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Shipyard Transaction and Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2021
Discontinued Operations And Disposal Groups [Abstract] |
Summary of Disposal Groups Including Discontinued Operations | Statement of Operations – A summary of the operating results constituting the loss from discontinued operations for the three and six months ended June 30, 2021 and 2020, is as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Revenue |  | $ | 6,471 |  |  | $ | 27,986 |  |  | $ | 41,637 |  |  | $ | 68,862 |
Cost of revenue |  |  | 6,406 |  |  |  | 28,961 |  |  |  | 33,912 |  |  |  | 69,623 |
Gross profit (loss) |  |  | 65 |  |  |  | (975 | ) |  |  | 7,725 |  |  |  | (761 | )
General and administrative expense |  |  | 73 |  |  |  | 352 |  |  |  | 413 |  |  |  | 785 |
Impairments and (gain) loss on assets held for sale |  |  | 1,903 |  |  |  | — |  |  |  | 25,331 |  |  |  | — |
Other (income) expense, net |  |  | (660 | ) |  |  | — |  |  |  | (647 | ) |  |  | 100 |
Operating loss |  |  | (1,251 | ) |  |  | (1,327 | ) |  |  | (17,372 | ) |  |  | (1,646 | )
Income tax (expense) benefit(1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loss from discontinued operations, net of taxes |  | $ | (1,251 | ) |  | $ | (1,327 | ) |  | $ | (17,372 | ) |  | $ | (1,646 | )
| (1) | Income taxes attributable to discontinued operations were not material for all periods presented.
Assets and Liabilities – A summary of the carrying values of the major classes of assets and liabilities of discontinued operations at June 30, 2021 and December 31, 2020, is as follows (in thousands):
|  | June 30, 2021 |  |  | December 31, 2020 |
Current assets of discontinued operations: |  |  |  |  |  |  |  |
Contract receivables and retainage, net |  | $ | 2 |  |  | $ | 1,304 |
Contract assets |  |  | — |  |  |  | 62,423 |
Prepaid expenses and other assets |  |  | — |  |  |  | 270 |
Inventory |  |  | — |  |  |  | 105 |
Assets held for sale |  |  | — |  |  |  | 2,014 |
Total current assets of discontinued operations |  | $ | 2 |  |  | $ | 66,116 |
Noncurrent assets of discontinued operations: |  |  |  |  |  |  |  |
Property, plant and equipment, net |  |  | — |  |  |  | 36,280 |
Other noncurrent assets |  |  | — |  |  |  | 2,889 |
Total noncurrent assets of discontinued operations |  | $ | — |  |  | $ | 39,169 |
|  | June 30, 2021 |  |  | December 31, 2020 |
Current liabilities of discontinued operations: |  |  |  |  |  |  |  |
Accounts payable |  | $ | 225 |  |  | $ | 57,752 |
Contract liabilities |  |  | — |  |  |  | 4,867 |
Accrued expenses and other liabilities |  |  | 546 |  |  |  | 988 |
Total current liabilities of discontinued operations |  | $ | 771 |  |  | $ | 63,607 |
Cash Flows – A summary of the cash flows of discontinued operations for the six months ended June 30, 2021 and 2020, is as follows (in thousands):
|  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |
Operating cash flows from discontinued operations |  | $ | (8,474 | ) |  | $ | (1,603 | )
Investing cash flows from discontinued operations |  | $ | 31,424 |  |  | $ | (5,742 | )

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