Business Segments (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting

The following tables presents selected financial data by business segment:

	Three months ended September 30,						Nine months ended September 30,
	2023			2022			2023			2022
	(In thousands)
Revenue
Subsea products	$	55,427		$	48,496		$	146,123		$	144,245
Subsea services		24,176			22,276			71,658			69,292
Well construction		37,641			17,369			79,935			51,719
Total revenue	$	117,244		$	88,141		$	297,716		$	265,256
Depreciation and amortization
Subsea products	$	1,670		$	1,623		$	5,014		$	5,196
Subsea services		2,595			2,826			8,122			8,954
Well construction		2,977			1,558			6,536			4,837
Corporate		657			1,116			2,165			3,365
Total depreciation and amortization	$	7,899		$	7,123		$	21,837		$	22,352
Operating income (loss)
Subsea products	$	954		$	18,007		$	555		$	11,109
Subsea services		885			676			11,498			5,859
Well construction		6,353			2,066			13,407			9,613
Corporate		(14,263	)		(8,318	)		(24,737	)		(23,610	)
Total operating income (loss)	$	(6,071	)	$	12,431		$	723		$	2,971