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Business Segment Information | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Business Segment Information | Note 11 — Business Segment Information We have four reportable business segments: Well Intervention, Robotics, Shallow Water Abandonment 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. 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
​ | ​ | March 31,
​ | ​ | 2024 |  | 2023
Net revenues — | ​ | ​ |  |  | ​ |
Well Intervention | ​ | $ | 216,459 | ​ | $ | 142,438
Robotics | ​ |  | 50,309 | ​ |  | 49,222
Shallow Water Abandonment | ​ | ​ | 26,853 | ​ | ​ | 49,381
Production Facilities | ​ |  | 24,152 | ​ |  | 20,905
Intercompany eliminations | ​ |  | (21,562) | ​ |  | (11,862)
Total | ​ | $ | 296,211 | ​ | $ | 250,084
​ | ​ | ​ | ​ | ​ | ​ | ​
Income (loss) from operations — | ​ |  |  | ​ |  |
Well Intervention | ​ | $ | 18,679 | ​ | $ | (8,143)
Robotics | ​ |  | 5,450 | ​ |  | 5,094
Shallow Water Abandonment | ​ | ​ | (12,428) | ​ | ​ | 6,822
Production Facilities | ​ |  | (1,543) | ​ |  | 5,157
Segment operating income (loss) | ​ |  | 10,158 | ​ |  | 8,930
Change in fair value of contingent consideration | ​ | ​ | — | ​ | ​ | (3,992)
Corporate, eliminations and other | ​ |  | (11,434) | ​ |  | (13,241)
Total | ​ | $ | (1,276) | ​ | $ | (8,303)
Net interest expense | ​ | ​ | (5,477) | ​ | ​ | (4,187)
Losses related to convertible senior notes | ​ | ​ | (20,922) | ​ | ​ | —
Other non-operating income (expense), net | ​ | ​ | (310) | ​ | ​ | 5,307
Loss before income taxes | ​ | $ | (27,985) | ​ | $ | (7,183)
​ 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
​ | ​ | March 31,
​ |  | 2024 |  | 2023
Well Intervention | ​ | $ | 11,252 | ​ | $ | 4,469
Robotics | ​ |  | 10,228 | ​ |  | 7,393
Shallow Water Abandonment | ​ |  | 82 | ​ |  | —
Total | ​ | $ | 21,562 | ​ | $ | 11,862
​ 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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31,
​ |  | 2024 |  | 2023
Well Intervention | ​ | $ | 1,891,832 | ​ | $ | 1,790,971
Robotics | ​ |  | 204,777 | ​ |  | 177,801
Shallow Water Abandonment | ​ | ​ | 176,019 | ​ | ​ | 256,356
Production Facilities | ​ |  | 115,283 | ​ |  | 120,234
Corporate and other | ​ |  | 225,903 | ​ |  | 210,674
Total | ​ | $ | 2,613,814 | ​ | $ | 2,556,036
​

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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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