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SEGMENT AND GEOGRAPHICAL INFORMATION | 9 Months Ended
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Sep. 30, 2022
SEGMENT AND GEOGRAPHICAL INFORMATION |
SEGMENT AND GEOGRAPHICAL INFORMATION | 9. SEGMENT AND GEOGRAPHICAL INFORMATION Segment Information 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. There were no intersegment sales during the three and nine months ended September 30, 2022 and October 1, 2021. 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 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Engineering | ​ | Unallocated | ​ | ​ | ​ | ​ | Consolidated
​ |  | Energy |  | & Consulting |  | Corporate |  | Intersegment |  | Total
​ | ​ | (in thousands)
Fiscal Three Months Ended September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 102,625 | ​ | $ | 18,774 | ​ | $ | - | ​ | $ | - | ​ | $ | 121,399
Depreciation and amortization | ​ | ​ | 4,166 | ​ | ​ | 239 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 4,405
Interest expense, net | ​ | ​ | 3 | ​ | ​ | - | ​ | ​ | 1,432 | ​ | ​ | - | ​ | ​ | 1,435
Segment profit (loss) before income tax expense | ​ | ​ | (1,815) | ​ | ​ | 3,473 | ​ | ​ | (3,108) | ​ | ​ | - | ​ | ​ | (1,450)
Income tax expense (benefit) | ​ | ​ | (1,565) | ​ | ​ | 1,781 | ​ | ​ | (1,742) | ​ | ​ | - | ​ | ​ | (1,526)
Net income (loss) | ​ | ​ | (250) | ​ | ​ | 1,692 | ​ | ​ | (1,366) | ​ | ​ | - | ​ | ​ | 76
Segment assets (1) | ​ | ​ | 336,036 | ​ | ​ | 22,630 | ​ | ​ | 59,575 | ​ | ​ | (23,130) | ​ | ​ | 395,111
Fiscal Three Months Ended October 1, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 81,523 | ​ | $ | 16,774 | ​ | $ | - | ​ | $ | - | ​ | $ | 98,297
Depreciation and amortization | ​ | ​ | 4,023 | ​ | ​ | 244 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 4,267
Interest expense, net | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 937 | ​ | ​ | - | ​ | ​ | 937
Segment profit (loss) before income tax expense | ​ | ​ | 2,138 | ​ | ​ | 2,673 | ​ | ​ | (4,207) | ​ | ​ | - | ​ | ​ | 604
Income tax expense (benefit) | ​ | ​ | 610 | ​ | ​ | 1,286 | ​ | ​ | (2,132) | ​ | ​ | - | ​ | ​ | (236)
Net income (loss) | ​ | ​ | 1,529 | ​ | ​ | 1,387 | ​ | ​ | (2,076) | ​ | ​ | - | ​ | ​ | 840
Segment assets (1) | ​ | ​ | 331,573 | ​ | ​ | 23,134 | ​ | ​ | 55,329 | ​ | ​ | (23,130) | ​ | ​ | 386,906
Fiscal Nine Months Ended September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 262,186 | ​ | $ | 53,696 | ​ | $ | - | ​ | $ | - | ​ | $ | 315,882
Depreciation and amortization | ​ | ​ | 12,506 | ​ | ​ | 734 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 13,240
Interest expense, net | ​ | ​ | 8 | ​ | ​ | - | ​ | ​ | 3,208 | ​ | ​ | - | ​ | ​ | 3,216
Segment profit (loss) before income tax expense | ​ | ​ | (12,525) | ​ | ​ | 8,111 | ​ | ​ | (9,197) | ​ | ​ | - | ​ | ​ | (13,611)
Income tax expense (benefit) | ​ | ​ | (5,143) | ​ | ​ | 3,330 | ​ | ​ | (3,775) | ​ | ​ | - | ​ | ​ | (5,588)
Net income (loss) | ​ | ​ | (7,382) | ​ | ​ | 4,780 | ​ | ​ | (5,421) | ​ | ​ | - | ​ | ​ | (8,023)
Segment assets (1) | ​ | ​ | 336,036 | ​ | ​ | 22,630 | ​ | ​ | 59,575 | ​ | ​ | (23,130) | ​ | ​ | 395,111
Fiscal Nine Months Ended October 1, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 209,977 | ​ | $ | 51,560 | ​ | $ | - | ​ | $ | - | ​ | $ | 261,537
Depreciation and amortization | ​ | ​ | 11,934 | ​ | ​ | 744 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 12,678
Interest expense, net | ​ | ​ | 5 | ​ | ​ | - | ​ | ​ | 3,095 | ​ | ​ | - | ​ | ​ | 3,100
Segment profit (loss) before income tax expense | ​ | ​ | (5,607) | ​ | ​ | 7,507 | ​ | ​ | (14,784) | ​ | ​ | - | ​ | ​ | (12,884)
Income tax expense (benefit) | ​ | ​ | (2,331) | ​ | ​ | 3,122 | ​ | ​ | (6,148) | ​ | ​ | - | ​ | ​ | (5,357)
Net income (loss) | ​ | ​ | (3,275) | ​ | ​ | 4,386 | ​ | ​ | (8,638) | ​ | ​ | - | ​ | ​ | (7,527)
Segment assets (1) | ​ | ​ | 331,573 | ​ | ​ | 23,134 | ​ | ​ | 55,329 | ​ | ​ | (23,130) | ​ | ​ | 386,906
(1) | Segment assets are presented net of intercompany receivables.
​ The following tables provide information about disaggregated revenue by contract type, client type and geographical region: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended September 30, 2022
​ |  | Energy |  | Engineering and Consulting |  | Total
​ |  | (in thousands)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 7,468 | ​ | $ | 13,880 | ​ | $ | 21,348
Unit-based | ​ | ​ | 43,039 | ​ | ​ | 3,791 | ​ | ​ | 46,830
Fixed price | ​ | ​ | 52,118 | ​ | ​ | 1,103 | ​ | ​ | 53,221
Total (1) | ​ | $ | 102,625 | ​ | $ | 18,774 | ​ | $ | 121,399
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 6,848 | ​ | $ | 1,376 | ​ | $ | 8,224
Government | ​ | ​ | 48,073 | ​ | ​ | 17,348 | ​ | ​ | 65,421
Utilities (2) | ​ | ​ | 47,704 | ​ | ​ | 50 | ​ | ​ | 47,754
Total (1) | ​ | $ | 102,625 | ​ | $ | 18,774 | ​ | $ | 121,399
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 102,625 | ​ | $ | 18,774 | ​ | $ | 121,399
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine months ended September 30, 2022
​ |  | Energy |  | Engineering and Consulting |  | Total
​ |  | (in thousands)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 23,873 | ​ | $ | 40,221 | ​ | $ | 64,094
Unit-based | ​ | ​ | 128,540 | ​ | ​ | 10,530 | ​ | ​ | 139,070
Fixed price | ​ | ​ | 109,773 | ​ | ​ | 2,945 | ​ | ​ | 112,718
Total (1) | ​ | $ | 262,186 | ​ | $ | 53,696 | ​ | $ | 315,882
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 21,638 | ​ | $ | 4,330 | ​ | $ | 25,968
Government | ​ | ​ | 96,293 | ​ | ​ | 49,139 | ​ | ​ | 145,432
Utilities (2) | ​ | ​ | 144,255 | ​ | ​ | 227 | ​ | ​ | 144,482
Total (1) | ​ | $ | 262,186 | ​ | $ | 53,696 | ​ | $ | 315,882
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 262,186 | ​ | $ | 53,696 | ​ | $ | 315,882
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended October 1, 2021
​ |  | Energy |  | Engineering and Consulting |  | Total
​ |  | (in thousands)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 9,104 | ​ | $ | 13,160 | ​ | $ | 22,264
Unit-based | ​ | ​ | 51,470 | ​ | ​ | 2,650 | ​ | ​ | 54,120
Fixed price | ​ | ​ | 20,950 | ​ | ​ | 963 | ​ | ​ | 21,913
Total (1) | ​ | $ | 81,524 | ​ | $ | 16,773 | ​ | $ | 98,297
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 7,741 | ​ | $ | 1,568 | ​ | $ | 9,309
Government | ​ | ​ | 18,537 | ​ | ​ | 15,181 | ​ | ​ | 33,718
Utilities (2) | ​ | ​ | 55,245 | ​ | ​ | 24 | ​ | ​ | 55,269
Total (1) | ​ | $ | 81,524 | ​ | $ | 16,773 | ​ | $ | 98,297
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 81,524 | ​ | $ | 16,773 | ​ | $ | 98,297
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine months ended October 1, 2021
​ |  | Energy |  | Engineering and Consulting |  | Total
​ |  | (in thousands)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 25,060 | ​ | $ | 40,444 | ​ | $ | 65,504
Unit-based | ​ | ​ | 132,688 | ​ | ​ | 7,817 | ​ | ​ | 140,505
Fixed price | ​ | ​ | 52,229 | ​ | ​ | 3,299 | ​ | ​ | 55,528
Total (1) | ​ | $ | 209,977 | ​ | $ | 51,560 | ​ | $ | 261,537
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 20,685 | ​ | $ | 4,037 | ​ | $ | 24,723
Government | ​ | ​ | 45,766 | ​ | ​ | 47,391 | ​ | ​ | 93,157
Utilities (2) | ​ | ​ | 143,525 | ​ | ​ | 132 | ​ | ​ | 143,657
Total (1) | ​ | $ | 209,977 | ​ | $ | 51,560 | ​ | $ | 261,537
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 209,977 | ​ | $ | 51,560 | ​ | $ | 261,537
​
| (1) | Amounts may not add to the totals due to rounding.
| (2) | Includes the portion of revenue related to small business programs paid by the end user/customer.
| (3) | Revenue from the Company’s foreign operations were not material for the three and nine months ended September 30, 2022 and October 1, 2021.
​ Geographical Information ​ Substantially all of the Company’s consolidated revenue was derived from its operations in the U.S. The Company operates through a network of offices spread across 23 U.S. states, the District of Columbia, and Canada. Revenues from the Company’s Canadian operations were not material for the three and nine months ended September 30, 2022 nor for the three and nine months ended October 1, 2021. Customer Concentration For the three and nine months ended September 30, 2022, the Company’s top 10 customers accounted for 57.2%, and 54.5%, respectively, of the Company’s consolidated contract revenue. For the three and nine months ended October 1, 2021, the Company’s top 10 customers accounted for 52.4%, and 46.8%, respectively, of the Company’s consolidated contract revenue. For the three months ended September 30, 2022, the Company had one customer, Pueblo County School District, that accounted for 13.3% of its consolidated contract revenues. For the nine months ended September 30, 2022, the Company had one customer, LADWP, that accounted for 13.2% of its consolidated contract revenues. For the three months ended October 1, 2021, the Company had one customer, LADWP, that accounted for 17.0% of its consolidated contract revenue. For the nine months ended October 1, 2021, the Company had no individual customer that accounted for more than 10% of its consolidated contract revenue. On a segment basis, the Company had individual customers that accounted for more than 10% of its segment contract revenues. For the three months ended September 30, 2022, the Company derived 38.3% of its Energy segment revenues from three customers, Pueblo County School District, The Dormitory Authority State of New York (“DASNY”) and LADWP. For the nine months ended September 30, 2022, the Company derived 26.5% of its Energy segment revenues from two customers, LADWP and Pueblo County School District. For the three months ended October 1, 2021, the Company derived 20.4% of its Energy segment revenues from one customer, LADWP. For the nine months ended October 1, 2021, the Company derived 21.5% of its Energy segment revenues from two customers, LADWP and Consolidated Edison of New York. For the three months and nine months ended September 30, 2022, and for the three months ended October 1, 2021, no single customer accounted for 10% or more of the Company’s Engineering and Consulting segment revenues. For the nine months ended October 1, 2021, the Company derived 12.2% of its Engineering and Consulting segment revenues from one customer, the City of Elk Grove. On a geographical basis, the Company’s largest clients are based in California and New York. For the three and nine months ended September 30, 2022, services provided to clients in California accounted for 37.2% and 40.3%, respectively, of the Company’s contract revenue and services provided to clients in New York accounted for 23.4% and 21.4%, respectively, of the Company’s contract revenue. For the three and nine months ended October 1, 2021, services provided to clients in California accounted for 38.9% and 36.2%, respectively, of the Company’s consolidated contract revenue and services provided to clients in New York accounted for 19.0% and 20.7%, respectively, of the Company’s consolidated 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://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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