Segmented Information (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Summary of Detailed Information About Geographical Areas

The accounting policies of the reportable operating segments are the same as those described in the summary of significant accounting policies.


Three months ended June 30,	USA						Rest of World						Canada						Total
Three months ended June 30,	2022			2021			2022			2021			2022			2021			2022			2021
Segment revenue	$	226,087		$	120,754		$	104,125		$	65,429		$	73,205		$	39,128		$	403,417		$	225,311
Intersegment revenue		(28,733	)		(15,095	)		(111	)		(34	)		(2,496	)		(5,675	)		(31,340	)		(20,804	)

Revenue	$	197,354		$	105,659		$	104,014		$	65,395		$	70,709		$	33,453		$	372,077		$	204,507
Revenue – Engineered Systems		112,673			44,698			34,810			3,642			48,863			16,658			196,346			64,998
Revenue – Service		53,105			37,195			31,861			24,668			20,873			15,767			105,839			77,630
Revenue – Energy Infrastructure		31,576			23,766			37,343			37,085			973			1,028			69,892			61,879
Operating income (loss) 1	$	14,044		$	4,872		$	7,217		$	9,355		$	(1,018	)	$	3,518		$	20,243		$	17,745

Six months ended June 30,	USA						Rest of World						Canada						Total
Six months ended June 30,	2022			2021			2022			2021			2022			2021			2022			2021
Segment revenue	$	408,842		$	205,719		$	213,519		$	135,946		$	140,329		$	90,757		$	762,690		$	432,422
Intersegment revenue		(64,024	)		(18,114	)		(189	)		(40	)		(3,331	)		(6,556	)		(67,544	)		(24,710	)

Revenue	$	344,818		$	187,605		$	213,330		$	135,906		$	136,998		$	84,201		$	695,146		$	407,712
Revenue – Engineered Systems		190,305			73,938			84,102			12,084			96,370			51,208			370,777			137,230
Revenue – Service		95,354			67,309			54,895			50,579			38,776			30,278			189,025			148,166
Revenue – Energy Infrastructure		59,159			46,358			74,333			73,243			1,852			2,715			135,344			122,316
Operating income (loss) 1	$	14,389		$	5,238		$	17,499		$	14,083		$	(4,806	)	$	5,445		$	27,082		$	24,766

The company did not receive any government grants during the three and six months ended June 30, 2022 (June 30, 2021 – $6.4 million and $10.5 million). Government grants are recorded in COGS and SG&A within the interim condensed consolidated statements of earnings in accordance with where the associated expenses were recognized.


	USA				Rest of World				Canada				Total
	Jun. 30, 2022		Dec. 31, 2021		Jun. 30, 2022		Dec. 31, 2021		Jun. 30, 2022		Dec. 31, 2021		Jun. 30, 2022			Dec. 31, 2021
Segment assets	$	1,030,299	$	1,000,755	$	694,574	$	654,969	$	560,449	$	546,250	$	2,285,322		$	2,201,974
Goodwill		156,970		154,437		322,707		323,466		88,367		88,367		568,044			566,270
Corporate		—		—		—		—		—		—		(560,480	)		(576,802	)

Total segment assets	$	1,187,269	$	1,155,192	$	1,017,281	$	978,435	$	648,816	$	634,617	$	2,292,886		$	2,191,442

The accounting policies of

the reportable operating segments are the same as those described in the summary of significant accounting policies.


	USA						Rest of World						Canada						Total
Years ended December 31,	2021			2020			2021			2020			2021			2020			2021			2020
Segment revenue	$	497,630		$	649,133		$	309,695		$	353,210		$	194,439		$	247,390		$	1,001,764		$	1,249,733
Intersegment revenue		(27,247	)		(16,847	)		(138	)		(199	)		(14,223	)		(15,635	)		(41,608	)		(32,681	)

Revenue	$	470,383		$	632,286		$	309,557		$	353,011		$	180,216		$	231,755		$	960,156		$	1,217,052
Revenue – Engineered Systems		218,558			390,178			22,500			40,485			113,069			167,903			354,127			598,566
Revenue – Service		153,722			150,939			111,500			96,092			62,154			56,238			327,376			303,269
Revenue – Energy Infrastructure 1		98,103			91,169			175,557			216,434			4,993			7,614			278,653			315,217
Operating income 2	$	14,442		$	56,504		$	36,250		$	40,488		$	3,599		$	19,020		$	54,291		$	116,012

Energy Infrastructure revenue for 2021 includes the recognition of revenue from a finance lease transaction in the fourth quarter of 2021 and 2020. Upon commencement of the renegotiated lease, the Company recognized the sale of the related rental assets and a corresponding finance lease receivable. Refer to Note 11 for further details on finance leases.

In the year ended December 31, 2021, the Company recognized $16.4 million of government grants (December 31, 2020 – $19.6 million; December 31, 2019 – nil). The subsidies received have been recorded

as a reduction in cost of goods sold and selling and administrative expenses within the consolidated statements of earnings in accordance with where the associated expenses were recognized.


	USA						Rest of World						Canada						Total
Years ended December 31,	2020			2019			2020			2019			2020			2019			2020			2019
Segment revenue	$	649,133		$	1,243,760		$	353,210		$	354,680		$	247,390		$	518,042		$	1,249,733		$	2,116,482
Intersegment revenue		(16,847	)		(48,091	)		(199	)		(7,846	)		(15,635	)		(15,123	)		(32,681	)		(71,060	)

Revenue	$	632,286		$	1,195,669		$	353,011		$	346,834		$	231,755		$	502,919		$	1,217,052		$	2,045,422
Revenue – Engineered Systems		390,178			947,451			40,485			76,813			167,903			424,239			598,566			1,448,503
Revenue – Service 1		150,939			172,130			96,092			111,357			56,238			67,505			303,269			350,992
Revenue – Energy Infrastructure 1,2		91,169			76,088			216,434			158,664			7,614			11,175			315,217			245,927
Operating income	$	56,504		$	194,010		$	40,488		$	511		$	19,020		$	37,387		$	116,012		$	231,908

Revenues from the operation and maintenance of BOOM contracts have been reclassified from the Service to Energy Infrastructure product line including $11,717 previously disclosed during the first quarter of 2020. For the year ended December 31, 2019 the amount reclassified was $43,594. Please refer to Note 23 for further details.

Energy Infrastructure revenue for 2020 includes the recognition of revenue from a finance lease transaction in the fourth quarter of 2020. Upon commencement of the renegotiated leases, the Company recognized the sale of the related rental assets and a corresponding finance lease receivable. Refer to Note 11 for further details on finance leases.


	USA				Rest of World				Canada				Total
As at December 31,	2021		2020		2021		2020		2021		2020		2021			2020
Segment assets	$	1,000,755	$	895,022	$	654,969	$	610,597	$	546,250	$	525,510	$	2,201,974		$	2,031,129
Goodwill		154,437		155,094		323,466		332,567		88,367		88,367		566,270			576,028
Corporate		—		—		—		—		—		—		(576,802	)		(427,581	)

Total segment assets	$	1,155,192	$	1,050,116	$	978,435	$	943,164	$	634,617	$	613,877	$	2,191,442		$	2,179,576