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Operating Segments (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Summarized Segment Financial Information | Summarized financial information for our segments as of and for the three-year period ended December 31, 2019, is as follows (in thousands):
|  | 2019 |
|  | Fabrication |  |  | Shipyard |  |  | Services |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 70,052 |  |  | $ | 159,217 |  |  | $ | 81,706 |  |  | $ | (7,667 | ) |  | $ | 303,308 |
Gross profit (loss) (1) |  |  | (11,249 | ) |  |  | (10,949 | ) |  |  | 5,516 |  |  |  | (317 | ) |  |  | (16,999 | )
Operating income (loss) |  |  | (22,101 | ) |  |  | (21,352 | ) |  |  | 3,329 |  |  |  | (9,897 | ) |  |  | (50,021 | )
Depreciation and amortization expense |  |  | 3,534 |  |  |  | 4,167 |  |  |  | 1,450 |  |  |  | 413 |  |  |  | 9,564 |
Capital expenditures |  |  | 810 |  |  |  | 1,827 |  |  |  | 1,153 |  |  |  | 0 |  |  |  | 3,790 |
Total Assets |  |  | 55,066 |  |  |  | 97,409 |  |  |  | 28,336 |  |  |  | 71,966 |  |  |  | 252,777 |
|  | 2018 |
|  | Fabrication |  |  | Shipyard |  |  | Services |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 40,420 |  |  | $ | 96,424 |  |  | $ | 88,230 |  |  | $ | (3,827 | ) |  | $ | 221,247 |
Gross profit (loss) (2) |  |  | (7,840 | ) |  |  | (10,472 | ) |  |  | 12,447 |  |  |  | (1,331 | ) |  |  | (7,196 | )
Operating income (loss) |  |  | (4,813 | ) |  |  | (14,396 | ) |  |  | 9,371 |  |  |  | (9,827 | ) |  |  | (19,665 | )
Depreciation and amortization expense |  |  | 4,315 |  |  |  | 4,229 |  |  |  | 1,511 |  |  |  | 295 |  |  |  | 10,350 |
Capital expenditures |  |  | 216 |  |  |  | 2,003 |  |  |  | 1,244 |  |  |  | 18 |  |  |  | 3,481 |
Total Assets (3) |  |  | 64,076 |  |  |  | 97,197 |  |  |  | 38,643 |  |  |  | 58,374 |  |  |  | 258,290 |
|  | 2017 |
|  | Fabrication |  |  | Shipyard |  |  | Services |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 58,078 |  |  | $ | 52,699 |  |  | $ | 65,445 |  |  | $ | (5,200 | ) |  | $ | 171,022 |
Gross profit (loss) (4) |  |  | (1,900 | ) |  |  | (44,870 | ) |  |  | 4,575 |  |  |  | (730 | ) |  |  | (42,925 | )
Operating income (loss) |  |  | (11,969 | ) |  |  | (50,044 | ) |  |  | 1,874 |  |  |  | (8,471 | ) |  |  | (68,610 | )
Depreciation and amortization expense |  |  | 6,592 |  |  |  | 4,073 |  |  |  | 1,676 |  |  |  | 404 |  |  |  | 12,745 |
Capital expenditures |  |  | 2,395 |  |  |  | 1,909 |  |  |  | 403 |  |  |  | 127 |  |  |  | 4,834 |
Total Assets (3) |  |  | 155,929 |  |  |  | 74,516 |  |  |  | 32,487 |  |  |  | 7,908 |  |  |  | 270,840 |
| (1) | Gross loss and operating loss for 2019 includes project charges of $8.4 million, $7.2 million and $1.6 million for our Fabrication, Shipyard and Services Divisions, respectively. Operating loss also includes impairments of $8.7 million and $7.9 million for our Fabrication and Shipyard Divisions, respectively, and restructuring costs of $0.7 million for our Corporate Division. See Note 2 for further discussion of our project charges and Note 3 for further discussion of our impairments.
| (2) | Gross loss and operating loss for 2018 includes project charges of $2.4 million and $6.7 million for our Fabrication and Shipyard Divisions, respectively. Operating loss also includes impairments of $1.0 million for our Shipyard Division and a net benefit of $8.2 million for our Fabrication Division 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 $3.4 million. See Note 2 for further discussion of our project charges and Note 3 for further discussion of our asset impairments
| (3) | Cash and short-term investments are reported within our Corporate Division for 2019. Total assets previously reported for 2018 and 2017 have been recast to conform to our presentation for 2019.
| (4) | Gross loss and operating loss for 2017 includes project charges of $34.5 million for our Shipyard Division. Operating loss also includes impairments of $6.7 million and $1.2 million for our Fabrication and Shipyard Divisions, respectively. See Note 2 for further discussion of our project charges and Note 3 for further discussion of our asset impairments.

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