XML 35 R23.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table summarizes revenues from our contracts disaggregated by revenue generating activity contained therein for the three and nine months ended September 30, 2020 and 2019:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2020201920202019
Dayrate drilling$8,367 $39,894 $59,255 $144,478 
Mobilization300 2,010 2,753 4,447 
Reimbursables404 2,795 4,743 7,349 
Early termination1,153 314 3,348 815 
Capital modification— 43 — 115 
Intangible— — — 1,079 
Other — 17 — 27 
Total revenue$10,224 $45,073 $70,099 $158,310 
Summary of Contract with Customer, Asset and Liability
The following table provides information about receivables and contract liabilities related to contracts with customers. We had no contract assets as of September 30, 2020 or December 31, 2019.
(in thousands)September 30, 2020December 31, 2019
Receivables, which are included in “Accounts receivable, net”$8,514 $35,378 
Contract liabilities, which are included in “Accrued liabilities - deferred revenue”$(212)$(311)
Significant changes in the contract liabilities balance during the period are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2020201920202019
Revenue recognized that was included in contract liabilities at beginning of period$— $47 $311 $1,352 
Decrease (increase) in contract liabilities due to cash received, excluding amounts recognized as revenue$(212)$428 $(212)$(233)
Estimated Revenue Expected to be Recognized in the Future The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2020. The estimated revenue does not include amounts of variable consideration that are constrained.
Year Ending December 31,
(in thousands)2020202120222023
Revenue$179 $33 $— $—