Segment Information | 9 Months Ended |
Sep. 30, 2014 |
Segment Reporting [Abstract] | ' |
Segment Information | ' |
Segment Information |
We have the following reportable segments which provide services associated with the design, integration, installation, start-up, operation and maintenance of various systems: (a) United States electrical construction and facilities services (involving systems for electrical power transmission and distribution; premises electrical and lighting systems; low-voltage systems, such as fire alarm, security and process control; voice and data communication; roadway and transit lighting; and fiber optic lines); (b) United States mechanical construction and facilities services (involving systems for heating, ventilation, air conditioning, refrigeration and clean-room process ventilation; fire protection; plumbing, process and high-purity piping; controls and filtration; water and wastewater treatment and central plant heating and cooling; cranes and rigging; millwrighting; and steel fabrication, erection and welding); (c) United States building services; (d) United States industrial services; and (e) United Kingdom building services. The “United States building services” and "United Kingdom building services" segments principally consists of those operations which provide a portfolio of services needed to support the operation and maintenance of customers’ facilities, including commercial and government site-based operations and maintenance; facility maintenance and services; outage services to utilities and industrial plants; military base operations support services; mobile maintenance and services; floor care and janitorial services; landscaping, lot sweeping and snow removal; facilities management; vendor management; call center services; installation and support for building systems; program development, management and maintenance for energy systems; technical consulting and diagnostic services; infrastructure and building projects for federal, state and local governmental agencies and bodies; small modification and retrofit projects; and retrofit projects to comply with clean air laws, which services are not generally related to customers' construction programs. The segment "United States industrial services" principally consists of those operations which provide industrial maintenance and services, mainly for refineries and petrochemical plants, including on-site repairs, maintenance and service of heat exchangers, towers, vessels and piping; design, manufacturing, repair and hydro blast cleaning of shell and tube heat exchangers and related equipment; refinery turnaround planning and engineering services; specialty welding services; overhaul and maintenance of critical process units in refineries and petrochemical plants; and specialty technical services for refineries and petrochemical plants. |
The following tables present information about industry segments and geographic areas for the three and nine months ended September 30, 2014 and 2013 (in thousands): |
|
|
| | | | | | | |
| For the three months ended September 30, |
| 2014 | | 2013 |
Revenues from unrelated entities: | | | |
United States electrical construction and facilities services | $ | 314,666 | | | $ | 340,529 | |
|
United States mechanical construction and facilities services | 565,227 | | | 616,403 | |
|
United States building services | 427,564 | | | 457,777 | |
|
United States industrial services | 172,452 | | | 110,879 | |
|
Total United States operations | 1,479,909 | | | 1,525,588 | |
|
United Kingdom building services | 86,802 | | | 79,727 | |
|
Total worldwide operations | $ | 1,566,711 | | | $ | 1,605,315 | |
|
| | | |
Total revenues: | | | |
United States electrical construction and facilities services | $ | 316,409 | | | $ | 347,488 | |
|
United States mechanical construction and facilities services | 569,794 | | | 629,481 | |
|
United States building services | 438,864 | | | 471,576 | |
|
United States industrial services | 172,608 | | | 111,212 | |
|
Less intersegment revenues | (17,766 | ) | | (34,169 | ) |
Total United States operations | 1,479,909 | | | 1,525,588 | |
|
United Kingdom building services | 86,802 | | | 79,727 | |
|
Total worldwide operations | $ | 1,566,711 | | | $ | 1,605,315 | |
|
|
| | | | | | | |
| For the nine months ended September 30, |
| 2014 | | 2013 |
Revenues from unrelated entities: | | | |
United States electrical construction and facilities services | $ | 958,295 | | | $ | 984,443 | |
|
United States mechanical construction and facilities services | 1,616,794 | | | 1,741,483 | |
|
United States building services | 1,293,750 | | | 1,361,392 | |
|
United States industrial services | 581,642 | | | 335,358 | |
|
Total United States operations | 4,450,481 | | | 4,422,676 | |
|
United Kingdom building services | 259,688 | | | 261,572 | |
|
Total worldwide operations | $ | 4,710,169 | | | $ | 4,684,248 | |
|
| | | |
Total revenues: | | | |
United States electrical construction and facilities services | $ | 971,361 | | | $ | 1,000,598 | |
|
United States mechanical construction and facilities services | 1,632,511 | | | 1,780,112 | |
|
United States building services | 1,324,816 | | | 1,395,607 | |
|
United States industrial services | 582,426 | | | 337,282 | |
|
Less intersegment revenues | (60,633 | ) | | (90,923 | ) |
Total United States operations | 4,450,481 | | | 4,422,676 | |
|
United Kingdom building services | 259,688 | | | 261,572 | |
|
Total worldwide operations | $ | 4,710,169 | | | $ | 4,684,248 | |
|
|
|
| | | | | | | |
| For the three months ended September 30, |
| 2014 | | 2013 |
Operating income (loss): | | | |
United States electrical construction and facilities services | $ | 20,666 | | | $ | 23,971 | |
|
United States mechanical construction and facilities services | 30,206 | | | 27,421 | |
|
United States building services | 19,388 | | | 23,285 | |
|
United States industrial services | 7,385 | | | 308 | |
|
Total United States operations | 77,645 | | | 74,985 | |
|
United Kingdom building services | 3,082 | | | 3,192 | |
|
Corporate administration | (18,481 | ) | | (19,532 | ) |
Restructuring expenses | (398 | ) | | (601 | ) |
Gain on sale of building | 11,749 | | | — | |
|
Total worldwide operations | 73,597 | | | 58,044 | |
|
Other corporate items: | | | |
Interest expense | (2,397 | ) | | (2,351 | ) |
Interest income | 186 | | | 234 | |
|
Income from continuing operations before income taxes | $ | 71,386 | | | $ | 55,927 | |
|
|
| | | | | | | |
| For the nine months ended September 30, |
| 2014 | | 2013 |
Operating income (loss): | | | |
United States electrical construction and facilities services | $ | 67,162 | | | $ | 68,147 | |
|
United States mechanical construction and facilities services | 78,052 | | | 56,809 | |
|
United States building services | 53,606 | | | 52,928 | |
|
United States industrial services | 43,155 | | | 26,320 | |
|
Total United States operations | 241,975 | | | 204,204 | |
|
United Kingdom building services | 12,647 | | | 11,845 | |
|
Corporate administration | (50,192 | ) | | (50,953 | ) |
Restructuring expenses | (799 | ) | | (652 | ) |
Gain on sale of building | 11,749 | | | — | |
|
Total worldwide operations | 215,380 | | | 164,444 | |
|
Other corporate items: | | | |
Interest expense | (6,887 | ) | | (5,978 | ) |
Interest income | 641 | | | 862 | |
|
Income from continuing operations before income taxes | $ | 209,134 | | | $ | 159,328 | |
|
|
|
| | | | | | | |
| September 30, | | December 31, |
2014 | 2013 |
Total assets: | | | |
United States electrical construction and facilities services | $ | 333,416 | | | $ | 329,742 | |
|
United States mechanical construction and facilities services | 805,382 | | | 795,256 | |
|
United States building services | 749,382 | | | 756,785 | |
|
United States industrial services | 958,856 | | | 940,916 | |
|
Total United States operations | 2,847,036 | | | 2,822,699 | |
|
United Kingdom building services | 135,728 | | | 160,828 | |
|
Corporate administration | 451,903 | | | 482,388 | |
|
Total worldwide operations | $ | 3,434,667 | | | $ | 3,465,915 | |
|
Our United Kingdom building services segment recognized income of $4.8 million during the second quarter of 2014, which has been recorded as a reduction of "Cost of sales" in the Condensed Consolidated Statements of Operations for the nine months ended September 30, 2014, as a result of a reduction in the estimate of certain accrued contract costs that were no longer expected to be incurred within its building services operations. Our corporate administration operating loss for the nine months ended September 30, 2013 was reduced by the receipt of an insurance recovery of approximately $2.6 million that was received in January 2013 associated with a previously disposed of operation, which is classified as a component of "Cost of sales" in the Condensed Consolidated Statements of Operations. |