Segment Information (Notes)

3 Months Ended

Sep. 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 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 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 footnote included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2016. Intersegment sales and transfers are recorded at cost; therefore, no intersegment profit or loss is recognized.

Segment assets consist primarily of cash and cash equivalents, 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, 2016			September 30, 2015
Gross revenues
Electrical Infrastructure	$	88,025		$	65,625
Oil Gas & Chemical	37,828			68,959
Storage Solutions	199,650			144,570
Industrial	22,727			41,335
Total gross revenues	$	348,230		$	320,489
Less: Inter-segment revenues
Oil Gas & Chemical	$	5,286		$	648
Storage Solutions	128			334
Industrial	1,035			176
Total inter-segment revenues	$	6,449		$	1,158
Consolidated revenues
Electrical Infrastructure	$	88,025		$	65,625
Oil Gas & Chemical	32,542			68,311
Storage Solutions	199,522			144,236
Industrial	21,692			41,159
Total consolidated revenues	$	341,781		$	319,331
Gross profit
Electrical Infrastructure	$	5,250		$	4,708
Oil Gas & Chemical	1			5,683
Storage Solutions	26,453			20,232
Industrial	574			3,961
Total gross profit	$	32,278		$	34,584
Operating income (loss)
Electrical Infrastructure	$	1,057		$	1,200
Oil Gas & Chemical	(2,905		)	1,416
Storage Solutions	16,773			11,549
Industrial	(624		)	936
Total operating income	$	14,301		$	15,101

Total assets by segment were as follows:

	September 30, 2016		June 30, 2016
Electrical Infrastructure	$	143,699	$	135,298
Oil Gas & Chemical	78,474		91,350
Storage Solutions	238,205		201,875
Industrial	61,826		67,569
Unallocated assets	47,019		68,875
Total segment assets	$	569,223	$	564,967