Operating Segments

12 Months Ended

Sep. 30, 2018

10. OPERATING SEGMENTS

We manage and measure performance of our business in four distinct operating segments: Commercial & Industrial, Communications, Infrastructure Solutions and Residential. 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 President.

Transactions between segments, if any, are eliminated in consolidation. Our corporate office provides general and administrative, as well as support services, to our four operating segments. Management allocates certain shared costs between segments for selling, general and administrative expenses and depreciation expense.

Segment information for the years ended September 30, 2018, 2017 and 2016 is as follows:

		Year Ended September 30, 2018
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	274,299	$	219,655	$	97,163	$	285,711	$	-	$	876,828
Cost of services				244,656		179,518		75,337		227,355		-		726,866
Gross profit				29,643		40,137		21,826		58,356		-		149,962
Selling, general and administrative				27,031		26,003		18,293		41,401		11,192		123,920
Contingent consideration				(100)		(85)		288		-		-		103
Loss (gain) on sale of assets				(37)		(4)		18		8		-		(15)
Income (loss) from operations			$	2,749	$	14,223	$	3,227	$	16,947	$	(11,192)	$	25,954
Other data:
	Depreciation and amortization expense		$	2,197	$	1,247	$	4,672	$	637	$	107	$	8,860
	Capital expenditures		$	2,216	$	647	$	735	$	932	$	33	$	4,563
	Total assets		$	89,729	$	80,528	$	109,506	$	55,176	$	87,055	$	421,994

		Year Ended September 30, 2017
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	227,606	$	225,275	$	83,824	$	274,039	$	-	$	810,744
Cost of services				208,619		187,419		63,399		210,809		-		670,246
Gross profit				18,987		37,856		20,425		63,230		-		140,498
Selling, general and administrative				20,170		24,219		17,859		43,689		14,433		120,370
Contingent consideration				-		-		(145)		-		-		(145)
Loss (gain) on sale of assets				(32)		(1)		(79)		43		-		(69)
Income (loss) from operations			$	(1,151)	$	13,638	$	2,790	$	19,498	$	(14,433)	$	20,342
Other data:
	Depreciation and amortization expense		$	1,648	$	740	$	6,412	$	565	$	269	$	9,634
	Capital expenditures		$	1,241	$	2,046	$	538	$	561	$	203	$	4,589
	Total assets		$	84,756	$	63,917	$	106,114	$	51,994	$	117,713	$	424,494

		Year Ended September 30, 2016
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	222,466	$	189,635	$	58,003	$	225,889	$	-	$	695,993
Cost of services				197,679		157,104		42,356		171,874		-		569,013
Gross profit				24,787		32,531		15,647		54,015		-		126,980
Selling, general and administrative				17,169		20,839		12,404		37,585		12,561		100,558
	Contingent Consideration			-		-		652		-		-		652
Loss (gain) on sale of assets				(17)		-		826		1		-		810
Income (loss) from operations			$	7,635	$	11,692	$	1,765	$	16,429	$	(12,561)	$	24,960
Other data:
	Depreciation and amortization expense		$	1,234	$	577	$	3,072	$	509	$	272	$	5,664
	Capital expenditures		$	795	$	1,102	$	721	$	704	$	95	$	3,417
	Total assets		$	59,763	$	68,018	$	89,447	$	43,195	$	133,917	$	394,340