|
Cost of sales
|
|
$307.5m
|
$539.3m
|
$91.5m
|
$112.5m
|
$196.3m
|
$259.7m
|
$319.9m
|
$367.5m
|
|
Gross profit
|
|
$69.1m
|
$96.4m
|
$92.2m
|
$90.4m
|
$101.5m
|
$154.8m
|
$210.0m
|
$162.3m
|
|
Selling, general and administrative
|
|
—
|
—
|
$51.5m
|
$69.0m
|
$117.8m
|
$158.4m
|
$197.5m
|
$215.1m
|
|
Total operating expenses
|
|
—
|
—
|
$53.6m
|
$75.3m
|
$130.0m
|
$176.7m
|
$224.8m
|
$241.9m
|
|
Gross contract revenue
|
|
$410.1m
|
$719.1m
|
$122.0m
|
$150.0m
|
$261.7m
|
$346.3m
|
$426.6m
|
$490.0m
|
|
Depreciation and amortization
|
|
—
|
—
|
$2.3m
|
$6.4m
|
$12.3m
|
$18.7m
|
$27.8m
|
$27.6m
|
|
(Gain) on sale
|
|
—
|
—
|
($107k)
|
($122k)
|
$82k
|
($411k)
|
($477k)
|
($740k)
|
|
Income (loss) from operations
|
|
$30.0m
|
$58.8m
|
$1.9m
|
$160k
|
$5.1m
|
($656k)
|
($2.0m)
|
$19.7m
|
|
Income tax benefit
|
|
—
|
—
|
$989k
|
($1.6m)
|
($3.3m)
|
$177k
|
($12.0m)
|
($1.7m)
|
|
Earnings allocated to non-vested shares
|
|
—
|
—
|
$55k
|
$56k
|
$783k
|
$0
|
$230k
|
$621k
|
|
Depreciation
|
|
$58.4m
|
$101.6m
|
$88.8m
|
$108.0m
|
$119.3m
|
$131.3m
|
$185.0m
|
$217.2m
|
|
Amortization of intangible assets
|
|
$412k
|
$711k
|
$578k
|
—
|
—
|
—
|
$1.4m
|
$2.0m
|
|
Loss on disposal of property, plant and equipment
|
|
($158k)
|
($31k)
|
$659k
|
($85k)
|
$536k
|
$1.7m
|
$767k
|
$822k
|
|
Equity loss (earnings) in affiliates and joint ventures
|
|
($60k)
|
($2.8m)
|
($7.7m)
|
($21.9m)
|
($37.1m)
|
($25.2m)
|
($15.3m)
|
$11.3m
|
|
Change in fair value of contingent obligations
|
|
—
|
—
|
—
|
—
|
$0
|
$4.7m
|
$53.2m
|
($26.9m)
|
|
Loss (gain) on derivative financial instruments
|
|
—
|
$0
|
($4.3m)
|
($2.7m)
|
($778k)
|
($6.1m)
|
($4.0m)
|
$9.4m
|
|
Unrealized foreign currency translation (gain) loss
|
|
—
|
—
|
$0
|
($2k)
|
($304k)
|
$713k
|
$695k
|
($10.5m)
|
|
Comprehensive income
|
|
$15.3m
|
$36.9m
|
$49.2m
|
$51.4m
|
$67.7m
|
$62.4m
|
$43.3m
|
$44.3m
|
|
Loss on sublease
|
|
$1.7m
|
$0
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Foreign exchange (gain) loss
|
|
$39k
|
($36k)
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net income
|
|
$15.3m
|
$36.9m
|
$990k
|
$299k
|
$5.0m
|
($6.6m)
|
$3.0m
|
$12.8m
|
|
Net income attributable to common shareholders
|
|
—
|
—
|
$935k
|
$243k
|
$4.2m
|
($6.6m)
|
$2.8m
|
$12.2m
|
|
Net income and comprehensive income
|
|
$15.3m
|
$37.1m
|
$49.2m
|
—
|
—
|
—
|
—
|
—
|
|
Net income and comprehensive income available to shareholders
|
|
$15.3m
|
$36.9m
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Net income attributable to noncontrolling interest
|
|
($35k)
|
($255k)
|
$0
|
—
|
—
|
—
|
—
|
—
|
|
Basic (in dollars per share)
|
|
$0.61
|
$1.45
|
$0.18
|
$0.04
|
$0.46
|
($0.53)
|
$0.19
|
$0.78
|
|
Diluted (in dollars per share)
|
|
$0.54
|
$1.23
|
$0.18
|
$0.04
|
$0.43
|
($0.53)
|
$0.19
|
$0.77
|
|
Direct payroll costs
|
|
—
|
—
|
$48.2m
|
$59.4m
|
$100.1m
|
$128.0m
|
$156.9m
|
$173.2m
|
|
Sub-consultants and expenses
|
|
—
|
—
|
$18.4m
|
$15.1m
|
$26.5m
|
$42.3m
|
$46.9m
|
$55.2m
|
|
Other expense
|
|
—
|
—
|
($110k)
|
$1.4m
|
$3.4m
|
$5.8m
|
$6.9m
|
$8.5m
|
|
Income (loss) before tax expense
|
|
$21.4m
|
$40.0m
|
$2.0m
|
($1.3m)
|
$1.7m
|
($6.4m)
|
($8.9m)
|
$11.2m
|
|
General and administrative expenses
|
|
$37.1m
|
$36.9m
|
$24.4m
|
$35.4m
|
$29.9m
|
$56.8m
|
$54.6m
|
$50.3m
|
|
Interest expense, net
|
|
$8.6m
|
$21.6m
|
$18.7m
|
$19.0m
|
$24.5m
|
$36.9m
|
$59.3m
|
$58.9m
|
|
Current income tax expense (benefit)
|
|
$0
|
$13k
|
$0
|
$1.0m
|
$1.6m
|
$6.8m
|
($3.3m)
|
$8.0m
|
|
Deferred income tax expense
|
|
$6.1m
|
$2.8m
|
$11.3m
|
$8.3m
|
$15.4m
|
$16.0m
|
$19.2m
|
$14.7m
|
|
Project costs
|
|
$152.9m
|
$277.6m
|
$140.3m
|
$223.5m
|
—
|
—
|
—
|
—
|
|
Equipment costs
|
|
$129.7m
|
$243.4m
|
$177.1m
|
$232.2m
|
—
|
—
|
—
|
—
|
|
Total contract costs
|
|
—
|
—
|
$66.5m
|
$74.5m
|
$126.6m
|
$170.2m
|
$203.8m
|
$228.5m
|