2014 Q2 Form 10-Q Financial Statement
#000110465914056959 Filed on August 05, 2014
Income Statement
Concept | 2014 Q2 | 2013 Q4 | 2013 Q2 |
---|---|---|---|
Revenue | $1.085B | $1.099B | $1.053B |
YoY Change | 2.98% | -1.34% | 6.88% |
Cost Of Revenue | $955.0M | $959.6M | $947.1M |
YoY Change | 0.83% | -2.84% | 5.44% |
Gross Profit | $129.5M | $139.7M | $106.0M |
YoY Change | 22.25% | 10.51% | 21.7% |
Gross Profit Margin | 11.94% | 12.71% | 10.06% |
Selling, General & Admin | $64.10M | $69.60M | $66.50M |
YoY Change | -3.61% | 5.94% | 2.78% |
% of Gross Profit | 49.49% | 49.81% | 62.76% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $15.40M | $17.60M | $13.80M |
YoY Change | 11.59% | 18.92% | -15.34% |
% of Gross Profit | 11.89% | 12.6% | 13.02% |
Operating Expenses | $64.10M | $69.50M | $66.50M |
YoY Change | -3.61% | 5.62% | -84.93% |
Operating Profit | $65.44M | $70.18M | $39.47M |
YoY Change | 65.79% | 15.56% | -111.15% |
Interest Expense | $10.86M | -$11.60M | $11.08M |
YoY Change | -2.04% | 0.87% | 4.53% |
% of Operating Profit | 16.59% | -16.53% | 28.08% |
Other Income/Expense, Net | -$6.974M | -$5.000M | -$3.234M |
YoY Change | 115.65% | 316.67% | -398.89% |
Pretax Income | $47.61M | $53.51M | $25.16M |
YoY Change | 89.26% | 11.25% | -106.92% |
Income Tax | $19.07M | $20.20M | $9.679M |
% Of Pretax Income | 40.05% | 37.75% | 38.47% |
Net Earnings | $28.55M | $33.26M | $15.48M |
YoY Change | 84.42% | -20.12% | -104.44% |
Net Earnings / Revenue | 2.63% | 3.03% | 1.47% |
Basic Earnings Per Share | $0.59 | $0.69 | $0.32 |
Diluted Earnings Per Share | $0.58 | $0.68 | $0.32 |
COMMON SHARES | |||
Basic Shares Outstanding | 48.54M shares | 48.12M shares | 47.68M shares |
Diluted Shares Outstanding | 49.05M shares | 48.60M shares |
Balance Sheet
Concept | 2014 Q2 | 2013 Q4 | 2013 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $139.9M | $119.9M | $142.7M |
YoY Change | -1.96% | -28.67% | -23.03% |
Cash & Equivalents | $139.9M | $119.9M | $142.7M |
Short-Term Investments | |||
Other Short-Term Assets | $52.42M | $50.67M | $53.81M |
YoY Change | -2.59% | -32.79% | -62.45% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $2.115B | $1.865B | $1.894B |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.358B | $2.086B | $2.147B |
YoY Change | 9.8% | 5.25% | 12.88% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $529.5M | $498.1M | $491.5M |
YoY Change | 7.75% | 2.69% | 0.61% |
Goodwill | $577.8M | $570.6M | |
YoY Change | -45.79% | ||
Intangibles | $106.4M | $113.7M | $120.3M |
YoY Change | -11.54% | -10.31% | |
Long-Term Investments | $0.00 | $46.30M | $46.30M |
YoY Change | -100.0% | 0.0% | 0.0% |
Other Assets | $75.69M | $75.61M | $81.43M |
YoY Change | -7.06% | -11.79% | 132.0% |
Total Long-Term Assets | $1.297B | $1.312B | $1.310B |
YoY Change | -1.03% | -0.23% | 2.82% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.358B | $2.086B | $2.147B |
Total Long-Term Assets | $1.297B | $1.312B | $1.310B |
Total Assets | $3.655B | $3.397B | $3.457B |
YoY Change | 5.7% | 3.06% | 8.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $849.6M | $758.2M | $760.5M |
YoY Change | 11.72% | 8.87% | 9.76% |
Accrued Expenses | $136.8M | $158.0M | $180.5M |
YoY Change | -24.24% | -6.12% | -5.03% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $68.23M | $114.7M | $108.1M |
YoY Change | -36.9% | 69.34% | 66.36% |
Total Short-Term Liabilities | $1.354B | $1.298B | $1.356B |
YoY Change | -0.12% | 5.2% | 3.42% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $761.0M | $619.2M | $675.6M |
YoY Change | 12.64% | -7.49% | 8.05% |
Other Long-Term Liabilities | $122.5M | $117.9M | $135.5M |
YoY Change | -9.62% | -15.21% | 8.32% |
Total Long-Term Liabilities | $883.5M | $737.1M | $811.1M |
YoY Change | 8.92% | -8.82% | 8.1% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.354B | $1.298B | $1.356B |
Total Long-Term Liabilities | $883.5M | $737.1M | $811.1M |
Total Liabilities | $2.353B | $2.150B | $2.277B |
YoY Change | 3.36% | -0.12% | 7.38% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $269.1M | $224.6M | $167.6M |
YoY Change | 60.58% | 63.59% | |
Common Stock | $1.065B | $1.056B | $1.057B |
YoY Change | 0.8% | 0.59% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.301B | $1.248B | $1.181B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.655B | $3.397B | $3.457B |
YoY Change | 5.7% | 3.06% | 8.84% |
Cashflow Statement
Concept | 2014 Q2 | 2013 Q4 | 2013 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $28.55M | $33.26M | $15.48M |
YoY Change | 84.42% | -20.12% | -104.44% |
Depreciation, Depletion And Amortization | $15.40M | $17.60M | $13.80M |
YoY Change | 11.59% | 18.92% | -15.34% |
Cash From Operating Activities | -$20.30M | $61.80M | $45.90M |
YoY Change | -144.23% | -254.5% | -765.22% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$18.30M | -$2.600M | -$15.90M |
YoY Change | 15.09% | -66.23% | 41.96% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $45.70M | $5.000M | $400.0K |
YoY Change | 11325.0% | -88.89% | |
Cash From Investing Activities | $27.20M | $2.400M | -$15.60M |
YoY Change | -274.36% | -131.17% | 108.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -200.0K | -72.20M | -19.90M |
YoY Change | -98.99% | -306.88% | -313.98% |
NET CHANGE | |||
Cash From Operating Activities | -20.30M | 61.80M | 45.90M |
Cash From Investing Activities | 27.20M | 2.400M | -15.60M |
Cash From Financing Activities | -200.0K | -72.20M | -19.90M |
Net Change In Cash | 6.700M | -8.000M | 10.40M |
YoY Change | -35.58% | -37.5% | -303.92% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$20.30M | $61.80M | $45.90M |
Capital Expenditures | -$18.30M | -$2.600M | -$15.90M |
Free Cash Flow | -$2.000M | $64.40M | $61.80M |
YoY Change | -103.24% | -299.38% | 1337.21% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
42594000 | USD |
CY2014Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
42627000 | USD |
CY2013Q4 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
204276000 | USD |
CY2013Q4 | us-gaap |
Unapproved Change Orders Amount
UnapprovedChangeOrdersAmount
|
146787000 | USD |
CY2013Q4 | us-gaap |
Contracts Receivable Claims And Uncertain Amounts
ContractsReceivableClaimsAndUncertainAmounts
|
222185000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
8240000 | USD |
CY2014Q2 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
283516000 | USD |
CY2014Q2 | us-gaap |
Unapproved Change Orders Amount
UnapprovedChangeOrdersAmount
|
125018000 | USD |
CY2014Q2 | us-gaap |
Contracts Receivable Claims And Uncertain Amounts
ContractsReceivableClaimsAndUncertainAmounts
|
252418000 | USD |
CY2014Q2 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
|
660952000 | USD |
CY2013Q4 | tpc |
Unapproved Change Orders And Claims Subject To Pending Litigation
UnapprovedChangeOrdersAndClaimsSubjectToPendingLitigation
|
58800000 | USD |
CY2014Q2 | tpc |
Unapproved Change Orders And Claims Subject To Pending Litigation
UnapprovedChangeOrdersAndClaimsSubjectToPendingLitigation
|
20500000 | USD |
CY2013Q4 | us-gaap |
Goodwill
Goodwill
|
577756000 | USD |
CY2012Q4 | us-gaap |
Goodwill
Goodwill
|
1065741000 | USD |
CY2013Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
487985000 | USD |
CY2014Q2 | tpc |
Intangible Assets Gross
IntangibleAssetsGross
|
311456000 | USD |
CY2013Q4 | tpc |
Intangible Assets Gross
IntangibleAssetsGross
|
311456000 | USD |
CY2014Q2 | tpc |
Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
|
91986000 | USD |
CY2013Q4 | tpc |
Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
|
84649000 | USD |
CY2014Q2 | tpc |
Intangible Assets Accumulated Impairment Value
IntangibleAssetsAccumulatedImpairmentValue
|
113067000 | USD |
CY2013Q4 | tpc |
Intangible Assets Accumulated Impairment Value
IntangibleAssetsAccumulatedImpairmentValue
|
113067000 | USD |
CY2014Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
106403000 | USD |
CY2014Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3700000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7300000 | USD | |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
6100000 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
3700000 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
3500000 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
3500000 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
3500000 | USD |
CY2014Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
35500000 | USD |
CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
19067000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30421000 | USD | |
CY2013Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9679000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
18795000 | USD | |
CY2014Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.400 | pure |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.406 | pure | |
CY2013Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.385 | pure |
us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
5600000 | USD | |
CY2014Q2 | tpc |
Unrecognized Tax Benefits Interest That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsInterestThatWouldImpactEffectiveTaxRate
|
600000 | USD |
CY2014Q2 | us-gaap |
Contracts Revenue
ContractsRevenue
|
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CY2013Q2 | us-gaap |
Contracts Revenue
ContractsRevenue
|
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us-gaap |
Contracts Revenue
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|
2039743000 | USD | |
us-gaap |
Contracts Revenue
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|
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Operating Income Loss
OperatingIncomeLoss
|
65443000 | USD |
CY2013Q2 | us-gaap |
Operating Income Loss
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|
39474000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
75553000 | USD | |
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Operating Income Loss
OperatingIncomeLoss
|
106940000 | USD | |
CY2013Q4 | us-gaap |
Assets
Assets
|
3397438000 | USD |
CY2014Q2 | us-gaap |
Assets
Assets
|
3654523000 | USD |
tpc |
Guarantors Ownership Percentage
GuarantorsOwnershipPercentage
|
1.00 | pure | |
CY2014Q2 | us-gaap |
Accounts Payable Current
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|
849628000 | USD |
CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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|
139858000 | USD |
CY2013Q4 | us-gaap |
Receivables Net Current
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|
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Costs In Excess Of Billings On Uncompleted Contracts Or Programs
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|
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CY2013Q4 | us-gaap |
Other Assets Current
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|
50669000 | USD |
CY2013Q4 | us-gaap |
Assets Current
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|
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Available For Sale Securities Debt Securities Noncurrent
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|
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Property Plant And Equipment Net
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|
498125000 | USD |
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Cash And Cash Equivalents At Carrying Value
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|
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Liabilities
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|
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CY2013Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
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CY2013Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
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CY2013Q4 | us-gaap |
Long Term Debt Current
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|
114658000 | USD |
CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
758225000 | USD |
CY2013Q4 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
267586000 | USD |
CY2013Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
158017000 | USD |
CY2013Q4 | us-gaap |
Long Term Debt Noncurrent
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|
619226000 | USD |
CY2013Q4 | us-gaap |
Liabilities Current
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|
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CY2013Q4 | us-gaap |
Deferred Tax Liabilities Gross Noncurrent
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|
114333000 | USD |
CY2013Q4 | us-gaap |
Other Liabilities Noncurrent
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|
117858000 | USD |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
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|
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CY2013Q4 | us-gaap |
Common Stock Value
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|
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|
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Deferred Tax Assets Net Current
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|
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CY2014Q2 | us-gaap |
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|
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CY2014Q2 | us-gaap |
Assets Current
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|
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Property Plant And Equipment Net
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|
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Long Term Debt Current
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|
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Billings In Excess Of Cost Current
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|
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|
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|
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|
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|
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General And Administrative Expense
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|
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|
25157000 | USD |
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Nonoperating Income Expense
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|
-3234000 | USD |
CY2013Q2 | us-gaap |
Interest Expense
InterestExpense
|
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CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
15478000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-43000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-352000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
292000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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|
-103000 | USD |
CY2013Q2 | us-gaap |
Comprehensive Income Net Of Tax
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|
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CY2014Q2 | us-gaap |
Contract Revenue Cost
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|
954979000 | USD |
CY2014Q2 | us-gaap |
Gross Profit
GrossProfit
|
129531000 | USD |
CY2014Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
64088000 | USD |
CY2014Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-6974000 | USD |
CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
10857000 | USD |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
47612000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
28545000 | USD |
CY2014Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
48572000 | USD |
CY2014Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
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CY2014Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
269059000 | USD |
CY2014Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
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|
-32987000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
590000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
99000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
|
120000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
243000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
106000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
44000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
100000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
287000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
|
258000 | USD | |
CY2014Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
347000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-7000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
76000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
416000 | USD |
CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
28961000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
39000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
113000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
101000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
358000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
3681000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
61000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
174000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
157000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
392000 | USD | |
us-gaap |
Contract Revenue Cost
ContractRevenueCost
|
1804865000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
234878000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
127938000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-10347000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
21688000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
74905000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
44484000 | USD | |
us-gaap |
Contract Revenue Cost
ContractRevenueCost
|
1839681000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
206312000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
130759000 | USD | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-4061000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
22419000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
49073000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
30278000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-229000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-251000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
460000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-20000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
27566000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4624000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-500000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
180000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
8449000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
111000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
109338000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-38570000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
28127000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2359000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
8302000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-34070000 | USD | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
421550000 | USD | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
374987000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
358000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
47262000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-25378000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
30078000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9920000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
64000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-427000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
5559000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1562000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
155187000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
26730000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1906000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
33000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
19640000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
61730000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
19935000 | USD | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
717484000 | USD | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
649282000 | USD | |
tpc |
Business Acquisition Related Payments
BusinessAcquisitionRelatedPayments
|
1260000 | USD | |
tpc |
Issuance Of Common Stock And Effect Of Cashless Exercise
IssuanceOfCommonStockAndEffectOfCashlessExercise
|
-1531000 | USD | |
CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
142678000 | USD |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
119923000 | USD |
CY2014Q2 | us-gaap |
Liabilities
Liabilities
|
2353056000 | USD |
CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2014Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1007918000 | USD |
CY2014Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
48571741 | shares |
CY2014Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2014Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
199615000 | USD |
CY2014Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2014Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
48571741 | shares |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
224575000 | USD |
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-33379000 | USD |
CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2014Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2013Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
183793000 | USD |
CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
48421467 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
48421467 | shares |
CY2014Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2014Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2014Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
47684000 | shares |
CY2013Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
914000 | shares |
CY2013Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48598000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
47622000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
934000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48556000 | shares | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.59 | |
CY2014Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.58 | |
CY2013Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.32 | |
CY2013Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.32 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.92 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.91 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.64 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.62 | ||
CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
48543000 | shares |
CY2014Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
510000 | shares |
CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
49053000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
48492000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
500000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48992000 | shares | |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
809000 | USD |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
645000 | USD | |
CY2013Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
172000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-467000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
|
477000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
182000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-163000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-289000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
|
757000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
305000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
44876000 | USD | |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
393000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
285000 | USD |
us-gaap |
Interest Paid
InterestPaid
|
21830000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
33668000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
27045000 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
4480000 | USD | |
dei |
Entity Registrant Name
EntityRegistrantName
|
TUTOR PERINI Corp | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000077543 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
325000 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
253000 | USD | |
CY2013Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
215000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-115000 | USD |
CY2013Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
185000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
66000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-38000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
297000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
30258000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
9282000 | USD | |
tpc |
Issuance Of Common Stock Net
IssuanceOfCommonStockNet
|
-226000 | USD | |
tpc |
Issuance Of Common Stock And Effect Of Cashless Exercise
IssuanceOfCommonStockAndEffectOfCashlessExercise
|
341000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
21678000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
12692000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
205000 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
3657000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-61435000 | USD | |
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-06-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
CY2014Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
48571741 | shares |
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">(1)</font></b><b><font style="FONT-SIZE: 3pt; FONT-WEIGHT: bold;" size="1">              </font></b> <b><u><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Basis of Presentation</font></u></b></p> <p style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 22.5pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The unaudited consolidated condensed financial statements presented herein include the accounts of Tutor Perini Corporation and its wholly owned subsidiaries (“Tutor Perini” or the “Company”). The Company’s interests in construction joint ventures are accounted for using the proportionate consolidation method whereby the Company’s proportionate share of each joint venture’s assets, liabilities, revenues and cost of operations are included in the appropriate classifications in the consolidated financial statements. All intercompany transactions and balances have been eliminated in consolidation.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The unaudited consolidated condensed financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by accounting principles generally accepted in the United States (“U.S. GAAP”) as codified in the Financial Accounting Standards Board’s (“FASB”) <i>Accounting Standards Codification</i>. These statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">In the opinion of management, the accompanying unaudited consolidated condensed financial statements include all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Company’s financial position as of June 30, 2014 and December 31, 2013, results of operations and comprehensive income for the three and six months ended June 30, 2014 and 2013, and cash flows for the six months ended June 30, 2014 and 2013. The results of operations for the three and six months ended June 30, 2014 are not indicative of the results that may be expected for the year ending December 31, 2014 because, among other reasons, such results can vary depending on the timing of progress achieved and changes in estimated profitability of projects being reported.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The Company considers events or transactions that occur after the balance sheet date but before the financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosures.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> </div> | ||
us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
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44497000 | USD | |
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Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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7250000 | USD | |
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Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
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-1786000 | USD | |
CY2014Q2 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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7300000 | USD |