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Segment Reporting | 6 Months Ended
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Jul. 31, 2014
Segment Reporting [Abstract] |
Segment Reporting | NOTE 14 - 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 business segments for the three months ended July 31, 2014 and 2013. The “Other” columns include the Company’s corporate and unallocated expenses.
Three Months Ended July 31, 2014 |  | Power Industry Services |  |  | Telecom Infrastructure Services |  |  | Other |  |  | Consolidated |
Revenues |  | $ | 100,418,000 |  |  | $ | 1,612,000 |  |  | $ | — |  |  | $ | 102,030,000 |
Cost of revenues |  |  | 79,261,000 |  |  |  | 1,205,000 |  |  |  | — |  |  |  | 80,466,000 |
Gross profit |  |  | 21,157,000 |  |  |  | 407,000 |  |  |  | — |  |  |  | 21,564,000 |
Selling, general and administrative expenses |  |  | 2,769,000 |  |  |  | 309,000 |  |  |  | 1,403,000 |  |  |  | 4,481,000 |
Income (loss) from operations |  |  | 18,388,000 |  |  |  | 98,000 |  |  |  | (1,403,000 | ) |  |  | 17,083,000 |
Other income, net |  |  | 40,000 |  |  |  | — |  |  |  | 1,000 |  |  |  | 41,000 |
Income (loss) before income taxes |  | $ | 18,428,000 |  |  | $ | 98,000 |  |  | $ | (1,402,000 | ) |  |  | 17,124,000 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,104,000 |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 12,020,000 |
Amortization of purchased intangibles |  | $ | 61,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 61,000 |
Depreciation |  | $ | 96,000 |  |  | $ | 42,000 |  |  | $ | 3,000 |  |  | $ | 141,000 |
Property, plant and equipment additions |  | $ | 61,000 |  |  | $ | 53,000 |  |  | $ | — |  |  | $ | 114,000 |
Goodwill |  | $ | 18,476,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 18,476,000 |
Total assets |  | $ | 368,450,000 |  |  | $ | 2,351,000 |  |  | $ | 37,499,000 |  |  | $ | 408,300,000 |
Three Months Ended July 31, 2013 |  | Power Industry Services |  |  | Telecom Infrastructure Services |  |  | Other |  |  | Consolidated |
Revenues |  | $ | 55,520,000 |  |  | $ | 2,344,000 |  |  | $ | — |  |  | $ | 57,864,000 |
Cost of revenues |  |  | 34,804,000 |  |  |  | 1,803,000 |  |  |  | — |  |  |  | 36,607,000 |
Gross profit |  |  | 20,716,000 |  |  |  | 541,000 |  |  |  | — |  |  |  | 21,257,000 |
Selling, general and administrative expenses |  |  | 1,626,000 |  |  |  | 330,000 |  |  |  | (355,000 | ) |  |  | 1,601,000 |
Income (loss) from operations |  |  | 19,090,000 |  |  |  | 211,000 |  |  |  | 355,000 |  |  |  | 19,656,000 |
Gains on the deconsolidation of VIEs |  |  | 1,324,000 |  |  |  | — |  |  |  | — |  |  |  | 1,324,000 |
Other income, net |  |  | 409,000 |  |  |  | — |  |  |  | 1,000 |  |  |  | 410,000 |
Income (loss) before income taxes |  | $ | 20,823,000 |  |  | $ | 211,000 |  |  | $ | 356,000 |  |  |  | 21,390,000 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,467,000 |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 13,923,000 |
Amortization of purchased intangibles |  | $ | 61,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 61,000 |
Depreciation |  | $ | 89,000 |  |  | $ | 46,000 |  |  | $ | 1,000 |  |  | $ | 136,000 |
Property, plant and equipment additions |  | $ | 141,000 |  |  | $ | 33,000 |  |  | $ | — |  |  | $ | 174,000 |
Goodwill |  | $ | 18,476,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 18,476,000 |
Total assets |  | $ | 150,254,000 |  |  | $ | 2,718,000 |  |  | $ | 53,776,000 |  |  | $ | 206,748,000 |
Presented below are summarized operating results and certain financial position data of the Company’s reportable continuing business segments for the six months ended July 31, 2014 and 2013. The “Other” columns include the Company’s corporate and unallocated expenses.
Six Months Ended July 31, 2014 |  | Power Industry Services |  |  | Telecom Infrastructure Services |  |  | Other |  |  | Consolidated |
Revenues |  | $ | 150,242,000 |  |  | $ | 2,979,000 |  |  | $ | — |  |  | $ | 153,221,000 |
Cost of revenues |  |  | 119,311,000 |  |  |  | 2,296,000 |  |  |  | — |  |  |  | 121,607,000 |
Gross profit |  |  | 30,931,000 |  |  |  | 683,000 |  |  |  | — |  |  |  | 31,614,000 |
Selling, general and administrative expenses |  |  | 4,556,000 |  |  |  | 660,000 |  |  |  | 2,643,000 |  |  |  | 7,859,000 |
Income (loss) from operations |  |  | 26,375,000 |  |  |  | 23,000 |  |  |  | (2,643,000 | ) |  |  | 23,755,000 |
Other income, net |  |  | 62,000 |  |  |  | — |  |  |  | 1,000 |  |  |  | 63,000 |
Income (loss) before income taxes |  | $ | 26,437,000 |  |  | $ | 23,000 |  |  | $ | (2,642,000 | ) |  |  | 23,818,000 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,997,000 |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 16,821,000 |
Amortization of purchased intangibles |  | $ | 121,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 121,000 |
Depreciation |  | $ | 193,000 |  |  | $ | 86,000 |  |  | $ | 4,000 |  |  | $ | 283,000 |
Property, plant and equipment additions |  | $ | 88,000 |  |  | $ | 61,000 |  |  | $ | 50,000 |  |  | $ | 199,000 |
Six Months Ended July 31, 2013 |  | Power Industry Services |  |  | Telecom Infrastructure Services |  |  | Other |  |  | Consolidated |
Revenues |  | $ | 99,289,000 |  |  | $ | 5,223,000 |  |  | $ | — |  |  | $ | 104,512,000 |
Cost of revenues |  |  | 66,050,000 |  |  |  | 4,177,000 |  |  |  | — |  |  |  | 70,227,000 |
Gross profit |  |  | 33,239,000 |  |  |  | 1,046,000 |  |  |  | — |  |  |  | 34,285,000 |
Selling, general and administrative expenses |  |  | 3,441,000 |  |  |  | 646,000 |  |  |  | 957,000 |  |  |  | 5,044,000 |
Income (loss) from operations |  |  | 29,798,000 |  |  |  | 400,000 |  |  |  | (957,000 | ) |  |  | 29,241,000 |
Gains on the deconsolidation of VIEs |  |  | 2,444,000 |  |  |  | — |  |  |  | — |  |  |  | 2,444,000 |
Other income, net |  |  | 564,000 |  |  |  | — |  |  |  | 2,000 |  |  |  | 566,000 |
Income (loss) before income taxes |  | $ | 32,806,000 |  |  | $ | 400,000 |  |  | $ | (955,000 | ) |  |  | 32,251,000 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,388,000 |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 20,863,000 |
Amortization of purchased intangibles |  | $ | 121,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 121,000 |
Depreciation |  | $ | 172,000 |  |  | $ | 91,000 |  |  | $ | 2,000 |  |  | $ | 265,000 |
Property, plant and equipment additions |  | $ | 807,000 |  |  | $ | 44,000 |  |  | $ | — |  |  | $ | 851,000 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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