Segment Information

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Information

17.Segment Information

The Company currently operates in two reportable segments: marine and concrete. The Company’s financial reporting systems present various data for management to run the business, including profit and loss statements prepared according to the segments presented. Management uses operating income to evaluate performance between the two segments.

Segment information for the periods presented is provided as follows:

	Year Ended December 31,
	2023		2022		2021
Marine
Contract revenues	$	395,917	$	339,213	$	263,915
Operating income		3,670		9,787		5,760
Depreciation and amortization expense		(18,219)		(16,592)		(17,287)
Total assets	$	318,684	$	239,369
Property and equipment, net		82,215		91,390
Concrete
Contract revenues	$	315,861	$	409,109	$	337,445
Operating loss		(10,300)		(17,817)		(15,077)
Depreciation and amortization expense		(5,659)		(7,465)		(8,143)
Total assets	$	98,209	$	127,786
Property and equipment, net		5,619		9,587

There was less than $0.1 million, $0.2 million and less than $0.1 million in intersegment revenues between the Company’s two reportable segments for the years ended December 31, 2023, 2022 and 2021, respectively. The marine segment had foreign revenues of $36.1 million, $6.7 million and $2.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. These revenues are derived from projects in the Caribbean Basin and are paid primarily in U.S. dollars. There was no foreign revenue for the concrete segment.