Segment Information

9 Months Ended

Sep. 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				Nine months ended
	September 30,				September 30,
		2020		2019		2020		2019
Marine
Contract revenues	$	112,881	$	107,404	$	290,549	$	257,914
Operating income (loss)	$	8,992	$	4,863	$	12,443	$	(1,584)
Depreciation and amortization expense	$	(4,543)	$	(4,960)	$	(14,063)	$	(14,975)
Total assets	$	258,894	$	252,995	$	258,894	$	252,995
Property, plant and equipment, net	$	109,522	$	117,071	$	109,522	$	117,071
Concrete
Contract revenues	$	76,552	$	92,103	$	249,217	$	250,683
Operating (loss) income	$	4,093	$	1,229	$	9,091	$	1,076
Depreciation and amortization expense	$	(2,223)	$	(2,120)	$	(6,599)	$	(6,367)
Total assets	$	123,626	$	124,112	$	123,626	$	124,112
Property, plant and equipment, net	$	16,389	$	16,985	$	16,389	$	16,985

There were less than $0.1 million and $2.7 million in intersegment revenues between the Company’s two reportable segments for the three and nine months ended September 30, 2020, respectively. There were $0.3 million and $0.5 million in intersegment revenues between the Company’s two reportable segments for the three and nine months ended September 30, 2019, respectively. The marine segment had foreign revenues of $1.8 million and $4.6 million for the three months ended September 30, 2020 and 2019, respectively, and $9.7 million and $7.5 million for the nine months ended September 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.