XML 58 R45.htm IDEA: XBRL DOCUMENT v3.22.4

Segment Information (Tables)

12 Months Ended

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

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