Reportable Segment Information

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Reportable Segment Information

Reportable Segment Information

Our reportable segments are the same as our operating segments and correspond with how our chief operating decision maker, or decision-making group (our “CODM”), regularly reviews financial information to allocate resources and assess performance. We identified our CODM as our Chief Executive Officer and our Chief Operating Officer. Our reportable segments are: Construction and Materials.

Summarized segment information is as follows (in thousands):

Three months ended September 30,	Construction		Materials		Total
2023
Total revenue from reportable segments	$	945,698	$	245,060	$	1,190,758
Elimination of intersegment revenue	—		(73,938)		(73,938)
Revenue from external customers	$	945,698	$	171,122	$	1,116,820
Gross profit	$	137,162	$	29,481	$	166,643
Depreciation, depletion and amortization	$	11,239	$	7,431	$	18,670
2022 (As Restated)
Total revenue from reportable segments	$	847,371	$	233,261	$	1,080,632
Elimination of intersegment revenue	—		(71,722)		(71,722)
Revenue from external customers	$	847,371	$	161,539	$	1,008,910
Gross profit	$	93,017	$	22,038	$	115,055
Depreciation, depletion and amortization	$	18,262	$	6,870	$	25,132

Nine Months Ended September 30,	Construction		Materials		Total
2023
Total revenue from reportable segments	$	2,198,527	$	523,813	$	2,722,340
Elimination of intersegment revenue	—		(146,900)		(146,900)
Revenue from external customers	$	2,198,527	$	376,913	$	2,575,440
Gross profit	$	253,021	$	49,067	$	302,088
Depreciation, depletion and amortization	$	31,232	$	20,644	$	51,876
Segment assets as of period end	$	449,354	$	421,766	$	871,120
2022 (As Restated)
Total revenue from reportable segments	$	2,138,858	$	506,228	$	2,645,086
Elimination of intersegment revenue	—		(133,043)		(133,043)
Revenue from external customers	$	2,138,858	$	373,185	$	2,512,043
Gross profit	$	231,748	$	40,965	$	272,713
Depreciation, depletion and amortization	$	31,651	$	20,007	$	51,658
Segment assets as of period end	$	434,604	$	351,520	$	786,124

A reconciliation of segment gross profit to consolidated income before income taxes is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
			As Restated				As Restated
(in thousands)	2023		2022		2023		2022
Total gross profit from reportable segments	$	166,643	$	115,055	$	302,088	$	272,713
Selling, general and administrative expenses	74,794		61,795		212,479		192,036
Other costs, net	19,843		(490)		37,973		22,401
Gain on sales of property and equipment, net	(1,812)		(949)		(7,793)		(10,462)
Total other (income) expense, net	(6,101)		(2,789)		29,573		1,747
Income before income taxes	$	79,919	$	57,488	$	29,856	$	66,991