Segment Information

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Segment Information

8.Segment information

The Company and its subsidiaries currently operate in two reportable segments: dredging and demolition. The Company’s financial reporting systems present various data for management to run the business, including profit and loss statements prepared according to the segments presented. Management uses operating income to evaluate performance between the two segments. Segment information for the periods presented is provided as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Dredging
Contract revenues	$	134,772	$	125,085	$	257,133	$	261,682
Operating income		12,974		13,594		17,873		31,415
Demolition
Contract revenues	$	31,760	$	29,874	$	64,306	$	48,615
Operating income (loss)		(448)		(4,937)		1,439		(7,147)
Total
Contract revenues	$	166,532	$	154,959	$	321,439	$	310,297
Operating income		12,526		8,657		19,312		24,268

Dredging contract revenues for the three and six months ended June 30, 2012 are net of $62 and $1,374 in intersegment revenues. Demolition contract revenues for both the three and six months ended June 30, 2012 are net of $75 in intersegment revenues. In addition, foreign dredging revenue of $20,848 and $38,873 for the three and six months ended June 30, 2012, respectively, and $16,065 and $37,936 for the three and six months ended June 30, 2011, respectively, was primarily attributable to work done in the Middle East.

The majority of the Company’s long-lived assets are marine vessels and related equipment. At any point in time, the Company may employ certain assets outside of the U.S., as needed, to perform work on the Company’s foreign projects.