| Summarized Segment Financial Information |
Summarized financial information concerning our segments as of and for the three and six months ended June 30, 2017 and 2016, is as follows (in thousands):
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Three Months Ended June 30, 2017 |
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Fabrication |
Shipyards (1)
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Services |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
13,990 |
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$ |
18,303 |
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$ |
15,396 |
|
$ |
— |
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$ |
(1,821 |
) |
$ |
45,868 |
|
Gross profit (loss) |
1,931 |
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(13,851 |
) |
390 |
|
(90 |
) |
— |
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(11,620 |
) |
Operating income (loss) |
1,098 |
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(14,834 |
) |
(257 |
) |
(2,267 |
) |
— |
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(16,260 |
) |
Total assets |
201,284 |
|
57,905 |
|
98,367 |
|
259,175 |
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(309,145 |
) |
307,586 |
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Depreciation and amortization expense |
1,152 |
|
994 |
|
421 |
|
209 |
|
— |
|
2,776 |
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Capital expenditures |
746 |
|
546 |
|
106 |
|
35 |
|
— |
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1,433 |
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Three Months Ended June 30, 2016 |
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Fabrication |
Shipyards (1)
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Services |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
24,296 |
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$ |
29,373 |
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$ |
28,692 |
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$ |
— |
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$ |
(859 |
) |
$ |
81,502 |
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Gross profit (loss) |
3,877 |
|
5,423 |
|
4,864 |
|
(98 |
) |
— |
|
14,066 |
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Operating income (loss) |
2,747 |
|
3,963 |
|
4,064 |
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(1,770 |
) |
— |
|
9,004 |
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Total assets |
290,910 |
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81,874 |
|
100,197 |
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334,946 |
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(465,896 |
) |
342,031 |
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Depreciation and amortization expense |
4,589 |
|
1,161 |
|
456 |
|
105 |
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— |
|
6,311 |
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Capital expenditures |
1,201 |
|
181 |
|
505 |
|
679 |
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— |
|
2,566 |
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Six months ended June 30, 2017 |
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Fabrication |
Shipyards (1)
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Services |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
24,199 |
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$ |
36,724 |
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$ |
26,107 |
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$ |
— |
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$ |
(3,170 |
) |
$ |
83,860 |
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Gross profit (loss) |
(1,034 |
) |
(15,556 |
) |
423 |
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(351 |
) |
— |
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(16,518 |
) |
Operating income (loss) |
(2,688 |
) |
(17,892 |
) |
(890 |
) |
(4,007 |
) |
— |
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(25,477 |
) |
Total assets |
201,284 |
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57,905 |
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98,367 |
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259,175 |
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(309,145 |
) |
307,586 |
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Depreciation and amortization expense |
4,287 |
|
2,004 |
|
854 |
|
331 |
|
— |
|
7,476 |
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Capital expenditures |
848 |
|
818 |
|
106 |
|
52 |
|
— |
|
1,824 |
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Six months ended June 30, 2016 |
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Fabrication |
Shipyards (1)
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Services |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
48,125 |
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$ |
63,493 |
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$ |
55,251 |
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$ |
— |
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$ |
(1,388 |
) |
$ |
165,481 |
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Gross profit (loss) |
3,964 |
|
7,797 |
|
8,240 |
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(234 |
) |
— |
|
19,767 |
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Operating income (loss) |
2,028 |
|
5,047 |
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6,721 |
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(3,576 |
) |
— |
|
10,220 |
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Total assets |
290,910 |
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81,874 |
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100,197 |
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334,946 |
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(465,896 |
) |
342,031 |
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Depreciation and amortization expense |
9,444 |
|
2,327 |
|
898 |
|
209 |
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— |
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12,878 |
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Capital expenditures |
1,311 |
|
216 |
|
1,047 |
|
716 |
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— |
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3,290 |
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____________
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(1) |
Revenue includes non-cash amortization of deferred revenue related to the values assigned to contracts acquired in the LEEVAC transaction of $335,000 and $1.5 million for the three months ended June 30, 2017 and 2016 and $1.9 million and $2.7 million for the six months ended June 30, 2017 and 2016, respectively.
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