XML 22 R33.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Segment Information (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2012
Segment Information [Abstract] |
Results of Operations | Results of Operations (In thousands)
|  | Electrical Infrastructure |  |  | Oil Gas & Chemical |  |  | Storage Solutions |  |  | Industrial |  |  | Other |  |  | Total |
Twelve Months Ended June 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross revenues |  | $ | 135,086 |  |  | $ | 206,031 |  |  | $ | 380,488 |  |  | $ | 19,983 |  |  | $ | — |  |  | $ | 741,588 |
Less: inter-segment revenues |  |  | — |  |  |  | 208 |  |  |  | 2,334 |  |  |  | — |  |  |  | — |  |  |  | 2,542 |
Consolidated revenues |  |  | 135,086 |  |  |  | 205,823 |  |  |  | 378,154 |  |  |  | 19,983 |  |  |  | — |  |  |  | 739,046 |
Gross profit |  |  | 16,676 |  |  |  | 20,070 |  |  |  | 42,393 |  |  |  | 479 |  |  |  | — |  |  |  | 79,618 |
Operating income (loss) |  |  | 7,609 |  |  |  | 8,134 |  |  |  | 17,493 |  |  |  | (1,601 | ) |  |  | — |  |  |  | 31,635 |
Segment assets |  |  | 51,998 |  |  |  | 53,567 |  |  |  | 150,543 |  |  |  | 14,018 |  |  |  | 53,009 |  |  |  | 323,135 |
Capital expenditures |  |  | 2,581 |  |  |  | 2,346 |  |  |  | 3,929 |  |  |  | 741 |  |  |  | 3,937 |  |  |  | 13,534 |
Depreciation and amortization expense |  |  | 1,823 |  |  |  | 2,838 |  |  |  | 6,309 |  |  |  | 515 |  |  |  | — |  |  |  | 11,485 |
Twelve Months Ended June 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross revenues |  | $ | 151,065 |  |  | $ | 143,753 |  |  | $ | 299,762 |  |  | $ | 33,934 |  |  | $ | — |  |  | $ | 628,514 |
Less: inter-segment revenues |  |  | 7 |  |  |  | 399 |  |  |  | 1,056 |  |  |  | — |  |  |  | — |  |  |  | 1,462 |
Consolidated revenues |  |  | 151,058 |  |  |  | 143,354 |  |  |  | 298,706 |  |  |  | 33,934 |  |  |  | — |  |  |  | 627,052 |
Gross profit |  |  | 18,337 |  |  |  | 13,647 |  |  |  | 38,779 |  |  |  | 4,151 |  |  |  | — |  |  |  | 74,914 |
Operating income |  |  | 9,111 |  |  |  | 3,105 |  |  |  | 16,612 |  |  |  | 2,072 |  |  |  | — |  |  |  | 30,900 |
Segment assets |  |  | 46,411 |  |  |  | 42,801 |  |  |  | 131,050 |  |  |  | 19,542 |  |  |  | 66,632 |  |  |  | 306,436 |
Capital expenditures |  |  | 2,511 |  |  |  | 908 |  |  |  | 4,098 |  |  |  | 9 |  |  |  | 2,890 |  |  |  | 10,416 |
Depreciation and amortization expense |  |  | 1,613 |  |  |  | 2,490 |  |  |  | 6,533 |  |  |  | 431 |  |  |  | — |  |  |  | 11,067 |
Twelve Months Ended June 30, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross revenues |  | $ | 103,015 |  |  | $ | 150,344 |  |  | $ | 272,305 |  |  | $ | 27,622 |  |  | $ | — |  |  | $ | 553,286 |
Less: inter-segment revenues |  |  | 21 |  |  |  | 1,460 |  |  |  | 991 |  |  |  | — |  |  |  | — |  |  |  | 2,472 |
Consolidated revenues |  |  | 102,994 |  |  |  | 148,884 |  |  |  | 271,314 |  |  |  | 27,622 |  |  |  | — |  |  |  | 550,814 |
Gross profit |  |  | 13,289 |  |  |  | 9,121 |  |  |  | 27,806 |  |  |  | 2,706 |  |  |  | — |  |  |  | 52,922 |
Operating income (loss) |  |  | 3,501 |  |  |  | (849 | ) |  |  | 6,183 |  |  |  | (1,082 | ) |  |  | — |  |  |  | 7,753 |
Segment assets |  |  | 47,456 |  |  |  | 43,603 |  |  |  | 121,919 |  |  |  | 11,341 |  |  |  | 60,489 |  |  |  | 284,808 |
Capital expenditures |  |  | 266 |  |  |  | 365 |  |  |  | 1,440 |  |  |  | — |  |  |  | 3,231 |  |  |  | 5,302 |
Depreciation and amortization expense |  |  | 1,299 |  |  |  | 2,869 |  |  |  | 7,220 |  |  |  | 363 |  |  |  | — |  |  |  | 11,751 |
Summary of revenues and long lived assets according to geographic areas |
|  | Revenues |
|  | Twelve Months Ended |
|  | June 30, 2012 |  |  | June 30, 2011 |  |  | June 30, 2010 |
|  | (In thousands) |
Domestic |  | $ | 674,496 |  |  | $ | 596,756 |  |  | $ | 518,750 |
International |  |  | 64,550 |  |  |  | 30,296 |  |  |  | 32,064 |
|  | $ | 739,046 |  |  | $ | 627,052 |  |  | $ | 550,814 |
|  | Long-Lived Assets |
|  | June 30, 2012 |  |  | June 30, 2011 |  |  | June 30, 2010 |
|  | (In thousands) |
Domestic |  | $ | 85,290 |  |  | $ | 83,312 |  |  | $ | 81,424 |
International |  |  | 6,132 |  |  |  | 6,693 |  |  |  | 4,517 |
|  | $ | 91,422 |  |  | $ | 90,005 |  |  | $ | 85,941 |
Quarterly Financial Information | Matrix Service Company Quarterly Financial Data (Unaudited) Fiscal Years Ended June 30, 2012 and June 30, 2011
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter(a) |
|  | (In thousands, except per share amounts) |
Fiscal Year 2012 |  |  |  |
Revenues |  | $ | 169,321 |  |  | $ | 200,964 |  |  | $ | 183,899 |  |  | $ | 184,862 |
Gross profit |  |  | 18,093 |  |  |  | 23,098 |  |  |  | 19,771 |  |  |  | 18,656 |
Operating income |  |  | 6,610 |  |  |  | 11,200 |  |  |  | 7,415 |  |  |  | 6,410 |
Net income |  |  | 3,509 |  |  |  | 7,031 |  |  |  | 4,862 |  |  |  | 1,786 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 0.13 |  |  |  | 0.27 |  |  |  | 0.19 |  |  |  | 0.07 |
Diluted |  |  | 0.13 |  |  |  | 0.27 |  |  |  | 0.19 |  |  |  | 0.07 |
Fiscal Year 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 151,838 |  |  | $ | 175,252 |  |  | $ | 136,333 |  |  | $ | 163,629 |
Gross profit |  |  | 15,702 |  |  |  | 19,768 |  |  |  | 18,570 |  |  |  | 20,874 |
Operating income |  |  | 5,113 |  |  |  | 8,632 |  |  |  | 7,640 |  |  |  | 9,515 |
Net income |  |  | 3,089 |  |  |  | 5,287 |  |  |  | 4,923 |  |  |  | 5,683 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 0.12 |  |  |  | 0.20 |  |  |  | 0.19 |  |  |  | 0.21 |
Diluted |  |  | 0.12 |  |  |  | 0.20 |  |  |  | 0.18 |  |  |  | 0.21 |
(a) | Fourth quarter earnings included an income tax charge of $3.1 million. The income tax charge represents adjustments of $2.1 million for prior fiscal years and $1.0 million in fiscal 2012, of which $0.2 million related to fourth quarter activity.
The sum of earnings per share for the four quarters may not equal the total earnings per share for the year due to changes in the average number of common shares outstanding and rounding.

X
- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 38 -Subparagraph b(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: 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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration