0001437749-24-014375 | 10-Q | XBRL Viewer | NCS Multistage Holdings INC

Property, Plant and Equipment Disclosure [Text Block]

Note 6. Property and Equipment

Property and equipment by major asset class consist of the following as of March 31, 2024 and December 31, 2023 (in thousands):

	*March 31,*			*December 31,*
	*2024*			*2023*
Land	$	1,597		$	1,630
Building and improvements		7,519			7,742
Machinery and equipment		19,693			19,378
Computers and software		2,599			2,408
Furniture and fixtures		710			722
Vehicles		264			265
Right of use assets - finance leases		12,689			12,709
Service equipment		57			57
		45,128			44,911
Less: Accumulated depreciation and amortization		(22,643	)		(21,912	)
		22,485			22,999
Construction in progress		658			337
Property and equipment, net	$	23,143		$	23,336

The following table presents the depreciation expense associated with the respective income statement line items for the three months ended March 31, 2024 and 2023 (in thousands):

	*Three Months Ended*
	*March 31,*
	*2024*		*2023*
Cost of sales
Cost of product sales	$	468	$	362
Cost of services		148		154
Selling, general and administrative expenses		457		427
Total depreciation	$	1,073	$	943

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 three months ended March 31, 2024 and 2023, respectively, and accordingly no impairment loss has been recorded.

Note 11 - Share-based Compensation	3 Months Ended
Mar. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note *11.* Share-Based Compensation During the three months ended March 31, 2024, we granted 24,366 equity-classified restricted stock units (“RSUs”) with a weighted average grant date fair value of $15.35 to the nonemployee members of the Board of Directors. The RSUs granted to the members of our Board of Directors generally vest on the one year anniversary of the grant date and either settle at vesting or, if the director has elected to defer the RSUs, within thirty days following the earlier of the termination of the director’s service for any reason or a change of control. During the three months ended March 31, 2024, we granted 202,225 equivalent stock units, or cash-settled, liability-classified RSUs (“ESUs”), with a weighted average grant date fair value of $15.35. When ESUs are granted to employees, they are valued at fair value, which we measure at the closing price of our common stock on the date of grant. Since ESUs will be 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 generally vest and settle over a period of 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 of Directors. In addition, during the three months ended March 31, 2024, we granted 56,157 performance stock unit awards (“PSUs”), which have a performance period from January 1, 2024 to December 31, 2026. The PSUs grant date fair value of $15.27 was measured using a Monte Carlo simulation. The number of PSUs ultimately issued under the program is dependent upon our total shareholder return relative to a performance peer group (“relative TSR”) over the three year performance period. Each PSU associated with the March 2024 award will settle for between zero and 1.25 shares of our common stock in the first quarter of 2027. The threshold performance level (25th percentile relative TSR) earns 50% of the target PSUs, the mid-point performance level (50th percentile relative TSR) earns 100% of the target PSUs and the maximum performance level (75th percentile relative TSR) or greater earns 125% of the target PSUs. Total share-based compensation expense for all awards was $0.9 million and $1.3 million for the three months ended March 31, 2024 and 2023, respectively.

Note 11 - Share-based Compensation

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Text Block]

Note 11. Share-Based Compensation

During the three months ended March 31, 2024, we granted 24,366 equity-classified restricted stock units (“RSUs”) with a weighted average grant date fair value of $15.35 to the nonemployee members of the Board of Directors. The RSUs granted to the members of our Board of Directors generally vest on the one year anniversary of the grant date and either settle at vesting or, if the director has elected to defer the RSUs, within thirty days following the earlier of the termination of the director’s service for any reason or a change of control.

During the three months ended March 31, 2024, we granted 202,225 equivalent stock units, or cash-settled, liability-classified RSUs (“ESUs”), with a weighted average grant date fair value of $15.35. When ESUs are granted to employees, they are valued at fair value, which we measure at the closing price of our common stock on the date of grant. Since ESUs will be 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 generally vest and settle over a period of 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 of Directors.

In addition, during the three months ended March 31, 2024, we granted 56,157 performance stock unit awards (“PSUs”), which have a performance period from January 1, 2024 to December 31, 2026. The PSUs grant date fair value of $15.27 was measured using a Monte Carlo simulation. The number of PSUs ultimately issued under the program is dependent upon our total shareholder return relative to a performance peer group (“relative TSR”) over the three year performance period. Each PSU associated with the March 2024 award will settle for between zero and 1.25 shares of our common stock in the first quarter of 2027. The threshold performance level (25th percentile relative TSR) earns 50% of the target PSUs, the mid-point performance level (50th percentile relative TSR) earns 100% of the target PSUs and the maximum performance level (75th percentile relative TSR) or greater earns 125% of the target PSUs.

Total share-based compensation expense for all awards was $0.9 million and $1.3 million for the three months ended March 31, 2024 and 2023, respectively.

Note 13 - Earnings (Loss) Per Common Share - Calculation of Earnings (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income (loss)	$ 2,553	$ (14,996)
Net income (loss) attributable to non-controlling interest	483	(27)
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$ 2,070	$ (14,969)
Basic (in shares)	2,508	2,452
Dilutive effect of stock options, RSUs and PSUs (in shares)	31	0
Diluted weighted average number of shares (in shares)	2,539	2,452
Basic earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 0.83	$ (6.1)
Diluted earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 0.82	$ (6.1)
Potentially dilutive securities excluded as anti-dilutive (in shares)	74	154

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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

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Amount of Net Income (Loss) attributable to noncontrolling interest.

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

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Note 6 - Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Table Text Block]

	*March 31,*			*December 31,*
	*2024*			*2023*
Land	$	1,597		$	1,630
Building and improvements		7,519			7,742
Machinery and equipment		19,693			19,378
Computers and software		2,599			2,408
Furniture and fixtures		710			722
Vehicles		264			265
Right of use assets - finance leases		12,689			12,709
Service equipment		57			57
		45,128			44,911
Less: Accumulated depreciation and amortization		(22,643	)		(21,912	)
		22,485			22,999
Construction in progress		658			337
Property and equipment, net	$	23,143		$	23,336

Schedule of Depreciation [Table Text Block]

	*Three Months Ended*
	*March 31,*
	*2024*		*2023*
Cost of sales
Cost of product sales	$	468	$	362
Cost of services		148		154
Selling, general and administrative expenses		457		427
Total depreciation	$	1,073	$	943

Note 2 - Segment and Geographic Information (Details Textual)	3 Months Ended
	Mar. 31, 2024
Number of Reportable Segments	1

Note 13- Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	*Three Months Ended*
	*March 31,*
	*2024*		*2023*
Numerator
Net income (loss)	$	2,553	$	(14,996	)
Less: income (loss) attributable to non-controlling interest		483		(27	)
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$	2,070	$	(14,969	)

Denominator
Basic weighted average number of shares		2,508		2,452
Dilutive effect of stock options, RSUs and PSUs		31		—
Diluted weighted average number of shares		2,539		2,452

Earnings (loss) per common share
Basic	$	0.83	$	(6.10	)
Diluted	$	0.82	$	(6.10	)

Potentially dilutive securities excluded as anti-dilutive		74		154

Note 5 - Other Current Receivables - Schedule of Other Current Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current income tax receivables	$ 1,016	$ 1,418
Employee receivables	201	249
Other receivables	2,848	2,375
Total other current receivables	$ 4,065	$ 4,042

Note 10 - Commitment and Contingencies

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Text Block]

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.

Texas Matter

NCS was a defendant in a lawsuit in the District Court of Winkler County, Texas (the “Texas Matter”) that was settled in December 2023, where the insurance carrier agreed to pay the mutually-agreed settlement amounts to the plaintiff in settlement of all liabilities, resulting in no cash payments by NCS. The lawsuit was filed in September 2019 by plaintiffs Boyd & McWilliams Energy Group, Inc. et. al. claiming damage to their wells in 2018 resulting from an alleged product defect related to components provided by a third-party supplier. In May 2023, we believed the jury awarded damages of $17.5 million against us to the plaintiff, which we expensed as a separate line within the other income (expense) section of the accompanying condensed consolidated statement of operations for the three months ended March 31, 2023. Subsequently, a judgment was rendered, above our initial expectations from the jury verdict, awarding the plaintiff total damages of $42.5 million. During 2023, we accrued $40.8 million which included this judgment amount and estimated court costs, less $2.0 million previously paid to the plaintiff by our insurance carrier. During the fourth quarter of 2023, in connection with entering into a settlement agreement, we reversed the accrual for this legal contingency of $40.8 million. As of December 31, 2023, because we had entered into a settlement agreement where the insurance carrier agreed to pay all amounts due to the plaintiff in early 2024, we recorded an insurance receivable for expected but unpaid insurance recoveries and a remaining provision for legal contingencies of $15.0 million. The settlement was fully paid by the insurance carrier in January 2024.

Canada Patent Matters

● On July 24, 2018, we filed a patent infringement lawsuit seeking unspecified damages against Kobold Corporation, Kobold Completions Inc. and 2039974 Alberta Ltd. (“Kobold”) in the Federal Court of Canada (“Canada Court”), alleging that Kobold’s fracturing tools and methods infringe on several of our Canadian patents. On July 12, 2019, Kobold filed a counterclaim seeking unspecified damages alleging that our fracturing tools and methods infringe on their patent. The patent infringement litigation against Kobold and their counterclaim was heard in early 2022.

On October 10, 2023, the judge rendered a decision against us holding that our asserted patents are invalid and that we are infringing the Kobold asserted patent. The Canada Court ordered us to pay Kobold approximately $1.8 million ($2.5 million in Canadian dollars) in costs and disbursements, including taxes payable thereon, and granted an injunction prohibiting us from any further infringement of the specified patent. We paid this amount to Kobold in November 2023.

We believe that applicable law supports strong grounds to appeal the decision by the Canada Court as well as to reduce the costs award significantly. We have appealed the judgment and believe we have strong arguments that may lead to a reversal of substantial portions of the decision, although a loss may be reasonably possible. We expect the appeal to be heard by late 2024, and a decision granted by mid-2025. If we do not prevail in the appeal phase, the damages portion would then be decided by the Canada Court and we do not know what damages, if any, will be awarded to Kobold. We would expect any damages awarded to be more modest because of the relative ease and minimal cost in implementing changes to our product to comply with the injunction, with such changes resulting in no significant commercial impact to date.

● On April 6, 2020, Kobold filed a separate patent infringement lawsuit seeking unspecified damages against us in the Canada Court, alleging that our fracturing tools infringe on their Canadian patents. In the summary judgment phase, we have successfully dismissed some of the asserted products. However, we were not able to dismiss all of the claims because there remained factual determinations that were not possible in a summary judgment proceeding for our other products. We believe we have strong arguments of invalidity and non-infringement in this matter. This patent infringement litigation has not yet been assigned a trial date.

Other Patent 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. The Waco District Court has entered the final judgment in that case, and we are seeking an award of ongoing royalties for TCO AS’s continued post-judgment infringement, supplemental damages, interest, and cost which should be heard by the Waco District Court in May 2024. Both cases remain subject to appeal. Therefore, we have not recorded any potential gain contingencies associated with these matters in the accompanying condensed 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. Our legal contingencies may increase or decrease, on a matter-by-matter basis, to account for future developments. Although the outcome of any legal proceeding cannot be predicted with any certainty, 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 each matter.

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Revenue	$ 43,858	$ 43,554
Cost of sales
Cost of sales, exclusive of depreciationand amortization expense shown below	26,287	25,013
Selling, general and administrative expenses	13,830	16,151
Depreciation	1,073	943
Amortization	167	167
Income from operations	2,501	1,280
Other income (expense)
Interest expense, net	(100)	(209)
Provision for litigation, net of recoveries	0	(17,514)
Other income, net	1,137	292
Foreign currency exchange (loss) gain	(498)	55
Total other income (expense)	539	(17,376)
Income (loss) before income tax	3,040	(16,096)
Income tax expense (benefit)	487	(1,100)
Net income (loss)	2,553	(14,996)
Net income (loss) attributable to non-controlling interest	483	(27)
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$ 2,070	$ (14,969)
Earnings (loss) per common share
Basic earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 0.83	$ (6.1)
Diluted earnings (loss) per common share attributable to NCS Multistage Holdings, Inc. (in dollars per share)	$ 0.82	$ (6.1)
Weighted average common shares outstanding
Basic (in shares)	2,508	2,452
Diluted (in shares)	2,539	2,452
Product [Member]
Revenues
Revenue	$ 31,758	$ 31,430
Cost of sales
Cost of sales, exclusive of depreciationand amortization expense shown below	19,692	18,833
Service [Member]
Revenues
Revenue	12,100	12,124
Cost of sales
Cost of sales, exclusive of depreciationand amortization expense shown below	$ 6,595	$ 6,180

Note 6 - Property and Equipment (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Tangible Asset Impairment Charges	$ 0	$ 0

Note 11 - Share-based Compensation (Details Textual) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares	Mar. 31, 2023 USD ($)
Share-Based Payment Arrangement, Expense \| $	$ 0.9	$ 1.3
Restricted Stock Units (RSUs) [Member] \| Share-Based Payment Arrangement, Nonemployee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	24,366
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares	$ 15.35
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	1 year
Equivalent Stock Units (ESUs) [Member] \| Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	202,225
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares	$ 15.35
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Performance Stock Units (PSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	56,157
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares	$ 15.27
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Start Earning	25
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Earning 100 Percent	50
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentile Relative TSR, Earning 125 Percent	75
Performance Stock Units (PSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member] \| Minimum [Member]
Share-based Compensation Award by Share-based Payment Arrangement, Number of Shares Upon Settlement (in shares)	0
Performance Stock Units (PSUs) [Member] \| Share-Based Payment Arrangement, Employee [Member] \| Maximum [Member]
Share-based Compensation Award by Share-based Payment Arrangement, Number of Shares Upon Settlement (in shares)	1.25

Note 7 - Goodwill and Identifiable Intangibles

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Text Block]

Note 7. Goodwill and Identifiable Intangibles

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

	*March 31,*			*December 31,*
	*2024*			*2023*
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. As of March 31, 2024 and 2023, we did not identify any triggering events for Repeat Precision, our only reportable unit with goodwill, that would indicate potential impairment. Therefore, no goodwill impairment has been recorded for the three months ended March 31, 2024 and 2023, respectively.

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

		*March 31, 2024*
	*Estimated*	*Gross*
	*Useful*	*Carrying*		*Accumulated*			*Net*
	*Lives (Years)*	*Amount*		*Amortization*			*Balance*
Technology	1 - 20	$	3,958	$	(928	)	$	3,030
Customer relationships	10		4,100		(2,938	)		1,162
Total amortizable intangible assets			8,058		(3,866	)		4,192
Technology - not subject to amortization	Indefinite		48		—			48
Total identifiable intangibles		$	8,106	$	(3,866	)	$	4,240

		*December 31, 2023*
	*Estimated*	*Gross*
	*Useful*	*Carrying*		*Accumulated*			*Net*
	*Lives (Years)*	*Amount*		*Amortization*			*Balance*
Technology	1 - 20	$	3,958	$	(863	)	$	3,095
Customer relationships	10		4,100		(2,836	)		1,264
Total amortizable intangible assets			8,058		(3,699	)		4,359
Technology - not subject to amortization	Indefinite		48		—			48
Total identifiable intangibles		$	8,106	$	(3,699	)	$	4,407

Total amortization expense, which is associated with selling, general and administrative expenses on the condensed consolidated statements of operations, was $0.2 million for each of the three months ended March 31, 2024 and 2023, respectively.

Identifiable intangibles are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. As of March 31, 2024, we evaluated potential triggering events and determined that there were no triggering events which indicated potential impairment of our intangibles, which are substantially related to our Repeat Precision asset group. Therefore, we did not record any impairment charges related to our identifiable intangibles for the three months ended March 31, 2024 and 2023.

Note 3 - Revenues - Contract Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Beginning balance	$ 460
Additions	88
Revenue recognized	(326)	$ 0
Ending balance	$ 222

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Noncontrolling Interest [Member]	Total
Balances (in shares) at Dec. 31, 2022	0	2,434,809				(26,335)
Balances at Dec. 31, 2022	$ 0	$ 24	$ 440,475	$ (85,617)	$ (262,464)	$ (1,389)	$ 18,233	$ 109,262
Share-based compensation	0	0	913	0	0	0	0	913
Net income (loss)	$ 0	$ 0	0	0	(14,969)	$ 0	(27)	(14,996)
Vesting of restricted stock (in shares)	0	41,489				0
Vesting of restricted stock	$ 0	$ 1	(1)	0	0	$ 0	0	0
Shares withheld (in shares)	0	0				(11,086)
Shares withheld	$ 0	$ 0	0	0	0	$ (264)	0	(264)
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	(99)	0	$ 0	0	(99)
Balances (in shares) at Mar. 31, 2023	0	2,476,298				(37,421)
Balances at Mar. 31, 2023	$ 0	$ 25	441,387	(85,716)	(277,433)	$ (1,653)	18,206	94,816
Balances (in shares) at Dec. 31, 2023	0	2,482,796				(39,052)
Balances at Dec. 31, 2023	$ 0	$ 25	444,638	(85,752)	(265,617)	$ (1,676)	17,775	109,393
Share-based compensation	0	0	766	0	0	0	0	766
Net income (loss)	0	0	0	0	2,070	0	483	2,553
Distribution to noncontrolling interest	$ 0	$ 0	0	0	0	$ 0	(500)	(500)
Vesting of restricted stock (in shares)	0	57,830				0
Vesting of restricted stock	$ 0	$ 0	0	0	0	$ 0	0	0
Shares withheld (in shares)	0	0				(15,866)
Shares withheld	$ 0	$ 0	0	0	0	$ (237)	0	(237)
Foreign currency translation adjustments, net of tax of $0	$ 0	$ 0	0	(496)	0	$ 0	0	(496)
Balances (in shares) at Mar. 31, 2024	0	2,540,626				(54,918)
Balances at Mar. 31, 2024	$ 0	$ 25	$ 445,404	$ (86,248)	$ (263,547)	$ (1,913)	$ 17,758	$ 111,479

Note 8 - Accrued Expenses (Details Textual) - Severance and Moving Costs [Member] - Efforts to Streamline Tracer Diagnostics Operations [Member] - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Restructuring Charges		$ 1.9
Payments for Restructuring	$ 0.2	$ 1.1
Restructuring Reserve	$ 0.2

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	Item 5. Other Information During the quarter ended March 31, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Note 8 - Accrued Expenses (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Accrued Liabilities [Table Text Block]

	*March 31,*		*December 31,*
	*2024*		*2023*
Accrued payroll and bonus	$	2,786	$	2,255
Property and franchise taxes accrual		331		251
Severance and other termination benefits		170		436
Accrued other miscellaneous liabilities		527		760
Total accrued expenses	$	3,814	$	3,702

Note 12 - Income Taxes

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Text Block]

Note 12. Income Taxes

The computation of the annual estimated effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income (or loss) for the year, projections of the proportion of income (or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences and the likelihood of recovering deferred tax assets generated in the current year. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired or additional information is obtained. The computation of the annual estimated effective tax rate includes applicable modifications, which were projected for the year, such as certain book expenses not deductible for tax, tax credits and foreign deemed dividends.

Our effective tax rate (“ETR”) from continuing operations was 16.0% and 6.8% for the three months ended March 31, 2024 and 2023, respectively. The income tax expense and benefit for the three months ended March 31, 2024 and 2023, respectively, primarily relates to results generated by our U.S. and certain foreign businesses. The income tax provision for both the three months ended March 31, 2024 and 2023 does not include effects of losses within the United States, Canada, or other jurisdictions, from which we cannot currently benefit. In addition, for both the three months ended March 31, 2024 and 2023 the income tax provision includes effects of changes in valuation allowances established against our previously recognized deferred tax assets, including against net operating loss carryforwards, in the United States, Canada, or other jurisdictions. For both the three months ended March 31, 2024 and 2023, due to the impact of the valuation allowances on tax expense, significant variations exist in the customary relationship between income tax expense and pretax accounting income.

The entire disclosure for income tax.

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-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
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-Section S99
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Note 1 - Basis of Presentation

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1. Basis of Presentation

Nature of Business

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; Calgary, Red Deer, Grande Prairie and Estevan, Canada; Neuquén, Argentina and Stavanger, Norway.

Basis of Presentation

Our accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities Exchange Act of 1934, as amended, issued by the Securities Exchange Commission (“SEC”) and have not been audited by our independent registered public accounting firm. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with our financial statements and related notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023 (“Annual Report”). We consolidate Repeat Precision, LLC and its subsidiary (“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. In the opinion of management, these condensed consolidated financial statements reflect all normal, recurring adjustments necessary for a fair statement of the interim periods presented. The results of operations for interim periods are not necessarily indicative of those for a full year. All intercompany accounts and transactions have been eliminated for purposes of preparing these condensed consolidated financial statements. In addition, certain reclassifications of prior period balances have been made to conform to the current period presentation. The reclassifications had no effect on the previously reported net loss.

Significant Accounting Policies

Our significant accounting policies are described in “Note 2. Summary of Significant Accounting Policies” in our Annual Report.

Recent Accounting Pronouncements

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU improves income tax disclosures including a requirement for specific categories in the effective tax rate reconciliation, additional information for reconciling items that meet a quantitative threshold, certain disclosures pertaining to income taxes paid (net of refunds received) and amendments to other disclosure requirements. The new standard is effective for fiscal years beginning after December 15, 2024 and should be applied prospectively although retrospective application is permitted. Early adoption is also permitted for financial statements that have not yet been issued. We are currently evaluating the impact of the adoption of this guidance.

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosure requirements on an annual and interim basis and includes requirements for entities with a single reportable segment. The improvements include disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), the title and position of the CODM and explanation of how the CODM uses the reported measure of segment profit or loss in assessing performance and allocating resources along with other disclosure requirements. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied retrospectively. Early adoption is permitted. We are currently evaluating the impact of the adoption of this guidance.

Note 8 - Accrued Expenses

3 Months Ended

Mar. 31, 2024

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

Note 8. Accrued Expenses

Accrued expenses consist of the following as of March 31, 2024 and December 31, 2023 (in thousands):

	*March 31,*		*December 31,*
	*2024*		*2023*
Accrued payroll and bonus	$	2,786	$	2,255
Property and franchise taxes accrual		331		251
Severance and other termination benefits		170		436
Accrued other miscellaneous liabilities		527		760
Total accrued expenses	$	3,814	$	3,702

As previously disclosed in our Annual Report, we implemented certain restructuring efforts during 2023 to streamline our tracer diagnostics operations, consolidate facilities in the United States and Mexico, for Repeat Precision, and to eliminate redundancies in the structure of certain U.S. and international operations management and support functions. In addition, in July 2023, an executive officer and NCS agreed that he would leave his position. In connection with these restructuring efforts, we incurred severance and other charges of $1.9 million in 2023. Of this amount, we paid $1.1 million in 2023 and $0.2 million for the three months ended March 31, 2024, with a remaining severance and other termination benefits accrual of $0.2 million as of March 31, 2024. We expect this severance and other termination benefits liability to be fully paid by July 2024.

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation Our accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities Exchange Act of 1934, as amended, issued by the Securities Exchange Commission (“SEC”) and have not been audited by our independent registered public accounting firm. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with our financial statements and related notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023 (“Annual Report”). We consolidate Repeat Precision, LLC and its subsidiary (“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. In the opinion of management, these condensed consolidated financial statements reflect all normal, recurring adjustments necessary for a fair statement of the interim periods presented. The results of operations for interim periods are not necessarily indicative of those for a full year. All intercompany accounts and transactions have been eliminated for purposes of preparing these condensed consolidated financial statements. In addition, certain reclassifications of prior period balances have been made to conform to the current period presentation. The reclassifications had no effect on the previously reported net loss.
New Accounting Pronouncements, Policy [Policy Text Block]	Significant Accounting Policies Our significant accounting policies are described in “Note 2. Summary of Significant Accounting Policies” in our Annual Report. Recent Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU improves income tax disclosures including a requirement for specific categories in the effective tax rate reconciliation, additional information for reconciling items that meet a quantitative threshold, certain disclosures pertaining to income taxes paid (net of refunds received) and amendments to other disclosure requirements. The new standard is effective for fiscal years beginning after December 15, 2024 and should be applied prospectively although retrospective application is permitted. Early adoption is also permitted for financial statements that have not yet been issued. We are currently evaluating the impact of the adoption of this guidance. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosure requirements on an annual and interim basis and includes requirements for entities with a single reportable segment. The improvements include disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), the title and position of the CODM and explanation of how the CODM uses the reported measure of segment profit or loss in assessing performance and allocating resources along with other disclosure requirements. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied retrospectively. Early adoption is permitted. We are currently evaluating the impact of the adoption of this guidance.

Note 4 - Inventories, Net

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Text Block]

Note 4. Inventories, net

Inventories consist of the following as of March 31, 2024 and December 31, 2023 (in thousands):

	*March 31,*		*December 31,*
	*2024*		*2023*
Raw materials	$	2,252	$	2,395
Work in process		361		559
Finished goods		36,624		38,658
Total inventories, net	$	39,237	$	41,612

Note 7 - Goodwill and Identifiable Intangibles (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill, Impairment Loss	$ 0	$ 0
Amortization of Intangible Assets	200	200
Impairment of Intangible Assets, Finite-Lived	$ 0	$ 0

Note 4 - Inventories, Net - Schedule of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Raw materials	$ 2,252	$ 2,395
Work in process	361	559
Finished goods	36,624	38,658
Total inventories, net	$ 39,237	$ 41,612

Note 7 - Goodwill and Identifiable Intangibles - Identifiable Intangibles By Major Asset Class (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortizable intangible assets, gross	$ 8,058	$ 8,058
Amortizable intangible assets, accumulated amortization	(3,866)	(3,699)
Amortizable intangible assets, net	4,192	4,359
Total identifiable intangibles, gross	8,106	8,106
Total identifiable intangibles, net	4,240	4,407
Technology, Not Subject To Amortization [Member]
Technology - not subject to amortization	48	48
Technology-Based Intangible Assets [Member]
Amortizable intangible assets, gross	3,958	3,958
Amortizable intangible assets, accumulated amortization	(928)	(863)
Amortizable intangible assets, net	$ 3,030	$ 3,095
Technology-Based Intangible Assets [Member] \| Minimum [Member]
Estimated useful lives (Year)	1 year	1 year
Technology-Based Intangible Assets [Member] \| Maximum [Member]
Estimated useful lives (Year)	20 years	20 years
Customer Relationships [Member]
Estimated useful lives (Year)	10 years	10 years
Amortizable intangible assets, gross	$ 4,100	$ 4,100
Amortizable intangible assets, accumulated amortization	(2,938)	(2,836)
Amortizable intangible assets, net	$ 1,162	$ 1,264

Note 7 - Goodwill and Identifiable Intangibles (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Goodwill [Table Text Block]

	*March 31,*			*December 31,*
	*2024*			*2023*
Gross value	$	177,162		$	177,162
Accumulated impairment		(161,940	)		(161,940	)
Net	$	15,222		$	15,222

Schedule of Intangible Assets and Goodwill [Table Text Block]

		*March 31, 2024*
	*Estimated*	*Gross*
	*Useful*	*Carrying*		*Accumulated*			*Net*
	*Lives (Years)*	*Amount*		*Amortization*			*Balance*
Technology	1 - 20	$	3,958	$	(928	)	$	3,030
Customer relationships	10		4,100		(2,938	)		1,162
Total amortizable intangible assets			8,058		(3,866	)		4,192
Technology - not subject to amortization	Indefinite		48		—			48
Total identifiable intangibles		$	8,106	$	(3,866	)	$	4,240

		*December 31, 2023*
	*Estimated*	*Gross*
	*Useful*	*Carrying*		*Accumulated*			*Net*
	*Lives (Years)*	*Amount*		*Amortization*			*Balance*
Technology	1 - 20	$	3,958	$	(863	)	$	3,095
Customer relationships	10		4,100		(2,836	)		1,264
Total amortizable intangible assets			8,058		(3,699	)		4,359
Technology - not subject to amortization	Indefinite		48		—			48
Total identifiable intangibles		$	8,106	$	(3,699	)	$	4,407

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

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Note 2 - Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2024

Disaggregation of Revenue [Table Text Block]

	*Three Months Ended*
	*March 31,*
	*2024*		*2023*
United States
Product sales	$	7,767	$	8,060
Services		2,244		3,259
Total United States		10,011		11,319
Canada
Product sales		22,675		22,561
Services		8,994		8,110
Total Canada		31,669		30,671
Other Countries
Product sales		1,316		809
Services		862		755
Total other countries		2,178		1,564
Total
Product sales		31,758		31,430
Services		12,100		12,124
Total revenues	$	43,858	$	43,554

Note 13- Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Text Block]

Note 13. Earnings (Loss) Per Common Share

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

	*Three Months Ended*
	*March 31,*
	*2024*		*2023*
Numerator
Net income (loss)	$	2,553	$	(14,996	)
Less: income (loss) attributable to non-controlling interest		483		(27	)
Net income (loss) attributable to NCS Multistage Holdings, Inc.	$	2,070	$	(14,969	)

Denominator
Basic weighted average number of shares		2,508		2,452
Dilutive effect of stock options, RSUs and PSUs		31		—
Diluted weighted average number of shares		2,539		2,452

Earnings (loss) per common share
Basic	$	0.83	$	(6.10	)
Diluted	$	0.82	$	(6.10	)

Potentially dilutive securities excluded as anti-dilutive		74		154

Note 5 - Other Current Receivables

3 Months Ended

Mar. 31, 2024

Other Current Receivables [Text Block]

Note 5. Other Current Receivables

Other current receivables consist of the following as of March 31, 2024 and December 31, 2023 (in thousands):

	*March 31,*		*December 31,*
	*2024*		*2023*
Current income tax receivables	$	1,016	$	1,418
Employee receivables		201		249
Other receivables		2,848		2,375
Total other current receivables	$	4,065	$	4,042

Employee receivables primarily consist of 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 their home-country tax returns. As of March 31, 2024 and December 31, 2023, a primary component of the other receivables balance is $1.2 million related to a company-owned life insurance policy associated with a non-qualified deferred compensation plan which was terminated in late 2023. We expect to utilize the proceeds from the liquidation of the insurance policy to fund the disbursements to settle liabilities under the terminated plan by the end of 2024. The associated liability of $1.2 million is included in other current liabilities on the accompanying condensed consolidated balance sheets as of March 31, 2024 and December 31, 2023. In addition, the other receivables balances includes amounts associated with a technical services and assistance agreement with our partner in Oman, of which $0.9 million as of March 31, 2024 and December 31, 2023 pertains to the year ended December 31, 2023, and an additional $0.3 million as of March 31, 2024, pertains to the three month period then ended.

Note 6 - Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Right of use assets - finance leases	$ 12,689,000	$ 12,709,000
Property and equipment, net	23,143,000	23,336,000
Construction in progress	658,000	337,000
Land [Member]
Property and equipment, gross	1,597,000	1,630,000
Building and Building Improvements [Member]
Property and equipment, gross	7,519,000	7,742,000
Machinery and Equipment [Member]
Property and equipment, gross	19,693,000	19,378,000
Computer Equipment [Member]
Property and equipment, gross	2,599,000	2,408,000
Furniture and Fixtures [Member]
Property and equipment, gross	710,000	722,000
Vehicles [Member]
Property and equipment, gross	264,000	265,000
Service Equipment [Member]
Property and equipment, gross	57,000	57,000
Property and Equipment, Excluding Construction in Progress [Member]
Property and equipment, gross	45,128	44,911
Less: Accumulated depreciation and amortization	(22,643,000)	(21,912,000)
Property and equipment, net	$ 22,485	$ 22,999

Note 1 - Basis of Presentation (Details Textual)	Mar. 31, 2024
Repeat Precision, LLC [Member]
Subsidiary, Ownership Percentage, Parent	50.00%

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net income (loss)	$ 2,553	$ (14,996)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	1,240	1,110
Amortization of deferred loan costs	51	51
Share-based compensation	902	1,265
Provision for inventory obsolescence	316	104
Deferred income tax expense	5	23
Gain on sale of property and equipment	(172)	(83)
Provision for litigation, net of recoveries	(0)	17,514
Net foreign currency unrealized loss (gain)	373	(205)
Proceeds from note receivable	61	229
Changes in operating assets and liabilities:
Accounts receivable—trade	(10,282)	(1,917)
Inventories, net	1,521	(3,786)
Prepaid expenses and other assets	29	933
Accounts payable—trade	2,355	831
Accrued expenses	130	274
Other liabilities	(1,339)	(1,719)
Income taxes receivable/payable	377	(1,179)
Net cash used in operating activities	(1,880)	(1,551)
Cash flows from investing activities
Purchases of property and equipment	(299)	(503)
Purchase and development of software and technology	(13)	(61)
Proceeds from sales of property and equipment	176	84
Net cash used in investing activities	(136)	(480)
Cash flows from financing activities
Payments on finance leases	(449)	(387)
Line of credit borrowings	1,158	3,581
Payments of line of credit borrowings	(602)	(3,349)
Treasury shares withheld	(237)	(264)
Distribution to noncontrolling interest	(500)	0
Net cash used in financing activities	(630)	(419)
Effect of exchange rate changes on cash and cash equivalents	(70)	(151)
Net change in cash and cash equivalents	(2,716)	(2,601)
Cash and cash equivalents beginning of period	16,720	16,234
Cash and cash equivalents end of period	14,004	13,633
Noncash investing and financing activities
Assets obtained in exchange for new finance lease liabilities	696	629
Assets obtained in exchange for new operating lease liabilities	$ 0	$ 38

Note 3 - Revenues

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Text Block]

Note 3. Revenues

Disaggregation of Revenue

We sell our products and services primarily in North America and in selected international markets. See above "Note 2. 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 condensed consolidated balance sheet.

The following table presents the current contract liabilities as of March 31, 2024 and December 31, 2023 (in thousands):

Balance at December 31, 2023	$	460
Additions		88
Revenue recognized		(326	)
Balance at March 31, 2024	$	222

We currently do not have any contract assets or non-current contract liabilities. Our contract liability as of March 31, 2024 and December 31, 2023 is included in other current liabilities on the condensed consolidated balance sheets. Our performance obligations for our product and services revenues are typically satisfied before the customer’s payment; however, prepayments may occasionally be required. Revenue recognized from the contract liability balance was $0.3 million for the three months ended March 31, 2024. There was no revenue recognized from the contract liability balance for the three months ended March 31, 2023.

Practical Expedient

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.

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.

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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Foreign currency translation adjustments, tax	$ 0	$ 0

Note 4 - Inventories, Net (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Inventory, Current [Table Text Block]

	*March 31,*		*December 31,*
	*2024*		*2023*
Raw materials	$	2,252	$	2,395
Work in process		361		559
Finished goods		36,624		38,658
Total inventories, net	$	39,237	$	41,612

Note 5 - Other Current Receivables (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Other Current Receivables [Table Text Block]

	*March 31,*		*December 31,*
	*2024*		*2023*
Current income tax receivables	$	1,016	$	1,418
Employee receivables		201		249
Other receivables		2,848		2,375
Total other current receivables	$	4,065	$	4,042

Note 3 - Revenues (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Contract with Customer, Liability, Noncurrent	$ 0
Contract with Customer, Asset, after Allowance for Credit Loss	0
Contract with Customer, Liability, Revenue Recognized	$ 326	$ 0

Note 5 - Other Current Receivables (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Other Receivables, Net, Current	$ 4,065		$ 4,042
Other Nonoperating Income (Expense)	1,137	$ 292
Technical Services and Assistance Agreement [Member]
Other Receivables, Net, Current	900		900
Other Nonoperating Income (Expense)	300
Non-qualified Deferred Compensation Plan [Member]
Cash Surrender Value of Life Insurance	1,200		1,200
Deferred Compensation Liability, to be Liquidated in Short Term	$ 1,200		$ 1,200

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income (loss)	$ 2,553	$ (14,996)
Foreign currency translation adjustments, net of tax of $0	(496)	(99)
Comprehensive income (loss)	2,057	(15,095)
Less: Comprehensive income (loss) attributable to non-controlling interest	483	(27)
Comprehensive income (loss) attributable to NCS Multistage Holdings, Inc.	$ 1,574	$ (15,068)

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

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.

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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.

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

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Note 9 - Debt (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Debt [Table Text Block]

	*March 31,*			*December 31,*
	*2024*			*2023*
ABL Facility	$	—		$	—
Repeat Precision Promissory Note		556			—
Finance leases		8,328			8,156
Total debt		8,884			8,156
Less: current portion		(2,441	)		(1,812	)
Long-term debt	$	6,443		$	6,344

Note 9 - Debt

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Text Block]

Note 9. Debt

Our long-term debt consists of the following as of March 31, 2024 and December 31, 2023 (in thousands):

	*March 31,*			*December 31,*
	*2024*			*2023*
ABL Facility	$	—		$	—
Repeat Precision Promissory Note		556			—
Finance leases		8,328			8,156
Total debt		8,884			8,156
Less: current portion		(2,441	)		(1,812	)
Long-term debt	$	6,443		$	6,344

The estimated fair value of total debt as of March 31, 2024 and December 31, 2023 was $7.8 million and $7.1 million, respectively. 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.

ABL Facility

On May 3, 2022, we entered into a secured asset-based revolving credit facility (the “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 NCS Multistage Holdings, Inc. (“NCSH”), Pioneer Investment, Inc. (“Pioneer”), NCS Multistage, LLC, NCS Multistage Inc. (“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”). Concurrent with the entry into our Credit Agreement on May 3, 2022, our prior ABL facility was terminated. On April 16, 2024, we entered into the first amendment to the Credit Agreement to modify the benchmark that may be used for loans in Canadian dollars in connection with the cessation of the CDOR Rate and transition to the CORRA Rate.

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 available borrowing base under the ABL Facility as of March 31, 2024 was $20.4 million. The ABL Facility will mature on May 3, 2027. As of March 31, 2024 and December 31, 2023, 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 “Adjusted Term CORRA Rate” (each as defined in the amended and restated 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 Adjusted Term CORRA Rate, between 2.40% and 3.40%. We must also pay a commitment fee calculated at 0.25% to 0.50% per annum, based on unused commitments. The applicable interest rate at March 31, 2024 was 8.0%. We incurred interest expense related to the ABL Facility, including commitment fees, of less than $0.1 million for each of the three months ended March 31, 2024 and 2023, respectively.

The obligations of the borrowers under the ABL Facility are guaranteed by NCSH and each of our U.S. and Canadian 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 March 31, 2024, 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 for each of the three months ended March 31, 2024 and 2023, respectively, was included in interest expense, net.

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 has been renewed several times and is scheduled to mature on August 10, 2024. The note bears interest at a variable interest rate based on prime plus 1.00%. The applicable interest rate at March 31, 2024 was 9.5%. The Repeat Precision Promissory Note is collateralized by certain equipment, inventory and receivables of Repeat Precision. 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 March 31, 2024, Repeat Precision had $0.6 million of outstanding indebtedness under the promissory note. As of December 31, 2023, there was no outstanding indebtedness under the promissory note. Repeat Precision’s indebtedness is guaranteed by Repeat Precision 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, and certain operating equipment and software. 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.

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

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Note 6 - Property and Equipment - Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Selling, general and administrative expenses	$ 457	$ 427
Total depreciation	1,073	943
Product [Member]
Cost of sales	468	362
Service [Member]
Cost of sales	$ 148	$ 154

Note 2 - Segment and Geographic Information

3 Months Ended

Mar. 31, 2024

Segment Reporting Disclosure [Text Block]

Note 2. 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.

We aggregate revenue for presentation based on qualitative factors including the nature of the products and services, the nature and commonality of production processes, a shared customer base primarily in North America, the scope of geographic operations and a common industry and regulatory environment. However, we present revenue on a geographic basis, segregated between product sale and service revenues.

The following table summarizes revenue by geographic area attributed based on the current billing address of the customer (in thousands):

	*Three Months Ended*
	*March 31,*
	*2024*		*2023*
United States
Product sales	$	7,767	$	8,060
Services		2,244		3,259
Total United States		10,011		11,319
Canada
Product sales		22,675		22,561
Services		8,994		8,110
Total Canada		31,669		30,671
Other Countries
Product sales		1,316		809
Services		862		755
Total other countries		2,178		1,564
Total
Product sales		31,758		31,430
Services		12,100		12,124
Total revenues	$	43,858	$	43,554

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

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Note 3 - Revenues (Tables)

3 Months Ended

Mar. 31, 2024

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

Balance at December 31, 2023	$	460
Additions		88
Revenue recognized		(326	)
Balance at March 31, 2024	$	222

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2024	May 01, 2024
Document Information [Line Items]
Entity Central Index Key	0001692427
Entity Registrant Name	NCS Multistage Holdings, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-38071
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-1527455
Entity Address, Address Line One	19350 State Highway 249, 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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,502,564

Note 9 - Debt (Details Textual) $ in Thousands, $ in Millions			3 Months Ended
	May 03, 2022 USD ($)	Feb. 16, 2018 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	May 03, 2022 CAD ($)
Amortization of Debt Issuance Costs			$ 51	$ 51
Repeat Precision Promissory Note [Member]
Long-Term Debt			$ 556		$ 0
Security State Bank & Trust, Fredericksburg [Member] \| Repeat Precision Promissory Note [Member]
Debt Instrument, Interest Rate, Effective Percentage			9.50%
Debt Instrument, Face Amount		$ 4,300
Long-Term Debt			$ 600		0
Security State Bank & Trust, Fredericksburg [Member] \| Prime Rate [Member] \| Repeat Precision Promissory Note [Member]
Debt Instrument, Basis Spread on Variable Rate		1.00%
Revolving Credit Facility [Member]
Long-Term Line of Credit			0		0
Revolving Credit Facility [Member] \| JPMorgan Chase Bank, N.A. [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 35,000					$ 10
Long-Term Line of Credit			$ 0		0
Debt Instrument, Interest Rate, Effective Percentage			8.00%
Interest Expense, Debt			$ 100	100
Debt Instrument, Covenant, Maximum Available Cash After Borrowings	$ 10,000
Debt Instrument, Covenant, Maximum Quarterly Liquidity for Fixed Charge Coverage Ratio	20.00%					20.00%
Debt Instrument, Covenant, Minimum Fixed Charge Coverage Ratio	1					1
Debt Issuance Costs, Gross	$ 1,000
Amortization of Debt Issuance Costs			100	$ 100
Revolving Credit Facility [Member] \| JPMorgan Chase Bank, N.A. [Member] \| Minimum [Member]
Line of Credit Facility, Commitment Fee Percentage	0.25%
Revolving Credit Facility [Member] \| JPMorgan Chase Bank, N.A. [Member] \| Maximum [Member]
Line of Credit Facility, Commitment Fee Percentage	0.50%
Revolving Credit Facility [Member] \| JPMorgan Chase Bank, N.A. [Member] \| Alternate Base Rate (ABR) [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.40%
Revolving Credit Facility [Member] \| JPMorgan Chase Bank, N.A. [Member] \| Alternate Base Rate (ABR) [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.40%
Revolving Credit Facility [Member] \| JPMorgan Chase Bank, N.A. [Member] \| Adjusted Daily Simple SOFR, Adjusted Term SOFR Rate, Canadian Prime Rate, and CDOR Rate [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.40%
Revolving Credit Facility [Member] \| JPMorgan Chase Bank, N.A. [Member] \| Adjusted Daily Simple SOFR, Adjusted Term SOFR Rate, Canadian Prime Rate, and CDOR Rate [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	3.40%
Letter of Credit [Member] \| JPMorgan Chase Bank, N.A. [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 7,500
Line of Credit Facility, Remaining Borrowing Capacity			20,400
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure			$ 7,800		$ 7,100

Note 9 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Finance leases	$ 8,328	$ 8,156
Total debt	8,884	8,156
Less: current portion	(2,441)	(1,812)
Long-term debt	6,443	6,344
Repeat Precision Promissory Note [Member]
Repeat Precision Promissory Note	556	0
Revolving Credit Facility [Member]
ABL Facility	$ 0	$ 0

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

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

Note 12 - Income Taxes (Details Textual)	3 Months Ended
Note 12 - Income Taxes (Details Textual)	Mar. 31, 2024	Mar. 31, 2023
Effective Income Tax Rate Reconciliation, Percent	16.00%	6.80%

Note 8 - Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accrued payroll and bonus	$ 2,786	$ 2,255
Property and franchise taxes accrual	331	251
Severance and other termination benefits	170	436
Accrued other miscellaneous liabilities	527	760
Total accrued expenses	$ 3,814	$ 3,702

Note 7 - Goodwill and Identifiable Intangibles - Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Gross value	$ 177,162	$ 177,162
Accumulated impairment	(161,940)	(161,940)
Net	$ 15,222	$ 15,222

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
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Note 2 - Segment and Geographic Information - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue	$ 43,858	$ 43,554
Product [Member]
Revenue	31,758	31,430
Service [Member]
Revenue	12,100	12,124
UNITED STATES
Revenue	10,011	11,319
UNITED STATES \| Product [Member]
Revenue	7,767	8,060
UNITED STATES \| Service [Member]
Revenue	2,244	3,259
CANADA
Revenue	31,669	30,671
CANADA \| Product [Member]
Revenue	22,675	22,561
CANADA \| Service [Member]
Revenue	8,994	8,110
Other Countries [Member]
Revenue	2,178	1,564
Other Countries [Member] \| Product [Member]
Revenue	1,316	809
Other Countries [Member] \| Service [Member]
Revenue	$ 862	$ 755

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

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