Segment Information

12 Months Ended

Jun. 30, 2016

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 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, LIN/LOX, LPG tanks and other specialty vessels including spheres. Finally, we offer AST products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems and floating roof seals.

The Industrial segment includes construction and maintenance work in the iron and steel and mining and minerals industries. Our work in the mining and minerals industry is primarily for customers engaged in the extraction of copper. We also perform work in bulk material handling and fertilizer production facilities, thermal vacuum chambers, and 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, 2016
Gross revenues	$	349,011		$	252,973		$	564,738	$	149,744		$	—	$	1,316,466
Less: inter-segment revenues	—			3,178			1,226		145			—		4,549
Consolidated revenues	349,011			249,795			563,512		149,599			—		1,311,917
Gross profit	29,301			18,553			67,843		10,294			—		125,991
Operating income (loss)	11,144			(3,503		)	33,449		(208		)	—		40,882
Segment assets	135,298			91,350			201,875		67,569			68,875		564,967
Capital expenditures	1,611			1,481			3,882		104			6,861		13,939
Depreciation and amortization expense	5,008			4,811			8,124		3,498			—		21,441
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			47,386		561,689
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

Geographical information is as follows:

	Revenues
	Twelve Months Ended
	June 30, 2016		June 30, 2015		June 30, 2014
	(In thousands)
United States	$	1,127,893	$	1,205,713	$	1,149,262
Canada	178,603		137,422		113,827
Other international	5,421		—		—
	$	1,311,917	$	1,343,135	$	1,263,089

	Long-Lived Assets
	June 30, 2016		June 30, 2015		June 30, 2014
	(In thousands)
United States	$	158,970	$	166,132	$	164,894
Canada	19,915		22,086		28,490
Other international	10,636		—		—
	$	189,521	$	188,218	$	193,384

Information about Significant Customers

In fiscal 2016, one customer accounted for 14.8% of our consolidated revenue and 38.9% and 10.2% of our Electrical Infrastructure and Storage Solutions revenue, respectively. Another customer accounted for 10.6% of our consolidated revenue and 24.7% of our Storage Solutions revenue. Three other customers accounted for 16.6%, 14.4%, and 12.7% of our Electrical Infrastructure revenue, and another customer accounted for 19.3% of our Storage Solutions revenue. An additional two customers accounted for 20.2% and 11.2% of our Oil Gas & Chemical revenue, respectively. Three other customers accounted for 36.9%, 20.1% and 14.0% of our Industrial revenue, respectively.

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.