SEGMENT REPORTING

6 Months Ended

Jul. 31, 2015

SEGMENT REPORTING

SEGMENT REPORTING

NOTE 16 — SEGMENT REPORTING

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, or decision making group, in deciding how to allocate resources and in assessing performance. The Company’s reportable segments, power industry services and telecommunications infrastructure services, are organized in separate business units with different management teams, customers, technologies and services and may include more than one operating segment.

Presented below are summarized operating results and certain financial position data of the Company’s reportable segments for the three months ended July 31, 2015 and 2014. The “Other” columns include the Company’s corporate and unallocated expenses.

Three Months Ended July 31, 2015	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Revenues	$	93,471,000	$	3,963,000	$	—		$	97,434,000
Cost of revenues	66,136,000		2,805,000		—			68,941,000
Gross profit	27,335,000		1,158,000		—			28,493,000
Selling, general and administrative expenses	2,849,000		415,000		1,584,000			4,848,000
Income (loss) from operations	24,486,000		743,000		(1,584,000		)	23,645,000
Other income, net	301,000		—		(173,000		)	128,000
Income (loss) before income taxes	$	24,787,000	$	743,000	$	(1,757,000	)	23,773,000
Income tax expense								7,939,000
Net income								$	15,834,000
Amortization of purchased intangibles	$	104,000	$	—	$	—		$	104,000
Depreciation	$	95,000	$	42,000	$	3,000		$	140,000
Property, plant and equipment additions	$	1,285,000	$	10,000	$	2,000		$	1,297,000
Goodwill	$	22,887,000	$	—	$	—		$	22,887,000
Total assets	$	310,410,000	$	2,910,000	$	66,738,000		$	380,058,000

Three Months Ended July 31, 2014	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Revenues	$	100,418,000	$	1,612,000	$	—		$	102,030,000
Cost of revenues	79,261,000		1,205,000		—			80,466,000
Gross profit	21,157,000		407,000		—			21,564,000
Selling, general and administrative expenses	2,769,000		309,000		1,403,000			4,481,000
Income (loss) from operations	18,388,000		98,000		(1,403,000		)	17,083,000
Other income, net	40,000		—		1,000			41,000
Income (loss) before income taxes	$	18,428,000	$	98,000	$	(1,402,000	)	17,124,000
Income tax expense								5,104,000
Net income								$	12,020,000
Amortization of purchased intangibles	$	61,000	$	—	$	—		$	61,000
Depreciation	$	96,000	$	42,000	$	3,000		$	141,000
Property, plant and equipment additions	$	61,000	$	53,000	$	—		$	114,000
Goodwill	$	18,476,000	$	—	$	—		$	18,476,000
Total assets	$	368,450,000	$	2,351,000	$	37,499,000		$	408,300,000

Presented below are summarized operating results of the Company’s reportable segments for the six months ended July 31, 2015 and 2014. As above, the “Other” columns include the Company’s corporate and unallocated expenses.

Six Months Ended July 31, 2015	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Revenues	$	176,355,000	$	6,566,000	$	—		$	182,921,000
Cost of revenues	128,515,000		4,746,000		—			133,261,000
Gross profit	47,840,000		1,820,000		—			49,660,000
Selling, general and administrative expenses	6,432,000		718,000		3,237,000			10,387,000
Income (loss) from operations	41,408,000		1,102,000		(3,237,000		)	39,273,000
Other income, net	379,000		—		(167,000		)	212,000
Income (loss) before income taxes	$	41,787,000	$	1,102,000	$	(3,404,000	)	39,485,000
Income tax expense								12,800,000
Net income								$	26,685,000
Amortization of purchased intangibles	$	164,000	$	—	$	—		$	164,000
Depreciation	$	170,000	$	82,000	$	6,000		$	258,000
Property, plant and equipment additions	$	2,410,000	$	91,000	$	2,000		$	2,503,000

Six Months Ended July 31, 2014	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Revenues	$	150,242,000	$	2,979,000	$	—		$	153,221,000
Cost of revenues	119,311,000		2,296,000		—			121,607,000
Gross profit	30,931,000		683,000		—			31,614,000
Selling, general and administrative expenses	4,556,000		660,000		2,643,000			7,859,000
Income (loss) from operations	26,375,000		23,000		(2,643,000		)	23,755,000
Other income, net	62,000		—		1,000			63,000
Income (loss) before income taxes	$	26,437,000	$	23,000	$	(2,642,000	)	23,818,000
Income tax expense								6,997,000
Net income								$	16,821,000
Amortization of purchased intangibles	$	121,000	$	—	$	—		$	121,000
Depreciation	$	193,000	$	86,000	$	4,000		$	283,000
Property, plant and equipment additions	$	88,000	$	61,000	$	50,000		$	199,000