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Segment Reporting
12 Months Ended
Jan. 31, 2012
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 18 – SEGMENT REPORTING

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. The business operations of each segment are conducted primarily by the Company’s wholly-owned subsidiaries – GPS and SMC, respectively.

 

Presented below are summarized operating results and certain financial position data of the Company’s reportable continuing business segments for the years ended January 31, 2012 and 2011. The “Other” column includes the Company’s corporate and unallocated expenses.

Fiscal Year Ended January 31, 2012

 

                                 
    Power
Industry
Services
    Telecom
Infrastructure
Services
    Other     Consolidated  

Net revenues

  $ 132,519,000     $ 9,331,000     $ —       $ 141,850,000  

Cost of revenues

    111,193,000       7,555,000       —         118,748,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

    21,326,000       1,776,000       —         23,102,000  

Selling, general and administrative expenses

    6,235,000       1,586,000       3,365,000       11,186,000  
   

 

 

   

 

 

   

 

 

   

 

 

 
      15,091,000       190,000       (3,365,000     11,916,000  

Other income, net

    33,000       —         15,000       48,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations before income taxes

  $ 15,124,000     $ 190,000     $ (3,350,000     11,964,000  
   

 

 

   

 

 

   

 

 

         

Income tax expense

                            (4,556,000
                           

 

 

 

Income from continuing operations

                          $ 7,408,000  
                           

 

 

 

Amortization of purchased intangible assets

  $ 334,000     $ —       $ —       $ 334,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Depreciation and other amortization

  $ 207,000     $ 244,000     $ 4,000     $ 455,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed asset additions

  $ 1,599,000     $ 136,000     $ 4,000     $ 1,739,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Goodwill

  $ 18,476,000     $ —       $ —       $ 18,476,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

  $ 164,049,000     $ 3,121,000     $ 38,082,000     $ 205,252,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Fiscal Year Ended January 31, 2011

 

                                 
    Power
Industry
Services
    Telecom
Infrastructure
Services
    Other     Consolidated  

Net revenues

  $ 174,938,000     $ 7,654,000     $ —       $ 182,592,000  

Cost of revenues

    146,976,000       6,493,000       —         153,469,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

    27,962,000       1,161,000       —         29,123,000  

Selling, general and administrative expenses

    6,434,000       1,537,000       4,158,000       12,129,000  
   

 

 

   

 

 

   

 

 

   

 

 

 
      21,528,000       (376,000     (4,158,000     16,994,000  

Investment income, net

    23,000       —         27,000       50,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) from continuing operations before income taxes

  $ 21,551,000     $ (376,000   $ (4,131,000     17,044,000  
   

 

 

   

 

 

   

 

 

         

Income tax expense

                            (7,037,000
                           

 

 

 

Income from continuing operations

                          $ 10,007,000  
                           

 

 

 

Amortization of purchased intangible assets

  $ 350,000     $ —       $ —       $ 350,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Depreciation and other amortization

  $ 287,000     $ 351,000     $ 4,000     $ 642,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed asset additions

  $ 243,000     $ 256,000     $ 2,000     $ 501,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Goodwill

  $ 18,476,000     $ —       $ —       $ 18,476,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

  $ 92,578,000     $ 1,603,000     $ 29,382,000     $ 123,563,000