Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.8.0.1
Business Segment Information
 3 Months Ended
Mar. 31, 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 months ended March 31, 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 March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
74,691

 
$
47,785

 
$
8,904

 
$
18,117

 
$
17,913

 
$
167,410

Interest income
1

 
20

 
—

 
35

 
—

 
56

Interest expense
1,191

 
241

 
484

 
1,081

 
—

 
2,997

Depreciation and amortization of intangible assets
1,330

 
672

 
289

 
4,064

 
379

 
6,734

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(6,869
)
Income (loss) before taxes, excluding unallocated corporate activity
4,618

 
5,817

 
(2,362
)
 
2,610

 
912

 
11,595

Three Months Ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Revenues
44,489

 
47,924

 
9,501

 
15,646

 
17,050

 
134,610

Interest income
1

 
6

 
1

 
11

 
—

 
19

Interest expense
365

 
267

 
447

 
757

 
12

 
1,848

Depreciation and amortization of intangible assets
519

 
653

 
289

 
3,808

 
478

 
5,747

Unallocated corporate activity
—

 
—

 
—

 
—

 
—

 
(6,886
)
Income (loss) before taxes, excluding unallocated corporate activity
(2,500
)
 
5,445

 
(513
)
 
1,168

 
897

 
4,497