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v3.22.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Information About Reportable Segments | The following tables present financial information for each of our reportable segments for the years ended December 31, 2022, 2021, and 2020 (in thousands):
| 2022 |  | 2021 |  | 2020
Revenues from unrelated entities: |  |  |  |  |
United States electrical construction and facilities services | $ | 2,433,114 |  |  | $ | 2,029,893 |  |  | $ | 1,829,979 |
United States mechanical construction and facilities services | 4,326,674 |  |  | 3,952,586 |  |  | 3,516,789 |
United States building services | 2,720,487 |  |  | 2,424,743 |  |  | 2,078,835 |
United States industrial services | 1,118,767 |  |  | 986,407 |  |  | 940,895 |
Total United States operations | 10,599,042 |  |  | 9,393,629 |  |  | 8,366,498 |
United Kingdom building services | 477,078 |  |  | 509,951 |  |  | 430,563 |
Total operations | $ | 11,076,120 |  |  | $ | 9,903,580 |  |  | $ | 8,797,061 |
| 2022 |  | 2021 |  | 2020
Total revenues: |  |  |  |  |
United States electrical construction and facilities services | $ | 2,438,916 |  |  | $ | 2,033,863 |  |  | $ | 1,836,370 |
United States mechanical construction and facilities services | 4,373,050 |  |  | 3,966,123 |  |  | 3,529,880 |
United States building services | 2,821,649 |  |  | 2,523,180 |  |  | 2,161,487 |
United States industrial services | 1,175,469 |  |  | 1,021,217 |  |  | 956,373 |
Less intersegment revenues | (210,042) |  |  | (150,754) |  |  | (117,612) |
Total United States operations | 10,599,042 |  |  | 9,393,629 |  |  | 8,366,498 |
United Kingdom building services | 477,078 |  |  | 509,951 |  |  | 430,563 |
Total operations | $ | 11,076,120 |  |  | $ | 9,903,580 |  |  | $ | 8,797,061 |
| 2022 |  | 2021 |  | 2020
Operating income (loss): |  |  |  |  |
United States electrical construction and facilities services | $ | 148,728 |  |  | $ | 169,355 |  |  | $ | 162,538 |
United States mechanical construction and facilities services | 332,294 |  |  | 314,420 |  |  | 290,444 |
United States building services | 144,670 |  |  | 122,724 |  |  | 115,523 |
United States industrial services | 19,787 |  |  | (1,666) |  |  | 1,175 |
Total United States operations | 645,479 |  |  | 604,833 |  |  | 569,680 |
United Kingdom building services | 29,838 |  |  | 27,998 |  |  | 20,660 |
Corporate administration | (110,440) |  |  | (102,031) |  |  | (98,542) |
Restructuring expenses | — |  |  | — |  |  | (2,214) |
Impairment loss on goodwill, identifiable intangible assets, and other long-lived assets | — |  |  | — |  |  | (232,750) |
Total operations | 564,877 |  |  | 530,800 |  |  | 256,834 |
Other items: |  |  |  |  |
Net periodic pension (cost) income | 4,311 |  |  | 3,625 |  |  | 2,980 |
Interest expense | (13,199) |  |  | (6,071) |  |  | (9,009) |
Interest income | 2,761 |  |  | 949 |  |  | 1,521 |
Income before income taxes | $ | 558,750 |  |  | $ | 529,303 |  |  | $ | 252,326 |
NOTE 18 - SEGMENT INFORMATION (Continued)
| 2022 |  | 2021 |  | 2020
Capital expenditures: |  |  |  |  |
United States electrical construction and facilities services | $ | 11,228 |  |  | $ | 4,985 |  |  | $ | 8,679 |
United States mechanical construction and facilities services | 12,004 |  |  | 10,182 |  |  | 11,347 |
United States building services | 13,229 |  |  | 11,465 |  |  | 10,259 |
United States industrial services | 9,905 |  |  | 6,159 |  |  | 9,595 |
Total United States operations | 46,366 |  |  | 32,791 |  |  | 39,880 |
United Kingdom building services | 2,816 |  |  | 3,015 |  |  | 3,693 |
Corporate administration | 107 |  |  | 386 |  |  | 4,396 |
Total operations | $ | 49,289 |  |  | $ | 36,192 |  |  | $ | 47,969 |
| 2022 |  | 2021 |  | 2020
Depreciation and amortization of property, plant and equipment: |  |  |  |  |
United States electrical construction and facilities services | $ | 7,543 |  |  | $ | 7,229 |  |  | $ | 6,734 |
United States mechanical construction and facilities services | 11,556 |  |  | 11,403 |  |  | 10,964 |
United States building services | 12,900 |  |  | 12,041 |  |  | 12,003 |
United States industrial services | 10,888 |  |  | 11,723 |  |  | 12,405 |
Total United States operations | 42,887 |  |  | 42,396 |  |  | 42,106 |
United Kingdom building services | 2,752 |  |  | 3,938 |  |  | 3,046 |
Corporate administration | 1,657 |  |  | 2,013 |  |  | 1,569 |
Total operations | $ | 47,296 |  |  | $ | 48,347 |  |  | $ | 46,721 |
| December 31, 2022 |  | December 31, 2021 |  | December 31, 2020
Contract assets: |  |  |  |  |
United States electrical construction and facilities services | $ | 75,603 |  |  | $ | 48,382 |  |  | $ | 30,986 |
United States mechanical construction and facilities services | 100,109 |  |  | 89,538 |  |  | 67,443 |
United States building services | 56,217 |  |  | 42,382 |  |  | 31,661 |
United States industrial services | 10,727 |  |  | 18,992 |  |  | 11,311 |
Total United States operations | 242,656 |  |  | 199,294 |  |  | 141,401 |
United Kingdom building services | 30,520 |  |  | 30,849 |  |  | 30,555 |
Total operations | $ | 273,176 |  |  | $ | 230,143 |  |  | $ | 171,956 |
| December 31, 2022 |  | December 31, 2021 |  | December 31, 2020
Contract liabilities: |  |  |  |  |
United States electrical construction and facilities services | $ | 271,161 |  |  | $ | 200,966 |  |  | $ | 183,499 |
United States mechanical construction and facilities services | 597,001 |  |  | 388,039 |  |  | 373,957 |
United States building services | 182,273 |  |  | 148,812 |  |  | 117,643 |
United States industrial services | 17,746 |  |  | 16,481 |  |  | 17,304 |
Total United States operations | 1,068,181 |  |  | 754,298 |  |  | 692,403 |
United Kingdom building services | 30,082 |  |  | 33,836 |  |  | 29,849 |
Total operations | $ | 1,098,263 |  |  | $ | 788,134 |  |  | $ | 722,252 |
NOTE 18 - SEGMENT INFORMATION (Continued)
| December 31, 2022 |  | December 31, 2021 |  | December 31, 2020
Long-lived assets: |  |  |  |  |
United States electrical construction and facilities services | $ | 302,448 |  |  | $ | 237,766 |  |  | $ | 177,692 |
United States mechanical construction and facilities services | 519,335 |  |  | 515,741 |  |  | 522,800 |
United States building services | 496,206 |  |  | 498,692 |  |  | 481,733 |
United States industrial services | 341,646 |  |  | 365,563 |  |  | 394,505 |
Total United States operations | 1,659,635 |  |  | 1,617,762 |  |  | 1,576,730 |
United Kingdom building services | 10,320 |  |  | 11,402 |  |  | 12,017 |
Corporate administration | 990 |  |  | 2,535 |  |  | 4,356 |
Total operations | $ | 1,670,945 |  |  | $ | 1,631,699 |  |  | $ | 1,593,103 |
| December 31, 2022 |  | December 31, 2021 |  | December 31, 2020
Total assets: |  |  |  |  |
United States electrical construction and facilities services | $ | 1,078,405 |  |  | $ | 855,417 |  |  | $ | 680,060 |
United States mechanical construction and facilities services | 1,845,518 |  |  | 1,672,546 |  |  | 1,552,567 |
United States building services | 1,196,001 |  |  | 1,089,844 |  |  | 1,022,290 |
United States industrial services | 552,545 |  |  | 589,017 |  |  | 550,513 |
Total United States operations | 4,672,469 |  |  | 4,206,824 |  |  | 3,805,430 |
United Kingdom building services | 255,547 |  |  | 241,740 |  |  | 227,894 |
Corporate administration | 596,591 |  |  | 992,882 |  |  | 1,030,516 |
Total operations | $ | 5,524,607 |  |  | $ | 5,441,446 |  |  | $ | 5,063,840 |

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- 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
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