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Segment Information (Notes) | 6 Months Ended
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Dec. 31, 2018
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 consists of high voltage services provided to investor owned utilities, including construction of new substations, upgrades of existing substations, short-run transmission line installations, distribution upgrades and maintenance, as well as emergency and storm restoration services. We also provide construction and maintenance services to a variety of power generation facilities, such as combined cycle plants and other natural gas fired power stations. The Oil Gas & Chemical segment serves customers primarily in the downstream and midstream petroleum industries who are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids. We also perform work in the petrochemical, upstream petroleum, and sulfur extraction, recovery and processing markets. Our services include turnarounds, plant maintenance, engineering and capital construction. We also offer industrial cleaning services including hydro-blasting, hydro-excavating, advanced chemical cleaning and vacuum services. The Storage Solutions segment consists of work related to aboveground storage tanks ("AST") and terminals. Also included in this segment are cryogenic and other specialty storage tanks and terminals including liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, other specialty vessels such as spheres as well as marine structures and truck and rail loading/offloading facilities. Our services include engineering, fabrication and construction, and maintenance and repair, which includes planned and emergency services for both tanks and full terminals. 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 consists of work for integrated iron and steel companies, major mining and minerals companies engaged primarily in the extraction of copper, as well as other companies in aerospace and defense, cement, agriculture and grain, food and other industries. Our services include engineering, fabrication and construction, and maintenance and repair, which includes planned and emergency services. We also design instrumentation and control systems and offer specialized expertise in the design and construction of bulk material handling systems. 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, 2018. 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, CIE/BIE, property, plant and equipment, goodwill and other intangible assets. Results of Operations (In thousands)
| Three Months Ended |  | Six Months Ended
| December 31, 2018 |  | December 31, 2017 |  | December 31, 2018 |  | December 31, 2017
Gross revenues |  |  |  |  |  |  |
Electrical Infrastructure | $ | 58,173 |  |  | $ | 64,852 |  |  | $ | 102,874 |  |  | $ | 144,823 |
Oil Gas & Chemical | 87,521 |  |  | 88,396 |  |  | 163,083 |  |  | 174,257 |
Storage Solutions | 126,198 |  |  | 71,233 |  |  | 239,965 |  |  | 142,805 |
Industrial | 70,385 |  |  | 59,260 |  |  | 155,942 |  |  | 92,531 |
Total gross revenues | $ | 342,277 |  |  | $ | 283,741 |  |  | $ | 661,864 |  |  | $ | 554,416 |
Less: Inter-segment revenues |  |  |  |  |  |  |
Oil Gas & Chemical | $ | 1,234 |  |  | $ | 37 |  |  | $ | 1,305 |  |  | $ | 245 |
Storage Solutions | 475 |  |  | 792 |  |  | 1,480 |  |  | 1,349 |
Industrial | — |  |  | 1 |  |  | — |  |  | 1 |
Total inter-segment revenues | $ | 1,709 |  |  | $ | 830 |  |  | $ | 2,785 |  |  | $ | 1,595 |
Consolidated revenues |  |  |  |  |  |  |
Electrical Infrastructure | $ | 58,173 |  |  | $ | 64,852 |  |  | $ | 102,874 |  |  | $ | 144,823 |
Oil Gas & Chemical | 86,287 |  |  | 88,359 |  |  | 161,778 |  |  | 174,012 |
Storage Solutions | 125,723 |  |  | 70,441 |  |  | 238,485 |  |  | 141,456 |
Industrial | 70,385 |  |  | 59,259 |  |  | 155,942 |  |  | 92,530 |
Total consolidated revenues | $ | 340,568 |  |  | $ | 282,911 |  |  | $ | 659,079 |  |  | $ | 552,821 |
Gross profit |  |  |  |  |  |  |
Electrical Infrastructure | $ | 3,562 |  |  | $ | 5,541 |  |  | $ | 6,945 |  |  | $ | 13,808 |
Oil Gas & Chemical | 9,157 |  |  | 11,768 |  |  | 14,782 |  |  | 22,806 |
Storage Solutions | 11,147 |  |  | 5,298 |  |  | 20,700 |  |  | 12,838 |
Industrial | 4,020 |  |  | 4,096 |  |  | 8,880 |  |  | 6,142 |
Total gross profit | $ | 27,886 |  |  | $ | 26,703 |  |  | $ | 51,307 |  |  | $ | 55,594 |
Operating income (loss) |  |  |  |  |  |  |
Electrical Infrastructure | $ | 438 |  |  | $ | 1,079 |  |  | $ | 1,095 |  |  | $ | 4,656 |
Oil Gas & Chemical | 3,585 |  |  | 5,198 |  |  | 4,099 |  |  | 9,332 |
Storage Solutions | 1,356 |  |  | (2,609 | ) |  | 1,641 |  |  | (2,684 | )
Industrial | 148 |  |  | 1,506 |  |  | 912 |  |  | 1,191 |
Total operating income | $ | 5,527 |  |  | $ | 5,174 |  |  | $ | 7,747 |  |  | $ | 12,495 |
Total assets by segment were as follows:
|  | December 31, 2018 |  | June 30, 2018
Electrical Infrastructure |  | $ | 147,246 |  |  | $ | 161,207 |
Oil Gas & Chemical |  | 96,801 |  |  | 111,064 |
Storage Solutions |  | 176,634 |  |  | 149,695 |
Industrial |  | 61,250 |  |  | 58,816 |
Unallocated assets |  | 87,621 |  |  | 77,251 |
Total segment assets |  | $ | 569,552 |  |  | $ | 558,033 |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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