XML 65 R27.htm IDEA: XBRL DOCUMENT
v3.22.4

Segment Disclosure | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Disclosure | Segment Disclosure The Company’s three operating segments are: •Services. This segment provides asset protection solutions predominantly in North America, with the largest concentration in the United States, followed by Canada, consisting primarily of NDT, inspection, mechanical and engineering services that are used to evaluate the safety, structural integrity and reliability of critical energy, industrial and public infrastructure and commercial aerospace components. Software, digital and data services are included in this segment. •International. This segment offers services, products and systems, similar to those of the other segments, to select markets within Europe, the Middle East, Africa, Asia and South America, but not to customers in China and South Korea, which are served by the Products and Systems segment. •Products and Systems. This segment designs, manufactures, sells, installs and services the Company’s asset protection products and systems, including equipment and instrumentation, predominantly in the United States. Costs incurred for general corporate services, including finance, legal, and certain other costs that are provided to the segments are reported within Corporate and eliminations. Sales to the International segment from the Products and Systems segment and subsequent sales by the International segment of the same items are recorded and reflected in the operating performance of both segments. Additionally, engineering charges and royalty fees charged to the Services and International segments by the Products and Systems segment are reflected in the operating performance of each segment. The accounting policies of the reportable segments are the same as those described in Note 1-Summary of Significant Accounting Policies and Practices. Segment income from operations is one of the primary performance measures used by the chief operating decision maker, to assess the performance of each segment and make resource allocation decisions. Certain general and administrative costs such as human resources, information technology and training are allocated to the segments. Segment income from operations excludes interest and other financial charges and income taxes. Corporate and other assets are comprised principally of cash, deposits, property, plant and equipment, domestic deferred taxes, deferred charges and other assets. Corporate loss from operations consists of administrative charges related to corporate personnel and other charges that cannot be readily identified for allocation to a particular segment. Selected consolidated financial information by segment for the periods shown was as follows (with intercompany transactions eliminated in Corporate and eliminations):
| For the year ended December 31,
| 2022 |  | 2021 |  | 2020
Revenue |  |  |  |  |
Services | $ | 573,336 |  |  | $ | 555,387 |  |  | $ | 476,164 |
International | 112,425 |  |  | 117,245 |  |  | 107,556 |
Products and Systems | 12,727 |  |  | 13,831 |  |  | 16,449 |
Corporate and eliminations | (11,115) |  |  | (9,332) |  |  | (7,598) |
| $ | 687,373 |  |  | $ | 677,131 |  |  | $ | 592,571 |
| For the year ended December 31,
| 2022 |  | 2021 |  | 2020
Gross profit |  |  |  |  |
Services | $ | 159,049 |  |  | $ | 155,384 |  |  | $ | 141,084 |
International | 33,591 |  |  | 34,282 |  |  | 31,046 |
Products and Systems | 5,490 |  |  | 7,001 |  |  | 6,826 |
Corporate and eliminations | 43 |  |  | 480 |  |  | (425) |
| $ | 198,173 |  |  | $ | 197,147 |  |  | $ | 178,531 |
Income (loss) from operations by operating segment includes intercompany transactions, which are eliminated in Corporate and eliminations.
| For the year ended December 31,
| 2022 |  | 2021 |  | 2020
Income (loss) from operations |  |  |  |  |
Services | $ | 49,616 |  |  | $ | 48,458 |  |  | $ | (44,222) |
International | 3,566 |  |  | 1,839 |  |  | (21,855) |
Products and Systems | (992) |  |  | (117) |  |  | (936) |
Corporate and eliminations | (32,391) |  |  | (32,010) |  |  | (34,204) |
| $ | 19,799 |  |  | $ | 18,170 |  |  | $ | (101,217) |
| For the year ended December 31,
| 2022 |  | 2021 |  | 2020
Depreciation and amortization |  |  |  |  |
Services | $ | 25,103 |  |  | $ | 25,259 |  |  | $ | 26,093 |
International | 7,648 |  |  | 8,791 |  |  | 8,659 |
Products and Systems | 810 |  |  | 928 |  |  | 998 |
Corporate and eliminations | (267) |  |  | (57) |  |  | (45) |
| $ | 33,294 |  |  | $ | 34,921 |  |  | $ | 35,705 |
| December 31,
| 2022 |  | 2021
Intangible assets, net |  |  |
Services | $ | 43,260 |  |  | $ | 51,862 |
International | 4,422 |  |  | 6,344 |
Products and Systems | 1,208 |  |  | 1,042 |
Corporate and eliminations | 125 |  |  | 133 |
| $ | 49,015 |  |  | $ | 59,381 |
| December 31,
| 2022 |  | 2021
Total assets |  |  |
Services | $ | 407,779 |  |  | $ | 424,058 |
International | 104,531 |  |  | 111,619 |
Products and Systems | 12,408 |  |  | 10,532 |
Corporate and eliminations | 10,186 |  |  | 15,986 |
| $ | 534,904 |  |  | $ | 562,195 |
| December 31,
| 2022 |  | 2021
Long-lived assets |  |  |
United States | $ | 176,237 |  |  | $ | 183,052 |
Other Americas | 108,582 |  |  | 120,012 |
Europe | 41,392 |  |  | 48,334 |
| $ | 326,211 |  |  | $ | 351,398 |
Refer to Note 2-Revenue, for revenues by segment and by geographic area for the years ended December 31, 2022, 2021, and 2020.

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