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SEGMENT INFORMATION | 12 Months Ended
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Dec. 27, 2019
SEGMENT INFORMATION |
SEGMENT INFORMATION | 9. SEGMENT AND GEOGRAPHICAL INFORMATION Segment Information During the three months ended March 30, 2018, the Company revised its segment reporting to conform to changes in its internal management reporting. As a result, beginning with the three months ended March 30, 2018, the Company’s two segments are Energy and Engineering and Consulting, and the Company’s chief operating decision maker, which continues to be its chief executive officer, receives and reviews financial information in this format. Accordingly, segment information has been revised for comparison purposes for all periods presented in the accompanying consolidated financial statements. There were no intersegment sales in any of the three fiscal years ended December 27, 2019. The Company’s chief operating decision maker 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 and reconciliation to the amounts reported in the Company’s consolidated financial statements follows:
|  |  |  | Engineering |  | Unallocated |  |  |  |  | Consolidated
|  | Energy |  | & Consulting |  | Corporate |  | Intersegment |  | Total
|  | (in thousands)
Fiscal Year 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract revenue |  | $ | 370,715 |  | $ | 72,384 |  | $ | — |  | $ | — |  | $ | 443,099
Depreciation and amortization |  |  | 13,703 |  |  | 1,324 |  |  | — |  |  | — |  |  | 15,027
Interest expense |  |  | 32 |  |  | — |  |  | 4,868 |  |  | — |  |  | 4,900
Segment profit (loss) before income tax expense |  |  | 11,971 |  |  | 8,839 |  |  | (16,154) |  |  | — |  |  | 4,656
Income tax (benefit) expense |  |  | 3,308 |  |  | 2,442 |  |  | (5,935) |  |  | — |  |  | (185)
Net income (loss) |  |  | 8,664 |  |  | 6,397 |  |  | (10,220) |  |  | — |  |  | 4,841
Segment assets (1) |  |  | 314,324 |  |  | 23,690 |  |  | 125,029 |  |  | (23,130) |  |  | 439,913
Fiscal Year 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract revenue |  | $ | 196,833 |  | $ | 75,419 |  | $ | — |  | $ | — |  | $ | 272,252
Depreciation and amortization |  |  | 5,274 |  |  | 786 |  |  | — |  |  | — |  |  | 6,060
Interest expense |  |  | 312 |  |  | 388 |  |  | — |  |  | — |  |  | 700
Segment profit (loss) before income tax expense |  |  | 8,959 |  |  | 7,589 |  |  | (4,387) |  |  | — |  |  | 12,161
Income tax (benefit) expense |  |  | 1,570 |  |  | 1,330 |  |  | (769) |  |  | — |  |  | 2,131
Net income (loss) |  |  | 7,390 |  |  | 6,259 |  |  | (3,619) |  |  | — |  |  | 10,030
Segment assets (1) |  |  | 252,124 |  |  | 20,402 |  |  | 51,515 |  |  | (23,130) |  |  | 300,911
Fiscal Year 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract revenue |  | $ | 199,609 |  | $ | 73,743 |  | $ | — |  | $ | — |  | $ | 273,352
Depreciation and amortization |  |  | 3,145 |  |  | 804 |  |  | — |  |  | — |  |  | 3,949
Interest expense |  |  | (90) |  |  | (21) |  |  | — |  |  | — |  |  | (111)
Segment profit before income tax expense |  |  | 5,589 |  |  | 9,054 |  |  | (952) |  |  | — |  |  | 13,691
Income tax expense (benefit) |  |  | 638 |  |  | 1,033 |  |  | (109) |  |  | — |  |  | 1,562
Net income |  |  | 4,951 |  |  | 8,021 |  |  | (843) |  |  | — |  |  | 12,129
Segment assets (1) |  |  | 65,872 |  |  | 20,774 |  |  | 74,656 |  |  | (23,130) |  |  | 138,172
| (1) |  | Segment assets are presented net of intercompany receivables.
The following tables provides information about disaggregated revenue by contract type, client type and geographical region:
|  | 2019
|  | Energy |  | Engineering and Consulting |  | Total
|  | (in thousands)
Contract Type |  |  |  |  |  |  |  |  |
Time-and-materials |  | $ | 18,625 |  | $ | 54,560 |  | $ | 73,185
Unit-based |  |  | 272,978 |  |  | 14,391 |  |  | 287,369
Fixed price |  |  | 79,112 |  |  | 3,433 |  |  | 82,545
Total |  | $ | 370,715 |  | $ | 72,384 |  | $ | 443,099
Client Type |  |  |  |  |  |  |  |  |
Commercial |  | $ | 39,311 |  | $ | 4,895 |  | $ | 44,206
Government |  |  | 57,020 |  |  | 67,049 |  |  | 124,069
Utilities |  |  | 274,384 |  |  | 440 |  |  | 274,824
Total |  | $ | 370,715 |  | $ | 72,384 |  | $ | 443,099
Geography (1) |  |  |  |  |  |  |  |  |
Domestic |  | $ | 370,715 |  | $ | 72,384 |  | $ | 443,099
|  | 2018
|  | Energy |  | Engineering and Consulting |  | Total
|  | (in thousands)
Contract Type |  |  |  |  |  |  |  |  |
Time-and-materials |  | $ | 13,790 |  | $ | 59,744 |  | $ | 73,534
Unit-based |  |  | 113,749 |  |  | 13,300 |  |  | 127,049
Fixed price |  |  | 69,294 |  |  | 2,375 |  |  | 71,669
Total |  | $ | 196,833 |  | $ | 75,419 |  | $ | 272,252
Client Type |  |  |  |  |  |  |  |  |
Commercial |  | $ | 20,715 |  | $ | 4,882 |  | $ | 25,597
Government |  |  | 62,897 |  |  | 70,091 |  |  | 132,988
Utilities |  |  | 113,221 |  |  | 446 |  |  | 113,667
Total |  | $ | 196,833 |  | $ | 75,419 |  | $ | 272,252
Geography (1) |  |  |  |  |  |  |  |  |
Domestic |  | $ | 196,833 |  | $ | 75,419 |  | $ | 272,252
| (1) |  | Revenue from our foreign operations were immaterial for fiscal year 2019. For prior fiscal years presented, we did not have any foreign revenues.
In accordance with ASU 2016-10, the Company adopted ASC 606 utilizing a modified retrospective approach. As such, fiscal year 2017 comparative information is not presented. The following sets forth the assets that are included in Unallocated Corporate as of December 27, 2019 and December 28, 2018.
|  | 2019 |  | 2018
|  | (in thousands)
Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 84,277 |  | $ | 14,863
Accounts Receivable, net |  |  | (108) |  |  | (1,826)
Prepaid expenses |  |  | 1,912 |  |  | 1,606
Intercompany receivables |  |  | 125,126 |  |  | 135,507
Goodwill |  |  | 2 |  |  | 2
Other receivables |  |  | 3,915 |  |  | 201
Equipment and leasehold improvements, net |  |  | 1,637 |  |  | 1,180
Investments in subsidiaries |  |  | 23,130 |  |  | 23,130
ROU Assets |  |  | 1,141 |  |  | —
Other |  |  | 606 |  |  | 963
Deferred income taxes |  |  | 9,312 |  |  | 12,321
|  | $ | 250,950 |  | $ | 187,947
Geographical Information Substantially all of the Company’s consolidated revenue was derived from its operations in the U.S. The Company operates through a nationwide network of offices spread across 24 states and the District of Columbia. In connection with the Company’s acquisition of E3, Inc. in October 28, 2019, the Company expanded its operations into Canada. Revenues from the Company’s Canadian operations were not material for fiscal year 2019. Customer Concentration For fiscal years 2019, 2018, and 2017, the Company’s top 10 customers accounted for 50.6%, 56.9%, and 64.4%, respectively, of the Company’s consolidated contract revenue. During fiscal years 2019, 2018, and 2017, the Company had individual customers that accounted for more than 10% of its consolidated contract revenues. For fiscal year 2019, the Company derived 29.1% of its consolidated contract revenue from two customers, Consolidated Edison of New York and the Los Angeles Department of Water and Power. For fiscal year 2018, the Company derived 19.0% of its consolidated contract revenue from one customer, Consolidated Edison of New York. For fiscal year 2017, the Company derived 38.0% of its consolidated contract revenue from two customers, Consolidated Edison of New York and the Dormitory Authority-State New York. On a segment basis, the Company also had individual customers that accounted for more than 10% of its segment contract revenues. For fiscal year 2019, the Company derived 34.7% of its Energy segment revenues from two customers, Consolidated Edison of New York and the Los Angeles Department of Water and Power, and it derived 25.0% of its Engineering and Consulting segment revenues from one customer, the City of Elk Grove. For 2018, the Company derived 18.5% of its Energy segment revenues from one customer, Consolidated Edison of New York, and it derived 10% of its Engineering and Consulting segment revenues from three customers, the City of Elk Grove, City of Long Beach and Ygrene. For 2017, Company derived 22.3% of its Energy segment revenues from one customer, Dormitory Authority-State of New York (“DASNY”) and it derived 10% of its Engineering and Consulting segment revenues from seven customers, the City of Elk Grove, City of Rialto, City of El Monte, City of Long Beach, City of San Bernardino, City of Westlake Village and City of Lakewood. The Company’s largest clients are based in California and New York. In fiscal year 2019, 2018, and 2017, services provided to clients in California accounted for 41.1%, 35.0%, and 30.0%, respectively, of the Company’s contract revenue and services provided to clients in New York accounted for 27.2%, 29.0%, 46.0%, respectively, of the Company’s contract revenue.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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