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Entity Wide Disclosures | 3 Months Ended
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Aug. 31, 2013
Entity Wide Disclosures | 14. ENTITY WIDE DISCLOSURES ASC 280, Segment Reporting (“ASC 280”), requires we disclose certain information about our operating segments where operating segments are defined as “components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.” Through July 1, 2013, we operated in only one segment—the industrial services segment. Within the industrial services segment, we were organized as two divisions. Our TCM division provided the services of inspection and assessment and field heat treating. Our TMS division provided the services of leak repair, fugitive emissions control, hot tapping, field machining, technical bolting and field valve repair. Effective July 1, 2013, we implemented a reorganization of our business divisions to conduct operations in three segments: IHT Group, MS Group and Quest Group. All three operating segments operate under a business segment manager who will report directly to Team’s Chief Executive Officer who operates as the chief operating decision maker. Segment data for our three operating segments are as follows (in thousands):
|  | Three Months Ended August 31, 2013 |  |  | Three Months Ended August 31, 2012 |
|  | (unaudited) |  |  |  |
Revenues: |  |  |  |  |  |  |  |
IHT |  | $ | 95,833 |  |  | $ | 82,210 |
MS |  |  | 65,769 |  |  |  | 65,327 |
Quest |  |  | 12,709 |  |  |  | 13,955 |
Corporate and shared support services |  |  | — |  |  |  | — |
|  | $ | 174,311 |  |  | $ | 161,492 |
|  | Three Months Ended August 31, 2013 |  |  | Three Months Ended August 31, 2012 |
|  | (unaudited) |  |  |  |
Operating income: |  |  |  |  |  |  |  |
IHT |  | $ | 10,183 |  |  | $ | 9,659 |
MS |  |  | 6,801 |  |  |  | 7,244 |
Quest |  |  | (696 | ) |  |  | 3,021 |
Corporate and shared support services |  |  | (8,183 | ) |  |  | (7,100 | )
|  | $ | 8,105 |  |  | $ | 12,824 |
|  | Three Months Ended August 31, 2013 |  |  | Three Months Ended August 31, 2012 |
|  | (unaudited) |  |  |  |
Capital expenditures: |  |  |  |  |  |  |  |
IHT |  | $ | 1,845 |  |  | $ | 2,271 |
MS |  |  | 1,647 |  |  |  | 2,787 |
Quest |  |  | 1,956 |  |  |  | 525 |
Corporate and shared support services |  |  | 775 |  |  |  | 146 |
|  | $ | 6,223 |  |  | $ | 5,729 |
|  | Three Months Ended August 31, 2013 |  |  | Three Months Ended August 31, 2012 |
|  | (unaudited) |  |  |  |
Depreciation and amortization: |  |  |  |  |  |  |  |
IHT |  | $ | 2,082 |  |  | $ | 1,748 |
MS |  |  | 1,778 |  |  |  | 1,709 |
Quest |  |  | 1,325 |  |  |  | 980 |
Corporate and shared support services |  |  | 198 |  |  |  | 136 |
|  | $ | 5,383 |  |  | $ | 4,573 |
Separate measures of Team’s assets by operating segment are not produced or utilized by management to evaluate segment performance. Revenues and total assets in the United States and other countries are as follows (in thousands):
|  | Three Months Ended August 31, 2013 |  |  | Three Months Ended August 31, 2012 |
|  | (unaudited) |  |  | (unaudited) |
Revenues: |  |  |  |  |  |  |  |
United States |  | $ | 123,805 |  |  | $ | 113,054 |
Canada |  |  | 32,928 |  |  |  | 35,086 |
Europe |  |  | 8,433 |  |  |  | 6,700 |
Other foreign countries |  |  | 9,145 |  |  |  | 6,652 |
Total |  | $ | 174,311 |  |  | $ | 161,492 |
|  | August 31, 2013 |  |  | May 31, 2013 |
|  | (unaudited) |  |  | (unaudited) |
Total assets: |  |  |  |  |  |  |  |
United States |  | $ | 341,761 |  |  | $ | 334,579 |
Canada |  |  | 64,844 |  |  |  | 68,164 |
Europe |  |  | 36,268 |  |  |  | 35,734 |
Other foreign countries |  |  | 22,517 |  |  |  | 21,726 |
Total |  | $ | 465,390 |  |  | $ | 460,203 |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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