Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.20.2
Business Segment Information
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATIONThe 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 September 30, 2020
Revenues $ 92,944  $ 118,303  $ 12,263  $ 28,251  $ 30,746  $ 282,507 
Interest income 32  2  —  —  —  34 
Interest expense 892  340  992  1,510  34  3,768 
Depreciation and amortization of intangible assets 3,239  995  402  5,013  426  10,075 
Unallocated corporate activity —  —  —  —  —  (9,361)
Income before taxes, excluding unallocated corporate activity 7,225  16,121  446  2,391  3,967  30,150 
Three Months Ended September 30, 2019
Revenues $ 84,079  $ 71,258  $ 12,665  $ 21,875  $ 22,149  $ 212,026 
Interest income 69  92  —  21  —  182 
Interest expense 1,548  209  179  1,213  —  3,149 
Depreciation and amortization of intangible assets 2,538  901  396  5,149  429  9,413 
Unallocated corporate activity —  —  —  —  —  (8,482)
Income before taxes, excluding unallocated corporate activity 3,350  10,967  1,577  977  881  17,752 
Nine Months Ended September 30, 2020
Revenues $ 266,373  $ 271,539  $ 32,690  $ 74,104  $ 73,250  $ 717,956 
Interest income 102  76  —  16  —  194 
Interest expense 4,563  1,431  1,329  3,683  67  11,073 
Depreciation and amortization of intangible assets 9,002  2,953  1,174  15,720  1,231  30,080 
Unallocated corporate activity —  —  —  —  —  (30,104)
Income before taxes, excluding unallocated corporate activity 15,960  33,162  741  6,964  7,035  63,862 
Nine Months Ended September 30, 2019
Revenues $ 227,896  $ 169,337  $ 27,696  $ 66,370  $ 69,022  $ 560,321 
Interest income 132  160  —  65  39  396 
Interest expense 4,118  627  517  4,075  —  9,337 
Depreciation and amortization of intangible assets 7,184  2,524  986  16,051  1,153  27,898 
Unallocated corporate activity —  —  —  —  —  (25,331)
Income before taxes, excluding unallocated corporate activity 5,530  26,631  1,529  5,758  7,592  47,040