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 our traditional turnaround activities, plant maintenance services and construction in the downstream petroleum industry. Another key offering is industrial cleaning services, which include hydroblasting, hydroexcavating, chemical cleaning and vacuum services. We also perform work in the petrochemical, natural gas, gas processing and compression, 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 floating roof seals. The Industrial segment includes construction and maintenance work in the iron and steel and mining and minerals industries, bulk material handling and fertilizer production facilities, as well as work for clients in 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, 2015 . Intersegment sales and transfers are recorded at cost; therefore, no intercompany profit or loss is recognized. Segment assets consist primarily of 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 September 30, September 30, Gross revenues Electrical Infrastructure $ 65,625 $ 55,673 Oil Gas & Chemical 68,959 54,199 Storage Solutions 144,570 133,350 Industrial 41,335 79,360 Total gross revenues $ 320,489 $ 322,582 Less: Inter-segment revenues Electrical Infrastructure $ — $ — Oil Gas & Chemical 648 840 Storage Solutions 334 59 Industrial 176 — Total inter-segment revenues $ 1,158 $ 899 Consolidated revenues Electrical Infrastructure $ 65,625 $ 55,673 Oil Gas & Chemical 68,311 53,359 Storage Solutions 144,236 133,291 Industrial 41,159 79,360 Total consolidated revenues $ 319,331 $ 321,683 Gross profit (loss) Electrical Infrastructure $ 4,708 $ (489 ) Oil Gas & Chemical 5,683 4,386 Storage Solutions 20,232 14,518 Industrial 3,961 9,964 Total gross profit $ 34,584 $ 28,379 Operating income (loss) Electrical Infrastructure $ 1,200 $ (3,656 ) Oil Gas & Chemical 1,416 578 Storage Solutions 11,549 7,103 Industrial 936 4,522 Total operating income $ 15,101 $ 8,547 Total assets by segment were as follows: September 30, June 30, Electrical Infrastructure $ 136,564 $ 129,725 Oil Gas & Chemical 101,988 108,960 Storage Solutions 172,900 172,857 Industrial 59,360 102,761 Unallocated assets 65,759 54,028 Total segment assets $ 536,571 $ 568,331 |