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Segment Information (Notes)
9 Months Ended
Mar. 31, 2015
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 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,
2015

March 31,
2014

March 31,
2015

March 31,
2014
Gross revenues







Electrical Infrastructure
$
48,228


$
62,144


$
162,434


$
132,201

Oil Gas & Chemical
97,612


63,112


228,230


188,025

Storage Solutions
107,640


182,129


370,977


471,330

Industrial
64,841


74,577


224,173


128,398

Total gross revenues
$
318,321


$
381,962


$
985,814


$
919,954

Less: Inter-segment revenues







Electrical Infrastructure
$

 
$

 
$

 
$

Oil Gas & Chemical
1,854

 
118

 
3,656

 
425

Storage Solutions
477

 
328

 
718

 
798

Industrial
1,835

 

 
2,722

 

Total inter-segment revenues
$
4,166


$
446


$
7,096


$
1,223

Consolidated revenues







Electrical Infrastructure
$
48,228


$
62,144


$
162,434


$
132,201

Oil Gas & Chemical
95,758


62,994


224,574


187,600

Storage Solutions
107,163


181,801


370,259


470,532

Industrial
63,006


74,577


221,451


128,398

Total consolidated revenues
$
314,155


$
381,516


$
978,718


$
918,731

Gross profit (loss)







Electrical Infrastructure
$
(22,429
)

$
5,971


$
(38,976
)

$
13,155

Oil Gas & Chemical
7,261


7,397


18,999


21,614

Storage Solutions
11,247


19,269


39,996


51,894

Industrial
6,553


7,307


26,947


12,907

Total gross profit
$
2,632


$
39,944


$
46,966


$
99,570

Operating income (loss)







Electrical Infrastructure
$
(24,306
)
 
$
2,498

 
$
(46,484
)
 
$
4,658

Oil Gas & Chemical
2,563

 
3,252

 
5,823

 
8,922

Storage Solutions
5,055

 
10,084

 
18,785

 
26,676

Industrial
2,240

 
2,985

 
12,304

 
4,142

Total operating income
$
(14,448
)

$
18,819


$
(9,572
)

$
44,398



Total assets by segment were as follows:

March 31,
2015

June 30,
2014
 
Electrical Infrastructure
$
112,685

 
$
120,264

 
Oil Gas & Chemical
106,346

 
72,406

 
Storage Solutions
156,367

 
200,493

 
Industrial
109,056

 
105,049

 
Unallocated assets
94,552

 
70,720

 
Total segment assets
$
579,006


$
568,932