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Segment Information (Notes)
 6 Months Ended
Dec. 31, 2019
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 consists of power delivery 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 other 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 plant maintenance, turnarounds, 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 ("AST") 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 and 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, and maintenance and repair, which includes planned and emergency services for 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 companies in other industries, including aerospace and defense, cement, and agriculture and grain. Our services include engineering, fabrication and construction, and 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 footnote included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2019 and in Note 1 of this Quarterly Report on Form 10-Q. Intersegment sales and transfers are recorded at cost; therefore, no intersegment 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, operating lease right-of-use assets, goodwill and other intangible assets.
 

Results of Operations
(In thousands)
 
Three Months Ended

Six Months Ended
 
December 31,
2019

December 31,
2018

December 31,
2019

December 31,
2018
Gross revenues







Electrical Infrastructure
$
30,030


$
58,173


$
61,562


$
102,874

Oil Gas & Chemical
56,496


87,521


114,282


163,083

Storage Solutions
144,034


126,198


294,786


239,965

Industrial
90,267


70,385


189,554


155,942

Total gross revenues
$
320,827


$
342,277


$
660,184


$
661,864

Less: Inter-segment revenues







Oil Gas & Chemical
$
504

 
$
1,234

 
$
760

 
$
1,305

Storage Solutions
1,265

 
475

 
1,950

 
1,480

Industrial
381

 
—

 
700

 
—

Total inter-segment revenues
$
2,150


$
1,709


$
3,410


$
2,785

Consolidated revenues







Electrical Infrastructure
$
30,030


$
58,173


$
61,562


$
102,874

Oil Gas & Chemical
55,992


86,287


113,522


161,778

Storage Solutions
142,769


125,723


292,836


238,485

Industrial
89,886


70,385


188,854


155,942

Total consolidated revenues
$
318,677


$
340,568


$
656,774


$
659,079

Gross profit (loss)







Electrical Infrastructure
$
(2,880
)

$
3,562


$
(2,776
)

$
6,945

Oil Gas & Chemical
4,197


9,157


7,832


14,782

Storage Solutions
19,775


11,147


40,830


20,700

Industrial
8,909


4,020


16,580


8,880

Total gross profit
$
30,001


$
27,886


$
62,466


$
51,307

Goodwill and other intangible asset impairment
 
 
 
 
 
 
 
Electrical Infrastructure
$
24,900

 
$
—

 
$
24,900

 
$
—

Oil Gas & Chemical
—

 
—

 
—

 
—

Storage Solutions
—

 
—

 
—

 
—

Industrial
13,615

 
—

 
13,615

 
—

Total goodwill and other intangible asset impairment
$
38,515

 
$
—

 
$
38,515

 
$
—

Operating income (loss)







Electrical Infrastructure
$
(29,663
)
 
$
438

 
$
(31,507
)
 
$
1,095

Oil Gas & Chemical
(1,272
)
 
3,585

 
(3,045
)
 
4,099

Storage Solutions
8,899

 
1,356

 
18,351

 
1,641

Industrial
(9,643
)
 
148

 
(6,704
)
 
912

Total operating income (loss)
$
(31,679
)

$
5,527


$
(22,905
)

$
7,747


Total assets by segment were as follows:

 
December 31,
2019

June 30,
2019
Electrical Infrastructure
 
$
108,929

 
$
155,880

Oil Gas & Chemical
 
82,216

 
91,959

Storage Solutions
 
206,224

 
188,912

Industrial
 
43,539

 
90,336

Unallocated assets
 
150,980

 
106,307

Total segment assets
 
$
591,888


$
633,394