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SHIPYARD TRANSACTION AND DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2021, is as follows (in thousands):
|  | Nine Months Ended September 30, 2021 |
Revenue |  | $ | 41,637 |
Cost of revenue |  |  | 33,912 |
Gross profit(1) |  |  | 7,725 |
General and administrative expense |  |  | 413 |
Impairments and (gain) loss on assets held for sale, net(2) |  |  | 25,331 |
Other (income) expense, net |  |  | (647 | )
Operating loss |  |  | (17,372 | )
Income tax (expense) benefit(3) |  |  | — |
Loss from discontinued operations, net of taxes |  | $ | (17,372 | )
|  | Nine Months Ended September 30, 2021 |
Operating cash flows from discontinued operations |  | $ | (9,067 | )
Investing cash flows from discontinued operations |  | $ | 31,424 |
| (1) | Includes a benefit of $8.4 million due to changes in estimated margins for our towing, salvage and rescue ship projects.
| (2) | Includes transaction and other costs of $2.6 million and impairments of $22.8 million associated with the Shipyard Transaction (see discussion above).
| (3) | Income taxes attributable to discontinued operations were not material.

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