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Reportable Segment Information | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Reportable Segment Information | Reportable Segment Information Our reportable segments are the same as our operating segments and correspond with how our chief operating decision maker, or decision-making group (our “CODM”), regularly reviews financial information to allocate resources and assess performance. We identified our CODM as our Chief Executive Officer and our Chief Operating Officer. Our reportable segments are: Construction and Materials. Summarized segment information is as follows (in thousands):
Three Months Ended March 31, | Construction |  | Materials |  | Total
2024 |  |  |  |  |
Total revenue from reportable segments | $ | 595,213 |  |  | $ | 88,704 |  |  | $ | 683,917 |
Elimination of intersegment revenue | — |  |  | (11,642) |  |  | (11,642) |
Revenue from external customers | $ | 595,213 |  |  | $ | 77,062 |  |  | $ | 672,275 |
Gross profit (loss) | $ | 56,828 |  |  | $ | (2,543) |  |  | $ | 54,285 |
Depreciation, depletion and amortization | $ | 13,703 |  |  | $ | 10,477 |  |  | $ | 24,180 |
Segment assets as of period end | $ | 594,437 |  |  | $ | 562,581 |  |  | $ | 1,157,018 |
2023 |  |  |  |  |
Total revenue from reportable segments | $ | 503,416 |  |  | $ | 71,920 |  |  | $ | 575,336 |
Elimination of intersegment revenue | — |  |  | (15,268) |  |  | (15,268) |
Revenue from external customers | $ | 503,416 |  |  | $ | 56,652 |  |  | $ | 560,068 |
Gross profit (loss) | $ | 36,705 |  |  | $ | (4,346) |  |  | $ | 32,359 |
Depreciation, depletion and amortization | $ | 9,755 |  |  | $ | 6,122 |  |  | $ | 15,877 |
Segment assets as of period end | $ | 430,045 |  |  | $ | 390,741 |  |  | $ | 820,786 |
A reconciliation of segment gross profit to consolidated loss before income taxes is as follows:
| Three Months Ended March 31, |  |
(in thousands) | 2024 |  | 2023 |  |  |  |
Total gross profit from reportable segments | $ | 54,285 |  |  | $ | 32,359 |  |  |  |  |
Selling, general and administrative expenses | 87,993 |  |  | 73,122 |  |  |  |  |
Other costs, net | 11,010 |  |  | 4,523 |  |  |  |  |
Gain on sales of property and equipment, net | (1,418) |  |  | (2,037) |  |  |  |  |
Total other income, net | (4,332) |  |  | (8,008) |  |  |  |  |
Loss before income taxes | $ | (38,968) |  |  | $ | (35,241) |  |  |  |  |

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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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