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Reportable Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Summarized segment information is as follows (in thousands):

Years Ended December 31,			Construction						Materials						Total
2024
Total revenue from reportable segments			$	3,415,225					$	839,176					$	4,254,401
Elimination of intersegment revenue			—						(246,827)						(246,827)
Revenue			3,415,225						592,349						4,007,574
Cost of revenue			2,924,223						510,654						3,434,877
Gross profit			491,002						81,695						572,697
Selling, general and administrative expenses			189,078						29,205						218,283
Gain on sales of property and equipment, net			(9,206)						(835)						(10,041)
Operating income from reportable segments			$	311,130					$	53,325					$	364,455
Depreciation, depletion and amortization			$	71,634					$	45,036					$	116,670
Segment assets as of period end			$	603,913					$	673,444					$	1,277,357
2023
Total revenue from reportable segments			$	2,992,254					$	717,369					$	3,709,623
Elimination of intersegment revenue			—						(200,485)						(200,485)
Revenue			2,992,254						516,884						3,509,138
Cost of revenue			2,667,199						445,540						3,112,739
Gross profit			325,055						71,344						396,399
Selling, general and administrative expenses			177,040						12,730						189,770
Gain on sales of property and equipment, net			(24,913)						(3,274)						(28,187)
Operating income from reportable segments			$	172,928					$	61,888					$	234,816
Depreciation, depletion and amortization			$	43,828					$	29,718					$	73,546
Segment assets as of period end			$	598,078					$	539,071					$	1,137,149
2022
Total revenue from reportable segments			$	2,803,935					$	671,428					$	3,475,363
Elimination of intersegment revenue			—						(174,107)						(174,107)
Revenue			2,803,935						497,321						3,301,256
Cost of revenue			2,500,054						431,708						2,931,762
Gross profit			303,881						65,613						369,494
Selling, general and administrative expenses			179,147						10,133						189,280
Gain on sales of property and equipment, net			(12,820)						(926)						(13,746)
Operating income from reportable segments			$	137,554					$	56,406					$	193,960
Depreciation, depletion and amortization			$	41,836					$	26,500					$	68,336

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of operating income from reportable segments to consolidated income before income taxes is as follows (in thousands):

Years Ended December 31,			2024						2023						2022
Total operating income from reportable segments			$	364,455					$	234,816					$	193,960
Corporate selling, general and administrative expenses			115,879						104,696						83,330
Corporate (gain) loss on sales of property and equipment, net			1,277						(159)						1,129
Other costs, net			39,936						50,217						24,120
Total operating income			207,363						80,062						85,381
Total other (income) expense, net			11,171						20,208						(6,436)
Income before income taxes			$	196,192					$	59,854					$	91,817

Reconciliation of Assets from Segment to Consolidated

A reconciliation of segment assets to consolidated total assets is as follows:

(in thousands)			December 31, 2024						December 31, 2023
Total assets for reportable segments			$	1,277,357					$	1,137,149
Assets not allocated to segments:
Cash and cash equivalents			578,330						417,663
Receivables, net			511,742						598,705
Other current assets, excluding segment assets			369,804						316,552
Property and equipment, net, excluding segment assets			30,654						72,709
Short-term marketable securities			7,311						35,863
Investments in affiliates			94,031						92,910
Right of use assets			89,791						78,176
Deferred income taxes, net			—						8,179
Other noncurrent assets			66,635						55,634
Consolidated total assets			$	3,025,655					$	2,813,540

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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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.

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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.

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