| Summarized Segment Financial Information |
Summarized financial information for our segments as of and for the three months ended March 31, 2021 and 2020, are as follows (in thousands):
|
|
|
Three Months Ended March 31, 2021
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
19,060
|
|
|
$
|
40,296
|
|
|
$
|
(405
|
)
|
|
$
|
58,951
|
|
|
Gross profit
|
|
|
1,042
|
|
|
|
6,539
|
|
|
|
—
|
|
|
|
7,581
|
|
|
Operating income (loss)
|
|
|
981
|
|
|
|
(17,450
|
)
|
|
|
(1,989
|
)
|
|
|
(18,458
|
)
|
|
Depreciation and amortization expense
|
|
|
1,021
|
|
|
|
840
|
|
|
|
79
|
|
|
|
1,940
|
|
|
Capital expenditures
|
|
|
160
|
|
|
|
300
|
|
|
|
—
|
|
|
|
460
|
|
|
Total assets(1)
|
|
|
56,241
|
|
|
|
103,236
|
|
|
|
53,949
|
|
|
|
213,426
|
|
|
|
|
Three Months Ended March 31, 2020
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
33,443
|
|
|
$
|
45,559
|
|
|
$
|
(447
|
)
|
|
$
|
78,555
|
|
|
Gross profit (loss)
|
|
|
970
|
|
|
|
(1,224
|
)
|
|
|
—
|
|
|
|
(254
|
)
|
|
Operating income (loss)
|
|
|
10,165
|
|
|
|
(1,899
|
)
|
|
|
(2,330
|
)
|
|
|
5,936
|
|
|
Depreciation and amortization expense
|
|
|
1,358
|
|
|
|
787
|
|
|
|
75
|
|
|
|
2,220
|
|
|
Capital expenditures
|
|
|
681
|
|
|
|
1,443
|
|
|
|
—
|
|
|
|
2,124
|
|
|
Total assets(1)
|
|
|
70,886
|
|
|
|
109,651
|
|
|
|
70,492
|
|
|
|
251,029
|
|
|
|
(1)
|
Cash and short-term investments are reported within our Corporate Division.
|
|