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

Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited) - Summary of Statement of Operations (Details)

Quarterly Financial Information (Unaudited) - Summary of Statement of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Quarterly Financial Information Disclosure [Line Items]
Cost of revenue			$ 23,760				$ 125,596
Cost of revenue	$ 19,722	$ 23,047		$ 46,807	$ 66,529	$ 91,788	125,596
Gross profit (loss)			25
Gross profit (loss) from continuing operations, as adjusted	(135)	1,221		1,246	1,111	1,664	(7,867)
General and administrative expense			2,787				12,725
General and administrative expense	3,211	3,088		5,875	9,086	11,848	12,725
Operating loss			(2,233)				(13,903)
Operating loss	(3,606)	(1,487)		(3,720)	(7,326)	(13,484)	(13,903)
Income/loss before income taxes			(2,427)				(14,171)
Income/loss before income taxes	5,397	(1,582)		(4,009)	1,388	(4,820)	(14,171)
Loss from continuing operations	5,388	(1,578)		(3,994)	1,394	(4,796)	(14,119)
Net loss	$ 5,388	$ (2,829)	$ (18,537)	$ (21,366)	$ (15,978)	$ (22,168)	$ (27,426)
Basic and diluted loss from continuing operations	$ 0.35	$ (0.10)		$ (0.26)	$ 0.09	$ (0.31)	$ (0.92)
Basic and diluted loss per share	$ 0.35	$ (0.18)	$ (1.20)	$ (1.38)	$ (1.03)	$ (1.43)	$ (1.79)
As Previously Reported
Quarterly Financial Information Disclosure [Line Items]
Cost of revenue			$ 51,370				$ 268,710
Cost of revenue	$ 19,785	$ 23,164		$ 47,028	$ 66,813
Gross profit (loss)			7,581
Gross profit (loss) from continuing operations, as adjusted	(198)	1,104		1,025	827
General and administrative expense			3,127				13,858
General and administrative expense	3,224	3,093		5,880	9,104
Operating loss			(18,458)				(27,159)
Operating loss	(3,682)	(1,609)		(3,946)	(7,628)		(27,159)
Income/loss before income taxes			(18,652)				(27,427)
Income/loss before income taxes	5,321	(1,704)		(4,235)	1,086
Loss from continuing operations	5,312	(1,700)		(4,220)	1,092
Net loss	$ 5,312	$ (2,951)	$ (18,641)	$ (21,592)	$ (16,280)		(27,375)
Basic and diluted loss from continuing operations	$ 0.34	$ (0.11)		$ (0.27)	$ 0.07
Basic and diluted loss per share	$ 0.34	$ (0.19)	$ (1.21)	$ (1.40)	$ (1.05)
Corrections
Quarterly Financial Information Disclosure [Line Items]
Cost of revenue			$ (104)				(242)
Cost of revenue	$ (63)	$ (117)		$ (221)	$ (284)
Gross profit (loss)			104
Gross profit (loss) from continuing operations, as adjusted	63	117		221	284
General and administrative expense							293
General and administrative expense	(13)	(5)		(5)	(18)
Operating loss			104				(51)
Operating loss	76	122		226	302		(51)
Income/loss before income taxes			104				(51)
Income/loss before income taxes	76	122		226	302
Loss from continuing operations	76	122		226	302
Net loss	$ 76	$ 122	$ 104	$ 226	$ 302		(51)
Basic and diluted loss from continuing operations	$ 0.01	$ 0.01		$ 0.01	$ 0.02
Basic and diluted loss per share	$ 0.01	$ 0.01	$ 0.01	$ 0.02	$ 0.02
As Adjusted Prior to Recast
Quarterly Financial Information Disclosure [Line Items]
Cost of revenue			$ 51,266				268,468
Gross profit (loss)			7,685
General and administrative expense			3,127				14,151
Operating loss			(18,354)				(27,210)
Operating loss							(27,210)
Income/loss before income taxes			(18,548)				(27,478)
Net loss			$ (18,537)				(27,426)
Basic and diluted loss per share			$ (1.20)
Recast
Quarterly Financial Information Disclosure [Line Items]
Cost of revenue			$ (27,506)				(142,872)
Gross profit (loss)			(7,660)
General and administrative expense			(340)				(1,426)
Operating loss			16,121				13,307
Income/loss before income taxes			$ 16,121				$ 13,307