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Operating Segments (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Summarized Segment Financial Information
Summarized financial information concerning our segments as of and for the three-year period ended December 31, 2017, is as follows (in thousands):
 
December 31, 2017
 
Fabrication
Shipyard (1)
Services
Corp. & Eliminations
Consolidated
Revenue
$
57,880

$
52,699

$
65,445

$
(5,002
)
$
171,022

Gross profit (loss)
(1,941
)
(44,870
)
4,575

(689
)
(42,925
)
Operating income (loss)
(12,040
)
(49,785
)
1,874

(8,446
)
(68,397
)
 
 
 
 
 
 
Depreciation expense
6,592

4,073

1,676

404

12,745

Capital expenditures
2,395

1,909

403

127

4,834

Total Assets
$
195,187

$
74,516

$
105,291

$
(104,154
)
$
270,840

 
 
 
 
 
 
 
December 31, 2016
 
Fabrication
Shipyard
Services
Corp. & Eliminations
Consolidated
Revenue
$
88,683

$
109,502

$
91,414

$
(3,273
)
$
286,326

Gross profit (loss)
5,276

7,801

12,420

(644
)
24,853

Operating income (loss)
1,500

2,375

9,106

(7,798
)
5,183

 
 
 
 
 
 
Depreciation expense
18,566

4,686

1,775

421

25,448

Capital expenditures
2,633

1,861

1,495

806

6,795

Total Assets
$
272,292

$
81,928

$
96,404

$
(128,216
)
$
322,408

 
 
 
 
 
 
 
December 31, 2015
 
Fabrication
Shipyard
Services
Corp. & Eliminations
Consolidated
Revenue
$
151,576

$
59,601

$
100,431

$
(5,488
)
$
306,120

Gross profit (loss)
(36,990
)
8,750

13,937

(853
)
(15,156
)
Operating income (loss)
(49,295
)
7,695

11,353

(8,367
)
(38,614
)
 
 
 
 
 
 
Depreciation expense
22,045

1,921

1,733

505

26,204

Capital expenditures
3,360

1,206

1,379

73

6,018

Total Assets
$
310,790

$
54,543

$
94,618

$
(143,028
)
$
316,923

 
 
 
 
 
 
____________
(1)
Included in the 2017 operating results for our Shipyard Division is $34.5 million in operating losses related to cost overruns and delays that we encountered in the newbuild construction of two multi-purpose service vessels. The delivery of the vessels will be extended beyond the contractual delivery dates and put us in a position to incur liquidated damages. In absence of a signed amendment with the customer, we have accrued the maximum liquidated damages under the contract of $11.2 million.