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Revenue Recognition (Tables)

6 Months Ended

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

X

- 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

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X

- 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

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- References

No definition available.

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