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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2016
Business Segments [Abstract]  
Reportable Segments



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Reportable Segments

 

 

 

 

 

 



 

 

 

 

 

 

Specialty

 

 

 

 

 

 

 

Consolidated

(in thousands)

Civil

 

 

Building

 

Contractors

 

Total

 

Corporate

 

Total

Three Months Ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

 504,930 

 

$

 546,157 

 

$

 318,902 

 

$

 1,369,989 

 

$

 —

 

$

 1,369,989 

Elimination of intersegment revenue

 

 (39,223)

 

 

 (22,636)

 

 

 —

 

 

 (61,859)

 

 

 —

 

 

 (61,859)

Revenue from external customers

$

 465,707 

 

$

 523,521 

 

$

 318,902 

 

$

 1,308,130 

 

$

 —

 

$

 1,308,130 

Income from construction operations

$

 45,056 

 

$

 13,223 

 

$

 5,413 

 

$

 63,692 

 

$

 (14,863)

(a)

$

 48,829 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

 573,360 

 

$

 472,247 

 

$

 326,798 

 

$

 1,372,405 

 

$

 —

 

$

 1,372,405 

Elimination of intersegment revenue

 

 (39,180)

 

 

 (20,843)

 

 

 56 

 

 

 (59,967)

 

 

 —

 

 

 (59,967)

Revenue 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 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Reportable Segments

 

 

 

 

 

 



 

 

 

 

 

 

Specialty

 

 

 

 

 

 

 

Consolidated

(in thousands)

Civil

 

 

Building

 

Contractors

 

Total

 

Corporate

 

Total

Six Months Ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

 872,431 

 

$

 1,034,151 

 

$

 600,675 

 

$

 2,507,257 

 

$

 —

 

$

 2,507,257 

Elimination of intersegment revenue

 

 (70,866)

 

 

 (42,892)

 

 

 —

 

 

 (113,758)

 

 

 —

 

 

 (113,758)

Revenue from external customers

$

 801,565 

 

$

 991,259 

 

$

 600,675 

 

$

 2,393,499 

 

$

 —

 

$

 2,393,499 

Income from construction operations

$

 78,721 

 

$

 25,673 

 

$

 14,826 

 

$

 119,220 

 

$

 (30,269)

(a)

$

 88,951 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue

$

 966,236 

 

$

 888,309 

 

$

 619,816 

 

$

 2,474,361 

 

$

 —

 

$

 2,474,361 

Elimination of intersegment revenue

 

 (57,382)

 

 

 (38,076)

 

 

 —

 

 

 (95,458)

 

 

 —

 

 

 (95,458)

Revenue 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 

(a)

Consists primarily of corporate general and administrative expenses.



Reconciliation of Segment Results to Consolidated Income Before Income Taxes



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended June 30,

 

Six Months Ended June 30,

(in thousands)

2016

 

2015

 

2016

 

2015

Income from construction operations

$

 48,829 

 

$

 30,881 

 

$

 88,951 

 

$

 50,965 

Other income (expense), net

 

 2,485 

 

 

 379 

 

 

 3,166 

 

 

 (97)

Interest expense

 

 (15,534)

 

 

 (11,268)

 

 

 (29,614)

 

 

 (22,671)

Income before income taxes

$

 35,780 

 

$

 19,992 

 

$

 62,503 

 

$

 28,197 



Schedule of Assets by Segment



 

 

 

 

 



 

 

 

 

 

(in thousands)

June 30, 2016

 

December 31, 2015

Civil

$

 2,044,060 

 

$

 1,964,038 

Building

 

 882,465 

 

 

 795,851 

Specialty Contractors

 

 803,073 

 

 

 860,285 

Corporate and other (a)

 

 465,987 

 

 

 416,503 

Total Assets

$

 4,195,585 

 

$

 4,036,677 

(a)

Consists principally of cash and cash equivalents as well as corporate transportation and other equipment.