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Operating Segments (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Summary of Reclassification of Previously Reported Segments | A summary of the adjustments to correct the immaterial errors and reclassifications to our previously reported segment results for 2020, is as follows (in thousands):
|  | Year Ended December 31, 2020 |
|  | F&S |  |  | Shipyard |  |  | Corporate |  |  | Total |
Gross profit (loss), as reported (1) |  | $ | 1,523 |  |  | $ | (19,274 | ) |  | $ | — |  |  | $ | (17,751 | )
Corrections |  |  | 107 |  |  |  | 135 |  |  |  | — |  |  |  | 242 |
Gross profit (loss), as adjusted prior to recast |  |  | 1,630 |  |  |  | (19,139 | ) |  |  | — |  |  |  | (17,509 | )
Recast for discontinued operations (2) |  |  | — |  |  |  | 9,642 |  |  |  | — |  |  |  | 9,642 |
Changes in expense allocations |  |  | (76 | ) |  |  | 284 |  |  |  | (208 | ) |  |  | — |
Gross profit (loss) from continuing operations, as adjusted |  | $ | 1,554 |  |  | $ | (9,213 | ) |  | $ | (208 | ) |  | $ | (7,867 | )
Operating income (loss), as reported (1) |  | $ | 5,893 |  |  | $ | (24,343 | ) |  | $ | (8,709 | ) |  | $ | (27,159 | )
Corrections |  |  | 111 |  |  |  | 140 |  |  |  | (302 | ) |  |  | (51 | )
Operating income (loss), as adjusted prior to recast |  |  | 6,004 |  |  |  | (24,203 | ) |  |  | (9,011 | ) |  |  | (27,210 | )
Recast for discontinued operations (2) |  |  | — |  |  |  | 13,307 |  |  |  | — |  |  |  | 13,307 |
Changes in expense allocations |  |  | (350 | ) |  |  | 834 |  |  |  | (484 | ) |  |  | — |
Reclassification of legal expenses |  |  | — |  |  |  | (1,039 | ) |  |  | 1,039 |  |  |  | — |
Operating income (loss) from continuing operations, as adjusted |  | $ | 5,654 |  |  | $ | (11,101 | ) |  | $ | (8,456 | ) |  | $ | (13,903 | )
| (1) | Represents amounts as reported in our previously issued 2020 Financial Statements which do not reflect discontinued operations presentation.
| (2) | Reflects adjustments to recast previously issued 2020 Financial Statement amounts on a discontinued operations basis.
Summarized Segment Financial Information | Summarized financial information for our segments as of and for the two-year period ended December 31, 2021, is as follows (in thousands):
|  | Year Ended December 31, 2021 |
|  | F&S |  |  | Shipyard |  |  | Corporate |  |  | Total |
Revenue (eliminations) |  | $ | 81,083 |  |  | $ | 12,878 |  |  | $ | (509 | ) |  | $ | 93,452 |
Gross profit (loss) (1) |  |  | 6,189 |  |  |  | (4,242 | ) |  |  | (283 | ) |  |  | 1,664 |
Operating income (loss) (1) |  |  | 261 |  |  |  | (5,769 | ) |  |  | (7,976 | ) |  |  | (13,484 | )
Depreciation and amortization expense |  |  | 4,001 |  |  |  | — |  |  |  | 319 |  |  |  | 4,320 |
Capital expenditures |  |  | 1,141 |  |  |  | — |  |  |  | — |  |  |  | 1,141 |
Total assets (3) |  |  | 59,023 |  |  |  | 16,222 |  |  |  | 60,028 |  |  |  | 135,273 |
|  | Year Ended December 31, 2020 |
|  | F&S |  |  | Shipyard |  |  | Corporate |  |  | Total |
Revenue (eliminations) |  | $ | 99,485 |  |  | $ | 20,468 |  |  | $ | (2,224 | ) |  | $ | 117,729 |
Gross profit (loss) (2) |  |  | 1,554 |  |  |  | (9,213 | ) |  |  | (208 | ) |  |  | (7,867 | )
Operating income (loss) (2) |  |  | 5,654 |  |  |  | (11,101 | ) |  |  | (8,456 | ) |  |  | (13,903 | )
Depreciation and amortization expense |  |  | 4,928 |  |  |  | — |  |  |  | 302 |  |  |  | 5,230 |
Capital expenditures |  |  | 2,067 |  |  |  | — |  |  |  | 191 |  |  |  | 2,258 |
Total assets (3) |  |  | 54,174 |  |  |  | 17,499 |  |  |  | 59,780 |  |  |  | 131,453 |
| (1) | Gross profit (loss) and operating income (loss) for 2021 includes project improvements of $3.3 million for our F&S Division and project charges of $3.8 million for our Shipyard Division. Operating income (loss) also includes charges of $3.2 million and $0.6 million associated with damage caused by Hurricane Ida for our F&S Division and Shipyard Division, respectively, acquisition costs of $0.5 million associated with the DSS Acquisition for our F&S Division, and the under-recovery of overhead costs for our F&S Division. See Note 2 for further discussion of our project and hurricane impacts and Note 4 for further discussion of the DSS Acquisition.
| (2) | Gross profit (loss) and operating income (loss) for 2020 includes project improvements of $2.7 million for our F&S Division and project charges of $8.3 million for our Shipyard Division. Operating income (loss) also includes impairment charges and losses on the sale of assets held for sale of $2.5 million for our F&S Division, charges of $0.8 million associated with damage caused by Hurricane Laura 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 5 for further discussion of our impairments.
| (3) | Cash and short-term investments are reported within our Corporate Division.

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