XML 35 R44.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business Acquisition - Pro Forma Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Business Acquisition [Line Items]        
Contract revenues $ 137,061 $ 106,976 $ 304,607 $ 278,485
Costs of contract revenues 128,783 94,070 281,848 252,060
Gross profit 8,278 12,906 22,759 26,425
Selling, general and administrative expenses 14,496 7,859 31,982 23,953
(Loss) income from operations (6,218) 5,047 (9,223) 2,472
(Loss) gain from sale of assets, net (2,107) (12) (2,007) 165
Other income 190 1 190 467
Interest expense (943) (198) (1,433) (523)
Interest income 13 0 30 12
Other (expense) income, net (2,847) (209) (3,220) 121
(Loss) income before income taxes (9,065) 4,838 (12,443) 2,593
Income tax (benefit) expense (1,669) 1,876 (2,945) 1,006
Net (loss) income attributable to Orion common stockholders $ (7,396) $ 2,962 $ (9,498) $ 1,587
Basic (loss) income per share (in dollars per share) $ (0.27) $ 0.11 $ (0.35) $ 0.06
Diluted (loss) income per share (in dollars per share) $ (0.27) $ 0.11 $ (0.35) $ 0.06
Basic (shares) 27,243,128 27,468,240 27,397,342 27,430,162
Diluted (shares) 27,243,128 27,802,734 27,397,342 27,809,208
Business Acquisition, Pro Forma Information [Abstract]        
Business acquisition, pro forma revenue     $ 440,646 $ 449,027
Business acquisition, pro forma cost of contract revenue     394,520 396,309
Business acquisition, pro forma gross profit     46,126 52,718
Business acquisition, pro forma selling, general and administrative     44,322 36,262
Business acquisition, pro forma operating income (loss)     1,804 16,456
Business acquisition, pro forma gain (loss) on disposition of assets     (1,515) 194
Business acquisition, pro forma non-operating income (expense)     1,980 1,204
Business acquisition, pro forma interest expense     (1,892) (776)
Business acquisition, pro forma interest income, deposits with financial institutions     30 288
Business acquisition, pro forma other nonoperating income (expense)     (1,397) 910
Business acquisition, pro forma income (loss) from continuing operations before income taxes, extraordinary items, noncontrolling interest     407 17,366
Business acquisition, pro forma income tax expense (benefit)     (2,945) 1,006
Business acquisition, pro forma net income (loss)     $ (2,538) $ 16,360
Business acquisition, pro forma earnings per share, basic (USD per share)     $ (0.09) $ 0.60
Business acquisition, pro forma earnings per share, diluted (USD per share)     $ (0.09) $ 0.59
Business acquisition, pro forma weighted average number of shares outstanding, basic (shares)     27,397,342 27,430,162
Business acquisition, pro forma weighted average number of shares, diluted (shares)     27,600,056 27,809,208
Acquisition-related Costs        
Business Acquisition [Line Items]        
Contract revenues     $ 0 $ 0
Costs of contract revenues     0 0
Gross profit     0 0
Selling, general and administrative expenses     0 0
(Loss) income from operations     0 0
(Loss) gain from sale of assets, net     0 0
Other income     0 0
Interest expense     0 0
Other (expense) income, net     0 0
(Loss) income before income taxes     0 0
Income tax (benefit) expense     0 0
Net (loss) income attributable to Orion common stockholders     $ 0 $ 0
Basic (loss) income per share (in dollars per share)     $ 0.00 $ 0.00
Diluted (loss) income per share (in dollars per share)     $ 0.00 $ 0.00
Basic (shares)     0 0
Diluted (shares)     0 0
Orion Marine Group, Inc.        
Business Acquisition [Line Items]        
Contract revenues     $ 257,614 $ 278,485
Costs of contract revenues     241,653 252,060
Gross profit     15,961 26,425
Selling, general and administrative expenses     27,550 23,953
(Loss) income from operations     (11,589) 2,472
(Loss) gain from sale of assets, net     (2,062) 165
Other income     1,253 467
Interest expense     (1,433) (523)
Interest income     30 12
Other (expense) income, net     (2,212) 121
(Loss) income before income taxes     (13,801) 2,593
Income tax (benefit) expense     (2,945) 1,006
Net (loss) income attributable to Orion common stockholders     $ (10,856) $ 1,587
Basic (loss) income per share (in dollars per share)     $ (0.40) $ 0.06
Diluted (loss) income per share (in dollars per share)     $ (0.40) $ 0.06
Basic (shares)     27,397,342 27,430,162
Diluted (shares)     27,397,342 27,809,208
TAS Commercial Concrete        
Business Acquisition [Line Items]        
Contract revenues     $ 183,032 $ 170,542
Costs of contract revenues     152,867 144,249
Gross profit     30,165 26,293
Selling, general and administrative expenses     16,772 12,309
(Loss) income from operations     13,393 13,984
(Loss) gain from sale of assets, net     547 29
Other income     727 737
Interest expense     (459) (253)
Interest income     0 276
Other (expense) income, net     815 789
(Loss) income before income taxes     14,208 14,773
Income tax (benefit) expense     0 0
Net (loss) income attributable to Orion common stockholders     $ 14,208 $ 14,773
Basic (loss) income per share (in dollars per share)     $ 0.00 $ 0.00
Diluted (loss) income per share (in dollars per share)     $ 0.00 $ 0.00
Basic (shares)     0 0
Diluted (shares)     0 0
Consolidated Entities        
Business Acquisition [Line Items]        
Contract revenues     $ 440,646 $ 449,027
Costs of contract revenues     394,520 396,309
Gross profit     46,126 52,718
Selling, general and administrative expenses     44,322 36,262
(Loss) income from operations     1,804 16,456
(Loss) gain from sale of assets, net     (1,515) 194
Other income     1,980 1,204
Interest expense     (1,892) (776)
Interest income     30 288
Other (expense) income, net     (1,397) 910
(Loss) income before income taxes     407 17,366
Income tax (benefit) expense     (2,945) 1,006
Net (loss) income attributable to Orion common stockholders     $ (2,538) $ 16,360
Basic (loss) income per share (in dollars per share)     $ (0.09) $ 0.60
Diluted (loss) income per share (in dollars per share)     $ (0.09) $ 0.59
Basic (shares)     27,397,342 27,430,162
Diluted (shares)     27,600,056 27,809,208