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Business Segments | 9 Months Ended
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Sep. 30, 2014
Business Segments [Abstract] |
Business Segments | (12) Business Segments The Company’s chief operating decision maker is the Chairman and Chief Executive Officer, who decides how to allocate resources and assess performance of the business segments. Generally, the Company evaluates performance of its operating segments on the basis of income from construction operations and cash flow. As discussed in Note 6, during the first quarter of 2014, the Company completed a reorganization which resulted in the elimination of the Management Services reporting unit and reportable segment. The Management Services reporting unit formerly consisted of the following subsidiary companies: Black Construction and Perini Management Services. The reorganization was completed due to the unit no longer meeting the criteria set forth in FASB ASC Topic 280, “Segment Reporting”. The following table sets forth certain reportable segment information relating to the Company’s operation for the three and nine months ended September 30, 2014 and 2013 (in thousands). In accordance with the accounting guidance on segment reporting, the Company has restated the comparative prior period information for the reorganized reportable segments:
|  | Reportable Segments |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  | Consolidated
(in thousands) |  | Civil |  |  | Building |  | Contractors |  | Totals |  | Corporate |  |  | Total
Three Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 496,142 |  | $ | 420,404 |  | $ | 355,932 |  | $ | 1,272,478 |  | $ | — |  |  | $ | 1,272,478
Elimination of intersegment revenues |  |  | (13,472) |  |  | (8,317) |  |  | — |  |  | (21,789) |  |  | — |  |  |  | (21,789)
Revenues from external customers |  | $ | 482,670 |  | $ | 412,087 |  | $ | 355,932 |  | $ | 1,250,689 |  | $ | — |  |  | $ | 1,250,689
Income from construction operations |  | $ | 53,684 |  | $ | 19,159 |  | $ | 10,876 |  | $ | 83,719 |  | $ | (13,365) | * |  | $ | 70,354
Three Months Ended September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 401,976 |  | $ | 366,833 |  | $ | 287,633 |  | $ | 1,056,442 |  | $ | — |  |  | $ | 1,056,442
Elimination of intersegment revenues |  |  | (4,270) |  |  | (21,784) |  |  | — |  |  | (26,054) |  |  | — |  |  |  | (26,054)
Revenues from external customers |  | $ | 397,706 |  | $ | 345,049 |  | $ | 287,633 |  | $ | 1,030,388 |  | $ | — |  |  | $ | 1,030,388
Income from construction operations |  | $ | 49,559 |  | $ | 12,847 |  | $ | 9,312 |  | $ | 71,718 |  | $ | (13,624) | * |  | $ | 58,094
|  | Reportable Segments |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  | Consolidated
(in thousands) |  | Civil |  |  | Building |  | Contractors |  | Totals |  | Corporate |  |  | Total
Nine Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 1,270,657 |  | $ | 1,122,072 |  | $ | 970,036 |  | $ | 3,362,765 |  | $ | — |  |  | $ | 3,362,765
Elimination of intersegment revenues |  |  | (32,292) |  |  | (40,041) |  |  | — |  |  | (72,333) |  |  | — |  |  |  | (72,333)
Revenues from external customers |  | $ | 1,238,365 |  | $ | 1,082,031 |  | $ | 970,036 |  | $ | 3,290,432 |  | $ | — |  |  | $ | 3,290,432
Income from construction operations |  | $ | 156,031 |  | $ | 28,656 |  | $ | 31,326 |  | $ | 216,013 |  | $ | (38,719) | * |  | $ | 177,294
Nine Months Ended September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 1,063,937 |  | $ | 1,261,665 |  | $ | 873,544 |  |  | 3,199,146 |  |  | — |  |  |  | 3,199,146
Elimination of intersegment revenues |  |  | (66,073) |  |  | (56,682) |  |  | (10) |  |  | (122,765) |  |  | — |  |  |  | (122,765)
Revenues from external customers |  | $ | 997,864 |  | $ | 1,204,983 |  | $ | 873,534 |  | $ | 3,076,381 |  | $ | — |  |  | $ | 3,076,381
Income from construction operations |  | $ | 104,483 |  | $ | 20,855 |  | $ | 44,583 |  | $ | 169,921 |  | $ | (36,274) | * |  | $ | 133,647
* Consists primarily of corporate general and administrative expenses. The following table set forth certain reportable segment information relating to the Company’s total assets as of September 30, 2014 and December 31, 2013 (in thousands):
|  | September 30, 2014 |  | December 31, 2013
Building |  |  | 665,267 |  |  | 663,314
Civil |  |  | 1,764,712 |  |  | 1,384,937
Specialty Contractors |  |  | 803,051 |  |  | 734,079
|  | $ | 3,233,030 |  | $ | 2,782,330
Corporate * |  |  | 602,490 |  |  | 615,108
Total |  | $ | 3,835,520 |  | $ | 3,397,438
* Consists principal ly of Cash and Cash Equivalents and cor porate transportation equipment.

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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 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: 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 4: 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 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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: 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 8: 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 Reference 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 + Details
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