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REVENUE FROM SERVICES
12 Months Ended
Dec. 31, 2019
Revenue From Contract With Customer [Abstract]  
REVENUE FROM SERVICES

NOTE 14.  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.  Changes in our deferred costs on contracts are as follows for the years ended December 31:

 

 

 

2019

 

 

2018

 

Balance at beginning of year

 

$

3,746

 

 

$

1,780

 

Fulfillment costs incurred

 

 

30,905

 

 

 

9,076

 

Amortization of fulfillment costs

 

 

(19,685

)

 

 

(7,110

)

Balance at end of year

 

$

14,966

 

 

$

3,746

 

 

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.  Changes in our deferred revenue are as follows for the years ended December 31:  

 

 

 

2019

 

 

2018

 

Balance at beginning of year

 

$

4,357

 

 

$

1,477

 

Acquired from GEOK

 

 

 

 

 

2,856

 

Cash received, excluding amounts recognized as revenue from services

 

 

20,334

 

 

 

6,580

 

Amounts recognized as revenue from services

 

 

(15,967

)

 

 

(6,556

)

Balance at end of year

 

$

8,724

 

 

$

4,357

 

 

Disaggregated Revenue

 

The following table disaggregates our revenue from services for the years ended December 31:  

 

 

 

2019

 

 

2018

 

 

 

Land

 

 

Marine

 

 

Total

 

 

Land

 

 

Marine

 

 

Total

 

North America

 

$

126,317

 

 

$

 

 

$

126,317

 

 

$

71,326

 

 

$

 

 

$

71,326

 

South America

 

 

5,171

 

 

 

18,546

 

 

 

23,717

 

 

 

22,531

 

 

 

 

 

 

22,531

 

Asia Pacific

 

 

3,715

 

 

 

101,485

 

 

 

105,200

 

 

 

4,813

 

 

 

 

 

 

4,813

 

Total

 

$

135,203

 

 

$

120,031

 

 

$

255,234

 

 

$

98,670

 

 

$

 

 

$

98,670

 

 

Remaining Performance Obligations

As of December 31, 2019, we had $203.1 million of remaining performance obligations.  

We expect to recognize revenue of approximately 62% of these performance obligations in 2020, 19% in 2021 and the remaining approximately 19% in 2022.