Operating Segments

3 Months Ended

Dec. 31, 2020

Segment Reporting Disclosure [Text Block]

6. OPERATING SEGMENTS

We manage and measure performance of our business in four distinct operating segments: Communications, Residential, Infrastructure Solutions, and Commercial & Industrial. These segments are reflective of how the Company’s Chief Operating Decision Maker (“CODM”) reviews operating results for the purpose of allocating resources and assessing performance. The Company’s CODM is its Chief Executive Officer.

Transactions between segments, if any, are eliminated in consolidation. Our corporate office provides general and administrative services, 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 months ended December 31, 2020 and 2019 is as follows:


		Three Months Ended December 31, 2020
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	98,356	$	119,491	$	34,401	$	62,590	$	—	$	314,838
Cost of services		79,817		95,963		23,464		56,915		—		256,159
Gross profit		18,539		23,528		10,937		5,675		—		58,679
Selling, general and administrative		9,341		17,327		5,611		6,424		4,083		42,786

Gain on sale of assets		—		—		(1)		(9)		—		(10)
Operating income (loss)		9,198		6,201		5,327		(740)		(4,083)		15,903
Other data:
	Depreciation and amortization expense	$	347	$	1,504	$	1,441	$	694	$	34	$	4,020
	Capital expenditures	$	132	$	437	$	345	$	268	$	—	$	1,182
	Total assets	$	137,457	$	198,227	$	129,283	$	72,148	$	72,255	$	609,370


		Three Months Ended December 31, 2019
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	84,289	$	92,728	$	31,283	$	67,743	$	—	$	276,043
Cost of services		68,722		72,585		23,513		61,008		—		225,828
Gross profit		15,567		20,143		7,770		6,735		—		50,215
Selling, general and administrative		8,569		13,720		4,493		7,288		3,802		37,872

Gain on sale of assets		(9)		—		—		(27)		—		(36)
Operating income (loss)		7,007		6,423		3,277		(526)		(3,802)		12,379
Other data:
	Depreciation and amortization expense	$	337	$	210	$	1,120	$	676	$	19	$	2,362
	Capital expenditures	$	282	$	212	$	437	$	460	$	—	$	1,391
	Total assets	$	113,574	$	77,109	$	112,413	$	80,612	$	86,157	$	469,865