XML 33 R22.htm IDEA: XBRL DOCUMENT v3.23.3
Segment Information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information
15.SEGMENT INFORMATION
The Company’s internal and public segment reporting are aligned based upon the services offered by its operating segments. The Company’s operations consist of three reportable segments: E-Infrastructure Solutions, Transportation Solutions and Building Solutions. The segment information for the prior periods presented 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 G&A Expense” line. Corporate general and administrative expense 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, compliance and finance functions.
The following table presents total revenue and income from operations by reportable segment for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended September 30,Nine Months Ended September 30,
Revenues2023202220232022
E-Infrastructure Solutions$253,948 $255,530 $719,936 $658,005 
Transportation Solutions192,996 157,224 455,223 416,005 
Building Solutions113,403 80,286 311,092 246,819 
Total Revenues$560,347 $493,040 $1,486,251 $1,320,829 
Operating Income
E-Infrastructure Solutions$35,945 $37,533 $103,381 $91,642 
Transportation Solutions14,487 9,700 29,649 21,553 
Building Solutions12,848 9,324 35,029 28,433 
Segment Operating Income63,280 56,557 168,059 141,628 
Corporate G&A Expense
(6,040)(7,005)(17,680)(18,239)
Acquisition Related Costs(103)(77)(352)(562)
Total Operating Income$57,137 $49,475 $150,027 $122,827