Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.10.0.1
Business Segment Information
 9 Months Ended
Sep. 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 nine months ended September 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 September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
86,402

 
$
62,378

 
$
11,604

 
$
22,138

 
$
22,853

 
$
205,375

Interest income
2

 
36

 
—

 
38

 
—

 
76

Interest expense
1,403

 
225

 
480

 
1,681

 
(13
)
 
3,776

Depreciation and amortization of intangible assets
1,341

 
671

 
294

 
4,530

 
378

 
7,214

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(8,648
)
Income before taxes, excluding unallocated corporate activity
5,256

 
10,969

 
664

 
3,851

 
1,959

 
22,699

Three Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
82,633

 
$
63,873


$
14,719

 
$
22,847

 
$
20,672

 
$
204,744

Interest income
1

 
14

 
—

 
26

 
—

 
41

Interest expense
856

 
292

 
512

 
1,118

 
13

 
2,791

Depreciation and amortization of intangible assets
867

 
644

 
303

 
3,875

 
497

 
6,186

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(6,839
)
Income before taxes, excluding unallocated corporate activity
6,432

 
8,753

 
1,537

 
1,798

 
991

 
19,511

Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
249,871

 
$
168,377

 
$
28,466

 
$
60,176

 
$
62,877

 
$
569,767

Interest income
5

 
84

 
—

 
120

 
—

 
209

Interest expense
3,911

 
771

 
1,464

 
4,575

 
—

 
10,721

Depreciation and amortization of intangible assets
4,048

 
2,004

 
873

 
12,942

 
1,134

 
21,001

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(23,268
)
Income (loss) before taxes, excluding unallocated corporate activity
14,606

 
26,864

 
(1,983
)
 
8,796

 
3,771

 
52,054

Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
191,956

 
$
170,903

 
$
33,211

 
$
53,703

 
$
56,246

 
$
506,019

Interest income
2

 
29

 
1

 
55

 
—

 
87

Interest expense
1,950

 
888

 
1,465

 
3,214

 
38

 
7,555

Depreciation and amortization of intangible assets
1,940

 
1,951

 
878

 
11,416

 
1,407

 
17,592

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(20,931
)
Income before taxes, excluding unallocated corporate activity
7,388

 
23,079

 
1,638

 
3,825

 
2,304

 
38,234