Segment Information (Notes)

3 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

Segment Information

Change in Reportable Segments

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 began reporting our financial results under new reportable segments effective July 1, 2020. The new reportable segments along with a description of each are as follows:

•Utility and Power Infrastructure: consists of power delivery services provided to investor owned utilities, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, upgrades and maintenance, as well as emergency and storm restoration services. The Company also provides construction and maintenance services to a variety of power generation facilities, including gas fired facilities in simple or combined cycle design, and provides engineering, fabrication, and construction services for LNG utility peak shaving facilities.

•Process and Industrial Facilities: primarily serves customers 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. The Company also serves customers in various other industries such as petrochemical, sulfur, mining and minerals companies engaged primarily in the extraction of non-ferrous metals, aerospace and defense, cement, agriculture, and other industrial customers. The Company's services include plant maintenance, turnarounds, industrial cleaning services, engineering, fabrication, and capital construction.

•Storage and Terminal Solutions: 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 LNG, 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. The Company's services include engineering, fabrication, construction, and maintenance and repair, which includes planned and emergency services for both tanks and full terminals. Finally, the Company offers tank products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems and floating roof seals.

All prior period segment information has been restated to conform with our new reportable segments. In addition, beginning July 1, 2020, the Company is reporting separately corporate selling, general and administrative expenses and other corporate expenses that were previously allocated to the segments.

The Company evaluates performance and allocates resources based on operating income. 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, right-of-use lease assets, goodwill and other intangible assets.

Results of Operations

(In thousands)

	Three Months Ended
	September 30, 2020		September 30, 2019
Gross revenue
Utility and Power Infrastructure	$	60,671	$	47,727
Process and Industrial Facilities	46,728		155,452
Storage and Terminal Solutions	77,596		136,001
Total gross revenue	$	184,995	$	339,180
Less: Inter-segment revenue
Process and Industrial Facilities	$	797	$	575
Storage and Terminal Solutions	1,427		508
Total inter-segment revenue	$	2,224	$	1,083
Consolidated revenue
Utility and Power Infrastructure	$	60,671	$	47,727
Process and Industrial Facilities	45,931		154,877
Storage and Terminal Solutions	76,169		135,493
Total consolidated revenue	$	182,771	$	338,097
Gross profit (loss)
Utility and Power Infrastructure	$	6,913	$	(168)
Process and Industrial Facilities	3,659		13,590
Storage and Terminal Solutions	3,778		19,742
Corporate	—		(699)
Total gross profit	$	14,350	$	32,465
Selling, general and administrative expenses
Utility and Power Infrastructure	$	2,222	$	2,632
Process and Industrial Facilities	4,050		6,938
Storage and Terminal Solutions	5,143		6,986
Corporate	6,713		7,135
Total selling, general and administrative expenses	$	18,128	$	23,691
Restructuring costs
Utility and Power Infrastructure	$	11	$	—
Process and Industrial Facilities	(500)		—
Storage and Terminal Solutions	13		—
Corporate	156		—
Total restructuring costs	$	(320)	$	—
Operating income (loss)
Utility and Power Infrastructure	$	4,680	$	(2,800)
Process and Industrial Facilities	109		6,652
Storage and Terminal Solutions	(1,378)		12,756
Corporate	(6,869)		(7,834)
Total operating income (loss)	$	(3,458)	$	8,774

Total assets by segment were as follows:

	September 30, 2020		June 30, 2020
Utility and Power Infrastructure	$	95,415	$	67,398
Process and Industrial Facilities	115,056		138,734
Storage and Terminal Solutions	180,667		187,167
Corporate	121,092		124,011
Total segment assets	$	512,230	$	517,310