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QUARTERLY OPERATING RESULTS (UNAUDITED) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY OPERATING RESULTS (UNAUDITED) | 11. QUARTERLY OPERATING RESULTS (UNAUDITED) The following table presents selected unaudited consolidated financial information on a quarterly basis for 2020 and 2019 (in thousands, except per share data):
|  | March 31, 2020 |  |  | June 30, 2020 |  |  | September 30, 2020 |  |  | December 31, 2020 (1) |
Revenue |  | $ | 78,555 |  |  | $ | 59,974 |  |  | $ | 54,869 |  |  | $ | 57,561 |
Gross loss |  |  | (254 | ) |  |  | (1,703 | ) |  |  | (7,817 | ) |  |  | (7,977 | )
Net income (loss) |  |  | 5,905 |  |  |  | (5,537 | ) |  |  | (12,337 | ) |  |  | (15,406 | )
Basic and diluted income (loss) per share |  |  | 0.39 |  |  |  | (0.36 | ) |  |  | (0.81 | ) |  |  | (1.01 | )
|  | March 31, 2019 |  |  | June 30, 2019 |  |  | September 30, 2019 |  |  | December 31, 2019 (2) |
Revenue |  | $ | 67,605 |  |  | $ | 80,456 |  |  | $ | 75,802 |  |  | $ | 79,445 |
Gross profit (loss) |  |  | 553 |  |  |  | (1,598 | ) |  |  | (2,685 | ) |  |  | (13,269 | )
Net loss |  |  | (3,042 | ) |  |  | (5,248 | ) |  |  | (6,779 | ) |  |  | (34,325 | )
Basic and diluted loss per share |  |  | (0.20 | ) |  |  | (0.34 | ) |  |  | (0.44 | ) |  |  | (2.26 | )
| (1) | Gross loss and net loss for the fourth quarter 2020 includes project charges of $8.8 million for our Shipyard Division. Net loss for the fourth quarter 2020 also includes impairment charges and net losses on the sales of assets held for sale of $1.6 million and $2.4 million for our Shipyard Division and F&S Division, respectively. The fourth quarter 2020 was also impacted by the under-recovery of overhead costs for our F&S Division, and to a lesser extent, our Shipyard Division. See Note 2 for further discussion of our project impacts and Note 3 for further discussion of our impairments.
| (2) | Gross loss and net loss for the fourth quarter 2019 includes project charges of $10.2 million and $3.8 million for our Shipyard Division and F&S Division, respectively. Net loss for the fourth quarter 2019 also includes impairment charges of $7.6 million, $9.0 million and $0.7 million for our Shipyard Division, F&S Division and Corporate Division, respectively. The fourth quarter 2019 was also impacted by the under-recovery of overhead costs for our F&S Division, and to a lesser extent, our Shipyard Division. See Note 2 for further discussion of our project impacts and Note 3 for further discussion of our impairments.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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