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Reportable Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Summarized segment information is as follows (in thousands):
Three months ended June 30, | Construction |  | Materials |  | Total
2024 |  |  |  |  |
Total revenue from reportable segments | $ | 917,954 |  |  | $ | 239,468 |  |  | $ | 1,157,422 |
Elimination of intersegment revenue | — |  |  | (74,936) |  |  | (74,936) |
Revenue from external customers | $ | 917,954 |  |  | $ | 164,532 |  |  | $ | 1,082,486 |
Gross profit | $ | 135,372 |  |  | $ | 29,339 |  |  | $ | 164,711 |
Depreciation, depletion and amortization | $ | 13,501 |  |  | $ | 10,917 |  |  | $ | 24,418 |
2023 |  |  |  |  |
Total revenue from reportable segments | $ | 749,413 |  |  | $ | 206,832 |  |  | $ | 956,245 |
Elimination of intersegment revenue | — |  |  | (57,693) |  |  | (57,693) |
Revenue from external customers | $ | 749,413 |  |  | $ | 149,139 |  |  | $ | 898,552 |
Gross profit | $ | 79,154 |  |  | $ | 23,932 |  |  | $ | 103,086 |
Depreciation, depletion and amortization | $ | 10,238 |  |  | $ | 7,090 |  |  | $ | 17,328 |
Six Months Ended June 30, | Construction |  | Materials |  | Total
2024 |  |  |  |  |
Total revenue from reportable segments | $ | 1,513,167 |  |  | $ | 328,172 |  |  | $ | 1,841,339 |
Elimination of intersegment revenue | — |  |  | (86,578) |  |  | (86,578) |
Revenue from external customers | $ | 1,513,167 |  |  | $ | 241,594 |  |  | $ | 1,754,761 |
Gross profit | $ | 192,200 |  |  | $ | 26,796 |  |  | $ | 218,996 |
Depreciation, depletion and amortization | $ | 27,204 |  |  | $ | 21,394 |  |  | $ | 48,598 |
Segment assets as of period end | $ | 565,222 |  |  | $ | 570,908 |  |  | $ | 1,136,130 |
2023 |  |  |  |  |
Total revenue from reportable segments | $ | 1,252,829 |  |  | $ | 278,752 |  |  | $ | 1,531,581 |
Elimination of intersegment revenue | — |  |  | (72,961) |  |  | (72,961) |
Revenue from external customers | $ | 1,252,829 |  |  | $ | 205,791 |  |  | $ | 1,458,620 |
Gross profit | $ | 115,859 |  |  | $ | 19,586 |  |  | $ | 135,445 |
Depreciation, depletion and amortization | $ | 19,993 |  |  | $ | 13,213 |  |  | $ | 33,206 |
Segment assets as of period end | $ | 443,112 |  |  | $ | 414,858 |  |  | $ | 857,970 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | A reconciliation of segment gross profit to consolidated income (loss) before income taxes is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Total gross profit from reportable segments | $ | 164,711 |  |  | $ | 103,086 |  |  | $ | 218,996 |  |  | $ | 135,445 |
Selling, general and administrative expenses | 70,052 |  |  | 64,563 |  |  | 158,045 |  |  | 137,685 |
Other costs, net | 10,225 |  |  | 13,607 |  |  | 21,235 |  |  | 18,130 |
Gain on sales of property and equipment, net | (1,387) |  |  | (3,944) |  |  | (2,805) |  |  | (5,981) |
Total other expense, net | 26,271 |  |  | 43,682 |  |  | 21,939 |  |  | 35,674 |
Income (loss) before income taxes | $ | 59,550 |  |  | $ | (14,822) |  |  | $ | 20,582 |  |  | $ | (50,063) |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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