Business Segments (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Reportable Segments

The following tables set forth certain reportable segment information relating to the Company’s operations for the three months ended March 31, 2021 and 2020:

	Reportable Segments
(in thousands)	Civil		Building		Specialty Contractors		Total		Corporate			Consolidated Total
Three Months Ended March 31, 2021
Total revenue	$	583,144	$	457,170	$	324,948	$	1,365,262	$	—		$	1,365,262
Elimination of intersegment revenue	(107,569)		(49,937)		(161)		(157,667)		—			(157,667)
Revenue from external customers	$	475,575	$	407,233	$	324,787	$	1,207,595	$	—		$	1,207,595
Income (loss) from construction operations	$	50,105	$	11,216	$	1,324	$	62,645	$	(12,941)	(a)	$	49,704
Capital expenditures	$	9,564	$	73	$	145	$	9,782	$	53		$	9,835
Depreciation and amortization(b)	$	22,713	$	432	$	959	$	24,104	$	2,770		$	26,874
Three Months Ended March 31, 2020
Total revenue	$	580,087	$	505,082	$	282,452	$	1,367,621	$	—		$	1,367,621
Elimination of intersegment revenue	(93,458)		(23,318)		(116)		(116,892)		—			(116,892)
Revenue from external customers	$	486,629	$	481,764	$	282,336	$	1,250,729	$	—		$	1,250,729
Income (loss) from construction operations	$	46,121	$	3,516	$	8,279	$	57,916	$	(10,689)	(a)	$	47,227
Capital expenditures	$	11,192	$	12	$	473	$	11,677	$	16		$	11,693
Depreciation and amortization(b)	$	18,616	$	427	$	993	$	20,036	$	2,775		$	22,811

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

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

Reconciliation of Segment Results to Consolidated Income Before Income Taxes

A reconciliation of segment results to the consolidated income before income taxes is as follows:

	Three Months Ended March 31,
(in thousands)	2021		2020
Income from construction operations	$	49,704	$	47,227
Other income, net	175		481
Interest expense	(17,810)		(16,436)
Income before income taxes	$	32,069	$	31,272

Total Assets for Reportable Segments

Total assets by segment were as follows:

(in thousands)	As of March 31, 2021		As of December 31, 2020
Civil	$	3,225,802	$	3,141,991
Building	1,032,928		1,147,649
Specialty Contractors	658,982		673,891
Corporate and other(a)	28,295		82,086
Total assets	$	4,946,007	$	5,045,617

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