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v3.23.1

Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue from Contract with Customer Excludes Leasing | Revenues from contracts with customers (excludes leasing) consisted of the following:
|  | Three months ended |
|  | March 31, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |
Products: |  |  |  |  |  |
Subsea products |  | $ | 46,117 |  |  | $ | 46,304 |
Well construction |  |  | 13,129 |  |  |  | 9,338 |
Total products |  |  | 59,246 |  |  |  | 55,642 |
Services: |  |  |  |  |  |
Subsea services |  |  | 16,487 |  |  |  | 13,157 |
Well construction services |  |  | 4,794 |  |  |  | 4,342 |
Total services |  |  | 21,281 |  |  |  | 17,499 |
Schedule of Contract Asset and Liability | Balances related to contracts with customers consisted of the following: Contract Assets (amounts shown in thousands)
Contract Assets at December 31, 2022 |  | $ | 138,592 |
Additions |  |  | 180,755 |
Transfers to Trade Receivables, Net |  |  | (176,410 | )
Contract Assets at March 31, 2023 |  | $ | 142,937 |
Contract Liabilities (amounts shown in thousands)
Contract Liabilities at December 31, 2022 |  | $ | 6,824 |
Additions |  |  | 5,065 |
Revenue Recognized |  |  | (6,107 | )
Contract Liabilities at March 31, 2023 |  | $ | 5,782 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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