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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Reportable Segments
The following tables set forth certain reportable segment information relating to the Company’s operations for the three and six months ended June 30, 2021 and 2020:
Reportable Segments
(in thousands)CivilBuildingSpecialty
Contractors		TotalCorporateConsolidated
Total
Three Months Ended June 30, 2021
Total revenue$643,055 $415,801 $281,370 $1,340,226 $— $1,340,226 
Elimination of intersegment revenue(87,703)(33,141)(139)(120,983)— (120,983)
Revenue from external customers$555,352 $382,660 $281,231 $1,219,243 $— $1,219,243 
Income (loss) from construction operations$75,073 $(2,488)$9,960 $82,545 
(a)
$(13,792)
(b)
$68,753 
Capital expenditures$8,616 $51 $19 $8,686 $339 $9,025 
Depreciation and amortization(c)
$31,178 $424 $892 $32,494 $2,767 $35,261 
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 
(d)
$(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 
____________________________________________________________________________________________________
(a)During the three months ended June 30, 2021, the Company recorded a reduction of $20.1 million in cost of operations (an after-tax impact of $14.6 million, or $0.28 per diluted share) due to a favorable legal judgment on a completed electrical project in New York in the Specialty Contractors segment. The judgment awarded the Company the recovery of certain costs previously incurred.
(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, 2020, the Company recorded a charge of $13.2 million in income (loss) from construction operations (an 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.
Reportable Segments
(in thousands)CivilBuildingSpecialty
Contractors		TotalCorporateConsolidated
Total
Six Months Ended June 30, 2021
Total revenue$1,226,199 $872,971 $606,318 $2,705,488 $— $2,705,488 
Elimination of intersegment revenue(195,272)(83,078)(300)(278,650)— (278,650)
Revenue from external customers$1,030,927 $789,893 $606,018 $2,426,838 $— $2,426,838 
Income (loss) from construction operations$125,178 $8,728 $11,284 $145,190 
(a)
$(26,733)
(b)
$118,457 
Capital expenditures$18,180 $124 $164 $18,468 $392 $18,860 
Depreciation and amortization(c)
$53,891 $856 $1,851 $56,598 $5,537 $62,135 
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 
(d)
$(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 
____________________________________________________________________________________________________
(a)During the six months ended June 30, 2021, the Company recorded a reduction of $20.1 million in cost of operations (an after-tax impact of $14.6 million, or $0.28 per diluted share) due to a favorable legal judgment on a completed electrical project in New York in the Specialty Contractors segment. The judgment awarded the Company the recovery of certain costs previously incurred.
(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, 2020, the Company recorded a charge of $13.2 million in income (loss) from construction operations (an 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.
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 June 30,Six Months Ended June 30,
(in thousands)2021202020212020
Income from construction operations$68,753 $57,696 $118,457 $104,923 
Other income (expense)1,431 (797)1,606 (316)
Interest expense(17,938)(16,464)(35,748)(32,900)
Income before income taxes$52,246 $40,435 $84,315 $71,707 
Total Assets for Reportable Segments
Total assets by segment were as follows:
(in thousands)As of June 30,
2021		As of December 31,
2020
Civil$3,253,753 $3,141,991 
Building1,052,374 1,147,649 
Specialty Contractors659,633 673,891 
Corporate and other(a)
(73,660)82,086 
Total assets$4,892,100 $5,045,617 
____________________________________________________________________________________________________
(a)Consists principally of cash, equipment, tax-related assets and insurance-related assets, offset by the elimination of assets related to intersegment revenue.