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Segment Information (Notes)
9 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
We operate our business through four reportable segments: Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions, and Industrial.
The Electrical Infrastructure segment primarily encompasses high voltage services to investor owned utilities, including construction of new substations, upgrades of existing substations, short-run transmission line installations, distribution upgrades and maintenance, and storm restoration services. We also provide construction and maintenance services to a variety of power generation facilities, such as combined cycle plants, gas fired power stations, and renewable energy installations.
The Oil Gas & Chemical segment includes our traditional turnaround activities, plant maintenance services and construction in the downstream petroleum industry. Another key offering is industrial cleaning services, which include hydroblasting, hydroexcavating, chemical cleaning and vacuum services. We also perform work in the industrial and natural gas, gas processing and compression, and upstream petroleum markets.
The Storage Solutions segment includes new construction of crude and refined products aboveground storage tanks, as well as planned and emergency maintenance services. 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 iron and steel and mining and minerals industries, bulk material handling and fertilizer production facilities, as well as work for clients in other industrial markets.
The Company evaluates performance and allocates resources based on operating income. 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)
 
Three Months Ended

Nine Months Ended
 
March 31,
2014

March 31,
2013

March 31,
2014

March 31,
2013
Gross revenues







Electrical Infrastructure
$
62,144


$
41,709


$
132,201


$
125,102

Oil Gas & Chemical
63,112


73,638


188,025


207,370

Storage Solutions
182,129


95,200


471,330


298,801

Industrial
74,577


15,841


128,398


27,849

Total gross revenues
$
381,962


$
226,388


$
919,954


$
659,122

Less: Inter-segment revenues







Electrical Infrastructure
$

 
$

 
$

 
$

Oil Gas & Chemical
118

 
44

 
425

 
44

Storage Solutions
328

 
374

 
798

 
2,064

Industrial

 

 

 

Total inter-segment revenues
$
446


$
418


$
1,223


$
2,108

Consolidated revenues







Electrical Infrastructure
$
62,144


$
41,709


$
132,201


$
125,102

Oil Gas & Chemical
62,994


73,594


187,600


207,326

Storage Solutions
181,801


94,826


470,532


296,737

Industrial
74,577


15,841


128,398


27,849

Total consolidated revenues
$
381,516


$
225,970


$
918,731


$
657,014

Gross profit







Electrical Infrastructure
$
5,971


$
4,994


$
13,155


$
16,329

Oil Gas & Chemical
7,397


8,016


21,614


23,928

Storage Solutions
19,269


8,828


51,894


26,545

Industrial
7,307


1,288


12,907


901

Total gross profit
$
39,944


$
23,126


$
99,570


$
67,703

Operating income (loss)







Electrical Infrastructure
$
2,498

 
$
2,424

 
$
4,658

 
$
8,439

Oil Gas & Chemical
3,252

 
3,285

 
8,922

 
10,987

Storage Solutions
10,084

 
2,447

 
26,676

 
7,446

Industrial
2,985

 
275

 
4,142

 
(1,745
)
Total operating income
$
18,819


$
8,431


$
44,398


$
25,127

Segment assets (A)







Electrical Infrastructure
$
98,502

 
$
58,640

 
$
98,502

 
$
58,640

Oil Gas & Chemical
83,505

 
84,499

 
83,505

 
84,499

Storage Solutions
220,155

 
155,739

 
220,155

 
155,739

Industrial
122,013

 
23,683

 
122,013

 
23,683

Unallocated assets
73,640

 
56,614

 
73,640

 
56,614

Total segment assets
$
597,815


$
379,175


$
597,815


$
379,175


(A)
March 31, 2014 balances include the assets of Matrix NAC and are allocated to the Electrical Infrastructure, Oil Gas & Chemical, and Industrial segments in the amounts of $34.8 million, $2.8 million and $78.9 million, respectively. Unallocated assets includes $35.9 million of Goodwill related to the acquisition. As previously noted, we are currently assessing the impact of the acquisition on our reporting units and expect to complete the Goodwill analysis in the fourth quarter of fiscal 2014.