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Business Segment Information
6 Months Ended
Jun. 30, 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
 
Six Months Ended
(in thousands)
 
Jun 30, 2018
 
Jun 30, 2017
 
Mar 31, 2018
 
Jun 30, 2018
 
Jun 30, 2017
Revenue
 
 
 
 
 
 
 
 
 
 
Energy Services and Products
 
 
 
 
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
107,426

 
$
103,432

 
$
85,594

 
$
193,020

 
$
197,454

Subsea Products
 
121,704

 
174,893

 
126,688

 
248,392

 
325,532

Subsea Projects
 
78,036

 
75,545

 
56,860

 
134,896

 
138,501

Asset Integrity
 
67,422

 
58,192

 
61,288

 
128,710

 
110,850

Total Energy Services and Products
 
374,588

 
412,062

 
330,430

 
705,018

 
772,337

Advanced Technologies
 
104,086

 
102,974

 
85,983

 
190,069

 
188,875

Total
 
$
478,674

 
$
515,036

 
$
416,413

 
$
895,087

 
$
961,212

Income (Loss) from Operations
 
 
 
 
 
 
 
 
 
 
Energy Services and Products
 
 
 
 
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
4,542

 
$
10,376

 
$
(2,398
)
 
$
2,144

 
$
16,301

Subsea Products
 
2,295

 
10,552

 
1,755

 
4,050

 
22,035

Subsea Projects
 
(10,358
)
 
3,000

 
(2,359
)
 
(12,717
)
 
3,187

Asset Integrity
 
3,357

 
3,755

 
1,679

 
5,036

 
6,022

Total Energy Services and Products
 
(164
)
 
27,683

 
(1,323
)
 
(1,487
)
 
47,545

Advanced Technologies
 
7,886

 
7,632

 
1,668

 
9,554

 
12,658

Unallocated Expenses
 
(27,359
)
 
(25,925
)
 
(27,494
)
 
(54,853
)
 
(50,963
)
Total
 
$
(19,637
)
 
$
9,390

 
$
(27,149
)
 
$
(46,786
)
 
$
9,240

Depreciation and Amortization
 
 
 
 
 
 
 
 
 
 
Energy Services and Products
 
 
 
 
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
28,269

 
$
29,036

 
$
27,642

 
$
55,911

 
$
58,265

Subsea Products
 
14,914

 
12,785

 
14,025

 
28,939

 
25,784

Subsea Projects
 
13,053

 
7,781

 
8,313

 
21,366

 
15,861

Asset Integrity
 
1,836

 
1,780

 
1,848

 
3,684

 
3,240

Total Energy Services and Products
 
58,072

 
51,382

 
51,828

 
109,900

 
103,150

Advanced Technologies
 
737

 
784

 
766

 
1,503

 
1,581

Unallocated Expenses
 
1,034

 
1,138

 
1,534

 
2,568

 
2,236

Total
 
$
59,843

 
$
53,304

 
$
54,128

 
$
113,971

 
$
106,967


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.