SEGMENT REPORTING

12 Months Ended

Jan. 31, 2016

SEGMENT REPORTING

SEGMENT REPORTING

NOTE 20 — 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, industrial fabrication and field 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 business segments for the years ended January 31, 2016. The “Other” columns include the Company’s corporate and unallocated expenses.

With the acquisition of Roberts in December 2015, the Company began operations in a new reportable segment, Industrial Fabrication and Field Services (see Note 4). Accordingly, financial information has been presented for this reportable segment for the year ended January 31, 2016, and there is no information to be presented for this segment in the tables below for the prior years.

	Power Services		Telecom Services		Industrial Services			Other			Totals
Revenues	$	387,636	$	10,379	$	15,260		$	—		$	413,275
Cost of revenues	290,823		7,460		15,527			—			313,810
Gross profit	96,813		2,919		(267		)	—			99,465
Selling, general and administrative expenses	15,303		1,323		1,151			7,283			25,060
Income (loss) from operations	81,510		1,596		(1,418		)	(7,283		)	74,405
Gains on deconsolidations	349		—		—			—			349
Other income, net	478		—		—			274			752
Income (loss) before income taxes	$	82,337	$	1,596	$	(1,418	)	$	(7,009	)	75,506
Income tax expense											25,302
Net income											$	50,204
Amortization of intangibles	$	415	$	—	$	116		$	—		$	531
Depreciation	433		162		172			12			779
Fixed asset additions	2,985		100		28			5			3,118
Current assets	$	245,331	$	1,340	$	23,200		$	81,852		$	351,723
Current liabilities	160,782		554		24,351			2,025			187,712
Goodwill	22,525		—		14,880			—			37,405
Total assets	274,627		1,885		52,436			81,954			410,902

Presented below are summarized operating results and certain financial position data of the Company’s reportable business segments for the years ended January 31, 2015 and 2014. As above, the “Other” columns include the Company’s corporate and unallocated expenses.

Year Ended January 31, 2015	Power Services		Telecom Services		Other			Totals
Revenues	$	376,676	$	6,434	$	—		$	383,110
Cost of revenues	294,643		4,864		—			299,507
Gross profit	82,033		1,570		—			83,603
Selling, general and administrative expenses	11,930		1,299		6,241			19,470
Income (loss) from operations	70,103		271		(6,241		)	64,133
Other income, net	231		—		3			234
Income (loss) before income taxes	$	70,334	$	271	$	(6,238	)	64,367
Income tax expense								20,912
Net income								$	43,455
Amortization of intangibles	$	243	$	—	$	—		$	243
Depreciation	372		169		10			551
Fixed asset additions	2,807		77		52			2,936
Goodwill	$	18,476	$	—	$	—		$	18,476
Total assets	303,737		2,293		85,163			391,193

Year Ended January 31, 2014	Power Services		Telecom Services		Other			Totals
Revenues	$	218,649	$	8,806	$	—		$	227,455
Cost of revenues	141,807		6,800		—			148,607
Gross profit	76,842		2,006		—			78,848
Selling, general and administrative expenses	7,575		1,331		4,012			12,918
Income (loss) from operations	69,267		675		(4,012		)	65,930
Gains on deconsolidations	2,444		—		—			2,444
Other income, net	958		—		3			961
Income (loss) before income taxes	$	72,669	$	675	$	(4,009	)	69,335
Income tax expense								25,991
Net income								$	43,344
Amortization of intangibles	$	243	$	—	$	—		$	243
Depreciation	366		180		3			549
Fixed asset additions	1,067		69		—			1,136
Goodwill	$	18,476	$	—	$	—		$	18,476
Total assets	276,744		1,989		44,573			323,306