| Summary of Reclassification of Previously Reported Segments |
. A summary of the reclassifications to our previously reported segment results for the three and six months ended June 30, 2020, is as follows (in thousands):
|
|
|
Three Months Ended June 30, 2020
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Gross loss, as previously reported
|
|
$
|
(472
|
)
|
|
$
|
(1,231
|
)
|
|
$
|
—
|
|
|
$
|
(1,703
|
)
|
|
Discontinued operations(1)
|
|
|
—
|
|
|
|
975
|
|
|
|
—
|
|
|
|
975
|
|
|
Changes in expense allocations
|
|
|
(20
|
)
|
|
|
73
|
|
|
|
(53
|
)
|
|
|
—
|
|
|
Gross loss from continuing operations
|
|
$
|
(492
|
)
|
|
$
|
(183
|
)
|
|
$
|
(53
|
)
|
|
$
|
(728
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating loss, as previously reported
|
|
$
|
(1,394
|
)
|
|
$
|
(1,724
|
)
|
|
$
|
(2,308
|
)
|
|
$
|
(5,426
|
)
|
|
Discontinued operations(1)
|
|
|
—
|
|
|
|
1,327
|
|
|
|
—
|
|
|
|
1,327
|
|
|
Changes in expense allocations
|
|
|
(90
|
)
|
|
|
214
|
|
|
|
(124
|
)
|
|
|
—
|
|
|
Reclassification of legal expenses
|
|
|
—
|
|
|
|
(239
|
)
|
|
|
239
|
|
|
|
—
|
|
|
Operating loss from continuing operations
|
|
$
|
(1,484
|
)
|
|
$
|
(422
|
)
|
|
$
|
(2,193
|
)
|
|
$
|
(4,099
|
)
|
|
|
|
Six Months Ended June 30, 2020
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Gross profit (loss), as previously reported
|
|
$
|
498
|
|
|
$
|
(2,455
|
)
|
|
$
|
—
|
|
|
$
|
(1,957
|
)
|
|
Discontinued operations(1)
|
|
|
—
|
|
|
|
761
|
|
|
|
—
|
|
|
|
761
|
|
|
Changes in expense allocations
|
|
|
(52
|
)
|
|
|
170
|
|
|
|
(118
|
)
|
|
|
—
|
|
|
Gross profit (loss) from continuing operations
|
|
$
|
446
|
|
|
$
|
(1,524
|
)
|
|
$
|
(118
|
)
|
|
$
|
(1,196
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss), as previously reported
|
|
$
|
8,771
|
|
|
$
|
(3,623
|
)
|
|
$
|
(4,638
|
)
|
|
$
|
510
|
|
|
Discontinued operations(1)
|
|
|
—
|
|
|
|
1,646
|
|
|
|
—
|
|
|
|
1,646
|
|
|
Changes in expense allocations
|
|
|
(192
|
)
|
|
|
452
|
|
|
|
(260
|
)
|
|
|
—
|
|
|
Reclassification of legal expenses
|
|
|
—
|
|
|
|
(564
|
)
|
|
|
564
|
|
|
|
—
|
|
|
Operating income (loss) from continuing operations
|
|
$
|
8,579
|
|
|
$
|
(2,089
|
)
|
|
$
|
(4,334
|
)
|
|
$
|
2,156
|
|
__________________
|
|
(1)
|
See Note 3 for as summary of the operating results constituting the loss from discontinued operations for the three and six months ended June 30, 2021 and 2020.
|
|
| Summarized Segment Financial Information |
Summarized financial information for our segments as of and for the three and six months ended June 30, 2021 and 2020, are as follows (in thousands):
|
|
|
Three Months Ended June 30, 2021
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
21,227
|
|
|
$
|
3,129
|
|
|
$
|
(88
|
)
|
|
$
|
24,268
|
|
|
Gross profit (loss)
|
|
|
2,241
|
|
|
|
(1,059
|
)
|
|
|
(78
|
)
|
|
|
1,104
|
|
|
Operating income (loss)
|
|
|
1,656
|
|
|
|
(1,119
|
)
|
|
|
(2,146
|
)
|
|
|
(1,609
|
)
|
|
Depreciation and amortization expense
|
|
|
1,001
|
|
|
|
—
|
|
|
|
81
|
|
|
|
1,082
|
|
|
Capital expenditures
|
|
|
226
|
|
|
|
193
|
|
|
|
—
|
|
|
|
419
|
|
|
Total assets(1)
|
|
|
47,199
|
|
|
|
17,524
|
|
|
|
78,954
|
|
|
|
143,677
|
|
|
|
|
Six Months Ended June 30, 2021
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
40,287
|
|
|
$
|
8,259
|
|
|
$
|
(493
|
)
|
|
$
|
48,053
|
|
|
Gross profit (loss)
|
|
|
3,228
|
|
|
|
(2,037
|
)
|
|
|
(166
|
)
|
|
|
1,025
|
|
|
Operating income (loss)
|
|
|
2,517
|
|
|
|
(2,370
|
)
|
|
|
(4,093
|
)
|
|
|
(3,946
|
)
|
|
Depreciation and amortization expense
|
|
|
1,989
|
|
|
|
—
|
|
|
|
160
|
|
|
|
2,149
|
|
|
Capital expenditures
|
|
|
386
|
|
|
|
193
|
|
|
|
—
|
|
|
|
579
|
|
|
Total assets(1)
|
|
|
47,199
|
|
|
|
17,524
|
|
|
|
78,954
|
|
|
|
143,677
|
|
|
|
|
Three Months Ended June 30, 2020
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
26,606
|
|
|
$
|
5,902
|
|
|
$
|
(520
|
)
|
|
$
|
31,988
|
|
|
Gross loss
|
|
|
(492
|
)
|
|
|
(183
|
)
|
|
|
(53
|
)
|
|
|
(728
|
)
|
|
Operating loss
|
|
|
(1,484
|
)
|
|
|
(422
|
)
|
|
|
(2,193
|
)
|
|
|
(4,099
|
)
|
|
Depreciation and amortization expense
|
|
|
1,155
|
|
|
|
—
|
|
|
|
77
|
|
|
|
1,232
|
|
|
Capital expenditures
|
|
|
1,143
|
|
|
|
—
|
|
|
|
179
|
|
|
|
1,322
|
|
|
Total assets(1)
|
|
|
71,509
|
|
|
|
16,632
|
|
|
|
72,670
|
|
|
|
160,811
|
|
|
|
|
Six Months Ended June 30, 2020
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
60,049
|
|
|
$
|
10,585
|
|
|
$
|
(967
|
)
|
|
$
|
69,667
|
|
|
Gross profit (loss)
|
|
|
446
|
|
|
|
(1,524
|
)
|
|
|
(118
|
)
|
|
|
(1,196
|
)
|
|
Operating income (loss)
|
|
|
8,579
|
|
|
|
(2,089
|
)
|
|
|
(4,334
|
)
|
|
|
2,156
|
|
|
Depreciation and amortization expense
|
|
|
2,480
|
|
|
|
—
|
|
|
|
152
|
|
|
|
2,632
|
|
|
Capital expenditures
|
|
|
1,824
|
|
|
|
—
|
|
|
|
179
|
|
|
|
2,003
|
|
|
Total assets(1)
|
|
|
71,509
|
|
|
|
16,632
|
|
|
|
72,670
|
|
|
|
160,811
|
|
__________________
|
|
(1)
|
Cash and short-term investments are reported within our Corporate Division.
|
|