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Business Segment Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting, Measurement Disclosures [Abstract]  
Business Segment Information USINESS SEGMENT INFORMATION
We are a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries.

Our Energy Services and Products business leverages our asset base and capabilities for providing services and products for offshore energy operations, inclusive of the offshore renewable energy market. Our Energy Services and Products segments are:
•Subsea Robotics—Our Subsea Robotics segment provides the following:
◦Remotely Operated Vehicles (“ROVs”) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance and repair;
◦ROV tooling; and
◦survey services, including hydrographic survey and positioning services and autonomous underwater vehicles for geoscience.

•Manufactured Products—Our Manufactured Products segment provides the following:
◦distribution and connection systems including production control umbilicals and field development hardware and pipeline connection and repair systems to the energy industry; and
◦autonomous mobile robot technology and entertainment systems to a variety of industries.

•Offshore Projects Group—Our OPG segment provides the following:
◦subsea installation and intervention, including riserless light well intervention services, inspection, maintenance and repair (“IMR”) services, principally in the U.S. Gulf of Mexico and offshore Angola, utilizing owned and chartered vessels;
◦installation and workover control systems and ROV workover control systems;
◦project management and engineering; and
◦drill pipe riser services and systems and wellhead load relief solutions.

•Integrity Management & Digital Solutions—Our IMDS segment provides the following:
◦asset integrity management services;
◦software and analytical solutions for the bulk cargo maritime industry; and
◦software, digital and connectivity solutions for the energy industry.

Our Aerospace and Defense Technologies segment provides services and products, including engineering and related manufacturing in defense and space exploration activities, principally to U.S. Government agencies and their prime contractors.

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, 2021.
The table that follows presents revenue, income (loss) from operations and depreciation and amortization expense, by business segment:
 Three Months EndedSix Months Ended
(in thousands)Jun 30, 2022Jun 30, 2021Mar 31, 2022Jun 30, 2022Jun 30, 2021
Revenue
Energy Services and Products
Subsea Robotics$157,123 $141,371 $127,989 $285,112 $260,490 
Manufactured Products105,456 79,127 82,692 188,148 165,952 
Offshore Projects Group116,457 107,951 97,397 213,854 197,185 
Integrity Management & Digital Solutions59,438 64,070 56,570 116,008 118,118 
Total Energy Services and Products438,474 392,519 364,648 803,122 741,745 
Aerospace and Defense Technologies85,557 105,680 81,511 167,068 194,007 
Total$524,031 $498,199 $446,159 $970,190 $935,752 
Income (Loss) from Operations
Energy Services and Products
Subsea Robotics$25,938 $21,710 $11,552 $37,490 $36,329 
Manufactured Products(1,365)790 2,643 1,278 3,543 
Offshore Projects Group17,535 7,996 666 18,201 16,809 
Integrity Management & Digital Solutions3,436 4,721 3,508 6,944 7,195 
Total Energy Services and Products45,544 35,217 18,369 63,913 63,876 
Aerospace and Defense Technologies8,961 19,340 11,844 20,805 36,179 
Unallocated Expenses(31,655)(31,738)(31,252)(62,907)(63,453)
Total$22,850 $22,819 $(1,039)$21,811 $36,602 
Depreciation and Amortization
Energy Services and Products
Subsea Robotics$17,531 $22,436 $19,001 $36,532 $45,388 
Manufactured Products3,020 3,248 3,072 6,092 6,475 
Offshore Projects Group7,107 6,862 7,297 14,404 13,987 
Integrity Management & Digital Solutions1,034 1,091 1,030 2,064 2,215 
Total Energy Services and Products28,692 33,637 30,400 59,092 68,065 
Aerospace and Defense Technologies821 1,404 656 1,477 2,680 
Unallocated Expenses1,347 184 963 2,310 951 
Total$30,860 $35,225 $32,019 $62,879 $71,696 

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.
Income (Loss) from Operations
During the three- and six-month periods ended June 30, 2021, we recorded adjustments attributable to each of our reporting segments as follows:
For the Three Months Ended June 30, 2021
(in thousands)Subsea RoboticsManufactured ProductsOPGIMDSADTechUnallocated ExpensesTotal
Adjustments for the effects of:
Loss on sale of asset$— $— $— $— $— $1,415 $1,415 
Total of adjustments$— $— $— $— $— $1,415 $1,415 
For the Six Months Ended June 30, 2021
(in thousands)Subsea RoboticsManufactured ProductsOPGIMDSADTechUnallocated ExpensesTotal
Adjustments for the effects of:
Loss on sale of asset$— $— $— $— $— $1,415 $1,415 
Other395 537 149 217 10 — 1,308 
Total of adjustments$395 $537 $149 $217 $10 $1,415 $2,723 
There were no adjustments of a similar nature during the three- and six-month periods ended June 30, 2022 or the three-month period ended March 31, 2022.

Depreciation and Amortization

Depreciation expense on property and equipment, reflected in Depreciation and Amortization, was $29 million, $35 million and $30 million in the three-month periods ended June 30, 2022 and 2021 and March 31, 2022, respectively, and $59 million and $70 million in the six-month periods ended June 30, 2022 and 2021, respectively.

Amortization expense on long-lived intangible assets, reflected in Depreciation and Amortization, was $1.9 million, $0.8 million and $1.6 million in the three-month periods ended June 30, 2022 and 2021 and March 31, 2022, respectively, and $3.5 million and $2.1 million in the six-month periods ended June 30, 2022 and 2021, respectively.