Segment Information (Notes)

6 Months Ended

Dec. 31, 2014

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 construction and maintenance services to a variety of power generation facilities, such as combined cycle plants, natural gas fired power stations, and renewable energy installations. We also provide 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.

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 petrochemical, 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 (“ASTs”), 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. We also offer AST products including floating roof seals. Finally, the Storage Solutions segment includes balance of plant work in storage terminals and tank farms.

The Industrial segment includes construction and maintenance work in the iron and steel and mining and minerals industries, bulk material handling and 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 footnote included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014. Intersegment sales and transfers are recorded at cost; therefore, no intercompany profit or loss 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, 2014			December 31, 2013		December 31, 2014			December 31, 2013
Gross revenues
Electrical Infrastructure	$	58,533		$	37,180	$	114,206		$	70,057
Oil Gas & Chemical	76,419			62,121		130,618			124,913
Storage Solutions	129,987			180,655		263,337			289,201
Industrial	79,972			31,130		159,332			53,821
Total gross revenues	$	344,911		$	311,086	$	667,493		$	537,992
Less: Inter-segment revenues
Electrical Infrastructure	$	—		$	—	$	—		$	—
Oil Gas & Chemical	962			10		1,802			307
Storage Solutions	182			78		241			470
Industrial	887			—		887			—
Total inter-segment revenues	$	2,031		$	88	$	2,930		$	777
Consolidated revenues
Electrical Infrastructure	$	58,533		$	37,180	$	114,206		$	70,057
Oil Gas & Chemical	75,457			62,111		128,816			124,606
Storage Solutions	129,805			180,577		263,096			288,731
Industrial	79,085			31,130		158,445			53,821
Total consolidated revenues	$	342,880		$	310,998	$	664,563		$	537,215
Gross profit (loss)
Electrical Infrastructure	$	(16,058	)	$	3,854	$	(16,547	)	$	7,184
Oil Gas & Chemical	7,352			6,686		11,738			14,217
Storage Solutions	14,231			19,788		28,749			32,625
Industrial	10,430			3,822		20,394			5,600
Total gross profit	$	15,955		$	34,150	$	44,334		$	59,626
Operating income (loss)
Electrical Infrastructure	$	(18,522	)	$	860	$	(22,178	)	$	2,160
Oil Gas & Chemical	2,682			2,407		3,260			5,670
Storage Solutions	6,627			10,760		13,730			16,592
Industrial	5,542			790		10,064			1,157
Total operating income	$	(3,671	)	$	14,817	$	4,876		$	25,579

Total assets by segment were as follows:

	December 31, 2014		June 30, 2014
Electrical Infrastructure	$	113,071	$	120,264
Oil Gas & Chemical	79,843		72,406
Storage Solutions	200,391		200,493
Industrial	99,084		105,049
Unallocated assets	73,693		70,720
Total segment assets	$	566,082	$	568,932