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Operating Segments (Tables) | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Summary of Reclassification of Previously Reported Segments | . A summary of the reclassifications to our previously reported segment results for the three and six months ended June 30, 2020, is as follows (in thousands):
|  | Three Months Ended June 30, 2020 |
|  | F&S |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Gross loss, as previously reported |  | $ | (472 | ) |  | $ | (1,231 | ) |  | $ | — |  |  | $ | (1,703 | )
Discontinued operations(1) |  |  | — |  |  |  | 975 |  |  |  | — |  |  |  | 975 |
Changes in expense allocations |  |  | (20 | ) |  |  | 73 |  |  |  | (53 | ) |  |  | — |
Gross loss from continuing operations |  | $ | (492 | ) |  | $ | (183 | ) |  | $ | (53 | ) |  | $ | (728 | )
Operating loss, as previously reported |  | $ | (1,394 | ) |  | $ | (1,724 | ) |  | $ | (2,308 | ) |  | $ | (5,426 | )
Discontinued operations(1) |  |  | — |  |  |  | 1,327 |  |  |  | — |  |  |  | 1,327 |
Changes in expense allocations |  |  | (90 | ) |  |  | 214 |  |  |  | (124 | ) |  |  | — |
Reclassification of legal expenses |  |  | — |  |  |  | (239 | ) |  |  | 239 |  |  |  | — |
Operating loss from continuing operations |  | $ | (1,484 | ) |  | $ | (422 | ) |  | $ | (2,193 | ) |  | $ | (4,099 | )
|  | Six Months Ended June 30, 2020 |
|  | F&S |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Gross profit (loss), as previously reported |  | $ | 498 |  |  | $ | (2,455 | ) |  | $ | — |  |  | $ | (1,957 | )
Discontinued operations(1) |  |  | — |  |  |  | 761 |  |  |  | — |  |  |  | 761 |
Changes in expense allocations |  |  | (52 | ) |  |  | 170 |  |  |  | (118 | ) |  |  | — |
Gross profit (loss) from continuing operations |  | $ | 446 |  |  | $ | (1,524 | ) |  | $ | (118 | ) |  | $ | (1,196 | )
Operating income (loss), as previously reported |  | $ | 8,771 |  |  | $ | (3,623 | ) |  | $ | (4,638 | ) |  | $ | 510 |
Discontinued operations(1) |  |  | — |  |  |  | 1,646 |  |  |  | — |  |  |  | 1,646 |
Changes in expense allocations |  |  | (192 | ) |  |  | 452 |  |  |  | (260 | ) |  |  | — |
Reclassification of legal expenses |  |  | — |  |  |  | (564 | ) |  |  | 564 |  |  |  | — |
Operating income (loss) from continuing operations |  | $ | 8,579 |  |  | $ | (2,089 | ) |  | $ | (4,334 | ) |  | $ | 2,156 |
__________________
| (1) | See Note 3 for as summary of the operating results constituting the loss from discontinued operations for the three and six months ended June 30, 2021 and 2020.
Summarized Segment Financial Information | Summarized financial information for our segments as of and for the three and six months ended June 30, 2021 and 2020, are as follows (in thousands):
|  | Three Months Ended June 30, 2021 |
|  | F&S |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 21,227 |  |  | $ | 3,129 |  |  | $ | (88 | ) |  | $ | 24,268 |
Gross profit (loss) |  |  | 2,241 |  |  |  | (1,059 | ) |  |  | (78 | ) |  |  | 1,104 |
Operating income (loss) |  |  | 1,656 |  |  |  | (1,119 | ) |  |  | (2,146 | ) |  |  | (1,609 | )
Depreciation and amortization expense |  |  | 1,001 |  |  |  | — |  |  |  | 81 |  |  |  | 1,082 |
Capital expenditures |  |  | 226 |  |  |  | 193 |  |  |  | — |  |  |  | 419 |
Total assets(1) |  |  | 47,199 |  |  |  | 17,524 |  |  |  | 78,954 |  |  |  | 143,677 |
|  | Six Months Ended June 30, 2021 |
|  | F&S |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 40,287 |  |  | $ | 8,259 |  |  | $ | (493 | ) |  | $ | 48,053 |
Gross profit (loss) |  |  | 3,228 |  |  |  | (2,037 | ) |  |  | (166 | ) |  |  | 1,025 |
Operating income (loss) |  |  | 2,517 |  |  |  | (2,370 | ) |  |  | (4,093 | ) |  |  | (3,946 | )
Depreciation and amortization expense |  |  | 1,989 |  |  |  | — |  |  |  | 160 |  |  |  | 2,149 |
Capital expenditures |  |  | 386 |  |  |  | 193 |  |  |  | — |  |  |  | 579 |
Total assets(1) |  |  | 47,199 |  |  |  | 17,524 |  |  |  | 78,954 |  |  |  | 143,677 |
|  | Three Months Ended June 30, 2020 |
|  | F&S |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 26,606 |  |  | $ | 5,902 |  |  | $ | (520 | ) |  | $ | 31,988 |
Gross loss |  |  | (492 | ) |  |  | (183 | ) |  |  | (53 | ) |  |  | (728 | )
Operating loss |  |  | (1,484 | ) |  |  | (422 | ) |  |  | (2,193 | ) |  |  | (4,099 | )
Depreciation and amortization expense |  |  | 1,155 |  |  |  | — |  |  |  | 77 |  |  |  | 1,232 |
Capital expenditures |  |  | 1,143 |  |  |  | — |  |  |  | 179 |  |  |  | 1,322 |
Total assets(1) |  |  | 71,509 |  |  |  | 16,632 |  |  |  | 72,670 |  |  |  | 160,811 |
|  | Six Months Ended June 30, 2020 |
|  | F&S |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 60,049 |  |  | $ | 10,585 |  |  | $ | (967 | ) |  | $ | 69,667 |
Gross profit (loss) |  |  | 446 |  |  |  | (1,524 | ) |  |  | (118 | ) |  |  | (1,196 | )
Operating income (loss) |  |  | 8,579 |  |  |  | (2,089 | ) |  |  | (4,334 | ) |  |  | 2,156 |
Depreciation and amortization expense |  |  | 2,480 |  |  |  | — |  |  |  | 152 |  |  |  | 2,632 |
Capital expenditures |  |  | 1,824 |  |  |  | — |  |  |  | 179 |  |  |  | 2,003 |
Total assets(1) |  |  | 71,509 |  |  |  | 16,632 |  |  |  | 72,670 |  |  |  | 160,811 |
__________________
| (1) | Cash and short-term investments are reported within our Corporate Division.

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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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