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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Summary of Reconciliation Operating Income to EBITDA | Summarized financial information for the Company’s reportable segments are presented and reconciled to consolidated financial information in the following tables, including a reconciliation of consolidated operating income to EBITDA. The tables below may contain slight summation differences due to rounding:
|  | Three Months Ended September 30, 2020 (Successor) |
|  | Safety Services |  |  | Specialty Services |  |  | Industrial Services |  |  | Corporate and Eliminations |  |  | Consolidated |
Net revenues |  | $ | 404 |  |  | $ | 400 |  |  | $ | 158 |  |  | $ | (4 | ) |  | $ | 958 |
EBITDA Reconciliation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) |  | $ | (24 | ) |  | $ | 105 |  |  | $ | 17 |  |  | $ | (36 | ) |  | $ | 62 |
Plus: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income and other, net |  |  | 4 |  |  |  | 5 |  |  |  | — |  |  |  | (3 | ) |  |  | 6 |
Depreciation(1) |  |  | 2 |  |  |  | 11 |  |  |  | 6 |  |  |  | 2 |  |  |  | 21 |
Amortization(2) |  |  | 35 |  |  |  | 5 |  |  |  | (10 | ) |  |  | 1 |  |  |  | 31 |
EBITDA |  | $ | 17 |  |  | $ | 126 |  |  | $ | 13 |  |  | $ | (36 | ) |  | $ | 120 |
Total assets |  | $ | 1,702 |  |  | $ | 1,105 |  |  | $ | 341 |  |  | $ | 678 |  |  | $ | 3,826 |
Capital expenditures |  |  | — |  |  |  | 5 |  |  |  | 2 |  |  |  | — |  |  |  | 7 |
|  | Three Months Ended September 30, 2019 (Predecessor) |
|  | Safety Services |  |  | Specialty Services |  |  | Industrial Services |  |  | Corporate and Eliminations |  |  | Consolidated |
Net revenues |  | $ | 472 |  |  | $ | 407 |  |  | $ | 245 |  |  | $ | (6 | ) |  | $ | 1,118 |
EBITDA Reconciliation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) |  | $ | 56 |  |  | $ | 32 |  |  | $ | 6 |  |  | $ | (81 | ) |  | $ | 13 |
Plus: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income and other, net |  |  | — |  |  |  | 6 |  |  |  | 1 |  |  |  | 1 |  |  |  | 8 |
Depreciation |  |  | 1 |  |  |  | 10 |  |  |  | 6 |  |  |  | 2 |  |  |  | 19 |
Amortization |  |  | 1 |  |  |  | 5 |  |  |  | 2 |  |  |  | — |  |  |  | 8 |
EBITDA |  | $ | 58 |  |  | $ | 53 |  |  | $ | 15 |  |  | $ | (78 | ) |  | $ | 48 |
Total assets |  | $ | 812 |  |  | $ | 882 |  |  | $ | 394 |  |  | $ | 227 |  |  | $ | 2,315 |
Capital expenditures |  |  | — |  |  |  | 7 |  |  |  | 5 |  |  |  | 1 |  |  |  | 13 |
|  | Nine Months Ended September 30, 2020 (Successor) |
|  | Safety Services |  |  | Specialty Services |  |  | Industrial Services |  |  | Corporate and Eliminations |  |  | Consolidated |
Net revenues |  | $ | 1,199 |  |  | $ | 1,049 |  |  | $ | 468 |  |  | $ | (11 | ) |  | $ | 2,705 |
EBITDA Reconciliation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating loss |  | $ | (12 | ) |  | $ | (9 | ) |  | $ | (37 | ) |  | $ | (87 | ) |  | $ | (145 | )
Plus: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income and other, net |  |  | 9 |  |  |  | 13 |  |  |  | — |  |  |  | (2 | ) |  |  | 20 |
Depreciation(1) |  |  | 4 |  |  |  | 35 |  |  |  | 19 |  |  |  | 4 |  |  |  | 62 |
Amortization(2) |  |  | 83 |  |  |  | 41 |  |  |  | 7 |  |  |  | 3 |  |  |  | 134 |
EBITDA |  | $ | 84 |  |  | $ | 80 |  |  | $ | (11 | ) |  | $ | (82 | ) |  | $ | 71 |
Total assets |  | $ | 1,702 |  |  | $ | 1,105 |  |  | $ | 341 |  |  | $ | 678 |  |  | $ | 3,826 |
Capital expenditures |  |  | 1 |  |  |  | 14 |  |  |  | 8 |  |  |  | 1 |  |  |  | 24 |
|  | Nine Months Ended September 30, 2019 (Predecessor) |
|  | Safety Services |  |  | Specialty Services |  |  | Industrial Services |  |  | Corporate and Eliminations |  |  | Consolidated |
Net revenues |  | $ | 1,342 |  |  | $ | 1,107 |  |  | $ | 670 |  |  | $ | (12 | ) |  | $ | 3,107 |
EBITDA Reconciliation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) |  | $ | 161 |  |  | $ | 60 |  |  | $ | — |  |  | $ | (119 | ) |  | $ | 102 |
Plus: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment income and other, net |  |  | 1 |  |  |  | 7 |  |  |  | 1 |  |  |  | 2 |  |  |  | 11 |
Depreciation |  |  | 4 |  |  |  | 28 |  |  |  | 14 |  |  |  | 6 |  |  |  | 52 |
Amortization |  |  | 4 |  |  |  | 16 |  |  |  | 6 |  |  |  | — |  |  |  | 26 |
EBITDA |  | $ | 170 |  |  | $ | 111 |  |  | $ | 21 |  |  | $ | (111 | ) |  | $ | 191 |
Total assets |  | $ | 812 |  |  | $ | 882 |  |  | $ | 394 |  |  | $ | 227 |  |  | $ | 2,315 |
Capital expenditures |  |  | 4 |  |  |  | 27 |  |  |  | 21 |  |  |  | 1 |  |  |  | 53 |
(1) | Depreciation for the nine months ended September 30, 2020 includes a cumulative adjustment to depreciation expense resulting from the measurement period adjustments of property and equipment. Refer to Note 10 – “Property and Equipment, Net” for additional information. The adjustment to depreciation expense recorded during the nine months ended September 30, 2020 was $(2), $5, $3 and $(2) for the Safety Services, Specialty Services, Industrial Services and Corporate and Eliminations segments, respectively. If the property and equipment fair values had been known at the date of the APi Acquisition, depreciation expense for the year ended December 31, 2019 (Successor) would have changed by $(1), $2, $2, and $(1) for the Safety Services, Specialty Services, Industrial Services and Corporate and Eliminations segments, respectively. If the property and equipment fair values had been known at the date of the APi Acquisition, depreciation expense for the three months ended March 30, 2020 would have changed by $(1), $3, $1, and $(1) for the Safety Services, Specialty Services, Industrial Services and Corporate and Eliminations segments, respectively. EBITDA as presented in the above EBITDA reconciliation tables, would not have been impacted by these changes.
(2) | Amortization for the three and nine months ended September 30, 2020 includes a cumulative adjustment to amortization expense resulting from the measurement period adjustments to intangible assets. Refer to Note 7 – “Goodwill and Intangibles” for additional information. The adjustment to amortization expense recorded during the three and nine months ended September 30, 2020 was $8, $(9), and $(14) for the Safety Services, Specialty Services, and Industrial Services segments, respectively. If the intangible asset values had been known at the date of the APi Acquisition, amortization expense would have changed for the Safety Services, Specialty Services and Industrial Services segments by $3, $(3), and $(5) for the year ended December 31, 2019, $3, $(3), and $(5) for the three months ended March 30, 2020, and $2, $(3), and $(4) for the three months ended June 30, 2020, respectively. EBITDA, as presented in the above EBITDA reconciliation tables, would not have been impacted by these changes.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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