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Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2019
Business Segments [Abstract] |
Reportable Segments |
| Reportable Segments |  |  |  |  |  |
|  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  | Consolidated
(in thousands) | Civil |  |  | Building |  | Contractors |  | Total |  | Corporate |  | Total
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 541,117 |  | $ | 433,559 |  | $ | 223,299 |  | $ | 1,197,975 |  | $ | — |  | $ | 1,197,975
Elimination of intersegment revenue |  | (67,459) |  |  | (5,241) |  |  | — |  |  | (72,700) |  |  | — |  |  | (72,700)
Revenue from external customers | $ | 473,658 |  | $ | 428,318 |  | $ | 223,299 |  | $ | 1,125,275 |  | $ | — |  | $ | 1,125,275
Income (loss) from construction operations | $ | (164,472) |  | $ | (3,810) |  | $ | (159,795) |  | $ | (328,077) | (a) | $ | (13,640) | (b) | $ | (341,717)
Capital expenditures | $ | 24,439 |  | $ | 150 |  | $ | 110 |  | $ | 24,699 |  | $ | 235 |  | $ | 24,934
Depreciation and amortization(c) | $ | 10,285 |  | $ | 497 |  | $ | 1,061 |  | $ | 11,843 |  | $ | 2,754 |  | $ | 14,597
Three Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 461,614 |  | $ | 447,975 |  | $ | 270,633 |  | $ | 1,180,222 |  | $ | — |  | $ | 1,180,222
Elimination of intersegment revenue |  | (59,141) |  |  | (996) |  |  | — |  |  | (60,137) |  |  | — |  |  | (60,137)
Revenue from external customers | $ | 402,473 |  | $ | 446,979 |  | $ | 270,633 |  | $ | 1,120,085 |  | $ | — |  | $ | 1,120,085
Income (loss) from construction operations | $ | 49,439 |  | $ | 12,536 |  | $ | 7,454 |  | $ | 69,429 |  | $ | (14,614) | (b) | $ | 54,815
Capital expenditures | $ | 27,352 |  | $ | 592 |  | $ | 215 |  | $ | 28,159 |  | $ | 174 |  | $ | 28,333
Depreciation and amortization(c) | $ | 6,569 |  | $ | 489 |  | $ | 1,106 |  | $ | 8,164 |  | $ | 2,813 |  | $ | 10,977
(a)During the three months ended June 30, 2019, the Company recorded a non-cash goodwill impairment charge of $379.9 million in income (loss) from continuing operations (an unfavorable after-tax impact of $329.5 million, or $6.56 per diluted share) resulting from an interim impairment test the Company performed as of June 1, 2019. (For further information and breakdown of the goodwill impairment charge by segment, see Note 8, Goodwill and Intangible Assets). (b)Consists primarily of corporate general and administrative expenses. (c)Depreciation and amortization is included in income (loss) from construction operations.
| Reportable Segments |  |  |  |  |  |
|  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  | Consolidated
(in thousands) | Civil |  |  | Building |  | Contractors |  | Total |  | Corporate |  | Total
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 924,739 |  | $ | 869,802 |  | $ | 414,826 |  | $ | 2,209,367 |  | $ | — |  | $ | 2,209,367
Elimination of intersegment revenue |  | (117,587) |  |  | (8,018) |  |  | — |  |  | (125,605) |  |  | — |  |  | (125,605)
Revenue from external customers | $ | 807,152 |  | $ | 861,784 |  | $ | 414,826 |  | $ | 2,083,762 |  | $ | — |  | $ | 2,083,762
Income (loss) from construction operations | $ | (122,727) |  | $ | (677) |  | $ | (167,283) |  | $ | (290,687) | (a) | $ | (28,117) | (b) | $ | (318,804)
Capital expenditures | $ | 38,451 |  | $ | 205 |  | $ | 233 |  | $ | 38,889 |  | $ | 457 |  | $ | 39,346
Depreciation and amortization(c) | $ | 19,655 |  | $ | 1,000 |  | $ | 2,125 |  | $ | 22,780 |  | $ | 5,534 |  | $ | 28,314
Six Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 787,014 |  | $ | 938,592 |  | $ | 545,434 |  | $ | 2,271,040 |  | $ | — |  | $ | 2,271,040
Elimination of intersegment revenue |  | (121,427) |  |  | (1,372) |  |  | — |  |  | (122,799) |  |  | — |  |  | (122,799)
Revenue from external customers | $ | 665,587 |  | $ | 937,220 |  | $ | 545,434 |  | $ | 2,148,241 |  | $ | — |  | $ | 2,148,241
Income (loss) from construction operations(d) | $ | 52,278 |  | $ | 18,961 |  | $ | 14,689 |  | $ | 85,928 |  | $ | (32,038) | (b) | $ | 53,890
Capital expenditures | $ | 46,548 |  | $ | 870 |  | $ | 634 |  | $ | 48,052 |  | $ | 251 |  | $ | 48,303
Depreciation and amortization(c) | $ | 12,325 |  | $ | 970 |  | $ | 2,218 |  | $ | 15,513 |  | $ | 5,651 |  | $ | 21,164
(a)During the six months ended June 30, 2019, the Company recorded a non-cash goodwill impairment charge of $379.9 million in income (loss) from continuing operations (an unfavorable after-tax impact of $329.5 million, or $6.57 per diluted share) resulting from an interim impairment test the Company performed as of June 1, 2019. (For further information and breakdown of the goodwill impairment charge by segment, see Note 8, Goodwill and Intangible Assets). (b)Consists primarily of corporate general and administrative expenses. (c)Depreciation and amortization is included in income (loss) from construction operations. (d)During the six months ended June 30, 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.
Reconciliation of Segment Results to Consolidated Income Before Income Taxes |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Income (loss) from construction operations | $ | (341,717) |  | $ | 54,815 |  | $ | (318,804) |  | $ | 53,890
Other income, net |  | 900 |  |  | 1,050 |  |  | 1,322 |  |  | 1,830
Interest expense |  | (17,522) |  |  | (15,998) |  |  | (33,947) |  |  | (31,063)
Income (loss) before income taxes | $ | (358,339) |  | $ | 39,867 |  | $ | (351,429) |  | $ | 24,657
Schedule of Assets by Segment |
| As of |  | As of
(in thousands) | June 30, 2019 |  | December 31, 2018
Civil | $ | 2,545,572 |  | $ | 2,574,326
Building |  | 961,287 |  |  | 913,746
Specialty Contractors |  | 607,008 |  |  | 745,313
Corporate and other(a) |  | 299,629 |  |  | 154,367
Total assets | $ | 4,413,496 |  | $ | 4,387,752
(a)Consists principally of cash, equipment, tax-related assets and insurance-related assets, offset by the elimination of assets related to intersegment revenue.

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