XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.21.2

SEGMENT REPORTING | 6 Months Ended
--- | ---
Jul. 31, 2021
SEGMENT REPORTING |
SEGMENT REPORTING | NOTE 14 – SEGMENT REPORTING Segments represent components of an enterprise for which discrete financial information is available that is evaluated regularly by the Company’s chief executive officer, who is the chief operating decision maker, in determining how to allocate resources and in assessing performance. The Company’s reportable segments recognize revenues and incur expenses, are organized in separate business units with different management teams, customers, talents and services, and may include more than one operating segment. Intersegment revenues and the related cost of revenues are netted against the corresponding amounts of the segment receiving the intersegment services. For the three and six months ended July 31, 2021, intersegment revenues totaled approximately $1.2 million and $3.2 million, respectively. For the three and six months ended July 31, 2020, intersegment revenues totaled approximately $1.1 million and $1.7 million, respectively. Intersegment revenues for the aforementioned periods primarily related to services provided by the industrial fabrication and field services segment to the power industry services segment and were based on prices negotiated by the parties. Summarized below are certain operating results and financial position data of the Company’s reportable business segments for the three and six months ended July 31, 2021 and 2020. The “Other” column in each summary includes the Company’s corporate expenses. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended | ​ | Power | ​ | Industrial | ​ | Telecom | ​ | ​ | ​ | ​
July 31, 2021 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues | ​ | $ | 99,004 | ​ | $ | 30,153 | ​ | $ | 3,851 | ​ | $ | — | ​ | $ | 133,008
Cost of revenues | ​ |  | 78,496 | ​ |  | 23,847 | ​ |  | 3,013 | ​ |  | — | ​ |  | 105,356
Gross profit | ​ |  | 20,508 | ​ |  | 6,306 | ​ |  | 838 | ​ |  | — | ​ |  | 27,652
Selling, general and administrative expenses | ​ |  | 5,751 | ​ | ​ | 1,977 | ​ | ​ | 484 | ​ | ​ | 2,119 | ​ | ​ | 10,331
Income (loss) from operations | ​ | ​ | 14,757 | ​ | ​ | 4,329 | ​ | ​ | 354 | ​ | ​ | (2,119) | ​ | ​ | 17,321
Other (expense) income, net | ​ |  | (262) | ​ |  | — | ​ |  | — | ​ |  | 2 | ​ |  | (260)
Income (loss) before income taxes | ​ | $ | 14,495 | ​ | $ | 4,329 | ​ | $ | 354 | ​ | $ | (2,117) | ​ |  | 17,061
Income tax expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (4,191)
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 12,870
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of intangibles | ​ | $ | 61 | ​ | $ | 164 | ​ | $ | — | ​ | $ | — | ​ | $ | 225
Depreciation | ​ | ​ | 153 | ​ | ​ | 593 | ​ | ​ | 112 | ​ | ​ | 1 | ​ | ​ | 859
Property, plant and equipment additions | ​ | ​ | 35 | ​ | ​ | 7 | ​ | ​ | 123 | ​ | ​ | 2 | ​ | ​ | 167
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current assets | ​ | $ | 389,998 | ​ | $ | 29,084 | ​ | $ | 3,751 | ​ | $ | 174,823 | ​ | $ | 597,656
Current liabilities | ​ | ​ | 293,002 | ​ | ​ | 12,099 | ​ | ​ | 1,563 | ​ | ​ | 683 | ​ | ​ | 307,347
Goodwill | ​ | ​ | 18,476 | ​ | ​ | 9,467 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 27,943
Total assets | ​ | ​ | 422,902 | ​ | ​ | 48,655 | ​ | ​ | 5,274 | ​ | ​ | 175,158 | ​ | ​ | 651,989
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended | ​ | Power | ​ | Industrial | ​ | Telecom | ​ | ​ | ​ | ​
July 31, 2020 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues | ​ | $ | 69,039 | ​ | $ | 16,689 | ​ | $ | 1,764 | ​ | $ | — | ​ | $ | 87,492
Cost of revenues | ​ |  | 55,610 | ​ |  | 14,896 | ​ |  | 1,356 | ​ |  | — | ​ |  | 71,862
Gross profit | ​ |  | 13,429 | ​ |  | 1,793 | ​ |  | 408 | ​ |  | — | ​ |  | 15,630
Selling, general and administrative expenses | ​ |  | 4,868 | ​ | ​ | 1,713 | ​ | ​ | 470 | ​ | ​ | 2,034 | ​ |  | 9,085
Income (loss) from operations | ​ | ​ | 8,561 | ​ | ​ | 80 | ​ | ​ | (62) | ​ | ​ | (2,034) | ​ | ​ | 6,545
Other income, net | ​ |  | 438 | ​ |  | — | ​ |  | — | ​ |  | 13 | ​ |  | 451
Income (loss) before income taxes | ​ | $ | 8,999 | ​ | $ | 80 | ​ | $ | (62) | ​ | $ | (2,021) | ​ |  | 6,996
Income tax expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (1,397)
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 5,599
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of intangibles | ​ | $ | 60 | ​ | $ | 166 | ​ | $ | — | ​ | $ | — | ​ | $ | 226
Depreciation | ​ | ​ | 174 | ​ | ​ | 646 | ​ | ​ | 100 | ​ | ​ | 1 | ​ | ​ | 921
Property, plant and equipment additions | ​ | ​ | 313 | ​ | ​ | 94 | ​ | ​ | 42 | ​ | ​ | — | ​ | ​ | 449
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current assets | ​ | $ | 356,383 | ​ | $ | 23,244 | ​ | $ | 1,924 | ​ | $ | 121,905 | ​ | $ | 503,456
Current liabilities | ​ | ​ | 219,315 | ​ | ​ | 12,568 | ​ | ​ | 853 | ​ | ​ | 699 | ​ | ​ | 233,435
Goodwill | ​ | ​ | 18,476 | ​ | ​ | 9,467 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 27,943
Total assets | ​ | ​ | 389,380 | ​ | ​ | 46,099 | ​ | ​ | 3,417 | ​ | ​ | 122,211 | ​ | ​ | 561,107
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six Months Ended | ​ | Power | ​ | Industrial | ​ | Telecom | ​ | ​ | ​ | ​
July 31, 2021 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues | ​ | $ | 196,176 | ​ | $ | 56,811 | ​ | $ | 6,362 | ​ | $ | — | ​ | $ | 259,349
Cost of revenues | ​ |  | 157,165 | ​ |  | 45,816 | ​ |  | 5,002 | ​ |  | — | ​ |  | 207,983
Gross profit | ​ |  | 39,011 | ​ |  | 10,995 | ​ |  | 1,360 | ​ |  | — | ​ |  | 51,366
Selling, general and administrative expenses | ​ |  | 11,206 | ​ | ​ | 3,859 | ​ | ​ | 970 | ​ | ​ | 4,188 | ​ | ​ | 20,223
Income (loss) from operations | ​ | ​ | 27,805 | ​ | ​ | 7,136 | ​ | ​ | 390 | ​ | ​ | (4,188) | ​ | ​ | 31,143
Other income, net | ​ |  | 448 | ​ |  | — | ​ |  | — | ​ |  | 4 | ​ |  | 452
Income (loss) before income taxes | ​ | $ | 28,253 | ​ | $ | 7,136 | ​ | $ | 390 | ​ | $ | (4,184) | ​ |  | 31,595
Income tax expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (7,959)
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 23,636
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of intangibles | ​ | $ | 122 | ​ | $ | 331 | ​ | $ | — | ​ | $ | — | ​ | $ | 453
Depreciation | ​ | ​ | 319 | ​ | ​ | 1,200 | ​ | ​ | 220 | ​ | ​ | 2 | ​ | ​ | 1,741
Property, plant and equipment additions | ​ | ​ | 637 | ​ | ​ | 16 | ​ | ​ | 355 | ​ | ​ | 3 | ​ | ​ | 1,011
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six Months Ended | ​ | Power | ​ | Industrial | ​ | Telecom | ​ | ​ | ​ | ​
July 31, 2020 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues | ​ | $ | 117,651 | ​ | $ | 26,433 | ​ | $ | 3,556 | ​ | $ | — | ​ | $ | 147,640
Cost of revenues | ​ |  | 101,320 | ​ |  | 23,878 | ​ |  | 2,803 | ​ |  | — | ​ |  | 128,001
Gross profit | ​ |  | 16,331 | ​ |  | 2,555 | ​ |  | 753 | ​ |  | — | ​ |  | 19,639
Selling, general and administrative expenses | ​ |  | 10,796 | ​ | ​ | 3,836 | ​ | ​ | 958 | ​ | ​ | 3,839 | ​ | ​ | 19,429
Income (loss) from operations | ​ | ​ | 5,535 | ​ | ​ | (1,281) | ​ | ​ | (205) | ​ | ​ | (3,839) | ​ | ​ | 210
Other income, net | ​ |  | 1,462 | ​ |  | — | ​ |  | — | ​ |  | 77 | ​ |  | 1,539
Income (loss) before income taxes | ​ | $ | 6,997 | ​ | $ | (1,281) | ​ | $ | (205) | ​ | $ | (3,762) | ​ |  | 1,749
Income tax benefit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 3,057
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 4,806
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of intangibles | ​ | $ | 120 | ​ | $ | 331 | ​ | $ | — | ​ | $ | — | ​ | $ | 451
Depreciation | ​ | ​ | 344 | ​ | ​ | 1,313 | ​ | ​ | 199 | ​ | ​ | 2 | ​ | ​ | 1,858
Property, plant and equipment additions | ​ | ​ | 693 | ​ | ​ | 304 | ​ | ​ | 136 | ​ | ​ | — | ​ | ​ | 1,133
​

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration