Revenue Recognition (Tables)
|9 Months Ended|
Sep. 30, 2018
|Revenue from Contract with Customer [Abstract]|
|Disaggregation of Revenue||
The following tables summarize revenue for each of our operating segments, disaggregated by contract type and timing of revenue recognition, for the three and nine months ended September 30, 2018 and 2017 (in thousands):
(1) Revenue is recognized as the contract is progressed over time.
(2) Revenue is recognized at contracted rates when the work is performed and costs are incurred.
(3) Revenue primarily represents early work authorized by SeaOne and is recognized as the contract is progressed over time.
|Revenue, Remaining Performance Obligation||
The following tables summarize the remaining revenue to be earned under performance obligations for the portion of contracts not yet completed as of September 30, 2018 (in thousands).
(1) Amount excludes approximately $30.1 million in the aggregate of remaining performance obligations under dispute pursuant to a termination notice from our customer related to contracts for the construction of two MPSVs. See Note 8 for further discussion of these contracts.
We expect to recognize revenue for our remaining performance obligations in the following periods (in thousands):
Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
Tabular disclosure of expected timing for satisfying remaining performance obligation.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef