XML 40 R24.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information
17.SEGMENT INFORMATION
The Company’s internal and public segment reporting are aligned based upon the services offered by its operating segments. With the December 30, 2021 acquisition of Petillo, the Company realigned its operating groups to reflect management’s present oversight of operations. After realignment, the Company’s operations consist of three reportable segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions, with the commercial business reclassified from the previously reported Specialty Services operating group into the newly formed Building Solutions operating group. The segment information for the prior period has been recast to conform to the current presentation.
The Company’s Chief Operating Decision Maker evaluates the performance of the operating segment based upon revenue and income from operations. We incur expenses at the corporate level that relate to our business as a whole. Certain of these amounts have been charged to our business segments by various methods, largely on the basis of usage, with the unallocated remainder reported in the “Corporate” line. Corporate overhead is primarily comprised of corporate headquarters facility expense, the cost of the executive management team, and expenses pertaining to certain centralized functions that benefit the entire Company but are not directly attributable to the businesses, such as corporate human resources, legal, governance and finance functions.
The following table presents total revenue and income from operations by reportable segment for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
Revenues2022202120222021
E-Infrastructure Solutions$233,548 $123,743 $402,475 $220,315 
Transportation Solutions191,381 203,153 351,880 350,207 
Building Solutions85,639 74,770 166,533 146,460 
Total Revenues$510,568 $401,666 $920,888 $716,982 
Operating Income
E-Infrastructure Solutions$32,824 $24,714 $54,109 $42,526 
Transportation Solutions5,107 4,796 8,793 7,462 
Building Solutions9,751 6,790 19,109 14,151 
Segment Operating Income47,682 36,300 82,011 64,139 
Corporate(6,362)(3,580)(12,167)(8,664)
Acquisition Related Costs(230)— (485)— 
Total Operating Income$41,090 $32,720 $69,359 $55,475