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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Segments [Abstract] |
Reportable Segments |
| Reportable Segments |  |  |  |  |  |
|  |  |  |  | Specialty |  | Segment |  |  |  | Consolidated
(in thousands) | Civil |  | Building |  | Contractors |  | Total |  | Corporate |  | Total
Year ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 2,054,097 |  | $ | 1,764,753 |  | $ | 929,738 |  | $ | 4,748,588 |  | $ | — |  | $ | 4,748,588
Elimination of intersegment revenue |  | (274,745) |  |  | (22,713) |  |  | (298) |  |  | (297,756) |  |  | — |  |  | (297,756)
Revenue from external customers | $ | 1,779,352 |  | $ | 1,742,040 |  | $ | 929,440 |  | $ | 4,450,832 |  | $ | — |  | $ | 4,450,832
Income (loss) from construction operations(a) | $ | (150,837) |  | $ | 23,655 |  | $ | (172,637) |  | $ | (299,819) |  | $ | (65,188) | (b) | $ | (365,007)
Capital expenditures | $ | 82,156 |  | $ | 518 |  | $ | 688 |  | $ | 83,362 |  | $ | 834 |  | $ | 84,196
Depreciation and amortization(c) | $ | 47,905 |  | $ | 1,934 |  | $ | 4,136 |  | $ | 53,975 |  | $ | 11,069 |  | $ | 65,044
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(d) | $ | 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
_____________________________________________________________________________________________________________ (a)During the year ended December 31, 2019, the Company recorded a non-cash goodwill impairment charge of $379.9 million in income (loss) from construction operations (an after-tax impact of $330.5 million, or $6.58 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 6. In addition, during the year ended December 31, 2019 the Company recorded a charge of $166.8 million in income (loss) from construction operations (an after-tax impact of $119.4 million, or $2.38 per diluted share), which principally impacted the Civil segment, as a result of the adverse jury verdict on the Alaskan Way Viaduct Matter, as discussed in Note 8. Lastly, the Company recognized a one-time gain of $37.8 million (an after-tax impact of $27.1 million, or $0.54 per diluted share) in Civil segment general and administrative expenses related to a remeasurement of its investment in a joint venture (see Note 13). (b)Consists primarily of corporate general and administrative expenses. (c)Depreciation and amortization is included in income (loss) from construction operations. (d)During the year ended December 31, 2018, the Company recorded a charge of $17.8 million in income (loss) 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 adverse 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.
Total Assets for Reportable Segments |
| As of December 31,
(in thousands) | 2019 |  | 2018
Civil | $ | 2,791,402 |  | $ | 2,574,326
Building |  | 995,298 |  |  | 913,746
Specialty Contractors |  | 635,180 |  |  | 745,313
Corporate and other(a) |  | 63,897 |  |  | 154,367
Total assets | $ | 4,485,777 |  | $ | 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.
Principal Geographical Areas |
| Year Ended December 31,
(in thousands) | 2019 |  | 2018 |  | 2017
Revenue: |  |  |  |  |  |  |  |
United States | $ | 4,073,691 |  | $ | 4,180,206 |  | $ | 4,613,644
Foreign and U.S. territories |  | 377,141 |  |  | 274,456 |  |  | 143,564
Total revenue | $ | 4,450,832 |  | $ | 4,454,662 |  | $ | 4,757,208
| As of December 31,
(in thousands) | 2019 |  | 2018
Assets: |  |  |  |  |
United States | $ | 4,271,722 |  | $ | 4,225,143
Foreign and U.S. territories |  | 214,055 |  |  | 162,609
Total assets | $ | 4,485,777 |  | $ | 4,387,752
Reconciliation of Segment Results to Consolidated Income Before Income Taxes |
| Year Ended December 31,
(in thousands) | 2019 |  | 2018 |  | 2017
Income (loss) from construction operations | $ | (365,007) |  | $ | 191,876 |  | $ | 179,477
Other income, net |  | 6,667 |  |  | 4,256 |  |  | 43,882
Interest expense |  | (67,494) |  |  | (63,519) |  |  | (69,384)
Income (loss) before income taxes | $ | (425,834) |  | $ | 132,613 |  | $ | 153,975

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