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Segment Information
12 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment InformationIn fiscal 2023, we operated our business through three reportable segments:
Storage and Terminal Solutions: primarily consists of engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum. Also includes work related to traditional aboveground crude oil and refined product storage tanks and terminals. This segment also includes terminal balance of plant work, truck and rail loading/offloading facilities, and marine structures as well as storage tank and terminal maintenance and repair. Finally, we manufacture and sell precision engineered specialty tank products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems and floating roof seals.
Utility and Power Infrastructure: primarily consists of engineering, procurement, fabrication, and construction services to support growing demand for LNG utility peak shaving facilities. We also perform traditional electrical work for public and private utilities, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, and upgrades and maintenance including live wire work. Work may also include emergency and storm restoration services. We also provide construction services to a variety of power generation facilities, including natural gas fired facilities in simple or combined cycle configurations.
Process and Industrial Facilities: primarily consists of plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients including refining and processing of crude oil, fractionating, and marketing of natural gas and natural gas liquids. Also includes engineering, procurement, fabrication, and construction for refinery upgrades and retrofits for renewable fuels. We also construct thermal vacuum test chambers for aerospace and defense industries and other infrastructure for industries including petrochemical, sulfur, mining and minerals primarily in the extraction of non-ferrous metals, cement, agriculture, wastewater treatment facilities and other industrial customers.
We evaluate performance and allocate resources based on operating income. We eliminate intersegment sales; therefore, no intercompany profit or loss is recognized. Corporate selling, general and administrative expenses, including corporate salaries and facilities costs, are excluded from our three reportable segments in order to better align controllable costs with the responsibility of segment management, and to be consistent with how our chief operating decision-maker assesses segment performance and allocates resources.
Segment assets consist primarily of accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts, property, plant and equipment, right-of-use lease assets, goodwill and other intangible assets.
Results of Operations
(In thousands)

Storage and Terminal
Solutions
Utility and Power InfrastructureProcess and Industrial FacilitiesCorporateTotal
Fiscal year ended June 30, 2023
Gross revenue$261,244 $169,558 $370,076 $— $800,878 
Less: inter-segment revenue5,551 54 253 — 5,858 
Consolidated revenue255,693 169,504 369,823 — 795,020 
Gross profit (loss)10,470 10,699 10,756 (1,105)30,820 
Selling, general and administrative expenses20,054 7,045 14,909 26,241 68,249 
Goodwill impairment and restructuring costs969 37 13,288 1,164 15,458 
Operating income (loss)(10,553)3,617 (17,441)(28,510)(52,887)
Segment assets139,333 67,630 90,514 103,027 400,504 
Capital expenditures1,406 4,501 2,775 327 9,009 
Depreciation and amortization3,281 3,465 4,783 2,165 13,694 
Fiscal year ended June 30, 2022
Gross revenue$236,260 $220,093 $258,497 $— $714,850 
Less: inter-segment revenue3,421 — 3,649 — 7,070 
Consolidated revenue232,839 220,093 254,848 — 707,780 
Gross profit (loss)262 (8,586)9,270 (2,152)(1,206)
Selling, general and administrative expenses17,284 11,771 12,506 26,129 67,690 
Goodwill impairment and restructuring costs7,330 2,746 6,867 2,015 18,958 
Operating loss(24,352)(23,103)(10,103)(30,296)(87,854)
Segment assets141,084 94,059 104,078 101,572 440,793 
Capital expenditures338 29 254 2,724 3,345 
Depreciation and amortization5,540 3,812 5,659 243 15,254 
Fiscal year ended June 30, 2021
Gross revenue$267,982 $210,052 $201,472 $— $679,506 
Less: inter-segment revenue4,553 — 1,555 — 6,108 
Consolidated revenue263,429 210,052 199,917 — 673,398 
Gross profit 13,617 1,506 17,642 — 32,765 
Selling, general and administrative expenses18,644 9,882 14,756 26,474 69,756 
Restructuring costs1,391 1,312 3,807 246 6,756 
Operating loss(6,418)(9,688)(921)(26,720)(43,747)
Segment assets160,782 81,717 106,619 118,438 467,556 
Capital expenditures1,136 1,183 834 1,201 4,354 
Depreciation and amortization7,456 4,127 6,018 257 17,858 
Information about Significant Customers:
Significant Customers as a Percentage of Segment Revenue
ConsolidatedStorage and Terminal
Solutions
Utility and Power
Infrastructure
Process and Industrial Facilities
Fiscal Year ended June 30, 2023
Customer one10.7 %— %— %22.9 %
Customer two6.4 %— %— %13.8 %
Customer three5.8 %— %— %12.4 %
Customer four4.0 %12.3 %— %— %
Customer five3.8 %— %17.7 %— %
Customer six3.6 %— %16.7 %— %
Customer seven2.9 %— %13.5 %— %
Fiscal Year ended June 30, 2022
Customer one12.3 %0.8 %— %33.5 %
Customer two11.0 %— %35.5 %— %
Customer three4.7 %— %15.1 %— %
Fiscal Year ended June 30, 2021
Customer one12.9 %— %41.3 %— %
Customer two9.9 %0.1 %— %33.3 %
Customer three7.0 %0.1 %22.5 %— %
Customer four4.4 %11.2 %— %— %