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v3.23.2

Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 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 |  |  | Six months ended |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products: |  |  |  |  |  |  |  |  |  |  |  |
Subsea products |  | $ | 44,579 |  |  | $ | 49,466 |  |  | $ | 90,696 |  |  | $ | 95,749 |
Well construction |  |  | 11,249 |  |  |  | 12,513 |  |  |  | 24,378 |  |  |  | 21,872 |
Total products |  |  | 55,828 |  |  |  | 61,979 |  |  |  | 115,074 |  |  |  | 117,621 |
Services: |  |  |  |  |  |  |  |  |  |  |  |
Subsea services |  |  | 16,333 |  |  |  | 14,785 |  |  |  | 32,818 |  |  |  | 27,942 |
Well construction services |  |  | 7,400 |  |  |  | 4,811 |  |  |  | 12,196 |  |  |  | 9,153 |
Total services |  |  | 23,733 |  |  |  | 19,596 |  |  |  | 45,014 |  |  |  | 37,095 |
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 |  |  | 77,817 |
Transfers to Trade Receivables, Net |  |  | (82,744 | )
Contract Assets at June 30, 2023 |  | $ | 133,665 |
Contract Liabilities (amounts shown in thousands)
Contract Liabilities at December 31, 2022 |  | $ | 6,824 |
Additions |  |  | 9,457 |
Revenue Recognized |  |  | (11,801 | )
Contract Liabilities at June 30, 2023 |  | $ | 4,480 |

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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