Segment Information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Information

12. Segment information

The Company and its subsidiaries currently operate in two reportable segments: dredging and environmental & infrastructure, previously referred to as the environment & remediation segment. 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						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015
Dredging
Contract revenues	$	154,448		$	162,526		$	453,122		$	506,700
Operating income		5,553			19,598			26,762			45,587
Environmental & infrastructure
Contract revenues	$	44,565		$	60,451		$	103,437		$	131,929
Operating income (loss)		7,307			(9,906	)		(10,173	)		(29,164	)
Intersegment revenues	$	(144	)	$	(2,175	)	$	(2,379	)	$	(4,393	)
Total
Contract revenues	$	198,869		$	220,802		$	554,180		$	634,236
Operating income		12,860			9,692			16,589			16,423

Foreign dredging revenue of $21,139 and $34,331 for the three and nine months ended September 30, 2016, respectively, was attributable to work done in the Middle East. Foreign dredging revenue for the three and nine months ended September 30, 2015 was $38,042 and $127,280, respectively.

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.