Quarterly report pursuant to Section 13 or 15(d)

Revenue from Contracts with Customers (Tables)

v3.10.0.1
Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2018
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
The following table provides information about contract assets and contract liabilities from contracts with customers:
Dollars in thousands
June 30,
2018
 
December 31,
2017
Contract assets - current (1)
$
1,675

 
$
973

Contract assets - noncurrent (1)
—

 
—

Total contract assets
$
1,675

 
$
973

 
 
 
 
Contract liabilities - current (2)
$
(904
)
 
$
(641
)
Contract liabilities - noncurrent (2)
(315
)
 
(380
)
Total contract liabilities
$
(1,219
)
 
$
(1,021
)
(1)
Contract assets - current and contract assets - noncurrent are included in other current assets and other noncurrent assets respectively, in our consolidated condensed balance sheet as of June 30, 2018 and December 31, 2017.
(2)
Contract liabilities - current and contract liabilities - noncurrent are included in accounts payable and accrued liabilities and other long-term liabilities respectively, in our consolidated condensed balance sheet as of June 30, 2018 and December 31, 2017.
Significant changes to contract assets and contract liabilities balances during the six months ended June 30, 2018 are shown below:
Dollars in thousands
Contract
Assets
 
Contract Liabilities
Balance at December 31, 2017
$
973

 
$
(1,021
)
Decrease due to recognition of revenue or amortization of cost that was included in the beginning contract balance
(281
)
 
910

Decrease due to recognition of revenue or amortization of cost for current period
(770
)
 
—

Increase to deferred revenue or mobilization costs during current period
1,753

 
(1,108
)
Balance at June 30, 2018
$
1,675

 
$
(1,219
)
Revenue Expected to be Recognized in the Future Related to Performance Obligations
The following table includes revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period.
 
Balance at June 30, 2018
Dollars in thousands
Remaining 2018
 
2019
 
2020
 
Beyond 2020
 
Total
Deferred revenue
$1,403
 
$515
 
$239
 
$581
 
$2,738