Segment Information (Notes)

6 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

We operate our business through four reportable segments: Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions, and Industrial.

The Electrical Infrastructure segment primarily encompasses high voltage services to investor owned utilities, including construction of new substations, upgrades of existing substations, short-run transmission line installations, distribution upgrades and maintenance, and storm restoration services. We also provide construction and maintenance services to a variety of power generation facilities, such as combined cycle plants, gas fired power stations, and renewable energy installations.

The Oil Gas & Chemical segment includes our traditional turnaround activities, plant maintenance services and construction in the downstream petroleum industry. Another key offering is industrial cleaning services, which include hydroblasting, hydroexcavating, chemical cleaning and vacuum services. We also perform work in the industrial and natural gas, gas processing and compression, and upstream petroleum markets.

The Storage Solutions segment includes new construction of crude and refined products aboveground storage tanks, as well as planned and emergency maintenance services. Also included in the Storage Solutions segment is work related to specialty storage tanks including liquefied natural gas (“LNG”), liquid nitrogen/liquid oxygen (“LIN/LOX”), liquid petroleum (“LPG”) tanks and other specialty vessels including spheres. Finally, the Storage Solutions segment includes balance of plant work in storage terminals and tank farms.

The Industrial segment includes work in the iron and steel and mining and minerals industries, bulk material handling, fertilizer production facilities, as well as work for clients in other industrial markets.

The Company evaluates performance and allocates resources based on operating income. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. Intersegment sales and transfers are recorded at cost; therefore, no intercompany profit or loss is recognized.

Segment assets consist primarily of accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts, property, plant and equipment, goodwill and other intangible assets.

Results of Operations

(In thousands)

	Three Months Ended					Six Months Ended
	December 31, 2013		December 31, 2012			December 31, 2013		December 31, 2012
Gross revenues
Electrical Infrastructure	$	37,180	$	50,123		$	70,057	$	83,393
Oil Gas & Chemical	62,121		66,635			124,913		133,732
Storage Solutions	180,655		98,183			289,201		203,601
Industrial	31,130		7,033			53,821		12,008
Total gross revenues	$	311,086	$	221,974		$	537,992	$	432,734
Less: Inter-segment revenues
Electrical Infrastructure	$	—	$	—		$	—	$	—
Oil Gas & Chemical	10		—			307		—
Storage Solutions	78		538			470		1,690
Industrial	—		—			—		—
Total inter-segment revenues	$	88	$	538		$	777	$	1,690
Consolidated revenues
Electrical Infrastructure	$	37,180	$	50,123		$	70,057	$	83,393
Oil Gas & Chemical	62,111		66,635			124,606		133,732
Storage Solutions	180,577		97,645			288,731		201,911
Industrial	31,130		7,033			53,821		12,008
Total consolidated revenues	$	310,998	$	221,436		$	537,215	$	431,044
Gross profit (loss)
Electrical Infrastructure	$	3,854	$	6,629		$	7,184	$	11,335
Oil Gas & Chemical	6,686		8,045			14,217		15,912
Storage Solutions	19,788		7,748			32,625		17,717
Industrial	3,822		(89		)	5,600		(387		)
Total gross profit	$	34,150	$	22,333		$	59,626	$	44,577
Operating income (loss)
Electrical Infrastructure	$	860	$	3,696		$	2,160	$	6,015
Oil Gas & Chemical	2,407		3,927			5,670		7,702
Storage Solutions	10,760		1,550			16,592		4,999
Industrial	790		(401		)	1,157		(2,020		)
Total operating income	$	14,817	$	8,772		$	25,579	$	16,696
Segment assets (A)
Electrical Infrastructure	$	89,205	$	72,229		$	89,205	$	72,229
Oil Gas & Chemical	71,086		76,044			71,086		76,044
Storage Solutions	179,666		163,906			179,666		163,906
Industrial	104,043		14,555			104,043		14,555
Unallocated assets	91,907		49,340			91,907		49,340
Total segment assets	$	535,907	$	376,074		$	535,907	$	376,074

(A) December 31, 2013 balances include the assets of Matrix NAC and are allocated to the Electrical Infrastructure, Oil Gas & Chemical, and Industrial segments in the amounts of $38.6 million, $3.3 million and $69.6 million, respectively. Unallocated assets includes $36.3 million of Goodwill related to the acquisition. As previously noted, we are currentlyassessing the impact of the acquisition on our reporting units and expect to have the Goodwill analysis complete in the third quarter of fiscal 2014.