XML 33 R24.htm IDEA: XBRL DOCUMENT
v3.19.2

Contract Assets and Contract Liabilities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Contract with Customer, Asset and Liability [Abstract] |
Schedule of Contract Assets and Contract Liabilities | Presented in the table below are the changes in contract assets during the three months ended March 31, 2019 (in millions):
| March 31, 2019
Contract Assets - Demobilization |
Beginning balance | $ | 5.5 |
Plus: contractual additions | 2.5 |
Ending balance | $ | 8.0 |
Presented in the table below are the changes in deferred contract costs during the three months ended March 31, 2019 (in millions):
| March 31, 2019
Deferred Contract Costs Asset |
Beginning balance | $ | 3.6 |
Less: amortization | 2.7 |
Ending balance | $ | 0.9 |
The following table sets forth deferred contract costs, demobilization contract assets and deferred revenue on the Condensed Consolidated Balance Sheets (in millions):
| Balance Sheet Classification |  | March 31, 2019 |  | December 31, 2018
Deferred Contract Costs and Demobilization Contract Assets |  |  |  |  |
Current | Prepaid expenses and other current assets |  | $ | 8.6 |  |  | $ | 8.7 |
Noncurrent | Other assets |  | 0.3 |  |  | 0.4 |
|  |  | $ | 8.9 |  |  | $ | 9.1 |
Deferred Revenue - Contract liabilities |  |  |  |  |
Current | Deferred revenue |  | $ | 11.3 |  |  | $ | 16.7 |
Noncurrent | Other liabilities |  | 17.7 |  |  | 19.1 |
|  |  | $ | 29.0 |  |  | $ | 35.8 |
Presented in the table below are the changes in deferred revenue during the three months ended March 31, 2019 (in millions):
| March 31, 2019
Deferred Revenue - Deferred mobilization and upgrade/modification revenue |
Beginning balance | $ | 35.8 |
Plus: contractual additions | 2.4 |
Less: amortization | 9.2 |
Ending balance (1) | $ | 29.0 |
(1) Includes $14.3 million of deferred revenue related to capital expenditures for the Bess Brants and Earnest Dees (both leased to ARO) to be received as reimbursement from ARO. A receivable of $14.3 million is included in Receivables - trade and other on the Condensed Consolidated Balance Sheet at March 31, 2019.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] | Estimated future amortization at March 31, 2019 of the Company's deferred revenue and deferred contract costs to be recognized over the expected recognition period is set forth in the following table (in millions):
|  | Remaining |  |  |  |  |  |  |  |
|  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Total
Amortization of deferred revenue |  | $ | 9.0 |  |  | $ | 9.6 |  |  | $ | 8.5 |  |  | $ | 1.9 |  |  | $ | 29.0 |
Amortization of deferred contract costs |  | 0.5 |  |  | 0.2 |  |  | 0.2 |  |  | — |  |  | 0.9 |

X
- References No definition available. + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration