Note 5 - Revenue Recognition

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(5) REVENUE RECOGNITION

See “Note (13) Segment and Geographic Distribution of Operations” for revenue by segment and in total for the worldwide fleet.

Contract Balances

At March 31, 2023, we had $5.3 million of deferred mobilizations costs included within prepaid expenses and other current assets and $3.1 million of deferred mobilization costs included in other assets.

At March 31, 2023, we had $4.5 million of deferred mobilization revenue included within accrued expenses related to unsatisfied performance obligations that will be recognized during the remainder of 2023 and 2024.