Segment Information

6 Months Ended

Jun. 30, 2022

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,
		2022		2021		2022		2021
Marine
Contract revenues	$	82,319	$	63,942	$	166,799	$	136,088
Operating income	$	2,516	$	8,606	$	4,356	$	11,454
Depreciation and amortization expense	$	(4,236)	$	(4,322)	$	(8,559)	$	(8,680)
Total assets	$	219,138	$	253,658	$	219,138	$	253,658
Property and equipment, net	$	92,813	$	90,961	$	92,813	$	90,961
Concrete
Contract revenues	$	112,256	$	81,933	$	202,707	$	163,096
Operating loss	$	(5,364)	$	(3,040)	$	(10,059)	$	(3,833)
Depreciation and amortization expense	$	(1,862)	$	(2,107)	$	(3,802)	$	(4,235)
Total assets	$	132,344	$	129,547	$	132,344	$	129,547
Property and equipment, net	$	11,494	$	13,956	$	11,494	$	13,956

There were $0.1 million and less than $0.1 million in intersegment revenues between the Company’s two reportable segments for the three months ended June 30, 2022 and 2021, respectively. There were $0.1 million and less than $0.1 million in intersegment revenues between the Company’s two reportable segments for the six months ended June 30, 2022 and 2021, respectively. The marine segment had foreign revenues of $1.9 million and $0.4 million for the three months ended June 30, 2022 and 2021, respectively. The marine segment had foreign revenues of $2.6 million and $2.8 million for the six months ended June 30, 2022 and 2021, 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.