XML 43 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Operating Segment and Related Information
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Operating Segment and Related Information
21. Operating Segment and Related Information

The Company currently has two primary reportable geographic segments - United States and United Kingdom; and Other. The Company has seven reportable operating segments based on management’s organization of the enterprise - Construction, Marine Services, Insurance, Telecommunications, Energy, Life Sciences, Other, and a non-operating Corporate segment. Net revenue and long-lived assets by geographic segment is reported on the basis of where the entity is domiciled. All inter-segment revenues are eliminated. The Company has no single customer representing greater than 10% of its revenues.

Summary information with respect to the Company’s geographic and operating segments is as follows (in thousands):
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Net Revenue by Geographic Region
 
 
 
 
 
 
United States
 
$
1,115,337

 
$
712,498

 
$
442,472

United Kingdom
 
417,933

 
395,917

 
97,653

Other
 
24,856

 
12,391

 
7,313

Total
 
$
1,558,126

 
$
1,120,806

 
$
547,438


 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Net Revenue by Segment
 
 
 
 
 
 
Construction
 
$
502,658

 
$
513,770

 
$
348,318

Marine Services
 
161,864

 
134,926

 
35,328

Insurance
 
142,457

 
2,865

 
—

Telecommunications
 
735,043

 
460,355

 
161,953

Energy
 
6,430

 
6,765

 
1,839

Other
 
9,674

 
2,125

 
—

Total
 
$
1,558,126

 
$
1,120,806

 
$
547,438

 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Depreciation and Amortization
 
 
 
 
 
 
Construction
 
$
1,892

 
$
2,016

 
$
1,053

Marine Services
 
22,007

 
18,771

 
4,809

Insurance (1)
 
(3,771
)
 
2

 
—

Telecommunications
 
504

 
417

 
529

Energy
 
2,248

 
1,635

 
328

Life Sciences
 
124

 
21

 
—

Other
 
1,489

 
—

 
—

Non-operating Corporate
 
—

 
1,934

 
—

Total
 
$
24,493

 
$
24,796

 
$
6,719

(1) Balance represents amortization of negative VOBA, which increases net income.
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Income (Loss) from Operations
 
 
 
 
 
 
Construction
 
$
49,639

 
$
42,114

 
$
26,358

Marine Services
 
(323
)
 
10,898

 
(3,779
)
Insurance
 
(812
)
 
(176
)
 
—

Telecommunications
 
4,150

 
238

 
(1,840
)
Energy
 
(330
)
 
(888
)
 
(491
)
Life Sciences
 
(10,389
)
 
(6,404
)
 
(4,762
)
Other
 
(5,756
)
 
(6,198
)
 
(221
)
Non-operating Corporate
 
(37,600
)
 
(38,871
)
 
(29,256
)
Total
 
$
(1,421
)
 
$
713

 
$
(13,991
)
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Capital Expenditures (1)
 
 
 
 
 
 
Construction
 
$
8,243

 
$
4,969

 
$
5,039

Marine Services
 
12,231

 
10,651

 
(863
)
Telecommunications
 
831

 
449

 
42

Energy
 
7,211

 
4,750

 
803

Life Sciences
 
195

 
271

 
—

Insurance
 
128

 
—

 
—

Other
 
45

 
234

 
798

Non-operating Corporate
 
164

 
—

 
—

Total
 
$
29,048

 
$
21,324

 
$
5,819

(1) The above capital expenditures exclude assets acquired under terms of capital lease and vendor financing obligations.
 
 
December 31,
 
 
2016
 
2015
Investments
 
 
 
 
Marine Services
 
$
40,698

 
$
27,324

Insurance
 
1,407,996

 
1,314,448

Life Sciences
 
13,067

 
4,888

Other
 
6,778

 
22,395

Eliminations
 
(40,621
)
 
(14,685
)
Total
 
$
1,427,918

 
$
1,354,370

 
 
December 31,
 
 
2016
 
2015
Property, Plant and Equipment—Net
 
 
 
 
United States
 
$
136,905

 
$
82,540

United Kingdom
 
141,946

 
126,921

Other
 
7,606

 
5,005

Total
 
$
286,458

 
$
214,466

 
 
December 31,
 
 
2016
 
2015
Total Assets
 
 
 
 
Construction
 
$
295,246

 
$
268,242

Marine Services
 
275,660

 
249,003

Insurance
 
2,027,059

 
1,965,059

Telecommunications
 
125,965

 
114,633

Energy
 
84,602

 
31,462

Life Sciences
 
28,868

 
16,494

Other
 
10,914

 
34,339

Non-operating Corporate
 
27,583

 
77,965

Eliminations
 
$
(40,621
)
 
$
(14,685
)
Total
 
$
2,835,276

 
$
2,742,512