Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated by Revenue

The following tables present our revenue disaggregated by revenue source for the periods indicated:

	Three Months Ended June 30, 2022								Three Months Ended June 30, 2021
	Jackups		Deepwater		Managed		Consolidated		Jackups		Deepwater		Managed		Consolidated
(unaudited, in thousands)
Dayrate revenue	$	15,963	$	24,304	$	2,840	$	43,107	$	17,473	$	8,968	$	497	$	26,938
Amortized revenue		1,439		1,038		—		2,477		5,214		—		—		5,214
Reimbursable revenue		1,944		3,175		22,535		27,654		2,400		311		738		3,449
Total revenue	$	19,346	$	28,517	$	25,375	$	73,238	$	25,087	$	9,279	$	1,235	$	35,601
	Six Months Ended June 30, 2022								Six Months Ended June 30, 2021
	Jackups		Deepwater		Managed		Consolidated		Jackups		Deepwater		Managed		Consolidated
(unaudited, in thousands)
Dayrate revenue	$	31,294	$	50,300	$	3,943	$	85,537	$	26,371	$	17,795	$	595	$	44,761
Amortized revenue		1,659		4,404		—		6,063		5,214		—		—		5,214
Reimbursable revenue		4,151		6,151		29,667		39,969		4,722		332		738		5,792
Total revenue	$	37,104	$	60,855	$	33,610	$	131,569	$	36,307	$	18,127	$	1,333	$	55,767

Schedule of Contract Cost Assets and Contract Revenue Liabilities from Contracts with Customers

The following table provides information about contract cost assets and contract revenue liabilities from contracts with customers:

	June 30, 2022		December 31, 2021
(unaudited, in thousands)
Current contract cost assets	$	896	$	1,405
Noncurrent contract cost assets		5,021		6,832
Noncurrent contract cost assets - held for sale		—		4,196
Current contract revenue assets		—		1,903
Current contract revenue liabilities		31,557		12,311
Noncurrent contract revenue liabilities		1,397		1,893

Schedule of Significant Changes in Contract Cost Assets and Contract Revenue Liabilities

Significant changes in contract cost assets and contract revenue liabilities during the six months ended June 30, 2022 are as follows:

	Contract Cost Assets			Contract Revenue Assets			Contract Revenues
(unaudited, in thousands)
Balance as of December 31, 2021	$	12,433		$	1,903		$	14,204
Increase (decrease) due to contractual changes		(570	)		—			46,066
Decrease due to recognition of revenue		(5,946	)		(1,903	)		(27,316	)
Balance as of June 30, 2022 (1)	$	5,917		$	—		$	32,954