XML 30 R17.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Segment Information (Notes) | 6 Months Ended
--- | ---
Dec. 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 turnaround activities, plant maintenance, engineering and construction in the downstream and midstream petroleum industries. Our customers in these industries are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids. Another key offering is industrial cleaning services, which include hydroblasting, hydroexcavating, chemical cleaning and vacuum services. We also perform work in the petrochemical 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 primarily includes construction and maintenance work in the iron and steel, mining and minerals, and agricultural industries. Our work in the mining and minerals industry is primarily for customers engaged in the extraction of copper. Our work in the agricultural industry includes the engineering and design of grain silos, docks and handling systems; the design of control system automation and materials handling for the food industry; and engineering, construction, process design and balance of plant work for fertilizer production facilities. We also perform work in bulk material handling, thermal vacuum chambers, and 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, 2016. 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 |  | Six Months Ended
| December 31, 2016 |  | December 31, 2015 |  | December 31, 2016 |  | December 31, 2015
Gross revenues |  |  |  |  |  |  |
Electrical Infrastructure | $ | 103,158 |  |  | $ | 91,398 |  |  | $ | 191,183 |  |  | $ | 157,023 |
Oil Gas & Chemical | 56,913 |  |  | 63,472 |  |  | 94,741 |  |  | 132,431 |
Storage Solutions | 128,927 |  |  | 122,647 |  |  | 328,577 |  |  | 267,217 |
Industrial | 25,026 |  |  | 48,390 |  |  | 47,753 |  |  | 89,725 |
Total gross revenues | $ | 314,024 |  |  | $ | 325,907 |  |  | $ | 662,254 |  |  | $ | 646,396 |
Less: Inter-segment revenues |  |  |  |  |  |  |
Oil Gas & Chemical | 1,199 |  |  | 1,932 |  |  | $ | 6,485 |  |  | $ | 2,580 |
Storage Solutions | 170 |  |  | 478 |  |  | 298 |  |  | 812 |
Industrial | — |  |  | (32 | ) |  | 1,035 |  |  | 144 |
Total inter-segment revenues | $ | 1,369 |  |  | $ | 2,378 |  |  | $ | 7,818 |  |  | $ | 3,536 |
Consolidated revenues |  |  |  |  |  |  |
Electrical Infrastructure | $ | 103,158 |  |  | $ | 91,398 |  |  | $ | 191,183 |  |  | $ | 157,023 |
Oil Gas & Chemical | 55,714 |  |  | 61,540 |  |  | 88,256 |  |  | 129,851 |
Storage Solutions | 128,757 |  |  | 122,169 |  |  | 328,279 |  |  | 266,405 |
Industrial | 25,026 |  |  | 48,422 |  |  | 46,718 |  |  | 89,581 |
Total consolidated revenues | $ | 312,655 |  |  | $ | 323,529 |  |  | $ | 654,436 |  |  | $ | 642,860 |
Gross profit |  |  |  |  |  |  |
Electrical Infrastructure | $ | 7,225 |  |  | $ | 4,021 |  |  | $ | 12,475 |  |  | $ | 8,729 |
Oil Gas & Chemical | 2,431 |  |  | 5,971 |  |  | 2,432 |  |  | 11,654 |
Storage Solutions | 17,071 |  |  | 14,426 |  |  | 43,524 |  |  | 34,658 |
Industrial | 1,485 |  |  | 5,587 |  |  | 2,059 |  |  | 9,548 |
Total gross profit | $ | 28,212 |  |  | $ | 30,005 |  |  | $ | 60,490 |  |  | $ | 64,589 |
Operating income (loss) |  |  |  |  |  |  |
Electrical Infrastructure | $ | 2,164 |  |  | $ | (723 | ) |  | $ | 3,221 |  |  | $ | 477 |
Oil Gas & Chemical | (1,950 | ) |  | (3,029 | ) |  | (4,855 | ) |  | (1,613 | )
Storage Solutions | 8,242 |  |  | 6,374 |  |  | 25,015 |  |  | 17,923 |
Industrial | (219 | ) |  | 2,313 |  |  | (843 | ) |  | 3,249 |
Total operating income | $ | 8,237 |  |  | $ | 4,935 |  |  | $ | 22,538 |  |  | $ | 20,036 |
Total assets by segment were as follows:
|  | December 31, 2016 |  | June 30, 2016
Electrical Infrastructure |  | $ | 159,388 |  |  | $ | 135,298 |
Oil Gas & Chemical |  | 148,095 |  |  | 91,350 |
Storage Solutions |  | 194,397 |  |  | 201,875 |
Industrial |  | 78,348 |  |  | 67,569 |
Unallocated assets |  | 55,562 |  |  | 68,875 |
Total segment assets |  | $ | 635,790 |  |  | $ | 564,967 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration