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SHIPYARD TRANSACTION AND DISCONTINUED OPERATIONS (Tables) | 6 Months Ended
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Jun. 30, 2022
Discontinued Operations And Disposal Groups [Abstract] |
Summary of Disposal Groups Including Discontinued Operations | A summary of the operating results and cash flows from discontinued operations for the three and six months ended June 30, 2021, is as follows (in thousands):
|  | Three Months Ended June 30, 2021 |  |  | Six Months Ended June 30, 2021 |
Revenue |  | $ | 6,471 |  |  | $ | 41,637 |
Cost of revenue |  |  | 6,406 |  |  |  | 33,912 |
Gross profit(1) |  |  | 65 |  |  |  | 7,725 |
General and administrative expense |  |  | 73 |  |  |  | 413 |
Impairments and (gain) loss on assets held for sale, net(2) |  |  | 1,903 |  |  |  | 25,331 |
Other (income) expense, net |  |  | (660 | ) |  |  | (647 | )
Operating loss |  |  | (1,251 | ) |  |  | (17,372 | )
Income tax (expense) benefit(3) |  |  | — |  |  |  | — |
Loss from discontinued operations, net of taxes |  | $ | (1,251 | ) |  | $ | (17,372 | )
|  | Six Months Ended June 30, 2021 |
Operating cash flows from discontinued operations |  | $ | (8,474 | )
Investing cash flows from discontinued operations |  | $ | 31,424 |
| (1) | Includes a benefit of $8.4 million for the six months ended June 30, 2021, due to changes in estimated margins for our towing, salvage and rescue ship projects.
| (2) | Includes transaction and other costs of $1.9 million and $2.6 million respectively, for the three and six months ended June 30, 2021, and impairments of $22.8 million for the six months ended June 30, 2021, associated with the Shipyard Transaction (see discussion above).
| (3) | Income taxes attributable to discontinued operations were not material.

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
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