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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2020
Business Segments [Abstract]  
Reportable Segments

Reportable Segments

Specialty

Consolidated

(in thousands)

Civil

Building

Contractors

Total

Corporate

Total

Three Months Ended June 30, 2020

Total revenue

$

644,685

$

490,317

$

234,497

$

1,369,499

$

—

$

1,369,499

Elimination of intersegment revenue

(75,709)

(17,296)

(67)

(93,072)

—

(93,072)

Revenue from external customers

$

568,976

$

473,021

$

234,430

$

1,276,427

$

—

$

1,276,427

Income (loss) from construction operations

$

65,398

$

17,789

$

(11,388)

$

71,799

(a)

$

(14,103)

(b)

$

57,696

Capital expenditures

$

18,951

$

186

$

255

$

19,392

$

301

$

19,693

Depreciation and amortization(c)

$

21,775

$

428

$

995

$

23,198

$

2,767

$

25,965

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)

(d)

$

(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

____________________________________________________________________________________________________

(a)During the three months ended June 30, 2020, income (loss) from construction operations was impacted by $13.2 million (an unfavorable after-tax impact of $9.5 million, or $0.19 per diluted share) due to an adverse arbitration ruling pertaining to an electrical project in New York in the Specialty Contractors segment.

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

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

(d)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 construction 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.

Reportable Segments

Specialty

Consolidated

(in thousands)

Civil

Building

Contractors

Total

Corporate

Total

Six Months Ended June 30, 2020

Total revenue

$

1,224,771

$

995,400

$

516,949

$

2,737,120

$

—

$

2,737,120

Elimination of intersegment revenue

(169,166)

(40,615)

(183)

(209,964)

—

(209,964)

Revenue from external customers

$

1,055,605

$

954,785

$

516,766

$

2,527,156

$

—

$

2,527,156

Income (loss) from construction operations

$

111,519

$

21,305

$

(3,109)

$

129,715

(a)

$

(24,792)

(b)

$

104,923

Capital expenditures

$

30,143

$

198

$

728

$

31,069

$

317

$

31,386

Depreciation and amortization(c)

$

40,391

$

855

$

1,988

$

43,234

$

5,542

$

48,776

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)

(d)

$

(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

____________________________________________________________________________________________________

(a)During the six months ended June 30, 2020, income (loss) from construction operations was impacted by $13.2 million (an unfavorable after-tax impact of $9.5 million, or $0.19 per diluted share) due to an adverse arbitration ruling pertaining to an electrical project in New York in the Specialty Contractors segment.

(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, 2019, the Company recorded a non-cash goodwill impairment charge of $379.9 million in income (loss) from construction 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.
Reconciliation Of Segment Results To Consolidated Income Before Income Taxes

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands)

2020

2019

2020

2019

Income (loss) from construction operations

$

57,696

$

(341,717)

$

104,923

$

(318,804)

Other income (expense)

(797)

900

(316)

1,322

Interest expense

(16,464)

(17,522)

(32,900)

(33,947)

Income (loss) before income taxes

$

40,435

$

(358,339)

$

71,707

$

(351,429)
Total Assets For Reportable Segments

As of

As of

(in thousands)

June 30, 2020

December 31, 2019

Civil

$

3,084,528

$

2,791,402

Building

1,083,421

995,298

Specialty Contractors

664,161

635,180

Corporate and other(a)

(68,507)

63,897

Total assets

$

4,763,603

$

4,485,777

____________________________________________________________________________________________________

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