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Business Segments | 9 Months Ended
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Sep. 30, 2012
Business Segments [Abstract] |
Business Segments |
(12) | Business Segments
The following tables set forth certain reportable segment information relating to the Company's operations for the three and nine months ended September 30, 2012 and 2011 (in thousands). As discussed in the Annual Report on Form 10-K for the fiscal year ended December 31, 2011, the Company completed a reorganization of its reportable segments during 2011, and as such, the Company has restated comparative prior period information for the reorganized reportable segments in the tables below.
|  | Reportable Segments |  |  |  |  |  |  |
|  | Building |  |  | Civil |  |  | Specialty Contractors |  |  | Management Services |  |  | Totals |  |  | Corporate |  |  | Consolidated Total |
Three Months Ended September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenues |  | $ | 391,531 |  |  | $ | 350,542 |  |  | $ | 315,270 |  |  | $ | 51,744 |  |  | $ | 1,109,087 |  |  | $ | - |  |  | $ | 1,109,087 |
Elimination of intersegment revenues |  |  | (508 | ) |  |  | (4,202 | ) |  |  | - |  |  |  | (4,984 | ) |  |  | (9,694 | ) |  |  | - |  |  |  | (9,694 | )
Revenues from external customers |  | $ | 391,023 |  |  | $ | 346,340 |  |  | $ | 315,270 |  |  | $ | 46,760 |  |  | $ | 1,099,393 |  |  | $ | - |  |  | $ | 1,099,393 |
Income from Construction Operations |  | $ | 20,847 |  |  | $ | 26,280 |  |  | $ | 14,236 |  |  | $ | 2,841 |  |  | $ | 64,204 |  |  | $ | (9,528 | )* |  | $ | 54,676 |
Three Months Ended September 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenues |  | $ | 566,518 |  |  | $ | 280,446 |  |  | $ | 335,924 |  |  | $ | 85,481 |  |  | $ | 1,268,369 |  |  | $ | - |  |  | $ | 1,268,369 |
Elimination of intersegment revenues |  |  | (72,721 | ) |  |  | (3,649 | ) |  |  | - |  |  |  | (25,589 | ) |  |  | (101,959 | ) |  |  | - |  |  |  | (101,959 | )
Revenues from external customers |  | $ | 493,797 |  |  | $ | 276,797 |  |  | $ | 335,924 |  |  | $ | 59,892 |  |  | $ | 1,166,410 |  |  | $ | - |  |  | $ | 1,166,410 |
Income from Construction Operations |  | $ | 8,877 |  |  | $ | 23,805 |  |  | $ | 33,130 |  |  | $ | 5,381 |  |  | $ | 71,193 |  |  | $ | (9,157 | )* |  | $ | 62,036 |
|  | Reportable Segments |  |  |  |  |  |  |
|  | Building |  |  | Civil |  |  | Specialty Contractors |  |  | Management Services |  |  | Totals |  |  | Corporate |  |  | Consolidated Total |
Nine Months Ended September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenues |  | $ | 1,066,494 |  |  | $ | 928,203 |  |  | $ | 858,843 |  |  | $ | 184,629 |  |  | $ | 3,038,169 |  |  | $ | - |  |  | $ | 3,038,169 |
Elimination of intersegment revenues |  |  | (4,417 | ) |  |  | (8,794 | ) |  |  | (233 | ) |  |  | (27,452 | ) |  |  | (40,896 | ) |  |  | - |  |  |  | (40,896 | )
Revenues from external customers |  | $ | 1,062,077 |  |  | $ | 919,409 |  |  | $ | 858,610 |  |  | $ | 157,177 |  |  | $ | 2,997,273 |  |  | $ | - |  |  | $ | 2,997,273 |
(Loss) Income from Construction Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Before Impairment Charge |  | $ | (2,537 | ) |  | $ | 68,884 |  |  | $ | 53,852 |  |  | $ | 6,579 |  |  | $ | 126,778 |  |  | $ | (32,739 | )* |  | $ | 94,039 |
Impairment Charge |  |  | (282,608 | ) |  |  | (65,503 | ) |  |  | (11,489 | ) |  |  | (16,974 | ) |  |  | (376,574 | ) |  |  | - |  |  |  | (376,574 | )
Total |  | $ | (285,145 | ) |  | $ | 3,381 |  |  | $ | 42,363 |  |  | $ | (10,395 | ) |  | $ | (249,796 | ) |  | $ | (32,739 | ) |  | $ | (282,535 | )
Nine Months Ended September 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenues |  | $ | 1,461,005 |  |  | $ | 557,398 |  |  | $ | 514,809 |  |  | $ | 209,956 |  |  | $ | 2,743,168 |  |  | $ | - |  |  | $ | 2,743,168 |
Elimination of intersegment revenues |  |  | (81,426 | ) |  |  | (9,092 | ) |  |  | - |  |  |  | (51,093 | ) |  |  | (141,611 | ) |  |  | - |  |  |  | (141,611 | )
Revenues from external customers |  | $ | 1,379,579 |  |  | $ | 548,306 |  |  | $ | 514,809 |  |  | $ | 158,863 |  |  | $ | 2,601,557 |  |  | $ | - |  |  | $ | 2,601,557 |
Income from Construction Operations |  | $ | 43,704 |  |  | $ | 51,732 |  |  | $ | 35,812 |  |  | $ | 14,541 |  |  | $ | 145,789 |  |  | $ | (28,205 | )* |  | $ | 117,584 |
* | Consists primarily of corporate general and administrative expenses.
The following table sets forth certain reportable segment information relating to the Company's total assets as of September 30, 2012 and December 31, 2011 (in thousands):
|  | Total Assets as of |
|  | September 30, 2012 |  |  | December 31, 2011 |
Building |  | $ | 690,188 |  |  | $ | 1,125,632 |
Civil |  |  | 1,056,837 |  |  |  | 1,102,471 |
Specialty Contractors |  |  | 718,383 |  |  |  | 597,986 |
Management Services |  |  | 184,735 |  |  |  | 182,583 |
|  |  | 2,650,143 |  |  |  | 3,008,672 |
Corporate ** |  |  | 585,315 |  |  |  | 604,455 |
Total |  | $ | 3,235,458 |  |  | $ | 3,613,127 |
** Consists principally of cash and cash equivalents, corporate transportation equipment, and other investments available for general corporate purposes.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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