Note 4 - Revenue Recognition

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

(4) REVENUE RECOGNITION

See “Note (12) Segment and Geographic Distribution of Operations” for revenue by segment and in total for the worldwide fleet.

Contract Balances

At June 30, 2024, we had $3.6 million of deferred mobilizations costs included within prepaid expenses and other current assets and $1.1 million of deferred mobilization costs included in other assets.

At June 30, 2024, we had $4.1 million of deferred mobilization revenue included within accrued expenses and $4.3 million of deferred mobilization revenue included in other liabilities related to unsatisfied performance obligations that will be recognized from 2024 through 2026.