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SEGMENT INFORMATION
 6 Months Ended
Jul. 01, 2011
SEGMENT INFORMATION  
SEGMENT INFORMATION

10.                      SEGMENT INFORMATION

 

The Company has three reporting segments: Engineering Services, Public Finance Services and Homeland Security Services. The Engineering Services segment includes Willdan Engineering, Public Agency Resources and Willdan Energy Solutions. The Engineering Services segment performs services for a broad range of public agency clients and, to a lesser extent, private industry, and offers a full complement of civil engineering and municipal planning, energy efficiency and sustainability services to clients throughout the western United States. The Public Finance Services segment, which consists of Willdan Financial Services, provides expertise and support for the various financing techniques employed by public agencies to finance their operations and infrastructure along with the mandated reporting and other requirements associated with these financings. The Homeland Security Services segment, which consists of Willdan Homeland Solutions, provides homeland security and communications and technology consulting services to cities, counties and related municipal service agencies.

 

The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies included in the Company’s 2010 Annual Report on Form 10-K filed on March 29, 2011. There were no intersegment sales during the fiscal three and six months ended July 1, 2011.  Management evaluates the performance of each segment based upon income or loss from operations before income taxes. Certain segment asset information including expenditures for long-lived assets has not been presented as it is not reported to or reviewed by the chief operating decision maker. In addition, enterprise-wide service line contract revenue is not included as it is impracticable to report this information for each group of similar services.

 

Financial information with respect to the reportable segments as of and for the fiscal three and six months ended July 1, 2011 and for the fiscal three and six months ended July 2, 2010 is as follows:

 

 

 

Engineering
Services

 

Public
Finance
Services

 

Homeland
Security
Services

 

Unallocated
Corporate

 

Intersegment

 

Consolidated
Total

 

Fiscal Three Months Ended July 1, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract revenue

 

$

21,614,000

 

$

2,549,000

 

$

1,649,000

 

$

—

 

$

—

 

$

25,812,000

 

Segment profit (loss) before income taxes

 

797,000

 

230,000

 

(93,000

)

—

 

—

 

934,000

 

Net income (loss)

 

607,000

 

187,000

 

(59,000

)

—

 

—

 

735,000

 

Segment assets

 

175,393,000

 

23,177,000

 

6,718,000

 

146,368,000

 

(298,288,000

)

53,368,000

 

Segment net assets(1)

 

32,390,000

 

9,838,000

 

(1,037,000

)

14,694,000

 

(23,129,000

)

32,756,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Three Months Ended July 2, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract revenue

 

$

16,133,000

 

$

2,804,000

 

$

1,430,000

 

$

—

 

$

—

 

$

20,367,000

 

Segment profit (loss) before income taxes

 

990,000

 

312,000

 

234,000

 

(278,000

)

—

 

1,258,000

 

Net income (loss)

 

990,000

 

312,000

 

234,000

 

(278,000

)

—

 

1,258,000

 

Segment assets

 

151,577,000

 

23,448,000

 

6,855,000

 

144,874,000

 

(280,349,000

)

46,405,000

 

Segment net assets(1)

 

28,387,000

 

9,608,000

 

(963,000

)

14,202,000

 

(20,292,000

)

30,942,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Six Months Ended July 1, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract revenue

 

$

40,568,000

 

$

4,880,000

 

$

3,106,000

 

$

—

 

$

—

 

$

48,554,000

 

Segment profit (loss) before income taxes

 

714,000

 

149,000

 

(220,000

)

—

 

—

 

643,000

 

Net income (loss)

 

525,000

 

106,000

 

(187,000

)

—

 

—

 

444,000

 

Segment assets

 

175,393,000

 

23,177,000

 

6,718,000

 

146,368,000

 

(298,288,000

)

53,368,000

 

Segment net assets(1)

 

32,390,000

 

9,838,000

 

(1,037,000

)

14,694,000

 

(23,129,000

)

32,756,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Six Months Ended July 2, 2010

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract revenue

 

$

29,268,000

 

$

5,430,000

 

$

2,620,000

 

$

—

 

$

—

 

$

37,318,000

 

Segment profit (loss) before income taxes

 

1,242,000

 

443,000

 

270,000

 

(305,000

)

—

 

1,650,000

 

Net income (loss)

 

1,242,000

 

443,000

 

270,000

 

(305,000

)

—

 

1,650,000

 

Segment assets

 

151,577,000

 

23,448,000

 

6,855,000

 

144,874,000

 

(280,349,000

)

46,405,000

 

Segment net assets(1)

 

28,387,000

 

9,608,000

 

(963,000

)

14,202,000

 

(20,292,000

)

30,942,000

 

 

(1)   Segment net assets represent segment assets net of segment liabilities, which includes the effect of intersegment assets and liabilities which are eliminated in consolidation.