XML 23 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

SEGMENT AND GEOGRAPHICAL INFORMATION | 3 Months Ended
--- | ---
Mar. 31, 2023
SEGMENT AND GEOGRAPHICAL INFORMATION |
SEGMENT AND GEOGRAPHICAL INFORMATION | 8. 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 months ended March 31, 2023 and April 1, 2022. 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 Condensed Consolidated Financial Statements is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Engineering | ​ | Unallocated | ​ | ​ | ​ | ​ | Consolidated
​ |  | Energy |  | & Consulting |  | Corporate |  | Intersegment |  | Total
​ | ​ | (in thousands)
Fiscal Three Months Ended March 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 83,285 | ​ | $ | 19,318 | ​ | $ | - | ​ | $ | - | ​ | $ | 102,603
Depreciation and amortization | ​ | ​ | 3,924 | ​ | ​ | 276 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 4,200
Interest expense, net | ​ | ​ | 2 | ​ | ​ | - | ​ | ​ | 2,464 | ​ | ​ | - | ​ | ​ | 2,466
Segment profit (loss) before income tax expense | ​ | ​ | 2,771 | ​ | ​ | 2,587 | ​ | ​ | (3,670) | ​ | ​ | - | ​ | ​ | 1,688
Income tax expense (benefit) | ​ | ​ | 1,241 | ​ | ​ | 1,158 | ​ | ​ | (1,643) | ​ | ​ | - | ​ | ​ | 756
Net income (loss) | ​ | ​ | 1,530 | ​ | ​ | 1,428 | ​ | ​ | (2,026) | ​ | ​ | - | ​ | ​ | 932
Segment assets (1) | ​ | ​ | 323,578 | ​ | ​ | 23,587 | ​ | ​ | 69,332 | ​ | ​ | (23,130) | ​ | ​ | 393,367
Fiscal Three Months Ended April 1, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contract revenue | ​ | $ | 74,886 | ​ | $ | 16,952 | ​ | $ | - | ​ | $ | - | ​ | $ | 91,838
Depreciation and amortization | ​ | ​ | 4,157 | ​ | ​ | 252 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 4,409
Interest expense, net | ​ | ​ | 4 | ​ | ​ | - | ​ | ​ | 747 | ​ | ​ | - | ​ | ​ | 751
Segment profit (loss) before income tax expense | ​ | ​ | (4,353) | ​ | ​ | 2,107 | ​ | ​ | (3,916) | ​ | ​ | - | ​ | ​ | (6,162)
Income tax expense (benefit) | ​ | ​ | (1,687) | ​ | ​ | 817 | ​ | ​ | (1,519) | ​ | ​ | - | ​ | ​ | (2,389)
Net income (loss) | ​ | ​ | (2,665) | ​ | ​ | 1,290 | ​ | ​ | (2,398) | ​ | ​ | - | ​ | ​ | (3,773)
Segment assets (1) | ​ | ​ | 336,957 | ​ | ​ | 22,979 | ​ | ​ | 35,931 | ​ | ​ | (23,130) | ​ | ​ | 372,737
(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 March 31, 2023
​ |  | Energy |  | Engineering and Consulting |  | Total
​ |  | (in thousands)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 7,709 | ​ | $ | 14,554 | ​ | $ | 22,263
Unit-based | ​ | ​ | 44,927 | ​ | ​ | 3,616 | ​ | ​ | 48,543
Fixed price | ​ | ​ | 30,649 | ​ | ​ | 1,148 | ​ | ​ | 31,797
Total (1) | ​ | $ | 83,285 | ​ | $ | 19,318 | ​ | $ | 102,603
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 6,719 | ​ | $ | 1,164 | ​ | $ | 7,883
Government | ​ | ​ | 26,075 | ​ | ​ | 18,095 | ​ | ​ | 44,170
Utilities (2) | ​ | ​ | 50,491 | ​ | ​ | 59 | ​ | ​ | 50,550
Total (1) | ​ | $ | 83,285 | ​ | $ | 19,318 | ​ | $ | 102,603
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 83,285 | ​ | $ | 19,318 | ​ | $ | 102,603
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended April 1, 2022
​ |  | Energy |  | Engineering and Consulting |  | Total
​ |  | (in thousands)
Contract Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Time-and-materials | ​ | $ | 8,818 | ​ | $ | 13,001 | ​ | $ | 21,819
Unit-based | ​ | ​ | 42,957 | ​ | ​ | 2,984 | ​ | ​ | 45,941
Fixed price | ​ | ​ | 23,110 | ​ | ​ | 968 | ​ | ​ | 24,078
Total (1) | ​ | $ | 74,886 | ​ | $ | 16,952 | ​ | $ | 91,838
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Client Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 8,089 | ​ | $ | 1,478 | ​ | $ | 9,567
Government | ​ | ​ | 18,359 | ​ | ​ | 15,453 | ​ | ​ | 33,812
Utilities (2) | ​ | ​ | 48,437 | ​ | ​ | 21 | ​ | ​ | 48,458
Total (1) | ​ | $ | 74,886 | ​ | $ | 16,952 | ​ | $ | 91,838
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic | ​ | $ | 74,886 | ​ | $ | 16,952 | ​ | $ | 91,838
​
| (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 months ended March 31, 2023 and April 1, 2022.
​ 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 22 U.S. states, the District of Columbia, and Canada. Revenues from the Company’s Canadian operations were not material for the three months ended March 31, 2023 nor the three months ended April 1, 2022. Customer Concentration For the three months ended March 31, 2023 and April 1, 2022, the Company’s top 10 customers accounted for 52.2%, and 54.2%, respectively, of the Company’s consolidated contract revenue. For the three months ended March 31, 2023, and April 1, 2022, the Company had one customer, the Los Angeles Department of Water and Power (“LADWP”), that accounted for 11.1% and 17.1% of its consolidated contract revenues, respectively. 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 March 31, 2023, the Company derived 13.7% of its Energy segment revenues from one customer, LADWP. For the three months ended March 31, 2023, no single customer accounted for 10% or more of its Engineering and Consulting segment revenues. For the three months ended April 1, 2022, the Company derived 32.1% of its Energy segment revenues from two customers, LADWP and Duke Energy. For the three months ended April 1, 2022, no single customer accounted for 10% or more of its Engineering and Consulting segment revenues. On a geographical basis, the Company’s largest clients are based in California and New York. For the three months ended March 31, 2023 and April 1, 2022, services provided to clients in California accounted for 42.4% and 43.6%, respectively, of the Company’s contract revenue and services provided to clients in New York accounted for 24.5% and 19.0%, respectively, of the Company’s contract revenue.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration