Reportable Segment Information

3 Months Ended

Mar. 31, 2024

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 March 31,	Construction		Materials		Total
2024
Total revenue from reportable segments	$	595,213	$	88,704	$	683,917
Elimination of intersegment revenue	—		(11,642)		(11,642)
Revenue from external customers	$	595,213	$	77,062	$	672,275
Gross profit (loss)	$	56,828	$	(2,543)	$	54,285
Depreciation, depletion and amortization	$	13,703	$	10,477	$	24,180
Segment assets as of period end	$	594,437	$	562,581	$	1,157,018
2023
Total revenue from reportable segments	$	503,416	$	71,920	$	575,336
Elimination of intersegment revenue	—		(15,268)		(15,268)
Revenue from external customers	$	503,416	$	56,652	$	560,068
Gross profit (loss)	$	36,705	$	(4,346)	$	32,359
Depreciation, depletion and amortization	$	9,755	$	6,122	$	15,877
Segment assets as of period end	$	430,045	$	390,741	$	820,786

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

	Three Months Ended March 31,
(in thousands)	2024		2023
Total gross profit from reportable segments	$	54,285	$	32,359
Selling, general and administrative expenses	87,993		73,122
Other costs, net	11,010		4,523
Gain on sales of property and equipment, net	(1,418)		(2,037)
Total other income, net	(4,332)		(8,008)
Loss before income taxes	$	(38,968)	$	(35,241)