Segment Information

We operate our business through four reportable segments: Electrical Infrastructure; Oil, Gas & Chemical; Storage Solutions; and Industrial.

The Electrical Infrastructure segment consists of high voltage services provided to investor owned utilities, including construction of new substations, upgrades of existing substations, short-run transmission line installations, distribution upgrades and maintenance, as well as emergency and storm restoration services. We also provide construction and maintenance services to a variety of power generation facilities, such as combined cycle plants, and natural gas fired power stations.

The Oil, Gas & Chemical segment serves customers primarily in the downstream and midstream petroleum industries who are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids. We also perform work in the petrochemical, upstream petroleum, and sulfur extraction, recovery and processing markets. Our services include turnarounds, plant maintenance, engineering and capital construction. We also offer industrial cleaning services including hydro-blasting, hydro-excavating, advanced chemical cleaning and vacuum services.

The Storage Solutions segment consists of work related to aboveground storage tanks and terminals. Also included in this segment are cryogenic and other specialty storage tanks and terminals including liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, other specialty vessels such as spheres as well as marine structures and truck and rail loading/offloading facilities. Our services include engineering, fabrication and construction, maintenance and repair, which includes planned and emergency services of both tanks and full terminals. 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 consists of work for integrated iron and steel companies, major mining and minerals companies engaged primarily in the extraction of copper, as well as other companies in aerospace and defense, cement, agriculture and grain, food and other industries. Our services include engineering, fabrication and construction, maintenance and repair, which includes planned and emergency services. We also design instrumentation and control systems and offer specialized expertise in the design and construction of bulk material handling systems.

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 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)



	Electrical Infrastructure			Oil Gas & Chemical			Storage Solutions			Industrial			Unallocated Corporate		Total
Fiscal Year ended June 30, 2018
Gross revenues	$	255,931		$	324,546		$	319,106		$	198,155		$	—	$	1,097,738
Less: inter-segment revenues	—			1,774			4,410			1			—		6,185
Consolidated revenues	255,931			322,772			314,696			198,154			—		1,091,553
Gross profit	18,300			33,423			25,778			14,435			—		91,936
Operating income (loss)	(16,531		)	8,798			(5,907		)	3,161			—		(10,479		)
Segment assets	161,207			111,064			149,695			58,816			77,251		558,033
Capital expenditures	493			1,514			3,346			—			3,358		8,711
Depreciation and amortization expense	4,359			5,904			6,623			3,461			—		20,347
Fiscal Year ended June 30, 2017
Gross revenues	$	373,384		$	247,423		$	483,254		$	103,449		$	—	$	1,207,510
Less: inter-segment revenues	—			6,900			1,558			1,543			—		10,001
Consolidated revenues	373,384			240,523			481,696			101,906			—		1,197,509
Gross profit	7,137			12,675			55,651			5,540			—		81,003
Operating income (loss)	(8,309		)	(8,783		)	22,928			(977		)	—		4,859
Segment assets	183,351			129,177			166,742			53,754			53,006		586,030
Capital expenditures	1,390			829			2,017			38			7,634		11,908
Depreciation and amortization expense	5,198			6,299			7,277			2,828			—		21,602
Fiscal Year 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

Geographical information is as follows:



	Revenues
	Fiscal Years Ended
	June 30, 2018		June 30, 2017		June 30, 2016
	(In thousands)
United States	$	981,292	$	961,049	$	1,127,893
Canada	104,208		228,625		178,603
Other international	6,053		7,835		5,421
	$	1,091,553	$	1,197,509	$	1,311,917



	Long-Lived Assets
	June 30, 2018		June 30, 2017		June 30, 2016
	(In thousands)
United States	$	174,241	$	193,164	$	158,970
Canada	13,738		21,419		19,915
Other international	13,008		12,817		10,636
	$	200,987	$	227,400	$	189,521

Information about Significant Customers



	Significant Customers as a Percentage of Segment Revenues
	Consolidated		Electrical Infrastructure		Oil Gas & Chemical		Storage Solutions		Industrial
Fiscal Year ended June 30, 2018
Customer one	11.4	%	—	%	—	%	—	%	62.9	%
Customer two	8.6	%	—	%	29.0	%	—	%	—	%
Customer three	6.4	%	26.5	%	—	%	0.6	%	—	%
Customer four	6.0	%	25.4	%	—	%	—	%	—	%
Customer five	4.2	%	—	%	12.0	%	2.2	%	—	%
Customer six	3.2	%	—	%	10.8	%	—	%	—	%
Customer seven	3.2	%	—	%	—	%	10.9	%	—	%
Customer eight	3.0	%	12.9	%	—	%	—	%	—	%
Customer nine	2.7	%	—	%	—	%	—	%	14.7	%
Customer ten	2.3	%	10.0	%	—	%	—	%	—	%
Fiscal Year ended June 30, 2017
Customer one	19.5	%	—	%	—	%	48.5	%	—	%
Customer two	15.3	%	46.0	%	—	%	2.4	%	—	%
Customer three	5.2	%	—	%	25.8	%	—	%	—	%
Customer four	4.2	%	—	%	20.7	%	—	%	—	%
Customer five	4.0	%	12.7	%	—	%	—	%	—	%
Customer six	2.7	%	—	%	—	%	—	%	31.7	%
Customer seven	2.2	%	—	%	—	%	—	%	25.8	%
Fiscal Year ended June 30, 2016
Customer one	14.8	%	38.9	%	—	%	10.2	%	—	%
Customer two	10.6	%	—	%	—	%	24.7	%	—	%
Customer three	8.3	%	—	%	—	%	19.3	%	—	%
Customer four	4.4	%	16.6	%	—	%	—	%	—	%
Customer five	4.2	%	—	%	—	%	—	%	36.9	%
Customer six	3.9	%	—	%	20.2	%	—	%	—	%
Customer seven	3.8	%	14.4	%	—	%	—	%	—	%
Customer eight	3.4	%	12.7	%	—	%	—	%	—	%
Customer nine	2.3	%	—	%	—	%	—	%	20.1	%
Customer ten	2.1	%	—	%	11.2	%	—	%	—	%
Customer eleven	1.6	%	—	%	—	%	—	%	14.0	%