Business Segments

6 Months Ended

Jun. 30, 2012

Business Segments [Abstract]

Business Segments

(12)  Business 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, 2012 and 2011 (in thousands). As discussed in the Annual Report on Form 10-K for the fiscal year ended December 31, 2011, the Company completed a reorganization of its reportable segments during 2011, and as such, the Company has restated comparative prior period information for the reorganized reportable segments in the tables below.

	Reportable Segments
							Specialty			Management									Consolidated
	Building			Civil			Contractors			Services			Totals			Corporate			Total
Three Months Ended June 30, 2012
Total Revenues	$	331,924		$	327,072		$	275,902		$	64,773		$	999,671		$	-		$	999,671
Elimination of intersegment revenues		(1,664	)		(3,376	)		-			(9,285	)		(14,325	)		-			(14,325	)
Revenues from external customers		330,260			323,696			275,902			55,488			985,346			-			985,346
Income from Construction Operations
Before Impairment Charge		(14,487	)		25,762			19,868			1,852			32,995			(10,595	)*		22,400
Impairment Charge		(282,608	)		(65,503	)		(11,489	)		(16,974	)		(376,574	)		-			(376,574	)
Total		(297,095	)		(39,741	)		8,379			(15,122	)		(343,579	)		(10,595	)		(354,174	)
Three Months Ended June 30, 2011
Total Revenues	$	529,004		$	148,304		$	87,200		$	78,440		$	842,948		$	-		$	842,948
Elimination of intersegment revenues		(3,842	)		(1,840	)		-			(17,408	)		(23,090	)		-			(23,090	)
Revenues from external customers		525,162			146,464			87,200			61,032			819,858			-			819,858
Income from Construction Operations		23,575			14,875			1,754			6,519			46,723			(9,688	)*		37,035

	Reportable Segments
							Specialty			Management									Consolidated
	Building			Civil			Contractors			Services			Totals			Corporate			Total
Six Months Ended June 30, 2012
Total Revenues	$	674,963		$	577,661		$	543,638		$	132,885		$	1,929,147		$	-		$	1,929,147
Elimination of intersegment revenues		(3,909	)		(4,592	)		(298	)		(22,468	)		(31,267	)		-			(31,267	)
Revenues from external customers		671,054			573,069			543,340			110,417			1,897,880			-			1,897,880
Income from Construction Operations
Before Impairment Charge		(23,384	)		42,604			39,616			3,738			62,574			(23,211	)*		39,363
Impairment Charge		(282,608	)		(65,503	)		(11,489	)		(16,974	)		(376,574	)		-			(376,574	)
Total		(305,992	)		(22,899	)		28,127			(13,236	)		(314,000	)		(23,211	)		(337,211	)
Six Months Ended June 30, 2011
Total Revenues	$	894,487		$	276,952		$	178,885		$	124,475		$	1,474,799		$	-		$	1,474,799
Elimination of intersegment revenues		(8,705	)		(5,443	)		-			(25,504	)		(39,652	)		-			(39,652	)
Revenues from external customers		885,782			271,509			178,885			98,971			1,435,147			-			1,435,147
Income from Construction Operations		34,827			27,927			2,682			9,160			74,596			(19,048	)*		55,548

* Consists primarily of corporate general and administrative expenses.

The following table sets forth certain reportable segment information relating to the Company's total assets as of June 30, 2012 and December 31, 2011 (in thousands):

	Total Assets as of
	June 30, 2012		December 31, 2011
Building	$	696,963	$	1,125,632
Civil		1,051,891		1,102,471
Specialty Contractors		662,818		597,986
Management Services		178,477		182,583
		2,590,149		3,008,672
Corporate *		586,423		604,455
Total	$	3,176,572	$	3,613,127

* Consists principally of cash and cash equivalents, corporate transportation equipment, and other investments available for general corporate purposes