Segment Information

12 Months Ended

Dec. 31, 2022

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 December 31,
	2022		2021		2020
Marine
Contract revenues	$	339,213	$	263,915	$	388,173
Operating income		9,787		5,760		29,815
Depreciation and amortization expense		(16,592)		(17,287)		(18,369)
Total assets	$	239,369	$	236,773	$
Property and equipment, net		91,390		93,383
Concrete
Contract revenues	$	409,109	$	337,445	$	321,769
Operating loss		(17,817)		(15,077)		(3,229)
Depreciation and amortization expense		(7,465)		(8,143)		(8,848)
Total assets	$	127,786	$	114,977	$
Property and equipment, net		9,587		13,271

There was $0.2 million in intersegment revenues between the Company’s two reportable segments for the year ended December 31, 2022. There was less than $0.1 million in intersegment revenues between the Company’s two reportable segments for the year ended December 31, 2021. The marine segment had foreign revenues of $6.7 million and $2.9. million, respectively, for the years ended December 31, 2022 and 2021. 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.