Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.20.1
Business Segment Information
 3 Months Ended
Mar. 31, 2020
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. 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 March 31, 2020
Revenues $ 84,727    $ 68,745    $ 11,392    $ 22,724    $ 24,825    $ 212,413   
Interest income 36    40    —    14    —    90   
Interest expense 1,481    746    172    1,045    15    3,459   
Depreciation and amortization of intangible assets 2,763    1,017    391    5,287    376    9,834   
Unallocated corporate activity —    —    —    —    —    (10,346)  
Income before taxes, excluding unallocated corporate activity 3,723    7,094    (221)   1,669    2,212    14,477   
Three Months Ended March 31, 2019
Revenues $ 55,597    $ 43,057    $ 7,148    $ 21,230    $ 23,080    $ 150,112   
Interest income 63    49    —    21    —    133   
Interest expense 857    210    164    1,577    —    2,808   
Depreciation and amortization of intangible assets 2,182    817    275    5,216    348    8,838   
Unallocated corporate activity —    —    —    —    —    (8,008)  
Income before taxes, excluding unallocated corporate activity (278)   5,621    (289)   1,381    4,701    11,136