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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2019
Business Segments [Abstract]  
Reportable Segments

Reportable Segments

Specialty

Segment

Consolidated

(in thousands)

Civil

Building

Contractors

Total

Corporate

Total

Year ended December 31, 2019

Total revenue

$

2,054,097

$

1,764,753

$

929,738

$

4,748,588

$

—

$

4,748,588

Elimination of intersegment revenue

(274,745)

(22,713)

(298)

(297,756)

—

(297,756)

Revenue from external customers

$

1,779,352

$

1,742,040

$

929,440

$

4,450,832

$

—

$

4,450,832

Income (loss) from construction operations(a)

$

(150,837)

$

23,655

$

(172,637)

$

(299,819)

$

(65,188)

(b)

$

(365,007)

Capital expenditures

$

82,156

$

518

$

688

$

83,362

$

834

$

84,196

Depreciation and amortization(c)

$

47,905

$

1,934

$

4,136

$

53,975

$

11,069

$

65,044

Year ended December 31, 2018

Total revenue

$

1,810,232

$

1,866,902

$

1,006,870

$

4,684,004

$

—

$

4,684,004

Elimination of intersegment revenue

(224,139)

(5,203)

—

(229,342)

—

(229,342)

Revenue from external customers

$

1,586,093

$

1,861,699

$

1,006,870

$

4,454,662

$

—

$

4,454,662

Income (loss) from construction operations(d)

$

168,256

$

43,939

$

43,430

$

255,625

$

(63,749)

(b)

$

191,876

Capital expenditures

$

73,866

$

1,655

$

777

$

76,298

771

77,069

Depreciation and amortization(c)

$

29,685

$

1,956

$

4,358

$

35,999

$

11,268

$

47,267

Year ended December 31, 2017

Total revenue

$

1,856,164

$

1,982,857

$

1,213,708

$

5,052,729

$

—

$

5,052,729

Elimination of intersegment revenue

(253,989)

(41,532)

—

(295,521)

—

(295,521)

Revenue from external customers

$

1,602,175

$

1,941,325

$

1,213,708

$

4,757,208

$

—

$

4,757,208

Income (loss) from construction operations

$

192,207

$

34,199

$

18,938

$

245,344

$

(65,867)

(b)

$

179,477

Capital expenditures

$

27,694

$

267

$

721

$

28,682

$

1,598

$

30,280

Depreciation and amortization(c)

$

33,767

$

2,021

$

4,699

$

40,487

$

11,443

$

51,930

_____________________________________________________________________________________________________________

(a)During the year ended December 31, 2019, the Company recorded a non-cash goodwill impairment charge of $379.9 million in income (loss) from construction operations (an after-tax impact of $330.5 million, or $6.58 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 6. In addition, during the year ended December 31, 2019 the Company recorded a charge of $166.8 million in income (loss) from construction operations (an after-tax impact of $119.4 million, or $2.38 per diluted share), which principally impacted the Civil segment, as a result of the adverse jury verdict on the Alaskan Way Viaduct Matter, as discussed in Note 8. Lastly, the Company recognized a one-time gain of $37.8 million (an after-tax impact of $27.1 million, or $0.54 per diluted share) in Civil segment general and administrative expenses related to a remeasurement of its investment in a joint venture (see Note 13).

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

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

(d)During the year ended December 31, 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 adverse 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.
Total Assets for Reportable Segments

As of December 31,

(in thousands)

2019

2018

Civil

$

2,791,402

$

2,574,326

Building

995,298

913,746

Specialty Contractors

635,180

745,313

Corporate and other(a)

63,897

154,367

Total assets

$

4,485,777

$

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.
Principal Geographical Areas

Year Ended December 31,

(in thousands)

2019

2018

2017

Revenue:

United States

$

4,073,691

$

4,180,206

$

4,613,644

Foreign and U.S. territories

377,141

274,456

143,564

Total revenue

$

4,450,832

$

4,454,662

$

4,757,208

As of December 31,

(in thousands)

2019

2018

Assets:

United States

$

4,271,722

$

4,225,143

Foreign and U.S. territories

214,055

162,609

Total assets

$

4,485,777

$

4,387,752
Reconciliation of Segment Results to Consolidated Income Before Income Taxes

Year Ended December 31,

(in thousands)

2019

2018

2017

Income (loss) from construction operations

$

(365,007)

$

191,876

$

179,477

Other income, net

6,667

4,256

43,882

Interest expense

(67,494)

(63,519)

(69,384)

Income (loss) before income taxes

$

(425,834)

$

132,613

$

153,975