Gulf Island Fabrication, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Organization and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Organization and Summary of Significant Accounting Policies (Details)

v3.10.0.1

Organization and Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jan. 01, 2019	Jan. 01, 2018
Significant Accounting Policies [Line Items]
Unapproved change order and claim revenue		$ 0	$ 0
Revenue, variable consideration, contract price reduction	$ 11,200,000	11,700,000
Prepaid contract costs	$ 0	0
Minimum
Significant Accounting Policies [Line Items]
Estimated useful life of property, plant and equipment	3 years
Maximum
Significant Accounting Policies [Line Items]
Estimated useful life of property, plant and equipment	25 years
Accounting Standards Update 2014-09
Significant Accounting Policies [Line Items]
Cumulative effect of new accounting principle					$ 400,000
Scenario, Adjustment
Significant Accounting Policies [Line Items]
Contract with customer, liability		7,600,000
Asset impairments and (gain) loss on assets held for sale, net		(300,000)
Contract liabilities		$ 7,200,000	$ (9,100,000)
Subsequent Event \| Scenario, Forecast \| Accounting Standards Update 2016-02 \| Minimum
Significant Accounting Policies [Line Items]
Operating lease, right-of-use asset				$ 4,000,000
Operating lease, liability				4,000,000
Subsequent Event \| Scenario, Forecast \| Accounting Standards Update 2016-02 \| Maximum
Significant Accounting Policies [Line Items]
Operating lease, right-of-use asset				6,000,000
Operating lease, liability				$ 6,000,000

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Amount of deferred costs for long-term contracts and programs. Includes, but is not limited to, initial tooling costs and deferred production costs.

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Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable.

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Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption.

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Present value of lessee's discounted obligation for lease payments from operating lease.

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Nonrecurring impairment charges related to the write-off of production-related equipment and inventory. This tag is used when an Entity charges this cost to cost of goods sold.

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Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.

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