Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Revenue from Contract with Customers

Revenues from contracts with customers consisted of the following:

	Twelve Months Ended
	December 31,
	2023		2022		2021
	(In thousands)
Revenues:
Products:
Subsea products	$	198,321	$	194,237	$	168,361
Well construction		72,700		46,525		44,902
Total products		271,021		240,762		213,263
Services:
Subsea services		72,241		60,937		58,086
Well construction services		33,439		18,192		16,057
Total services		105,680		79,129		74,143
Leasing:
Subsea leasing		29,023		33,694		27,970
Well Construction leasing		18,336		8,339		7,072
Total leasing (1)		47,359		42,033		35,042
Total revenues	$	424,060	$	361,924	$	322,448

(1) As of December 31, 2023, revenues from contracts with customers includes leasing revenues. Leasing revenue was previously excluded in the Annual Report on Form 10-K filed as of December 31, 2022.

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	$	144,428
Additions		417,248
Transfers to Accounts Receivable		(413,247	)
Contract Assets at December 31, 2023	$	148,429

Contract Liabilities (amounts shown in thousands)

Contract Liabilities at December 31, 2022	$	8,020
Additions		6,364
Revenue Recognized		(6,801	)
Contract Liabilities at December 31, 2023	$	7,583