Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Information

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. 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,
		2020		2019		2020		2019
Marine
Contract revenues	$	91,719	$	89,023	$	177,668	$	150,510
Operating income (loss)	$	596	$	9	$	3,451	$	(6,447)
Depreciation and amortization expense	$	(4,744)	$	(5,069)	$	(9,520)	$	(10,015)
Total assets	$	233,326	$	236,917	$	233,326	$	236,917
Property, plant and equipment, net	$	111,416	$	117,262	$	111,416	$	117,262
Concrete
Contract revenues	$	91,994	$	76,962	$	172,665	$	158,580
Operating (loss) income	$	3,488	$	(432)	$	4,998	$	(153)
Depreciation and amortization expense	$	(2,260)	$	(2,153)	$	(4,376)	$	(4,247)
Total assets	$	138,095	$	125,872	$	138,095	$	125,872
Property, plant and equipment, net	$	15,555	$	17,783	$	15,555	$	17,783

There were $0.4 million and $2.7 million in intersegment revenues between the Company’s two reportable segments for the three and six months ended June 30, 2020, respectively. There were $0.2 million and $0.1 million in intersegment revenues between the Company’s two reportable segments for the three and six months ended June 30, 2019, respectively. The marine segment had foreign revenues of $3.9 million and $2.4 million for the three months ended June 30, 2020 and 2019, respectively, and $7.9 million and $2.9 million for the six months ended June 30, 2020 and 2019, respectively. These revenues are derived from projects in the Caribbean Basin and Mexico and are paid primarily in U.S. dollars. There was no foreign revenue for the concrete segment.