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Business Segments | 12 Months Ended
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Dec. 31, 2014
Business Segments |
Business Segments | [1 2] 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 operations and cash flow. 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 tables set forth certain reportable segment information relating to the Company’s operations for the years ended December 31, 2014, 2013 and 2012. In accordance with the accounting guidance on segment reporting, the Company has restated comparative prior period information for the reorganized reportable segments in the tables below.
|  | Reportable Segments |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total
|  |  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  | Consolidated
(in thousands) |  | Civil |  | Building |  | Contractors |  | Totals |  | Corporate |  | Total
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenues |  | $ | 1,730,468 |  | $ | 1,558,431 |  | $ | 1,301,328 |  | $ | 4,590,227 |  | $ | — |  |  | $ | 4,590,227
Elimination of intersegment revenues |  |  | (43,324) |  |  | (54,594) |  |  | — |  |  | (97,918) |  |  | — |  |  |  | (97,918)
Revenues from external customers |  | $ | 1,687,144 |  | $ | 1,503,837 |  | $ | 1,301,328 |  | $ | 4,492,309 |  | $ | — |  |  | $ | 4,492,309
Income from construction operations |  | $ | 220,554 |  | $ | 24,697 |  | $ | 50,998 |  | $ | 296,249 |  | $ | (54,559) |  |  | $ | 241,690
Assets |  | $ | 1,814,170 |  | $ | 680,933 |  | $ | 775,162 |  | $ | 3,270,265 |  | $ | 503,050 | (b) |  | $ | 3,773,315
Capital Expenditures |  | $ | 65,377 |  | $ | 735 |  | $ | 6,974 |  | $ | 73,086 |  | $ | 1,927 |  |  | $ | 75,013
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenues |  | $ | 1,519,370 |  | $ | 1,622,705 |  | $ | 1,182,844 |  | $ | 4,324,919 |  | $ | — |  |  | $ | 4,324,919
Elimination of intersegment revenues |  |  | (77,954) |  |  | (70,726) |  |  | (567) |  |  | (149,247) |  |  | — |  |  |  | (149,247)
Revenues from external customers |  | $ | 1,441,416 |  | $ | 1,551,979 |  | $ | 1,182,277 |  | $ | 4,175,672 |  | $ | — |  |  | $ | 4,175,672
Income from construction operations |  |  | 177,667 |  | $ | 24,579 |  | $ | 49,008 |  | $ | 251,254 |  | $ | (47,432) |  |  | $ | 203,822
Assets |  | $ | 1,427,633 |  | $ | 666,375 |  | $ | 727,303 |  | $ | 2,821,311 |  | $ | 576,127 | (b) |  | $ | 3,397,438
Capital Expenditures |  |  | 32,489 |  | $ | 1,666 |  | $ | 4,137 |  | $ | 38,292 |  | $ | 6,999 |  |  | $ | 45,291
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Revenues |  | $ | 1,378,322 |  | $ | 1,632,279 |  | $ | 1,183,518 |  | $ | 4,194,119 |  | $ | — |  |  | $ | 4,194,119
Elimination of intersegment revenues |  |  | (42,329) |  |  | (39,838) |  |  | (481) |  |  | (82,648) |  |  | — |  |  |  | (82,648)
Revenues from external customers |  | $ | 1,335,993 |  | $ | 1,592,441 |  | $ | 1,183,037 |  | $ | 4,111,471 |  | $ | — |  |  | $ | 4,111,471
(Loss) Income from construction operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Before impairment charge |  | $ | 118,637 |  | $ | 2,140 |  | $ | 79,080 |  | $ | 199,857 |  | $ | (45,094) | (a) |  | $ | 154,763
Impairment charge |  |  | (81,341) |  |  | (283,744) |  |  | (11,489) |  |  | (376,574) |  |  | — |  |  |  | (376,574)
Total |  | $ | 37,296 |  | $ | (281,604) |  | $ | 67,591 |  | $ | (176,717) |  | $ | (45,094) |  |  | $ | (221,811)
Assets |  | $ | 1,214,805 |  | $ | 681,832 |  | $ | 672,074 |  | $ | 2,568,711 |  | $ | 727,699 | (b) |  | $ | 3,296,410
Capital Expenditures |  | $ | 28,828 |  | $ | 1,682 |  | $ | 10,201 |  | $ | 40,711 |  | $ | 2,691 |  |  | $ | 43,402
______________
| (a) |  | Primarily consist of corporate general and administrative expenses.
| (b) |  | Principally consist of cash and cash equivalents, corporate transportation equipment, construction equipment, and other investments available for general corporate purposes.
Information concerning principal geographic areas is as follows:
|  | Year ended December 31,
|  | 2014 |  | 2013 |  | 2012
|  | (in thousands)
Revenues |  |  |  |  |  |  |  |  |
United States |  | $ | 4,323,471 |  | $ | 4,000,380 |  | $ | 3,925,733
Foreign and U.S. Territories |  |  | 168,838 |  |  | 175,292 |  |  | 185,738
Total |  | $ | 4,492,309 |  | $ | 4,175,672 |  | $ | 4,111,471
Income (loss) from construction operations |  |  |  |  |  |  |  |  |
United States |  | $ | 268,566 |  | $ | 238,989 |  | $ | (195,457)
Foreign and U.S. Territories |  |  | 27,683 |  |  | 12,265 |  |  | 18,740
Corporate |  |  | (54,559) |  |  | (47,432) |  |  | (45,094)
Total |  | $ | 241,690 |  | $ | 203,822 |  | $ | (221,811)
|  | At December 31,
|  | 2014 |  | 2013 |  | 2012
|  | (in thousands)
Assets |  |  |  |  |  |  |  |  |
United States |  | $ | 3,612,997 |  | $ | 3,182,706 |  | $ | 3,107,808
Foreign and U.S. Territories |  |  | 160,318 |  |  | 214,732 |  |  | 188,602
Total |  | $ | 3,773,315 |  | $ | 3,397,438 |  | $ | 3,296,410
Income from construction operations has been allocated geographically based on the location of the job site.

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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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