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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue from Contract with Customers | Revenues from contracts with customers consisted of the following:
|  | Three months ended |
|  | March 31, |
|  | 2024 |  |  | 2023 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |
Products: |  |  |  |  |  |
Subsea products |  | $ | 35,332 |  |  | $ | 46,117 |
Well construction |  |  | 29,230 |  |  |  | 13,129 |
Total products |  | $ | 64,562 |  |  | $ | 59,246 |
Services: |  |  |  |  |  |
Subsea services |  | $ | 16,723 |  |  | $ | 16,487 |
Well construction services |  |  | 13,464 |  |  |  | 4,794 |
Total services |  | $ | 30,187 |  |  | $ | 21,281 |
Total |  | $ | 94,749 |  |  | $ | 80,527 |
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, 2023 |  | $ | 144,191 |
Additions |  |  | 92,085 |
Transfers to Trade receivables, net |  |  | (99,763 | )
Contract assets at March 31, 2024 |  | $ | 136,513 |
Contract Liabilities (amounts shown in thousands)
Contract liabilities at December 31, 2023 |  | $ | 7,583 |
Additions |  |  | 1,920 |
Revenue recognized |  |  | (2,664 | )
Contract liabilities at March 31, 2024 |  | $ | 6,839 |

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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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