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Business Segment Information | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Business Segment Information | Note 12 — Business Segment Information Through the second quarter 2022, we had three reportable business segments: Well Intervention, Robotics and Production Facilities. Our U.S., U.K. and Brazil Well Intervention operating segments are aggregated into the Well Intervention segment for financial reporting purposes. Beginning in the third quarter 2022 as a result of the Alliance acquisition (Note 3), we formed a new reportable business segment: Shallow Water Abandonment, which includes the assets, liabilities and operating results of Helix Alliance. All material intercompany transactions between the segments have been eliminated. See Note 2 for more information on our business segments. We evaluate our performance based on operating income of each reportable segment. Certain financial data by reportable segment are summarized as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2023 |  | 2022 | ​ | 2023 |  | 2022
Net revenues — |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Well Intervention | ​ | $ | 154,221 | ​ | $ | 106,291 | ​ | $ | 296,659 | ​ | $ | 212,658
Robotics | ​ |  | 70,050 | ​ |  | 49,850 | ​ |  | 119,272 | ​ |  | 87,201
Shallow Water Abandonment | ​ | ​ | 76,306 | ​ | ​ | — | ​ | ​ | 125,687 | ​ | ​ | —
Production Facilities | ​ |  | 23,128 | ​ |  | 17,678 | ​ |  | 44,033 | ​ |  | 35,972
Intercompany eliminations | ​ |  | (14,888) | ​ |  | (11,207) | ​ |  | (26,750) | ​ |  | (23,094)
Total | ​ | $ | 308,817 | ​ | $ | 162,612 | ​ | $ | 558,901 | ​ | $ | 312,737
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income (loss) from operations — | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Well Intervention | ​ | $ | 3,380 | ​ | $ | (22,548) | ​ | $ | (4,763) | ​ | $ | (54,306)
Robotics | ​ |  | 17,467 | ​ |  | 9,666 | ​ |  | 22,561 | ​ |  | 11,146
Shallow Water Abandonment | ​ | ​ | 19,762 | ​ | ​ | — | ​ | ​ | 26,584 | ​ | ​ | —
Production Facilities | ​ |  | 7,774 | ​ |  | 6,045 | ​ |  | 12,931 | ​ |  | 11,896
Segment operating income (loss) | ​ |  | 48,383 | ​ |  | (6,837) | ​ |  | 57,313 | ​ |  | (31,264)
Change in fair value of contingent consideration | ​ | ​ | (10,828) | ​ | ​ | — | ​ | ​ | (14,820) | ​ | ​ | —
Corporate, eliminations and other | ​ |  | (17,350) | ​ |  | (12,139) | ​ |  | (30,591) | ​ |  | (20,689)
Total | ​ | $ | 20,205 | ​ | $ | (18,976) | ​ | $ | 11,902 | ​ | $ | (51,953)
​ Intercompany segment amounts are derived primarily from equipment and services provided to other business segments. Intercompany segment revenues are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Well Intervention | ​ | $ | 6,873 | ​ | $ | 3,893 | ​ | $ | 11,342 | ​ | $ | 7,743
Robotics | ​ |  | 7,989 | ​ |  | 7,314 | ​ |  | 15,382 | ​ |  | 15,351
Shallow Water Abandonment | ​ |  | 26 | ​ |  | — | ​ |  | 26 | ​ |  | —
Total | ​ | $ | 14,888 | ​ | $ | 11,207 | ​ | $ | 26,750 | ​ | $ | 23,094
​ Segment assets are comprised of all assets attributable to each reportable segment. Corporate and other includes all assets not directly identifiable with our business segments, most notably the majority of our cash and cash equivalents. The following table reflects total assets by reportable segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2023 |  | 2022
Well Intervention | ​ | $ | 1,832,507 | ​ | $ | 1,796,269
Robotics | ​ |  | 188,267 | ​ |  | 192,694
Shallow Water Abandonment | ​ | ​ | 232,142 | ​ | ​ | 206,944
Production Facilities | ​ |  | 120,025 | ​ |  | 136,382
Corporate and other | ​ |  | 50,904 | ​ |  | 57,049
Total | ​ | $ | 2,423,845 | ​ | $ | 2,389,338
​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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