Business Segment Information (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2020

Segment Reporting, Measurement Disclosures [Abstract]

The following table presents revenue, income (loss) from operations and depreciation and amortization expense by business segment for each of the periods indicated.


	Three Months Ended						Nine Months Ended
(in thousands)	Sep 30, 2020		Sep 30, 2019 *		Jun 30, 2020 *		Sep 30, 2020		Sep 30, 2019 *
Revenue
Energy Services and Products
Subsea Robotics	$	119,617	$	151,492	$	119,234	$	378,621	$	432,548
Manufactured Products	110,416		114,487		100,570		377,520		334,488
Offshore Projects Group	73,212		89,115		73,840		221,306		289,193
Integrity Management & Digital Solutions	53,933		65,332		53,969		172,631		198,057
Total Energy Services and Products	357,178		420,426		347,613		1,150,078		1,254,286
Aerospace and Defense Technologies	82,565		77,221		79,603		253,549		233,028
Total	$	439,743	$	497,647	$	427,216	$	1,403,627	$	1,487,314
Income (Loss) from Operations
Energy Services and Products
Subsea Robotics	$	2,127	$	15,457	$	11,662	$	(80,294)	$	33,277
Manufactured Products	(38,198)		(2,158)		3,865		(100,471)		1,070
Offshore Projects Group	(12,282)		(34)		(4,135)		(95,740)		(2,792)
Integrity Management & Digital Solutions	793		(1,721)		(1,825)		(122,567)		(3,669)
Total Energy Services and Products	(47,560)		11,544		9,567		(399,072)		27,886
Aerospace and Defense Technologies	13,097		11,709		13,430		39,498		30,214
Unallocated Expenses	(26,157)		(28,447)		(28,179)		(86,985)		(94,643)
Total	$	(60,620)	$	(5,194)	$	(5,182)	$	(446,559)	$	(36,543)
Depreciation and Amortization, including Goodwill Impairment
Energy Services and Products
Subsea Robotics	$	25,144	$	31,090	$	25,080	$	189,411	$	95,917
Manufactured Products	44,028		4,920		3,587		63,579		14,953
Offshore Projects Group	15,147		10,610		8,255		98,309		30,758
Integrity Management & Digital Solutions	866		2,087		757		125,966		6,170
Total Energy Services and Products	85,185		48,707		37,679		477,265		147,798
Aerospace and Defense Technologies	654		640		658		1,999		1,998
Unallocated Expenses	1,712		1,220		361		3,181		3,561
Total	$	87,551	$	50,567	$	38,698	$	482,445	$	153,357

* Recast to reflect segment changes.

Adjustments Table

During the three-month period ended September 30, 2020, we recorded adjustments attributable to each of our reporting segments as follows:


			For the Three Months Ended September 30, 2020
(in thousands)			Subsea Robotics		Manufactured Products		Offshore Projects Group		IMDS		ADTech		Unallocated Expenses		Total
Adjustments for the effects of:

	Long-lived assets write-offs		$	—	$	—	$	7,243	$	—	$	—	$	—	$	7,243
	Inventory write-downs		7,038		—		—		—		—		—		7,038
	Goodwill impairment		—		40,875		—		—		—		—		40,875
	Other		2,535		2,559		5,326		83		545		—		11,048
		Total of adjustments	$	9,573	$	43,434	$	12,569	$	83	$	545	$	—	$	66,204

During the nine-month period ended September 30, 2020, we recorded adjustments attributable to each of our reporting segments as follows:


			For the Nine Months Ended September 30, 2020
(in thousands)			Subsea Robotics		Manufactured Products		Offshore Projects Group		IMDS		ADTech		Unallocated Expenses		Total
Adjustments for the effects of:
	Long-lived assets impairments		$	—	$	61,074	$	7,522	$	167	$	—	$	—	$	68,763
	Long-lived assets write-offs		7,328		—		7,243		—		—		—		14,571
	Inventory write-downs		7,038		—		—		—		—		—		7,038
	Goodwill impairment		102,118		52,263		66,285		123,214		—		—		343,880
	Other		4,834		5,755		7,947		3,850		545		455		23,386
		Total of adjustments	$	121,318	$	119,092	$	88,997	$	127,231	$	545	$	455	$	457,638

Reconciliation of Assets from Segment to Consolidated

The following table presents Assets, Property and Equipment, Net and Goodwill by business segment:



(in thousands)	Sep 30, 2020		Dec 31, 2019 *
Assets
Energy Services and Products
Subsea Robotics	$	513,048	$	765,015
Manufactured Products	450,201		607,674
Offshore Projects Group	363,366		504,139
Integrity Management & Digital Solutions	84,716		236,137
Total Energy Services and Products	1,411,331		2,112,965
Aerospace and Defense Technologies	119,153		138,772
Corporate and Other	507,216		488,926
Total	$	2,037,700	$	2,740,663
Property and Equipment, Net
Energy Services and Products
Subsea Robotics	$	262,747	$	336,038
Manufactured Products	95,157		151,259
Offshore Projects Group	218,900		255,425
Integrity Management & Digital Solutions	11,917		13,403
Total Energy Services and Products	588,721		756,125
Aerospace and Defense Technologies	8,083		9,574
Corporate and Other	12,622		10,833
Total	$	609,426	$	776,532
Goodwill
Energy Services and Products
Subsea Robotics	$	24,105	$	129,402
Manufactured Products	—		52,828
Offshore Projects Group	—		73,352
Integrity Management & Digital Solutions	—		139,043
Total Energy Services and Products	24,105		394,625
Aerospace and Defense Technologies	10,454		10,454
Total	$	34,559	$	405,079

* Recast to reflect segment changes.