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Business Segments
6 Months Ended
Jun. 30, 2015
Business Segments [Abstract]  
Business Segments

(12)     Business Segments

 

The Company’s chief operating decision maker is the Chairman and Chief Executive Officer, who decides how to allocate resources and assess performance of the business segments. Generally, the Company evaluates performance of its operating segments on the basis of income from construction operations and cash flow.

 

The following table sets forth certain reportable segment information relating to the Company’s operation for the three and six months ended June 30, 2015 and 2014 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty

 

 

 

 

 

 

 

Consolidated

(in thousands)

Civil

 

 

Building

 

Contractors

 

Totals

 

Corporate

 

Total

Three Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

$

573,360 

 

$

472,247 

 

$

326,798 

 

$

1,372,405 

 

$

 —

 

$

1,372,405 

Elimination of intersegment revenues

 

(39,180)

 

 

(20,843)

 

 

56 

 

 

(59,967)

 

 

 —

 

 

(59,967)

Revenues from external customers

$

534,180 

 

$

451,404 

 

$

326,854 

 

$

1,312,438 

 

$

 —

 

$

1,312,438 

Income from construction operations

$

46,329 

 

$

(12,592)

 

$

13,743 

 

$

47,480 

 

$

(16,599)

(a)

$

30,881 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

$

398,123 

 

$

390,353 

 

$

321,959 

 

$

1,110,435 

 

$

 —

 

$

1,110,435 

Elimination of intersegment revenues

 

(7,584)

 

 

(18,341)

 

 

 —

 

 

(25,925)

 

 

 —

 

 

(25,925)

Revenues from external customers

$

390,539 

 

$

372,012 

 

$

321,959 

 

$

1,084,510 

 

$

 —

 

$

1,084,510 

Income from construction operations

$

58,002 

 

$

7,674 

 

$

12,633 

 

$

78,309 

 

$

(12,866)

(a)

$

65,443 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty

 

 

 

 

 

 

 

Consolidated

(in thousands)

Civil

 

 

Building

 

Contractors

 

Totals

 

Corporate

 

Total

Six Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

$

966,236 

 

$

888,309 

 

$

619,816 

 

$

2,474,361 

 

$

 —

 

$

2,474,361 

Elimination of intersegment revenues

 

(57,382)

 

 

(38,076)

 

 

 —

 

 

(95,458)

 

 

 —

 

 

(95,458)

Revenues from external customers

$

908,854 

 

$

850,233 

 

$

619,816 

 

$

2,378,903 

 

$

 —

 

$

2,378,903 

Income from construction operations

$

76,923 

 

$

(14,870)

 

$

24,267 

 

$

86,320 

 

$

(35,355)

(a)

$

50,965 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

$

774,515 

 

$

701,668 

 

$

614,104 

 

$

2,090,287 

 

$

 —

 

$

2,090,287 

Elimination of intersegment revenues

 

(18,820)

 

 

(31,724)

 

 

 —

 

 

(50,544)

 

 

 —

 

 

(50,544)

Revenues from external customers

$

755,695 

 

$

669,944 

 

$

614,104 

 

$

2,039,743 

 

$

 —

 

$

2,039,743 

Income from construction operations

$

102,347 

 

$

9,497 

 

$

20,450 

 

$

132,294 

 

$

(25,354)

(a)

$

106,940 

(a)

Consists primarily of corporate general and administrative expenses.

 

The following table sets forth certain reportable segment information relating to the Company’s total assets as of June 30, 2015 and December 31, 2014 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

December 31, 2014

(in thousands)

 

 

 

 

 

Building

$

671,060 

 

$

680,933 

Civil

 

1,934,040 

 

 

1,814,170 

Specialty Contractors

 

863,831 

 

 

775,162 

  Totals

$

3,468,931 

 

$

3,270,265 

Corporate (a)

 

474,705 

 

 

503,050 

Consolidated Total

$

3,943,636 

 

$

3,773,315 

(a)

Consists principally of Cash and Cash Equivalents and corporate transportation equipment.