| Summary of Impairments and (Gain) Loss on Assets Held for Sale |
Impairments and (gain) loss on assets held for sale – Impairments and (gain) loss on assets held for sale (“AHFS”) generally represents asset impairments, gains or losses on the sale of assets held for sale and certain nonrecurring items. A summary of our impairments and (gain) loss on assets held for sale for 2020, 2019 and 2018, is as follows:
|
|
|
Year Ended December 31, 2020
|
|
|
Impairments and (gain) loss on assets held for sale
|
|
Shipyard
|
|
|
F&S
|
|
|
Corporate
|
|
|
Total
|
|
|
Impairments of AHFS
|
|
$
|
—
|
|
|
$
|
1,400
|
|
|
$
|
—
|
|
|
$
|
1,400
|
|
|
Impairments of Jennings Yard assets
|
|
|
29
|
|
|
|
—
|
|
|
|
—
|
|
|
|
29
|
|
|
Impairments of Lake Charles Yard assets
|
|
|
1,006
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,006
|
|
|
Impairments of other assets
|
|
|
6
|
|
|
|
868
|
|
|
|
—
|
|
|
|
874
|
|
|
Loss on AHFS and other
|
|
|
598
|
|
|
|
223
|
|
|
|
—
|
|
|
|
821
|
|
|
Total
|
|
$
|
1,639
|
|
|
$
|
2,491
|
|
|
$
|
—
|
|
|
$
|
4,130
|
|
|
|
|
Year Ended December 31, 2019
|
|
|
Impairments and (gain) loss on assets held for sale
|
|
Shipyard
|
|
|
F&S
|
|
|
Corporate
|
|
|
Total
|
|
|
Impairments of AHFS
|
|
$
|
324
|
|
|
$
|
7,842
|
|
|
$
|
—
|
|
|
$
|
8,166
|
|
|
Impairments of assets removed from AHFS
|
|
|
—
|
|
|
|
1,060
|
|
|
|
—
|
|
|
|
1,060
|
|
|
Impairments of Jennings Yard assets
|
|
|
4,578
|
|
|
|
—
|
|
|
|
—
|
|
|
|
4,578
|
|
|
Impairments of Lake Charles Yard assets
|
|
|
2,998
|
|
|
|
—
|
|
|
|
—
|
|
|
|
2,998
|
|
|
Impairments of inventory and other assets
|
|
|
—
|
|
|
|
400
|
|
|
|
21
|
|
|
|
421
|
|
|
(Gain) loss on AHFS and other
|
|
|
20
|
|
|
|
(369
|
)
|
|
|
654
|
|
|
|
305
|
|
|
Total
|
|
$
|
7,920
|
|
|
$
|
8,933
|
|
|
$
|
675
|
|
|
$
|
17,528
|
|
|
|
|
Year Ended December 31, 2018
|
|
|
Impairments and (gain) loss on assets held for sale
|
|
Shipyard
|
|
|
F&S
|
|
|
Corporate
|
|
|
Total
|
|
|
Gain on sale of South Texas Properties, net
|
|
$
|
—
|
|
|
$
|
(7,724
|
)
|
|
$
|
—
|
|
|
$
|
(7,724
|
)
|
|
Impairments of AHFS
|
|
|
964
|
|
|
|
1,387
|
|
|
|
—
|
|
|
|
2,351
|
|
|
Impairments of inventory and other assets
|
|
|
—
|
|
|
|
2,094
|
|
|
|
—
|
|
|
|
2,094
|
|
|
Gain from insurance proceeds
|
|
|
—
|
|
|
|
(3,571
|
)
|
|
|
—
|
|
|
|
(3,571
|
)
|
|
Total
|
|
$
|
964
|
|
|
$
|
(7,814
|
)
|
|
$
|
—
|
|
|
$
|
(6,850
|
)
|
|
| Summary of Assets Held for Sale |
A summary of our assets held for sale at December 31, 2020 and 2019, is as follows (in thousands):
|
|
|
December 31,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
Assets
|
|
Shipyard
|
|
|
F&S
|
|
|
Total
|
|
|
Shipyard
|
|
|
F&S
|
|
|
Total
|
|
|
Machinery and equipment
|
|
$
|
3,619
|
|
|
$
|
12,780
|
|
|
$
|
16,399
|
|
|
$
|
—
|
|
|
$
|
17,618
|
|
|
$
|
17,618
|
|
|
Accumulated depreciation
|
|
|
(1,605
|
)
|
|
|
(6,580
|
)
|
|
|
(8,185
|
)
|
|
|
—
|
|
|
|
(8,612
|
)
|
|
$
|
(8,612
|
)
|
|
Total assets held for sale
|
|
$
|
2,014
|
|
|
$
|
6,200
|
|
|
$
|
8,214
|
|
|
$
|
—
|
|
|
$
|
9,006
|
|
|
$
|
9,006
|
|
|