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Segment Information (Notes)
9 Months Ended
Mar. 31, 2016
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. The Storage Solutions segment also includes balance of plant work in storage terminals and tank farms. 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, we offer AST products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals.
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, thermal vacuum chambers, 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, 2015. Intersegment sales and transfers are recorded at cost; therefore, no intersegment profit or loss is recognized.
Segment assets consist primarily of cash and cash equivalents, 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,
2016

March 31,
2015

March 31,
2016

March 31,
2015
Gross revenues







Electrical Infrastructure
$
94,414


$
48,228


$
251,437


$
162,434

Oil Gas & Chemical
56,251


97,612


188,682


228,230

Storage Solutions
132,857


107,640


400,074


370,977

Industrial
26,650


64,841


116,375


224,173

Total gross revenues
$
310,172


$
318,321


$
956,568


$
985,814

Less: Inter-segment revenues







Electrical Infrastructure
$

 
$

 
$

 
$

Oil Gas & Chemical
522

 
1,854

 
3,102

 
3,656

Storage Solutions
228

 
477

 
1,040

 
718

Industrial

 
1,835

 
144

 
2,722

Total inter-segment revenues
$
750


$
4,166


$
4,286


$
7,096

Consolidated revenues







Electrical Infrastructure
$
94,414


$
48,228


$
251,437


$
162,434

Oil Gas & Chemical
55,729


95,758


185,580


224,574

Storage Solutions
132,629


107,163


399,034


370,259

Industrial
26,650


63,006


116,231


221,451

Total consolidated revenues
$
309,422


$
314,155


$
952,282


$
978,718

Gross profit (loss)







Electrical Infrastructure
$
10,407


$
(22,429
)

$
19,136


$
(38,976
)
Oil Gas & Chemical
2,616


7,261


14,270


18,999

Storage Solutions
15,108


11,247


49,766


39,996

Industrial
(828
)

6,553


8,720


26,947

Total gross profit
$
27,303


$
2,632


$
91,892


$
46,966

Operating income (loss)







Electrical Infrastructure
$
4,948

 
$
(24,306
)
 
$
5,425

 
$
(46,484
)
Oil Gas & Chemical
(1,964
)
 
2,563

 
(3,577
)
 
5,823

Storage Solutions
6,382

 
5,055

 
24,305

 
18,785

Industrial
(3,019
)
 
2,240

 
230

 
12,304

Total operating income (loss)
$
6,347


$
(14,448
)

$
26,383


$
(9,572
)

Total assets by segment were as follows:

 
March 31,
2016

June 30,
2015
Electrical Infrastructure
 
$
135,305

 
$
129,725

Oil Gas & Chemical
 
99,007

 
108,960

Storage Solutions
 
193,218

 
172,857

Industrial
 
56,183

 
102,761

Unallocated assets
 
65,929

 
47,386

Total segment assets
 
$
549,642


$
561,689