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Segment Reporting
 9 Months Ended
Oct. 31, 2012
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 16 - SEGMENT REPORTING

The Company’s reportable segments, power industry services and telecommunications infrastructure services, are organized in separate business units with different management teams, customers, technologies and services. The business operations of each segment are conducted primarily by the Company’s wholly-owned subsidiaries – GPS and SMC, respectively.

 

Presented below are summarized operating results and certain financial position data of the Company’s reportable continuing business segments for the three months ended October 31, 2012. The “Other” column includes the Company’s corporate and unallocated expenses.

 

                                 

Three Months Ended October 31, 2012

   Power
Industry
Services		     Telecom
Infrastructure
Services		     Other     Consolidated  

Net revenues

   $ 70,527,000     $ 3,959,000     $ —       $ 74,486,000  

Cost of revenues

     58,173,000       3,177,000       —         61,350,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit

     12,354,000       782,000       —         13,136,000  

Selling, general and administrative expenses

     2,042,000       452,000       1,286,000       3,780,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from operations

     10,312,000       330,000       (1,286,000 )      9,356,000  

Other (expense) income, net

     (12,000 )      —         1,000       (11,000 )
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations before income taxes

   $ 10,300,000     $ 330,000     $ (1,285,000 )      9,345,000  
   

 

 

    

 

 

    

 

 

          

Income tax expense

                             3,632,000  
                           

 

 

  

Income from continuing operations

                           $ 5,713,000  
                           

 

 

  

Amortization of purchased intangibles

   $ 61,000     $ —       $ —       $ 61,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Depreciation

   $ 77,000     $ 58,000     $ 1,000     $ 136,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Fixed asset additions

   $ 2,092,000     $ 47,000     $ —       $ 2,139,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Goodwill

   $ 18,476,000     $ —       $ —       $ 18,476,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total assets

   $ 198,531,000     $ 3,995,000     $ 52,459,000     $ 254,985,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Presented below are summarized operating results and certain financial position data of the Company’s reportable continuing business segments for the three months ended October 31, 2011. As above, the “Other” column includes the Company’s corporate and unallocated expenses.

 

                                 

Three Months Ended October 31, 2011

   Power
Industry
Services		     Telecom
Infrastructure
Services		     Other     Consolidated  

Net revenues

   $ 41,269,000     $ 2,328,000     $ —       $ 43,597,000  

Cost of revenues

     35,248,000       1,882,000       —         37,130,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit

     6,021,000       446,000       —         6,467,000  

Selling, general and administrative expenses

     1,518,000       423,000       794,000       2,735,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from operations

     4,503,000       23,000       (794,000 )      3,732,000  

Other (expense) income, net

     30,000       —         3,000       33,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations before income taxes

   $ 4,533,000     $ 23,000     $ (791,000 )      3,765,000  
   

 

 

    

 

 

    

 

 

          

Income tax expense

                             1,460,000  
                           

 

 

  

Income from continuing operations

                           $ 2,305,000  
                           

 

 

  

Amortization of purchased intangibles

   $ 87,000     $ —       $ —       $ 87,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Depreciation

   $ 53,000     $ 58,000     $ 1,000     $ 112,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Fixed asset additions

   $ 23,000     $ 53,000     $ —       $ 76,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Goodwill

   $ 18,476,000     $ —       $ —       $ 18,476,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total assets

   $ 153,573,000     $ 2,783,000     $ 32,945,000     $ 189,301,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

Presented below are summarized operating results and certain other financial data of the Company’s reportable continuing business segments for the nine months ended October 31, 2012. The “Other” column includes the Company’s corporate and unallocated expenses.

 

                                 

Nine Months Ended October 31, 2012

   Power
Industry
Services		     Telecom
Infrastructure
Services		     Other     Consolidated  

Net revenues

   $ 206,364,000     $ 14,430,000     $ —       $ 220,794,000  

Cost of revenues

     173,339,000       11,339,000       —         184,678,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit

     33,025,000       3,091,000       —         36,116,000  

Selling, general and administrative expenses

     5,533,000       1,333,000       3,239,000       10,105,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from operations

     27,492,000       1,758,000       (3,239,000 )      26,011,000  

Other (expense) income, net

     (31,000 )      —         2,000       (29,000 )
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations before income taxes

   $ 27,461,000     $ 1,758,000     $ (3,237,000 )      25,982,000  
   

 

 

    

 

 

    

 

 

          

Income tax expense

                             9,741,000  
                           

 

 

  

Income from continuing operations

                           $ 16,241,000  
                           

 

 

  

Amortization of purchased intangibles

   $ 182,000     $ —       $ —       $ 182,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Depreciation

   $ 205,000     $ 178,000     $ 2,000     $ 385,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Fixed asset additions

   $ 5,707,000     $ 221,000     $ —       $ 5,928,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Presented below are summarized operating results and certain other financial data of the Company’s reportable continuing business segments for the nine months ended October 31, 2011. As above, the “Other” column includes the Company’s corporate and unallocated expenses.

 

                                 

Nine Months Ended October 31, 2011

   Power
Industry
Services		     Telecom
Infrastructure
Services		     Other     Consolidated  

Net revenues

   $ 79,678,000     $ 6,254,000     $ —       $ 85,932,000  

Cost of revenues

     65,807,000       5,113,000       —         70,920,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit

     13,871,000       1,141,000       —         15,012,000  

Selling, general and administrative expenses

     4,263,000       1,159,000       2,446,000       7,868,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from operations

     9,608,000       (18,000 )     (2,446,000 )      7,144,000  

Other (expense) income, net

     70,000       —         14,000       84,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations before income taxes

   $ 9,678,000     $ (18,000 )   $ (2,432,000 )      7,228,000  
   

 

 

    

 

 

    

 

 

          

Income tax expense

                             2,658,000  
                           

 

 

  

Income from continuing operations

                           $ 4,570,000  
                           

 

 

  

Amortization of purchased intangibles

   $ 262,000     $ —       $ —       $ 262,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Depreciation

   $ 153,000     $ 188,000     $ 3,000     $ 344,000  
   

 

 

    

 

 

    

 

 

    

 

 

  

Fixed asset additions

   $ 23,000     $ 109,000     $ 3,000     $ 135,000