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Note 4 - Revenue Recognition
 9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

(4)

REVENUE RECOGNITION

 

See “Note (12) Segment and Geographic Distribution of Operations” for revenue by segment and in total for the worldwide fleet.

 

Contract Balances

 

At September 30, 2024, we had $1.6 million of deferred mobilization costs included within Prepaid expenses and other current assets and $1.1 million of deferred mobilization costs included in Other assets. At December 31, 2023, we had $5.4 million and $2.9 million of deferred mobilization costs included with Prepaid expenses and other current assets and Other assets.

 

At September 30, 2024, we had $3.5 million of deferred mobilization revenue included within Accrued expenses and $4.8 million of deferred mobilization revenue included in Other liabilities that will be recognized from 2024 through 2026. At December 31, 2023, we have $5.0 million and $1.8 million of deferred mobilization revenue included within Accrued expenses and Other liabilities.