XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.23.3

Revenue Recognition (Tables) | 9 Months Ended
--- | ---
Sep. 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 |  |  | Nine months ended |
|  | September 30, |  |  | September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Products: |  |  |  |  |  |  |  |  |  |  |  |
Subsea products |  | $ | 55,427 |  |  | $ | 48,480 |  |  | $ | 146,123 |  |  | $ | 144,229 |
Well construction |  |  | 22,176 |  |  |  | 10,028 |  |  |  | 46,554 |  |  |  | 31,900 |
Total products |  | $ | 77,603 |  |  | $ | 58,508 |  |  | $ | 192,677 |  |  | $ | 176,129 |
Services: |  |  |  |  |  |  |  |  |  |  |  |
Subsea services |  | $ | 17,412 |  |  | $ | 15,806 |  |  | $ | 50,230 |  |  | $ | 43,748 |
Well construction services |  |  | 9,802 |  |  |  | 4,637 |  |  |  | 21,998 |  |  |  | 13,790 |
Total services |  | $ | 27,214 |  |  | $ | 20,443 |  |  | $ | 72,228 |  |  | $ | 57,538 |
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 |  |  | 147,250 |
Transfers to Trade receivables, net |  |  | (137,423 | )
Contract assets at September 30, 2023 |  | $ | 148,419 |
Contract Liabilities (amounts shown in thousands)
Contract liabilities at December 31, 2022 |  | $ | 6,824 |
Additions |  |  | 12,614 |
Revenue recognized |  |  | (11,961 | )
Contract liabilities at September 30, 2023 |  | $ | 7,477 |

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 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration