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Segment Information
12 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
In fiscal 2020, we operated 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, 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 Process and Industrial Facilities segment includes engineering, maintenance, turnarounds and capital projects for the refining, chemical and petrochemical industries; midstream natural gas processing; other industrial processing facilities including biofuels, fertilizer, and sulfur; mining and minerals infrastructure; and thermal vacuum chambers. This segment is similar to the former Oil Gas & Chemical segment described above, but includes mining and minerals, thermal vacuum chambers, and work in other industrial facilities which were historically reported in the Industrial segment.
Due to changing markets facing our clients and to better align the financial reporting of the Company with our long-term strategic growth areas, we are changing our reporting segments. Beginning in fiscal 2021, the Company’s financial results will be reported under the following three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions. The services provided by each of these segments is described below.
The Utility and Power Infrastructure segment includes services provided in power delivery and power generation, as well as natural gas utility peak shaving. This segment is similar to the former Electrical Infrastructure segment described above, but includes natural gas utility peak shaving facilities that have been historically reported in the Storage Solutions segment.

The Process and Industrial Facilities segment includes engineering, maintenance, turnarounds and capital projects for the refining, chemical and petrochemical industries; midstream natural gas processing; other industrial processing facilities including biofuels, fertilizer, and sulfur; mining and minerals infrastructure; and thermal vacuum chambers. This segment is similar to the former Oil Gas & Chemical segment described above, but includes mining and minerals as well as thermal vacuum chambers, which were historically reported in the Industrial segment.
The Storage and Terminal Solutions segment includes engineering, construction, maintenance and repair for aboveground storage tanks and terminals; LNG facilities for import/export fueling and bunkering; NGL and other specialty vessels; aboveground storage tank products; and other renewable energy storage and terminal solutions. This segment is similar to the former Storage Solutions segment described above, but does not include the natural gas utility peak shaving facilities, which will be reported as part of the Utility and Power Infrastructure segment.
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
IndustrialUnallocated CorporateTotal
Fiscal year ended June 30, 2020
Gross revenue$112,890 $203,404 $562,439 $228,827 $ $1,107,560 
Less: inter-segment revenue 2,454 3,240 928  6,622 
Consolidated revenue112,890 200,950 559,199 227,899  1,100,938 
Gross profit (loss)(1,105)15,822 71,934 15,525  102,176 
Intangible asset impairments and restructuring costs27,855 3,850 1,296 19,524  52,525 
Operating income (loss)(36,503)(7,328)27,306 (20,100) (36,625)
Segment assets96,010 74,041 203,291 19,957 124,011 517,310 
Capital expenditures2,141 1,580 8,394 3,600 2,824 18,539 
Depreciation and amortization expense2,108 5,465 7,492 4,059  19,124 
Fiscal year ended June 30, 2019
Gross revenue$217,417 $322,065 $524,330 $357,464 $ $1,421,276 
Less: inter-segment revenue 2,198 2,398   4,596 
Consolidated revenue217,417 319,867 521,932 357,464  1,416,680 
Gross profit15,470 35,987 56,011 24,483  131,951 
Intangible asset impairments and restructuring costs      
Operating income3,668 12,984 14,097 7,181  37,930 
Segment assets155,880 91,959 188,912 90,336 106,307 633,394 
Capital expenditures2,493 2,736 4,644 3,464 6,221 19,558 
Depreciation and amortization expense2,460 4,661 6,666 4,437  18,224 
Fiscal year ended June 30, 2018
Gross revenue$255,931 $324,546 $319,106 $198,155 $ $1,097,738 
Less: inter-segment revenue 1,774 4,410 1  6,185 
Consolidated revenue255,931 322,772 314,696 198,154  1,091,553 
Gross profit18,300 33,423 25,778 14,435  91,936 
Intangible asset impairments and restructuring costs17,281 717    17,998 
Operating income (loss)(16,531)8,798 (5,907)3,161  (10,479)
Segment assets161,207 111,064 149,695 58,816 77,251 558,033 
Capital expenditures493 1,514 3,346  3,358 8,711 
Depreciation and amortization expense4,359 5,904 6,623 3,461  20,347 

Geographical information is as follows:

 Long-Lived Assets
 June 30,
2020
June 30,
2019
June 30,
2018
 (In thousands)
United States$164,056 $193,472 $174,241 
Canada5,659 10,110 13,738 
Other international12,435 12,502 13,008 
$182,150 $216,084 $200,987 
Information about Significant Customers:
Significant Customers as a Percentage of Segment Revenue
ConsolidatedElectrical
Infrastructure
Oil Gas &
Chemical
Storage
Solutions
Industrial
Fiscal Year ended June 30, 2020
Customer one9.7 % % % %47.1 %
Customer two8.2 % % %16.2 % %
Customer three8.2 % % %16.1 % %
Customer four6.8 % % %13.4 % %
Customer five4.1 % %17.8 %1.7 % %
Customer six3.8 % %20.1 %0.2 % %
Customer seven3.2 % %10.7 %2.5 % %
Customer eight3.0 % %16.7 % % %
Customer nine2.4 % % % %11.4 %
Customer ten2.0 %19.7 % % % %
Customer eleven1.8 %16.1 % %0.1 %0.7 %
Customer twelve1.7 %14.8 % % %0.9 %
Customer thirteen1.5 %14.6 % % % %
Fiscal Year ended June 30, 2019
Customer one9.7 % % % %38.4 %
Customer two7.6 %49.0 % % %0.4 %
Customer three7.6 % % % %30.1 %
Customer four7.2 % %30.9 %0.6 % %
Customer five7.1 % % %19.4 % %
Customer six5.0 % % %13.6 % %
Customer seven4.6 %0.3 %3.1 %10.6 % %
Customer eight3.4 %22.4 % % % %
Customer nine3.1 % % % %12.3 %
Customer ten3.0 % % % %12.0 %
Customer eleven2.1 %13.4 % % % %
Fiscal Year ended June 30, 2018
Customer one11.4 % % % %62.9 %
Customer two8.6 % %29.0 % % %
Customer three6.4 %26.5 % %0.6 % %
Customer four6.0 %25.4 % % % %
Customer five4.2 % %12.0 %2.2 % %
Customer six3.2 % %10.8 % % %
Customer seven3.2 % % %10.9 % %
Customer eight3.0 %12.9 % % % %
Customer nine2.7 % % % %14.7 %
Customer ten2.3 %10.0 % % % %