Segment Information

12 Months Ended

Jun. 30, 2015

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 ASTs, as well as planned and emergency maintenance services. The Storage Solutions segment also includes balance of plant work in storage terminals and tank farms. Also included in the Storage Solutions segment is work related to specialty storage tanks including LNG, liquid nitrogen/liquid oxygen LIN/LOX, LPG tanks and other specialty vessels including spheres. Finally, we also offer aboveground storage tank products including floating roof seals.

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. 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 and goodwill.

Results of Operations

(In thousands)

	Electrical Infrastructure			Oil Gas & Chemical		Storage Solutions		Industrial			Unallocated Corporate		Total
Twelve months ended June 30, 2015
Gross revenues	$	257,930		$	310,826	$	504,155	$	281,319		$	—	$	1,354,230
Less: inter-segment revenues	—			5,466		1,032		4,597			—		11,095
Consolidated revenues	257,930			305,360		503,123		276,722			—		1,343,135
Gross profit (loss)	(31,444		)	25,394		58,085		35,335			—		87,370
Operating income (loss)	(44,293		)	7,064		29,069		16,962			—		8,802
Segment assets	129,725			108,960		172,857		102,761			54,028		568,331
Capital expenditures	579			3,858		2,396		1,139			7,801		15,773
Depreciation and amortization expense	4,915			4,772		7,298		6,495			—		23,480
Twelve months ended June 30, 2014
Gross revenues	$	205,570		$	240,131	$	611,826	$	206,933		$	—	$	1,264,460
Less: inter-segment revenues	—			441		930		—			—		1,371
Consolidated revenues	205,570			239,690		610,896		206,933			—		1,263,089
Gross profit	20,629			26,912		68,448		20,484			—		136,473
Operating income	7,703			9,939		34,310		6,655			—		58,607
Segment assets	120,264			72,406		200,493		105,049			70,720		568,932
Capital expenditures	9,055			5,421		2,519		1,157			5,437		23,589
Depreciation and amortization expense	3,292			3,768		7,707		3,751			—		18,518
Twelve months ended June 30, 2013
Gross revenues	$	171,204		$	273,979	$	395,794	$	54,321		$	—	$	895,298
Less: inter-segment revenues	—			131		2,593		—			—		2,724
Consolidated revenues	171,204			273,848		393,201		54,321			—		892,574
Gross profit	21,754			32,879		37,455		2,614			—		94,702
Operating income (loss)	11,185			15,415		11,904		(1,790		)	—		36,714
Segment assets	64,771			75,591		159,149		27,347			83,120		409,978
Capital expenditures	2,129			2,942		9,929		1,645			6,586		23,231
Depreciation and amortization expense	2,167			2,943		6,740		932			—		12,782

Geographical information is as follows:

	Revenues
	Twelve Months Ended
	June 30, 2015		June 30, 2014		June 30, 2013
	(In thousands)
United States	$	1,205,713	$	1,149,262	$	814,879
Canada	137,422		113,827		77,695
	$	1,343,135	$	1,263,089	$	892,574

	Long-Lived Assets
	June 30, 2015		June 30, 2014		June 30, 2013
	(In thousands)
United States	$	164,596	$	164,894	$	101,581
Canada	21,966		28,490		12,378
	$	186,562	$	193,384	$	113,959

Information about Significant Customers

In fiscal 2015, one customer accounted for 12.3% of our consolidated revenue and 33.0% of our Storage Solutions revenue. Another customer accounted for 10.9%of our Storage Solutions revenue. Five other customers accounted for 25.1%, 16.3%, 14.7%, 12.7% and 12.7% of our Electrical Infrastructure revenue, respectively. An additional two customers accounted for 17.7% and 12.3% of our Oil Gas & Chemical revenue, respectively. Three other customers accounted for 34.0%, 27.6%, and 19.0% of our Industrial revenue, respectively.

In fiscal 2014, two customers accounted for 17.3% and 12.7% of our consolidated revenue and 35.8% and 26.3% of our Storage Solutions revenue, respectively. Four other customers accounted for 20.8%, 17.5%, 17.0%, and 10.8% of our Electrical Infrastructure revenue, respectively. An additional three customers accounted for 18.3%, 14.0%, and 10.2% of our Oil Gas & Chemical revenue, respectively. Five more customers accounted for 23.3%, 15.1%, 13.0%, 12.7%, and 11.3% of our Industrial revenue, respectively.

In fiscal 2013, one customer accounted for 10.7% of our consolidated revenue and 24.3% of our Storage Solutions revenue and an additional customer accounted for 10.6% of our Storage Solutions revenue. Four other customers accounted for 24.9%, 19.6%, 12.6% and 11.1% of our Electrical Infrastructure revenue, respectively. An additional three customers accounted for 20.7%, 16.1% and 10.0% of our Oil Gas & Chemical revenue, respectively. Three more customers accounted for 23.3%, 20.5% and 16.4% of our Industrial revenue, respectively.