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Segment Information

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Segment Information

14. Segment Information

 Due to the April 3, 2017 acquisition of Tealstone, the Company has reviewed its reportable segments, operating segments and reporting units. Based on our review, we have concluded that our operations consist of two reportable segments, two operating segments and two reporting unit components: heavy civil construction and residential construction.

Segment reporting is aligned based upon the services offered by our two operating groups, which represent our reportable segments: Heavy Civil Construction and Residential Construction. Our Chief Operating Decision Maker (“CODM”) evaluates the performance of the aforementioned operating groups based upon revenue and income from operations. Each operating group’s income from operations reflects corporate costs, allocated based primarily upon revenue.

The following table presents total revenue and income from operations by reportable segment for the three and six months ended June 30, 2018 and 2017 (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2018				2017				2018				2017
Revenue
Heavy Civil Construction	$	223,284			$	209,194			$	410,524			$	362,610
Residential Construction	45,450				37,218				80,702				37,218
Total Revenue	$	268,734			$	246,412			$	491,226			$	399,828
Operating Income
Heavy Civil Construction	$	6,380			$	3,141			$	8,340			$	1,667
Residential Construction	5,770				5,215				10,488				4,901
Total Operating Income	$	12,150			$	8,356			$	18,828			$	6,568

The following table presents total assets by reportable segment at June 30, 2018 and December 31, 2017 (in thousands):

	June 30, 2018				December 31, 2017
Assets
Heavy Civil Construction	$	343,559			$	354,090
Residential Construction	127,126				109,208
Total Assets	$	470,685			$	463,298

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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