Related Party Transactions

3 Months Ended

Mar. 31, 2016

Related Party Transactions [Abstract]

Related Party Transactions

(13)     Related Party Transactions

The Company leases certain facilities from an entity owned by Ronald N. Tutor, the Company’s Chairman and Chief Executive Officer, at market lease rates. Under these leases the Company paid $0.7 millionfor each of the three months ended March 31, 2016 and 2015, respectively, and recognized expense of $0.8million for each of the three months ended March 31, 2016 and 2015, respectively.  

Raymond R. Oneglia, Vice Chairman of O&G Industries, Inc. (“O&G”), is a director of the Company, and O&G owns 500,000 shares of the Company’s common stock. The Company and O&G formed a joint venture to provide contracting services for a highway construction project. O&G provides equipment and services to the joint venture on customary trade terms. The joint venture paid O&G $1.1 million and $2.0 million for the three months ended March 31, 2016 and 2015, respectively. The Company has a  30% percent interest in the joint venture, which it accounts for using the proportionate consolidation method.

Peter Arkley, Senior Managing Director, Construction Services Group, of Alliant Insurance Services, Inc. (“Alliant”), is a director of the Company. The Company uses Alliant for various insurance related services. The associated expenses for services provided for the three months ended March 31, 2016 and 2015 were $2.0 millionand $0.8million, respectively. The Company owed Alliant $1.9 millionand $7.5 million as of March 31, 2016 and December 31, 2015, respectively, for services rendered.