XML 22 R10.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue Recognition
6 Months Ended
Jun. 30, 2020
Revenue Recognition [Abstract]  
Revenue Recognition Revenue Recognition
Revenue from Contracts with Customers
The following tables reflect the disaggregation of our revenues by major category for the three months ended June 30, 2020 and 2019, respectively:
Three Months Ended
June 30, 2020
Offshore Pipeline TransportationSodium Minerals & Sulfur ServicesMarine TransportationOnshore Facilities and TransportationConsolidated
Fee-based revenues$64,964  $—  $56,720  $21,845  $143,529  
Product Sales—  172,410  —  52,314  224,724  
Refinery Services—  20,214  —  —  20,214  
$64,964  $192,624  $56,720  $74,159  $388,467  
Three Months Ended
June 30, 2019
Offshore Pipeline TransportationSodium Minerals & Sulfur ServicesMarine TransportationOnshore Facilities and TransportationConsolidated
Fee-based revenues$78,427  $—  $58,706  $37,764  $174,897  
Product Sales—  252,089  —  185,282  437,371  
Refinery Services—  22,517  —  —  22,517  
$78,427  $274,606  $58,706  $223,046  $634,785  
        The following tables reflect the disaggregation of our revenues by major category for the six months ended June 30, 2020 and 2019, respectively:
Six Months Ended
June 30, 2020
Offshore Pipeline TransportationSodium Minerals & Sulfur ServicesMarine TransportationOnshore Facilities and TransportationConsolidated
Fee-based revenues$143,393  $—  $119,066  $62,835  $325,294  
Product Sales—  387,776  —  167,082  554,858  
Refinery Services—  48,238  —  —  48,238  
$143,393  $436,014  $119,066  $229,917  $928,390  
Six Months Ended
June 30, 2019
Offshore Pipeline TransportationSodium Minerals & Sulfur ServicesMarine TransportationOnshore Facilities & TransportationConsolidated
Fee-based revenues$156,744  $—  $115,356  $75,776  $347,876  
Product Sales—  509,932  —  356,826  866,758  
Refinery Services—  40,160  —  —  40,160  
$156,744  $550,092  $115,356  $432,602  $1,254,794  

        The Company recognizes revenue upon the satisfaction of its performance obligations under its contracts. The timing of revenue recognition varies for our different revenue streams. In general, the timing includes recognition of revenue over time as services are being performed as well as recognition of revenue at a point in time, for delivery of products.

Contract Assets and Liabilities
        The table below depicts our contract asset and liability balances at December 31, 2019 and June 30, 2020:
Contract AssetsContract Liabilities
CurrentNon-CurrentCurrentNon-Current
Balance at December 31, 2019$21,912  $54,232  $2,896  $23,170  
Balance at June 30, 202035,913  28,013  3,081  21,597  


Transaction Price Allocations to Remaining Performance Obligations
        We are required to disclose the amount of our transaction prices that are allocated to unsatisfied performance obligations as of June 30, 2020. We are exempted from disclosing performance obligations with a duration of one year or less, revenue recognized related to performance obligations where the consideration corresponds directly with the value provided to customers, and contracts with variable consideration that is allocated wholly to an unsatisfied performance obligation or promise to transfer a good or service that is part of a series in accordance with ASC 606.

        The majority of our contracts qualify for one of these expedients or exemptions. For the remaining contract types that involve revenue recognition over a long-term period with long-term fixed consideration (adjusted for indexing as required), we determined our allocations of transaction price that relate to unsatisfied performance obligations. For our tiered pricing offshore transportation contracts, we provide firm capacity for both fixed and variable consideration over a long term period. Therefore, we have allocated the remaining contract value to future periods.
        
        The following chart depicts how we expect to recognize revenues for future periods related to these contracts:
Offshore Pipeline TransportationOnshore Facilities and Transportation
Remainder of 2020$36,542  $31,735  
202160,357  22,271  
202270,546  4,703  
202359,698  —  
202453,778  —  
Thereafter156,136  —  
Total$437,057  $58,709