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Operating Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Summarized Segment Financial Information | Summarized financial information for our segments as of and for the two-year period ended December 31, 2023, is as follows (in thousands):
|  | Year Ended December 31, 2023 |
|  | Services |  |  | Fabrication |  |  | Shipyard |  |  | Corporate |  |  | Total |
Revenue (eliminations) (1) |  | $ | 93,548 |  |  | $ | 89,046 |  |  | $ | (30,417 | ) |  | $ | (1,110 | ) |  | $ | 151,067 |
Gross profit (loss) (1) |  |  | 13,783 |  |  |  | 10,178 |  |  |  | (35,862 | ) |  |  | — |  |  |  | (11,901 | )
Operating income (loss) (1) |  |  | 10,929 |  |  |  | 10,558 |  |  |  | (39,374 | ) |  |  | (7,996 | ) |  |  | (25,883 | )
Depreciation and amortization expense |  |  | 1,926 |  |  |  | 3,249 |  |  |  | — |  |  |  | 291 |  |  |  | 5,466 |
Capital expenditures |  |  | 544 |  |  |  | 2,233 |  |  |  | — |  |  |  | 99 |  |  |  | 2,876 |
Total assets (3) |  |  | 32,191 |  |  |  | 42,368 |  |  |  | 1,553 |  |  |  | 52,316 |  |  |  | 128,428 |
|  | Year Ended December 31, 2022 |
|  | Services |  |  | Fabrication |  |  | Shipyard |  |  | Corporate |  |  | Total |
Revenue (eliminations) |  | $ | 87,022 |  |  | $ | 48,299 |  |  | $ | 7,671 |  |  | $ | (672 | ) |  | $ | 142,320 |
Gross profit (loss) (2) |  |  | 11,227 |  |  |  | (274 | ) |  |  | (3,058 | ) |  |  | — |  |  |  | 7,895 |
Operating income (loss) (2) |  |  | 8,124 |  |  |  | 4,874 |  |  |  | (7,554 | ) |  |  | (8,859 | ) |  |  | (3,415 | )
Depreciation and amortization expense |  |  | 1,496 |  |  |  | 3,343 |  |  |  | — |  |  |  | 259 |  |  |  | 5,098 |
Capital expenditures |  |  | 2,326 |  |  |  | 633 |  |  |  | — |  |  |  | 127 |  |  |  | 3,086 |
Total assets (3) |  |  | 28,016 |  |  |  | 40,531 |  |  |  | 16,330 |  |  |  | 49,989 |  |  |  | 134,866 |
(1) Revenue for 2023 includes a charge of $32.5 million resulting from the resolution of our MPSV Litigation for our Shipyard Division. Gross profit (loss) and operating income (loss) for 2023 includes a charge of $32.5 million resulting from the resolution of our MPSV Litigation and project charges of $2.7 million for our Shipyard Division. Operating income (loss) for 2023 also includes gains of $2.0 million from the net impact of insurance recoveries and costs associated with damage previously caused by Hurricane Ida for our Fabrication Division, charges of $0.5 million associated with damage previously caused by Hurricane Ida for our Shipyard Division, and the partial under-recovery of overhead costs for our Fabrication Division. See Note 2 for further discussion of our project and Hurricane Ida impacts and Note 7 for further discussion of the resolution of our MPSV Litigation. (2) Gross profit (loss) and operating income (loss) for 2022 includes project charges of $2.0 million for our Shipyard Division. Operating income (loss) for 2022 also includes gains of $7.5 million from the net impact of insurance recoveries and costs associated with damage previously caused by Hurricane Ida for our Fabrication Division, charges of $0.2 million associated with damage previously caused by Hurricane Ida for our Shipyard Division, an impairment charge of $0.5 million associated with the underlying right-of-use asset for our corporate office lease for our Corporate Division, and the partial under-recovery of overhead costs for our Fabrication Division. See Note 2 for further discussion of our project and Hurricane Ida impacts and Note 3 for further discussion of our corporate office lease asset impairment. (3) Cash and short-term investments are reported within our Corporate Division.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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