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SEGMENT REPORTING | 3 Months Ended
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Apr. 30, 2023
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 months ended April 30, 2023 and 2022, intersegment revenues were not material. Summarized below are certain operating results and financial position data of the Company’s reportable business segments for the three months ended April 30, 2023 and 2022. The “Other” column in each summary includes the Company’s corporate expenses. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended | ​ | Power | ​ | Industrial | ​ | Telecom | ​ | ​ | ​ | ​
April 30, 2023 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues | ​ | $ | 70,176 | ​ | $ | 30,307 | ​ | $ | 3,192 | ​ | $ | — | ​ | $ | 103,675
Cost of revenues | ​ |  | 60,335 | ​ |  | 26,562 | ​ |  | 2,554 | ​ |  | — | ​ |  | 89,451
Gross profit | ​ |  | 9,841 | ​ |  | 3,745 | ​ |  | 638 | ​ |  | — | ​ |  | 14,224
Selling, general and administrative expenses | ​ | ​ | 5,714 | ​ | ​ | 1,460 | ​ | ​ | 703 | ​ | ​ | 2,714 | ​ | ​ | 10,591
Income (loss) from operations | ​ | ​ | 4,127 | ​ | ​ | 2,285 | ​ | ​ | (65) | ​ | ​ | (2,714) | ​ | ​ | 3,633
Other income (loss), net | ​ |  | 2,090 | ​ |  | — | ​ |  | — | ​ |  | (2,719) | ​ |  | (629)
Income (loss) before income taxes | ​ | $ | 6,217 | ​ | $ | 2,285 | ​ | $ | (65) | ​ | $ | (5,433) | ​ |  | 3,004
Income tax expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 895
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 2,109
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of intangibles | ​ | $ | — | ​ | $ | 98 | ​ | $ | — | ​ | $ | — | ​ | $ | 98
Depreciation | ​ | ​ | 128 | ​ | ​ | 304 | ​ | ​ | 114 | ​ | ​ | 1 | ​ | ​ | 547
Property, plant and equipment additions | ​ | ​ | 389 | ​ | ​ | 256 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 645
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current assets | ​ | $ | 303,596 | ​ | $ | 43,946 | ​ | $ | 3,985 | ​ | $ | 73,474 | ​ | $ | 425,001
Current liabilities | ​ | ​ | 160,564 | ​ | ​ | 29,226 | ​ | ​ | 1,172 | ​ | ​ | 1,435 | ​ | ​ | 192,397
Goodwill | ​ | ​ | 18,476 | ​ | ​ | 9,467 | ​ | ​ | 90 | ​ | ​ | — | ​ | ​ | 28,033
Total assets | ​ | ​ | 330,736 | ​ | ​ | 61,421 | ​ | ​ | 7,071 | ​ | ​ | 76,466 | ​ | ​ | 475,694
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended | ​ | Power | ​ | Industrial | ​ | Telecom | ​ | ​ | ​ | ​
April 30, 2022 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues | ​ | $ | 73,949 | ​ | $ | 22,501 | ​ | $ | 3,827 | ​ | $ | — | ​ | $ | 100,277
Cost of revenues | ​ |  | 59,035 | ​ |  | 18,680 | ​ |  | 2,824 | ​ |  | — | ​ |  | 80,539
Gross profit | ​ |  | 14,914 | ​ |  | 3,821 | ​ |  | 1,003 | ​ |  | — | ​ |  | 19,738
Selling, general and administrative expenses | ​ |  | 5,615 | ​ | ​ | 1,759 | ​ | ​ | 765 | ​ | ​ | 2,436 | ​ |  | 10,575
Income (loss) from operations | ​ | ​ | 9,299 | ​ | ​ | 2,062 | ​ | ​ | 238 | ​ | ​ | (2,436) | ​ | ​ | 9,163
Other income, net | ​ |  | 584 | ​ |  | — | ​ |  | 2 | ​ |  | 9 | ​ |  | 595
Income (loss) before income taxes | ​ | $ | 9,883 | ​ | $ | 2,062 | ​ | $ | 240 | ​ | $ | (2,427) | ​ |  | 9,758
Income tax expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 2,273
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 7,485
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of intangibles | ​ | $ | — | ​ | $ | 166 | ​ | $ | — | ​ | $ | — | ​ | $ | 166
Depreciation | ​ | ​ | 142 | ​ | ​ | 544 | ​ | ​ | 122 | ​ | ​ | 1 | ​ | ​ | 809
Property, plant and equipment additions | ​ | ​ | 52 | ​ | ​ | 151 | ​ | ​ | 35 | ​ | ​ | — | ​ | ​ | 238
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current assets | ​ | $ | 329,779 | ​ | $ | 27,872 | ​ | $ | 3,565 | ​ | $ | 86,375 | ​ | $ | 447,591
Current liabilities | ​ | ​ | 170,684 | ​ | ​ | 12,362 | ​ | ​ | 1,685 | ​ | ​ | 1,543 | ​ | ​ | 186,274
Goodwill | ​ | ​ | 18,476 | ​ | ​ | 9,467 | ​ | ​ | 90 | ​ | ​ | — | ​ | ​ | 28,033
Total assets | ​ | ​ | 353,570 | ​ | ​ | 45,379 | ​ | ​ | 7,245 | ​ | ​ | 86,616 | ​ | ​ | 492,810
​ ​

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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