Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.10.0.1
Business Segment Information
 6 Months Ended
Jun. 30, 2018
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 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. As of the fourth quarter of 2017, the Company’s U.S. Regions segment now includes certain small-scale solar grid-tie plants developed for customers previously included in our Non-Solar DG 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 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 2017, the Company included in unallocated corporate activity $1,001 as a reserve for a customer who declared bankruptcy. For the three and six months ended June 30, 2018, the Company has not recorded any additional reserve.
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
 
Non-Solar DG
 
All Other
 
Total Consolidated
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
88,778

 
$
58,214

 
$
7,958

 
$
19,921

 
$
22,111

 
$
196,982

Interest income
2

 
28

 
—

 
47

 
—

 
77

Interest expense
1,031

 
247

 
477

 
1,467

 
13

 
3,235

Depreciation and amortization of intangible assets
1,377

 
661

 
290

 
4,348

 
377

 
7,053

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(7,751
)
Income (loss) before taxes, excluding unallocated corporate activity
4,732

 
10,078

 
(285
)
 
2,335

 
900

 
17,760

Three Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
64,834

 
$
59,106

8,991

$
8,991

 
$
15,210

 
$
18,524

 
$
166,665

Interest income
—

 
9

 
—

 
18

 
—

 
27

Interest expense
565

 
266

 
487

 
940

 
13

 
2,271

Depreciation and amortization of intangible assets
554

 
654

 
286

 
3,733

 
432

 
5,659

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(7,206
)
Income before taxes, excluding unallocated corporate activity
3,456

 
8,881

 
614

 
859

 
416

 
14,226

Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
163,469

 
$
105,999

 
$
16,862

 
$
38,038

 
$
40,024

 
$
364,392

Interest income
3

 
48

 
—

 
82

 
—

 
133

Interest expense
2,222

 
488

 
961

 
2,548

 
13

 
6,232

Depreciation and amortization of intangible assets
2,707

 
1,333

 
579

 
8,412

 
756

 
13,787

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(14,620
)
Income (loss) before taxes, excluding unallocated corporate activity
9,350

 
15,895

 
(2,647
)
 
4,945

 
1,812

 
29,355

Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
109,323

 
$
107,030

 
$
18,492

 
$
30,856

 
$
35,574

 
$
301,275

Interest income
1

 
15

 
1

 
29

 
—

 
46

Interest expense
930

 
533

 
934

 
1,697

 
25

 
4,119

Depreciation and amortization of intangible assets
1,073

 
1,307

 
575

 
7,541

 
910

 
11,406

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(14,092
)
Income before taxes, excluding unallocated corporate activity
956

 
14,326

 
101

 
2,027

 
1,313

 
18,723