$GLDD
Great Lakes Dredge & Dock CORP

2024 Q1 Form 10-K Financial Statement

#000095017024016412 Filed on February 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $198.7M $181.7M $589.6M
YoY Change 25.7% 23.91% -9.12%
Cost Of Revenue $153.1M $143.1M $511.9M
YoY Change 4.92% -12.14% -17.12%
Gross Profit $45.57M $38.67M $77.73M
YoY Change 275.56% -339.25% 149.36%
Gross Profit Margin 22.94% 21.28% 13.18%
Selling, General & Admin $16.11M $15.39M $57.06M
YoY Change 23.77% 24.09% 11.62%
% of Gross Profit 35.35% 39.8% 73.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.02M $10.23M $42.53M
YoY Change 1.57% -16.84% -8.1%
% of Gross Profit 24.18% 26.44% 54.71%
Operating Expenses $16.11M $15.39M $57.06M
YoY Change 23.77% 24.09% 11.62%
Operating Profit $31.48M $23.28M $28.22M
YoY Change -3743.4% -181.5% -201.74%
Interest Expense -$3.891M -$2.818M -$12.14M
YoY Change 14.95% -9.33% -13.95%
% of Operating Profit -12.36% -12.11% -43.02%
Other Income/Expense, Net $425.0K $60.00K -$9.907M
YoY Change 87.22% -71.01% -36.81%
Pretax Income $28.01M $27.77M $18.31M
YoY Change -796.49% -170.1% -142.18%
Income Tax $6.989M $6.210M $4.406M
% Of Pretax Income 24.95% 22.36% 24.06%
Net Earnings $21.02M $21.56M $13.91M
YoY Change -750.7% -169.16% -140.83%
Net Earnings / Revenue 10.58% 11.86% 2.36%
Basic Earnings Per Share $0.32 $0.21
Diluted Earnings Per Share $0.31 $0.32 $0.21
COMMON SHARES
Basic Shares Outstanding 66.62M 66.61M 66.47M
Diluted Shares Outstanding 67.49M 66.96M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.80M $22.84M $22.84M
YoY Change -29.88% 248.93% 248.93%
Cash & Equivalents $22.80M $22.84M $22.84M
Short-Term Investments
Other Short-Term Assets $45.07M $44.54M $46.03M
YoY Change 34.8% 28.42% 26.97%
Inventory $32.04M $33.91M $33.91M
Prepaid Expenses $2.025M $1.486M
Receivables $109.2M $123.5M $123.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $211.2M $226.3M $226.3M
YoY Change 1.24% 23.78% 23.78%
LONG-TERM ASSETS
Property, Plant & Equipment $613.1M $614.6M $706.7M
YoY Change 9.14% 13.0% 11.52%
Goodwill $76.58M $76.58M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.84M $18.61M $101.3M
YoY Change 177.71% 114.44% 14.14%
Total Long-Term Assets $883.9M $884.5M $884.5M
YoY Change 8.27% 10.71% 10.71%
TOTAL ASSETS
Total Short-Term Assets $211.2M $226.3M $226.3M
Total Long-Term Assets $883.9M $884.5M $884.5M
Total Assets $1.095B $1.111B $1.111B
YoY Change 6.84% 13.15% 13.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $89.60M $83.84M $83.84M
YoY Change 1.69% -10.89% -10.89%
Accrued Expenses $32.48M $37.36M $60.18M
YoY Change -11.12% 26.78% 10.86%
Deferred Revenue $18.07M $29.56M
YoY Change 45.18% 198.16%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.640M $1.047M
YoY Change
Total Short-Term Liabilities $168.5M $179.4M $179.4M
YoY Change 3.28% 11.92% 11.92%
LONG-TERM LIABILITIES
Long-Term Debt $382.2M $412.1M $414.7M
YoY Change 18.82% 28.16% 28.98%
Other Long-Term Liabilities $10.85M $10.10M $68.92M
YoY Change 44.65% 33.27% -5.06%
Total Long-Term Liabilities $393.1M $422.2M $483.6M
YoY Change 19.41% 28.28% 22.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $168.5M $179.4M $179.4M
Total Long-Term Liabilities $393.1M $422.2M $483.6M
Total Liabilities $686.0M $725.3M $725.3M
YoY Change 3.79% 18.21% 18.21%
SHAREHOLDERS EQUITY
Retained Earnings $91.24M $70.22M
YoY Change 71.89% 24.69%
Common Stock $318.5M $317.3M
YoY Change 1.91% 1.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $409.0M $385.5M $385.5M
YoY Change
Total Liabilities & Shareholders Equity $1.095B $1.111B $1.111B
YoY Change 6.84% 13.15% 13.15%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $21.02M $21.56M $13.91M
YoY Change -750.7% -169.16% -140.83%
Depreciation, Depletion And Amortization $11.02M $10.23M $42.53M
YoY Change 1.57% -16.84% -8.1%
Cash From Operating Activities $38.44M -$2.175M $47.43M
YoY Change 312.46% -126.19% 2769.03%
INVESTING ACTIVITIES
Capital Expenditures $11.91M $52.64M $150.8M
YoY Change -64.58% 30.17% 5.48%
Acquisitions
YoY Change
Other Investing Activities $3.641M $29.50M $30.70M
YoY Change 6520.0% 1361.86%
Cash From Investing Activities -$8.271M -$23.14M -$120.1M
YoY Change -75.36% -42.77% -14.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.21M 35.03M 89.93M
YoY Change -160.14% -22996.08% -5517.53%
NET CHANGE
Cash From Operating Activities 38.44M -2.175M 47.43M
Cash From Investing Activities -8.271M -23.14M -120.1M
Cash From Financing Activities -30.21M 35.03M 89.93M
Net Change In Cash -39.00K 9.715M 17.22M
YoY Change -100.15% -130.09% -112.22%
FREE CASH FLOW
Cash From Operating Activities $38.44M -$2.175M $47.43M
Capital Expenditures $11.91M $52.64M $150.8M
Free Cash Flow $26.53M -$54.82M -$103.4M
YoY Change -209.13% 70.58% -26.84%

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CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2322000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
49432000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
398997000
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4288000
CY2022 gldd Vesting Of Restricted Stock Units Value Including Impact Of Shares Withheld For Taxes
VestingOfRestrictedStockUnitsValueIncludingImpactOfSharesWithheldForTaxes
1827000
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1148000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-34055000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-331000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
368220000
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5231000
CY2023 gldd Vesting Of Restricted Stock Units Value Including Impact Of Shares Withheld For Taxes
VestingOfRestrictedStockUnitsValueIncludingImpactOfSharesWithheldForTaxes
1019000
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1034000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
13906000
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1824000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
385548000
CY2023 us-gaap Profit Loss
ProfitLoss
13906000
CY2022 us-gaap Profit Loss
ProfitLoss
-34055000
CY2021 us-gaap Profit Loss
ProfitLoss
49432000
CY2023 us-gaap Depreciation
Depreciation
42525000
CY2022 us-gaap Depreciation
Depreciation
46273000
CY2021 us-gaap Depreciation
Depreciation
43016000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3733000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9270000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12311000
CY2023 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
485000
CY2022 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-7792000
CY2021 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
294000
CY2023 gldd Amortization Of Deferred Financing Cost And Other Non Cash Interest Expense
AmortizationOfDeferredFinancingCostAndOtherNonCashInterestExpense
965000
CY2022 gldd Amortization Of Deferred Financing Cost And Other Non Cash Interest Expense
AmortizationOfDeferredFinancingCostAndOtherNonCashInterestExpense
1299000
CY2021 gldd Amortization Of Deferred Financing Cost And Other Non Cash Interest Expense
AmortizationOfDeferredFinancingCostAndOtherNonCashInterestExpense
2349000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
6316000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
4288000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
5188000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9921000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-38064000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
43963000
CY2023 gldd Increase Decrease In Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
IncreaseDecreaseInCostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
2813000
CY2022 gldd Increase Decrease In Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
IncreaseDecreaseInCostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
26078000
CY2021 gldd Increase Decrease In Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
IncreaseDecreaseInCostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
7738000
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11000000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14255000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2706000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10250000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7636000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-10873000
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1376000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1966000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-698000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
19647000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4900000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-17794000
CY2023 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
6574000
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-2097000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
969000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
47425000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1653000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
49007000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
150840000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
143006000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
116658000
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
30699000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2100000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4459000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-120141000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-140906000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-112199000
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
325000000
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
325000000
CY2022 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
981000
CY2021 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
4395000
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1019000
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1827000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3785000
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1034000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1148000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2321000
CY2023 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
208000000
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
10000000
CY2023 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
118000000
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
10000000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
84000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
89931000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1660000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5859000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
17215000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-140913000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-69051000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6546000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
147459000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
216510000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23761000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6546000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
147459000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22841000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6546000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
145459000
CY2023Q4 us-gaap Restricted Cash Equivalents
RestrictedCashEquivalents
920000
CY2021Q4 us-gaap Restricted Cash Equivalents
RestrictedCashEquivalents
2000000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23761000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6546000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
147459000
CY2023 gldd Interest Paid Net Of Cash Received
InterestPaidNetOfCashReceived
20738000
CY2022 gldd Interest Paid Net Of Cash Received
InterestPaidNetOfCashReceived
17742000
CY2021 gldd Interest Paid Net Of Cash Received
InterestPaidNetOfCashReceived
22919000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
132000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1264000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
637000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6000000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8686000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7010000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">—The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.</span></p>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023 gldd Number Of Reportable Segments With Goodwill
NumberOfReportableSegmentsWithGoodwill
1
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 gldd Percentage Of Fair Value Of Reporting Unit In Excess Of Carrying Value
PercentageOfFairValueOfReportingUnitInExcessOfCarryingValue
0.10
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
100000
CY2023 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
7400000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
8200000
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
400000
CY2023Q4 gldd Quantitative Threshold
QuantitativeThreshold
0.05
CY2023Q4 gldd Percentage Of Income Taxes Paid Net Of Refunds Received
PercentageOfIncomeTaxesPaidNetOfRefundsReceived
0.05
CY2023 us-gaap Net Income Loss
NetIncomeLoss
13906000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-34055000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
49432000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66469000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66051000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65587000
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
488000
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
714000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66957000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66051000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66301000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.52
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.52
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1099380000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1022222000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
484772000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
478312000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
614608000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
543910000
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
886000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
8150000
CY2023 us-gaap Depreciation
Depreciation
42525000
CY2022 us-gaap Depreciation
Depreciation
46273000
CY2021 us-gaap Depreciation
Depreciation
43016000
CY2023 us-gaap Sale Leaseback Transaction Date
SaleLeasebackTransactionDate
November 1, 2023
CY2023Q4 gldd Gross Cash Proceeds
GrossCashProceeds
29500000
CY2023 us-gaap Sale Leaseback Transaction Lease Term
SaleLeasebackTransactionLeaseTerm
P7Y
CY2023Q4 gldd Annual Rental Rate
AnnualRentalRate
4200000
CY2023 us-gaap Sale Leaseback Transaction Lease Terms
SaleLeasebackTransactionLeaseTerms
Under the leaseback agreement, the Company has the option to i) purchase the Property after six years with an early buyout option; ii) purchase the Property at the end of the lease at the then fair value; iii) renew the lease at the then fair market value or iv) return the Property to the purchaser.
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
29945000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
24224000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
24427000
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
95000
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
24000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
68119000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
94842000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
95957000
CY2023 us-gaap Lease Cost
LeaseCost
98183000
CY2022 us-gaap Lease Cost
LeaseCost
119066000
CY2021 us-gaap Lease Cost
LeaseCost
120384000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
31465000
CY2023Q4 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
1291000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
23751000
CY2023Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
1291000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12843000
CY2023Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
1216000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10984000
CY2023Q4 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
355000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
9601000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
12574000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
101218000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
4153000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11087000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
480000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
90131000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3673000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.079
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
3757000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
95000
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3662000
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1047000
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2626000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3673000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
29016000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
22775000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
22591000
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
24000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
84000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
24808000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
57618000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
24191000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3757000
CY2023Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
12521000
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
17808000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11986000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2062000
CY2023Q4 gldd Accrued Contract Reserves Liabilities Current
AccruedContractReservesLiabilitiesCurrent
3964000
CY2022Q4 gldd Accrued Contract Reserves Liabilities Current
AccruedContractReservesLiabilitiesCurrent
966000
CY2023Q4 gldd Accrued Fuel Hedge Contracts Liabilities Current
AccruedFuelHedgeContractsLiabilitiesCurrent
2918000
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CY2022Q4 us-gaap Capitalized Contract Cost Accumulated Amortization
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0
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0
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2
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CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2022 gldd Valuation Allowances And Reserves Additions
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CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2022Q4 us-gaap Valuation Allowances And Reserves Balance
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CY2023 gldd Valuation Allowances And Reserves Additions
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CY2023 us-gaap Valuation Allowances And Reserves Deductions
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CY2023Q4 us-gaap Valuation Allowances And Reserves Balance
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6922000

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