Business Segments

9 Months Ended

Sep. 30, 2011

Business Segments [Abstract]

Business Segments

(12) Business Segments

As discussed in Note 6, during the third quarter of 2011 the Company completed a reorganization which resulted in the formation of the Specialty Contractors reporting segment.  The Specialty Contractors reporting segment consists of the following subsidiary companies: GreenStar, Fisk, Powerco, DMI (all previously included in the Building reporting segment), and Superior Gunite (“Superior”) (previously included in the Civil reporting segment).  The reorganization enables the Company to focus on vertical integration through increased self-performed work capabilities while maintaining the specialty contractors business with third parties, and it will strengthen the Company's position as a full-service contractor with greater control over scheduled delivery and risk management.

The following tables set forth certain reportable segment information relating to the Company's operations for the three and nine months ended September 30, 2011 and 2010 (in thousands).  In accordance with the accounting guidance on segment reporting, the Company has restated the comparative prior period information for the reorganized reportable segments:

	Three Months Ended September 30, 2011						Three Months Ended September 30, 2010
	Revenues			Income from Construction Operations			Revenues			Income from Construction Operations
Building	$	567,676		$	8,876		$	511,233		$	28,510
Civil		281,355			23,805			171,223			27,298
Specialty Contractors		335,921			33,132			24,088			(336	)
Management Services		85,482			5,383			41,544			2,934
Eliminations		(104,024	)		-			(16,282	)		-
		1,166,410			71,196			731,806			58,406
Corporate *		-			(9,160	)		-			(8,446	)
Total	$	1,166,410		$	62,036		$	731,806		$	49,960

	Nine Months Ended September 30, 2011						Nine Months Ended September 30, 2010
	Revenues			Income from Construction Operations			Revenues			Income from Construction Operations
Building	$	1,463,386		$	43,704		$	1,849,295		$	79,410
Civil		558,307			51,732			493,314			65,308
Specialty Contractors		514,809			35,812			93,892			10,761
Management Services		209,956			14,541			158,838			12,874
Eliminations		(144,901	)		-			(84,082	)		-
		2,601,557			145,789			2,511,257			168,353
Corporate *		-			(28,205	)		-			(28,385	)
Total	$	2,601,557		$	117,584		$	2,511,257		$	139,968

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* Consists primarily of corporate general and administrative expenses.

The following table set forth certain reportable segment information relating to the Company's total assets as of September 30, 2011 and December 31, 2010 (in thousands):

	Total Assets as of
	September 30, 2011		December 31, 2010
Building	$	1,118,714	$	1,152,439
Civil		1,082,509		626,397
Specialty Contractors		555,334		72,286
Management Services		160,958		147,921
		2,917,515		1,999,043
Corporate *		836,222		780,177
Total	$	3,753,737	$	2,779,220

* Consists principally of Cash and Cash Equivalents, corporate transportation equipment, and other   investments available for general corporate purposes