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Segment Information (Notes)
3 Months Ended
Sep. 30, 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 construction and maintenance services to a variety of power generation facilities, such as combined cycle plants, natural gas fired power stations, and renewable energy installations. We also provide 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.
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 petrochemical, 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 (“ASTs”), 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. We also offer AST products including floating roof seals. Finally, the Storage Solutions segment includes balance of plant work in storage terminals and tank farms.
The Industrial segment includes construction and maintenance 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 footnote included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014. Intersegment sales and transfers are recorded at cost; therefore, no intercompany profit or loss 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

 
September 30,
2014

September 30,
2013

Gross revenues




Electrical Infrastructure
$
55,673


$
32,877


Oil Gas & Chemical
54,199


62,792


Storage Solutions
133,350


108,546


Industrial
79,360


22,691


Total gross revenues
$
322,582


$
226,906


Less: Inter-segment revenues




Electrical Infrastructure
$

 
$

 
Oil Gas & Chemical
840

 
297

 
Storage Solutions
59

 
392

 
Industrial

 

 
Total inter-segment revenues
$
899


$
689


Consolidated revenues




Electrical Infrastructure
$
55,673


$
32,877


Oil Gas & Chemical
53,359


62,495


Storage Solutions
133,291


108,154


Industrial
79,360


22,691


Total consolidated revenues
$
321,683


$
226,217


Gross profit (loss)




Electrical Infrastructure
$
(489
)

$
3,330


Oil Gas & Chemical
4,386


7,531


Storage Solutions
14,518


12,837


Industrial
9,964


1,778


Total gross profit
$
28,379


$
25,476


Operating income (loss)




Electrical Infrastructure
$
(3,656
)
 
$
1,300

 
Oil Gas & Chemical
578

 
3,263

 
Storage Solutions
7,103

 
5,832

 
Industrial
4,522

 
367

 
Total operating income
$
8,547


$
10,762




Total assets by segment were as follows:

September 30,
2014

June 30,
2014
 
Electrical Infrastructure
$
116,255

 
$
120,264

 
Oil Gas & Chemical
81,071

 
72,406

 
Storage Solutions
179,996

 
200,493

 
Industrial
100,734

 
105,049

 
Unallocated assets
70,258

 
70,720

 
Total segment assets
$
548,314


$
568,932