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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2019
Business Segments [Abstract]  
Reportable Segments

Reportable Segments

Specialty

Consolidated

(in thousands)

Civil

Building

Contractors

Total

Corporate

Total

Three Months Ended September 30, 2019

Total revenue

$

591,884

$

421,241

$

249,453

$

1,262,578

$

—

$

1,262,578

Elimination of intersegment revenue

(67,338)

(5,895)

—

(73,233)

—

(73,233)

Revenue from external customers

$

524,546

$

415,346

$

249,453

$

1,189,345

$

—

$

1,189,345

Income (loss) from construction operations

$

50,695

$

7,580

$

7,247

$

65,522

$

(17,579)

(a)

$

47,943

Capital expenditures

$

22,497

$

144

$

325

$

22,966

$

365

$

23,331

Depreciation and amortization(b)

$

11,953

$

495

$

1,018

$

13,466

$

2,761

$

16,227

Three Months Ended September 30, 2018

Total revenue

$

479,581

$

457,304

$

236,157

$

1,173,042

$

—

$

1,173,042

Elimination of intersegment revenue

(48,093)

(1,812)

—

(49,905)

—

(49,905)

Revenue from external customers

$

431,488

$

455,492

$

236,157

$

1,123,137

$

—

$

1,123,137

Income (loss) from construction operations

$

41,282

$

8,853

$

11,561

$

61,696

$

(14,390)

(a)

$

47,306

Capital expenditures

$

15,364

$

277

$

70

$

15,711

$

397

$

16,108

Depreciation and amortization(b)

$

8,031

$

488

$

1,081

$

9,600

$

2,817

$

12,417

____________________________________________________________________________________________________

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

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

Reportable Segments

Specialty

Consolidated

(in thousands)

Civil

Building

Contractors

Total

Corporate

Total

Nine Months Ended September 30, 2019

Total revenue

$

1,516,623

$

1,291,043

$

664,279

$

3,471,945

$

—

$

3,471,945

Elimination of intersegment revenue

(184,925)

(13,913)

—

(198,838)

—

(198,838)

Revenue from external customers

$

1,331,698

$

1,277,130

$

664,279

$

3,273,107

$

—

$

3,273,107

Income (loss) from construction operations

$

(72,032)

$

6,903

$

(160,036)

$

(225,165)

(a)

$

(45,696)

(b)

$

(270,861)

Capital expenditures

$

60,948

$

349

$

558

$

61,855

$

822

$

62,677

Depreciation and amortization(c)

$

31,608

$

1,495

$

3,143

$

36,246

$

8,295

$

44,541

Nine Months Ended September 30, 2018

Total revenue

$

1,266,595

$

1,395,896

$

781,591

$

3,444,082

$

—

$

3,444,082

Elimination of intersegment revenue

(169,520)

(3,184)

—

(172,704)

—

(172,704)

Revenue from external customers

$

1,097,075

$

1,392,712

$

781,591

$

3,271,378

$

—

$

3,271,378

Income (loss) from construction operations(d)

$

93,560

$

27,814

$

26,250

$

147,624

$

(46,428)

(b)

$

101,196

Capital expenditures

$

61,912

$

1,147

$

704

$

63,763

$

648

$

64,411

Depreciation and amortization(c)

$

20,356

$

1,458

$

3,299

$

25,113

$

8,468

$

33,581

____________________________________________________________________________________________________

(a)During the nine months ended September 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.

(d)During the nine months ended September 30, 2018, the Company recorded a charge of $17.8 million in income (loss) 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 September 30,

Nine Months Ended September 30,

(in thousands)

2019

2018

2019

2018

Income (loss) from construction operations

$

47,943

$

47,306

$

(270,861)

$

101,196

Other income, net

1,674

1,909

2,996

3,739

Interest expense

(17,305)

(16,411)

(51,252)

(47,474)

Income (loss) before income taxes

$

32,312

$

32,804

$

(319,117)

$

57,461
Schedule of Assets by Segment

As of

As of

(in thousands)

September 30, 2019

December 31, 2018

Civil

$

2,791,537

$

2,574,326

Building

965,917

913,746

Specialty Contractors

644,016

745,313

Corporate and other(a)

93,438

154,367

Total assets

$

4,494,908

$

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.