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Segment Information
 12 Months Ended
Dec. 31, 2013
Segment Information  
Segment Information

14. Segment Information

        MYR Group is a specialty contractor serving the U.S. electrical infrastructure market. The Company has two reporting segments, each a separate operating segment, which are referred to as T&D and C&I. Performance measurement and resource allocation for the reporting segments are based on many factors. The primary financial measures used to evaluate the segment information are contract revenues and income from operations, excluding general corporate expenses. General corporate expenses include corporate facility and staffing costs, which includes safety, professional fees, management fees, and intangible amortization. The accounting policies of the segments are the same as those described in the Summary of Significant Accounting Policies.

        Transmission and Distribution:    The T&D segment provides a broad range of services on electric transmission and distribution networks and substation facilities which include design, engineering, procurement, construction, upgrade, maintenance and repair services with a particular focus on construction, maintenance and repair. T&D services include the construction and maintenance of high voltage transmission lines, substations and lower voltage underground and overhead distribution systems. The T&D segment also provides emergency restoration services in response to hurricane, ice or other storm-related damage. T&D customers include electric utilities, private developers, cooperatives, municipalities and other transmission owners.

        Commercial and Industrial:    The C&I segment provides services such as the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway and tunnel lighting. Typical C&I contracts cover electrical contracting services for airports, hospitals, data centers, hotels, stadiums, convention centers, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities and transportation control and management systems. C&I segment services are generally focused on the Arizona and Colorado regional markets.

        The information in the following table for the years ended December 31, 2013, 2012 and 2011 is derived from the segment's internal financial reports used for corporate management purposes:

 
   For the Year Ended December 31,  
(in thousands)
   2013   2012   2011  

Contract revenues:

                    

T&D

   $ 722,387   $ 828,711   $ 622,000  

C&I

     180,342     170,248     158,356  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 902,729   $ 998,959   $ 780,356  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Income from operations:

                    

T&D

   $ 81,413   $ 80,460   $ 52,053  

C&I

     10,423     7,647     5,833  

General Corporate

     (36,219 )   (32,345 )   (28,257 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 55,617   $ 55,762   $ 29,629  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

        The Company does not identify capital expenditures and total assets by segment in its internal financial reports due in part to the shared use of a centralized fleet of vehicles and specialized equipment. Identifiable assets, consisting of contract receivables, costs and estimated earnings in excess of billings on uncompleted contracts, construction materials inventory, goodwill and intangibles for each segment are as follows as of December 31:

(in thousands)
   2013   2012  

T&D

   $ 208,777   $ 223,719  

C&I

     62,805     63,554  

Other

     253,840     179,075  
           
​ ​ ​ ​ ​ ​ ​ ​

 

   $ 525,422   $ 466,348  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

        An allocation of total depreciation, including depreciation of shared construction equipment, and amortization to each segment is as follows:

 
   For the Year Ended December 31,  
(in thousands)
   2013   2012   2011  

Depreciation and amortization

                    

T&D

   $ 27,545   $ 23,758   $ 18,426  

C&I

     1,650     1,398     1,085  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 29,195   $ 25,156   $ 19,511  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​