Operating Segments

9 Months Ended

Jun. 30, 2018

5. OPERATING SEGMENTS

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

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 three and nine months ended June 30, 2018, and 2017 is as follows:

		Three Months Ended June 30, 2018
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	78,156	$	54,368	$	24,856	$	75,196	$	-	$	232,576
Cost of services				67,839		43,436		18,701		60,063		-		190,039
Gross profit				10,317		10,932		6,155		15,133		-		42,537
Selling, general and administrative				6,980		7,193		4,568		10,941		2,690		32,372
Contingent consideration				-		-		81		-		-		81
Loss (gain) on sale of assets				(6)		-		1		-		-		(5)
Operating income (loss)			$	3,343	$	3,739	$	1,505	$	4,192	$	(2,690)	$	10,089
Other data:
	Depreciation and amortization expense		$	548	$	595	$	1,120	$	156	$	18	$	2,437
	Capital expenditures		$	715	$	119	$	112	$	110	$	-	$	1,056
	Total assets		$	86,012	$	67,270	$	102,233	$	52,500	$	87,948	$	395,963

		Three Months Ended June 30, 2017
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	58,778	$	57,081	$	22,302	$	70,162	$	-	$	208,323
Cost of services				54,174		46,958		17,486		54,307		-		172,925
Gross profit				4,604		10,123		4,816		15,855		-		35,398
Selling, general and administrative				4,849		6,252		4,958		11,003		3,709		30,771
Contingent consideration				-		-		(33)		-		-		(33)
Loss (gain) on sale of assets				(4)		-		(88)		37		-		(55)
Operating income (loss)			$	(241)	$	3,871	$	(21)	$	4,815	$	(3,709)	$	4,715
Other data:
	Depreciation and amortization expense		$	329	$	187	$	1,785	$	135	$	70	$	2,506
	Capital expenditures		$	283	$	328	$	124	$	170	$	-	$	905
	Total assets		$	66,190	$	70,427	$	103,323	$	51,995	$	125,222	$	417,157

		Nine Months Ended June 30, 2018
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	196,747	$	159,071	$	70,407	$	210,328	$	-	$	636,553
Cost of services				175,066		129,667		54,543		167,836		-		527,112
Gross profit				21,681		29,404		15,864		42,492		-		109,441
Selling, general and administrative				19,624		19,478		13,762		30,995		8,249		92,108
Contingent consideration				-		-		152		-		-		152
Loss (gain) on sale of assets				(35)		(9)		6		(1)		-		(39)
Operating income (loss)			$	2,092	$	9,935	$	1,944	$	11,498	$	(8,249)	$	17,220
Other data:
	Depreciation and amortization expense		$	1,632	$	1,030	$	3,503	$	452	$	89	$	6,706
	Capital expenditures		$	1,638	$	592	$	457	$	696	$	-	$	3,383
	Total assets		$	86,012	$	67,270	$	102,233	$	52,500	$	87,948	$	395,963

		Nine Months Ended June 30, 2017
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	168,006	$	172,058	$	59,572	$	204,527	$	-	$	604,163
Cost of services				154,628		144,668		45,103		157,370		-		501,769
Gross profit				13,378		27,390		14,469		47,157		-		102,394
Selling, general and administrative				14,434		18,086		13,280		32,488		10,797		89,085
Contingent consideration				-		-		50		-		-		50
Gain on sale of assets				(11)		(1)		(90)		34		-		(68)
Operating income (loss)			$	(1,045)	$	9,305	$	1,229	$	14,635	$	(10,797)	$	13,327
Other data:
	Depreciation and amortization expense		$	983	$	532	$	4,730	$	436	$	203	$	6,884
	Capital expenditures		$	927	$	1,888	$	261	$	517	$	203	$	3,796
	Total assets		$	66,190	$	70,427	$	103,323	$	51,995	$	125,222	$	417,157