Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

Revenue (Tables)
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Types of Fees in Typical Service Contract and Related Recognition
The following chart details the types of fees found in a typical service contract and the related recognition method under ASC 606:
Fee type
Revenue Recognition
Day rate
Revenue is recognized based on the day rates earned as it relates to the level of service provided for each day throughout the contract.
Initial mobilization
Revenue is estimated at contract inception and included in the transaction price to be recognized ratably over contract term.
Unconstrained demobilization revenue is estimated at contract inception, included in the transaction price, and recognized ratably over the contract term.
Recognized (gross of costs incurred) at the amount billed to the customer.