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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

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- References

No definition available.

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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

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- 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

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