Segment Information

9 Months Ended

Sep. 30, 2019

17.Segment Information

The Company currently operates in two reportable segments: marine and concrete. 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. The Company 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,
		2019		2018		2019		2018
Marine
Contract revenues	$	107,404	$	63,479	$	257,914	$	206,967
Operating income (loss)	$	4,863	$	(5,559)	$	(1,584)	$	4,348
Depreciation and amortization expense	$	(4,960)	$	(4,746)	$	(14,975)	$	(14,772)

Total assets	$	252,995	$	269,501	$	252,995	$	269,501
Property, plant and equipment, net	$	117,071	$	125,231	$	117,071	$	125,231

Concrete
Contract revenues	$	92,103	$	61,594	$	250,683	$	214,715
Operating (loss) income	$	1,229	$	(1,846)	$	1,076	$	(94)
Depreciation and amortization expense	$	(2,120)	$	(2,176)	$	(6,367)	$	(6,362)

Total assets	$	124,112	$	155,247	$	124,112	$	155,247
Property, plant and equipment, net	$	16,985	$	19,156	$	16,985	$	19,156

Intersegment revenues between the Company’s two reportable segments for the three and nine months ended September 30, 2019 were $0.3 million and $0.5 million, respectively. Intersegment revenues between the Company’s two reportable segments for the three and nine months ended September 30, 2018 were less than $0.1 million and $2.4 million, respectively. The marine segment had foreign revenues of approximately $4.6 million and $2.0 million for the three months ended September 30, 2019 and 2018, respectively, and $7.5 million and $10.3 million for the nine months ended September 30, 2019 and 2018, respectively. These revenues are derived from projects in the Caribbean Basin and are paid in U.S. dollars. There was no foreign revenue for the concrete segment.