| Summarized Segment Financial Information |
Summarized financial information concerning our segments as of and for the three months ended March 31, 2017 and 2016, is as follows (in thousands):
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Three Months Ended March 31, 2017 |
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Fabrication |
Shipyards (1)
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Services |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
10,209 |
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$ |
18,422 |
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$ |
10,712 |
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$ |
— |
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$ |
(1,350 |
) |
$ |
37,993 |
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Gross profit (loss) |
(2,966 |
) |
(1,704 |
) |
33 |
|
(260 |
) |
— |
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(4,897 |
) |
Operating income (loss) |
(3,787 |
) |
(3,057 |
) |
(633 |
) |
(1,739 |
) |
— |
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(9,216 |
) |
Total assets |
197,834 |
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88,489 |
|
95,562 |
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349,917 |
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(427,142 |
) |
304,660 |
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Depreciation and amortization expense |
3,135 |
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1,009 |
|
432 |
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124 |
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— |
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4,700 |
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Capital expenditures |
102 |
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272 |
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— |
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17 |
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— |
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391 |
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Three Months Ended March 31, 2016 |
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Fabrication |
Shipyards (1)
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Services |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
23,829 |
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$ |
34,120 |
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$ |
26,559 |
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$ |
— |
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$ |
(529 |
) |
$ |
83,979 |
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Gross profit (loss) |
86 |
|
2,375 |
|
3,376 |
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(136 |
) |
— |
|
5,701 |
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Operating income (loss) |
(709 |
) |
1,079 |
|
2,650 |
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(1,804 |
) |
— |
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1,216 |
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Total assets |
293,049 |
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85,638 |
|
93,283 |
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347,434 |
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(480,236 |
) |
339,168 |
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Depreciation and amortization expense |
4,855 |
|
1,166 |
|
442 |
|
104 |
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— |
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6,567 |
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Capital expenditures |
109 |
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35 |
|
543 |
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37 |
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— |
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724 |
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____________
(1)
Revenue for the three months ended March 31, 2017 and 2016, includes $1.6 million and $1.2 million of non-cash amortization of deferred revenue, respectively, related to the values assigned to contracts acquired in the LEEVAC transaction.
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