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Segment Information (Notes)
6 Months Ended
Dec. 31, 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 configuration 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, hydrogen 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 EndedSix Months Ended
 December 31,
2020
December 31,
2019
December 31,
2020
December 31,
2019
Gross revenue
Utility and Power Infrastructure$52,023 $49,155 $112,694 $96,882 
Process and Industrial Facilities51,747 143,769 98,475 299,221 
Storage and Terminal Solutions65,434 128,008 143,030 264,009 
Total gross revenue$169,204 $320,932 $354,199 $660,112 
Less: Inter-segment revenue
Process and Industrial Facilities$485 $886 $1,282 $1,461 
Storage and Terminal Solutions1,251 1,369 2,678 1,877 
Total inter-segment revenue$1,736 $2,255 $3,960 $3,338 
Consolidated revenue
Utility and Power Infrastructure$52,023 $49,155 $112,694 $96,882 
Process and Industrial Facilities51,262 142,883 97,193 297,760 
Storage and Terminal Solutions64,183 126,639 140,352 262,132 
Total consolidated revenue$167,468 $318,677 $350,239 $656,774 
Gross profit (loss)
Utility and Power Infrastructure$5,597 $(1,226)$12,510 $(1,394)
Process and Industrial Facilities7,864 13,838 11,523 27,428 
Storage and Terminal Solutions1,852 18,026 5,630 37,768 
Corporate— (637)— (1,336)
Total gross profit$15,313 $30,001 $29,663 $62,466 
Selling, general and administrative expenses
Utility and Power Infrastructure$2,576 $2,778 $4,798 $5,410 
Process and Industrial Facilities3,387 7,385 7,437 14,323 
Storage and Terminal Solutions3,919 6,791 9,062 13,777 
Corporate6,842 6,211 13,555 13,346 
Total selling, general and administrative expenses$16,724 $23,165 $34,852 $46,856 
Intangible asset impairments and restructuring costs
Utility and Power Infrastructure$812 $24,900 $823 $24,900 
Process and Industrial Facilities3,364 13,615 2,864 13,615 
Storage and Terminal Solutions641 — 654 — 
Corporate228 — 384 — 
Total asset impairments and restructuring costs$5,045 $38,515 $4,725 $38,515 
Operating income (loss)
Utility and Power Infrastructure$2,209 $(28,904)$6,889 $(31,704)
Process and Industrial Facilities1,113 (7,162)1,222 (510)
Storage and Terminal Solutions(2,708)11,235 (4,086)23,991 
Corporate(7,070)(6,848)(13,939)(14,682)
Total operating loss$(6,456)$(31,679)$(9,914)$(22,905)
Total assets by segment were as follows:
December 31,
2020
June 30,
2020
Utility and Power Infrastructure$80,664 $67,398 
Process and Industrial Facilities106,053 138,734 
Storage and Terminal Solutions164,735 187,167 
Corporate128,458 124,011 
Total segment assets$479,910 $517,310