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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Summary of Financial Information Concerning Company's Reportable Segments

Summarized financial information concerning the Company’s reportable segments for the three and nine months ended September 30, 2018 and 2017, is shown in the following tables:  


Three Months Ended September 30, 2018		Revenue			Intercompany Revenue(b)			Reported Revenue			Segment EBITDA(c)
Southern		$	321,306		$	(38,266)		$	283,040		$	70,159
Western			303,614			(32,596)			271,018			86,174
Eastern			353,844			(64,347)			289,497			83,721
Canada			211,682			(24,628)			187,054			68,819
Central			213,492			(28,221)			185,271			70,288
E&P			67,348			(2,118)			65,230			35,099
Corporate(a)			-			-			-			(8,286)
		$	1,471,286		$	(190,176)		$	1,281,110		$	405,974




Three Months Ended September 30, 2017		Revenue			Intercompany Revenue(b)			Reported Revenue			Segment EBITDA(c)
Southern		$	317,059		$	(36,531)		$	280,528		$	63,171
Western			292,222			(30,345)			261,877			84,861
Eastern			292,124			(45,857)			246,267			74,018
Canada			224,166			(27,111)			197,055			74,369
Central			190,210			(23,850)			166,360			64,607
E&P			56,209			(1,818)			54,391			27,881
Corporate(a)			-			-			-			(5,751)
		$	1,371,990		$	(165,512)		$	1,206,478		$	383,156




Nine Months Ended September 30, 2018		Revenue			Intercompany Revenue(b)			Reported Revenue			Segment EBITDA(c)
Southern		$	951,313		$	(111,824)		$	839,489		$	207,853
Western			874,464			(94,584)			779,880			240,006
Eastern			966,571			(164,253)			802,318			225,950
Canada			615,157			(71,290)			543,867			195,390
Central			591,417			(77,337)			514,080			191,840
E&P			186,734			(5,159)			181,575			95,009
Corporate(a)			-			-			-			(14,368)
		$	4,185,656		$	(524,447)		$	3,661,209		$	1,141,680




Nine Months Ended September 30, 2017		Revenue			Intercompany Revenue(b)			Reported Revenue			Segment EBITDA(c)
Southern		$	957,506		$	(111,472)		$	846,034		$	199,280
Western			845,176			(90,217)			754,959			247,475
Eastern			851,880			(133,578)			718,302			209,315
Canada			621,995			(75,846)			546,149			200,283
Central			536,803			(66,716)			470,087			177,975
E&P			143,951			(6,169)			137,782			63,518
Corporate(a)			-			-			-			(32,535)
		$	3,957,311		$	(483,998)		$	3,473,313		$	1,065,311

____________________

(a) Corporate functions include accounting, legal, tax, treasury, information technology, risk management, human resources, training and other administrative functions.  Amounts reflected are net of allocations to the six operating segments. 

(b) Intercompany revenues reflect each segment’s total intercompany sales, including intercompany sales within a segment and between segments.  Transactions within and between segments are generally made on a basis intended to reflect the market value of the service. 

(c) For those items included in the determination of segment EBITDA, the accounting policies of the segments are the same as those described in the Company’s most recent Annual Report on Form 10-K.

Total Assets for Reportable Segments

Total assets for each of the Company’s reportable segments at September 30, 2018 and December 31, 2017, were as follows:




		September 30, 2018			December 31, 2017
Southern		$	2,778,123		$	2,718,296
Western			1,583,561			1,573,955
Eastern			2,348,438			2,024,527
Canada			2,562,659			2,677,557
Central			1,452,607			1,297,118
E&P			974,049			981,980
Corporate			492,629			741,248
Total Assets		$	12,192,066		$	12,014,681



Changes in Goodwill by Reportable Segment

The following tables show changes in goodwill during the nine months ended September 30, 2018 and 2017, by reportable segment: 





		Southern			Western			Eastern			Canada			Central			E&P				Total
Balance as of December 31, 2017		$	1,436,320		$	397,508		$	804,133		$	1,575,538		$	468,275		$	-		$	4,681,774
Goodwill acquired			4,800			666			122,136			151			42,197			-			169,950
Goodwill adjustment for assets held for sale			10,194			-			-			-			-			-			10,194
Impact of changes in foreign currency			-			-			-			(48,622)			-			-			(48,622)
Balance as of September 30, 2018		$	1,451,314		$	398,174		$	926,269		$	1,527,067		$	510,472		$	-		$	4,813,296





		Southern			Western			Eastern			Canada			Central			E&P				Total
Balance as of December 31, 2016		$	1,470,023		$	376,537		$	533,160		$	1,465,274		$	467,924		$	77,343		$	4,390,261
Goodwill acquired			7,484			20,906			272,501			7,127			1,013			-			309,031
Goodwill divested			(31,543)			-			(4,276)			-			(667)			-			(36,486)
Impairment loss			-			-			-			-			-			(77,343)			(77,343)
Goodwill adjustment for assets sold			2,205			-			321			-			-			-			2,526
Goodwill adjustment for assets held for sale			(11,080)			-			-			-			-			-			(11,080)
Impact of changes in foreign currency			-			-			-			111,439			-			-			111,439
Balance as of September 30, 2017		$	1,437,089		$	397,443		$	801,706		$	1,583,840		$	468,270		$	-		$	4,688,348





Reconciliation of Primary Measure of Segment Profitability to Income Before Income Tax Provision

A reconciliation of the Company’s primary measure of segment profitability (segment EBITDA) to Income before income tax provision in the Condensed Consolidated Statements of Net Income is as follows: 


		Three months ended September 30,						Nine months ended September 30,
		2018			2017			2018					2017
Southern segment EBITDA		$	70,159		$	63,171		$	207,853				$		199,280
Western segment EBITDA			86,174			84,861			240,006						247,475
Eastern segment EBITDA			83,721			74,018			225,950						209,315
Canada segment EBITDA			68,819			74,369			195,390						200,283
Central segment EBITDA			70,288			64,607			191,840						177,975
E&P segment EBITDA			35,099			27,881			95,009						63,518
Subtotal reportable segments			414,260			388,907			1,156,048						1,097,846
Unallocated corporate overhead			(8,286)			(5,751)			(14,368)						(32,535)
Depreciation			(148,232)			(136,941)			(423,866)						(395,008)
Amortization of intangibles			(26,871)			(26,613)			(79,444)						(76,886)
Impairments and other operating items			1,998			(832)			(6,106)						(141,333)
Interest expense			(32,078)			(32,471)			(96,874)						(92,763)
Interest income			1,467			1,656			3,677						3,131
Other income, net			732			1,709			2,376						3,561
Foreign currency transaction loss			(132)			(1,864)			(323)						(3,502)
Income before income tax provision		$	202,858		$	187,800		$	541,120				$		362,511




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