| Summarized Segment Financial Information |
Summarized financial information for our segments as of and for the three and nine months ended September 30, 2020 and 2019, are as follows (in thousands):
|
|
|
Three Months Ended September 30, 2020
|
|
|
|
|
Shipyard
|
|
|
F&S
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
37,078
|
|
|
$
|
18,237
|
|
|
$
|
(446
|
)
|
|
$
|
54,869
|
|
|
Gross loss
|
|
|
(7,504
|
)
|
|
|
(313
|
)
|
|
|
—
|
|
|
|
(7,817
|
)
|
|
Operating loss
|
|
|
(9,244
|
)
|
|
|
(1,127
|
)
|
|
|
(1,868
|
)
|
|
|
(12,239
|
)
|
|
Depreciation and amortization expense
|
|
|
819
|
|
|
|
1,280
|
|
|
|
77
|
|
|
|
2,176
|
|
|
Capital expenditures
|
|
|
402
|
|
|
|
2,033
|
|
|
|
11
|
|
|
|
2,446
|
|
|
Total assets
|
|
|
125,995
|
|
|
|
69,084
|
|
|
|
67,297
|
|
|
|
262,376
|
|
|
|
|
Nine Months Ended September 30, 2020
|
|
|
|
|
Shipyard
|
|
|
F&S
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
116,525
|
|
|
$
|
78,286
|
|
|
$
|
(1,413
|
)
|
|
$
|
193,398
|
|
|
Gross profit (loss)
|
|
|
(9,959
|
)
|
|
|
185
|
|
|
|
—
|
|
|
|
(9,774
|
)
|
|
Operating income (loss)
|
|
|
(12,867
|
)
|
|
|
7,644
|
|
|
|
(6,506
|
)
|
|
|
(11,729
|
)
|
|
Depreciation and amortization expense
|
|
|
2,408
|
|
|
|
3,826
|
|
|
|
229
|
|
|
|
6,463
|
|
|
Capital expenditures
|
|
|
6,144
|
|
|
|
3,857
|
|
|
|
190
|
|
|
|
10,191
|
|
|
Total assets
|
|
|
125,995
|
|
|
|
69,084
|
|
|
|
67,297
|
|
|
|
262,376
|
|
|
|
|
Three Months Ended September 30, 2019
|
|
|
|
|
Shipyard(1)
|
|
|
F&S(1)
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
43,323
|
|
|
$
|
32,681
|
|
|
$
|
(202
|
)
|
|
$
|
75,802
|
|
|
Gross loss
|
|
|
(2,402
|
)
|
|
|
(218
|
)
|
|
|
(65
|
)
|
|
|
(2,685
|
)
|
|
Operating loss
|
|
|
(3,349
|
)
|
|
|
(1,255
|
)
|
|
|
(2,324
|
)
|
|
|
(6,928
|
)
|
|
Depreciation and amortization expense
|
|
|
992
|
|
|
|
1,202
|
|
|
|
96
|
|
|
|
2,290
|
|
|
Capital expenditures
|
|
|
326
|
|
|
|
305
|
|
|
|
—
|
|
|
|
631
|
|
|
Total assets
|
|
|
111,015
|
|
|
|
89,816
|
|
|
|
76,334
|
|
|
|
277,165
|
|
|
|
|
Nine Months Ended September 30, 2019
|
|
|
|
|
Shipyard(1)
|
|
|
F&S(1)
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
120,787
|
|
|
$
|
103,926
|
|
|
$
|
(850
|
)
|
|
$
|
223,863
|
|
|
Gross profit (loss)
|
|
|
(5,594
|
)
|
|
|
2,211
|
|
|
|
(347
|
)
|
|
|
(3,730
|
)
|
|
Operating loss
|
|
|
(7,817
|
)
|
|
|
(989
|
)
|
|
|
(6,788
|
)
|
|
|
(15,594
|
)
|
|
Depreciation and amortization expense
|
|
|
3,148
|
|
|
|
3,797
|
|
|
|
319
|
|
|
|
7,264
|
|
|
Capital expenditures
|
|
|
1,060
|
|
|
|
930
|
|
|
|
—
|
|
|
|
1,990
|
|
|
Total assets
|
|
|
111,015
|
|
|
|
89,816
|
|
|
|
76,334
|
|
|
|
277,165
|
|
__________________
|
|
(1)
|
Revenue of $3.9 million and $7.2 million for the three and nine months ended September 30, 2019 associated with our two, forty-vehicle ferry projects was reclassified from our former Fabrication Division to our Shipyard Division to conform to the presentation of these projects for 2020. The projects had no significant gross profit for 2019.
|
|