| Summarized Segment Financial Information |
Summarized financial information concerning our divisions as of and for the three and six months ended June 30, 2018, and 2017, is as follows (in thousands):
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Three Months Ended June 30, 2018 |
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Fabrication |
Shipyard |
Services |
EPC |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
8,590 |
|
$ |
23,620 |
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$ |
22,205 |
|
$ |
882 |
|
$ |
— |
|
$ |
(1,283 |
) |
$ |
54,014 |
|
Gross profit (loss) |
(1,667 |
) |
(2,776 |
) |
3,585 |
|
543 |
|
(384 |
) |
— |
|
(699 |
) |
Operating income (loss) |
(3,227 |
) |
(3,374 |
) |
2,823 |
|
58 |
|
(2,681 |
) |
— |
|
(6,401 |
) |
Total assets (1)
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101,498 |
|
88,305 |
|
35,197 |
|
888 |
|
30,801 |
|
— |
|
256,689 |
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Depreciation and amortization expense |
1,047 |
|
1,051 |
|
383 |
|
— |
|
130 |
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— |
|
2,611 |
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Capital expenditures |
— |
|
653 |
|
98 |
|
— |
|
69 |
|
— |
|
820 |
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Three Months Ended June 30, 2017 |
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Fabrication |
Shipyard |
Services |
EPC |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
13,990 |
|
$ |
18,303 |
|
$ |
15,396 |
|
— |
|
$ |
— |
|
$ |
(1,821 |
) |
$ |
45,868 |
|
Gross profit (loss) |
1,931 |
|
(13,851 |
) |
390 |
|
— |
|
(90 |
) |
— |
|
(11,620 |
) |
Operating income (loss) |
1,098 |
|
(14,834 |
) |
(257 |
) |
— |
|
(2,267 |
) |
— |
|
(16,260 |
) |
Total assets (1)
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164,211 |
|
98,393 |
|
30,592 |
|
— |
|
14,390 |
|
— |
|
307,586 |
|
Depreciation and amortization expense |
1,152 |
|
995 |
|
422 |
|
— |
|
207 |
|
— |
|
2,776 |
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Capital expenditures |
746 |
|
546 |
|
106 |
|
— |
|
35 |
|
— |
|
1,433 |
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Six Months Ended June 30, 2018 |
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Fabrication |
Shipyard |
Services |
EPC |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
25,860 |
|
$ |
42,185 |
|
$ |
44,075 |
|
$ |
955 |
|
$ |
— |
|
$ |
(1,771 |
) |
$ |
111,304 |
|
Gross profit (loss) |
(1,886 |
) |
(3,799 |
) |
6,199 |
|
235 |
|
(769 |
) |
— |
|
(20 |
) |
Operating income (loss) |
(4,821 |
) |
(5,192 |
) |
4,703 |
|
(667 |
) |
(5,204 |
) |
— |
|
(11,181 |
) |
Total assets (1)
|
101,498 |
|
88,305 |
|
35,197 |
|
888 |
|
30,801 |
|
— |
|
256,689 |
|
Depreciation and amortization expense |
2,196 |
|
2,120 |
|
776 |
|
— |
|
268 |
|
— |
|
5,360 |
|
Capital expenditures |
— |
|
659 |
|
163 |
|
— |
|
69 |
|
— |
|
891 |
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Six Months Ended June 30, 2017 |
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Fabrication |
Shipyard |
Services |
EPC |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
24,199 |
|
$ |
36,724 |
|
$ |
26,107 |
|
$ |
— |
|
$ |
— |
|
$ |
(3,170 |
) |
$ |
83,860 |
|
Gross profit (loss) |
(1,034 |
) |
(15,556 |
) |
423 |
|
— |
|
(351 |
) |
— |
|
(16,518 |
) |
Operating loss |
(2,688 |
) |
(17,892 |
) |
(890 |
) |
— |
|
(4,007 |
) |
— |
|
(25,477 |
) |
Total assets (1)
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164,211 |
|
98,393 |
|
30,592 |
|
— |
|
14,390 |
|
— |
|
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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1) Intercompany balances have been excluded.
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