SEGMENT REPORTING

3 Months Ended

Apr. 30, 2016

SEGMENT REPORTING

SEGMENT REPORTING

NOTE 15 — 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 three months ended April 30, 2016 and 2015. The “Other” columns include the Company’s corporate and unallocated expenses. With the acquisition of TRC in December 2015, the Company began operations in a new reportable segment, Industrial Fabrication and Field Services (see Note 2). Accordingly, financial information has been presented for this reportable segment for the three months ended April 30, 2016, and there is no information to be presented for this segment in the table below for the prior year.

Three Months Ended April 30, 2016	Power Services		Industrial Services		Telecom Services		Other			Totals
Revenues	$	108,099	$	20,410	$	1,839	$	—		$	130,348
Cost of revenues	83,698		16,988		1,360		—			102,046
Gross profit	24,401		3,422		479		—			28,302
Selling, general and administrative expenses	3,234		1,633		327		1,853			7,047
Income (loss) from operations	21,167		1,789		152		(1,853		)	21,255
Other income, net	14		—		—		23			37
Income (loss) before income taxes	$	21,181	$	1,789	$	152	$	(1,830	)	21,292
Income tax expense										7,172
Net income										$	14,120
Amortization of intangibles	$	147	$	174	$	—	$	—		$	321
Depreciation	132		258		41		3			434
Fixed asset additions	184		22		39		—			245
Current assets	$	287,998	$	24,863	$	5,519	$	82,754		$	401,134
Current liabilities	199,538		16,045		803		1,967			218,353
Goodwill	22,526		14,287		—		—			36,813
Total assets	315,768		48,433		6,037		89,028			459,266

Three Months Ended April 30, 2015	Power Services		Telecom Services		Other			Consolidated
Revenues	$	82,884	$	2,604	$	—		$	85,488
Cost of revenues	62,379		1,942		—			64,321
Gross profit	20,505		662		—			21,167
Selling, general and administrative expenses	3,583		304		1,653			5,540
Income (loss) from operations	16,922		358		(1,653		)	15,627
Other income, net	79		—		6			85
Income (loss) before income taxes	$	17,001	$	358	$	(1,647	)	15,712
Income tax expense								4,861
Net income								$	10,851
Amortization of purchased intangibles	$	60	$	—	$	—		$	60
Depreciation	75		41		3			119
Property, plant and equipment additions	1,126		81		—			1,207
Goodwill	$	18,476	$	—	$	—		$	18,476
Total assets	334,355		4,424		61,093			399,872