SEGMENT REPORTING

12 Months Ended

Jan. 31, 2016

SEGMENT REPORTING

SEGMENT REPORTING

NOTE 18 — 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. With the acquisition of TRC in December 2015, the Company began operations in a new reportable segment, Industrial Fabrication and Field Services (see Note 3). Accordingly, financial information has been presented for this reportable segment for the year ended January 31, 2017 and 2016, and there is no information to be presented for this segment for the year ended January 31, 2015.

Presented below are summarized operating results and certain financial position data of the Company’s reportable business segments for the year ended January 31, 2017. The “Other” columns include the Company’s corporate and unallocated expenses.

Year Ended January 31, 2017

	Power Services		Telecom Services		Industrial Services		Other			Totals
Revenues	$	586,628	$	9,425	$	78,994	$	—		$	675,047
Cost of revenues	452,599		7,383		68,354		—			528,336
Gross profit	134,029		2,042		10,640		—			146,711
Selling, general and administrative expenses	17,588		1,430		6,264		7,196			32,478
Impairment loss	1,979		—		—		—			1,979
Income (loss) from operations	114,462		612		4,376		(7,196		)	112,254
Other income, net	2,145		—		—		133			2,278
Income (loss) before income taxes	$	116,607	$	612	$	4,376	$	(7,063	)	114,532
Income tax expense										37,106
Net income										$	77,426
Amortization of intangibles	$	350	$	—	$	813	$	—		$	1,163
Depreciation	665		201		1,165		12			2,043
Property, plant and equipment additions	1,005		563		1,238		5			2,811
Current assets	$	461,086	$	3,399	$	19,329	$	104,135		$	587,949
Current liabilities	337,617		1,012		10,335		1,760			350,724
Goodwill	20,548		—		14,365		—			34,913
Total assets	488,431		4,318		47,316		104,182			$	644,247

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 and 2015. As above, the “Other” columns include the Company’s corporate and unallocated expenses.

Year Ended January 31, 2016

	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
Other income, net	827		—		—			274			1,101
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
Property, plant and equipment additions	2,985		100		28			5			3,118
Goodwill	$	22,525	$	—	$	14,880		$	—		$	37,405
Total assets	274,627		1,885		52,436			80,843			409,791

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
Property, plant and equipment additions	2,807		77		52			2,936
Goodwill	$	18,476	$	—	$	—		$	18,476
Total assets	303,737		2,293		85,163			391,193