Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

Note 22 — Quarterly Financial Information (Unaudited)

In addition to being affected by the timing of oil and gas company expenditures, offshore marine construction activities may fluctuate as a result of weather conditions. Historically, a substantial portion of our services has been performed during the summer and fall months. As a result, a disproportionate portion of our revenues and net income is earned during such periods. The following is a summary of consolidated quarterly financial information (in thousands, except per share amounts): 

	Quarter Ended
	March 31,		June 30,		September 30,		December 31,
2019
Net revenues	$	166,823	$	201,728	$	212,609	$	170,749
Gross profit	16,254		39,934		55,074		26,576
Net income	1,318		16,823		31,622		7,934
Net income attributable to common shareholders	1,318		16,854		31,695		8,052
Basic earnings per common share	$	0.01	$	0.11	$	0.21	$	0.05
Diluted earnings per common share	$	0.01	$	0.11	$	0.21	$	0.05

2018
Net revenues	$	164,262		$	204,625	$	212,575	$	158,356
Gross profit	12,983			42,897		51,993		13,811
Net income (loss)	(2,560		)	17,784		27,121		(13,747		)
Net income (loss) attributable to common shareholders	(2,560		)	17,784		27,121		(13,747		)
Basic earnings (loss) per common share	$	(0.02	)	$	0.12	$	0.18	$	(0.09	)
Diluted earnings (loss) per common share	$	(0.02	)	$	0.12	$	0.18	$	(0.09	)