Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 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				Six months ended
	June 30,				June 30,
	2024		2023		2024		2023
	(In thousands)
Revenues:
Products:
Subsea products	$	42,681	$	44,579	$	78,013	$	90,696
Well construction		31,649		11,249		60,879		24,378
Total products	$	74,330	$	55,828	$	138,892	$	115,074
Services:
Subsea services	$	19,292	$	16,333	$	36,016	$	32,818
Well construction services		13,422		7,400		26,885		12,196
Total services	$	32,714	$	23,733	$	62,901	$	45,014
Total	$	107,044	$	79,561	$	201,793	$	160,088

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	$	144,191
Additions		198,055
Transfers to Trade receivables, net		(213,176	)
Contract assets at June 30, 2024	$	129,070

Contract Liabilities (amounts shown in thousands)

Contract liabilities at December 31, 2023	$	7,583
Additions		4,114
Revenue recognized		(3,737	)
Contract liabilities at June 30, 2024	$	7,960