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Segment Information
 9 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Segment Information

Note 9 – Segment Information

The Company completed an update of its long-term business strategy in the third quarter of fiscal 2012. This strategy update along with certain changes in our organizational structure led to a reassessment of our operating segments. As a result of these events, we have revised our reportable segments to better align with the current management of the business. Accordingly, our new segments are: Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions, and Industrial. Our previous operating segments were Construction Services and Repair and Maintenance Services.

The Electrical Infrastructure segment primarily encompasses high voltage services to investor owned utilities, and construction and maintenance services to clients with power plants. High voltage services include construction of new substations, existing substation upgrades, short run transmission line installations, distribution upgrades and maintenance, and storm restoration services. Construction and maintenance services are provided to a variety of power generation facilities such as combined cycle plants, nuclear facilities, coal fired power stations, and renewable energy.

The Oil Gas & Chemical segment includes our traditional turnaround activities, plant services and capital construction work in the downstream petroleum industry. Another key offering is our industrial cleaning services which include hydroblasting and vacuum services across most sectors of the energy industry. We also perform work in alternative fuels, cogeneration, industrial and natural gas, and upstream petroleum.

The Storage Solutions segment includes new construction of, as well as planned and emergency maintenance services for crude and refined products aboveground storage tanks. Also included in the Storage Solutions segment is work related to specialty storage tanks including liquefied natural gas ("LNG"), liquid nitrogen/liquid oxygen ("LIN/LOX"), liquid petroleum ("LPG") tanks and other specialty vessels including spheres. Finally, the Storage Solutions segment includes balance of plant work in storage terminals and tank farms.

The Industrial segment includes work in the mining and metals industry, material handling, thermal vacuum chambers, as well as work in other industries including, pharmaceutical, pulp and paper, food and beverage and other miscellaneous industrial markets.

Other consists of corporate asset balances.

The chief operating decision maker evaluates performance and allocates resources based on operating income. The results of each operating segment include an allocation of corporate costs. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. Intersegment sales and transfers are recorded at cost; therefore, no intercompany profit or loss is recognized.

Segment assets consist primarily of accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts, property, plant and equipment, goodwill and other intangible assets.

 

Results of Operations

(In thousands)

 

     Electrical
Infrastructure		      Oil Gas &
Chemical		      Storage
Solutions		      Industrial     Other      Total  

Three Months Ended March 31, 2012

                 

Gross revenues

    $ 37,621       $ 55,569       $ 88,326       $ 3,112      $ —         $ 184,628   

Less: Inter-segment revenues

      —           —           729         —          —           729   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

Consolidated revenues

      37,621         55,569         87,597         3,112        —           183,899   

Gross profit

      4,809         5,015         9,999         (52 )      —           19,771   

Operating income

      2,540         1,922         3,745         (792 )      —           7,415   

Segment assets

      53,961         63,222         131,673         13,744        53,176         315,776   

Three Months Ended March 31, 2011

                 

Gross revenues

    $ 28,825       $ 32,501       $ 68,616       $ 6,785      $ —         $ 136,727   

Less: Inter-segment revenues

      —           255         139         —          —           394   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

Consolidated revenues

      28,825         32,246         68,477         6,785        —           136,333   

Gross profit

      3,846         3,480         10,245         999        —           18,570   

Operating income

      1,661         846         4,654         479        —           7,640   

Segment assets

      50,950         40,935         118,793         14,046        68,083         292,807   

Nine Months Ended March 31, 2012

                 

Gross revenues

    $ 103,261       $ 151,318       $ 283,958       $ 17,763      $ —         $ 556,300   

Less: Inter-segment revenues

      —           208         1,908         —          —           2,116   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

Consolidated revenues

      103,261         151,110         282,050         17,763        —           554,184   

Gross profit

      12,585         14,298         33,075         1,004        —           60,962   

Operating income

      5,761         5,744         14,518         (798 )      —           25,225   

Segment assets

      53,961         63,222         131,673         13,744        53,176         315,776   

Nine Months Ended March 31, 2011

                 

Gross revenues

    $ 126,158       $ 96,186       $ 215,922       $ 26,065      $ —         $ 464,331   

Less: Inter-segment revenues

      7         376         525         —          —           908   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

Consolidated revenues

      126,151         95,810         215,397         26,065        —           463,423   

Gross profit

      15,004         9,109         27,202         2,725        —           54,040   

Operating income

      7,801         1,494         10,879         1,211        —           21,385   

Segment assets

      50,950         40,935         118,793         14,046        68,083         292,807