Operating Segments

6 Months Ended

Mar. 31, 2021

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 and six months ended March 31, 2021 and 2020 is as follows:


		Three Months Ended March 31, 2021
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	94,886	$	150,336	$	34,716	$	52,023	$	—	$	331,961
Cost of services		75,339		120,146		25,161		46,441		—		267,087
Gross profit		19,547		30,190		9,555		5,582		—		64,874
Selling, general and administrative		9,615		21,609		6,242		6,744		3,445		47,655
Contingent consideration		—		73		—		—		—		73
Loss (gain) on sale of assets		—		52		(26)		(8)		—		18
Operating income (loss)		$	9,932	$	8,456	$	3,339	$	(1,154)	$	(3,445)	$	17,128
Other data:
	Depreciation and amortization expense	$	347	$	3,205	$	1,554	$	683	$	39	$	5,828
	Capital expenditures	$	133	$	1,040	$	163	$	397	$	89	$	1,822
	Total assets	$	128,568	$	215,399	$	134,037	$	69,405	$	68,243	$	615,652


		Three Months Ended March 31, 2020
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	95,990	$	100,027	$	29,300	$	65,960	$	—	$	291,277
Cost of services		79,352		77,114		22,055		61,492		—		240,013
Gross profit		16,638		22,913		7,245		4,468		—		51,264
Selling, general and administrative		9,419		15,754		4,918		8,586		3,359		42,036

Gain on sale of assets		—		—		—		(1)		—		(1)
Operating income (loss)		$	7,219	$	7,159	$	2,327	$	(4,117)	$	(3,359)	$	9,229
Other data:
	Depreciation and amortization expense	$	343	$	431	$	1,754	$	689	$	18	$	3,235
	Capital expenditures	$	186	$	657	$	153	$	212	$	299	$	1,507
	Total assets	$	126,871	$	101,246	$	127,426	$	75,075	$	95,726	$	526,344


		Six Months Ended March 31, 2021
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	193,242	$	269,827	$	69,117	$	114,613	$	—	$	646,799
Cost of services		155,156		216,109		48,625		103,356		—		523,246
Gross profit		38,086		53,718		20,492		11,257		—		123,553
Selling, general and administrative		18,956		38,936		11,853		13,168		7,528		90,441
Contingent consideration		—		73		—		—		—		73
Loss (gain) on sale of assets		—		52		(27)		(17)		—		8
Operating income (loss)		$	19,130	$	14,657	$	8,666	$	(1,894)	$	(7,528)	$	33,031
Other data:
	Depreciation and amortization expense	$	694	$	4,709	$	2,995	$	1,377	$	73	$	9,848
	Capital expenditures	$	265	$	1,477	$	508	$	665	$	89	$	3,004
	Total assets	$	128,568	$	215,399	$	134,037	$	69,405	$	68,243	$	615,652


		Six Months Ended March 31, 2020
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	180,279	$	192,755	$	60,583	$	133,703	$	—	$	567,320
Cost of services		148,074		149,699		45,568		122,500		—		465,841
Gross profit		32,205		43,056		15,015		11,203		—		101,479
Selling, general and administrative		17,988		29,474		9,411		15,874		7,161		79,908

Gain on sale of assets		(9)		—		—		(28)		—		(37)
Operating income (loss)		$	14,226	$	13,582	$	5,604	$	(4,643)	$	(7,161)	$	21,608
Other data:
	Depreciation and amortization expense	$	680	$	641	$	2,874	$	1,365	$	37	$	5,597
	Capital expenditures	$	468	$	869	$	590	$	672	$	299	$	2,898
	Total assets	$	126,871	$	101,246	$	127,426	$	75,075	$	95,726	$	526,344