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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2019
Business Segments [Abstract]  
Reportable Segments

Reportable Segments

Specialty

Consolidated

(in thousands)

Civil

Building

Contractors

Total

Corporate

Total

Three Months Ended June 30, 2019

Total revenue

$

541,117

$

433,559

$

223,299

$

1,197,975

$

—

$

1,197,975

Elimination of intersegment revenue

(67,459)

(5,241)

—

(72,700)

—

(72,700)

Revenue from external customers

$

473,658

$

428,318

$

223,299

$

1,125,275

$

—

$

1,125,275

Income (loss) from construction operations

$

(164,472)

$

(3,810)

$

(159,795)

$

(328,077)

(a)

$

(13,640)

(b)

$

(341,717)

Capital expenditures

$

24,439

$

150

$

110

$

24,699

$

235

$

24,934

Depreciation and amortization(c)

$

10,285

$

497

$

1,061

$

11,843

$

2,754

$

14,597

Three Months Ended June 30, 2018

Total revenue

$

461,614

$

447,975

$

270,633

$

1,180,222

$

—

$

1,180,222

Elimination of intersegment revenue

(59,141)

(996)

—

(60,137)

—

(60,137)

Revenue from external customers

$

402,473

$

446,979

$

270,633

$

1,120,085

$

—

$

1,120,085

Income (loss) from construction operations

$

49,439

$

12,536

$

7,454

$

69,429

$

(14,614)

(b)

$

54,815

Capital expenditures

$

27,352

$

592

$

215

$

28,159

$

174

$

28,333

Depreciation and amortization(c)

$

6,569

$

489

$

1,106

$

8,164

$

2,813

$

10,977

(a)During the three months ended June 30, 2019, the Company recorded a non-cash goodwill impairment charge of $379.9 million in income (loss) from continuing operations (an unfavorable after-tax impact of $329.5 million, or $6.56 per diluted share) resulting from an interim impairment test the Company performed as of June 1, 2019. (For further information and breakdown of the goodwill impairment charge by segment, see Note 8, Goodwill and Intangible Assets).

(b)Consists primarily of corporate general and administrative expenses.

(c)Depreciation and amortization is included in income (loss) from construction operations.

Reportable Segments

Specialty

Consolidated

(in thousands)

Civil

Building

Contractors

Total

Corporate

Total

Six Months Ended June 30, 2019

Total revenue

$

924,739

$

869,802

$

414,826

$

2,209,367

$

—

$

2,209,367

Elimination of intersegment revenue

(117,587)

(8,018)

—

(125,605)

—

(125,605)

Revenue from external customers

$

807,152

$

861,784

$

414,826

$

2,083,762

$

—

$

2,083,762

Income (loss) from construction operations

$

(122,727)

$

(677)

$

(167,283)

$

(290,687)

(a)

$

(28,117)

(b)

$

(318,804)

Capital expenditures

$

38,451

$

205

$

233

$

38,889

$

457

$

39,346

Depreciation and amortization(c)

$

19,655

$

1,000

$

2,125

$

22,780

$

5,534

$

28,314

Six Months Ended June 30, 2018

Total revenue

$

787,014

$

938,592

$

545,434

$

2,271,040

$

—

$

2,271,040

Elimination of intersegment revenue

(121,427)

(1,372)

—

(122,799)

—

(122,799)

Revenue from external customers

$

665,587

$

937,220

$

545,434

$

2,148,241

$

—

$

2,148,241

Income (loss) from construction operations(d)

$

52,278

$

18,961

$

14,689

$

85,928

$

(32,038)

(b)

$

53,890

Capital expenditures

$

46,548

$

870

$

634

$

48,052

$

251

$

48,303

Depreciation and amortization(c)

$

12,325

$

970

$

2,218

$

15,513

$

5,651

$

21,164

(a)During the six months ended June 30, 2019, the Company recorded a non-cash goodwill impairment charge of $379.9 million in income (loss) from continuing operations (an unfavorable after-tax impact of $329.5 million, or $6.57 per diluted share) resulting from an interim impairment test the Company performed as of June 1, 2019. (For further information and breakdown of the goodwill impairment charge by segment, see Note 8, Goodwill and Intangible Assets).

(b)Consists primarily of corporate general and administrative expenses.

(c)Depreciation and amortization is included in income (loss) from construction operations.

(d)During the six months ended June 30, 2018, the Company recorded a charge of $17.8 million in income from construction operations (an after-tax impact of $12.8 million, or $0.25 per diluted share), which was primarily non-cash, as a result of the unexpected outcome of an arbitration decision related to a subcontract back charge dispute on a Civil segment project in New York that was completed in 2013.

Reconciliation of Segment Results to Consolidated Income Before Income Taxes

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands)

2019

2018

2019

2018

Income (loss) from construction operations

$

(341,717)

$

54,815

$

(318,804)

$

53,890

Other income, net

900

1,050

1,322

1,830

Interest expense

(17,522)

(15,998)

(33,947)

(31,063)

Income (loss) before income taxes

$

(358,339)

$

39,867

$

(351,429)

$

24,657
Schedule of Assets by Segment

As of

As of

(in thousands)

June 30, 2019

December 31, 2018

Civil

$

2,545,572

$

2,574,326

Building

961,287

913,746

Specialty Contractors

607,008

745,313

Corporate and other(a)

299,629

154,367

Total assets

$

4,413,496

$

4,387,752

(a)Consists principally of cash, equipment, tax-related assets and insurance-related assets, offset by the elimination of assets related to intersegment revenue.