| Summary of Reclassification of Previously Reported Segments |
. A summary of the reclassifications to our previously reported segment results for the three and nine months ended September 30, 2020, is as follows (in thousands):
|
|
|
Three Months Ended September 30, 2020
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Gross loss, as previously reported
|
|
$
|
(313
|
)
|
|
$
|
(7,504
|
)
|
|
$
|
—
|
|
|
$
|
(7,817
|
)
|
|
Discontinued operations(1)
|
|
|
—
|
|
|
|
7,182
|
|
|
|
—
|
|
|
|
7,182
|
|
|
Changes in expense allocations
|
|
|
(28
|
)
|
|
|
89
|
|
|
|
(61
|
)
|
|
|
—
|
|
|
Gross loss from continuing operations
|
|
$
|
(341
|
)
|
|
$
|
(233
|
)
|
|
$
|
(61
|
)
|
|
$
|
(635
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating loss, as previously reported
|
|
$
|
(1,127
|
)
|
|
$
|
(9,244
|
)
|
|
$
|
(1,868
|
)
|
|
$
|
(12,239
|
)
|
|
Discontinued operations(1)
|
|
|
—
|
|
|
|
8,035
|
|
|
|
—
|
|
|
|
8,035
|
|
|
Changes in expense allocations
|
|
|
(99
|
)
|
|
|
227
|
|
|
|
(128
|
)
|
|
|
—
|
|
|
Reclassification of legal expenses
|
|
|
—
|
|
|
|
(161
|
)
|
|
|
161
|
|
|
|
—
|
|
|
Operating loss from continuing operations
|
|
$
|
(1,226
|
)
|
|
$
|
(1,143
|
)
|
|
$
|
(1,835
|
)
|
|
$
|
(4,204
|
)
|
|
|
|
Nine months ended September 30, 2020
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Gross profit (loss), as previously reported
|
|
$
|
185
|
|
|
$
|
(9,959
|
)
|
|
$
|
—
|
|
|
$
|
(9,774
|
)
|
|
Discontinued operations(1)
|
|
|
—
|
|
|
|
7,943
|
|
|
|
—
|
|
|
|
7,943
|
|
|
Changes in expense allocations
|
|
|
(80
|
)
|
|
|
259
|
|
|
|
(179
|
)
|
|
|
—
|
|
|
Gross profit (loss) from continuing operations
|
|
$
|
105
|
|
|
$
|
(1,757
|
)
|
|
$
|
(179
|
)
|
|
$
|
(1,831
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss), as previously reported
|
|
$
|
7,644
|
|
|
$
|
(12,867
|
)
|
|
$
|
(6,506
|
)
|
|
$
|
(11,729
|
)
|
|
Discontinued operations(1)
|
|
|
—
|
|
|
|
9,681
|
|
|
|
—
|
|
|
|
9,681
|
|
|
Changes in expense allocations
|
|
|
(291
|
)
|
|
|
679
|
|
|
|
(388
|
)
|
|
|
—
|
|
|
Reclassification of legal expenses
|
|
|
—
|
|
|
|
(725
|
)
|
|
|
725
|
|
|
|
—
|
|
|
Operating income (loss) from continuing operations
|
|
$
|
7,353
|
|
|
$
|
(3,232
|
)
|
|
$
|
(6,169
|
)
|
|
$
|
(2,048
|
)
|
__________________
|
|
(1)
|
See Note 3 for as summary of the operating results constituting the loss from discontinued operations for the three and nine months ended September 30, 2021 and 2020.
|
|
| Summarized Segment Financial Information |
Summarized financial information for our segments as of and for the three and nine months ended September 30, 2021 and 2020, are as follows (in thousands):
|
|
|
Three Months Ended September 30, 2021
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
17,285
|
|
|
$
|
2,302
|
|
|
$
|
—
|
|
|
$
|
19,587
|
|
|
Gross profit (loss)
|
|
|
1,112
|
|
|
|
(1,252
|
)
|
|
|
(58
|
)
|
|
|
(198
|
)
|
|
Operating income (loss)
|
|
|
379
|
|
|
|
(1,896
|
)
|
|
|
(2,165
|
)
|
|
|
(3,682
|
)
|
|
Depreciation and amortization expense
|
|
|
985
|
|
|
|
—
|
|
|
|
82
|
|
|
|
1,067
|
|
|
Capital expenditures
|
|
|
159
|
|
|
|
—
|
|
|
|
—
|
|
|
|
159
|
|
|
Total assets(1)
|
|
|
42,621
|
|
|
|
16,769
|
|
|
|
76,486
|
|
|
|
135,876
|
|
|
|
|
Nine months ended September 30, 2021
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
57,572
|
|
|
$
|
10,561
|
|
|
$
|
(493
|
)
|
|
$
|
67,640
|
|
|
Gross profit (loss)
|
|
|
4,340
|
|
|
|
(3,289
|
)
|
|
|
(224
|
)
|
|
|
827
|
|
|
Operating income (loss)
|
|
|
2,896
|
|
|
|
(4,266
|
)
|
|
|
(6,258
|
)
|
|
|
(7,628
|
)
|
|
Depreciation and amortization expense
|
|
|
2,974
|
|
|
|
—
|
|
|
|
242
|
|
|
|
3,216
|
|
|
Capital expenditures
|
|
|
738
|
|
|
|
—
|
|
|
|
—
|
|
|
|
738
|
|
|
Total assets(1)
|
|
|
42,621
|
|
|
|
16,769
|
|
|
|
76,486
|
|
|
|
135,876
|
|
|
|
|
Three Months Ended September 30, 2020
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
18,237
|
|
|
$
|
7,515
|
|
|
$
|
(446
|
)
|
|
$
|
25,306
|
|
|
Gross loss
|
|
|
(341
|
)
|
|
|
(233
|
)
|
|
|
(61
|
)
|
|
|
(635
|
)
|
|
Operating loss
|
|
|
(1,226
|
)
|
|
|
(1,143
|
)
|
|
|
(1,835
|
)
|
|
|
(4,204
|
)
|
|
Depreciation and amortization expense
|
|
|
1,246
|
|
|
|
—
|
|
|
|
77
|
|
|
|
1,323
|
|
|
Capital expenditures
|
|
|
2,033
|
|
|
|
—
|
|
|
|
11
|
|
|
|
2,044
|
|
|
Total assets(1)
|
|
|
67,381
|
|
|
|
19,894
|
|
|
|
67,297
|
|
|
|
154,572
|
|
|
|
|
Nine months ended September 30, 2020
|
|
|
|
|
F&S
|
|
|
Shipyard
|
|
|
Corporate
|
|
|
Consolidated
|
|
|
Revenue
|
|
$
|
78,286
|
|
|
$
|
18,100
|
|
|
$
|
(1,413
|
)
|
|
$
|
94,973
|
|
|
Gross profit (loss)
|
|
|
105
|
|
|
|
(1,757
|
)
|
|
|
(179
|
)
|
|
|
(1,831
|
)
|
|
Operating income (loss)
|
|
|
7,353
|
|
|
|
(3,232
|
)
|
|
|
(6,169
|
)
|
|
|
(2,048
|
)
|
|
Depreciation and amortization expense
|
|
|
3,726
|
|
|
|
—
|
|
|
|
229
|
|
|
|
3,955
|
|
|
Capital expenditures
|
|
|
3,857
|
|
|
|
—
|
|
|
|
190
|
|
|
|
4,047
|
|
|
Total assets(1)
|
|
|
67,381
|
|
|
|
19,894
|
|
|
|
67,297
|
|
|
|
154,572
|
|
__________________
|
|
(1)
|
Cash, cash equivalents and short-term investments are reported within our Corporate Division.
|
|