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REVENUE FROM SERVICES
 9 Months Ended
Sep. 30, 2018
Revenue From Contract With Customer [Abstract]  
REVENUE

NOTE 8.  REVENUE FROM SERVICES

 

Deferred Costs on Contracts

 

In some instances, we incur third party costs that directly relate to the contract to fulfill the contract obligations.  These fulfillment costs are capitalized and amortized consistent with how the related revenue is recognized.

 

As of September 30, 2018, we had deferred costs on contracts of $0.4 million.  In the three months and nine months ended September 30, 2018, we recognized $0.5 million and $6.8 million, respectively, of amortization related to these costs.

 

Deferred Revenue

 

Typically, our mobilization services are paid by the customer at the beginning of the contract while the revenue is recognized as control transfers to the customer, which can result in deferred revenue. Normally all other revenue is billed as work progresses, which generally will not result in significant deferred revenue except in those cases where a large mobilization is required for the contract. As of September 30, 2018, we have $2.0 million of deferred revenue. In the three months and nine months ended September 30, 2018, we recognized $1.1 million and $2.6 million, respectively, of revenue that was included in deferred revenue.  

Disaggregated Revenue

 

The following table disaggregates our revenue by major source:

 

 

 

North America

 

 

South America

 

 

Southeast Asia

 

 

Other

 

 

Total

 

Three months ended September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Type of contract:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Turnkey

 

$

10,779

 

 

$

1,224

 

 

$

692

 

 

$

208

 

 

$

12,903

 

Term

 

 

1,777

 

 

 

301

 

 

 

22

 

 

 

—

 

 

 

2,100

 

Total

 

$

12,556

 

 

$

1,525

 

 

$

714

 

 

$

208

 

 

$

15,003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Type of contract:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Turnkey

 

$

37,468

 

 

$

22,791

 

 

$

692

 

 

$

208

 

 

$

61,159

 

Term

 

 

7,527

 

 

 

301

 

 

 

22

 

 

 

—

 

 

 

7,850

 

Total

 

$

44,995

 

 

$

23,092

 

 

$

714

 

 

$

208

 

 

$

69,009

 

 

Remaining Performance Obligation

 

As of September 30, 2018, we had $173.2 million of remaining performance obligations.  We expect to recognize revenue of approximately 31% of these performance obligations in 2018 and the remaining approximately 69% in 2019.