| 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 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 landfill gas, heat or cooling produced from renewable sources of energy from small-scale plants that the Company owns. The “All Other” category offers enterprise energy management services, consulting services and the sale and installation of solar-PV energy products and systems. These segments do not include results of other activities, such as corporate operating expenses not specifically allocated to the segments.
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:
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U.S. Regions |
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U.S. Federal |
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Canada |
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Small-Scale Infrastructure |
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All Other |
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Total Consolidated |
Three Months Ended September 30, 2015 |
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Revenues |
$ |
105,163 |
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$ |
35,491 |
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$ |
12,931 |
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$ |
14,681 |
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$ |
20,876 |
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$ |
189,142 |
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Interest expense |
— |
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— |
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369 |
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|
990 |
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— |
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|
1,359 |
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Depreciation and amortization of intangible assets |
223 |
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299 |
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|
278 |
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3,678 |
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1,023 |
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|
5,501 |
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Unallocated corporate activity |
— |
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— |
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— |
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— |
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— |
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(6,243 |
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Income (loss) before taxes, excluding unallocated corporate activity |
9,955 |
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4,331 |
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(1,660 |
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2,992 |
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(1,854 |
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13,764 |
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Three Months Ended September 30, 2014 |
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Revenues |
79,217 |
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27,600 |
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21,776 |
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13,954 |
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26,344 |
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168,891 |
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Interest income |
— |
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— |
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— |
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11 |
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1 |
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12 |
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Interest expense |
— |
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— |
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|
355 |
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|
1,006 |
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— |
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|
1,361 |
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Depreciation and amortization of intangible assets |
330 |
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|
315 |
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|
390 |
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3,204 |
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1,213 |
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5,452 |
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Unallocated corporate activity |
— |
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— |
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— |
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— |
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— |
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(6,844 |
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Income (loss) before taxes, excluding unallocated corporate activity |
7,468 |
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4,953 |
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(289 |
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1,372 |
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99 |
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13,603 |
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Nine Months Ended September 30, 2015 |
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Revenues |
225,643 |
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90,071 |
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37,663 |
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42,059 |
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61,628 |
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457,064 |
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Interest income |
— |
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— |
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3 |
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159 |
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— |
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162 |
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Interest expense |
— |
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— |
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980 |
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2,914 |
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— |
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3,894 |
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Depreciation and amortization of intangible assets |
715 |
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|
907 |
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|
803 |
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10,469 |
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3,053 |
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15,947 |
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Unallocated corporate activity |
— |
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— |
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— |
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— |
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— |
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(19,644 |
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Income (loss) before taxes, excluding unallocated corporate activity |
17,203 |
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12,633 |
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(7,238 |
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6,619 |
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(5,405 |
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23,812 |
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Nine Months Ended September 30, 2014 |
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Revenues |
180,863 |
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66,257 |
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57,843 |
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39,309 |
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67,908 |
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|
412,180 |
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Interest income |
— |
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— |
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1 |
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34 |
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1 |
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36 |
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Interest expense |
— |
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— |
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1,025 |
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2,283 |
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— |
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3,308 |
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Depreciation and amortization of intangible assets |
977 |
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|
879 |
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1,210 |
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9,451 |
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2,948 |
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15,465 |
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Unallocated corporate activity |
— |
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— |
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— |
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— |
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— |
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(21,847 |
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Income (loss) before taxes, excluding unallocated corporate activity |
$ |
12,746 |
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$ |
8,542 |
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$ |
(3,336 |
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$ |
5,187 |
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$ |
(64 |
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$ |
23,075 |
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