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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Segments [Abstract] |
Reportable Segments | ﻿
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﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | Reportable Segments |  |  |  |  |  |
﻿ |  |  |  |  | Specialty |  | Segment |  |  |  | Consolidated
﻿(in thousands) | Civil |  | Building |  | Contractors |  | Total |  | Corporate |  | Total
﻿Year ended December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total revenue | $ | 1,810,232 |  | $ | 1,866,902 |  | $ | 1,006,870 |  | $ | 4,684,004 |  | $ | — |  | $ | 4,684,004
﻿Elimination of intersegment revenue |  | (224,139) |  |  | (5,203) |  |  | — |  |  | (229,342) |  |  | — |  |  | (229,342)
﻿Revenue from external customers | $ | 1,586,093 |  | $ | 1,861,699 |  | $ | 1,006,870 |  | $ | 4,454,662 |  | $ | — |  | $ | 4,454,662
﻿Income (loss) from construction operations(a) | $ | 168,256 |  | $ | 43,939 |  | $ | 43,430 |  | $ | 255,625 |  | $ | (63,749) | (b) | $ | 191,876
﻿Capital expenditures | $ | 73,866 |  | $ | 1,655 |  | $ | 777 |  | $ | 76,298 |  | $ | 771 |  | $ | 77,069
﻿Depreciation and amortization(c) | $ | 29,685 |  | $ | 1,956 |  | $ | 4,358 |  | $ | 35,999 |  | $ | 11,268 |  | $ | 47,267
﻿Year ended December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total revenue | $ | 1,856,164 |  | $ | 1,982,857 |  | $ | 1,213,708 |  | $ | 5,052,729 |  | $ | — |  | $ | 5,052,729
﻿Elimination of intersegment revenue |  | (253,989) |  |  | (41,532) |  |  | — |  |  | (295,521) |  |  | — |  |  | (295,521)
﻿Revenue from external customers | $ | 1,602,175 |  | $ | 1,941,325 |  | $ | 1,213,708 |  | $ | 4,757,208 |  | $ | — |  | $ | 4,757,208
﻿Income (loss) from construction operations | $ | 192,207 |  | $ | 34,199 |  | $ | 18,938 |  | $ | 245,344 |  | $ | (65,867) | (b) | $ | 179,477
﻿Capital expenditures | $ | 27,694 |  | $ | 267 |  | $ | 721 |  | $ | 28,682 |  | $ | 1,598 |  | $ | 30,280
﻿Depreciation and amortization(c) | $ | 33,767 |  | $ | 2,021 |  | $ | 4,699 |  | $ | 40,487 |  | $ | 11,443 |  | $ | 51,930
﻿Year ended December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total revenue | $ | 1,830,857 |  | $ | 2,146,747 |  | $ | 1,234,272 |  | $ | 5,211,876 |  | $ | — |  | $ | 5,211,876
﻿Elimination of intersegment revenue |  | (161,894) |  |  | (76,906) |  |  | — |  |  | (238,800) |  |  | — |  |  | (238,800)
﻿Revenue from external customers | $ | 1,668,963 |  | $ | 2,069,841 |  | $ | 1,234,272 |  | $ | 4,973,076 |  | $ | — |  | $ | 4,973,076
﻿Income (loss) from construction operations(d) | $ | 172,668 |  | $ | 51,564 |  | $ | 37,908 |  | $ | 262,140 |  | $ | (60,220) | (b) | $ | 201,920
﻿Capital expenditures | $ | 13,541 |  | $ | 516 |  | $ | 1,005 |  | $ | 15,062 |  | $ | 681 |  | $ | 15,743
﻿Depreciation and amortization(c) | $ | 48,561 |  | $ | 2,186 |  | $ | 5,035 |  | $ | 55,782 |  | $ | 11,520 |  | $ | 67,302
_____________________________________________________________________________________________________________
| (a) |  | During the year ended December 31, 2018, the Company recorded a charge of $17.8 million in income from construction operations (an after-tax impact of $12.8 million, or $0.25 per diluted share), which was primarily non-cash, as a result of the unexpected outcome of an arbitration decision related to a subcontract back charge dispute on a Civil segment project in New York that was completed in 2013.
| (b) |  | Consists primarily of corporate general and administrative expenses.
| (c) |  | Depreciation and amortization is included in income from construction operations.
| (d) |  | During the year ended December 31, 2016 the Company recorded net favorable adjustments totaling $3.0 million in income from construction operations (an after-tax impact of $1.8 million, or $0.04 per diluted share) for various Five Star Electric projects in New York in the Specialty Contractors segment. The net impact included material adjustments related to two electrical subcontract projects: a favorable adjustment of $14.0 million for a completed project (an after-tax impact of $8.2 million, or $0.17 per diluted share) and an unfavorable adjustment of $13.8 million for a project that was nearly complete (an after-tax impact of $8.1 million, or $0.16 per diluted share).
Total Assets for Reportable Segments | ﻿
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | As of December 31,
﻿(in thousands) | 2018 |  | 2017
﻿Civil | $ | 2,574,326 |  | $ | 2,452,108
﻿Building |  | 913,746 |  |  | 909,207
﻿Specialty Contractors |  | 745,313 |  |  | 767,807
﻿Corporate and other(a) |  | 154,367 |  |  | 135,001
﻿Total assets | $ | 4,387,752 |  | $ | 4,264,123
| (a) |  | Consists principally of cash, equipment, tax-related assets and insurance-related assets, offset by the elimination of assets related to intersegment revenue.
Principal Geographical Areas | ﻿
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﻿ | Year Ended December 31,
﻿(in thousands) | 2018 |  | 2017 |  | 2016
﻿Revenue: |  |  |  |  |  |  |  |
﻿United States | $ | 4,180,206 |  | $ | 4,613,644 |  | $ | 4,802,393
﻿Foreign and U.S. territories |  | 274,456 |  |  | 143,564 |  |  | 170,683
﻿Total revenue | $ | 4,454,662 |  | $ | 4,757,208 |  | $ | 4,973,076
﻿ ﻿
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | As of December 31,
﻿(in thousands) | 2018 |  | 2017
﻿Assets: |  |  |  |  |
﻿United States | $ | 4,225,143 |  | $ | 4,093,673
﻿Foreign and U.S. territories |  | 162,609 |  |  | 170,450
﻿Total assets | $ | 4,387,752 |  | $ | 4,264,123
﻿
Reconciliation of Segment Results to Consolidated Income Before Income Taxes |
﻿ |  |  |  |  |  |  |  |
﻿ |
﻿ | Year Ended December 31,
﻿(in thousands) | 2018 |  | 2017 |  | 2016
﻿Income from construction operations | $ | 191,876 |  | $ | 179,477 |  | $ | 201,920
﻿Other income, net |  | 4,256 |  |  | 43,882 |  |  | 6,977
﻿Interest expense |  | (63,519) |  |  | (69,384) |  |  | (59,782)
﻿Income before income taxes | $ | 132,613 |  | $ | 153,975 |  | $ | 149,115
﻿

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