Company Background and Basis of Presentation

12 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Company Background and Basis of Presentation

Company Background and Basis of Presentation

TRC Companies, Inc., through its subsidiaries (collectively, the "Company"), provides integrated engineering, consulting, and construction management services. Its project teams help its commercial and governmental clients implement environmental, energy, infrastructure and pipeline projects from initial concept to delivery and operation. The Company provides its services almost entirely in the United States of America.

The consolidated financial statements include all the accounts of TRC Companies, Inc., its wholly-owned subsidiaries and subsidiaries in which it holds, directly or indirectly, more than 50% of the voting rights or where it exercises control (see Note 11). All intercompany balances and transactions have been eliminated in consolidation.

Certain prior year amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations. In the second quarter of fiscal 2016, the Company concluded that it was appropriate to separately present intangible assets and intangible asset amortization on its consolidated balance sheets and consolidated statements of operations, respectively. Previously, intangible assets were classified as other assets on the consolidated balance sheets whereas intangible asset amortization was classified as depreciation and amortization on the consolidated statements of operations. Additionally, as further described below the Company has reclassified its presentation of deferred tax assets in accordance with an Accounting Standards Update.