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SEGMENT INFORMATION
 3 Months Ended
Mar. 30, 2012
SEGMENT INFORMATION  
SEGMENT INFORMATION

10.                    SEGMENT INFORMATION

 

The Company has four reporting segments: Engineering Services, Energy Efficiency Services, Public Finance Services and Homeland Security Services. The Engineering Services segment consists of Willdan Engineering and Public Agency Resources. The Engineering Services segment offers a broad range of engineering and planning services to our public and private sector clients. The Energy Efficiency Services segment, which consists of Willdan Energy Solutions, provides energy efficiency and sustainability consulting services to utilities, state agencies, municipalities, private industry and non-profit organizations. Prior to December 30, 2011, the energy efficiency and sustainability services were aggregated into the Engineering Services segment. Given the manner in which the chief operating decision maker reviews financial results and allocates resources, these services now compromise a separate reporting segment. Segment information for the comparable prior year period has been restated to conform to the Company’s current segment presentation of four operating segments. 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 national preparedness, homeland security consulting, public safety and emergency response services to cities, related municipal service agencies and other entities.

 

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 2011 Annual Report on Form 10-K filed on March 29, 2012. There were no intersegment sales in the three months ended March 30, 2012. 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 months ended March 30, 2012 and for the fiscal three months ended April 1, 2011 is as follows:

 

 

 

Engineering
Services

 

Energy
Efficiency
Services

 

Public
Finance
Services

 

Homeland
Security
Services

 

Unallocated
Corporate

 

Intersegment

 

Consolidated
Total

 

Fiscal Three Months Ended March 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract revenue

 

$

7,858,000

 

$

14,340,000

 

$

2,276,000

 

$

994,000

 

$

—

 

$

—

 

$

25,468,000

 

Segment loss before income taxes

 

(645,000

)

(1,646,000

)

175,000

 

(222,000

)

—

 

—

 

(2,338,000

)

Net loss

 

(387,000

)

(987,000

)

102,000

 

(139,000

)

—

 

—

 

(1,411,000

)

Segment assets(1)

 

10,318,000

 

40,008,000

 

3,315,000

 

1,978,000

 

34,720,000

 

(23,129,000

)

67,210,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Three Months Ended April 1, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract revenue

 

$

8,742,000

 

$

10,212,000

 

$

2,331,000

 

$

1,457,000

 

$

—

 

$

—

 

$

22,742,000

 

Segment loss before income taxes

 

(300,000

)

218,000

 

(81,000

)

(128,000

)

—

 

—

 

(291,000

)

Net loss

 

(300,000

)

218,000

 

(81,000

)

(128,000

)

—

 

—

 

(291,000

)

Segment assets(1)

 

10,094,000

 

25,639,000

 

3,928,000

 

2,498,000

 

27,904,000

 

(20,396,000

)

49,667,000

 

 

(1)   Segment assets represent segment assets, net of intercompany receivables.