Note 19 - Reportable Segment Information

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

19.  Reportable Segment Information

During the fourth quarter of 2021, we updated our strategy to focus on our core business capabilities, to leverage our current geographic based home markets in the civil construction and materials business and to target expansion based upon that combined strategy. In addition, we revised the financial information our chief operating decision maker, or decision-making group (our “CODM”), regularly reviews to allocate resources and assess our performance. This change is consistent with our new strategic plan and better aligns with our continuing civil construction and materials business. Our CODM now regularly reviews financial information regarding our two primary product lines, construction and materials as well as our operating groups. We identified our CODM as our Chief Executive Officer and our Chief Operating Officer.

As a result of these changes, in accordance with FASB ASC Topic 280, Segment Reporting, our reportable segments, which are the same as our operating segments, were changed to: Construction and Materials. The Construction segment replaces the previous Transportation, Water and Specialty reportable segments, with the composition of our Materials segment for our continuing operations remaining unchanged. These changes have been applied retrospectively for all periods presented.

Summarized segment information is as follows:

Three months ended March 31,		Construction		Materials			Total
2022
Total revenue from reportable segments	$	474,935	$	89,554		$	564,489
Elimination of intersegment revenue		—		(16,903	)		(16,903	)
Revenue from external customers	$	474,935	$	72,651		$	547,586
Gross profit	$	48,192	$	1,583		$	49,775
Depreciation, depletion and amortization	$	7,794	$	6,333		$	14,127
Segment assets	$	363,029	$	354,420		$	717,449

2021
Total revenue from reportable segments	$	506,971	$	70,452		$	577,423
Elimination of intersegment revenue		—		(11,091	)		(11,091	)
Revenue from external customers	$	506,971	$	59,361		$	566,332
Gross profit	$	52,769	$	943		$	53,712
Depreciation, depletion and amortization	$	6,618	$	5,337		$	11,955
Segment assets	$	360,894	$	329,815		$	690,709

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

Three Months Ended March 31,	2022			2021
Total gross profit from continuing operations	$	49,775		$	53,712
Selling, general and administrative expenses		58,501			61,161
Other costs (see Note 7)		8,214			74,309
Gain on sales of property and equipment		(332	)		(2,245	)
Total other expense, net		4,640			4,645
Loss from continuing operations before benefit from income taxes	$	(21,248	)	$	(84,158	)