Matrix Service (MTRX) 10-Q 6 Feb 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Dec. 31, 2019	Feb. 04, 2020
Cover page.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	5100 East Skelly Drive, Suite 500
Entity File Number	1-15461
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock, par value $0.01 per share
Document Transition Report	false
Document Quarterly Report	true
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	MTRX
Entity Registrant Name	MATRIX SERVICE CO
Entity Central Index Key	0000866273
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		26,677,219
Entity Address, City or Town	Tulsa
Entity Address, State or Province	OK
Entity Address, Postal Zip Code	74135
City Area Code	918
Local Phone Number	838-8822
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Tax Identification Number	73-1352174

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Revenue	$ 318,677	$ 340,568	$ 656,774	$ 659,079
Cost of revenue	288,676	312,682	594,308	607,772
Gross profit	30,001	27,886	62,466	51,307
Selling, general and administrative expenses	23,165	22,359	46,856	43,560
Goodwill and other intangible asset impairment	38,515	0	38,515	0
Operating income (loss)	(31,679)	5,527	(22,905)	7,747
Other income (expense):
Interest expense	(444)	(361)	(833)	(653)
Interest income	417	274	891	556
Other	396	(22)	399	524
Income (loss) before income tax expense	(31,310)	5,418	(22,448)	8,174
Provision (benefit) for federal, state and foreign income taxes	(3,302)	1,486	(591)	1,937
Net income (loss)	$ (28,008)	$ 3,932	$ (21,857)	$ 6,237
Basic earnings (loss) per common share (US$ per share)	$ (1.04)	$ 0.15	$ (0.81)	$ 0.23
Diluted earnings (loss) per common share (US$ per share)	$ (1.04)	$ 0.14	$ (0.81)	$ 0.23
Weighted average common shares outstanding:
Basic (shares)	26,925	27,043	26,930	26,982
Diluted (shares)	26,925	27,582	26,930	27,628

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (28,008)	$ 3,932	$ (21,857)	$ 6,237
Other comprehensive gain (loss), net of tax:
Foreign currency translation gain (loss) (net of tax expense (benefit) of $59 and $37 for the three and six months ended December 31, 2019, respectively, and ($238) and ($176) for the three and six months ended December 31, 2018, respectively)	523	(1,069)	129	(668)
Comprehensive income (loss)	$ (27,485)	$ 2,863	$ (21,728)	$ 5,569

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	$ 59	$ (238)	$ 37	$ (176)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 110,495	$ 89,715
Accounts receivable, less allowances (December 31, 2019—$1,722 and June 30, 2019—$923)	199,066	218,432
Costs and estimated earnings in excess of billings on uncompleted contracts	57,223	96,083
Inventories	7,185	8,017
Income taxes receivable	98	29
Other current assets	7,444	5,034
Total current assets	381,511	417,310
Property, plant and equipment at cost:
Land and buildings	41,560	41,179
Construction equipment	95,354	91,793
Transportation equipment	55,377	52,526
Office equipment and software	44,207	43,632
Construction in progress	8,627	7,619
Property, plant and equipment at cost, gross	245,125	236,749
Accumulated depreciation	(161,185)	(157,414)
Property, plant and equipment at cost, net	83,940	79,335
Operating lease right-of-use assets	32,491	0
Goodwill	60,504	93,368
Other intangible assets, net of accumulated amortization	11,955	19,472
Deferred income taxes	5,542	2,683
Other assets	15,945	21,226
Total assets	591,888	633,394
Current liabilities:
Accounts payable	74,461	114,647
Billings on uncompleted contracts in excess of costs and estimated earnings	110,562	105,626
Accrued wages and benefits	22,121	38,357
Accrued insurance	7,649	9,021
Operating lease liabilities	9,425	0
Income taxes payable	166	2,517
Other accrued expenses	5,440	5,331
Total current liabilities	229,824	275,499
Deferred income taxes	186	298
Operating lease liabilities	23,949	0
Borrowings under senior secured revolving credit facility	14,817	5,347
Other liabilities	317	293
Total liabilities	269,093	281,437
Commitments and contingencies
Matrix Service Company stockholders' equity:
Common stock—$.01 par value; 60,000,000 shares authorized; 27,888,217 shares issued as of December 31, 2019 and June 30, 2019; 26,672,114 and 26,807,203 shares outstanding as of December 31, 2019 and June 30, 2019	279	279
Additional paid-in capital	135,057	137,712
Retained earnings	217,619	239,476
Accumulated other comprehensive loss	(7,622)	(7,751)
Matrix Service Company stockholders' equity	345,333	369,716
Less: Treasury stock, at cost — 1,216,103 shares as of December 31, 2019, and 1,081,014 shares as of June 30, 2019	(22,538)	(17,759)
Total stockholders' equity	322,795	351,957
Total liabilities and stockholders’ equity	$ 591,888	$ 633,394

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Statement Condensed Consolidated Balance Sheets [Abstract]
Accounts receivable, allowances	$ 1,722	$ 923
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	27,888,217	27,888,217
Common stock, shares outstanding	26,672,114	26,807,203
Treasury stock, shares	1,216,103	1,081,014

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating activities:
Net income (loss)	$ (21,857)	$ 6,237
Adjustments to reconcile net income (loss) to net cash provided by operating activities, net of effects from acquisitions and disposals:
Depreciation and amortization	9,702	9,126
Goodwill and other intangible asset impairment	38,515	0
Stock-based compensation expense	5,813	5,738
Deferred income tax	(2,934)	(83)
Gain on disposal of business	0	(427)
Gain on sale of property, plant and equipment	(285)	(727)
Provision for uncollectible accounts	1,193	(34)
Other	(213)	202
Changes in operating assets and liabilities increasing (decreasing) cash, net of effects from acquisitions and disposals:
Accounts receivable	18,173	(177)
Costs and estimated earnings in excess of billings on uncompleted contracts	38,860	3,580
Inventories	832	(2,816)
Other assets and liabilities	1,547	(10,551)
Accounts payable	(38,182)	8,622
Billings on uncompleted contracts in excess of costs and estimated earnings	4,936	(5,243)
Accrued expenses	(17,475)	37
Net cash provided by operating activities	38,625	13,484
Investing activities:
Capital expenditures	(14,492)	(6,055)
Proceeds from disposal of business	0	3,885
Proceeds from asset sales	377	923
Net cash used by investing activities	(14,115)	(1,247)
Financing activities:
Advances under senior secured revolving credit facility	17,395	8,383
Repayments of advances under senior secured revolving credit facility	(8,126)	(8,243)
Open market purchase of treasury shares	(9,913)	(3,230)
Issuances of common stock	0	128
Proceeds from issuance of common stock under employee stock purchase plan	157	153
Repurchase of common stock for payment of statutory taxes due on equity-based compensation	(3,491)	(1,651)
Net cash used by financing activities	(3,978)	(4,460)
Effect of exchange rate changes on cash and cash equivalents	248	(345)
Increase in cash and cash equivalents	20,780	7,432
Cash and cash equivalents, beginning of period	89,715	64,057
Cash and cash equivalents, end of period	110,495	71,489
Supplemental disclosure of cash flow information:
Income taxes	4,751	255
Interest paid	947	849
Non-cash investing and financing activities:
Purchases of property, plant and equipment on account	682	820
Accrual for unsettled stock repurchases	$ 0	$ 1,960

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2018	$ 318,843	$ 279	$ 132,198	$ 211,494	$ (17,717)	$ (7,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	6,237	0	0	6,237	0	0
Other comprehensive income (loss)	(668)	0	0	0	0	(668)
Exercise of stock options	128	0	(126)	0	254	0
Open market purchases of treasury shares	(5,190)	0	0	0	(5,190)	0
Treasury shares sold to Employee Stock Purchase Plan	153	0	19	0	134	0
Issuance of deferred shares	0	0	(5,940)	0	5,940	0
Other Treasury Share Purchases	(1,651)	0	0	0	(1,651)	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2018	323,590	279	131,889	217,731	(18,230)	(8,079)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	5,738	0	5,738	0	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2018	322,781	279	129,885	213,799	(14,172)	(7,010)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	3,932	0	0	3,932	0	0
Other comprehensive income (loss)	(1,069)	0	0	0	0	(1,069)
Open market purchases of treasury shares	(5,190)	0	0	0	(5,190)	0
Treasury shares sold to Employee Stock Purchase Plan	75	0	23	0	52	0
Issuance of deferred shares	0	0	(1,172)	0	1,172	0
Other Treasury Share Purchases	(92)	0	0	0	(92)	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2018	323,590	279	131,889	217,731	(18,230)	(8,079)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	3,153	0	3,153	0	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2019	351,957	279	137,712	239,476	(17,759)	(7,751)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(21,857)	0	0	(21,857)	0	0
Other comprehensive income (loss)	129	0	0	0	0	129
Open market purchases of treasury shares	(9,913)	0	0	0	(9,913)	0
Treasury shares sold to Employee Stock Purchase Plan	157	0	18	0	139	0
Issuance of deferred shares	0	0	(8,486)	0	8,486	0
Other Treasury Share Purchases	(3,491)	0	0	0	(3,491)	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2019	322,795	279	135,057	217,619	(22,538)	(7,622)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	5,813	0	5,813	0	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Sep. 30, 2019	357,427	279	132,936	245,627	(13,270)	(8,145)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(28,008)	0	0	(28,008)	0	0
Other comprehensive income (loss)	523	0	0	0	0	523
Open market purchases of treasury shares	(9,913)	0	0	0	(9,913)	0
Treasury shares sold to Employee Stock Purchase Plan	74	0	5	0	69	0
Issuance of deferred shares	0	0	(673)	0	673	0
Other Treasury Share Purchases	(97)	0	0	0	(97)	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2019	322,795	279	135,057	217,619	(22,538)	(7,622)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	$ 2,789	$ 0	$ 2,789	$ 0	$ 0	$ 0

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Treasury Stock, Shares, Acquired	500,000	310,532	500,000	310,532
Employee Stock Purchase Plan, shares	4,468	3,124	8,521	7,447
Exercise of stock options, shares	0	0	0	12,500
Issuance of deferred shares, shares	40,786	70,803	535,060	292,578
Other treasury shares purchases, shares	4,586	4,814	178,670	77,418

Basis of Presentation (Notes)

Basis of Presentation (Notes)	6 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation and Significant Accounting Policies Basis of Presentation The condensed consolidated financial statements include the accounts of Matrix Service Company (“Matrix”, “we”, “our”, “us”, “its” or the “Company”) and its subsidiaries, unless otherwise indicated. Intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with Rule 10-01 of Regulation S-X for interim financial statements required to be filed with the Securities and Exchange Commission and do not include all information and footnotes required by U.S. generally accepted accounting principles ("GAAP") for complete financial statements. The information furnished reflects all adjustments, consisting of normal recurring adjustments, that are, in the opinion of management, necessary for a fair statement of the results of operations, cash flows and financial position for the interim periods presented. The accompanying condensed financial statements should be read in conjunction with the audited financial statements for the year ended June 30, 2019 , included in the Company’s Annual Report on Form 10-K for the year then ended. The results of operations for the three and six month periods ended December 31, 2019 may not necessarily be indicative of the results of operations for the full year ending June 30, 2020 . Significant Accounting Policies The Company has updated its significant accounting policies to include its lease accounting policy as a result of adopting the Financial Accounting Standards Board ("FASB") Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) on July 1, 2019. The Company's other significant accounting policies are detailed in “Note 1 - Summary of Significant Accounting Policies” of our Annual Report on Form 10-K for the year ended June 30, 2019. Leases Adoption of New Leases Standard In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . Under this guidance, lessees are required to recognize virtually all leases on the balance sheet as a right-of-use asset and an associated operating lease liability or finance lease liability. The right-of-use asset represents the lessee's right to use, or control the use of, a specified asset for the specified lease term. The lease liability represents the lessee's obligation to make lease payments arising from the lease, measured on a discounted basis. Based on certain characteristics, leases are classified as operating leases or finance leases. Operating lease liabilities and right-of-use assets are adjusted to result in a single straight-line lease expense over the life of the lease. Finance lease liabilities and right-of-use assets, which contain provisions similar to capital leases under the prior accounting standards, result in the recognition of interest expense on the lease liability and amortization expense on the right-of-use asset over the term of the lease. On July 1, 2019, the Company adopted the standard using the modified retrospective method. The modified retrospective method permits the Company to record right-of-use assets and lease liabilities for existing leases as of the date of adoption rather than at the beginning of the earliest period presented. The Company recorded operating lease right-of-use assets of $24.6 million and operating lease liabilities of $25.8 million as of July 1, 2019. The adoption of the standard did not have a material impact on the Company’s retained earnings, Condensed Consolidated Statements of Income or Condensed Consolidated Statements of Cash Flows. Financial results reported in prior periods are unchanged and reflect the prior lease accounting standards in place at the time. The Company elected the package of practical expedients permitted under the transition guidance for the new standard, which among other things, allowed the Company to carry forward the historical lease classification of its existing leases. All of the Company's existing leases were classified as operating leases prior to adoption and have retained this classification after adoption. In addition, the Company elected not to utilize the hindsight practical expedient to determine the lease term for existing leases at adoption. Lease Accounting Policy The Company enters into lease arrangements for real estate, construction equipment and information technology equipment in the normal course of business. The Company determines if an arrangement is or contains a lease at inception of the arrangement. An arrangement is determined to be a lease if it conveys the right to control the use of identified property or equipment for a period of time in exchange for consideration. If certain criteria are satisfied, the lease is classified as a financing lease. If none of these criteria are satisfied, the lease is considered an operating lease. All of the Company's leases are classified as operating leases. Operating lease right-of-use assets are recognized as the present value of future lease payments over the lease term as of the commencement date, plus any lease payments made prior to commencement, and less any lease incentives received. Operating right-of-use assets are presented as noncurrent in the Condensed Consolidated Balance Sheets. Operating lease liabilities are recognized as the present value of the future lease payments over the lease term as of the commencement date and are presented as current and noncurrent in the Condensed Consolidated Balance Sheets. The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases with an initial term of 12 months or less. The lease term used to measure the right-of-use assets and lease liabilities is generally the non-cancelable lease term for real estate leases and information technology equipment. Construction equipment is typically rented on a "month-to-month" basis and the lease term is estimated based on the expected duration of the rental. An option to renew or terminate a lease is included in the lease term when it is reasonably certain that the Company will exercise the option. Renewal options for real estate leases are typically for five years or less. Future lease payments are discounted based on the Company's estimate of its incremental borrowing rate at lease commencement. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments. Determinations with respect to lease term, including any renewals, incremental borrowing rate, and future lease payments require the use of judgment based on the facts and circumstances related to each lease. The Company considers various factors, including economic incentives, intent, past history and business need, to determine the likelihood that a renewal option will be exercised. After the commencement date, operating lease expense is recognized based on the undiscounted future lease payments over the remaining lease term on a straight-line basis. Lease expense related to short-term leases is recognized on a straight-line basis over the lease term. Lease expense is included in cost of revenue and in selling, general and administrative expenses in the Condensed Consolidated Statements of Income. See Note 3 - Leases for the required periodic disclosures about the Company's leases. Recently Issued Accounting Standards Accounting Standards Update 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments On June 16, 2016, the FASB issued ASU 2016-13, which will change how the Company accounts for credit losses, including those related to its trade accounts receivable. The amendments in this update require a financial asset (or a group of financial assets) to be presented at the net amount expected to be collected. The income statement will reflect any increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. Current GAAP delays the recognition of the full amount of credit losses until the loss is probable of occurring. The amendments in this update eliminate the probable initial recognition threshold and, instead, reflect the Company's current estimate of all expected credit losses. In addition, current guidance limits the information the Company may consider in measuring a credit loss to its past events and current conditions. The amendments in this update broaden the information the Company may consider in developing its expected credit loss estimate to include forecasted information. The Company will adopt these amendments on July 1, 2020. The Company must apply the amendments in this update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. At this time, the Company does not expect this update will have a material impact on its estimate of the allowance for uncollectible accounts.

Revenue Revenue (Notes)

Revenue Revenue (Notes)	6 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Remaining Performance Obligations The Company had $645.0 million of remaining performance obligations yet to be satisfied as of December 31, 2019 . The Company expects to recognize $540.9 million of its remaining performance obligations as revenue within the next twelve months. Contract Balances Contract terms with customers include the timing of billing and payment, which usually differs from the timing of revenue recognition. As a result, we carry contract assets and liabilities in our balance sheet. These contract assets and liabilities are calculated on a contract-by-contract basis and reported on a net basis at the end of each period and are classified as current. We present our contract assets in the balance sheet as Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts ("CIE"). CIE consists of revenue recognized in excess of billings. We present our contract liabilities in the balance sheet as Billings on Uncompleted Contracts in Excess of Costs and Estimated Earnings ("BIE"). BIE consists of advance payments and billings in excess of revenue recognized. The following table provides information about CIE and BIE: December 31, June 30, Change (in thousands) Costs and estimated earnings in excess of billings on uncompleted contracts $ 57,223 $ 96,083 $ (38,860 ) Billings on uncompleted contracts in excess of costs and estimated earnings (110,562 ) (105,626 ) (4,936 ) Net contract liabilities $ (53,339 ) $ (9,543 ) $ (43,796 ) The difference between the beginning and ending balances of the Company's CIE and BIE primarily results from the timing of revenue recognized relative to its billings. The amount of revenue recognized during the six months ended December 31, 2019 that was included in the prior period BIE balance was $97.0 million . This revenue consists primarily of work performed during the period on contracts with customers that had advance billings. Progress billings in accounts receivable at December 31, 2019 and June 30, 2019 included retentions to be collected within one year of $29.9 million and $21.9 million , respectively. Contract retentions collectible beyond one year are included in other assets in the Condensed Consolidated Balance Sheet and totaled $12.5 million as of December 31, 2019 and $17.7 million as of June 30, 2019 . Disaggregated Revenue Revenue disaggregated by reportable segment is presented in Note 9 - Segment Information. The following series of tables presents revenue disaggregated by geographic area where the work was performed and by contract type: Geographic Disaggregation: Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (In thousands) United States $ 291,348 $ 329,513 $ 605,765 $ 639,650 Canada 24,703 9,714 45,872 16,795 Other international 2,626 1,341 5,137 2,634 Total Revenue $ 318,677 $ 340,568 $ 656,774 $ 659,079 Contract Type Disaggregation: Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (In thousands) Fixed-price contracts $ 174,773 $ 182,811 $ 351,093 $ 361,933 Time and materials and other cost reimbursable contracts 143,904 157,757 305,681 297,146 Total Revenue $ 318,677 $ 340,568 $ 656,774 $ 659,079 Typically, the Company assumes more risk with fixed-price contracts since increases in cost to perform the work may not be recoverable. However, these types of contracts typically offer higher profits than time and materials and other cost reimbursable contracts when completed at or below the costs originally estimated. The profitability of time and materials and other cost reimbursable contracts is typically lower than fixed-price contracts and is usually less volatile than fixed-price contracts since the profit component is factored into the rates charged for labor, equipment and materials, or is expressed in the contract as a percentage of the reimbursable costs incurred.

Leases Leases (Notes)

Leases Leases (Notes)	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lessee, Operating Leases [Text Block]	Leases The Company enters into lease arrangements for real estate, construction equipment and information technology equipment in the normal course of business. Real estate leases accounted for approximately 86% of all right-of-use assets as of December 31, 2019 . Most real estate and information technology equipment leases generally have fixed payments that follow an agreed upon payment schedule and have remaining lease terms ranging from less than a year to 16 years. Construction equipment leases generally have "month-to-month" lease terms that automatically renew as long as the equipment remains in use. The components of lease expense in the Condensed Consolidated Statements of Income are as follows: Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Lease expense Location of Expense in Statements of Income (in thousands) Operating lease expense Cost of revenues and selling, general and administrative expenses $ 3,256 $ 6,372 Short-term lease expense (1) Cost of revenues 11,007 20,615 Total lease expense $ 14,263 $ 26,987 (1) Primarily represents the lease expense of construction equipment that is subject to month-to-month rental agreements with expected rental durations of less than one year. The future undiscounted lease payments, as reconciled to the discounted operating lease liabilities presented in the Company's Condensed Consolidated Balance Sheets, were as follows: December 31, 2019 Maturity Analysis: (in thousands) Remainder of Fiscal 2020 $ 5,761 Fiscal 2021 8,503 Fiscal 2022 6,164 Fiscal 2023 4,559 Fiscal 2024 2,968 Thereafter 11,866 Total future operating lease payments 39,821 Less: imputed interest (6,447 ) Net present value of future lease payments 33,374 Less: current portion of operating lease liabilities 9,425 Non-current operating lease liabilities $ 23,949 The following is a summary of the weighted average remaining operating lease term and weighted average discount rate as of December 31, 2019 : Weighted-average remaining lease term (in years) 6 Weighted-average discount rate 5.6 % Supplemental cash flow information related to leases is as follows: Six Months Ended December 31, 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,788 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 39,338

Intangible Assets Including Goo

Intangible Assets Including Goodwill (Notes)	6 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Including Goodwill	Intangible Assets Including Goodwill Goodwill The changes in the carrying value of goodwill by segment are as follows: Electrical Infrastructure Oil Gas & Chemical Storage Solutions Industrial Total (In thousands) Net balance at June 30, 2019 $ 24,830 $ 30,829 $ 16,736 $ 20,973 $ 93,368 Goodwill impairment (24,900 ) — — (7,981 ) (32,881 ) Translation adjustment (1) 70 — (17 ) (36 ) 17 Net balance at December 31, 2019 $ — $ 30,829 $ 16,719 $ 12,956 $ 60,504 (1) The translation adjustments relate to the periodic translation of Canadian Dollar and South Korean Won denominated goodwill recorded as a part of prior acquisitions in Canada and South Korea, in which the local currency was determined to be the functional currency. The Company tests its goodwill for impairment annually in May. Except for the impairments discussed below, the Company concluded that no other impairment indicators existed as of December 31, 2019 . However, if our market view of project opportunities or gross margins deteriorates, then additional interim goodwill impairment tests will be performed, which could result in the recognition of additional impairments to goodwill. In the second quarter, the Company concluded that a goodwill impairment indicator existed in the Electrical Infrastructure segment based on the recent history of depressed gross margins and the second quarter’s downward acceleration of revenue and gross margin. Accordingly, the Company performed an interim impairment test as of December 31, 2019, reflecting updated revenue and gross margin assumptions, and concluded that the reporting unit's $24.9 million of goodwill was fully impaired. Additionally, in December 2019, the Company concluded that a goodwill impairment indicator existed for an Industrial segment reporting unit based on several second quarter events. These events included the deterioration of the relationship with a significant customer in the iron and steel industry in the second quarter. As a result, the customer canceled other previously awarded work and the Company is expecting little to no business from this customer in the foreseeable future. Accordingly, the Company performed an interim impairment test as of December 31, 2019 and concluded that the reporting unit's $8.0 million of goodwill was fully impaired. The remaining goodwill in the Industrial segment is related to a separate reporting unit that serves a broader customer base beyond iron and steel. The estimated fair value of each reporting unit was derived by utilizing a discounted cash flow analysis. The key assumptions used are described in Part II, Item 8. Financial Statements and Supplementary Data, Note 1 - Summary of Significant Accounting Policies, Goodwill in our fiscal 2019 Annual Report on Form 10-K. Other Intangible Assets In connection with the factors disclosed for the Industrial segment goodwill impairment above, the Company fully impaired a customer relationship with a net book value of $5.6 million and a remaining useful life of 9 years. This intangible asset had a gross carrying amount of $9.4 million and accumulated amortization of $3.8 million . The impairment is included within the goodwill and other intangible asset impairment caption in the condensed consolidated statements of income. Information on the carrying value of other intangible assets is as follows: At December 31, 2019 Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (Years) (In thousands) Intellectual property 10 to 15 $ 2,579 $ (1,867 ) $ 712 Customer-based 6 to 15 29,180 (17,939 ) 11,241 Non-compete agreements 4 1,453 (1,451 ) 2 Total amortizing intangible assets $ 33,212 $ (21,257 ) $ 11,955 At June 30, 2019 Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (Years) (In thousands) Intellectual property 10 to 15 $ 2,579 $ (1,779 ) $ 800 Customer-based 6 to 15 38,572 (19,915 ) 18,657 Non-compete agreements 4 1,453 (1,438 ) 15 Total amortizing intangible assets $ 42,604 $ (23,132 ) $ 19,472 Amortization expense totaled $0.9 million and $1.9 million during the three and six months ended December 31, 2019 and $0.8 million and $1.7 million for the three and six months ended December 31, 2018 , respectively. We estimate that the remaining amortization expense related to December 31, 2019 amortizing intangible assets will be as follows (in thousands): Period ending: Remainder of Fiscal 2020 $ 1,567 Fiscal 2021 3,125 Fiscal 2022 2,272 Fiscal 2023 1,819 Fiscal 2024 1,506 Fiscal 2025 1,111 Thereafter 555 Total estimated remaining amortization expense at December 31, 2019 $ 11,955

Debt (Notes)

Debt (Notes)	6 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Debt	Debt On February 8, 2017, the Company entered into the Fourth Amended and Restated Credit Agreement (the "Credit Agreement"), by and among the Company and certain foreign subsidiaries, as Borrowers, various subsidiaries of the Company, as Guarantors, JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, and the other Lenders party thereto. The Credit Agreement provides for a five-year senior secured revolving credit facility of $300.0 million that expires February 8, 2022 . The credit facility may be used for working capital, acquisitions, capital expenditures, issuances of letters of credit and other lawful purposes. The Credit Agreement includes the following covenants and borrowing limitations: • Our Leverage Ratio, determined as of the end of each fiscal quarter, may not exceed 3.00 to 1.00 . • We are required to maintain a Fixed Charge Coverage Ratio, determined as of the end of each fiscal quarter, greater than or equal to 1.25 to 1.00 . • Asset dispositions (other than dispositions in which all of the net cash proceeds therefrom are reinvested into the Company and dispositions of inventory and obsolete or unneeded equipment in the ordinary course of business) are limited to $20.0 million per 12-month period. The credit facility includes a U.S. Dollar equivalent sublimit of $75.0 million for revolving loans denominated in Australian Dollars, Canadian Dollars, Euros and Pounds Sterling and letters of credit in Australian Dollars, Euros, and Pounds Sterling. The credit facility also includes a $200.0 million sublimit for total letters of credit. Each revolving borrowing under the Credit Agreement will bear interest at a rate per annum equal to: • The ABR or the Adjusted LIBO Rate, in the case of revolving loans denominated in U.S. Dollars; • The Canadian Prime Rate or the CDOR rate, in the case of revolving loans denominated in Canadian Dollars; • The Adjusted LIBO Rate, in the case of revolving loans denominated in Pounds Sterling or Australian Dollars; or • The EURIBO Rate, in the case of revolving loans denominated in Euros, in each case, plus the Applicable Margin, which is based on the Company's Leverage Ratio. The Applicable Margin on ABR loans ranges between 0.625% and 1.625% . The Applicable Margin for Adjusted LIBO, EURIBO and CDOR loans ranges between 1.625% and 2.625% and the Applicable Margin for Canadian Prime Rate loans ranges between 2.125% and 3.125% . The unused credit facility fee is between 0.25% and 0.45% based on the Leverage Ratio. The Credit Agreement includes a Leverage Ratio covenant, which provides that Consolidated Funded Indebtedness, as of the end of any fiscal quarter, may not exceed 3.0 times Consolidated EBITDA, as defined in the Credit Agreement, or "Covenant EBITDA," over the previous four quarters. For the four quarters ended December 31, 2019 , Covenant EBITDA was $78.2 million . Consolidated Funded Indebtedness at December 31, 2019 was $68.5 million . Availability under the senior secured revolving credit facility at December 31, 2019 was as follows: December 31, June 30, (In thousands) Senior secured revolving credit facility $ 300,000 $ 300,000 Capacity constraint due to the Leverage Ratio 65,544 94,323 Capacity under the credit facility 234,456 205,677 Letters of credit 53,636 48,147 Borrowings outstanding 14,817 5,347 Availability under the senior secured revolving credit facility $ 166,003 $ 152,183 At December 31, 2019 , the Company was in compliance with all affirmative, negative, and financial covenants under the Credit Agreement.

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective Tax Rate Our effective tax rates for the three and six months ended December 31, 2019 were 10.5% and 2.6% , respectively, compared to 27.4% and 23.7% , respectively, for the same period a year ago. We previously expected our fiscal 2020 effective tax rate to be approximately 27.0% . The effective tax rate in both periods in fiscal 2020 was negatively impacted by a $2.4 million valuation allowance placed on a deferred tax asset that was created by net operating loss carryforwards and other tax credits in Canada that was triggered by the second quarter cancellation of a Canadian iron and steel project that significantly impacted the fiscal 2020 financial forecast. Additionally, the effective tax rate in both periods in fiscal 2020 was negatively impacted by the non-deductible portion of the goodwill impairments. We expect the effective tax rate to be approximately 28.0% for the remainder of the fiscal year. The effective tax rate for the three months ended December 31, 2018 was in line with expected statutory rate. The effective tax rate for the sixth months ended December 31, 2018 was positively impacted by $0.3 million of excess tax benefits related to the vesting of stock-based compensation.

Commitments and Contingencies (

Commitments and Contingencies (Notes)	6 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Insurance Reserves The Company maintains insurance coverage for various aspects of its operations. However, exposure to potential losses is retained through the use of deductibles, self-insured retentions and coverage limits. Typically, our contracts require us to indemnify our customers for injury, damage or loss arising from the performance of our services and provide warranties for materials and workmanship. The Company may also be required to name the customer as an additional insured up to the limits of insurance available, or we may be required to purchase special insurance policies or surety bonds for specific customers or provide letters of credit in lieu of bonds to satisfy performance and financial guarantees on some projects. Matrix maintains a performance and payment bonding line sufficient to support the business. The Company generally requires its subcontractors to indemnify the Company and the Company’s customer and name the Company as an additional insured for activities arising out of the subcontractors’ work. We also require certain subcontractors to provide additional insurance policies, including surety bonds in favor of the Company, to secure the subcontractors’ work or as required by the subcontract. There can be no assurance that our insurance and the additional insurance coverage provided by our subcontractors will fully protect us against a valid claim or loss under the contracts with our customers. Unpriced Change Orders and Claims Costs and estimated earnings in excess of billings on uncompleted contracts included revenues for unpriced change orders and claims of $9.1 million at December 31, 2019 and $10.1 million at June 30, 2019 . Generally, collection of amounts related to unpriced change orders and claims is expected within twelve months. However, since customers may not pay these amounts until final resolution of related claims, collection of these amounts may extend beyond one year. Other The Company and its subsidiaries are participants in various legal actions. It is the opinion of management that none of the known legal actions will have a material impact on the Company’s financial position, results of operations or liquidity.

Earnings per Common Share (Note

Earnings per Common Share (Notes)	6 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share Basic earnings per share (“Basic EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share (“Diluted EPS”) includes the dilutive effect of stock options and nonvested deferred shares. In the event we report a loss, stock options and nonvested deferred shares are not included since they are anti-dilutive. The computation of basic and diluted earnings per share is as follows: Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (In thousands, except per share data) Basic EPS: Net income (loss) $ (28,008 ) $ 3,932 $ (21,857 ) $ 6,237 Weighted average shares outstanding 26,925 27,043 26,930 26,982 Basic earnings (loss) per share $ (1.04 ) $ 0.15 $ (0.81 ) $ 0.23 Diluted EPS: Weighted average shares outstanding – basic 26,925 27,043 26,930 26,982 Dilutive stock options — 27 — 29 Dilutive nonvested deferred shares — 512 — 617 Diluted weighted average shares 26,925 27,582 26,930 27,628 Diluted earnings (loss) per share $ (1.04 ) $ 0.14 $ (0.81 ) $ 0.23 The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS: Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (In thousands) Stock options 26 — 25 — Nonvested deferred shares 718 1,543 870 1,458 Total antidilutive securities 744 1,543 895 1,458

Segment Information (Notes)

Segment Information (Notes)	6 Months Ended
	Dec. 31, 2019
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 power delivery 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 plant maintenance, turnarounds, 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 and 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 companies in other industries, including aerospace and defense, cement, and agriculture and grain. 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, 2019 and in Note 1 of this Quarterly Report on Form 10-Q. Intersegment sales and transfers are recorded at cost; therefore, no intersegment 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, operating lease right-of-use assets, goodwill and other intangible assets. Results of Operations (In thousands) Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, Gross revenues Electrical Infrastructure $ 30,030 $ 58,173 $ 61,562 $ 102,874 Oil Gas & Chemical 56,496 87,521 114,282 163,083 Storage Solutions 144,034 126,198 294,786 239,965 Industrial 90,267 70,385 189,554 155,942 Total gross revenues $ 320,827 $ 342,277 $ 660,184 $ 661,864 Less: Inter-segment revenues Oil Gas & Chemical $ 504 $ 1,234 $ 760 $ 1,305 Storage Solutions 1,265 475 1,950 1,480 Industrial 381 — 700 — Total inter-segment revenues $ 2,150 $ 1,709 $ 3,410 $ 2,785 Consolidated revenues Electrical Infrastructure $ 30,030 $ 58,173 $ 61,562 $ 102,874 Oil Gas & Chemical 55,992 86,287 113,522 161,778 Storage Solutions 142,769 125,723 292,836 238,485 Industrial 89,886 70,385 188,854 155,942 Total consolidated revenues $ 318,677 $ 340,568 $ 656,774 $ 659,079 Gross profit (loss) Electrical Infrastructure $ (2,880 ) $ 3,562 $ (2,776 ) $ 6,945 Oil Gas & Chemical 4,197 9,157 7,832 14,782 Storage Solutions 19,775 11,147 40,830 20,700 Industrial 8,909 4,020 16,580 8,880 Total gross profit $ 30,001 $ 27,886 $ 62,466 $ 51,307 Goodwill and other intangible asset impairment Electrical Infrastructure $ 24,900 $ — $ 24,900 $ — Oil Gas & Chemical — — — — Storage Solutions — — — — Industrial 13,615 — 13,615 — Total goodwill and other intangible asset impairment $ 38,515 $ — $ 38,515 $ — Operating income (loss) Electrical Infrastructure $ (29,663 ) $ 438 $ (31,507 ) $ 1,095 Oil Gas & Chemical (1,272 ) 3,585 (3,045 ) 4,099 Storage Solutions 8,899 1,356 18,351 1,641 Industrial (9,643 ) 148 (6,704 ) 912 Total operating income (loss) $ (31,679 ) $ 5,527 $ (22,905 ) $ 7,747 Total assets by segment were as follows: December 31, June 30, Electrical Infrastructure $ 108,929 $ 155,880 Oil Gas & Chemical 82,216 91,959 Storage Solutions 206,224 188,912 Industrial 43,539 90,336 Unallocated assets 150,980 106,307 Total segment assets $ 591,888 $ 633,394

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation - Lease Accounting Policy (Policies)	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	Lease Accounting Policy The Company enters into lease arrangements for real estate, construction equipment and information technology equipment in the normal course of business. The Company determines if an arrangement is or contains a lease at inception of the arrangement. An arrangement is determined to be a lease if it conveys the right to control the use of identified property or equipment for a period of time in exchange for consideration. If certain criteria are satisfied, the lease is classified as a financing lease. If none of these criteria are satisfied, the lease is considered an operating lease. All of the Company's leases are classified as operating leases. Operating lease right-of-use assets are recognized as the present value of future lease payments over the lease term as of the commencement date, plus any lease payments made prior to commencement, and less any lease incentives received. Operating right-of-use assets are presented as noncurrent in the Condensed Consolidated Balance Sheets. Operating lease liabilities are recognized as the present value of the future lease payments over the lease term as of the commencement date and are presented as current and noncurrent in the Condensed Consolidated Balance Sheets. The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases with an initial term of 12 months or less. The lease term used to measure the right-of-use assets and lease liabilities is generally the non-cancelable lease term for real estate leases and information technology equipment. Construction equipment is typically rented on a "month-to-month" basis and the lease term is estimated based on the expected duration of the rental. An option to renew or terminate a lease is included in the lease term when it is reasonably certain that the Company will exercise the option. Renewal options for real estate leases are typically for five years or less. Future lease payments are discounted based on the Company's estimate of its incremental borrowing rate at lease commencement. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments. Determinations with respect to lease term, including any renewals, incremental borrowing rate, and future lease payments require the use of judgment based on the facts and circumstances related to each lease. The Company considers various factors, including economic incentives, intent, past history and business need, to determine the likelihood that a renewal option will be exercised. After the commencement date, operating lease expense is recognized based on the undiscounted future lease payments over the remaining lease term on a straight-line basis. Lease expense related to short-term leases is recognized on a straight-line basis over the lease term. Lease expense is included in cost of revenue and in selling, general and administrative expenses in the Condensed Consolidated Statements of Income.

Revenue Revenue (Tables)

Revenue Revenue (Tables)	6 Months Ended
	Dec. 31, 2019
Contract with Customer, Asset and Liability [Abstract]
Contract with Customer, Asset and Liability [Table Text Block]	The following table provides information about CIE and BIE: December 31, June 30, Change (in thousands) Costs and estimated earnings in excess of billings on uncompleted contracts $ 57,223 $ 96,083 $ (38,860 ) Billings on uncompleted contracts in excess of costs and estimated earnings (110,562 ) (105,626 ) (4,936 ) Net contract liabilities $ (53,339 ) $ (9,543 ) $ (43,796 )
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	The following series of tables presents revenue disaggregated by geographic area where the work was performed and by contract type: Geographic Disaggregation: Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (In thousands) United States $ 291,348 $ 329,513 $ 605,765 $ 639,650 Canada 24,703 9,714 45,872 16,795 Other international 2,626 1,341 5,137 2,634 Total Revenue $ 318,677 $ 340,568 $ 656,774 $ 659,079 Contract Type Disaggregation: Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (In thousands) Fixed-price contracts $ 174,773 $ 182,811 $ 351,093 $ 361,933 Time and materials and other cost reimbursable contracts 143,904 157,757 305,681 297,146 Total Revenue $ 318,677 $ 340,568 $ 656,774 $ 659,079

Leases Leases (Tables)

Leases Leases (Tables)	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense in the Condensed Consolidated Statements of Income are as follows: Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Lease expense Location of Expense in Statements of Income (in thousands) Operating lease expense Cost of revenues and selling, general and administrative expenses $ 3,256 $ 6,372 Short-term lease expense (1) Cost of revenues 11,007 20,615 Total lease expense $ 14,263 $ 26,987 (1) Primarily represents the lease expense of construction equipment that is subject to month-to-month rental agreements with expected rental durations of less than one year.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The future undiscounted lease payments, as reconciled to the discounted operating lease liabilities presented in the Company's Condensed Consolidated Balance Sheets, were as follows: December 31, 2019 Maturity Analysis: (in thousands) Remainder of Fiscal 2020 $ 5,761 Fiscal 2021 8,503 Fiscal 2022 6,164 Fiscal 2023 4,559 Fiscal 2024 2,968 Thereafter 11,866 Total future operating lease payments 39,821 Less: imputed interest (6,447 ) Net present value of future lease payments 33,374 Less: current portion of operating lease liabilities 9,425 Non-current operating lease liabilities $ 23,949
Other Information Related to Leases [Table Text Block]	The following is a summary of the weighted average remaining operating lease term and weighted average discount rate as of December 31, 2019 : Weighted-average remaining lease term (in years) 6 Weighted-average discount rate 5.6 % Supplemental cash flow information related to leases is as follows: Six Months Ended December 31, 2019 (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,788 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 39,338

Intangible Assets Including G_2

Intangible Assets Including Goodwill (Tables)	6 Months Ended
	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Schedule of Goodwill [Table Text Block]	The changes in the carrying value of goodwill by segment are as follows: Electrical Infrastructure Oil Gas & Chemical Storage Solutions Industrial Total (In thousands) Net balance at June 30, 2019 $ 24,830 $ 30,829 $ 16,736 $ 20,973 $ 93,368 Goodwill impairment (24,900 ) — — (7,981 ) (32,881 ) Translation adjustment (1) 70 — (17 ) (36 ) 17 Net balance at December 31, 2019 $ — $ 30,829 $ 16,719 $ 12,956 $ 60,504 (1) The translation adjustments relate to the periodic translation of Canadian Dollar and South Korean Won denominated goodwill recorded as a part of prior acquisitions in Canada and South Korea, in which the local currency was determined to be the functional currency.
Schedule Of Intangible Assets Excluding Goodwill Table [Text Block]	Information on the carrying value of other intangible assets is as follows: At December 31, 2019 Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (Years) (In thousands) Intellectual property 10 to 15 $ 2,579 $ (1,867 ) $ 712 Customer-based 6 to 15 29,180 (17,939 ) 11,241 Non-compete agreements 4 1,453 (1,451 ) 2 Total amortizing intangible assets $ 33,212 $ (21,257 ) $ 11,955 At June 30, 2019 Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (Years) (In thousands) Intellectual property 10 to 15 $ 2,579 $ (1,779 ) $ 800 Customer-based 6 to 15 38,572 (19,915 ) 18,657 Non-compete agreements 4 1,453 (1,438 ) 15 Total amortizing intangible assets $ 42,604 $ (23,132 ) $ 19,472
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Period ending: Remainder of Fiscal 2020 $ 1,567 Fiscal 2021 3,125 Fiscal 2022 2,272 Fiscal 2023 1,819 Fiscal 2024 1,506 Fiscal 2025 1,111 Thereafter 555 Total estimated remaining amortization expense at December 31, 2019 $ 11,955

Debt (Tables)

Debt (Tables)	6 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Availability Under the Senior Credit Facility	Availability under the senior secured revolving credit facility at December 31, 2019 was as follows: December 31, June 30, (In thousands) Senior secured revolving credit facility $ 300,000 $ 300,000 Capacity constraint due to the Leverage Ratio 65,544 94,323 Capacity under the credit facility 234,456 205,677 Letters of credit 53,636 48,147 Borrowings outstanding 14,817 5,347 Availability under the senior secured revolving credit facility $ 166,003 $ 152,183

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The computation of basic and diluted earnings per share is as follows: Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (In thousands, except per share data) Basic EPS: Net income (loss) $ (28,008 ) $ 3,932 $ (21,857 ) $ 6,237 Weighted average shares outstanding 26,925 27,043 26,930 26,982 Basic earnings (loss) per share $ (1.04 ) $ 0.15 $ (0.81 ) $ 0.23 Diluted EPS: Weighted average shares outstanding – basic 26,925 27,043 26,930 26,982 Dilutive stock options — 27 — 29 Dilutive nonvested deferred shares — 512 — 617 Diluted weighted average shares 26,925 27,582 26,930 27,628 Diluted earnings (loss) per share $ (1.04 ) $ 0.14 $ (0.81 ) $ 0.23
Antidilutive Securities Excluded from the Calculation of Diluted EPS	The following securities are considered antidilutive and have been excluded from the calculation of Diluted EPS: Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (In thousands) Stock options 26 — 25 — Nonvested deferred shares 718 1,543 870 1,458 Total antidilutive securities 744 1,543 895 1,458

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Results of Operations	Results of Operations (In thousands) Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, Gross revenues Electrical Infrastructure $ 30,030 $ 58,173 $ 61,562 $ 102,874 Oil Gas & Chemical 56,496 87,521 114,282 163,083 Storage Solutions 144,034 126,198 294,786 239,965 Industrial 90,267 70,385 189,554 155,942 Total gross revenues $ 320,827 $ 342,277 $ 660,184 $ 661,864 Less: Inter-segment revenues Oil Gas & Chemical $ 504 $ 1,234 $ 760 $ 1,305 Storage Solutions 1,265 475 1,950 1,480 Industrial 381 — 700 — Total inter-segment revenues $ 2,150 $ 1,709 $ 3,410 $ 2,785 Consolidated revenues Electrical Infrastructure $ 30,030 $ 58,173 $ 61,562 $ 102,874 Oil Gas & Chemical 55,992 86,287 113,522 161,778 Storage Solutions 142,769 125,723 292,836 238,485 Industrial 89,886 70,385 188,854 155,942 Total consolidated revenues $ 318,677 $ 340,568 $ 656,774 $ 659,079 Gross profit (loss) Electrical Infrastructure $ (2,880 ) $ 3,562 $ (2,776 ) $ 6,945 Oil Gas & Chemical 4,197 9,157 7,832 14,782 Storage Solutions 19,775 11,147 40,830 20,700 Industrial 8,909 4,020 16,580 8,880 Total gross profit $ 30,001 $ 27,886 $ 62,466 $ 51,307 Goodwill and other intangible asset impairment Electrical Infrastructure $ 24,900 $ — $ 24,900 $ — Oil Gas & Chemical — — — — Storage Solutions — — — — Industrial 13,615 — 13,615 — Total goodwill and other intangible asset impairment $ 38,515 $ — $ 38,515 $ — Operating income (loss) Electrical Infrastructure $ (29,663 ) $ 438 $ (31,507 ) $ 1,095 Oil Gas & Chemical (1,272 ) 3,585 (3,045 ) 4,099 Storage Solutions 8,899 1,356 18,351 1,641 Industrial (9,643 ) 148 (6,704 ) 912 Total operating income (loss) $ (31,679 ) $ 5,527 $ (22,905 ) $ 7,747 Total assets by segment were as follows: December 31, June 30, Electrical Infrastructure $ 108,929 $ 155,880 Oil Gas & Chemical 82,216 91,959 Storage Solutions 206,224 188,912 Industrial 43,539 90,336 Unallocated assets 150,980 106,307 Total segment assets $ 591,888 $ 633,394

Basis of Presentation Basis o_2

Basis of Presentation Basis of Presentation - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jul. 01, 2019	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Operating lease right-of-use assets	$ 32,491	$ 24,600	$ 0
Operating Lease, Liability	$ 33,374	$ 25,800

Revenue Revenue (Details)

Revenue Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Revenue, Performance Obligation [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 645,000		$ 645,000
Performance obligations to be recognized as revenue within next twelve months	540,900		540,900
Contract with Customer, Asset and Liability [Abstract]
Costs and estimated earnings in excess of billings on uncompleted contracts	57,223		57,223		$ 96,083
Change in CIE			(38,860)
Billings on uncompleted contracts in excess of costs and estimated earnings	(110,562)		(110,562)		(105,626)
Change in BIE			(4,936)
Change in net contract balances			(43,796)
Contract with customer, current liability, net	(53,339)		(53,339)		(9,543)
Contract with Customer, Liability, Revenue Recognized			97,000
Disclosure Customer Contracts Additional Information [Abstract]
Contract Receivable Retainage, Due in Next Twelve Months	29,900		29,900		21,900
Contract Receivable Retainage, Due after Next Twelve Months	12,500		12,500		$ 17,700
Disaggregation of Revenue [Line Items]
Revenue	318,677	$ 340,568	656,774	$ 659,079
Fixed-price Contract [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	174,773	182,811	351,093	361,933
Time-and-materials Contract [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	143,904	157,757	305,681	297,146
United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	291,348	329,513	605,765	639,650
Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	24,703	9,714	45,872	16,795
Other international [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 2,626	$ 1,341	$ 5,137	$ 2,634

Leases Leases - Narrative (Deta

Leases Leases - Narrative (Details)	Dec. 31, 2019Rate
Leases [Abstract]
Percentage of real estate leases	86.00%
Operating lease term (up to)	16 years

Leases Leases - Components of L

Leases Leases - Components of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2019
Lease, Cost [Abstract]
Operating lease expense	$ 3,256	$ 6,372
Short-term lease expense	11,007	20,615
Total lease expense	$ 14,263	$ 26,987

Leases Leases - Maturity Analys

Leases Leases - Maturity Analysis (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jul. 01, 2019	Jun. 30, 2019
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of Fiscal 2020	$ 5,761
Fiscal 2021	8,503
Fiscal 2022	6,164
Fiscal 2023	4,559
Fiscal 2024	2,968
Thereafter	11,866
Total future operating lease payments	39,821
Less: imputed interest	(6,447)
Net present value of future lease payments	33,374	$ 25,800
Less: current portion of operating lease liabilities	9,425		$ 0
Non-current operating lease liabilities	$ 23,949		$ 0

Leases Leases - Other Lease Inf

Leases Leases - Other Lease Information (Details)	Dec. 31, 2019Rate
Other Lease Information [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years
Operating Lease, Weighted Average Discount Rate, Percent	5.60%

Leases Leases - Supplemental Ca

Leases Leases - Supplemental Cash Flow Disclosures (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2019USD ($)
Supplemental Cash Flow Information [Abstract]
Cash paid for operating leases	$ 6,788
Right-of-use asset obtained in exchange for operating lease liability	$ 39,338

Intangible Assets Including G_3

Intangible Assets Including Goodwill - Carrying Value of Goodwill By Segment (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2019USD ($)
Goodwill [Line Items]
Goodwill	$ 60,504
Goodwill [Roll Forward]
Net balance at June 30, 2019	93,368
Goodwill impairment	(32,881)
Translation adjustment	17
Net balance at December 31, 2019	60,504
Electrical Infrastructure [Member]
Goodwill [Line Items]
Goodwill	0
Goodwill [Roll Forward]
Net balance at June 30, 2019	24,830
Goodwill impairment	(24,900)
Translation adjustment	70
Net balance at December 31, 2019	0
Oil Gas & Chemical [Member]
Goodwill [Line Items]
Goodwill	30,829
Goodwill [Roll Forward]
Net balance at June 30, 2019	30,829
Goodwill impairment	0
Translation adjustment	0
Net balance at December 31, 2019	30,829
Storage Solutions [Member]
Goodwill [Line Items]
Goodwill	16,719
Goodwill [Roll Forward]
Net balance at June 30, 2019	16,736
Goodwill impairment	0
Translation adjustment	(17)
Net balance at December 31, 2019	16,719
Industrial [Member]
Goodwill [Line Items]
Goodwill	12,956
Goodwill [Roll Forward]
Net balance at June 30, 2019	20,973
Goodwill impairment	(7,981)
Translation adjustment	(36)
Net balance at December 31, 2019	$ 12,956

Intangible Assets Including G_4

Intangible Assets Including Goodwill - Carrying Value of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 33,212		$ 33,212		$ 42,604
Accumulated Amortization	(21,257)		(21,257)		(23,132)
Net Carrying Amount	11,955		11,955		19,472
Total intangible assets, net carrying amount	11,955		11,955		19,472
Amortization of Intangible Assets	900	$ 800	1,900	$ 1,700
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,579		2,579		2,579
Accumulated Amortization	(1,867)		(1,867)		(1,779)
Net Carrying Amount	712		$ 712		800
Intellectual Property [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			10 years	10 years
Intellectual Property [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			15 years	15 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	29,180		$ 29,180		38,572
Accumulated Amortization	(17,939)		(17,939)		(19,915)
Net Carrying Amount	11,241		$ 11,241		18,657
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			6 years	6 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			15 years	15 years
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,453		$ 1,453		1,453
Finite-Lived Intangible Asset, Useful Life			4 years	4 years
Accumulated Amortization	(1,451)		$ (1,451)		(1,438)
Net Carrying Amount	2		2		$ 15
Iron and Steel Customer Relationship [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)			5,600
Finite-Lived Intangible Assets, Gross	9,400		$ 9,400
Finite-Lived Intangible Assets, Remaining Amortization Period			9 years
Accumulated Amortization	$ (3,800)		$ (3,800)

Intangible Assets Including G_5

Intangible Assets Including Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment			$ (32,881)
Amortization of Intangible Assets	$ 900	$ 800	1,900	$ 1,700
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	33,212		33,212		$ 42,604
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,579		2,579		2,579
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	29,180		29,180		38,572
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 1,453		$ 1,453		$ 1,453
Finite-Lived Intangible Asset, Useful Life			4 years	4 years
Minimum [Member] | Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			10 years	10 years
Minimum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			6 years	6 years
Maximum [Member] | Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			15 years	15 years
Maximum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			15 years	15 years

Intangible Assets Including G_6

Intangible Assets Including Goodwill Future Expected Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$ 1,567
Finite-Lived Intangible Assets, Amortization Expense, Next Year	3,125
Finite-Lived Intangible Assets, Amortization Expense, Year Two	2,272
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,819
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,506
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,111
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	555
Finite-Lived Intangible Assets, Net	$ 11,955	$ 19,472

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Thousands	6 Months Ended
	Dec. 31, 2019USD ($)Rate	Jun. 30, 2019USD ($)
Credit Agreement Terms
Senior secured revolving credit facility | $	$ 300,000	$ 300,000
Line Of Credit Facility Expiration Date	Feb. 8, 2022
Senior Leverage Ratio, Maximum	3
Senior Leverage Ratio, Minimum	1
Fixed Charge Coverage Ratio, Maximum	1.25
Fixed Charge Coverage Ratio, Minimum	1
Amount of Limit on Asset Dispositions | $	$ 20,000
Sublimit on Australian Dollar, Canadian Dollar, Euro and Pounds Sterling | $	75,000
Sub-limit on letters of credit under the credit facility | $	$ 200,000
Additional Margin on alternate base rate loans, Minimum	0.625%
Additional Margin on alternate base rate loans, Maximum	1.625%
Additional Margin on Adjusted LIBO, EURIBO and CDOR loans, Minimum	1.625%
Additional Margin on Adjusted LIBO, EURIBO and CDOR loans, Maximum	2.625%
Additional Margin on Canadian prime rate loans, Minimum	2.125%
Additional Margin on Canadian prime rate loans, Maximum	3.125%
Consolidated EBITDA as defined in the Credit Agreement | $	$ 78,200
Consolidated funded indebtedness | $	$ 68,500
Minimum [Member]
Credit Agreement Terms
Unused Credit Facility Fee	0.25%
Maximum [Member]
Credit Agreement Terms
Unused Credit Facility Fee	0.45%

Debt - Availability Under The S

Debt - Availability Under The Senior Credit Facility (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Debt Disclosure [Abstract]
Senior credit facility	$ 300,000	$ 300,000
Capacity Constraint Due To Senior Leverage Ratio	65,544	94,323
Line Of Credit Facility Maximum Borrowing Capacity After Consideration Of Capacity Constraint	234,456	205,677
Letters of credit subject to the credit facility	53,636	48,147
Long-term Line of Credit	14,817	5,347
Availability under the senior credit facility	$ 166,003	$ 152,183

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	10.50%	27.40%	2.60%	23.70%
Discrete item impact on effective tax rate				$ 0.3
Expected effective tax rate, year-to-date			27.00%
Expected effective tax rate, remainder of year			28.00%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount			$ 2.4

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Project Unapproved Change Orders and Claims [Line Items]
Unapproved change orders and claims	$ 9.1	$ 10.1

Earnings per Common Share - Com

Earnings per Common Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share, Basic [Abstract]
Net income (loss)	$ (28,008)	$ 3,932	$ (21,857)	$ 6,237
Weighted average shares outstanding - basic (shares)	26,925	27,043	26,930	26,982
Basic EPS (US$ per share)	$ (1.04)	$ 0.15	$ (0.81)	$ 0.23
Earnings Per Share, Diluted [Abstract]
Dilutive stock options	0	27	0	29
Dilutive nonvested deferred shares	0	512	0	617
Diluted weighted average shares (shares)	26,925	27,582	26,930	27,628
Diluted EPS (US$ per share)	$ (1.04)	$ 0.14	$ (0.81)	$ 0.23

Earnings per Common Share - Ant

Earnings per Common Share - Antidilutive Securities Excluded from the Calculation of Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total antidilutive securities	744	1,543	895	1,458
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total antidilutive securities	26	0	25	0
Nonvested Deferred Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total antidilutive securities	718	1,543	870	1,458

Segment Information - Results o

Segment Information - Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Segment Reporting Information [Line Items]
Gross revenues	$ 320,827	$ 342,277	$ 660,184	$ 661,864
Revenue	318,677	340,568	656,774	659,079
Gross profit	30,001	27,886	62,466	51,307
Goodwill and other intangible asset impairment	38,515	0	38,515	0
Operating income	(31,679)	5,527	(22,905)	7,747
Segment assets	591,888		591,888		$ 633,394
Electrical Infrastructure [Member]
Segment Reporting Information [Line Items]
Gross revenues	30,030	58,173	61,562	102,874
Revenue	30,030	58,173	61,562	102,874
Gross profit	(2,880)	3,562	(2,776)	6,945
Goodwill and other intangible asset impairment	24,900	0	24,900	0
Operating income	(29,663)	438	(31,507)	1,095
Segment assets	108,929		108,929		155,880
Oil Gas & Chemical [Member]
Segment Reporting Information [Line Items]
Gross revenues	56,496	87,521	114,282	163,083
Revenue	55,992	86,287	113,522	161,778
Gross profit	4,197	9,157	7,832	14,782
Goodwill and other intangible asset impairment	0	0	0	0
Operating income	(1,272)	3,585	(3,045)	4,099
Segment assets	82,216		82,216		91,959
Storage Solutions [Member]
Segment Reporting Information [Line Items]
Gross revenues	144,034	126,198	294,786	239,965
Revenue	142,769	125,723	292,836	238,485
Gross profit	19,775	11,147	40,830	20,700
Goodwill and other intangible asset impairment	0	0	0	0
Operating income	8,899	1,356	18,351	1,641
Segment assets	206,224		206,224		188,912
Industrial [Member]
Segment Reporting Information [Line Items]
Gross revenues	90,267	70,385	189,554	155,942
Revenue	89,886	70,385	188,854	155,942
Gross profit	8,909	4,020	16,580	8,880
Goodwill and other intangible asset impairment	13,615	0	13,615	0
Operating income	(9,643)	148	(6,704)	912
Segment assets	43,539		43,539		90,336
Other Segments [Member]
Segment Reporting Information [Line Items]
Segment assets	150,980		150,980		$ 106,307
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Gross revenues	2,150	1,709	3,410	2,785
Intersegment Eliminations [Member] | Oil Gas & Chemical [Member]
Segment Reporting Information [Line Items]
Gross revenues	504	1,234	760	1,305
Intersegment Eliminations [Member] | Storage Solutions [Member]
Segment Reporting Information [Line Items]
Gross revenues	1,265	475	1,950	1,480
Intersegment Eliminations [Member] | Industrial [Member]
Segment Reporting Information [Line Items]
Gross revenues	$ 381	$ 0	$ 700	$ 0