement. For the years ended December 31, 2022 and 2021, we have recorded tracer diagnostics services revenue of $1.2 million and $0.9 million, respectively, and other income, net totaling $0.7 million and $0.5 million, respectively, related to this agreement in the consolidated statements of operations. We collected the receivable related to 2021 in May 2022 and expect to collect the receivable related to 2022 during the second quarter of 2023.

Employee Retention Credit

A series of legislation was enacted in the United States during 2020 and 2021 in response to the COVID-19 pandemic that provided financial relief for individuals and businesses impacted by government-mandated shutdowns or work stoppages or other losses suffered by employers due to year-over-year revenue declines of at least 50%. The laws enacted refined the definition of small business employers to those who had fewer than 500 employees during 2019, and provided that qualified employers could (i) claim a refundable tax credit up to 70% of $10 thousand in eligible wages per U.S. employee, or a maximum benefit of $7 thousand per employee per quarter, for the first, second and third quarters of 2021 and (ii) qualify for expanded credits available for fiscal 2020. The ERC credits reduced the employer’s portion of social security tax and permitted the deferral of the payment of certain employer payroll taxes incurred in 2020 until December 2021 and 2022.

We evaluated our eligibility for the ERC and determined that we were eligible for refundable tax credits totaling $3.2 million for the year ended December 31, 2021, of which $0.9 million was included in cost of sales and $2.3 million was included in general and administrative expenses in the accompanying consolidated statements of operations. The refundable tax credits included $0.5 million pertaining to Repeat Precision. Of the aggregate credits claimed during 2021, we received $2.1 million in 2021 and $0.2 million in 2022. We have included $0.9 million and $1.1 million, respectively, in other current receivables on our consolidated balance sheets as of December 31, 2022 and 2021. See “Note 5. Other Current Receivables.” All deferred employer payroll tax from 2020 has been timely remitted as of December 2022, as required.

Stockholders' Equity

12 Months Ended

Dec. 31, 2022

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 11. Stockholders’ Equity

Authorized and Outstanding Shares

At December 31, 2022 and 2021, we had 11,250,000 shares of common stock authorized to be issued. At December 31, 2022 and 2021, 2,408,474 and 2,380,374 shares of common stock were outstanding, respectively. At December 31, 2022 and 2021, the number of our authorized shares of preferred stock included 10,000,000 shares, with none outstanding.

Voting

The holders of common stock are entitled to one vote for each share of common stock held.

Dividends

The holders of common stock are entitled to receive dividends as declared from time-to-time by our Board, to the extent permitted under the ABL Facility. No dividends were declared during the years ended December 31, 2022 and December 31, 2021.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 16
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 50
-Paragraph 6
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008

+ Details

Share-Based Compensation

12 Months Ended

Dec. 31, 2022

Share-Based Compensation [Abstract]

Share-Based Compensation

Note 12. Share-Based Compensation

Equity Incentive Plan

We maintain an equity incentive plan for the benefit of our employees, directors and other service providers: our 2017 Equity Incentive Plan (the “2017 Plan”). Our previous equity incentive plan, the 2012 Equity Incentive Plan (the “2012 Plan”), terminated on December 20, 2022, provided that any outstanding awards remain outstanding in accordance with the terms of the applicable award agreement. As of December 31, 2022, there remain 6,219 options outstanding, all of which are exercisable pursuant to the 2012 Plan.

The 2017 Plan provides for awards of stock options, stock appreciation rights, restricted stock awards, RSUs, stock awards and performance awards. Awards under the 2017 Plan may be granted to any employee, non-employee director, consultant or other personal service provider of NCS. The 2017 Plan is administered by a plan administrator, which is the Compensation, Nominating and Governance Committee or such other committee of the Board or the Board as a whole, in each case as determined by the Board. The 2017 Plan was initially established with the authorization for grants of up to 226,626 shares of authorized but unissued shares of common stock. During 2020, NCS increased the number of authorized shares by 325,000 shares of common stock, which increased the maximum aggregate number of shares available to be issued under the 2017 Plan to 551,626 shares. As of December 31, 2022, the total number of shares available for future issuance under the 2017 Plan is 243,354 shares.

Restricted Stock Units

In 2017, we began granting RSUs. We account for RSUs granted to employees at fair value, which we measure as the closing price of our common stock on the date of grant, and we recognize the compensation expense in the financial statements over the requisite service period. The RSUs granted to our employees generally vest over a period of three equal annual installments beginning on or around the anniversary of the date of grant. Beginning in 2019, the RSUs granted to the members of our Board generally vest on the one year anniversary of the grant date and settle either at vesting or, if the director has elected to defer the RSUs, the earlier of the termination of the director’s service for any reason or a change of control.

The following table summarizes RSU activity during the year ended December 31, 2022:


	Number of ‎Awards	Weighted ‎Average ‎Grant Date ‎Fair Value
Non-vested at December 31, 2021	76,923	$	47.61
Granted	89,669		39.69
Vested (including 11,151 shares that have not been released)	(45,991)		53.83
Forfeited	(1,888)		41.18
Non-vested at December 31, 2022	118,713	$	39.32

The total value of RSUs that vested and released was $1.6 million and $1.0 million during the years ended December 31, 2022 and 2021. For 2022 and 2021, the income tax benefit recognized for RSUs was $0.3 million and $0.2 million, respectively. As of December 31, 2022, there was $2.9 million of total unrecognized compensation cost related to RSUs, which we expect to recognize over a weighted average period of two years.

Equivalent Stock Unit Awards

In 2019, we began granting ESUs. When the ESUs are granted to employees, they are valued at fair value, which we measure as the closing price of our common stock on the date of grant. As the ESUs are settled in cash, we record a liability which is remeasured each reporting period at fair value based upon the closing price of our common stock until the awards are settled. The ESUs will generally vest and settle ratably in three equal annual installments beginning on or around the anniversary of the date of grant. The cash settled for any ESU will not exceed the maximum payout established by our Compensation, Nominating and Governance Committee of the Board.

The following table summarizes ESU activity during the year ended December 31, 2022:


	Number of ‎Awards	Weighted ‎Average ‎Grant Date ‎Fair Value
Non-vested at December 31, 2021	132,576	$	31.77
Granted	67,297		39.41
Vested	(61,309)		35.09
Forfeited	(2,708)		35.31
Non-vested at December 31, 2022	135,856	$	33.98

During the years ended December 31, 2022 and 2021, we paid $2.6 million and $1.8 million, respectively, upon settlement of the ESUs. As of December 31, 2022, the total liability for ESUs was $1.5 million.

Performance Stock Unit Awards

We have granted PSUs to certain executives on an annual basis since 2018. PSUs provide for the recipients to receive a grant of shares of common stock based upon the achievement of certain performance goals over a specified period established by the Compensation, Nominating, and Corporate Governance Committee. The number of PSUs ultimately issued is dependent upon our total shareholder return relative to our performance peer group (“relative TSR”) over a three-year performance period. Each PSU will settle for between zero and two shares of our common stock. For PSUs granted prior to 2021, the threshold performance level (25^th percentile relative TSR) starts to earn PSUs, the mid-point performance level (50^th percentile relative TSR) earns 65% of the target PSUs and the maximum performance level (90th percentile relative TSR) or greater earns 200% of the target PSUs. For PSU grants starting in 2021, the mid-point performance level (50^th percentile relative TSR) earns 100% of the target PSUs and all other performance levels remain the same as prior years.

The PSUs grant date fair values in 2022 and 2021 were measured using a Monte Carlo simulation with the following assumptions and the resulting weighted-average grant date fair value per share:


	November 2022			March 2022			February 2021
Grant date		November 1, 2022			March 2, 2022			February 28, 2021
Performance period		January 1, 2023 to December 31, 2025			January 1, 2022 to December 31, 2024			January 1, 2021 to December 31, 2023
Volatility		95.6	%		102.1	%		103.5	%
Risk-free interest rate		4.4	%		1.6	%		0.3	%
Expected dividends		—	%		—	%		—	%
Grant date price	$	30.50		$	42.90		$	38.50
Weighted-average fair value per share	$	49.52		$	71.28		$	66.14

The following table summarizes PSU activity during the year ended December 31, 2022:


	Number of ‎Awards	Weighted ‎Average ‎Grant Date ‎Fair Value
Non-vested at December 31, 2021	68,810	$	36.07
Granted	40,677		58.86
Vested	—		—
Forfeited	(51,806)		26.20
Non-vested at December 31, 2022	57,681	$	61.00

As of December 31, 2022, there was $2.4 million of total unrecognized compensation cost related to PSUs, which we expect to recognize over a weighted average period of two years.

Stock Options

Stock options granted under the 2012 Plan and the 2017 Plan generally vested annually in equal increments over three or five years and have a 10-year term. We estimated the fair value of each option grant using the Black-Scholes option-pricing model. The Black-Scholes option pricing model required estimates of key assumptions based on both historical information and management

judgment regarding market factors and trends. Determining the appropriate fair value model and calculating the fair value of options required the input of highly subjective assumptions, including the expected volatility of the price of our stock, the risk-free rate, the expected term of the options and the expected dividend yield of our common stock. These estimates involved inherent uncertainties and the application of management’s judgment. If factors changed and different assumptions were used, our share-based compensation expense could have been materially different.

When we were a private company, we issued certain stock options that were to vest only in connection with a change of control (the “Liquidity Options”), which were amended to vest in three equal installments when we completed our initial public offering during the second quarter of 2017. All outstanding stock options were fully vested as of December 31, 2021. Therefore, no compensation cost has been recognized related to stock options for the year ended December 31, 2022.

The following table summarizes stock option activity during the year ended December 31, 2022:



2012 Equity Plan and 2017 Equity Plan	Service ‎Based ‎Options	Liquidity ‎Options	Total ‎Options	Service Based ‎Weighted ‎Average ‎Exercise ‎Price		Liquidity ‎Based ‎Weighted ‎Average ‎Exercise ‎Price		Service Based ‎Weighted ‎Average ‎Remaining ‎Contractual ‎Life (Years)	Liquidity ‎Weighted ‎Average ‎Remaining ‎Contractual ‎Life (Years)
Outstanding at December 31, 2021	39,234	58,582	97,816	$	123.74	$	121.07	1.12	1.07
Expired during the year	(36,385)	(54,580)	(90,965)		117.57		117.60
Outstanding at December 31, 2022	2,849	4,002	6,851	$	202.62	$	168.43	1.98	1.47
Exercisable as of December 31, 2022	2,849	4,002	6,851	$	202.62	$	168.43	1.98	1.47

Aggregate intrinsic value represents the difference between our estimated fair value of common stock and the exercise price of outstanding in the money options. As of December 31, 2022, we had no outstanding in the money options and no outstanding and exercisable aggregate intrinsic values. No options were exercised during the years ended December 31, 2022 and 2021.

Total Share Based Compensation Expense

The following table summarizes share-based compensation expense recognized in SG&A expense in our consolidated statements of operations and our related tax benefit for the years ended December 31, 2022 and 2021, respectively (in thousands):


	Year Ended December 31,
	2022		2021
Restricted stock units	$	2,205	$	2,605
Equivalent stock units		2,586		2,400
Performance stock unit awards		1,248		1,610
Stock options		—		6
Total share-based compensation expense	$	6,039	$	6,621
Related income tax benefit	$	802	$	572

Employee Benefit Plan	12 Months Ended
Employee Benefit Plan	Dec. 31, 2022
Employee Benefit Plan [Abstract]
Employee Benefit Plan	Note 13. Employee Benefit Plan Under the terms of the U.S. 401(k) plan, we match 100% of up to the first 3% of eligible compensation an employee contributes and 50% of up to the next 2% of eligible compensation contributed. Similarly, our Canadian employees are eligible to participate in the Group Registered Retirement Savings Program where NCS matches 100% of up to 4% of eligible compensation that an employee contributes. All eligible employees may make tax deferred contributions to the plan. Contributions made on behalf of Canadian employees by NCS are taxable income to the employee and may not exceed the Canadian Revenue Agency’s deduction limit for the given year. The employer contributions for the 401(k) plan and the Group Registered Retirement Savings Program were suspended beginning on June 1, 2020 and reinstated on January 1, 2022. In addition, Repeat Precision, maintains a simple IRA plan for eligible employees who may contribute a percentage of their compensation subject to a maximum imposed by the Internal Revenue Code, with Repeat Precision making a matching contribution of up to 3% of the eligible compensation an employee contributes. Our contributions to all of these benefit plans were $1.0 million and $53 thousand, for the years ended December 31, 2022 and 2021, respectively.

Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

Note 14. Leases

Supplemental balance sheet information related to leases are as follows (in thousands):


			December 31,		December 31,
Leases	Consolidated Balance Sheet Classification		2022		2021
Assets
Operating (1)	Operating lease assets	$	4,515	$	4,809
Finance (2)	Property and equipment, net		7,771		7,690
Total leased right-of-use assets		$	12,286	$	12,499

Liabilities
Current
Operating (1)	Operating lease liabilities	$	1,274	$	1,556
Finance	Current maturities of long-term debt		1,433		1,483

Noncurrent
Operating (1)	Operating lease liabilities, long-term		3,680		3,779
Finance	Long-term debt, less current maturities		6,437		6,335
Total lease liabilities		$	12,824	$	13,153

_______________

(1)During the year ended December 31, 2022, we entered into three operating leases and renewed four others for our facilities in various locations. We recorded long-term ROU assets totaling approximately $1.4 million and corresponding operating lease liabilities. The leases have renewal terms from three to approximately six years.

(2)Finance lease right-of-use assets are recorded net of accumulated amortization of $3.5 million and $2.5 million as of December 31, 2022 and 2021, respectively.

The components of lease expense are as follows (in thousands):


		Year Ended December 31,
Lease Cost	Consolidated Statements of Operations Classification	2022		2021
Finance lease cost:
Amortization of right-of-use assets	Depreciation	$	1,531	$	1,461
Interest on lease liabilities	Interest expense, net		364		327
Operating lease cost	Cost of sales; Selling, general and administrative expenses		1,497		1,832
Short-term lease cost	Cost of sales; Selling, general and administrative expenses		896		1,138
Total lease cost		$	4,288	$	4,758

Total operating lease expense included in the consolidated statements of operations was $2.4 million and $3.0 million for the years ended December 31, 2022 and 2021, respectively.

Supplemental cash flow and other information related to leases are as follows (in thousands):


	Year Ended December 31,
Supplemental Cash Flow Disclosures	2022		2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	1,706	$	2,340
Operating cash flows from finance leases		364		327
Return of vehicles under finance lease		(142)		(187)


	December 31,			December 31,
Lease Term and Discount Rate	2022			2021
Weighted-average remaining lease term (years):
Operating leases		3.6			4.3
Finance leases		6.1			7.0
Weighted-average discount rate:
Operating leases		4.5	%		4.7	%
Finance leases		4.5	%		4.6	%

Maturities of lease liabilities are as follows (in thousands):


Year Ending December 31,	Operating Leases		Finance Leases
2023	$	1,463	$	1,830
2024		1,375		1,557
2025		1,148		1,524
2026		919		1,231
2027		462		822
Thereafter		46		2,244
Total lease payments	$	5,413	$	9,208
Less: interest		(459)		(1,338)
Present value of lease liabilities	$	4,954	$	7,870

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Income Taxes

Note 15. Income Taxes

The provision (benefit) from income taxes consists of the following for the years ended December 31, 2022 and 2021 (in thousands):


	Year Ended December 31,
	2022		2021
Current tax expense (benefit)
U.S. Federal	$	(291)	$	37
State		116		(63)
Foreign		260		193
Total current		85		167
Deferred tax expense
U.S. Federal	$	—	$	—
State		—		—
Foreign		266		96
Total deferred		266		96
Total income taxes	$	351	$	263

The following is the domestic and foreign components of our (loss) income before income taxes for the years ended December 31, 2022 and 2021 (in thousands):


	Year Ended December 31,
	2022		2021
U.S. Federal	$	(1,127)	$	(9,775)
Foreign		526		6,259
Loss before income tax	$	(601)	$	(3,516)

The following is a summary of the items that caused recorded income taxes to differ from income taxes computed using the statutory federal income tax rate for the years ended December 31, 2022 and 2021:


	Year Ended December 31,
	2022		2021
Income tax at federal statutory rate	21.0	%	21.0	%
Increase (decrease) in income taxes resulting from:
Foreign taxes on U.S. income	(7.4)	%	(2.3)	%
Non-controlling interest gain/losses	(53.3)	%	(0.3)	%
U.S. tax on foreign earnings	—	%	0.1	%
Nondeductible expenses	(32.1)	%	(8.4)	%
Deductible foreign taxes	36.3	%	4.2	%
Non U.S. income taxed at different rates	(18.3)	%	(4.0)	%
Research and other tax credits	57.8	%	6.3	%
Effect of rate change on deferred tax	(2.8)	%	(1.8)	%
Stock-based compensation	(656.7)	%	(29.7)	%
State taxes	(104.1)	%	(1.4)	%
Change in valuation allowance	675.5	%	(3.4)	%
Other	25.7	%	12.2	%
Income tax	(58.4)	%	(7.5)	%

We recorded a tax expense of $0.4 million and $0.3 million for the years ended December 31, 2022 and 2021, respectively. For the years ended December 31, 2022 and 2021, our effective tax rates were (58.4)% and (7.5)%, respectively.

Included in tax expense (benefit) for the year ended December 31, 2022 was a benefit of $(4.1) million related to changes in valuation allowance on deferred tax assets not expected to be realized, an expense of $0.4 million related to stock awards, a benefit of $(0.1) million related to the effects of taxes on foreign operations, and an expense of $0.6 million related to state taxes.

Included in tax expense (benefit) for the year ended December 31, 2021, was an expense of $1.0 million for tax effects of stock awards and a benefit of $(0.2) million related to effects of taxes on foreign operations.

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of December 31, 2022 and 2021 are as follows (in thousands):


	December 31,
	2022		2021
Deferred tax assets
Accruals not currently deductible	$	3,165	$	6,902
Depreciation and amortization		9,593		10,787
Tax loss carryforward		3,775		2,329
Other		1,799		2,456
		18,332		22,474
Valuation allowance for deferred tax assets		(18,288)		(22,198)
Total deferred tax assets		44		276
Deferred tax liabilities
Foreign currency translation		(148)		(120)
Other		(49)		(34)
Total deferred tax liabilities		(197)		(154)
Net deferred tax assets (liabilities)	$	(153)	$	122

The above are included in the accompanying consolidated balance sheet as follows (in thousands):


	December 31,
	2022		2021
Deferred income tax assets—noncurrent	$	46	$	236
Deferred income tax liabilities—noncurrent		(199)		(114)
	$	(153)	$	122

A valuation allowance has been provided for $15.4 million and $20.6 million against U.S. deferred tax assets as of December 31, 2022 and 2021, respectively. Also, a valuation allowance has been provided for $2.3 million and $1.3 million against

Canadian deferred tax assets as of December 31, 2022 and 2021, respectively. We believe we have not met the more likely than not condition of realizing the benefits of these assets based on management’s position regarding the existence of sufficient projected taxable income of the appropriate character.

As of December 31, 2022 and 2021, there were no material amounts that had been accrued with respect to uncertain tax positions. We believe that there are no tax positions taken or expected to be taken as of December 31, 2022 and 2021 that would significantly increase or decrease unrecognized tax benefits within the next twelve months following the balance sheet date. We file income tax returns in the United States, Canada and various state and foreign jurisdictions. Our U.S. income tax returns for 2019 and subsequent years remain open for examination and our Canadian income tax returns for 2017 and subsequent years remain open for examination.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Loss Per Share

12 Months Ended

Dec. 31, 2022

Loss Per Share [Abstract]

Loss Per Share

Note 16. Loss Per Share

The following table presents the reconciliation of the numerator and denominator for calculating loss per share from net loss (in thousands, except per share data):


	Year Ended December 31,
	2022		2021
Numerator
Net loss	$	(952)	$	(3,779)
Less: income attributable to non-controlling interest		150		955
Net loss attributable to NCS Multistage Holdings, Inc.	$	(1,102)	$	(4,734)

Denominator
Basic weighted average number of shares		2,432		2,396
Dilutive effect of other equity awards		—		—
Diluted weighted average number of shares		2,432		2,396

Loss per common share
Basic	$	(0.45)	$	(1.98)
Diluted	$	(0.45)	$	(1.98)

Potentially dilutive securities excluded as anti-dilutive		194		239

Segment and Geographic Information

12 Months Ended

Dec. 31, 2022

Segment and Geographic Information [Abstract]

Segment and Geographic Information

Note 17. Segment and Geographic Information

We have determined that we operate in one reportable segment that has been identified based on how our chief operating decision maker manages our business.

Revenue by country for 2022 and 2021 is attributed based on the current billing address of the customer. The following table summarizes revenue by geographic area (in thousands):


	Year Ended December 31,
	2022		2021
United States
Product sales	$	34,009	$	26,285
Services		12,228		8,870
Total United States		46,237		35,155
Canada
Product sales		71,176		53,401
Services		29,695		19,682
Total Canada		100,871		73,083
Other Countries
Product sales		674		3,537
Services		7,850		6,727
Total Other Countries		8,524		10,264
Total
Product sales		105,859		83,223
Services		49,773		35,279
Total revenues	$	155,632	$	118,502

The following table summarizes long-lived assets (defined as property and equipment, net and operating lease assets) by geographic area (in thousands):


	December 31,		December 31,
	2022		2021
United States	$	16,861	$	17,835
Canada		9,265		9,604
Other Countries		1,705		2,078
	$	27,831	$	29,517

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

Organization and Basis of Presentation (Policy)	12 Months Ended
Organization and Basis of Presentation (Policy)	Dec. 31, 2022
Organization and Basis of Presentation [Abstract]
Organization	Organization NCS Multistage Holdings, Inc., a Delaware corporation, through its wholly owned subsidiaries and subsidiaries for which it has a controlling voting interest (collectively referred to as the “Company,” “NCS,” “we,” “our” and “us”), is primarily engaged in providing engineered products and support services for oil and natural gas well construction, well completions and field development strategies. We offer our products and services primarily to exploration and production companies for use both in onshore and offshore wells. We operate through service facilities principally located in Houston and Odessa, Texas; Tulsa, Oklahoma; Billings, Montana; Morgantown, West Virginia; Calgary, Red Deer, Grande Prairie and Estevan, Canada; Neuquén, Argentina and Stavanger, Norway.
Basis of Presentation	Basis of Presentation Our accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). All intercompany accounts and transactions have been eliminated in consolidation. We consolidate Repeat Precision, LLC (“Repeat Precision”), a 50% owned entity with operations in the United States and Mexico, because NCS has a controlling voting interest. The other party’s ownership is presented separately as a non-controlling interest. As a smaller reporting company (“SRC”), we applied certain reduced reporting requirements permitted by the Securities and Exchange Commission (“SEC”), including among other things, providing only two years of audited financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Pronouncement Adopted in 2022 In November 2021, the FASB issued ASU No. 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, to increase transparency of disclosure regarding government assistance including the types of assistance, an entity’s method of accounting for the assistance, and the effect of the assistance on an entity’s financial statements. This standard became effective for fiscal years beginning after December 15, 2021. We adopted ASU No. 2021-10 on a prospective basis on January 1, 2022, with no material impact on our consolidated financial statements. Pronouncement Not Yet Effective In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This ASU introduces a new impairment model that is based on expected credit losses rather than incurred credit losses for financial instruments, including trade accounts receivable. It requires an entity to measure expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The new standard was to become effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2019, the FASB issued ASU No. 2019-10, which deferred the effective dates for certain accounting guidance. The effective date for ASU No. 2016-13 remained the same for public business entities that are SEC filers, except for entities who are deemed SRCs. The effective date for all other entities, including SRCs, begins during the first interim period of fiscal years beginning after December 15, 2022. NCS qualifies as an SRC. We have evaluated this guidance and determined the adoption on January 1, 2023 will not have a material impact on our consolidated financial statements.

Summary of Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies [Abstract]

Use of Estimates

COVID-19 Pandemic Impacts

Foreign Currency

Revenue Recognition

The payment terms and conditions in our customer contracts vary. We do not have contracts that contain a financing component and generally do not accept noncash consideration from customers.

Product Sales Revenues

Services Revenues

Cash and Cash Equivalents

We consider all highly liquid instruments purchased with an original maturity date of three months or less to be cash equivalents. These items are carried at cost, which approximates fair value.

Concentration of Credit Risk

Accounts Receivable, Trade and Allowance for Doubtful Accounts

Trade accounts receivable are recorded at their invoiced amounts and do not bear interest. We perform ongoing credit evaluations of our clients and monitor collections and payments.

Inventories

Impairments

Property and Equipment



	Years
Buildings	30
Building equipment and leasehold improvements	1 - 15
Machinery and equipment and service equipment	5 - 12
Computers and software	3 - 5
Furniture and fixtures	3 - 5
Vehicles	2 - 4
Right of use assets - finance leases	(Lease term) 3 - 10

Business Combinations, Goodwill and Identifiable Intangible Assets

Leases

Income Taxes

Share-Based Compensation

Fair Value

Level 1—inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date;

Level 2—inputs other than quoted prices included within Level 1 that are observable for the assets or liability, either directly or indirectly; and

Level 3—inputs are unobservable for the asset or liability, which reflect the best judgment of management.

Earnings Per Share

Research and Development

Recent Accounting Pronouncements

Pronouncement Adopted in 2022

Pronouncement Not Yet Effective

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies [Abstract]

Property and Equipment Estimated Useful Service Lives or Lease Term



	Years
Buildings	30
Building equipment and leasehold improvements	1 - 15
Machinery and equipment and service equipment	5 - 12
Computers and software	3 - 5
Furniture and fixtures	3 - 5
Vehicles	2 - 4
Right of use assets - finance leases	(Lease term) 3 - 10

Revenues (Tables)

12 Months Ended

Dec. 31, 2022

Revenues [Abstract]

Schedule of Contract Liabilities


Balance at December 31, 2020	$	51
Additions		1,056
Revenue recognized		(1,036)
Balance at December 31, 2021	$	71
Additions		1,963
Revenue recognized		(1,983)
Balance at December 31, 2022	$	51

Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2022

Inventories, Net [Abstract]

Schedule of Inventories


	December 31,		December 31,
	2022		2021
Raw materials	$	2,135	$	1,844
Work in process		38		14
Finished goods		34,869		32,059
Total inventories, net	$	37,042	$	33,917

Other Current Receivables (Tables)

12 Months Ended

Dec. 31, 2022

Other Current Receivables [Abstract]

Schedule of Other Current Receivables


	December 31,		December 31,
	2022		2021
Current income tax receivables	$	1,868	$	2,226
Employee receivables		354		238
Other receivables		1,504		2,262
Total other receivables, net	$	3,726	$	4,726

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Property and Equipment [Abstract]

Schedule of Property and Equipment by Major Asset Class



	December 31,		December 31,
	2022		2021
Land	$	1,592	$	1,701
Building and improvements		7,462		8,099
Machinery and equipment		18,156		18,152
Computers and software		2,107		2,256
Furniture and fixtures		748		1,037
Vehicles		262		313
Right of use assets - finance leases		11,231		10,228
Service equipment		57		244
		41,615		42,030
Less: Accumulated depreciation and amortization		(18,844)		(17,752)
		22,771		24,278
Construction in progress		545		430
Property and equipment, net	$	23,316	$	24,708

Schedule of Depreciation Expense Associated Income Statement Line Items


	Year Ended December 31,
	2022		2021
Cost of sales
Cost of product sales	$	1,425	$	1,399
Cost of services		547		691
Selling, general and administrative expenses		1,678		1,742
Total depreciation	$	3,650	$	3,832

Goodwill and Identifiable Intangibles (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Identifiable Intangibles [Abstract]

Changes in Carrying Amount of Goodwill


	December 31,		December 31,
	2022		2021
Gross value	$	177,162	$	177,162
Accumulated impairment		(161,940)		(161,940)
Net	$	15,222	$	15,222

Schedule of Identifiable Intangibles



		December 31, 2022
	Estimated	Gross
	Useful	Carrying		Accumulated		Net
	Lives (Years)	Amount		Amortization		Balance
Technology	1 - 20	$	3,958	$	(604)	$	3,354
Customer relationships	10		4,100		(2,426)		1,674
Total amortizable intangible assets		$	8,058	$	(3,030)	$	5,028
Technology - not subject to amortization	Indefinite		48		—		48
Total identifiable intangibles		$	8,106	$	(3,030)	$	5,076



		December 31, 2021
	Estimated	Gross
	Useful	Carrying		Accumulated		Net
	Lives (Years)	Amount		Amortization		Balance
Technology	1 - 20	$	3,958	$	(346)	$	3,612
Customer relationships	10		4,100		(2,016)		2,084
Total amortizable intangible assets		$	8,058	$	(2,362)	$	5,696
Technology - not subject to amortization	Indefinite		48		—		48
Total identifiable intangibles		$	8,106	$	(2,362)	$	5,744

Schedule of Estimated Future Amortization Expense


2023	$	669
2024		669
2025		669
2026		669
2027		292
Thereafter		2,060
Total	$	5,028

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 55
-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2022

Accrued Expenses [Abstract]

Schedule of Accrued Expenses



	December 31,		December 31,
	2022		2021
Accrued payroll and bonus	$	3,227	$	4,208
Property and franchise taxes accrual		340		550
Accrued other miscellaneous liabilities		824		1,565
	$	4,391	$	6,323

Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt [Abstract]

Schedule of Long-term Debt



	December 31,		December 31,
	2022		2021
Prior Senior Secured Credit Facility	$	—	$	—
ABL Facility		—		—
Repeat Precision Promissory Note		56		—
Finance leases		7,870		7,818
Total debt		7,926		7,818
Less: current portion		(1,489)		(1,483)
Long-term debt	$	6,437	$	6,335

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Summary of Stock Option Activity



2012 Equity Plan and 2017 Equity Plan	Service ‎Based ‎Options	Liquidity ‎Options	Total ‎Options	Service Based ‎Weighted ‎Average ‎Exercise ‎Price		Liquidity ‎Based ‎Weighted ‎Average ‎Exercise ‎Price		Service Based ‎Weighted ‎Average ‎Remaining ‎Contractual ‎Life (Years)	Liquidity ‎Weighted ‎Average ‎Remaining ‎Contractual ‎Life (Years)
Outstanding at December 31, 2021	39,234	58,582	97,816	$	123.74	$	121.07	1.12	1.07
Expired during the year	(36,385)	(54,580)	(90,965)		117.57		117.60
Outstanding at December 31, 2022	2,849	4,002	6,851	$	202.62	$	168.43	1.98	1.47
Exercisable as of December 31, 2022	2,849	4,002	6,851	$	202.62	$	168.43	1.98	1.47

Summary of Share-Based Compensation Expense Recognized in Selling, General and Administrative Expense


	Year Ended December 31,
	2022		2021
Restricted stock units	$	2,205	$	2,605
Equivalent stock units		2,586		2,400
Performance stock unit awards		1,248		1,610
Stock options		—		6
Total share-based compensation expense	$	6,039	$	6,621
Related income tax benefit	$	802	$	572

Equivalent Stock Unit Awards [Member]

Summary of Stock Unit Activity


	Number of ‎Awards	Weighted ‎Average ‎Grant Date ‎Fair Value
Non-vested at December 31, 2021	132,576	$	31.77
Granted	67,297		39.41
Vested	(61,309)		35.09
Forfeited	(2,708)		35.31
Non-vested at December 31, 2022	135,856	$	33.98

Performance Stock Unit Awards (PSUs) [Member]

Summary of Stock Unit Activity


	Number of ‎Awards	Weighted ‎Average ‎Grant Date ‎Fair Value
Non-vested at December 31, 2021	68,810	$	36.07
Granted	40,677		58.86
Vested	—		—
Forfeited	(51,806)		26.20
Non-vested at December 31, 2022	57,681	$	61.00

Schedule of Weighted Average Assumptions Used to Estimate Fair Value of Awards


	November 2022			March 2022			February 2021
Grant date		November 1, 2022			March 2, 2022			February 28, 2021
Performance period		January 1, 2023 to December 31, 2025			January 1, 2022 to December 31, 2024			January 1, 2021 to December 31, 2023
Volatility		95.6	%		102.1	%		103.5	%
Risk-free interest rate		4.4	%		1.6	%		0.3	%
Expected dividends		—	%		—	%		—	%
Grant date price	$	30.50		$	42.90		$	38.50
Weighted-average fair value per share	$	49.52		$	71.28		$	66.14

2017 Plan [Member] | Restricted Stock Units (RSUs) [Member]

Summary of Stock Unit Activity


	Number of ‎Awards	Weighted ‎Average ‎Grant Date ‎Fair Value
Non-vested at December 31, 2021	76,923	$	47.61
Granted	89,669		39.69
Vested (including 11,151 shares that have not been released)	(45,991)		53.83
Forfeited	(1,888)		41.18
Non-vested at December 31, 2022	118,713	$	39.32

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Supplemental Balance Sheet Information Related to Leases


			December 31,		December 31,
Leases	Consolidated Balance Sheet Classification		2022		2021
Assets
Operating (1)	Operating lease assets	$	4,515	$	4,809
Finance (2)	Property and equipment, net		7,771		7,690
Total leased right-of-use assets		$	12,286	$	12,499

Liabilities
Current
Operating (1)	Operating lease liabilities	$	1,274	$	1,556
Finance	Current maturities of long-term debt		1,433		1,483

Noncurrent
Operating (1)	Operating lease liabilities, long-term		3,680		3,779
Finance	Long-term debt, less current maturities		6,437		6,335
Total lease liabilities		$	12,824	$	13,153

_______________

(1)During the year ended December 31, 2022, we entered into three operating leases and renewed four others for our facilities in various locations. We recorded long-term

Components of Lease Expense


		Year Ended December 31,
Lease Cost	Consolidated Statements of Operations Classification	2022		2021
Finance lease cost:
Amortization of right-of-use assets	Depreciation	$	1,531	$	1,461
Interest on lease liabilities	Interest expense, net		364		327
Operating lease cost	Cost of sales; Selling, general and administrative expenses		1,497		1,832
Short-term lease cost	Cost of sales; Selling, general and administrative expenses		896		1,138
Total lease cost		$	4,288	$	4,758

Supplemental Cash Flow and Other Information Related to Leases


	Year Ended December 31,
Supplemental Cash Flow Disclosures	2022		2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	1,706	$	2,340
Operating cash flows from finance leases		364		327
Return of vehicles under finance lease		(142)		(187)

Lease Term and Discount Rate


	December 31,			December 31,
Lease Term and Discount Rate	2022			2021
Weighted-average remaining lease term (years):
Operating leases		3.6			4.3
Finance leases		6.1			7.0
Weighted-average discount rate:
Operating leases		4.5	%		4.7	%
Finance leases		4.5	%		4.6	%

Maturities of Lease Liabilities


Year Ending December 31,	Operating Leases		Finance Leases
2023	$	1,463	$	1,830
2024		1,375		1,557
2025		1,148		1,524
2026		919		1,231
2027		462		822
Thereafter		46		2,244
Total lease payments	$	5,413	$	9,208
Less: interest		(459)		(1,338)
Present value of lease liabilities	$	4,954	$	7,870

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Provision (Benefit) from Income Taxes


	Year Ended December 31,
	2022		2021
Current tax expense (benefit)
U.S. Federal	$	(291)	$	37
State		116		(63)
Foreign		260		193
Total current		85		167
Deferred tax expense
U.S. Federal	$	—	$	—
State		—		—
Foreign		266		96
Total deferred		266		96
Total income taxes	$	351	$	263

Domestic and Foreign Components of (Loss) Income Before Income Taxes


	Year Ended December 31,
	2022		2021
U.S. Federal	$	(1,127)	$	(9,775)
Foreign		526		6,259
Loss before income tax	$	(601)	$	(3,516)

Summary of Items that Caused Recorded Income Taxes to Differ from Income Taxes Computed Using Statutory Federal Income Tax Rate


	Year Ended December 31,
	2022		2021
Income tax at federal statutory rate	21.0	%	21.0	%
Increase (decrease) in income taxes resulting from:
Foreign taxes on U.S. income	(7.4)	%	(2.3)	%
Non-controlling interest gain/losses	(53.3)	%	(0.3)	%
U.S. tax on foreign earnings	—	%	0.1	%
Nondeductible expenses	(32.1)	%	(8.4)	%
Deductible foreign taxes	36.3	%	4.2	%
Non U.S. income taxed at different rates	(18.3)	%	(4.0)	%
Research and other tax credits	57.8	%	6.3	%
Effect of rate change on deferred tax	(2.8)	%	(1.8)	%
Stock-based compensation	(656.7)	%	(29.7)	%
State taxes	(104.1)	%	(1.4)	%
Change in valuation allowance	675.5	%	(3.4)	%
Other	25.7	%	12.2	%
Income tax	(58.4)	%	(7.5)	%

Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities


	December 31,
	2022		2021
Deferred tax assets
Accruals not currently deductible	$	3,165	$	6,902
Depreciation and amortization		9,593		10,787
Tax loss carryforward		3,775		2,329
Other		1,799		2,456
		18,332		22,474
Valuation allowance for deferred tax assets		(18,288)		(22,198)
Total deferred tax assets		44		276
Deferred tax liabilities
Foreign currency translation		(148)		(120)
Other		(49)		(34)
Total deferred tax liabilities		(197)		(154)
Net deferred tax assets (liabilities)	$	(153)	$	122

The above are included in the accompanying consolidated balance sheet as follows (in thousands):


	December 31,
	2022		2021
Deferred income tax assets—noncurrent	$	46	$	236
Deferred income tax liabilities—noncurrent		(199)		(114)
	$	(153)	$	122

Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Loss Per Share [Abstract]

Reconciliation of Numerator and Denominator for Calculating Earnings (Loss) Per Common Share from Net Income (Loss)


	Year Ended December 31,
	2022		2021
Numerator
Net loss	$	(952)	$	(3,779)
Less: income attributable to non-controlling interest		150		955
Net loss attributable to NCS Multistage Holdings, Inc.	$	(1,102)	$	(4,734)

Denominator
Basic weighted average number of shares		2,432		2,396
Dilutive effect of other equity awards		—		—
Diluted weighted average number of shares		2,432		2,396

Loss per common share
Basic	$	(0.45)	$	(1.98)
Diluted	$	(0.45)	$	(1.98)

Potentially dilutive securities excluded as anti-dilutive		194		239

Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment and Geographic Information [Abstract]

Summary of Revenue and Long-Lived Assets by Geographical Area


	Year Ended December 31,
	2022		2021
United States
Product sales	$	34,009	$	26,285
Services		12,228		8,870
Total United States		46,237		35,155
Canada
Product sales		71,176		53,401
Services		29,695		19,682
Total Canada		100,871		73,083
Other Countries
Product sales		674		3,537
Services		7,850		6,727
Total Other Countries		8,524		10,264
Total
Product sales		105,859		83,223
Services		49,773		35,279
Total revenues	$	155,632	$	118,502

The following table summarizes long-lived assets (defined as property and equipment, net and operating lease assets) by geographic area (in thousands):


	December 31,		December 31,
	2022		2021
United States	$	16,861	$	17,835
Canada		9,265		9,604
Other Countries		1,705		2,078
	$	27,831	$	29,517

Organization and Basis of Presentation (Narrative) (Details)	Dec. 31, 2022
Repeat Precision [Member]
Controlling interest, ownership percentage	50.00%

Summary of Significant Accounting Policies (Narrative) (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) customer
Provision for doubtful accounts		$ 100,000
Impairment of property and equipment and identifiable intangible assets	$ 0	0
Goodwill impairment charge	0	0
Research and development expense	$ 2,700,000	$ 2,100,000
Minimum [Member]
Operating lease renewal terms	5 years
Maximum [Member]
Operating lease renewal terms	10 years
Trade Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Number of customers \| customer		1
Customer One [Member] \| Trade Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Concentration risk, percentage		11.00%

Summary of Significant Accounting Policies (Property and Equipment Estimated Useful Service Lives or Lease Term) (Details)	12 Months Ended
	Dec. 31, 2022
Building [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	30 years
Maximum [Member] \| Building Equipment and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	15 years
Maximum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	12 years
Maximum [Member] \| Computer and software [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	5 years
Maximum [Member] \| Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	5 years
Maximum [Member] \| Vehicles [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	4 years
Maximum [Member] \| Right Of Use Assets - Finance Leases [Member]
Property, Plant and Equipment [Line Items]
Lease term	10 years
Minimum [Member] \| Building Equipment and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	1 year
Minimum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	5 years
Minimum [Member] \| Computer and software [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	3 years
Minimum [Member] \| Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	3 years
Minimum [Member] \| Vehicles [Member]
Property, Plant and Equipment [Line Items]
Useful service lives	2 years
Minimum [Member] \| Right Of Use Assets - Finance Leases [Member]
Property, Plant and Equipment [Line Items]
Lease term	3 years

Revenues (Narrative) (Details) $ in Thousands	12 Months Ended
Revenues (Narrative) (Details) $ in Thousands	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($) item	Dec. 31, 2020 item
Revenues [Abstract]
Revenue recognized from the contract liability balance \| $	$ 1,983	$ 1,036
Number of performance obligations associated with self-service product line \| item	2	2	2

Revenues (Schedule of Contract Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current Contract Liabilities [Abstract]
Current contract liabilities: Beginning balance	$ 71	$ 51
Additions	1,963	1,056
Revenue recognized	(1,983)	(1,036)
Current contract liabilities: Ending balance	$ 51	$ 71

Inventories, Net (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventories, Net [Abstract]
Raw materials	$ 2,135	$ 1,844
Work in process	38	14
Finished goods	34,869	32,059
Total inventories, net	$ 37,042	$ 33,917

Other Current Receivables (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other current receivables	$ 3,726	$ 4,726
Special Oilfield Services Co. LLC [Member] \| Technical Services And Assistance Agreement [Member]
Other current receivables	$ 700

Other Current Receivables (Schedule Of Other Current Receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Current Receivables [Abstract]
Current income tax receivables	$ 1,868	$ 2,226
Employee receivables	354	238
Other receivables	1,504	2,262
Total other receivables, net	$ 3,726	$ 4,726

Property and Equipment (Narrative) (Details) - USD ($)	12 Months Ended
Property and Equipment (Narrative) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Property and Equipment [Abstract]
Impairment charge of property and equipment	$ 0	$ 0

Property and Equipment (Schedule of Property and Equipment by Major Asset Class) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment	$ 41,615	$ 42,030
Less: Accumulated depreciation and amortization	(18,844)	(17,752)
Property and equipment, net, excluding construction in progress	22,771	24,278
Construction in progress	545	430
Property and equipment, net	23,316	24,708
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,592	1,701
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	7,462	8,099
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	18,156	18,152
Computer and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	2,107	2,256
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	748	1,037
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	262	313
Right Of Use Assets - Finance Leases [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	11,231	10,228
Service Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 57	$ 244

Property and Equipment (Schedule of Depreciation Expense Associated Income Statement Line Items) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Depreciation expense	$ 3,650	$ 3,832
Cost of product sales [Member]
Depreciation expense	1,425	1,399
Cost of services [Member]
Depreciation expense	547	691
Selling, general and administrative expenses [Member]
Depreciation expense	$ 1,678	$ 1,742

Goodwill and Identifiable Intangibles (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill	$ 15,222,000	$ 15,222,000
Goodwill impairment charge	0	0
Finite-lived intangible assets impairment charge	0	0
Amortization expense	$ 669,000	669,000
Weighted average amortization period	13 years
Repeat Precision Reporting Unit [Member]
Goodwill [Line Items]
Goodwill	$ 15,222,000	$ 15,222,000

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Goodwill and Identifiable Intangibles (Changes in Carrying Amount of Goodwill) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Identifiable Intangibles [Abstract]
Gross value	$ 177,162	$ 177,162
Accumulated impairment	(161,940)	(161,940)
Net	$ 15,222	$ 15,222

- Definition

+ References + Details

Goodwill and Identifiable Intangibles (Schedule of Identifiable Intangibles) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Carrying Amount	$ 8,058	$ 8,058
Finite-lived intangible assets, Accumulated Amortization	(3,030)	(2,362)
Total	5,028	5,696
Intangible Assets, Gross (Excluding Goodwill), Total	8,106	8,106
Intangible Assets, Net (Excluding Goodwill), Total	5,076	5,744
Technology Not Subject To Amortization [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	48	48
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Gross Carrying Amount	3,958	3,958
Finite-lived intangible assets, Accumulated Amortization	(604)	(346)
Total	$ 3,354	$ 3,612
Technology [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	1 year	1 year
Technology [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	20 years	20 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	10 years	10 years
Finite-lived intangible assets, Gross Carrying Amount	$ 4,100	$ 4,100
Finite-lived intangible assets, Accumulated Amortization	(2,426)	(2,016)
Total	$ 1,674	$ 2,084

Goodwill and Identifiable Intangibles (Schedule of Estimated Future Amortization Expense) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Identifiable Intangibles [Abstract]
2023	$ 669
2024	669
2025	669
2026	669
2027	292
Thereafter	2,060
Total	$ 5,028	$ 5,696

Accrued Expenses (Schedule of Accrued Expenses) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued Expenses [Abstract]
Accrued payroll and bonus	$ 3,227	$ 4,208
Property and franchise taxes accrual	340	550
Accrued other miscellaneous liabilities	824	1,565
Total accrued expenses	$ 4,391	$ 6,323

Debt (Narrative) (Details)		3 Months Ended	12 Months Ended
Debt (Narrative) (Details)	Aug. 06, 2020 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($)	May 03, 2022 USD ($)	Feb. 16, 2018 USD ($)
Debt Instrument [Line Items]
Amortization expense of deferred financing charges			$ 231,000	$ 281,000
Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt instrument, fair value			6,800,000	7,500,000
Prior Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit outstanding				0
Interest expense including commitment fees			47,000,000	100,000
Unamortized deferred					$ 300,000
Interest expense on debt		$ 200,000
Deferred loan costs					$ 100,000
Debt issuance cost net				1,200,000
Prior Senior Secured Credit Facility [Member] \| U.S. Borrower [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 25,000,000.0
Prior Senior Secured Credit Facility [Member] \| Credit Facility Subject To Sublimit [Member] \| Canadian Borrower [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 15,000,000.0
Prior Senior Secured Credit Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate	2.75%
Prior Senior Secured Credit Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate	3.75%
Prior Senior Secured Credit Facility [Member] \| Maximum [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Letter of credit outstanding amount				$ 100,000
ABL Facility [Member]
Debt Instrument [Line Items]
Line of credit outstanding			0
Unamortized deferred			1,000,000.0
Debt instrument, borrowing base			$ 18,600,000
Debt maturity date			May 03, 2027
Interest rate, effective percentage			6.80%
Credit commitment fee amount			$ 100,000
Condition to borrow, maximum cash on hand after borrowings			$ 10,000,000.0
Fixed charge coverage ratio \| item			1.0
Amortization expense of deferred financing charges			$ 100,000
ABL Facility [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			35,000,000.0
ABL Facility [Member] \| Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			7,500,000
ABL Facility [Member] \| Borrowing Allowed in Canadian Dollars [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 10,000,000.0
ABL Facility [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Commitment fee, percentage			0.25%
ABL Facility [Member] \| Minimum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate			1.40%
ABL Facility [Member] \| Minimum [Member] \| Adjusted Daily Simple SOFR, Adjusted Term SOFR Rate, Canadian Prime Rate, and CDOR Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate			2.40%
ABL Facility [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Commitment fee, percentage			0.50%
Minimum liquidity percentage required under new financial covenants			20.00%
ABL Facility [Member] \| Maximum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate			2.40%
ABL Facility [Member] \| Maximum [Member] \| Adjusted Daily Simple SOFR, Adjusted Term SOFR Rate, Canadian Prime Rate, and CDOR Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate			3.40%
Repeat Precision Promissory Note [Member]
Debt Instrument [Line Items]
Line of credit outstanding			$ 56,000
Debt instrument variable interest rate			1.00%
Debt maturity date			Aug. 10, 2024
Debt instrument stated interest rate			8.50%
Repeat Precision Promissory Note [Member] \| February 2017 Note [Member]
Debt Instrument [Line Items]
Debt maturity date			Feb. 11, 2023
Debt instrument, maximum borrowing capacity						$ 4,300,000

Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Finance leases	$ 7,870	$ 7,818
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Total debt	$ 7,926	$ 7,818
Less: current portion	(1,489)	(1,483)
Long-term debt, less current maturities	6,437	6,335
Prior Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Debt
ABL Facility [Member]
Debt Instrument [Line Items]
Debt
Repeat Precision Promissory Note [Member]
Debt Instrument [Line Items]
Debt	$ 56

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Aug. 31, 2022	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded from Other Party	$ 1,900
Revenues			$ 155,632	$ 118,502
Other income, net			2,950	2,054
Other current receivables			3,726	4,726
Cost of sales [Member]
Loss Contingencies [Line Items]
Refundable tax credits amount under employee retention credit				900
General and Administrative Expense [Member]
Loss Contingencies [Line Items]
Refundable tax credits amount under employee retention credit				2,300
Patent Infringement Settlement [Member]
Loss Contingencies [Line Items]
Litigation Settlement, Amount Awarded from Other Party		$ 500
CARES Act [Member]
Loss Contingencies [Line Items]
Refundable tax credits amount under employee retention credit				3,200
Proceeds from refundable tax credits			200	2,100
Other current receivables			$ 900	1,100
CARES Act [Member] \| Repeat Precision Reporting Unit [Member]
Loss Contingencies [Line Items]
Refundable tax credits amount under employee retention credit				500
Special Oilfield Services Co. LLC [Member]
Loss Contingencies [Line Items]
Percentage of withholding tax on profit payable			10.00%
Amount receivable associated with profit sharing provision of collaboration arrangement pursuant to contractual terms				700
Withholding tax on profit-share			$ 100	100
Special Oilfield Services Co. LLC [Member] \| Tracer Diagnostic Services [Member]
Loss Contingencies [Line Items]
Revenues			1,200	900
Other income, net			$ 700	$ 500

Stockholders' Equity (Narrative) (Details)	12 Months Ended
Stockholders' Equity (Narrative) (Details)	Dec. 31, 2022 item $ / shares shares	Dec. 31, 2021 $ / shares shares
Stockholders' Equity [Abstract]
Common stock, shares authorized (in shares)	11,250,000	11,250,000
Common stock, shares outstanding (in shares)	2,408,474	2,380,374
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares outstanding (in shares)	0	0
Voting right for each share of common stock held \| item	1
Dividends declared \| $ / shares	$ 0	$ 0

Share-Based Compensation (Narrative) (Details)	12 Months Ended
Share-Based Compensation (Narrative) (Details)	Dec. 31, 2022 USD ($) item shares	Dec. 31, 2021 USD ($) shares
Share-based compensation arrangement outstanding aggregate intrinsic values \| $	$ 0
Share-based compensation arrangement intrinsic value of options exercised \| $	$ 0
Share-based compensation arrangement shares exercised	0	0
Restricted Stock Units (RSUs) [Member]
Total value of shares vested and released \| $	$ 1,600,000	$ 1,000,000.0
Income tax benefit realized from compensation expense \| $	300,000	200,000
Share-based compensation cost not yet recognized share-based awards Other than options \| $	$ 2,900,000
Share-based compensation cost recognition weighted average period	2 years
Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
Number of vesting equal annual installments \| item	3
Equivalent Stock Units (ESUs) [Member]
Number of vesting equal annual installments \| item	3
Payments made upon settlement of the ESUs \| $	$ 2,600,000	$ 1,800,000
Share-based compensation arrangement, liability \| $	1,500,000
Performance Stock Unit Awards (PSUs) [Member]
Share-based compensation cost not yet recognized share-based awards Other than options \| $	$ 2,400,000
Share-based compensation cost recognition weighted average period	3 years
Performance Stock Unit Awards (PSUs) [Member] \| Minimum [Member]
Share-based compensation cost recognition weighted average period	2 years
Number of common stock shares issued for each PSU	0
Performance Stock Unit Awards (PSUs) [Member] \| Maximum [Member]
Number of common stock shares issued for each PSU	2
Performance Stock Unit Awards (PSUs) [Member] \| 50th percentile relative TSR [Member]
Share-based compensation arrangement performance obligations, percentage	65.00%
Performance Stock Unit Awards (PSUs) [Member] \| 90th percentile relative TSR [Member] \| Maximum [Member]
Share-based compensation arrangement performance obligations, percentage	200.00%
Liquidity Options [Member]
Income tax benefit realized from compensation expense \| $	$ 0
2012 Plan [Member]
Share-based compensation arrangement options outstanding	6,219
2017 Plan [Member]
Share-based compensation arrangement by share-based payment award, number of additional shares authorized	325,000
Share-based compensation arrangement shares available for grant	243,354
2017 Plan [Member] \| Maximum [Member]
Number of shares authorized	226,626
Share-based compensation arrangement shares available for grant	551,626
2012 Equity Plan and 2017 Equity Plan [Member]
Share-based compensation arrangement options outstanding	6,851	97,816
2012 Equity Plan and 2017 Equity Plan [Member] \| Employee Stock Option [Member]
Share-based compensation arrangement term	10 years
2012 Equity Plan and 2017 Equity Plan [Member] \| Employee Stock Option [Member] \| Minimum [Member]
Share-based compensation vesting period	3 years
2012 Equity Plan and 2017 Equity Plan [Member] \| Employee Stock Option [Member] \| Maximum [Member]
Share-based compensation vesting period	5 years
2012 Equity Plan and 2017 Equity Plan [Member] \| Liquidity Options [Member]
Share-based compensation arrangement options outstanding	4,002	58,582

Share-Based Compensation (Summary of Stock Unit Awards Activity) (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Beginning balance, Non-vested awards (in shares)	76,923
Granted (in shares)	89,669
Vested (in shares)	(45,991)
Forfeited (in shares)	(1,888)
Ending balance, Non-vested awards (in shares)	118,713
Beginning balance, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	$ 47.61
Granted, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	39.69
Vested, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	53.83
Forfeited, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	41.18
Ending balance, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	$ 39.32
Shares held in Employee Stock Option Plan, Suspense Shares	11,151
Equivalent Stock Unit Awards [Member]
Beginning balance, Non-vested awards (in shares)	132,576
Granted (in shares)	67,297
Vested (in shares)	(61,309)
Forfeited (in shares)	(2,708)
Ending balance, Non-vested awards (in shares)	135,856
Beginning balance, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	$ 31.77
Granted, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	39.41
Vested, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	35.09
Forfeited, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	35.31
Ending balance, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	$ 33.98
Performance Based Restricted Stock Units [Member]
Beginning balance, Non-vested awards (in shares)	68,810
Granted (in shares)	40,677
Vested (in shares)
Forfeited (in shares)	(51,806)
Ending balance, Non-vested awards (in shares)	57,681
Beginning balance, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	$ 36.07
Granted, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	58.86
Vested, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares
Forfeited, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	26.20
Ending balance, Non-vested awards weighted average grant date fair value (in dollars per share) \| $ / shares	$ 61.00

Share-Based Compensation (Schedule of Weighted Average Assumptions Used to Estimate Fair Value of Awards) (Details) - Performance Stock Unit Awards (PSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
November 2022 [Member]
Grant date	Nov. 01, 2022
Performance period start date	Jan. 01, 2023
Performance period end date	Dec. 31, 2025
Expected volatility	95.60%
Average risk free interest rate	4.40%
Expected dividends
Grant date price	$ 30.50
Weighted-average fair value per share	$ 49.52
March 2022 [Member]
Grant date		Mar. 02, 2022
Performance period start date		Jan. 01, 2022
Performance period end date		Dec. 31, 2024
Expected volatility		102.10%
Average risk free interest rate		1.60%
Expected dividends
Grant date price		$ 42.90
Weighted-average fair value per share		$ 71.28
February 2021 [Member]
Grant date			Feb. 28, 2021
Performance period start date			Jan. 01, 2021
Performance period end date			Dec. 31, 2023
Expected volatility			103.50%
Average risk free interest rate			0.30%
Expected dividends
Grant date price			$ 38.50
Weighted-average fair value per share			$ 66.14

Share-Based Compensation (Summary of Stock Option Activity) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Exercised (in shares)	0	0
2012 Equity Plan and 2017 Equity Plan [Member]
Beginning balance, Outstanding (in shares)	97,816
Expired (in shares)	(90,965)
Ending balance, Outstanding (in shares)	6,851	97,816
Exercisable at end of period (in shares)	6,851
2012 Equity Plan and 2017 Equity Plan [Member] \| Service Based Options [Member]
Beginning balance, Outstanding (in shares)	39,234
Beginning balance, Weighted average exercise price (in dollars per share)	$ 123.74
Expired (in shares)	(36,385)
Expired, Weighted average exercise price (in dollars per share)	$ 117.57
Ending balance, Outstanding (in shares)	2,849	39,234
Ending balance, Weighted average exercise price (in dollars per share)	$ 202.62	$ 123.74
Weighted average remaining contractual life (years)	1 year 11 months 23 days	1 year 1 month 13 days
Exercisable at end of period (in shares)	2,849
Exercisable at end of period, Weighted average exercise price (in dollars per share)	$ 202.62
Exercisable, Weighted average remaining contractual life (years)	1 year 11 months 23 days
2012 Equity Plan and 2017 Equity Plan [Member] \| Liquidity Options [Member]
Beginning balance, Outstanding (in shares)	58,582
Beginning balance, Weighted average exercise price (in dollars per share)	$ 121.07
Expired (in shares)	(54,580)
Expired, Weighted average exercise price (in dollars per share)	$ 117.60
Ending balance, Outstanding (in shares)	4,002	58,582
Ending balance, Weighted average exercise price (in dollars per share)	$ 168.43	$ 121.07
Weighted average remaining contractual life (years)	1 year 5 months 19 days	1 year 25 days
Exercisable at end of period (in shares)	4,002
Exercisable at end of period, Weighted average exercise price (in dollars per share)	$ 168.43
Exercisable, Weighted average remaining contractual life (years)	1 year 5 months 19 days

Share-Based Compensation (Summary of Share-Based Compensation Expense Recognized in Selling, General and Administrative Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total share-based compensation expense	$ 6,039	$ 6,621
Related income tax benefit	802	572
Restricted Stock Units (RSUs) [Member]
Total share-based compensation expense	2,205	2,605
Equivalent Stock Units (ESUs) [Member]
Total share-based compensation expense	2,586	2,400
Performance Stock Unit Awards (PSUs) [Member]
Total share-based compensation expense	$ 1,248	1,610
Employee Stock Option [Member]
Total share-based compensation expense		$ 6

Employee Benefit Plan (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
401(k) plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Cost	$ 1,000	$ 53,000
401(k) plan [Member] \| United States [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution, percent of match	100.00%
Employer matching contribution, percent of employees' gross pay	3.00%
Employer discretionary matching contribution, percent of match	50.00%
Employer discretionary maximum matching contribution, percent of employee' gross pay	2.00%
401(k) plan [Member] \| Canada [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution, percent of match	100.00%
Employer matching contribution, percent of employees' gross pay	4.00%
Repeat Precision Reporting Unit [Member] \| Simple IRA [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution, percent of employees' gross pay	3.00%

Leases (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease expense	$ 2,400	$ 3,000

Leases (Supplemental Balance Sheet Information Related to Leases) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($)
Operating lease right-of-use assets	$ 4,515	$ 4,809
Finance lease right-of-use assets	$ 7,771	$ 7,690
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Total leased right-of-use assets	$ 12,286	$ 12,499
Liabilities Current
Operating lease liabilities	1,274	1,556
Finance lease liabilities	$ 1,433	$ 1,483
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long-term Debt and Capital Lease Obligations, Current	Long-term Debt and Capital Lease Obligations, Current
Liabilities Noncurrent
Operating lease liabilities	$ 3,680	$ 3,779
Finance lease liabilities	$ 6,437	$ 6,335
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term Debt and Capital Lease Obligations	Long-term Debt and Capital Lease Obligations
Total lease liabilities	$ 12,824	$ 13,153
Other Various Locations [Member]
Operating lease right-of-use assets	1,400
Liabilities Noncurrent
Operating lease liabilities	$ 1,400
Number of new operating leases \| item	3
Number of renewed operating leases \| item	4
Finance Lease Right Of Use Assets [Member]
Liabilities Noncurrent
Finance lease accumulated depreciation	$ 3,500	$ 2,500
Minimum [Member]
Liabilities Noncurrent
Operating lease renewal terms	5 years
Minimum [Member] \| Other Various Locations [Member]
Liabilities Noncurrent
Operating lease renewal terms	3 years
Maximum [Member]
Liabilities Noncurrent
Operating lease renewal terms	10 years
Maximum [Member] \| Other Various Locations [Member]
Liabilities Noncurrent
Operating lease renewal terms	6 years

Leases (Components of Lease Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finance lease cost
Amortization of right-of-use assets	$ 1,531	$ 1,461
Interest on lease liabilities	364	327
Operating lease cost	1,497	1,832
Short-term lease cost	896	1,138
Total lease cost	$ 4,288	$ 4,758

Leases (Supplemental Cash Flow and Other Information Related to Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$ 1,706	$ 2,340
Operating cash flows from finance leases	364	327
Return of vehicles under finance lease	$ (142)	$ (187)

Leases (Lease Term and Discount Rate) (Details)	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted-average remaining lease term (years): Operating leases	3 years 7 months 6 days	4 years 3 months 18 days
Weighted-average remaining lease term (years): Finance leases	6 years 1 month 6 days	7 years
Weighted-average discount rate: Operating leases	4.50%	4.70%
Weighted-average discount rate: Finance leases	4.50%	4.60%

Leases (Maturities of Lease Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating Leases
2023	$ 1,463
2024	1,375
2025	1,148
2026	919
2027	462
Thereafter	46
Total lease payments	5,413
Less: interest	(459)
Present value of lease liabilities	4,954
Finance Leases
2023	1,830
2024	1,557
2025	1,524
2026	1,231
2027	822
Thereafter	2,244
Total lease payments	9,208
Less: interest	(1,338)
Present value of lease liabilities	$ 7,870	$ 7,818

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 351	$ 263
Effective tax rate	(58.40%)	(7.50%)
Included in tax expense (benefit), changes in valuation allowance on deferred tax assets	$ (4,100)
Included in tax expense (benefit), stock awards	400	$ 1,000
Included in tax expense (benefit), effects of taxes on foreign operations	(100)	(200)
Included in tax expense (benefit), state taxes	600
Deferred tax assets, valuation allowance	18,288	22,198
Domestic Tax Authority [Member]
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance	15,400	20,600
Foreign Tax Authority [Member]
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance	$ 2,300	$ 1,300

Income Taxes (Provision (Benefit) from Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current tax expense (benefit):
U.S. Federal	$ (291)	$ 37
State	116	(63)
Foreign	260	193
Total current	85	167
Deferred tax expense:
Foreign	266	96
Total deferred	266	96
Total income taxes	$ 351	$ 263

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes (Domestic and Foreign Components of (Loss) Income Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Abstract]
U.S. Federal	$ (1,127)	$ (9,775)
Foreign	526	6,259
Loss before income tax	$ (601)	$ (3,516)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Income Taxes (Summary of Items that Caused Recorded Income Taxes to Differ from Income Taxes Computed Using Statutory Federal Income Tax Rate) (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Abstract]
Income tax at federal statutory rate	21.00%	21.00%
Foreign taxes on U.S. income	(7.40%)	(2.30%)
Non-controlling interest gain/losses	(53.30%)	(0.30%)
U.S. tax on foreign earnings		0.10%
Nondeductible expenses	(32.10%)	(8.40%)
Deductible foreign taxes	36.30%	4.20%
Non U.S. income taxed at different rates	(18.30%)	(4.00%)
Research and other tax credits	57.80%	6.30%
Effect of rate change on deferred tax	(2.80%)	(1.80%)
Stock-based compensation	(656.70%)	(29.70%)
State taxes	(104.10%)	(1.40%)
Change in valuation allowance	675.50%	(3.40%)
Other	25.70%	12.20%
Income tax	(58.40%)	(7.50%)

Income Taxes (Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Accruals not currently deductible	$ 3,165	$ 6,902
Depreciation and amortization	9,593	10,787
Tax loss carryforward	3,775	2,329
Other	1,799	2,456
Total deferred tax assets, gross	18,332	22,474
Valuation allowance for deferred tax assets	(18,288)	(22,198)
Total deferred tax assets	44	276
Deferred tax liabilities:
Foreign currency translation	(148)	(120)
Other	(49)	(34)
Total deferred tax liabilities	(197)	(154)
Net deferred tax liabilities	(153)
Net deferred tax assets		122
Deferred income tax assets—noncurrent	46	236
Deferred income tax liabilities—noncurrent	$ (199)	$ (114)

Loss Per Share (Reconciliation of Numerator and Denominator for Calculating Earnings (Loss) Per Common Share from Net Income (Loss)) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Numerator
Net loss	$ (952)	$ (3,779)
Less: income attributable to non-controlling interest	150	955
Net loss attributable to NCS Multistage Holdings, Inc.	$ (1,102)	$ (4,734)
Denominator
Basic weighted average number of shares (in shares)	2,432	2,396
Dilutive effect of other equity awards
Diluted weighted average number of shares (in shares)	2,432	2,396
Loss per common share
Basic (in dollars per share)	$ (0.45)	$ (1.98)
Diluted (in dollars per share)	$ (0.45)	$ (1.98)
Potentially dilutive securities excluded as anti-dilutive	194	239

Segment and Geographic Information (Narrative) (Details)	12 Months Ended
	Dec. 31, 2022 segment
Segment and Geographic Information [Abstract]
Number of reportable segments	1

Segment and Geographic Information (Summary of Revenue and Long-Lived Assets by Geographical Area) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	$ 155,632	$ 118,502
Long-lived assets	27,831	29,517
Product sales [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	105,859	83,223
Services [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	49,773	35,279
United States [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	46,237	35,155
Long-lived assets	16,861	17,835
United States [Member] \| Product sales [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	34,009	26,285
United States [Member] \| Services [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	12,228	8,870
Canada [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	100,871	73,083
Long-lived assets	9,265	9,604
Canada [Member] \| Product sales [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	71,176	53,401
Canada [Member] \| Services [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	29,695	19,682
Other Countries [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	8,524	10,264
Long-lived assets	1,705	2,078
Other Countries [Member] \| Product sales [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	674	3,537
Other Countries [Member] \| Services [Member]
Revenue and Long-Lived Assets by Country [Line Items]
Revenue	$ 7,850	$ 6,727

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 22: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details