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Business Segment Information
6 Months Ended
Jun. 30, 2019
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 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 also provide survey, autonomous underwater vehicle and satellite-positioning services. For the renewable energy markets, we provide seabed preparation, route clearance and trenching services for submarine cables. 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 industries. 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, 2018.

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, 2019
 
Jun 30, 2018
 
Mar 31, 2019
 
Jun 30, 2019

 
Jun 30, 2018
Revenue
 
 
 
 
 
 
 
 
 
 
Energy Services and Products
 
 
 
 
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
120,363

 
$
107,426

 
$
100,346

 
$
220,709

 
$
193,020

Subsea Products
 
138,910

 
121,704

 
128,844

 
267,754

 
248,392

Subsea Projects
 
75,104

 
78,036

 
89,728

 
164,832

 
134,896

Asset Integrity
 
61,156

 
67,422

 
60,689

 
121,845

 
128,710

Total Energy Services and Products
 
395,533

 
374,588

 
379,607

 
775,140

 
705,018

Advanced Technologies
 
100,248

 
104,086

 
114,279

 
214,527

 
190,069

Total
 
$
495,781

 
$
478,674

 
$
493,886

 
$
989,667

 
$
895,087

Income (Loss) from Operations
 
 
 
 
 
 
 
 
 
 
Energy Services and Products
 
 
 
 
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
8,688

 
$
4,542

 
$
1,418

 
$
10,106

 
$
2,144

Subsea Products
 
7,413

 
2,295

 
(476
)
 
6,937

 
4,050

Subsea Projects
 
87

 
(10,358
)
 
2,892

 
2,979

 
(12,717
)
Asset Integrity
 
(1,302
)
 
3,357

 
(713
)
 
(2,015
)
 
5,036

Total Energy Services and Products
 
14,886

 
(164
)
 
3,121

 
18,007

 
(1,487
)
Advanced Technologies
 
7,241

 
7,886

 
9,599

 
16,840

 
9,554

Unallocated Expenses
 
(31,762
)
 
(27,359
)
 
(34,434
)
 
(66,196
)
 
(54,853
)
Total
 
$
(9,635
)
 
$
(19,637
)
 
$
(21,714
)
 
$
(31,349
)
 
$
(46,786
)
Depreciation and Amortization
 
 
 
 
 
 
 
 
 
 
Energy Services and Products
 
 
 
 
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
26,871

 
$
28,269

 
$
27,990

 
$
54,861

 
$
55,911

Subsea Products
 
12,366

 
14,914

 
12,991

 
25,357

 
28,939

Subsea Projects
 
7,550

 
13,053

 
7,882

 
15,432

 
21,366

Asset Integrity
 
1,570

 
1,836

 
1,634

 
3,204

 
3,684

Total Energy Services and Products
 
48,357

 
58,072

 
50,497

 
98,854

 
109,900

Advanced Technologies
 
765

 
737

 
830

 
1,595

 
1,503

Unallocated Expenses
 
1,182

 
1,034

 
1,159

 
2,341

 
2,568

Total
 
$
50,304

 
$
59,843

 
$
52,486

 
$
102,790

 
$
113,971


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.

During the three- and six-month periods ended June 30, 2018, we recorded the write-offs of certain equipment and intangible assets associated with exiting the land survey business and equipment obsolescence of $7.6 million, attributable to each reporting segment as follows:

Remotely Operated Vehicles - $0.6 million;
Subsea Products - $1.5 million; and
Subsea Projects - $5.5 million.