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Entity Wide Disclosures
 3 Months Ended
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