XML 51 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Operating Segments
 3 Months Ended
Dec. 31, 2012
Operating Segments [Abstract]  
OPERATING SEGMENTS

6. OPERATING SEGMENTS

 

We manage and measure performance of our business in three distinct operating segments: Communications, Residential and Commercial & Industrial. These segments are reflective of how the Company's Chief Operating Decision Maker (“CODM”) reviews operating results for the purposes of allocating resources and assessing performance. The Company's CODM is its Chief Executive Officer. The Communications segment is a nationwide provider of products and services for mission critical infrastructure, such as data centers, of large corporations. The Residential segment is a regional provider of electrical installation services for single-family housing and multi-family apartment complexes. The Commercial & Industrial segment provides electrical design, construction, and maintenance services to the commercial and industrial markets in various regional markets and nationwide in certain areas of expertise, such as the power infrastructure market.

 

The accounting policies of the segments are the same as those described in the summary of significant accounting policies. We evaluate performance based on income from operations of the respective business units prior to the allocation of Corporate office expenses. Transactions between segments are eliminated in consolidation. Our Corporate office provides general and administrative as well as support services to our three operating segments. Management allocates costs between segments for selling, general and administrative expenses and depreciation expense.

 

Segment information for the three months ended December 31, 2012 and 2011 is as follows:

 

  Three Months Ended December 31, 2012
         Commercial &      
   Communications Residential Industrial Corporate Total
Revenues $ 40,119 $ 36,005 $ 51,140 $ - $ 127,264
Cost of services   32,887   29,899   46,498   -   109,284
Gross profit   7,232   6,106   4,642   -   17,980
Selling, general and administrative   3,558   5,228   3,736   2,400   14,922
Loss (gain) on sale of assets   1   (9)   (11)   -   (19)
Income (loss) from operations $ 3,673 $ 887 $ 917 $ (2,400) $ 3,077
Other data:               
 Depreciation and amortization expense $ 87 $ 95 $ 57 $ 300 $ 539
 Capital expenditures   41   26   13   -   80
 Total assets $ 34,072 $ 31,914 $ 54,436 $ 44,736 $ 165,158
                 

  Three Months Ended December 31, 2011
         Commercial &      
   Communications Residential Industrial Corporate Total
Revenues $ 25,162 $ 29,272 $ 54,564 $ - $ 108,998
Cost of services   21,597   24,626   49,582   -   95,805
Gross profit   3,565   4,646   4,982   -   13,193
Selling, general and administrative   2,710   4,414   4,071   1,460   12,655
Loss (gain) on sale of assets   (61)   4   (80)   -   (137)
Income (loss) from operations $ 916 $ 228 $ 991 $ (1,460) $ 675
Other data:               
 Depreciation and amortization expense $ 52 $ 82 $ 79 $ 287 $ 500
 Capital expenditures $ 42 $ 260 $ - $ 861 $ 1,163
 Total assets $ 17,899 $ 23,095 $ 73,383 $ 47,585 $ 161,962