Segment Information

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Information

18.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:

	Year Ended		Year Ended
	December 31, 2020		December 31, 2019
Marine
Contract revenues	$	388,173	$	369,138
Operating income		16,935		1,057
Depreciation and amortization expense		(18,369)		(19,889)
Total assets	$	290,372	$	264,681
Property and equipment, net		109,298		114,873
Concrete
Contract revenues	$	321,769	$	339,252
Operating income		9,651		1,136
Depreciation and amortization expense		(8,848)		(8,519)
Total assets	$	123,817	$	130,163
Property and equipment, net		16,199		17,475

There were $2.8 million in intersegment revenues between the Company’s two reportable segments for the year ended December 31, 2020. There were $1.2 million in intersegment revenues between the Company’s two reportable segments for the year ended December 31, 2019. The marine segment had foreign revenues of $12.5 million and $11.4. million, respectively, for the years ended December 31, 2020 and 2019. 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.