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Operating Segments (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Summarized Segment Financial Information | Summarized financial information for our segments as of and for the three-year period ended December 31, 2020, is as follows (in thousands):
|  | Year Ended December 31, 2020 |
|  | Shipyard |  |  | F&S |  |  | Corporate |  |  | Total |
Revenue |  | $ | 153,698 |  |  | $ | 99,485 |  |  | $ | (2,224 | ) |  | $ | 250,959 |
Gross profit (loss) (1) |  |  | (19,274 | ) |  |  | 1,523 |  |  |  | — |  |  |  | (17,751 | )
Operating income (loss) (1) |  |  | (24,343 | ) |  |  | 5,893 |  |  |  | (8,709 | ) |  |  | (27,159 | )
Depreciation and amortization expense |  |  | 3,254 |  |  |  | 5,061 |  |  |  | 302 |  |  |  | 8,617 |
Capital expenditures |  |  | 6,499 |  |  |  | 4,522 |  |  |  | 191 |  |  |  | 11,212 |
Total assets (4) |  |  | 121,992 |  |  |  | 54,966 |  |  |  | 54,385 |  |  |  | 231,343 |
|  | Year Ended December 31, 2019 |
|  | Shipyard (5) |  |  | F&S (5) |  |  | Corporate |  |  | Total |
Revenue |  | $ | 168,466 |  |  | $ | 137,169 |  |  | $ | (2,327 | ) |  | $ | 303,308 |
Gross loss (2) |  |  | (16,025 | ) |  |  | (657 | ) |  |  | (317 | ) |  |  | (16,999 | )
Operating loss (2) |  |  | (26,428 | ) |  |  | (13,696 | ) |  |  | (9,897 | ) |  |  | (50,021 | )
Depreciation and amortization expense |  |  | 4,167 |  |  |  | 4,984 |  |  |  | 413 |  |  |  | 9,564 |
Capital expenditures |  |  | 1,827 |  |  |  | 1,963 |  |  |  | — |  |  |  | 3,790 |
Total assets (4) |  |  | 103,409 |  |  |  | 77,402 |  |  |  | 71,966 |  |  |  | 252,777 |
|  | Year Ended December 31, 2018 |
|  | Shipyard |  |  | F&S |  |  | Corporate |  |  | Total |
Revenue |  | $ | 96,424 |  |  | $ | 126,695 |  |  | $ | (1,872 | ) |  | $ | 221,247 |
Gross profit (loss) (3) |  |  | (10,472 | ) |  |  | 4,607 |  |  |  | (1,331 | ) |  |  | (7,196 | )
Operating income (loss) (3) |  |  | (14,396 | ) |  |  | 4,558 |  |  |  | (9,827 | ) |  |  | (19,665 | )
Depreciation and amortization expense |  |  | 4,229 |  |  |  | 5,826 |  |  |  | 295 |  |  |  | 10,350 |
Capital expenditures |  |  | 2,003 |  |  |  | 1,460 |  |  |  | 18 |  |  |  | 3,481 |
Total assets (4) |  |  | 97,197 |  |  |  | 102,719 |  |  |  | 58,374 |  |  |  | 258,290 |
| (1) | Gross profit (loss) and operating income (loss) for 2020 includes project charges of $16.6 million for our Shipyard Division and project improvements of $2.7 million for our F&S Division. Operating income (loss) also includes impairment charges and net losses on the sales of assets held for sale of $1.6 million and $2.5 million for our Shipyard Division and F&S Division, respectively, charges of $1.3 million associated with damage caused by Hurricane Laura at our Lake Charles Yard for our Shipyard Division, and a gain of $10.0 million associated with the settlement of a contract dispute for our F&S Division. See Note 2 for further discussion of our project and hurricane impacts and Note 3 for further discussion of our facility closures and impairments.
| (2) | Gross loss and operating loss for 2019 includes project charges of $12.3 million and $4.9 million for our Shipyard Division and F&S Division, respectively. Operating loss also includes impairment charges and net gains on the sales of assets held for sale of $7.9 million and $8.9 million for our Shipyard Division and F&S Division, respectively, and restructuring costs of $0.7 million for our Corporate Division. See Note 2 for further discussion of our project impacts and Note 3 for further discussion of our impairments.
| (3) | Gross profit (loss) and operating income (loss) for 2018 includes project charges of $6.7 million and $2.4 million for our Shipyard Division and F&S Division, respectively. Operating income (loss) also includes impairment charges of $1.0 million for our Shipyard Division and a net benefit of $7.8 million for our F&S Division, primarily related to a gain on the sale of our South Texas Properties of $7.7 million and a gain on insurance recoveries of $3.6 million, offset partially by impairments of $3.5 million. See Note 2 for further discussion of our project impacts and Note 3 for further discussion of our asset impairments.
| (4) | Cash and short-term investments are reported within our Corporate Division.
| (5) | Revenue of $9.2 million and gross loss and operating loss of $5.1 million for 2019, and contract assets and contract receivables of $6.0 million as of December 31, 2019, associated with our two forty-vehicle ferry projects were reclassified from our former Fabrication Division to our Shipyard Division to conform to the presentation of these projects for 2020.

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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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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