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v3.23.3

Operating Segments (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Summarized Segment Financial Information | Summarized financial information for our segments as of September 30, 2023 and 2022, and for the three and nine months ended September 30, 2023 and 2022, is as follows (in thousands):
|  | Three Months Ended September 30, 2023 |
|  | Services |  |  | Fabrication |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 22,976 |  |  | $ | 14,979 |  |  | $ | (32,702 | ) |  | $ | (230 | ) |  | $ | 5,023 |
Gross profit (loss) |  |  | 3,260 |  |  |  | 1,217 |  |  |  | (34,356 | ) |  |  | — |  |  |  | (29,879 | )
Operating income (loss) |  |  | 2,577 |  |  |  | 904 |  |  |  | (35,117 | ) |  |  | (1,999 | ) |  |  | (33,635 | )
Depreciation and amortization expense |  |  | 502 |  |  |  | 813 |  |  |  | — |  |  |  | 75 |  |  |  | 1,390 |
Capital expenditures |  |  | — |  |  |  | 573 |  |  |  | — |  |  |  | 72 |  |  |  | 645 |
Total assets(1) |  |  | 30,407 |  |  |  | 44,372 |  |  |  | 727 |  |  |  | 45,096 |  |  |  | 120,602 |
|  | Three Months Ended September 30, 2022 |
|  | Services |  |  | Fabrication |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 22,569 |  |  | $ | 15,429 |  |  | $ | 1,849 |  |  | $ | (254 | ) |  | $ | 39,593 |
Gross profit (loss) |  |  | 3,163 |  |  |  | 1,326 |  |  |  | (269 | ) |  |  | — |  |  |  | 4,220 |
Operating income (loss) |  |  | 2,390 |  |  |  | 2,120 |  |  |  | (1,393 | ) |  |  | (2,463 | ) |  |  | 654 |
Depreciation and amortization expense |  |  | 382 |  |  |  | 807 |  |  |  | — |  |  |  | 51 |  |  |  | 1,240 |
Capital expenditures |  |  | 499 |  |  |  | 4 |  |  |  | — |  |  |  | 55 |  |  |  | 558 |
Total assets(1) |  |  | 33,899 |  |  |  | 40,061 |  |  |  | 17,349 |  |  |  | 43,430 |  |  |  | 134,739 |
|  | Nine Months Ended September 30, 2023 |
|  | Services |  |  | Fabrication |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 69,033 |  |  | $ | 69,382 |  |  | $ | (30,973 | ) |  | $ | (925 | ) |  | $ | 106,517 |
Gross profit (loss) |  |  | 10,348 |  |  |  | 5,243 |  |  |  | (35,955 | ) |  |  | — |  |  |  | (20,364 | )
Operating income (loss) |  |  | 8,187 |  |  |  | 4,443 |  |  |  | (39,268 | ) |  |  | (5,920 | ) |  |  | (32,558 | )
Depreciation and amortization expense |  |  | 1,440 |  |  |  | 2,460 |  |  |  | — |  |  |  | 215 |  |  |  | 4,115 |
Capital expenditures |  |  | 508 |  |  |  | 1,111 |  |  |  | — |  |  |  | 82 |  |  |  | 1,701 |
Total assets(1) |  |  | 30,407 |  |  |  | 44,372 |  |  |  | 727 |  |  |  | 45,096 |  |  |  | 120,602 |
|  | Nine Months Ended September 30, 2022 |
|  | Services |  |  | Fabrication |  |  | Shipyard |  |  | Corporate |  |  | Consolidated |
Revenue |  | $ | 65,413 |  |  | $ | 31,885 |  |  | $ | 7,314 |  |  | $ | (431 | ) |  | $ | 104,181 |
Gross profit (loss) |  |  | 8,295 |  |  |  | (2,064 | ) |  |  | (759 | ) |  |  | — |  |  |  | 5,472 |
Operating income (loss) |  |  | 5,912 |  |  |  | 787 |  |  |  | (3,965 | ) |  |  | (6,529 | ) |  |  | (3,795 | )
Depreciation and amortization expense |  |  | 1,128 |  |  |  | 2,436 |  |  |  | — |  |  |  | 200 |  |  |  | 3,764 |
Capital expenditures |  |  | 817 |  |  |  | 160 |  |  |  | — |  |  |  | 55 |  |  |  | 1,032 |
Total assets(1) |  |  | 33,899 |  |  |  | 40,061 |  |  |  | 17,349 |  |  |  | 43,430 |  |  |  | 134,739 |
Cash and short-term investments are reported within our Corporate Division.

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