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Operating Segments (Tables) | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Summarized Segment Financial Information | Summarized financial information for our segments as of and for the three-year period ended December 31, 2018, is as follows (in thousands):
| 2018
| Fabrication(1) | Shipyard (1) | Services | EPC | Corporate | Eliminations | Consolidated
Revenue | $ | 37,943 |  | $ | 96,424 |  | $ | 88,230 |  | $ | 2,477 |  | $ | — |  | $ | (3,827 | ) | $ | 221,247 |
Gross profit (loss) | (7,794 | ) | (10,472 | ) | 12,447 |  | (46 | ) | (1,331 | ) | — |  | (7,196 | )
Operating income (loss) | (2,950 | ) | (14,396 | ) | 9,371 |  | (1,863 | ) | (9,827 | ) | — |  | (19,665 | )
Depreciation expense | 4,310 |  | 4,229 |  | 1,511 |  | 5 |  | 295 |  | — |  | 10,350 |
Capital expenditures | 73 |  | 2,003 |  | 1,244 |  | 143 |  | 18 |  | — |  | 3,481 |
Total Assets | 62,138 |  | 97,197 |  | 38,643 |  | 1,938 |  | 58,374 |  | — |  | 258,290 |
| 2017
| Fabrication | Shipyard (2) | Services | EPC | Corporate | Eliminations | Consolidated
Revenue | $ | 57,880 |  | $ | 52,699 |  | $ | 65,445 |  | $ | 198 |  | $ | — |  | $ | (5,200 | ) | $ | 171,022 |
Gross profit (loss) | (1,941 | ) | (44,870 | ) | 4,575 |  | 41 |  | (730 | ) | — |  | (42,925 | )
Operating income (loss) | (12,010 | ) | (50,044 | ) | 1,874 |  | 41 |  | (8,471 | ) | — |  | (68,610 | )
Depreciation expense | 6,592 |  | 4,073 |  | 1,676 |  | — |  | 404 |  | — |  | 12,745 |
Capital expenditures | 2,395 |  | 1,909 |  | 403 |  | — |  | 127 |  | — |  | 4,834 |
Total Assets | 155,731 |  | 74,516 |  | 32,487 |  | 198 |  | 7,908 |  | — |  | 270,840 |
| 2016
| Fabrication | Shipyard | Services | EPC | Corporate | Eliminations | Consolidated
Revenue | $ | 88,683 |  | $ | 109,502 |  | $ | 91,414 |  | $ | — |  | $ | — |  | $ | (3,273 | ) | $ | 286,326 |
Gross profit (loss) | 5,276 |  | 7,801 |  | 12,420 |  | — |  | (644 | ) | — |  | 24,853 |
Operating income (loss) | 2,009 |  | 2,436 |  | 9,217 |  | — |  | (7,798 | ) | — |  | 5,864 |
Depreciation expense | 18,566 |  | 4,686 |  | 1,775 |  | — |  | 421 |  | — |  | 25,448 |
Capital expenditures | 2,633 |  | 1,861 |  | 1,495 |  | — |  | 806 |  | — |  | 6,795 |
Total Assets | 195,901 |  | 81,928 |  | 37,102 |  | — |  | 7,477 |  | — |  | 322,408 |
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(1) | Gross loss and operating loss for 2018 for our Fabrication Division includes a $2.4 million impact from increased costs on a petrochemical module project and our Shipyard Division includes a $6.7 million impact from increased forecast costs on our harbor tug projects. Operating loss also includes a net benefit of $6.9 million related to a gain on the sale of our South Texas Properties of $8.0 million and a gain on insurance recoveries of $3.6 million, offset partially by impairments of $4.4 million related to inventory and assets that were held for sale and a loss on assets sold of $0.3 million within our Fabrication and Shipyard Divisions. See Note 2 for further discussion of the project charges and Note 3 and Note 5 for further discussion of our asset impairments and gains on assets held for sale.
(2) | Gross loss and operating loss for 2017 for our Shipyard Division includes a $34.5 million impact from increased forecast costs on our MPSV projects. See Note 2 for further discussion of the MPSV projects.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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