Segment Disclosures (Tables)

6 Months Ended

Jun. 30, 2016

Summarized Segment Financial Information

Summarized financial information concerning our segments as of and for the three and six months ended June 30, 2016 and 2015 is as follows (in thousands):



	Three Months Ended June 30, 2016
	Fabrication		Shipyards ^{(1), (2)}		Services		Corp. & Eliminations			Consolidated
Revenue	$	24,296	$	29,373	$	28,692	$	(859	)	$	81,502
Gross profit	3,844		5,390		4,832		—			14,066
Operating income (loss)	2,178		3,394		3,496		(64		)	9,004

Total assets	290,910		81,874		100,197		(130,950		)	342,031
Depreciation expense	4,589		1,161		456		105			6,311
CAPEX	1,201		181		505		679			2,566



	Three Months Ended June 30, 2015
	Fabrication			Shipyards ⁽¹⁾		Services		Corp. & Eliminations			Consolidated
Revenue	$	48,365		$	14,760	$	22,712	$	(1,499	)	$	84,338
Gross profit	210			1,644		3,951		—			5,805
Operating income (loss)	(1,984		)	1,224		2,922		(83		)	2,079

Total assets	353,911			62,576		103,756		(163,852		)	356,391
Depreciation expense	5,499			479		435		130			6,543
CAPEX	1,203			242		432		75			1,952



	Six Months Ended June 30, 2016
	Fabrication		Shipyards ^{(1), (2)}		Services		Corp. & Eliminations			Consolidated
Revenue	$	48,125	$	63,493	$	55,251	$	(1,388	)	$	165,481
Gross profit	3,886		7,720		8,161		—			19,767
Operating income (loss)	897		3,918		5,590		(185		)	10,220

Total assets	290,910		81,874		100,197		(130,950		)	342,031
Depreciation expense	9,444		2,327		898		209			12,878
CAPEX	1,311		216		1,047		716			3,290



	Six Months Ended June 30, 2015
	Fabrication			Shipyards ⁽¹⁾		Services		Corp. & Eliminations			Consolidated
Revenue	$	105,298		$	34,241	$	47,500	$	(3,468	)	$	183,571
Gross profit (loss)	(46		)	4,085		6,214		—			10,253
Operating income (loss)	(4,934		)	3,234		4,200		(266		)	2,234

Total assets	353,911			62,576		103,756		(163,852		)	356,391
Depreciation expense	11,059			958		865		258			13,140
CAPEX	1,683			334		861		75			2,953

____________

(1)

Included in our results of operations for our Shipyards segment were revenue and net income of $17.3 million and $1.5 million, for the three months ended June 30, 2016 and $39.1 million and $751,000 for the six months ended June 30, 2016, respectively, attributable to the assets and operations acquired in the LEEVAC transaction. No amounts were included in the comparable 2015 periods as the LEEVAC transaction was effective January 1, 2016. See also Note 2.


(2)	Included in revenue and results of operations was recognition of $1.5 million and $2.7 million of deferred revenue for the three and six months ended June 30, 2016, respectively related to the values assigned to contracts acquired in the LEEVAC transaction.