| Summarized Segment Financial Information |
Summarized financial information for our segments as of and for the three months ended June 30, 2019 and 2018, is as follows (in thousands):
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Three Months Ended June 30, 2019 |
|
Fabrication |
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Shipyard |
|
Services |
|
Corporate |
|
Consolidated |
Revenue |
$ |
22,415 |
|
|
$ |
37,567 |
|
|
$ |
24,065 |
|
|
$ |
(3,591 |
) |
|
$ |
80,456 |
|
Gross profit (loss) |
(677 |
) |
|
(2,912 |
) |
|
2,137 |
|
|
(146 |
) |
|
(1,598 |
) |
Operating income (loss) |
(1,211 |
) |
|
(3,564 |
) |
|
1,728 |
|
|
(2,337 |
) |
|
(5,384 |
) |
Depreciation and amortization expense |
891 |
|
|
1,047 |
|
|
363 |
|
|
121 |
|
|
2,422 |
|
Capital expenditures |
131 |
|
|
712 |
|
|
266 |
|
|
— |
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|
1,109 |
|
Total assets (1)
|
59,607 |
|
|
106,092 |
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|
31,163 |
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|
80,729 |
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|
277,591 |
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Three Months Ended June 30, 2018 |
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Fabrication |
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Shipyard |
|
Services |
|
Corporate |
|
Consolidated |
Revenue |
$ |
9,472 |
|
|
$ |
23,620 |
|
|
$ |
22,205 |
|
|
$ |
(1,283 |
) |
|
$ |
54,014 |
|
Gross profit (loss) |
(1,124 |
) |
|
(2,776 |
) |
|
3,585 |
|
|
(384 |
) |
|
(699 |
) |
Operating income (loss) |
4,212 |
|
|
(3,377 |
) |
|
2,835 |
|
|
(2,946 |
) |
|
724 |
|
Depreciation and amortization expense |
1,047 |
|
|
1,051 |
|
|
383 |
|
|
112 |
|
|
2,593 |
|
Capital expenditures |
— |
|
|
653 |
|
|
98 |
|
|
69 |
|
|
820 |
|
Total assets (1)
|
98,526 |
|
|
81,015 |
|
|
33,141 |
|
|
44,007 |
|
|
256,689 |
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Six Months Ended June 30, 2019 |
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Fabrication |
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Shipyard |
|
Services |
|
Corporate |
|
Consolidated |
Revenue |
$ |
35,046 |
|
|
$ |
74,154 |
|
|
$ |
43,667 |
|
|
$ |
(4,806 |
) |
|
$ |
148,061 |
|
Gross profit (loss) |
(1,449 |
) |
|
(3,192 |
) |
|
3,878 |
|
|
(282 |
) |
|
(1,045 |
) |
Operating income (loss) |
(2,751 |
) |
|
(4,468 |
) |
|
3,017 |
|
|
(4,464 |
) |
|
(8,666 |
) |
Depreciation and amortization expense |
1,858 |
|
|
2,156 |
|
|
737 |
|
|
223 |
|
|
4,974 |
|
Capital expenditures |
145 |
|
|
734 |
|
|
480 |
|
|
— |
|
|
1,359 |
|
Total assets (1)
|
59,607 |
|
|
106,092 |
|
|
31,163 |
|
|
80,729 |
|
|
277,591 |
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Six Months Ended June 30, 2018 |
|
Fabrication |
|
Shipyard |
|
Services |
|
Corporate |
|
Consolidated |
Revenue |
$ |
26,815 |
|
|
$ |
42,185 |
|
|
$ |
44,075 |
|
|
$ |
(1,771 |
) |
|
$ |
111,304 |
|
Gross profit (loss) |
(1,651 |
) |
|
(3,799 |
) |
|
6,199 |
|
|
(769 |
) |
|
(20 |
) |
Operating income (loss) |
1,705 |
|
|
(5,356 |
) |
|
4,741 |
|
|
(5,457 |
) |
|
(4,367 |
) |
Depreciation and amortization expense |
2,196 |
|
|
2,120 |
|
|
776 |
|
|
216 |
|
|
5,308 |
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Capital expenditures |
— |
|
|
659 |
|
|
163 |
|
|
69 |
|
|
891 |
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Total assets (1)
|
98,526 |
|
|
81,015 |
|
|
33,141 |
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|
44,007 |
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|
256,689 |
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____________
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(1) |
Cash and short-term investments are reported within our Corporate Division. Total assets previously reported for 2018 have been recast to conform to our presentation for 2019. |
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