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Business Segments | 3 Months Ended
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Mar. 31, 2020
Business Segments [Abstract] |
Business Segments | (18) Business Segments The Company offers general contracting, pre-construction planning and comprehensive project management services, including planning and scheduling of manpower, equipment, materials and subcontractors required for the timely completion of a project in accordance with the terms and specifications contained in a construction contract. The Company also offers self-performed construction services: site work, concrete forming and placement, steel erection, electrical, mechanical, plumbing, and HVAC (heating, ventilation and air conditioning). As described below, the Company’s business is conducted through three segments: Civil, Building and Specialty Contractors. These segments are determined based on how the Company’s Chairman and Chief Executive Officer (chief operating decision maker) aggregates business units when evaluating performance and allocating resources. The Civil segment specializes in public works construction and the replacement and reconstruction of infrastructure. The contracting services provided by the Civil segment include construction and rehabilitation of highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities. The Building segment has significant experience providing services for private and public works customers in a number of specialized building markets, including: high-rise residential, hospitality and gaming, transportation, health care, commercial and government offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial and technology. The Specialty Contractors segment specializes in electrical, mechanical, plumbing, HVAC, fire protection systems and pneumatically placed concrete for a full range of civil and building construction projects in the industrial, commercial, hospitality and gaming, and mass-transit end markets. This segment provides the Company with unique strengths and capabilities that allow the Company to position itself as a full-service contractor with greater control over scheduled work, project delivery, and cost and risk management. To the extent that a contract is co-managed and co-executed among segments, the Company allocates the share of revenues and costs of the contract to each segment to reflect the shared responsibilities in the management and execution of the project. The following tables set forth certain reportable segment information relating to the Company’s operations for the three months ended March 31, 2020 and 2019:
| Reportable Segments |  |  |  |  |  |
|  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  | Consolidated
(in thousands) | Civil |  |  | Building |  | Contractors |  | Total |  | Corporate |  | Total
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 580,087 |  | $ | 505,082 |  | $ | 282,452 |  | $ | 1,367,621 |  | $ | — |  | $ | 1,367,621
Elimination of intersegment revenue |  | (93,458) |  |  | (23,318) |  |  | (116) |  |  | (116,892) |  |  | — |  |  | (116,892)
Revenue from external customers | $ | 486,629 |  | $ | 481,764 |  | $ | 282,336 |  | $ | 1,250,729 |  | $ | — |  | $ | 1,250,729
Income (loss) from construction operations | $ | 46,121 |  | $ | 3,516 |  | $ | 8,279 |  | $ | 57,916 |  | $ | (10,689) | (a) | $ | 47,227
Capital expenditures | $ | 11,192 |  | $ | 12 |  | $ | 473 |  | $ | 11,677 |  | $ | 16 |  | $ | 11,693
Depreciation and amortization(b) | $ | 18,616 |  | $ | 427 |  | $ | 993 |  | $ | 20,036 |  | $ | 2,775 |  | $ | 22,811
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 383,622 |  | $ | 436,243 |  | $ | 191,527 |  | $ | 1,011,392 |  | $ | — |  | $ | 1,011,392
Elimination of intersegment revenue |  | (50,128) |  |  | (2,777) |  |  | — |  |  | (52,905) |  |  | — |  |  | (52,905)
Revenue from external customers | $ | 333,494 |  | $ | 433,466 |  | $ | 191,527 |  | $ | 958,487 |  | $ | — |  | $ | 958,487
Income (loss) from construction operations | $ | 41,745 |  | $ | 3,133 |  | $ | (7,488) |  | $ | 37,390 |  | $ | (14,477) | (a) | $ | 22,913
Capital expenditures | $ | 14,012 |  | $ | 55 |  | $ | 123 |  | $ | 14,190 |  | $ | 222 |  | $ | 14,412
Depreciation and amortization(b) | $ | 9,370 |  | $ | 503 |  | $ | 1,064 |  | $ | 10,937 |  | $ | 2,780 |  | $ | 13,717
____________________________________________________________________________________________________ (a)Consists primarily of corporate general and administrative expenses. (b)Depreciation and amortization is included in income (loss) from construction operations. A reconciliation of segment results to the consolidated income before income taxes is as follows:
| Three Months Ended March 31,
(in thousands) | 2020 |  | 2019
Income from construction operations | $ | 47,227 |  | $ | 22,913
Other income, net |  | 481 |  |  | 422
Interest expense |  | (16,436) |  |  | (16,425)
Income before income taxes | $ | 31,272 |  | $ | 6,910
Total assets by segment were as follows:
| As of |  | As of
(in thousands) | March 31, 2020 |  | December 31, 2019
Civil | $ | 2,877,417 |  | $ | 2,791,402
Building |  | 1,094,207 |  |  | 995,298
Specialty Contractors |  | 659,629 |  |  | 635,180
Corporate and other(a) |  | 55,153 |  |  | 63,897
Total assets | $ | 4,686,406 |  | $ | 4,485,777
____________________________________________________________________________________________________ (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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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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