Segment Information (Notes)

3 Months Ended

Sep. 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 aboveground storage tanks (“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 liquefied natural gas (“LNG”), liquid nitrogen/liquid oxygen (“LIN/LOX”), liquid petroleum (“LPG”) tanks and other specialty vessels, including spheres. Finally, we offer AST 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 footnote included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2015. 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
	September 30, 2015		September 30, 2014
Gross revenues
Electrical Infrastructure	$	65,625	$	55,673
Oil Gas & Chemical	68,959		54,199
Storage Solutions	144,570		133,350
Industrial	41,335		79,360
Total gross revenues	$	320,489	$	322,582
Less: Inter-segment revenues
Electrical Infrastructure	$	—	$	—
Oil Gas & Chemical	648		840
Storage Solutions	334		59
Industrial	176		—
Total inter-segment revenues	$	1,158	$	899
Consolidated revenues
Electrical Infrastructure	$	65,625	$	55,673
Oil Gas & Chemical	68,311		53,359
Storage Solutions	144,236		133,291
Industrial	41,159		79,360
Total consolidated revenues	$	319,331	$	321,683
Gross profit (loss)
Electrical Infrastructure	$	4,708	$	(489	)
Oil Gas & Chemical	5,683		4,386
Storage Solutions	20,232		14,518
Industrial	3,961		9,964
Total gross profit	$	34,584	$	28,379
Operating income (loss)
Electrical Infrastructure	$	1,200	$	(3,656	)
Oil Gas & Chemical	1,416		578
Storage Solutions	11,549		7,103
Industrial	936		4,522
Total operating income	$	15,101	$	8,547

Total assets by segment were as follows:

	September 30, 2015		June 30, 2015
Electrical Infrastructure	$	136,564	$	129,725
Oil Gas & Chemical	101,988		108,960
Storage Solutions	172,900		172,857
Industrial	59,360		102,761
Unallocated assets	65,759		54,028
Total segment assets	$	536,571	$	568,331