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v3.19.3.a.u2

SEGMENT REPORTING (Tables) | 9 Months Ended
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Oct. 31, 2019
SEGMENT REPORTING |
Schedule of operating results and certain financial position data of the Company's reportable business segments |
Three Months Ended |  | Power |  | Industrial |  | Telecom |  |  |  |
October 31, 2019 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues |  | $ | 35,848 |  | $ | 20,143 |  | $ | 2,415 |  | $ | — |  | $ | 58,406
Cost of revenues |  |  | 31,327 |  |  | 19,159 |  |  | 1,928 |  |  | — |  |  | 52,414
Gross profit |  |  | 4,521 |  |  | 984 |  |  | 487 |  |  | — |  |  | 5,992
Selling, general and administrative expenses |  |  | 7,672 |  |  | 2,018 |  |  | 485 |  |  | 1,960 |  |  | 12,135
(Loss) income from operations |  |  | (3,151) |  |  | (1,034) |  |  | 2 |  |  | (1,960) |  |  | (6,143)
Other income, net |  |  | 3,447 |  |  | — |  |  | — |  |  | 131 |  |  | 3,578
Income (loss) before income taxes |  | $ | 296 |  | $ | (1,034) |  | $ | 2 |  | $ | (1,829) |  |  | (2,565)
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,996)
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (4,561)
Amortization of purchased intangible assets |  | $ | 61 |  | $ | 166 |  | $ | 45 |  | $ | — |  | $ | 272
Depreciation |  |  | 176 |  |  | 625 |  |  | 97 |  |  | 1 |  |  | 899
Property, plant and equipment additions |  |  | 2,659 |  |  | 436 |  |  | 170 |  |  | — |  |  | 3,265
Current assets |  | $ | 292,618 |  | $ | 28,373 |  | $ | 2,861 |  | $ | 82,048 |  | $ | 405,900
Current liabilities |  |  | 108,474 |  |  | 8,744 |  |  | 796 |  |  | 943 |  |  | 118,957
Goodwill |  |  | 18,476 |  |  | 12,290 |  |  | — |  |  | — |  |  | 30,766
Total assets |  |  | 324,535 |  |  | 55,814 |  |  | 4,370 |  |  | 87,998 |  |  | 472,717
Three Months Ended |  | Power |  | Industrial |  | Telecom |  |  |  |  |  |
October 31, 2018 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues |  | $ | 88,724 |  | $ | 24,091 |  | $ | 3,644 |  | $ | — |  | $ | 116,459
Cost of revenues |  |  | 61,943 |  |  | 22,203 |  |  | 2,781 |  |  | — |  |  | 86,927
Gross profit |  |  | 26,781 |  |  | 1,888 |  |  | 863 |  |  | — |  |  | 29,532
Selling, general and administrative expenses |  |  | 7,178 |  |  | 1,910 |  |  | 436 |  |  | 1,623 |  |  | 11,147
Income (loss) from operations |  |  | 19,603 |  |  | (22) |  |  | 427 |  |  | (1,623) |  |  | 18,385
Other income, net |  |  | 1,298 |  |  | — |  |  | — |  |  | 131 |  |  | 1,429
Income (loss) before income taxes |  | $ | 20,901 |  | $ | (22) |  | $ | 427 |  | $ | (1,492) |  |  | 19,814
Income tax benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12,560
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 32,374
Amortization of purchased intangible assets |  | $ | 87 |  | $ | 166 |  | $ | — |  | $ | — |  | $ | 253
Depreciation |  |  | 183 |  |  | 616 |  |  | 96 |  |  | 3 |  |  | 898
Property, plant and equipment additions |  |  | 776 |  |  | 1,104 |  |  | 119 |  |  | 2 |  |  | 2,001
Current assets |  | $ | 347,883 |  | $ | 30,519 |  | $ | 3,964 |  | $ | 57,126 |  | $ | 439,492
Current liabilities |  |  | 82,381 |  |  | 15,670 |  |  | 1,075 |  |  | 750 |  |  | 99,876
Goodwill |  |  | 20,548 |  |  | 13,781 |  |  | — |  |  | — |  |  | 34,329
Total assets |  |  | 376,871 |  |  | 60,933 |  |  | 5,623 |  |  | 57,342 |  |  | 500,769
Nine Months Ended |  | Power |  | Industrial |  | Telecom |  |  |  |  |  |
October 31, 2019 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues |  | $ | 83,941 |  | $ | 80,442 |  | $ | 6,626 |  | $ | — |  | $ | 171,009
Cost of revenues |  |  | 104,759 |  |  | 72,958 |  |  | 5,361 |  |  | — |  |  | 183,078
Gross (loss) profit |  |  | (20,818) |  |  | 7,484 |  |  | 1,265 |  |  | — |  |  | (12,069)
Selling, general and administrative expenses |  |  | 18,977 |  |  | 5,959 |  |  | 1,535 |  |  | 5,290 |  |  | 31,761
Impairment loss |  |  | 2,072 |  |  | — |  |  | — |  |  | — |  |  | 2,072
(Loss) income from operations |  |  | (41,867) |  |  | 1,525 |  |  | (270) |  |  | (5,290) |  |  | (45,902)
Other income, net |  |  | 7,037 |  |  | — |  |  | — |  |  | 435 |  |  | 7,472
(Loss) income before income taxes |  | $ | (34,830) |  | $ | 1,525 |  | $ | (270) |  | $ | (4,855) |  |  | (38,430)
Income tax benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,936
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (33,494)
Amortization of purchased intangible assets |  | $ | 231 |  | $ | 497 |  | $ | 136 |  | $ | — |  | $ | 864
Depreciation |  |  | 517 |  |  | 1,791 |  |  | 298 |  |  | 4 |  |  | 2,610
Property, plant and equipment additions |  |  | 4,533 |  |  | 1,487 |  |  | 277 |  |  | 11 |  |  | 6,308
Nine Months Ended |  | Power |  | Industrial |  | Telecom |  |  |  |  |  |
October 31, 2018 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues |  | $ | 316,262 |  | $ | 68,577 |  | $ | 9,656 |  | $ | — |  | $ | 394,495
Cost of revenues |  |  | 249,401 |  |  | 61,889 |  |  | 7,513 |  |  | — |  |  | 318,803
Gross profit |  |  | 66,861 |  |  | 6,688 |  |  | 2,143 |  |  | — |  |  | 75,692
Selling, general and administrative expenses |  |  | 18,563 |  |  | 5,698 |  |  | 1,286 |  |  | 5,615 |  |  | 31,162
Income (loss) from operations |  |  | 48,298 |  |  | 990 |  |  | 857 |  |  | (5,615) |  |  | 44,530
Other income, net |  |  | 3,393 |  |  | 1,400 |  |  | — |  |  | 328 |  |  | 5,121
Income (loss) before income taxes |  | $ | 51,691 |  | $ | 2,390 |  | $ | 857 |  | $ | (5,287) |  |  | 49,651
Income tax benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,509
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 54,160
Amortization of purchased intangible assets |  | $ | 262 |  | $ | 497 |  | $ | — |  | $ | — |  | $ | 759
Depreciation |  |  | 548 |  |  | 1,640 |  |  | 267 |  |  | 10 |  |  | 2,465
Property, plant and equipment additions |  |  | 2,318 |  |  | 4,379 |  |  | 666 |  |  | 3 |  |  | 7,366

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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