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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
SEGMENT INFORMATION |
21. | 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 CODM evaluates the performance of the operating segment based upon revenue and income from operations. We incur certain expenses at the corporate level that relate to our business as a whole. A portion of these expenses are allocated to our business segments by various methods, but primarily on the basis of usage. The unallocated remainder is reported in the “Corporate G&A Expense” line, which is primarily comprised of corporate headquarters facility expense, the cost of the executive management team, and other expenses pertaining to certain centralized functions that benefit the entire Company but are not directly attributable to any specific business segment, such as corporate human resources, legal, governance, compliance and finance functions. Total assets held in Corporate primarily include cash and prepaid assets. The following table presents total revenues, depreciation and amortization, and income from continuing operations by reportable segment for the years ended December 31, 2023, 2022 and 2021:
|  | Years Ended December 31,
Revenues |  | 2023 |  | 2022 |  | 2021
E-Infrastructure Solutions |  | $ | 937,408 |  |  | $ | 905,277 |  |  | $ | 468,784 |
Transportation Solutions |  | 630,908 |  |  | 542,550 |  |  | 628,190 |
Building Solutions |  | 403,913 |  |  | 321,609 |  |  | 317,400 |
Total Revenues |  | $ | 1,972,229 |  |  | $ | 1,769,436 |  |  | $ | 1,414,374 |
Depreciation and Amortization |  |  |  |  |  |
E-Infrastructure Solutions |  | $ | 42,889 |  |  | $ | 38,859 |  |  | $ | 20,889 |
Transportation Solutions |  | 10,195 |  |  | 8,656 |  |  | 8,473 |
Building Solutions |  | 4,141 |  |  | 2,970 |  |  | 3,060 |
Segment Depreciation and Amortization |  | 57,225 |  |  | 50,485 |  |  | 32,422 |
Corporate |  | 178 |  |  | 90 |  |  | 81 |
Total Depreciation and Amortization |  | $ | 57,403 |  |  | $ | 50,575 |  |  | $ | 32,503 |
Operating Income |  |  |  |  |  |
E-Infrastructure Solutions |  | $ | 140,997 |  |  | $ | 121,453 |  |  | $ | 80,478 |
Transportation Solutions |  | 41,911 |  |  | 26,623 |  |  | 19,888 |
Building Solutions |  | 46,193 |  |  | 36,693 |  |  | 32,564 |
Segment Operating Income |  | 229,101 |  |  | 184,769 |  |  | 132,930 |
Corporate G&A Expense |  | (22,433) |  |  | (24,072) |  |  | (22,042) |
Acquisition Related Costs |  | (873) |  |  | (827) |  |  | (3,877) |
Total Operating Income |  | $ | 205,795 |  |  | $ | 159,870 |  |  | $ | 107,011 |
The following table presents total assets by reportable segment at December 31, 2023 and 2022:
Assets |  | December 31, 2023 |  | December 31, 2022
E-Infrastructure Solutions |  | $ | 923,643 |  |  | $ | 879,734 |
Transportation Solutions |  | 221,601 |  |  | 246,867 |
Building Solutions |  | 245,688 |  |  | 177,554 |
Corporate |  | 386,252 |  |  | 137,465 |
Total Assets |  | $ | 1,777,184 |  |  | $ | 1,441,620 |

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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/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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