XML 46 R35.htm IDEA: XBRL DOCUMENT v3.22.2.2

Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Financial Information by Reportable Segment

The following tables present financial information for each of our reportable segments for the three and nine months ended September 30, 2022 and 2021 (in thousands): 

			For the three months ended September 30,
			2022						2021
Revenues from unrelated entities:
United States electrical construction and facilities services			$	633,383					$	530,950
United States mechanical construction and facilities services			1,117,388						1,004,407
United States building services			710,650						624,617
United States industrial services			247,239						232,218
Total United States operations			2,708,660						2,392,192
United Kingdom building services			117,701						129,480
Total operations			$	2,826,361					$	2,521,672
Total revenues:
United States electrical construction and facilities services			$	634,957					$	531,735
United States mechanical construction and facilities services			1,133,895						1,007,993
United States building services			736,068						648,718
United States industrial services			266,182						232,479
Less intersegment revenues			(62,442)						(28,733)
Total United States operations			2,708,660						2,392,192
United Kingdom building services			117,701						129,480
Total operations			$	2,826,361					$	2,521,672

NOTE 14 - Segment Information (continued)

			For the nine months ended September 30,
			2022						2021
Revenues from unrelated entities:
United States electrical construction and facilities services			$	1,719,525					$	1,482,475
United States mechanical construction and facilities services			3,184,205						2,887,572
United States building services			2,016,298						1,804,488
United States industrial services			842,524						702,763
Total United States operations			7,762,552						6,877,298
United Kingdom building services			363,746						386,089
Total operations			$	8,126,298					$	7,263,387
Total revenues:
United States electrical construction and facilities services			1,724,400						1,485,324
United States mechanical construction and facilities services			3,212,374						2,895,930
United States building services			2,091,128						1,876,141
United States industrial services			878,123						730,851
Less intersegment revenues			(143,473)						(110,948)
Total United States operations			7,762,552						6,877,298
United Kingdom building services			363,746						386,089
Total operations			$	8,126,298					$	7,263,387

			For the three months ended September 30,
			2022						2021
Operating income (loss):
United States electrical construction and facilities services			$	35,558					$	44,284
United States mechanical construction and facilities services			90,952						80,797
United States building services			45,589						32,865
United States industrial services			(1,392)						(3,012)
Total United States operations			170,707						154,934
United Kingdom building services			8,369						6,582
Corporate administration			(28,982)						(24,095)
Total operations			150,094						137,421
Other items:
Net periodic pension (cost) income			1,025						908
Interest expense, net			(3,194)						(1,286)
Income before income taxes			$	147,925					$	137,043

NOTE 14 - Segment Information (continued)

			For the nine months ended September 30,
			2022						2021
Operating income (loss):
United States electrical construction and facilities services			$	90,646					$	127,548
United States mechanical construction and facilities services			226,571						220,697
United States building services			107,672						96,523
United States industrial services			18,324						(5,663)
Total United States operations			443,213						439,105
United Kingdom building services			25,372						23,040
Corporate administration			(80,890)						(74,362)
Total operations			387,695						387,783
Other items:
Net periodic pension (cost) income			3,288						2,738
Interest expense, net			(6,234)						(3,965)
Income before income taxes			$	384,749					$	386,556

			September 30, 2022						December 31, 2021
Total assets:
United States electrical construction and facilities services			$	1,075,648					$	855,417
United States mechanical construction and facilities services			1,825,503						1,672,546
United States building services			1,201,947						1,089,844
United States industrial services			583,411						589,017
Total United States operations			4,686,509						4,206,824
United Kingdom building services			230,330						241,740
Corporate administration			521,890						992,882
Total operations			$	5,438,729					$	5,441,446

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration