Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.20.2
Business Segment Information
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATIONThe Company reports results under ASC 280, Segment Reporting. The Company’s reportable segments are U.S. Regions, U.S. Federal, Canada and Non-Solar Distributed Generation (“DG”). 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 operation of a facility’s energy infrastructure, renewable energy solutions and services, which include the construction of small-scale plants that the company owns or develops for customers that produce electricity, gas, heat or cooling from renewable sources of energy and O&M services. The Company’s Non-Solar DG segment sells electricity, processed renewable gas fuel, heat or cooling, produced from renewable sources of energy, other
than solar, and generated by small-scale plants that the Company owns and O&M services for customer owned small-scale plants. The “All Other” category offers enterprise energy management services, consulting services and the sale 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 reports of the Company’s chief operating decision maker do not include assets at the operating segment level. The accounting policies are the same as those described in the summary of significant accounting policies in Note 2 included in the Company’s annual report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission on March 4, 2020.
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   Non-Solar DG   All Other   Total Consolidated
Three Months Ended June 30, 2020
Revenues $ 88,702    $ 84,491    $ 9,035    $ 23,129    $ 17,679    $ 223,036   
Interest income 34    34    —    2    —    70   
Interest expense 2,190    345    165    1,128    18    3,846   
Depreciation and amortization of intangible assets 3,000    941    381    5,420    429    10,171   
Unallocated corporate activity —    —    —    —    —    (10,397)  
Income before taxes, excluding unallocated corporate activity 5,012    9,945    516    2,904    856    19,233   
Three Months Ended June 30, 2019
Revenues $ 88,220    $ 55,022    $ 7,883    $ 23,265    $ 23,793    $ 198,183   
Interest income —    19    —    23    39    81   
Interest expense 1,713    208    174    1,285    —    3,380   
Depreciation and amortization of intangible assets 2,464    806    315    5,686    376    9,647   
Unallocated corporate activity —    —    —    —    —    (8,841)  
Income before taxes, excluding unallocated corporate activity 2,458    10,043    241    3,400    2,010    18,152   
Six Months Ended June 30, 2020
Revenues $ 173,429    $ 153,236    $ 20,427    $ 45,853    $ 42,504    $ 435,449   
Interest income 70    74    —    16    —    160   
Interest expense 3,671    1,091    337    2,173    33    7,305   
Depreciation and amortization of intangible assets 5,763    1,958    772    10,707    805    20,005   
Unallocated corporate activity —    —    —    —    —    (20,741)  
Income before taxes, excluding unallocated corporate activity 8,735    17,039    295    4,573    3,068    33,710   
Six Months Ended June 30, 2019
Revenues $ 143,817    $ 98,079    $ 15,031    $ 44,495    $ 46,873    $ 348,295   
Interest income 63    68    —    44    39    214   
Interest expense 2,570    418    338    2,862    —    6,188   
Depreciation and amortization of intangible assets 4,646    1,623    590    10,902    724    18,485   
Unallocated corporate activity —    —    —    —    —    (16,849)  
Income (loss) before taxes, excluding unallocated corporate activity 2,180    15,664    (48)   4,781    6,711    29,288