Annual report pursuant to Section 13 and 15(d)

Business Segment Information

v3.3.1.900
Business Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Business Segment Information
GEOGRAPHIC INFORMATION
The Company attributes revenues to customers based on the location of the customer. Information as to the Company’s operations in different geographical areas is as follows:
 
December 31,
 
2015
 
2014
Long-lived assets:
 

 
 

United States
$
235,298

 
$
207,858

Canada
14,233

 
17,145

Other
106

 
141

 Total long-lived assets
$
249,637

 
$
225,144

 
Year Ended December 31,
 
2015
 
2014
 
2013
Revenues:
 

 
 
 
 
United States
$
567,815

 
$
509,200

 
$
501,558

Canada
48,968

 
70,069

 
68,797

Other
14,049

 
13,972

 
3,816

 Total revenues
$
630,832

 
$
593,241

 
$
574,171

BUSINESS SEGMENT INFORMATION
The Company reports results under ASC 280, Segment Reporting. The Company’s reportable segments for the year ended December 31, 2015 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 operation 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 LFG, 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 Company’s Small-Scale Infrastructure segment also now includes certain small-scale plants developed for customers previously included in our U.S. Regions segment. Previously reported amounts have been restated for comparative purposes.The “All Other” category offers enterprise energy management services, consulting services and the sale of solar PV energy products and systems (“integrated-PV”). These segments do not include results of other activities, such as corporate operating expenses not specifically allocated to the segments. For the years ended December 31, 2015, 2014 and 2013 unallocated corporate expenses were $25,671, $27,621 and $25,792, respectively. The accounting policies are the same as those described in the summary of significant accounting policies. See Note 2.
For the years ended December 31, 2015, 2014 and 2013 more than 80% of the Company’s revenues have been derived from federal, state, provincial or local government entities, including public housing authorities and public universities. The U.S. federal government, which is considered a single customer for reporting purposes, constituted 20.2%, 17.9% and 13.3% of the Company’s consolidated revenues for the years ended December 31, 2015, 2014 and 2013, respectively. Revenues from the U.S. federal government are included in the Company’s U.S. Federal segment.
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 consolidated financial statements is as follows:
 
U.S. Regions
 
U.S. Federal
 
Canada
 
Small-Scale Infrastructure
 
All Other
 
Total Consolidated
2015
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
301,371

 
$
127,620

 
$
49,235

 
$
66,322

 
$
86,284

 
$
630,832

Interest income
—

 
—

 
1,154

 
175

 
—

 
1,329

Interest expense
—

 
—

 
1,338

 
3,912

 
—

 
5,250

Depreciation and intangible asset amortization
838

 
1,209

 
1,081

 
14,316

 
4,078

 
21,522

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(25,671
)
Income (loss) before taxes
24,800

 
16,676

 
(15,449
)
 
8,613

 
(8,677
)
 
25,963

2014
 
 
 
 
 
 
 
 
 
 
 
Revenues
263,451

 
106,192

 
70,492

 
58,286

 
94,820

 
593,241

Interest income
—

 
—

 
1

 
43

 
1

 
45

Interest expense
—

 
—

 
1,369

 
3,188

 
—

 
4,557

Depreciation and intangible asset amortization
1,352

 
1,178

 
1,288

 
12,892

 
4,199

 
20,909

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(27,621
)
Income (loss) before taxes
24,849

 
14,035

 
(7,838
)
 
3,191

 
(324
)
 
33,913

2013
 
 
 
 
 
 
 
 
 
 
 
Revenues
250,963

 
76,192

 
68,812

 
99,355

 
78,849

 
574,171

Interest income
—

 
—

 
46

 
65

 
2

 
113

Interest expense
—

 
—

 
1,367

 
2,045

 
—

 
3,412

Depreciation and intangible asset amortization
2,058

 
1,060

 
1,687

 
10,512

 
3,119

 
18,436

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(25,792
)
Income (loss) before taxes
13,566

 
9,553

 
(3,319
)
 
9,661

 
(910
)
 
28,551


Information as to the Company’s revenues by service and product lines is as follows:
 
Year Ended December 31,
 
2015
 
2014
 
2013
Revenues:
 
 
 
 
 
Project(1)
$
434,380

 
$
388,327

 
$
388,142

Operating Assets(2)
55,130

 
52,168

 
42,265

O&M(3)
59,117

 
57,177

 
55,644

Integrated-PV(4)
40,070

 
52,508

 
48,869

Other Services
42,135

 
43,061

 
39,251

Total Revenues
$
630,832

 
$
593,241

 
$
574,171

(1) Project revenues consists of services related to the design, engineering and installation of, and the arranging of financing for, equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure. Project revenues also include the construction for customers of small-scale plants that produce electricity, gas, heat or cooling from renewable sources of energy.
(2) Operating Assets revenues includes the sale of electricity, processed LFG, heat or cooling from plants that the Company owns.
(3) O&M revenues includes operations and maintenance services for customers as well as measurement and verification services related to our ESPCs.
(4) Integrated-PV revenues includes the sale of solar PV energy products and systems.