Revenue Recognition (Tables)

3 Months Ended

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
Leasing:
Subsea leasing	$	7,856	$	7,409
Well Construction leasing		7,692		2,929
Total leasing	$	15,548	$	10,338
Total revenues	$	110,297	$	90,865

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	$	148,429
Additions		107,633
Transfers to Trade receivables, net		(116,452	)
Contract assets at March 31, 2024	$	139,610

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