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Business Segments
 3 Months Ended
Mar. 31, 2015
Business Segments [Abstract]  
Business Segments

(12)     Business Segments

 

The Company’s chief operating decision maker is the Chairman and Chief Executive Officer, who decides how to allocate resources and assess performance of the business segments. Generally, the Company evaluates performance of its operating segments on the basis of income from construction operations and cash flow.

 

The following table sets forth certain reportable segment information relating to the Company’s operation for the three months ended March 31, 2015 and 2014 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Specialty

 

 

 

 

 

 

 

 

Consolidated

(in thousands)

 

Civil

 

 

Building

 

Contractors

 

Totals

 

Corporate

 

 

Total

Three Months Ended March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$
392,876 

 

$
416,063 

 

$
293,017 

 

$
1,101,956 

 

$

 —

 

 

$
1,101,956 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Elimination of intersegment revenues

 

 
(18,202)

 

 
(17,233)

 

 
(56)

 

 
(35,491)

 

 

 —

 

 

 
(35,491)

Revenues from external customers

 

$
374,674 

 

$
398,830 

 

$
292,961 

 

$
1,066,465 

 

$

 —

 

 

$
1,066,465 

Income from construction operations

 

$
30,593 

 

$
(2,279)

 

$
10,524 

 

$
38,838 

 

$
(18,754)

*

 

$
20,084 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$
376,392 

 

$
311,315 

 

$
292,145 

 

$
979,852 

 

$

 —

 

 

$
979,852 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Elimination of intersegment revenues

 

 
(11,236)

 

 
(13,383)

 

 

 —

 

 
(24,619)

 

 

 —

 

 

 
(24,619)

Revenues from external customers

 

$
365,156 

 

$
297,932 

 

$
292,145 

 

$
955,233 

 

$

 —

 

 

$
955,233 

Income from construction operations

 

$
44,345 

 

$
1,823 

 

$
7,817 

 

$
53,985 

 

$
(12,488)

*

 

$
41,497 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*  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 March 31, 2015 and December 31, 2014 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

December 31, 2014

 

 

 

 

 

 

 

Building

 

$
684,116 

 

$
680,933 

Civil

 

 
1,722,877 

 

 
1,814,170 

Specialty Contractors

 

 
801,699 

 

 
775,162 

  Totals

 

$
3,208,692 

 

$
3,270,265 

Corporate *

 

 
557,788 

 

 
503,050 

Consolidated Total

 

$
3,766,480 

 

$
3,773,315 

 

* Consists principally of Cash and Cash Equivalents and corporate transportation equipment.