Segment Information

3 Months Ended

Mar. 31, 2023

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
	March 31,
		2023		2022
Marine
Contract revenues	$	79,298	$	84,480
Operating (loss) income	$	(6,080)	$	1,840
Depreciation and amortization expense	$	(3,835)	$	(4,323)
Total assets	$	231,851	$	173,577
Property and equipment, net	$	88,957	$	92,725
Concrete
Contract revenues	$	79,876	$	90,451
Operating loss	$	(4,563)	$	(4,695)
Depreciation and amortization expense	$	(1,611)	$	(1,940)
Total assets	$	112,336	$	167,299
Property and equipment, net	$	8,350	$	12,249

There were less than $0.1 million and no intersegment revenues between the Company’s two reportable segments for the three months ended March 31, 2023 and 2022, respectively. The marine segment had foreign revenues of $2.8 million and $0.7 million for the three months ended March 31, 2023 and 2022, respectively. These revenues are derived from projects in the Caribbean Basin and are paid primarily in U.S. dollars. There was no foreign revenue for the concrete segment.