Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.8.0.1
Business Segment Information
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Business Segment Information
BUSINESS SEGMENT INFORMATION
The Company reports results under ASC 280, Segment Reporting. The Company’s reportable segments are U.S. Regions, U.S. Federal, Canada and Small-Scale Infrastructure. The Company’s U.S. Regions, U.S. Federal and Canada segments offer energy efficiency products and services, which include the design, engineering and installation of equipment and other measures to improve the efficiency and control the operations of a facility’s energy infrastructure; renewable energy solutions and services, which include the construction of small-scale plants for customers that produce electricity, gas, heat or cooling from renewable sources of energy and O&M services. The Company’s Small-Scale Infrastructure segment sells electricity, processed landfill gas, heat or cooling, produced from renewable sources of energy, from small-scale plants that the Company owns and the construction of small-scale plants for customers. The “All Other” category offers enterprise energy management services, consulting services and the sale and installation of solar-PV energy products and systems which we refer to as integrated-PV. These segments do not include results of other activities, such as corporate operating expenses not specifically allocated to the segments. Certain reportable segments are an aggregation of operating segments. The accounting policies are the same as those described in the summary of significant accounting policies in Note 2. During the three and nine months ended September 30, 2016, the Company included in unallocated corporate activity $2,194 and $3,195, respectively, as a reserve for a customer who declared bankruptcy. During the three months ended June 30, 2016, the Company also reserved for certain assets in its Canada segment totaling $1,934 due to collectability concerns as a result of its previously disclosed restructuring efforts.
The reports of the Company’s chief operating decision maker do not include assets at the operating segment level.
An analysis of the Company’s business segment information and reconciliation to the condensed consolidated financial statements is as follows:
 
U.S. Regions
 
U.S. Federal
 
Canada
 
Small-Scale Infrastructure
 
All Other
 
Total Consolidated
Three Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
78,185

 
$
63,873

 
$
14,719

 
$
27,295

 
$
20,672

 
$
204,744

Interest income
—

 
14

 
—

 
26

 
—

 
40

Interest expense
—

 
262

 
500

 
1,673

 
13

 
2,448

Depreciation and amortization of intangible assets
105

 
644

 
303

 
4,636

 
497

 
6,185

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(6,839
)
Income before taxes, excluding unallocated corporate activity
4,411

 
8,753

 
1,537

 
3,819

 
991

 
19,511

Three Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Revenues
83,652

 
46,498

 
12,018

 
21,790

 
16,640

 
180,598

Interest income
—

 
2

 
—

 
10

 
—

 
12

Interest expense
—

 
278

 
493

 
1,116

 
—

 
1,887

Depreciation and amortization of intangible assets
116

 
686

 
288

 
4,063

 
649

 
5,802

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(10,478
)
Income (loss) before taxes, excluding unallocated corporate activity
7,918

 
5,338

 
(154
)
 
5,312

 
(261
)
 
18,153

Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenues
180,770

 
170,903

 
33,211

 
64,889

 
56,246

 
506,019

Interest income
—

 
29

 
1

 
56

 
—

 
86

Interest expense
—

 
795

 
1,434

 
4,300

 
38

 
6,567

Depreciation and amortization of intangible assets
246

 
1,951

 
878

 
13,109

 
1,407

 
17,591

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(20,931
)
Income before taxes, excluding unallocated corporate activity
4,242

 
23,079

 
1,638

 
6,971

 
2,304

 
38,234

Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Revenues
195,856

 
128,266

 
40,023

 
61,543

 
51,314

 
477,002

Interest income
—

 
7

 
—

 
29

 
—

 
36

Interest expense
—

 
666

 
1,243

 
3,212

 
—

 
5,121

Depreciation and amortization of intangible assets
390

 
1,913

 
788

 
11,663

 
1,997

 
16,751

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(25,044
)
Income (loss) before taxes, excluding unallocated corporate activity
$
12,732

 
$
16,303

 
$
(1,457
)
 
$
9,923

 
$
(971
)
 
$
36,530