Revenue (Tables)

9 Months Ended

Sep. 30, 2022


			Three Months Ended				Nine Months Ended
(in thousands)			Sep 30, 2022		Sep 30, 2021			Sep 30, 2022		Sep 30, 2021
Business Segment:
	Energy Services and Products
		Subsea Robotics	$	169,422	$	143,710		$	454,534	$	404,200
		Manufactured Products	94,039		75,359			282,187		241,311
		Offshore Projects Group	152,987		95,580			366,841		292,765
		Integrity Management & Digital Solutions	58,465		62,806			174,473		180,924
	Total Energy Services and Products		474,913		377,455			1,278,035		1,119,200
	Aerospace and Defense Technologies		84,758		89,359			251,826		283,366
		Total	$	559,671	$	466,814		$	1,529,861	$	1,402,566



Geographic Operating Areas:
	Foreign:
		Africa	$	78,955	$	78,890		$	210,274	$	213,087
		Asia and Australia	62,097		43,919			161,202		123,616
		Norway	41,784		51,269			134,972		160,923
		United Kingdom	45,234		46,254			130,122		135,401
		Brazil	36,638		30,238			104,940		78,411
		Other	25,085		22,912			69,253		69,183
	Total Foreign		289,793		273,482			810,763		780,621
	United States		269,878		193,332			719,098		621,945
Total			$	559,671	$	466,814		$	1,529,861	$	1,402,566

Timing of Transfer of Goods or Services:
	Revenue recognized over time		$	525,967	$	437,086		$	1,427,692	$	1,316,733
	Revenue recognized at a point in time		33,704		29,728			102,169		85,833
Total			$	559,671	$	466,814		$	1,529,861	$	1,402,566

The following table provides information about contract assets and contract liabilities from contracts with customers.


	Nine Months Ended
(in thousands)	Sep 30, 2022		Sep 30, 2021
Total contract assets, beginning of period	$	164,847	$	221,997
Revenue accrued	1,456,244		1,355,567
Amounts billed	(1,448,147)		(1,322,892)
Total contract assets, end of period	$	172,944	$	254,672


Total contract liabilities, beginning of period	$	88,175	$	50,046
Deferrals of milestone payments	65,075		47,246
Recognition of revenue for goods and services	(73,066)		(46,538)
Total contract liabilities, end of period	$	80,184	$	50,754