Business Segment Information

3 Months Ended

Mar. 31, 2018

Segment Reporting, Measurement Disclosures [Abstract]

Business Segment Information

BUSINESS SEGMENT INFORMATION

We are a global provider of engineered services and products, primarily to the offshore energy industry. Through the use of our applied technology expertise, we also serve the defense, aerospace and commercial theme park industries. Our Energy Services and Products business consists of Remotely Operated Vehicles ("ROVs"), Subsea Products, Subsea Projects and Asset Integrity. Our ROV segment provides submersible vehicles operated from the surface to support offshore energy exploration, development and production activities. Our Subsea Products segment supplies a variety of specialty subsea hardware and related services. Our Subsea Projects segment provides multiservice subsea support vessels and offshore diving and support vessel operations, primarily for inspection, maintenance and repair and installation activities. We have also provided survey, autonomous underwater vehicle and satellite-positioning services. Our Asset Integrity segment provides asset integrity management and assessment services, nondestructive testing and inspection. Our Advanced Technologies business provides project management, engineering services and equipment for applications in non-energy markets. Unallocated Expenses are those not associated with a specific business segment. These consist of expenses related to our incentive and deferred compensation plans, including restricted stock and bonuses, as well as other general expenses, including corporate administrative expenses.

There are no differences in the basis of segmentation or in the basis of measurement of segment profit or loss from those used in our consolidated financial statements for the year ended December 31, 2017.

The table that follows presents Revenue, Income (Loss) from Operations and Depreciation and Amortization by business segment for each of the periods indicated.

	Three Months Ended
(in thousands)	Mar 31, 2018			Mar 31, 2017			Dec 31, 2017
Revenue
Energy Services and Products
Remotely Operated Vehicles	$	85,594		$	94,022		$	91,584
Subsea Products	126,688			150,639			156,398
Subsea Projects	56,860			62,956			73,376
Asset Integrity	61,288			52,658			64,830
Total Energy Services and Products	330,430			360,275			386,188
Advanced Technologies	85,983			85,901			97,987
Total	$	416,413		$	446,176		$	484,175
Income (Loss) from Operations
Energy Services and Products
Remotely Operated Vehicles	$	(2,398	)	$	5,925		$	1,056
Subsea Products	1,755			11,483			11,121
Subsea Projects	(2,359		)	187			580
Asset Integrity	1,679			2,267			2,159
Total Energy Services and Products	(1,323		)	19,862			14,916
Advanced Technologies	1,668			5,026			2,779
Unallocated Expenses	(27,494		)	(25,038		)	(26,810		)
Total	$	(27,149	)	$	(150	)	$	(9,115	)
Depreciation and Amortization
Energy Services and Products
Remotely Operated Vehicles	$	27,642		$	29,229		$	27,445
Subsea Products	14,025			12,999			13,437
Subsea Projects	8,313			8,080			8,127
Asset Integrity	1,848			1,460			2,336
Total Energy Services and Products	51,828			51,768			51,345
Advanced Technologies	766			797			794
Unallocated Expenses	1,534			1,098			900
Total	$	54,128		$	53,663		$	53,039

We determine Income (Loss) from Operations for each business segment before interest income or expense, Other income (expense) and Provision for income taxes. We do not consider an allocation of these items to be practical. Our Equity in earnings (losses) of unconsolidated affiliates is part of our Subsea Projects segment.